Karachi, February 28, 2013 (PPI-OT): Following strong 29%VoY growth in CY12, AKD Securities increases Elixir Securities Limited EPS estimates for UBL by -4% on average across Elixir Securities Limited forecasts horizon and rollover Elixir Securities Limited models for a revised target price of PKRI12.5lshare, up from PKR100/share previously. According to …

Karachi, February 28, 2013 (PPI-OT): United Bank Ltd (UBL) is the third largest bank in Pakistan with a deposit base of PKR700bn. The bank is gearing up its deposit mobilization efforts with the addition of 155 new branches in the last two years, which reflects a 14% expansion in branch …

Karachi, February 28, 2013 (PPI-OT): With Hub Power Company Limited (HUBC) announcing its 2QFY13 financial result yesterday, Arif Habib IPP universe has concluded its result period. According to Arif Habib Limited an analysis of collective result reveals a 16% QoQ decline in the revenue. Nishat group power companies reported an …

Karachi, February 28, 2013 (PPI-OT): TUSDEC (Technology Up gradation and Skill Development Company) has conducted a baseline assessment in Gujrat to probe the fan industrial cluster of Pakistan. The research has been conducted in collaboration with Pakistan Electric Fan Manufacturers Association (PEFMA) and Fan Development Institute (FDI). Over the past …

Islamabad, February 28, 2013 (PPI-OT): Pakistani Entrepreneurs could benefit from Kyrgyzstan’s liberal business laws and pitched Kyrgyzstan as way to access Russian and European markets. These remarks were made by Mr.Kuban Tokturbaez, Charge D’Affairs, Embassy of Kyrgyzstan in Pakistan during a meeting with Mr.Zafar Bakhtawari, President Islamabad Chamber of Commerce …

Karachi, February 28, 2013 (PPI-OT): Firm conditions have persisted on the local raw cotton market, in face of a tight local supply position. Premium quality lint has continued to command prices around Rs. 6,300/6,600 per maund (78.25/82.00 US cents per lb). Import business has been subdued, as buyers have baulked …

Karachi, February 28, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on February 28, 2013 at 11:00 hours at the registered office, No. 50, Street no. 60, F-11/4 Islamabad, recommended the following: 1. Cash Dividend                                     NIL 2. Bonus Shares                                      …