January 15, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The government is expected to cut petrol prices by another Rs5.5 per litre for the second half of January, passing on the benefits of lower global oil prices to consumers. Read more
To address the persistent issue of circular debt in the energy sector, the Privatization Commission, in consultation with the Power and Petroleum authorities, has decided the exclude the Nandipur and Guddu power plants from the privatization list. Read more
The benchmark KSE-100 index closed this week at 64,638 showing an increase of 123 points or 0.19% WoW. Read more
The Pakistani rupee (PKR) marked its 9th consecutive weekly victory by appreciating 1.04 rupees against the US dollar this week to settle at PKR 280.36, as compared to the previous week's closing of PKR 281.4 per USD. Read more
Pakistan's weekly inflation rose for the third consecutive week, with the Sensitive Price Indicator (SPI) for the Combined Group increasing by 1.36% WoW during the week ended January 11, 2024. Read more
Lucky Core Ventures (Private) Limited, a wholly-owned subsidiary of Lucky Core Industries Limited (PSX: LCI), has terminated the Share Purchase Agreement with Lotte Chemical Pakistan Limited (LOTCHEM) for the acquisition of 75.01% of the issued capital or 1.136 billion shares of LCPL. Read more
Domestic bullion experienced a slight uptick on Friday, as the price of 24-karat gold in Pakistan went up Rs200 per tola to Rs216,500. Read more
Pakistan Credit Rating Agency Limited (PACRA) has assigned a preliminary rating of "A+" for the long-term and "A1" for the short-term to Pak Elektron Limited (PSX: PAEL’s) debt instrument. Read more
Ghani Chemical Industries Limited (PSX: GCIL) has utilized the right subscription amount of Rs1.911 billion against the fund allocated worth Rs2.561bn. Read more
Treet Corporation Limited (PSX: TREET) has requested the Pakistan Stock Exchange (PSX) to issue a No Objection Certificate (NOC) for the release of its right subscription amount. Read more
The Board of Directors of First Paramount Modaraba (PSX: FPRM) have decided to incorporate a wholly owned subsidiary of Paramount Compliance (Private) Limited in the United Kingdom (UK). Read more
The government on Friday set the minimum export price for onions and shallots at $1,200 per metric ton, according to a notification issued by the Ministry of Commerce. Read more
While allowing for an immediate disbursement of around $700 million to Pakistan, the International Monetary Fund (IMF) on Thursday stated that the economic activity has stabilized although the outlook remains challenging and dependent on the implementation of sound policies. Read more
The Securities and Exchange Commission of Pakistan (SECP) has issued the draft of proposed amendments to the Non-Banking Finance Companies (Establishment & Regulations) Rules, 2003, to solicit public comments. Read more
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Posted on: 2024-01-15T06:01:00+05:00
