November 02, 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) has decided that uninterrupted gas supply will continue for Fatima Fert and Agritech Plants to ensure a sufficient supply of urea fertilizer. Read more
The State Bank of Pakistan (SBP) sold Market Treasury Bills (MTBs) worth Rs1.148 trillion for 3,6 and 12 months against a target of Rs975bn. Read more
The SBP also sold Pakistan Investment Bond – Floating Rate (PIB-FRR) semiannual and quarterly worth Rs341.276 billion for 2, 3, 5 and 10 years against a target of Rs280bn. Read more
The Pakistani rupee (PKR) depreciated by 1.17 rupees against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 282.65 per USD. Read more
Domestic bullion experienced losses on Wednesday as the price of 24-karat gold fell by Rs1,200 per tola, settling at Rs211,800. Read more
The benchmark KSE-100 index maintained its bullish momentum, adding 422.37 points or 0.81% to close the day at 52,342.64, inching closer to its all-time high. Read more
The National Savings has announced a revision in the savings account profit rate, increasing it by 1% to a new rate of 20.5% per annum. Read more
The consumer price index (CPI) for the month of October 2023 clocked in at 26.9% YoY. Read more
The Industrial and Commercial Bank of China (ICBC) has granted approval for yuan (RMB) clearing services in Pakistan. Read more
Pakistan's trade deficit for the month of October was $2.099 billion compared to a deficit of $1.518bn from the previous month, worsening by 38.27% MoM. Read more
Oil and Gas Development Company Limited (PSX: OGDC)’s profit after tax clocked in at Rs49.04 billion [EPS: Rs11.4]. Read more
The central bank decided to maintain the rate of remuneration for the month of November 2023 on the Special Cash Reserve Account (US$) at 4.32%. Read more
The shareholders of Dandot Cement Company Limited (PSX: DNCC) have approved the allotment of ordinary shares through the conversion of loans worth Rs1.5 billion received from Calicom Industries (Pvt.) Limited and two other lenders. Read more
Owing to the shortage of inventory level, Pak Suzuki Motor Company Limited (PSX: PSMC) has officially extended the shutdown of its automobile plant from November 06, 2023, to November 08, 2023. Read more
Agriauto Industries Limited (PSX: AGIL) has decided to partially shutdown during the month of November 2023. Read more
The central bank issued the no-objection certificate to Faysal Bank Limited (PSX: FABL) for establishing an exchange company in the name of Faysal Islami Currency Exchange Company (Private) Limited. Read more
Shell Pakistan Limited (PSX: SHEL) will have to undergo a major ownership change as Shell Petroleum Company Limited (SPCO) executed a Share Purchase Agreement (SPA) with Wafi Energy LLC (WAFI Energy) on October 31, 2023. Read more
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Posted on: 2023-11-02T06:55:23+05:00
