Tag: Surge

The government is planning to increase the power tariff by a massive 14 percent during the current fiscal year to avoid accumulation of another...

Power tariffs are expected to surge once again by Rs 1.77 per unit on a request made by Central Power Purchasing Agency (CPPA). Power...

Cement prices in the Rawalpindi district have increased in the last two months. The rising cost of construction material especially cement have also shattered...

New research from Tetra Pak, world’s leading food processing and packaging company, forecasts a rise of around 30 per cent in global consumption of...

The US military is asking US President Barack Obama to maintain its troop surge in Afghanistan until the fall of 2012, a month before...

The export of food products during the last ten months of current financial year registered an increase of 29.07 percent as compared to the...

Based on a sample of 41 companies representing 76 percent of KSE-100 market capitalisation, corporate earnings during the first quarter of 2011 were recorded...

ISLAMABAD - The tablet computer market will become the third largest consumer electronics sector, after televisions and personal computers and will grow to $ 49 billion business by 2015 worldwide.
Tablets are a high-value casual-computing segment that is creating huge growth opportunities for major brands and at the same time in Pakistan, said analysts.
The analysts at ABI Research which conducted the research said this year sales volumes of tablet PCs could reach four

KARACHI - Demand of urea, in the upcoming Kharif sowing season, is expected to be on the higher side triggered by attractive international prices of the cotton crop. In addition, reasonably good income from the wheat crop will further strengthen the aforementioned anticipation.
However, import of 225,000 tonnes of urea, out of which 125,000 tonnes have arrived from Saudi Basic Industries (Sabic), at Rs 2,012/bag, and
another 100,000 imported via open tender at Rs 1,920 per

ISLAMABAD - Exports of services from Pakistan surged by 55.69 percent during the first seven months of current fiscal year as against the same period of last year.
The overall export of services was recorded at US$3.424 billion during July-January (2010-11) as against the exports of US$2.199 billion during the corresponding period of last year, according to data of Federal Bureau of Statistics.
The services that contributed in the positive growth in exports included

KARACHI - In sharp contrast to the hue and cry over the deterioration of the domestic economy in the country, the deposits of the banks have marked astounding growth of Rs 389 billion in eight months of FY11.
By February 2011, deposits of the scheduled banks have mounted to Rs 5.05 trillion, from Rs 4.661 trillion in June 2010. Thus, the deposits have surged by 8.34 percent from July-February period of FY11. In term of US dollars, the growth in deposits amounts to $4.54 billion,

KARACHI: Cars sales including Light Commercial Vehicles (LCV's) have exhibited a phenomenal monthly rise of 64 percent and reached 8,889 units. This increase is largely driven by a 209 percent monthly increase in 1300cc vehicles, in addition to a 20 percent monthly rise in 800cc category. According to the Pakistan Automotive Manufacturers Association (PAMA), the massive rise in January, 2011 is spurred by the 'new year' phenomena as people tend to postpone purchases till the start of

KARACHI - Pakistan Oilfields Limited (POL) is likely to earn a profit after tax (PAT) of Rs 5,165 million with earnings per share of Rs 21.84, a phenomenal 56 percent annual rise. This massive rise is largely driven by an annual rise in oil and gas production of 12 percent and 82 percent respectively.
Net revenue of the company is estimated to rise by an annual 38 percent to Rs 11,294 million compared to Rs 8,173 million recorded in the same period last year. The phenomenal jump

KARACHI - The local bourse underwent bullish activity on Friday as investors' were confident that the interest rate would stay unaltered and were optimistic of an early introduction of the most-awaited leverage product.
On last trading day of the week, the KSE-100 benchmark maintained the 30-month high, gaining 91.42 points to stand at 12,329.65 points against 12,238.23 points. "Leverage mania lifts the benchmark backed by substantial turnover, for new highs," viewed Hasnain

KARACHI - DAP prices in the international market have swelled by 19 percent in November 2010 and reached $588 per tonne compared to an average of $494 per tonne in the third quarter of calendar year 2010.
Resultantly, increase in retail prices stood at a monthly 14 percent in the local market. A sharp decline

KARACHI - With unprecedented floods and rains intensifying an already fragile macro-economic environment of the country, the non-performing loans (NPLs) of the banking system surged by 7.4 percent to Rs 494 billion during July-September 2010.
According to the State Bank of Pakistan (SBP), the persistent macro-environment issues would pose a stiff challenge for some banks to enhance their minimum capital requirement (MCR) to Rs 7 billion by the end of calendar year 2010.