June 24, 2013 - AsiaNet-Pakistan

Archive for June 24th, 2013

AKD Quotidian about — SBP cuts discount rate by 50bps

June 24, 2013 | Brokerage

Karachi, June 24, 2013 (PPI-OT): The SBP has reduced the Discount Rate by 50bps to 9% effective today. In doing so, the central bank has accorded a higher weight to low inflation and depressed private sector credit off take, which together have out weighted BoP concerns. According to AKD Securities in addition, the SBP has […]

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Morning Call about – Monetary Easing: Valuations turn more attractive with correction! – Arif Habib Limited

June 24, 2013 | Brokerage

Karachi, June 24, 2013 (PPI-OT): Policy rate cut on inflation decline, fiscal and external risks remain The State Bank of Pakistan (SBP) while placing more emphasis on inflation decline and slender private sector credit than risks to the balance of payments position cut the policy rate albeit a token 50bps to 9%. According to Arif […]

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Islamabad Stock Exchange Market Statistics Report Monday June 24, 2013

June 24, 2013 | General Business News

Islamabad, June 24, 2013 (PPI-OT): MARKET TREND: Bearish COMPANIES TRADED: TOTAL PLUS MINUS EQUAL 145 16 -129 0 INDEX POSITION: INDEX Opening Closing Change ISE-10 Index: 3974.31 3865.98 (108.33) TOTAL VOLUME: Previous Current Change 18,500 225,000 206.500 VOLUME LEADERS: Company VOLUME of Shares NIB BANK 200,000 Fauji Cement Company 10.000 Lafrage Pakistan Cement 10,000 Top […]

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Pakistan ranks 18th in the production of Halal Meat Market: Zubair Mughal

June 24, 2013 | General Business News

Lahore, June 24, 2013 (PPI-OT): Halal meat market is growing rapidly throughout the world and its demand is increasing day by bay, Pakistan ranked 18th in the production of Halal Meat Market and its volume is only 2.9 % of the global Halal meat production which is very low, These views were expressed by Muhammad […]

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Summary of Balochistan’s Rs198.4billion deficit budget 2013-14

Quetta, June 24, 2013 (PPI-OT): GENERAL ABSTRACT OF REVENUE/CAPITAL RECEIPTS 2013-2014 Object Description Budget Revised Budget Estimates Estimates Estimates 2012-2013 2012-2013 2013-2014 B Tax Revenue 121,200,983,000 118,301,258,354 131,053,035,515 ———– ————— ————— ————— B01 Direct Taxes 45,610,396,000 45,476,556,784 48,397,229,000 ———– ————— ————— ————— B011 Taxes on Income 45,334,676,000 45,334,676,000 48,110,509,000 B013 Property Tax 161,000,000 97,392,877 161,000,000 […]

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Teradata Joins forces with TouchPoint Group to launch Teradata applications in Pakistan

June 24, 2013 | General Business News

Karachi, June 24, 2013 (PPI-OT): Teradata (NYSE: TDC), the leading analytic data platforms, applications and services company, today announced it has signed a reseller agreement with TouchPoint Group, based in Karachi, Pakistan. TouchPoint, a leading ATM hardware and management service provider serving the banking sector, will be a local reseller partner for Teradata in Pakistan, […]

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Karachi Chamber of Commerce and Industry’s President says that during the years, growth and turnaround in Pakistan’s banking sector has been remarkable

June 24, 2013 | Chambers of Commerce, Industries

Karachi, June 24, 2013 (PPI-OT): Karachi Chamber of Commerce and Industry’s President Muhammad Haroon Agar has stated that during the years, growth and turnaround in Pakistan’s banking sector has been remarkable and unprecedented, the profitability of Banks has risen to an exceptional level, credit is fairly diversified and bank-wide system risks are well-contained. Exchanging views […]

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Islamabad Chamber of Commerce and Industry bids farewell to High Commissioner of Kenya

June 24, 2013 | Chambers of Commerce, Industries

Islamabad, June 24, 2013 (PPI-OT): Islamabad Chamber of Commerce and Industry organized a grand ceremony to bid farewell to H.E. Mishi Masika Mwatsahu, outgoing High Commissioner of Kenya. Ambassador of Algeria H.E. Dr. Ahmad Benflis, Ambassador of Tunisia H.E. Mr. Murad Bourehla, Ambassador of Sudan H.E. Mr. Al-Shafie Ahmad Mohamed, Ambassador of Morocco H.E. Mr. […]

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Pak-Qatar General Takaful Insurer Financial Strength rating upgraded to ‘A-‘

June 24, 2013 | General Business News

Karachi, June 24, 2013 (PPI-OT): Pak-Qatar General Takaful Limited IFS (Insurer Financial Strength) rating has been upgraded to ‘A-’ (Single A Minus) from ‘BBB+’ (Triple B Plus) by the JCR-VIS Credit Rating Company Limited. The outlook on the assigned rating has been designated as ‘Stable’. The assigned rating incorporates the ownership structure of PQGTL; comprising […]

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Pakistan Industrial and Traders Association Front condemns terrorist attack on foreign tourists

June 24, 2013 | General Business News, Misc.

Lahore, June 24, 2013 (PPI-OT): Pakistan Industrial and Traders Association Front (PIAF) has strongly condemned terrorist attack on foreign tourists and urged upon the government to focus on law and order situation as it seems that anti-Pakistan elements are active to tarnish the image of country. In a Press Statement issued here Monday, PIAF Acting […]

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The Karachi Stock Exchange Limited’s acquisition of Al-Hamd Foods Limited

Karachi, June 24, 2013 (PPI-OT): Please refer to your letter No. 6.12-KSE/S/FFC dated June 15, 2013 on the subject. You are requested to please communicate us the status of Al-Hamd Foods Limited and the mode of acquisition. Please provide the details about Al-Hamd Foods Limited containing its objects, brief financial/ operational position and its impact […]

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FOCUS group organises workshop for the development of frame work for technical regulator

June 24, 2013 | Misc.

Karachi, June 24, 2013 (PPI-OT): The European Union (EU) funded Trade Related Technical Assistance (TRTA II) programme implemented by United Nations Industrial Development Organization (UNIDO) in association with International Trade Centre (ITC) and World Intellectual Property Organization (WIPO) in Coordination with Pakistan Standards and Quality Control Authority (PSQCA) is organizing an interactive focus group series […]

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