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European stocks open steady before BoE updates

August 5, 2021: European stock markets steadied at the open Thursday following a similar showing in Asia and as investors awaited a key monetary policy update from the Bank of England.

London's benchmark FTSE 100 index fell 0.2 percent to 7,110.93 points.

In the eurozone, Frankfurt's DAX 30 index was flat at 15,692.93 points and the Paris CAC 40 won 0.2 percent to 6,757.47.

The Bank of England updates on its monetary policy and forecasts Thursday with eyes on the inflation outlook as surging prices worldwide pose a threat to economic recovery.

Investors are also closely monitoring any economic impact caused by the fast-spreading Delta variant of the coronavirus.


IRSA releases 339800 cusecs water

August 5, 2021: Indus River System Authority (IRSA) Thursday released 339800 cusecs water from various rim stations with inflow of 430687 cusecs.

According to the data released by IRSA, water level in the Indus River at Tarbela Dam was 1532.00 feet, which was 140.00 feet higher than its dead level 1392 feet. Water inflow and outflow in the dam was recorded as 276700 and 196500 cusecs respectively.

The water level in the Jhelum River at Mangla Dam was 1196.05 feet, which was 146.00 feet higher than its dead level of 1050 feet whereas the inflow and outflow of water was recorded as 44787 and 10,000 cusecs respectively.

The release of water at Kalabagh, Taunsa and Sukkur was recorded as 225764, 319954 and 202170 cusecs respectively. Similarly, from the Kabul River a total of 52700 cusecs of water was released at Nowshera and 80500 cusecs released from the Chenab River at Marala.


OMO Result: SBP Injects Rs.110.00 Billion for 1 Day

August 05, 2021 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation on Thursday in which it injected Rs.110.00 Billion into the market for 1 Day.

Summary of OMO Result

TenorTypeOfferedAcceptedHigh - LowAcceptedOfferedAccepted
1DReverse Repo (Injection)222.100110.0007.21 - 7.157.2142
Total amount offered at 7.21% was Rs. 152,000.00 Mio out of which SBP accepted R.s. 110,000.00 Mio on pro-rata basis.
OMO Settlement: same day August 05, 2021
*Amount in Billions


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Govt to impose Withholding tax on online markets from...

August 5, 2021 (MLN): The Fed­eral Board of Revenue (FBR) has issued a notification for the imposition of withholding tax on online markets that shall be effective from September 1, 2021.

On Wednesday, FBR announced this decision through a notice “SRO984-2021”

In the budget 2021-22, the government had proposed a withholding tax at the rate of 2% of the gross value of supplies made by persons other than active taxpayers.

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ATRL re-appoints Mr. M. Adil Khattak as CEO

August 5, 2021 (MLN): Attock Refinery Limited (ATRL) has re-appointed Mr. M. Adil Khattak as Chief Executive Officer (CEO) of the company, with effect from July 18, 2021 for the period ending on December 31, 2021.

The aforesaid information was disseminated by the company through notice to Exchange.

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