MG Morning Breeze: Updates to Skim before Market

June 23, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Weekly Market Roundup

On the back of escalating geopolitical tensions, the Pakistan Stock Exchange endured a dismal week, erasing early gains from Monday’s Monetary Policy Statement, which held the policy rate steady. Read more

• OGRA confirms ample oil stocks

The Oil and Gas Regulatory Authority (OGRA) has reassured stakeholders and consumers that Pakistan currently maintains sufficient petroleum product inventories to satisfy prevailing demand. Read more

• NIBAF, Risk Associates join forces to bolster cybersecurity in Pakistan

National Institute of Banking and Finance-Pakistan (NIBAF Pakistan) and Risk Associates have formalized a landmark partnership through the signing of a Memorandum of Understanding (MoU), aimed at strengthening the cybersecurity and compliance readiness of the financial sector in Pakistan. Read more

• Pakistan Condemns U.S. Strikes on Iran

Pakistan’s Foreign Office on Sunday strongly condemned the United States’ airstrikes targeting Iran’s nuclear facilities, warning that the aggressive escalation risks plunging the Middle East into a wider war. Read more

• Govt secures Rs1.275tr at KIBOR -0.9% to resolve circular debt: Khurram Schehzad

The government has successfully secured a Rs1.275 trillion ($4.5 billion) Shariah-compliant financing package at a concessional rate of 3-month KIBOR -0.9%, a rate agreed by the IMF to address Pakistan’s long-standing circular debt crisis, without imposing any new burden on electricity consumers, Advisor to the Finance Minister Khurram Schehzad said in his latest post on X. Read more

• Pakistan recommends Trump for Nobel Peace Prize

The government of Pakistan has recommended U.S. President Donald Trump for the Nobel Peace Prize, crediting his diplomatic role in defusing recent tensions between Islamabad and New Delhi. Read more

• Key Pakistan Market Stats and Economic Indicators

Market Data and Economic Indicators Read more

• FBR to initiate bank account freezing of non-filers in FY26

The Federal Board of Revenue (FBR) is all set to freeze bank accounts of businesses and individuals who remain outside the sales tax net in the upcoming fiscal year 2025–26. Read more

• PM directs PNSC to expand fleet

Prime Minister Muhammad Shehbaz Sharif has directed Pakistan National Shipping Corporation (PNSC) to enhance its shipping fleet by acquiring vessels on lease in a bid to strengthen the country’s maritime capacity and reduce reliance on foreign shipping lines. Read more

• OMO Result: SBP injects over Rs14tr

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs14.304 trillion into the market of which Rs13.92 Read more

• PSX Closing Bell: Inch by Inch to Glory

The benchmark KSE-100 Index concluded Friday's trading session at 120,023.23, showing an increase of 20.64 points or 0.02%. Read more 

• IMF approves import of 5-year-old vehicles from Sept 2025

The International Monetary Fund (IMF) has approved the federal government’s proposal to permit the import of five-year-old vehicles starting from September 2025, officials from the Ministry of Commerce informed the Senate Standin Read more

• PKR falls 74 paisa per USD in a week

Over the past week, the Pakistani Rupee (PKR) lost 74 paisa or 0.26% against the US Dollar. The exchange rate rose from PKR 283.64 per USD on June 19 to PKR 283.7 on June 20, 2025. Read more 

• Gold price in Pakistan falls Rs1,595 per tola

Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs357,000 per tola, down Rs1,595. Read more.

• Adamjee Insurance to divest 6.5% stake in Adamjee Life

The board of directors of Adamjee Insurance Company Limited (PSX: AICL) has approved the sale of 16.25 million shares, equivalent to 6.5% of its subsidiary Adamjee Life Assurance Company Limited (PSX: ALIFE). Read more 

• Court Clips TRG Wings

In a landmark ruling, the Sindh High Court has blocked the attempted takeover of TRG Pakistan Limited by Bermuda-based Greentree Holdings, declaring that the shares acquired by Greentree, nearly 30% of TRG’s stock, were Read more

• Weekly SPI increases by 0.27%

Pakistan's short-term inflation increased by 0.27% compared to the previous week, while it fell by 2.06% compared to the same period last year, the Pakistan Bureau of Statistics (PBS) reported on Friday. Read more

• Pakistan receives $797m external financing in May

Pakistan secured external financing worth $797.31 million in May 2025 from multiple financing sources, 6.8% lower than last month and 28.5% higher than the same month last year. Read more

• Saudi Riyal available at PKR 76.3 in open market

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

• PM directs use of technology to eliminate fake medicines

In a decisive move to eradicate the heinous market of counterfeit medicines in Pakistan, Prime Minister Shehbaz Sharif has directed the concerned authorities to incorporate the latest technology into the country’s pharmaceutical systems. Read more

• Pakistan to import 500,000 tons of refined sugar after ECC approval

An in-principle approval has been granted for the import of 500,000 metric tons of refined sugar during a high-level meeting chaired by Deputy Prime Minister and Foreign Minister Ishaq Dar in Islamabad today. Read more

• Ishaq Dar to represent Pakistan at OIC Foreign Ministers' meeting in Istanbul

Ishaq Dar to Represent Pakistan at OIC Foreign Ministers' Meeting in Istanbul Read more

• Russia eyes investment in Pakistan’s mining sector

In a key development at the St. Petersburg International Economic Forum (SPIEF) 2025, Russia expressed interest in investing in Pakistan’s mining sector, following high-level talks between Minister for Energy Ali Pervaiz Malik and Read more

• PACRA to list on PSX’s GEM board via offer for sale

The Pakistan Credit Rating Agency Limited (PACRA) is set to be listed on the Pakistan Stock Exchange’s (PSX) Growth Enterprise Market (GEM) Board through an offer for sale. Read more

• Pakistan unveils major mining reforms at SPIEF 2025

Pakistan positioned itself at the prestigious St. Petersburg International Economic Forum (SPIEF) 2025 as a rising hub for mineral investment by showcasing sweeping sectoral reforms and new policy initiatives aimed at sustainable development. Read more

• PACRA maintains entity ratings of ENGRO Corp

Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Engro Corporation Limited (PSX: ENGRO) at "AA+" for the long term and "A1+" for the short term with a stable outlook forecast, a latest press release Read more

• Pakistan, Uzbekistan set sail for blue economy boost

Pakistan and Uzbekistan have agreed to form a joint working group to deepen maritime cooperation, with a focus on unlocking the untapped potential of the blue economy, green shipping and creating a robust trans-regional trade Read more

• Pakistan rolls out EV Policy 2025–30

In a bold leap toward sustainability and industrial self-reliance, the government has unveiled its National Electric Vehicle (NEV) Policy 2025–30, a transformative roadmap aiming to revolutionise the country’s transport landscape. Read more

• FM stresses skilled workforce development for agriculture, allied sectors

The need to develop a skilled labor force capable of contributing meaningfully to agriculture, food processing, and allied sectors was emphasized by Minister for National Food Security and Research, Rana Tanveer Hussain Read more

• Bank deposit rate falls by 141bps in May

The return on bank deposits has decreased by 141 basis points to 3.49% in May 2025 compared to the deposit rate of 4.90% last month, according to the latest official data. Read more

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