December 18, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The benchmark index of the Pakistan Stock Exchange (PSX) snapped its 10-week-long winning streak to close at 66,130, showing a decrease of 93.6 points or 0.14% WoW. Read more
The Pakistani rupee (PKR) appreciated by over 61 paisa against the US dollar in this week and settled the trade at PKR 283.26 per USD, compared to the previous session's closing of PKR 283.72 per USD. Read more
Gold prices in Pakistan increased this week as the price of 24-karat gold rose by Rs1,200 per tola and settled the week at Rs216,800. Read more
The caretaker federal government on Friday announced a significant reduction in fuel prices, as the price of petrol and diesel witnessed a cut of Rs14 and Rs13.50 per litre, respectively. Read more
The Pakistan Stock Exchange Limited (PSX) has carried out the Re-Composition exercise of KSE-Meezan 30 Index (KMI-30) for the review period from January 01, 2023 to June 30, 2023. Read more
The International Monetary Fund (IMF) resident representative in Pakistan on Friday denied media reports that the lending body is planning to ask Pakistan to increase taxes on salaries and business income, and increase the maximum threshold for petroleum levy. Read more
The country’s overall nutrient intake surged by 12.4% YoY to 543,000 tons during November 2023 as compared to an offtake of 483,000 tons in the same month last year. Read more
Pakistan’s Large Scale Manufacturing Industries (LSMI) production decreased by 2% MoM in October 2023 to stand at 111.06 compared to 113.32 in September 2023. Read more
The All Pakistan Textile Mills Association (APTMA) has signed a Memorandum of Understanding (MOU) with the China Chamber of Commerce for Import and Export of Textiles (CCCT). Read more
The governor of the State Bank of Pakistan (SBP) emphasized the need to strengthen and promote growth in the agriculture sector, which is pivotal for the socioeconomic development of the country. Read more
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah-compliant Modarabah-based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs5.6 trillion into the market. Of which Rs5.3tr were injected through reverse repo OMO. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group eased by 0.06% WoW during the week ended December 14, 2023, while the SPI rose by 43.16% YoY compared to the corresponding period from last year. Read more
The Organic Meat Company Limited (TOMCL) has successfully secured the approvals of its Environmental Management Plan (EMP) from the Sindh Environmental Protection Authority (SEPA). Read more
The Economic Coordination Committee (ECC) of the Cabinet has approved the proposal of the Power Division for the signing of the draft PPAA, ICA, TDA & Mediation Agreements between K-Electric & GoP Entities. Read more
The Board of Directors (BoD) of Archroma Pakistan Limited (PSX: ARPL) has resolved to allot and issue an aggregate of 445,460 ordinary shares of the company to the shareholders of Huntsman. Read more
AKD Securities Limited (AKDSL), Munir Khanani Securities Limited, and Arif Habib Limited (AHL) emerged as the top three brokers among the recipients of the 'Top 10 Brokers with Most Active Accounts' for the month of November. Read more
Pakistan Credit Rating Agency Limited (PACRA) has assigned an initial entry rating of "AA+" for long-term and "A1+" for short-term to The Hub Power Company Limited (PSX: HUBC’s) debt instrument. Read more
The government has launched the Indigenous Research and Development Agency (IRADA) to help connect the Defence sector, academia, and industry in Pakistan. Read more
The executive committee for the Special Investment Facilitation Council (SIFC) launched a business and investment-friendly SIFC Visa facility. Read more
The purchase of Telenor operations by Pakistan Telecommunication Company Limited (PSX: PTC) is welcoming for the telecom sector as it will accelerate the process of digital transformation in the country, Caretaker Minister for IT and Telecommunication Dr. Umar Saif stated. Read more
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Posted on: 2023-12-18T05:29:15+05:00
