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Company News: Pakistan


Pakistan Petroleum Limited (PPL) posted a consolidated earning per share (EPS) of Rs 11.49 during the first half of current fiscal year, 1HFY15. The petroleum giant's EPS showed a decline of 15 percent compared to Rs 13.50 it had posted during the same period last year. The result is accompanied with an interim cash dividend of Rs 4.5 per share versus Rs 5 per share of 1HFY14.

Recently named and listed on the prestigious Forbes' 30under30 list of social entrepreneurs for 2015, Fiza Farhan is one of Pakistan's youngest CEO's within the field of social entrepreneurship and was the only Pakistani to appear on the coveted list for 2015.
Honda Atlas Cars Pakistan Limited (KSE: HCAR) was incorporated in November 1992 and is a joint venture between the Honda Motor Company Limited Japan and the Atlas Group of Companies in Pakistan. The company's plant was established in Multan in 1993, with the first car rolling out of the assembly line a year later. HCAR is listed at the Karachi, Lahore and Islamabad Stock Exchanges. The board of the company is chaired by Mr Yusuf H. Shirazi while Mr Takeharu Aoki serves as the President and CEO.
Incorporated in 1932, EFU General Insurance was formed under the leadership and administration of Mr Ghulam Mohammad and the financial and mutual support of Aga Khan III and the Nawab of Mughal. Under the umbrella of EFU Group, the company stands as the leading insurance company. EFU General offers non-life insurance products comprising of property, marine/aviation, motor and other miscellaneous products.
Engro Foods (EFOODS) Monday announced a consolidated earning of Rs 868 million for 2014 which, the analysts said, was almost flat compared to last year's Rs 870m. Compared to last year's Rs 1.14, the company announced an earning per share (EPS) of Rs 1.13 with its profit accumulating to Rs 616m during 4Q2014. The corresponding quarter of 2013 had seen the company braving a loss of Rs 370m.
Incorporated in 1992 as the country's first private sector life insurance company, it now ranks as the second-largest private sector life insurer in Pakistan. With a branch network of more than 150 branches throughout the country, it provides coverage to over one million lives. Under the umbrella of Bancassurance, the company has alliances with 12 leading banks for distribution of its life insurance products. With respect to group benefits scheme, the company has its own marketing team focusing on providing life insurance coverage to corporate entities and bank clients.
Pakistan's power crisis has been making headlines for many years. Yet - and despite all the so-called potential of alternate energy in this country - the Alternative Energy Development Board (AEDB) has precious little to show in all these years. Perhaps this why it does not communicate with the media, or otherwise inform the public of its targets or plans; indeed, it does not even release any kind of annual report as a part of basic communication exercise.


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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln