【Daily】22 Aug. Brief of Pak BizNews

By Staff Reporter | Gwadar Pro Aug 22, 2022

-Daily Market-

 KSE 100   43,271 ▼0.48%

 KMI 30     71,313 ▼0.36%

KASB Tech Index   433 0.87%


KASB Market View


  • Various economic data points were released yesterday showing signs of current account surplus for Jul22. This is likely to keep the market sentiment positive.
  • We expect further currency appreciation amidst anticipated inflows from IMF and friendly countries. This bodes well for the cyclical sectors.


National News


Weekly inflation races to all-time high of 42.3pc

Inflation measured by the Sensitive Price Indicator (SPI) rose sharply in the week that ended on Aug 18, climbing to a record 42.3 per cent year-on-year, the Pakistan Bureau of Statistics data showed on Friday.



FCA for July: CPPA-G seeks Rs4.70 per unit hike in Discos’ tariffs

The Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought an increase of Rs 4.70 per unit in Discos’ tariffs for July 2022 under monthly Fuel Charges Adjustment (FCA), due to the higher cost of imported coal, RFO, RLNG and HSD.



Import value of Afghanistan coal fixed at USD140/mt

Directorate General of Customs Valuation Karachi has fixed US$140 Per Metric Ton (PMT) as the import value of Afghan-origin coal imported into Pakistan via land-borders Custom stations.



Monetary policy to be unveiled on Monday (Today)

The meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be held on Monday to decide about the Monetary Policy.



Power Division accuses IPPs of ‘over invoicing’

Power Division on Friday accused Independent Power Producers (IPPs) of involvement in substantial over invoicing due to which costs of projects were far higher than the actual.



Jameel Ahmad appointed SBP governor for five years

The federal government has appointed Jameel Ahmad, a deputy governor of the State Bank of Pakistan (SBP), as the bank’s governor for a five-year term, the finance ministry said on Friday.



Export strategy for 10 priority sectors unveiled

The Ministry of Commerce on Friday unveiled the National Priority Sectors Export Strategy (NPSES), with a focus on 10 priority sectors to achieve growth in exports.



33 categories, 860 products: ECC approves lifting of ban on wide range of goods

The Economic Coordination Committee (ECC) of the Cabinet has approved the lifting of the ban imposed on the import of about 33 classes/ categories of goods covering more than 860 products/ tariff lines.



Commodities and Currency: 1-Day Change


USD 1761 ▼0.08%


USD 19 ▼0.15%

Crude Oil

USD 90 ▼0.95%


Rs 216 0.05%

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