March 14, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) raised Rs55.95 billion against a target of Rs190bn through the sale of fixed-rate Pakistan Investment Bonds (PIBs). Read more
The government is anticipated to make a minor adjustment to fuel prices for the second half of March 2024. Read more
The Pakistani rupee (PKR) appreciated by over 29 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 278.79 per USD, compared to the previous session's closing of PKR 279.08 per USD. Read more
Bears continued their domination at the Pakistan Stock Exchange (PSX) on Wednesday, with the benchmark KSE-100 index plunging another 753.26 or 1.16% to close at 64,048.44. Read more
The domestic bullion market snapped a record-breaking run of gains after hotter-than-expected US inflation data. Read more
LPG prices in Pakistan have spiked up to Rs400 per kg in hilly areas like Gilgit-Baltistan and remote areas as black marketing of the commodity continues during the month of Ramadan. Read more
The newly elected Finance Minister Muhammad Aurangzeb on Wednesday stressed the urgent need for digitizing the Federal Board of Revenue of Pakistan (FBR) to enhance transparency and efficiency in tax collection. Read more
Pakistan has met all Structural Benchmarks, Qualitative Performance Criteria and Indicative Targets for successful completion of the IMF review, said a press release issued by the finance division on Wednesday. Read more
The Competition Appellate Tribunal has upheld the Competition Commission of Pakistan's (CCP) order against Proctor and Gamble Pakistan (P&G) for engaging in deceptive marketing practices and has dismissed P&G's appeal to set aside CCP’s ruling. Read more
In response to increased black marketing of LPG during Ramadan, the Oil and Gas Regulatory Authority (OGRA) has launched a crackdown against illegal hoarders to ensure that LPG is sold to end consumers at prices prescribed by OGRA. Read more
Pakistan and Turkey need to enhance their bilateral cooperation in all areas of mutual interest including trade, defense, connectivity, and culture to achieve the bilateral trade target of $5 billion, Prime Minister Muhammad Shehbaz Sharif stated during a telephone call with Turkish Ambassador to Pakistan Mehmet Pacaci. Read more
Pakistan’s oil and gas exploration sector has recorded a stellar financial performance during the first half of the ongoing fiscal year 2024, delivering substantial returns despite the looming concerns over the circular debt plan during the period. Read more
The currency in circulation within the economy till March 01, 2024 has fallen by Rs88.02bn WoW to Rs8.41 trillion, according to provisional accounts on Monetary Aggregates for the week, maintained by the State Bank of Pakistan (SBP). Read more
The government of Pakistan has acquired an additional debt of Rs366.05 billion during the week ended March 01, 2024, which brings its total net borrowing for ongoing fiscal year 2024 to Rs3.09 trillion, according to the central bank's weekly estimates. Read more
The Central Bank released its Quarterly Payment Systems Review for the second quarter of the fiscal year 2023-24, which showcases significant progress in Pakistan's payment ecosystem. Read more
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Posted on:2024-03-14T06:13:47+05:00
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