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Karachi, October 03, 2012 (PPI-OT): The KSE-100 Index closed at 15,648 points yesterday, less than 0.5% below the Apr 1808 closing of 15,676 points with media reports claiming the Index is now trading close to an all-time high. According to AKD Securities, in fact, the KSE-100 Index, on several metrics, …
Read More »Daily Archives: October 3, 2012
Logo of ‘Islamic Microfinance Forum’ inaugurated in Yemen and Pakistan
Lahore, October 03, 2012 (PPI-OT): The Logo inauguration ceremony of Global Islamic Microfinance Forum held in Sana’a, the capital city of Yemen and Lahore, Pakistan. In Yemen, the Logo was inaugurated by the Managing Director of Yemen Microfinance Network (YMN) – Ms. Najah Almugahed whereas in Pakistan, it was inaugurated …
Read More »DGKC to invest PKR 500 million in Nishat Dairy – Alfalah Securities Limited
Karachi, October 03, 2012 (PPI-OT): The management of DG Khan Cement (DGKC) has approved equity investment of up to PKR 500 million in Nishat Dairy (Pvt.) Ltd. which was incorporated on October 28, 2011 to carry on dairy business in Pakistan having a paid up capital of PKR 1,500 million …
Read More »Import duty lowered on LPG kits and equipment – Alfalah Securities Limited
Karachi, October 03, 2012 (PPI-OT): Federal Board of Revenue (FBR) has allowed concessionary duty on import of liquefied petroleum gas (LPG) kits and equipment after approval of ECC which has been lowered to 10% which was at 25% earlier. According to Alfalah Securities Limited, FBR has allowed lower duty on …
Read More »World Bank to help immunize 34.8 million children in Pakistan against Polio
Islamabad, October 03, 2012 (PPI-OT): The World Bank’s Board of Directors approved on Tuesday a US$24 million second additional financing for the Third Partnership for Polio Eradication Project (TPPEP) to support the Government of Pakistan’s efforts to immunize 34.8 million children against the crippling effects of polio with the goal …
Read More »Gradual tariff reduction on import of bikes conceded – Alfalah Securities Limited
Karachi, October 03, 2012 (PPI-OT): Economic Coordination Committee (ECC) has decided to rationalize the tariff structure for the two-wheeler industry, and approved to gradually reduce tariff. According to Alfalah Securities Limited, it would be done in a way that the local industry is not much affected adversely. For this purpose, …
Read More »Lahore Chamber of Commerce and Industry seeks cut in mark-up rates
Lahore, October 03, 2012 (PPI-OT): Founders Group of the LCCI has demanded of the State Bank of Pakistan to play his role to save the national economy and industry by bringing the mark-up rates to single digit reducing it by 2.5 to 3%. In a statement issued here, the leaders …
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