September 10, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Workers’ remittances have increased by 40.5% YoY in August to $2.94 billion, compared to $2.09bn in the same month of last year. Read more
SBP is expected to cut its policy rate by 150bps as a significant slowdown in inflation gives policymakers enough room to continue monetary easing. Read more
Pakistan’s eagerly awaited $7 billion bailout package is not on the International Monetary Fund (IMF) executive board’s agenda until September 18. Read more
Millat Tractors Limited (PSX: MTL) recorded an increase of 64.4% in its profits. Read more
Up to 50% of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets, BYD Pakistan, a partnership between. Read more
Pakistan is renegotiating contracts with independent power producers to rein in “unsustainable” electricity tariffs, the head of the power ministry said. Read more
The unprecedented tax measures causing a significant rise in cement prices have led to a steep decline in demand, with August dispatches falling by 25.68%. Read more
Descon Oxychem Limited (PSX: DOL) earned a profit after tax of Rs84.62 million [EPS: Rs0.48] in the quarter ending June 2024, down 15.2%. Read more
Marking a significant expansion in LCI’s pharmaceutical footprint, Lucky Core Industries Limited (PSX: LCI) has acquired Pfizer Pakistan. Read more
AKD Securities Limited (AKDSL), Munir Khanani Securities Limited, and Arif Habib Limited (AHL) emerged as the top three brokers among the recipients. Read more
The Pakistan Stock Exchange (PSX) has informed all Listed Companies and TRE Certificate Holders that the Securities and Exchange Commission of Pakistan. Read more
The benchmark KSE-100 Index concluded Monday’s trading session at 78,615.00, showing a decrease of 282.72 points or 0.36%. Read more
The Pakistani rupee (PKR) depreciated by 13.38 paisa or 0.05% against the US dollar in Monday’s interbank session to settle the trade at PKR 278.7 per USD. Read more
Oil rose from its lowest close since 2021, clawing back some of last week’s deep decline as the focus shifts to key reports on the market’s outlook. Read more
Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs260,400 per tola, down Rs1,100. Read more
Attock Cement Pakistan Limited (PSX: ACPL) has the third tranche of $5.85 million against the sale of its 4.5m shares in its subsidiary Saqr Al Keetan. Read more
China’s core inflation cooled to the weakest in more than three years, fueling calls for greater efforts to boost household spending. Read more
BF Biosciences Limited, a subsidiary of Ferozsons Laboratories Limited (PSX: FEROZ), has secured approval from the Drug Regulatory Authority of Pakistan. Read more
FLSmidth, a Danish company has identified vast potential in Pakistan’s geology, especially in Balochistan’s Tethyan Metallogenic Belt, to explore crucial. Read more
The National Task Force on Human Resource and Skill Development held its second meeting, during which Minister Ahsan Iqbal directed all stakeholders. Read more
Artistic Milliners (Private) Limited has decided not to proceed with the acquisition of Dawood Lawrencepur Limited (PSX: DLL)’s subsidiary. Read more
Copyright Mettis Link News
Posted on: 2024-09-10T06:00:00+05:00
