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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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May 20, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Pak Ethanol (Private) Limited has formed a national consortium, in collaboration with leading international aviation groups, to bid for PIA. Read more

Prime Minister Shehbaz Sharif has immediately constituted eight Economic Advisory Council (EAC) members. Read more

After eight consecutive quarters of negative USD revenue growth, Jazz, one of Pakistan’s leading digital operators delivered an impressive turnaround. Read more

The government aims to raise Rs4.37 trillion during the next three months (May-July) of 2024. Read more

Spot silver jumped 11.9% this week and surged past $30 an ounce to hit the highest level in over a decade. Read more

The domestic bullion market gained significant momentum on Saturday in line with international prices. Read more

Prime Minister Shehbaz Sharif said on Friday that the government will ensure the supply of electricity and gas at low cost to industries for industrial. Read more

The representatives of the trade unions on Friday emphasized the need for clearer guidelines on taxation for newly registered traders under the. Read more

Federal Minister for Privatization, Board of Investment and Communications Abdul Aleem Khan has said that the time for extension for offers for the. Read more

Pakistan stock market’s benchmark KSE-100 index continued to soar this week, jumping by another 2,257 points or 3.1% to close at a record high of 75,342. Read more

The country’s total textile exports increased by 10.3% YoY to $1.3 billion in April 2024 compared to $1.18bn in April 2023, data released by the. Read more

The import bill of the petroleum group declined to $1.26 billion in April 2024, marking a decrease of 8.87% YoY compared to the import bill of $1.38bn. Read more

China emerged as the largest investor in Pakistan in April 2024, with a net direct investment of $177.37 million, followed by the U.A.E and Canada. Read more

Pakistan recorded a Foreign Direct Investment (FDI) of $358.84m in April, compared to an FDI of $131.9m in the Same Period Last Year (SPLY). Read more

The U.S.A. remained the top export destination for Pakistan during April FY24, with $451.24 million worth of shipments, down by 2.5% YoY. Read more

Pak Rupee’s Real Effective Exchange Rate Index (REER) increased by 0.4% MoM in April 2024 to a provisional value of 104.51 from the revised value of 104.09. Read more

The Pakistani rupee (PKR) depreciated by around 9 paisa against the US dollar this week and settled at PKR 278.21 per USD, compared to the previous. Read more

Pakistan stock market’s historic bull run­­­—which started last year with International Monetary Fund (IMF) loan deal—has been further fueled by strong. Read more

Pakistan has recorded a current account surplus of $491 million, the latest data issued by the State Bank of Pakistan (SBP) revealed today. Read more

The service sector of Pakistan posed a trade deficit of $187 million in April, reflecting an increase of 22.22% MoM,as compared to a deficit of $153m. Read more

Pakistan Stock Exchange Limited (PSX) has announced the listing of TPL REIT Fund I (TPLRF1 or the REIT Scheme) with effect from Monday. Read more

The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by -1.06% WoW during the week ended May 16, 2024, while the SPI rose 21.22% YoY. Read more

A Chinese company MCC Tongsin Resources has expressed deep interest in increasing its investment in the mineral and mining sector of Pakistan. Read more

The National Assembly today passed a motion authorizing the Speaker to nominate members to the standing committees on the recommendations of the. Read more

Pakistan’s secondary market yields have garnered significant attention and focus following the recent central bank auction. Read more

The Board of Dawood Hercules Corporation Limited (PSX: DAWH) has approved a scheme of arrangement to demerge into two legal entities, with all its assets. Read more

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively. Read more

Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs286.39 billion in the past two days to Rs33.47 trillion as of. Read more

The State Bank of Pakistan has granted in-principle approval to Bank Alfalah Limited (PSX: BAFL) to facilitate Bank Asia Limited (Bank Asia) in conducting. Read more

Oil & Gas Development Company Limited (PSX: OGDC) has achieved a further increase in production at Nashpa Well-10 through optimization initiatives including. Read more

To kick off the second phase of digitization, the Securities And Exchange Commission of Pakistan (SECP), in partnership with Techlogix Pakistan. Read more

Exporters and business representatives voiced concerns on key issues such as liquidity challenges and high business costs, which were directed to pertinent. Read more

Pakistan Credit Rating Agency Limited (PACRA) has maintained the debt instrument rating of Samba Bank Limited (PSX: SBL) at “AA-” for long term with. Read more

Oil prices are on track for a modest weekly gain, with the outlook for supply and inflation in focus. Read more

Deputy Prime Minister and Foreign Minister Ishaq Dar have invited Chinese entrepreneurs to take advantage of the investment-friendly policies. Read more

Minister of State for Information Technology (IT) and Telecommunication Shaza Fatima Khawaja has said that the development of IT sector is the first priority. Read more

Information and Communications Technology (ICT) has revolutionized and uplifted society and is acting as a key component for economic development. Read more

China’s fiscal policy is turning slightly stimulatory, as the government seeks to offset subdued underlying economic activity and achieve its GDP growth. Read more

The Asian Development Bank (ADB) has expressed confidence in Pakistan’s economic trajectory and reaffirmed its commitment to support the country. Read more

The Securities and Exchange Commission of Pakistan (SECP) has unveiled a comprehensive framework for digital lenders to launch innovative products such as. Read more

The Pakistan Telecommunication Authority (PTA) on Thursday said that the national exchequer has not experienced any loss of revenue on account of blocking. Read more

The Board of Directors of Thatta Cement Company Limited (PSX: THCCL) approved in principle a green energy plan to reduce. Read more

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Posted on: 2024-05-20T06:00:00+05:00