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 |
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