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Morning Briefing

Karachi: Why Asian market witness downward rally? Asian markets witnessed a decline in stocks as data signalled slowdown in the global economic growth and fear of Greece default further exaggerating the concerns. The spreading impact of Europe’s credit woes encouraged investors to pull funds out of risk assets. This downward …

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National Saving Scheme reduces rates

Karachi: National Saving Scheme (NSS) has decided to reduce the rate of return on its investment schemes on account of a reduction in discount rate by the State Bank from 14% to 13.5% followed by a revision in the rates of Pakistan Investment Bonds (PIBs) and Market Treasury Bills (T-bills). …

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Petrol prices up by PkR 4.15 per litre

Karachi: The government has fixed the new prices of petrol at PkR 88.95/per litre (up by PkR 4.15/litre), diesel at PkR 94/litre (up by PkR 1.51/litre) and HOBC at PkR 112.65/litre (up by PkR 2.72/litre) while, the prices of Kerosine Oil and Light Diesel Oil (LDO) has been kept unchanged. …

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Govt. borrowing to reach PkR 1.07 trn in 2QFY12

Karachi: The government intends to borrow PkR 1.07 trn through the auction of Pakistan Investment Bonds (PIBs) and Market Treasury Bills (Tbills) during 2QFY12 owing to increased current expenditure and lack of adequate revenue generation which has led the government to borrow massively from the domestic banking system. According to …

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Morning Buzz for September 30, 2011 – MR Securities

Karachi: LHC restrains OGRA, ministry from pursuing LPG Policy According to MR Securities, the Lahore High Court (LHC) on Thursday restrained the Oil and Gas Regulatory Authority (OGRA) and the Ministry of Petroleum and Natural Resources from taking any coercive action against LPG marketing companies pursuant to the controversial LPG …

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