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  April 21, 2008 

Statistics
KSE 100 Index
Previous. Index
15,622.30
Current Index
15,676.34
Change %
0.35%
YTD ( CY' 07)
11.36%
YTD ( FY' 07)
13.83%

International Indicates
 
Close
Percentage
BSE-30
16,481.20
1.46%
HANGSENG
24,197.78
(0.30)%
NIKKEI 255
13,476.45
0.60%
FTSE
6,056.50
1.27%
DJI
12,849.36
1.81%
TSX
14,237.06
0.86%
KLSE
1,267.65
0.88%

S.C.R.A
16-04-2008
46.58
April
125.78
YTD (July-Date)
136.43

Money Market Updates
Tbill Cut-off
 
1 year
10.1357%
6 month
9.8686%
KIBOR ( 6 months)
10.38%
PIB (10 years)
11.51%

Exchange Rates
Rs/US
63.95
RS/UK
127.80
RS/EURO
101.18
RS/OMAN RIYAL
167.69

commodities
Oil
$116.75/barrel
Oil Change in %
0.05%
Gold
$925.20/ounce
Gold Change in %
1.09%

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)
13.04
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

Relief from double taxation: SECP agrees with KSE budget proposal
The Securities and Exchange Commission of Pakistan (SECP) has agreed with a budget proposal of Karachi Stock Exchange (KSE) to abolish 10 percent income tax on dividends received by companies on their investments in other companies more... (BR)

ADB to give $800 million for power projects
The Asian Development Bank (ADB) has agreed, in principle, to provide Pakistan a multi-tranche financing facility of $800 million for various projects in power sector. The facility is extendable to $1,200 million more... (BR)

Rupee may cross 65 mark versus dollar
The rupee may cross the barrier of 65 as it easily has breached an important mark of 64 due to higher demand for dollars in both interbank and the open market during the week, ended April 19, 2008 more.. (BR)


Rice export ban to cause $1.2 billion foreign exchange loss
The country will have to face a loss of about $1.2 billion, in foreign exchange, in case the government imposed ban on rice export, rice exporters said. On the other hand, they said, the national exchequer would also have to lose on account of withholding tax and other levies more.... (BR)

Draft resolution onjudges issue ready
The government has finalised the draft of a resolution for reinstatement of all deposed judges, including Justice Iftikhar Muhammad Chaudhry, PPP sources told Dawn on Sunday more... (D)

PPP, MQM in fresh efforts for reconciliation
A delegation of the Muttahida Qaumi Movement, led by the party’s deputy-convenor and MNA Dr Farooq Sattar, met Pakistan People’s Party’s provincial leadership at Bilawal House here more... (D)

 
sector Briefing

Asif asks Ministry to replace oil pricing formula
Petroleum Minister Khawaja Muhammad Asif has questioned the oil pricing mechanism, saying that it is instrumental in providing refineries, oil marketing companies (OMCs) leverage for windfall profit more... (BR)

ECC favours IPPs without Ministry's consent
In a surprise move, the Economic Co-ordination Committee (ECC) of the Cabinet, in its first meeting held on April 8, slashed customs duty on imports by 11 independent power producers (IPPs), whose financial close was March 30, 2008, as recommended by the Ministry of Water and Power more.... (BR)

Marginal fall in CFS investment
Investment under Continuous Funding System (CFS) at Karachi share market fell marginally by Rs 82.45 million to Rs 54.497 billion or 15 bps at the end of last week as compared to Rs 54.58 billion a week earlier. 008 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