February 20, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The benchmark KSE-100 index ended Monday's trading session at 60,459.75 showing an increase of 586.79 points or 0.98%. Read more
The Pakistani rupee (PKR) appreciated by 0.46 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 279.36 per USD, compared to the previous session's closing of PKR 279.36 per USD. Read more
Having previously held the position as the leading foreign investor in Pakistan every month, China has now transitioned to divesting $254.9 million as of January 2024. Read more
The country's total textile exports registered an increase of 4.29% MoM to $1.37bn in January 2024 compared to $1.32bn recorded in the previous month. Read more
Pakistan recorded a Foreign direct disinvestment of $173.2 million in January compared to a direct investment of $211.1m observed in December 2023. Read more
Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during January FY24, followed by Qatar, Saudi Arabia, and U. A. E. Dubai. Read more
The import bill of the petroleum group stood at $1.43 billion in January 2024, marking an increase of 15.65% MoM compared to the import bill of $1.24bn recorded in December 2023. Read more
Pak Rupee's Real Effective Exchange Rate Index (REER) increased by 2.91% MoM in January 2023 to a provisional value of 101.7 from the revised value of 98.83 in December 2023. Read more
The close outcome of Pakistan’s election and resulting near-term political uncertainty may complicate the country’s efforts to secure a financing agreement with the IMF, to succeed the Stand-By Arrangement (SBA) expiring in March 2024. Read more
The service sector of Pakistan posed a trade deficit of $317 million in January, reflecting an increase of 2.48x MoM, as compared to a deficit of $128m recorded in the previous month. Read more
Pakistan has recorded a current account deficit of $269 million largely due to a decline in exports and an increase in imports. Read more
In a noteworthy development, the segregation plan of Pakistan International Airlines Corporation Limited (PSX: PIAA) has been approved. Read more
Domestic Bullion Market continued upon its gains incurred in the last session of the previous week as the price of 24-karat gold rose by Rs1,100 per tola to Rs214,300 per tola on Monday. Read more
The Oil and Gas Development Company Limited (PSX: OGDC) has made a significant gas-condensate discovery from its exploration efforts at Kharo-1, a well drilled in the Khewari exploration license area, located in District Khairpur, Sindh Province. Read more
Copyright Mettis Link News
Posted on: 2024-02-20T08:08:00+05:00
