MG Morning Breeze: Updates to Skim before Market

January 09, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP raises Rs788.14bn through floating rate PIBs

The State Bank of Pakistan (SBP) successfully raised Rs734.39 billion through an auction. Read more

• PIA’s first flight to Paris in 4 years fully booked

Pakistan International Airlines (PIA) has received a warm response from the public for its Paris flight. Read more

• Auction Result: Govt raises Rs434.2bn through T-bills

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs434.15 billion. 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

• Apple unable to sell iPhone 16 in Indonesia due to content rules

Apple still cannot sell its iPhone 16 in Indonesia despite striking a deal to build a local production. Read more

• Pakistani banks lead APAC with strongest stock performance

Pakistani banks led the ranking of Asia-Pacific (APAC) lenders with the best performing stocks in 2024. Read more

• Oil prices rise as Russian, OPEC supply tightens

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, market sources said, citing. Read more

• SECP seeks feedback on improvements in takeover regulations

To seek feedback on areas of improvement in the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, the Securities. Read more

• PSX Closing Bell: A blessing in Disguise

The benchmark KSE-100 Index concluded Wednesday’s trading session at 114,148.45, showing a decrease of 1,904.23 points or 1.64%. Read more

• MARI renamed as Mari Energies Limited

Mari Petroleum Company Limited (PSX: MARI) has officially renamed as Mari Energies Limited. Read more

• PKR falls by 5 paisa against USD

The Pakistani rupee (PKR) fell by 5.49 paisa or 0.02% against the US dollar in Wednesday’s interbank session to settle the trade at PKR 278.72 per USD. Read more

• NEPRA reduces electricity tariffs

The National Electric Power Regulatory Authority (Nepra) has approved a negative fuel cost adjustment. Read more

• OGDC to hit Rs335/share by December 2025

Oil and Gas Development Company Limited (PSX: OGDC) is poised to reach a price target of Rs335 per share by December 2025. Read more

• Gold price in Pakistan rises Rs1,000 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs277,000 per tola, up Rs1,000. Read more

• WTL to facilitate GTC’s new AI, Big Data CoE in Pakistan

GlobalTech Corporation (GTC), the ultimate holding company of WorldCall Telecom Limited (WTL), is set to establish a Center of Excellence (CoE) dedicated to. Read more

• Karachi’s LTO becomes highest tax contributor, collects Rs2.52tr

Karachi’s Large Tax Office (LTO) collected over Rs2.52 trillion, maintaining its position as the highest tax contributor, according to the Federal Board of. Read more

• Indonesia limits exports of used cooking oil, palm oil residue

Indonesia has imposed restrictions on the export of used cooking oil (UCO) and palm oil. Read more

• PM to inaugurate Faceless Customs Assessment System at KPT

Prime Minister Shehbaz Sharif will pay a daylong visit to Karachi today to inaugurate the Federal Board of Revenue’s Faceless Customs Assessment System. Read more

• VEON invests $15mn in Pakistan’s telecom sector

In a major boost to Pakistan’s telecom industry, global digital operator VEON Group. Read more

• Samsung warns of sharp decline in 4Q profit

South Korea’s Samsung Electronics said Wednesday it expected fourth-quarter. Read more

• FBR’s infrastructure to get enhanced protection under new cabinet decision

The Federal Cabinet has declared the infrastructure of the Federal Board of Revenue (FBR) as critical under the Pakistan Electronic Crimes Act 2016 to further. Read more

• Ahsan Iqbal calls for efforts to raise leather exports to $2bn

In a bid to enhance Pakistan’s export performance, Planning Minister Ahsan Iqbal has called for joint efforts. Read more

• PRL secures Rs3.15bn loan for expansion project

The Board of Directors of Pakistan Refinery Limited (PSX: PRL) has approved the acquisition of a loan. Read more

• Chinese delegation seeks to strengthen bilateral ties with Pakistan

A high-level delegation from China’s Yunnan Sunny Road & Bridge Co., Ltd. visited Pakistan to strengthen bilateral ties between the two countries. Read more

• Government unveils 18-Point action plan to boost SEZ investment

The government has unveiled an 18-point action plan aimed at streamlining operations. Read more

• Pakistan, South Korea set to sign EPA to boost bilateral trade

To double the trade volume between Pakistan and South Korea, Federal Minister for Commerce, Jam Kamal Khan, will sign the Pakistan-Korea Economic Partnership. Read more

• Ahsan Iqbal directs Suparco to create plan for PakSat-MM1

The Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal, directed the Pakistan Space & Upper. Read more

• Big Bird steps in to ethnic food segment

Big Bird Foods Limited (PSX: BBFL) completed and commissioned a new production line in the ethnic food segment. Read more

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