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Pakistan Suzuki Motor Company may have enjoyed stellar stock performance at the local bourses but the year provided little to write home about in terms of car sales. Sales of Liana, Swift, Cultus and Mehran fell by 34, 19, two and nine percent, respectively. Of the companys older variants on offer, only Bolan and Ravi sales managed to improve in CY14, although that was limited to a marginal two percent rise.
Pakistan has seen an increase in consumerism from burgeoning middle class which has done wonders for food related companies. So, it is not so surprising that the food and beverages sector in Pakistan has always been considered a safe haven for investors. Recent announcement by Fauji Fertilizer Bin Qasim to acquire 24.9 percent voting and 24.9 non-voting shares is another step to get the peace of the pie.
A news story in yesterday's edition of this paper said that the Board of Investment failed to live up to its plans of improving business climate in the country (See: BoI fails to make significant gains). Perhaps, it is those very failures that are being reflected in foreign direct investments (FDI) month after month.
On January 10, the government imposed regulatory duty of 15 percent on wire rods, steel bars and billets. The move came on the back of demands from domestic integrated steel players for protection against what they termed to be "dumping of steel bars and billets by Chinese manufacturers".
Securities and Exchange Commission of Pakistan (SECP)s recent endeavours on the regulatory front deserve applause. The regulator seems to be on the go to tone up the NBFC sector in particular. Case in point here is the consultative mechanism adopted by the SECP for amendments in Real Estate Investment Trusts (REITs) regulations.
The quarter ended December 2014 has seen impressive growth from the pharma industry, with an improvement in both the gross profit margin and net profit margin by 400 bps and 100 bps year-over-year, respectively.
K-Electric Limited (KSE: KEL) is cruising to move to the next stage through the regular contentions and criticism, and by that we mean that the power utility is all set to move on to the next phase of its growth. In a recent enlightening interview with Bloomberg, Tabish Gauhar - Chairman at K-Electric and a partner at Abraaj Group - has stirred some excitement; the venture capital and private equity firm has announced to exit the countrys power sector by the end of 2016.


Index Closing Chg%
Arrow DJIA 17,976.31 1.49
Arrow Nasdaq 4,947.44 1.15
Arrow S&P 2,081.24 1.22
Arrow FTSE 6,891.43 0.53
Arrow DAX 12,086.01 1.83
Arrow CAC-40 5,083.52 0.98
Arrow Nikkei 19,411.40 0.65
Arrow H.Seng 24,855.12 1.51
Arrow Sensex 27,975.68 1.88

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln