
BAHAWALPUR










KARACHI, Jun 11 (APP): The State Bank of Pakistan (SBP) on Tuesday injected Rs 329.7 billion in the market through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operation (OMO).
The SBP conducted Open Market Operation through Reverse Repo Purchase (Injection) for a 3-day tenor and received 13 quotes amounting to Rs 239.7 billion offered at the rate of return ranging between 20.55 to 20.62 percent. The SBP accepted all the 13 quotes at 20.55 % rate of return.
The central bank also conducted Shariah Compliant Mudarabah based Open Market Operation for 3-day tenor, and accepted the only one quote amounting to Rs 90 billion received at 20.59% rate of return.
ISLAMABAD, Jun 11 (APP): The Mining and Quarrying sector has recorded a growth of 4.9 percent in the first nine months of the Financial Year 2024, against a dip of 3.3 percent during the same period last year.
According to the Economic Survey launched by Federal Finance and Revenue Senator Muhammad Aurangzeb, in the period of July to March FY 2024, the production of major minerals such as coal, chromite, iron ore, soapstone, magnesite, and marble increased by 37.7, 36.9, 63.9, 29.3, 34.4, and 23.2 percent, respectively.
However, some minerals experienced negative growth, including natural gas (-2.0 percent), dolomite (-2.1 percent), sulphur (-20.3 percent), barytes (-10.9 percent), and ocher (-24.8 percent).