MUMBAI: India will set up a bank to facilitate funding for the small entrepreneurs that make up the backbone of the country's economy, Finance Minister Arun Jaitley said in his budget speech on Saturday.
The MUDRA Bank will refinance microfinance institutions under a Prime Ministerial scheme, he said, allocating 200 billion rupees ($3.24 billion) to the plan.
"Just as we are banking the unbanked, we are funding the unfunded," Jaitley said in his budget for the fiscal year to March 2016.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Jan 8
|
278.78
|
|
USD PKR Interbank Buying
/ Jan 8
|
278.58
|
|
USD to Japanese Yen
/ Jan 8
|
158.14
|
|
USD to Swiss Franc
/ Jan 8
|
0.91
|
|
Pound Sterling to USD
/ Jan 8
|
1.25
|
|
Euro to USD
/ Jan 8
|
1.04
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Jan 7
|
5,909.03
|
|
Nasdaq
/ Jan 7
|
19,489.68
|
|
FTSE 100
/ Jan 7
|
8,245.28
|
|
Dow Jones
/ Jan 7
|
42,528.36
|
|
Germany DAX 30
/ Jan 7
|
20,340.57
|
|
France CAC40
/ Jan 7
|
7,489.35
|
|
India Sensex
/ Jan 8
|
77,786.54
|
|
Tokyo Nikkei
/ Jan 8
|
40,008.25
|
| Item | Value |
|---|---|
|
Karachi Cotton PKR/37.32 KG
/ Jan 7
|
18,285
|
|
Gold 10 Grams PKR
/ Jan 7
|
236,625
|
|
Crude Oil USD/Barrel
/ Jan 8
|
74.85
|
|
Gold Spot USD/Ounce
/ Jan 8
|
2,650.51
|
|
Cotton US¢/pound
/ Jan 8
|
68.44
|
|
Petrol/Litre
/ Jan 9
|
252.66
|
| Stock | Price |
|---|---|
|
PICIC Ins.Ltd.
/ Jan 8
PICIC Insurance Limited(PIL)
|
3.21
▲ 0.32
(11.07%)
|
|
JS Bank Ltd
/ Jan 8
JS Bank Limited(JSBL)
|
10.41
▲ 1.00
(10.63%)
|
|
Idrees Tex.
/ Jan 8
Idrees Textile Mills Limited(IDRT)
|
15.68
▲ 1.43
(10.04%)
|
|
Sec. Inv. Bank
/ Jan 8
Security Investment Bank Limited(SIBL)
|
12.38
▲ 1.13
(10.04%)
|
|
Ahmad Hassan
/ Jan 8
Ahmad Hassan Textile Mills Limited(AHTM)
|
59.90
▲ 5.45
(10.01%)
|
|
Asia Ins.
/ Jan 8
Asia Insurance Company Limited(ASIC)
|
14.29
▲ 1.30
(10.01%)
|
|
D.M. Textile
/ Jan 8
D.M. Textile Mills Limited(DMTX)
|
60.58
▲ 5.51
(10.01%)
|
|
Dawood Lawrencepur
/ Jan 8
Dawood Lawrencepur Limited(DLL)
|
296.12
▲ 26.92
(10.00%)
|
|
JDW Sugar
/ Jan 8
JDW Sugar Mills Limited(JDWS)
|
904.95
▲ 82.27
(10.00%)
|
| Stock | Price |
|---|---|
|
JS Mom. Factor ETF
/ Jan 8
JS Momentum Factor ETF(JSMFETF)
|
15.15
▼ -2.18
(-12.58%)
|
|
Parmount Sp.
/ Jan 8
Paramount Spinning Mills Limited(PASM)
|
4
▼ -0.50
(-11.11%)
|
|
Ali Asghar
/ Jan 8
Ali Asghar Textile Mills Limited(AATM)
|
78.82
▼ -8.76
(-10.00%)
|
|
Faisal Sp.
/ Jan 8
Faisal Spinning Mills Limited(FASM)
|
292.37
▼ -32.48
(-10.00%)
|
|
Khairpur Sug.
/ Jan 8
Khairpur Sugar Mills Limited(KPUS)
|
133.71
▼ -14.86
(-10.00%)
|
|
Liven Pharma
/ Jan 8
Liven Pharma Limited(LIVEN)
|
178.53
▼ -19.84
(-10.00%)
|
|
Suhail Jute
/ Jan 8
Suhail Jute Mills Limited(SUHJ)
|
156.38
▼ -17.38
(-10.00%)
|
|
Frontier Ceram
/ Jan 8
Frontier Ceramics Limited(FRCL)
|
24.23
▼ -2.69
(-9.99%)
|
|
National Silk
/ Jan 8
The National Silk & Rayon Mills Limited(NSRM)
|
49.90
▼ -5.54
(-9.99%)
|
| Stock | Volume |
|---|---|
|
WorldCall Telecom
/ Jan 8
Worldcall Telecom Limited(WTL)
|
520,088,624
▲ 0.09
|
|
Cnergyico PK
/ Jan 8
Cnergyico PK Limited(CNERGY)
|
76,600,722
▼ -0.30
|
|
K-Electric Ltd.
/ Jan 8
K-Electric Limited(KEL)
|
45,707,217
▼ -0.21
|
|
Fauji Foods Ltd
/ Jan 8
Fauji Foods Limited(FFL)
|
36,987,542
▼ -0.41
|
|
Sui South Gas
/ Jan 8
Sui Southern Gas Company Limited(SSGC)
|
33,354,890
▲ 2.33
|
|
Pak Stock Exchange
/ Jan 8
Pakistan Stock Exchange Limited(PSX)
|
27,144,749
▼ -2.85
|
|
Pak Refinery
/ Jan 8
Pakistan Refinery Limited(PRL)
|
24,452,864
▼ -2.53
|
|
B.O.Punjab
/ Jan 8
The Bank of Punjab(BOP)
|
22,768,455
▼ -0.23
|
|
Pak Elektron
/ Jan 8
Pak Elektron Limited(PAEL)
|
20,370,180
▼ -0.42
|
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