June 11, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) lowered its key policy rate by 150 basis points to 20.5% on Monday, a bigger margin than expected by market analysts. Read more
The Pakistan Economic Survey 2023-24, the pre-budget document, containing the details of major socio-economic achievements during the outgoing fiscal year 2023-24, will be launched on Tuesday. Read more
Sazgar Engineering Works Limited (PSX: SAZEW) witnessed a substantial rise of 275.86% YoY in the sale of its auto rickshaws in May 2024, with 1,962 units. Read more
A scorching summer is threatening cotton production in Pakistan, the world’s fifth-largest grower, which counts on the crop to prop up its struggling economy. Read more
The Pakistani rupee (PKR) depreciated by 17.01 paisa against the US dollar in Monday’s interbank session as the currency settled the trade at PKR 278.37. Read more
The benchmark KSE-100 index closed Monday’s trading session at 73,252.56 showing a decrease of 501.46 points or 0.68%. Read more
The overall Business Confidence Index improved by to 54.6 in May 2024, the latest results of the 48th wave of the Business Confidence Survey (BCS). Read more
Consumers’ confidence in the country rose by 14.9% MoM or 4.9 points to 37.7 in May 2024, according to a survey report released by the State Bank of Pakistan. Read more
Adam Securities Limited, on behalf of its client, Amir Noman has submitted a Public Announcement of Intention (PAI) to acquire 2,900,000 ordinary shares. Read more
Go Energy Pvt Ltd will set up a 500 MW floating solar power project on Keenjhar Lake to supply electricity to K-Electric through STDC’s transmission line. Read more
Minister for Kashmir Affairs Amir Muqam has assured that the government would present a people-friendly and development-oriented budget for 2024-25. Read more
Gold price in Pakistan remained unchanged on Monday, with 24-karat gold being sold at Rs239,400 per tola. Read more
Prime Minister Shehbaz Sharif’s recent visit to China will elevate bilateral relations to new heights and the CPEC partner will assist Pakistan . Read more
Global oil prices have started the week under the green zone, rising on hopes of rising fuel demand this summer despite being weighed down by a firmer dollar. Read more
The Pakistan Stock Exchange Limited has conducted the Re-composition exercise of the KSE-Meezan 30 Index (KMI-30) for the review period from July 1, 2023. Read more
Islamabad Electric Supply Company (IESCO) on Sunday issued a list of defaulted government institutions that have pending payments of over Rs71.16 billion. Read more
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Posted on: 2024-06-11T06:00:00+05:00
