MG Morning Breeze: Updates to Skim before Market

June 24, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Iran fires missiles at U.S. Bases in Qatar, Iraq

In a fierce escalation of regional hostilities, Iran’s Islamic Revolutionary Guard Corps (IRGC) launched a volley of ballistic missiles late Monday under “Operation Blessings of Victory,” targeting U.S. bases in Qatar and Iraq in retaliation for recent Western strikes on its nuclear sites. Read more

• Qatar temporarily closes airspace over security concerns

As part of precautionary measures in light of recent regional developments, the State of Qatar has declared a temporary suspension of air navigation in the country’s airspace. Read more

• Govt purchases around Rs29bn Ijara Sukuk on Bai Mujjal basis

The State Bank of Pakistan (SBP) conducted an auction on Monday for the outright purchase of Government of Pakistan Ijara Sukuk (GIS) Read more

• Integrated Equities sets PACRA strike price at Rs15.05 per share

Integrated Equities Limited has determined the strike price of Rs15.05 per share for the Pakistan Credit Rating Agency (PACRA) through the Book Building process held on June 18 and 19, 2025. Read more

• Gold price in Pakistan falls Rs300 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs358,165 per tola, down Rs300. Read more

• Government focuses on affordable digital transactions

In a significant move to advance the country’s transition toward a cashless economy, the government has directed efforts to make digital transactions more Read more

• Diesel, petrol prices may rise by Rs27, Rs21 amid regional tensions

Diesel and petrol may rise by Rs27 per litre and Rs21 per litre, respectively, amid regional tensions, as domestic fuel prices are likely to face another round of hikes due to escalating global oil prices driven by the Israel-Iran conflict. Read more

• PSX revises technical services charges effective July 2025

The Pakistan Stock Exchange (PSX) has declared a revision in its technical services charges effective from July 1, 2025, due Read more

• PSX releases term sheet for 10-year fixed rate GoP Ijarah Sukuk

The Pakistan Stock Exchange (PSX) has issued the term sheet for the 10-Year Fixed Rate of Return (FRR) Zero-Coupon Government Read more

• PSX Closing Bell: Red Ink Everywhere

The benchmark KSE-100 Index concluded Monday's trading session at 116,167.47, showing a decrease of 3,855.76 points or 3.21%. Read more

• PKR decreases by 16 paisa against USD

The Pakistani rupee (PKR) fell by 16.56 paisa or 0.06% against the US dollar in Monday's interbank session to settle Read more

• Dost Steels Board clears right issue plan

The Board of Directors of Dost Steels Limited (PSX: DSL) approved the increase in the company’s ordinary issued paid-up share capital through the issuance of Read more

• Govt imposes new asset purchase restrictions for undeclared income

The government has imposed new restrictions on asset purchases for individuals who fail to declare sufficient income. Read more

• PAA urges reversal of unjustified WHT hike at FPCCI post-budget forum

A delegation from the Pakistan Advertisers Association (PAA) today represented the advertising and marketing communications sector at the Post-Budget Consultative Meeting on Tax Anomalies convened by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI). Read more

• Oil jumps as Middle East tensions escalate

Oil prices surged to their highest levels since January on Monday, driven by mounting supply concerns after the United States Read more

• Ecopack Board approves CAPEX for land, solar power project

Ecopack Limited’s (PSX: ECOP) Board has approved a capital expenditure (CAPEX) plan for the acquisition of 3.63 acres Read more

• Pak-Qatar Family Takaful wins fastest growing company award

Pak-Qatar Family Takaful Limited has been honored with the title of “Fastest Growing Family Takaful Company Pakistan” at the International Finance Awards 2025. Read more

• World reacts to US strikes on Iran

The United States has bombed three nuclear sites in Iran, further escalating the war between Israel and Iran. Read more

• PYMA raises alarm over budget impact on SMEs

The Pakistan Yarn Merchants Association (PYMA) has expressed strong concerns over the duty structure and policy ambiguities in the Federal Budget 2025–26. Read more

• Pakistan pledges stronger Saudi ties via parliamentary diplomacy

Pakistan is committed to further strengthening its brotherly relations with Saudi Arabia and emphasized the importance of parliamentary diplomacy in bringing the peoples of both countries closer. Read more

• VIS reaffirms entity rating of Master Textile Mills Ltd

VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Master Textile Mills Limited (MTML) to 'A+/A1' (‘A Plus/A One’). Read more

• Govt proposes revisions to tax rates on profit, dividends

The Federal Government has proposed amendments to the tax rates on profit on debt and dividends through the Finance Bill 2025. Read more

• TRG Pakistan plans Supreme Court appeal over SHC ruling

Citing multiple irregularities and infirmities, TRG Pakistan Limited (PSX: TRG) is planning to seek relief from the Supreme Court of Pakistan Read more

• Pakistan voices alarm over rising Middle East tensions

Pakistan has expressed deep concern over the escalating tensions in the Middle East, warning that the situation could spiral out of control with serious consequences for millions of innocent people. Read more

• Iran stands firm on nuclear program after attacks

Iran vowed to continue its nuclear program despite coordinated U.S. airstrikes on three major nuclear sites Fordow, Natanz, and Esfahan said Iran’s Ambassador to Pakistan Read more

• Pakistan stands by Iran in wake of U.S. strikes

Pakistan has strongly condemned the recent U.S. attacks, which came in the wake of Israel’s unprovoked and unjustified aggression over the past eight days. Read more

• PSX Opening Bell: In the Red Again

The benchmark KSE-100 Index kicked off Monday’s trading session on a negative note, opening at 118,031.71 with a decline of 1,991.52 points or 1.66%. Read more

• Asia markets fall after U.S. strikes in Iran

Asia-Pacific markets declined Monday following the United States’ attack on three nuclear sites in Iran Read more

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