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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 21, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The Competition Commission of Pakistan (CCP) is currently conducting an in-depth Phase II Merger analysis in response. Read more

Total inflows through Roshan Digital Accounts (RDA) during July 2024 stood at $161 million, bringing the total cumulative inflows to $8.42 billion. Read more

Automobile financing in Pakistan has dropped to Rs228bn in July 2024, witnessing a fall of 1.09% MoM compared to Rs230.5bn recorded in June 2024. Read more

Pakistan’s eagerly awaited $7 billion bailout package is not on the International Monetary Fund (IMF) executive board’s agenda. Read more

Gold is in record-setting form, topping $2,500 an ounce on expectations that the Federal Reserve is poised to cut US interest rates. Read more

The benchmark KSE-100 Index concluded Tuesday’s trading session at 77,745.52, showing a decrease of 84.82 points or 0.11%. Read more

The Pakistani rupee (PKR) appreciated by 10 paisa or 0.04% against the US dollar in Tuesday’s interbank session to settle the trade at PKR 278.34 per USD. Read more

Descon Engineering has successfully completed the EnVen Project at the ENGRO Fertilizer Plant (EFERT) in Dharki, as shared by the company in its latest. Read more

Gold price in Pakistan rose to a fresh record on Tuesday, with 24-karat gold being sold at Rs260,700 per tola after a gain of Rs700. Read more

To battle against air pollution, the government is kicking off the Montreal Protocol Project nationwide worth $594,748 in collaboration with United Nations. Read more

While discussing the performance of Science, Technology, Engineering, and Mathematics (STEM) of Pakistan Science Foundation, Chairman Committee Kamil Ali. Read more

The government’s burden of sales tax refund payments to exporters and companies has reached a staggering Rs85 billion, according to sources, causing. Read more

Oil extended its drop after slumping over 2% yesterday as the US said Israel accepted a cease-fire proposal in Gaza, potentially easing supply risks. Read more

The Board of Directors (BoD) of UBL Pakistan Enterprise ETF (PSX: UBLPETF) has appointed Asif Ali Qureshi as the new Chief Executive Officer (CEO). Read more

To discuss Pakistan’s economic outlook and explore investment opportunities, the President/GCEO of Mashreq Bank met with Federal Minister for Finance. Read more

The Institute of Strategic Studies Islamabad (ISSI) signed a Memorandum of Understanding (MoU) with the Center for Scientific and Analytical Information. Read more

Finally the wait for the bondholders across the country is over as the government has officially. Read more

The Competition Commission of Pakistan (CCP) has issued show-cause notices to the Transporters of Goods Association (TGA). Read more

Air Link Communication Limited (PSX: AIRLINK), a key player in the Pakistani technology sector, has secured an exclusive. Read more

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Posted on: 2024-08-21T06:00:00+05:00