【Daily】10 May. Brief of Pak BizNews
KSE 100 43,393.14 ▼ 3.23%
KMI 30 70,032.84▼ 4.05%
KASB Tech Index 267.43 ▼ 6.78%
KASB Market View
· The benchmark KSE-100 Index fell below the 43,000 level amidst rising economic uncertainty.
· We expect the market to remain volatile in the coming days.
FY22: Jul-Apr cement despatches fall 8.22pc to 44.3m tons
Cement despatches (both domestic and exports) during the first 10 months of current financial year 2021-22 remained 44.3 million tons which is 8.22 percent lower than 48.27 million tons dispatched during the corresponding period of last fiscal.
Rising exports to China termed ‘a good sign’
Welcoming surge in Pak exports to China, analysts believe that provision of cheap electricity to the industry will encourage exports.
Public debt stands at Rs41.466trn, NA told
The National Assembly was informed on Monday that the total public debt stands at Rs41.466 trillion – Rs26.44 trillion domestic and Rs 15.02 trillion external– till September 2021.
EFF’s 7th review: IMF says expecting to field mission this month
The International Monetary Fund (IMF) Tuesday said that it is expecting to field a mission during May to discuss with the authorities, policies to further the Extended Fund Facility’s 7th review, however, it did not specify the date and location.
Power tariffs to rise for now: govt
Federal Minister for Power Engineer Khurram Dastgir Khan said on Monday that electricity tariff would go up for the time being due to the high international oil prices.
RDA inflows hit $4.2bn mark
Inflows of Roshan Digital Account (RDA) are growing, reaching $4.2 billion at the end of April 2022. Despite political uncertainty in the country, the overseas Pakistanis continue to invest in RDA due to attractive profit rate.
Commodities and Currency: 1-Day Change