MG Morning Breeze: Updates to Skim before Market

January 17, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• CCP approves ICPL, NPL’s 90.61% stake acquisition in Searle Pakistan

The Competition Commission of Pakistan (CCP) has granted approval for Ijara Capital Partners Limited (ICPL) Read more

• Aamir Ibrahim joins VEON’s Executive Committee

The Chief Executive Officer (CEO) of Jazz and Chairman of Mobilink Microfinance Bank, Aamir Ibrahim, has joined the Group Executive Committee (GEC) of VEON. Read more

• UAE extends $2bn deposits with SBP for another year

In a significant development, the United Arab Emirates (UAE) has confirmed the rollover of two deposits, each worth $1 billion, placed with the State Bank of. Read more

• FM stresses timely implementation of NEV Policy 2025-30

The timely development and implementation of the New Energy Vehicle. Read more

• SBP reserves rise $29.8m to $11.73bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $29.8 million or 0.25% WoW to $11.73 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

• AIRLINK to hit Rs260/share by June 2025

Air Link Communication (Pvt.) Limited (PSX: AIRLINK) is poised to reach a price target of Rs260 per share by June 2025. Read more

• PKR falls 9 paisa against USD

The Pakistani rupee (PKR) weakened by 8.66 paisa or 0.03% against the US dollar in Thursday’s interbank session to settle. Read more

• India’s palm oil imports hit 5-year low in Jan

India’s palm oil imports are set to plunge to a near five-year low in January. Read more

• PSX Closing Bell: Clocks

The benchmark KSE-100 Index concluded Thursday’s trading session at 113,836.74, showing a decrease of 658.96 points or 0.58%. 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 Rs282,200. Read more

• Fertilizer offtake rises 43% YoY in Dec 2024

The country’s overall nutrient offtake in December 2024 was 621 thousand tonnes, showing a 42.9% increase compared to December 2023. Read more

• inDrive appoints Muhammad Awais Saeed as Country Lead for Pakistan

inDrive, a global mobility platform, announces the appointment of Muhammad Awais Saeed as Country Lead for inDrive Pakistan. Read more

• Pakistan struggles to boost exports as production costs surge

Pakistan’s economy suffered a heart attack but survived barely thanks to drastic measures, taming consumption with reduced production and administering a. Read more

• TRG Pakistan receives offer from Greentree Holdings

TRG Pakistan Limited (PSX: TRG) has received a Public Announcement of an Offer Read more

• Oil prices rise on supply concerns, stronger demand

Oil prices gained for a second session on Thursday, supported by worries over supply amid U.S. sanctions on Russia. Read more

• Pakistan seeks Japanese investment in manufacturing to boost exports

To further strengthen bilateral economic ties, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb urged Japanese investors to explore. Read more

• Attock Cement commissions 4.8MW windmill

Attock Cement Pakistan Limited (PSX: ACPL) has successfully commissioned its 4.8MW capacity. Read more

• Taxation of income from immovable property under Article 6 of model tax convention – a comparative analysis

The Model Tax Convention (MTC), whether under the Organization of Economic Cooperation & Development (OECD) or the United Nations (UN), assigns significant. Read more

• Zahur Cotton Mills takes steps to resume operations

Zahur Cotton Mills Limited (PSX: ZHCM) is actively taking steps to initiate or resume its commercial. Read more

• Govt approves new power provision system to SEZs, industrial estates

To accelerate the pace of industrial development, a new power provision system for Special Economic Zones (SEZs) and industrial estates has been approved. Read more

• EV power tariff cut to Rs30 per unit to foster eco-friendly transport

To boost emission-less and eco-friendly vehicles in Pakistan, the power tariff for electric vehicles (EVs) has been reduced to Rs30 per unit. Read more

• Hino Motors settles $1.6bn over U.S. diesel emissions

Toyota Motor unit Hino Motors has agreed to a $1.6 billion settlement. Read more

• U.S. consumer prices jump amid rising energy costs

U.S. consumer prices increased by the most in nine months in December. Read more

• Indonesia central bank says rupiah decline under control

Indonesia’s central bank said the rupiah’s fall against the U.S. Read more

• Pakistan presents letters of credence to boost ties with Canada

To further strengthen bilateral ties, Pakistan presented Letters of Credence to Canada. Read more

• Customs prosecutors trained to strengthen enforcement

To enhance the capacity of customs prosecutors and strengthen legal practices in customs enforcement, a three-day training program was conducted. Read more

• Pakistan, Egypt hold talks to boost maritime trade

In a significant step toward bolstering international cooperation, officials from the. Read more

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