MG Morning Breeze: Updates to Skim before Market

July 07, 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, supported by institutional buying as investors shifted focus towards equities amid lower yields and increased taxation on fixed income. Read more

• National Savings Schemes see over Rs27bn inflow in May

The net receipts of Savings Mobilized by National Savings Schemes (NSS) stood at Rs27.54 billion in May as compared to receipts of Rs30.64bn in the previous month, the latest data issued by the State Bank of Pakistan (SBP) showed. Read more

• CAT upholds CCP’s ruling against PREMA Milk

The Competition Appellate Tribunal (CAT) has upheld the findings of the Competition Commission of Pakistan (CCP) against At-Tahur (Pvt.) Limited, the processors and marketers of PREMA Milk Read more

• Gold price in Pakistan falls Rs1,500 per tola

Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs355,500 per tola, down Rs1,500. Read more

• TRG in Supreme Court

Through an Exchange Notice today, TRG Pakistan has informed the Members that the Management believes that the Order, passed by Islamabad High Court to conduct Election of Directors, “has several shortcomings and irregularities.” Read more

• Govt domestic debt, liabilities nears Rs54tr in May

The total government domestic debt and liabilities have increased by 15.02% to Rs53.68 trillion in May 2025, compared to Rs46.67tr in May 2024, the latest data released by the State Bank of Pakistan (SBP) showed. Read more

• Central govt debt rises to Rs76tr in May

The total debt of the central government increased by 10.63% YoY to Rs74.94 trillion in May 2025, compared to Rs76045.01tr in May 2024, the data released by the State Bank of Pakistan (SBP) showed. Read more

• PSX Closing Bell: Singin’ in the Rain

The benchmark KSE-100 Index concluded Friday's trading session at 131,949.06, showing an increase of 1,262.41 points or 0.97%. Read more

• Sindh High Court halts BELA takeover amid shareholder dispute

The Sindh High Court (SHC) has ordered all parties to maintain the current status quo in a legal dispute involving BELA Automotives Limited and one of its shareholders, pending further proceedings. Read more

• Pakistan, Azerbaijan vow to deepen economic ties

Pakistan and Azerbaijan agreed to bolster cooperation in trade and investment, as Prime Minister Muhammad Shehbaz Sharif met Azerbaijan’s President Ilham Aliyev on the sidelines of the 17th Economic Cooperation Organization (ECO) Summit in Khankendi this week. Read more

• PKR falls 10 paisa against USD

The Pakistani rupee (PKR) decreased by 10.40 paisa or 0.04% against the US dollar in Friday's interbank session to settle the trade at PKR 283.97 per USD, compared to the previous closing of 283.86. Read more

• UDPL attributes filing delay to internal issues

United Distributors Pakistan Limited (PSX: UDPL) has attributed its failure to submit a timely exemption application to internal delays in gathering necessary information, a lapse that ultimately led to a Rs21 million penalty imposed by the Competition Commission of Pakistan (CCP). Read more

• SNGP says recent payments from Power Division are routine bills

Sui Northern Gas Pipelines Limited (PSX: SNGP) on Friday clarified that recent payments received from the Power Division were part of its regular billing cycle, dismissing speculation on social media linking them to circular debt settlements. Read more

• SAZEW sales race ahead in June

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• OMO Result: SBP injects Rs13.4tr

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 Rs13.4 trillion into the market of which Rs13.04tr were injected through reverse repo OMO. Read more

• PIA Investment receives $11m after 28-year arbitration saga

In a long-awaited resolution, PIA Investment Ltd has received $11 million in compliance with an arbitration award rendered in its favour 13 years ago, according to Pakistan’s Defence Minister Khawaja Asif. Read more

• Thatta Cement to change share face value to Rs2

Thatta Cement Company Limited (PSX: THCCL) has disclosed a change in the face value of its shares from Rs10 to Rs2, effective from July 14, 2025. Read more

• Weekly inflation rises 0.73%

Pakistan's short-term inflation increased by 0.73% compared to the previous week, while it fell by 2.06% compared to the same period last year, the Pakistan Bureau of Statistics (PBS) reported on Friday. Read more

• Bilal Fibres reports suspension of operations

Bilal Fibres Limited (PSX: BILF) has reported that its operations remained suspended with no business activities undertaken during the period. Read more

• SECP invites public feedback on share issue reforms

The Securities and Exchange Commission of Pakistan (SECP) has issued a notification inviting public consultation on proposed amendments to the Companies (Further Issue of Shares) Read more

• Pakistan produces 12m mobile phones in first half of 2025

Local mobile assembly and manufacturers have produced 12.05 million mobile phones during the first six months of the ongoing calendar year (January to May), while commercial imports totaled 0.76m. Read more

• Pakistan calls for credit rating reform at UN FFD4 summit

Pakistan delivered a strong message for credit rating reform at the Fourth International Conference on Financing for Development (FFD4) Read more

• Saudi Riyal available at PKR 76.4 in open market

The current exchange rates showed a slight change in the Qatari Riyal (QAR), while the Saudi Riyal (SAR) and UAE Dirham (AED) remained largely stable against the Read more

• Pakistan charts AI roadmap for key development sectors

To integrate Artificial Intelligence (AI) across twelve key sectors in Pakistan, a national roadmap was outlined during a meeting of the National Taskforce on Artificial Read more

• Trump reveals plan to set tariff rates without trade deals

President Donald Trump revealed that the United States will begin sending formal letters to countries on Friday, outlining the specific tariff rates they will face on exports to the U.S. Read more

• Lucky Cement achieves historic export milestone

Lucky Cement Limited (PSX: LUCK) has achieved a historic milestone by exporting over 3 million metric tons of cement Read more

• NBP issues foreign exchange rates

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

• TRG Pakistan plans appeal against IHC Order

TRG Pakistan Ltd. (PSX: TRG) is preparing to file an Intra-Court Appeal in the Islamabad High Court, citing “several shortcomings and irregularities” in a recent court order that directed the Securities and Exchange Commission of Pakistan to call an EOGM for board elections. Read more

• Asia markets mixed ahead of U.S. tariff deadline

Asia-Pacific markets traded mixed on Friday as investors awaited further clarity on the U.S. trade deals ahead of President Donald Trump’s deadline for higher tariffs next week. Read more

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