Friday , 22 September 2017

Money Market: Bank borrowing declines

ACCORDING to the weekly statement of position of all scheduled banks for the week ended Nov 04, deposits and other accounts of all scheduled banks stood at Rs10,407.61bn after a 0.38pc decrease over the preceding week’s figure of Rs10,446.97bn. Compared with last year’s corresponding figure of Rs9,052.94bn, the current week’s …

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Rupee report: Rupee gains against euro

RENEWED concerns over the outcome of the Supreme Court enquiry into the Panama gate scandal seem to be playing the role of a catalyst in the domestic equity and currency markets. Last week, the demand for dollar emerged in the open market as continuous foreign fund outflows from the equity …

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Progress in Sindh: a step at a time

CLOSE to the end of its second term, the Pakistan People’s Party government in Sindh appears to be gearing up to respond to development challenges as social indicators fail to show dividends of democracy and devolution for the teeming millions in the province. It is hard to comment on the …

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Reforming the savings agency

DWARFING any thriving commercial bank with its largest deposit base, the state-owned Central Directorate of National Savings (CDNS) hardly gives the impression of a modern day financial institution from the outlook of its branches and the pace and quality of service. Sitting on deposits of more than Rs3.2tr, that account …

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Over 400 foreign, local firms to exhibit products at IDEAS

KARACHI: The defence industries of Turkey, China, Russia, North America, South America, Europe and Asia will have a significant presence at the 9th International Defence Exhibition and Seminar (IDEAS), which is to open at the Karachi Expo Centre on Tuesday (Nov 22). According to Commodore Tahir Javed, media director of …

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Orange Line project may miss deadline

ISLAMABAD: The controversial Orange Line Metro Train project will not be able to meet its Dec 2017 completion deadline, a senior technical expert associated with the project told Dawn. Work on package-II of the project has been on hold after the Punjab government cancelled the contract awarded to the Maqbool …

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Fuel reserves fall below strategic levels

ISLAMABAD: The country’s oil supplies are facing serious disruption due to pipeline and port congestion, forcing oil companies to go against standard operating procedures amid acute storage constraints. Consequently, stocks of the two main petroleum products motor gasoline and high-speed diesel are short of the mandatory strategic levels, at a …

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Murray eyes long reign at the top

LONDON: Andy Murray has warned Novak Djokovic he is ready to embark on a sustained period of dominance after the Scot crowned a golden season by finishing on top of the world. Murray produced an imperious display to defeat Djokovic 6-3, 6-4 and win the ATP Tour Finals at London’s …

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South African cricket official assaults TV reporter attempting to interview Du Plessis

ADELAIDE: A security official travelling with the South African team shoved an Australian television reporter against a glass door in ugly scenes as he attempted to interview captain Faf du Plessis on Monday. Du Plessis is due to face an International Cricket Council (ICC) disciplinary hearing on ball tampering charges …

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Stuart Broad set to miss third Test against India

VISAKHAPATNAM: England fast-bowler Stuart Broad on Sunday all but ruled himself out of the third Test against India, saying a strained tendon will need another couple of weeks to recover. Broad, who shrugged off his foot injury to claim four wickets and help dismiss India for 204 on day four …

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