Karachi: The Liquefied Petroleum Gas (LPG) policy is expected to be finalized by the Economic Coordination Committee (ECC) on Tuesday. According to Alfalah Securities, Limited Imposition of 10% of Petroleum Development Levy (PDL) is likely on LPG produced through gas processing which constitutes 58% of the total LPG production of …
Read More »Abandoned oil depots of PSO to re-open
Karachi: The decision has been taken by the government to re-open the 4 abandoned oil storage depots of PSO that were closed in July 2008 in order to save PKR0.20 per litre of Inland Freight Equalization Margin (IFEM). These depots are located in Faqirabad, Kotla Jam, Sahiwal and Shershah areas. …
Read More »AKD Quotidian about — ENGRO: 1HCY11 Analyst Briefing Update
Karachi: ENGRO held its analyst briefing yesterday to discuss the performance of its subsidiaries in 1HCY11 along with the business outlook. According to AKD Securities, ENGRO earnings for 1HCY11 were flat at PkR3,381mn (EPS PkR8.60) while NPAT for 2QCY11 was lower by 35%QoQ to PkR1 ,327mn (EPS PkR3.37) largely due …
Read More »AKD Quotidian about — MTL: FY11 Result Preview
Karachi: The Board of Directors of Millat Tractors Limited (MIL) is scheduled to consider its full year FY11 financial results tomorrow (August 16,12). According to AKD Securities expects the company to report NPAT of PkR2.5bn in the review period against NPAT of PkR23bn in the previous year, a growth of …
Read More »Discovery of gas reserves in Sindh
Karachi: Reserves of over 100tcf of shale gas have been discovered in different parts of Sindh and work has been initiated in Hala, district Matiari. According to Alfalah Securities Limited, The discovery of gas reserves bodes well for the country as it faces acute shortage of gas rising and is …
Read More »Another 12% raise in power tariff on cards
Karachi: The govt. intends to raise power tariff by another 12% in phases in which 2% is to be increased after every two months in order to generate funds to meet the circular debt crises. The repeated hike in electricity charges has burdened those consumers who have been settling their …
Read More »Thar Coal gasification projects get PkR 789.4mn released – Alfalah Securities Limited
Karachi: An amount of PkR 789.4 mn has been released for the underground coal gasification projects of Thar Coal up to June 2011. According to Alfalah Securities Limited, remaining PkR 195.6 mn would also be provided in FY12 for completion of two projects including creation of new processing facilities for …
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