October 02, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
September 2023 will be no different as the headline inflation for September 2023 is expected to settle around at 30.54% – 31.6% with an average estimate of 31% YoY compared to 27.4% YoY in the last month and 23.2% YoY in September 2022. Read more
The Pakistani rupee (PKR) had been experiencing its fair share of challenges over the past few months, but September emerged as a month of renewed hope, buoyed by the army-backed administrative reforms to save the sinking ship. Read more
The price of Liquefied Petroleum Gas (LPG) has been raised by Rs20.86 per kg, the latest notification issued by the Oil and Gas Regulatory Authority (OGRA) showed. Read more
The Federal Board of Revenue on Saturday extended the deadline for filing Income Tax Returns for tax year 2023 from September 30 to October 31, 2023. Read more
The Federal Board of Revenue (FBR) has successfully surpassed the revenue target for the first quarter of FY24 by collecting Rs2.041 trillion tax revenues as against the set target of Rs1.977tr. Read more
The caretaker government on Saturday slashed the petrol and High-Speed Diesel (HSD) prices by Rs8 and Rs11 per litre to Rs323.38 and Rs318.18 per litre, respectively. Read more
FTSE has included Pakistan in the watch list for potential demotion, moving from Secondary Emerging to Frontier market status. Read more
CCP has granted approval to a UAE-based company for the acquisition of two entities. Read more
Pakistan and the Gulf Cooperation Council (GCC) concluded the final round of negotiations on the Pakistan-GCC FTA (PAK-GCC FTA) in Riyadh, Saudi Arabia. Read more
Pakistan is expected to receive a cumulative sum of $1.4 billion from the International Monetary Fund (IMF), World Bank, and Islamic Development Bank (IsDB) in the current fiscal year 2024. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $58.6 million or 0.76% WoW to $7.64 billion during the week ended on September 22, 2023. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.02% WoW during the week ended September 27, 2023. Read more
The Pakistan Stock Exchange (PSX) ended the shortened trading week on a negative note, as investors remained cautious amid rising global oil prices and a lack of positive triggers. Read more
The Board of Directors of Cordoba Logistics & Ventures Limited (PSX: CLVL) on Thursday approved the investment worth Rs1.007 billion in Finox (Pvt.) Limited and Cordoba Leasing Limited. Read more
Citi Pharma Ltd. (PSX: CPHL) 's profit for the FY23 inched up by 0.66% YoY to Rs657.98 million [EPS: 2.88]. Read more
Engro Corporation Limited (PSX: ENGRO) has entered into an in-principle understanding with a potential acquirer for the proposed divestment of its select thermal energy assets by way of a scheme of arrangement. Read more
The Searle Company Limited (PSX: SEARL) saw its net profit plummet by 82.9% YoY to Rs413.05 million [EPS: Rs0.8] in FY23. Read more
Pioneer Cement Limited (PSX: PIOC’s) profit for FY23 soared by 2.49x YoY to Rs2.61 billion [EPS: 11.50]. Read more
The Hydrogen Production Unit (HPU) of the National Refinery Limited (PSX: NRL) has resumed normal operations. Read more
Oil and Gas Development Company Limited (PSX: OGDC) struck it rich in FY23, experiencing a remarkable 67.9% YoY surge in profitability. Read more
At-Tahur Limited (PSX: PREMA) has reported a profit of Rs1.25 billion [EPS: 5.71] for the fiscal year 2023. Read more
The Board of Directors of Faysal Bank Limited (PSX: FABL) has approved the establishment of an Exchange Company with an initial paid-up capital of up to Rs1 billion. Read more
Nishat Chunian Limited (PSX: NCL) unveiled its financial statements for FY23, wherein the loss after tax clocked in at Rs752.63 million [LPS: Rs3.63]. Read more
The Board of Directors (BoD) of Pakistan Petroleum Limited (PSX: PPL) has decided to evaluate a potential engagement with sovereign foreign investors with respect to the Reko Diq Project. Read more
Copyright Mettis Link News
Posted on: 2023-10-02T07:27:10+05:00
