It is a job well done by National Foods Limited (KSE: NATF) for the financial year 2015. According to a KSE notice issued on Friday; the company has seen enormous growth in its bottom line during the financial year.
The government may well have sold its stakes in the country?s largest bank, HBL, but HBL for sure has not lost hope in the government. The investment book alone is well over a trillion rupees and the bulk of it is parked in government papers. The repositioning of asset portfolio of late has resulted in accumulation of more treasury bills, having enjoyed the PIB fiesta on offer in the earlier days.
Super tax and all that, that the National Bank of Pakistan?s (NBP) 1HCY15 after-tax profits went down year-on-year, tells it is not easy carrying an infectious loan book for a long time. NBP, like most its peers, shied away from venturing into advances for much of the period, and instead Rs13 billion more on the investments side, primarily in treasury bills.
There are some concerns that the US might be suspending the CSF payments to Pakistan – those handsome, enormous paychecks that shine on our current account. Pakistan’s failure to crack down on the Haqqani network thus might cost it an annual billion-plus dollars. But what precisely is the impact of the CSF?
n the election manifesto of PML- N, privatization was the key to solving many economic problems Pakistan is facing. After half the tenor, the government has failed to bring a new privatization policy on the table. So far all the PMLN has done is to shortlist 40 state-owned enterprises for privatization without understanding the basic dynamics of the privatization policy of 2009.
K-Electric Limited (KSE: KEL) has had its due share of criticism this year after continued appreciation for improved financial and operational performance since its privatisation. And rightly so; the power utility that supplies electricity to the largest metropolis of the country has been facing slippages, which has made the scrip underperform the benchmark index.
Shell Pakistan Limited (KSE: SPL) entered its financial year 2015 very depressingly with net loss of Rs753 million. The key reason for poor earnings for 1QCY15 was the plunging crude oil prices and the resultant inventory losses for the oil marketing companies.