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S&P upgrades SoftBank’s credit otlook to positive on Arm IPO

Sep 22, 2023

S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group to positive from stable after the initial public offering (IPO) of British chip designer, Arm Holdings , its largest asset, last week, as Reuters reported.

Reko Diq draws interest from mining giants

Sep 22, 2023

Several major mining firms have expressed keen interest in Barrick Gold Corp.'s huge copper project in Pakistan, along with Saudi Arabia, according to the company’s top executive.

Pakistan’s LNG demand to triple by 2028: Bloomberg

Sep 22, 2023

Pakistan’s liquefied natural gas demand will nearly triple in five years as its production of domestic gas dwindles, Bloomberg reported.

Turkey’s central bank raises policy rate by 500bps to 30%

Sep 22, 2023

The Board is simplifying the existing micro- and macroprudential framework in a way that will increase the functionality of market mechanisms and strengthen macro-financial stability.

SBP to discontinue airtime incentive for USD remittances

Sep 22, 2023

The incentive of airtime equivalent to Rs2 per USD allowed by the Government of Pakistan will no longer be available or valid after thirty days, the latest circular issued by the Banking Policy & Regulations department of State Bank of Pakistan (SBP) notified today.

SECP revamps Shariah governance framework

Sep 22, 2023

The Securities and Exchange Commission of Pakistan (SECP) has notified the Shariah Governance Regulations, 2023, revamping the regulatory framework by combining and repealing the earlier Shariah Governance Regulations, 2018 and the Shariah Advisors Regulations, 2017, according to a press release issued today.

Govt hikes petrol prices by Rs26

Sep 18, 2023

The caretaker government on Friday hiked the petrol and High-Speed Diesel (HSD) prices by Rs26.02 and Rs17.34 per litre to Rs331.38 and Rs329.18 per litre, respectively, according to the notification issued by Ministry of Finance.

Key Pakistan Market Stats and Economic Indicators

Sep 18, 2023

Market Data and Economic Indicators

MG Morning Breeze: Updates to Skim before Market

Sep 18, 2023

Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

RTX to take $3 billion charge on Pratt & Whitney engine problem, shares tumble 8%

Sep 18, 2023

Pratt & Whitney’s parent said an engine manufacturing issue will hit its pretax results by $3 billion this quarter.

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