October 16, 2012 - AsiaNet-Pakistan

Archive for October 16th, 2012

Mutual fund industry depreciated by 21% MoM in September – Alfalah Securities Limited

[ 0 ] October 16, 2012 |

Karachi, October 16, 2012 (PPI-OT): The mutual fund industry of Pakistan has depreciated by 21.37% MoM in term of asset size where, the assets under management (AUM) have now reached to PkR 330 bn in September 2012. According to Alfalah Securities Limited, the open ended mutual funds size has dropped by 22.61% and closed end […]

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Non‐customer gas theft added in SSGC’s UFG estimation – Alfalah Securities Limited

[ 0 ] October 16, 2012 |

Karachi, October 16, 2012 (PPI-OT): Sui Southern Gas Company (SSGC) has been allowed to include non‐customer gas theft in unaccounted for gas (UFG) estimation, as reported in the newspaper. According to Alfalah Securities Limited, the non‐customer gas theft is already included in the UFG calculation by Sui Northern Gas Pipeline (SNGP). At present the UFG […]

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International Steel posts loss in 1Q FY13 – Alfalah Securities Limited

[ 0 ] October 16, 2012 |

Karachi, October 16, 2012 (PPI-OT): International Steel has announced 1QFY13 results posting loss after tax of PKR 12.64 mn (LPS: PkR 0.03) which is better as against loss after tax of PkR 92.65 mn (LPS: PKR 0.21) in 1QFY12. According to Alfalah Securities Limited, the revenues surged by 4.3% to PkR 3,228 mn in 1QFY13 […]

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UBL plans to open branch in India – Alfalah Securities Limited

[ 0 ] October 16, 2012 |

Karachi, October 16, 2012 (PPI-OT): United Bank Ltd. (UBL) has contacted the Reserve Bank of India (RBI) and sought the details of statutory requirements required to start banking business in India. According to Alfalah Securities Limited, the opening of UBL’s branch in India would initially add to cost of setting up a new business while […]

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Warid introduces Google Talk over Short Message Service through Gmail

[ 0 ] October 16, 2012 | General Business News

Karachi, October 16, 2012 (PPI-OT): Warid introduces Google Talk Over SMS through which Warid Gmail users can send free text messages to any Warid number from their Gmail accounts. With this service Warid subscribers can also reply back to SMS messages sent from Google chat, which will appear on Gmail user’s interface. The first message […]

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Securities and Exchange Commission of Pakistan’s Investor Education Programme

[ 0 ] October 16, 2012 | General Business News

Lahore, October 16, 2012 (PPI-OT): Lahore Stock Exchange held its sixth session of SECP Investor Education Program for the students of COMSATS institute of Information Technology, Vehari. The seminar was attended by a huge number of Master level students. High officials from Securities and Exchange Commission of Pakistan (SECP) and Lahore Stock Exchange (LSE) also […]

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Chief Secretary directs Police Officers to perform their duties more devotedly

[ 0 ] October 16, 2012 | Government Institutions

Karachi, October 16, 2012 (PPI-OT): Chief Secretary Sindh Raja Muhammad Abbas has advised the Police Officers to perform their duties more devotedly and zealously as there are heavy responsibilities over their shoulders, to ensure peace and stability in the society. He was addressing the under training ASPs (Assistant Superintendents of Police) – the participants of […]

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Hydropower Project, water filling in the reservoir begins

[ 0 ] October 16, 2012 | Misc.

Lahore, October 16, 2012 (PPI-OT): In yet another significant development towards completion of the 121 megawatt (MW) – Allai Khwar Hydropower Project, water filling in the reservoir has been started today. With filling of the reservoir, the project has entered its completion stage, and the project, comprising two generating units of 61.5 MW each, is […]

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People of Sindh are with Pakistan People’s Party: Chawla

[ 0 ] October 16, 2012 | Government Institutions

Karachi, October 16, 2012 (PPI-OT): Provincial Minister for Excise and Taxation Mukesh Kumar Chawla and Provincial Minister for Revenue Jam Mehtab Hussain Dahar, while congratulating to President Asif Ali Zardari, Chief Minister Sindh Syed Qaim Ali Shah, Cabinet members and members of Sindh Assembly, Leaders and workers of Pakistan Peoples Party and the people of […]

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Nepalese Ambassador seeks to boost economic ties with Pakistan

[ 0 ] October 16, 2012 | Chambers of Commerce, Industries

Islamabad, October 16, 2012 (PPI-OT): Nepal greatly values its relations with Pakistan that are based on mutual respect, trust and shared perceptions on regional and international issues. These remarks were made by H.E.Mr.Bharat Raj Paudyal, Nepalese Ambassador while talking to the Islamabad Chamber of Commerce and Industry (ICCI) President, Mr.Zafar Bakhtawari during his visit to […]

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President appoints Vice Admiral Muhammmad Shafiq vice Chief of Naval Staff

[ 0 ] October 16, 2012 | Misc.

Islamabad, October 16, 2012 (PPI-OT): The President of Pakistan has appointed Vice Admiral Muhammmad Shafiq as Vice Chief of the Naval Staff with immediate effect, said a notification issued. Vice Admiral Muhammmad Shafiq was commissioned in the Operations Branch of Pakistan Navy on 01 June 1977. During his career he has served at various Command […]

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Pakistan Maritime’s Exercise Seaspark 2012 concludes

[ 0 ] October 16, 2012 | Misc.

Islamabad, October 16, 2012 (PPI-OT): The 2012 edition of the annual Pakistan Maritime Exercise Sea Spark concluded with the debrief session held at PNS JAUHAR today. Chief of the Naval Staff, Admiral Mohammad Asif Sandila, alongwith the Higher Commands, attended the debrief session. The Sea Spark Exercise, being a permanent feature of Pakistan Navy’s operational […]

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