Last update: Mon, 25 Jul 2016 03pm

Company News: Pakistan


ImageWith section 68 becoming famous overnight, BR Research thought best to sit down with the man who has been most influential in moving the government in the right direction, even though the initially proposed steps in that right direction have been - in his words - 'misguided'. As per latest updates (Friday evening when this interview was finalised), the Finance Minister had constituted a 13-member committee for fair valuation of the immovable property in 18 major cities of the country in a bid to resolve the issue of real estate builders and association with the Federal Board of Revenue (FBR). The next meeting of that committee would be held on July 27 and the two sides are expected to reach a consensus.
ImageEarlier this month, BR Research met Khawaja Muhammad Nauman, the president of Employers' Federation of Pakistan who has been in the office since 2012. In this interview, Nauman talks about issues in the fixing of minimum wages, and lacunas in the laws relating to labour market regulations in Pakistan.
Pakistan Telecommunication Company Limited (PTCL), the country's leading ICT services provider, has announced its financial results for half year ended June 30, 2016 at its Board of Directors meeting held in Islamabad on 19th July 2016. In the meeting, the Board of Directors has declared 10% interim cash dividend to the shareholders.
ImageNishat Power Limited is the third independent power producer (IPP), which was incorporated as a public limited company in 2007 under the Power Policy 2002, after Attock and Atlas. The IPP is a subsidiary of Nishat Mills Limited of Nishat Group - a conglomerate that has a presence in many sectors like cement, textile, insurance, banking and aviation. Through Nishat Mills Limited, the group currently holds 51 percent of the thermal based IPP, Nishat Power Limited.
Bank Alfalah Limited has declared the following rates of profit on various types of PLS deposits for the half year ended June 30, 2016:

The Bank Alhabib limited has declared the rates of profit on the various PLS deposites for the period of six months ended June 30, 2016:

The First Women bank limid has declaresdeclared the rates of profit on the various PLS deposites for the period of six months ended June 30, 2016: