MAJOR NEWS TODAY: 15-5-2014

Sanie Khan

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MAJOR NEWS TODAY: 15-5-2014

1. Civil, military leadership land on the same page to speed up ongoing target operation in Karachi

2. Budget likely to be presented on June 3

3. 17% sales tax may be charged at import stage for non-export oriented sectors

4. Rs525bn likely to be allocated for PSDP in budget FY15

5. New textile policy on June 30

6. Government borrows Rs348bn through MTBs

7. Government likely to issue Rs31bn TFCs to ease PSO woes

8. ABAD says 100 housing projects to be launched soon in Karachi

9. OGDC MD says Pak oil, gas reserves depleting by 3% every day

10. Record petrol imports in April

11. Rs1bn recovered in Bank of Punjab (BOP), housing scheme scams

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD10.8mn
Gross Sell	USD3.4mn
Gross Buy & Sell	USD14.2mn
Net Buy	USD7.4mn

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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