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  June 06, 2008 

Statistics
KSE 100 Index
Previous. Index
13,089.50
Current Index
13,053.99
Change %
(0.27)%
YTD ( CY' 08)
(7.26)%
YTD ( FY' 08)
(5.19)%

International Indicates
 
Close
Percentage
BSE-30
15,769.72
1.64%
HANGSENG
24,255.29
0.55%
NIKKEI 255
14,341.12
(0.70)%
FTSE
5,995.30
0.40%
DJI
12,604.45
1.73%
TSX
14,728.61
(0.57)%
KLSE
1,223.56
(2.35)%

S.C.R.A
03-06-2008
(0.33)
June
(14.04)
YTD
(99.48)

Money Market Updates
Tbill Cut-off
 
1 year
11.39%
6 month
11.19%
KIBOR ( 6 months)
13.06%
PIB (10 years)
12.64%

Exchange Rates
Rs/US
67.55
RS/UK
131.92
RS/EURO
104.43
RS/OMAN RIYAL
175.95

commodities
Oil
$128.35/barrel
Oil Change in %
0.44%
Gold
$881.70/ounce
Gold Change in %
0.71%

Inflation
CPI (YOY)
17.2%
CPI (July-Apr)
10.3%
CORE INFTN (YOY)
10.8%
CORE INFTN (July-Apr)
7.5%

Economic Indicators
$US Reserves (Billion)
11.17
GDP Growth FY 08E
5.7%
Per Capita Income
$925
Population
163.47mn
Trade Deficit
$(16.80)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

Budget now on June 11
The government has postponed the announcement of the budget for the 2008/09 fiscal year by one day to June 11, a government official said on Thursday. The budget was originally due to be announced on June 7 but was postponed to June 10 because Prime Minister Yousaf Raza Gilani was due to be on a foreign visit on the original date more... (BR)

GST rate may be enhanced to 17.5 percent across the board
The government may increase standard rate of general sales tax (GST) from 15 percent to 16 percent or 17.5 percent across the board in the Budget 2008-09) to generate additional revenue for meeting the collection target of over Rs 1,200 billion set for the next fiscal year more... (BR)

Repatriation of profit by foreign investors up 12.2 percent
Repatriation of profit and dividend by the foreign investors has rapidly increased and during the current fiscal year they transferred some 735 million dollars abroad. Sources said that the government has allowed 100 percent transfer of profit or dividend to foreign investors aimed at boosting foreign investment in the country more... (BR)


Sharifs summoned on 18th in by-poll case
A full bench of Lahore High Court on Thursday asked petitioners to come up with arguments on the maintainability of petitions against a decision of the Election Commission more... (D)

Govt seeks opposition’s help in framing new anti-terror policy
Foreign Minister Makhdoom Shah Mahmood Qureshi on Thursday told the National Assembly that the government had adopted a new strategy to counter terrorism after realising that the policies of the previous regime were not working more... (D)

Qureshi visiting Kabul today
Foreign Minister Shah Mehmood Qureshi will visit Kabul on Friday for talks on issues including cross-border missile strikes by US-led forces in Afghanistan, his ministry said. Qureshi's trip is his first visit to neighbouring Afghanistan since a new government came to power in March, and comes amid tensions with Kabul over Islamabad's peace talks with militants based on the border more... (D)

 
sector Briefing

LPG cheaper than diesel, kerosene, furnace oil: report
The liquefied petroleum gas (LPG) remains cheaper than diesel, kerosene and furnace oil, according to the LPG Association of Pakistan (LPGAP), a group, comprising licensed LPG marketing companies more... (BR)

Apparel sector wants status quo on R&D
The proposal to replace the existing six per cent across-the-board research and development (R&D) cash subsidy, enjoyed by the value-added apparel sector with a progressive duty drawback/rebate system, has created jitters among exporters of woven and knitwear garments more... (D)

Base oil price up byRs8/litre
Oil refineries again escalated prices of base oil by Rs8 per litre on Thursday more... (D)


(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