Oil and Gas Development Company (OGDC) finds oil, gas at Nashpa
The Oil and Gas Development Company Limited (OGDCL) has once again discovered oil and gas from its exploratory well Nashpa #1. The well is located in District Karak of NWFP province. Based on initial testing results, the discovery is estimated to contain 3,000 barrels of oil and 9.678 million standard cubic feet a day of gas (mmscfd).
National Investment Trust Limited (NIT) launching 2 income funds
National Investment Trust Limited (NIT) is all set to launch two new income funds during current month before Eid-ul-Fitr. Tariq Iqbal Khan, MD NIT told The Financial Daily here Tuesday that the first fund named as "NIT Government Bond Fund (NIT-GBF)", which will be an open-end fund and invest in government debt instruments, i.e. T-Bills, PIBs and also participate in Reverse Repo.
Presentation on UIN at Karachi Stock Exchange (KSE) today
Karachi Stock Exchange (KSE) will have a presentation on client level margin system on Wednesday (today). According to KSE here Tuesday, the Exchange has developed a proprietary UIN-based new system for the client level margining which is under user acceptance test.
Pakistan International Container Terminal Limited (PICT) FY09 earnings jump 77pc
Pakistan International Container Terminal Limited (PICT) showed robust profitability growth of 76.8 per cent for Financial Year 2008-09 as report profit worth Rs936 million (EPS: Rs8.59) as compared to Rs529 million (EPS: Rs4.86) in the same period last year.
Pakarab Fertilizers Limited (PAFL) EPS dips to Rs3.22 for 1H
The earning per share of Pakarab Fertilizers Limited (PAFL) dipped to Rs3.22 for January-June 2009 period (1HCY09) from Rs4.52 during the corresponding period last year. This decline can only be attributed to colossal increase of sales cost. The company posted an after tax profit worth Rs1,450 million for 1HCY09 as compared to Rs2,033 million for 1HCY08.
Cherat Cement Company Limited (CHCC) profits jump by 14 times for FY09
Cherat Cement Company Limited (CHCC) announced Tuesday its financial results for the year ended June 30, 2009 (FY09), according to which, the company has announced a profit after tax of Rs159.28 million as compared to Rs10.35 million during the same period last year.