News Format

8/15/2019 News Format

1/6

Expansion spree: HBL enters microfinance banking segment:

Habib Bank (HBL) has entered the microfnance banking segment by acquiring a

majority shareholding in Pakistan’s third largest microfnance bank in terms o the

value o savings according to a regulatory fling by the country’s biggest

commercial bank on !hursday" #lthough the stock notice did not mention the valueo the transaction the consolidated annual re$ort o HBL or %&' shos the bank

had o*ered to $urchase &"'+ o the shareholding o ,irst -icro,inance Bank

(,-,B) at a consideration o .s% billion"

Various services: 16 percent FED likely to be it!"ran:

!he government ould announce ithdraal o '/ $ercent ,ederal 01cise 2uty(,02) on various services in budget (%&'/3'4) including stock brokers shi$$ingagents banking com$anies stevedores ore1 dealers insurance com$aniesranchise services and other services here $rovincial sales ta1 is a$$licable"

#eekly inflation falls:

!he sensitive $rice indicator (5P6) or the eek under revie as recorded at %'7"8$oints or theabovementioned grou$ com$ared to %'7"// $oints registered in the $revious eek"Hoever the 5P6 rose by &"99$c hen com$ared ith the corres$onding eek olast year"

Dollar "eman" anes $%pc:

2ollar demand aned one3fth since the government decided to ithdra thenotices or the recovery

o ederal e1cise duty rom e1change com$anies -alik Bostan $resident at ,ore1#ssociation o Pakistan said on 5aturday" Bostan in a statement said increase inthe country:s oreign e1change reserves resulted in ease o dollar value in the o$enmarket"

&ovt likely to contain bu"get "eficit at 'pc in $%16(1):

!he budget defcit may be logged at our $ercent in the ne1t fscal year o %&'/;'4slightly u$ rom an earlier $rojection o 8"< $ercent as the groth target revisionill com$el the government to teak itsfscal rameork sources said on 5aturday" !he government scaled don the =2Pgroth’s orecast to "4 $ercent rom /"% $ercent or the u$coming fscal on theinsistence o the Planning >ommission" !he ell3$laced sources told !he ?es thatthe government has to bring changes in its hole acroeconomic and fscalrameork and subsequently the budget defcit ill be idened to e1actly 8"99$ercent or %&'/3'4"

Building on the $receding days momentum inde1 traded in the green @one today$iling on '8 $oints to close on 8//97 $oints"


2/6

Decision*making t!roug! vi"eo link: +s 1,6) trillion "evelopment outlay- .,) percent

grot! target approve" by /rime 0inister:

Prime -inister ?aa@ 5hari -onday chaired backAtoAback ?ational 0conomic

>ouncil (?0>) and ederal >abinet rom London through video link A frstAever in the

history o the country A to a$$rove develo$ment outlay o .s '/4 billion and a

groth target o "4 $ercent as ell as ederal budget o around .s 7"7'< trillion or

the ne1t fscal year" 5ources said the $ro$osed e1$enditure ceiling $resented to the

ederal cabinet or a$$roval as .s hina (PBo>) $ut the yuan A also knon as the renminbi (.-B) A at/"4


3/6

dragged the stock to its loer circuit" !he inde1 shed 79 $oints ith a relativelylo turnover o %&mn shares traded"

?onAcom$lianceD 5itch 5ecurities $ut under restrictionsD

E#.#>H6D !he Pakistan 5tock 01change (P5F) $ut a brokerage house under

regulatory restriction on !uesday or its nonAcom$liance ith the las relating to the

segregation o clients’ assets"!he P5F im$osed a restriction on 5itch 5ecurities a

share brokerage frm hich bars it rom o$ening ne accounts until urther notice

according to a note issued to all market $artici$ants"

0ee3an Bank to provi"e 4ar3*e*Hasna to Ham"ar" 5niversity stu"ents:

Hamdard niversity and 6hsan !rust (6!) o -ee@an Bank have signed an -o or$roviding Gar@AeAHasna (6nterest ,ree Loan) to the students o Hamdard niversity(H) $urely on needAcumAmerit basis"!he $ur$ose o this -o is to strengthen eachother:s ca$acity and $laying their role in $roviding education to those communitiesand individuals ho have been admitted to Hamdard niversity on merit and theyare unable to a*ord the tuition ees

