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Pakistan stocks end flat on monetary policy tightening fears

Source: Geo News | 13-09-2013

KARACHI: Speculations that State Bank of Pakistan (SBP) will tighten the monetary policy in its upcoming meeting, the Karachi Stock Exchange (KSE) ended flat here on Thursday.

The benchmark KSE 100-Index shed 0.04 percent or 9.47 points to close at 23,222.21 mark.

Selling pressure was witnessed in cement stocks, textile companies, Pakistan State Oil and Engro Corporation ahead of the State Bank of Pakistan (SBP) monetary policy announcement.

Pakistan State Oil Co Ltd (PSO) went down 0.73 percent to close at Rs306.50, while D G Khan Cement Ltd lost 4.99 percent to end at Rs76.02.

IMF doubts FBRâ€™s ability to achieve Rs 2,232b target

Source: Dawn News | 17-01-2013

The International Monetary Fund (IMF) has reportedly noted that Federal Board of Revenue (FBR) could not achieve the proposed revised revenue collection target during the ongoing financial year (2012-2013), said an official. Sources informed that IMF, in recently concluded technical talks under Post Programme Monitoring, noted that FBR is struggling..... Read more

Oil down as Obama seeks Congress approval on Syria

Source: Geo News | 02-09-2013

SINGAPORE: Oil prices fell in Asian trade Monday after US President Barack Obama's announcement that he would seek approval from lawmakers for military action against Syria eased prospects of an imminent strike, analysts said. New York's main contract, West Texas Intermediate for delivery in October, was down $1.47 to $106.18 a barrel in mid-mornin..... Read more

Power shortfall persists at 1100MW

Source: Geo News | 18-11-2013

The power shortfall in the country persists at 1100MW, said National Transmission and Dispatch Company (NTDC), Geo News reported. According to spokesman of the NTDC, the electricity generation in the country was 9900 MW, while its demand was 11000MW. The spokesman said 3380MW was being generated through hydel, 1570MW through thermal while Independent P..... Read more

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