MG Morning Breeze: Updates to Skim before Market

July 08, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan retires Rs500bn SBP debt early, total early paydowns reach Rs1.5tr

In another bold and unprecedented step toward fiscal responsibility, the Ministry of Finance has successfully retired Rs500 billion in debt owed to the State Bank of Pakistan (SBP), a full four years ahead of its scheduled maturity in 2029. Read more

• CCP cracks down on anti-competitive practices in FY25

To promote fair competition in Pakistan's markets, the Competition Commission of Pakistan (CCP) undertook strong enforcement actions during the fiscal year 2024–25 Read more

• Exchange sector gains ground in Pakistan's remittance market

Foreign exchange companies played a growing role in Pakistan’s remittance inflows in FY25, contributing an estimated $5 billion, including $450 million in June alone Read more

• China opens BRICS Customs Centre to boost trade ties

The BRICS Customs Centre of Excellence was officially inaugurated in Xiamen, located in east China's Fujian Province, to foster deeper economic and trade cooperation among BRICS nations. Read more

• SECP wraps up 1,761 proceedings in FY25

The Securities and Exchange Commission of Pakistan (SECP) remains committed to fostering a proactive compliance culture, concluding 1,761 adjudication proceedings in the financial year 2024-25. Read more

• Gold price in Pakistan falls Rs2,500 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs353,000 per tola, down Rs2,500. Read more

• PSX Closing Bell: Bulls Run the Show

The benchmark KSE-100 Index concluded Monday's trading session at an all-time high of 133,370.14, showing an increase of 1,421.08 points or 1.08%. Read more

• PKR falls 25 paisa against USD

The Pakistani rupee (PKR) fell by 25.22 paisa or 0.09% against the US dollar in Monday's interbank session to settle the trade at PKR 284.22 per USD, compared to previous closing of 283.97. Read more

• FinMin directs launch of Fan efficiency program

The Prime Minister’s Fan Replacement Program is set to launch its first phase by the end of the month, as directed by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. Read more

• SBP, ADB kick off $500m loans program to fuel women-led businesses

The Central Bank, in partnership with the Asian Development Bank (ADB), has rolled out a $500 million program aimed at expanding credit access for women entrepreneurs, as the country looks to narrow its gender financing gap and drive inclusive growth. Read more

• UAE denies golden visa scheme for crypto investors

The United Arab Emirates (UAE) has denied the existence of any golden visa program aimed at cryptocurrency investors, refuting Read more

• Arif Habib issues addendum on Lotte acquisition

Arif Habib Limited (PSX: AHL) has issued an addendum regarding the acquisition of up to 1.13 billion ordinary shares (75.01%) of Lotte Chemical Pakistan Limited Read more

• OGDC boosts Rajian-05 output nearly 4x after ESP installation

Oil and Gas Development Company Limited (PSX: OGDC) has completed the installation of Electrical Submersible Pump (ESP) at Rajian-05, resulting in a significant improvement in production, the Company's filing on PSX revealed today. Read more

• Pakistan charts new export strategy under TDAP

The Trade Development Authority of Pakistan (TDAP) has endorsed a series of strategic initiatives and restructuring plans to boost the country’s export competitiveness. Read more

• FBR enforces strict cash transaction limits to clamp down on tax evasion

The Federal Board of Revenue (FBR) has notified businesses, including importers, suppliers, and manufacturers, of tightened restrictions under Section 21 of the Income Tax Ordinance for FY26, aimed at discouraging excessive cash dealings and broadening the tax net. Read more

• PACRA maintains the entity ratings of Liberty Mills Ltd

Pakistan Credit Rating Agency (PACRA) has maintained the entity rating of Liberty Mills Limited (LML) at ‘A+’ for long term and at ‘A1’ for short term, with a ‘stable’ outlook forecast. Read more

• Pakistan sets 10-year AI vision in motion

To integrate AI into Pakistan’s development agenda, a National Artificial Intelligence (AI) Fund and a comprehensive 10-year roadmap have been launched 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 Read more

• Trump warns of 10% tariff on BRICS-aligned nations

U.S. President Donald Trump has issued a strong warning to countries supporting BRICS policies that challenge U.S. interests, declaring that such nations will face an additional 10% Read more

• LSE Capital declares offer to acquire stake in PGI

LSE Capital Limited (PSX: LSECL) has declared a public offer to acquire 7.64% shares (i.e., 3,822,101 ordinary shares) of The Pakistan General Insurance Company Limited Read more

• Key Pakistan Market Stats and Economic Indicators

Key Pakistan Market Stats and Economic Indicators Read more

• Trump says tariff letters will go out Monday

President Donald Trump declared late Sunday that the United States will begin delivering tariff letters to countries around the world Read more

• Mari Energies braces for earnings hit on RLNG glut

Mari Energies Ltd. (PSX: MARI) is staring at a steep earnings cut as Topline Securities slashed its FY25-27 profit forecasts by 31-42% on lower oil prices and a drop in production volumes due to surplus RLNG in Pakistan’s system. Read more

• NBP issues foreign exchange rates

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

• Urea sales likely up 20% in June

Fertilizer industry is estimated to have posted a 20% YpY recovery in Urea off-take for June 2025, reaching 580,000 tons, amid seasonal Kharif demand, improved irrigation conditions, and increased agri-financing. Read more

• Elon Musk launches 'America Party' as new political force

Tesla CEO Elon Musk has officially launched a new political movement, the "America Party," marking his bold entry into the U.S. political landscape as a third-party Read more

• Haval cuts ex-factory prices to hold overall rates

Haval has reduced its ex-factory prices to keep overall vehicle prices unchanged. Read more

• Asia stocks mixed after Trump sets tariff deadline

Asia-Pacific markets traded mixed on Monday after U.S. President Donald Trump confirmed that “reciprocal” tariffs, first announced in April, will take effect on August 1 Read more

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