Karachi, December 12, 2012 (PPI-OT): As is with the famous saying “May you live in interesting times”, these are definitely interesting times for the global cotton prices scenario as despite a bumper global cotton crop in FY12 and EU slowdown, prices have surprisingly held up, primarily due to aggressive Chinese …
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Morning Call about Gas prices revision on the card – Arif Habib Limited
Karachi, December 12, 2012 (PPI-OT): Impact on inflation and major sectors Gas Prices hike: Inflation to inch up a bit OGRA recently suggested an increase in the gas tariff for industries, including fertilizers, power houses, cements, CNG and the domestic customers to be effective from January 1, 2013. According to …
Read More »SBP to announce monetary policy on Friday – Alfalah Securities Limited
Karachi, December 12, 2012 (PPI-OT): State Bank of Pakistan (SBP) is reported to announce the monetary policy statement on December 14, Friday. According to Alfalah Securities Limited, the November CPI inflation is well below the discount rate of 10.0% which provides ample room for a significant rate cut which may …
Read More »Pakistan Soap Manufacturers concerned over strike by Goods Transporters
Karachi, December 12, 2012 (PPI-OT): In a press release Mr. Usman Ahmed, Senior Vice Chairman of Pakistan Soap Manufacturers (PSMA) has expressed serious concerns over strike by Goods Transporters. The strike is being observed over lack of security and load limits set by the motorway police along with the fines …
Read More »DAWH pulls out of sale of DHCL to Pak Arab Fertilizer – Alfalah Securities Limited
Karachi, December 12, 2012 (PPI-OT): The management of Dawood Hercules has pulled out of the sale deal of Dawood Hercules Fertilizers Ltd. (DHCL) to Pak Arab Fertilizers Ltd. According to Alfalah Securities Limited, in this regard, an initial Memorandum of Understanding (MoU) was signed between DHCL and Pak Arab for …
Read More »Execution of Pakistani citizen Altaf Hussein Hati in Saudi Arabia
Paris, December 12, 2012 (PPI-OT): “France condemns the execution on December 9 in Saudi Arabia of Pakistani citizen Altaf Hussein Hati. As Laurent Fabius, Minister of Foreign Affairs, reaffirmed at the launch of the campaign for the universal abolition of the death penalty, France expresses its firm and constant opposition …
Read More »Richard Olson calls on Qaim Ali Shah
Karachi, December 12, 2012 (PPI-OT): US Ambassador in Pakistan Mr. Richard Olson today called on Chief Minister Sindh Syed Qaim Ali Shah at CM House. He was accompanied by US Consul General Karachi Mr. Michael Dodman, Staff Assistant Mr. Tom Niblock and Political officer Ms. Keish Tom , Principal Secretary …
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