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Karachi, October 20, 2016 (PPI-OT): KAPCO: 1QFY17 Result Review KAPCO posted 1QFY17 NPAT of PkR2.32bn (EPS: PkR2.63) higher by 10%YoY, but below IGI Securities Limited’s estimates on account of lower load factor in the month of September. Margins for the quarter rested higher than IGI Securities Limited ‘s estimates, at an all time high GM/OM ...

Karachi, October 19, 2016 (PPI-OT): POL: Earnings Meet Estimates Pakistan Oilfields Limited (POL) just announced its earnings for 1QFY17 at PKR9.8/sh up 65% YoY and 51% sequentially, broadly in-line with Elixir Securities Limited’s estimates of PKR9.6/sh. Variation in earnings emanate from lower than estimated gross profit on account of lower sales which is likely attributable ...

Karachi, October 19, 2016 (PPI-OT): EFOODS: 3Q2016 EPS stood at Rs0.83, up 2% YoY Engro Foods (EFOODS) announced 3Q2016 results today, where the company posted earnings of Rs633mn (EPS Rs0.83), up 2% YoY; while gross margins clocked in at 21% (-57bps YoY, -6ppt QoQ). Cumulatively, 9M2016 earnings posted flat growth, clocking in at Rs2.60bn (EPS ...

The United Nations says the war in Afghan has caused more than 8,000 civilian casualties, including nearly 2,600 deaths, in the first nine months of 2016.The U.N. Assistance Mission in Afghanistan, UNAMA, while releasing the casualty toll Wednesday, re...

Karachi, October 17, 2016 (PPI-OT): KSE100 – Aiming New Highs The bench mark KSE100 Index was previously trading inside a rising wedge consolidation pattern visible on its weekly time frame before making a break higher. Sustained progression above 41,250 in the following week would indicate that buyers are taking control of price Action and that ...

Pakistan has connected its new, largely Chinese-built nuclear reactor to the national grid as part of broader plans to overcome long-running crippling power shortages.The facility is located at Chashma, a town in the central province of Punjab, where C...

Pakistan has lifted a travel ban imposed on a leading journalist for reporting that civilian officials had argued with the country's powerful military over its alleged covert support for militants.An official memorandum issued by the Interior Ministry ...