July 01, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The government has raised the price of petrol by Rs7.45 per litre to Rs265.61. Read more
The Pakistan stock market recorded its best yearly return in over two decades. Read more
The Federal Board of Revenue (FBR) has collected Rs9.3 trillion in FY24 against the target of Rs9.25tr. Read more
The government has imposed a 10% surcharge on the tax liability of individuals, including the salaried class and associations of persons (AOP). Read more
Foreign investors have started tiptoeing back into Pakistani equities after almost a decade. Overseas investors purchased stocks worth a total of $140.8m. Read more
The Pakistan stock market recorded its best yearly return in over two decades. Read more
Headline inflation is expected to inch slightly higher to around 12.3% YoY in June 2024. Read more
The government of Pakistan is planning to carry out a Panda Bond transaction in the Chinese Capital Markets. Read more
Unity Foods Limited (PSX: UNITY) has completed the actual utilization of acquisition and additions to Port Qasim Refinery. Read more
Pakistan’s parliament moved to pass the government’s tax-heavy finance bill on Friday for the coming fiscal year. Read more
The State Bank of Pakistan (SBP) has decided to set the rate of remuneration for July 2024 on the Special Cash Reserve Account (US$) at 4.34%. Read more
Market Data and Economic Indicators. Read more
The benchmark KSE-100 Index closed at 78,445, with the Relative Strength Index (RSI) at 67.93. Read more
In response to unsustainable pension expenditures, the Federal Government of Pakistan has made significant amendments to the current. Read more
The official reserve assets rose to $15.13 billion as of May 2024 compared to $15.05bn recorded in the previous month. Read more
The State Bank of Pakistan will remain closed for public dealing on July 01, 2024 (Monday), which will be observed as Bank Holiday. Read more
Since TRG had garnered substantial attention in the news and was the subject of persistent rumours that impacted its share price. Read more
Despite higher prices of perishable items during the month, government measures to reduce transport charges are expected. Read more
The Pakistani rupee (PKR) appreciated by 3.38 paisa against the US dollar in Friday’s interbank session as the currency settled the trade at PKR 278.34. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.73% WoW during the week ended. Read more
The Board of Directors of Ismail Industries Limited (PSX: ISIL) has resolved to establish a wholly owned subsidiary of the company in Abu Dhabi, UAE. Read more
The Special Investment Facilitation Council (SIFC) has proposed a workable solution for a multi-billion-dollar salt export project. Read more
The Central Development Working Party (CDWP) has approved 26 development projects worth of Rs900 billion during its meeting. Read more
Remittance flows to Pakistan are forecasted to recover and grow at about 7% to reach $28 billion in 2024 and increase at 4% to about $30bn in 2025. Read more
The Economic Coordination Committee (ECC) of the Cabinet has decided to establish the pension funds from July 01, 2024. Read more
The National Electric Power Authority (NEPRA) conducted a hearing on June 27, 2024 on K-Electric’s distribution, transmission, and supply petitions. Read more
Pakistan Telecommunication Company Ltd (PSX: PTC) has entered into seven years with one year grace period financing agreements with IFC. Read more
The Pakistan Stock Exchange (PSX) conducted an auction today for the sale of Government of Pakistan Ijara Sukuk (GIS) bonds, raising Rs41.72 billion. Read more
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Posted on: 2024-07-01T06:00:00+05:00
