Major news 19-Feb-2014

MAJOR NEWS TODAY:

1. Government body expresses inability to carry forward talks; Taliban spokesman say they are serious towards dialogue

2. Pakistan asks Iran to respect international borders

3. Pakistan signs accords for power supply from Central Asia

4. Pakistan repays USD149mn to IMF

5. Finance Minster stresses investment-led growth; trade in government papers launched

6. Finance Minster hints at Pakistan Development Fund for the infrastructure development of capital and equity markets

7. Finance Minster says PIA likely to be bifurcated before privatization; Pakistan close to completing privatization deals

8. PIA not being privatized says PM special assistant as 43 more aircraft to be added

9. TCP seeks MoC’s nod to supply sugar to Army

10. Cotton arrivals reach 13.2mn bales in YTD FY14, up 4.82%YoY

11. Resumption of gas supply for textile sector demanded

12. Cement exports to India can be increased 5 times if hassle free transportation of goods is granted as Indian Punjab has demand of over 2mn tons of Pak Cement

13. Fauji Fertilizer Company (FFC) takes initiative to print price on urea bags

 

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD5.0mn
Gross Sell	USD3.0mn
Gross Buy & Sell	USD8.0mn
Net Buy	USD2.0mn

 

MAJOR CORPORATE ANNOUNCEMENTS TODAY:

Stock	Period	Expectations
UBL	2013	EPS Rs11.10 (down 4%YoY); DPS Rs2.5