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Karachi: FBR surpasses quarterly target by Rs15 billion According to MR Securities, The provisional tax collection during July-September 2011/12 has surpassed the quarterly target by Rs15 billion, thanks to the FBR blunder in the previous fiscal year when it included advance tax to show revenue collection higher at Rs1,590 billion. …
Read More »AKD Quotidian about — Urea offtake rebounds in Aug’11 on higher production
Karachi: Improved gas flows to Sui based fertilizer plants resulted in higher urea production in the month of Aug’11 where total industry production stood at 484k tons (+10%MoM). According to AKD Securities, Subsequently urea sales were also grew by 15%MoM to 556k tons. However, CY11TD offtake of urea was still …
Read More »Gas shortage worsened innocently – Alfalah Securities Limited
Karachi: GoP’s measures of allowing Sui Northern Gas Pipelines Limited (SNGP) and Sui Southern Gas Company (SSGC) to expand their distribution system by 8,000 km within one year would aggravate the gas shortage in the country. According to Alfalah Securities Limited, The government has directed SNGP to extend its system …
Read More »India to strengthen bilateral trade with Pakistan – Alfalah Securities Limited
Karachi: India has declared to support Pakistan for the European Union (EU) duty waiver package bid in World Trade Organization (WTO) in a mutual desire to promote bilateral trade between the two countries. According to Alfalah Securities Limited, the Commerce Ministers of India and Pakistan have agreed to double the …
Read More »Johnson and Phillips (Pakistan) Limited’s announcement of financial results for the year ended 30th June 2011
Karachi: We inform you that a meeting of the Board of Directors of the Company was held on Thursday 29th September 2011 at 11:30 AM to consider the Audited Financial Statement for the year ended June 30, 2011. The Board of Directors while approving the financial statements have not recommended …
Read More »Soneri Bank Limited’s material information – meeting of the board of directors
Karachi: In accordance with clause (xxiii) of the Listing Regulation No. 35 under Code of Corporate Governance, and clause (1) of Rule 6 of Companies (Issue of Capital Rules) 1996. We would like to inform you that the Board of Directors of Soneri Bank Limited (SNBL) in its meeting held …
Read More »Al-Abid Silk Mills Limited’s results for the year ended on 30th June, 2011
Karachi: We have to inform you that the Board of Directors of our Company in their meeting held at 11.00 A.M. on Thursday 29th September, 2011 recommended the following. Cash Dividend A final Cash dividend for the year ending 30.06.2011 @ Rs. Nil% per share which works out to Nil% …
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