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Minister for Finance, Muhammad Ishaq Dar here on Sunday directed the Economic Affairs Division (EAD) for expediting work on China Pakistan Economic Corridor (CPEC)-related projects. The minister chaired a meeting to review the important economic projects under the aegis of EAD. Secretary EAD, Saleem Sethi gave a detailed update about financing arrangements of rehabilitation of TDPs, said a statement.

Iran expects to raise oil output by 500,000 barrels per day (bpd) as soon as sanctions are lifted and by a million bpd within months, Oil Minister Bijan Zanganeh said in remarks broadcast on Sunday. "We are already doing marketing, and within a day after the lifting of sanctions we will raise (production) by 500,000 barrels per day," Zanganeh said. He said Iran's crude production had fallen about one million bpd from about four million bpd under the sanctions, state television reported. "Within the next few months, we will return to the level of 3.8-3.9 million barrels," Zanganeh added.
Last week saw Karachi stocks depicting a negative trend with benchmark KSE-100 index shedding 0.2 percent to close at 35,741.52 points. The daily trading turnover also remained southward and ended the week on average at 403 million shares, down by a massive 37 percent. The average daily value of the stocks traded during the week under review also settled in red and depleted by 21 percent at Rs 12.8 billion or $126 million.
Last week saw Karachi stocks depicting a negative trend with benchmark KSE-100 index shedding 0.2 percent to close at 35,741.52 points. The daily trading turnover also remained southward and ended the week on average at 403 million shares, down by a massive 37 percent. The average daily value of the stocks traded during the week under review also settled in red and depleted by 21 percent at Rs 12.8 billion or $126 million.
The futures spreads increased by 314 basis points (WoW) to reach 13.14 percent during the outgoing week ended on July 31, 2015. Trading activity on the futures counter also witnessed an upward trend and the average daily volume surged by 141.3 percent to 66.97 million shares. Similarly, with an increase of 116 percent (WoW), the average daily trading value stood at Rs 4.967 billion during last week.
Federal Board of Revenue (FBR) Senior Member Policy Inland Revenue Shahid Hussain Asad has said that the FBR should have financial and administrative autonomy to spend and perform, as a tax collecting agency in better way independently.
Iran plans on buying 80 to 90 Airbus and Boeing passenger planes per year until 300 are in place to replace its ageing fleet, media reported Sunday quoting a civil aviation official. Civil Aviation Organisation (CAO) deputy chief Mohammad Khodakarami said the July 14 nuclear deal struck with Western powers lifts a ban preventing Iran from purchasing new planes and spare parts.
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Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln