【Daily】30 Mar. Brief of Pak BizNews
KSE 100 44,438.70 ▲ 1.15%
KMI 30 72,066.84 ▲ 1.63%
KASB Tech Index 396.54 ▲ 0.85%
KASB Market View
· The KSE-100 index added 505.14 points stemming from a significant decline in commodity prices as well as positive news regarding the political situation in the country.
· Technology and communication sector remained on top with a total volume traded of 54.9mn shares, followed by cement with the volume of 22.9mn
Foreign investors pull out $397mn from capital market in March
Pakistan’s capital market outflows have touched a two-year high in the ongoing month of March, as investors pulled out $397 million on account of political uncertainty, rupee volatility, and troubles with the International Monetary Fund (IMF) review.
Circular debt for major sectors swells to Rs4.5tn in last 40 months
Thanks primarily to the flawed policies, gross inefficiencies, and stark mismanagement of the economy on the part of the PTI-led government during the last 40 months of its rule, the menace of the toxic circular debt is now not limited to the power sector alone.
As Ukraine sowing season starts, fuel shortages threaten food supply
Bahate, Ukraine: In an endless field in southwest Ukraine, farmers began to plant sunflower seeds at the start of the sowing season, but a fuel shortage threatens production in the war-torn country, whose land feeds millions around the world.
EDF: ECC approves Rs4.5bn supplementary grant
The Economic Coordination Committee (ECC) of the Cabinet has approved Rs 4.5 billion supplementary grant for the Export Development Fund (EDF) during the current fiscal year.
Finance ministry releases report: Intensity of risks may hit domestic economic activities
The exports from the country during the month of March 2022 are expected to continue their upward trend, backed by the export-oriented policies that have been implemented in the recent past, finance ministry said in a report.
PRs for SME financing amended: Five-year-old small, medium enterprises to be considered startups: SBP
The State Bank of Pakistan (SBP) has amended the Prudential Regulations for SME financing and now a small enterprise and medium enterprise up to 5 years old will be considered as startup.
Commodities and Currency: 1-Day Change