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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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December 05, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Pakistan International Bulk Terminal Limited (PSX: PIBTL) announced today that its infrastructure has suffered significant damage due to a serious. Read more

The net receipts of Savings Mobilized by National Savings Schemes (NSS) stood at Rs13.85 billion in October as compared to receipts of Rs13.78bn. Read more

The total government domestic debt and liabilities have increased by 16.6% to Rs47.85 trillion in October 2024, compared to Rs41.03tr in October 2023. Read more

The total debt of the central government fell 0.66% to Rs69.11 trillion in October 2024 compared to Rs69.57tr in September 2024. Read more

Global oil prices rose on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts this week while heightened geopolitical tensions. Read more

The Board of Directors of Nishat Chunian Power Limited (PSX: NCPLhas approved a revision of the tariff as proposed by the Task Force formed by the Prime. Read more

Symmetry Group has announced that it has entered into a regional partner agreement with GLU Global in Pakistan & Middle. Read more

Pakistan has deferred an agreement to buy liquefied natural gas from Qatar for a year, Petroleum Minister Musadik Malik said on Wednesday. Read more

The Pakistan Stock Market continued its strong performance, with the benchmark KSE-100 Index gaining 545.26 points, or 0.52%, to close at a new high. Read more

Pakistan recorded one of the highest interest payment burdens globally, with payments reaching 13.6% of the country’s export earnings. Read more

China, Pakistan’s CPEC partner, has emerged as the country’s largest creditor, accounting for a substantial 22%, or $28.79 billion. Read more

The Pakistani rupee (PKR) fell by 5.41 paisa or 0.02% against the US dollar in Wednesday’s interbank session to settle the trade at PKR 277.92 per USD. Read more

Pakistan Refinery Limited (PRL) has refuted media reports claiming that the company has agreed to import Russian crude oil at discounted rates. Read more

The Board of Directors of Silk Bank Limited (SBL) has approved a share swap arrangement for the amalgamation of the bank where UBL will issue one new ordinary. Read more

Gold price in Pakistan remained unchanged on Wednesday, with 24-karat gold being sold at Rs275,200 per tola, unchanged from the previous session. Read more

VIS Credit Rating Company Limited (VIS) has upgraded entity ratings of Lucky Textile Mills Limited (LTML) to ‘AA-/A1+’ (Double A Minus/A One Plus). Read more

Pakistan State Oil (PSO), the dominant player in the oil and gas marketing sector saw its market share rise to 50.71% in November, the highest in eight months. Read more

VIS Credit Rating Company Limited (‘VIS’) has reaffirmed the entity ratings of Oil & Gas Development Company Limited (OGDCL) at ‘AAA/A1+’. Read more

Pakistan Credit Rating Agency Limited (PACRA) has assigned a long-term rating of ‘A’ and a short-term rating of ‘A2’ to Mughal Energy Limited (GEMMEL). Read more

Deputy Prime Minister Ishaq Dar says greater economic cooperation among the ECO nations will bring peace and stability in the region. Read more

K-Electric (KE) has announced the launch of the 4th edition of KHI Awards 2025 with call for entries opening from December 1, 2024. Read more

Pakistan Railways has achieved an unprecedented earning of over Rs33 billion during the initial five months of the current financial year 2024-25. Read more

The Securities and Exchange Commission of Pakistan (SECP) is now planning to have an assessment of compliance with IFSB’s principles for Islamic capital. Read more

The Federal Cabinet on Monday authorized the government to file review petition against the Supreme Court’s decision of ban on import of Monosodium glutamate. Read more

Vietnam officials have ordered that a quarter of two-wheelers across the country must be electric by 2030 to help battle the air crisis. Read more

Symmetry Group Limited (PSX: SYS) has been awarded a five-year contract for the development and maintenance services of the State Bank of Pakistan’s (SBP). Read more

Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, inaugurated the federal government’s segment of the Sindh Coastal Highway. Read more

Dr. Shamshad Akhtar, Chairperson of the Pakistan Stock Exchange (PSX), on Tuesday, emphasized the role of partnerships with the Chinese consortium. Read more

The sales of oil marketing companies (OMCs) increased by 14.9% to 1.58 million Metric Tons (MTs) in November 2024 compared. Read more

Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman bin Abdul Aziz Al-Saud. Read more

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Posted on: 2024-12-05T07:27:00+05:00