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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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August 16, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Pakistan’s economy could incur financial losses up to $300 million due to internet disruptions caused by imposition of a national firewall. Read more

Pakistan’s total debt and liabilities increased to Rs84.91 trillion in FY24, marking a rise of 10.97% YoY from Rs76.51tr in FY23. Read more

Electricity bills have outpaced home rental rates for some people in Pakistan, as tariff increases and other reforms to comply with International Monetary. Read more

Pakistan’s external debt and liabilities (outstanding) reached $130.5bn at the end of June 2024 (FY24), reflecting an increase of $90.264m or 0.07% QoQ. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $119.3 million or 1.30% WoW to $9.27 billion during the week. Read more

The Pakistan Stock Exchange (PSX) conducted an auction today for the sale of Government of Pakistan Ijara Sukuk (GIS) bonds, raising Rs119.68bn against. Read more

Pakistan’s revised trade deficit for July clocked in at $1.971 billion compared to a deficit of $2.423bn from the previous month, reflecting an improvement. Read more

The Pakistani rupee (PKR) appreciated by 0.29 paisa or 0.00% against the US dollar in Thursday’s interbank session to settle the trade at PKR 278.7 per USD. Read more

Karachi Chamber of Commerce & Industry (KCCI) President, Iftikhar Ahmed Sheikh on Thursday expressed concerns over slow internet connectivity, stating. Read more

A major milestone has emerged for Pakistan’s automobile industry, as ADM Group has announced a $250 million investment for the manufacturing of electric. Read more

The benchmark KSE-100 Index concluded Thursday’s trading session at 78,105.98, showing an increase of 228.57 points or 0.29%. Read more

Regassified Liquefied Natural Gas (RLNG) prices for August 2024 have been raised by up to 4.6% for Sui Northern Gas Pipelines Limited (SNGPL) and 3.19%. Read more

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs257,400 per tola, down Rs300. Read more

Pakistan’s total debt servicing (principal and interest) by the government reached $16.93 billion at the end of FY24. Read more

The government’s total domestic debt and liabilities have increased by 17.89% YoY to Rs46.75 trillion in June 2024, compared to Rs39.65tr in June 2023. Read more

The total debt of the central government increased by 13.27% YoY to Rs68.91 trillion in June 2024, compared to Rs60.84tr in June 2023, the data released. Read more

The net receipts of Savings Mobilized by National Savings Schemes (NSS) stood at Rs1.63 billion in June as compared to payments of Rs3.96bn in the previous. Read more

Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar expressed optimism yesterday that Pakistan would soon be included in the G20 club as a rapid. Read more

The Central Development Working Party (CDWP) approved 12 development projects worth Rs265 billion rupees on Tuesday, according to a news release published. Read more

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Posted on: 2024-08-16T06:00:00+05:00