March 15, 2024 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan and the International Monetary Fund (IMF) have commenced the second review of the Stand-By Arrangement signed on June 30, 2023. Read more
The Pakistan Stock Exchange (PSX) conducted an auction today for the sale of Government of Pakistan Ijara Sukuk (GIS) bonds, raising Rs93.61bn against the Rs50bn target set for GIS Variable Rental Rate (VRR) and GIS Fixed Rental Rate (FRR) and GIS FRD. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $17.2 million or 0.22% WoW to $7.91 billion during the week ended on March 08, 2024, according to the data released by the central bank on Thursday. Read more
The Pakistani rupee (PKR) showed minimal movement, gaining 1.36 paisa against the US dollar in Thursday's interbank session, to settle at PKR 278.77 per USD, compared to the previous session's closing of PKR 278.79 per USD. Read more
Pakistan's stock market bounced back strong on Thursday with its key benchmark KSE-100 index surging 1015.83 points or 1.59% to close at 65,064.27. Read more
Emphasizing a departure from piecemeal strategies, the newly elected energy minister Dr. Musadiq Masood Malik on Thursday assured that the new government would approach the International Monetary Fund (IMF) with a thoroughly prepared plan to solve the crises of the energy sector. Read more
French officials on Thursday expressed France's keen interest in investing in various aspects of Pakistan's energy landscape, ranging from LNG cargo provision to energy resource exploration, and projects aimed at enhancing energy trading, distribution, and transmission within the country. Read more
The domestic bullion market steadied on Thursday with 24-karat gold selling at Rs228,550 per tola, a gain of Rs250 compared to the previous session. Read more
Foreign currency deposits during February 2024 stood at $6.4 billion, depicting an increase of 0.73% MoM, according to recently released SBP data on foreign currency deposits and their utilizations. Read more
Under the guidance of the National Logistics Cell (NLC) and Special Investment Facilitation Council (SIFC), Pakistan has initiated Reefer Truck Transit to export fruits to Russia via a nearly six-thousand-kilometer land route. Read more
Once the Pakistan-GCC Free Trade Agreement comes into effect, the existing bilateral trade volume of $1 billion between Pakistan and Bahrain will be enhanced, Prime Minister Muhammad Shehbaz Sharif stated during a meeting with General Sheikh Mohammad Bin Isa Bin Salman Al Khalifa, Commander of Bahrain. Read more
Soon after the formation of the elected government, progress on the China-Pakistan Economic Corridor (CPEC), particularly the five new economic corridors, including the Corridor of Job Creation, Innovation, Green Energy, and Inclusive Regional Development, has been expedited. Read more
The newly elected Prime Minister, Shehbaz Sharif, has expressed the government's commitment to ensuring the timely implementation of initiatives under the China-Pakistan Economic Corridor (CPEC), said a press release issued on Wednesday. Read more
WorldCall Telecom Limited (PSX: WTL) has been included in the MSCI Frontier Small Cap Index, a recognition of its strategic position in the technology and communication sector and its contribution to the overall market dynamics, said a press release issued by the company. Read more
Pakistan Services Limited (PSX: PSEL) has disposed of one of its real estate assets which was previously classified as a Non-current asset situated at Abdullah Haroon Road, Karachi held for sale. Read more
With the slowdown in the inflation rate, Pakistan's Finance Minister Muhammad Aurangzeb anticipates a gradual reduction in interest rates, signalling a potential easing of financial pressures for businesses. Read more
Copyright Mettis Link News
Posted on:2024-03-15T05:55:38+05:00
43960
