MG Morning Breeze: Updates to Skim before Market

June 12, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Trump says U.S.-China deal Is done, citing rare earth agreement

President Trump declared that the United States and China have reached a trade agreement, which now awaits final approval from him and President Xi. Read more

• Tax shift hits VPS, aids equity funds

Pakistan’s FY26 budget proposed a sweeping overhaul of savings-market taxation, ditching long-standing income-exemption benefits on Voluntary Pension Schemes (VPS) and reshaping the way mutual-fund dividends are taxed.. Read more

• S&P projects wider budget deficit for Pakistan

S&P Global Market Intelligence has projected Pakistan's overall budget deficit to reach 5.1% of GDP, notably higher than the government's budget estimate of 3.9% of GDP. Read more

• Auction Result: Govt raises Rs853bn through T-bills

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs853.4 billion. Read more

• FM backs stock tax break to fuel privatization push

Pakistan’s Finance Minister Senator Muhammad Aurangzeb has defended the government’s decision to tax mutual fund income at 25% while keeping stock market income taxed at a lower 15%, saying the capital markets need to be incentivised for long-term economic growth. Read more

• PKR falls 25 paisa per USD

The Pakistani rupee (PKR) fell by 25.89 paisa or 0.09% against the US dollar in Wednesday's interbank session to settle the trade at PKR 282.47 per USD, compared to previous closing of 282.21. Read more

• PSX Closing Bell: Market on Fire

The benchmark KSE-100 Index concluded Wednesday's trading session at a record high of 124,352.68 points, marking an impressive gain of 2,328.24 points or 1.91%.. Read more

• SECP breaks record with over 3,600 company registrations

The Securities and Exchange Commission of Pakistan (SECP) achieved a historic milestone in May 2025 by registering 3,609 new companies the highest ever Read more

• Gold price in Pakistan rises Rs600 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs352,900 per tola, up Rs600. Read more

• Workers’ remittances rise to $3.7bn in May

Pakistan’s workers’ remittances reached $3.68 billion in May 2025, according to data released by the State Bank of Pakistan (SBP) today.. Read more

• Saudi Riyal to PKR exchange rate

The current exchange rates for the Saudi Riyal (SAR) and UAE Dirham (AED) showed minor fluctuations, while. Read more

• Finance Minister holds post-budget presser on FY26 plans

Finance Minister Muhammad Aurangzeb addressed a post-budget press conference today to elaborate on the government’s fiscal. Read more

• Pakistan cuts spending, commits to fiscal discipline to uphold IMF loan program

Pakistan slashed spending and pledged to stay the course on fiscal consolidation for the upcoming financial. Read more 

• Sazgar produces 1,900 three-wheelers, 1,048 four-wheelers in May 2025

Sazgar Engineering Works Limited (PSX: SAZEW) produced 1,048 units and recorded sales of 919 units for its four-wheelers. Read more

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