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The leaders of Afghanistan and India have vowed to continue their joint efforts to "overcome terror and extremism" facing the two nations.Afghan President Ashraf Ghani and Indian Prime Minister Narendra Modi reiterated the resolve Monday during a video...

Karachi, August 15, 2016 (PPI-OT): PSO: Earnings meet estimates (PKR37.8/sh (+54% YoY) Pakistan State Oil (PSO) just announced its earnings for FY16 at PKR37.8/sh (+54% YoY) and in line with Elixir Securities Limited’s estimates of PKR38.6/sh. Earnings for the quarter clocked in at PKR20.9/sh (+48% YoY) relative to a loss of PKR7.8/sh in the previous ...

Karachi, August 11, 2016 (PPI-OT): EFERT 2Q2016 Analyst Briefing Takeaways Engro Fertilizers Ltd (EFERT) held its 2Q2016 analyst briefing today. The key takeaways are as follows: Company recorded lower urea offtake of 242kton (↓53%YoY) during 2Q, in line with overall industry that shrunk by 78% during the same period. The decline is primarily a consequence ...

Karachi, August 11, 2016 (PPI-OT): KEL’s acquisition price set at Rs16.0/share? As per a media report, Shanghai Electric and Engro Corporation (ENGRO) have bid US$2.8bn for K-Electric’s (KEL) 66.4% stake, presently held by KES Power. Media report suggests Shanghai Electric will hold 51% share of KEL, while ENGRO will have a stake of 15%. Based ...

Israeli forces on Sunday detained at least eight Palestinians in the West Bank districts of Hebron and Bethlehem, as well as in Jerusalem, according to the Palestinian Prisoners' Society (PPS).In Jerusalem, Israeli police detained Lo'ai Abu Saad who wo...

Karachi, July 29, 2016 (PPI-OT): NFDC releases fertilizer offtake numbers NFDC released fertilizer numbers for the month of June-16. Numbers were largely in-line with JS Securities Limited’s expectations as urea sales showed signs of revival and NP euphoria fizzled out. Going forward, JS Securities Limited believes that interest in urea will revert especially in the ...

Karachi, July 28, 2016 (PPI-OT): PSMC: 1H2016 EPS at Rs17.44, down 41% YoY Pak Suzuki Motor Company (PSMC) announced its 1H2016 result today, posting a PAT of Rs1,435mn (EPS: Rs17.44), down by 41% YoY. For 2Q2016, the company posted PAT of Rs488mn (EPS: 5.93), down by 67% YoY/49% QoQ. Sales during 1H2016 declined by 3% ...