MG Morning Breeze: Updates to Skim before Market

July 02, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan highlights economic reforms at Global Finance Conference

Pakistan showcased its initiatives to expand access to green and Islamic finance, deepen financial inclusion through digital infrastructure, and attract foreign direct investment Read more

• CAT dismisses Reckitt Benckiser's appeal in Strepsils case

The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by Reckitt Benckiser in the Strepsils case due to non-prosecution. Read more

• Pakistan’s trade deficit improves by over 9% in June

Pakistan’s trade deficit stood at $2.32 billion in June 2025, reflecting a 9.4% improvement compared to May 2025, according to the latest data released by the Pakistan Bureau of Statistics (PBS). Read more

• Gold price in Pakistan rises Rs6,600 per tola

Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs356,800 per tola, up Rs6,600. Read more

• PSX proposes key regulatory amendments

The Pakistan Stock Exchange (PSX) has proposed amendments to its regulations in three key areas. Read more

• Cement dispatches likely to drop 28% MoM in June 2025

Pakistan’s local cement dispatches are projected to decline by 28% month-on-month (MoM) to 2.63 million tons in June 2025. Read more

• PSX Closing Bell: Breaking Records, Breaking Ground

The benchmark KSE-100 Index concluded Tuesday's trading session at 128,199.42, marking a gain of 2,572.11 points or 2.05% and setting a new all-time high. Read more

• June inflation falls to 3.2%

Pakistan's inflation fell to 3.2% in June 2025, compared to 3.5% in the previous month and 12.6% in June 2024, the latest data issued by the Pakistan Bureau of Statistics (PBS) showed. Read more

• PACRA maintains the entity ratings of Bank Alfalah Ltd

Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Bank Alfalah Limited’s (BAFL) at " AAA" for long term and " A1+" for short term Read more

• PACRA maintains the entity ratings of JS Bank Ltd

Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of JS Bank Limited (PSX: JSBL) "AA" to the long-term Read more

• SBP to remain close on July 05, 06 on Account of Ashura

The State Bank of Pakistan (SBP) will remain closed from July 05 to July 06, 2025, on the occasion of Ashura, the circular issued by the central bank informed today. Read more

• Pakistan assumes UN Security Council Presidency for July 2025

Pakistan has assumed the Presidency of the United Nations Security Council (UNSC) for the month of July 2025, marking a significant leadership moment during its eighth term (2025–26) as an elected member of the Council. Read more

• Fitch sees growth in Islamic derivatives across key markets

The use of Islamic derivatives is set to grow further in some countries, driven by the availability of new products Read more

• VIS reaffirms entity ratings of Habib Bank Ltd

VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Habib Bank Limited (PSX: HBL) at ‘AAA/A1+’ (Triple A/A One Plus). Read more

• MARI completes tax recovery on 800% bonus shares following court order

Mari Energies Limited has successfully concluded the tax recovery process linked to its issuance of 800% bonus shares, acting in compliance with the directives of the Honourable Islamabad High Court under the Income Tax Ordinance, 2001. Read more

• GCIL, MARI sign term sheet for gas processing project

Ghani Chemical Industries Limited (PSX: GCIL) and Mari Energies Limited (PSX: MARI) have signed a Term Sheet to collaborate and evaluate the feasibility Read more

• VIS reaffirms entity ratings of National Bank Ltd

VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of National Bank of Pakistan (PSX: NBP) at 'AAA/A1+' (Triple A/A One Plus). Read more

• PSX enhances complaint management system

Pakistan Stock Exchange Limited (PSX) has introduced an upgraded version of its Complaint Management System (CMS) to assist investors Read more

• HBL, UBL expand service hours for customer convenience

Habib Bank Limited (HBL) and United Bank Limited (UBL) have declared the extension of branch service hours at selected locations across Read more

• The Silent Transition in Circular Debt: Fiscal Year Closes, Market Awaits Clarity

As Pakistan's fiscal year 2025 came to a close on June 30, a significant financial milestone outlined under the country's reform agenda— circular debt resolution— remains a focal point for policy watchers and capital market participants alike. Read more

• VIS reaffirms entity ratings of United Bank Ltd

VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of United Bank Limited (PSX: UBL) at 'AAA/A1+' (Triple A/A One Plus). Read more

• VIS upgrades entity ratings of Faysal Bank Ltd

VIS Credit Rating Company Limited (VIS) has upgraded entity ratings of Faysal Bank Limited (PSX: FABL) to 'AA+/A1+' (Double A Plus/A One Plus) from ‘AA/A1+’ (Double A/A One Plus). Read more

• FBR delivers historic 26% tax collection surge

The Federal Board of Revenue (FBR) has delivered one of the strongest revenue performances in the country’s history as it collected over Rs11.7 trillion, compared to Rs9.3tr in the previous fiscal year, up by 26% YoY. Read more

• LTO Karachi sets new record with Rs3.26tr collection in FY25

In a remarkable feat, the Large Taxpayers Office (LTO) Karachi has collected a record-breaking Rs 184.7 billion in a single day, pushing its total tax collection for June 2025 to Rs449.05bn, up by 48% growth compared to June 2024. Read more

• PSX Opening Bell: Green and Growing

The Pakistan Stock Exchange (PSX) kicked off the new fiscal year 2025–26 on a bullish note, reaching a fresh record high, as investor sentiment was buoyed Read more

• Asia markets mixed amid tariff uncertainty

Asia-Pacific markets were mixed on Tuesday as investors weighed Wall Street’s record-setting rally against uncertainty over U.S. President Donald Trump’s tariff Read more

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