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Category Archives: Brokerage

Pakistan moving forward on path of development: Masood

President Azad Jammu and Kashmir Masood Khan says Pakistan has successfully defeated terrorism and extremism in all its forms.
Talking to a British Council delegation in Islamabad on Sunday, he said infrastructure of terrorists has been demolished and …

IGI Securities Limited – Investor Kit3

Karachi, December 20, 2016 (PPI-OT): International

China’s economic growth is expected to cool in 2017 as its top leaders flag tighter monetary policy and further curbs to clamp down on asset price bubbles, especially in the property market, even as a sharp drop in the yuan has fed fears of markets turmoil. http://www.reuters.com/article/uschina-economy-idUSKBN14807H

IGI Securities Limited – Investor Kit2

Karachi, December 20, 2016 (PPI-OT): Miscellaneous
Dutch company FrieslandCampina Pakistan BV (FC Pakistan) has completed its acquisition of a majority stake in Engro Foods at an estimated price of $446.81 million and the company is expected to bring i…

IGI Securities Limited – Investor Kit1

Karachi, December 20, 2016 (PPI-OT): Steel

Acting Chinese Ambassador Zhao Lijian on Monday announced that China will set up a steel factory in Gwadar. “The steel factory will be three times bigger than the free economic zone being set up in the Gwadar city, and an agreement in this regard between China and Pakistan will be signed soon,” Zhao Lijian said while speaking at a conference on the China-Pakistan Economic Corridor (CPEC) organized by an Islamabad based think-tank, Strategic Vision Institute (SVI).http://nation.com.pk/business/20-Dec-2016/china-to-set-upsteel-factory-in-gwadar-under-cpec

Elixir Securities Limited – Initiation Report

Karachi, November 22, 2016 (PPI-OT): Amreli Steels Limited

Ready To ‘Steel’ the Show; BUY

Elixir Securities Limited initiate coverage on Amreli Steels (ASTL) with a BUY call with JS Securities Limited’s Dec-17 TP of PKR81/sh offering an upside of 21% …

Indian TV Channel Disciplined for Terror Coverage

NEW DELHI � Prominent Indian editors and journalists have criticized the government for ordering a leading television news channel to go off the air for one day as a penalty for its coverage of a terror attack earlier this year.

The Editors Guild of India called the ban � the first on a media broadcaster for reporting terrorist attacks � “harsh censorship” reminiscent of emergency rule imposed in 1975, when fundamental rights were suspended in the world’s largest democracy.

An Information and Broadcasting Ministry panel said the NDTV Hindi channel allegedly revealed “strategically sensitive” information that could have been picked up by terrorist handlers and potentially harmed national security during operations to take out militants who attacked the Pathankot air base in northern India in January. Seven Indian soldiers were killed in the attack.

The panel said the TV channel put out information on weapons and on the location of fighter planes and tanks at the air base.

Denying the charges, NDTV said in a statement that it is shocking that it has been singled out. Every channel and newspaper had similar coverage. In fact, NDTV’s coverage was particularly balanced. The statement added that “after the dark days of the emergency when the press was fettered, it is extraordinary that NDTV is being proceeded against in this manner.”

The emergency rule it referred to was a 21-month period from 1975 to 1977, when India’s media was subjected to strict censorship.

Punishment protested

Calling the government’s order a direct violation of media freedom, Editors Guild of India President Raj Chengappa told VOA “this is very, very harsh punishment meted out.” The government could have taken legal recourse, he said, adding, “We think the ban is an extreme step.”

The Editors Guild has called on the government to withdraw the order.

The government has given itself the right to impose punishment on media, Chengappa said. “Today it could be a national security issue. Tomorrow the government could turn around and say, we did not particularly like the coverage of another program. What then?”

A prominent news anchor with the rival India Today media group, Rajdeep Sardesai, tweeted, “One of India’s most sober and responsible channels, NDTV India, to be banned for a day by I and B Ministry. NDTV today, who tomorrow?”

NDTV is reputed to be one of India’s most balanced channels.

Guidelines for coverage of terror attacks were communicated to the stations last year after reporting of the devastating 2008 terror attacks in Mumbai came under scrutiny. Fears were voiced that information put out by some broadcasters on the whereabouts of security forces and civilians could have helped the terrorists, who were holding hostages inside a five-star hotel. The attack claimed 170 lives.

That criticism prompted guidelines directing TV channels to avoid live broadcasts of security operations and to restrict giving out details, such as the number of hostages during an ongoing attack.

Last year, the government took Qatar-based international news channel al-Jazeera English off the air for five days for showing maps with parts of Indian territory inside Pakistan.

Source: Voice of America

JS Securities Limited – Result Review Banking

Karachi, October 28, 2016 (PPI-OT): MEBL: 3Q2016 EPS posts 12% YoY growth, clocks in at Rs1.42 Meezan Bank Ltd (MEBL) announced its 3Q2016 result today posting PAT of Rs1.43bn (EPS: Rs1.42), registering 12% YoY growth and taking 9M2016 EPS to Rs4.10 (+4% YoY). The bank announced no cash dividend with the result, keeping 9M2016 dividend …