Business Sector:
Forex reserves down by $133.9m
Monetary policy further tightened
Engro unveils Rs. 3.4 bn expansion plan
BOCP to invest Rs. 214 million in Pakistan
Six steel products' prices raised again: Third increase in one month
Pakistan has finalized its 1st deal of sugar export in last 5 years
Pakistan could export 300,000 tonnes of Sugar in next nine months
SNGPL listen in top-100 businesses
Privatization Commission has decided to start GDR process of KAPCO
Cement per bag price mounts to Rs.240, up by Rs.20
Stocks:
KSE witnessed negative trend in the first half
KSE to introduce Stock Index Futures soon.
SCRA stand at $(60.20) mln FY08TD-SBP.
Politics:
UN probe demanded into Benazir murder case in Senate.
Lawyers observe Chaudhry Iftikhar Day
World:
US, Russia to hold formal economic talks
US Central Bank cut its Fund rate by another 50 basis pts to stand at 3%
IMF lowers global growth outlook to 4.1% from 4.4% for the year 2008-IMFBanks:
Discount rate increase by 50 basis points to stand at 10.50% for 2HFY08-SBP Governor
SBP has developed a relief package for firms affected from Dec. 27 onwards violence
SBP establishes Consumer Protection Department.
Announcements at KSE:
FFC announced 15% profit, recommends 35pc dividend
Energy Sector:
Oil & Gas Marketing companies are planning to open 300-400 LPG auto stations in next 3 years - Industry Sources
PARCO to set up less-sulphur-content diesel plant, agreement signed with consortium
Dreamer of M.R.A. Securities (Pvt.) Ltd., Mr. Rafiq Adam was an individual member of Karachi Stock Exchange (Guarantee) Ltd. Since January 1997, however before the company could come into being, Mr. Rafiq Adam expired.
M/s. M.R.A. Securities (Pvt.) Ltd. Finally became a member of Karachi Stock Exchange (Guarantee) Ltd, in the year 2000. In the mid of year 2001 – 2002, the company also bought the membership of Lahore Stock Exchange (Guarantee) Ltd.
The company has four full fledged directors.
- Mr. Muhammad Farhan Rafiq, beside being a director, he is also Chief Executive officer (CEO).
- Mr. Muhammad Owais Rafiq, Director.
- Mr. Muhammad Junaid Rafiq, Director.
- Mr. Haji Muhammad, Director and the Chief Operating Officer.
All the directors bring along with them more then forty years of (cumulative) experience.
They are well- versed with all the aspects of Stock, Bullion and Cotton Markets. They perform their respective jobs professionally and seriously. They are not only directors, but are also the four pillars of the company.
