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Company News: Pakistan


Earlier this month, BR Research sat down with Kashif Ansari, the CEO of Sachal Energy Development - a wind power IPP project in Pakistan - now has just taken charge as the president of Institute of Cost and Management Accountants of Pakistan (ICMAP).

BR Research: What are major accomplishments, developments for Teradata in Pakistan since spin-off from NCR?
The Board of Directors of Silkbank Limited, in their meeting held on February 25, 2015, announced the annual results of the Bank for the year ended December 31, 2014. The Bank declared an Operating Profit of Rs 499 million in 2014 vs. an operating loss of Rs 894.6million reflected in the previous year. The total earnings of Silkbank increased by 49% over last year; with net mark-up income higher by 60% over the previous year.
Pakistan Petroleum Limited has been a frontline player in the energy sector early fifties in the country. The current capital structure of the company consists of 67.51 percent shareholdings of GOP, 7.35 percent of PPL employee empowerment trust, and 25.14 percent of private investors, after the privatisation procedure that resulted 2.5 percent of government holding divestment. The exploration and production firm has been in this business for several years, contributing to about one fourth of total gas supplies, besides producing crude oil, condensate and LPG.
Oil and Gas Development Company Limited (OGDCL) is the largest E&P Company in Pakistan, in terms of market capitalization, production, exploration acreage and profitability. The E&P firm has been operating for more than 50 years in Pakistan, currently having 62 blocks, of which 29 were awarded just last year.
ORIX Leasing Pakistan Limited announced net profit after tax of Rs 321.9 million for the half year ended December 31, 2014 up 31 percent compared to Rs 245 million in the same period last year. Earnings per share increased to Rs 3.92 compared to Rs 2.99 in the previous year.
The Board of Directors of Sindh bank met on Tuesday to review and approve the annual accounts for the year ended December 31, 2014. The bank maintained an overall growth in deposits, advances, accounts opened and profit earned. Deposits increased by 35 percent and stood at Rs 61.884 billion as against Rs 45.756 billion of last year.


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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 $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln