FLASHNEWS:

Day: September 13, 2023

JS Securities Limited – JS Research (13 Sep 2023)

Karachi, September 13, 2023 (PPI-OT): Increasing base of NRPs yet to reflect in remittancesAug-2023 remittances barely maintained the recent monthly trend and clocked in at US$2.1bn (+3% MoM/-24% YoY), taking remittances for 2MFY24 down ~22% YoY to US$…

IGI Securities Limited – Day Break (13 Sep 2023)

Karachi, September 13, 2023 (PPI-OT): Inflationary Pressures Mounting: SBP Expected to Raise Rates by 150bpsWe expect the policy rate to increase by +150bps taking it to 23.5% as SBP is likely to view projected average CPI trajectory for the FY24 that …

Internet services suspended in Maharashtra’s Satara district

Mumbai, September 13, 2023 (PPI-OT): The administration has suspended internet services in the wake of violent anti-Muslim wave in the Indian state of Maharashtra.According to Kashmir Media Service, at least one person was killed and ten others were in…

VIS Reaffirms Entity Ratings of Sapphire Textile Mills Limited

Karachi, September 13, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Sapphire Textile Mills Limited (STML) at ‘A+/A-1’ (Single A Plus/A-One). Medium to long-term rating of ‘A+’ reflects good credit quality and …