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Nishat Groups independent power producer - Nishat Power Limited (KSE:NPL) was able to report a colossal increase in its earnings in 1HFY15 even amid the decline in fuel saving environment due to falling crude oil prices. Fuel savings comes from improved thermal efficiency, higher utilisation and higher furnace oil prices. And when there is a plunge in either one of them like the oil prices off late, the fuel savings take a slide.
Such has been Askari Banks (AKBL) performance turnaround, that losses running in billions seem a thing of distant past. The bank has grown from strength to strength and its 1QCY15 financials are a testament to its ever improving fundamentals. The 1QCY15 profit growth becomes more special, as it is driven primarily from the top line strength.
At a time when almost every other bank in the country is busy piling up its investments portfolio, NIB Banks strategy remained firm; to go on with its lending drive. With its advances-to-deposits (ADR) ratio standing comfortably in late 80s as at December end 2014, the bank has emerged as a core-banker during testing times.
The proverbial "deeper than oceans, higher than Himalayas and sweeter than honey" Pakistan-China friendship is now under test to become stronger than steel as well. Pledges worth $46 billion have been committed by China, with the PCEC as their focus.
The fresh hefty injection into the banking system of late has left many with raised eyebrows. On April 17th, the SBP injected Rs897 billion through a seven-day contract at a cut off of 7.51 percent. Later on April 20th, the central bank threw in another Rs132 billion with a four-day contract at a rate of 7.52 percent, thereby taking the cumulative injection to over Rs1 trillion. However, it should be noted that the injection was made at the time of when the earlier injection of Rs950 billion bordered its retirement date.
Nishat Chunian Power Limited (KSE: NCPL) - a Nishat Group independent power producer - incurred a growth of around 36 percent year-on-year in 1HFY15, with the expectation that the IPPs profitability will be under pressure in the second half of FY15 from reduced fuel savings and scheduled maintenance. However, the IPPs performance for the first nine-month result announcement at Karachi Stock Exchange was a respite for the firm.
The current fiscal may have been a stellar year for most cement manufacturers but for Cherat Cement it is more of a prelude for anticipated successes. The companys sales had registered marginal increase in the first six months of the fiscal. But in the third quarter, that tally plopped due to a planned plant shut down in 3QFY15. Consequently, the cumulative topline growth for 9MFY15 has been only one percent when compared to the previous fiscal.

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln