Karachi, April 30, 2013 (PPI-OT): Banking sector IQCYI3 results are predominantly in, where combined NPAT for the Big-6 banks is PkR23.3bn, down 1O%YoY but up by 11%QoQ with banks making up for tighter NIMs through non-funded income and a tighter control on costs. According to AKD Securities broadly speaking, results …

Karachi, April 30, 2013 (PPI-OT): CPI expected to be as low as 5.39% in Apr’13 Apr’13 CPI inflation is expected to clock in at 5.39% YoY (compared to 6.57% YoY last month), marking a new low since Jul’07. According to Arif Habib Limited on monthly basis, the headline is projected …

Karachi, April 30, 2013 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL), country’s largest integrated telecommunications company has brought an exciting new offer for its 1 Mbps student package customers. Now students can experience higher speeds of 2Mbps without any additional charges. This new offer will be valid till 30 June 2013, …

Lahore, April 30, 2013 (PPI-OT): Porsche today announced the latest range of second generation Porsche Panameras for the Pakistan market. The Porsche Panamera S E-Hybrid, Porsche Panamera 4S, and Panamera Turbo will all be available in Pakistan in both standard and Executive classes. The cars are available for order as …

Karachi, April 30, 2013 (PPI-OT): Standard Chartered Bank (Pakistan) Limited announced its Q1 2013 results. The Bank continues to build on the business momentum despite challenging economic and external environment. The quarterly profit of the bank (after tax) is PKR 1.39 billion in the first quarter of 2013 compared to …

Karachi, April 30, 2013 (PPI-OT): Habib Bank Limited (HBL), Pakistan’s largest bank, launched its branchless banking service ‘HBL Express’. Mr. Kazi Abdul Muktadir, Acting Governor State Bank of Pakistan and Mr. Nauman Dar, President and CEO, HBL were present at the launch. Speaking on the occasion Mr. Nauman Dar said, …

Lahore, April 30, 2013 (PPI-OT): ZONG, country’s fastest growing telecom operator, has launched a brand new postpaid service named BizXcess. The service provides its subscriber a simple communication and connectivity solution through which they can enjoy the best value for money and the right fit for their needs. BizXcess is …