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Karachi:The rising prices of raw materials such as coal, diesel, electricity etc have grabbed the cement companies by the throat, who are trying to develop new means of production to cut as much as cost of production as they can. According to Standard Capital Securities, however in this time of …

Karachi: Change in CPI basket and calculation methodology yields a lower than expected CPI: FBS released Aug‐11 inflation numbers with a two week delay, stating CPI inflation at 11.56%, much below market expectation of 13.2%. According to Elixir Securities, Aug‐11 inflation numbers used FY08 as base year, with revised weights …

Karachi: While textile exports continue with a strong showing – up 26%YoY to US$2.3bn, downside risk to cotton prices pose risk to overall textile export growth. According to AKD Securities, within this backdrop, its sensitivity analysis for textile exports based on regressing 1) international cotton prices, 2) PkR-US$ parity shows …

Karachi: The State Bank of Pakistan (SBP) is scheduled to release the Monetary Policy Statement (MPS) for FY12 on October 08, 2011. According to Arif Habib Limited, they expect the SBP to cut the discount rate by 50bps brining the discount rate at 13%. Underlying reason to Arif Habib Limited’s …

Karachi: OGRA has fixed maximum reasonable consumer price of LPG at PkR 115 per kg after imposition of Petroleum Levy (PL) on locally produced LPG. According to Alfalah Securities, The local LPG producers are restricted to pass on the PL to the end consumers by introducing a price ceiling. The …

Karachi: The government has raised PkR 152 bn through the auction of Treasury Bills (T-bills) as it increased its borrowing from the banking system. According to Alfalah Securities, SBP has stated that PkR 1 bn were invested in 3-month Tbills at cut-off yield 13.0697%, PkR 47 bn in 6-month T-bills …

Karachi: The price of cement has reached to a record level of PkR 415 per bag in the northern areas of the country after witnessing an increase of PkR 30/bag, up by 7.8% in September on MoM basis while, the prices of cement in the south region remained unchanged at …