MAJOR NEWS TODAY: 8-May-2014

Sanie Khan

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1. Finance Minister briefs IMF about performance

2. Finance Minster says government all set to tap Sukuk market

3. PM directs Ministry of Finance to release Rs20bn immediately to ease load shedding

4. FBR to face Rs225bn revenue shortfall

5. IPPs plan cut in generation amid rising circular debt

6. Urea sales down 24%YoY in April 2014

7. Abraaj partner says about time they sell stake in BYCO

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD10.8mn
Gross Sell	USD6.2mn
Gross Buy & Sell	USD17.0mn
Net Buy	USD4.5mn

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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