Money Market, Forex and General Upadtes - 07-04-2011
Thursday, April 7, 2011
Money Market Updates:
State Bank of Pakistan (SBP) Wednesday accepted bids worth Rs. 184.7 billion for Government of Pakistan Market Treasury Bills (MTBs) with various maturities. The MTBs had face value amounting Rs 200.9 billion. The SBP realized bids worth Rs. 1.067 billion for MTBs with maturity of 3- month and cut-off yield of 13.3004 percent, Rs 130.3 billion for 6-month with cut-off yield of 13.6899 percent and 53.26 billion for 12-month with cut-off yield of 13.8684 percent. Non competitive rates for three, six and twelve months were 13.2542 percent. 13.6670 percent and 13.8294 percent respectively.
Forex Market Updates:
Dollar Market opened at 85.08/13 with a low of 84.80 and a high of 85.05. The rupee has appreciated in terms of dollar due to fewer payments in this week. Dollar closed at 84.85/90.
General Market Updates:
Pakistan's total rice export has crossed 2.734 million tons mark during nine months of current fiscal year, showing a decline of 772,928 tons over last year's 3.314 million tons. The value of rice exports has slipped by $ 123 million to $ 1.507 billion during July 2010-March 2011 compared to $ 1.630 billion same period last year.
The Standard Chartered Bank (SCB) has launched a new enhanced `Priority Banking offering' for Pakistan's increasingly sophisticated and discerning banking customers. The new service for customers with high investible assets combines highly customized financial solutions covering banking, borrowing, protection and investments, with exclusive new products such as the Visa Platinum Debit and Credit Cards.
As part of restructuring of Khushhali Bank Limited KBL (largest micro finance bank in Pakistan) agreed between State Bank of Pakistan and KBL shareholders, a consortium of shareholders (Sellers Consortium being represented and led by MCB Bank Limited) intends to divest its 79.2 percent shareholding in KBL along with transfer of management control (Equity Stake) to strategic Investor.
Labels: Development Economy, Economy and Business
posted @ 5:02 PM,
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The High-Intensity Entrepreneur
Friday, October 29, 2010
Article titled “The High-Intensity Entrepreneur” by Anne S. Habiby and Deirdre M. Coyle, Jr. has appeared in Harvard Business Review and is creating waves in academic and industrial circles. The article presents the case of entrepreneurship in the developing world and the important role it is playing in moving the sluggish economies of the countries forward. The inspirational stories on entrepreneurship are not only coming from Silicon Valley, Cambridge Research Parks and other traditional seats where knowledge is being generated, but also coming from Beirut, Saudi Arabia and yes from Pakistan too. The article motions Pakistan’s Air Blue success story.
There are so many other successful entrepreneurship examples in Pakistan. We only have to look around. In these times of dooms and gloom, our economists and writers can identify the best growth companies and given them a little visibility. That will help education and industry in Pakistan. And we will have something to look forward to.
I suggest you read The High-Intensity Entrepreneur (subscription required) and see what is the central idea and how we can use it in our own settings.
Labels: Development Economy, Pakistan
posted @ 1:34 PM,
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CAT
Friday, August 20, 2010
Readers at Light Within are familiar with the work of NGOs and how Thatta Kedona (and also SPARC) is making difference in a small village Thatta Ghulamka Dheroka situated on the bank of River Ravi near Gogera. Dr. Senta Siller (mother of dolls) and Dr. Norbert Centre (fondly called by village community as chaudhry sahib) keep toggling between Germany and the remote village with fresh ideas and people of the village keep making new products (dolls, tin toys and other decorative cultural mementos) keep travling from village to the entire world. Now the untiring couple has started another project in Cameroon. Heritage and Appropriate Technology Center is born in Cameroon. Heritage and Appropriate Technology Center Cameroon is Bamenda - capital of North West Region in the Republic of Cameroon - based NGO. The NGO is focusing on development, presentation on exhibitions and promoting of appropriate technology. Do-it-yourself usage of appropriate technology gives a hope of independence from central technical infrastructure. And handmade dolls, dressed in traditional attires from the different provinces are a means of additional income generation in rural areas. Heritage and Appropriate Technology Center Cameroon involves men, women and also children in different initiatives.
Heritage and Appropriate Technology Center Cameroon has develop active cooperation with foreign NGOs like Technology Transfer and Training Centre in Pakistan, Institute for Planning and Consulting, German Society for the Development of Culture (DGFK) and Bamenda University of Science and Technology (B.U.S.T). This blog, in addition to useful information about Cameroon (one of the most diverse African countries that is called Africa in Miniature and its culture and people, will covers CAT initiatives and projects. [Via]
Labels: Development Economy
posted @ 8:15 PM,
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