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April 17 , 2009

Statistics
KSE 100 Index
Previous Index
7,807.08
Current Index
7,670.08
Change %
(1.75)%
YTD (CY09)
30.80%
YTD (FY09)
(37.60)%

International Indicates
 
Close
Percentage
BSE-30
10,947.40
(2.99)%
HANGSENG
15,582.99.
(0.55)%
NIKKEI 255
8,755.26
0.14%
FTSE
4,052.98
2.10%
DJI
8,125.43
1.19%
SSEC
2,534.13
(0.08)%
NASDAQ
1,670.44
2.68%

S.C.R.A
15-04-2009
(0.41)
April 09
(6.12)
YTD
(547.67)

Money Market Updates
Tbill Cut-off
 
1 year
12.97%
6 month
12.76%
KIBOR (3 months)
13.36%
KIBOR (6 months)
13.50%
PIB (10 years)
12.99%

Exchange Rates
Rs/US
80.50
Rs/UK
120.77
Rs/EURO
106.32
Rs/OMAN RIYAL
209.94

commodities
Oil
$49.60/barrel
Oil Change in %
(0.76)%
Gold
$874.30/ounce
Gold Change in %
(0.63)%

Inflation
CPI Gen. Mar 09(YOY)
19.10%
CPI Gen. (Jul-Mar 09)
23.00%
NFNE Core INFL Mar 09 (YOY)
18.50%
NFNE Core INFL (Jul-Mar 09)
17.90%

Economic Indicators
US$ Reserves (Billion)
11.17
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
165.17mn
Trade Deficit (Jul-Mar 09)
$(12.71)bn
Curr. A/C (Jul-Feb 09)
$(7.46)bn
Remittances (Jul-Mar 09)
$5.66bn
Foreign Investment (Jul-Mar 09)
$2.08bn
All Scheduled Banks Deposit Base (Apr 11, 08)
Rs.3,857bn

Daily Returns and NAVs
as of Apr 16, 2009
 
Offer
Redemption
POBOP
49.7716/-
49.2739/-
Daily Return
11.26%
POASF
61.27/-
59.74/-
Daily Return
(73.17)%
POAIF
56.00/-
54.60/-
Daily Return
(86.70)%
POAIIF
54.5942/-
54.0483/-
Daily Return
8.37%
POAF
10.7825/-
Daily Return
14.31%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Japan pledges up to $1 billion aid: stability in Pakistan critically important
Japans prime minister announced Thursday that Tokyo will provide up to $1 billion in aid to Pakistan to support the countrys economic reforms and fight against terrorism. Prime Minister Taro Aso said the pledge will be made on Friday, when Japan hosts a one-day Japan pledges international donors conference. Aso made the announcement after meeting with Pakistani President Asif Ali Zardari more... (BR)

LSM sees decline of six percent in eight months
Large Scale Manufacturing (LSM) growth has decelerated and registered a decline of 6 percent during the first eight months of the current fiscal year, mainly due to the energy shortages, high cost, lower domestic and external demands. The performance of the manufacturing sector was impressive during the last five years, as it posted an average growth of over 10 percent per annum since 2003 more... (BR)

IMF wants Pakistan to focus on tax reforms, lower inflation
Pakistan must focus on reforming its tax system and lowering inflation to restore its economy, but political instability is a key risk to growth, the International Monetary Fund (IMF) said on Thursday ahead of a donors conference. Allies of cash-strapped Pakistan meet in Tokyo on Friday to pledge aid and seek assurances from the nuclear-armed country that it will implement economic reforms and take more urgent action against an increasingly militancy more... (BR)

PML-N decides not to rejoin government
Pakistan Muslim League-Nawaz (PML-N) on Thursday decided not to join government in centre, as invited by the Prime Minister Yousuf Raza Gilani, assuring the government of its support while remaining on opposition benches. The decision was taken in the meeting of Central Working Committee (CWC) of the party, which held here with PML-N chief Mian Nawaz Sharif in the chair more... (BR)

ROZs in tribal areas, Balochistan: Pak-US talks to revive Tifa soon
Pakistan and the United States of America (USA) are to hold negotiations to revive the apparently "dead" Trade and Investment Framework Agreement (Tifa) in the last week of current month, top of the agenda will be Reconstruction Opportunity Zones (ROZs) in the battered Tribal Areas, Azad Jammu and Kashmir (AJK) and some parts of Balochistan, bordering Afghanistan more... (BR)

Zardari urges a ‘Marshall Plan' for Pakistan
‘Pakistan alone cannot bear the huge social and economic burden of terror war, clearly we need massive assistance.’ more... (D)

sector Briefing

IFC to make $50 million equity investment in Packages Limited
International Finance Corporation (IFC) has decided to make a 50 million-dollar equity investment in Packages Limited, Pakistans largest paper and board producer, to support a socially responsible company that directly provides jobs to nearly 3,500 people and indirectly employs about 27,000 more... (BR)

Forgery on losses: ECC accuses oil refineries of misusing deemed duty
The Economic Co-ordination Committee (ECC) of the Cabinet has accused oil refineries of involvement in forgery on losses and misusing deemed duty being collected from the consumers, official sources told Business Recorder on Thursday more... (BR)

Government pocketed Rs 58.533 billion PDL during July-February 2009
The government has pocketed Rs 58.533 billion petroleum development levy (PDL) from consumers during the first eight months (July-February) of the current fiscal year. Sources told Business Recorder that it is the actual collection of PDL in addition to Rs 12 billion PDL during the period under review, which the government is still to recover from Pak Arab Refinery (Parco) more... (BR)

 
(D): Dawn, (BR): Business Recorder, (FD): The Financial Daily, (DT) Daily Times
Research Team:
Shoaib Ali Khan
Department Head

Shayan Hasan
Sernior Analyst
Imran Altaf
Analyst
Faiz Malik
Database Manager
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