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BR Research: Among other factors, over-valued local currency is encouraging imports. Government is using duty and tariff barriers to taper this flow. What is your view on this approach? Dr Ishrat Husain: Protectionism does not benefit consumers and it is not in the interest of the country. Firms should be allowed to compete on a level playing field.

Mari Petroleum Company Limited (KSE: MPCL), formerly known as Mari Gas Company Limited, is one of the local exploration and production companies operating in Pakistan. It manages and operates the Country's largest gas reservoir in terms of current reserves at Mari Field, District Ghotki, and Sindh. The Company was renamed Mari Petroleum Company Limited in November 2012.
There is something about Berger Paints. Consider this: Berger's stock has shed 40 percent of its value since late January 2015 as against a 10 percent fall in benchmark Karachi Stock Exchange, the KSE-100. Yet (as of Monday's close) the stock was up 46 percent since July 2014 compared to a 10 percent increase in KSE-100. For a firm that hasn't had a great history of paying juicy dividends, such performance speaks well of the long term value that investors see in the firm's business ahead, though admittedly its performance in the nine months ending March 2015 is nothing to write home about.
Engro Foods (EFOODS) is one of the major FMCG companies in Pakistan. The company came into being under the umbrella of Engro Corporation in 2005. It is a publicly traded company and listed at KSE. The company is engaged in the manufacturing, processing and marketing of dairy products, ice cream, frozen desserts and fruit juices. It has established several brands that have already become household names in Pakistan such as Olper's, Tarang, Dairy Omung, Omung Lassi, Olper's Lite and Omore, amongst others.
Furquan Kidwai is the founder and CEO at and at Dawaai Inc. A graduate from Cambridge University and Imperial College London, and a successful entrepreneur in his own right, Furquan started his career as an investment banker out of London and Wall Street where he worked for the last eight and half years before starting Dawaai Inc in Pakistan. His last assignment was working as the head of emerging market financing with Royal Bank of Scotland. BR Research recently sat down with Furquan in Karachi and discussed dynamics of pharma and e-commerce business in Pakistan and find out the story of his innovative idea of selling medicine online and over the phone. Following is an edited excerpt.
Mian Waqas Masud is the Director of Fazal Industries (pvt) LTD, involved in the business of knitwear and cotton yarn. He is currently on the Board of NAVTTC and Chairman of TEVT Reform Committee of FPCCI.BR Research had an insightful discussion with the third-generation Fazal businessman on how the textile industry is crumbling and what brought it here. Below are edited transcripts of the interview.
Pakistan Oilfields Limited (KSE: POL) is Pakistan's third largest oil and gas exploration and production company. It is a subsidiary of Attock Oil Company. As part of the Attock Oil Group, it is mainly engaged in exploration and production of hydrocarbons in the country since 1950s. It took over the E&P business of AOC in the 1970s. Subsequently it has been autonomously investing and entering into joint venture partnerships with various local and foreign E&P firms like Attock Oil Company, MOL, Tullow, OGDC, PPL, and GHPL.


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln