MAJOR NEWS TODAY: 13-8-2014
1. Government decides to form Supreme Court commission to investigate vote rigging allegations
2. Imran spurns NS gesture, asks PM to step down for fair probe
3. US Ambassador says CSF payments to be made as per schedule
4. Remittances rise by 17.45%YoY to US$1.65bn in July 2014
5. Government mops up Rs83.68bn in PIBs auction; cut off yields rise by an average 15bp
6. Government decides to cut subsidy on domestic consumers, impose an equalization surcharge on commercial and industrial users
7. 3-day ABAD Expo likely to initiate new construction projects in the housing sector worth Rs500bn
8. Auto sales down 34%YoY and 42%MoM
9. K-Electric allowed (KEL) to raise tariff by a cumulative Rs2.26/unit on account of fuel adjustment
10. Ministry of Finance suggests any revision in gas pricing formula for Mari Gas should be linked with distribution of the company’s profits among shareholders
PREVIOUS DAY FOREIGN FLOWS
Gross Buy | USD6.4mn |
Gross Sell | USD12.5mn |
Gross Buy & Sell | USD18.9mn |
Net Sell | USD6.1mn |
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