January 08, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Pakistani rupee (PKR) appreciated by 46 paisa against the US dollar this week and settled at PKR 281.4 per USD, compared to the previous week's closing of PKR 281.86 per USD. Read more
The benchmark KSE-100 index closed the first week of 2024 at 64,515, showing an increase of 2,064 points or 3.30% WoW. Read more
Domestic Bullion snapped its three-day losing streak on Saturday but concluded the first week of 2024 on a negative note as the price of 24-karat gold dropped by Rs2,000 per tola to Rs218,000. Read more
Pakistani freelancers can 'receive' payments through PayPal, without needing to open a PayPal account. Read more
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.81% WoW during the week ended January 04, 2024, while the SPI increased by 42.86% YoY compared to the corresponding period from last year. Read more
With the K-Electric Limited (PSX: KEL) hurdles addressed, the company is now better positioned to reignite the interest of potential and new investors. Read more
Government borrowings from banks have surged to a new peak, amounting to Rs3.214 trillion during the first six months of the current fiscal year (FY24), as opposed to Rs1.019tr recorded during the corresponding period last year. Read more
Domestic bullion maintained its downward trajectory on Friday as the price of 24-karat gold in Pakistan dropped by Rs1,200 per tola to Rs217,000. Read more
K-Electric Limited (KE) has entered into a Power Purchase Agency Agreement (PPAA) and Tariff Differential Subsidy Agreement (TDSA) with the federal government, through its representative bodies. Read more
Secure Logistics Group Limited is aiming for an initial public offering in Pakistan that could raise at least Rs750 million ($2.7m), following a surge in the country’s stock market, Bloomberg reported. Read more
All national and provincial plans have to be aligned with the Sustainable Development Goals (SDGs) goals as 78% of the SDGs subjects are devolved to the provinces and 68% are relevant to the local government, as noted during the 4th meeting of the National Economic Council (NEC) Sub Committee on SDGs. Read more
The government's total domestic debt and liabilities have risen by 23.43% YoY to Rs41.54 trillion in November 2023, compared to Rs33.65tr in November 2022, the latest data released by the State Bank of Pakistan (SBP) showed. Read more
The government plans to reduce the electricity tariff from 16 cents to 9 cents per unit for the export-oriented and zero-rated industries to ease the burden, subject to approval from the cabinet and the International Monetary Fund (IMF). Read more
Cotton arrivals in Pakistan reached 8.171 million bales as of December 31, 2023, the latest data released by the Pakistan Cotton Ginners Association (PCGA) showed. Read more
The net inflows of Savings Mobilized by National Savings Schemes (NSS) stood at Rs1.44 billion in November as compared to substantial outflows of Rs28.09bn in the previous month. Read more
The total debt of the central government increased by 24.39% YoY to Rs63.39 trillion in November 2023, compared to Rs50.96tr in November 2022. Read more
Bilal Fibres Limited (PSX: BILF) continues to be non-operational, but the company remains hopeful that operations will resume once the position of the textile industry improves in the country. Read more
The Central Development Working Party (CDWP) approved a development project with a cost of Rs45.69 million. Read more
The Neelum Jhelum hydel power station will cease electricity generation from January 10, 2024, during the current low-flow season for the inspection of its 3.5-kilometre-long tailrace tunnel. Read more
Salman Noman Enterprises Limited (PSX: SANE) continues to face suspension of operations due to the instability and adverse political situation. Read more
Copyright Mettis Link News
Posted on: 2024-01-08T07:42:13+05:00
