MAJOR NEWS TODAY: 5-AUG-2014

6 views

1 min read

MAJOR NEWS TODAY: 5-AUG-2014

1. World Bank decides to release technical grant of USD9mn, with the objective to facilitate trade between Pakistan and India

2. Pakistan likely to win USD550mn fifth loan tranche from IMF

3. CPI inflation clocks in at 7.88%YoY in July 2014

4. Foreign exchange reserves drop by USD110mn from last week to USD114.45bn

5. Ministry seeks explanation from K-Electric for charging unlawful bank charges and meter rent

6. Pakistan Petroleum (PPL) makes significant gas discovery at Gambat

7. Senate panel finds PSO chief’s posting illegal

8. Cherat Cement (CHCC) to set up new plant in Nowshera

9. Nestle increase milk prices

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD27.8mn
Gross Sell	USD11.7mn
Gross Buy & Sell	USD39.5mn
Net Buy	USD16.1mn

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

View all posts