November 21, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The current account deficit for October 2023 widened significantly by 60.87% MoM to stand at $74 million compared to the deficit of $46m in September 2023. Read more
The Pakistani rupee (PKR) started the week on a strong note, appreciating by around 53 paisa against the US dollar in Monday's interbank session to settle at PKR 285.97 per USD. Read more
The benchmark KSE-100 Index traded sideways on the first trading session of the week, concluding Monday's session at 57,077.96 with a marginal uptick of 14.80 points or 0.03%. Read more
Domestic bullion started the week firm as the price of 24-karat gold remained unchanged at Rs215,100 per tola. Read more
Pak Rupee's Real Effective Exchange Rate Index (REER) increased by 7.51% MoM in October 2023 to a provisional value of 98.6217 from the revised value of 91.73 in September 2023. Read more
The global oil benchmark, Brent, is expected to remain largely flat in 2024 as OPEC maintains supply restraint. Read more
Pakistan LNG Limited (PLL), the state-owned company that procures Liquefied Natural Gas (LNG) and delivers Natural Gas to Pakistan has floated a tender to import LNG. Read more
The shareholders of Ittehad Chemicals Limited (PSX: ICL) have approved a long-term investment of up to Rs3 billion in the proposed wholly-owned subsidiary company to be incorporated with the name, Ittehad Power (Private) Limited. Read more
Serene Airlines operated its inaugural flight on Sunday from Karachi to Beijing with the aim of facilitating business and tourism between China and Pakistan. Read more
Sui Southern Gas Company Limited (PSX: SSGC)’s loss after tax clocked in at 11.41 billion [LPS: Rs12.95] in FY22. Read more
Pakistan Petroleum Limited (PSX: PPL) has made a gas and condensate discovery from the exploration well Jhim East X-1 in Block 2467-16 (Shah Bandar), located in District Sujawal, Sindh Province. Read more
The import bill of the petroleum group plunged to $1.23 billion in October 2023, marking a decrease of 16.39% YoY. Read more
Foreign direct investment (FDI) in Pakistan stood at $122.46 million in October 2023, registering a decrease of 29.05% MoM compared to $172.6m in September 2023. Read more
The country's total textile export registered an increase of 9.05% MoM to $1.45bn in October 2023 compared to $1.33bn recorded in the same period of last year. Read more
The U.S.A. continued to remain the top export destination for Pakistan with $485.17 million worth of shipments in October. Read more
Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during October FY24, followed by U. A. E. Dubai, Saudi Arabia, and Singapore. Read more
The service sector of Pakistan posed a trade deficit of $172 million in October, reflecting a decline of 15.27% MoM as compared to a deficit of $203m recorded in the previous month. Read more
Copyright Mettis Link News
Posted on: 2023-11-21T07:17:30+05:00
