May 02, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
To enforce tax regulations and encourage greater participation in the tax system, the Federal Board of Revenue (FBR) has mandated that mobile phone connections of non-filers of income tax returns can be terminated any time. Read more
The federal government has reduced the price of petrol by Rs5.45 per litre to Rs288.49, said a notification issued by the Finance Division. Read more
The benchmark KSE-100 index ended Tuesday's trading session at 71,102.55 showing a decrease of 592.49 points or 0.83%. Read more
The Pakistani rupee (PKR) appreciated by 8.34 paisa against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 278.31 per USD, compared to the previous session's closing of PKR 278.4 per USD. Read more
The domestic bullion market has experienced its third consecutive decline, with the price of 24-karat gold dropping by Rs2,000 per tola to Rs241,900 on Tuesday. Read more
The State Bank of Pakistan (SBP) conducted an auction on Tuesday in which it sold Market Treasury Bills (MTBs) worth Rs252.92 billion for 3,6 and 12 months against a target of Rs300bn. Read more
The State Bank of Pakistan (SBP) conducted an auction on Tuesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual Rs193.546 billion for 5 and 10 years against a target of Rs280bn. Read more
The government of Pakistan has acquired an additional debt of Rs40.32 billion during the week ended April 19, 2024, which brings its total net borrowing for ongoing fiscal year 2024 to Rs4.51 trillion, according to the central bank's weekly estimates. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs105.99 billion WoW to Rs33.32 trillion as of April 19, 2024. Read more
The State Bank of Pakistan (SBP) has received the final instalment of SDR 528 million, equivalent to around $1.1 billion from the International Monetary Fund (IMF), the central bank said. Read more
The US Federal Reserve decided to leave interest rates unchanged at 5.25%-5.5% for the sixth consecutive meeting. Read more
Pakistan recorded a fiscal deficit of Rs3.902 trillion (-3.7% of GDP) in the first nine months of fiscal year 2024, as compared to a fiscal deficit of Rs3.08tr (-3.6% of GDP) in the same period of last year. Read more
Treet Battery Limited (PSX: TBL) has entered into a new strategic venture with Hexing Energy (Private) Limited, a subsidiary of Hexing Electrical Co Ltd, which is prominently listed on the Shanghai Stock Exchange. Read more
The country's external debt repayments for the remainder of the current fiscal year stand at a manageable sum of approximately $1.8 billion. Read more
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Posted on: 2024-05-02T08:23:19+05:00
