May 06, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new program, the lender said on Sunday ahead of Islamabad beginning its annual budget-making process for the next financial year. Read more
The privatization process of Pakistan International Airlines Corporation Limited (PIACL) crossed another milestone, as the Competition Commission of Pakistan (CCP) has given the green light to the Scheme of Arrangement (SOA). Read more
This week marked the second consecutive weekly loss for the domestic bullion market, with the price of 24-karat gold dropping by Rs6,400 per tola to close at Rs238,000. Read more
The benchmark KSE-100 index snapped its six-week-long winning streak and concluded at 71,902, a decrease of 841 points or 1.16% WoW. Read more
The Pakistani rupee (PKR) appreciated by around 18 paisa against the US dollar this week as the currency settled the trade at PKR 278.21 per USD, compared to the last week's closing of PKR 278.39 per USD. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 1.0% WoW during the week ended May 02, 2024, while the SPI rose 24.37% YoY compared to the corresponding period from last year. Read more
Power Cement Limited (PSX: POWER) has signed a term sheet with Burj Solar (Private) Limited (Burj Solar) for the development and financing of a 9.6 MW wind power project under a 20-year Build-Own-Operate-Transfer (BOOT) structure at the company's premises. Read more
The 50th fuel station under Hi-Tech Lubricants Limited (PSX: HTL)'s Oil Marketing Company Project (OMC-Project) became operational on May 01, 2024. Read more
The State Bank of Pakistan (SBP) cumulatively injected Rs10.61 trillion into the market through a reverse repo and Shariah-compliant Modarabah-based Open Market Operation (OMO). Read more
The sales of oil marketing companies (OMCs) dropped by 6% YoY to clock in at 1.10 million tonnes (MTs) in April 2024 compared to 1.17 MTs in April 2023. Read more
On Friday, Federal Minister for Finance and Revenue Muhammad Aurangzeb decided to devise a holistic strategy under the Federal Board of Revenue (FBR) to actively pursue all the pending legal cases for early recovery of stuck-up revenue. Read more
Telenor Microfinance Bank (TMB) registered an impressive profit before tax of Rs1.03 billion during Q12024 compared to a loss before tax of Rs185 million reported for the same period last year. Read more
The net purchase of securities for the week ended April 26, 2024, clocked in at Rs591.29 million compared to a net purchase worth Rs2.51bn recorded last week. Read more
Cement dispatches in Pakistan have inched down as overall dispatches dropped by 0.29% YoY to clock in at 2.943 million Tonnes (MTs) against 2.951 MTs dispatched during the same month of last fiscal year. Read more
Copyright Mettis Link News
Posted on: 2024-05-06T06:25:21+05:00
