Stories from Kazim Alam
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Rupee-dollar parity:‘Policymakers comfortable with correction’
Value decreases 60 paisa to close at Rs100.30 in inter-bank market.
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1MFY15: Drastic decrease in FDI witnessed
Investments clocks in at $24m in July, 80% less than amount received during the same month of preceding fiscal year
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Construction sector: Rising hope with raising buildings
Positive response to ABAD expo has raised expectations of foreign investment.
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Private sector: Borrowing turns negative as businesses return Rs69b
Drop in credit off-take comes in backdrop of historic increase in loans.
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Corporate results: Jubilee Life Insurance posts 50.5% growth in profit
Declares interim cash dividend of 25%, EPS increases to Rs8.29.
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At the bourse: Uncertainty rocks KSE
Benchmark index sheds 1,309 points, volatile trading expected .
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Seven months on: Trading in T-bills, PIBs via bourse remains thin
New mechanism was expected to broaden investor base.
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Banking ombudsman: Complaint resolution increases
Team resolves 1,637 complaints against scheduled banks in 2013 .
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1MFY15: 18 conventional equity funds outperform KSE-100 index
Alfalah GHP Alpha Fund performs best, reveals MUFAP data.
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July’s first half: Money supply contracts as govt borrowings fall
Govt borrows only Rs12.5 billion from central bank as opposed to Rs156.3 billion in first 18 days of last fiscal year.
