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KARACHI: The Board of Directors of Silkbank announced a profit before tax of Rs.172 million in the first quarter of 2012 which translates to an increase of 9.7 percent over the previous corresponding period. An announcement here on Tuesday said that this is despite an increase in administrative cost by 13.8 percent over the previous corresponding period. The total deposits increased by Rs.10 billion in quarter one of 2012 which reflects a growth of 17.17 percent over the same period last year. Gross Advances also reflected a 3.19 percent growth over the corresponding period of last year, increasing by Rs.1.7 billion. As a conscious strategy, it was further pointed out, the bank is changing the advances mix by moving into higher margin consumer and SME markets which continues to improve its balance sheet spread. A noteworthy reduction in the non-performing loans was achieved by Silkbank in quarter one of 2012 which resulted in a provision ...

ISLAMABAD: Stocks witnessed a slowdown on Monday as investors decided to cash in after last week's rally, but the index still squeaked out a four-year high on the close despite the pullback by foreign investors, analysts said. The Karachi Stock Exchange (KSE) benchmark 100-share index closed 0.04 percent, or 5.69 points, higher at 14,617.97, with a volume of 174.8 million shares. The KSE closed at 14,612.28 on Friday, when heavy activity by foreign investors inspired a ...
KARACHI: Gold slipped by Rs 86 to Rs 48,514 per 10 grams in the local market Monday as its international price dropped to $ 1,642 an ounce, market sources said. According to Karachi Saraf Association official, tola (11.664 grams) price also declined by Rs 100 to Rs 56,600. Silver closed lower at Rs 865.71 per 10 grams. Copyright APP (Associated Press of Pakistan), 2012 ...
ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bearish trend as the index was down by 7.39 points to close at 2942.01 against the previous day's closing. Talking to APP, Stock Analyst Zaheer Ahmed said that the cement sector caused the local stock market to remain in the range-bound. He said that the circulating news of reduction of federal excise duty (FED) on cement caused the positive sentiments among the investors for the sector. "Besides, decline in ...
LAHORE: Agriculture Marketing Information Service Punjab (AMISP) issued rates of agriculture products in local market on Monday: Following are per 100 kg rates of different agriculture products in Lahore market: Maize minimum Rs 2000 and maximum 3000, Rice Super Karnal Basmati (New) minimum Rs 8300 and maximum Rs 9000, Rice Basmati (old) minimum Rs 9500 and maximum Rs 11000, white sugar minimum Rs 5100 and maximum Rs 5100, white gram (local) minimum Rs 11500 and maximum Rs ...


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln