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Mettis Global News

MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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October 18, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The State Bank of Pakistan (SBP) conducted an auction on Thursday in which it sold Pakistan Investment Bonds (PIBs) worth Rs197.39 billion. Read more

Mega Motor Company (Private) Limited has entered into a Master Supply and Manufacture Agreement with BYD Auto Industry Company Limited to manufacture, market. Read more

D.G. Khan Cement Company Limited  (PSX: DGKC) on Thursday topped analysts’ estimates for first-quarter profit as its finance costs eased more than anticipated. Read more

Bank Alfalah Limited’s (PSX: BAFL) earnings for the quarter ended September 2024 surged past market expectations, reporting an unconsolidated profit after tax. Read more

The Searle Company Limited (PSX: SEARL) has officially denied circulating rumours regarding its interest. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) jumped further by $214.7 million or 1.99% WoW to $11.02 billion during the week. Read more

Fertilizer sales, including urea and DAP, fell 26% compared to last year amid weak agronomic conditions during September 2024. Read more

Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) against PKR remained firm in today’s session. Read more

Pakistan stocks sank on Thursday after hitting their 40th record in the previous session, with the benchmark KSE-100 Index shedding 620.23 points or 0.72%. Read more

Pakistan Stock Exchange’s (PSX) issuance of GoP Ijarah Sukuk (GIS), through the Capital Market Infrastructure, has crossed the Rs1 trillion mark. Read more

The Pakistani rupee (PKR) appreciated by 5.00 paisa or 0.02% against the US dollar in Thursday’s interbank session to settle the trade at PKR 277.79 per USD. Read more

Federal Finance and Revenue Minister, Senator Muhammad Aurangzeb, has reiterated the government’s commitment to increasing the country’s tax-to-GDP ratio. Read more

The State Bank of Pakistan (SBP) has projected real GDP growth between 2.5% and 3.5% for FY25. Read more

Lucky Motor Corporation Limited (Formerly KIA Lucky Motors Pakistan Limited) announced on Wednesday that it has signed a strategic MOU with Meezan Bank. Read more

Systems Limited and EVAM have officially signed a Memorandum of Understanding (MoU), marking a new era of technological synergy. Read more

Lack of trust among member nations of the Shanghai Cooperation Organization is damaging economic and trade ties, India’s External Affairs Minister said. Read more

President Asif Ali Zardari reaffirmed Pakistan’s commitment to the early completion of the TAPI Gas Pipeline project, stating that the initiative. Read more

The Sindh Board has formally adopted a new grading system for matriculation and intermediate exams. Read more

The Benazir Income Support Program (BISP) has added six more banks to its network for cash transfers, which will reduce the reliance on a few banks. Read more

Indian External Affairs Minister S. Jaishankar has concluded his visit to Pakistan after attending. Read more

The CPEC Phase-II would help bring economic prosperity to the people of Pakistan, Federal Minister for Planning and Development Ahsan Iqbal stated on Wednesday. Read more

IBCC has introduced a new grading system for Secondary School Certificate (SSC) and Higher Secondary School Certificate (HSSC) examinations. Read more

Pakistan and the Shanghai Cooperation Organization (SCO) have jointly condemned rising protectionist trade measures by the U.S., Canada. Read more

PACRA has maintained Secure Logistics Group Limited’s (PSX: SLGL) entity ratings, with a long-term rating of A+ and a short-term rating of A1. Read more

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Posted on: 2024-10-18T06:00:00+05:00