08302016Tue
Last update: Tue, 30 Aug 2016 06am

Stocks and Bonds: Pakistan

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The government has decided to launch a two-year special development programme titled Wazeer-e-Azam Qaumi Taraqiati Program, 2016-18, scheduled for completion prior to the General Elections 2018. Federal Cabinet, in its meeting to be held on Wednesday (tomorrow), will accord a formal approval to the programme.

US Secretary of State John Kerry arrived in India on Monday for talks on ambitious plans to hike trade between the world's two largest democracies five-fold to around $100 billion. Kerry will meet with Prime Minister Narendra Modi during the two-day visit to the capital New Delhi and take part in a "strategic dialogue" between the two nations.
Senate Standing Committee on Water and Power on Monday directed power Distribution Companies (Discos) to disclose the name of the defence institution which has opposed installation of Automatic Meter Reading (AMR) system on feeders which supply to defence and strategic installations.Presided over by Senator Sardar Yaqoob Khan Nasar, the committee discussed compliance of recommendations made during its meeting held on June 22, 2016.
Non-Performing Loans (NPLs) of banking industry continued to accumulate, posting a phenomenal rise of over Rs 29 billion during the first half of this calendar year (CY16), posing new challenges for the financial sector. Despite experiencing a slowdown in the last calendar year, NPLs rebounded and are moving upward since January this year. Non-Performing Loans are loans and advances whose mark-up/interest or principal is overdue by 90 days or more from the due date.
The equity market settled above 40,023 points Monday with the KSE-100 index adding 96 points to the previous 39,927 points. In the intraday trade, the benchmark index hit the session's high of 40,102 after slipping to 39,926 points.
The equity market settled above 40,023 points Monday with the KSE-100 index adding 96 points to the previous 39,927 points. In the intraday trade, the benchmark index hit the session''s high of 40,102 after slipping to 39,926 points.
Finance Minister Ishaq Dar said on Monday that China has chosen the right time for investment in Pakistan because it is ready to take off in the direction of high growth after overcoming the economic challenges.