Financial Risk Manager

Ways of Financial and Risk Management

Economic and Business Review from 28-09-09 to 03-10-09
Tuesday, October 6, 2009

THE State Bank of Pakistan injects over Rs60.2 billion into the banking system to ease off the liquidity crunch in the market.
THE State Bank of Pakistan decides to keep the key interest rate unchanged at 13 per cent.
THE US Congress approves tripling non-military aid to Pakistan to help fight extremism in the country. The bill, already approved by the US Senate, now goes to President Barack Obama for final approval.
THE Supreme Court directs the authorities concerned to ensure the sale of sugar at Rs40 per kg until a commission set up by it, presents its report on the issue.
THE Pakistan Steel Mills Corporation suspends production due to shortage of raw material and other technical reasons, disclose sources.
ITALIAN Prime Minister Silvo Berlusconi announces to lead a team of prominent businessmen and entrepreneurs to Pakistan this year to explore possibilities of investment in key areas of economy there.
MYBANK announces sale of 59.34 per cent shares to a Mauritius-based investment firm. The same firm has recently also acquired Arif Habib Bank Ltd.
THE rate of return on National Savings Scheme shall remain unchanged, announces the federal government.
FISH exports to Malaysia during the first six months of the current fiscal year 200910, gained a tremendous boost, a data on trade between Pakistan and Malaysia reveals.
THE government increases power tariff by six per cent effective October 1, after Prime Minister Yousuf Raza Gilani clears a summary of the Ministry of Water and Power. Power tariff is likely to be raised by around 40 per cent in the current financial year if the government keeps its commitment made to the IMF.
THE government reduces prices of various petroleum products up to Rs4.80 per litre in line with the reduction in global oil prices effective October 1.
PAKISTAN in an open auction grants licences to successful bidders for exploration of oil and gas in 41 blocks, the largest-ever offloading of exploration blocks in the country’s history.
THE Karachi Stock Exchange carries out re-composition exercise of KSE-100 index as a result nine companies are taken off the 100companies list and other nine take their place in the list.
THE Economic Coordination Committee of the Cabinet approves import of 0.6 million tons of urea through the Trading Corporation of Pakistan, with the insistence of ministry of industries.