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Company News: Pakistan

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BR Research: Please elaborate on the efficacy of the MPI index and how it adds to insights about incidence of poverty in a country, Dr Sabina Alkire: The MPI is an international measure of acute poverty that measures deprivations in three dimensions: education, health and living standards.

BR Research: Tell us about the brief history of Hascol and its operations in Pakistan. Saleem Butt: In 2005 the government decided to introduce new companies to increase competition. It devised certain criteria for new entrants. Hascol is one of the seven companies which were granted the license.
INTRODUCTION: Tata Textile Mills Limited was incorporated in Pakistan by TATA Group in 1987 as a public limited Company and is listed on Karachi and Lahore Stock Exchanges. The Company is primarily involved in the manufacturing and sale of yarn. The company produces one of the finest yarns in Pakistan and its manufacturing facilities are located at District of Muzaffargarh, Punjab.
Standing on a total asset base of Rs 179 billion as of September 30, 2011, Meezan Bank (MEBL) is the country's largest Islamic bank and the seventh largest mid-sized commercial bank. Operating through a network of 235 branches, the bank provides myriad of Islamic banking products and services, with focus on four business segments such as corporate finance, retail banking, trading and sales, and commercial banking.
Maple Leaf Cement started operations as a private company in 1992 when it was acquired by the Kohinoor Maple Leaf Group. Based in Lahore, the Company has since positioned itself as a prominent cement manufacturer of the country with a diverse customer base.
BR Research recently sat down with Lars Christian, the recently-appointed CEO of Telenor Pakistan, to discuss telecommunication-related issues in Pakistan. Prior to this, Lars was the head of Marketing at Telenor Group's Asia office in Bangkok. He has also worked as CMO of Telenor Pakistan between February 2008 and February 2011. Lars has diverse international work experience, both from different positions in Telenor and from Cell One in Namibia.
BR Research: Competitiveness indicators have shown slight improvements compared to the previous year. What is your view on this trend?

China Wholesale

brindex
9098.8   Arrow 29.37
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Banking Review 2011


The Wall

ArrowEuro 1.3158
ArrowSterling 1.5815
ArrowSwiss Franc 0.9182
ArrowYen 76.6015
ArrowGold 1740.300
ArrowCotton 96.340
ArrowOil 97.840
Index Closing Chg%
Arrow DJIA 12,862.20 1.23
Arrow Nasdaq 2,905.66 1.61
Arrow S&P 1,344.90 1.46
Arrow FTSE 5,901.07 1.81
Arrow DAX 6,766.67 1.67
Arrow CAC-40 3,427.92 1.52
Arrow Nikkei 8,831.93 0.51
Arrow H.Seng 20,757.00 0.08
Arrow Sensex 17,605.00 0.99

The Rupee

Interbank closing rates for dollar on Saturday.
BuyingRs 90.40
SellingRs 90.45
Rates keep coming down

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyDecember
Trade Balance $-2.41 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyJanuary 26, 2012
Reserves $16.802 bln
ArrowBRIndex-30 9,104.17
ArrowKSE-30 Index 11,258.08
ArrowKSE-100 Index 11,982.62
ArrowLSE-25 Index 3,122.96
ArrowISE-10 Index 2,627.71
ArrowGold Per 10gm 50,914.00
ArrowKCA Spot Rate 5,700.00
ArrowLibor Rate 0.76850

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