September 19, 2023 (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) raised only Rs3.66 billion against a target of Rs160bn through the sale of fixed-rate Pakistan Investment Bonds (PIBs). Read more
The Pakistani rupee (PKR) extended its upward momentum on Monday, appreciating by 90 paisa against the US dollar in the interbank to settle at PKR 295.9485 per USD. Read more
The newly constituted Special Investment Facilitation Council (SIFC) aimed at boosting the economy is not sustainable. Read more
Pakistan’s Large Scale Manufacturing Industries (LSMI) production has registered a decrease of 1.09% YoY in July 2023 to stand at 108.01 compared to 109.2 in July 2022. Read more
Automobile financing in Pakistan has dropped to Rs278.05 billion in August 2023, witnessing a decrease of 21.13% YoY. Read more
The Board of Directors of MCB Bank Limited (PSX: MCB) has approved the establishment of an Exchange Company with an initial paid-up capital of up to Rs1 billion. Read more
The shareholders of Systems Limited (PSX: SYS) have resolved those specific undertakings as envisaged in the Transferred Assets scheme, will be separated from SYS and combined with Systems Ventures (Private) Limited through a process known as amalgamation. Read more
The Board of Directors (BoD) of Lucky Cement Limited (PSX: LUCK) has approved undertaking a 28.8 MW captive wind power project at its Karachi plant. Read more
Pak Rupee’s Real Effective Exchange Rate Index (REER) decreased by 1.61% MoM in August 2023 to a provisional value of 90.1151 from the revised value of 91.5865 in July 2023. Read more
Cotton arrivals in Pakistan have reached 3.933 million bales as of September 15, 2023. Read more
The benchmark KSE-100 index remained range-bound throughout today's session in a tug-of-war between bulls and bears. Read more
On Monday, the board of directors of IBEX Limited authorized a share repurchase plan (Share Repurchase Program) under which the company may repurchase up to $30 million of its shares over the next six months. Read more
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Posted on: 2023-09-19T06:40:10+05:00
