Meezan received central bank approval to buy the local banking business of HSBC in May this year.
The country’s total liquid foreign exchange reserves declined to $13.219 billion during the week ending November 21.
If the recommendations of Ogra are accepted by the govt, the price of petrol will come down to the July 2008 level.
The KSE-100 index rose intra-day by 90 points as investors believed that the sukuk issue would have a positive impact.
Federal Minister for Textile and Industries Afridi said that draft of the first policy would be forwarded to the ECC.
Pakistan’s export of non-textile products witnessed a negative growth of 13.59 per cent.
Cotton prices were stable on Thursday at overnight level amid moderate business activity.
Consumers have yet to witness any drop in the prices of grocery items despite a reduction of Rs6 per litre.
The participants discussed the pivotal role of leadership and human capital in driving the economy of a country.