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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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June 14, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The Economic Coordination Committee (ECC) has directed the Oil and Gas Development Company Limited (OGDCL) to settle its liabilities towards the government. Read more

The Economic Coordination Committee (ECC) approved a proposal of the Petroleum Division on Thursday to release Rs9 billion to Oil Marketing Companies (OMCs). Read more

The government is likely to reduce the price of petrol by another Rs9 per litre for the second half of June 2024. Read more

The Government of Pakistan announced the budget for 2024-25 on Wednesday. Here is an overview of key changes that you need to know. Read more

Pakistan’s benchmark stock index surged by most in a year on Thursday following the announcement of budget 2024-25 yesterday. Read more

Muhammad Aurangzeb in a post-budget press conference on Thursday clarified that the PDL would be gradual during the next fiscal year. Read more

The Economic Coordination Committee (ECC) has granted conditional approval to the Ministry of Industries & Production for the export of 0.15 million. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $6.2 million or 0.07% WoW to $9.1 billion. Read more

Pakistan’s government plans to cover 91.8% of its federal deficit during the upcoming fiscal year (July-June FY2025) through domestic markets. Read more

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs240,700 per tola, down Rs1,200 per tola. Read more

The Pakistani rupee (PKR) appreciated by 1.64 paisa against the US dollar in Thursday’s interbank session as the currency settled the trade at PKR 278.59. Read more

Pakistan plans to raise up to $1 billion through international bonds in the 2025/26 fiscal year, Finance Minister Muhammad Aurangzeb told Reuters. Read more

The Board of Directors of Kohinoor Textile Mills Limited (KTML) has decided to re-classify a sum of Rs16.775 Billion from the revenue reserve to separate. Read more

Total inflows into Roshan Digital Accounts (RDA) during May 2024 stood at $224 million, bringing the total cumulative inflows into RDA to $8.06 billion. Read more

The government has introduced stringent measures for Federal Excise Duty (FED), with the current rate of Rs2 per kilogram of cement set to increase. Read more

Oil edged lower on Thursday after a three-day jump as investors weighed an unexpected build in American crude stockpiles. Read more

The federal government has set a target to collect Rs1.28 trillion through the petroleum levy in the fiscal year 2024-25, a significant jump of 33.4% YoY. Read more

The advance tax on the registration of motor vehicles, which is currently based on engine capacity, is proposed to be shifted to a value-based system. Read more

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Posted on: 2024-06-14T06:00:00+05:00