【Daily】22 Feb. Brief of Pak BizNews
KSE 100 45,362.02▼ 0.69%
KMI 30 73,311.06 ▼ 0.87%
KASB Tech Index 408.40▼ 0.84%
KASB Market View
Oil prices shoot up on Russia-Ukraine tensions
Oil prices rose on Monday as tensions between Russia and the West ratcheted up, adding to supply concerns that have kept oil prices near $100 a barrel.
Provinces asked to share 50pc farm subsidy with centre
The federal government has asked of the provinces to share 50 percent cost of agriculture subsidy programmes with it as it was grappling with a widening budget deficit.
SBP to launch e-warehouse receipt financing today
The State Bank of Pakistan (SBP) will launch electronic warehouse receipt financing (EWRF) for maize crop today (Tuesday) to provide farmers with an adequate facility to store their produce, and also address their liquidity requirement, the central bank state
Gas reforms to raise urea exports: Engro
Pakistan is expected to approve a gas pricing policy this year that would drive up domestic costs for the urea industry and enable it to export, the chief executive of Engro Fertilizers told Reuters.
Govt sells 96.6pc of its stake in HEC at Rs99.99/share
Privatisation Commission on Monday successfully executed the bid for selling 96.6 percent shares in the Heavy Electrical Complex (HEC) to IMS Engineering at Rs99.999/share that would fetch Rs1.41 billion for the cash-starved government.
Govt to keep digital tabs on foreign-funded projects
While pressing the functionaries to finish foreign-funded projects on time, Omar Ayub Khan, Minister for Economic Affairs, on Monday said the government would extensively employ technology to keep tabs on the progress of these schemes.
Raising loans from world capital markets: MoF given one-time umbrella permission
The Federal Cabinet has reportedly granted one-time umbrella permission to the Finance Ministry to raise commercial loans from international capital markets through Eurobonds and Sukuks under “Global Medium-Term Note (GMTN) Programmes” despite the fact that the Minister for Law and Justice termed “umbrella approval” as legally untenable
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