MG Morning Breeze: Updates to Skim before Market

June 30, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Weekly Market Roundup

The market closed the week on a strong note, buoyed by improved investor sentiment following a ceasefire between Israel and Iran that helped ease geopolitical tensions. Read more

• Pakistan passport climbs to 100th position in global rankings

Pakistan’s passport has made a notable improvement in the global rankings, moving up to the 100th position from its 113th spot in 2021, according to the latest data released by Henley & Partners, an international passport ranking platform. Read more

• PNSC eyes $700m freight windfall with fleet expansion to 34 ships

Pakistan National Shipping Corporation (PNSC) is set to generate an estimated $700 million in freight earnings by expanding its cargo fleet to 34 vessels over the next three years. Read more

• Govt dismisses talk of $100m Roosevelt Hotel floor price

The Privatisation Commission rejected reports that the government has set a $100 million base price for the sale of Roosevelt Hotel, calling the claims premature and misleading. Read more

• Pakistan wins key ruling on Indus Waters Treaty

In a significant legal breakthrough for Pakistan, the Permanent Court of Arbitration (PCA) in The Hague has ruled that India cannot unilaterally suspend or sideline the arbitration process under the Indus Waters Treaty (IWT), despite India’s recent attempts to do so. Read more

• PSX to roll out KSE100PR on June 30

The Pakistan Stock Exchange Limited (PSX) is introducing a price return variant of the KSE100 index, namely the KSE 100 Price Return Index (KSE100PR), effective from Monday, June 30, 2025. Read more

• Pakistan steals global spotlight with record drop in default risk

Pakistan has emerged as the most improved economy worldwide in terms of reducing sovereign default risk, topping global emerging market (EM) rankings, according to the latest data shared by Bloomberg Intelligence. Read more

• Savills steers Marina View deal for HBL AMC

Signs of renewed confidence are emerging in Karachi’s real estate sector as Savills Pakistan facilitated a major institutional acquisition in the city’s commercial heart. Read more

• Govt pledges reforms for State-Owned Enterprises

The government has reaffirmed its commitment to strengthening the governance, operational efficiency, and financial sustainability of key public sector entities. Read more

• STL approves merger with Supernet Limited under reorganization plan

Supernet Technologies Limited (PSX: STL), in collaboration with its group company Supernet Limited (GEMSPNL) and their respective members, has approved a corporate and capital reorganization involving a merger by way of amalgamation. Read more

• Gold price in Pakistan falls Rs5,000 per tola

Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs351,000 per tola, down Rs5,000. Read more

• ECC approves grants worth nealry Rs3tr for Finance Division

The Economic Coordination Committee (ECC) of the Cabinet approved major Technical Supplementary Grants (TSGs) worth Rs829.67 billion and Rs1.774 trillion for the Finance Division. Read more

• TRG shareholders to receive tendered shares back

TRG Pakistan Limited has stated that the Honorable High Court of Sindh has issued its judgment in JCM No. 12 of 2025 regarding the Public Offer made by Greentree Holdings Limited. Read more

• PSX Closing Bell: Riding the Bull

The benchmark KSE-100 Index concluded Friday's trading session at 124,379.06, showing an increase of 2,332.60 points or 1.91%. Read more

• Philip Morris Pakistan to voluntary delist from PSX at Rs1,300/share

The voluntary delisting application of Philip Morris (Pakistan) Limited (PSX: PMPK), involving a sponsor offer of Rs664 per share and a minimum buyback price set at Rs1,300 per share, was determined by the Voluntary Delisting Committee (VDC or the Committee) of the PSX. Read more

• SBP to remain closed for public dealing on July 01

The State Bank of Pakistan will remain closed for public dealing on July 01, 2025 (Tuesday), which will be observed as Bank Holiday. Read more

• OMO Result: SBP injects Rs12tr

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 Rs12.37 trillion. Read more

• PKR falls 6 paisa against USD

The Pakistani rupee (PKR) weakened by 5.56 paisa or 0.02% against the US dollar in Friday's interbank session to settle the trade at PKR 283.72 per USD, compared to previous closing of 283.67. Read more

• China’s industrial profits sink more than 9% in May

China’s industrial profits plunged 9.1% in May from a year earlier, in the latest sign that Beijing’s stimulus efforts are falling short in boosting enterprises’ profitability. Read more

• China, U.S. agree on rare earth, tech trade terms

The United States and China have confirmed the details of a trade framework aimed at enabling rare earth exports and easing technology-related restrictions, Read more

• Pakistan, Saudi Arabia focus on AI, semiconductor training

Pakistan and Saudi Arabia have agreed to deepen bilateral cooperation in emerging technologies, artificial intelligence, and digital infrastructure. Read more

• Weekly SPI decreases by 0.18%

Pakistan's short-term inflation decreased by 0.18% compared to the previous week, while it fell by 1.52% compared to the same period last year, the Pakistan Bureau of Statistics (PBS) reported on Friday. Read more

• OGDC confirms successful test at TAL Block well

Oil & Gas Development Company Limited (PSX: OGDC) has confirmed successful hydrocarbon production testing from the Makori Deep-3 Development Well Read more

• PACRA maintains entity ratings of Soneri Bank Limited

Pakistan Credit Rating Agency Limited (PACRA) has maintained a long-term rating of ‘AA-’ and a short-term rating of 'A1+' to Soneri Bank (PSX: SNBL), according to the latest press release issued by PACRA. Read more

• PM unveils five-year MSME support plan

To promote innovative and sustainable projects by micro, small, and medium-sized enterprises (MSMEs), a Rs30 billion Development Fund has been established for implementation over the next five years. Read more

• PACRA maintains the entity ratings of Yunus Textile Mills Ltd

Pakistan Credit Rating Agency Limited (PACRA) has maintained a long-term rating of ‘AA’ and a short-term rating of 'A1+' to Read more