2013 April : AsiaNet-Pakistan

Archive for April, 2013

AKD Quotidian about — Banks: 1QCY13 results highlight underlying strengths

April 30, 2013 | Brokerage

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 for MCB, UBL and ABL […]

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Morning Call about – 1) April CPI to be 5.4% 2) MEBL to post 7% YoY decline in earnings – Arif Habib Limited

April 30, 2013 | Brokerage

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 to post a 0.7% rise. […]

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Pakistan Telecommunication Company offers double speeds for broadband student package customers

April 30, 2013 | Telecommunication

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, while standard 2 Mbps tariff […]

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Porsche unveils latest Panamera models for Pakistani market

April 30, 2013 | General Business News

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 of now, with the first […]

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Standard Chartered Bank (Pakistan) Limited continues to build business momentum

April 30, 2013 | General Business News

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 PKR 1.55 billion in the […]

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Habib Bank Limited Launches branchless banking ‘Habib Bank Limited Express’

April 30, 2013 | Financial Services

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, “HBL Express is another step […]

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ZONG launches post-paid service named BizXcess

April 30, 2013 | Telecommunication

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 suitable for individuals seeking convenience […]

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Fasihul Karim Siddiqi elected to represent the South, Central and North East Asian Networks

April 30, 2013 | General Business News

Karachi, April 30, 2013 (PPI-OT): Mr. Fasihul Karim Siddiqi, Secretary Global Compact Network Pakistan and Member Managing Committee /Board of Directors Employers Federation of Pakistan has been unanimously elected to represent the South, Central and North East Asian Networks as member of the seven member UNGC Local Networks Advisory Group formed to coordinate over 100 […]

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Burnt victim Rubina Noor’s wedding by Depilex Smileagain and Geo Tv

April 30, 2013 | General Business News

Lahore, April 30, 2013 (PPI-OT): Having a humble background, Rubina Noor belongs to a Bengali immigrant family settled in Karachi. Her father is an ‘Imam’ in the local community mosque. Following the traditions she was married to a local boy at an early age. The husband turned out to be a greedy fellow and continued […]

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JCR-VIS Reaffirms Entity Ratings of Khushhali Bank Limited at A/A-1

April 30, 2013 | General Business News

Karachi, April 30, 2013 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Khushhali Bank Limited (KBL) at ‘A/A-1’ (Single A/A-One) with a ‘Stable’ Outlook. In June 2012, a consortium led by United Bank Limited (UBL) and comprising four global funds acquired 67.4% equity stake in KBL. Post acquisition, UBL owns […]

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National Flag Carrier will acquire twelve Medium range aircrafts in Pakistan International Airlines fleet

April 30, 2013 | Government Institutions

Karachi, April 30, 2013 (PPI-OT): The National Flag Carrier will soon acquire twelve Medium range aircraft in PIA fleet. This was stated by Chairman PIA, Lt. General (Retd.) Asif Yasin Mailk at PIA’s two- day Global Marketing Conference which concluded on Tuesday. Chairman PIA said that all employees have to work collectively for the betterment […]

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Ambassador of Tajikistan calls upon Minister for Petroleum and Natural Resources

April 30, 2013 | Misc.

Islamabad, April 30, 2013 (PPI-OT): Ambassador of Tajikistan, Mr. Sher Ali S. Jononov called upon Mr. Sohail Wajahat Siddiqui, Minister for Petroleum and Natural Resources and discussed issues related to Energy and Power sector. Collaboration in Energy sector of Pakistan was the main concern. 2. Tajikistan is the major player in the Oil sector with […]

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