September 02, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The headline inflation for August is expected to slow down with an average estimate of 9.6% YoY compared to 11.1% YoY in the previous month. Read more
The Federal Board of Revenue (FBR) is facing a revenue shortfall of over Rs100 billion for August, sources close to the matter revealed. Read more
The federal government has once again reduced the price of petrol by Rs1.89 to Rs259.1 per litre. Read more
Moody’s Ratings (Moody’s) has upgraded the long-term deposit ratings to Caa2 from Caa3 of five Pakistani banks. Read more
The Oil and Gas Regulatory Authority (OGRA) has raised the price of Liquefied Petroleum Gas (LPG) by Rs7 per kg for September 2024. Read more
Inflation is projected to hover around 9.5-10.5% in August and further decline to 9-10% in September 2024, according to the Finance Ministry’s Read more
Pakistan’s economic growth is set to rise gradually in the long run, though the nation’s inability to tackle deeper structural issues like corruption. Read more
The benchmark KSE-100 Index closed this week at 78,488 showing a decrease of 313 points or 0.4% in both PKR and USD terms. Read more
The Pakistani rupee (PKR) appreciated by 10.44 paisa or 0.04% against the US dollar in Friday’s interbank session to settle the trade at PKR 278.54 per USD. Read more
To facilitate investor participation in Initial Public Offerings (IPOs), 1Link, with the support of the central bank, has instructed all its member banks. Read more
The total money supply (M3) circulating within the economy till July 2024 has been recorded at Rs39.2 trillion, according to provisional accounts. Read more
Pakistan imported $5 million worth of LPG, motor oil, and similar products from various countries last year, which could instead be produced. Read more
Following Muhammad Fakhre Alam Irfan’s appointment as Secretary of the Power Division, he has been nominated as a director on the Board of K-Electric. Read more
Pakistan’s short-term inflation decreased for the third straight week, going down by 0.62% WoW during the week ended August 29, 2024, while the annual. Read more
The Securities and Exchange Commission of Pakistan (SECP) has confirmed the previously granted conditional permission for The Pakistan General Insurance. Read more
KSB Pumps Company Limited (PSX: KSBP) has requested the Pakistan Stock Exchange (PSX) to issue a ‘No Objection Certificate’ in favor of Habib Metropolitan. Read more
Pakistan’s assessment of debt sustainability is based on an unrealistic projection of a sharp decline in debt over the next five years. Read more
The federal government has worked out a new strategy to control the grey market with the support of the Special Investment Facilitation Council (SIFC). Read more
United Bank Limited (PSX: UBL) and PwC have entered into a strategic partnership to implement Oracle Fusion Cloud HCM, marking a pivotal step. Read more
Atlas Pension Islamic Fund-Equity Sub-Fund has activated its Non-Broker Clearing Member account with the National Clearing Company of Pakistan Limited (NCCPL. Read more
The cumulative water storage in major reservoirs – Tarbela, Mangla, and Chashma – has been recorded at 11.506 million acre feet (MAF). Read more
The Port Qasim Electric Power Company (PQEPC) delegation was informed yesterday that the government is taking several steps to facilitate the launch. Read more
The Economic Coordination Committee (ECC) of the Cabinet allowed the Ministry of Communications/National Highway. Read more
The privatization of loss-making State Owned Entities is the priority so this important issue should be dealt with quickly according to rules. Read more
The State Bank of Pakistan (SBP) has announced the designation of D-SIBs for the year 2024. Read more
Oil & Gas Development Company Limited (PSX: OGDC) along with Orient Petroleum & GHPL has made the gas. Read more
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Posted on: 2024-09-02T06:00:00+05:00
