MG Morning Breeze: Updates to Skim before Market

December 18, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP to launch new eCIB system (V2) from January 1

The new Electronic Credit Information Bureau (eCIB) system (V2) will become operational from January 1, 2025. Read more

• Pakistan’s Mining & Quarrying sector attracts highest net FDI of 64.73m in November

Pakistan’s Mining & Quarrying Sector witnessed the highest net Foreign Direct Investment (FDI) worth $64.73. Read more

• Canada leads FDI in Pakistan with net inflow of around $65m in November

Canada emerged as the largest investor in Pakistan in November 2024, with a net direct investment. Read more

• Pakistan records FDI of $219.2m in November

Foreign direct investment (FDI) in Pakistan jumped by 27.14% to $219.2 million in November 2024. Read more

• Saudi Riyal to PKR exchange rate

The exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) showed minor movements against the Pakistani rupee (PKR) in Tuesday’s. Read more

• Urea demand to rise by 16.4% for Rabi 2024-25

The demand for urea during the current season is expected to increase. Read more

• Gold price in Pakistan falls Rs2,100 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs274,900 per tola, down Rs2100. Read more

• Service sector trade deficit shrinks 42.64% MoM in Nov

The service sector of Pakistan posed a trade deficit of $152 million in November, reflecting a shrink of 42.64%. Read more

• PSX Closing Bell: Opportunities

The benchmark KSE-100 Index concluded Tuesday’s trading session at 114,860.68, showing a decrease. Read more

• PKR falls 10.04 paisa per USD

The Pakistani rupee (PKR) decreased by 10.04 paisa or 0.04% against the US dollar in Tuesday’s. Read more

• KOSM placed on ICA defaulter list despite no direct default

The International Cotton Association (ICA) has placed Kohinoor Spinning Mills Limited (PSX: KOSM) on the defaulter’s list. Read more

• PKR’s REER index increases to 102.92 in Nov

Pak Rupee’s Real Effective Exchange Rate Index (REER) increased by 2.04% in November 2024 to a provisional value of 102.92 from. Read more

• Current account posts $729m surplus in Nov

Pakistan’s current account has posted a surplus for the fourth consecutive month driven by robust growth. Read more

• Japan grants $9.91mn aid for KP flood relief

The government of Japan, through Japan International Cooperation Agency (JICA), has approved a grant of JPY 1.503 billion ($ 9.91 million) today, to. Read more

• Pakistan and Xinjiang to collaborate on prosperity, development

Pakistan is committed to working closely with China’s Xinjiang Uyghur Autonomous Region to achieve mutual prosperity and development, according to Pakistan’s. Read more

• Pak-China sign climate cooperation agreements, early warning system

Pakistan and China signed cooperation documents, including those related to the implementation of Pakistan’s Climate Information and Early Warning System. Read more

• Pakistan’s business confidence surges in November

The overall Business Confidence Index increased significantly by 1.4 points. Read more

• Pakistan consumer confidence falls by 1.8% in Nov

The consumer confidence Index (CCI) in Pakistan declined by 1.8% to 34.9 points in November compared to last month, according to a survey report released by. Read more

• PBC calls for 2% withholding tax cut on exports

Pakistan Business Council (PBC) urged the government to reduce the withholding tax by 2% on export receipts for low-margin items and a review of the Export. Read more

• Gold Prices rise as markets await Fed’s 2025 rate outlook

Spot gold steadied on Tuesday ahead of the Federal Reserve’s policy meeting as the market keenly awaited the U.S. central bank’s outlook for cues on the. Read more

• Asia markets edge higher ahead of key central bank meetings

Asian stocks moved up slightly, and the dollar remained strong on Tuesday as investors prepared for several central bank meetings this week. Read more

• Oil prices fall amid Chinese demand concerns

Global oil prices declined in early Asian trading on Tuesday as investors worried about Chinese demand and awaited further market direction from a U.S. Read more

• BISP launches skill training initiative under Poverty Graduation Program

Senator Rubina Khalid, Chairperson Benazir Income Support Programme (BISP) stated that under its Poverty Graduation Program. Read more

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