Karachi, April 03, 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 […]

Lahore, April 03, 2015 (PPI-OT): There is a great potential for stronger economic and trade ties between United States and Pakistan and both countries can play vital role to further enhance bilateral trade in future. These views were expressed by the U.S Consul General Zachary Harkenrider while addressing a meeting at the Lahore Chamber of ...

Islamabad, April 03, 2015 (PPI-OT): A delegation of Islamabad Chamber of Commerce and Industry led by its President Muzzamil Hussain Sabri called on Malik Yousaf Awan, Chief Executive, Islamabad Electric Supply Company and apprised him of the problems being faced by the local industry due to 4 hours continuous electricity loadshedding by IESCO during peak ...

Islamabad, April 03, 2015 (PPI-OT): Annette Dixon, new Vice President of World Bank Group’s South Asia Region made an introductory visit to Pakistan from April 1 to 4, 2015. She called upon Prime Minister Nawaz Sharif and met with the Finance Minister Ishaq Dar and key members of the Economic Team. Dixon congratulated the government ...

Karachi, April 03, 2015 (PPI-OT): Weekly Review After witnessing 4.8% decline in the last week, the KSE‐100 index posted a sharp rebound in the week under review, with the market gaining 3.9%WoW to settle at 31,414 points. The market commenced the week in negative territory as benchmark index fell 3.4% on Mon‐day, however, going forward ...

Karachi, April 03, 2015 (PPI-OT): In 2QFY15, Nishat Mills Limited (NML) posted NPAT (unconsolidated) of PkR1.54bn (EPS: PkR4.38), lower by 32%YoY. On the back of sluggish demand and ample supply putting pressure on the topline (down by 4%YoY), and COGS stepping up by 5%YoY due to increased power costs and charging of further depreciation, NML’s ...

Karachi, April 03, 2015 (PPI-OT): Bull Run continued at local bourse on last session of the week as well to end the week at flourish note. Today session started on upbeat note and continued the momentum till the end of the day. Cement and Electricity sector were the pick of the sectors’ as the both ...