MG Morning Breeze: Updates to Skim before Market

January 03, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• IMF board meeting set for January 11 for second loan tranche

Pakistan has been included in the International Monetary Fund (IMF)'s meeting agenda for January 11, 2024, as per the IMF’s executive board calendar released. Read more

• Pakistani Rupee ends 13-Day winning streak against USD

The Pakistani rupee (PKR) snapped its 13-day-long winning streak by depreciating 3.37 paisa against the US dollar in Tuesday's interbank session and settled at PKR 281.89 per USD, compared to the previous session's closing of PKR 281.86 per USD. Read more

• PSX Closing Bell: Easy Does It

At close, the benchmark KSE-100 index settled Tuesday's trading session at 64,349.60 showing a decrease of 312.18 points or 0.48%. Read more

• Money supply reaches Rs35.18tr in November

The total money supply circulating within the economy till November 2023 has been recorded at Rs35.18 trillion, according to provisional accounts on Monetary Aggregates for the month. Read more

• Trade deficit improves by 34% YoY in 1HFY24

Pakistan's trade deficit for the first half of FY24 improved significantly by 34.29% YoY to $11.15 billion as compared to $16.97bn in 1HFY23. Read more

• 24-Karat gold price surges by Rs1,600 per tola

Gold prices in the country rose on Tuesday as the price of 24-karat gold surged by Rs1,600 per tola to Rs221,300. Read more

• Resumption of operations in sight for Fateh Sports Wear

Fateh Sports Wear Limited is actively pursuing the release of the stuck amount of $2 million and anticipates a swift resumption of operations once the stay order is vacated in the near future. Read more

• Oil sales fall 10% MoM to 1.24 MTs in December

The sales of oil marketing companies (OMCs) declined by 10% MoM to clock in at 1.24 million tonnes (MTs) in December 2023 compared to 1.37 MTs in November 2023. Read more

• Agha Steel to restart production activities in 10 days

Agha Steel Industries Ltd (PSX: AGHA) will commence operational production tentatively in ten working days. Read more

• Pakistan, UAE to sign MoU for digital Government Experience Exchange Program

Pakistan will enter into a Memorandum of Understanding (MoU) with the UAE government for the digital Government Experience Exchange Program. Read more

• Pakistan Railways’ revenue soars by 46% YoY to Rs41bn in 1HFY24

Pakistan Railways' revenue during the first half of the fiscal year 2023-24 reached Rs41 billion, reflecting a significant year-on-year surge of 46%. Read more

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