March 07, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The newly elected Prime Minister Shehbaz Sharif has directed the Privatization Ministry to present the final schedule of the implementation of the privatization of the Pakistan International Airlines Corp (PSX: PIAA). Read more
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs526.98 billion for 3,6 and 12 months against a target of Rs225bn. Read more
The Central Bank sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual during an auction held yesterday, worth Rs65.25 billion for 5 and 10 years against a target of Rs70bn. Read more
The Securities and Exchange Commission of Pakistan (SECP) has filed four criminal complaints against individuals involved in manipulating stock prices, including sponsors and brokerage house management. Read more
The total money supply circulating within the economy till January 2023 has been recorded at Rs35.58 trillion. Read more
The benchmark KSE-100 index ended Wednesday's trading session at 65,656.62 showing a decrease of 69.42 points or 0.11%. Read more
The Pakistani rupee (PKR) continued its downturn for the fourth consecutive session, depreciating by paisa against the US dollar in Wednesday's interbank session to settle at PKR 279.35 per USD, compared to the previous session's closing of PKR 279.31 per USD. Read more
Egypt devalued its currency, allowing it to weaken around 35%, following a massive interest-rate hike by a country embroiled in its worst economic crisis in decades. Read more
Pakistan and Iran have initiated the construction of the multi-billion-dollar oil and gas pipeline, spanning 800 kilometres from the Iranian border to Pakistan’s port city of Gwadar. Read more
The name of First Dawood Investment Bank Limited (PSX: FDIBL) has been changed to First Dawood Properties Limited. Read more
The total deposits held by scheduled banks have moved up by 21.66% YoY to Rs27.89 trillion in February 2024 compared to Rs22.92tr in February 2023. Read more
Muzzammil Aslam has been nominated for the post of Advisor to the Chief Minister of Khyber Pakhtunkhwa. Read more
The domestic bullion market extended its upward trend for the sixth consecutive session, with 24-karat gold rising by Rs1,500 per tola to reach Rs225,400 on Wednesday. Read more
Shell Pakistan Limited (PSX: SHEL) unveiled its profit and loss statement for 2023, wherein the profit after tax clocked in at Rs5.85 billion [EPS: Rs23.34], a significant leap from a loss of Rs72.3 million [LPS: Rs0.34] recorded in the same period last year (SPLY). Read more
The government has decided to ban the export of bananas and onions till the end of Ramadan to control prices in the domestic market. Read more
In the realm of IT and Telecom collaborations between the Kingdom of Saudi Arabia and Pakistan, the strong presence of Pakistan at LEAP 2024 in Riyadh underscores the potential for even stronger ties in the future. Read more
The government is targeting to raise Rs3.65 trillion during the next three months (March-May) of FY24, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate. Read more
The management of Indus Motor Company Limited (PSX: INDU) decided to close its production plant from March 6, 2024, to March 11, 2024. Read more
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Posted on: 2024-03-07T06:40:18+05:00
