Daily Market News 29 November

Online money transfer services

Daily Market News 29 November

Three ordinances to meet IMF terms
The caretaker government has decided to promulgate three ordinances to meet some conditions of
the International Monetary Fund (IMF).

More hike in power tariffs opposed
The World Bank (WB), Tuesday, while pushing for a policy shift for sustainable and viable power
reforms, has opposed the idea of further increasing the power tariff, saying that the authorities need
to reduce line losses and improve recovery.

ADB approves $180m loan for water, sewerage facilities in Punjab
The Asian Development Bank (ADB) has approved a $180 million loan to improve water supply and
solid waste management services in two rapidly growing cities in Punjab.

Oil settles up 2%; focus on OPEC+, storm-hit Kazakh output
NEW YORK, Nov 28 (Reuters) – Oil prices jumped on Tuesday, settling up about 2% on the
possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil output and
a weaker U.S. dollar.

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