economy News
ECC approves sale of 500,000 tons of wheat at reduced prices
The Economic Coordination Committee (ECC) approved the sale of 500,000 metric tons of wheat from state reserves at reduced reserve prices after an earlier auction attempt failed to attract sufficient bids, a move aimed at easing mounting storage costs and managing surplus stocks.
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OMO Result: SBP injects Rs435bn into market
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah-based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs425bn into the market, of which Rs75bn were injected through reverse repo OMO.
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Pakistan, Kazakhstan trade set to grow with new banking MoU
Meezan Bank (PSX: MEBL), Pakistan’s largest Islamic bank, and Bank CenterCredit (BCC), one of Kazakhstan’s leading financial institutions, have signed a Memorandum of Understanding (MoU) to strengthen correspondent banking relations.
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Pakistan’s $92bn external debt largely concessional
Pakistan’s external public (government) debt stands at about $92bn, of which nearly three-quarters is concessional and long-term, the Ministry of Finance said, disputing claims that the country is paying interest rates as high as 8% on its foreign borrowings.
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Pakistan, Philippines pledge stronger economic ties
Pakistan and the Philippines have agreed to enhance cooperation in multiple sectors during the second meeting of their Joint Economic Commission (JEC) held in Manila, reaffirmed their commitment to strengthening economic engagement through practical and result-oriented initiatives.
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 164,626.29 351.26M | -0.98% -1632.25 |
| ALLSHR | 98,999.23 613.73M | -0.76% -757.44 |
| KSE30 | 50,342.54 122.55M | -1.13% -575.33 |
| KMI30 | 229,014.43 138.56M | -1.61% -3757.33 |
| KMIALLSHR | 63,057.91 362.66M | -1.13% -722.77 |
| BKTi | 49,028.54 65.39M | -0.01% -2.61 |
| OGTi | 32,109.94 7.71M | -1.79% -583.79 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 66,185.00 | 67,760.00 64,325.00 | -1640.00 -2.42% |
| BRENT CRUDE | 71.88 | 71.96 70.69 | 0.12 0.17% |
| RICHARDS BAY COAL MONTHLY | 96.00 | 0.00 0.00 | -3.50 -3.52% |
| ROTTERDAM COAL MONTHLY | 107.95 | 107.95 107.95 | 0.30 0.28% |
| USD RBD PALM OLEIN | 1,071.50 | 1,071.50 1,071.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 66.60 | 66.67 65.38 | 0.12 0.18% |
| SUGAR #11 WORLD | 14.05 | 14.10 13.78 | 0.18 1.30% |
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