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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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November 14, 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 Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs776 billion. Read more

SBP conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs540 billion for 5 and 10 years semiannual bonds. Read more

A signing ceremony for Exchange of Notes and Record of Discussion between the Governments of Japan and Pakistan regarding Japanese grant in aid project. Read more

The shareholders of Rousch (Pakistan) Power Limited approved a proposal for the early termination of the Power Purchase Agreement (PPA) in their meeting today. Read more

Demand for loans decreased in the first quarter of fiscal year 2024-25 compared to the previous quarter. Read more

Shareholders of Mitchells Fruit Farms Ltd. (PSX: MFFL) collectively holding 40.63% of the company’s issued share capital are evaluating various strategic option Read more

Oil & Gas Development Company Limited (PSX: OGDC) has started production from the Uch-35 development well. Read more

Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic alliance with CashNow, Pakistan’s pioneering supply chain finance platform. Read more

The benchmark KSE-100 Index concluded Wednesday’s trading session at 93,355.42, showing an increase of 130.86 points or 0.14%. Read more

Gold rebounded from a near 8-week low on Wednesday, with 24-karat gold being sold at Rs271,900 per tola, up Rs1,400. Read more

The Federal Board of Revenue (FBR) has introduced the new payment creation system, ePayment 2.0, available within the IRIS 2.0 portal, an advanced platform. Read more

The Pakistani rupee (PKR) rose by 7.65 paisa or 0.03% against the US dollar in Wednesday’s interbank session to settle the trade at PKR 277.85 per USD. Read more

CCL Holdings (Pvt.) Limited has submitted a Public Announcement of Intention to acquire voting shares and control of Mitchells Fruit Farms Limited (PSX: MFFL). Read more

The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in October 2024. This brings the total number of companies registered. Read more

The Central Development Working Party (CDWP) has approved 7 development projects worth Rs559.766 billion during its meeting chaired by Minister PDSI & Deputy. Read more

Foreign investors maintained a strong interest in Pakistani T-Bills, injecting $94.37 million in the first 25 days of October 2024. Read more

PSBA has called out SECP for filing references in the Banking Court without following proper procedures. Read more

ECC of the Cabinet has approved five key areas as part of the Federal Board of Revenue (FBR) transformation plan. Read more

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Posted on: 2024-11-14T06:00:00+05:00