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The first quarter of a fiscal year has always been lean for Netsol Technologies Limited. This year, though, the three-month period ending September 30 concluded profitably, compared to a net loss last year, as per the KSE announcement. The maiden quarter lacked vigor nonetheless, given that revenues clocked in at Rs383 million when last fiscal years total revenue was Rs2.18 billion. Good luck catching up!
After feasting on meat for three days, most Pakistanis are probably looking to cut down on their intake of the food group in coming days. But a recent report by the Worldwatch Institute (WWI) shows, global meat production and consumption are both scaling down; and for different reasons.
The hissing sound that is being heard in the steel world could be ArcelorMittals stock losing air. The share price of the worlds largest steel producer has gone down by more than 20 percent since the beginning of 2012, and around 80 percent since its peak in 2008.
Suzuki, at the close of the nine-month mark has apparently fared worse than what most analysts were predicting. While on the whole, the firms performance during the last three quarters still remains within the green zone, -with margins going up to five percent at the close of the nine-month mark- the last quarter has been hard on the local market leader.
Dangerously caught in the circular debt mesh, the payables and receivables of the largest state-owned OMC continue to present a dreary picture of its cash position. However, the results of the company published on KSE before Eid show a rebound in profitability for the Company compared to FY12.
It seems like the stellar performance of the cement sector in FY12 is being carried along into the new fiscal year. At least that is what the industry dynamics and results of major companies in the sector allude towards.
If putting up with email spamming wasn annoying enough, Pakistanis have also had to endure a rising incidence of SMS spamming in recent years. Thanks to cheap SMS bundles and near-ubiquitous cellular connectivity, SMS traffic has increased manifold, and with it the spamming problem.

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln