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Farmers in the country are facing some tough times. Agriculture commodities? prices are headed south while input prices continue to escalate. Margins are shrinking and farmers? livelihoods are at stake. The latest hit is the revision in fertilizer prices by FFC which has been matched by Engro. The price hikes are reportedly, in response to government?s hike in input gas prices.
Economic observers have to come to view developmental budgetary outlays as a smokescreen. After all, such allocations have long been curtailed to rein in fiscal deficit. And the disbursed funds are usually spent on what a government wants instead of what people really need. Now that the fanfare of budget is behind us, let’s look at how much development spending actually took place last fiscal.
Pakistan has been aid dependent to a large extent, with donor agencies providing funds for various sectors ranging from socio-economic stability and human development to economic growth and infrastructure. The United States is one of the most generous donors to Pakistan; however, other countries like Japan, Australia, Canada and the European countries have been unstinting too.
Online rumours started making rounds last month that Mobilink, the top-ranked operators in terms of total subscribers, might be interested in buying Warid, the last-ranked operator. As with many corporate rumours, there seems to be little that is credible in this particular case at this point in time.
This year a tax has been accidentally imposed on services providers which is silently killing many businesses operating in the formal sector. A minimum tax of eight percent on revenues was imposed on services providing companies, which is simply making many business models unviable as virtually all these businesses operate with high volumes and low margins.
At long last, the inertia on gas tariffs has shaken. Almost three years after the previous change, the government has finally raised the natural gas tariffs, as notified by Ogra.
It is said that good things come to those who wait. In the case of Fauji Cement (FCCL), investors were made to wait for the release of the company's financial results for FY15 as the board meeting was postponed. When the result was finally revealed; it presented a positive surprise as the company beat market expectations for both earnings and dividends.
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln