Global Economy
A paralyzing rise in money supply
The Mogambo Guru
Adam Hamilton of ZealLLC.com reminds us that "Inflation is purely and exclusively a monetary phenomenon", which doesn't mean all that much by itself, but becomes much more horrifying when he adds that Money of Zero Maturity has been zooming. In case you were wondering, Money of Zero Maturity (MZM) is considered to be a reasonable proxy for watching the movement of M3, which is the broadest measure of the money supply, which is important because inflation in the money supply means that inflation in consumer prices is coming.

JDW Sugar Mills Ltd
Entity: A-/A-2, Outlook: Stable
JCR-VIS Assigns Entity Ratings of A-/A-2 with a Stable Outlook to JDW Sugar Mills Ltd
JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial medium to long term entity rating of A- (Single A Minus) and short-term rating of A-2 (A-Two) to JDW Sugar Mills Limited (JDW). Outlook on the medium to long term rating is Stable.

GLOBAL MARKETS
The Wall Street reign-of-terror continues
It's only the third-day in June, but already investors are growing fearful about end of quarter earnings reports. There's still almost a month to go before most public companies close out their books for the second-quarter, ended June 30.

IN FOCUS
What prompted SBP to fix minimum return on bank deposit?
By M. Idrees Khawaja
The State Bank was left with no option but to come hard on the banks. Having failed to pay a decent return to depositors on their own, banks have now been forced to pay a minimum of 5 percent return on PLS saving deposits.

Economic Empowerment Of Women In Pakistan
The national Policy of Development and Empowerment of Women is a statement of intent of the government of Pakistan to specify its measures for the development and empowerment of women. With the policy providing the guidelines, the Ministry of Women Development (MoWD) is responsible to ensure within the overall operating framework of the government that the gender perspective is reflected in all national policies and plans.

RATING ROUNDUP
Publicly Notified Ratings by JCR-VIS Credit Rating Company LIMITED
ISSUE / ISSUER MEDIUM TO OUTLOOK SHORT
LONG TERM TERM
Entity Ratings
AlBaraka Islamic Bank BSC - Pakistan Branches A Stable A-1
Al Meezan Investment Management Ltd. A Stable A-2