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Market Update:

Pakistan's Policy Rate Reduction
MPC Reduces Policy Rate
The Monetary Policy Committee (MPC) has reduced the policy rate by 150bps.

New Policy Rate
The new policy rate is 20.5%.

Economic Impact
This reduction aims to stimulate economic growth and reduce borrowing costs.

For more information, you can refer to the State Bank of Pakistan website.

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*India's Strategic Gold Investment in May 2024*
India Becomes Third Largest Gold Buyer
It has made a significant investment in gold. According to reports, India became the third-largest buyer of gold in May 2024.

*Gold Worth $86.5 Million Purchased*
India bought gold worth $86.5 million. This marks the biggest gold purchase by any country after Switzerland and China in May 2024.

*Strategic Move for the Future*
While some countries focus on dollar reserves, India invests in gold. This strategic move aims to secure a stable economic future.

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The Pakistan Stock Exchange (PSX) has announced a progressive enhancement of security-wise circuit breakers (CBs). As per the amendments approved by the Securities and Exchange Commission of Pakistan (SECP). This enhancement, scheduled to begin on May 27, 2024, and conclude by July 22, 2024, aims to gradually increase the CBs by 0.5% every fortnight until they reach a 10% threshold. The detailed implementation plan and its implications for market participants are crucial to understand for effective trading and compliance.

Impact on Stock Prices

The enhancement of CBs will directly impact the permissible price range for stocks. For instance, consider a stock priced at Rs. 30 per share:

Current Situation: With a 7.5% CB, the upper cap would be...
https://ddchronicles.com/circuit-breakers-at-psx/

Why Bank Accounts are Getting Blocked in Pakistan?

Many people believe that the Federal Investigation Agency (FIA) is responsible for blocking or freezing bank accounts in Pakistan. This is a misconception. The FIA cannot track individuals and their transactions on a day-to-day basis. The FIA typically handles significant cases and does not involve itself in smaller matters unless necessary.

Common Reasons for Account Blocking

1. Basic Bank Accounts (BBA)
2. Chain Disputes
3. Dealing with the FIA

Why Bank Accounts are Getting Blocked in Pakistan? – DDC Why bank accounts are getting blocked? What can you do to avoid them? How to get your account back if it has been blocked?