April 29, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The headline inflation is expected to decelerate significantly to around 17% YoY in April 2024. Read more
Following a decline in international prices, the government is likely to cut the price of petrol by around Rs3.75 per litre for the first half of May 2024. Read more
The benchmark KSE-100 index closed the sixth consecutive week in green, gaining 1,833 points or 2.58% to another record high of 72,743. Read more
The Pakistani rupee (PKR) lost around 8 paisa against the US Dollar this week and settled at PKR 278.39 per USD, compared to the previous week's closing of PKR 278.31 per USD. Read more
The domestic bullion market snapped its winning journey this week as the price of 24-karat gold dropped by Rs7,800 per tola to close at Rs244,400. Read more
The trading activity at the Pakistan Mercantile Exchange (PMEX) on Thursday witnessed a notable spike of 36.35% DoD to clock in at Rs31.28 billion compared to the previous session close of Rs22.93bn. Read more
The banking sector's non-performing loans (NPLs) surged by Rs70.8 billion or 7.7% YoY in 2023, data released by the State Bank of Pakistan (SBP) showed. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 1.1% WoW during the week ended April 25, 2024, while the SPI rose 26.94% YoY compared to the corresponding period from last year. Read more
Prime Minister Shehbaz Sharif has assigned the additional responsibility of Deputy Prime Minister to Foreign Minister Ishaq Dar with immediate effect, as per an official notification released by the Cabinet Division on Sunday. Read more
The Power Division has refuted media reports claiming that the government has imposed a fixed tax on solar power. Read more
Prime Minister Shehbaz Sharif has increased the federal government's wheat procurement target of 1.4 million metric tons to 1.8m metric tons. Read more
The Steering Committee on the Digitalization of the Federal Board of Revenue (FBR) on Friday approved the top proposal from McKinsey and Company, a globally renowned consulting firm, for the digitalization project. Read more
The International Air Transport Association (IATA) has called on Pakistan to immediately release airline revenues, worth $399 million, that are being held in contravention of international agreements. Read more
UBL Currency Exchange has signed a Mergers and acquisitions (M&A) transaction to acquire assets of Wallstreet Exchange (Pvt) Ltd. Read more
To help Pakistan reduce its energy import bills and provide affordable energy solutions, Shanghai Electric Group has invested Thar Coal Block-1. Read more
The Public Announcement of the Offer (PAO) for acquiring a 77.42% stake in Shell Pakistan Limited by Wafi Energy Holding has been extended to July 27, 2024. Read more
Symmetry Group (PSX: SYM) has entered into a business partnership agreement with Tampd, a UK-based Tampd with an expansive presence in Europe and the APAC region with its deep expertise in AI and cloud solutions. Read more
Copyright Mettis Link News
Posted on: 2024-04-29T07:12:36+05:00
