Karachi, April 01, 2013 (PPI-OT): AKD Securities re-initiates coverage on DAWH with a `Buy’ recommendation where AKD Securities SoTP based Dec13 end TP of PkR68/share offers 31% upside from current levels. According to AKD Securities has assumed a 40% holding company discount (HCD) to arrive at out SoTP based TP. …

Lahore, April 01, 2013 (PPI-OT): Warid Telecom, leading the way of innovation in Pakistan’s telecom industry, brings another fascinating service for its customers; “Postpaid To Postpaid Balance Transfer”. This service will allow Warid Telecom’s postpaid customers to share balance with each other. “Postpaid to Postpaid Balance Transfer” service is yet …

Lahore, April 01, 2013 (PPI-OT): Vice President of All Pakistan Paper Merchants Association (APPMA) and founder of kite flying festival Khawaja Nadeem Saeed Wayeen has welcomed the caretaker Chief Minister Najam Sethi’s decision to lift ban on kite flying in Punjab and said that it would go a long way …

Karachi, April 01, 2013 (PPI-OT): The Zonal Chairman of PRGMEA, Shaikh Mohammad Shafiq has said that the FBR’s recently launched software to check claims for bogus refunds and illegal input tax adjustments against fake and flying invoices is full of discrepancies and errors. He said that the Computerized Risk-based Evaluation …

Islamabad, April 01, 2013 (PPI-OT): Business community is pinning high hopes on caretaker government and the Election Commission of Pakistan (ECP) whose decisions are resulting in stability, a leading businessperson said Monday. Rupee is showing signs of stability against the dollar despite repayments to IMF which has not only amazed …

Karachi, April 01, 2013 (PPI-OT): Rates were firm on the cotton market on Friday in the process of thin business due to absence of spinners, dealers said. The official spot rate was unchanged at Rs. 6,900, they said. Rates of seed cotton in Sindh were unchanged at Rs 2,200 and …

Karachi, April 01, 2013 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) has advised the SME exporters to book their export cargoes directly with the shipping lines or their authorized agent companies and if need be only through reputable freight forwarders licensed to act as logistic companies to avoid …