Karachi, January 29, 2013 (PPI-OT): Pakistan Oilfields Ltd. (POL) has reported profit after tax of PkRs 5.7 bn (EPS: PkRs 23.94) in 1HFY13 as compared to PkRs 6.2 bn during the same period last year, depicting a decline of 8.2%YoY. According to Alfalah Securities Limited, net sales declined by 5%YoY …
Read More »Bank Alfalah and Warid to develop branchless banking – Alfalah Securities Limited
Karachi, January 29, 2013 (PPI-OT): Bank Alfalah Ltd. (BAFL), and Warid Telecom have decided to work together for setting up branchless banking services in Pakistan. According to Alfalah Securities Limited, the technological support for this purpose would be provided by Monet and the pilot testing launch is currently underway which …
Read More »SBP injected PkRs 690bn in banking system – Alfalah Securities Limited
Karachi, January 29, 2013 (PPI-OT): State Bank of Pakistan (SBP) has injected PkRs 690 bn in the banking system on Monday to meet the liquidity requirement of the banks through its reserve repo open market operation in the Treasury Bills and Pakistan Investment Bonds for four days against the offered …
Read More »AKD Quotidian about — LOTPTA CY12 Result Review – Above Line!
Karachi, January 28, 2013 (PPI-OT): LOTPTA has announced its CY12 results today. On a consolidated basis, the company managed to breakeven, posting a slight profit of PKR 0.79 million compared with NPAT of PKR 4,178 (EPS: PKR 2.76) in CY11. According to AKD Securities, in 4QCY12, LOIPTA recorded consolidated NPAT …
Read More »Forex reserves declined by USD 77 million in a week – Alfalah Securities Limited
Karachi, January 28, 2013 (PPI-OT): The country’s forex reserves witnessed a decline of USD 77.0 million during last week where the total liquid foreign exchange reserves held by the country have lowered to USD 13.705 billion on January 18, 2013 as compared to USD 13.782 billion as on January 11, …
Read More »SNGP to partially restore gas supply to textiles – Alfalah Securities Limited
Karachi, January 28, 2013 (PPI-OT): Sui Northern Gas Pipelines Ltd. (SNGP) is reported to have agreed to restore 25% gas supply to the textile industry with effect from February 1, 2013. According to Alfalah Securities Limited, the gas supply was suspended since December 5, 2012 while electricity supply was also …
Read More »Banking spreads fall to 6.54% in Dec – Alfalah Securities Limited
Karachi, January 28, 2013 (PPI-OT): Banking spreads declined to a low of 6.54% during December 2012 depicting a drop of 83 bps as against 7.37% in January 2012, mainly contributed by decline in discount rate by the Central Bank of Pakistan. According to Alfalah Securities Limited, the average spreads during …
Read More »