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MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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November 03, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

In a significant development, the review mission of the International Monetary Fund (IMF) on Thursday appreciated Pakistan's government to meet the targets set by the fund for the first quarter of the fiscal year 2023-24. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $13.6 million or 0.18% WoW to $7.51 billion during the week ended on October 27, 2023. Read more

The Pakistani rupee (PKR) depreciated by 77.85 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 283.43 per USD. Read more

The total money supply circulating within the economy till September 2023 has been recorded at Rs34.69 trillion. Read more

The caretaker government has decided to enhance the financial remuneration paid to key people hired from the private sector into the bureaucracy. Read more

The benchmark KSE-100 index continued its upward momentum, extending the gains by 314.12 points or 0.60% to conclude the session at 52,656.76, inching further closer to its all-time high. Read more

The country's total textile export registered an increase of 5.15% YoY to $1.43bn in October 2023 compared to $1.36bn recorded in the same period of last year. Read more

The refinery sector turned around in the first quarter of FY24, recording a profit after tax of Rs16.18 billion. Read more

Domestic bullion prices rose on Thursday, offsetting the previous session's losses as the price of 24-karat gold increased by Rs1,500 per tola, reaching Rs213,300. Read more

Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. Read more

The government is launching an extensive crackdown on power theft, a widespread issue in Pakistan that drains the national grid and adds to the country’s economic woes. Read more

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Posted on: 2023-11-03T06:11:39+05:00