PakStox Outlook

Service Global Footwear Ltd. (PSX:SGF) - Full Year Financial Results (Dec 2022)  SGF announced another cash dividend of Rs. 1/- per share for the year ending December 2022, in addition to the Rs. 2.5 per share already distributed as an interim dividend. This is a good payout. EPS for the year ending December 2022 was Rs. 1.67, declining 15% from last year. 

Nasdaq 100 rises 20% from December low to enter bull market for the first time in nearly three years on the back of tech stocks.  read The European Union has removed Pakistan from its list of high-risk countries. This move is expected to improve conditions for business activity.  Al Jazeera Pakistan's National Assembly passed a bill , aimed at the discretionary powers of Chief Justice of Pakistan including the powers to take suo motu notices. Read

The State Bank of Pakistan's Roshan Digital Account (RDA) helps overseas Pakistanis open and operate digital bank accounts in Pakistan. The initiative was launched in September 2020 and has since then been providing a range of benefits to overseas Pakistanis. Here are some of the ways in which RDA is helping overseas Pakistanis:

The International Monetary Fund has made several agreements with Pakistan over the years. Here's a brief on the latest ones. The current, Extended Fund Facility (EFF) Arrangement (2019-2023) : The IMF approved this program in July 2019. It gives Pakistan $6 billion in financial assistance. The goal is to support Pakistan's economic reform program and help with the country's balance of payments problems.

Saudi Aramco ( ARAMCO:AB ) plans to build a $10-billion refining and petrochemical complex in China , having a capacity of 300,000 barrels of crude per day, in order to take advantage of the country’s growing fuel and chemical demand. The project is to be completed by 2026. Read More. WTI crude futures held around $73 per barrel on Tuesday after jumping more than 5% in the previous session as a legal dispute halted around 400,000 barrels a day of oil exports from the Ceyhan port in Turkey, tightening the market. China logistics activity still trails the levels of the last two years, dragged down by continued weak overseas demand. Logistics remained around 20% below 2021 and 2022 levels, reflecting weak export demand that will continue to weigh on industries.    Fitch Ratings.