November 25, 2019: Pakistan is looking into possibilities of producing diesel from coal to bring down oil import bill and achieve self-sufficiency in this sector.
Talking to APP, official sources said we have a lot of interest to develop diesel from Thar coal and want Chinese assistance in that regard.
He said China has two such mega plants which are successfully running and Pakistan wanted its help in turning Thar coal into diesel.
Radio Pakistan
31250
August 10, 2020 (MLN): Breaking its long rising streak, gold price on Monday declined by Rs 3,000 to Rs 129,000 per tola in bullion markets.The precious yellow metal of 24-Karat had closed at Rs 132,000 per tola on the last day.
According to the Karachi Sarafa Association, the price of 10-gram gold also witnessed a decrease of Rs 2,572 to settle at Rs 110,597 against the previous close of Rs 113,169 per-gram.
Likewise, the silver prices inched lower by Rs 40 to Rs 1,670 per tola. On the other hand, 10-gram silver edged higher by Rs 34.29 to Rs 1,431.75.
In the international market, gold prices reached $2,030 an ounce, down by $24 while silver was pegged at $28.25 per ounce.
Copyright Mettis Link News
August 10, 2020: Emirates has announced it will increase its passenger services to/from Pakistan starting 10 August, offering customers enhanced connectivity to over 70 destinations within its current network, via Dubai.
The airline is set to ramp up its flight frequency to/from Karachi, Islamabad, Lahore, and Sialkot; and resume passenger services to Peshawar providing customers worldwide with greater access to its expanding network.
Emirates will now offer customers 53 weekly flights to Pakistan, which will increase to 60 weekly flights starting 16 August. All flights will be operated with the Emirates Boeing 777-300ER and can be booked on emirates.com or via travel agents.
The airline will operate 21 weekly flights to Karachi (increased to 28 weekly flights starting 16 August); 10 weekly flights to Islamabad; 7 weekly flights to Sialkot; 10 weekly flights to Lahore; and 5 weekly flights to Peshawar.
Customers are reminded that travel restrictions remain in place, and travelers will only be accepted on these flights if they comply with the eligibility and entry criteria requirements.
Customers can stop over or travel to Dubai as the city has re-opened for international business and leisure visitors. COVID-19 PCR tests are mandatory for all inbound and transit passengers arriving to Dubai (and the UAE), including UAE citizens, residents and tourists, irrespective of the country they are coming from.
August 10, 2020 (MLN): The Second month of the ongoing fiscal year (FY21) has so far witnessed net inflow of $4.453 million in short-term government securities particularly T-bills.
According to the data released by SBP, from August 2020 to date, foreigners have invested $16.98 million in domestic T-bills against the outflow of $12.58 million. Government’s long-term debt instruments i.e. PIBs have attracted $5 million, bringing the total net inflow in local debt market to cock in at $9.54 million so far.
As per the latest available daily position of SCRA, the last session of the previous week i.e. Friday, observed net inflow of $5 million in T-bills from UAE, against the outflow of $10 million, bringing the net outflow for the day to stand at $5 million.
Cumulatively from July’20 to date, Foreign investors have taken out $76.72 million from short-term debt instrument (T-bills), against the inflow of $29.66 million, taking the net outflow to settle at $47 million.
With regards to equity, Pakistan Stock Exchange has also observed hefty outflow of $133 million against the inflow of $48.2 million from July’20 to date. This has brought the net outflow to settle at $84.94 million.
Overall, so far, the country observed a cumulative outflow of $121.85 million in domestic securities.
Copyright Mettis Link News
August 10, 2020 (MLN): The net sale of securities by overseas investors for the week ended July 30, 2020 clocked in at Rs.1.69 billion, i.e. around Rs.4.39 billion higher than last week's numbers.
According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.22.3 billion, which is around 80.2 percent higher than the figures recorded last week.
Similarly, the total purchase of securities stood at Rs.20.6 billion, which is 226.9 percent higher than the prior week.
Over the week, the overall purchase of securities rose by Rs.14.31 billion while the net sale of securities increased by Rs.9.92 billion.
Apart from this, the inflow of remittance into these accounts stood at Rs.2.14 billion, while its outflow has been reported at Rs.3.29 billion.
The closing balance of SCRA was recorded at Rs.31.12 billion, which marks a rise of Rs.812.15 million over the week.
Copyright Mettis Link News
August 10, 2020 (MLN): The KSE-100 index swung between gains and losses on Monday but landed in a red territory with a loss of 114 points to close the trading session at 39,914-mark on profit booking.
According to market closing note by Ismail Iqbal securities, the capital markets remained volatile despite the end of lockdown in the country while investors chose to book gains after uncertainty on deferred oil facility from Saudi Arabia.
The trading activity was knocked by the political uncertainty spurred after the FM Shah Muhammad Qureshi slammed OIC for not standing up for Kashmir issue, as per Aba Ali Habib’s closing note.
Besides this, the Indus motors company posted a 63% YoY decline in its profits during FY20 which also limited trading and business activity.
The Index traded in a range of 367.74 points or 0.92 percent of previous close, showing an intraday high of 40,192.95 and a low of 39,825.21.
Of the 96 traded companies in the KSE100 Index 34 closed up 58 closed down, while 4 remained unchanged. Total volume traded for the index was 289.98 million shares.
Sector wise, the index was let down by Technology & Communication with 48 points, Cement with 45 points, Oil & Gas Exploration Companies with 40 points, Commercial Banks with 24 points and Insurance with 24 points.
The most points taken off the index was by TRG which stripped the index of 41 points followed by MCB with 19 points, HCAR with 18 points, POL with 16 points and DAWH with 16 points.
Sectors propping up the index were Oil & Gas Marketing Companies with 31 points, Power Generation & Distribution with 28 points, Textile Composite with 25 points, Refinery with 13 points and Tobacco with 8 points.
The most points added to the index was by MTL which contributed 23 points followed by HUBC with 20 points, KTML with 16 points, KAPCO with 14 points and PSO with 13 points.
All Share Volume decreased by 152.22 Million to 576.55 Million Shares. Market Cap decreased by Rs.25.69 Billion.
Total companies traded were 415 compared to 402 from the previous session. Of the scrips traded 118 closed up, 266 closed down while 31 remained unchanged.
Total trades decreased by 20,309 to 164,817.
Value Traded decreased by 5.47 Billion to Rs.17.54 Billion
| Company | Volume |
|---|---|
| Unity Food(R) | 81,623,500 |
| Hascol Petroleum | 65,300,500 |
| Worldcall Telecom | 35,836,000 |
| Power Cement (R) | 31,221,000 |
| TRG Pakistan | 28,570,500 |
| Unity Foods | 26,787,000 |
| Pakistan International Bulk Terminal | 20,124,000 |
| Pak Elektron | 19,793,000 |
| Kot Addu Power Company | 15,669,500 |
| K-Electric | 13,515,500 |
| Sector | Volume |
|---|---|
| Vanaspati & Allied Industries | 108,410,500 |
| Technology & Communication | 78,904,300 |
| Oil & Gas Marketing Companies | 77,691,025 |
| Cement | 68,405,010 |
| Power Generation & Distribution | 32,878,812 |
| Engineering | 31,988,200 |
| Cable & Electrical Goods | 25,776,400 |
| Commercial Banks | 23,287,486 |
| Refinery | 21,842,000 |
| Transport | 20,832,700 |
Copyright Mettis Link News
