January 24, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Pakistan Stock Exchange (PSX) conducted an auction on Tuesday for the sale of Government of Pakistan Ijara Sukuk (GIS) bonds, raising Rs87.79 billion against the Rs100bn target set for GIS Variable Rental Rate (VRR) and GIS Fixed Rental Rate (FRR) and GIS FRD. Read more
The State Bank of Pakistan (SBP) has introduced a Centralized Foreign Exchange (FX) Trading Platform called ‘FX Matching’ for the interbank FX market with effect from January 29, 2024. Read more
The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) will meet on Monday, January 29, 2024 to decide about the Monetary Policy. Read more
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is widely expected to maintain its policy stance of keeping the interest rate unchanged at 22% in the upcoming meeting, as inflation expectations are on a downward path amid easing food and energy prices. Read more
The Hub Power Company Limited (PSX: HUBC) and K-Electric (PSX: KE) signed a Memorandum of Understanding (MOU) to explore the opportunity for potential conversion of HUBCO’s RFO-based Hub Power Plant to Thar coal. Read more
The benchmark KSE-100 index closed Tuesday's trading session at 64,454.22 showing an increase of 514.81 points or 0.81%. Read more
The federal cabinet on Tuesday rejected the Power Division's proposal to collect Rs600 billion annually, according to the sources. Read more
The nation's sesame exports have surged exponentially to $407 million in 2023, propelling Pakistan to the 5th position among major sesame-exporting nations, with over 80% of exports absorbed by China. Read more
Pakistan’s government under Nawaz Sharif’s party had the best performance in managing the economy over the past three decades compared with rivals, according to an analysis by Bloomberg Economics. Read more
The shareholders of Merit Packaging Limited (PSX: MERIT) have resolved to dispose of the land and factory building (assets) located at Korangi Industrial Township, Karachi for an aggregate sale consideration of around Rs1.55 billion. Read more
The Pakistani rupee (PKR) appreciated by 5.82 paisa against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 279.79 per USD, compared to the previous session's closing of PKR 279.85 per USD. Read more
Domestic Bullion pared most of yesterday's losses, with 24-karat gold being sold at Rs215,200 per tola showing a gain of Rs500. Read more
Fauji Foods Limited (PSX: FFL) reported its profit and loss statement, wherein the profit after tax clocked in at Rs605.11 million [EPS: Rs0.26] compared to a loss of Rs2.17 billion [LPS: Rs1.37] recorded in the same period last year (SPLY). Read more
Copyright Mettis Link News
Posted on: 2024-01-24T07:39:34+05:00
