December 20, 2023 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Economic Coordination Committee (ECC) will review the settlement of payables to Government Owned Power Plants (GPPs) at par with IPPs with the release of Rs262.075 billion to public sector power plants through a Technical Supplementary Grant (TSG). Read more
The Pakistan Stock Exchange (PSX) witnessed a substantial setback in today's session as its benchmark KSE-100 index recorded its second largest day-on-day points decline of 2,371.64 points. Read more
The Pakistani rupee (PKR) maintained its upward trajectory by appreciating around 20 paisa against the US dollar in Tuesday's interbank session and settled the trade at PKR 283.01, as compared to the previous day's closing of PKR 283.21 per USD. Read more
Gold prices in the domestic bullion market continued their upward trend on Tuesday, as the price of 24-karat gold edged up by Rs400 per tola and settled the session at Rs217,600. Read more
The policy measures implemented by the government have yielded positive results for the Information Technology (IT) industry as the export of services through this industry has surged by 11.66% YoY to $259m in November. Read more
Dandot Cement Company Limited (PSX: DNCC) has commenced operations following the successful completion of the Balancing, Modernization, and Replacement (BMR) phase. Read more
Clover Pakistan Limited (PSX: CLOV) has received a proposal from Fossil Energy (Private) Limited (FEPL) regarding the appointment of Clover as its sole dealer to manage, operate, and maintain FEPL's Company Owned Company Operated (COCO) Filling / Service Stations including Agri sites. Read more
The Pakistan Stock Exchange Limited (PSX) has carried out the Re-Composition exercise of the PSX-KMI All Share Islamic Index for the review period from January 01, 2023, to June 30, 2023. Read more
Automobile financing in Pakistan has dropped to Rs257.06 billion in November 2023, witnessing a decrease of 24.43% YoY and 2.64% MoM compared to Rs340.17bn in November 2022 and Rs264.03bn in October 2023. Read more
The inflow of remittances into the country through exchange companies has seen a rise of 10% to 15% following the recent crackdown. Read more
The country secured external financing worth $415.99 million in November 2023 from multiple financing sources, the latest monthly report by the Economic Affairs Division (EAD) showed. Read more
The State Bank of Pakistan (SBP) has granted its approval to TPL Corp Limited (PSX: TPL) and Abhi (Private) Limited to initiate the due diligence process for FINCA Microfinance Bank Limited. Read more
Arif Habib Limited (PSX: AHL) being a manager to offer has submitted a Public Announcement of Intention (PAI) to acquire 76% shareholding in Hascol Petroleum Limited (PSX: HASCOL) on behalf of Millat Global Holdings Limited. Read more
In a notable collaboration between Pakistan and China within the agricultural sector, the first-ever consignment of dried chilies has been dispatched to China. Read more
Copyright Mettis Link News
Posted on: 2023-12-20T07:38:24+05:00
