Category: News

Good Morning The liquid foreign currency reserves held by the country rose $95 million to $19,047.3 million on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. National Electric Power Regulatory Authority (Nepra) on Thursday approved increase in electricity tariffs of Discos for five months and reduction for… Continue reading Daily news: 24th July 2020

Good Morning The State Bank of Pakistan (SBP) has enhanced the financing limit of Renewable Energy Refinance Scheme by 100 percent from Rs 1 billion to Rs 2 billion aimed at further promoting and increasing the use of renewable energy. National Electric Power Regulatory Authority (Nepra) is all set to increase Discos’ tariffs under quarterly… Continue reading Daily news: 23rd July 2020

Good Morning Large scale manufacturing (LSM) contracted 10.3 percent for the first 11 months of the last fiscal year of 2019/20 as most of the industrial activities witnessed sharp decline during the period, official data showed on Tuesday. The current account deficit narrowed 77.9 percent to $2.97 billion in July-June FY2020 from $13.43 billion in the… Continue reading Daily news: 22nd July 2020

Good Morning Rupee tumbled to an all-time low of 168.30 per US dollar in the interbank trade on Monday as surging oil payments exacerbated the market sentiments already dampened by uncertainty about resumption of stalled IMF loan program. All Pakistan Textile Mills Association (APTMA) Sindh-Balochistan Region Chairman Zahid Mazhar on Monday demanded to increase the allocation… Continue reading Daily news: 21st July 2020

The Asian Development Bank Pakistan Resident Mission and KASB Securities are delighted to invite you for their second capital markets webinar on Accessing Global Debt Markets – Perspective of a Global Fund Manager. The speaker is Omar Soomro, EM Portfolio Manager (ex Autonomy Capital/More Capital).The webinar is on Thursday 23rd July at 4pm. The webinar… Continue reading ADB/KASB Webinar on Accessing Global Debt Markets – Perspective of global fund managers

Good Morning The previous week saw the bull-run continue with the KSE-100 index growing by 1,140pts, comfortably breaking past the 37k mark. Domestic participation continued to remain the driving force behind the index’s relatively sustained rally. Particular interest was witnessed in the cyclical industries with cements and steels taking charge. We believe additional details regarding… Continue reading Daily news: 20th July 2020

Good Morning Pakistan’s exports decreased by 6.81 percent during fiscal year 2019-20 and remained $21.394 billion as compared to $22.958 billion during the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) data revealed. Pakistan’s foreign exchange reserves increased to $18.952 billion during the week ended July 10 from $18.790 billion in the previous… Continue reading Daily news: 17th July 2020

Good Morning The State Bank of Pakistan (SBP) has set mandatory targets for banks to extend mortgage loans and financing for developers and builders. Accordingly, all banks will be required to increase their housing and construction of building loan portfolios to at least 5 percent of their private sector credit by the end of December… Continue reading Daily news: 16th July 2020

Good Morning The central government’s debt, excluding its liabilities, increased at a double-digit pace to Rs34.5 trillion by the end of May 2020 on an annualised basis, with an average of Rs14.2 billion per day, reported the State Bank of Pakistan (SBP) on Monday. MOL group has made new hydrocarbon discovery in TAL Block. Owing… Continue reading Daily news: 15th July 2020

Good Morning Pakistan has received all-time high over $23 billion home remittances inflows during the last fiscal year (FY20). The sales of passenger cars have declined by 52 percent YoY in Jun-2020 to 8,446 units. The Pakistan International Airlines (PIA) is expected to incur losses of Rs100 billion due to suspension of international flights amid… Continue reading Daily news: 14th July 2020