MAJOR NEWS TODAY: 9-8-2014

Sanie Khan

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1. US says it still supports Nawaz

2. China says new schedule of President Xi’s visit soon

3. Floods wreck havoc across Central Punjab

4. Moody’s says political strife is credit negative for Pakistan

5. Finance Minister Dar discusses issues related to financing of Diamer Bhasha Dam

6. Draft hydel power policy being made

7. ADB set to approve US$30mn loan for Engro LNG project

8. Changes likely in gas allocation policy; includes ban on gas generators, fresh allocation for housing and transport sector

9. Cement sales increase by 23.3%YoY to 2.778mn tons (local +23.6%, exports +22%) in August; down 6.7%YoY in 2MFY15

10. Cement manufacturers unlikely to concede South African markets

PREVIOUS DAY FOREIGN FLOWS

Gross Buy	USD11.4mn
Gross Sell	USD5.3mn
Gross Buy & Sell	USD16.7mn
Net Buy	USD6.1mn

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

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