December 14, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual and quarterly worth Rs182.82 billion for 2, 3, 5 and 10 years against a target of Rs280bn. Read more
The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs2.151 trillion for 3,6 and 12 months against a target of Rs2.25tr. Read more
The key benchmark index of the Pakistan Stock Exchange (PSX) suffered its steepest daily drawdown in almost 3.5 months on Wednesday, a much-needed correction following a historical bullish run since September that lifted the index to record highs. Read more
The Pakistani rupee (PKR) appreciated by 16.99 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 283.61 per USD, compared to the previous session's closing of PKR 283.78 per USD. Read more
The Economic Coordination Committee (ECC) in its meeting today, authorized all provinces to ensure the availability of fertilizer to farmers at notified rates and take stringent actions against fertilizer dealers charging the farmers beyond the prescribed price. Read more
The Economic Coordination Committee (ECC) on Wednesday directed the Power Division to furnish additional information regarding the draft agreements intended to be signed with K-Electric, with the aim of preventing an increase in circular debt. Read more
The Assets Under Management (AUM) of Pakistan’s Mutual Funds Industry reached an all-time high level of Rs1.965 trillion in November. Read more
Fitch Ratings has affirmed Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'CCC', according to the latest rating report from the credit rating agency. Read more
On Wednesday, Sui Northern Gas Pipelines Limited (SNGPL) appealed to the Oil and Gas Regulatory Authority (OGRA) for an average prescribed gas price increase by Rs506.35 per MMBTU, effective July 01, 2023. Read more
Meezan Bank Limited (PSX: MEBL), a pioneer in Islamic banking, served as the lead Joint Financial Advisor in the groundbreaking auction held on December 09 for the sale of 1-year GoP Ijara Sukuk (GIS) for the first time through the Pakistan Stock Exchange Limited (PSX). Read more
Taj Gasoline (Private) Limited has extended the time period for its offer to acquire 41% voting shares and control of Hascol Petroleum Limited (PSX: HASCOL) by an additional 49 days, now lasting until January 31, 2024. Read more
Pakistan needs to track and embrace emerging trends in the insurance sector, as the risks are growing, both globally and nationally, demanding adequate coverage for people and businesses, Federal Minister for Finance Dr. Shamshad Akhtar said in her keynote address at SECP’s conference. Read more
Pakistan's external debt obligations for the Fiscal Year 2024 stand at $24.6 billion, the State Bank of Pakistan (SBP)'s governor said in the post-MPC meeting on Tuesday. Read more
The Privatisation Commission Board on Tuesday referred the decision for the transfer of 10% shares of the Oil & Gas Development Company (PSX: OGDCL) in the name of the Petroleum Division to the Cabinet Committee on Privatization (CCoP) as the divestment of shares had not been allowed by the CCOP/Cabinet earlier in 2021. Read more
The Board of Directors (BoD) of Azgard Nine Limited (PSX: ANL) has approved an option for preference shareholders that if they waive off their mark-up amount, their full principal payment will be made in one go on the first principal instalment date. Read more
The Securities and Exchange Commission of Pakistan (SECP) plans to unveil a 5-year strategic draft at the Insure Impact Conference 2023, focusing on boosting insurance penetration through technology, raising awareness, and promoting crop and disaster risk insurance. Read more
The Privatization Commission will undertake the privatization of selected Pubic Sector Enterprises/State Owned Enterprises (SOEs) using various modes such as strategic sales and concessions. Read more
The government anticipates raising approximately $4.5 billion from multilateral and bilateral sources, excluding the International Monetary Fund (IMF) in the current fiscal year. Read more
The Federal Board of Revenue (FBR) has directed all importers, manufacturers, wholesalers, dealers, and wholesaler-cum-retailers engaged in fast-moving consumer goods to install a Licensed Electronic Invoicing system and issue real-time verifiable Electronic Sales Tax invoices. Read more
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Posted on: 2023-12-14T07:34:58+05:00
