BasedLine
LOGO
  April 17, 2008 

Statistics
KSE 100 Index
Previous. Index
15,538.45
Current Index
15,540.35
Change %
0.01%
YTD ( CY' 07)
10.39%
YTD ( FY' 07)
12.83%

International Indicates
 
Close
Percentage
BSE-30
16,244.19
0.56%
HANGSENG
23,878.35
(0.10)%
NIKKEI 255
13,146.13
1.20%
FTSE
6,046.20
2.30%
DJI
12,619.27
2.08%
TSX
13,850.95
0.81%
KLSE
1,253.64
0.75%

S.C.R.A
11-04-2008
10.79
April
72.45
YTD (July-Date)
83.10

Money Market Updates
Tbill Cut-off
 
1 year
10.1357%
6 month
9.8686%
KIBOR ( 6 months)
10.35%
PIB (10 years)
11.45%

Exchange Rates
Rs/US
63.78
RS/UK
125.61
RS/EURO
101.24
RS/OMAN RIYAL
166.15

commodities
Oil
$114.95/barrel
Oil Change in %
1.13%
Gold
$948.10/ounce
Gold Change in %
2.12%

Inflation
CPI (YOY)
14.1%
CPI (July-Mar)
9.5%
CORE INFTN (YOY)
9.3%
CORE INFTN (July-Mar)
7.1%

Economic Indicators
$US Reserves (Billion)
13.13
GDP Growth FY 07
7%
Per Capita Income
$925
Population
163.04mn
Trade Deficit
$(14.49)bn
Curr. A/C (Jul'07-Jan'08)
$(8.42)bn
Remittances
$4.72bn
Foreign Investment
$2.61 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

Economy

‘Pakistan key to US anti-terror strategy’
Pakistan enjoys a key place in a US plan to train and equip foreign militaries and for deploying civilian experts to fight terrorism more... (D)

EU asks Pakistan to carry out electoral reforms
The European Union has urged Pakistan to undertake electoral reforms as a matter of priority and said that the February 18 polls fell short of international standards for genuine democratic elections more... (D)

Record $602 million remittances received in March
The country received a record $602.21 million from overseas Pakistanis during March 2008, against $520.24 million during the same month of last year, depicting a rise of $81.97 million, or 15.76 percent more... (BR)

SECP for reduced income tax rate for corporate sector
The Securities and Exchange Commission of Pakistan (SECP) has recommended, for the 2008-09 budget, reduction in income tax rate for the corporate sector, including listed companies more... (BR)


PM urges Saarc to tap vast trade potential
Prime Minister Syed Yusuf Raza Gilani has said that the government machinery will serve as a facilitator rather than a ‘regulator’ and that all barriers in the way of economic growth will be removed more... (BR)

Polls were short of international standards: EU observers
The Europe Union election observation mission (EOM) to Pakistan on Wednesday said that the February 18 polls were short of international standards wherein ruling PML-Q, backed by President Musharraf, was given free hand on state resources and media during the campaign more... (BR)

Turkmen minister to discuss gas pipeline with Pakistan
Turkmenistan's Industry Minister Baimyrat Khodjmukhammedov will travel to Pakistan at the end of this month to discuss plans to build a gas pipeline linking the two countries via Afghanistan more... (BR)

 
sector Briefing

Services trade deficit up by 40.35 percent till February
Pakistan's trade deficit in the services sector surged by $4.223 billion during eight months of the current fiscal year showing 40.35 percent increase over last year's $3.009 billion more... (BR)

MOL Pakistan celebrates first anniversary
Mitsui OSK Lines Pakistan (Pvt) Ltd (MOL Pakistan) celebrated its first anniversary on April 16 (Wednesday) on the successful completion of its operation in Pakistan more... (BR)

Callmate Telecom given six months to clear 50 percent dues
Pakistan Telecommunication Authority (PTA) has directed the Callmate Telecom Company Limited to clear half of Rs 132 million dues within six months otherwise its license will be terminated more... (BR)

(D): Dawn (BR): Business Recorder
seprator
Research Team:
Shoaib Ali Khan
Department Head

  Zhoaib Kabani
Technical Analyst
Murshed Ali Qureshi
Analyst
Ayub Khuhro
Analyst
Seprator
Disclaimer:
This news update is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon.  Pak Oman Asset Management Company Ltd. does not assume any liability on it. This news update or any part of it should not be reproduced, published or distributed without prior permission