【Daily】3 Oct. Brief of Pak BizNews
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KSE 100 41,129 ▲0.28% KMI 30 67,463 ▲0.25% KASB Tech Index 466 ▲2.01%
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National News
Petrol price cut by Rs12.63 per litre, diesel Rs12.13 Federal Finance Minister Ishaq Dar on Friday announced a reduction in POL prices — petrol by Rs12.63 per litre and High-Speed Diesel by Rs 12.13 per litre — with effect from October 1, 2022. https://e.thenews.com.pk/detail?id=133128
US provides $132m in debt relief to Pakistan Washington on Friday rolled over an agreement to suspend service payments on $132 million of Pakistan’s debt, the U.S. embassy in Islamabad said, after devastating floods exacerbated the South Asian nation’s economic crisis. https://e.thenews.com.pk/detail?id=133132
March 2023: $2bn SAFE China deposits rollover sought Pakistan has sought rollover of SAFE China deposits of $ 2 billion in March 2023. Nong Rong, ambassador of the People’s Republic of China called on Federal Minister for Finance and Revenue Senator Ishaq Dar, here at the Finance Division. https://www.brecorder.com/news/40200746/march-2023-2bn-safe-china-deposits-rollover-sought
Govt shelves plan to regulate DAP imports Apparently under pressure from the fertiliser industry, the federal government has reversed its decision of regulating the import of di-ammonium phosphate (DAP) by linking it with the approval of the Trading Corporation of Pakistan (TCP). https://www.dawn.com/news/1713021/govt-shelves-plan-to-regulate-dap-imports
Inflation falls in September, remains at 13-year high The pace of price rises slightly dipped in September, bringing down the annual inflation rate to 23.2 per cent, a figure still the highest in 13 years and also way above 9pc in the same month a year ago, official data showed on Saturday. https://www.dawn.com/news/1713028/inflation-falls-in-september-remains-at-13-year-high
Tax collection jumps, returns filing date extended The Federal Board of Revenue (FBR) collected Rs1.635 trillion in the first quarter of the current fiscal year, exceeding the Rs1.609tr target by Rs26bn, showed provisional data released on Friday. https://www.dawn.com/news/1712848/tax-collection-jumps-returns-filing-date-extended
OPEC+ to meet in Vienna for the first time since 2020 The OPEC+ oil cartel will meet in Vienna next week for the first time since Covid curbs were introduced in 2020, the organisation said Saturday. https://www.thenews.com.pk/print/996326-opec-to-meet-in-vienna-for-the-first-time-since-2020
CPHGC seeks revision in Nepra’s coal price notification China Power Hub Generation Company (CPHGC) has sought revision in coal price notification of the National Electric Power Regulatory Authority (NEPRA) to reimburse part of local procurement as international coal prices are now less than local coal. https://www.brecorder.com/news/40200869/cphgc-seeks-revision-in-nepras-coal-price-notification
330MW Thar-coal power complex achieves commercial operation Thar Energy Limited (TEL) would achieve commercial operation of its 330MW mine-mouth Thar-coal based power complex on Saturday, October 1, 2022, a bourse filing said. https://e.thenews.com.pk/detail?id=133336
Surge in prices of perishables drags SPI back up 0.94pc WoW Sensitive price indicator (SPI) inflation jumped back up 0.94 percent week-on-week and 30.62 percent year-on-year during the seven-day period ended September 29, following surge in onion and tomato prices. https://e.thenews.com.pk/detail?id=133330
ECC approves DTP on imported urea at Rs2,150/bag The Economic Coordination Committee on Friday approved the dealer transfer price of 50kg imported urea bag at Rs2,150 and incidental charges of Rs620.47 per bag, with sharing subsidy at 50:50 basis with provinces. https://e.thenews.com.pk/detail?id=133334
Commodities and Currency: 1-Day Change
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