Daily Market News 28 December

daily market news

Link International Exchange Company (Pvt) Ltd. Your Money Matters Daily Market News Thursday, 28 December 2023 Govt raises Rs2 trillion from T-bills amid rate cut hopes

01) Treasury bill yields ended flat on Wednesday as investors weighed the prospects of lower inflation and interest rates in the coming year, while the government borrowed more than its target to restructure its domestic debt.

02) Pakistan’s current economic model is not working: World Bank Pakistan’s current economic model is not working since it has fallen behind its peers, significant progress in poverty reduction has now started to reverse, and the benefits of growth have accrued to a narrow elite, observes World Bank Country Director Najy Benhassine. TOMCL to expand, upgrade facilities

03) The Organic Meat Company Limited (TOMCL), a Pakistani meat processor, said on Wednesday it had approved a plan to expand and upgrade its production facilities to meet growing demand from international markets. Oil prices stabilise as Red Sea transport disruptions ease

04) Dec 28 (Reuters) – Oil prices steadied on Thursday after falling sharply in the previous session, as concerns eased about shipping disruptions along the Red Sea route even as tensions in the Middle East continued to rise.

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