【Daily】10 Jan. Brief of Pak BizNews

By Staff Reporter | Gwadar Pro Jan 10, 2023

-Daily Market-

 KSE 100   40,505 ▼1.23%

 KMI 30     69,643 ▼0.65%

KASB Tech Index   508 ▼2.77%


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


$10.7b pledged as Pakistan races against time

Pakistan on Monday said that donors had so far committed $10.7 billion to help it recover from last year's devastating floods at the International Conference on Climate Resilient Pakistan which was co-hosted by the government of Pakistan and the United Nations in Geneva.



Disaster risk reconstruction: ADB to reprioritise $1bn over 3 years

The Asian Development Bank (ADB) will reprioritise up to $1 billion for climate and disaster risk reconstruction, as well as, resilience support over the next three years for Pakistan.



Meeting between Dar, IMF officials: Pakistan reaffirms commitment

Pakistan reiterated its commitment to completing a programme with the International Monetary Fund in a meeting on the sidelines of a climate conference in Geneva on Monday, the finance ministry said in a statement.



Demands for reforms: PM asks IMF for a pause

Prime Minister Shehbaz Sharif on Monday asked the IMF for a pause in its demands for economic reforms before releasing more financial aid, as the country tries to rebuild after catastrophic floods.



COAS, MBS agree to bolster defence cooperation

Chief of Army Staff (COAS) General Asim Munir has met Saudi Crown Prince and Prime Minister Mohammad bin Salman to discuss bilateral relations.



Pakistan may dodge default in next 6 months: Bloomberg

Pakistan is likely to dodge default in the next six months, but its troubles are not over, stated Bloomberg Economics in a report on Monday.



14th successive loss: rupee falls yet again against US dollar

Pakistan’s rupee registered a marginal loss against the US dollar for the 14th consecutive session, depreciating 0.12% in the inter-bank market on Monday.



FBR sees Rs1289bn tax gap for 2022

The Federal Board of Revenue (FBR) has worked out overall tax gap of Rs1,289 billion during 2022, which is, 26 percent of potential collectable tax under the current taxation regime.



Mari Petroleum discovers new gas reserves in Sindh

Mari Petroleum Company Limited (MPCL) on Monday announced a gas discovery at an exploratory well in Sindh, with a gas flow rate of 5.1 million standard cubic feet per day (mmscfd), making its first discovery for the new year 2023.



Car making components: FBR to charge 15pc duty on import

The Federal Board of Revenue (FBR) will charge 15 percent customs duty on the import of components for the assembly/ manufacture of new motorcars including station wagons and racing cars.




Commodities and Currency: 1-Day Change


USD 1878 ▼0.02%


USD 24 ▼0.67%

 Crude Oil

USD 74 ▼0.33%


Rs 228 0.31%

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