September 28, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan LNG Limited (PLL), the state-owned company that procures Liquefied Natural Gas (LNG) and deliver Natural Gas to Pakistan has invited bids for 2 LNG Cargoes from international suppliers. Read more
The Pakistani rupee (PKR) sustained its upward momentum, appreciating by over 1 rupee against the US dollar in Wednesday's interbank session to settle at PKR 288.75 per USD. Read more
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs256.2 billion into the market. Read more
The caretaker government is likely to reduce the Public Sector Development Program (PSDP) by Rs150 billion to Rs200bn for the current fiscal year. Read more
The Securities and Exchange Commission of Pakistan (SECP) has issued standardized formats of documents, along with step-by-step guidance, for the registration of private funds as a notified entity. Read more
The Board of Directors of Pakistan Hotels Developers Limited (PSX: PHDL) on Wednesday decided to provide the photocopies of the Hotel Property documents i.e. Survey No. 195/1 and 195/2, to SIUT Trust for the due diligence. Read more
Pakistan Hotels Developers Limited (PSX: PHDL) has reported a profit of Rs44.13 million [EPS: 13.84] for the fiscal year 2023. Read more
The Pakistan National Shipping Corporation Limited (PNSC) had a stellar year in FY23, posting a profit after tax of Rs29.99 billion, a massive increase of 5.31x YoY from Rs5.65bn in FY22. Read more
Indus Motor Company Limited (PSX: INDU) has decided to completely shut down its production plant from September 28 to October 09, 2023. Read more
The Board of Directors of Allied Bank Limited (PSX: ABL) has approved the establishment of an Exchange Company with an initial paid-up capital of up to Rs1 billion. Read more
Towellers Limited (PSX: TOWL) soared to new heights of success in FY23, posting a whopping 2.25x YoY increase in its net profit. Read more
The Board of Engro Corporation Limited (PSX: ENGRO) has authorized the company the restructure and/or reorganize its Thermal Energy Assets under a separate wholly-owned holding company. Read more
Engro Polymer & Chemicals Limited (PSX: EPCL) and Sui Southern Gas Company Limited (PSX: SSGC) have agreed to extend the term for the supply of gas up till October 15, 2023. Read more
The Pakistan Stock Exchange (PSX) traded sideways for the third day in a row, with no major catalysts in sight as investors waited for a clear direction. Read more
The banking sector spread for the month of August 2023 has increased by 53 basis points (bps) MoM to 7.63% as compared to a spread of 7.09% in July 2023. Read more
The official reserve assets, including foreign currency reserves, IMF reserve position, Special Drawing Rights (SDRs), gold, and other reserve assets, stood at $12.97 billion as of August 31, 2023. Read more
Repatriation of profit and dividends by foreign investors soared by 74.47% YoY in 2MFY24 to $49.2 million compared to $28.2m in the same period last year. Read more
Copyright Mettis Link News
Posted on: 2023-09-28T06:15:00+05:00
