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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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December 30, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The majority of commodity and foreign exchange dealers are either on vacation or not in the market because it is year-end. Read more

Benefiting from the rollercoaster ride that led to a steep correction last week, opportunity hunters. Read more

Exchange Companies Association of Pakistan (ECAP) has extended its full support for the State Bank of Pakistan’s. Read more

Market Data and Economic Indicators. Read more

Federal Cabinet has approved an ordinance to raise the bank tax rate to 44%, abolishing the 15% additional levy. Read more

Pakistan’s tax gap (potential additional tax) is Rs7.1 trillion over Rs4tr in Sales Tax, over Rs2trn in Income Tax, rest in duties, stated Khurram Schehzad. Read more

The State Bank of Pakistan (SBP) has reminded yesterday the public to encash, replace, or convert. Read more

To enhance trade relations between Pakistan and the United States, urgent reforms are needed to bring energy tariffs down to 9 cents per unit and reduce.. Read more

The State Bank of Pakistan (SBP) has issued a consolidated Regulatory Framework for Exchange Companies (RFEC) to enhance. Read more

The shareholders of Bank Makramah Limited (BML) have approved the Scheme of Arrangement for the restructuring of the bank in the Extraordinary General Meeting. Read more

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

The Securities and Exchange Commission of Pakistan (SECP) has given approval to the. Read more

The benchmark KSE-100 Index concluded Friday’s trading session at 111,351.17, showing an increase of 927.85 points or 0.84%. Read more

The Federal Reserve Board has declared the termination of enforcement actions against. Read more

The Board of Directors of Packages Limited (PSX: PKGS) has approved the injection of up to Rs3 billion into its 100% wholly owned subsidiary, StarchPack. Read more

The State Bank of Pakistan (SBP) and all other banks will remain closed for public dealing on Wednesday Read more

Crescent Star Insurance Limited (PSX: CSIL) has challenged the Securities and Exchange Commission of Pakistan’s. Read more

The Pakistani rupee (PKR) decreased by 9.70 paisa or 0.03% against the US dollar in Friday’s interbank session. Read more

The Competition Commission of Pakistan (CCP) has authorized the acquisition of a 100% stake. Read more

Gold price in Pakistan increased on Friday, with 24-karat gold being sold at Rs273,200 per tola, down Rs800. Read more

Domestic consumers in Pakistan have raised concerns over a gas shortage, Prime Minister Shehbaz Sharif took notice of the complaints on Friday. Read more

Pakistan’s short-term inflation increased by 0.8% compared to the previous week. Read more

Gold spot prices declined 0.17% ($4.55) at $2,629.31 per ounce, as of [01:38 pm PST] from the prior day’s close of $2,633.86 per ounce. Gold futures were. Read more

The Pakistan Stock Exchange (PSX) has announced today that trading in the 3- and 5-year Fixed Rental Rate (FRR) and Variable Rental Rate (VRR). Read more

Oil prices were little changed on Friday but were set for a weekly rise amid optimism that economic stimulus efforts will prompt a recovery in China, but a. Read more

Pakistan Petroleum Limited (PSX: PPL) has successfully commissioned the second exploratory well, Jhim East X-1, located. Read more

Ride-hailing unicorn inDrive has made a strategic investment in Pakistan’s grocery delivery startup Krave Mart. Read more

The Board of Directors of Service Industries Limited (PSX: SRVI) has approved a long-term equity investment of Rs500m. Read more

The Pakistan Stock Exchange (PSX), in collaboration with CFA Society Pakistan (CFASP), has invited stakeholders to a seminar. Read more

Japan’s government has agreed to accept $730 billion budget for the fiscal year starting April 2025. Read more

The government of Pakistan is fostering collaboration across sectors through the One Health approach to address health risks at the human-animal-environment. Read more

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based. Read more

TPL REIT Fund I has decided to divest from Project C-Technology Park through the sale. Read more

The strategic partnership between Pakistan and China is not only vital for our nations but is also “an anchor for regional stability”. Read more

Pakistan and Turkiye have expressed commitment to enhancing trade in the agricultural sector, which will help create new opportunities for economic.. Read more

The government of Pakistan has set a tax-to-GDP ratio target of 13.5% over the next three years to improve financial stability, said Finance Minister Muhammad. Read more

Pakistan and Rwanda to enhance bilateral cooperation in climate change, water conservation, smart agriculture, and disaster management through a formal. Read more

Asian stocks fluctuated on Friday, and the dollar remained steady, leaving the yen near five-month lows in light year-end trading. Read more

Challenges in retaining skilled professionals in the public sector stem from a mismatch between their skillsets and job demands. Read more

Gilgit-Baltistan (GB) is set to receive the installation of a 100 MW solar power plant, as directed by Prime Minister Shehbaz Sharif, to address 18-hour power. Read more

The shareholders of Silkbank Limited (PSX: SILK) have approved the amalgamation of Silkbank Limited (PSX: SILK). Read more

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Posted on: 2024-12-30T08:44:04+05:00