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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 24, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The Pakistan Stock Exchange (PSX) conducted an auction on Thursday for the sale of Government of Pakistan Ijara Sukuk (GIS) bonds. Read more

The United Arab Emirates (UAE) has allocated $10 billion for investment in promising economic sectors in Pakistan. Read more

Pakistan and the International Monetary Fund will end two weeks of initial talks for a new loan tomorrow. Read more

Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines. Read more

SECP has introduced a Self-Assessment Declaration Form to expedite and simplify the enrolment of Non-banking Finance Companies (NBFCs) digital lending apps. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $21.5 million or 0.24% WoW to $9.16 billion. Read more

In an attempt to strengthen its presence in Pakistan, Suzuki Motor Corporation has expressed its interest in setting up a biogas plant. Read more

The exports of fruits increased by 17.85% during the first ten months of the current fiscal year as compared to the corresponding period of last year. Read more

Pakistan has garnered $1.5 billion from sesame exports this year, said Director General (DG) of Agriculture Research Punjab Sajid-ur-Rehman. Read more

The integration of technology across various sectors catalyzes sustainable development, economic growth, and social transformation. Read more

The Pakistani rupee (PKR) appreciated by 17.32 paisa against the US dollar in Thursday’s interbank session as the currency settled the trade at PKR 278.3. Read more

The benchmark KSE-100 index jumped 157.80 points or 0.21% and closed above the 75,000 level. Read more

A delegation of Asian Development Bank (ADB) Alternate Executive Directors visited Water & Power Development Authority (WAPDA) House on Thursday and. Read more

Federal Minister for Energy Awais Ahmad Khan Leghari has rejected the media reports claiming that the government is planning to end the solar net-metering policy. Read more

The government is likely to announce further relief in fuel prices for the population, with the price of petrol likely to be reduced by another Rs4 per. Read more

Gold prices in Pakistan plunged on Thursday in line with international rates, with 24-karat gold falling Rs6,200 to Rs242,000 per tola. Read more

The Federal Board of Revenue (FBR) has blocked around 11,250 SIM cards of non-filers under Income Tax General Order to curb tax evasion. Read more

The trading activity at the Pakistan Mercantile Exchange (PMEX) soared by 47.2% DoD on Wednesday to clock in at Rs20.09 billion. Read more

Pakistan’s power sector circular debt has surged by Rs325 billion in the first seven months of the ongoing fiscal year (July-January 2024). Read more

The government borrowed around 77% of financing of federal fiscal deficit through domestic sources during the first half of fiscal year 2023-2024. Read more

LSE Proptech Limited (LSEPL) and Modaraba Al Mali (MODAM) have been dissolved upon the completion of their merger/amalgamation through the approved scheme. Read more

China signaled its permission for the yuan to weaken against the dollar, as a jump in capital outflows and a resilient greenback pressured the central bank. Read more

Prime Minister Muhammad Shehbaz Sharif will pay a day-long visit to the United Arab Emirates today, according to the latest report from the. Read more

Copper fell for a third day as Chinese factories balked at paying record prices, while hawkish comments from Federal Reserve officials also pressured. Read more

Oil prices extended losses on Thursday after minutes from the Federal Reserve’s most recent policy meeting. Read more

The Competition Commission of Pakistan (CCP) has taken notice of extremely dangerous stunts performed in the TV commercials (TVCs) of leading beverage. Read more

The Central Development Working Party (CDWP) has recommended Re-Modified PC-1 for upgradation of Pakistan Railways’ existing Main Line (ML-1). Read more

A delegation of representatives from the Aerated Beverage Industry led by President of Lotte Akhtar Beverages Ghazi Akhtar on Wednesday presented.x Read more

Headline inflation rates are falling across the world but their descent is being hampered by stubborn service sector price growth, according to. Read more

The sale of the Land and Factory Building to SIZA Services (Private) Limited, a related party of Merit Packaging Limited (PSX: MERIT). Read more

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Posted on: 2024-05-24T07:53:53+05:00