December 11, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The government is expected to announce a significant relief for the consumers, with a likely reduction of Rs13 and Rs15 per litre in the prices of petrol and diesel in the next fortnightly pricing update. Read more
China is ready to invest a substantial amount of $2 billion in Pakistan's Exploration and Production (E&P) sector, contingent upon its Tight Gas Policy resolution. Read more
The Pakistani rupee (PKR) extended its upward momentum this week by appreciating 1.09 rupees against the US dollar to settle at PKR 283.8715 per USD. Read more
During the week, the benchmark KSE-100 index recorded the highest ever weekly gain in point terms, surging by 4,532.38 points or 7.35% to close at an all-time high of 66,223. Read more
Gold investors in the domestic bullion market experienced a major setback this week as the price of 24-karat gold plunged by Rs8,000 per tola, driven by a significant decline in international prices and a strengthened local unit. Read more
The State Bank of Pakistan (SBP) has issued draft guidelines on the Regulatory Sandbox, allowing SBP-regulated entities, FinTechs, and startups to participate in testing new products and business models. Read more
The Securities and Exchange Commission of Pakistan (SECP) registered 2,234 new companies in November 2023, showing a growth of 8% during first 05 months of the current financial. Read more
For the first time in history, the Pakistan Stock Exchange Limited (PSX) conducted the auction for the sale of 1-year GoP Ijara Sukuk (GIS) and witnessed an overwhelming response as it received bids worth Rs478.78 billion. Read more
Pakistan State Oil (PSO) has denied media reports claiming that the company has reached a decision to divest its stake in Pakistan Refinery Limited (PSX: PRL), terming them as inaccurate and misleading. Read more
Workers' remittances have dropped by 8.63% MoM in November to $2.25 billion, compared to $2.46bn in the previous month. Read more
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Tuesday, December 12, 2023, at the SBP Karachi to decide about the Monetary Policy. Read more
In the last few months, due to the government's business-friendly policies, investor and business community confidence has surged, leading to a boom in both business and the stock exchange, Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 42.68% YoY during the week ended December 07, 2023, while the SPI increased by 1.16% WoW compared to last week. Read more
Fauji Fertilizer Company Limited (PSX: FFC), Engro Corporation Limited (PSX: ENGRO), and Systems Limited (PSX: SYS) stood as the leading three companies among the recipients of the 'Top 25 Companies Awards' on the Pakistan Stock Exchange for the year 2022. Read more
The State Bank of Pakistan (SBP) has approved Habib Bank Limited (PSX: HBL) for the incorporation of HBL Zarai Services Limited. Read more
The actions and policies of Pakistani authorities have resulted in an overall improvement in the economic situation. With the ongoing developments, the future outlook for the country appears very bright. Read more
The Joint Venture of Dars West Development and Production Lease (D&PL) comprising Oil & Gas Development Company Limited (PSX: OGDC) as the operator (77.5 %) & GHPL (22.5 % carried) has discovered Gas & Condensate from its exploratory efforts into "C" Sands of Lower Goru Formation over Development Well Dars West 02. Read more
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Posted on: 2023-12-11T05:30:00+05:00
