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The largest among the mid-sized commercial banks, Bank Alfalah Limited (BAFL) announced its 9MCY12 financial results yesterday, registering an expected yet impressive year-on-year profit growth of 19.7 percent.
The E&P giant touted gleaming results for the first quarter of FY13 yesterday, and it is clearly a fine start after the stupendous growth achieved during FY12.
The loss posted by Lotte Pakistan yesterday was pretty much predicted by analysts in line with the changing dynamics of the industry and the cyclicality of the business.
Much of Tri-Paks thunder has been stolen this year as the leading manufacturer of BOPP and CPP films in the country struggles with fluctuating input prices and rising imports of BOPP film at dumping prices in the country.
Allied Bank Limited (ABL) is reaping good results of its sound strategic asset utilisation, as its 9MCY12 profits soared by an impressive 22.6 percent year-on-year. The stupendous performance came despite a massive 23 percent decline in net interest income as the sliding interest rate scenario squeezed spreads.
The latest statistics on foreign trade, released by the Pakistan Bureau of Statistics yesterday, suggest some amelioration on trade deficit in the three-month period ended September 30. The trade deficit reduced to 4.66 billion dollars in 1QFY13, which is nearly 10 percent lower than same period last year - kudos to a 28 percent year-on-year contraction in the monthly trade deficit recorded in September.
The year 2012 has been a tough year for fertilizer companies as extended gas curtailment has hit their profits adversely. But the market leader, Fauji Fertilizer Company (FFC) was smart enough to keep the boat sailing even in distressed times.


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Banking Review 2013

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