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Fresh notes of Rs.87bn issued to banks for public distribution: SBP KARACHI: State Bank of Pakistan (SBP) has issued fresh notes worth Rs.87 billion to commercial banks for distribution to the general public and their clients upto July 22. SBP has been issuing fresh currency notes to facilitate general public during the month of Ramadan through counters of field offices of SBP BSC and it would continue till the last working day of Ramadan, said a press release issued here on Wednesday.Under the arrangements, each member of the public will be issued upto three packets of Rs.10 notes and one packet each of Rs.20, Rs.50 and Rs.100 of fresh notes against exchange value subject to production of their original CNIC / smart card only at the counter.Meanwhile, per person quota from 150 designated branches of commercial banks has also been increased to 2 packets each of Rs 10 and Rs 20 and one packet each of Rs 50 and Rs 100.Copyright ...

President urges nation to reject anarchist elements KARACHI: President Mamnoon Hussain, emphasizing the continuity of democratic process for development of country, Wednesday urged the nation to reject anarchist elements who wanted to obstruct the progress of the country.He was talking to former Secretary General of Communist Party, Prof. Jamal Naqvi, who called on the president here.The president said that people were aware of those elements who were creating problems for the nation and they also know that who are capable to resolve ...

President summons NA session on Aug.4 ISLAMABAD: President Mamnoon Hussain has summoned session of the National Assembly to meet on Monday (August 4) at 1600 hours at the Parliament House.The President has summoned the session in exercise of the powers conferred by clause (1) of Article 54 of the Constitution, said a press release issued by the National Assembly Secretariat. Copyright APP (Associated Press of Pakistan), 2014

LSE gains 12.35 points LAHORE: The Lahore Stock Exchange here Wednesday witnessed bullish trend by gaining 12.35 points as the LSE Index-25 opened with 5490.05 points and closed at 5502.40 points.The market's overall situation, however, did not correspond to an upward trend as it remained at 777,100 shares to close against previous turnover of 1.517 million shares, showing a downward slide of 745,700 shares. While, out of the total 79 active scrips 14 moved up, 13 shed values and ...

LSE's Eid, Jumatul-Wida holidays LAHORE: The Lahore Stock Exchange will remain closed from July 29 to August 1, 2014 on account of Eid-ul-Fitr Holidays, said the LSE spokesman here Wednesday. The ultra trade and the office of the Exchange shall resume with pre-Ramadan regular timings from August 4, 2014, he said, adding the Exchange would also remain closed on July 25, 2014 on account of Jumma-tul-wida.Copyright APP (Associated Press of Pakistan), 2014

SBP issuance of fresh notes to general public ISLAMABAD: The State Bank of Pakistan (SBP) has decided to further facilitate issuance of fresh currency notes to general public during ongoing month of Ramazan.For the purpose the field offices of SBP BSC shall also start issuing fresh notes to the general public from its counters from Thursday July 24, 2014 (Thursday) till the last working day of Ramazan, says a statement issued by the Central Bank on Wednesday.Under the arrangements, each member of the ...

ISE-10 index stays bullish ISLAMABAD: The Islamabad Stock Exchange (ISE) Wednesday witnessed bullish trend as the ISE-10 index was up by 18.22 points to close at 4782.74 points.A total of 81,040 shares were traded, which showed a positive growth of 78,040 shares, when compared with previous day's trading of 3,000 shares.Out of 128 companies, share prices of 63 companies recorded increase while those of 64 companies decreased in today's trading.The share price of ICI Pakistan increased by Rs 22.91 ...


Index Closing Chg%
Arrow DJIA 17,113.54 0.36
Arrow Nasdaq 4,456.02 0.71
Arrow S&P 1,983.53 0.50
Arrow FTSE 6,795.34 0.99
Arrow DAX 9,734.33 1.27
Arrow CAC-40 4,369.52 1.50
Arrow Nikkei 15,343.28 0.84
Arrow H.Seng 23,782.11 1.69
Arrow Sensex 26,025.80 1.21

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln