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Karachi, June 04, 2013 (PPI-OT): Stellar earnings in 9MFY13: Fauji Cement Company Limited (FCCL) posted profit of PKR1,570mn (EPS: PKR1.18) for 9MFY13, up 10x YoY . According to Elixir Securities Limited sharp increase in profitability was attributable to 1.0x higher EBITDA margin during 9MFY13. Profit for 3QFY13 was PKR647mn (EPS: …
Read More »Daily Archives: June 4, 2013
AKD Quotidian about — CPI has likely bottomed out
Karachi, June 04, 2013 (PPI-OT): CPI for May’13 has clocked in at 5.13%YoY/O.51%MoM, inline with AKD Securities 5%YoY forecast. According to AKD Securities the sequential uptick has largely emanated from food inflation (+1.2%M0M with a 6.3%MoM increase in perishable food items) and clothing and footwear (+O.8%M0M). At the same time, …
Read More »Businessmen urge that for continuity of congenial atmosphere between centre and Sindh Dr. Ishrat Ul Ebad Khan should continue as Governor Sindh
Karachi, June 04, 2013 (PPI-OT): The Patron-in-Chief KATI S.M.Muneer, Chairman Mohammad Zubair Chhaya, President All Karachi Industrial Alliance, Mian Zahid Hussain, Vice Chairmen Najmul Arfeen and Niaz Ahmed urged that for the continuity of congenial atmosphere between centre and Sindh Dr. Ishrat Ul Ebad Khan should continue as Governor Sindh. …
Read More »Back in 1,400 range; relief for those long in gold
Karachi, June 04, 2013 (PPI-OT): Back in the 1,400 range. A relief for those long in gold. The past few days have shown an upward trend, although steady and with less volatility. The question remains if the trend can stay for long? One can’t say much with the spectrum of …
Read More »Bilal Mustafa appointed as President of KASB Bank Limited
Karachi, June 04, 2013 (PPI-OT): The Board of Directors of KASB Bank Limited, with the approval of State Bank of Pakistan, has appointed Mr. Bilal Mustafa as President and CEO of the bank. Mr. Mustafa is a seasoned banker with over 38 years of diversified experience working in key positions …
Read More »Pakistan’s future is bright as country has abundance of human and natural resources: Minister
Islamabad, June 04, 2013 (PPI-OT): Federal Minister for Petroleum and Natural Resources Sohail Wajahat Hussain Siddiqui has said that Pakistan future is bright as there is a huge potential of Human and Natural Resources in the country. It depends upon us how and when we are able to capitalize these …
Read More »Air Chief Marshal Tahir Rafique Butt visits Training Base of Southern Air Command
Karachi, June 04, 2013 (PPI-OT): Air Chief Marshal Tahir Rafique Butt, Chief of the Air Staff, Pakistan Air Force visited a Training Base of Southern Air Command to inspect training facilities, capabilities and functioning of training units. During his visit, he interacted with airmen and civilians of the Base. He …
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