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Karachi, December 23, 2013 (PPI-OT): LDI minutes for Dec’13 and Warid Deal scenarios LDI minutes projected at 477mn, 3% MoM decline As per latest 19 days numbers, Long Distance International (LDI) minutes are extrapolated to clock in at 477mn, to register a marginal 3% MoM decline. According to Arif Habib Limited, LDI minutes seem to ...

Karachi, December 23, 2013 (PPI-OT): Cement sector – DGKC Global commodity prices are decreasing and with that coal price is also coming down which sounds good to Pakistani cement manufacturers. According to Standard Capital has earlier forecasted that total dispatches of the sector could go as high as 35mn tons given increase in local dispatches. ...

Karachi, December 20, 2013 (PPI-OT): Reforms on track: IMF clears release of second $550m tranche According to MR Securities, The International Monetary Fund (IMF) approved the release of the second tranche of the $6.7 billion loan package to Pakistan and said the country was broadly on track with reforms tied to the programme.The lender, however, ...

Karachi, December 20, 2013 (PPI-OT): The Executive Board of the IMF has completed its quarterly review of the EFF program and has approved immediate disbursement of about US$550mn. According to AKD Securities, in doing so, the performance criterion on net international reserves was also waived. While expressing overall satisfaction over Pakistan’s performance in the program ...

Karachi, December 20, 2013 (PPI-OT): Better inflows = rise in PKR to result in lower CPI, stable policy rate! After having been on a steep decline to historically low level of below USD3.0bn, Pakistan’s central bank’s (SBP’s) FX reserves have now started improving, thereby providing much-needed support to the domestic currency, Pak Rupee (PKR), against ...

Karachi, December 19, 2013 (PPI-OT): Textile sector PE exposition The textile sector is back bone of Pakistan economy which adds major portion in exports and the foreign reserves. According to Standard Capital, recently EU approved the GSP+ status for Pakistan enable us to access 27 countries of European markets for exports. Standard Capital expects entire ...

Karachi, December 19, 2013 (PPI-OT): After registering at 10.9%YoY in Nov’13, AKD Securities expects headline CPI to remain in double digits in Dec’13 but moderate slightly to 10.25%YoY. According to AKD Securities, this translates into a deflationary trend of – 0.35%MoM, in contrast 13.5% to the average 1.3%MoM CPI increase in 5MFY14. The fall in ...