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  • Biz Reflector: Serving The Business News

    Transféré par

    Anum Ahmad
    13 vues1 page
    The Finance Minister visited Army General Headquarters and discussed budgetary requirements for the upcoming fiscal year 2015. The Finance Minister acknowledged the need to ensure fulfillment of defense requirements given the current security situation. Significant boost will be provided to defense in the fiscal year 2015 budget. The article also provides a brief overview of Sukuk (Islamic bonds), including their structure and growth in Pakistan and other countries. Pakistan's first Sukuk issuance was in 2002, but the market did not develop significantly until Dubai Islamic Bank helped facilitate later Sukuk bond issuances in Pakistan. Key stock market indexes are provided for the week, with the KSE-100 index closing higher on Monday but details for the rest of

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    financial managment

    Titre original

    FinAL News Paper

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    The Finance Minister visited Army General Headquarters and discussed budgetary requirements for the upcoming fiscal year 2015. The Finance Minister acknowledged the need to ensure fulfillment of defense requirements given the current security situation. Significant boost will be provided to defense in the fiscal year 2015 budget. The article also provides a brief overview of Sukuk (Islamic bonds), including their structure and growth in Pakistan and other countries. Pakistan's first Sukuk issuance was in 2002, but the market did not develop significantly until Dubai Islamic Bank helped facilitate later Sukuk bond issuances in Pakistan. Key stock market indexes are provided for the week, with the KSE-100 index closing higher on Monday but details for the rest of

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    13 vues1 page

    Biz Reflector: Serving The Business News

    Transféré par

    Anum Ahmad
    The Finance Minister visited Army General Headquarters and discussed budgetary requirements for the upcoming fiscal year 2015. The Finance Minister acknowledged the need to ensure fulfillment of defense requirements given the current security situation. Significant boost will be provided to defense in the fiscal year 2015 budget. The article also provides a brief overview of Sukuk (Islamic bonds), including their structure and growth in Pakistan and other countries. Pakistan's first Sukuk issuance was in 2002, but the market did not develop significantly until Dubai Islamic Bank helped facilitate later Sukuk bond issuances in Pakistan. Key stock market indexes are provided for the week, with the KSE-100 index closing higher on Monday but details for the rest of

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    QUOTE:-

    The safe way to double


    your money is to fold it
    over once and put it in
    your pocket.
    Frank Hubbard

    BIZ REFLECTOR
    Monday, 10 march 2014

    Serving the
    9 Jumada Al-Awwal 1435 A.H.Business
    Karachi-published
    weekly
    News

    Defense to get significant boost in fiscal year


    2015: Dar visits GHQ

    Weekly review
    Monday
    SBP opposes lifting of ban on gold
    import.
    Non life insurance firms to increase
    paid up capital.
    PIA sales process to begin this
    month; FM chairs meeting.

    Federal Minister for Finance Senator Mohammad Ishaq Dar


    visited Army General Headquarter on Saturday and discussed
    with the Chief of Army Staff Gen. Raheel Sharif budgetary
    requirements of the Pak-Army for the year 2014-15. According
    to a statement issued by Finance Ministry, the Finance Minister
    acknowledged the need to ensure fulfilment of defense
    requirements in the light of current security situation.

    Prices of petrol
    HOBC=
    137.73 /Ltr
    Premium=
    110.03 /Ltr

    Rs.
    Rs.

    SUKUK (by iqra ikram)


    The growth of Islamic banking and finance attained a great momentum during
    the last decades, particularly in the area of sukuk- Islamic bond. Sukuk is a sort
    of certificate in which ownership is given to the investors on asset with a fixed
    share of profits and cash flows instead of fixed interest rates.
    Allah has permitted trade and has forbidden riba (interest) Quran 2:275. So the
    sukuk is structured in such a way as to generate returns to investors without
    infringing Islamic law (that prohibits riba or interest). Not only Muslim
    countries but also non-Muslim countries venturing in the sukuk market.
    In 2002 Pakistan first time issued sukuk when sitara chemical industries issued
    its MTFC. The sukuk market had not worked much successfully in Pakistan
    thats why Dubai Islamic bank willing helped Pakistan float sukuk bonds. The
    Finance Minister expressed the hope that Pakistan and DIB would work closely
    to achieve the fundamental objective of promoting Islamic Banking besides
    increasing cooperation to facilitate trade and investment in Pakistan.

    Prices of CNG
    CNG Region-I
    (Khyber
    Pukhtunkhwa,
    Baluchistan, Potohar
    region;
    Islamabad,
    Rawalpindi and Gujar
    Khan)=Rs. 74.25 /Kg
    CNG Region-II
    (Sindh and Punjab
    excluding
    Potohar
    region)=Rs. 66.14 /Kg

    Govt constitutes a large tax


    advisory committee
    Islamabad: Just months before the announcement
    of the new budget, the federal government has
    decided to constitute a large Tax Advisory
    Committee (TAC), which will give representation
    to major competing lobbies in an attempt to
    neutralize forces that often create trouble in postbudget scenarios.

    Monday

    Tuesday

    Open

    25853.54

    High

    Thursday

    Friday

    25823.85

    Wednesd
    ay
    26314.18

    26842.53

    26892.23

    26044.81

    26223.44

    26315.66

    26883.54

    26979.01

    Low

    25783.28

    25772.78

    26186.51

    26521.99

    26800.78

    Close

    26209.38

    Change

    70.28

    355.84

    104.80

    320.54

    49.70

    Volume

    1423107
    20

    1899605
    40

    12386956
    0

    18954134
    0

    15683796
    0

    Biz Reflector

    Tuesday
    Index starts positively on first day of
    week.
    Inflation unchanged at 7.9 pc in Feb.
    Siemens to sell transformer business
    Wednesday
    Government open bids for Kotli
    hydropower project.
    SBP introduces special incentives
    for bonus, SMES
    Warid-etisalat talks fall through.
    Thursday
    Local cement sales go up.
    Shell to take parts in bids for LNG
    import.
    Power board approves projects of
    2630MW capacity.
    Friday
    Rupee makes sharp gain against
    dollar.
    Pak government admits to revising
    tax target downward.
    Unilever foods earn Rs 1 Billion
    profit.

    KSE-100 Index
    Stock
    Market

    Founders:
    Ramsha Haleem
    Maryam Ahmed
    Nighum Fayyaz
    Anzala Noor
    Iqra Ikram

    Saturday
    PIA opens bids for acquisition of 10
    aircraft.
    Face book is in talks to buy drone
    maker Titan Aerospace- to make
    internet available to everyone on the
    planet.
    Pakistan buys 60,000 tonnes of
    rapeseed/canola from Australia
    Sunday
    Pakistan can become world's 18th
    largest economy by 2050.
    Rupee makes sharp gains against
    dollar.
    Pakistan fails to defend Asia cup title
    as they were defeated by Sri lanka

    Page

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