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Consolidating the stellar performance of earlier three quarters, Tri-Pack Films Limited finally closed CY11 on a high. The packaging films manufacturers CY11 performance is a mix of healthy top-line growth and controlled operating expenses, as visible in the companys financials, for the year ended December 31, 2011, released yesterday.
Marking an annual growth of 23 percent in its bottom-line, Allied Bank Limited (ABL), the countrys fifth largest commercial bank, clocked in a net profit of Rs.10 billion during CY11.
In the United States of America, Republican law makers have declared the US Federal Budget FY12 proposed by President Barrack Obama, "dead on arrival". But this document, which is to be taken up by Congress for deliberations over the next few months, may post an insurmountable challenge for the Republican bid for the US Presidency at the end of this year.
Enterprises across the world are coming up with innovative ideas to attract investment aimed to increase financial inclusion. Insurance companies, banks, telcos and MFIs are partnering and making arrangements that allow them to utilise each others infrastructure for their businesses.
Despite an industry-wide increase in car prices, the growth trend that car manufacturers have experienced over the last year persists in CY12. The latest data released by Pakistan Automotive Manufac-turers Association (PAMA) shows a growth of 17 percent in 7MFY12 compared to the same period last year.
The appointment of Mumtaz Haider Rizvi as acting chairman Federal Board of Revenue (FBR) alludes to the governments satisfaction with the status quo at FBR; and for good reason. Ever since the government announced its revenue collection target of Rs1952 billion for FY12; independent analysts have appeared unimpressed by the governments ability to notch up its tax to GDP ratio at 4.7 percent of GDP.
Whoever said that love is a useless emotion probably wasn a businessperson or even close to being one; for Valentines Day, the most-prized day in lovers schedules, is a testimony to the tremendous business potential that love holds.

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






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