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【Daily】24 Feb. Brief of Pak BizNews

By Staff Reporter | Gwadar Pro Feb 24, 2022

-Daily Market-

KSE 100  45132.92  ▲  0.27%
KMI 30 72,968.62  ▲  0.33%

KASB Tech Index 395.16  ▲  0.63%

 

KASB Market View

·         Volume on the all-share index decreased to 186.35 million from 227.17 million on Tuesday.

·         KSE-100 finished with a drop of 120.74 points to finish at 45,132.92

·         Bank of Punjab was the volume leader with 13.63 million shares, followed by TeleCard Limited with 12.29 million shares, and WorldCall Telecom with 11.56 million shares.

 

National News

 

PM Imran arrives in Moscow on two-day visit to advance gas pipeline project

Prime Minister Imran Khan arrived in Moscow late on Wednesday on a two-day visit to push for the construction of a long-delayed, multi-billion-dollar gas pipeline to be built in collaboration with Russian companies.

https://www.dawn.com/news/1676651/pm-imran-arrives-in-moscow-on-two-day-visit-to-advance-gas-pipeline-project

 

Jul-Jan FY22: Foreign debt of $12.02bn incurred

Pakistan incurred foreign debt of $12.02 billion from multiple financing sources in the first seven months (July-January) of 2021-22 including $2.623 billion from foreign commercial banks (21.8 percent) against the total budgeted external loans of $14.088 billion for the entire fiscal year.

https://www.brecorder.com/news/40156698/jul-jan-fy22-foreign-debt-of-1202bn-incurred

 

Imports, exports at 'complete standstill' as Karachi port blockade enters second day

A protest by the fisherfolk community after failed talks with the Maritime Affairs Ministry has resulted in a blockade at the Karachi port, bringing the import and export activities at the port to a halt.

https://tribune.com.pk/story/2344910/imports-exports-at-complete-standstill-as-karachi-port-blockade-enters-second-day

 

HNMPL introduces new Hyundai STARIA in Pakistan

With the coming of the new year, Hyundai Nishat Motor (Private) Limited (HNMPL) has released the all-new vehicle that is truly the future of mobility. Following a highly successful launch of the ELANTRA and the SONATA in 2021, Hyundai Pakistan is ready to launch the all-new STARIA. Inspired by the concept of a luxurious modern lounge, the futuristic styling commands instant attention. This vehicle is making its way to the Pakistani market for the first time ever.

https://www.brecorder.com/news/40156673/hnmpl-introduces-new-hyundai-staria-in-pakistan

 

KATI president demands govt rein in inflation

resident of Korangi Association of Trade and Industry (KATI) Salman Aslam has urged the government to take concrete steps to control inflation and reduce production costs, so as to restore the confidence of local investors and industrialists, besides foreign investors

https://www.brecorder.com/news/40156670/kati-president-demands-govt-rein-in-inflation

 

 

Daily Change: 1-Day Change

Gold: 

USD 1942.60 ▲ 1.69%

Silver: 

USD 24.99 ▲ 1.80%

Crude Oil

USD 96.54 ▲ 4.82%

USD-PKR: 

Rs 177.25/USD ▲ 0.75%

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