Financial Risk Manager

Ways of Financial and Risk Management

Money Market Updates

State Bank of Pakistan conducted OMO (open market operation) mopup today for six days., market participated with 36 billions where as 26 billions were taken at a cutof 12.30%

General Updates

The Federal Board of Revenue (FBR) can easily manage its revenue shortfall for annual budgetary target by collecting income tax from the beneficiaries of loan write-offs. Although the Board has powers to charge income tax from the beneficiaries.

Steadier trend was seen on the currency market on Thursday as the rupee managed to gain versus the US currency despite the higher demand for dollars, dealers said. The rupee almost retained its overnight level against the dollar as it did not show any variation for buying at 85.50, it, however, inched up with a gain of one paisa for selling at 85.54, they said.

The State Bank of Pakistan (SBP) has advised the general public to exchange the old-design and bigger-size banknote of Rs 500/- from the field offices of SBP Banking Services Corporation and the branches of all commercial banks throughout the country up to 30th September 2011. It may be recalled that the federal government has earlier notified that the old design banknote of Rs 500 (introduced in April 1986) will cease to be the legal tender and not exchangeable with effect from 1st October 2011.

Pakistan has successfully achieved sugarcane production target as 55 million tonnes of sugarcane production has been recorded across the country, officials at Ministry of Food and Agriculture (MinFA) told Business Recorder. Officials revealed that those areas, which were not affected by the floods yet benefited from increased rainfall last year recorded 55 million tonnes of sugarcane output.

posted @ 7:07 PM,

At May 16, 2011 at 2:24 PM, stock market said...: I really appreciated your post, this would really provide the great information .Thanks for sharing.
stock market