Karachi: While textile exports continue with a strong showing – up 26%YoY to US$2.3bn, downside risk to cotton prices pose risk to overall textile export growth. According to AKD Securities, within this backdrop, its sensitivity analysis for textile exports based on regressing 1) international cotton prices, 2) PkR-US$ parity shows …

Karachi: The State Bank of Pakistan (SBP) is scheduled to release the Monetary Policy Statement (MPS) for FY12 on October 08, 2011. According to Arif Habib Limited, they expect the SBP to cut the discount rate by 50bps brining the discount rate at 13%. Underlying reason to Arif Habib Limited’s …

Karachi: OGRA has fixed maximum reasonable consumer price of LPG at PkR 115 per kg after imposition of Petroleum Levy (PL) on locally produced LPG. According to Alfalah Securities, The local LPG producers are restricted to pass on the PL to the end consumers by introducing a price ceiling. The …

Karachi: The government has raised PkR 152 bn through the auction of Treasury Bills (T-bills) as it increased its borrowing from the banking system. According to Alfalah Securities, SBP has stated that PkR 1 bn were invested in 3-month Tbills at cut-off yield 13.0697%, PkR 47 bn in 6-month T-bills …

Karachi: The price of cement has reached to a record level of PkR 415 per bag in the northern areas of the country after witnessing an increase of PkR 30/bag, up by 7.8% in September on MoM basis while, the prices of cement in the south region remained unchanged at …

Islamabad: A six member delegation of Global Mining Company from China led by Mr. Liyang Liu, called on Mr. Saleem H Mandviwala, Minister of State/ Chairman Board of Investment at BOI. MOS/Chairman BOI informed that M/s. Sino-Sindh Resources, a local subsidiary of Global Mining Company is investing in Thar Coal …

Islamabad: Mr. Saleem H Mandviwala, Minister of State / Chairman Board of Investment appointed Mr. Halil Ibrahim Demirham as Honorary Investment Counsellor (HIC) for Turkey to complement the investment and trade promotion efforts for Pakistan. On the appointment of Mr. Halil Ibrahim Demirham, MOS/ Chairman Board of Investment said that …