08242016Wed
Last update: Wed, 24 Aug 2016 10pm

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That Pakistan International Airline is making losses isn really news. But that its losses dropped by 21 percent year-on-year in the quarter ended September 2014 should make it to the news - and by some stretch of imagination a good news.
Kudos to Miftah Ismail for pulling off the Board of Investment’s (BOI) International Investment Conference held in Islamabad this week – BOI’s first in recent history. Pakistan needs investment inflows, and it’s a good strategy to also invite prospective investors to the country under one platform than just go about making sales pitches all over the world.
Like its sister concern NPL, Nishat Chunian Power Limited posted a hefty increase in its net earnings in 1QFY15. The rise of 41percent year-on-year in the bottom line came from higher fuel savings and lower O&M expenditure – just like Nishat Power Limited.
OGDCL’s share price has been bruised by two key factors of late, and both do not seem be fading away immediately; International crude oil prices are at multi-year low, while the privatisation of the E&P firm is still pending given the glitches it has been facing recently.
Talk of turnarounds and National Bank of Pakistan (KSE: NBP) has managed a big one. The top line story remains the same almost with every big bank and NBP is no exception. The formula is simple. There is a willing borrower, ready to pay you lucrative rates on risk-free lending. You would simply do your job i.e. invest more and more in long-term government securities.
PSO’s latest financial performance slipped slightly, and it all started at the top. It has been a long time since Pakistan State Oil has witnessed a decrease in its revenues. In FY14, PSO’s top line growth was highlighted by better volumetric sales and better product margins. However, the oil marketing company did not open FY15 well as sales dropped by five percent year-on-year.
Not very long ago, a dip of any sorts in Fauji fertilizer Company’s (KSE: FFC) profits was unthinkable. It is now a reality. Urea off-take has not been impressive to say the least. FFC faced slight dip in urea sales during the 9MCY14 period, but this is not the primary concern. FFC has had many such dips resulting in profit increase, but times have changed – big time!