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  June 13, 2008 

Statistics
KSE 100 Index
Previous. Index
13,016.38
Current Index
13,025.64
Change %
0.07%
YTD ( CY' 08)
(7.46)%
YTD ( FY' 08)
(5.40)%

International Indicates
 
Close
Percentage
BSE-30
15,250.20
0.43%
HANGSENG
23,023.86
(1.30)%
NIKKEI 255
13,888.60
(2.08)%
FTSE
5,790.50
1.17%
DJI
12,141.58
0.48%
TSX
14,716.52
(0.13)%
KLSE
1,225.54
(0.30)%

S.C.R.A
11-06-2008
3.92
June
(21.08)
YTD
(106.52)

Money Market Updates
Tbill Cut-off
 
1 year
11.39%
6 month
11.19%
KIBOR ( 6 months)
12.94%
PIB (10 years)
12.51%

Exchange Rates
Rs/US
67.20
RS/UK
131.29
RS/EURO
103.92
RS/OMAN RIYAL
174.97

commodities
Oil
$136.75/barrel
Oil Change in %
2.15%
Gold
$863.50/ounce
Gold Change in %
(3.39)%

Inflation
CPI (YOY)
19.3%
CPI (July-May)
11.1%
CORE INFTN (YOY)
12.3%
CORE INFTN (July-May)
7.9%

Economic Indicators
$US Reserves (Billion)
10.95
GDP Growth FY 08E
5.7%
Per Capita Income
$1085
Population
163.52mn
Trade Deficit
$(18.75)bn
Curr. A/C (Jul'07-Jan'08)
$(11.58)bn
Remittances
$5.32bn
Foreign Investment
$3.60 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

Economy

30 tax exemptions withdrawn to meet revenue target
The government has withdrawn 30 income tax exemptions in various sectors to meet the target of Rs477 billion income tax set for the 2008-09 fiscal year more... (D)

Government to raise money for expenditures from non-banking sources
Finance Minister Naveed Qamar on Thursday said the government would raise money for expenditures from non-banking sources by floating bonds at domestic and global stock markets to reduce inflationary impact on the economy more... (BR)

Sales tax increase won't affect essential commodities' prices: FBR chief
The increase in sales tax rate from 15 to 16 percent would not affect prices of essential products like medicines, food items like pulses, vegetables and fruits etc. FBR Chairman M. Abdullah Yusuf told reporters on Thursday that there is some misconception about the overall impact of one percent increase in sales tax more... (BR)

 


Lawyers sign accord to keep march peaceful
The government and representatives of the legal community signed a 20-point agreement on Thursday to maintain law and order in the federal capital where lawyers’ long march and protest programme will culminate on Friday more... (D)

Nawaz rules out ‘safe exit’, sees off long march
Seeing off participants of the lawyers’ long march from Lahore, PML-Nchief Mian Nawaz Sharif said President Pervez Musharraf could not escape accountability by fleeing the country more... (D)

PPP women wing leaders resign
Tension between PPP MPA and President, women wing, Mirpurkhas division, Shamim Ara Panhwar, and city, taluka and district bodies’ office-bearers has intensified after en masse resignation more... (D)


 
sector Briefing

‘Apparel sector ignored in budget’
Textile apparel exporters and manufacturers has termed the budget a hoax and said that the sector is being ignored as no major incentives have been suggested in the budget for the export more... (D)

PSM output to be raised to 3m tons by 2012
An expansion plan was underway that would increase production capacity of Pakistan Steel Mills (PSM) to three million tons per year by 2012 from the existing one million tons per year more... (D)

Fertiliser sector - biggest beneficiary of budget
Fertiliser sector seems to be one of the biggest beneficiaries of the budget for fiscal year 2008-09, as the government has raised the subsidy on the DAP by over 100 percent and the subsidies on gas supply would also continue to the fertiliser industry more... (BR)


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

  Zhoaib Kabani
Technical Analyst
Shayan Hasan
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