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The Indian Supreme Court ruling of February 2 - which canceled 122 telecom licenses issued in 2008, on grounds of under-pricing and alleged corruption - must have given heebie-jeebies to the authorities at home who are eyeing to lock in over $800 million through auctioning mobile spectrum licenses next month.

When you are big and you go public, strict scrutiny will naturally follow you around. And social networking giant Facebook will vouch for that. Last Wednesday, the company announced its decision to become a publicly traded company, filing to raise $5 billion through an initial public offering (IPO).
Despite interest rate volatility, political uncertainty and turbulent equity market, the mutual funds industry registered 16 percent growth, in terms of net assets in 1HFY12. Category wise largest growth was experienced by the Income funds category, whose average annualised return in 1HFY12 was 10.1 percent.
Pakistan is located on a geographical fault line, and some of the countrys socio-economic ailments have geopolitical underpinnings. A by-product of territorial hostilities is a thriving illegal economy, which both fuels and feeds on the conflicts and militancy along the porous borders. It is from there that illicit trade seeps deeper inside the country through complex, informal and formal organised criminal networks.
The month of February brings promise of a new era of trade relations between Pakistan and India. Relations between the two countries have already thawed considerably in recent weeks, after being on the rocks since the gruesome 7/11 Mumbai attacks.
Pakistan Oilfields Limited (POL) announced its 1HFY12 financial results, which are below the market consensus estimates. The E&P Company was expected to post impressive profit growth more than it did, as the market expected profits to clock around Rs.7 billion-which actually came at Rs.6.1 billion. POL, however, continued with its high dividend payout policy announcing Rs.17.5/share as the interim dividend.
With the inflation rate moving up to 10.10 percent in January 2012 on a year-on-year basis, the tempo of a falling inflation rate seen in the past two months is reversing.
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China Wholesale

brindex
9098.8   Arrow 29.37
+

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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