2015 April : AsiaNet-Pakistan

Archive for April, 2015

State Bank of Pakistan rates for conversion of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special United States Dollar Bonds and profit thereon April 30, 2015

April 30, 2015 | Financial Services

Karachi, April 30, 2015 (PPI-OT): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, and Special U.S Dollar Bonds and profit thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E-25 deposits) by the State Bank on May …

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Samsung delights fans with “Avengers” Merchandise

April 30, 2015 | General Business News

Lahore, April 30, 2015 (PPI-OT): Samsung Pakistan Ltd. has launched an exciting campaign in collaboration with ‘MARVEL’, whereby every buyer of Samsung Galaxy A, Galaxy Note-Edge, Galaxy S6 and S6-Edge devices, will get a FREE T-Shirt, highlighting the thrilling characters of the ‘Avengers’ series. Samsung fans who purchase Galaxy A3 or A5 smart-phones will receive …

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SMEDA-UNIDO workshop on credit guarantee scheme for SMEs

April 30, 2015 | General Business News

Lahore, April 30, 2015 (PPI-OT): Formal lending for SMEs in Pakistan is much less than the actual requirement, which is hindering rapid growth of SMEs in the country. It was stated by Mr. Muhammad Alamgir Chaudhry, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA) while addressing a consultative workshop jointly organized …

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Online loan calculator now available for house-hunters – Lamudi.pk partners with Dubai Islamic Bank to launch loan calculator

April 30, 2015 | General Business News

Lahore, April 30, 2015 (PPI-OT): Pakistan’s best real estate website Lamudi Pakistan is now offering a loan calculator to help property-seekers with home financing. Lamudi has collaborated with Dubai Islamic Bank Private Limited (DIBPL) to help customers calculate the cost of a mortgage. Homebuyers can access the calculator by visiting the Lamudi.pk website and choosing …

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Continued closure bring CNG industry to knees in Punjab

April 30, 2015 | General Business News

Rawalpindi, April 30, 2015 (PPI-OT): Leader of the CNG sector Ghiyas Abdullah Paracha on Thursday said Punjab CNG stations have been kept closed since six months bankrupting many operators and bringing industry to its knees. Government has promised to resume supply of natural gas to CNG industry on March 15 but it proved to be …

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PHD Pakistan wins Unilever’s Digital Business

April 30, 2015 | General Business News

Karachi, April 30, 2015 (PPI-OT): PHD Pakistan has successfully taken on the digital marketing duties for Unilever Pakistan after a highly fought pitch process spanning from November 2014. PHD Pakistan was awarded the Digital contract for their Home Care and Personal Care segments which consists of 10 brands including Surf Excel, Fair and Lovely, Ponds …

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Adam Securities Limited – Market Wrap

April 30, 2015 | Brokerage

Karachi, April 30, 2015 (PPI-OT): Market Summary Bulls back at local bourse after two back to back bearish sessions. Investors raised their eyebrows after consistent foreign buying as they have bought $15.98 worth of stocks during the week so far. Fundamentally strong companies of Fertilizer, Automobile Assembler and Cement sector remained in the limelight. At …

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Short-term and Adhoc measures have damaged trust of tax payers: Naeem Akhtar Sheikh

April 30, 2015 | General Business News

Lahore, April 30, 2015 (PPI-OT): Taxation policy is the fundamental part of the overall economic policy and planning of the country. The Institute of Chartered Accountants of Pakistan (ICAP) has always advocated for development of tax culture, documentation of the economic activities, strengthening of Tax Revenue Authority and Medium to long term tax planning. Recourse …

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Karachi Stock Exchange Board meeting held regarding ACE Securities

April 30, 2015 | General Business News

Karachi, April 30, 2015 (PPI-OT): The Board of Directors of the Karachi Stock Exchange Limited in its meeting held on April 30, 2015, directed that all necessary steps be taken to protect investor interest. In the specific case of ACE Securities Limited the Board directed the management of KSE to determine shortfall of investors and …

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Association of Builders and Developers demands that rate of taxes and prices of building materials should be reduced in order to provide support for development of construction sector

April 30, 2015 | General Business News

Karachi, April 30, 2015 (PPI-OT): Association of Builders and Developers of Pakistan has demanded that the rate of taxes and prices of building materials should reasonably be reduced in order to provide support to for the development of the construction sector. In an important press conference held at ABAD House on Thursday, this was stated …

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AKD Securities Limited – KEL: Electrifying returns yet to be priced in!

April 30, 2015 | Brokerage

Karachi, April 30, 2015 (PPI-OT): Pakistan’s largest vertically integrated electric utility continues on a growth trajectory, despite. Growth is predominantly underpinned by: 1) persistent reduction in T and D losses (currently at 23.8%, ~2% cut p.a. down from 36% in FY09), 2 substantial governance turnaround, 3) improved fleet efficiency and 4) enhanced transmission infrastructure. With …

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JCR-VIS assigns Positive Outlook to FINCA Microfinance Bank Limited

April 30, 2015 | General Business News

Karachi, April 30, 2015 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of FINCA Microfinance Bank Limited (FINCA MFB) at ‘A-/A-2’ (Single A Minus/A-Two). Outlook on the assigned ratings has been revised from ‘Stable’ to ‘Positive’. The previous rating action was announced on April 30, 2014. The ratings take into account …

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