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Morning Buzz for December 20, 2013 – MR Securities

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, ...

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AKD Quotidian about — Pakistan Economy: FX Reserves bottomed out

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 ...

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Morning Call about Pakistan Strategy – Arif Habib Limited

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 ...

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Morning Briefing for December 19, 2013 – Standard Capital

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 ...

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