Brokerage

Karachi, December 12, 2013 (PPI-OT): 1) EU Parliament to vote on GSP+ today 2) Auto numbers in Nov’13 1) EU Parliament’s decisive vote today on GSP+ Status The European Union (EU) Parliament held session with a debate on granting of the GSP+ Status to 10 countries for a period of 10 years. According to Arif ...

Karachi, December 11, 2013 (PPI-OT): Exchange rate stability: Dar banking on banks According to MR Sectaries, Finance Minister Ishaq Dar has reportedly sought short-term support from commercial banks in terms of import bill financing to achieve exchange rate stability as improvement in foreign exchange reserves is expected from next month with materialisation of finflows in ...

Karachi, December 11, 2013 (PPI-OT): Honda Atlas Cars to double production capacity Express Tribune reported that management of HCAR has unveiled the plan to double production capacity in coming years. According to Standard Capital, HCAR, is a joint venture of Honda Motor Company Limited Japan and Atlas Group of Companies, currently has a total production ...

Karachi, December 11, 2013 (PPI-OT): USDA released its monthly report on cotton yesterday. According to AKD Securities, in this regard, the report largely confirmed market expectations of a reduction in production estimates over the last month where USDA cut its global production forecast for MY13/14 (MY: Marketing Year starting Aug’1) by 0.38mn bales from last ...

Karachi, December 11, 2013 (PPI-OT): Daily News Summary Federal Minister for Finance, Ishaq Dar has expressed the hope that the situation of foreign inflows will further improve and those who speculate on Pakistani currency would only end as loosers. According to RSL Securities Limited has a clear roadmap to build foreign exchange reserves up to ...

Karachi, December 11, 2013 (PPI-OT): Non-performing loans steadily improve Non-performing loans steadily improve The State Bank of Pakistan’s (SBP) third quarter banking sector non-performing loans data paints a picture of stable and steadily improving industry core fundamentals. According to Arif Habib Limited, the stock of NPLs in banks’ and DFI’s portfolios, declined by PKR 11bn ...

Karachi, December 10, 2013 (PPI-OT): EFF benchmark: government needs to cut borrowing stock from SBP According to MR Securities Limited, The government would be required to reduce its borrowing stock from the State Bank of Pakistan (SBP) to Rs2, 560 billion, as a benchmark under the International Monetary Fund (IMF) Extended Fund Facility (EFF) by ...