Tag: cent

FDI in telecom sector reaches 60 per cent

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article image STAFF REPORT ISB: Minister for Information Technology and Telecommunications, Anusha Rehman has informed the National Assembly that Foreign Direct Investment (FDI) has reached 60 percent in the telecom sector. Replying to question in the National Assembly, she said that after launching of 3G and 4G technologies, the number of mobile users increased up to 26 millions, adding the ministry has received three international awards for developments in telecom sectors. The minister said…Read More

Food insecurity haunting 50 per cent Pakistanis: FAO

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article image STAFF REPORT ISB: In Pakistan, despite being one of the major food producing countries in the world, about 50 per cent of its population is food insecure, which needs effective and stringent initiatives to overcome this problem. "Pakistan has contradictions as far as food is concerned. On the one hand it is the 8th largest food producing country and on the other, its 50 per cent population is food insecure," said Patrick Evans, a top representative of the UN Food and…Read More

PSO posts 8 per cent growth last fiscal year

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article image STAFF REPORT ISB: Pakistan State Oil, the largest oil marketing company in the country, has registered a revenue growth of eight per cent year on year on the back of better volumetric sales and better product margins. This has been mainly due to the increasing demand by the power sector and the ongoing CNG curtailment in the country, furnace oil sales and motor gasoline (petrol) volumes increased by eight to ten per cent coupled with inventory gains during the 1H FY14 supported the…Read More

| 8 | cent | fiscal | growth | posts | PSO | year

LSM posts 3.95 per cent growth last fiscal

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article image STAFF REPORT ISB: The large scale manufacturing (LSM) sector in Pakistan posted a growth of 3.95 per cent in last fiscal 2013-14 over its preceding year, shows statistics released by the Pakistan Bureau of Statistics (PBS). According to the data, the Quantum Index Number (QIM) of LSM industries stood at 121.66 points last fiscal as compared to 117.04 points of the preceding year showing 3.95 per cent increase. The LSM sector performance overall was satisfactory during the…Read More

| 395 | cent | fiscal | growth | LSM | posts

Warid outperforms 92 per cent br and s globally

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STAFF REPORT IBD: The Social Bakers 2013 report reveals that Pakistan based mobile operator, Warid Telecom, has become one of the top socially devoted brands, outperforming 92 per cent of all the global brands. It achieved a growth rate of 126 per cent, gaining more fans than 92 per cent of brand pages Social Bakers is tracking globally. It ALSO achieved 82 per cent more interactions than all the brand pages tracked globally. Enhanced online customer experience through customer care on…Read More

Cell phones import drops by 15 per cent

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article image STAFF REPORT IBD: The mobile phone imports into the country decreased by 15.16 per cent and 34.87 per cent during the month of July, when compared to the imports of July 2012 and June last year respectively. According to the Pakistan Bureau of Statistics (PBS), the imports of mobile phones into the country during July 2013 were recorded at $44.678 million against the imports of $52.66 million during July 2012 and $68.594 million in June last. Meanwhile, the overall imports of telecom…Read More

| 15 | cell | cent | drops | import | phones

85 per cent of Pakistanis without clean drinking water

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article image STAFF REPORT IBD: The groundwater samples collected by the Pakistan Council of Research in Water Resources (PCRWR) have revealed that only 15 per cent to 18 per cent samples were safe for drinking both in urban and rural areas of the country. "About 90 per cent of the population in the rural areas of the country lacks access to safe drinking water," said an official of the PCRWR while talking about a report of the Council. According to the report, 79 per cent of the sources…Read More

PTCL registers 15 per cent growth

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STAFF REPORT LHR: The Pakistan Telecom Company Limited (PTC) has announced its 1H2013 result, posting consolidated EPS of Rs1.54 as against EPS of Rs1.34 in the corresponding period last year, translating into a growth of 15 per cent on year to year basis. While on a standalone basis, PTC registered an EPS of Rs0.66, up 12 per cent on year to year basis. The result is above our and consensus estimates. The primary reasons for the deviation from our estimates are 1) higher than expected…Read More

Salinity to affect 20 per cent irrigated l and s

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article image STAFF REPORT IBD: The rising salinity is estimated to affect 20 per cent irrigated area of Pakistan consequently making land production less. There are signs of growing water scarcity and environmental stress in large parts of important cultivated areas in Asia, reveals the Asian Water Development outlook 2013."With significant lack of water, deterioration of water quality will limit water use, threatening the ecosystems, and creating a drag on socio-economic development. Irrigation-induced…Read More

Farm credit disbursement surges by over 13 per cent

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article image STAFF REPORT IBD: The agricultural credit disbursement by banks surged by 13.21 per cent on year-on-year basis to Rs 169.42 billion in the first seven months of the ongoing fiscal year. In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 19.77 billion in July-January, 2013 when compared with the total disbursement of Rs 149.65 billion in the same period of the last fiscal year.According to the available data, the overall credit disbursement by five major…Read More