December 09, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Federal Board of Revenue (FBR) and all the Provincial Revenue Authorities i.e. BRA, KPRA, SRB and PRA have unanimously agreed to extend scope. Read more
Remittances to Pakistan are projected to reach an all-time high of $35 billion in FY25, with monthly inflows averaging $2.9 billion. Read more
An important US economic indicator that came before the FOMC meeting, the Non Farm Payroll (NFP), showed robust growth, with. Read more
Market Data and Economic Indicators. Read more
China Energy International Group has successfully delivered 21 mega projects across Pakistan, with a cumulative. Read more
US Economy Adds 227,000 Jobs in November, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes. Read more
Small and Medium Enterprises Development Authority (SMEDA) and Pakistan Banks’ Association (PBA) inked a Memorandum of Understanding (MoU) to enhance. Read more
Pakistan stocks were unstoppable this week, breaking records every day and extending their gains to close above the 109,000 level. Read more
The government has constituted a high-level committee to address the Advances-to-Deposit Ratio (ADR). Read more
The exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) showed minor. Read more
Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs274,200 per tola, down Rs1000. Read more
Private sector credit (PSC) rose Rs116.93 billion WoW to Rs10.53 trillion as of November 22, 2024, data released by State Bank of Pakistan (SBP) showed. Read more
The Pakistani rupee (PKR) decreased by 6.47 paisa or 0.02% against the US dollar in Friday’s interbank session to settle the trade at PKR 278.01 per USD. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs321.7 billion WoW to Rs36.02 trillion as of November 22, 2024. Read more
The government of Pakistan has retired a debt of Rs413.23 billion during the week ended November 22, 2024, which brings its total net retirement for ongoing. Read more
Emphasizing the importance of diversifying Pakistan’s export basket and exploring untapped international markets, Federal Minister for Commerce. Read more
The trading session at the stock market today ended on a similarly positive note, with Pakistani stocks continuing the uninterrupted rally observed in recent. Read more
Pakistan Software Houses Association (P@SHA) joined hands with IPO-Pakistan on Thursday to develop a roadmap promoting intellectual property (IP) awareness. Read more
The members of NETSOL Technologies Limited (PSX: NETSOL) have resolved to purchase / buyback up to 10 million ordinary shares. Read more
The Board of Directors of Saif Power Limited (PSX: SPL) has approved a revision of the tariff to transition the existing model to a ‘Hybrid Take-and-Pay’. Read more
Punjab Food Authority (PFA) Cracks Down on Hygiene Violations, Shuts Down 19 Outlets, and Fines Over Rs12.47 Million. Read more
The shareholders of Silkbank Limited (PSX: SILK) have approved a share swap arrangement for the bank’s amalgamation with United Bank Limited (PSX: UBL). Read more
Pakistan’s short-term inflation dropped 0.34% compared to last week as of December 05, 2024, while it rose 3.57% over the prior year. Read more
The Pakistan Telecommunications Authority (PTA) and the National Computer Emergency Response Team (NCERT) signed a Memorandum of Understanding (MoU). Read more
Minister of State for IT and Telecommunication, Shaza Fatima Khawaja on Thursday, emphasized the urgent need for collective efforts to tackle online safety. Read more
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today. Read more
The net purchase of securities for the week ended November 29, 2024 clocked in at Rs6.17bn, as compared to a net sale worth Rs10.1bn recorded last week. Read more
InnoVista, led by CEO Hisham Sarwar, expressed its intent to launch a training program aimed at equipping and upskilling the country’s youth in IT skills. Read more
Gold prices rose on Friday, while market participants braced for the U.S. payrolls data that is expected to provide cues on the interest rate cut trajectory. Read more
Pakistan has assured the IMF’s new Resident Representative for Pakistan, Mahir Binici, of full support in carrying out his official responsibilities. Read more
Cordoba Financial Services Limited (CFSL) has successfully raised new equity investment through the issuance of shares worth up to 20%. Read more
The Board of Directors of United Distributors Pakistan Limited (PSX: UDPL) has approved the sale of approximately 1.64 million ordinary shares, representing. Read more
Amir Noman, the proposed acquirer of 2,900,000 ordinary shares, representing 50% of the total paid-up ordinary shares of Bela Automotives Limited (PSX: BELA). Read more
Global oil prices slightly increased on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output. Read more
The Pakistan Stock Exchange Limited (PSX) has conducted the JS Momentum Factor Index (JSMFI) recomposition exercise as of November 29, 2024. Read more
The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb underscored the significance of adopting lessons from Saudi Arabia’s Vision 2030. Read more
Today’s trading session kicked off on a similarly positive note with Pakistan stocks continuing the nonstop rally observed in recent days. Read more
Pakistan International Bulk Terminal (PSX: PIBTL) announced today that Port Qasim Authority has approved the handling of PIBT’s coal vessels at Marginal. Read more
Engro Corporation (PSX: ENGRO) has joined hands with Pakistan Mobile Communications Limited Read more
Flexible exchange rates, bilateral support, and structural reforms have played a critical role in helping. Read more
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Posted on: 2024-12-09T06:20:31+05:00
