May 28, 2020 (MLN): Pakistan Petroleum Limited has been allowed by Govt of Pakistan to continue production from the Sui Mining Lease for another period of six months with effect from the expiry of the existing lease period on May 30, 2020.
According to the notification issued by PPL to Exchange, the Sui mining area has been exempted from the application of Rule 34 of the Pakistan Petroleum (Production ) Rules.
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July 14, 2020 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation on Tuesday in which it injected Rs.70.00 Billion into the market for 3 Days.
| Amount* | Rate | Bids | |||||
|---|---|---|---|---|---|---|---|
| Tenor | Type | Offered | Accepted | High - Low | Accepted | Offered | Accepted |
| 3D | Reverse Repo (Injection) | 70.000 | 70.000 | 7.11 - 7.01 | 7.01 | 5 | 5 |
| OMO Settlement: same day July 14, 2020 | |||||||
| *Amount in Billions | |||||||
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July 14, 2020 (MLN): The State Bank of Pakistan has decided to extend the validity of the measures to mitigate COVID-19 Pandemic from 30th June 2020 to December 31, 2020, keeping in view the ongoing impact of COVID-19 pandemic in the country.
Accordingly, Microfinance Banks (MFBs) shall resume biometric verification, with revised timelines of January 31, 2021, and March 31, 2021, for customers assigned medium and normal priorities, respectively.
In addition, SBP has observed that customers including (overseas Pakistani /walk-in/ occasional) are experiencing problems with regard to operation in their bank accounts, ensuring execution of financial transactions by them, and getting financial services from MFBs. The following revisions are being made in the existing AML/CFT requirements to facilitate such customers:
Further, the requirement of originator's and beneficiary's address in wire transfer have been amended, wherein MFB shall include the following information in the message or payment instruction, which should accompany or remain with the wire transfer throughout the payment chain:
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July 14, 2020 (MLN): The State Bank of Pakistan (SBP) announced that it will conduct a 3 day OMO to inject funds into the market.
Quotes timing is: 11:15 PST while result will be announced at: 11:45 PST
Settlement is same day - July 14, 2020
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July 14, 2020 (MLN): The Board of Directors of Dynea Pakistan Limited has approved the installation of a new Moulding Compound Plant at the Gadoon Unit.
With the new Plant, the total production capacity of Moulding Compound would be 24,000 metric tons, as per the notification issued to PSX.
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