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27 Dec. Brief of Pak BizNews

By Staff Reporter | Gwadar Pro Dec 27, 2021

-Daily Market-

KSE 100 44,118.39 ▼ 0.00%

  KMI 30 70,896.79 ▼ 0.07%

     KASB Tech Index 466.17 ▼ 1.51%

 

KASB Market View

The KSE-100 index closed on 44,119 pts losing 2.1 pts on the back uncertainty prevailing in the market regarding the mini-budget.

Going forward, the approval of the amended Finance, and State Bank of Pakistan (SBP) autonomy bills as well as the upcoming IMF review on 12th Jan’21 will be the next trigger for the market direction.

National News

All set to introduce Finance, SBP autonomy bills tomorrow

The government is all set to introduce the amended Finance, and State Bank of Pakistan (SBP) autonomy bills in Parliament for approval tomorrow (Tuesday) despite resistance by opposition. The sources privy to the development said that both the bills are being introduced in parliament for approval before the sixth review of the $6 billion Extended Fund Facility (EFF) by the International Monetary Fund’s (IMF) executive board on January 12.

https://www.brecorder.com/news/40142732/all-set-to-introduce-finance-sbp-autonomy-bills-tomorrow

 

Gas supply priority revised for 3 months: Fertilizer sector now on a par with export sector

The Federal Government has decided to place domestic fertilizer sector at par with export sector in gas supply priority list for three months, i.e., till March 31 2022, well informed sources told Business Recorder.

https://www.brecorder.com/news/40142736/gas-supply-priority-revised-for-3-months-fertilizer-sector-now-on-a-par-with-export-sector

 

SNGPL initiates action against illegal gas compressor

General Manager Rawalpindi Region, Sui Northern Gas Pipeline Limited (SNGPL), Mukhtar Shah said special teams have been constituted to launch a crackdown against those who are depriving their neighbours of the gas facility by using the compressors.

https://www.brecorder.com/news/40142725/sngpl-initiates-action-against-illegal-gas-compressor

 

Sufficient stock of furnace oil available: Hammad

The Federal Minister for Energy, Hammad Azhar, on Sunday clarified some ‘misconceptions’ about availability and consumption of furnace oil, saying it was ‘well stocked’ to meet the winter energy needs of the country.

https://www.brecorder.com/news/40142728/sufficient-stock-of-furnace-oil-available-hammad

 

Govt gets $4.6bn foreign loans in five months

The PTI government received about $4.6 billion in foreign loans during the first five months (July-November) of the current fiscal year, taking its total loan inflows to about $40bn since July 2018.

https://www.dawn.com/news/1665491

 

Flight of dollar continues despite FIA action

While the Federal Investigation Agency (FIA) is taking all-out measures against illegal currency business, pressure on the exchange rate has refused to ease out as dollar reached a record high of Rs181.3 in the open market on Friday.

https://www.dawn.com/news/1665957/flight-of-dollar-continues-despite-fia-action

 

Railways has earned Rs200.33bn in four years

Pakistan Railways (PR) has earned around Rs 200.33 billion during the last four years and also significantly decreased its working expenses to transform the organization into a profitable entity.

https://www.brecorder.com/news/40142722/railways-has-earned-rs20033bn-in-four-years

 

FBR mulling strategy to broaden tax base

Pakistan’s top tax machinery has almost finalized a comprehensive strategy for broadening tax base that may be put into motion along with a documentation drive in January, Dawn has learnt from knowledgeable sources.

https://www.dawn.com/news/1665858/fbr-mulling-strategy-to-broaden-tax-base

 

Commodities and Currency: 1-Day Change

🥇 Gold: USD 1,811 ▼ 0.02%

🥈 Silver: USD 22.85 ▼ 0.38%

🛢️Crude Oil: USD 73.24 ▼ 0.75%

🔀  USD-PKR: Rs 178.62/USD ▲ 0.21% 

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