MAJOR NEWS TODAY: 31-1-2014

Sanie Khan

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MAJOR NEWS TODAY: 31-1-2014

1. Pakistan fails to achieve 1HFY14 revenue target agreed with IMF

2. SBP governor Yaseen Anwar resigns ahead of IMF talks

3. Government plans to build foreign exchange reserves by USD10.9bn in 2014

4. Foreign exchange reserves fall by USD174.5bmn from last week to USD7.99bn

5. Thar coal project inauguration today

6. Government decides to start multi year tariff for power distribution companies and rationalize subsidy

7. Finance Minster takes notice of increase in urea prices

8. Karachi large taxpayers unit (LTU) to act against banks and OMCs to meet revenue shortfall

9. Local petroleum product prices may be cut up to Rs5.27/litre

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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