05052016Thu
Last update: Thu, 05 May 2016 11pm

Stocks and Bonds

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The Board of Private Power and Infrastructure Board (PPIB) on Tuesday approved two private sector indigenous coal-fired power projects of 600 MW in Thar( Sindh) Hub Power Company Limited will build a 330MW power project at block-II of Thar, while another 330 MW power project will be completed at the same block of Thar by Thal Power (Private) Limited.

China and Japan's economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said Tuesday. Government stimulus measures, lower commodity prices and low unemployment will help drive regional expansion, the International Monetary Fund said, and called on leaders to push on with reforms.
Foreign multinationals in 2014 booked more profits in tiny Bermuda than in China, the UN revealed in a report Tuesday likely to bolster growing international outrage over the lack of financial transparency. The United Nations Conference on Trade and Development (UNCTAD) decried that multinational corporations appeared to be booking income disproportionately in "low tax, often offshore, jurisdictions".
Declining by 0.48 percent the day before, stocks rebounded Tuesday gaining 330 points on the back of what analysts said the rally in the banking and E&P scrips. The KSE-100 index, showing volatility in the intraday trade, rose 0.95 percent to close at 34,897 compared to the previous 34,567. Trading turnover ended higher at 198 million shares the value of which appreciated to Rs 9.22 billion from Rs 7.04 billion on Monday. Of the total 347 issues traded, 171 posted gains, 154 lost their worth and that of 22 remained unchanged.
Declining by 0.48 percent the day before, stocks rebounded Tuesday gaining 330 points on the back of what analysts said the rally in the banking and E&P scrips. The KSE-100 index, showing volatility in the intraday trade, rose 0.95 percent to close at 34,897 compared to the previous 34,567. Trading turnover ended higher at 198 million shares the value of which appreciated to Rs 9.22 billion from Rs 7.04 billion on Monday. Of the total 347 issues traded, 171 posted gains, 154 lost their worth and that of 22 remained unchanged.
Minister for Finance Senator Ishaq Dar participated as panellist in the seminar on "Asia-Europe Economic Cooperation: Fostering Greater Trade and Investment" on the sidelines of ADB's Annual Board of Governors Meeting here. Other panellists were Liqun Jin, President AIIB; Ulrich Schroder, CEO KFW; Kae Yanagisawa, Vice President JICA; and Stephen P Groff, Vice President ADB. Toby Fildes, Managing Editor of Emerging Markets, moderated the seminar.
Pakistan has a fast-growing apparel sector with low prices, but lags behind competitors in reliability, compliance and political stability, says the World Bank (WB). The Bank report issued here on Tuesday, "Stitches to Riches? Apparel Employment, Trade, and Economic Development in South Asia", says that Pakistan offers low prices in most product categories, but it lags behind competitors in reliability and political stability.