The SBPs latest Branchless Banking (BB) newsletter tells a similar tale as most of the bygone quarters. There was double-digit growth in both transaction mix and sector infrastructure during Jul-Sep. Thanks to that, the five-year-old sectors agent network, accountholders, transaction volumes and values recorded their respective highs.
While most of the fertiliser firms were on their merry way of churning out huge profit growth, the sole DAP producer in the country, Fauji Fertilizer Bin Qasim (FFBL) was not too far away. The companys profits jumped a significant 29 percent year on year; on the back of strong volumetric growth in its key DAP product.
"Slow and steady wins the race" is a maxim that has stood true since time immemorial, and so seems to be the profitability situation of Atlas Honda (ATLH), which has been growing slowly but steadily for some time.
"I prefer simpler conventional products when it comes to investment, i.e. to put all my savings either in bank deposits or rather buy bonds or invest in national saving schemes." That goes in the mind of almost every other ordinary investor. With bank deposits and bonds, mutual funds go hand in hand, but retail investors are still shying away from testing alternative channels as these investors barely frame roughly 5 to 10 percent of the total composition of the mutual fund investor base at this stage.
In a curious moment of déjà vu, the Economic Coordination Committee met on January 20 to re-impose a ban on import of gold, ostensibly to cap the smuggling of the yellow metal to the neighbour on the east side of the border, and help arrest the depreciation of Pak Rupee against the green back.
Engro Foods just can’t seem to catch a break these days.
CY13 came to an end and as expected the numbers aren’t pretty. The firm’s net sales for the period dropped by 6 percent year on year while the bottom line shrunk by a hefty 66 percent—taking down PAT to Rs870 million from Rs2.6 billion recorded last year.