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Allied Bank Limited (ABL), one of the top five in the country, had had an amazing run of late, and the CY14 financial results consolidated its position further. From top to bottom, it is hard to find even a single glitch in the profit and loss statement, showing how well ABL has responded to a tough set of conditions.
A few months back, Cherat Cement had announced plans to install a new cement manufacturing plant eyeing exponential growth in domestic demand for cement in coming months and years. And the companys volumetric sales have grown in 1HFY15, although not exponentially.
The finance ministry is to make a quick buck without much concern for whether government's decisions make economic sense. The disinvestment of high growth companies in the name of privatization is manifest of government efforts to improve macro optics in short to medium term without carefully computing its opportunity cost. Non tax revenues will boost and the fiscal deficit will be low on accounting books in immediate years followed by forgone dividend in years to come.
The largest industrial lobby of the country, All Pakistan Textile Mills Association is up in arms over the import of subsidized cotton yarn; and not without reason. The import of cotton yarn from India has rocketed since FY12, following the resumption of tax rebates on raw cotton and cotton yarn exports by that country.
The intellectual and political debate surrounding the privatisation of public sector enterprises (PSE) has long been based on the abundance of bias and the scarcity of fact.
While the countrys northern part was caught in the worst petroleum crisis of its times, why does January sales of major petroleum products show an upward climb? The reason behind this increase in month-on-month volumes lies primarily with panic buying right towards the end of the month post the petrol crisis, as highlighted by Optimus Capital Management.
Thanks to falling oil prices and better-run foreign policy by the military leadership, the sixth IMF review has concluded smoothly and seventh tranche of $500-550 million is expected to flow in by March, after necessary approvals from the Fund’s executive board on the recommendation of the staff’s report.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln