12042016Sun
Last update: Sun, 04 Dec 2016 02am

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Lately, the government policies on power projects have been too confusing, and illogical. At one end its trying to shelf half of HUBCO's imported coal based power project where the physical work on the jetty is under process; on the other hand, the government is planning in haste to set up RLNG based new power plant of 1200 MW. Two projects on imported coal by private sector where the feasibility and foreign financing had been arranged, are already down the gutter as government is now supposedly entertaining only projects based on indigenous fuel.
The headline inflation for October stood at 4.21 percent - highest since December 2014. On a monthly basis, CPI also inched up by 0.81 percent. The July-October average CPI came in at 3.95, signaling that the CPI is slowly but surely moving north, albeit, still manageable.
If you are still getting in touch with your overseas pals by dialing a phone call, then either you are recklessly rich or you are simply ignorant of the perks modern connectivity has to offer. For these days, over-the-top (OTT) applications - such as WhatsApp, Viber, Skype, and a host of social media messengers - allow connected users to powwow at just a fraction of a cost compared to days of yore.
It is now a well-known fact that access to financing is one of the biggest hurdles being faced by SMEs in their quest to sustain and grow themselves. The SBP has also realised this and has been taking steps to encourage credit supply which have borne some fruit. SME financing increased by 14 percent in FY16 as compared to FY15 with a recorded amount of Rs298 billion according to the SBPs Quarterly SME Finance Review for the year ended June, 2016.
The rumours that Shanghai Power Electric is the key bidder for a stake in K-Electric Limited (PSX: KEL) have been affirmed as Abraaj Group enters into a definitive agreement to divest its stake in K-Electric to Shanghai Electric Power Company (SEP) for $1.77 billion. Abraaj Group that holds the controlling stake of 66.4 percent in KEL under KES Power, the parent company of K-Electric Limited, had announced its divestment plans back in September 2016, and SEP was a potential contender for sale amongst other Chinese power companies.
It has been a solid start to the new fiscal for NetSol Technologies Limited (PSX: NetSol). In the just concluded quarter, the Lahore-based software firm has posted a net profit that is bigger than its net profit in all of FY16. Recall, that after making losses in FY14 and FY15, NetSol had returned to nominal profitability in FY16.
ICI Pakistan Limited (PSX: ICI) reported its financial results for the first quarter of FY17. The earnings per share (EPS) of the company clocked in at 6.96 rupees up 33 percent compared to previous year. ICI showed improvements across the board.