【Daily】28 June Brief of Pak BizNews
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KSE 100 41,878.57▲2.01% KMI 30 68,934.08 ▲2.10% KASB Tech Index 276.03 ▲3.79%
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National News
Pakistan gets $3.68bn debt relief from G-20 countries The global debt payments suspension initiative by the G-20 countries has provided temporary relief of around $3.68 billion to Pakistan. https://profit.pakistantoday.com.pk/2022/06/27/pakistan-gets-3-68bn-debt-relief-from-g-20-countries/
NA: Amendments to finance bill may be presented today The government is likely to present amendments to the Finance Bill 2022, in the National Assembly Tuesday (June 28) with additional taxation measures including the imposition of 10 percent supertax on 13 sectors/industries. https://epaper.brecorder.com/2022/06/28/1-page/934793-news.html
PKR declines marginally Rupee depreciated marginally for the second-consecutive session on Monday, falling 46 paisas against the US dollar in the inter-bank as the market awaited revival of the International Monetary Fund (IMF) programme. https://epaper.brecorder.com/2022/06/28/1-page/934801-news.html
No cut motions due to absence of opposition; NA approves 83 demands for grants The National Assembly on Monday approved 83 demands for grants for various ministries worth Rs4,573.38 billion without any cut motions on them due to absence of a vibrant opposition in the house. https://epaper.brecorder.com/2022/06/28/1-page/934795-news.html
MARI performs post-acid test, reports double gas flows at Bannu West-l Mari Petroleum Company Limited (MPCL) has informed that a post-acid test has been performed at its exploratory well Bannu West-l ST-l in Bannu West Block, located in North Waziristan, KP, wherein the gas discovery size has increased to 50 MMSCFD while oil discovery size remaining unchanged at 300bopd, the company’s filing on PSX showed today. https://mettisglobal.news/mari-performs-post-acid-test-reports-double-gas-flows-at-bannu-west-l/
Govt fuel oil imports hit 4-yr high as it struggles to buy LNG Pakistan’s monthly fuel oil imports are set to hit a four-year high in June, Refinitiv data showed, as the country struggles to buy liquefied natural gas (LNG) for power generation amid a heatwave that is driving demand. https://epaper.brecorder.com/2022/06/28/1-page/934797-news.html
LPG price hiked by Rs10 per kg The Oil and Marketing Companies (OMCs) have increased the Liquefied Petroleum Gas (LPG) by Rs10 per kg to Rs200 per kg. https://mettisglobal.news/lpg-price-hiked-by-rs10-per-kg/
High-quality coal from Afghanistan; PM approves import in rupees Prime Minister Shehbaz Sharif on Monday approved the import of high-quality coal from Afghanistan in rupees instead of dollars to save the country’s foreign exchange. https://epaper.brecorder.com/2022/06/28/1-page/934794-news.html
NEPRA approves Rs7.90 hike in power tariff The National Electric and Power Regulatory Authority (NEPRA) on Monday approved a hike of Rs7.90 in power tariff on account of fuel adjustment charges for May. https://tribune.com.pk/story/2363513/nepra-approves-rs790-hike-in-power-tariff
PM Shehbaz hints at 'more power loadshedding' in July Prime Minister Shehbaz Sharif has hinted at an increase in the electricity loadshedding in the month of July, saying the government is trying its "level best to avoid the power outages". https://tribune.com.pk/story/2363556/pm-shehbaz-hints-at-more-power-loadshedding-in-july
Senator Ishaq Dar likely to return next month Pakistan Muslim League Nawaz Senator Ishaq Dar will likely return to Pakistan in the third week of July to face a court battle. Dar will decide on joining the federal cabinet only after winning the court cases against him, sources say. https://profit.pakistantoday.com.pk/2022/06/27/senator-ishaq-dar-likely-to-return-next-month/
Commodities and Currency: 1-Day Change
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