Foreign exchange seeping out of Pak markets

Following the drop of MSCI world index by 13% since May, all markets are facing recession. According to reports, in the last 13 sessions $300 million have been withdrawn from the markets. However, signs of improvement are present in the financial output of different companies and there are also reports that 27% raise is expected in the profits of listed companies.

Pak Foreign exchange reserves stand at $17.47b

According to the State Bank of Pakistan, the reserves showed a decreased of $52.5 million as compared to the last week. Reserves held by the SBP fell to $14.02 billion from $14.11 billion a week ago, while those held by commercial banks rose to $3.45 billion from $3.41 billion.

Pakistan foreign reserves have surged by $4.51 during the fiscal year 2011.

Libya coalition launches 22 Tomahawk strikes: US

WASHINGTON: A coalition of countries conducting air strikes against Libyan leader Muammar Gaddafi’s forces launched 22 Tomahawk missiles in the last 24 hours, the Pentagon said on Tuesday.

Pak foreign investment decreases

Pak foreign investment decreases during the last week.
During the week ended on 9th of January, Pakistan foreign investment decreased by 16.9 million dollar in spite of bullish KSE. US investors made 1.4 millions dollar investment while British investors pulled 47 millions dollars from the market.

Inflation up by 22pc: SPI

Weekly inflation up by 22 percent during the week ended on Dec 23.

According to Sensitive Price Index (SPI), the inflation showed an increase of 0.48pc as copared to the last week ended on Dec 15. The prices of tomatoes surged by 14 percent and reached 80 per kilogram which was four times high as compare with corresponding period of the last year. The prices of onion also showed an increase of 150 percent as compared with the last year. Egg prices closed at 88.44 per dozen.
A nominal decrease was observed in the prices of sugar and potato, while meat and beef prices remained unchanged.

Primary school blown up in Mohmand

Staff Report

MOHMAND AGENCY: Unknown miscreants on Monday blew up a government primary school in Safi tehsil of Mohmand Agency.

According to reports, militants planted explosive material in the premises of the school and blew it up with a time device.

The number of schools destroyed by extremists over the last two years rose to 68, out of which 24 were girls and 44 were boys schools. Trend Pk

North Waziristan: 5 killed in drone attack

As many as 5 people have been killed in a drone attack in North Waziristan, Dunya News reported on Thursday.
The unmanned aircraft targeted a house in the area of Ismael Khel, a border area of North Waziristan, and fired two missiles. It was the third drone strike in the last 24 hours.

KSE: trade value declines by 6.5pc

At the last business weekend, a decrease of 6.5 percent was witnessed in the trade value in the Karachi Stock Exchange (KSE), Dunya News reported on Sunday.
According to a report by Invest Cap, the future trading value remained 920 million rupees after a decrease of 60.60 million rupees at the last weekend in the KSE which is 6.7 percent less than the last weeks trading.
Rate of spread on trading increased by 1.29 percent during the week whereas trading volume augmented by 19 percent to reach 550.20 million shares. 72 percent of the total investment in future agreements was done in PSO, MCB, ENGRO NML and OGDCL.

15 more dengue patients confirmed in Sindh

taff Report

KARACHI: 15 more dengue patients have been confirmed in Sindh, SAMAA reported Wednesday.

According to details, 1,366 patients have been confirmed in the province in the last two months as 2,556 patients were brought to different hospitals in Karachi, Hyderabad and Sukkur.

Sources said that more than 190 patients are under treatment in different hospitals of the province. SAMAA

Weekly inflation plunges by 0.8pc

Inflation rate in the country plummeted by 0.8 percent to 8.68 percent.
According to the Federal Bureau of Statistics, the last week witnessed a jump-up in the prices of 23 essential commodities while 8 commodities experienced a decrease in prices.
According to the report, the price of eggs, flour, rice, meat, ghee and grains went up while price of potatoes, onions, tomatoes, chicken and sugar plunged.

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