【Daily】28 Dec. Brief of Pak BizNews

By Staff Reporter | Gwadar Pro Dec 28, 2022

-Daily Market-

 KSE 100   40,155 1.23%

 KMI 30     67,764 1.41%

KASB Tech Index   508 0.27%


KASB Market View


  • Macroeconomic economic concerns and the heighted political noise will likely keep the market’s performance ranged-bound. The upcoming CPI inflation reading may influence expectations of monetary policy tightening.
  • Confirmation of external funding, including Qatar's USD 2.0bn may ease pressure on the Pak Rupee
  • The recent political noise may keep investors concerned over the near term


National News


SBP issues MPC meetings calendar

The State Bank of Pakistan (SBP) on Monday issued an advance calendar of Monetary Policy Committee (MPC) meetings for the period between January and June 2023.



PKR edges lower by 18 paisa against greenback

On the back of rising economic uncertainty, weak fundamentals, and political upheaval, the Pakistani rupee (PKR) remained under pressure as the currency lost18 paisa against the US dollar in today's interbank session as the currency settled the trade at PKR 225.82 per USD compared to the previous closing of PKR 225.64 per USD.



Russia says can send natural gas ‘in long term’

Russian Deputy Prime Minister Alexander Novak told state TASS news agency that in the long-term, Russia can send its natural gas to the markets of Afghanistan and Pakistan, either using the infrastructure of Central Asia, or in a swap from the territory of Iran. He also said that Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline.



Cut in UfG targets in Interior Sindh, Baluchistan

The Sui Southern Gas Company (SSGC) has yet to share the action plan with the Auditor General of Pakistan (AGP) on the reduction in the unaccounted for gas (UfG) targets in Interior Sindh and Balochistan.



Dar concerned at non-recovery of Rs447bn GIDC

Finance Minister Ishaq Dar was informed on Monday that still there are Rs447 billion outstanding on account of Gas Infrastructure Development Cess (GIDC) that are to be recovered.



Inventory shortage; PSMCL decides to suspend production for 5 days

Pak Suzuki Motor Company Limited (PSMCL) has decided to completely shut down its plant for both automobiles and motorcycles from January 2, 2023, to January 6, 2023, due to the inventory shortage.



Privatisation programme: CCoP decides to delist SME Bank

A meeting of the Cabinet Committee on Privatisation (CCoP) has delisted SME Bank from the privatisation programme to enable the State Bank of Pakistan (SBP) and the Finance Division to proceed further with alternate options.



New customs values issued for wide range of papers

The Directorate General of Customs Valuation, Karachi has increased 15pc to 20 pc customs values on the import of a wide range of papers including uncoated offset paper for writing, printing and photocopy from Australia, Brazil, China, Indonesia, Singapore, Japan, Thailand, and Russia.





Commodities and Currency: 1-Day Change


USD 1812 0.44%


USD 24 0.65%

Crude Oil

USD 80 0.35%


Rs 226 0.28%

  • comments
  • give_like
  • collection
More Articles