Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall below 14% YoY in May

MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market
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January 01, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The government has decided to keep the price of petrol and High-Speed Diesel (HSD) unchanged at Rs267.34 and Rs276.21 per litre, respectively. Read more

The Federal Board of Revenue (FBR) has made history by collecting over Rs1 trillion in December for the first time. Read more

The State Bank of Pakistan (SBP) has set the remuneration rate for January 2024 on Special Cash Reserve Account (US$) at 4.35%. Read more

The headline inflation for December 2023 is expected to settle around 28.4% – 30.1% YoY with an average estimate of 28.95% YoY compared to 29.2% YoY in November and 24.5% YoY in the same month last year. Read more

The Pakistan Stock Market posted its best yearly return since 2009, with its key benchmark KSE-100 index recording an eye-popping gain of 54.5% in 2023. Read more

The Pakistani rupee (PKR) concludes 2023 as one of Asia’s worst-performing currencies, plummeting by 55.43 rupees or 19.67% against the US Dollar. Read more

The shareholders of Sui Southern Gas Company Limited (PSX: SSGC) have resolved to initiate the issuance of 33.33 million ordinary shares through an Initial Public Offering (IPO) of SSGC LPG Limited. Read more

The Board of Directors (BoD) of Service Global Footwear Limited (PSX: SGF) have authorized to make a further long-term equity investment of up to Rs1.5 billion in Service Long March Tyres (Private) Limited (SLM). Read more

The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.37% WoW during the week ended December 28, 2023, while the SPI increased by 43.25% YoY compared to the corresponding period from last year. Read more

Domestic Bullion witnessed a major setback on Friday as the price of 24-karat gold dropped by Rs1,900 per tola to Rs220,900. Read more

The Water and Power Development Authority (WAPDA) generated approximately 34 billion units of low-cost, clean, and green hydel electricity in the year 2023, saving a significant Rs106 billion. Read more

Pakistan is projected to maintain an annual growth rate of 5% in electricity consumption from 2023 to 2047. Read more

The shareholders of Johnson & Phillips (Pakistan) Limited (PSX: JOPP) have resolved that the company shall be delisted from the Exchange upon completing all regulatory requirements as prescribed by the Exchange. Read more

The government is targeting to raise Rs3.4 trillion during the next three months (January-March) of FY24, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate. Read more

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Posted on: 2024-01-01T07:09:31+05:00