E&P 1Qtr profits up 11pc to Rs39 billion
Oil & Gas exploration and production sector has shown a growth of 10.7 per cent in their earnings during the first quarter ended September 2012. Earnings of the listed companies i.e. (OGDC, PPL, POL, & MARI) during the period were increased to Rs39.89 billion compared to Rs36.05 billion recorded during the corresponding period of last year. more... (FD)
Fertilizer offtake dips in 10MCY12
Fertilizer off take depicts a fall in first ten month of 2012 mainly due to gas curtailment and higher fertilizer prices.
According to the data available, urea sales down by 11.6 per cent to 3.95 million tons in 10MCY12 against 4.47 million tons of identical period last year. more... (FD)
Gold imports fall 23pc during 1Qtr
The gold imports into the country fell in first quarter of current fiscal year by 22.73 per cent against the same period of last year.
The imports of gold during the period under review remained US $28.421 million against the imports of US $36.782 million during the same period of previous year. more... (FD)
Cement exports declined by 20.59% in October
Overall despatches of cement for the month of October 2012 declined by 5.87 percent mainly due to a drastic decline of 20.59 percent in export of cement. more... (DT)
Foreign security firm pulls out of Pakistan
The stake of G4S – a global security solutions company operating in 125 countries – in Wackenhut Pakistan Private Limited (WPPL) has been bought out by its local partner, an official announcement said on Monday. more... (ET)
Iraq inks exploration deal with Pakistan Petroleum
Iraq, on Monday, signed a five-year deal with Pakistan Petroleum (PPL), the country’s second largest oil and gas explorer, for the company to explore a massive tract of land believed to contain gas, the latest step in Baghdad’s efforts to boost energy output. more... (ET)