Karachi, February 28, 2014 (PPI-OT): As per the latest numbers released by the National Fertilizer Development Centre (NFDC), total urea off take In the first month of CYI4 (Jan) stood at 6192k tons, an increase of 19.7%YoY. According to AKD Securities, the growth was led primarily by higher sales of EFERT following availability of feed ...

Karachi, February 28, 2014 (PPI-OT): DAP primary margins jumped by 16% – BUY! Phosphoric acid contract price for Fauji Fertilizer Bin Qasim (FFBL) was settled at USD 680/ton for 1QCY14, up 11% QoQ while still down 12% YoY. Accordingly FFBL has increased DAP prices by PKR 210/bag to maintain its primary margins for DAP. According ...

Karachi, February 28, 2014 (PPI-OT): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S Dollar Bonds and profit thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E-25 deposits) by the State Bank on March 3, ...

Lahore, February 28, 2014 (PPI-OT): There exists a huge potential for Pakistan and China to further enhance beneficial cooperation and complement economies of each other, said Cen Hongkai, head of a 23-member delegation of Chinese entrepreneurs. He was speaking at the Lahore Chamber of Commerce and Industry on Friday. LCCI Senior Vice President Mian Tariq ...

Karachi, February 28, 2014 (PPI-OT): The Union of Small and Medium Enterprises urged the federal finance minister (FM) Ishaq Dar to examine the possibilities of financing the small to medium sized sector by an SME fund to promote venture capital under the umbrella and monitoring of the Small and Medium Enterprises Development Authority (SMEDA) which ...

Karachi, February 28, 2014 (PPI-OT): 5th Rental coupon for 3-Year Government of Pakistan Ijara Sukuk GIS-10 (auction conducted on February 23, 2012) is as follows: Issue 5th Rental 5th Rental Coupon Coupon rate (%) * Payment date 03 -Yr Ijara Sukuk (GIS-10) 9.9775 02-September, 2014 * This profit rate will be applicable to all accepted ...

Karachi, February 28, 2014 (PPI-OT): The State Bank of Pakistan released its First Quarterly Report for FY14 on the State of Economy, today. The report says that since macroeconomic indicators were favourable at the start of the year, the increase in real GDP growth in FY14 was discernible. Estimates for growth exceeded expectations: GDP grew ...