January 22, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Ensuring the protection of shareholders' rights serves as the foundation for business success. However, when access to these rights is restricted for minority shareholders, it leaves a sour taste that repels corporate cream from the local stock exchange over time. Read more
The International Monetary Fund (IMF) has asked for another gas tariff adjustment under the Oil and Gas Regulatory Authority (OGRA)'s December 2023 determination till February 15, 2024. Read more
The government has agreed on contingency revenue measures with the International Monetary Fund (IMF), which includes imposing a federal excise duty (FED) of Rs5 per kilogram on sugar to generate additional revenue of Rs8 billion per month during 2023-24. Read more
Domestic Bullion extended its downturn for the third consecutive week as the price of 24-karat gold dropped by Rs2,150 per tola to Rs215,300. Read more
The International Monetary Fund (IMF) has revised the inflation forecasts, projecting CPI to average 24% in FY24 from an earlier projection of 25.9% amid easing food and energy prices. Read more
The Pakistani rupee (PKR) sustained its upward momentum this week and gained a marginal 46 paisa to settle at PKR 279.9, as compared to the previous week's closing of PKR 280.36 per USD. Read more
Automobile financing in Pakistan dropped to Rs251.25 billion in December 2023, witnessing a decline of 25.55% YoY and 2.26% MoM compared to Rs333.747bn in December 2022 and Rs257.06bn in November 2023, respectively. Read more
The benchmark KSE-100 index closed the week at 63,282 showing a decrease of 1,355 points or 2.1% WoW. Read more
Pakistan's weekly inflation rose for the fourth consecutive week, with the Sensitive Price Indicator (SPI) for the Combined Group increasing by 0.34% WoW during the week ended January 18, 2024. Read more
Pakistan's revised trade deficit for December clocked in at $1.83 billion compared to a deficit of $1.97bn from the previous month, improving by 7% MoM. Read more
The currency in circulation within the economy till January 05, 2024, has increased by Rs188.1bn WoW to Rs8.6 trillion, according to provisional accounts on Monetary Aggregates for the week. Read more
Stylers International Limited (PSX: STYLERS) is all set to be listed on the Pakistan Stock Exchange Limited (PSX) from Monday, January 22, 2024, at the opening price of Rs43.87 per share. Read more
The government of Pakistan has acquired an additional debt of Rs292.7 billion during the week ended January 05, 2024, which brings its total net borrowing for ongoing fiscal year 2024 to Rs2.49 trillion. Read more
Mari Petroleum Company Limited (PSX: MARI) has successfully drilled and tested the second appraisal well in the Ghazij formation in the Mari Development and Production Lease (D&PL), Sindh. Read more
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Posted on: 2024-01-22T04:06:05+05:00
