Karachi, October 30, 2012 (PPI-OT): ENGRO will be announcing its 9MCY12 result later today. According to AKD Securities expects the company to post NLAT of PKR 596 million (LPS: PKR 1.16) for the period under review as against NPAT of PKR 5,590 million (EPS: PKR 10.93) in 9MCY11. For 3QCY12, earnings are expected to slip […]
Karachi, October 30, 2012 (PPI-OT): FCCL; Profitability is likely to jump by ~5x YoY Arif Habib Limited previews the financial result of 1QFY13 for Fauji Cement Company Limited (FCCL) with profit after tax of PKR 516 million (EPS: PKR 0.39), a massive 5x YoY growth, when compared with PKR 104 million (EPS: PKR 0.08) in […]
Karachi, October 30, 2012 (PPI-OT): Lucky Cement has opted to enter into joint ventures in cement plants in DR Congo, Africa and also a joint venture in cement grinding facility in Iraq as per Karachi Stock Exchange (KSE) Notice. According to Alfalah Securities Limited, the terms of project financing are under negotiations for the DR […]
Karachi, October 30, 2012 (PPI-OT): Pakistan’s foreign exchange reserves have increased by USD 70 million to USD 14.389 billion during the week ended October 19 as against USD 14.319 billion in the preceding week. According to Alfalah Securities Limited, the reserves of State Bank of Pakistan (SBP) inched up by USD 15 million to USD […]
Karachi, October 30, 2012 (PPI-OT): Nestle Pakistan Ltd. has announced to acquire nutrition business of Pfizer in Pakistan, which is currently being managed by Wyeth Pakistan Ltd., as per KSE notice. According to Alfalah Securities Limited, however the execution of the deal is subject to regulatory approvals. Nestle is a blue chip company with a […]
Karachi, October 30, 2012 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) has been honored with the prestigious “3rd Global HR Excellence Awards 2012” for its outstanding achievements and organizational performance in HR. Held at a local hotel in Karachi, the awards are bestowed in recognition of organizations that have achieved excellence in the domain of HR. […]
Islamabad, October 30, 2012 (PPI-OT): The United States is strengthening Pakistan’s energy sector to improve energy delivery. In this effort, the USAID Power Distribution Program inaugurated a Planning and Engineering (P and E) Computer Center at Gujranwala Electric Power Company (GEPCO). The CEO of GEPCO Mehboob Alam unveiled the plaque while Technical Director Zakiuddin and […]
Karachi, October 30, 2012 (PPI-OT): The Central Depository Company of Pakistan Limited achieved a unique milestone recently when securities under its custody crossed one billion mark. The market value of these securities is over Rs. 2.0 trillion, which roughly comes to 21.8 billion dollars, exceeding even the foreign exchange reserve of the country by a […]
Karachi, October 30, 2012 (PPI-OT): Trade and industry has expressed its satisfaction over the peaceful Eid holidays in the province of Sindh as no major incident hampering law and order situation happened in Karachi. In a statement Chief Patron of Korangi Association of Trade and Industry, S M Muneer, Chairman Mohammad Zubair Chhaya, President All […]
Islamabad, October 30, 2012 (PPI-OT): Jazba has announced winners of ‘Game Banao Gey’, a one of a kind mobile game development competition where game developers could submit their super-slick mobile game, and get a chance to win CASH and other fabulous prizes. The innovative drive was launched in collaboration with We R Play. Abdul Aleem […]
Karachi, October 30, 2012 (PPI-OT): State Bank of Pakistan conducted its Reverse Repo Open Market Operation (Injection) in Government of Pakistan Market Treasury Bills and Pakistan Investment Bonds on Oct 30, 2012. Quotations received and result is given below: Quotations Range: 03 – Days (Injection) 9.15 – 8.91% (Injection) Amount Offered Amount Accepted Rate […]
Islamabad, October 30, 2012 (PPI-OT): The Ambassador of Romania, H.E.Mr.Emilian Ion hosted a dinner in honour of Mr.Zafar Bakhtawari on his election as President of Islamabad Chamber of Commerce and Industry (ICCI) at his residence in Islamabad. Various ambassadors including Ambassador of Argentina and Dean of diplomatic corps in Pakistan, H.E.Mr.Rodolfo J. Martin Saravia, Ambassador […]
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