MG Morning Breeze: Updates to Skim before Market

July 14, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan, UK to sign Trade Dialogue ToRs

In a major boost to Pakistan’s economic diplomacy, Federal Minister for Commerce Jam Kamal Khan, along with Secretary Commerce Mr. Jawad Paul, is set to sign the Terms of Reference (ToRs) for the Pakistan-UK Trade Dialogue during his official visit to the United Kingdom from July 14 to 20, 2025. Read more

• Key Pakistan Market Stats and Economic Indicators

Market Data and Economic Indicators Read more

• Inside NCCPL’s Rulebook Shift

The National Clearing Company of Pakistan Limited (NCCPL) has issued proposed amendments to its 2015 regulations, inviting public commentary. These proposals cover revisions to margin structures and broaden access to clearing and settlement mechanisms, notably for digital banks and equity-based Exchange Traded Funds (ETFs). Read more

• Weekly Market Roundup

The market extended its upward trajectory, buoyed by continued inflows from mutual funds as investors transitioned from fixed income to equity allocations, reflecting growing confidence in the equity market. Read more

• K-Electric dispels rumours of peak hour changes

K-Electric has officially debunked recent social media claims suggesting modifications to electricity peak hours, including the introduction of new morning peak timings and an extension of evening hours. Read more

• Gold price in Pakistan rises Rs2,300 per tola

Gold price in Pakistan increased on Friday, with 24-karat gold being sold at Rs357,000 per tola, up Rs2,300. Read more

• PKR gains 10 paisa per USD

The Pakistani rupee (PKR) increased by 10.34 paisa or 0.04% against the US dollar in Friday's interbank session to settle the trade at PKR 284.46 per USD, compared to the previous closing of 284.56. Read more

• PSX Closing Bell: Bulls Serenade The Bourse

The benchmark KSE-100 Index concluded Friday's trading session at 134,299.76, showing an increase of 517.42 points or 0.39%. Read more

• UBL doubles profit to Rs65bn in 1HCY25

United Bank Limited (PSX: UBL) reported a stellar 106% YoY jump in after-tax profit to Rs64.7 billion for the half year ended June 30, 2025, up from Rs31.4bn in the same period last year. Earnings per share (EPS) rose to Rs26.07, doubled from Rs12.58. Read more

• Ideal Spinning Mills to exit spinning business

Ideal Spinning Mills Ltd. is set to discontinue its spinning operations following board approval for the sale of a substantial portion of related plant and machinery. Read more

• OMO Result: SBP injects Rs1.72tr

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 Rs1.72 trillion into the market of which Rs1.47tr were injected through reverse repo OMO. Read more

• Weekly SPI increases by 0.95%

The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.95% WoW during the week ended July 10, 2024, while on YoY basis, it decreased 1.23% compared to the corresponding period from last year. Read more

• FinMin flags population growth as major threat to $3tr Economic Vision

The country’s ambitions to become a $3 trillion economy by 2047 will remain out of reach unless urgent action is taken to address the twin existential challenges of population growth and climate change, Finance Minister, Senator Muhammad Aurangzeb, warned on Thursday. Read more

• Pakistan eyes regional lead in digital trade at GLOBE Summit

Digital trade is emerging as a central pillar of Pakistan’s strategy to drive economic recovery, diversify exports, and deepen regional integration, officials said at the GLOBE Pakistan Summit 2025 held in Islamabad yesterday. Read more

• Bolan Castings to resume production on July 14

Bolan Castings Limited (PSX: BCL) will resume production operations from July 14, 2025, amid positive developments in the tractor market that have begun to restore demand for its products. Read more

• Meta partners with MoITT to launch AI Training Program

Meta has joined hands with Pakistan’s Ministry of IT and Telecommunication (MoITT), Higher Education Commission (HEC), and National Computing Education Accreditation Council (NCEAC) to roll out a nationwide AI training initiative aimed at equipping university faculty with critical artificial intelligence skills. Read more

• Pakistan, Russia ink deal to breathe new life into Steel Mills

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing industrial partnership. Read more

• Russia sets official dollar rate at 77.90 Rubles, Euro edges up

The Bank of Russia set the official exchange rate for the U.S. dollar at 77.9029 rubles for July 11, marking a decrease of 27 kopecks from the previous level. Read more

• Pakistan sees record 96% PSDP utilization

Pakistan achieved a historic milestone in fiscal year 2024–25 by utilising Rs1.04 trillion or 96% of its Public Sector Development Programme (PSDP), marking the highest-ever implementation rate. Read more

• Tribunal upholds CCP’s order against price fixing in household appliances sector

The Competition Appellate Tribunal has upheld the order of the Competition Commission of Pakistan (CCP) against leading electronic home appliances brands for engaging in resale price maintenance (RPM), a prohibited form of price fixing under the Competition Act, 2010. 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

• Mari Energies picks up stakes in three OPI blocks to boost local E&P

Mari Energies Ltd. (PSX: MARI) has signed farm-out agreements with Orient Petroleum Inc. (OPI) to acquire working interests in three oil and gas assets across Pakistan to deepen its footprint in the country’s onshore exploration sector. Read more

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