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The government borrowing from commercial banks has considerably squeezed credit to private sector, compromising the growth rate. The International Monetary Fund's (IMF) performance criteria on net ceiling on budgetary borrowing from State Bank of Pakistan (SBP) for the Sixth Review of economic performance under $6.64 billion Extended Fund Facility (EFF) accounted for enhanced borrowing from commercial banks.

The central bank Wednesday revised its guidelines for Microfinance Credit Guarantee Facility (MCGF). The State Bank of Pakistan (SBP), through a circular, offered higher risk coverage of up to 60 percent to banks and development finance institutions (DFIs) for lending to smaller Microfinance banks (MFBs) and microfinance institutions (MFIs).
The Federal Reserve on Wednesday said it would remain "patient" on raising ultra-low interest rates as the economy posts "solid" growth. Wrapping up a two-day monetary policy meeting, the Federal Open Market Committee, as expected, left unchanged the key federal funds rate near zero, where it has been pegged since late 2008.
Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi has said that the first shipment of Liquefied Natural Gas (LNG) will reach here on March 31, 2015 and the construction of Iran Pakistan (IP) Gas Pipeline Project is under way which will be completed by the end 2016 or start of 2017. Addressing a press conference here on Wednesday the minister ruled out any petrol crisis in future. He said arrangements have been made keeping in view expected reduction in oil prices next month and rising demand of petrol.
The cut-off yield of long-term government securities has come down to a single digit mainly due to a recent cut in key policy rate. State Bank of Pakistan (SBP) in its Monetary Policy, announced Saturday, cut the interest rate by 1 percent to 8.5 percent for next two months. After the rate cut, the first auction for sale of long-term investment bonds was conducted on Wednesday and the federal government successfully got low cost financing to meet its fiscal requirements.
The overbought Karachi stocks market descended into a negative territory Wednesday due to what analysts said institutional profit-taking in select leveraged stocks and dismal financial results of some oil heavyweights. The third day of the "rollover week" saw the KSE 100-share index sliding to 34,386.86 points, down 151.5 points or 0.44 percent. Foreign investors also played cautiously and offloaded their holdings worth $3.74 million (net).
The overbought Karachi stocks market descended into a negative territory Wednesday due to what analysts said institutional profit-taking in select leveraged stocks and dismal financial results of some oil heavyweights. The third day of the "rollover week" saw the KSE 100-share index sliding to 34,386.86 points, down 151.5 points or 0.44 percent. Foreign investors also played cautiously and offloaded their holdings worth $3.74 million (net).
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Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln