Karachi, February 06, 2014 (PPI-OT): Domestic debt crosses Rs 10 trillion mark According to MR Securities, The federal government’s domestic debt and liabilities continued to surge on the back of massive borrowing for reducing fiscal deficit, reaching Rs 10 trillion at the end of first half of this fiscal year. Analysts said government has taken ...

Karachi, February 06, 2014 (PPI-OT): Allied Bank Limited | EPS Rs 10.46 & cum. DPS Rs 5.75 for CY13 – undervalued as against MCB The board meeting of Allied Bank Limited (ABL) is scheduled on 11th Feb 2014 to announce financial results for CY13. According to Standard Capital, they see earnings to decrease by 6.6% ...

Karachi, February 06, 2014 (PPI-OT): Cement dispatches for Jan14 increased by 2.6%YoY to clock In at 2.73mn tons. According to AKD Securities, growth was largely led by a sharp 26.1%YoY increase in exports via sea resulting in an overall Increase in exports of 7.6%YoY to clock in at 563k tons. Growth In local dispatches on ...

Karachi, February 06, 2014 (PPI-OT): Karachi: Movenpick Hotels and Resorts today announced and unveiled a major renovation and refurbishment plan for the Karachi property which was reflagged as Movenpick Hotel Karachi on January 1, 2014. The announcement was made at a press conference addressed by Mr. Andreas Matmüller, Chief Operating Officer, Middle East and Asia, ...

Karachi, February 06, 2014 (PPI-OT): Due to sheer negligence of Karachi Water and Sewerage Board (KWSB), a huge amount of Rs44 million is feared to go down the drains besides a fearing of many industries to shut down for want of water in Korangi Industrial Area. Pakistan Tanners Association (S.Z) extremely condemned the pathetic attitude ...

Islamabad, February 06, 2014 (PPI-OT): Marking a milestone in U.S. support to Pakistan’s energy sector, U.S. Consul General Nina Maria Fite inaugurated the Power Distribution Control Center at the Lahore Electric Supply Company (LESCO). The LESCO center was established with support from the U.S. Agency for International Development (USAID) and will enable LESCO to monitor ...

Lahore, February 06, 2014 (PPI-OT): Microsoft Pakistan held an exclusive event for Pakistani corporate customers in the presence of Worldwide CTO for Lync, Aamer Kaleem at the Pearl Continental Hotel, Karachi. Aamer Kaleem travelled all the way from Seattle to engage with Pakistani customers- a growing market which Microsoft is keenly interested in. The discussion ...