MG Morning Breeze: Updates to Skim before Market

July 18, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Auto financing in Pakistan rises to Rs277bn in June

Automobile financing in Pakistan has increased to Rs276.61bn in June 2025, witnessing a rise of 1.98% MoM compared to Rs271.24bn recorded in May 2025, according to the latest data released by the central bank. Read more

• SBP reserves rise to $14.53bn in a week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $23.4 million or 0.16% WoW to $14.53 billion during the week ended on July 11, 2025, data released by the State Bank of Pakistan showed on Thursday. Read more

• Gold price in Pakistan falls Rs900 per tola

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs355,100 per tola, down Rs900. Read more

• PSX calls for market feedback on free-float reforms

The Pakistan Stock Exchange (PSX) has invited market participants and stakeholders to provide feedback on a Consultation Paper proposing sweeping reforms to minimum free-float requirements to enhance market liquidity, improve price discovery, and align regulatory standards with global practices. Read more

• KTML Board proposes share sub-division to Rs2 face value

The Board of Directors of Kohinoor Textile Mills Limited (PSX: KTML) has recommended a sub-division of its ordinary shares, proposing a reduction in the face value from Rs10 to Rs2 per share. Read more

• Dar heads to Kabul to sign tri-nation rail project feasibility pact

A day-long visit to Kabul is scheduled today by Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar to sign the Framework Agreement on Joint Feasibility Study for the Uzbekistan-Afghanistan-Pakistan (UAP) Railway Project. Read more

• PSX Closing Bell: A Sky Full of Gains

The benchmark KSE-100 Index concluded Thursday's trading session at a historic high of 138,665.49, recording a robust gain of 2,285.53 points or 1.68%. Read more

• Govt launches dual front to tackle marine pollution

In a major push to combat marine pollution, the government has formed two committees to submit recommendations within 20 days, focusing on the Sewage Treatment Plant-III (STP-III) and the Combined Effluent Treatment Plant (CETP) to strengthen pollution control and protect marine ecosystems. Read more

• PKR holds steady at 284.97 per USD

The Pakistani rupee (PKR) fell by 0.22 paisa against the US dollar in Thursday's interbank session to settle the trade at PKR 284.97 per USD, compared to previous closing of 284.96. Read more

• SLCL signals revival with credit settlements underway

Security Leasing Corporation Limited (PSX: SLCL) has shared a promising update on its ongoing restructuring and revival strategy, which is a potential turnaround for the company after months of financial uncertainty. Read more

• Fateh Sports Wear looks to resume operations soon

Fateh Sports Wear Limited (PSX: FSWL) has reported active efforts to resume its operational activities amid pending financial constraints. Read more

• Pakistan taps Korean expertise to modernize water research

In a key move to tackle Pakistan’s water crisis, the government is partnering with South Korea to upgrade Pakistan Council of Research in Water Resources (PCRWR) research infrastructure and boost its water management capabilities. Read more

• OMO Result: SBP injects over Rs902bn

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 Rs902.52 billion into the market of which Rs865.12bn were injected through reverse repo OMO. Read more

• Global value chains drove growth in developing nations

To specialize in specific stages of production rather than manufacturing complex final goods, developing countries used global value chains (GVCs) as a pathway to prosperity for decades. Read more

• Madagascar to invest $100m in Pakistan as trade ties deepen

Pakistan is set to receive up to $100 million in investment from the Madagascar International Chamber of Commerce and Industry, aimed at strengthening trade cooperation. Read more

• PSX Mid-Day: Bulls Take the Wheel

The benchmark KSE-100 Index was trading at 137,946.29 by mid-day on Thursday, marking an increase of 1,566.33 points or 1.15%. Read more

• Pakistan, Indonesia strengthen defence, economic partnership

Pakistan and Indonesia have reiterated their resolve to strengthen multifaceted bilateral cooperation, with a particular focus on defence, defence production, economic ventures, and regional security, during a series of high-level meetings held in Islamabad. Read more

• Saudi Riyal available at PKR 77.2 in open market

The current exchange rates for the Saudi Riyal (SAR) and UAE Dirham (AED) against the Pakistani Rupee (PKR) remained stable as of [10 am PST], while the Qatari Riyal (QAR) witnessed a slight change in today’s session. Read more

• Trump says firing Fed Chair Powell ‘highly unlikely’

U.S. President Donald Trump has indicated it is "highly unlikely" he will fire Federal Reserve Chair Jerome Powell, despite renewed speculation following reports that he raised the idea with Republican lawmakers earlier this week. Read more

• Fertilizer profits set to surge 20% as volumes and margins rebound

Pakistan’s Fertilizer sector is on track to deliver robust earnings rebound in 2QCY25, with aggregate profits projected at Rs34.5 billion, marking a 20% jump from Rs28.7bn in the same quarter last year. Read more

• Cabinet approves pension increase for EOBI beneficiaries

The federal cabinet approved a 15% increase in pensions provided by the Employees’ Old-Age Benefits Institution (EOBI), in a meeting chaired by Prime Minister Muhammad Shehbaz Sharif. Read more

• Pakistan, Azerbaijan reaffirm commitment to stronger ties

Pakistan and Azerbaijan have reaffirmed their resolve to strengthen bilateral ties, with a special focus on enhancing trade, investment, and regional connectivity. Read more

• UBL branches now open on Sundays

United Bank Limited (UBL) has revealed a significant expansion in its customer service hours by opening select branches on Sundays. 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

• Asia markets subdued amid global uncertainty

Asia-Pacific markets were mostly subdued on Thursday as investors digested a range of geopolitical and economic developments, including a continued decline in Japanese exports and renewed uncertainty surrounding U.S. Federal Reserve Chairman Jerome Powell's tenure. Read more

• Pakistan, El Salvador partner on bitcoin, digital asset

In a landmark diplomatic engagement, Bilal Bin Saqib, Minister of State for Crypto and Blockchain and CEO of the Pakistan Crypto Council, met with President Nayib Bukele of El Salvador in San Salvador, marking the first-ever official meeting between a Pakistani government representative and the Salvadoran Head of State. Read more

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