April 08, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Pakistani rupee (PKR) inched up slightly by 2 paisa against the US dollar during the week as the currency settled the trade at PKR 277.93 per USD, compared to the previous week's closing of PKR 277.95 per USD. Read more
The benchmark KSE-100 index closed this week at a record high of 68,417 showing an increase of 1,412 points or 2.11% WoW. Read more
Gold prices in Pakistan rallied this week, surging past their previous all-time high to reach a new peak, driven by a massive rise in international rates. Read more
MG's Weekly Corporate Buzz provides the reader with a concise recap of the latest corporate news. Read more
Across Metals, Energy, COTS/FX, and indices, the trading activity on Thursday reduced at the Pakistan Mercantile Exchange (PMEX) to clock in at Rs25.74 billion, marking a 10.42% DoD drop compared to the previous session close of Rs28.73bn. Read more
In a significant win for the pharmaceutical sector, the Lahore High Court lifted the stay order on deregulating Maximum Retail Prices (MRPs) for drugs. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.96% WoW during the week ended April 04, 2024, while the SPI rose 29.45% YoY compared to the corresponding period from last year. Read more
The National Clearing Company of Pakistan Limited (NCCPL) has announced that the pilot run of the T+1 settlement cycle, a shortened settlement cycle from T+2, will commence by April 15, 2024. Read more
To streamline and update procedures within the Federal Excise Act, certain amendments have been proposed for simplification and harmonization through the Finance Bill of 2024. Read more
The government is targeting to raise Rs4.565 trillion during the next three months (April-June) of FY24, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate. Read more
The Economic Coordination Committee (ECC) has dismissed certain media reports that claimed a misleading impression that the committee has delayed the decision on the wheat procurement targets. Read more
The approval of Rs7.3 billion as a wheat subsidy for the people of Gilgit-Baltistan by the Economic Coordination Committee (ECC) will eliminate the crisis situation regarding wheat subsidy in the region. Read more
Pakistan and Iran are expected to sign a Memorandum of Understanding (MoU) on livestock quarantine and plant protection. Read more
For the first time, the number of Branchless Banking (BB) Transactions has crossed 1 billion in a single quarter, as shown in the recently released data for the second quarter of fiscal year 2024 by the State Bank of Pakistan (SBP). Read more
The International Monetary Fund's Executive Board Meeting on Pakistan is expected to be held by the end of April. Read more
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Posted on: 2024-04-08T06:11:56+05:00
