MG Morning Breeze: Updates to Skim before Market

July 04, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP reserves rise around to $13bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $3.66 billion or 40.41% WoW to $12.73 billion during the week ended on June 27, 2025, data released by State Bank of Pakistan showed on Thursday. Read more

• Gold price in Pakistan rises Rs800 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs357,000 per tola, up Rs800. Read more

• Microsoft exits Pakistan after 25 years

In a significant development for Pakistan’s tech landscape, Microsoft has officially closed its operations in the country, bringing an end to a 25-year chapter for the global software giant. Read more

• Privatisation Commission approves advisors for ZTBL

The Privatisation Commission Board has approved the appointment of Financial Advisors for the privatisation of Zarai Taraqiati Bank Limited (ZTBL) Read more

• PSX Closing Bell: Holding Ground

The benchmark KSE-100 Index concluded Thursday's trading session at 130,686.65, showing an increase of 342.62 points or 0.26%. Read more

• PKR strengthens 9 paisa against USD

The Pakistani rupee (PKR) increased by 9.09 paisa or 0.03% against the US dollar in Thursday's interbank session to settle the trade at PKR 283.86 per USD, compared to previous closing of 283.95. Read more

• BML Board authorizes CEO to execute deposit deal

Bank Makramah Limited (PSX: BML) has revealed that its Board of Directors endorsed an agreement with His Read more

• Pakistan reaffirms reform, partnership goals at FFD4

Pakistan reaffirmed its commitment to expanding international partnerships and advancing economic reforms to achieve sustainable development. Read more

• PM reviews progress on cashless economy plans

The importance of digital transaction systems in ensuring economic transparency was emphasized by Prime Minister Shehbaz Sharif during Read more

• Ghani Global secures SECP approval for share issuance

Ghani Global Glass Limited (PSX: GGGL) has received approval from the Securities and Exchange Commission of Pakistan (SECP) to issue up to 60 million ordinary shares amounting to Rs1.2 billion Read more

• Banks raise ATM withdrawal fee to Rs35

Banks across Pakistan have increased the fee for cash withdrawals at ATMs not operated by the cardholder’s own bank, effective July 2025 a move that directly affects millions of account holders nationwide. Read more

• SBP mandates biometrics for wallet cash

Pakistan’s digital finance sector has entered a new security phase with the implementation of biometric verification for Easypaisa and JazzCash cash transactions, effective July 1, 2025. Read more

• Overseas Pakistanis get tax-free mobile access for 120 days

The Pakistan Telecommunication Authority (PTA) has introduced a new initiative allowing overseas Pakistanis to register one mobile device without paying taxes Read more

• Saudi Riyal available at PKR 76.4 in open market

The current exchange rates for the Saudi Riyal (SAR) and UAE Dirham (AED) against the Pakistani Rupee (PKR) remained unchanged as of [10 am PST], while the Qatari Riyal (QAR) Read more

• Tier 3 URAAN Centre to steer Pakistan’s leap toward $1tr economy

URAAN Pakistan Data Centre, a Tier 3 facility equipped to deliver granular data from the national to household level, is emerging as the backbone of Pakistan’s strategy to transform into a $1 trillion economy by 2035. Read more

• Population crisis declared national emergency

Population management has been declared a “matter of national emergency,” with a call for immediate and coordinated national action during a high-level meeting Read more

• Bunny’s starts bread production in Islamabad

Bunny’s Limited (PSX: BUNNY) has officially commenced commercial operations at its newly installed bread production line in Islamabad’s I-9 Industrial Area, marking a strategic expansion into northern Pakistan. Read more

• Atlas Honda updates bike prices amid new taxes

Atlas Honda Limited has released its updated retail prices for motorcycles, effective July 1, 2025. Read more

• Pakistan mulls smelting hub at Siah Diq to tap copper boom

Pakistan is stepping up efforts to unlock the broader copper potential of the Chaghi region as part of its strategy to maximize returns from the Siah Diq Copper Mine Project. Read more

• Pak Suzuki revises car prices after budget 2025–26

Pak Suzuki Motor Company Limited has revised the retail prices of its entire automobile lineup, effective July 1, 2025, in response to new tax measures introduced in the Federal Budget 2025–26. Read more

• CCP penalizes UDPL, IBL for anti-competitive agreement in Pharmaceutical Sector

The Competition Commission of Pakistan (CCP) has imposed a total penalty of Rs42 million on United Distributors Pakistan Limited (UDPL) and International Brands (Private) Limited (IBL) for entering into and giving effect to a non-compete agreement that violated Section 4 of the Competition Act, 2010. Read more

• NBP issues foreign exchange rates

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

• Asian markets mixed as U.S.-Vietnam tariff deal unfolds

Asian stocks traded mixed on Thursday as Vietnamese equities surged to their highest level in over three years Read more

• Manufacturing growth slows to 10-month low as new orders decline

Pakistan's manufacturing sector showed signs of cooling as the HBL Manufacturing Purchasing Managers’ Index (PMI) slipped to a 10-month low of 50.5 in June, down from 51.1 in the previous month. Read more

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