Stock MarketWeekly wrap: PKR maintains upward trend, PSX plunges to lowest since Covid crash
Benchmark KSE-100 index falls more than 8% from its peak of 67,000, report
Dec 23, 2023
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HeadlinesSBP introduces new exchange rate mechanism for open market transparency
Under the new system, Exchange Companies holding at least 75 percent market share will provide daily exchange rates for the six major currencies to ECAP
Dec 23, 2023
HeadlinesOGRA increases RLNG prices by 10%
SNGPL customers will pay $13.68 per mmbtu for transmission and $14.81 for distribution, while SSGC consumers will face a transmission rate of $13.26 and a distribution rate of $15.45.
Dec 23, 2023
HeadlinesShort-term inflation reaches 42.6%: PBS
The rise is attributed to an unprecedented 1,109% increase in gas rates and increased prices of essential kitchen items
Dec 23, 2023
HeadlinesPakistan faces $1.5m monthly loss in meat exports to UAE due to unacknowledged freight charges
Despite the spike in air freight costs, certain exporters continued to export meat at the previously fixed rate of $3.9/kg in March 2023, when freight was even lower at $713/ton
Dec 22, 2023
HeadlinesPSO grapples with escalating receivables, crossing Rs800bn mark
Among the major defaulters are power generation companies, with total outstanding payments of Rs150.8 billion
Dec 22, 2023
HeadlinesSBP pumps Rs2.72trn into market through OMOs
Rs2.66 trillion were injected through a reverse repo OMO and Rs68 billion through a Shariah-compliant Modarabah-based OMO
Dec 22, 2023
HeadlinesEnergy imports decline by 13pc in Nov, reaching $1.42bn
Refined product imports dropped by 29% to $499 million in November compared to $708 million the previous year
Dec 22, 2023
HeadlinesPakistan’s exports up by 7.7%, imports down by 12% in November
Trade deficit widens by 11.93% year-on-year, narrows by 6.68% month-on-month
Dec 22, 2023
HeadlinesHigher gas prices push textile exports 7% down in November, report
APTMA urges the government to reduce power tariffs to 9-10 cents/kWh at which Pakistan’s exports can compete in global markets
Dec 22, 2023
HeadlinesSBP’s reserves fall to $6.904b, but IMF loan boosts Pakistan’s outlook
Pakistan’s current account deficit has narrowed by 64 percent to $1.16 billion in the first five months of the fiscal year
Dec 22, 2023
HeadlinesPSX seeks clarification from 19 companies on unusual share price movement
Share prices and volumes of these companies showed significant variations between November 16, 2023, and December 15, 2023.
Dec 21, 2023