Karachi, October 31, 2012 (PPI-OT): Pak Rupee has continued to devalue steeply against US dollar due to hefty payments of import proceeds, foreign loans and other obligations. According to Alfalah Securities Limited, the Pak Rupee has dropped steeply to PKR 95.8764 to a dollar on October 30, 2012 as compared …
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AKD Quotidian about — CPI headed for lowest level in 3yrs
Karachi, October 31, 2012 (PPI-OT): Headline CPI inflation has depicted a consistent downtrend to enter single digits in 1QFY13 and AKD Securities expects this trend to continue in Oct’12. According to AKD Securities, while SPI is flattish MoM, AKD Securities expects CPI to increase by 0.5%MoM but still register at …
Read More »KESC directed to deposit PKR 890 million income tax – Alfalah Securities Limited
Karachi, October 31, 2012 (PPI-OT): Tax department has directed the Karachi Electricity Supply Company (KESC) to deposit income tax worth of PKR 890 million collected from the commercial and industrial consumers which has been retained by KESC since July, 2012. According to Alfalah Securities Limited, it is to be deposited …
Read More »Engro announced loss in 3QCY12 results – Alfalah Securities Limited
Karachi, October 31, 2012 (PPI-OT): Engro Corporation has posted loss after tax of PKR 443.17 million (LPS: PKR 0.87) in 9MCY12 as against a significant profit of PKR 5,590.39 million last year (EPS: PKR 10.88). According to Alfalah Securities Limited, the decline in profitability is mainly attributed to loss arising …
Read More »Islamic Microfinance has solution of all issues relating to poverty: Zubair Mughal
Lahore, October 31, 2012 (PPI-OT): Poverty has become a global problem. Due to the current Global Financial Crisis, even the Developed countries of world are also trying to fight against poverty whereas the solution of all the problems and issues related to poverty lies in Islamic Microfinance. These thoughts were …
Read More »Trade and industry concerned on fire incidents in industrial zones
Karachi, October 31, 2012 (PPI-OT): The trade and industry has expressed its sheer concern over the ever-increasing incidents of fire in Karachi particularly in the industrial areas. In a statement the Chief Patron Korangi Association of Trade and Industry (KATI) S M Muneer, Chairman Mohammad Zubair Chhaya, President All Karachi …
Read More »Gas curtailment has severely impacted operations of the fertilizer business
Islamabad, October 31, 2012 (PPI-OT): The Board of Directors of Engro Corporation Limited today announced the financial results for the nine months ended, September 30, 2012. Gas curtailment caused by the flagrant violation of the contractual obligations by SNGPL has severely impacted the operations of the fertilizer business. Consequently, the …
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