February 16, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
To meet yet another condition set by the International Monetary Fund (IMF), the federal government has finally raised gas prices by up to 67% for residential consumers, while fertilizer plants have been heavily affected, with prices increased by up to 700%. Read more
Amid an increasing trend in global oil prices, the government has raised the price of petrol and High-Speed Diesel (HSD) by Rs2.73 and Rs8.37 per litre, respectively, for the second fortnight in a row. Read more
Foreign currency deposits during January 2024 stood at $6.35 billion, depicting a decrease of 0.48% MoM, according to recently released SBP data on foreign currency deposits and their utilizations. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $12.5 million or 0.16% WoW to $8.06 billion during the week ended on February 09, 2024, according to the data released by the central bank on Thursday. Read more
Pakistan’s Large Scale Manufacturing Industries (LSMI) production surged by 15.69% MoM in December 2023 to stand at 132.87 compared to 114.85 in November 2023. Read more
The benchmark KSE-100 index slipped 1,134 points or 1.82% to close Thursday’s trading session at 61,020, the lowest level in almost two months. Read more
The Pakistani rupee (PKR) depreciated by 6.31 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 279.38 per USD, compared to the previous session's closing of PKR 279.32 per USD. Read more
The Pakistan Stock Exchange Limited (PSX) has carried out the Re-Composition exercise of the JS Global Banking Sector Index (JSGBKTI) as of December 29, 2023, according to a notice issued by the local bourse on Wednesday. Read more
Engro Powergen Qadirpur Limited (PSX: EPQL) revealed its earnings for 2023, wherein the profit after tax clocked in at Rs2.51 billion [EPS: Rs7.76] compared to a profit of Rs1.47bn [EPS: Rs4.54] in the same period last year (SPLY). Read more
The Oil and Gas Regulatory Authority (OGRA) has extended the provisional license for the establishment of an Oil Marketing Company (OMC) by Hi-Tech Lubricants Limited (PSX: HTL) until December 31, 2025. Read more
Food inflation and volatility in Pakistan have been high and exceed those in other neighbouring countries, highlighting the need to strengthen its food system. Read more
Meezan Bank Limited (PSX: MEBL) marked its most profitable year in 2023, achieving a profit of Rs58.91 billion [EPS: Rs47.72] by the end of the review period. Read more
Cherat Packaging Limited (PSX: CPPL) reported a substantial 69.58% YoY increase in profitability during the second quarter of fiscal year 2024, with the company's profit after tax surging to Rs71.99 million [EPS: Rs1.47]. Read more
Following a massive decline in the previous session driven by hotter-than-anticipated US inflation data, 24-karat gold price in the local bullion market increased by Rs300 to Rs211,100 per tola on Thursday. Read more
Telecard Limited (PSX: TELE) has entered into a Share Purchase Agreement (SPA) with Hallmark Company Limited for the sale and transfer of Telecard's entire shareholding in Supernet Limited. Read more
The currency in circulation within the economy till February 02, 2024, has increased by Rs10.63bn WoW to Rs8.52 trillion, according to provisional accounts on Monetary Aggregates for the week. Read more
The government of Pakistan has acquired an additional debt of Rs359.86 billion during the week ended February 02, 2024, which brings its total net borrowing for ongoing fiscal year 2024 to Rs2.7 trillion. Read more
Pakistan State Oil Company Limited (PSX: PSO) witnessed a significant increase in its losses, soaring fivefold year-over-year in the second quarter of FY24. Read more
Expanding its footprint in Pakistan's automotive sector, Sazgar Engineering Works Limited (PSX: SAZEW) has launched its first-ever Electric Vehicle (EV) car specifically for the local market. Read more
On Wednesday, the Board of Directors (BoD) of Media Times Limited (PSX: MDTL) authorized the company's management to explore the feasibility of a potential merger with any Real Estate company. Read more
Media Times Limited (PSX: MDTL) has successfully rectified its non-compliance with PSX Regulation 5.11.1. (e) by settling outstanding dues with the Exchange. Read more
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Posted on: 2024-02-16T06:00:00+05:00
