December 12, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is widely expected to maintain its policy stance of keeping the interest rate unchanged at 22%. Read more
The benchmark index of the Pakistan stock market experienced a volatile session on Monday, swinging in a wide range of 1,435 points between 66,564.04 (+340.41) and 65,129.00 (-1,094.63) points. Read more
The Pakistani rupee (PKR) maintained stability during Monday's interbank session to settle at PKR 283.9 per USD, compared to the previous session's closing of PKR 283.87 per USD. Read more
Domestic bullion faced a slight downside on Monday as the price of 24-karat gold inched down by Rs200 per tola to settle at Rs215,400 per tola. Read more
Passenger car sales plunged by 68.41% YoY in November 2023, clocking in at just 4,875 units compared to 15,432 units recorded in the same period last year. Read more
The Executive Committee of the National Economic Council (ECNEC) on Monday considered and approved nine projects worth Rs371.85 billion in various sectors. Read more
Chinese business and investment leaders, in a constructive interaction with Federal Commerce Minister Dr. Gohar Ejaz, expressed keen interest in exploring partnerships and ventures in various sectors as a part of efforts to boost economic and investment ties between the business communities of the two countries. Read more
The total deposits held by scheduled banks have moved up by 17.88% YoY to Rs.26.79 trillion in November 2023 compared to Rs.22.73 tr in November 2022. Read more
The wheat crop cultivation target has been achieved at 92.77%, with the commodity sown across more than 20.62 million acres of land in various crop-growing regions, compared to the target of 22.23m acres for the current Rabi season. Read more
Sazgar Engineering Works Limited (SAZEW) sold 773 units of Auto Rickshaw during November 2023, which was 23.01% MoM lower than the sales of 1,004 units made in the previous month. Read more
The Asian Development Bank (ADB) has approved $155.5 million in financing for Pakistan that will support policy reforms enhancing women’s access to finance and providing credit to women-led micro, small, and medium-sized enterprises. Read more
At-Tahur Limited (PSX: PREMA), in a notice issued today to the local bourse, has termed the ongoing inquiries by the Federal Investigation Agency (FIA) and National Accountability Bureau (NAB) against its Chief Executive (CEO), Rasikh Elahi, as political victimization. Read more
The government is targeting to raise Rs6.006 trillion during the next three months (December-February) of FY24, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate. Read more
Total inflows into Roshan Digital Accounts (RDA) during November 2023 stood at $137 million, bringing the total cumulative inflows into RDA to $7.035 billion. Read more
Turkish investor Aykut Çalikusu has withdrawn its public announcement of intention to acquire over 51% of shares and control of Tri-Star Power Limited (PSX: TSPL). Read more
Sitara Peroxide Limited (PSX: SPL) has decided to extend the suspension of its plant operation and production activities for another thirty days. Read more
Mari Petroleum Company Limited (PSX: MARI) has successfully drilled and tested a third horizontal development well Mari-124H in the Habib Rahi Limestone (HRL) Reservoir of Mari Gas Field in Daharki, Sindh Province. Read more
Copyright Mettis Link News
Posted on: 2023-12-12T05:15:06+05:00
