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Aug 17 , 2010
 
Statistics
KSE-100 Index
Previous Index 9,823.37
Current Index 9,537.13
Change % (2.91)%
YTD (CY10) 1.60%
YTD (FY11) (1.90)%

International Indicators
  Close %age
BSE-30 18,050.78 (0.60)
HANGSENG 21,112.12 0.19
NIKKEI 255 9,196.67 (0.60)
FTSE 5,276.10 0.20
DJIA 10,302.01 (0.01)
SSEC 2667.97 1.03
NASDAQ 2,181.87 (0.77)

SCRA
August 13 , 2010 0.84
August, 2010 28.52
YTD (FY10) 65.70

Money Market Updates
6m T-bill 11-Aug-10 12.65%
12m T-bil 11-Aug-10 12.78%
3m KIBOR 12.69%
6m KIBOR 12.81%
10 yrs PIB 13.54%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 109.66
PKR/GBP 133.69
PKR/USD 85.80
PKR/OMR 220.3

Commodities
Oil $75.25/barrel
Change in % (0.61)
Gold $1,224.90/ounce
Change in % 0.31

Inflation
CPI Gen. - YoY (Jul-10) 12.34%
CPI Gen. - FY11 (Jul 10) 13.34%
NFNE Core INFL - YoY (Jul-10) 10.3%
NFNE Core INFL - FY11 (Jul-10) 10.3%

Economic Indicators
GDP Growth FY10E 4.10 %
Per Capita Income $ 1,051
Population 170.18mn
US$ Reserves (Aug 6, 2010) $16.46bn
Trade Balance (Jul-Jun 10) $(1.45)bn
Curr. A/C (Jul-Jun-10) $(3.51)bn
Remittances (Jul 10) $791.18bn
Foreign Investment (Jul -Jun-10) $2.14bn
All Sch. Banks Deposit Base (July 23, 2010) Rs4,646bn

NAVs and Returns
as of August 16, 2010
Funds Offer Redemption
POAIIF 51.1259/-   50.6146/-
Daily Return 7.82%
POAIF 52.70/- 51.38/-
Daily Return (168.14)%
POASF 51.64/- 50.35/-
Daily Return (162.13)%
POAF 11.24 /-
Daily Return (4.55)%
*Daily Returns are calculated as per MUFAP guidelines

Funds Rating
AMC Ratings AM3
POAIIF-Fund Rating A+ (f)
POAF Fund Rating AA-
Economy

Pakistan's 'image deficit' hurting aid flow: UN
Relief agencies are having trouble obtaining funds to help millions of Pakistan flood victims as the country suffers from an "image deficit", a UN spokeswoman said Monday. "We note often an image deficit with regards to Pakistan among Western public opinion," said Elizabeth Byrs, spokeswoman of the UN Office for the Co-ordination of Humanitarian Affairs. more... (BR)

Reformed GST implementation: government may seek extension from IMF
The government might seek further delay from International Monetary Fund (IMF) on implementation of 'Reformed General Sales Tax' (GST) as the federation and provinces remain deadlocked over its implementation . more... (BR)


July net foreign inflows fall 18.5pc

Net foreign investment in Pakistan fell 18.5 per cent to $144.8 million in the first month of the fiscal year 2010-11, compared with $177.5 million in the same period last year, the central bank said on Monday. more... (TFD)

 

 

 

 

Politics


RTOs, LTUs to share WHT on jurisdictional basis
A tug of war between Regional Tax Offices (RTOs) and Large Taxpayers Units (LTUs) over withholding tax (WHT) collection has finally come to an end as WHT collection would now be shared on jurisdictional basis, Business Recorder learnt on Monday. Sources said the decision was made at a meeting led by Asrar Rauf, member, tax policy, at Islamabad on August 5, 2010. more... (BR)

CM Punjab bans Iftar, Eid parties
Chief Minister Punjab Mian Shahbaz Sharif said that Punjab government has banned Iftar and Eid ceremonies owing to prevailing flood devastations in the province.
Addressing a press conference after a meeting of Punjab cabinet here Monday, he informed the media that approximately 8.5 million people have been affected in prevailing flash floods in the province. He also assured that Punjab Government would fully cooperate with the federal government for establishing Fund raising commission to assist the flood affectees. more... (TFD)


Zardari to attend four-nation meet in Russia

A four-party summit of the presidents of Russia, Afghanistan, Pakistan and Tajikistan will be held in Sochi on Wednesday, the Kremlin press service reported on Monday.
On the sidelines of the summit Russian President Dmitry Medvedev is expected to hold bilateral talks with his Afghan counterpart Hamid Karzai and Pakistani President Asif Ali Zardari, who in view of the floods in the country has cut short his visit to few hours only. President Spokesperson Farhatullah Babar had said that original schedule for the Presidents' two-day visit to Russia for participation in the quadrilateral summit of heads of states of Afghanistan, Pakistan, Tajikistan and Russia on regional security at Sochi in Russia was finalized several weeks ago. more... (TFD)

 

 

 

 

 

Sector Briefing

OGDC wellhead gas priced up 1.3pc
For first half of FY11. The revised wellhead prices for the 1st half FY11 of Oil and Gas Development Company fields have recently issued by Oil and Gas Regulatory Authority (OGRA). more... (TFD)

Losses worth Rs8b to K-P livestock sector
Official sources have established estimates for Khyber-Pakhtunkhwa (K-P), claiming that the livestock sector of the province suffered losses worth Rs8 billion because of the rains and floods. more... (T)


Non-compliance of procurement law: TI Pakistan serves notice on PSO to withdraw from MoU

Transparency International Pakistan has served a 30-day notice on Pakistan State Oil (PSO) to withdraw from the MoU signed on April 14, 2010 for implementation of the 'Integrity Pact' under clause No 11, as PSO was not complying with the requirements of Public Procurement Regulatory Authority (PPRA) Ordinance 2002, and Public Procurement Rules 2004. more... (BR)

 

KSE Notices
 
 

Soneri Bank Limited - Financial result for the second quarter ended June 30, 2010

Board of directors have approved the financial result for thesecond quarter ended June 30, 2010. LAT PKR186.35mn LPS PKR0.32 more... (KSE)

National Bank of Pakistan Board Meeting
Meeting of Board of Directors of National Bank of Pakistan will be held onAug 24, 2010 more... (KSE)

 

 

(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange
Separator
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.