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The following were the cross transactions between client to client & financial institutions here on Friday (September 04, 2015).


Wall Street's early rally faded in afternoon trading on Thursday as investors appeared to turn cautious ahead of a key US jobs report, which is expected to figure in the Federal Reserve's decision on when to lift interest rates. The market rose sharply earlier in the day after European Central Bank chief Mario Draghi hinted at more stimulus measures in the wake of lower oil prices, weaker growth in China and a strengthening euro.
The Economic Co-ordination Committee (ECC) of the Cabinet has allowed SNGPL and SSGCL to raise Rs 101 billion for laying of North-South gas pipeline and directed the ministries concerned to make arrangements for export of rice to Iran against payables towards imported electricity. The ECC meeting presided over by Finance Minister Ishaq Dar was submitted a proposal by the Ministry of Petroleum to allow gas companies to raise required funds for RLNG pipeline for supply to 3600MW planned power plants to be set up by 2017.
Prime Minister Nawaz Sharif chaired a meeting to review the progress on installation of LNG power plants in the country at PM House here on Thursday. Secretary Water and Power Younas Dhaga briefed the Prime Minister about the current status of the development of LNG power plants with combined capacity of 3600 MW. The Prime Minister directed to speed up the development work so that benefit of LNG power plants could be given both to industrial and domestic sectors.
Following increase in gas tariffs, the domestic fertiliser manufacturers have raised urea price by Rs 159 per bag. Recently, the federal government had increased gas tariff for feedstock by 63 percent for old fertilizer plants while 67 percent for new plants, besides 23 percent for power generation gas supply to fertilizer manufacturers with effect from September 1, 2015. As the gas is the basic raw material for urea production, accordingly the domestic fertilizer manufacturers have announced increase in urea price by Rs 159 per 50-kg bag.
Federal government and K-Electric are expected to finalise a revised Power Purchase Agreement (PPA) and Gas Supply Agreement (GSA) during the second round of talks to be held on September 7, 2015 under the chairmanship of Secretary Water and Power Younas Dagha. Well-informed sources told Business Recorder that both the National Transmission and Despatch Company (NTDC) and Sui Southern Gas Company Limited have sent drafts of PPA and GSA, respectively, to the K-Electric management for comments.
A three-member delegation of the Etisalat group led by its CEO, Ahmad A. K. Julfar, had a meeting with the Finance Minister, Senator Mohammad Ishaq Dar, here on Thursday. Minister for IT Anusha Rehman Khan was also present. In the meeting administrative and financial matters relating to the PTCL were discussed. The Finance Minister was presented a brief performance review of PTCL by its CEO and President, Walid Arshaid since the company was handed over to Etisalat.

 



 
Index Closing Chg%
Arrow DJIA 16,102.38 1.66
Arrow Nasdaq 4,683.92 1.05
Arrow S&P 1,921.22 1.53
Arrow FTSE 6,042.92 2.44
Arrow DAX 10,038.04 2.71
Arrow CAC-40 4,523.08 2.81
Arrow Nikkei 17,792.16 2.15
Arrow H.Seng 20,840.61 0.45
Arrow Sensex 25,201.90 2.18





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln