The index gained 1.06 per cent on the back of continued interest in blue chip stocks and appreciation in Pakistani rupee
Govt is aggressively marketing in order to increase forex reserves, while claiming early signs of economic recovery.
For the month, India's BSE index is the second-largest gainer in Asia in dollar terms, after Pakistan’s KSE.
“It is just beginning of a very bad and long summer,” says an official of Pakistan Electric Power Company (Pepco).
The greenback fell below the Rs104-mark in interbank dealings and the Rs103-mark in the open market.
Asian shares fell after poor economic data from China; revised Japan figures showed slower-than-expected 2013 growth.
Pakistan’s fiscal deficit in first eight months of this fiscal year amounted to Rs832 billion or 3.2pc of the GDP.
A study on GSP+ scheme suggested that this duty regime will not suffice alone to secure sustainable market access to EU.
Early indicators suggest that gains from GSP+ facility to Pakistan may surpass initial estimates of material benefit.
There is broad consensus within industry that exports can't be boosted unless govt creates business-friendly environment
Joint surveys of industrial units aimed at helping them meet international requirements are under active consideration.
The GSP+ incentive for exports, as such, stands to have little impact, if at all, on the province.
KP has a poor industrial base & no export-oriented manufacturing unit. As such, the GSP+ status means nothing to them.
"Our job is to continuously sensitise, administer and remind people of things that they need to do,” the minister said.
|Countries||Selling (Rs.)||Buying (Rs.)|