Conference On Business, Economics, Finance,
Commodities like households , transportation, restaurant, energy items and hotel services have registered increase in the prices on YoY basis. Economic Adviser Finance Division briefed the NPMC about weekly SPI which witnessed decrease by 0.11% as compared to decline of 0.06% in the previous week, 33 food items contributed decrease of 0.05%, whereas 18 non-food items contributed decrease of 0.06% to the SPI. The items shown decline included Potatoes by 0.05%, Onions by 0.03%, Eggs by 0.04% and other by 0.05%. After taking the delivery, these goods are locally sold/ exported by the customer acting as Bank’s agent. It is simply a sale transaction where the seller discloses the cost and profit to the buyer at the time of execution of sale. The Bank purchases the product from market through its agent which may be a customer itself and subsequently sell it to customer on spot/deferred payment. Meezan Bank offers complete solution to its customers for all their working capital needs for p...