MG Morning Breeze: Updates to Skim before Market

October 02, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• CPI drops to 6.9% in Sep

Pakistan inflation fell to 6.9% in September compared to 9.6% in the last month and 31.4% in September 2023, the latest data issued by the Pakistan Bureau of St Read more

• Pakistan’s real interest rate jumps to record 10.6%

Pakistan’s real interest rate has jumped to a record 10.6% following the release of the September inflation figure, which slowed to the lowest level. Read more

• Housing, energy the only category with stubborn inflation

The latest Consumer Price Index (CPI) report revealed housing and energy index is the only category where inflation continues to be stubbornly sticky. Read more

• SBP plans to borrow Rs9.65tr: Auction Calendar Oct-Dec

The government is targeting to borrow Rs9.65 trillion during the next three months from October to December 2024. Read more

• Oil gains as Middle East tensions intensify

Oil surged after the US said Iran is preparing to launch a ballistic missile attack against Israel, widening the conflict in the Middle East. Read more

• SBP simplifies conversion of conventional to Islamic banking branches

In order to facilitate banks and streamline the process for conversion of their conventional branches, SBP has decided to revamp the existing criteria. Read more

• DPC raises guarantee for depositors to Rs1m

The Deposit Protection Corporation (DPC) has increased the guarantee amount for all eligible depositors of its member banks from Rs500,000 to Rs1,000,000. Read more

• SAR, AED exchange rate in Pakistan

The exchange rates Saudi Riyal (SAR) and UAE Dirham (AED) remain largely stable in today’s open market. Read more

• PKR gains around 3 paisa against USD

The Pakistani rupee (PKR) appreciated by 2.62 paisa or 0.01% against the US dollar in Tuesday’s interbank session to settle the trade at PKR 277.69 per USD. Read more

• Reckitt Benckiser pays Rs15m fine for misleading Dettol ads

Reckitt Benckiser (RB) Pakistan has deposited a Rs15 million penalty into the national exchequer In compliance with the CCP. Read more

• PSX Closing Bell: Cooldown

Pakistan stocks rebounded on Tuesday on the back of index heavyweights Hub Power and Mari Petroleum. Read more

• BF Biosciences public subscription scheduled for Oct 02, 03

Arif Habib Limited (PSX: AHL) announced today that the public subscription for BF Biosciences Limited will take place on October 2nd and 3rd, 2024. Read more

• Money supply reaches Rs39.45tr as of Aug

The total money supply circulating within the economy till August 2024 has been recorded at Rs39.45 trillion. Read more

• EPCL restarts operations after successful maintenance

The units of Engro Polymer & Chemicals Limited (PSX: EPCL) plant that were undergoing maintenance successfully. Read more

• TRG Pakistan posts Rs30.85bn loss

TRG Pakistan Limited (PSX: TRG) incurred a loss after tax of Rs30.85 billion in the financial year 2024, translating into loss per share (EPS) of Rs56.56. Read more

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