Economic Review articles from February 2004

Economic Review archives from February 2004

Investment outlook.(Editorial)
February 1, 2004... According to the federal finance minister, the new budget would be growth and investment-oriented offering broad tax incentives and refund measures. There are several questions that arise in the context. To wheat extent did the recent decline...

An overview of banks' performance.(Comment)(Company Profile)
February 1, 2004... State Bank's comprehensive annual report for the fiscal year 2002-03 (AR-03) was issued a few weeks back which also contains review about the performance of the commercial banks. However, since the financial year of the commercial banks closes...

Performance of Top 100 Companies on KSE during 2002.(Brief Article)
February 1, 2004... The present study includes six tables on Top 100 Companies according to (1) Sales, (2) Net Worth (3) Ratio of Pretax Profit to Net Worth, (4) Earning per Share, (5) Break-up Value and (6) Dividend/Bonus. Pakistan State Oil Company commands the...

PSO tops in sales.(Top Companies According to Sales--2002)
February 1, 2004... Pakistan State Oil (PSO) a public sector organisation, has been maintaining the top position in sales for nearly last two decades by handling three quarter of the petroleum trade of the country during the year under review. PSO continued to...

PTCL maintain top position.(Net Worth--2002)(Illustration)
February 1, 2004... Pakistan Telecommunication Company Limited topped the list and its Net Worth rose 8.40 per cent to Rs.74,683.68 million from Rs.68,896 million in 2001. The Paid-up Capital was Rs.51,000 million and free Reserve was Rs.23,683.68 million. ...

Pakistan International Airlines occupies the top position.(Pretax Profit to Net Worth--2002)(Illustration)
February 1, 2004... Pakistan International Airlines occupied the top position in 2002 with ratio of Pretax Profit to Net Worth of 370.33 per cent. Salfy Textile Mills Limited second position in 2002 with ratio of Pretax Profit to Networth of 241.66 per cent....

Fateh textile again captured top position.(Break-up Value--2002)(Illustration)
February 1, 2004... Break-up Value is net worth per share and is one of the important criteria to measure the financial soundness of a company. The Break-up Value per Share is assessed by adding together the assets (current and fixed) including property and...

Who's who in top 100 companies--2002: the following pages include life sketches of 21 Chairmen and Executives responsible for managing the affairs of top rated companies as shown in various tables being published in this issue.
February 1, 2004... Mr. Sohail P Ahmed a Mechanical Engineer from NED Engineering College, Karachi; he did PGD in Industrial Quality Control, Rotterdam and AMP at Instead, France. He is a Fellow of Institution of Engineers and member of The American Society of...

Wyeth Pakistan Limited tops the list.(Earning Per Share--2002)(Illustration)
February 1, 2004... Wyeth Pakistan Limited topped the list in Earning per Share (EPS) with Rs. 172.19 followed by Unilever Pakistan Limited (Rs. 131.59), Parke Davis Company Limited (Rs.58.02), Rafhan Maize Limited (Rs. 57.66), and Siemens Pakistan Engineering...

General Tyre & Rubber Company Limited tops with 300 per cent dividend.(Dividend--2002)(Illustration)
February 1, 2004... A table of Top 100 Companies has been prepared with dividend and bonus ranking between 300 per cent and 25 per cent. The top company was General Tyres & Rubber Co. Ltd. with dividend of (300 per cent,) followed by Rafhan Maize Ltd. (280 per...

Fateh Textile Mills Limited.(Company Profile)(Fateh Group)(Company Profile)
February 1, 2004... Fateh Group is based at Hyderabad, Sindh, Pakistan, consists of seven Pakistani and nine foreign companies. The last five decades it is producing and marketing agro-based products all over the World. All the seven Pakistani Group Companies are...

Arif Habib Securities Limited.(Company Profile)(Arif Habib Investment Management Limited)(Company Profile)
February 1, 2004... Arif Habib Securities Limited (AHSL) is a listed company registered with the Securities and Exchange Commission of Pakistan as a Securities broker under the Brokers and Agents Registration Rules, 2001. The company has one of the largest...

Sui Northern Gas Pipelines Limited.(Company Profile)(Company Profile)
February 1, 2004... Sui Northern Gas Pipelines Limited was established in the year, 1963. It is thus 40 years of age now. Its basic functions are transmission and distribution of gas. It is a public limited company, with 36% shares of the Government of Pakistan...

