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Karachi, January 02, 2014 (PPI-OT): Government approves huge raise in GIDS According to MR Securities, The government has reportedly accorded approval to considerably raise Gas Infrastructure Development Surcharge (GIDS) designed to yield 0.4 percent of Gross Domestic Product as agreed with International Monetary Fund (IMF) in the Letter of Intent, well-informed sources revealed to Business ...

Karachi, January 02, 2014 (PPI-OT): Engro Fertilizer raised urea prices As per latest update available to us, Engro Corporation is stated to have raised urea prices by 178/bag effective from 2nd January. According to Standard Capital, this price is increased due to passing on the additional GIDS to the customers. Standard Capital is also hearing ...

Karachi, January 02, 2014 (PPI-OT): In line with its agreement with the International Monetary Fund (IMF), the GoP has raised Gas Infrastructure Development Charge (GIDC) on gas input (excluding domestic consumers). According to AKD Securities, in this regard, GIDC on fertilizer feedstock has increased by PkR103/mmbtu to stand at PkR300/mmbtu with fuel GIDC rising by ...

Karachi, January 01, 2014 (PPI-OT): Faysal Bank – Satiating PBV of 0.52x | CY14PE7.5x Core triggers In the wake of increased minimum deposit rates by SBP @6% and then linking it to repo rate, Standard Capital sees challenges for medium sized banks such as FABL. According to Standard Capital, however, starting from 1HCY13, Standard Capital ...

Karachi, January 01, 2014 (PPI-OT): The KSE-100 Index gained 3.9% in Dec’13, bringing full-year CY13 returns to a robust 49.4% (US$ adjusted: 41%). According to AKD Securities, with sentiments buoyed by the first ever democratic transition in Pakistan’s history, investors shrugged off macro weakness to focus on the cheap valuation multiples, driving the market’s P/E ...

Karachi, January 01, 2014 (PPI-OT): FCCL: Positives overplayed; downgrade to Sell According to Elixir Securities Limited, Cements have rallied due to cement price hikes and expectations of better volumes Cement sector has outperformed the benchmark index by 6pp during Dec-13 owing to increase in cement prices in the south amid improving dispatches and expectations of ...

Karachi, January 01, 2014 (PPI-OT): Equities: 2014 unfolds another chapter of growth story! According to Arif Habib Limited, Below is an excerpt of Arif Habib Limited’s detailed Strategy Report to be released shortly. Pakistan’s Politics 2014 Pakistan’s politics finally enters a stable mode after 2013 general elections, when the change for a better Pakistan came ...