Just in:  

You are here: Home»BR Research»All

BR Research: All


There is something interestingly mysterious about last month’s import numbers released by Pakistan Bureau of Statistics. While total imports under transport group decreased substantially both on year-on-year and month-on-month basis, CBU vehicle imports grew by 161 percent month on month to $62.3 million, its highest ever monthly number in recent memory.
The recently released import data by Pakistan Bureau of Statistics (PBS) show that total imports for the first four months of FY14 were down by 1.3 percent year on year (See clarification note below).
Engro Fertilizer’s book building process was always expected to be oversubscribed quite heavily. And this is exactly what happened as investors flocked in to oversubscribe the shares on offer by nearly four times the intended issue of 56.25 million shares. Engro has been the investors’ darling for all the right reasons given its stature in Pakistan’s corporate world, so the oversubscription is understandable.
It seems that the world’s largest oil producing cartel has finally realised the threat it faces from the US shale bonanza. In its latest World Oil Outlook, Organization of the Petroleum Exporting Countries (OPEC) has apparently acknowledged that the fracturing technology could sharply chisel the demand for the group’s own oil.
Nobel Prize winner Milton Friedman once said: “We economists don’t know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can’t sell tomatoes for more than two cents per pound. Instantly you’ll have a tomato shortage.”
The current account deficit during October was recorded at $166 million; and had the CSF money ($322 mn) not flown in, the gap would have been similar to what was registered in the previous month.
The secondary market yields of government securities that drastically fell down right after the scraping of last PIB auctions conducted on October 23 got the pace back after the release of CPI numbers for October. The CPI stood at 9.08 percent versus 7.39 percent recorded in the preceding month.


Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln