News Round Up

IEL RESEARCH

28th July 2022

USD/PKR: PKR236.02(Interbank)

IBEX: $18.83
FIPI: -0.90Mn(USD) NET

Leverage Stats

FUTURE CONTRACT (Jul-Sep): Rs. 10.58Bn
MTS AMOUNT: Rs. 5.02Bn
MFS AMOUNT: Rs. 3.83Bn

Economic News Update:

Pakistan’s current account deficit hits $2.28bn in June, up 59% month-on-month

https://www.brecorder.com/news/40188482/pakistans-current-account-deficit-hits-228bn-in-june-up-59-month-on-month

Moody’s, Fitch expect Pakistan to secure $1.2bn IMF bailout package

https://www.brecorder.com/news/40188436/moodys-fitch-expect-pakistan-to-secure-12bn-imf-bailout-package

Trade deficit in services worsens by 2.5x YoY in June 2022

https://mettisglobal.news/trade-deficit-in-services-worsens-by-2-5x-yoy-in-june-2022/

SBP raises Rs1tr through T-bills auction

https://mettisglobal.news/sbp-raises-rs1tr-through-t-bills-auction/

Govt to lift ban on certain imports in coming days: Miftah Ismail

https://www.brecorder.com/news/40188458/govt-to-lift-ban-on-certain-imports-in-coming-days-miftah-ismail

Govt to sell SOEs’ shares to friendly countries with buyback option

https://www.dawn.com/news/1701918/govt-to-sell-soes-shares-to-friendly-countries-with-buyback-option

Potential buyers begin on-site inspections of PSM

https://www.dawn.com/news/1701916/potential-buyers-begin-on-site-inspections-of-psm

Toyota, Suzuki to partially shut Pakistan output over forex, shortage issues

https://tribune.com.pk/story/2368122/toyota-suzuki-to-partially-shut-pakistan-output-over-forex-shortage-issues

Govt to complete Thar Coal Power Project in first quarter 2023: PM

Govt to complete Thar Coal Power Project in first quarter 2023: PM

Five export-oriented sectors: PD seeks over Rs84bn to ensure power supply at a concessionary rate

https://www.brecorder.com/news/40188649/five-export-oriented-sectors-pd-seeks-over-rs84bn-to-ensure-power-supply-at-concessionary-rate

Sharia-compliant trading platform for RDA clients launched

https://www.dawn.com/news/1701919/sharia-compliant-trading-platform-for-rda-clients-launched

Cabinet approves Act: Foreign investment to be enhanced at G2G level

https://www.brecorder.com/news/40188654/cabinet-approves-act-foreign-investment-to-be-enhanced-at-g2g-level

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