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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 20, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Bullion investors in the domestic market joyed significant gains this week driven by the surge in international prices. Read more

The weekly Sensitive Price Indicator (SPI) for the Combined Group skyrocketed by 9.95% WoW during the week ended November 16, 2023, on the back of the gas price hike during the review week. Read more

The Pakistani rupee (PKR) appreciated by over 88 paisa against the US dollar in Friday's interbank session as the currency settled the trade at PKR 286.5 per USD. Read more

The benchmark KSE-100 Index broke its 6-day winning streak to conclude Friday's trading session at 57,063.16 showing a decrease of 333.87 points or 0.58%. Read more

Taking a bold move to optimize maritime operations, Pakistan National Shipping Corporation (PNSC) is diligently working on an expansive fleet development plan. Read more

Cotton arrivals in Pakistan have reached 7.37 million bales as of November 15, 2023, reflecting a 50.41% increase on a yearly basis. Read more

Pakistan's revised trade deficit for the month of October clocked in at $2.174 billion compared to a deficit of $1.52bn from the previous month. Read more

Pakistan secured external financing worth $318.1 million in October 2023 from multiple sources. Read more

The Federal Board of Revenue (FBR) has established 145 district tax offices which will focus on bringing 1.5 to 2 million new taxpayers into the tax net till June 2024. Read more

The governor of the State Bank of Pakistan (SBP), Jameel Ahmad, launched SBP’s strategic plan 'SBP Vision 2028,' highlighting the bank’s key goals to be pursued over the next five years. Read more

The government borrowed a staggering Rs1.8 trillion from scheduled banks from July 01 to October 06, 2023. Read more

The Asian Development Bank (ADB) has approved $250 million in loans to help deliver reliable electricity in Pakistan. Read more

Pakistan may seek another loan from the International Monetary Fund (IMF) to aid its economy, caretaker finance minister Dr. Shamshad Akhtar said, a day after the lender agreed to a payout under an existing bailout program. Read more.

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Posted on: 2023-11-20T07:11:33+05:00