October 16, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The caretaker government today announced a substantial reduction in petrol and diesel prices by Rs40 and Rs15 per litre. Read more
After witnessing continuous fluctuations, domestic bullion closed the week with a gain of Rs2,500 per tola or 1.25% driven by the uptick in international gold prices. Read more
The Pakistani rupee (PKR) appreciated by 5.07 rupees against the U.S. dollar over the week to settle at PKR 277.62 per USD, compared to the previous week's closing of PKR 282.69 per USD. Read more
The total oil and LNG imports registered a fall of 4% YoY to 1.96 million tons in September 2023, compared to 2.04m tons imported in the Same Period Last Year (SPLY). Read more
The benchmark KSE-100 index ended the 10th consecutive session in the green, surging to a new yearly high, closing at 49,493.47 with a daily increase of 721.76 points or 1.48%. Read more
The Competition Commission of Pakistan (CCP) has granted approval to the acquisition of Coca Cola (Pakistan) by Coca-Cola Içecek (Turkey) under phase-1 review of the Competition Act, 2010, and the Competition (Merger Control) Regulations, 2016. Read more
The caretaker government has set targets for the harvest of some of its major crops for the fiscal year 2023-24, with a production target of 32.12 million mt of Wheat, 11.5 million bales of Cotton, and 8.64 million mt of Rice. Read more
The net purchase of securities for the week ended October 06, 2023 clocked in at Rs119.07m, as compared to a net purchase worth Rs194m recorded last week. Read more
Haleon Pakistan Limited (PSX: HALEON) has planned to invest $10 million in its manufacturing facility at Jamshoro for the production of the Panadol base portfolio, including Panadol 500mg and Panadol Extra tablets. Read more
Pakistan State Oil Company Limited (PSX: PSO) has made notable progress in recovering outstanding dues from Pakistan International Airlines (PIAC), totaling Rs625 million within just two days. Read more
The expected purchase price of the majority shareholders of Pak Suzuki Motor Company Limited (PSX: PSMC)'s intent to acquire all remaining shares will likely be Rs222 per share, offering a premium of Rs67.8 compared to the current market price of Rs154.2 per share. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group inched up by 0.3% WoW during the week ended October 12, 2023, while the SPI increased by 38.28% YoY compared to the corresponding period from last year. Read more
With the policy rate at 22%, the SBP assesses the real interest rates turning substantially positive on a forward-looking basis. Read more
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Posted on: 2023-10-16T06:00:00+05:00
