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Pakistan Steel receives Rs2.125bn more from govt KARACHI: Pakistan Steel Mills has received Rs. 2.125 billion out of Rs 2.875 billion of 4th installment of 1st tranche of its restructuring package of Rs 18.5 billion approved by the Federal Government.A PSM release said that the amount of Rs. 2.125 billion released by Federal Finance Ministry has been utilised for payment of thirty days' salary (half of June and half of July) to PSM employees. Letters of Credit (L/Cs) for procurement of raw materials will be opened, and the remaining amount will be used for capital repairs and payment of utility bills, that is, SSGC, KWSB and K-Electric bills.Pakistan Steel Management is in continuous contact with the Ministry of Finance through Ministry of Industries and Production for the release of remaining amount of Rs. 750 million of 1st tranche. On its receipt, the salary for half month of July will be disbursed to the employees.Pakistan Steel management is ...

ISE-10 index stays Bullish ISLAMABAD: The Islamabad Stock Exchange (ISE) on Friday witnessed bullish trend as the ISE-10 index was up by 125.3 points to close at 4504.43 points.A total of 167,500 shares were traded, which showed a positive growth of 134,500 shares, when compared with previous day's trading of 33,000 shares.Out of 143 companies, share prices of 124 companies recorded increase while those of 19 companies decreased and no company remained stable in today's trading.The share price of ...

Chicken price comes down to Rs120 per kg ISLAMABAD: The price of live chicken which was being sold at Rs. 150 per kg last week has come down to Rs. 120 per kg however the eggs' prices are still at Rs. 110 per dozen.While talking to APP, Dr Hassan Sarosh, Chairman of Pakistan Poultry Association (PPA) on Friday attributed the hike in price of eggs is decrease in production of the commodity."The production of chicken egg (farm) usually decreases during September to March ...

CM condoles with MNA Capt. Safdar PESHAWAR: Chief Minister Pervez Khattak Friday expressed heartfelt grief over on demise of Muhammad Ishaq Masroor, father of MNA Capt. Muhammad Safdar who breathed his last the other day. The Chief Minister also condoled the death of mother of Muhammad Haleem Bacha, Ameer JI Buner, religious scholar of Mardan Hafiz Maulana Muhamamd Yousaf, Tableeghi Ameer of Mardan, Muhammad Tariq and patron of Swabi literary organization Qam Qalam Khursheed Alam Jan who also expired the other ...

FPCCI's second Achievement Awards on Sept 8 KARACHI: FPCCI's 2nd Achievement Awards ceremony will be held here on September 8.The FPCCI's Achievement Awards are the highest awards of private sector which are conferred to those leading organisations and individuals who have made outstanding achievements in socio-economic sector as well as in corporate social responsibilities (CSR) activities, said a press release here on Friday.These awards will be presented by a well known personality of the country at a prestigious function which is to ...

SBP's directives for financial consumer protection KARACHI: State Bank of Pakistan (SBP) has asked banks, development finance institutions (DFIs) and micro- finance banks (MFBs) to develop and implement their own frame- work on fair treatment of the consumers.This should be duly approved by their board of directors (BOD) and implemented by July 1, 2015, SBP directed to the above organisations through a circular released here on Friday.It is expected that the Banks/ DFIs/ MFBs will inculcate a conducive culture enduring fair ...

RECORDER REPORT: KSE close of day KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Friday having 28567.74 shares with a positive change of 793.31and volume of 143,744,610 shares.High and Low were 28838.11 and 27774.43 respectively. Total volume traded in the market was 187,806,410 shares with 342 total traded companies out of which 265 were up, 54 were down and 23 were unchanged.Construction and Materials (Cement) were the top traded sector with total traded volume of 34,917,300 shares. It was ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln