August 20, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan has recorded a current account deficit of $162 million,the latest data issued by the State Bank of Pakistan (SBP) revealed today. Read more
Pakistan has recorded a Foreign Direct Divestment of $141m in July, compared to an outflow through FDI worth $77m in the Same Period Last Year (SPLY), the. Read more
Pak Rupee’s Real Effective Exchange Rate Index (REER) increased by 1.41% MoM in July 2024 to a provisional value of 101.47. Read more
Cotton arrivals in Pakistan fell 49.2% to 1.075 million bales as of August 15, 2024, as compared to 2.115m bales in the same period of last year. Read more
Telecommunications, Computer, and Information Services made the largest contribution to the export of services with an amount of $286 million in July. Read more
The shareholders of Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) have approved the sale of land owned by the company, measuring 166.387 acres and located. Read more
K-Electric Ltd. plans to nearly double Pakistan’s solar capacity by adding 640 megawatts of clean energy to its portfolio in the next two years. Read more
Bank Alfalah Ltd. (PSX: BAFL) is open to further acquisitions to boost growth as the South Asian nation tries to emerge from a chronic economic crisis. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs321.63 billion WoW to Rs35.41 trillion as of August 02, 2024. Read more
The government of Pakistan has acquired an additional debt of Rs377.5 billion during the week ended August 02, 2024. Read more
The benchmark KSE-100 Index concluded Monday’s trading session at 77,830.34, showing a decrease of 214.96 points or 0.28%. Read more
The Pakistani rupee (PKR) appreciated by 10 paisa or 0.04% against the US dollar in Monday’s interbank session to settle the trade at PKR 278.44 per USD. Read more
JazzCash has launched its latest feature enabling over 350,000 businesses across country to accept payments through their smartphones. Read more
Baluchistan Wheels Limited (PSX: BWHL) earned a profit after tax of Rs77.27 million [EPS: Rs5.8] during the second quarter of 2024, a significant jump of 153.6% Read more
Ghandhara Tyre and Rubber Company Limited (PSX: GTYR) has announced that it has entered into a Technical Services Agreement with Shandong Huasheng Rubber. Read more
Gold price in Pakistan edged lower on Monday after hitting a record in the previous session, with 24-karat gold being sold at Rs260,000 per tola, down Rs200. Read more
Chakwal Spinning Mills Limited (PSX: CLOUD) has signed a term sheet for an investment of Rs7.784 billion with PNO Capital Limited to launch data center. Read more
China emerged as the largest investor in Pakistan in July 2024, with a net direct investment of $45.06m, followed by the Hongkong and United Kingdom which. Read more
Pakistan’s Power Sector witnessed the highest net Foreign Direct Investment (FDI) worth $62.16 million in July 2024, as per the latest data. Read more
Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during July 2024. Read more
The import bill of the petroleum group grew to $1.22 billion in July 2024, marking an increase of 39.97% YoY compared to the import bill of $874.76m. Read more
The country’s total textile exports increased by 4.23% YoY to $1.38bn in July 2024 compared to $1.32bn in July 2023, data released by the State Bank. Read more
The USA remained the top export destination for Pakistan during July 2024, with $476.02 million worth of shipments, up by 8.2%. Read more
1LINK, one of the country’s largest payment gateways, has denied reports circulating on social media about ATM closures. Read more
The Federal Board of Revenue (FBR) has announced an extension for the submission of Sales Tax and Federal Excise Returns for the tax period of July 2024. Read more
SBP, in order to facilitate small and medium-sized enterprise (SME) sector’s access to finance, has increased the clean lending limit by 100% to Rs10 million. Read more
Finally, the worth-hyped BYD, a global frontrunner in electric vehicles and renewable energy solutions, made a significant entry into the Pakistani. Read more
Pakistan Oilfields Limited has discovered hydrocarbons as a result of Drill Stem Test (DST) conducted at the Razgir-1 well. Read more
Copyright Mettis Link News
Posted on: 2024-08-20T06:00:00+05:00
