November 27, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Investors who were eagerly anticipating the market to break its destined 100,000 mark well ahead of the December target are now shifting towards severe. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs129.89 billion. Read more
After imposing a fee on large month-end deposits, Meezan Bank Limited (MEBL) and Bank AL Falah (BAFL) have now decided to remove the recently introduced. Read more
Pakistani and Chinese companies on Tuesday signed 13 memorandums of understanding (MoUs) valued at $250 million on fostering joint ventures. Read more
Exchange companies quoted SAR at 73.56 for buying and 74.18 for selling. AED followed suit, with a buying rate of PKR 75.32. Read more
Automobile financing in Pakistan has increased to Rs235.88bn in October 2024, witnessing a rise of 3.67% MoM compared to Rs227.54bn recorded in September 2024. Read more
Gold price in Pakistan again fell on Tuesday, with 24-karat gold being sold at Rs274,300 per tola, down Rs4,100. Read more
The Pakistan Stock Exchange (PSX) suffered a major setback today as the political unrest caused by ongoing protests prompted bears to enter the market. Read more
The entire shareholding of Awwal Modaraba Management Limited (AMML) has been successfully transferred to Wasi Investment Finance Limited after the completion. Read more
The Pakistani rupee (PKR) depreciated by 8.85 paisa or 0.03% against the US dollar in Tuesday’s interbank session to settle the trade at PKR 277.84 per USD. Read more
Indus Motor Company Limited (PSX: INDU) has decided to temporarily suspend operations at its production facility from November 27, 2024, to November 29, 2024. Read more
Kot Addu Power Company Limited (PSX: KAPCO) has emerged as the lowest bidder for K-Electric’s proposed. Read more
Gold prices experienced a significant drop of $89.15 as per the previous close dropping to 2,625.62 from the prior day’s $2,714.61 amid fears of trade. Read more
The Federal Minister for Finance and Revenue Muhammad Aurangzeb has lauded the World Bank’s continued. Read more
Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) informed market participants today that the company’s boiler will be shut down due to planned work. Read more
Pakistan stocks experienced a seesaw journey in the early trading hours on Tuesday, with the benchmark index rising by as much as 1,739.81 points. Read more
Pakistan, which is heavily dependent on fuel-based revenues, is set to suffer a significant decline as the population and the country transition to electric. Read more
Pakistan and Belarus aim to strengthen climate change adaptation. Read more
Hydropower production in Canada is plummeting as extreme weather linked to climate change, particularly sudden swings between drought and flood. Read more
Chinese tech giant Huawei will on Tuesday launch its first smartphone equipped with a fully homegrown operating system, a key test in the firm’s fight to challenge the dominance. Read more
The Executive Committee of the National Economic Council has approved ten projects costing Rs172.7 billion. Read more
The State Bank of Pakistan (SBP) has notified today that the Minimum Profit Rate requirement shall not be applicable to the deposits of financial. Read more
Trump said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs. Read more
The State Bank of Pakistan (SBP) has decided that Islamic Banking Institutions (IBIs) shall pay profit on their PKR saving deposits equivalent to at least 75%. Read more
The Board of Directors of Matco Foods Limited (PSX: MATCO) has approved the exploration and evaluation of strategic options to raise growth capital. Read more
Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, has strongly criticized the Pakistan Civil Aviation Authority (PCAA). Read more
Global sovereign credit conditions are neutral entering 2025, as only a mild slowdown in world economic growth and further cuts to policy. Read more
Copyright Mettis Link News
Posted on: 2024-11-27T07:00:31+05:00
