February 09, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
PSX's key benchmark KSE-100 index closed Wednesday's trading session at 64,143.87 showing an increase of 344.85 points or 0.54%. Read more
The Pakistani rupee (PKR) appreciated by 7.98 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 279.34 per USD, compared to the previous session's closing of PKR 279.42 per USD. Read more
The domestic bullion extended its rally as the price of 24-karat gold rose Rs400 per tola to Rs215,500 on Wednesday. Read more
Nadeem Nisar, who holds more than 10% shareholding in Pak Suzuki Motor Company (PSX: PSMC) has formally contested the delisting price of Pak Suzuki Motors shares, challenging its valuation and citing procedural irregularities. Read more
The Finance Ministry has laid out a comprehensive plan for presenting the Federal Budget for the financial year 2024-25. Read more
The Executive Committee of the National Economic Council (ECNEC) considered and approved various development projects worth Rs154.715 billion in various sectors on Wednesday. Read more
The official reserve assets, including foreign currency reserves, reserve position in funds, Special Drawing Rights (SDRs), gold, and other reserve assets, stood at $13.53 billion as of January, 2024. Read more
The Oil and Gas Regulatory Authority (OGRA) has approved Sui Southern Gas Company Limited (PSX: SSGC) and Sui Northern Gas Pipelines Limited (PSX: SNGPL) to increase gas prices for their consumers by 5% and 36% respectively for FY24. Read more
Pakistan State Oil Company Limited (PSX: PSO) has denied media reports claiming that the company has been granted exclusive rights for the import of High-Speed Diesel (HSD). Read more
The International Telecommunications Union (ITU) has appointed Dr Umar Saif to the Digital Innovation Board of the Innovation and Entrepreneurship Alliance for Digital Development. Read more
The Board of Directors (BoD) of Ferozsons Laboratories Limited (PSX: FEROZ) on Wednesday allowed its 80% owned subsidiary BF Biosciences Limited (BFBL) to raise additional financing through way of private equity, bank loans and/or potential initial public offering (IPO). Read more
The Sindh High Court (SHC) on Wednesday issued a restraining order against Sindh Bank, prohibiting any further sale of Clover Pakistan Ltd (PSX: CLOV) shares. Read more
Faysal Bank Limited (PSX: FABL) has recorded a substantial boost in its earnings for 2023 as the profit after tax stood at Rs20.247 billion [EPS: 13.34], compared to Rs11.438bn [EPS: 7.54] recorded in the Same Period Last Year (SPLY, reflecting a surge of over 77% YoY. Read more
Mari Petroleum Company Limited (PSX: MPCL) and Spud Energy Pty Limited (SEPL) have signed agreements today for the acquisition of 40% working interest in Zarghun South D&PL and 27.55% working interest in Nareli Block by MPCL from SEPL. Read more
The Federal Cabinet has approved the proposals regarding de-regulating the prices of medicines not included in the National List of Essential Medicines. Read more
Copyright Mettis Link News
Posted on: 2024-02-09T06:00:01+05:00
