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Daily Archives: January 23, 2015

Rates for conversion of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special United States Dollar Bonds

Karachi, January 23, 2015 (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 January 26, ...

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Dubai Islamic Bank Pakistan and Novatex Limited sign Project Financing Agreement

Karachi, January 23, 2015 (PPI-OT): Dubai Islamic Bank Pakistan Limited (DIBPL), a wholly-owned subsidiary of Dubai Islamic Bank UAE, world’s first Islamic Bank and Novatex Limited, industry leader in PET Resin and Plastic Products have entered into a project financing agreement amounting to PKR 1,000 Million for expansion of the PET Resin Plant at Novatex. ...

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Islamabad Chamber of Commerce and Industry calls for reducing key discount rate to 8 percent

Islamabad, January 23, 2015 (PPI-OT): Islamabad Chamber of Commerce and Industry has called upon the State Bank of Pakistan to make a drastic cut of 150 basis points in the key discount rate in the forthcoming monetary policy expected on January 24, 2015 in order to create favourable conditions for private sector growth and acceleration ...

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