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SECP launches new takaful rules  RECORDER REPORT KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has launched new Takaful Rules at a ceremony held here on Friday. Chairman SECP, Muhammad Ali officially announced the promulgation of the new Takaful Rules, 2012. Takaful, which is said to be an Islamic alternative of insurance, is a scheme based on the principles of mutual assistance in compliance with the provisions of Islamic Shariah, and which provides for mutual financial aid and assistance to the participants in case of occurrence of certain contingencies and whereby the participants mutually agree to contribute to the common fund for that purpose. The existing Takaful Rules were issued in year 2005. During the course of business activity and implementation of these Rules, a number of practical issues were highlighted by the stakeholders. To address these concerns, the Securities and Exchange Commission of Pakistan (SECP) constituted a committee in year 2007 with a mandate to review ...

AMISP issue rates of commodities LAHORE: Agriculture Marketing Information Service Punjab (AMISP) issued rates of agriculture products in local market on Friday. Following are per 100 kg rates of different agriculture products in Lahore market: Maize minimum Rs 2000 and maximum 2400, Rice Super Karnal Basmati (New) minimum Rs 9000 and maximum Rs 10000, Rice Basmati (old) minimum Rs 11000 and maximum Rs 12000, white sugar minimum Rs 5160 and maximum Rs 5160, white gram (local) minimum Rs 10500 and maximum ...
ISE-10 sheds 9 points  ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Thursday witnessed bearish trend as the index was down by 9.49 points to close at 2908.94 as compared to the previous day's trading. Stock Analyst of the First National Equity Pvt Ltd M.M Hassan told APP that the investors were seemed bullish in the cement and power sector because the government had taken serious steps to resolve the issues of the sectors. The investors had taken positions in DK Khan ...
Spot rates of cotton (Crop 2012-2013) KARACHI: Karachi Cotton Association (KCA) Thursday announced the following KCA Spot rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16" Micronaire value between 3.8 to 4.9 NCL. ================================================================= Rate                Ex-Gin         Up-country          Spot Rates for                 Price          Expenses            Ex-Karachi 37.324 kgs          6,000          130                 6,130     Equivalent 40 kgs              6,430          130                 6,560 ================================================================= Copyright APP (Associated Press of Pakistan), 2012 ...
KSE approves application for TPL shares RECORDER REPORT KARACHI: The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of shares of TPL Trakker Limited on completion of all formalities requirements under the Listing Regulations of the Exchange. The KSE on Wednesday notified that trading in the shares of the company will start on the Ready Board of the Exchange from July 16, 2012 and all transactions taking place in respect of the company shall be settled on T+2 ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln