Findings from a latest Quality of Service (QoS) survey confirmed what many in the twin cities have come to experience: Zong is providing far better mobile broadband speeds than other operators. This is according to brief findings released by the Pakistan Telecommunications Authority in its recent QoS survey done in Islamabad, Peshawar, and Rawalpindi. The survey is reportedly in progress in other cities.
While we celebrate another spectacular month of auto sales in FY16 (Read "Marching auto sales," published April 13, 2016) lets not forget to mourn the tractor industry; for the nine months ended FY16, tractor sales have plummeted by a third year-on-year, while production is down 39 percent. This is in spite of a four-decade low policy rate, increased credit to the agriculture sector, and lower fuel prices.
If one looks at the global map the South Asian region without a doubt has a unique position. The eight countries in the region reflect a highly diverse landscape, multiple languages but also at the same time show immense similarities. On the other hand, this part of Asia is the least economically integrated region and also faces numerous challenges on the climate front, and terrorism. It is also a part of world which undergoing significant changes and in some cases turbulence.
Compared to last year, Pakistan's telecom giant has started off this calendar year on an upbeat note. As per first quarter results (ending March 31, 2016) announced to the KSE by Pakistan Telecommunications Co. Limited (KSE: PTC), the PTCL Group had accumulated net profits nearly 2.5 times the level seen in 1QCY15. All thanks to visible decline in core costs and operating expenditures, besides some friendly non-operating elements!
Low interest rates were always going to compel banks to start lending more than they have been accustomed to in the last two years. Not that the ADRs have taken a drastic shift, but a shift nonetheless, can be seen coming. Bank Al-Habib (BAHL) announced the 1QCY16 results yesterday, kick-starting the banking results season. The mid-tier bank reported a massive 58 percent year-on-year growth in profits for the period.
Attock Petroleum Limiteds (PSX: APL) financial position seems positive at a first glance; earnings for 9MFY16 jumped up by 22 percent year-on-year - a growth rate much higher than what the market was anticipating. And this one reason steals away the spotlight from other core factors that are visible while digging deeper.
Lower oil prices have helped to scale up the petroleum product spread due to higher demand of the end product. Gross refining margins for the refinery segment have witnessed improvements in recent months.