AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Pakistan’s natural gas production is -4bcfd while demand is 6cfd- 8bcfd. According to AKD Securities, in AKD Securities’ view, this imbalance is partly due to the very low prices of natural gas, where FO costs -US$20/mmbtu against gas price ranging from US$5-US$6/mmbtu. Now however, the Ministry of Petroleum (MoP) …
Read More »95th National Management Course participants visit Pakistan Embassy Beijing
Islamabad: A 10-member delegation comprising members of the 95th National Management Course at the National School of Public Policy (NSPP) Pakistan visited the Pakistan Embassy here today and met Ambassador Khan, says a press release received here today from Beijing, China. Talking to them Ambassador Masood Khan said that Pakistan …
Read More »Pakistan thanks China for support
Islamabad: Pakistan’s Ambassador to China, Masood Khan met with Mr. Zhang Zhijun, China’s Executive Vice Foreign Minister and Party Secretary of the Ministry of Foreign Affairs this afternoon to brief him about the evolving situation after the 26th November NATO airstrikes at Pakistani check-posts and to thank the Chinese government …
Read More »2011 Human Development Report: Environmental trends threaten global progress for the poor Pakistan ranks 145 out of 187 countries and territories in human development
Islamabad: Development progress in the world’s poorest countries could be halted or even reversed by mid-century unless bold steps are taken to slow climate change, prevent further environmental damage, and reduce deep inequalities within and among nations, according to projections in the 2011 Human Development Report: Sustainability and Equity. A …
Read More »Morning Briefing for November 29, 2011 – Standard Capital
Karachi: Urea prices decreased by Rs 100per 50kg bag Geo News reported that fertilizer companies are bringing down urea prices by Rs 100 per 50kg bag to Rs 1480. According to Standard Capital, if that is true then their will be some ‘anticipated earnings erosion’ on some of the fertilizer …
Read More »AKD Quotidian about — Banks: Strong spreads in Oct’11 but may not last
Karachi: Despite the last 150bps cut in DR coming into effect from Oct 1’11, weighted average banking spread has registered at 7.67% in Oct’11, up 18bpsYoY and 4bpsMoM. According to AKD Securities, at the same time, spread on fresh lending and deposit taking was at 5.94% in Oct’11, down 61bpsYoY …
Read More »Govt. exceeds borrowing limit for Pakistan Railway – Alfalah Securities Limited
Karachi: The federal government has exceeded the borrowing limit of PKR 4 billion from the State Bank of Pakistan (SBP) on account of Pakistan Railways, as it borrowed an exorbitant PKR 38.5612 billion owing to huge financial crises being faced by the Railway. According to Alfalah Securities Limited, the Railway …
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