August 28, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan’s eagerly awaited $7 billion bailout package is not on the International Monetary Fund (IMF) executive board’s agenda until September 06. Read more
The benchmark KSE-100 Index concluded Tuesday’s trading session at 78,084.23, showing a decrease of 486.82 points or 0.62%. Read more
The Pakistani rupee (PKR) appreciated by 9.62 paisa or 0.03% against the US dollar in Tuesday’s interbank session to settle the trade at PKR 278.32 per USD. Read more
The State Bank of Pakistan (SBP) has issued the license for the commencement of operations to Askari Currency Exchange (Pvt.) Limited, a fully-owned. Read more
Prime minister Shehbaz Sharif has instructed that the E-Office system be implemented in the Prime Minister’s Office/Secretariat within the next three days. Read more
The Board of Directors of The Thal Industries Corporation Limited (PSX: TICL) has directed that the proposed acquisition of 112 Kanal 11 Marla of freehold. Read more
Fatima Fertilizer Company Limited (PSX: FATIMA) recorded a profit of Rs5.08 billion [EPS: Rs2.42] in the quarter ending June 2024, and hiked dividend. Read more
JS Bank Limited (PSX: JSBL)’s earnings on an unconsolidated basis during the second quarter of 2024 surged by 61.88%, booking a profit of Rs1.05bn. Read more
Samba Bank Limited (PSX: SBL) earned Rs304.25m [EPS: Rs0.3] during the quarter ended June 30, 2024 (Q2 CY24) compared to a profit of Rs426.31m [EPS: Rs0.42]. Read more
PSO, the nation’s largest energy company, showcased impressive financial performance and strategic prowess in a challenging market. Read more
The Board of Directors of Faran Sugar Mills Limited (PSX: FRSM) has decided to increase the company’s paid-up share capital by issuing an additional 14.5. Read more
Fauji Cement Company Limited (PSX: FCCL) reported a profit after tax of Rs1.18 billion [EPS: Rs0.48] during the second quarter of 2024, up 150%. Read more
Dewan Sugar Mills Limited (PSX: DWSM) will remain listed in the Defaulters’ Segment despite having paid its outstanding penalty to PSX for rectifying. Read more
IFU Investment Partners K/S (IIP) and The Investment Fund for Developing Countries (IFU), the key strategic investors of Power Cement Limited (PSX: POWER). Read more
Enrichers Securities (Pvt) Limited has completed all relevant formalities of PSX Regulations enabling it to become an active TRE Certificate Holder. Read more
The country secured external financing worth $436.39 million in July 2024 from multiple financing sources. Read more
Asif Ali Shaikh, the acquirer who made a Public Announcement of Offer (PAO) to acquire 83.96% of the total issued and paid-up capital of Calcorp Limited. Read more
Australia will limit the number of foreign students to 270,000 in 2025 as part of a migration crackdown. Read more
To ensure transparency in the sugar market, the government will monitor increases in sugar prices and enforce compliance with retail and wholesale price. Read more
Unemployment rates have been edging upwards in the past six months in a number of large developed economies, as highlighted in Fitch Ratings’ latest ‘20/20. Read more
In alignment with the Prime Minister of Pakistan’s vision to harness the potential of the country’s burgeoning youth for economic growth, the National. Read more
A delegation of thirteen officers from the 2nd Specialized Training Course (STC) of the Pakistan Administrative Services (PAS) visited the CompetitioN. Read more
Standard Chartered Bank (Pak) Ltd (PSX: SCBPL) has maintained its strong performance, with earnings for the quarter ended June 30, 2024 (Q2 2024). Read more
Al-Ghazi Tractors Limited (PSX: AGTL) recorded an increase of 53.7% YoY in its profits, with the company’s after-tax profits rising to Rs879.93 million. Read more
WorldCall Telecom Limited (PSX: WTL) saw its loss shrink by more than 50% in the second quarter of 2024, with the after-tax loss decreasing to Rs303.21. Read more
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Posted on: 2024-08-28T06:00:00+05:00
