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Other corporate results
One step ahead, too many backwards! That has been the story of the ill-fated Iran Pakistan (IP) gas pipeline for years now. It appears that the inactivity on part of Pakistan finally got noticed by the Iranians as the Iranian Oil Minister hinted at the likelihood of annulling the gas supply contract with Pakistan.
It would be harder for the government to resist the calls to privatise Pakistan International Airlines (KSE: PIAA), after the woeful quarterly and nine-monthly financial results the latter released yesterday.
And it is definitely not a good one! NCL was another one of the composite textile set-ups expected to make waves this quarter, but things seem to have gotten a little off-track for the textile giant.
What’s the difference between Nishat Power Limited (NPL) and Nishat Chunian Power Limited (NCPL)? Both are furnace oil based independent power producers with similar plant size, profitability and share price. Probably, the only difference between the two would be their dividend payout policy; where NPL has been generally frugal historically, NCPL has been the generous cousin.
Standard Chartered Bank (Pakistan) Ltd sits on the fence when it comes to its earning asset composition. As of September, the asset pie of SCBPL is almost evenly distributed between advances and investments. However, the quarter-on-quarter tally shows that SCBPL is rolling its asset portfolio in favour of advances. Between June to September, advances saw a growth of 9 percent while investments witnessed a 3 percent slide.
Another quarter bites the dust. And with it, comes another abysmal performance of an auto parts manufacturer.


Index Closing Chg%
Arrow DJIA 17,050.75 0.82
Arrow Nasdaq 4,810.79 0.41
Arrow S&P 2,013.43 0.88
Arrow FTSE 6,374.82 0.61
Arrow DAX 9,993.07 0.23
Arrow CAC-40 4,675.91 0.18
Arrow Nikkei 18,141.17 0.99
Arrow H.Seng 22,354.91 0.71
Arrow Sensex 26,845.81 0.70

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln