of Pakistan Board of Investment
(Public Affairs Wing)
from Pakistan (18-11-2002)
flow of Foreign Direct Investment during the period
July-October, 2002 has increased by 234% as compared
to the corresponding period of the previous year. During
October alone the inflow of FDI is US dollars 229 million.
The inflow of FDI during July-October, 2002 is US $
399.1 million while it was US $ 119.6 during the same
period of the previous year.
decision to cut the discount rate by 1.5 percent, taken
by the State Bank of Pakistan, after bringing the International
Monetary Fund on board, is aimed to protect the Federal
Budget and SBP's own depleting reserves.
the inter-bank market, the rupee strengthened with
a rise of 30 paisa for buying and selling at Rs.58.40
and Rs.58.42, respectively.
cut in State Bank of Pakistan's discount rate alone
will not reduce the arbitrage factor unless the central
bank allows the rupee to appreciate at a faster rate
and restores the equilibrium.
profits of commercial banks listed at the Karachi Stock
Exchange nearly doubled in the third quarter ended
September 30, 2992, despite the fact that interest
rates lowered by a substantial amount.
to complete Rs.16 billion new pipeline plan by 2004.
would likely to control the proceedings on Monday as
the cut in discount rate by the State Bank of Pakistan
improved the share prices of several companies on Saturday
during the kerb trading.
badla rates last week at the Karachi Stock Exchange
stabilized around 17.5 percent from its peak of 30
stock market recovered modestly during the past week
on hope the new government would soon be formed after
over a month's deadlock where cautious approach adopted
by genuine investors nearly halved the weekly business.
of cotton crop is reported to be in full swing and
heavy arrivals of seed-cotton in Punjab factories/markets
has been sent on e-mail to OPs/HICs/CCs.
DG, BOI, Karachi.
System analyst to place it on website.