Welcome to Elixir

A Dawood Group Company

Elixir's name means a "potion" which is used by martial arts performers or in Kung Fu days for longevity and immortality. Elixir also means life and we at the company continue to strive to build relationships for longer term. We pride ourselves to be one of the leading stock broking company in Pakistan, having inherited state of the art systems from W.I Carr Securities backed by a strong sponsor 'the Dawood Group'. We also remain steadfast in our long term goals and make every effort to be a professional outfit employing the best possible human capital available to achieve its goals and ensures a strong bond amongst its employees with a sense of ownership.

News

Posted on May 14th, 2012

Govt. releases PKR23bn to energy sector (Energy)

· The government has released PKR23bn to the power sector on Friday to reduce circular debt. The money was to be paid directly IPPs and Wapda for onward payment to PSO. more..

Posted on May 14th, 2012

Govt releases Rs154.7 billion in10 months for development projects (Economy/Cements)

· The Planning and Development Division has released Rs154.7 billion, or 67.7 percent of the full-year target of Rs228.4 billion, in the first ten months of the current fiscal year to different ministries and divisions for development projects under Public Sector Development Programme (PSDP). more..

Posted on May 14th, 2012

Construction industry: FBR considering re-imposing WHT at minimum rate of five percent (Cements)

· The Federal Board of Revenue is planning to re-impose withholding tax (WHT) at minimum rate of 5 percent on construction industry in budget 2012-13. more..

Posted on May 14th, 2012

MND Exploration and Production Limited: PPL to acquire assets in Pakistan, Yemen (PPL)

Pakistan Petroleum Limited (PPL) is likely to acquire assets of MND Exploration and Production Ltd in Pakistan and Yemen through share purchase. · MND Exploration and Production Limited (MND) a wholly-owned London-based subsidiary of KKCG SE, one of the largest privately owned groups in the Czech Republic, recently announced to divest its entire interest in oil and gas assets in Pakistan and Yemen. more..

Posted on May 14th, 2012

Government to extend Rs 12.2 billion sovereign guarantee to NITL (Market)

The government has decided to extend sovereign guarantee of Rs 12.2 billion to the National Investment Trust Limited (NITL) against a loan taken from state enterprises to stabilise stock market in 2008, instead of paying it back to financiers... more..

Posted on May 14th, 2012

Urea import deal lapses (Fertilizer)

An international urea import deal between Trading Corporation of Pakistan (TCP) and a pre-qualified firm has lapsed after foreign supplier failed to supply urea as per the agreement. · TCP has also forfeited performance-guarantee worth over Rs 100 million, deposited with state run grain trader by the international supplier... more..

Posted on May 14th, 2012

Thar Coal Gasification Project hits a snag (Energy)

Planning Commission Member Energy Shahid Sattar has also taken a firm stand against the Thar coal gasification project. · “The Coal Gasification Pilot project run by scientist Dr Samar Mubarakmand in Sindh has not yielded results,” he said while addressing the 4th Oil and Gas Pakistan 2012 Forum. more..

Posted on May 14th, 2012

Limited access: EU to open gates for Pakistani goods but not for long (Economy/Textiles)

After twenty months, the proposed European Union (EU) trade concessions aimed at helping Pakistan’s economy to recover from losses inflicted by floods in 2010, have become political baggage for the 27-member confederation rather than measures meant to lessen Islamabad’s economic woes... more..

Posted on May 14th, 2012

CGT rules not to facilitate money laundering (KSE)

The apex regulator in its dispatch to the bourses stated that the Finance (Amendment) Ordinance, 2012 under which the tax department would not ask questions on the source of funds invested in stocks up to June 30, 2014, is not all inclusive. The money suspected to be channeled into the stocks in contravention of Anti-Money Laundering Act, 2010 would remain open to questions. more..

Posted on May 14th, 2012

SBP toughens stress testing for banks (Banks)

· State Bank of Pakistan (SBP) has revised the Stress Testing for financial institutions, aiming to further strengthen the risk management capacity of banks and development financial institutions (DFIs) more..