State Bank of Pakistan Injected Rs. 623/ Bn in a two day OMO. It Received bids for 1,289 Bn with Bids ranging of 6.30 to 6.03 %. Bid were accepted at 6.07%. Out of 33 bids, 16 were rejected.
This is the second OMO conducted this week, SBP has previously injected 1,374 Bn in a two day OMO on Monday Sept. 28.
December 04, 2020: Europe's leading stock markets opened mixed Friday, mirroring the performance in Asia.
London's benchmark FTSE 100 index gained 0.5 percent to 6,522.96 points.
In the eurozone, Frankfurt's DAX 30 index dipped 0.1 percent to 13,241.66 points and the Paris CAC 40 added 0.3 percent to 5,588.76.
AFP/APP
December 4, 2020 (MLN): At-Tahur Limited (PREMA) has been conferred with “Brand of The Year Award 2020” for the fastest growing brand in Milk & Yogurt category for the second consecutive year, by the governing body of Brands Foundation.
The Award Accreditation Council said that the company has satisfied all applicable requirements pertaining to Quantitative Consumer Survey, Qualitative Studies, expert panel analysis and current year market standing in its category, Company's notice to PSX revealed.
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December 4, 2020 (MLN): Despite rise in Covid-19 cases across the globe, Pakistan’s exports have shown a strong recovery.
Taking to its official Twitter handle, State Bank of Pakistan (SBP) on Friday said, “Pakistan's exports have surged a strong recovery notwithstanding a continued rise in global Covid-19 cases.”
The latest provisional exports figures for the month of November 2020, shared by Advisor to Prime Minister for Commerce and Investment earier this week, also indicate a rising trend of country’s exports as it clocked in at USD2.156 billion, which has been the highest monthly figure in November during last 10 years.
As per provisional figures for the month, significant growth has been witnessed in exports of Home Textile (20%) Pharmaceutical products (20%), Rice (14%), Surgical goods (11%), Stockings and Socks (41%), Jerseys & Pullovers (21%), Women’s Garments (4.3%) as compared to November 2019.
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December 04, 2020 (MLN): The export of animal casings from Pakistan to Japan has resumed after a ban of four years.
Taking to his Twitter handle, Advisor to PM for Commerce and Industries, Abdul Razak Dawood has commended the efforts made by Trade Section at Tokyo.
‘I advise our trade missions to actively engage the importers for promotion of Pakistan’s exports. I urge the exporters to take benefit of this opportunity and move full speed ahead’, he concluded.
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December 04, 2020 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation on Friday in which it injected Rs.715.60 Billion into the market for 7 Days.
| Amount* | Rate | Bids | |||||
|---|---|---|---|---|---|---|---|
| Tenor | Type | Offered | Accepted | High - Low | Accepted | Offered | Accepted |
| 7D | Reverse Repo (Injection) | 715.600 | 715.600 | 7.08 - 7.03 | 7.03 | 20 | 20 |
| OMO Settlement: same day December 04, 2020 | |||||||
| *Amount in Billions | |||||||
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