MAJOR NEWS TODAY: 6/5/2014

Sanie Khan

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1. Dar terms the twin deficits as major ills of the economy

2. Govt. decides to provide legal assistance to Altaf

3. MQM asks people to resume normal life

4. Budget to boost investment development, says PM

5. Subsidy to TCP for urea import reduced by Rs5bn in the next fiscal year

6. 120 MMCFD of additional gas to be added to the system

7. Mortgage refinances company to be established in FY15

8. JJVL loses review petition, right to extract LPG

9. Businessmen suffer losses of Rs4.5bn due to closure of Karachi

10. Government scales down PSE subsidies by 37%

11. Total cement sales increase by 6.2%YoY in May 2014, while in 11MFY14 sales are up 1.6%YoY

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD23.1mn
Gross Sell	USD15.6mn
Gross Buy & Sell	USD38.7mn
Net Buy	USD7.5mn

MAJOR CORPORATE ANNOUNCEMENTS TODAY:

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Expectations

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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