MG Morning Breeze: Updates to Skim before Market

July 03, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Cement sales flat in FY25

Pakistan’s cement industry ended FY25 with marginal growth as soaring exports helped counter sluggish domestic demand, as the domestic cement sales dropped from 38.181 million tons in FY24 to 37.017 million tons during FY25, showing a decline by 3.05%, according to the data released by the All Pakistan Cement Manufacturers Association (APCMA). Read more

• SBP reserves cross $14bn mark in FY25

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose to $14.51 billion as of June 30, 2025, up $5.12bn from a year earlier, according to provisional data issued by SBP today. Read more

• CDNS revises profit rates on savings schemes

The Central Directorate of National Savings (CDNS) has revised profit rates across a range of its National Savings Schemes, effective from June 27, 2025. Read more

• PSX in FY25: From Oof to Boom

The Pakistan stock market delivered yet another stellar performance in FY25, extending last year’s extraordinary rally, though at a slightly tempered pace. Read more

• Gold price in Pakistan falls Rs600 per tola

Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs356,200 per tola, down Rs600. Read more

• Oil gains slightly as market eyes Iran, OPEC+ moves

Oil futures inched higher on Wednesday as Iran halted its cooperation with the U.N. nuclear watchdog, while markets assessed the likelihood of increased supply Read more

• PSX Closing Bell: Record Breaker

The benchmark KSE-100 Index concluded Wednesday's trading session at 130,344.03, marking a sharp gain of 2,144.61 points or 1.67%, and closing at its highest-ever level. Read more

• PKR decreases by 19 paisa against USD

The Pakistani rupee (PKR) decreased by 18.97 paisa or 0.07% against the US dollar in Wednesday's interbank session to settle the trade at PKR 283.95 per USD, compared to previous closing of 283.76. Read more

• Ahsan Iqbal directs preparations for N-25 project launch

The formal launch of the N-25 Expressway project has been slated for July 14, following directives from Planning Minister Ahsan Iqbal Read more

• OMO Result: SBP injects Rs1.16tr

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 Read more

• NEPRA approves uniform power tariff for FY26

The National Electric Power Regulatory Authority (NEPRA) has approved a uniform consumer-end power tariff for all state-owned distribution companies Read more

• BAPL works to resume core operations

Bawany Air Products Limited (PSX: BAPL) has reported progress toward resuming operations in line with its principal line of business, with the aim of exiting the PSX non-compliant sector. Read more

• Azgard Nine extends Muzaffargarh sale deadline

Azgard Nine Limited (PSX: ANL) has disclosed that the Agent Banks of its creditors have decided to further extend the deadline under Read more

• Aurangzeb advocates country-led, results-based development at FfD4

A renewed global commitment to revitalising international development cooperation is critical to achieving the ambitions of the 2030 Agenda for Sustainable Development. Read more

• KSE-100 touches 130,000 points

The benchmark KSE-100 Index touched a historic intraday high of 130,074.94 at 12:48 PM on Wednesday, marking an increase of 1,875.52 points or 1.46%. Read more

• Pakistan's OMC sales rise 2% MoM in June 2025, up 8% YoY

The sales volume of oil marketing companies (OMCs) in Pakistan saw a significant increase of 2% month-on-month (MoM) in June 2025, reaching a total of 1.57 million tons Read more

• Pakistan’s short-term FX liabilities reach $31bn

Due to maturing foreign currency loans, securities, and deposits, Pakistan's foreign currency assets are expected to see a net outflow of $31.13 billion, according to the latest liquidity report released by the State Bank of Pakistan (SBP). Read more

• Saudi Riyal available at PKR 76.4 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] Read more

• Lucky Motor revises ex-factory prices for Kia

Lucky Motor Corporation (LMC) has disclosed an upward revision in the ex-factory prices of various Kia vehicle models, effective from 1st July 2025. Read more

• PSX in June: La Vie En Rose

June proved to be another remarkable month for local equities, with the benchmark index climbing to an all-time high close of 125,627.31, up 5,936 points or 4.96% over May. Positive economic indicators and a balanced budget for FY26 underpinned the rally, despite mid-month volatility triggered by geopolitical tensions. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Read more

• PSX Opening Bell: Upbeat and Unstoppable

The benchmark KSE-100 Index kicked off Wednesday’s trading session on a positive note, opening at 129,452.06 with a gain of 1,252.64 points or 0.98%. Read more

• Govt policy shift lowers cost of imported vehicles

The government has revised downward the overall incidence of duties on imported vehicles following the fiscal policies introduced under Pakistan’s Finance Act 2025, Read more

• Asia markets waver while Singapore stocks soar

Asia-Pacific markets saw mixed performance on Wednesday, with Singapore stocks hitting a record high as investors digested Read more

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