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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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April 15, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

To embark on a significant diplomatic mission, a high-level Saudi delegation, led by Foreign Minister Prince Faisal bin Farhan bin Abdullah is set to visit Pakistan from 15 to 16 April 2024, the statement issued by Ministry of Foreign Affairs informed on Sunday. Read more

A Saudi investment of up to $1 billion is likely next month in the Reko Diq Copper Gold project located in the Chagai district in Balochistan, as per the latest update from the Information Ministry. Read more

Israeli stocks fell as much as 1.07% in early trading on Sunday before recovering some of their losses. Read more

Pakistan has signed a $200 million Memorandum of Understanding (MoU) with a Chinese firm to convert a thermal plant to solar power, as per a recent post by the Information Ministry. Read more

The Asian Development Outlook report for April 2024 has portrayed positive prospects for Pakistan's economy, validating the government's correct economic policies, Federal Minister for Economic Affairs. Read more

Pakistan successfully repaid $1 billion Pakistan’s International Bond on April 12, 2024. Read more

International gold rose above $2,400 per ounce and recorded a new all-time high on Friday as geopolitical tensions and China’s economic concerns continued to uplift demand for the safe haven asset. Read more

Pakistan is discussing with the International Monetary Fund on a potential follow-up program to its nine-month, $3 billion stand-by arrangement. Read more

Pakistan’s gross domestic product (GDP) growth is projected to recover modestly to 1.9% in FY2024 from -0.2% in FY2023 as economic reforms take effect and inflationary pressures ease. Read more

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs697.04 billion WoW to Rs33.37 trillion as of March 29, 2024. Read more

The government of Pakistan has acquired an additional debt of Rs231.27 billion during the week ended March 29, 2024, which brings its total net borrowing for ongoing fiscal year 2024 to Rs3.64 trillion. Read more

The Pakistani rupee (PKR) appreciated by around 1 paisa against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 277.94 per USD, compared to the previous session's closing of PKR 277.95 per USD. Read more

The benchmark KSE-100 index surged another 694.73 points or 1% to close the last trading session before the Eid holidays at a record high of 70,314.72. Read more

The domestic bullion market continued its upward journey on Tuesday, with the price of 24-karat gold surging to a new record high of Rs247,600 per tola. Read more

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Posted on: 2024-04-15T05:30:00+05:00