Pakistan inflation could rise to 13.5pc, says IMF

first_img Pakistan’s inflation rate could soon rise as high as 13.5 per cent, according to the International Monetary Fund (IMF).The country’s inflation rose to a four-month high in August as devastating floods forced food prices higher. Core inflation rose to a higher-than expected 12.5 per cent, as the consumer price index increased 2.5 per cent from July.Analysts had expected the central bank to wait and see until the release of a damages assessment report, due to be released in mid-October, but with inflation higher than expected, there are fears that the central bank may hike the policy rate.The IMF has pledged $451m (£287m) in aid to the stricken nation, which will be used to plug the gap in public spending and shore up its flagging currency. Wednesday 22 September 2010 7:33 pm whatsapp KCS-content Pakistan inflation could rise to 13.5pc, says IMF Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Share whatsapp Tags: NULLlast_img read more

Delta Corporation Limited (DLTA.zw) 2010 Abridged Report

first_imgDelta Corporation Limited (DLTA.zw) listed on the Zimbabwe Stock Exchange under the Beverages sector has released it’s 2010 abridged results.For more information about Delta Corporation Limited (DLTA.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Delta Corporation Limited (DLTA.zw) company page on AfricanFinancials.Document: Delta Corporation Limited (DLTA.zw)  2010 abridged results.Company ProfileDelta Corporation Limited manufacturers and markets international and locally-produced beverages in Zimbabwe. It operates in four segments: non-alcoholic beverages, sparkling beverages, lager beers and traditional beers. Brands in its non-alcoholic range are a flavoured maize drink called Shumba Maheu, and a flavoured drinking yoghurt called Supersip Yogurt. The sparkling beverages division operates two bottling plants and one canning plant; bottling and distributing popular cool drink brands sold worldwide by the Coca-Cola Company, a range of drink mixes and an energy drink called Burn. The lager beer division operates two breweries; bottling and distributing international brands such as Castle Lite, Miller’s, Peroni, Redds, Brutal Fruit and Sarita. Delta Corporation Limited has a monopoly in the traditional beer market in Zimbabwe with 14 breweries located across the country; brewing and distributing a well-known sorghum beer brand called Chibuku. Other subsidiaries have interests in transport and logistics, barley and sorghum malting, food processing, packaging, retailing wines and spirits, recycling, tin can production and leadership training. Delta Corporation Limited is listed on the Zimbabwe Stock Exchangelast_img read more