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Asian markets lifted by China data, Wall St rally

Source: Dawn News | 24-01-2013

Asian markets mostly rose on Thursday, with support coming from another positive lead from Wall Street and news that Chinese manufacturing activity had hit a two-year high in January.

However, regional tech firms were weighed by disappointing earnings from Apple, and Tokyo and Seoul were dented by more downbeat economic data.Tokyo rose 0.36 per cent by the break, Hong Kong added 0.15 per cent, Shanghai surged 1.01 per cent and Sydney climbed 0.40 per cent, while Seoul was flat.

In China HSBC said its preliminary purchasing managers index (PMI) rose to 51.9 in January from 51.5 in December, a 24-month high.Anything above 50 indicates growth while anything below .

ADB warns of East Asia risk

Source: Dunya News | 19-03-2013

Emerging East Asia’s local currency bond markets continued to expand in 2012, signaling ongoing investor interest in the region’s fast-growing economies but also raising the risk of asset price bubbles, said the Asian Development Bank’s (ADB) latest Asia Bond Monitor. “Emerging East Asia is much more resilient than it used t..... Read more

Mauritius offers huge opportunities to Pak traders

Source: The Nation | 24-01-2013

Future relations between Pakistan and Mauritius should be based on market access and trade especially in context of Mauritius acting as a gateway to African markets for Pakistani products. This was stated by High Commissioner of Mauritius Muhammad Rashad Daureeawo during a meeting with Zafar Bakhtawari, President Islamabad Chamber of Commerce & Indust..... Read more

Poor tax collection: FBR, finance ministry shift blame on to each other

Source: Tribune | 28-03-2013

As criticism mounts over inability of the Federal Board of Revenue (FBR) to meet targets, tax authorities have defended their performance and instead held the finance ministry responsible for making inaccurate assumptions at the time of presentation of budget. FBR Chairman Ali Arshad Hakeem faced embarrassment on Tuesday when the finance ministry told Pri..... Read more

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