Engro Foods seems to be living up to its image of being a successful business of the giant local conglomerate Engro Corp. Its financial results so far in 2012 have been nothing short of splendid, and growth in revenues and margins justify its classification as a high growth company.
The mobile network operators have been consistently adding cellular subscribers to their networks since the exponential growth period ended. Latest data released by the Pakistan Telecommunications Authority reveals that nearly 11 million subscribers were acquired between July 2011 and May 2012, taking the tally to 119.86 million.
Barely managing to remain in the positive zone, LSM statistics for the month of May have scraped together a 1.26 percent increase over July-May 2010-11, with the industrial output growing by 1.46 percent during May, when compared against the same period last year.
At a time when a social media giant has actually gone ahead and floated its first IPO, staying in oblivion or denial about this evidently powerful force is an absolute act of inanity. Thats why the Pakistan-India Social Media Mela 2012, held in Karachi last weekend was nothing short of a breath of fresh air.
Just three months after the Asian Development Bank issued its Asian Development Outlook Report 2012, the bank revised down growth estimates for major industrial economies in a supplementary report issued yesterday.
The countrys sole granular urea and DAP producer, Fauji Fertilizer Bin Qasim (FFBL) announced its 1HCY12 results on Friday, posting 82 percent decline in net profits, over the same period last year. The Companys first quarter dismal performance weighed heavily on the half year profits, yet FFBLs financial performance was well below the market consensus estimates.