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Like 1QFY13, production glitches smeared the second quarter of FY13 for the countrys third largest exploration and production company, resulting in a dreary picturing for the first six months of FY13.
Rounding off the year in style, Engro Foods has posted its highest ever quarterly earnings to date; taking the year-end tally to a hefty Rs 2.6 billion in CY12, coming off the back of a nearly 35 percent increase in revenues year-on-year.
After targeted killings, suicide bombings, unanticipated closures and a hard-to-manage fiscal situation, it is measles turn to take a toll from the country.
With the rage that social media has become these days, every time something happens that blocks usage of the same, the impact is not just disappointed youths in the country, but also quite an economic setback.
Pakistans foreign trade had a favourable closing in the first-half of the ongoing fiscal. As per the data compiled by Pakistan Bureau of Statistics, the countrys trade deficit contracted by 14 percent YoY to come down to 9.87 billion dollars in 1HFY13. That happened due to a healthy mix of growth in export proceeds and decline in import payments. The December trade also contributed to the trend seen in prior months.
Fauji Fertilizer Company (FFC) has kick started the blue chips financial results season, announcing its 2012 financial results with a seven percent year-on-year slide in profitability. With the competitors yet to announce their annual results, the market expects FFCs performance as good as it would get amongst the industry players, as the company has weathered the negativities rather nicely, not letting profits go down massively.
Get excited as this is a sneak peek of IMFs latest world economic outlook, and it has some good news. The international monitor predicts a gradual upturn in global growth in 2013 as the intensity of the global risk factors subsides.

 



 
Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln