October 20, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan is set to receive a substantial financial boost of $500-600 million from China, in a deal that excludes any rollover agreements. Read more
The Pakistani rupee (PKR) exhibited a notable recovery by appreciating by 1.47 rupees against the US dollar in Thursday's interbank session to settle at PKR 278.81, as compared to the previous day's closing of PKR 280.29. Read more
The current account deficit for September 2023 shrank significantly by 95.1% MoM to stand at just $8 million compared to the deficit of $164m in August 2023. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $67.3 million or 0.88% WoW to $7.71 billion during the week ended on October 13, 2023. Read more
Pak Rupee’s Real Effective Exchange Rate Index (REER) increased by 1.86% MoM in September 2023 to a provisional value of 91.7 from the revised value of 90.11 in August 2023. Read more
Foreign direct investment (FDI) in Pakistan stood at $172.6 million in September 2023, registering a notable increase of 18.14% MoM and 54.1% YoY compared to $146.1m in August 2023 and $112m in September 2022. Read more
The Pakistan Stock Exchange (PSX) witnessed a strong rally today, with the benchmark KSE-100 index surging by 1.89% to close at 50,365.15, above the key 50,000 barrier. Read more
The Board of Directors of United Distributors Pakistan Limited (PSX: UDPL) has given the green light to enter into a non-compete agreement with International Brands (Private) Limited (IBL). Read more
Nestle Pakistan Limited (PSX: NESTLE) has revealed its financial results for the 9MCY23, as per which the company's profit increased significantly by 38.69% YoY to Rs15.79bn. Read more
Meezan Bank Limited (PSX: MEBL) has revealed its financial statement today for the 9MCY23, as per which the bank posted a profit worth Rs58.91 billion [EPS: Rs32.72]. Read more
Pakistan State Oil Company Limited (PSX: PSO) has continued to make progress in recovering its outstanding dues from Pakistan International Airlines (PIAC), however, the outstanding debt still stands at a staggering Rs2.108 billion for this month. Read more
National Foods Limited (PSX: NATF) 's profitability rose by 21.02% YoY in the first quarter of FY24, clocking in its profit after tax at Rs829.38 million [EPS: Rs2.42]. Read more
With the objective of generating surplus revenue beyond the requirements of SUI companies, the Petroleum Division of the Ministry of Energy has formulated a tariff proposal of up to Rs2,900 per MMbtu for all consumer categories. Read more
Pak Suzuki Motor Company Limited (PSX: PSMC) 's losses increased significantly by 2.34x YoY in 9MCY23, resulting in a substantial loss after tax of Rs5.87 billion [LPS: Rs71.34]. Read more
Maple Leaf Cement Factory Limited (PSX: MLCF) has made a public announcement to purchase (buy-back) 100 million ordinary shares of the company at the spot/current share price prevailing during the purchase period. Read more
Unicol Limited, an associated company of Mehran Sugar Mills Limited (PSX: MRNS) has successfully completed the asset purchase of Sugar Mills Limited. Read more
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Posted on: 2023-10-20T06:00:00+05:00
