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Sunrays Textiles Mills Limited (KSE: SUTM) was established in 1987 as a public limited company and is listed on Karachi Stock Exchange. Sunrays, owned by Mian Mohammad Ahmed as Chairman, is part of family group of companies, Indus Group of companies that is the leading textile group in Pakistan, operating in the sector of yarn manufacturing and cotton ginning. Indus group has been engaged in the textile industry since 1955.

Last week, BR Research met Imjaz Latif, the CEO of Sheikhs of Sialkot. Established in 1981 Sheikhs of Sialkot is one of the top three leather manufacturers currently operating out of Sialkot. He is the member of the Sialkot Chamber of Commerce and Industry. The business he is currently heading includes a tannery and a separate garment stitching unit. In this interview, Latif gives a brief overview of leather industry in Pakistan, its issues, and prospects, and also sheds light on the performance of his company.
The Punjab Provincial Co-operative Bank Ltd (PPCBL) declared profit from 1st January 2014 to 30th June 2014 on its various deposit schemes here on Friday. The bank declared 10 percent profit on deposits of senior citizens and widows, but the balance should be more than Rs 10,000. The bank announced 7 percent yearly profit on Saving Accounts, 10 percent on PPCBL kid education plan, 7 percent on saver plus and 7 percent on the easy saving account.
Zarai Taraqiati Bank Limited has declared the rates of return on different types of deposits for the half year ended 30th June 2014.

Deutsche Bank AG Limited has declared the rates of return on different types of deposits for the half year ended 30th June 2014.

Below are selected excerpts from BR Research's sit-down with the President, Islamabad Chamber of Commerce and Industry:
The Bank of Khyber (BOK) (Conventional Branches Only) has declared the following rates of profit on various PLS deposits for the half year ended June 30, 2014.


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln