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Pakistani stocks close higher, rupee weakens, o/n rates flat

Source: Dawn News | 21-03-2013

Pakistan’s stock market closed higher on Wednesday, led by Engro Corporation, Muslim Commercial Bank and cement companies, traders said.

Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.34 percent, or 60.60 points, higher at 17,753.97 pointsEngro Corporation climbed 4.92 percent to 126.90 rupees and Muslim Commercial Bank Ltd rose 0.88 percent to 190.50 rupees. Lafarge Pakistan Cement Ltd was up 9.83 percent to 6.59 rupees.in the currency market, the rupee ended weaker at 98.15/98.20 against the dollar, compared to Tuesday’s close of 98.13/98.18.Overnight rates in the money market remained flat at 9 percent.

China reiterates desire to invest in energy sector

Source: Tribune | 29-03-2013

China is committed to invest heavily in Pakistan’s energy and other sectors to improve lives of Pakistani citizens, Deputy Chief of Mission of the Chinese Embassy Yao Wen said Thursday. Speaking at a function at a local school here, Wen said China is already working on 120 projects in Pakistan with around a quarter related to energy. In addition,..... Read more

Nepra approves Re 0.66 per unit power tariff hike for KESC

Source: The Nation | 02-01-2013

With the start of New Year, the National Electric Power Regulatory Authority (Nepra) on Tuesday approved increase in tariff of Karachi Electric Supply Company (KESC) by Re 0.66 per unit on account of monthly fuel price adjustment mechanism. Giving New Year gift to Karachitis at the advent of 2013, the KESC has increased tariff of electricity. T..... Read more

Pak shares only 0.76pc in global leather market despite 160m livestock

Source: The Nation | 21-01-2013

Pakistan has lost 0.49 per cent of its global share of leather export during last five years from 1.25 per cent to 0.76 per cent or $1.048 billion which is alarming. Countries like Italy and Vietnam with very little livestock population have 13 per cent and 6.22 per cent of global leather market share respectively and Pakistan with total livestock ..... Read more

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