June 4, 2013 - AsiaNet-Pakistan

Archive for June 4th, 2013

The Bell about – FCCL: Downgrade to hold on strong price performance – Elixir Securities Limited

June 4, 2013 | Brokerage

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: PKR0.49), up 1.6x YoY. Strong […]

Read More

AKD Quotidian about — CPI has likely bottomed out

June 4, 2013 | Brokerage

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, Core (trimmed mean) inflation has […]

Read More

Businessmen urge that for continuity of congenial atmosphere between centre and Sindh Dr. Ishrat Ul Ebad Khan should continue as Governor Sindh

June 4, 2013 | General Business News

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. They said that Dr. Ishrat […]

Read More

Back in 1,400 range; relief for those long in gold

June 4, 2013 | General Business News

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 events. Stock indexes have a […]

Read More

Bilal Mustafa appointed as President of KASB Bank Limited

June 4, 2013 | General Business News

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 for Habib Bank, Allied Bank, […]

Read More

Pakistan’s future is bright as country has abundance of human and natural resources: Minister

June 4, 2013 | Misc.

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 resources for the well being […]

Read More

Air Chief Marshal Tahir Rafique Butt visits Training Base of Southern Air Command

June 4, 2013 | Government Institutions

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 visited work centres, technical labs […]

Read More

Chief Minister Sindh Syed Qaim Ali Shah pays surprise visit of Sindh Secretariat, warns strict action against absentees

June 4, 2013 | Government Institutions

Karachi, June 04, 2013 (PPI-OT): The Chief Minister Sindh Syed Qaim Ali Shah paid a surprise visit of Sindh Secretariat and Tughliq House on Tuesday Morning. He visited different sections of New Sindh Secretariat including Food, Works and Services, Health departments and Chief Secretary Office. During the visit of Chief Minister Sindh Secretaries of Food […]

Read More

Qaim Ali Shah presides over law and order meeting

June 4, 2013 | Government Institutions

Karachi, June 04, 2013 (PPI-OT): The Chief Minister Sindh Syed Qaim Ali Shah has stressed upon the Senior Police Officers to work with enthusiasm and spirit to control Law and Order in Province with special focus on Karachi. This he said while presiding Law and Order meeting at C.M House on Tuesday. He said that […]

Read More

Islamabad Chamber of Commerce and Industry for Developing National Agenda to Cope with Terrorism and Energy Crisis

Islamabad, June 04, 2013 (PPI-OT): Terrorism and acute energy crisis have emerged as the biggest challenges of Pakistan that have crippled the national economy and all political parties should develop a national agenda through consensus to address these burning issues to bring peace and turn around the economy. This was stated by Mr. Zafar Bakhtawari, […]

Read More

Pakistan all out for boosting regional trade

Karachi, June 04, 2013 (PPI-OT): The 4th South Asia-Sichuan Business Promotion Roundtable Conference in Chengdu commenced on Tuesday with the keynote speakers President FPCCI Zubair Ahmed Malik and Patron In-Chief Pak-China Business Council, Tariq Sayeed were of the opinion that the Sichuan Forum has given the new dimensions to the promotion of regional trade in […]

Read More

Pakistan re-elected as member of United Nations Committee on Elimination of Racial Discrimination

June 4, 2013 | Government Institutions

Islamabad, June 04, 2013 (PPI-OT): Pakistan today was re-elected as member of the United Nations Committee on the Elimination of Racial Discrimination (CERD) at the twenty-fifth meeting of States Parties of the International Convention on the Elimination of All Forms of Racial Discrimination, in New York. Pakistan’s candidate was Ambassador Anwar Kemal. He secured 128 […]

Read More