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PTCLs financial performance for the year ended June 30, 2012 is indicative of better times ahead for Pakistans only integrated Telecommunications Company. The Company announcement of its FY12 results to the KSE yesterday shows all round gains in operating performance. And if it weren for the drop in other operating income, PTCL may well have also posted net profitability gains in FY12.
"There are about 22 million internet users in Pakistan. Thats more than the entire population of Australia" exclaimed the Head of Emerging Market Development, South East Asia at Google, Jana Levene; responding to a question regarding the potential for the Companys business in Pakistan. She was addressing a moot of IT experts, journalists and bloggers at a first of its kind seminar in Karachi, earlier this week.
Like human trafficking, smuggling migrants is a crime that is affecting nearly all countries across the globe, whether in terms of origin, destination or as transit route. Migrant smuggling is procurement, in order to obtain, directly or indirectly, a financial or other material benefit, from the illegal entry of a person into a state of which the person is not a national or a permanent resident, as defined by United Nations Office on Drug Control (UNODC).
The matter of proposed International Clearing House, for LDI telephony, is fast becoming a heated duel between the countrys telecommunications watchdog and its prominent competition agency. While they are at it, the trading activity in telecom shares of World Call, Wateen and PTCL (all having LDI businesses) has been spectacular since August 23, with PTCLs share price appreciating by nearly 50 percent since then.
DG Khan Cement Company took the market by surprise as it announced its FY12 financial results yesterday, recording a humungous 24 times increase in net profits year-on-year. The phenomenal performance was similar to the industrys trend for FY12, backed by strong fundamentals. Yet there was an element of surprise in the earnings announcement.
Its nearly 11 pm on a Saturday evening and the DHA Z-Block market in Lahore is in full throes. Mothers with toddlers make their way cautiously along rain-swept roads, maneuvering through a steady stream of traffic, while families sit out on a make-shift forecourt in front of Tutti Frutti, having frozen yogurt in the light drizzle.
Even before SM Krishna landed in Islamabad to chair a meeting of the revived Joint Commission and hold talks with Pakistan regarding outstanding issues between India and Pakistan, media outlets on both sides of the border voiced skepticism that much headway would be achieved in the moot.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln