MG Morning Breeze: Updates to Skim before Market

December 27, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP tightens rules for monetary policy lending

The State Bank of Pakistan (SBP) has revised risk mitigation measures for its Monetary Policy. Read more

• SBP reserves fall $228m to $11.85bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $228 million. 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 today’s. Read more

• Minister calls for boost in Sesame production to reduce edible oil imports

Strengthening sesame production in Pakistan is crucial for reducing edible oil imports and increasing foreign exchange, Federal Minister for National Food. Read more

• Gold price in Pakistan rises Rs1,400 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs274,000 per tola, up Rs1,400. Read more

• CCP authorizes KCA Deutag acquisition by HP Global Holdings

The Competition Commission of Pakistan (CCP) has authorized the acquisition of 100% shareholding in KCA Deutag International Limited. Read more

• PSX Closing Bell: Red-Hot

The benchmark KSE-100 Index concluded Thursday’s trading session at 110,423.32, showing a decrease of 1,991.48 points or 1.77%. Read more

• PSO signs SPA with Azerbaijan’s SOCAR

The Management Board of Pakistan State Oil Company Limited (PSX: PSO) has approved the execution of the Sales and Purchase Agreement (SPA) between PSO and. Read more

• Park View Enclave files suit against Silkbank-UBL merger proposal

Park View Enclave (Private) Limited has filed a suit in the Sindh High Court at Karachi against Shaukat Fayaz Tarin and other individuals. Read more

• PKR strengthens 10 paisa against USD

The Pakistani rupee (PKR) strengthened by 9.94 paisa or 0.04% against the US dollar in Thursday’s interbank session to settle. Read more

• Imperial Limited set to sell key assets

The shareholders of  Imperial Limited (PSX: IML) have given their consent for the sale and disposal of the company’s assets located at Karmanwala. Read more

• Pakistan, Turkey strengthen bilateral ties

Pakistan and Turkiye’s friendship continues to grow stronger, with deep cultural, historical, and religious ties that transcend borders, said Federal Minister. Read more

• OMO Result: SBP injects Rs575.8bn

The State Bank of Pakistan (SBP) conducted a reverse repo-based Open Market Operation (OMO) today. Read more

• Palm oil dip on heavy selling, Dalian weakness

Malaysian palm oil futures slipped on Thursday after the Christmas break. Read more

• Pak-France strengthening ties, PIA set to fly to France again

Pakistan and France aim to strengthen bilateral cooperation by resuming Pakistan International Airlines (PIA) flights to France, the French Ambassador to. Read more

• OGDCL enhances oil production from Pasakhi-5 Well

Oil & Gas Development Company Limited (PSX: OGDC) has successfully revived and enhanced oil production. Read more

• SECP ceases guarantees business of Crescent Star Insurance Limited

The Securities and Exchange Commission of Pakistan (SECP) has ceased the guarantee business of Crescent Star Insurance Limited. Read more

• Farmers threaten protest over wheat support price

The plight of farmers in Pakistan continues to worsen as rising input costs, policy inaction, and exploitative market practices. Read more

• Spot gold gains on weak US dollar, geopolitical tensions

Gold spot prices gained 0.48% ($12.45) at $2,628.55 per ounce, as of [09:42 am PST] from the prior day’s close of $2,616.87 per ounce. Gold futures was up. Read more

• Support Price Mayhem: Do what we say and not what we do

In a badly managed political economy, losses emanating from bad management in one branch often cause the adoption. Read more

Copyright Mettis Link News