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Lahore: Etihad Airways, the national airline of the United Arab Emirates, recently teamed up with Fashion Pakistan, to present “Pakistan’s Most Inspiring Designer” award exclusively to the designer who wowed fashion lovers and critics at the third Fashion Pakistan Week that was held at the Pearl Continental Hotel from 7 …
Read More »AKD Quotidian about – MEBL: 1QCY12 Result Preview
Karachi: MEBL is scheduled to announce its 1QCY12 result on Monday, Apr 16’12. On an unconsolidated basis, AKD Securities expects MEBL to post NPAT of PkR935mn (EPS: PkR1.03) in 1QCY12E against NPAT of PkR585mn (EPS: PkRO.65) in 1QCYI1, translating into a robust growth of 60%YoY but down by 15%QoQ. According …
Read More »Private sector allowed setting up gas distribution firms
Karachi: The federal government has allowed the private sector to establish gas distribution companies a move that would end decades-old monopoly of the state-run Sui Northern Gas Pipelines Ltd. According to Alfalah Securities Limited, (SNGP) and Sui Southern Gas Company (SSGC). As reported in the local newspaper, the government has …
Read More »National Investment Trust Set Ups Sales Promotion Kiosk in Pakistan Institute of Corporate Governance Conference at Karachi
Karachi: NIT is actively engaged in promotion of its funds extensively. Informative KIOSKS are being organized at Provincial and Federal Capital level by local NIT Branches to introduce and familiarize potential customers with the range, benefits and investment opportunities in NIT Funds. In continuation of this exercise, NIT availed the …
Read More »Pakistan International Airlines is actively participating in Airport Emergency Exercise
Karachi: Pakistan International Airlines is actively participating in Airport Emergency Exercise being conducted on Saturday 14 April by Civil Aviation Authority at Karachi Airport. A Boeing -747 aircraft has been provided with Cockpit and Cabin Crew. Resources like Engineering, PHS, TGS have been deployed for the purpose. PIA Emergency Response …
Read More »World Bank to provide $ 850 million for Tarbela 4th Extension Project
Lahore: The World Bank will provide about US $ 850 million for Tarbela 4th Extension Project. The project expected to be completed in four years, will generate 1410 MW electricity. After completion of Tarbela 4th Extension Project, the generation capacity of Tarbela Power Station will rise to the tune of …
Read More »No respite from Sui Southern Gas Company leads to load shed at Karachi Water and Sewerage Board installations: Karachi Electric Supply Company
Karachi: The non-consideration of multiple requests and lack of support from SSGC to improve the gas supply to the sole power supplying utility of Karachi, KESC; has exacerbated the power crisis. With no signs of improvement in the gas supply from the current abysmal levels of 115-120mmcfd and 80MW of …
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