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Company News: Pakistan


Going through web-copies of scanned balance sheets with blurry texts and numbers is quite a painstaking task. But when a firm's stock shoots or rather sky rockets after hibernating for about four years, then the same blurry balance sheets start looking quite appealing.

Habib Metropolitan Bank posted a profit-before tax of Rs 7.31 billion for the year 2014, registering a year-on-year profitability boost of 43 percent. The Bank achieved broad based organic growth, with its network expansion and resource mobilisation driving growth across its business segments. The Bank's Profit-After-Tax amounted to Rs 4.93 billion on December 31, 2014. Resultantly, HabibMetro's EPS increased by 39.47 percent and marked at Rs 4.70 at the end of 2014.
Pedro Meduna is the Founder and CEO of Emerging Markets for Tripda. He has founded and currently manages operations in 12 countries including Pakistan. A business graduate of Fundacao Getulio Vargas in Brazil, Meduna has previously worked for leading private equity firm TMG Capital as well as consultancy giant, Bain & Company. In a recent trip to Pakistan, he shared the following responses with BR Research.
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.


Index Closing Chg%
Arrow DJIA 18,203.37 0.47
Arrow Nasdaq 4,979.90 0.56
Arrow S&P 2,107.78 0.45
Arrow FTSE 6,889.13 0.74
Arrow DAX 11,280.36 1.14
Arrow CAC-40 4,869.25 0.98
Arrow Nikkei 18,815.16 0.06
Arrow H.Seng 24,702.78 0.74
Arrow Sensex 29,593.73 0.46

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