August 29, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

PKR falls by 13 paisa against greenback

The Pakistani rupee (PKR) depreciated by 12.89 paisa or 0.05% against the US dollar in Wednesday's interbank session to settle the trade at PKR 278.45 per USD, compared to the previous closing of 278.32. Read more

PSX Closing Bell: Still Waters

The benchmark KSE-100 Index concluded Wednesday's trading session relatively flat at 77,992.78, showing a marginal decrease of 91.45 points or 0.12%. Read more

Bank Makramah’s losses narrow in Q2 2024

Bank Makramah Limited (PSX: BML) has continued its loss-making journey as the bank witnessed a loss of Rs625.33 million for the quarter ended June 30, 2024 (Q2 2024) compared to Rs799.3m negative bottom line recorded in the same quarter last year (SPLY). Read more

ECC likely to approve revision of home remittances schemes

The Economic Coordination Committee (ECC) of the Cabinet, in its meeting which is scheduled to be held on August 29, 2024, at 1400 hours, will likely approve the Finance Ministry's proposal for revising the Home Remittances Schemes. Read more

PKGP announces Rs3 DPS, earns Rs2.2bn in Q2 CY24

PAKGEN Power Limited (PSX: PKGP) experienced a rise of 20.1% YoY in its profits, earning a profit after tax of Rs2.15 billion [EPS: Rs5.77], compared to a profit of Rs1.79bn [EPS: Rs4.8] in SPLY. Read more

LPL earns Rs1.6bn in three months, rewards shareholders

Lalpir Power Limited (PSX: LPL) revealed its earnings for the quarter ended June 30, 2024 (Q2 CY24), wherein the profit after tax clocked in at Rs1.6 billion [EPS: Rs4.22] compared to a profit of Rs1.17bn [EPS: Rs3.09] in SPLY. Read more

BOK earns Rs760.1m in Q2 CY24

The Bank of Khyber (PSX: BOK) disclosed a stable profit of Rs760.13m [EPS: Rs0.66] for the quarter ended June 30, 2024, inching up (+1.34%) compared to the earnings of Rs750.1m [EPS: Rs0.65] reported in the same quarter last year. Read more

Foreign investors repatriate $139m from Pakistan in July

Foreign investors' repatriation of profit and dividends rose significantly to $139.13 million in July compared to $2.16m worth of repatriation in the same period last year, the latest data issued by the central bank revealed. Read more

FABL’s profit jumps to Rs7bn in Q2 CY24, declares Rs2 dividend

Faysal Bank Limited (PSX: FABL) reported a profit of Rs6.95 billion (EPS: Rs4.58) for the second quarter (Q2 CY24) ending June 30, 2024, reflecting a growth of approximately 60% compared to Rs4.35bn (EPS: Rs2.87) earned in Q2 CY23. Read more

ISIL posts Rs6.2bn profit in FY24, declares Rs10 DPS

Ismail Industries Limited (PSX: ISIL) recorded a decrease of around 4% YoY in its earnings for FY24, clocking in its profit after tax at Rs6.13 billion [EPS: Rs92.41], compared to a profit of Rs6.38bn [EPS: Rs96.17] reported in the previous fiscal year. Read more

JS Bank to launch currency exchange company with Rs700m capital

The Board of Directors of JS Bank Limited (PSX: JSBL) in its meeting held today has approved the establishment of a currency exchange company with an initial paid-up capital of Rs700 million as a wholly owned subsidiary of the bank. Read more

Ikram Ullah Khan appointed as director on Bank of Khyber board

The Bank of Khyber (PSX: BOK) announced today that Ikram Ullah Khan will also represent the Khyber Pakhtunkhwa government as a director on the bank's board. Read more

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