February 02, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan's trade deficit for the first seven months of fiscal year 2023-24 (7MFY24) improved significantly by 38.8% YoY to $12.244 billion as compared to a deficit of $20.005bn in 7MFY23. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) dropped by $54 million or 0.65% WoW to $8.22 billion during the week ended on January 26, 2024. Read more
The outcome of the meeting was notably positive and the matter has been moved to the Cabinet for further approvals, hinting at potential progress in addressing the company's debt burdens. Read more
The Pakistani rupee (PKR) appreciated by 2.27 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 279.48, as compared to the previous day's closing of PKR 279.5 per USD. Read more
The domestic equity market maintained its upward momentum for the second consecutive session, with the benchmark KSE-100 index closing Thursday's trading session at 62,393.74, reflecting an increase of 414.56 points or 0.67%. Read more
The consumer price index (CPI) for January 2024 clocked in at 28.34% YoY, compared to 29.7% YoY in the last month and 27.6% YoY in January 2023. Read more
Mari Petroleum Company Limited (PSX: MARI) has successfully drilled and tested the Mari Deep-20 well in the Goru-B formation as part of the field development activities in the Mari D&PL area. Read more
The management of Kohat Cement Company Limited (PSX: KOHC) has announced the successful completion of the BMR (pyro process optimization) for the existing 6,700 TPD grey cement production line located in Kohat, KPK. Read more
Domestic bullion witnessed a positive session on Thursday as the price of 24-karat gold increased by Rs800 per tola to reach Rs216,300. Read more
The first half of FY24 proved to be an exceptional year for Pakistan Refinery Limited (PSX: PRL), with the company reporting a phenomenal increase in profit after tax, which stood at Rs6.51 billion [EPS: Rs10.33]. Read more
Bank Alfalah Limited (PSX: BAFL) achieved its highest-ever profitability for the year ending 2023, with a recorded profit of Rs36.09 billion [EPS: Rs23.15], compared to the previous year's profit of Rs18.4bn [EPS: Rs10.38] reported in the same period last year (SPLY). Read more
The Pakistan Stock Exchange Limited has conducted the KSE-30 Index Re-composition exercise for the review period from July 01, 2023, to December 31, 2023. Read more
The Oil and Gas Regulatory Authority (OGRA) has increased the price of Liquefied Petroleum Gas (LPG) by Rs1.17 per kg. Read more
Finally, the long-awaited Tight Gas (Exploration & Production) Policy 2024 has been made public by the government. Read more
The State Bank of Pakistan (SBP) decided to maintain the rate of remuneration for February 2023 on the Special Cash Reserve Account (US$) at 4.33%. Read more
The Federal Board of Revenue (FBR) fell short of its target in January 2024, collecting Rs681 billion instead of the targeted Rs690bn, resulting in a Rs9bn shortfall for the month. Read more
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Posted on: 2024-02-02T07:55:28+05:00
