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Abbott Pakistan has managed to stay in good shape. Undeterred by the intricate conditions hurting the growth of pharmaceutical industry, Abbotts profitability keeps on getting bigger and better.
Last week this column highlighted some of the issues in measuring consumer price inflation (CPI) in Pakistan. In our continuing coverage of the same today, this piece will focus on the health group within CPI and how perhaps the Pakistan Bureau of Statistics (PBS) could change the way its historically included or excluded items from the overall CPI basket.
Shared interests can do wonders. No surprise then that two major are honing in on a diplomatic endgame to Afghanistan's long war. As Yanks are leaving town, Hans are entering the fray. Exhausted and bereft of ideas, the former is seemingly not peeved about taking a back seat. The latter, meanwhile, is expending its immense politico-economic goodwill to bring order to a country better known for its warring tribes.
Firm domestic cement prices, higher sales and a growth in exports despite the industry-wide trend helped Lucky Cement turn in a sound performance in the first six months of the going fiscal. The companys financial results released on Monday, showed a growth of 9.4 percent in the top line.
National Foods Limited (KSE: NATF) announced its financial performance for 1HFY15 yesterday on Karachi Stock Exchange, and the earnings were zesty. The steady growth trend in the firms earnings seems to have picked up pace in the first six-month.
The current account deficit was marginal at $95 million in January exhibiting the benefits of falling oil prices. Falling commodity prices and global economic slowdown have had repercussions on exports but the fall in imports is thus far steeper, taming the deficit. In the first quarter of the fiscal, the current account deficit was $1.6 billion which was thinned to one-third in the second quarter to $0.56 billion and the third quarter is expected to see the current account land a surplus. The seven months deficit is standing at $2.3 billion (1.4% of GDP) but this will be restricted to around $2-2.5 billion (0.8-0.9% of GDP) for the full year.
Pakistan's remittance respite is real. But experts caution against leaning too much on that, arguing for more steps to channelize untapped inflows. In this context, it must be noted that while the GCC inflows have consistently risen lately, proceeds from the West have seen a growth slowdown.


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln