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Print - 2014-06-11
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jun, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (June 10, 2014).

Published 11 Jun, 2014 12:00am
SBP revises regulations for MFBs

SBP revises regulations for MFBs

The State Bank of Pakistan (SBP) has issued revised Prudential Regulations (PRs) for Microfinance Banks (MFBs) to further improve their governance structure, consumer protection practices and Anti-Money Laundering (AML) policies. Presently, 10 MFBs are pr
Published 11 Jun, 2014 12:00am
Jihadists seize Iraq's second city, Nineveh province

Jihadists seize Iraq's second city, Nineveh province

Jihadists overran Iraq's second city of Mosul, the surrounding Nineveh province and parts of Kirkuk, in a major blow on Tuesday that Washington warned threatens the entire region. Prime Minister Nuri al-Maliki responded by asking parliament to declare a s
Published 11 Jun, 2014 12:00am
Jihadists seize Iraq's second city, Nineveh province

Jihadists seize Iraq's second city, Nineveh province

Jihadists overran Iraq's second city of Mosul, the surrounding Nineveh province and parts of Kirkuk, in a major blow on Tuesday that Washington warned threatens the entire region. Prime Minister Nuri al-Maliki responded by asking parliament to declare a s
Published 11 Jun, 2014 12:00am
EU warns British broker over alleged interest rate rigging
Libor

EU warns British broker over alleged interest rate rigging

The European Commission said on Tuesday it believes British-based broker ICAP may have helped rig interest rates vital for the global financial markets in a global scandal which has cost billions in fines. The Commission, the European Union''s executive a
Published 11 Jun, 2014 12:00am
EU warns British broker over alleged interest rate rigging
Libor

EU warns British broker over alleged interest rate rigging

The European Commission said on Tuesday it believes British-based broker ICAP may have helped rig interest rates vital for the global financial markets in a global scandal which has cost billions in fines. The Commission, the European Union's executive ar
Published 11 Jun, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jun, 2014 12:00am
EU warns British broker over alleged interest rate rigging
Libor

EU warns British broker over alleged interest rate rigging

The European Commission said on Tuesday it believes British-based broker ICAP may have helped rig interest rates vital for the global financial markets in a global scandal which has cost billions in fines. The Commission, the European Union's executive ar
Published 11 Jun, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 11 Jun, 2014 12:00am
Days after politician shot dead, another killed in north India

Days after politician shot dead, another killed in north India

Two men on a motorcycle shot dead on Monday a politician from the ruling party of Indian Prime Minister Narendra Modi in Uttar Pradesh, the second such killing in a week, prompting concern about lawlessness in the northern state. Omveer Singh, a local pol
Published 11 Jun, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Jun, 2014 12:00am
Days after politician shot dead, another killed in north India

Days after politician shot dead, another killed in north India

Two men on a motorcycle shot dead on Monday a politician from the ruling party of Indian Prime Minister Narendra Modi in Uttar Pradesh, the second such killing in a week, prompting concern about lawlessness in the northern state. Omveer Singh, a local pol
Published 11 Jun, 2014 12:00am
Issuance of SROs: no law violated: FBR chief

Issuance of SROs: no law violated: FBR chief

Chairman Federal Board of Revenue (FBR) Tariq Bajwa said that the government did not violate any law for the issuance of statutory regulatory orders (SROs), as the federal government has the legal authority to revise tax rates under Income Tax Ordinance 2
Published 11 Jun, 2014 12:00am
'Barren land to be made useful by constructing fish farms'

'Barren land to be made useful by constructing fish farms'

Punjab Minister for Forests and Fisheries Malik Muhammad Asif has said that barren land could be made useful by constructing fish farms which would not only lead to increased production of fish in the province but also ensure reasonable income to the grow
Published 11 Jun, 2014 12:00am
Punjab approves seven uplift schemes

Punjab approves seven uplift schemes

The Punjab government on Tuesday approved seven development schemes at an estimated cost of Rs 4196.966 million. The schemes were approved in the 44th meeting of Provincial Development Working Party of current fiscal year 2013-14 presided over by Punjab P
Published 11 Jun, 2014 12:00am
Some cotton growers shifting to other crops

Some cotton growers shifting to other crops

Farmers in some cotton growing areas of southern Punjab are shifting to other crops especially corn because cotton is no more profitable for them; thanks to the non-availability of quality BT cotton seeds. Growers in these areas are mainly adopting high-y
Published 11 Jun, 2014 12:00am
Workshop

Workshop

Islamabad Special Branch Police held a training workshop for the security staff of well-reputed hotels and briefed them about security measures as per standard operating procedure (SOP). The purpose of this workshop was to ensure effective security measur
Published 11 Jun, 2014 12:00am
Sterling near 18-month high versus euro

Sterling near 18-month high versus euro

Sterling hit an 18-month high against the euro and hovered near a 5-1/2 year high versus a basket of currencies on Tuesday, after data showed Britain's industrial output expanded at its fastest annual pace in more than three years in April. The National I
Published 11 Jun, 2014 12:00am
US yields pressure Asia forex

US yields pressure Asia forex

Most emerging Asian currencies dipped on Tuesday as US Treasury yields underpinned the dollar, while the Chinese yuan rose to its strongest level in more than three weeks after the central bank's firm guidance. The rupiah fell after foreign investors sold
Published 11 Jun, 2014 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee weakened for a second day on Tuesday as good demand for the greenback from importers and weakness in domestic shares through a large part of the day, as also in other Asian currencies, hurt sentiment. Traders will continue to monitor fore
Published 11 Jun, 2014 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.63-77.63 (previous 77.63-77.6320). Call Money Rates: 05.70-07.25 percent (* previous 05.50-07.25 percent) (* revised).
Published 11 Jun, 2014 12:00am
Dollar extends gains

Dollar extends gains

The dollar rose against a basket of major currencies on Monday as a rise in US government bond yields underpinned support for the greenback following last week's strong US jobs report. The dollar extended gains against the euro after the European Central
Published 11 Jun, 2014 12:00am
Early trade in New York: dollar gains versus euro

Early trade in New York: dollar gains versus euro

The dollar extended gains against the euro on Tuesday after expectations that the Federal Reserve could raise US interest rates sooner than previously expected, but fell against the yen on safe-haven demand for the Japanese currency. The US dollar index,
Published 11 Jun, 2014 12:00am
Euro falls versus dollar, yen in London

Euro falls versus dollar, yen in London

The euro fell against the dollar and yen on Tuesday, feeling the pressure of a rise in the premium for holding the US currency since the European Central Bank cut all of its main rates last week. The jury remains out on whether a series of policy moves by
Published 11 Jun, 2014 12:00am
Dollar steadies in Asia

Dollar steadies in Asia

The dollar held steady versus a basket of major currencies on Tuesday, clinging to gains made the previous day thanks to higher US bond yields after last week's solid US jobs report. The dollar index stood at 80.607, keeping above a near two-week trough o
Published 11 Jun, 2014 12:00am
Aussie hits six-month highs

Aussie hits six-month highs

The Australian dollar held near six-month highs against the euro and Swiss franc on Tuesday as yield-hungry investors piled into carry trades, giving it a fillip against the US dollar. The New Zealand dollar consolidated gains ahead of an expected hike in
Published 11 Jun, 2014 12:00am
FTSE ends flat, SABMiller gains on merger talks

FTSE ends flat, SABMiller gains on merger talks

Britain's top stock index recovered in late trading on Tuesday to end flat, with a surge in SABMiller on merger talks offset by a drop in BT Group shares following news of rising competition in the sector. SABMiller, up 5.6 percent, added the most points
Published 11 Jun, 2014 12:00am
Southeast Asian markets: Thai shares near eight-month highs

Southeast Asian markets: Thai shares near eight-month highs

Thai shares rose to a near eight-month high on Tuesday, buoyed by a rally in Thai Airways after the military government said it would tackle expenses at state firms, while the Malaysian index ended at a near two-week high on plantation stocks. Thai key SE
Published 11 Jun, 2014 12:00am
Sri Lankan stocks near two-week high

Sri Lankan stocks near two-week high

Sri Lankan shares ended at their highest close in nearly two weeks, helped by banking stocks, but the market could undergo a technical correction as retail investors are waiting for profit-taking, stockbrokers said. The main stock index ended 0.11 percent
Published 11 Jun, 2014 12:00am
Buoyant Swiss bluechips help Europe stocks extend rally

Buoyant Swiss bluechips help Europe stocks extend rally

European stocks inched up on Tuesday, extending a three-week rally, led by gains in defensive Swiss bluechips such as pharma group Novartis and food giant Nestle. The FTSEurofirst 300 index of top European shares ended 0.3 percent higher at 1,398.18 point
Published 11 Jun, 2014 12:00am
Hong Kong and China stocks up

Hong Kong and China stocks up

Hong Kong shares closed 0.86 percent higher on Tuesday following another record close on Wall Street and data showing Chinese inflation accelerated in May. The benchmark Hang Seng Index added 198.27 points to 23,315.74 on turnover of HK$60.17 billion (US
Published 11 Jun, 2014 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo shares slipped 0.85 percent Tuesday as profit-taking and a stronger yen erased early gains. The benchmark Nikkei 225 index shed 129.20 points to finish at 14,994.80, while the Topix index of all first-section shares fell 0.49 percent, or 6.05 points
Published 11 Jun, 2014 12:00am
Australian shares tad higher

Australian shares tad higher

Australian shares edged 0.1 percent higher on Monday, underpinned by bluechips as Wall Street extended its run of record highs, though a slew of profit downgrades from retailers restrained buyers. The S&P/ASX 200 index added 5.7 points to 5,469.7 at the c
Published 11 Jun, 2014 12:00am
Treasuries dip

Treasuries dip

US Treasuries prices slipped on Monday in quiet trading, pressured by a $62 billion sale of new coupon-bearing government debt this week and steady risk appetite following a strong US jobs report last Friday. Yields on US long-term securities rose for a s
Published 11 Jun, 2014 12:00am
Treasuries dip

Treasuries dip

US Treasuries prices slipped on Monday in quiet trading, pressured by a $62 billion sale of new coupon-bearing government debt this week and steady risk appetite following a strong US jobs report last Friday. Yields on US long-term securities rose for a s
Published 11 Jun, 2014 12:00am
Taiwan stocks hit over six-year high

Taiwan stocks hit over six-year high

Taiwan stocks rose 0.7 percent to close at their highest level in more than six years on Tuesday, outperforming most regional bourses, as investors shrugged off disappointing May export data. The main TAIEX index ended at 9,222.37 points, a level not seen
Published 11 Jun, 2014 12:00am
Dow, S&P extend string of record closes; VIX up

Dow, S&P extend string of record closes; VIX up

The Dow and S&P 500 ended at record highs again on Monday as more deal news raised enthusiasm for stocks, though Wall Street's fear gauge advanced. It was a fourth straight record closing high for the S&P 500 and a third for the Dow. The gains, though, ha
Published 11 Jun, 2014 12:00am
Tuesday's midday trade: stocks dip, stays near record peaks

Tuesday's midday trade: stocks dip, stays near record peaks

US stocks fell modestly on Tuesday as investors found few reasons to keep buying with the Dow and S&P 500 coming off a string of record highs. The day's losses were slight but broad, with eight of the ten primary S&P 500 sectors down on the day. The bigge
Published 11 Jun, 2014 12:00am
Indian shares flat

Indian shares flat

Indian shares ended flat on Tuesday after hitting record highs for the third consecutive session as gains in defensive stocks such as healthcare and technology were offset by profit-taking in the broader market. Investors took profits in recent outperform
Published 11 Jun, 2014 12:00am
UAE markets slide in volatile trade; Arabtec tumbles again

UAE markets slide in volatile trade; Arabtec tumbles again

Stock markets in the United Arab Emirates extended losses on Tuesday, led by Dubai builder Arabtec which dominated trading volume, while Egypt pulled back slightly after leaping in the previous two sessions. Shares in Arabtec dropped their daily limit of
Published 11 Jun, 2014 12:00am
Emerging countries waver, advanced economies expand

Emerging countries waver, advanced economies expand

Emerging giants China, Russia and Brazil are losing some of the driving steam which helped prevent a global economic slump, but advanced economies are now increasingly able to pick up the slack, according to key data published on Tuesday. The OECD said it
Published 11 Jun, 2014 12:00am
IMF board member criticises Fund's Greece programme

IMF board member criticises Fund's Greece programme

Brazil's International Monetary Fund representative has criticised the tough reforms demanded of Greece, saying the Fund and its bailout partners appear to want to run the Greek economy themselves. Paulo Nogueira Batista, who represents Brazil and 10 othe
Published 11 Jun, 2014 12:00am
UK industrial output growth quickens

UK industrial output growth quickens

British industry enjoyed its strongest annual growth in over three years in April, in a further sign that the country's rapid economic expansion is becoming less reliant on consumer demand. Industrial output grew 3.0 percent, beating forecasts to record i
Published 11 Jun, 2014 12:00am
Greece to miss debt target, faces financing gap: IMF

Greece to miss debt target, faces financing gap: IMF

Greece, which swore in a new cabinet on Tuesday, is expected to miss targets to tame its runaway debt and faces a financing gap of 12.6 billion euros ($17.1 billion) next year, the IMF said in a report. "Public debt sustainability risks remain significant
Published 11 Jun, 2014 12:00am
Kuwait ends diesel subsidies over deficit fears

Kuwait ends diesel subsidies over deficit fears

The Kuwaiti government has decided in principle to end subsidies on diesel fuel but will deal with any negative impacts on consumers before implementing the decision, the cabinet said. Last month, the Opec member's government warned that spending outpaced
Published 11 Jun, 2014 12:00am
Turkish economy grows 4.3 percent

Turkish economy grows 4.3 percent

The Turkish economy grew at an annual rate of 4.3 percent in the first quarter of 2014 despite political turmoil and a sharp rise in the interest rates, official data showed on Tuesday. On a quarterly basis, output grew by 1.7 percent in the first three m
Published 11 Jun, 2014 12:00am
German firm to set up joint Korean Kaesong complex

German firm to set up joint Korean Kaesong complex

South Korea on Tuesday said it had green-lighted a German firm supplying industrial needles to set up as the first foreign company in the Kaesong joint industrial zone run with North Korea. Groz-Beckert will provide its needles to South Korean firms opera
Published 11 Jun, 2014 12:00am
Allergan rejects Valeant's higher takeover bid

Allergan rejects Valeant's higher takeover bid

US Botox maker Allergan on Tuesday rejected for a third time a takeover bid from Canadian drugs maker Valeant, saying the increased offer still "substantially undervalues" the company. Allergan's board of directors unanimously rejected the $53.5 billion o
Published 11 Jun, 2014 12:00am
China's inflation hits four-month high

China's inflation hits four-month high

China's annual inflation rose sharply in May to its highest level in four months, official data showed Tuesday, easing concerns about deflationary risks in the world's second-biggest economy. The consumer price index increased 2.5 percent year-on-year las
Published 11 Jun, 2014 12:00am
US small business, jobs data bolster growth picture

US small business, jobs data bolster growth picture

The US economy has decisively turned the corner with small business confidence hitting its highest level in more than 6-1/2 years in May and the number of jobs available rising to pre-recession levels in April. The brightening growth picture was further b
Published 11 Jun, 2014 12:00am
US law has helped limit 'conflict minerals'

US law has helped limit 'conflict minerals'

A US law, and efforts by technology firms, have helped limit the use of "conflict minerals" from Africa for consumer electronics, according to a report released Tuesday. The report by the Enough Project activist group said that armed groups responsible fo
Published 11 Jun, 2014 12:00am
US gives BP first licence to fly drone over land

US gives BP first licence to fly drone over land

Cautious US aviation regulators announced Tuesday they have given oil company BP the first commercial license to fly a drone aircraft over land. The Federal Aviation Administration gave BP and unmanned aircraft system (UAS) builder AeroVironment permissio
Published 11 Jun, 2014 12:00am
General Motors plans no more dismissals linked to switch recall: CEO

General Motors plans no more dismissals linked to switch recall: CEO

General Motors Co does not plan more employee dismissals relating to the company's handling of a defective ignition switch linked to at least 13 deaths, Chief Executive Mary Barra said on Tuesday. "We feel we've taken the appropriate actions as it relates
Published 11 Jun, 2014 12:00am
As recovery takes hold, Czech companies' optimism builds

As recovery takes hold, Czech companies' optimism builds

Czech companies are growing more confident and slowly starting to look at new investment as a succession of strong data shows the beaten-down economy is beginning to spring back. A year after the central European country climbed out of a record-long reces
Published 11 Jun, 2014 12:00am
Irish official unemployment steady at 11.8 percent

Irish official unemployment steady at 11.8 percent

The number of people unemployed in eurozone-nation Ireland fell slightly in May, but the rate was steady, official data showed on Thursday as the country pulls away from a crippling debt crisis. The unemployment rate was 11.8 percent in May, the same as t
Published 11 Jun, 2014 12:00am
Bundesbank hikes German growth forecast

Bundesbank hikes German growth forecast

The German central bank or Bundesbank said Friday it is upgrading its growth forecast for the German economy this year, saying Europe's economic powerhouse is on a "robust" growth path. "The German economy made a very buoyant start to 2014," the Bundesban
Published 11 Jun, 2014 12:00am
Greek economy gains ground in first quarter, growth in sight

Greek economy gains ground in first quarter, growth in sight

The Greek economy did markedly better than expected in the first quarter of this year, shrinking by 0.9 percent over a year instead of 1.1 percent estimated in May, the statistics office said on Friday. The bailed-out and austerity-shocked economy has bee
Published 11 Jun, 2014 12:00am
Prices mixed on grain market

Prices mixed on grain market

Prices moved both ways on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the cereals side, Tuwar Sindh and Punjab drifted lower by Rs 100 to Rs 5300 and Rs 5500 due to steady arrivals, other commodities maintained
Published 11 Jun, 2014 12:00am
Kenyan top grade coffee prices fall

Kenyan top grade coffee prices fall

The top price of the benchmark Kenyan coffee grade fell to $312 per 50 kg bag at this week's auction from $328 last week, the Nairobi Coffee Exchange said. Kenya is a relatively small producer of coffee but its beans are much sought after by roasters to b
Published 11 Jun, 2014 12:00am
Prices stabilise amid slow business on cotton market

Prices stabilise amid slow business on cotton market

Prices maintained stable trend on the cotton market on Tuesday in the process of modest trading, dealers said. The official spot rate held the overnight level at Rs 6,800, they added. In the ready session, around 1600 bales of cotton changed hands between
Published 11 Jun, 2014 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was up while the December contract was inert on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The July contract closed at Rs 1751.80 and it opened with 20 paisa gain at Rs 1752.00 in the early se
Published 11 Jun, 2014 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 85,810 tonnes of cargo comprising 43,757 tonnes of import cargo and 42,053 tonnes of export cargo including c loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 43,757 t
Published 11 Jun, 2014 12:00am
Vietnamese coffee prices fall amid slow sales

Vietnamese coffee prices fall amid slow sales

Vietnamese coffee prices fell again this week, extending a downwards trend that began in mid-May, with both farmers and traders holding back from the market in hopes of a rebound. Weak global coffee futures added pressure on Vietnam's outright prices, whi
Published 11 Jun, 2014 12:00am
France exports 1.1 million tonnes of soft wheat outside EU in April

France exports 1.1 million tonnes of soft wheat outside EU in April

France exported 1.1 million tonnes of soft wheat outside the European Union in April, taking the volume since the start of the 2013/14 season in July to 10.5 million tonnes, up 19 percent on the same period in 2012/13, customs data showed on Tuesday. Tota
Published 11 Jun, 2014 12:00am
Philippines cuts sugar stocks for export

Philippines cuts sugar stocks for export

The Philippines has reduced its sugar stocks for exports by 90,000 tonnes, or a third of the allocation for world markets for the 2013/14 crop year, to boost domestic supply and arrest further local price increases, the industry regulator said. The move i
Published 11 Jun, 2014 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot cash basis bids for hard red winter were unchanged on Tuesday in the southern US Plains, where wet conditions were delaying the harvest, dealers said. The National Weather Service posted flood warnings in parts of central Kansas after storms generate
Published 11 Jun, 2014 12:00am
CBOT wheat futures end lower

CBOT wheat futures end lower

Wheat futures on the Chicago Board of Trade fell on Monday, retreating from early strength on plentiful global wheat supplies and strong export competition as the winter wheat harvest approaches in the Northern Hemisphere, traders said. Spillover weakness
Published 11 Jun, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2,031 million. Number of lots traded was 7,972 and PMEX Commodity Index closed at 2,997. Major business was contributed by crude oil amounting to PKR 1,535 million - up by
Published 11 Jun, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 11 Jun, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 11 Jun, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 11 Jun, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 11 Jun, 2014 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 11 Jun, 2014 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (June 10, 2014).

Published 11 Jun, 2014 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (June 10, 2014).

Published 11 Jun, 2014 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (June 10, 2014).

Published 11 Jun, 2014 12:00am
Government decides to set up Exim Bank

Government decides to set up Exim Bank

The government has decided to set up Export-Import (Exim) Bank of Pakistan to enhance export credit and reduce cost of borrowing for export sector on long-term basis besides help reduce risks through export credit guarantees and insurance facilities. This
Published 11 Jun, 2014 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (June 10, 2014).

Published 11 Jun, 2014 12:00am
Government decides to set up Exim Bank

Government decides to set up Exim Bank

The government has decided to set up Export-Import (Exim) Bank of Pakistan to enhance export credit and reduce cost of borrowing for export sector on long-term basis besides help reduce risks through export credit guarantees and insurance facilities. This
Published 11 Jun, 2014 12:00am