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FY12 turned out robust for the exploration and production sector. Riding on excessive cash balances and healthy dividend declaration during FY12 coupled with the announcement of Petroleum Policy 2012, the upstream sector seemed all geared up for another strong year.
Engro Food’s corporate results for the outgoing quarter are in and the sight is prettier than ever. Posting a bottom line of Rs1.6 billion at the end of the first nine months of the current year, the food manufacturing giant has raked up a monumental year-on-year growth on the back of accelerated sales and improving margins.
Flow of foreign direct investment from developed world to emerging economies has not faltered amidst all the swings the global investment has experienced since the deadly 2008. Even the slowdown in China, the largest emerging economy, might not change the positive outlook for FDI inflows into emerging economies, offset by heavy inflows in Latin America.
Letting go is never easy, especially when the company in question is a former state-run entity and those being let go are the legions of workers admitted over the years preceding to the takeover by the new, private-sector management.
The country’s fourth largest commercial bank in terms of asset size, MCB Bank announced its 9MCY12 financial results on Wednesday, showing modest growth. The bottom line grew by 7.5 percent year-on-year, largely owing to a massive decline in provisioning charges during the period.
Attock Group announced the results for it OMC yesterday. Unlike the healthy revenue growth of Attock Petroleum Limited during FY12 highlighted by favourable price and volume mix, the top line of the company during 1QFY13 remained significantly flat owing to weaker volumes.
Even a well over 100 percent year-on-year increase in net profit did not excite investors as Fatima Fertilizer’s stock failed to register an increase after the company announced its 9MCY12 financial results yesterday.

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln