Staff Report

Headlines

According to the Huawei GCI index, Pakistan currently ranks 77th on the GCI in 2018 due to the fact that information technology is not streamlined.

Headlines

Earlier, in a summary moved to the government, the Oil and Gas Regulatory Authority (OGRA) recommended a Rs12.50 and Rs8.37 per litre increase in the prices of high-speed diesel and petrol, respectively, to be applicable from June 1, 2018.

Economy

During the week ending May 25, 2018, foreign exchange reserves held by the State Bank of Pakistan (SBP) shrunk by $286.4 million to $10.03 billion, down 2.7 per cent.

Headlines

Pakistan’s foreign portfolio investment witnessed 9-month high outflow of $73 million during May 2018, while YTD outflow remains at $59 million.

Headlines

SECP Investor Education and International Relations Commissioner Shauzab Ali and PCI Executive Director Mustafa Hyder Sayed signed the MOU.

Headlines

According to a press release, fresh currency notes will be available from designated commercial bank branches called “e- branches” and the 16 field offices of the SBP BSC.

Economy

Foreign investors were net buyers, at last, and the market posted return of 1.15 per cent or 484 points in a single day, closing at 42,623 index level.