Karachi, January 16, 2013 (PPI-OT): The Searle Company: Re-rating needed ~ presents the case of 14% earnings growth – BUY Synopsis Extending Standard Capital’s coverage in relation to lowest PE companies, Standard Capital see SEARL is one which is price play and hence relegated at FY13 PE of 3.7x and …

Karachi, January 16, 2013 (PPI-OT): Following a steep escalation in political noise, the KSE-100 Index shed 525 points or 3.16% yesterday (with an intraday loss of 3.65%) to close at 16,107.89 points, its lowest level since Nov 6’12. While valuations (forward P/E: 6.95x, D/Y: 7.95%) are attractive, considerable political uncertainty …

Karachi, January 16, 2013 (PPI-OT): Politics in the market-driving seat! Shocked would be shocked more often! Pakistan’s twisting politics has yet again proved to be the catalyst to the benchmark KSE-100’s erratic movement setting record attritions in consecutive days of very first month of 2013. According to Arif Habib Limited, …

Karachi, January 16, 2013 (PPI-OT): The upcoming Trade Policy for three years must have rescue measures for the readymade garments industry which is the biggest foreign exchange earner in the country, said Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Sajid Saleem Minhas in an appeal to the federal …

Lahore, January 16, 2013 (PPI-OT): Etihad Airways, the national airline of the United Arab Emirates, will launch daily flights between Abu Dhabi and Amsterdam, the capital of the Netherlands. The new EY77 and EY78 services will begin on Wednesday 15 May 2013 and carry the KL code of Dutch national …

Karachi, January 16, 2013 (PPI-OT): Law and order in Korangi Industrial Area (KIA) would be strengthened further with the coordination of Korangi Association of Trade and Industry (KATI) and assisting it in the CPLC Neighbourhood Care projects, this was stated by DIG East, Aleem Jaffary who called on Chairman and …

Karachi, January 16, 2013 (PPI-OT): Bank Alfalah Limited (BAFL), one of Pakistan’s top-tier banks, owned and operated by the Abu Dhabi Group has recently signed an agreement with Union Pay International (UPI) to accept UnionPay cards in Pakistan. This unique, landmark partnership is a major milestone for both companies and …