March 18, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Prime Minister Shehbaz Sharif has assigned the portfolio of Power to Sardar Awais Ahmad Khan Leghari in place of the portfolio of Railways. Read more
The benchmark KSE-100 index closed this week at 64,816 showing a decrease of 977 points or 1.49% WoW. Read more
The Pakistani rupee (PKR) appreciated by 29.4 paisa against US dollar in interbank market this week, settling at PKR 278.74 per USD, compared to the previous week's closing of PKR 279.04 per USD. Read more
The domestic bullion market snapped its two-week-long upward journey as the price of 24-karat gold dropped by Rs2,700 per tola this week to close at Rs227,500. Read more
Pakistan's revised trade deficit for February clocked in at $1.74 billion compared to a deficit of $1.98bn from the previous month. Read more
Pakistan’s Large-scale Scale Manufacturing Industries (LSMI) production increased by 1.84% YoY in January 2024 to stand at 132.43 compared to 130.03 in January 2023. Read more
The country’s overall nutrient offtake grew 8.6% YoY to 390,000 tons during February 2024 as compared to an offtake of 359,000 tons in the same month last year. Read more
Automobile financing in Pakistan has dropped to Rs242.95 billion in February 2024, witnessing a decline of 25.44% YoY and 1.34% MoM compared to Rs325.86bn in February 2023 and Rs246.26bn in January 2024. Read more
The government’s plan to reduce the power tariff at 9 cents/kWh for industrial consumers will not be approved by the International Monetary Fund (IMF) as the fund is reluctant to subsidize electricity for industries. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.35% WoW during the week ended March 14, 2024, while the SPI rose 32.89% YoY compared to the corresponding period from last year. Read more
Special Investment Facilitation Council (SIFC) is now functioning as an efficient and productive mechanism to ensure that foreign investors are able to benefit from investment opportunities in Pakistan’s key sectors i.e. agriculture, I.T., mining and minerals as well as renewable energy. Read more
In line with the vision of the Prime Minister of Pakistan to transform Federal Board of Revenue (FBR) into a Digital Tax Administration, FBR has entered into an agreement with Karandaaz Pakistan for the Digitalization of Tax System. Read more
The Pakistan Stock Exchange Limited has conducted the Re-composition exercise of the KSE-100 Index from September 2023 to February 2024. Read more
The State Bank of Pakistan has categorically denied news reports about issuance of Polymer Banknotes Series. Read more
The federal government has decided to keep the price of petrol unchanged at Rs279.75 per litre, said a notification issued by the Finance Division. Read more
MG's Weekly Corporate Buzz provides the reader with a concise recap of the latest corporate news. Here's a snapshot of the top headlines from the past week. Read more
The Central Development Working Party (CDWP) on Friday approved 2 development projects related to the Energy, Physical Planning & Housing sectors with a cost of Rs7.87 billion after a detailed discussion. Read more
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Posted on: 2024-03-18T06:12:01+05:00
