November 16, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The caretaker federal government on Thursday decided to reduce the price of petrol and High-Speed Diesel (HSD) by Rs2.04 and Rs6.47 per litre. Read more
The IMF staff and the Pakistani authorities have reached a staff-level agreement on the first review under Pakistan’s Stand-By Arrangement (SBA), subject to approval by the IMF’s Executive Board. Read more
The SBP conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs1.161 trillion for 3,6 and 12 months against a target of Rs1.5tr. Read more
The Federal Cabinet in its meeting held today has approved a 40% windfall tax on banks’ foreign currency gains. Read more
The Federal Cabinet in its meeting held today approved the negotiation of bilateral investment treaties with Saudi Arabia and Qatar. Read more
The efforts made by the Government in meeting various quarterly targets set by the IMF under the SBA have resulted in positive conclusion of the technical level talks. Read more
The Ministry of Finance has formed a committee, comprising experts from the financial sector, to finalize the modalities for the issuance and trading of government securities on the PSX. Read more
The SBP conducted an auction on Wednesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-FRR) semiannual and quarterly worth Rs496.37 billion for 2, 3, 5 and 10 years against a target of Rs280bn. Read more
In a landmark development, HBL and the Bank of China (BOC) signed a MoU on strategic cooperation. Read more
The Cabinet Committee on State-Owned Enterprises (CCoSOE) on Wednesday approved the revised SOE Policy 2023 and recommended it for Cabinet's approval. Read more
The main gauge of the Pakistan stock market ended slightly higher on Wednesday, managing to notch its fifth straight win. Read more
The Pakistani rupee (PKR) depreciated by 27 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 288.14. Read more
SNGP revealed its financial results for the nine months ended March 2023, as per which the company's profit fell by 11% YoY to clock in at Rs8.4 billion [EPS: 13.24]. Read more
Pakistan’s LSMI production decreased by 3.56% MoM in September 2023 to stand at 112.85 compared to 117.02 in August 2023. Read more
In a significant step towards revolutionizing cotton production in Pakistan, APTMA Cotton Foundation (ACF) and Better Cotton Initiative Pakistan (BCI) have entered a MoU. Read more
SECP has issued the Certificate of Incorporation to Meezan Exchange Company (Private) Limited, a fully-owned subsidiary of MEBL. Read more
Green Pakistan Initiative is working in collaboration with the Government of Pakistan and the Pakistan Army to utilize the vast vacant land in Pakistan. Read more
Global oil prices surged on Wednesday, driven by strong data on China's factory output and retail sales for October, coupled with positivity from the IEA raising its oil demand growth forecast. Read more
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Posted on: 2023-11-16T06:30:24+05:00
