FY10: LSM mills out 4.84pc more
The Large Scale Manufacturing (LSM) sector showed a growth of 4.84 per cent during July-June period of the last fiscal year as compared to the same period of the last year due to higher output from consumer goods and luxury goods, according to Federal Bureau of Statistics (FBS) data. more... (TFD)

IMF to review Pakistan budget in talks: official
The International Monetary Fund said on Saturday it will review Pakistan's budget and economic prospects following catastrophic flooding during talks with senior Pakistani government officials starting on Monday. . more... (D)

Pakistan to ask IMF to restructure loan
Pakistan will ask the IMF to ease restrictions on a $10 billion loan in the face of the worst floods in the country's history, the Financial Times reported on Friday. more... (D)

Altaf's remarks about martial law criticised by most parties
Almost every ruling and opposition parties have opposed the Muttahida Qaumi Movement chief Altaf Hussain's call to ‘patriotic generals to take action similar to martial law against corrupt politicians', saying that a civilian set-up must be supported over a military rule.
more... (D)

Country needs France-like revolution, says Altaf
Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that if 'patriotic Generals' take a martial law-like step against corrupt politicians, MQM will support them.
Addressing a general workers meeting at Lal-Qila ground in Aziz Abad Sunday, Altaf Hussain said the country needs a revolution like France. more... (TFD)

'Sialkot event' a national dilemma: Malik
Federal Interior Minister Rehman Malik termed 'Sialkot-incident' as a national dilemma and reiterated that all the elements including police personnel involved in the incident would be punished strictly.
Governor Punjab Salman Taseer and Federal Interior Minister Rehman Malik visited the home of two brothers Mughees 17, Muneeb 15, who were tortured to death in Sialkot three days ago and expressed heartfelt condolence with the family. more... (TFD)

Pakistan's textile seeks greater market access
Pakistan's textile industry is asking for greater access to the US and European Union markets as it struggles for survival after floods devastated the country. .more... (D)

Banks close 64 branches in affected areas
The disastrous flood has badly disrupted the banking services in the calamity-hit areas as over a dozen banks have closed down a total of 64 branches across the country. more... (D)

Pakistan's textile seeks greater market access
Pakistan's textile industry is asking for greater access to the US and European Union markets as it struggles for survival after floods devastated the country. more... (D)

OGDC has reported a discovery
OGDC has announced an oil and gas discovery at Gopang Well # 01 with a production flow of 3.25mmcfd of gas and 100bpd of condensate. The company holds 95% stake in the field. more... (KSE)

Arif Habib Limited

The company in its meeting held on Aug 02, 2010 has announced its financial performance for FY10. The company has reported an earnings of Rs. 150.02mn (EPS: Rs. 4.01) for FY10 against Rs. 153.04mn (EPS: Rs. 4.08) in FY09. more... (KSE)