MAJOR NEWS TODAY: 6/5/2014

1. Dar terms the twin deficits as major ills of the economy

2. Govt. decides to provide legal assistance to Altaf

3. MQM asks people to resume normal life

4. Budget to boost investment development, says PM

5. Subsidy to TCP for urea import reduced by Rs5bn in the next fiscal year

6. 120 MMCFD of additional gas to be added to the system

7. Mortgage refinances company to be established in FY15

8. JJVL loses review petition, right to extract LPG

9. Businessmen suffer losses of Rs4.5bn due to closure of Karachi

10. Government scales down PSE subsidies by 37%

11. Total cement sales increase by 6.2%YoY in May 2014, while in 11MFY14 sales are up 1.6%YoY

 

PREVIOUS DAY FOREIGN FLOWS

Gross Buy USD23.1mn
Gross Sell USD15.6mn
Gross Buy & Sell USD38.7mn
Net Buy USD7.5mn

 

MAJOR CORPORATE ANNOUNCEMENTS TODAY:

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