Sui Southern Gas Co. Ltd.(Company Profile)(Company Profile)
February 1, 2004... Sui Southern Gas Company (SSGC) is the country's leading integrated gas undertaking responsible for transmission and distribution of natural gas to over 1.62 million consumers, in more than 650 cities, towns and villages in the provinces of...

Kohinoor Energy Limited.(Company Profile)(Company Profile)
February 1, 2004... Kohinoor Energy Limited (KEL) was incorporated in April 1994 under the Pakistani laws, with the aim and objective to take part in the prosperity of the country through power generation. KEL having paid-up capital of rupees 1,695 million is a...

Thal Engineering.(Company Profile)(Thal Ltd)
February 1, 2004... Thal Engineering is a division of Thal Ltd. (formerly called Thal Jute Mills Ltd.). Thal was incorporated in 1966 as a public listed company and is quoted on all the major stock exchanges of Pakistan. The Jute division commenced commercial...

Reliance Weaving Mills Limited.(Company Profile)(Fatima Group)(Company Profile)
February 1, 2004... Reliance Weaving Mills Limited (RWML) is part of the Fatima Group. Fatima Group established RWML on April 7, 1990 as a public limited company and obtained certificate for commencement of business on May 14, 1990. Presently RWML has authorized...

Mari Gas Company Limited.(Company Profile)(Company Profile)
February 1, 2004... History and Background: Mari Gas Field is located at Daharki, District Ghotki, approximately 96 Kms NE of Sukkur. ESSO Eastern Incorporated (EEI) discovered this field in 1957 with the drilling of Mari X-1 to a depth of 2053 feet in the Lower...

Bestway Cement Limited.(Company Profile)(Company Profile)
February 1, 2004... History and Background: Bestway Cement Limited is a part of the renowned Bestway Group of UK. Bestway group has a fairly diversified portfolio with the interests in retail outlets, real estate business, ethnic food import and distribution and...

International Industries Ltd.(Company Profile)(Company Profile)
February 1, 2004... International Industries Limited incorporated in 1948 as a trading company, ventured into the business of manufacturing high quality welded steel pipes and tubes in 1965. The first pipes to roll out were high quality electric resistance welded...

Siemens Pakistan Engineering Co. Ltd.(Company Profile)(Company Profile)
February 1, 2004... Siemens' overall involvement in the region goes back more than 130 years. The company's name first became known through the construction of the Indo-European telegraph line from London to Calcutta in 1870. Siemens' first office in what is now...

ORIX Leasing Pakistan Ltd.(Company Profile)(Company Profile)
February 1, 2004... ORIX Leasing Pakistan Limited (OLP) was established in 1986 and is listed on the Karachi, Lahore and Islamabad Stock Exchanges. Its parent company, ORIX Corporation, is an integrated financial services group providing innovative value added...

Grays of Cambridge (Pakistan) Ltd.(Company Profile)(Company Profile)
February 1, 2004... The company which was incorporated as a private limited company went public in April 1986 and was listed on Karachi and Lahore Stock Exchanges in January 1987. The issue was very well received by public and was ever-subscribed by 200 times, a...

Pakistan Machine Tool Factory.(Company Profile)(Brief Article)(Company Profile)
February 1, 2004... Pakistan Machine Tool Factory (PMTF) is a precision and high-tech engineering goods manufacturing enterprise in Pakistan, established in technical collaboration with Messrs Oerlikon Bubri & Co. of Switzerland who are world's renowned...

Dadex Eternit Limited.(Company Profile)(Company Profile)
February 1, 2004... The Company was established in 1959 as a Public Limited Company and commenced its operations from Hyderabad Sindh where a factory was taken over from PIDC. With the passage of time, the facilities of the company were enlarged to meet the...

Millat Tractors Limited.(Company Profile)(Brief Article)(Company Profile)
February 1, 2004... The Company was established in 1964 and was nationalized in 1972 and was again privatized in 1992 when the management of the Company was transferred to the employees. Ever since privatization, the performance of the Company has been on the...

Dawood Cotton Mills limited.(Interview)(Interview)
February 1, 2004... Q. What is the impact of direct import for China on our economy and how we can save our economy form it? A. The Chinese economy has been charging ahead based on its large consumer base and vast manpower to enable it to become one of the...