November 24, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The ECC on Thursday mandated Fatima Fertilizer (PSX: FATIMA) and Agritech Limited (PSX: AGL) plants to function based on the notified RLNG rates. However, the recovery of the differential amount will be incurred through OGRA's Revenue Requirements (RERR) specifically designated for Sui Northern Gas Pipelines Limited (SNGPL). Read more
The Pakistani rupee (PKR) concluded its upward momentum by depreciating 14 paisa against the US dollar in Thursday's interbank session to settle at PKR 285.27, compared to the previous day's closing of PKR 285.13 per USD. Read more
The benchmark KSE-100 Index maintained its bullish momentum on Thursday and closed the trading session at 58,899.84, showing a surge of 701.08 points or 1.2%. Read more
The total cumulative inflows into Roshan Digital Accounts (RDA) have surpassed the $7 billion mark as of November 23, 2023. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $216.7 million or 2.93% WoW to $7.18 billion during the week ending on November 17, 2023. Read more
Automobile financing in Pakistan dropped to Rs264.03 billion in October 2023, witnessing a decrease of 23.51% YoY and 3.03% MoM. Read more
In a recent development aimed at unlocking numerous job opportunities for Pakistani professionals and workers, a Letter of Intent (LOI) has been signed between the Overseas Employment Corporation (OEC) and Al Bawani Holdings. Read more
Shahzad Textile Mills Limited (PSX: SZTM) will resume the operations of Unit No. 4 which is located at 34th KM Lahore Sheikhupura Road on Friday, November 24, 2023. Read more
Domestic bullion concluded its upward momentum on Thursday as the price of 24-karat gold decreased by Rs650 per tola to Rs215,850 per tola. Read more
In a positive development, the MiDa plant of Agha Steel Industries Limited (PSX: AGHA) has been successfully energized, marking the beginning of the initial phase of cold commissioning. Read more
China’s global leader in EV manufacturing, BYD, expressed its keen interest in investing in Pakistan's EV sector. Read more
Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Air Link Communication Limited (PSX: AIRLINK) at "A" for long term and "A1" for short term with a stable outlook forecast. Read more
The name of Summit Bank Limited (PSX: SMBL) has been changed to Bank Makramah Limited, effective from November 27, 2023. Read more
Taking a significant step toward enhancing customer convenience, the State Bank of Pakistan (SBP) has devised a standardized list of transaction purposes after consultations with the banking industry. Read more
In an effort to broaden the export base of the textile sector, the Ministry of Commerce has established the Export Advisory Council. Read more
In order to qualify for the International Monetary Fund (IMF)’s impending instalment, the caretaker federal government has imposed a significant 40% windfall tax on banks. Read more
Copyright Mettis Link News
Posted on: 2023-11-24T07:24:31+05:00
