MG Morning Breeze: Updates to Skim before Market

July 22, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Overseas investors repatriate over $2bn in FY25

Foreign investors ' repatriation of profit and dividends rose 0.2% YoY in FY25 to $2.22 billion compared to $2.22bn worth of repatriation in the same period last year, the latest data issued by the central bank revealed. Read more

• Pakistan-Vietnam trade set to cross $1bn mark

Pakistan and Vietnam have been projected to elevate their bilateral trade volume to $1 billion, with a long-term vision to achieve $10 billion, according to Vietnamese Ambassador to Pakistan, Pham Anh Tuan. Read more

• PM inaugurates digital licensing system for medical devices

The Digital System for Licensing and Registration of Medical Devices was officially inaugurated by Prime Minister Shehbaz Sharif, streamlining the registration process to be completed online within 20 days. Read more

• Govt EV scheme with women’s Quota, 400,000 vehicle rollout

In a historic move toward inclusive green mobility and economic empowerment, the government has dedicated a 25% quota for women and over 100,000 electric bikes and 300,000 electric rickshaws/loaders under its newly launched electric vehicle (EV) scheme. Read more

• PKR loses 9 paisa against USD

The Pakistani rupee (PKR) deteriorated by 8.72 paisa or 0.03% against the US dollar in Monday's interbank session to settle the trade at PKR 284.95 per USD, compared to previous closing of 284.87. Read more

• Zahur Cotton Mills renamed to Itanz Technologies Limited

Zahur Cotton Mills Limited (PSX: ZHCM) has officially changed its name to Itanz Technologies Limited, according to a notification by the National Clearing Company of Pakistan Limited (NCCPL). Read more

• PSX Closing Bell: A Dip in the Tide

The benchmark KSE-100 Index concluded Monday's trading session at 138,217.58, showing a decrease of 379.78 points or 0.27%. Read more

• First Capital negotiates debt settlement with creditors

First Capital Equities Limited (PSX: FCEL) has reported that it is currently engaged in negotiations with secured creditors and financial institutions to settle its overdue financial obligations on favorable terms. Read more

• First Prudential Modaraba renamed to Wasl Mobility Modaraba

First Prudential Modaraba (PSX: PMI) has been changed to Wasl Mobility Modaraba, and the National Clearing Company of Pakistan Limited (NCCPL) has assigned a new security symbol, ‘WASL’, as per the company’s request. Read more

• U.S. holds firm on August 1 tariff deadline for EU

The United States has reaffirmed its commitment to enforcing a planned tariff hike on the European Union starting August 1, as both sides race against time to finalize a trade agreement. Read more

• CCP pushes forward with inclusive advocacy across Pakistan

The Competition Commission of Pakistan (CCP) continued its robust advocacy drive during FY 2024-2025, organizing a total of 37 awareness and training sessions to promote understanding and compliance with the Competition Act, 2010. Read more

• China leaves benchmark lending rates unchanged

China kept its benchmark lending rates unchanged on Monday, as the country navigates through softening economic momentum and subdued consumer confidence. Read more

• Oil prices flat with sanctions, tariff fears in focus

Oil prices were little changed on Monday as traders assess the impact of new European sanctions on Russian oil supply while they also worry about tariffs possibly weakening fuel demand as Middle East producers are raising output. Read more

• Pakistan’s power generation rises to 13,744 GWh in June 2025

The total power generation in the country increased by 2% year-on-year (YoY) to 13,744 GWh during June 2025, as compared to 13,459 GWh in the same month of last year. Read more

• Khalid Siraj continues to explore recovery options

Khalid Siraj Textile Mills Limited (PSX: KSTM) has continued to evaluate all viable options to sustain the business and plan for eventual recovery, as the company remained non-operational due to the continued challenging market environment. Read more

• Petroleum imports dip nearly 25% YoY in June: SBP

The import bill of the petroleum group decreased by 24.8% to $1.1 billion in June 2025, compared to $1.45bn recorded in June 2024, data released by the State Bank of Pakistan (SBP) showed. Read more

• Pakistan chairs key UN debates on peace, Palestine, and multilateralism

Pakistan has stepped into a prominent diplomatic role at the United Nations, with Deputy Prime Minister Mohammad Ishaq Dar in New York to chair a series of high-level UN Security Council (UNSC) meetings on multilateralism, the Middle East, the Palestinian question, and UN-OIC cooperation. Read more

• Govt initiates survey and relief in Jhelum

Following the recent spell of heavy rains and flash floods across Punjab, including Jhelum, authorities have begun the process of assessing the extent of damage to both citizens and infrastructure. Read more

• Textile exports surge around 8% in June: SBP

The country's total textile exports increased by 7.8% to $1.37 billion in June compared to $1.27bn in the same month last year, data released by the State Bank of Pakistan (SBP) showed. Read more

• Rawal Dam spillway reopened this morning

In anticipation of rainfall in the upper catchment areas, the spillway of Rawal Dam was reopened today, Monday, July 21, 2025, at 6:00 AM for approximately five hours. 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 unchanged as of 10 AM PST, while the Qatari Riyal (QAR) showed a minor movement, maintaining an overall stable trend in today’s session. Read more

• Pakistan’s imports from China cross $1bn

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during June, followed by U. A. E. Dubai, Qatar, and Saudi Arabia. Read more

• 100 Pakistani agriculture graduates depart for China

Under the Prime Minister’s ongoing initiative to modernize Pakistan’s agriculture sector, 100 agriculture graduates left for China on Sunday to begin six months of advanced training in crop breeding and genomics at the Southwest University of Science and Technology. Read more

• U. S. A. leads as top export destination for Pakistan in Jun

The U. S. A. remained the top export destination for Pakistan during June, with $475.6 million worth of shipments, up by 7% against the exports of $444.59m in same period last year. Read more

• Pakistan cuts Karachi port charges by 50%

In a major move to promote climate-resilient trade and enhance port efficiency, the Federal Government has declared a 50% reduction in port charges at Karachi Port. Read more

• Jubilee Spinning pursues NOC from NBP

Jubilee Spinning & Weaving Mills Ltd. (PSX: JUBS) has reported that the management is actively pursuing the National Bank of Pakistan (NBP) to obtain the No Objection Certificate (NOC). Read more

• Asia markets mixed as China holds key rates

Asia-Pacific markets traded mixed Monday after the People’s Bank of China stood pat on its 1-year and 5-year loan prime rates. Read more

• NBP issues foreign exchange rate

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

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