Pre-Trading Thoughts

Remittances hit a record high in FY2021/22, rising 1.6% YoY to USD31.9 billion. During the period from April through June 2022, remittances increased by 3% YoY to record about USD8.3 billion. GASC bought 240,000 tons of Russian wheat directly from suppliers for delivery in September, October, and November. Minister of Trade and Industry will hold a meeting with the CBE Acting Governor to discuss the most prominent problems facing the industrial sector. The Ministry of Supply obligated r...