October 24, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Economic Coordination Committee (ECC), in its meeting held on Monday, discussed and approved the Ministry of Energy's (Petroleum Division) summary to raise the gas tariff by up to Rs2,900/ MMbtu or 2.93x for all consumer categories. Read more
The Pakistani rupee (PKR) started the week depreciating by 32 paisa against the US dollar in Monday's interbank session to settle at PKR 279.12, as compared to the previous day's closing of PKR 278.8 per USD. Read more
In a bid to address the turbulence in the domestic gold market, the president of the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) reached an agreement with all provinces to charge a premium of $20 on top of the international gold price for a unified domestic gold rate calculations. Read more
PTCL Group, the largest ICT services provider in Pakistan has refuted all claims and rumours regarding the financial health of U Microfinance Bank (Ubank). Read more
Lucky Core Industries Limited (PSX: LCI) 's profit after tax for the quarter ended September 30, 2023, clocked in at Rs2.54 billion, which is 31% higher than the profit recorded in the same period last year (SPLY). Read more
The benchmark KSE-100 Index concluded Monday's trading session at 51,070.83 showing an increase of 338.96 points or 0.67%. Read more
Fauji Foods Limited (PSX: FFL) successfully reduced its losses by 94.41% YoY in 9MCY23, reporting a loss after tax of Rs108.75 million [LPS: Rs0.05]. Read more
Automobile financing in Pakistan has dropped to Rs272.29 billion in September 2023, witnessing a decrease of 22.2% YoY and 2.12% MoM compared to Rs350.1bn in September 2022 and 278.05bn in August 2023. Read more
The banking sector spread for the month of September 2023 has increased by 26 basis points (bps) MoM to 7.88% as compared to a spread of 7.63% in August 2023. Read more
The surge in global oil prices amid the Middle East conflict suggests an upward trend in petrol and diesel prices, with petrol expected to increase by Rs3.55 and diesel by Rs0.82 per litre. Read more
The Sindh Building Control Authority (SBCA) has cancelled the provisional NOC for sale and advertisement of the Project "BAHRIA TOWN KARACHI" of BAHIRA TOWN (PRIVATE) LIMITED (DL-3069) with immediate effect. Read more
In order to further facilitate freelancers, the State Bank of Pakistan (SBP) has developed a comprehensive framework for opening and operating their bank accounts. Read more
The Board of Directors (BoD) of Thall Limited (THALL) has decided to create a charge on its assets up to $2.8 million for the purpose of securing the obligations of ThalNova Power Thar (Private) Limited (TN). Read more
National Resources Limited (NRL) has received an exploration lease for minerals in Chagai district, Balochistan. Read more
Kohinoor Energy Limited (PSX: KOHE) has revealed its profit and loss statement for 1QFY24, as per which the company's profit inched down by 0.96% YoY to Rs576.5m [EPS: 3.4]. Read more
Atlas Honda Limited (PSX: ATLH) recorded a robust profit of Rs3.56 billion in the first half of calendar year 2023, marking an impressive YoY increase of 56.14%. Read more
Nishat Power Limited (PSX: NPL) posted a remarkable growth of 54.52% YoY in its net profit in the first quarter of FY24, which reached Rs1.46 billion [EPS: Rs4.12]. Read more
Habib Metropolitan Bank Limited (PSX: HMB) has posted a profit worth Rs19.76 billion [EPS: Rs18.43] in 9MCY23. Read more
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Posted on: 2023-10-24T06:56:37+05:00
