MAJOR NEWS TODAY: 31-MAR-2014

MAJOR NEWS TODAY:

1. IMF says inflation likely to rebound

2. World Bank MD says reforms heading in the right direction

3. World Bank to provide USD10.2bn to Pakistan in next 5 years

4. Finance Minister to seek World Bank assistance for power, infrastructure projects

5. UN promises USD1bn for education in Pakistan

6. IDB approves USD220mn for Jamshoro power project

7. SBP to shake off government’s shadows from July

8. SBP expects GDP to grow between 3.5%-4.5%; expects inflation to be between 8.5% and 9.5%

9. SBP tightens Islamic Banking rules

10. 1HFY14 fiscal deficit at 4-year low of 2.1%

11. Government to raise Rs235bn from power, gas tariff hike in Budget FY15

12. Government efforts insufficient to reverse looming Disney ban

13. Grey traffic causes USD1bn annual loss; recorded volumes of international calls has dropped from 2bn minutes to less than 500mn minutes

14. Minister says country to become gas sufficient in 5 years

15. OGRA recommends cut in oil prices by Rs2-5/litre

16. National Fertilizer suggests bringing down imported urea price

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD6.0mn
Gross Sell	USD3.7mn
Gross Buy & Sell	USD9.7mn
Net Buy	USD2.3mn

 

MAJOR CORPORATE ANNOUNCEMENTS TODAY:

Stock	Period	Expectations
LPCL	2013	N/A