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National Electric Power Regulatory Authority (Nepra) on Friday approved a Rs 2.97 per unit reduction in power tariff for November 2014 under a monthly fuel price adjustment formula but the government has decided to pass on only Rs 2.37 per unit to consumers and keep the remaining 60 paisa for debt servicing of Discos. It is pertinent to mention here that Prime Minister Nawaz Sharif had announced a reduction of Rs 2.32 per unit in tariff in Peshawar on the day when Chairman PTI was in Karachi as part of his anti-government campaign.

The Economic Co-ordination Committee (ECC) of the Cabinet has approved US $65 million (Rs 6.5 billion) fresh funds to National Bank of Pakistan (NBP) Bangladesh by NBP Pakistan to bridge its capital shortfall that if suffered during the Bangladesh operation. The meeting chaired by Finance Minister Ishaq Dar decided that the amount to be remitted in two tranches to NBP, Bangladesh till January 31, 2015.
The State Bank of Pakistan (SBP) has partnered with the UKAID to implement a comprehensive "Financial Inclusion Program" in the country to promote inclusive economic growth through promoting market-based financial services for the poor and marginalized, especially small and micro-enterprises.
Following a decision arrived at a meeting held at the GHQ that a decisive action will be taken against militants, Karachi Stock Exchange's (KSE) benchmark 100-share index closed in a green zone after witnessing instability in the first session. The KSE-100 index closed at 31011.15 points, up by 0.60 per cent or 183.70 points as compared to 30827.45 points on Thursday. During intraday trading, the KSE-100 index has touched highest level to 31034.79 points and plunged to 30757.64 points at lowest level.
Following a decision arrived at a meeting held at the GHQ that a decisive action will be taken against militants, Karachi Stock Exchange''s (KSE) benchmark 100-share index closed in a green zone after witnessing instability in the first session. The KSE-100 index closed at 31011.15 points, up by 0.60 per cent or 183.70 points as compared to 30827.45 points on Thursday. During intraday trading, the KSE-100 index has touched highest level to 31034.79 points and plunged to 30757.64 points at lowest level.
Pakistan is to pay some $400 million to the International Monetary Fund (IMF) in second half of the current fiscal year (FY15) on account of debt servicing. Banking sources said on Friday that debt servicing during the second half of FY15 was much lower compared to the previous years', as the country had already made major payments to the Fund in FY14. Some $3.18 billion, including $3.13 billion of principal and some $51.7 million of interest was paid to IMF during the last fiscal year.
The country's Large Scale Manufacturing Industries (LSMI) registered a positive growth of 1.95 percent in July-October 2014-15 over the corresponding period of 2013-14, according to the data released by Pakistan Bureau of Statistics (PBS) on Friday. The PBS data further revealed that the provisional Quantum Index Numbers (QIM) of Large Scale Manufacturing Industries was recorded at 113.95 points in July-October (2014-15) against 111.77 points during the same period of fiscal 2013-14.
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Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln