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  June 16, 2008 

Statistics
KSE 100 Index
Previous. Index
13,025.64
Current Index
12,941.56
Change %
(0.64)%
YTD ( CY' 08)
(8.06)%
YTD ( FY' 08)
(6.01)%

International Indicates
 
Close
Percentage
BSE-30
15,189.62
(0.40)%
HANGSENG
24,592.30
(1.87)%
NIKKEI 255
13,973.73
0.61%
FTSE
5,802.80
0.21%
DJI
12,307.35
1.37%
TSX
14,778.46
1.20%
KLSE
1,229.35
0.31%

S.C.R.A
13-06-2008
(3.48)
June
(39.31)
YTD
(124.75)

Money Market Updates
Tbill Cut-off
 
1 year
11.39%
6 month
11.19%
KIBOR ( 3 months)
12.69%
KIBOR ( 6 months)
12.97%
PIB (10 years)
12.83%

Exchange Rates
Rs/US
66.57
RS/UK
129.68
RS/EURO
102.44
RS/OMAN RIYAL
173.25

commodities
Oil
$133.93/barrel
Oil Change in %
(0.79)%
Gold
$874.60/ounce
Gold Change in %
(2.14)%

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

Economic Indicators
$US Reserves (Billion)
10.95
GDP Growth FY 08E
5.8%
Per Capita Income
$925
Population
163.55mn
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

International Indicates
 
Offer
Redemption
POBOP
53.72/-
53.18/-
Return YTD
9.90%
 
NAV
POAF
11.10/-
Retun YTD
10.89%

Inflation
AMC Ratings
AM3+
POBOPAPF
Fund Stablility Rating
A(f)
POAF Fund Rating
AA-

Economy


Seeking withdrawal of subsidies: World Bank and IMF set December 31 deadline
The World Bank and the International Monetary Fund (IMF) have set December 31, 2008 deadline for Pakistan to withdraw subsidies on oil gas and electricity. Sources said the World Bank and the IMF missions, which visited Pakistan last month for getting briefing from the officials on Budget 2008-09, had conveyed the officials their demand in black and white more... (BR)

$5.90 billion remittances received in 11 months
Remittances by overseas Pakistanis rose to $5.903 billion in 11 July-May period of the current fiscal year 2007-08, showing an increase of $915.73 million, or 18.36 percent, over the same period of last fiscal year more... (BR)

Rs 267.76 billion Sindh budget shows Rs 14 billion deficit
Sindh budget worth Rs 267.764 billion for the fiscal year 2008-09, showing a deficit of Rs 14.019 billion, was presented by Chief Minister Qaim Ali Shah in the Sindh Assembly on Monday. The total outlay is around Rs 33.274 billion higher than the current fiscal year's revised budget estimates of Rs 234.49 billion more... (BR)


Bush upholds Afghan threat
LONDON, June 16: President Bush has virtually backed President Karazai's threat to send troops into Pakistan in hot pursuit of Taliban as in answer to a question on the issue at more... (D)

PPP to control presidency: Asif
Pakistan People’s Party (PPP) co-chairman Asif Ali Zardari mocked the lawyers’ long march on Monday and declared his party would soon control the presidency more... (D)

Struggle is for rule of law, Iftikhar tells US audience
Deposed Chief Justice Iftikhar Mohammad Chaudhry told his first tele-conference in the United States on Monday that he was struggling to restore the supremacy of the Constitution and the rule of law in Pakistan more... (D)


 
sector Briefing

Duty-free import of all agriculture machinery allowed
The Federal Board of Revenue (FBR) has allowed the agriculture sector to import machinery, equipment, horticulture/floriculture machinery, irrigation/draining equipment, harvesting/threshing machinery and greenhouse farming equipment, etc, whether locally manufactured or not, without payment of customs duty and sales tax more... (BR)

NCEL appoints BMA Capital its financial advisor
The National Commodity Exchange Limited (NCEL), the first technology driven, demutualised, on-line futures exchange in Pakistan, has appointed BMA Capital Management Limited as its financial advisor for the private placement of its shares more... (BR)

Power generation to be raised to 22,297 megawatts
The Director-General, Energy Management Cell of Wapda, Tahir Bashir Cheema, has said that to meet the energy shortfall, the government has planned to increase power generation capacity to 22,297 mw in 2008-09 from 20,097 mw in 2007-08, with net addition of 2,200 mw 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