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Tag Archives: July-September

MobiCash sees 13pc rise, TimePey up 11pc: BB transactions declined 6pc in July-Sep

KARACHI: Except for MobiCash and Timepey, the number of transaction of branchless banking (BB) declined 6 per cent to 66.8 million during July-September of 2014 as against 71.2m in the corresponding quarter of last year. According to the State Bank of Pakistan report, all types of major transactions i.e. agent liquidity, over-the-counter (OTC) and mobile wallet (m-wallet) declined during the ... Read More »

Trucks production up by 125.66pc: LSM grows 1.86% in Q1, textile up 1.03%

ISLAMABAD: The Quantum Index Number (QIM) of large scale-manufacturing (LSM) industries increased to 113.25 points during first the first quarter (July-September) of the current fiscal 2014-15 against 111.4 points last year, posting an increase of 1.86 percent growth of large scale manufacturing sector (LSM). According to the data of Pakistan Bureau of Statistics (PBS), though the LSM sector’s growth was ... Read More »

Samsung profit dips 60.1% in 3Q

TOKYO: Samsung Electronics Co Ltd said that third-quarter profit fell 60.1 percent from a year earlier to the lowest in more than three years, as earnings for the mobile division continued to reduce. The world’s top smart phone maker reported July-September operating profit of 4.1 trillion won ($3.90 billion), in line with its estimates issued earlier in October. But recently ... Read More »

Foreign investment declined by 26.6% due to PTI, PAT sit-ins

ISLAMABAD: Foreign investment declined by 26.6 percent during three months time from July-September due to the protest and sit-ins by the Pakistan Tehrik-e-Insaf  and Pakistan Awami Tehrik. Similarly, Pakistani exports during same period declined by 6.273 percent while imports increase by 10.598 percent. Statistics collected by the Ministry of Finance and available with this scribe, revealed here on Monday that ... Read More »

Indus Motor records 28pc profit, Pakistan Petroleum earns Rs13.6b

KARACHI: Indus Motor Company (IMC) has earned a net profit of Rs1.1 billion during first quarter of current fiscal year, showing a growth of 28 per cent from Rs0.9 billion it recorded during the same period last year. The company’s sales revenue from Completely Knocked Down (CKD), Completely Built Units (CBU) and spare parts business has increased by 21 per ... Read More »

FBR collects Rs63b ‘more’ revenue in July-Sept

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs563 billion in July-September of current fiscal year as compared to last year’s Rs500 billion, showing growth of 12 per cent. However, there is Rs20 billion shortfall as FBR collected Rs563 billion during the first quarter FY 2014 against the target of Rs583 billion. Sources said that despite the ongoing political turmoil, ... Read More »