Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
There have been 150 cases handled by the Federal Bureau of Investigation, FBI, in the recent years. Many companies have taken the plea bargains and deferment of cases after agreements with the prosecutors. In the recent example, Siemens had to pay in the tune of $3 Billion of violation of FCPA. In addition, DOJ promotes […]
Pfizer, Inc. is reported to sell its infant nutrition division to Swiss-based conglomerate Nestle SA. The deal is kept under veil and only rumours from some credible sources are out. Both the officials at Nestle and Pfizer have failed to comment on the deal. The resources, who have not mentioned their names due to the […]
Shell suffers Rs224 million loses Saturday, April 21, 2012: Shell petroleum’s transpired from making profits to a loss in the first quarter of 2012 amid swelling government dues and lower profit margins. The government does not provide adequate returns to fully cover the cost of operations and financing, Shell Pakistan Chairman Sarim Sheikh wrote […]
Finance Minister expects a growth rate of 4 percent for current fiscal year Thursday, April 19, 2012: Hafeez Shaikh, Finance Minister of Pakistan, has revealed that the country is expecting a growth of about 4 percent in the current fiscal year, even though; Pakistan has to pay $1.4 billion in loan repayments. Shaikh said this […]
Deepak Mittal keen on investing in Pakistan’s energy sector Thursday, April 19, 2012: Deepak Mittal, head of Tech Lab Auto Gas Limited, has shown interest in investing and transferring skills and technology to Pakistan’s energy sector. The Indian investor is keen on entering into joint ventures with Pakistan in the areas of transport, manufacturing industry […]
KAPCO profits plunge by 17 percents due to rise in circular debts Wednesday, April 18, 2012: KAPCO (Kot Addu Power Company) has seen its profits decline in current fiscal year. As per calculations, the company’s profits have plunged by 17% to Rs4.36 billion due to rise in circular debts. The country’s second largest power producer’s […]
Earning hopes drive KSE towards a positive trend Karachi: (Wednesday, April 18, 2012) After witnessing a negative trend at the shares market and KSE 100-index, the Karachi Stock Exchange finally exhibited a hope among the investors to expect strong corporate earnings in the quarter that closed on March 30. Recovering from yesterday’s declining trend, the […]
Budget paper foresees five major challenges for FY 2012-2013 Islamabad: (Tuesday, April 17, 2012) The budget paper prepared by the ministry of finance has identified five major challenges for the next year’s federal budget. The biggest one of these challenges, as anticipated, is the country’s poor performance on fiscal front that is to hit even […]
KSE observes a mixed trend, 100-index closes marginally lower Karachi: (Tuesday, April 17, 2012) The Karachi Stock Exchange, that is witnessing a dipping trend since the beginning of this week, observed the 100-index going down further, albeit to a lower margin. As the day closed today, the 100-index ended 0.05 percent down or at 6.48 […]
Mattel registers $7.8 million profit in the first quarter; 53% less than the last year figure The U.S. toy company Mattel announced today that the first quarter earned $7.8 million, 53% lower YOY, following the decrease in sales of the Barbie doll and the cost of buying the company HIT Entertainment. Mattel and recorded a […]
Exports of Kinnow falling in Pakistan Monday, April 16, 2012: Though a major citrus producer, Pakistan is still lagging behind in modern techniques when it comes to enhancing the value of citrus exports. Only 10% of total production is exported, due to which citrus producers face severe financial constraints as it entails selling the produce […]
Increased minimum deposit rate on savings holds back KSE performance Karachi: (Monday, April 16, 2012) After witnessing rising trends for over a fortnight, owing to the announcement on part of State Bank of Pakistan to increase the minimum deposit rate on savings accounts from 5 percent to 6 per cent, the Karachi Stock Exchange observed […]
