Karachi, August 23, 2012 (PPI-OT): The recently released Federal Open Market Committee (FOMC) Aug’12 meeting minutes indicate that most Committee members are in favour of additional monetary accommodation should the need arise. According to AKD Securities, in this regard, recent data does appear to support the case for additional stimulus …
Read More »Daily Archives: August 23, 2012
Morning Call about External Account Outlook – Arif Habib Limited
Karachi, August 23, 2012 (PPI-OT): The legacy of ‘ups and downs’ continues Trade Deficit swells up to USD 1.6 billion in first month of FY13 The 1MFY13 trade deficit of Pakistan clocked in at USD 1.6 billion recording a rise of 4% against USD1.5 billion in the same period last …
Read More »Treasury-Bill yields declines in Auction – Alfalah Securities Limited
Karachi, August 23, 2012 (PPI-OT): State Bank of Pakistan has accepted bids worth of PKR 137.43 billion out of the total received bids of PKR 155.63 billion in yesterday’s Treasury bill auction where the cut-off rates have witnessed a considerable decline. According to Alfalah Securities Limited, the cut-off yield on …
Read More »Oil import bill rises by 13.81pc YoY in July – Alfalah Securities Limited
Karachi, August 23, 2012 (PPI-OT): Pakistan’s oil import bill increased by 13.81 % to USD1.35 billion in July 2012 against USD 1.18 billion in the same month last year, as per data released by the Pakistan Bureau of Statistics (PBS). According to Alfalah Securities Limited, severe energy crisis including gas …
Read More »POL and CNG prices jacked up – Alfalah Securities Limited
Karachi, August 23, 2012 (PPI-OT): The prices of petroleum products have been increased with effect from August 23, 2012 by the government. According to Alfalah Securities Limited, oil and Gas Regulatory Authority (OGRA) has notified that the price of petrol has been increased by PKR 3.21 per litre, High Octane …
Read More »Rate of depletion at Sui reduced – Alfalah Securities Limited
Karachi, August 23, 2012 (PPI-OT): With the efforts of Petroleum Limited (PPL), the operator of the Sui Gas Field (SGF), the continuous depleting trend natural gas reserves in Sui have been reduced to 3% per annum which were depleting at an average rate of 5% p.a. and these gas reserves …
Read More »Prime Minister stresses on timely promotion of Officers
Islamabad, August 23, 2012 (PPI-OT): Prime Minister Raja Pervez Ashraf directed the Establishment Secretary to ensure that appointments, transfers and postings of government servants were made on merit and on the principal “right man for right job”. This direction was given by the Prime Minister when the Establishment Secretary, Mr. …
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