IGI Securities Limited – Investor Kit

Karachi, October 11, 2017 (PPI-OT): Top News

Overseas Pakistani workers remitted $4.79 billion in the first quarter (July to September) of this fiscal year (FY18). The remitted amount is some one percent or $ 50 million higher than the same period of last fiscal year (FY17), in which overseas workers remitted $4.74 billion. How ever, month-on-month basis, the inflow s of home remittances witnessed a declining trend. http://fp.brecorder.com/2017/10/20171011225146/

National Electric Power Regulatory Authority (NEPRA) has raised the base tariff of K-Electric by 0.70 per unit under Multi-Year Tariff plan. At present, the end-consumer tariff of K-Electric is Rs 12.07 per unit which had been raised to Rs 12.77 per unit effective from July 2016 to 2023. http://fp.brecorder.com/2017/10/20171011225183/

Sales of passenger cars in the country have posted an increase of 22.3 percent in the first three months of FY18, Pakistan Automotive Manufacturers Association (PAMA) data revealed on Tuesday. https://www.thenews.com.pk/print/235961-Car-sales-up-223pc-in-July-August

National Bank of Pakistan (NBP) president Saeed Ahmad on Tuesday informed the National Assembly Standing Committee on Finance that they decided to file review petition before the Supreme Court of Pakistan against the decision of the apex court in favour of pensioners costing Rs47.7 billion to the nationalised bank. https://www.thenews.com.pk/print/235962-National-Bank-to-file-review-petition-in-SC-over-pensioners-verdict

The government has failed in achieving the targets set for the financial year 2016-17 except arresting the rate of inflation, says Annual Review of the Economy 2016- 17 issued on Tuesday by the Institute for Policy Reforms (IPR). Many economic indicators worsened during the year. Fiscal consolidation gains of recent years also took a major retreat and the economy remained in severe imbalance. http://fp.brecorder.com/2017/10/20171011225198/

   

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