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CCOP approves strike price of Rs110 per share for divestment of ABL shares ISLAMABAD: The Cabinet Committee on Privatization (CCOP) here on Friday unanimously approved strike price of Rs. 110 per share for divestment of Government's residual shares in Allied Bank Limited.The committee which met under the chairmanship of Finance Minister, Ishaq Dar also approved allocation of shares to successful bidders.Earlier Privatization Commission Board in its meeting held on December 11 recommended the `Strike Price of Rs.110 and allocation of GOP Shares to the successful bidders as specified in the Offer for Sale Document (OFSD).The CCOP consequently considered the recommendations of the PC Board early Friday and approved the `Strike Price'.A total of 131 million shares were offered for divestment in the stock market. Against this, orders for 185 million shares have been placed, reflecting overwhelming interest of the investors.Chairman Privatization Commission Mohammad Zubair informed the meeting that there has been a fine mix of local and foreign exchange component in the orders ...

CM invites investors from Qatar to Sindh KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has said that there are many investment opportunities in the field of infrastructure, agriculture, water and energy sectors.This he said while talking to the Consul General of Qatar, Saad Abdulla S.M. Al-Shareef who called on him at CM House here on Thursday, said a statement.Syed Qaim Ali Shah invited the investors of Qatar to avail these opportunities and invest here for benefits of both sides and assured ...
Sindh govt decides to export surplus wheat KARACHI: The Sindh Government Thursday decided to export the surplus wheat and also asked Federal Government to extend its support through Trading Corporation of Pakistan (TCP) in this regard.The decision was made in a meeting held here to review the prevailing stock and market price of wheat.Sindh Chief Minister Syed Qaim Ali Shah chaired the meeting at the Chief Minister House, said a statement.The Sindh CM has constituted a 3-member committee consisting of Sindh Minister ...
Exports of sports goods increase 9pc in four months ISLAMABAD: The exports of sports products from the country witnessed increase of 8.81 percent during the first four months of the current fiscal year compared to the corresponding period of last year.The overall exports of sports goods were recorded at $108.366 million during July-October (2014-15) compared to the exports of $99.596 million duirng July-October (2013-14), according to the data of Pakistan Bureau of Statistics (PBS).The sports products that contribute in promoting country's trade positively included ...
SECP issues companies (Easy Exit) Regulations ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued Companies (Easy Exit) Regulations, 2014, vide S.R.O. No. 1083 (I)/2014, says a statement here Tuesday.The regulations aim at making `easy exit' a permanent feature, while prescribing an easy to follow procedure.Now the public unlisted and private companies, excluding certain types of companies, desirous of getting their name off the register of companies have to file just certain prescribed forms/documents with the SECP.Earlier, a company ...
Wheat support price increased further to Rs 1300 KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has said that the support price of wheat which was Rs 1250 per 40 kilogram last year has been increased further to Rs 1300 this year.In a statement issued here on Monday, the Chief Minister said that Sindh government had increased the support price of wheat from Rs 1200 to Rs 1250 per 40 kg last year. "This year, again we have increased the support price further ...
Weekly Inflation goes down ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on December 4 for the lowest income group up to Rs. 8,000 registered decrease of 0.67 percent as compared to the previous week.The SPI for the week under review in the above mentioned group was recorded at 204.47 points against 205.84 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).The weekly SPI has been computed with base 2007-2008=100, covering ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln