MG Morning Breeze: Updates to Skim before Market

June 19, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Govt raises over Rs1tr in bond auction, launches 15-year zero coupon bond

The Ministry of Finance has successfully raised over Rs1.2 trillion through a major auction of government bonds held today. Read more

• Ministry of Finance signs $1bn, 5-year long term financing facility

The Ministry of Finance has signed a $1 billion syndicated term finance facility, partially backed by a policy-based Guarantee under the Asian Development Bank’s (ADB) “Improved Resource Mobilization & Utilisation Reform” program. Read more

• SBP raises nearly Rs572bn through PIB auction

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bonds (PIBs) worth Rs571.76 billion. Read more

• SBP raises Rs916bn in 22-day T-bills auction

The State Bank of Pakistan (SBP) successfully concluded its auction of 22-day Market Treasury Bills (MTBs) today, accepting bids worth Rs915.6 billion at a cut-off yield of 11.3607%.. Read more

• Auto financing in Pakistan rises to Rs271bn in May

Automobile financing in Pakistan has increased to Rs271.24bn in May 2025, witnessing a rise of 3.01% MoM compared to Rs263.31bn recorded in April 2025, according to the latest data released by the central bank. On a year-on-year basis, car financing increased by 16.51%, as in the same period last year, the figure for financing was reported at Rs232.79bn. Read more

• Tribunal upholds CCP’s decision against Pakistan Steel Mills for abuse of dominance

The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan (CCP) decision against Pakistan Steel Mills (PSM), affirming its ruling that the state-owned enterprise had abused its dominant position in the sale of low-carbon steel billets. Read more

• Govt approves plan to cut power sector debt by Rs1.27tr

In a major policy move, the federal cabinet, under the chairmanship of Prime Minister Shehbaz Sharif, has approved a comprehensive plan aimed at reducing Pakistan’s longstanding circular debt in the energy sector. Read more

• SAPM urges reforms to support local industries, boost exports

Reforms that support domestic industries and boost exports were urged by Haroon Akhtar Khan, Special Assistant to the Prime Minister, Ministry of Industries & Production, emphasizing that Pakistan's resilient business community must be at the heart of sustainable economic revival. Read more

• Pakistan backs China’s GDI as symbol of connectivity, integration

Reaffirming Pakistan’s strong support for the Global Development Initiative (GDI), Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry described the initiative as a symbol of connectivity, coastal development, and regional integration. Read more

•  PM forms committee to promote cashless, digital economy

A committee has been constituted by Prime Minister Muhammad Shehbaz Sharif to promote a cashless economy and the digitization of the economy. Read more

• SECP steps in to smooth PSX account opening

The Securities and Exchange Commission of Pakistan (SECP) has constituted a committee to evaluate the existing account opening process with intermediaries in the capital markets and identify pain points. Read more

• Hybrid vehicles in Pakistan cost more than fuel savings

Pakistani car buyers have bought more than 35,000 SUVs at a price above Rs8 million in the last year, and to save fuel costs, 50% of customers preferred Hybrid Vehicles. Read more

• Karandaaz releases K-FIS 2024 on financial inclusion trends

Karandaaz Pakistan, an impact investment platform dedicated to driving sustainable economic growth and strengthening financial and social protection systems for inclusion, has released the 2024 edition of the Karandaaz Financial Inclusion Survey (K-FIS). Read more

• PSX Closing Bell: Hit the Floor

The benchmark KSE-100 Index concluded Wednesday's trading session at 120,465.93, showing a decrease of 1,505.11 points or 1.23%. Read more

• PKR loses 14 paisa against USD

The Pakistani rupee (PKR) depreciated by 13.94 paisa or 0.05% against the US dollar in Wednesday's interbank session to settle the trade at PKR 283.55 per USD, compared to the previous closing of 283.41. Read more

• Gold price in Pakistan falls Rs2,245 per tola

Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs359,055 per tola, down Rs2,245. Read more

• Govt unveils draft National Tariff Policy 2025–30

The Government of Pakistan unveiled the draft National Tariff Policy (NTP) 2025–30 during the National Regulatory Reforms Conference organized by the Board of Investment (BoI). Read more

• M2 rises by Rs4bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs4.32 billion WoW to Rs38.09 trillion as of June 06, 2025, data released by the State Bank of Pakistan (SBP) showed. Read more

• Govt borrows Rs138bn debt in a week

The government of Pakistan has acquired an additional debt of Rs138.36 billion during the week ended June 06, 2025, which brings its total net borrowing for the ongoing fiscal year 2025 to Rs2.54 trillion, according to the central bank's weekly estimates. Read more

• Careem bids farewell to Pakistan after nine-year ride

Careem, the Dubai-based ride-hailing company owned by Uber Technologies Inc., will shut down its operations in Pakistan on July 18, 2025, drawing curtains on nearly a decade of service in one of its largest South Asian markets. Read more

• Sindh Special Court issues 1st ever insider trading conviction

The Sindh Special Court (Offences in Banks) has issued Pakistan’s first-ever conviction for insider trading in a case filed by the Securities and Exchange Commission of Pakistan (SECP). Read more

• National electric vehicle policy to be unveiled soon: SAPM

The National Electric Vehicle (EV) Policy will soon be unveiled, said Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production (SAPM). Read more

• Interloop’s associate Textile Hub B.V. acquires Bonnie Doon

Textile Hub B.V., an associate company of Interloop Limited, has acquired the Bonnie Doon brand, an established and reputable legwear label, from Bonnie Doon B.V. Read more

• Pakistan imports from China clock in at around $2bn

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during May, followed by U. A. E. Dubai, Saudi Arabia, and U. S. A. Read more

• U. S. A. leads as top export destination for Pakistan in May

The U. S. A. remained the top export destination for Pakistan during May, with $516.15 million worth of shipments, up by 4.6% against the exports of $493.61m in the same period last year. Read more

• PM Youth Program, Fauji Foundation ink pact to boost education

Pakistan’s Prime Minister’s Youth Programme (PMYP) has signed a Letter of Intent (LoI) with the Fauji Foundation in a strategic bid to accelerate youth-focused human capital development across the country. Read mor

• Govt approves nearly Rs36bn AIP funding for merged districts of KP
  

  A major funding package of Rs35.968 billion has been released by the Ministry of Planning, Development and Special
  Initiatives with the approval of Prime Minister Shehbaz Sharif for the merged districts of Khyber Pakhtunkhwa under Read more

• SLG-Trax delivers first TIR cargo to Uzbekistan

  In a milestone development for regional connectivity, Secure Logistics – Trax Group Limited (SLG-Trax) has successfully completed its first cargo delivery to Tashkent, Uzbekistan under the Transports Internationaux Routiers.. Read more

• PSX proposes rule changes to tackle technical glitches in trading system

  In a move aimed at strengthening operational resilience, the Pakistan Stock Exchange (PSX) has proposed amendments to its regulations that would formalise the process for suspending or shutting down trading due to Read more 

  
  

• Overseas investors repatriate over $2bn in 11MFY25

  Foreign investors ' repatriation of profit and dividends rose 16.92% YoY in 11MFY25 to $2.11 billion compared to $1.8bn worth of repatriation in the same period last year, the latest data issued by the central bank revealed. Read more

  
  

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