MG Morning Breeze: Updates to Skim before Market

June 18, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Textile exports fall close to 5% in May: SBP

The country's total textile exports decreased by 4.8% to $1.41 billion in May compared to $1.48bn in the same month last year, data released by the State Bank of Pakistan (SBP) showed. Read more

• Petroleum import bill drops nearly 16% in May: SBP

The import bill of the petroleum group decreased by 15.8% to $1.14 billion in May 2025, compared to $1.36bn recorded in Read more

• Government reaffirms commitment to macroeconomic reforms

The government's reform agenda as laid out in the recent Federal Budget has reaffirmed the government's commitment to Read more

• China sounds alarm over U.S. actions in Mideast conflict

China has issued a warning to the United States regarding its role in the Iran-Israel conflict, accusing President Donald Read more

• SECP holds workshop on pension reforms

The Securities and Exchange Commission of Pakistan (SECP) convened a high-level National Workshop in Islamabad to advance the transition to Defined Contribution (DC) pension schemes. Read more

• Punjab govt unveils over Rs5tr budget for FY26

The Punjab government has proposed a Rs5.335 trillion budget for the upcoming fiscal year 2025-26. Read more

• Chinese delegation eyes housing investments in Pakistan

To explore major investment opportunities in Pakistan’s housing sector, a high-level Chinese delegation led by Yao Yu, CEO of DongKai International Read more

• K-Electric applies to list sukuk on PSX

Pakistan Stock Exchange Limited (PSX) has revealed that K-Electric Limited (PSX: KEL), a listed company on the Exchange Read more

• Gold price in Pakistan falls Rs1,000 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs361,300 per tola, down Rs1,000. Read more

• Punjab govt proposes 10% salary increase, 5% pension hike in FY26 budget

The Punjab government, in its budget for FY2025- 26, has proposed a 10% increase in the salaries of government employees and a 5% hike in pensions for retired employees.. Read more

• PSX Closing Bell: A Bump in the Road

The benchmark KSE-100 Index concluded Tuesday's trading session at 121,971.04, showing a decrease of 254.31 points or 0.21%. Read more

• PKR loses 24 paisa against USD

The Pakistani rupee (PKR) fell by 24.22 paisa or 0.09% against the US dollar in Tuesday's interbank session to settle the trade. Read more

• Mitsubishi Fuso, Hino to unite under new holding company

A new publicly listed holding company will be established, which will hold 100% ownership of both. Read more

• Govt plans rail access to Reko Diq by 2028

To meet future transportation and freight requirements, a directive has been issued to connect the Reko Diq region Read more

• KP keeps sales tax on services unchanged at 15% in budget FY26

The standard rate of sales tax on services in Khyber Pakhtunkhwa (KP) will remain unchanged at 15%, as per the KP Finance Bill 2025 presented in the Provincial Assembly. Read more

• Sindh overhauls sales tax structure on services

In a significant tax reform move, the Sindh Finance Bill 2025 proposes a complete structural shift Read more

• Re-composition: LUCK, DGKC, MLCF, SNGP & GAL added to Meezan Pakistan Index

The Pakistan Stock Exchange (PSX) has conducted the re-composition exercise of the Meezan Pakistan Index (MZNPI) as of June 02, 2025, a notice issued by the local bourse on Tuesday revealed. Read more

• Pakistan's Financial Business sector attracts highest net FDI of around 54m in May

Pakistan’s Financial Business Sector witnessed the highest net Foreign Direct Investment (FDI) worth $53.83 million in May 2025, as per the latest data released by the State Bank of Pakistan (SBP). Read more

• China leads FDI in Pakistan with net inflow of over $79m in May

China emerged as the largest investor in Pakistan in May 2025, with a net direct investment of $79.17m, followed by the United Kingdom and Hongkong which invested $19.35m and $17.92m respectively,according to the data issued by the State Bank of Pakistan (SBP). Read more

• Pakistan records FDI of $194m in May

Pakistan has recorded a of $193.92m in May, compared to worth $305.63m in the Same Period Last Year (SPLY) Read more

• Service sector trade deficit clocks in at $172m

The service sector of Pakistan posed a trade deficit of $172 million in May, reflecting a decline of 8.02% MoM, as compared to a deficit of $187m recorded in the previous month, the latest data released by the State Bank of Pakistan (SBP) showed. Read more

• Ishaq Dar stresses enhanced consular services for Pakistanis in Japan

To enhance consular services and ensure the welfare of the community, Deputy Prime Minister and Foreign Minister Ishaq Dar advised Pakistan’s Ambassador-designate to Japan, Abdul Hameed Bhutta, to extend all possible support to the Pakistani diaspora in Japan. Read more

• PKR’s REER index decreases to 97.8 in April

Pak Rupee's Real Effective Exchange Rate Index (REER) decreased by 1.5% in May 2025 to a provisional Read more

• PKR’s REER index decreases to 97.8 in April

Pak Rupee's Real Effective Exchange Rate Index (REER) decreased by 1.5% in May 2025 to a provisional Read more

• Saudi Riyal trades at PKR 76.2

The current exchange rates for the Saudi Riyal (SAR), and UAE Dirham (AED) against the Pakistani Rupee (PKR) as of [10 am PST] showed minor movements in today’s session, while the Qatari Riyal (QAR) remained unchanged. Read more

• Pakistan posts $103m current account deficit in May

Pakistan has recorded a current account deficit of $103 million, the latest data issued by the State Bank of Pakistan (SBP) revealed today. Read more

• Pakistan, UAE sign MoU to deepen development ties

Pakistan and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) to enhance cooperation through the exchange of knowledge and expertise across various areas of development. Read more

• Big industry output increases over 2% in April

The large-scale manufacturing (LSM) sector of Pakistan recorded an increase of 2.29% in April 2025 to 108.37 Read more

• NBP to reach nearly Rs150 by December 2026

National Bank of Pakistan (PSX: NBP) is poised to reach a price target of Rs149.7 per share by December 2026, offering an upside of 39% from the current market price of Rs108 per share, along with a CY25 dividend yield of 14%. Read more

• Pakistan, US advance talks on reciprocal tariffs

Pakistan and the United States advanced discussions on reciprocal tariffs during a virtual meeting between Pakistan’s Finance Read more

• Pakistan on track to meet FY25 targets: SBP Governor

The State Bank of Pakistan (SBP) is expected to comfortably meet its external debt servicing and foreign exchange reserve targets for FY25.. Read more

• Will Crude touch $100 per barrel?

Oil prices have surged in recent days, driven by escalating tensions in the Middle East and growing uncertainty over global supply routes. Read more

• Government renews focus on science, innovation

The government renewed its pledge to position Pakistan as a leader in science, technology, and innovation Read more

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