March 21, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs704.38 billion for 3,6 and 12 months against a target of Rs340bn. Read more
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual worth Rs17.6 billion for 5 and 10 years against a target of Rs200bn. Read more
The Pakistani rupee (PKR) appreciated by 23.06 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 278.41 per USD, compared to the previous session's closing of PKR 278.64 per USD. Read more
The benchmark KSE-100 index ended Wednesday's trading session at 65,731.79 showing an increase of 229.20 points or 0.35%. Read more
The International Monetary Fund (IMF) staff and the Pakistani authorities have reached a staff-level agreement on the second and final review under Pakistan’s Stand-By Arrangement, subject to the approval of the IMF’s Executive Board. Read more
Pakistan has recorded a Foreign Direct Investment (FDI) of $131.2m in February, compared to a divestment of $147.7m witnessed in the previous month. Read more
China emerged as the largest investor in Pakistan in February 2024, with a net direct investment of $42.45m, followed by the Hongkong and United Kingdom which invested $27.66m and $22.22m respectively. Read more
Regassified Liquefied Natural Gas (RLNG) prices for March 2024 have been raised by up to 2.75% and 0.8% for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) respectively, as per the Oil and Gas Regulatory Authority (OGRA)'s notification issued on Wednesday. Read more
Pakistan dollar bonds advanced to a two-year high of 92.5 cents on the dollar following the International Monetary Fund’s (IMF) preliminary approval of the final $1.1 billion tranche. Read more
A positive development has emerged for the retired employees of the National Bank of Pakistan (PSX: NBP) as the Supreme Court has mandated the bank to pay pensions amounting to Rs60 billion. Read more
The security name of First Dawood Investment Bank Limited (PSX: FDIBL) has been changed to First Dawood Properties Limited as per the request of the company. Read more
The domestic bullion edged higher on Wednesday, with the price of 24-karat gold gaining Rs500 to Rs227,800 per tola. Read more
The net purchase of securities for the week ended March 08, 2024, clocked in at Rs2.53 billion, as compared to a net purchase worth Rs1.91bn recorded last week. Read more
The Federal Minister for Finance Muhammad Aurangzeb on Tuesday praised the Chinese leadership for invaluable support to Pakistan, especially citing the rollover of SAFE deposits and loan refinancing that was crucial for economic stability. Read more
The government of Pakistan on Wednesday expressed interest in a successor medium-term Fund-supported program to permanently resolve Pakistan’s fiscal and external sustainability weaknesses, strengthening its economic recovery, and laying the foundations for strong, sustainable, and inclusive growth, as the statement issued by the fund. Read more
The import bill of the petroleum group decreased to $1.2 billion in February 2024, marking a decrease of 16.3% MoM compared to the import bill of $1.43bn recorded in January 2024. Read more
Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during February 2024, followed by U. A. E. Dubai, Saudi Arabia, and Qatar. Read more
The country's total textile exports registered a decrease of 4.51% MoM to $1.31bn in February 2024 compared to $1.37bn recorded in the previous month. Read more
The U.S.A. remained the top export destination for Pakistan during February 2024, with $424.5 million worth of shipments. Read more
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Posted on: 2024-03-21T05:58:03+05:00
