March 22, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $105 million or 1.33% WoW to $8.02 billion during the week ended on March 15, 2024. Read more
The Pakistani rupee (PKR) edged higher against the US dollar in Thursday's interbank session to settle at PKR 278.4 per USD, compared to the previous session's closing of PKR 278.41 per USD. Read more
The benchmark KSE-100 index concluded Thursday's trading session at 65,417.40 showing a decrease of 314.39 points or 0.48%. Read more
The domestic bullion surged on Thursday, with the price of 24-karat gold gaining Rs4,600 to Rs232,400 per tola after the Federal Reserve signalled it remains on track for three interest-rate cuts this year. Read more
The wheat stocks of the country by the middle of March 2024 were recorded at over 4.54 million metric tons, which is sufficient to tackle the local dietary needs. Read more
Panther Tyres Limited (PSX: PTL) has successfully utilized funds worth Rs1.99 billion for development, expansion, and short-term working capital requirements. Read more
The shareholders of Cherat Cement Company Limited (PSX: CHCC) have approved an investment of up to Rs75 million in Mirpurkhas Sugar Mills Limited. Read more
The country secured external financing worth $332.6 million in February 2024 from multiple financing sources, the latest monthly report by the Economic Affairs Division (EAD) showed. Read more
In order to reduce the harmful hazards arising from the increased smuggling of steel, the Pakistan Association of Large Steel Producers has urged the government to restrict steel imports to sea transport mode. Read more
In a significant development within the pharmaceutical industry, the Commissioner of Inland Revenue (Appeals), Karachi recently rendered a decision in favour of Bayer Pakistan (Private) Limited concerning sales tax refunds on inventory. Read more
Attock Refinery Limited (PSX: ATRL) has started up its refinery operations safely as per schedule after the successful completion of the integrated refinery turnaround. Read more
The Supreme Court of Pakistan has dismissed the National Bank’s (PSX: NBP) Review Petition in the Pension Case. Read more
The Board of Directors of Gul Ahmed Textile Mills Limited (PSX: GATM) has allowed the management to sign a Term Sheet with K Solar (Private) Limited in respect of 17.1 MW on Build, Own, Operate and Transfer (BOOT) basis on the rooftop of the Manufacturing Facility. Read more
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Posted on: 2024-03-22T05:30:29+05:00
