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Saroor Investment takes over AHBL management

Saroor Investment has taken over the management of Arif Habib Bank Limited (AHBL) and has changed the board of directors.

Feb 2010 inflation preview

According to the latest data released by the Federal Bureau of Statistics, price pressures have exhibited a marginal decline in Feb '10 as compared to Jan '10.

Feb 2010: lacklustre month at the KSE

Feb 2010 turned out to be a lacklustre month for KSE. While volumes remained thin and second tier centric (refer graph alongside), index performance was marred by news of capital gains tax imposition

Fertilizer Sector monthly update

Fertilizer numbers for the first month of CY10 (Jan) have been released by the National Fertilizer Development Centre (NFDC). Urea offtake in Jan '10 stood at 546.2k tons compared to 598.6k tons in Ja

Hub Power Company Limited

Hubco reported a solid set of 1HFY10 results, beating both our and market expectations. 69% YoY earnings growth (EPS: PRs2.47) and 85% YoY higher dividend (DPS: PRs2.50) in 1HFY10 were led by:

IMF: signs of economic recovery but energy problems still loom

The IMF has observed that heightened military operations, revenue deficits and delays in disbursements of pledged donor support have complicated fiscal management leading to spiraling inflation in Pak

Surge in cost push inflation: diverging trends side

The upward inflationary phase is gaining strength where headline CPI inflation has risen to 13.68%YoY in Jan 10 inline with our estimate 13.5%YoY

IMF Financial Review & the fiscal side

As the IMF begins the fourth economic review to assess the observance of end-Dec'09 targets, the GoP is reportedly considering negotiating for increased credit allocation to bridge the shortfall creat

Telecom sector monthly update

Telecom statistics recently released by the Pakistan Telecommunication Authority (PTA) show cellular teledensity inching up to 59.6% in Dec 09

Dis-inflation to inflation: upswing gathering pace

Inline with our earlier view regarding the evolving inflationary dynamics, the hike in power and energy prices is now mirrored in the sharp increase in the overall price level.

PTCL posts net profit of Rs 5.354 billion in six months

The Pakistan Telecommunication Company Limited (PTCL) has announced financial results for the half year ending December 31, 2009 posting a net profit of Rs 5.354 billion, registering growth of 13%.

Seasonal flows leading credit offtake

Following a 6%YoY contraction in the stock of private sector loans in 9MCY09, latest SBP data indicates that the banking sector has extended loans of PkR181bn to the private sector in 4QCY09.

A choppy ride towards 10,000

The outgoing week witnessed significantly better volumes at the local bourses (229mn shares) compared to last week (157mn shares).

Textile Sector: 1HFY10 update

According to latest data released by the Federal Bureau of Statistics (FBS), 1HFY10 total exports amount to US$9.1bn out of which textile exports during the period contributed US$5.03bn

External deficits, exchange rate & the impact of oil

Despite improvements on the external side, the PkR exchange rate has experienced rising distress in previous months, slipping by 0.8% against the US$ in Dec 09

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Aqeel Karim Dedhi

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