Stocks Observer. com

KARACHI: Pakistan Oilfields Limited (POL) has posted around four percent growth in profit after tax (pat) to Rs 3.865 billion in first half of current financial year over Rs 3.719 billion in the same period of previous year. Company announced Rs 8 per share for the half year ended on December 31, 2008, a notice of Karachi Stock Exchange stated on Friday. The earnings per share rose to Rs 16.34 in the period under review against Rs 15.72 in the previous year. The net sales of the company also increased to Rs 8.653 billion in the said period as compared to Rs 7.905 billion in the previous year. The exploration costs jumped substantially to Rs 1.748 billion against Rs 117 million in the last year. Attock Refinery Ltd: Attock Refinery Limited recorded Rs 689 million net loss during first half of current fiscal compared to profit after tax of Rs 1.632 billion in the previous year. This loss after tax translated into negative earnings per share of Rs 8.08 in the period under review against

KARACHI: Finance Advisor Shaukat Tarin has said that the stock exchange crisis has died down and it was now on its way to recovery. Addressing a gathering here, Finance Advisor, Shaukat Tarin said that the government was gearing up the process of privatization for boosting foreign investment. He said that further $4.5 billion would be required for the improvement of balance of payments. Shaukat Tarin said that Pakistan economy being adversely affected in the war against terror.