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.
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.