April 30, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Executive Board of the International Monetary Fund (IMF) completed the final review of Pakistan’s economic reform program supported by the IMF’s Stand-By Arrangement (SBA). Read more
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) decided to keep the policy rate unchanged at 22% for the seventh consecutive meeting. Read more
Foreign investors ' repatriation of profit and dividends rose 3.56x YoY in 9MFY24 to $830.51 million compared to $233.14m worth of repatriation in the same period last year. Read more
The Competition Commission of Pakistan (CCP) approved a 40% equity stake acquisition in Gas & Oil Pakistan Ltd (GO) by Aramco, a global leader in integrated energy and chemicals. Read more
Consumers’ confidence in the country declined by 2.4% MoM or 0.82 points to 32.8 in April 2024. Read more
The overall Business Confidence Index improved by 1.8 points to 53.5 in April 2024. Read more
TPL Properties Limited (PSX: TPLP) is set to launch the Initial Public Offering (IPO) of Pakistan’s first Shariah compliant hybrid reit, TPL Reit Fund 1 on May 02 and 03, 2024. Read more
The benchmark KSE-100 index plummeted 1,047.71 points or 1.44% to conclude Monday's trading session at 71,695.03. Read more
The Pakistani rupee (PKR) experienced a marginal decline of 1 paisa against the US dollar in Monday's interbank session, settling at PKR 278.4 per USD, compared to the previous session's closing of PKR 278.39 per USD. Read more
Pakistan Stock Exchange (PSX) is planning to implement the 3rd batch of existing 500-size Regular Market companies for transition into One Share Lot Size effective from May 06, 2024. Read more
The Board of Directors (BoD) of Crescent Cotton Mills (PSX: CCM) has approved the sale/disposal of company's assets of spinning unit located at Laho Multan Road. Read more
The official reserve assets, including foreign currency reserves, IMF reserve position, Special Drawing Rights (SDRs), gold, and other reserve assets, stood at $13.77 billion as of March 2024 compared to $13.34bn recorded in the previous month. Read more
The Board of Directors of TPL Corp Limited (PSX: TPL) has granted its approval to submit a binding offer to acquire a majority shareholding in FINCA Microfinance Bank Limited along with Abhi (Private) Limited. Read more
The domestic bullion market continued its losses witnessed last week with the price of 24-karat gold dropping by Rs500 per tola to Rs234,900 on Monday. Read more
The trading activity at the Pakistan Mercantile Exchange (PMEX) on Friday took a dip of 10.5% DoD to clock in at Rs28 billion compared to the previous session close of Rs31.28 bn. Read more
The Board of Directors of Hascol Petroleum Limited (HASCOL) has conditionally accepted Millat Global Holdings Limited's offer for moving ahead with negotiations and documentation, including jointly engaging with the banks to seek acceptance of Millat as the proposed intended majority sponsor shareholder. Read more
The Board of Directors of Mari Petroleum Company Limited (PSX: MARI) has approved an investment of up to Rs2.5 billion by MARI in MMC by way of equity injection. Read more
Copyright Mettis Link News
Posted on: 2024-04-30T07:27:00+05:00
