Karachi, October 24, 2012 (PPI-OT): Lucky Cement Limited (LUCK) is scheduled to announce its 1QFY13 result on Oct 25’12. According to AKD Securities expects the company to post earnings of PKR 2.03 billion (EPS: PKR 6.27) compared to earnings of PKR 1.50 billion (EPS: PKR 4.66) during the corresponding period last year, a growth of […]
Karachi, October 24, 2012 (PPI-OT): Securities and Exchange Commission of Pakistan (SECP) has given permission to asset management companies (AMCs) to offer commodity schemes which is a type of Mutual Fund with commodities as the main investment avenue. According to Alfalah Securities Limited, the investments in commodities by the fund will be made only be […]
Karachi, October 24, 2012 (PPI-OT): NPL and PSMC NPL; Earnings are likely to register a 27% YoY increase Nishat Power Limited’s (NPL) board of directors is scheduled to approve and announce its 1QFY13 financial results on October 25, 2012. According to Arif Habib Limited expects the company’s profit after tax to clock in at PKR […]
Karachi, October 24, 2012 (PPI-OT): ECC has reduced the duty in range of 10 – 17.5% for different categories of components/kits used by motorcycle industry. According to Alfalah Securities Limited, the rate of duty has been reduced for Completely Built Unit (CBU) and components from existing 20% to 10% and CBU and components for assembly/manufacture […]
Karachi, October 24, 2012 (PPI-OT): Economic Coordination Committee (ECC) has approved the issuance of guarantee for fresh loan of PKR 9.36 billion for PIA along with extension of government guarantee for 2 years on Sukuk Certificates of PKR 6.8 billion. According to Alfalah Securities Limited, this is done to provide some relief to the national […]
Karachi, October 24, 2012 (PPI-OT): The Board of Directors of ICI Pakistan Limited is pleased to announce the financial results for Q3 2012. The company posted net sales income of PKR 8.7 billion and PKR 25.4 billion for the quarter and nine months ended September 30, 2012 respectively which was 3% and 6% lower than […]
Karachi, October 24, 2012 (PPI-OT): The Second round of International Clearing House (ICH) Board meeting was held at Pakistan Telecommunication Company Limited (PTCL) HQ’s. PTCL Senior Executive Vice President (SEVP) Corporate Development, Sikandar Naqi welcomed the participants of the meeting. In the first session, the ICH board deliberated on agenda items including the ICH business […]
Karachi, October 24, 2012 (PPI-OT): Nestle Pakistan inaugurated the ‘Government Primary Sindh School’ at Peerano Goth, located in the suburbs of Port Qasim Industrial zone, Karachi on Wednesday. The Provincial Minister for Education and Literacy, Pir Mazhar ul Haq along with the Managing Director of Nestle Pakistan, Magdi Batato, unveiled the plaque for this inauguration […]
Karachi, October 24, 2012 (PPI-OT): Auction of Pakistan Investment Bonds for 3, 5, 10, and 20 years maturity was held on October 23, 2012 with coupon rates as 11.25%, 11.50%, 12.00%, and 13.00% for 3, 5, 10 and 20 years maturity respectively and settlement date of October 24, 2012. The bid summary for 3, 5, […]
Karachi, October 24, 2012 (PPI-OT): On the directive of President of Pakistan, DG CAA has been tasked to carry out feasibility study for the construction of all weather New International Airport at Chilas to facilitate northern area people and to attract tourists. The DG CAA, Capt. Nadeem Khan Yousufzai, also visited Mirpur (Azad Kashmir) and […]
Lahore, October 24, 2012 (PPI-OT): Rapid globalisation and technological advancements have brought in the need for standardisation in Pakistan in order to improve international competitiveness and to solve socio-economic and environmental issues. This was the crux of the speeches delivered at a seminar arranged by Pakistan Standard and Quality Control Authority (PSQCA) in collaboration with […]
Islamabad, October 24, 2012 (PPI-OT): Federal Minister for Science and Technology (S and T) Mir Changez Khan Jamali inaugurated the life size displays of Baluchitherium (the largest mammal on earth) and Blue Whale here at Pakistan Museum of Natural History (PMNH), Garden Avenue, Shakarparian, on Wednesday. The Federal Minister, inaugurated these displays at an impressive […]
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