June 24, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan has recorded a current account deficit of $270 million, the latest data issued by the State Bank of Pakistan (SBP) revealed today. Read more
In a major development, Hub Power Holdings Limited through its associated company, Mega Motor Company (Private) Limited, is entering into a new line. Read more
Pakistan recorded a Foreign Direct Investment (FDI) of $270.9m in May, compared to an FDI worth $155.7m in the Same Period Last Year (SPLY). Read more
Pak Rupee’s Real Effective Exchange Rate Index (REER) fell by 3.62% MoM in May 2024 to a provisional value of 100.67 from the revised value of 104.44. Read more
The benchmark KSE-100 Index closed at 78,810, with the Relative Strength Index (RSI) at 72.98. Read more
The World Bank’s Board of Executive Directors approved $535 million in financing for Pakistan to support two projects. Read more
In a notable development on Friday, the government of Pakistan signed an agreement with the Asian Development Bank (ADB). Read more
Pakistan stocks extended their record-breaking rally in a holiday-shortened week, driven by strengthened prospects for an International Monetary Fund deal. Read more
The Pakistan Stock Exchange All-Share market capitalization reached an all-time high level of Rs10.55 trillion during today’s intraday session. Read more
The country’s total textile exports increased by 11.27% YoY to $1.48bn in May 2024 compared to $1.33bn in May 2023. Read more
The import bill of the petroleum group increased to $1.36 billion in May 2024, marking a increase of 1.52% YoY compared to the import bill of $1.34bn. Read more
Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of The Hub Power Company Limited (PSX: HUBCO) at “AA+” for long term and “A1+”. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.94% WoW during the week ended June 20, 2024, while the SPI rose 23.78% YoY. Read more
The local mobile assembly and manufacturers have jointly produced 13.8 million mobile phones during the first five months of the ongoing fiscal year. Read more
In response to the Fruit Juice Council’s proposal to abolish the 20% Federal Excise Duty (FED) on packaged juices, the Senate Standing Committee. Read more
Arif Habib Limited (PSX: AHCL) has withdrawn the Public Announcement of Intention (PAI) for Millat Global Holdings Limited to acquire at least 76%. Read more
Engro Fertilizers has completed the largest-ever (55 days) scheduled maintenance activity of the EnVen Plant . Read more
The government of Pakistan has acquired an additional debt of Rs343.81 billion during the week ended June 07, 2024, which brings its total net borrowing. Read more
Automobile financing in Pakistan has dropped to Rs232.79bn in May 2024, witnessing a fall of 22.52% YoY as compared to Rs300.44bn recorded in May 2023. Read more
Minister of State for IT and Telecommunication, Shaza Fatima Khawaja said that the government seeks Huawei’s assistance in launching a one-stop service. Read more
The Competition Appellate Tribunal (CAT) has dismissed the appeals filed by electric cable manufacturers against the Competition Commission of Pakistan’s. Read more
Copyright Mettis Link News
Posted on: 2024-06-24T06:00:00+05:00
