Market watch: Stocks end flat, volumes at three-month low
KARACHI: The stock market remained range-bound on the first trading session of the week as volumes fell to a three-month low.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended a marginal 0.02 per cent or 2.75 points higher at 11,946.09. more... (Tribune)
Financing for exporters enhanced by 50pc
KARACHI: The State Bank on Monday decided to increase maximum financing limit to a single export-oriented project under the Long Term Financing Facility (LTFF) scheme for plant and machinery.
The limit has been increased from Rs1,000 million to Rs1,500 million, said a circular issued by the SBP to all banks and development financial institutions (DFIs). more... (DAWN)
SBP revises Credit Guarantee Scheme
KARACHI: The State Bank of Pakistan (SBP) has revised the Credit Guarantee Scheme for small and rural enterprises, which is aimed at ensuring maximum utilisation of the facility and increasing market penetration.
The scheme has been revised in the light of recommendations of the technical committee on credit guarantee, represented by the State Bank of Pakistan, UK's Department for International Development (DFID) and Pakistan Banks Association (PBA), said a circular issued to banks on Monday. more... (Tribune)
Industrial corrosion causes Rs250b loss
KARACHI: Pakistan has been incurring an annual loss of Rs250 to Rs300 billion (about $3 billion) on account of infrastructure, industrial and household corrosion, according to experts at a conference on Monday. more... (Tribune)