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Last update: Sun, 11 Dec 2016 06pm

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Pakistan is all set to impose Non-Tariff Measures (NTMs) on Indonesia on a reciprocal basis aimed at making import of palm oil more restrictive like Jakarta did with Islamabad, well-informed sources told Business Recorder. Indonesia is the biggest economy of ASEAN region with GDP of around $859 billion in 2015. It has also 4th world's largest population of 255 million with per capita income $11,100(ppp) which makes it a lucrative consumer market.

The Securities and Exchange Commission of Pakistan (SECP) has sought powers to conduct the inspection of collateral management companies (CMCs) and proposed to make it mandatory for CMCs to obtain licenses from the commission to perform the activities of managing produce as collateral or any connected or related activities. The SECP has issued draft Collateral Management and Warehousing (Establishment & Operations) Regulations, 2016, under the Companies Ordinance, 2016 here on Friday to encourage electronic trading of agricultural commodities through the platform of Pakistan Mercantile Exchange.
Finance Minister Ishaq Dar met with Remy Rioux, Chief Executive Officer of French Development Agency (AFD) in Paris. The CEO of AFD appreciated the progress that Pakistan has made in stabilising the economy and taking it to a higher trajectory of growth. During the meeting, the Finance Minister said Pakistan values the financial assistance provided by AFD to Pakistan in important sectors including energy, water and sanitation. He added that Pakistan government appreciates AFD's support for GoP initiatives for improving the transmission efficiency and water and sanitation in Pakistan.
Workers remittance posted a slight decline of 2.45 percent during the first five months (July-Nov) of this fiscal year (FY17). Overseas Pakistani workers remitted $7.874 billion in July to November of FY17, compared to $8.072 billion received during the same period in the preceding year (FY16), depicting a decrease of $197 million. According to State Bank of Pakistan (SBP), on month-on-month basis, during November 2016, the inflow of worker's remittances stood at $1.616 billion, which is 3.63 percent higher than October 2016 and 3.27 percent higher than November 2015.
The State Bank of Pakistan and all banks will remain closed on December 12, 2016 (Monday) on the occasion of Eid Milad-un-Nabi (PBUH).
Pakistan Stock Exchange (PSX) Friday achieved another milestone as the benchmark KSE-100 index, for the first time in its history, crossed 45,000 points psychological level on the back of continuous buying by local investors and institutions. The index closed at 45,387.23 points, with a healthy gain of 645.25 points. Trading activity also improved as the daily trading volumes increased to 407.124 million shares as compared to 368.243 million shares traded Thursday.
Pakistan Stock Exchange (PSX) Friday achieved another milestone as the benchmark KSE-100 index, for the first time in its history, crossed 45,000 points psychological level on the back of continuous buying by local investors and institutions. The index closed at 45,387.23 points, with a healthy gain of 645.25 points. Trading activity also improved as the daily trading volumes increased to 407.124 million shares as compared to 368.243 million shares traded Thursday.