MAJOR NEWS TODAY: 28/8/2014

Sanie Khan

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1. Government rejects Qadri’s demands; MQM hints at joining Qadri’s protests; Qadri calls today a day of revolution

2. PTI chief Imran Khan expected to make important announcements today

3. PM tells parliament he won’t step down

4. Chinese president to visit Pakistan next month

5. Privatization Commission (PC) to float OGDC shares in the midst of political chaos; GDRs to be offered at London Stock Exchange in early October

6. New textile policy likely to be announced in the first week of next month

7. K-Electric (KEL) asks Sindh government to release promised funds to defaulting KWSB, which owes KEL Rs31bn

8. Adamjee Life to begin Takaful operations

9. Silkbank approves Rs10bn Rights issue to raise capital base

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD6.7mn
Gross Sell	USD8.9mn
Gross Buy & Sell	USD15.6mn
Net Sell	USD2.3mn

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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