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
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