Inside Financial Markets

MAJOR NEWS TODAY: 07-FEB-2014

news1MAJOR NEWS TODAY:

1. Government hints at allowing ‘Sharia’ rule in FATA

2. IMF timeline relating to hiring of financial advisors for power sector PSEs, PIA may not be met 

3. Foreign exchange reserves up by USD23.5mn from last week to USD8.017bn

4. Talks between central banks of Pakistan and India in advanced stage for opening of scheduled bank branches in Karachi and Mumbai

5. Government received only 26% of projected funds in 1HFY14

6. Dynamic profit rates recommended for boosting NSS

7. KSE investigates staff access to trading data

8. Government may launch surgical clean up of PIA top management

9. Islamabad High Court terms ECC decision regarding three month closure of CNG stations in Potohar region null and void

10. Gas supply for fertilizer sector to resume from March1

11. Power tariff for distribution companies up by Rs1.01/unit on account of monthly fuel adjustment

12. Minister says grey trafficking should be controlled effectively

13. Sindh High Court tells ENGRO to evaluate mining bid 

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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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)