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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 27, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Pakistan’s bullion market witnessed major suffering this week, with gains from the past week getting completely erased due to plunging international. Read more

The Special Investment Facilitation Council, in its 10th meeting of the Apex Committee on May 25, 2024, reviewed the progress on the. Read more

The National Clearing Company of Pakistan Limited (NCCPL) has announced the NCC Smart CKO Portal (SCP) launch on May 29. Read more

Pakistan’s Federal Minister for Commerce, Jam Kamal Khan, invited Korean investors to capitalize on upcoming privatization opportunities within. Read more

Pakistan has commenced direct flight operation to Jeddah, Saudi Arabia, for the upcoming Hajj pilgrimage here. Read more

The Universal Service Fund (USF) Policy Committee in its 49th meeting held yesterday, approved the release of the 4th quarter budget amounting to. Read more

The $10 billion investment package announced by the UAE reflects the confidence of world leaders in the government’s efforts to revamp Pakistan’s economy. Read more

The total cumulative inflows into Roshan Digital Accounts (RDA) have surpassed the $8 billion mark as of May 24. Read more

The benchmark KSE-100 index closed this week at another record high of 75,983, a gain of 641 points or 0.9%. Read more

Roshan Packages Limited (PSX: RPL) has received an offer letter from its wholly-owned subsidiary Roshan Sun Tao Paper Mills Limited (RSTPML) for. Read more

Headline inflation is expected to decelerate significantly to around 13.9% YoY in May 2024, pushing real interest rates above 8%. Read more

The Pakistani rupee (PKR) remained stable against the US dollar this week in interbank market as the currency settled the trade at PKR 278.21 per USD. Read more

The trading activity at the Pakistan Mercantile Exchange (PMEX) surged by 38.4% DoD on Thursday to clock in at Rs27.8 billion. Read more

Cnergyico PK Limited (PSX: CYNERGY) will resume its refinery operations from Saturday, May 25, 2024, the company disclosed in its recent filing on the. Read more

Pakistan has attracted $11.16 million net flow from foreign investors into T-Bills through Special Convertible Rupee Accounts (SCRA) in the current month. Read more

Pakistan Petroleum Limited (PPL), as part of its business diversification efforts, is expanding its mining portfolio by entering into a Joint Venture. Read more

The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.34% WoW during the week ended May 23, 2024. Read more

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

Lahore High Court has disposed of the signed agreement between Crescent Modaraba Management Company Limited and Ansari Brothers (Private) Limited. Read more

Prime Minister Shehbaz has extended an invitation to Chinese firm MCC Tongsin Resources to invest in Pakistan’s mining sector, assuring them of. Read more

A delegation from Huawei proposed areas of cooperation in tax digitalization, e-invoicing, revenue automation, and IT applications to the country. Read more

Al-Ghazi Tractors Limited (PSX: AGTL) has successfully implemented the state-of-the-art ERP solution, SAP 5/4 HANA, replacing its existing ERP system. Read more

The country secured external financing worth $237.24 million in April 2024 from multiple financing sources. Read more

A delegation comprising representatives of major automobile giants presented proposals to the Federal Minister for Finance and Revenue, Senator Muhammad. Read more

Pakistan Credit Rating Agency Limited (PACRA) has maintained the ratings of TPL Trakker Limited’s (PSX: TPLT) debt instrument (Sukuk) at “A+” for the long. Read more

The outlook for Asia-Pacific (APAC) banking system operating environments (OE) is stable, although the scores Fitch Ratings has assigned across. Read more

The Competition Appellate Tribunal (CAT) decided to uphold the Rs5 million penalty imposed by the Competition Commission of Pakistan (CCP) on. Read more

The Pakistan Stock Exchange (PSX) announced on Thursday that the sector name ‘Paper and Board’ has been changed to ‘Paper, Board. Read more

The sector of Colgate-Palmolive Pakistan Limited (COLG) is changed from ‘Chemical’ to ‘Food & Personal Care Products’ based on the nature of the. Read more

The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the request from the Industries and Production Division to release. Read more

The Securities and Exchange Commission paved the way for the eventual launch of the first US exchange-traded funds investing directly in the Ether token. Read more

The Economic Coordination Committee (ECC) of the Cabinet on Thursday allowed the utilization of $8 million available with the National Bank of Pakistan. Read more

Pakistani authorities and the IMF have made substantial progress toward reaching SLA on a comprehensive economic policy and reform program. Read more

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Posted on: 2024-05-27T06:00:00+05:00