MAJOR NEWS TODAY: 26-8-2014

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MAJOR NEWS TODAY:

1. PAT leader Qadri issues 48-hour ultimatum

2. Former President Musharraf seeks adjournment of treason trial for two weeks

3. Ministry of Finance-FBR team in Switzerland for potential return of USD200bn stashed in Swiss banks by Pakistani nationals; Swiss envoy says talks only about avoidance of double taxation treaty

4. Supreme Court for free movement of traffic on Constitution Avenue

5. Second round of talks between Pakistan and India over water disputes remain inconclusive

6. SBP warns against currency speculation

7. US Dollar rises sharply above Rs103

8. LSM grows by 3.9% in FY14; up 0.25%YoY but down 2.74%MoM in June 2014

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD3.5mn
Gross Sell	USD5.4mn
Gross Buy & Sell	USD8.9mn
Net Sell	USD1.9mn

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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