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Karachi, January 28, 2013 (PPI-OT): LOTPTA has announced its CY12 results today. On a consolidated basis, the company managed to breakeven, posting a slight profit of PKR 0.79 million compared with NPAT of PKR 4,178 (EPS: PKR 2.76) in CY11. According to AKD Securities, in 4QCY12, LOIPTA recorded consolidated NPAT …
Read More »Daily Archives: January 28, 2013
Forex reserves declined by USD 77 million in a week – Alfalah Securities Limited
Karachi, January 28, 2013 (PPI-OT): The country’s forex reserves witnessed a decline of USD 77.0 million during last week where the total liquid foreign exchange reserves held by the country have lowered to USD 13.705 billion on January 18, 2013 as compared to USD 13.782 billion as on January 11, …
Read More »SNGP to partially restore gas supply to textiles – Alfalah Securities Limited
Karachi, January 28, 2013 (PPI-OT): Sui Northern Gas Pipelines Ltd. (SNGP) is reported to have agreed to restore 25% gas supply to the textile industry with effect from February 1, 2013. According to Alfalah Securities Limited, the gas supply was suspended since December 5, 2012 while electricity supply was also …
Read More »Banking spreads fall to 6.54% in Dec – Alfalah Securities Limited
Karachi, January 28, 2013 (PPI-OT): Banking spreads declined to a low of 6.54% during December 2012 depicting a drop of 83 bps as against 7.37% in January 2012, mainly contributed by decline in discount rate by the Central Bank of Pakistan. According to Alfalah Securities Limited, the average spreads during …
Read More »State Bank of Pakistan conduct Open Market Operations Result
Karachi, January 28, 2013 (PPI-OT): State Bank of Pakistan conducted its Open Market Operations i.e.; Sale of Government of Pakistan Market Treasury Bills/Pakistan Investment Bonds to State Bank of Pakistan through Reverse Repo OMO (Injection) contract on January 28, 2013. Quotes received and accepted are given below: A: OMO BIDS …
Read More »US$18 million grant for rehabilitation of Khyber Pakhtunkhwa’s southern districts
Islamabad, January 28, 2013 (PPI-OT): The Khyber Pakhtunkhwa (KP), Federally Administered Tribal Areas (FATA) and Balochistan Multi Donor Trust Fund (MDTF) announced today the approval of a USD 18 million grant for the KP Southern Area Development Project. The three-year Project will strengthen the capacity of the poor to improve …
Read More »Deal for advancement of Islamic microfinance signed between AlHuda Centre of Islamic Banking and Economics and Vision Fund AzerCredit
Baku, January 28, 2013 (PPI-OT): An agreement for the advancement of Islamic microfinance was signed between AlHuda Centre of Islamic Banking and Economics and Vision Fund AzerCredit in a splendid ceremony at the capital of Azerbaijan, Baku. According to the agreement, AlHuda CIBE will conduct market research in different cities …
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