August 22, 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 Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual. Read more
Pakistan plans to unveil currency notes of all denominations with a new design next year to improve security features. Read more
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs396.8 billion. Read more
The return on bank deposits has increased by 79 basis points to 11.09% in July 2024 compared to the deposit rate of 10.29% last month. Read more
The Pakistani rupee (PKR) depreciated by 18.2 paisa or 0.07% against the US dollar in Wednesday’s interbank session to settle the trade at PKR 278.52 per USD. Read more
The benchmark KSE-100 Index concluded Wednesday’s trading session at 78,260.85, showing an increase of 515.33 points or 0.66%. Read more
Pakistan’s yield curve has been inverted for 20 months, longest in at least 2 decades. The inversion is widely recognized as one of strongest recession. Read more
Pakistan is making good progress with the International Monetary Fund and hopes to get board approval in September for a new $7 billion loan program. Read more
Turkey’s Central Bank on Tuesday decided to maintain the one-week repo auction rate (policy rate) at 50%, a press release issued by the Central Bank. Read more
JS Global Capital Limited (PSX: JSGCL) has clarified that WhatsApp groups named ‘A54 – JS account opening group / SEBI, and UBS Securities Exchange Academy’. Read more
Crescent Steel and Allied Products Limited (PSX: CSAP) has agreed with China Harbour Engineering Company Limited (CHEC) – Al-Fajr International (AFI). Read more
As part of its strategic business plan, Big Bird Foods Limited (PSX: BBFL) has formed strategic partnerships to distribute premium products throughout. Read more
Lotte Chemical Pakistan Limited (PSX: LOTCHEM) recorded a significant increase of 307.7% in its profits during the second quarter of 2024. Read more
To revitalize Pakistan’s gems and jewelry industry, Federal Minister for Commerce Jam Kamal Khan reaffirmed the government’s commitment during a crucial. Read more
Allied Bank Limited (PSX: ABL) experienced a rise of over 25% YoY in its profitability in Q2 CY24, clocking in its profit after tax at Rs12.47 billion. Read more
Fitch Ratings believes that if Donald Trump wins a second presidential term, the primary challenges for Chinese corporates from potential US policy changes. Read more
PostEx, a Pakistan fintech, has announced a $7.3m pre-Series A funding round. Read more
The Auto Industry Development and Export Committee (AIDEC), in its 5th meeting held yesterday, agreed that a ban and penalties should be imposed on. Read more
The complete schedule for the privatization of “DISCOs” has been prepared and its final approval will be taken from the Cabinet Committee. Read more
SkyElectric has achieved a breakthrough in Japanese market by completing first phase of Japan Electrical Safety & Environment Technology Laboratories (JET). Read more
Thatta Cement Company Limited (PSX: THCCL) recorded an increase of 312.9% YoY in its profitability, clocking in its profit after tax at Rs1.28 billion. Read more
Minister for Petroleum Musadik Masood Malik on Tuesday said that the current gas tariff would remain unchanged until the winter months of December and January. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs41.82 billion WoW to Rs35.45 trillion as of August 09, 2024. Read more
The government of Pakistan has acquired an additional debt of Rs210.86 billion during the week ended August 09, 2024. Read more
The total power generation in the country increased by 0.3% YoY to 14,880 GWh during July 2024 as compared to 14,839 GWh in the same month of last year. Read more
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