February 07, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The federal cabinet has approved the restructuring of Pakistan International Airlines (PIA) on the recommendation of the Privatization Commission. Read more
The State Bank of Pakistan (SBP) conducted an auction on Tuesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual and quarterly worth Rs344.935 billion for 2, 3, 5 and 10 years against a target of Rs280bn. Read more
The Central Bank conducted an auction on Tuesday in which it sold Market Treasury Bills (MTBs) worth Rs63.84 billion for 3,6 and 12 months against a target of Rs480bn. Read more
In response to the petition filed by the Sui Southern Gas Company Limited (PSX: SSGC) to rework the RLNG cost of service, the Oil & Gas Regulatory Authority (OGRA) has recalculated the RLNG cost to be Rs14.680 billion (equivalent to Rs33.52/MMCF or Rs31.77/MMBTU) for FY24. Read more
The benchmark KSE-100 index closed Tuesday's trading session at 63,799 showing an increase of 796.10 points or 1.26%. Read more
The Pakistani rupee (PKR) depreciated by 1.23 paisa against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 279.42 per USD, compared to the previous session's closing of PKR 279.41 per USD. Read more
Pakistan's prospects for attaining higher credit ratings hinge on the outcome of this week's elections and whether the resulting government can advocate for rigorous reforms, according to S&P Global Ratings. Read more
Pakistan Stock Exchange Limited (PSX) has informed today that International Packaging Films Limited has applied for revalidation of PSX approval earlier granted on September 23, 2021, to the listing application and the Draft Prospectus on the Main Board of PSX. Read more
Cement dispatches declined by 14.79% YoY in January 2024, as the total dispatches stood at 3.414m tons against 4.006m tons dispatched during the same month of last fiscal year, said a press release issued by All Pakistan Cement Manufacturers Association (APCMA). Read more
MCB Bank Limited (PSX: MCB) has recorded its highest-ever profit of Rs65.271 billion [EPS: Rs54.94] for the year ended December 31, 2023, as compared to the Rs34.45bn [EPS: Rs34.45] profit recorded in the same period last year (SPLY). Read more
Attock Refinery Limited (PSX: ATRL) has recorded a substantial increase in its earnings for 1HFY24, wherein the profit after tax clocked in at Rs17.56 billion [EPS: Rs164.7]. Read more
The long-awaited negotiations between the government and the International Monetary Fund (IMF) regarding the settlement of the energy sector's circular debt have started. Read more
National Refinery Limited (PSX: NRL) has reported a loss after tax of Rs4.653 billion [LPS: Rs58.19] in 1HFY24, down by 15.15% YoY. Read more
The Board of Directors (BoD) of Pakistan Petroleum Limited (PSX: PPL) on Saturday approved the funding of the Government of Balochistan (GoB)'s share of capital contribution to the BLZ Project. Read more
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Posted on: 2024-02-07T08:38:49+05:00
