MG Morning Breeze: Updates to Skim before Market

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MG News | November 08, 2024 at 06:15 AM GMT+05:00

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November 08, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $18 million or 0.16% WoW to $11.175 billion during the week ended on November 01. Read more

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with outgoing Japanese Ambassador to Pakistan Mitsuhira Wada to discuss longstanding bilateral cooperation. Read more

The benchmark KSE-100 Index concluded Thursday's trading session at 92,520.48, showing an increase of 499.04 points or 0.54%. Read more

The government is targeting to raise Rs8.7 trillion during the three months from November to January 2024, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate. Read more

The Pakistani rupee (PKR) weakened by 5.38 paisa or 0.02% against the US dollar in Thursday's interbank session to settle the trade at PKR 277.95 per USD. Read more

The State Bank of Pakistan (SBP) has withdrawn its instructions regarding the self-assessment compliance program for the Clean Note Policy (CNP) by commercial banks. Read more

More than 900 people have been admitted to hospital in a single day in the Pakistani megacity of Lahore due to air pollution, the local government said. Read more

Gold price in Pakistan slumped Rs5,400 on Thursday, with 24-karat gold being sold at Rs276,800 per tola.. Read more

GCIL has successfully commissioned Pakistan's largest and the company's 5th new state-of-the-art industrial and medical gases manufacturing plant (having capacity of 275TPD) at Hattar Special Economic Zone, District Haripur. Read more

Minister for Industries and Production Rana Tanveer Hussain has said the Electric Policy will be announced by the end of this month to promote electric vehicles in the country. Read more

Nestlé has reaffirmed its commitment to the government’s vision for Pakistan’s economic growth by unveiling its $50 million packaged food exports vision till 2030. Read more

The National Electric Power Regulatory Authority (NEPRA) has reviewed and assessed a National Average Uniform decrease of Rs.1.2754/kWh in the applicable tariff for XWDISCOs on account of variations in the fuel charges for September 2024. Read more

 The PSX has issued a notice informing all securities brokers to have adequate infrastructure, including system capabilities, to ensure connectivity with both the primary and Disaster Recovery (DR) sites of PSX for the smooth continuation of operations. Read more

The government plans to transform the transportation landscape by setting up 10,000 electric vehicle (EV) charging stations by 2030. Read more

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