【Daily】4 Nov. Brief of Pak BizNews
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KSE 100 47,034.44 ▼ 0.17% KASB Tech Index 510.83 ▲ 5.39%
· Market remained negative on the last trading day with KSE-100 losing 80 points. The index closed at 47,034.44. · The Market is likely to remain range bound over the next few days over the concerns of further increase in policy rate by the State Bank of Pakistan (SBP) in its monetary policy announcement, due later this month.
National News Yield of three-month T-bills hiked by 25bps The cut-off yields on three-month treasury bills (T-bills) were further increased by 25 basis points in the auction on Wednesday, leading to a 127-basis point increase since the last monetary policy announced in August. https://www.dawn.com/news/1655871/yield-of-three-month-t-bills-hiked-by-25bps
PM unveils Rs120bn relief package Prime Minister Imran Khan on Wednesday announced a Rs120 billion relief package providing subsidy on essential food items but warned people of another increase in petroleum prices in the near future. https://www.dawn.com/news/1655819/pm-unveils-rs120bn-relief-package
SBP Amend Bill 2021: Pakistan, IMF struggling to find out solution The outstanding settlement on the State Bank of Pakistan’s Amendment Bill 2021 can make or break the IMF deal while the two sides are still struggling to find out a solution acceptable to them.
Sindh waste-to-energy policy fine-tuned The final points of Sindh Waste-to-Energy Policy 2021 were decided in a meeting held at the office of Energy Department on Tuesday chaired by Sindh Energy Minister Imtiaz Ahmed Sheikh. https://www.brecorder.com/news/40131098/sindh-waste-to-energy-policy-fine-tuned
KP Cabinet approves ten-year food security plan The provincial government of Khyber Pakhtunkhwa has approved the first-ever food security policy and plan for a period of ten years with a huge financial allocation of Rs.236 billion. https://www.brecorder.com/news/40131097/kp-cabinet-approves-ten-year-food-security-plan
Ministerial body to recommend wheat support price The Federal Cabinet has constituted Ministerial Committee to recommend Minimum Support Price (MSP) for wheat 2021-22, as many cabinet members raised objections on price of Rs 2,050/40 kg proposed by Ministry of National Food Security and Research (MoNFS&R), well informed sources told Business Recorder. https://www.brecorder.com/news/40131100/ministerial-body-to-recommend-wheat-support-price
Military to brief lawmakers on national security issues National Assembly Speaker Asad Qaiser on Wednesday convened an in-camera meeting of the Parliamentary Committee on National Security (PCNS) on Nov 8 for a briefing by military officials on the current national security issues. https://www.dawn.com/news/1655813/military-to-brief-lawmakers-on-national-security-issue
GSP+ facility mutually beneficial, Qureshi tells EU parliament’s team Foreign Minister Shah Mahmood Qureshi on Wednesday conveyed Pakistan’s readiness to continue to work for a productive and constructive partnership with the European Union (EU), saying that the GSP Plus facility to Pakistan had been mutually beneficial and played an important role in growth of trade between the two sides.
Pakistan has learnt a lot from FATF challenge: minister Minister for Energy Hammad Azhar on Wednesday said Pakistan was near completing the action plans given by the Financial Action Task Force (FATF) to ensure compliance in line with its standards. https://www.brecorder.com/news/40131157/pakistan-has-learnt-a-lot-from-fatf-challenge-minister
Inbound air traffic being allowed at full capacity The National Command and Operation Centre (NCOC) on Wednesday decided to allow inbound air traffic at full quantum from Nov 10, but retained five countries in category C. https://www.dawn.com/news/1655811/inbound-air-traffic-being-allowed-at-full-capacity
Commodities and Currency: 1-Day Change
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