MG Morning Breeze: Updates to Skim before Market

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MG News | July 11, 2024 at 06:00 AM GMT+05:00

July 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) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs441.76 billion. Read more

Pakistan’s startups attracted just $3 million in the first half of 2024, a 92% plunge compared to same period of last year. Read more

Sazgar Engineering Works Limited (PSX: SAZEW) witnessed a substantial rise of 207.09% YoY in the sale of its auto rickshaws in June 2024, with 1,818 units. Read more

Car sales in Pakistan decreased by 18.2% to clock in at 103,826 units in fiscal year 2023-24. Read more

The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the upgradation of Pakistan Railways existing main Line-1 (ML-1). Read more

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual worth Rs64bn. Read more

The State Bank of Pakistan will remain closed on July 16 and 17, 2024 (Tuesday and Wednesday) being public holidays on the occasion of Ashura. Read more

Pakistan’s stock benchmark took a breather on Wednesday after hitting a record high in the previous session. Read more

The Pakistani rupee (PKR) depreciated by 11.05 paisa against the US dollar in Wednesday’s interbank session as the currency settled the trade at PKR 278.51. Read more

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs245,600 per tola, up Rs600 per tola. Read more

The State Bank of Pakistan (SBP) has appointed 10 banks as primary dealers (PDs) of government securities and two companies as special purpose primary dealers. Read more

NTDC has achieved a major milestone by completing the construction of 75 kilometer long, 500 kV Double-Circuit Suki Kinari Transmission Line. Read more

Nestlé Pakistan has proposed to Finance Minister Muhammad Aurangzeb the establishment of a dedicated body tasked with formulating evidence-based policies. Read more

The government was planning to tax agricultural income as per the International Monetary Fund’s conditions, however, the provincial governments. Read more

The Supreme Court of Pakistan has ruled in favor of companies facing winding-up orders, affirming their right to challenge such orders issued against them. Read more

Copyright Mettis Link News

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USD RBD PALM OLEIN 1,157.50 1,157.50
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