Chinese company may invest in four power projects
China Power Investment Corp (CPI Group) on Tuesday expressed its interest in investing in four power projects in Pakistan having a combined energy generation capacity in excess of 2,500 megawatts. more... (N)
Engro Foods posts earnings of Rs460m
Engro Foods announced below-the-expectation second quarter 2013 results on Tuesday with the earnings of Rs460 million (earnings per share of 60 paisas), down by 13 percent on year-on-year basis, while it went down by 30 percent on quarter-on-quarter basis. more... (N)
Upsurge begins: CPI expected between 7.5 percent to 7.99 percent in July 2013
The Consumer Price Index (CPI) inflation for July 2013 is expected to settle between 7.5 percent to 7.99 percent on yearly basis as compared to 9.6 percent in July 2012, while on monthly basis it is expected to increase by 1.60 percent to 2.09 percent against an increase of 0.8 percent last month, analysts said on Thursday.
Traders hail Mamnoon appointment as Pakistan’s president
Business community of the country in general and Karachi in particular hailed the appointment of Mamnoon Hussain as newly elect 12th president of the country on Tuesday.
Corporate results: Growth at Meezan Bank slows due to shrinking spreads
Meezan Bank posted a net profit of Rs1.9 billion for the six-month period ending June 30, up 4.8% compared to the corresponding six-month period of the preceding year. more...(ET)
Correlated markets: Bond market signals downward valuation, end of bull run at KSE
Minor corrections notwithstanding, the long bull run of the Karachi Stock Exchange (KSE) is spectacular in every sense of the word. But how long is the sun going to shine for investors to continue making hay is a question that market observers have already begun to ask. more...(ET)
Equity injection?: Pakistan Steel Mills requests Rs17 billion handout
Pakistan Steel Mills (PSM) has requested the government to immediate inject Rs17 billion worth of equity to restore the company’s choked supply chain. more...(ET)