【Daily】28 June Brief of Pak BizNews

By Staff Reporter | Gwadar Pro Jun 28, 2022

-Daily Market-

 KSE 100   41,878.57▲2.01%

 KMI 30     68,934.08 ▲2.10%

KASB Tech Index   276.03 ▲3.79%


KASB Market View


  • we expect the currency to further strengthen as the country has secured debt relief worth USD 3.68bn. This comes after receiving USD 2.3bn from China earlier.
  • the government is also taking additional measures such as importing high quality coal from Afghan in PkR that would further alleviate pressure on currency.
  • we expect technology to perform today as well.


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.



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.



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.



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.



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.



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.



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.



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.



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.



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".



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.





Commodities and Currency: 1-Day Change


USD 1,825.95▲0.06%


USD 21.087▼0.44%

Crude Oil

USD 110.91▲1.22%


Rs 207.100/USD▼0.43%

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