Market Based Dollar Movement To Correct Exchange Rate : State Bank Of Pakistan
In his brief statement, he said this movement reflected demand and supply conditions in the foreign exchange market.
State Bank Of Pakistan Mops Up Rs 89 Bn From Market
The rate of return accepted is 10.70 percent per annum, said the SBP.
Pak Reserves Figure $ 15.894 Bn : State Bank Of Pakistan
A SBP weekly statement issued on Thursday said that on May 10, the foreign reserves held by the State Bank were $ 8,845. 6 million and the net foreign reserves with the Commercial Banks amounted to $ 7,048.8 million. During the week ending May 10, SBP's reserves decreased by $138 million to $8,845.6 million, due to external debt servicing and other ...
Chinese Vice Premier Urges Cooperation On World Development
NUR-SULTAN, (UrduPoint / Pakistan Point News - 17th May, 2019 ) : Vice Premier Han Zheng Thursday urged efforts to further cooperation in opening-up, sustainable development, urbanization, innovation and talents.
Pakistan Stock Exchange PSX Closing Rates 16 May 2019
390 Dewan Farooque Motors Limited [DEFAULTER SEGMENT] 6.16 Ghandhara Industries Ltd. 93.12 Ghandhara Nissan Ltd. 48.21 Ghani Automobile Industries Ltd. 3.85 Hino Pak Motor Limeted. 319.05 Honda Atlas Cars (Pak) Ltd. 124.81 Indus Motor Company Ltd.(XD) 1206.07 Millat Tractor Ltd.(XD) 849.09 Pak Suzuki Motors Co Ltd.(XD) 224.67 Sazgar Engineering Works Ltd. 226.69 AUTOMOBILE PARTS & ACCESSORIES1: Agriautos Industries Co. Ltd. 214.95 Atlas Battery Ltd. 68.62 Exide Pakistan Ltd. 123.61 General Tyre & Rubber Co. ...
Russia's Trade Surplus In Jan-Apr Grew 4.7% To $62 Bln Year On Year - Central Bank
It also said the net capital outflow from the country in the first four months of this year grew 88 percent year on year to $34.7 billion.
Stocks Recover After Volatility 16 May 2019
Huawei was also added to a list that would make it much harder for the Chinese firm to access crucial US components, a move likely to ramp up tensions with Beijing as the two economic titans engage in a drawn-out trade war that threatens global business activity. The announcement comes after the US last week hiked tariffs on $200 ...
STPF- 2019-24 To Ensure Exports Driven Economic Growth: Razak Dawood
While briefing to the NA, Standing Committee on Commerce and Textile, Razak Dawood said that under STPF -2001-24, the target of innovation driven exports would be achieved in the long term for improve competitiveness and efficiency of industry. The meeting of NA Standing Committee on Commerce and Textile was held here under the Chairmanship of MNA, Syed Naveed Qamar. ...
State Bank Of Pakistan Forex Reserves Fall
The total liquid foreign reserves held by the country stood at US$15,894.4 million, a statement of SBP said on Thursday. Similarly the net foreign reserves held by commercial banks stood at $7.048 billion.
IMF Programme To Boost Country's Economy: Dr Abdul Hafeez Shaikh
KARACHI, (UrduPoint / Pakistan Point News - 16th May, 2019 ):Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh Thursday said that country's economy would be improved after implementation of IMF program. Later, addressing a press conference Advisor to Prime Minister on Finance Abdul Hafeez Sheikh said the government is taking several measures to ...
Asian markets mixed as trade hopes offset Huawei worries
Asian markets were mixed Thursday as investors weighed hopes for trade talks against Donald Trump?s ban on US firms from using foreign telecoms equipment, which has been seen as a kick against China. The announcement comes after the US last week hiked tariffs on $200 billion of Chinese goods, to which Beijing retaliated in kind, fanning fears their trade ...
Bears return to PSX riding rupee devaluation, snatch 320pts away
K-Electric (-5.2%) and PIBTL (-8%) led the volumes with more than 21 million shares changing hands. Major laggards of Thursday?s trading session were HBL (-2.0%), LUCK (-2.5%), PSO (-3.7%), EFERT (-2.1%) and MCB (-1.4%). Selling pressure was witnessed in the cement sector were big players DGKC (-5%), CHCC (-5%), MLCF (-5%) and PIOC (-5%) closed limit down. HBL (-2.0%), ...
Pakistan wins global laurels for its interest-free loan programme
Pakistan Poverty Alleviation Fund (PPAF) has won the prestigious CIS Islamic Banking and Finance for being the best contributor to the Islamic Finance Industry in a ceremony held recently in Tashkent, Uzbekistan. The Awards were presented in 15 categories to international Islamic microfinance institutions, takaful and leasing companies, banks, and individuals for their outstanding services to the Islamic Microfinance ...
CDWP approves Karachi project worth Rs 385.135 million
Central Development Working Party (CDWP) meeting on Thursday, held under the chairmanship of Deputy Chairman Planning Commission/Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar accorded approval to one project worth Rs. Projects related to transport & communication, physical Planning & housing, governance, food & agriculture and health were presented in the meeting. Government of Sindh presented project ...
Donald Trump ramps up battle against Chinese telecom giant Huawei
An executive order signed by the president prohibits purchase or use of equipment from companies that pose ?an unacceptable risk to the national security of the United States or the security and safety of United States persons.? ?This administration will do what it takes to keep America safe and prosperous and to protect America from foreign adversaries,? White House spokeswoman ...
Oil rises for a third day amid escalating Middle East tensions
Oil prices rose on Thursday for a third straight session, as the risk of conflict in the Middle East stoked fears of supply disruptions, negating an unexpected rise in US inventories. US West Texas Intermediate (WTI) crude futures were at $62.41 per barrel, up 39 cents, or 0.6 percent, from their previous settlement. Analysts said oil was drawing support ...
Russian Energy Ministry Expects To Reach Gas Transit Agreement With Ukraine By Year-End
When asked whether the sides would manage to reach an until the nearing expiry of the relevant transit contract in late , Yanovsky told reporters: "Yes. Yanovsky also stressed that any agreements on the future transit should not be to the detriment of energy giant Gazprom's interests as part of its litigation with 's Naftogaz. Gazprom and ...
Gazprom Increased Gas Production 2.1% Year-on-Year To 202Bcm From Jan 1 To May 15
"According to preliminary data, Gazprom produced 202 cubic meters of 1 to 15, , which is 2.1 percent (4.2 cubic meters) more than in the period of ," the said in a statement. Gazprom also noted that the demand for natural on the domestic decreased by 3.5 percent, or by 4.1 ...
Gazprom To Sign New Contract On Purchases Of Gas In Turkmenistan For Up To 5 Years
"Negotiations are being completed on a new medium-term contract for a period of up to five years, starting, respectively, the second half of this year," Yanovsky told reporters.
Gazprom Shares Rally To 93-Month High Above 200 Rubles On Increased Dividends Reports
Shares of the holding rallied an impressive 20 percent over the previous two days on the that the 's had updated its recommendation to the board of directors regarding dividends for , suggesting a 1.6-fold increase compared with the recommendation of 16.61 rubles per .