E2uity +oun"up :

!he inde1 traded both ays hovering in a band o 7/4 $oints to settle in red ('48$oints) closing at 8/&/'" !urnover remained relatively higher at %%&mn sharestraded ith a concentration o trading in third tier names"

#eak monetary expansion "espite lo interest rate:

2es$ite historically lo interest rate and inIation the monetary e1$ansionremained less than the $revious year at the end o the current fscal year "!he 5tate

http://tribune.com.pk/story/1113870/non-compliance-switch-securities-put-restrictions/http://www.brecorder.com/pakistan/banking-a-finance/299406-meezan-bank-to-provide-qarz-e-hasna-to-hamdard-university-students.htmlhttp://tribune.com.pk/story/1113870/non-compliance-switch-securities-put-restrictions/http://www.brecorder.com/pakistan/banking-a-finance/299406-meezan-bank-to-provide-qarz-e-hasna-to-hamdard-university-students.html


4/6

BankJs latest re$ort issued on !uesday said the monetary e1$ansion as /"4 $ercent (.s4bn) during the frst '' months (till -ay %& %&'/) o the %&'A'/ againstthe e1$ansion o 4"97$c (.s49&bn) during the same $eriod o the $revious year"

nflation rate stan"s at 7,$ percent in 0ay:

Pakistan:s inIation rate has been recorded at 8"% $ercent during -ay com$ared to7"% $ercent during the corres$onding $eriod o the $revious year" #ccording to thelatest fgures released by the Pakistan Bureau o 5tatistics (PB5) on Kednesday theinIation measured by >onsumer Price 6nde1 (>P6) has been recorded at 8"% $ercentduring -ay" #ccording to the PB5 data average inIation during uly3-ay %&'3'/decreased by %"


5/6

5tock 5treet (Pvt) Ltd hich as listed on the 6slamabad 5tock 01change Limitedand >a$ital Mision 5ecurities (Pvt) Limited o the Lahore 5tock 01change Limited(L50)"!he a$e1 regulator has already com$leted its more than one year longinvestigation into the a*airs o >a$ital Mision hile the $robe into the 5tock 5treetis underay" -eanhile due to e*orts o the ?#B the 2irector o the #>0 5ecurities6qbal 6smail ho had Ied the country ith .s88 million o 78% investors a$$eared

in a ?#B court on !hursday and submitted a$$lication or $lea bargain" 6smail saidthat he as ready to $ay back the investors’ money

&ovt to raise +s1,..trln t!roug! 0pc:

6nvestment3to3=2P ratio reached '"%' $er cent during the fscal year %&'3'/ astotal investment touched the fgure o .s7&% billion as com$ared to .s7%/bnlast year shoing a groth o "46 reclassifcation asthe benchmark $iled on 87% $oints to settle at 8/


6/6

Bankers see grot! in cre"it "eman" but fin" super tax? "isturbing?

!H0 $ro$osed si@e o bank N borroing envisaged in the ederal budget ,O'4 hascome as good nes or banks $articularly at a time hen the $rivate sectorborroing is also e1$ected to rise due to the sti$ulated economy boosting

measures"

But the government decision to kee$ the ta1 rate on banks discriminately higherthan the one a$$licable on all other com$anies is rom bankersJ $oint o vie abad nes" #nd the announcement made in the budget that banks shall continue to$ay the su$erAta1 im$osed on auent com$anies and individuals in ,O'/ ande1tended or ,O'4 also at a higher rate is quite JdisturbingJ senior bankers say"

,inance -inister 6shaq 2ar inormed the $arliament that to balance income ande1$enses the government ill borro rom banks about .s78bn in ,O'4 againstthe ,O'/ original target o .s%>L that itnessed a turnover o 8mn and %%mn res$ectively
http://www.brecorder.com/top-stories/0:/53706:the-rupee-mixed-patterns/?date=2016-06-06http://www.brecorder.com/top-stories/0:/53706:the-rupee-mixed-patterns/?date=2016-06-06http://www.brecorder.com/top-stories/0:/53706:the-rupee-mixed-patterns/?date=2016-06-06

News Format

Documents

Transcript of News Format