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Morning Call about Balance of payment

Karachi: : The country’s current account deficit for Jul’11 narrowed considerably by 88% to USD 75mn compared to USD 631mn same period last year. According to Arif Habib Limited, this help pushed the overall country’s balance of payment to register a surplus of USD 78mn against a deficit of USD …

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Morning Briefing for August 18, 2011

Karachi: Record GST collected in July despite rate cut Despite reduction in the rate from 17% to 16%, the net sales tax have shown record collection of Rs 55.513bn during July 2011 against Rs 40.800bn in the corresponding period of last fiscal year, indicating an increase of 67%. According to …

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Morning Buzz for August 18, 2011

Karachi: Current account deficit narrows to $75m in July According to MR Securities, Pakistan’s current account deficit narrowed to $75 million in the first month of the current fiscal year compared to $631 million in July last year, central bank data showed on Wednesday. PIBs auction: bids worth Rs 41.2 …

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AKD Quotidian about — AGTL: 1HCY11 Result Preview

Karachi: The Board of Directors of Al-Ghazi Tractors (AGTL) is scheduled to consider the company’s 1HCY11 financial results today. According to AKD Securities expects AGTL to report NPAT of PkR1 ,14Omn (EPS: PkR26.54) in 1HCY11 against NPAT of PkR998mn (EPS: PkR23.24) in 1HCY10, translating into a growth of 14%Y0Y. Growth …

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Pakistan’s stock weightage at 3.98% in MSCI

Karachi: The MSCI indices provider has maintained a status quo on the weights of Pakistan’s stocks at 3.98% in the Frontier markets. According to Alfalah Securities Limited, Pakistan’s stocks weightage has witnessed a slight decline from its preview in May at 4.09%, primarily on the current ruling prices.

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