MG Morning Breeze: Updates to Skim before Market

July 23, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP releases MPC calendar

The SBP has released the advance calendar for Monetary Policy Committee (MPC) meetings for the full fiscal year 2025–26, as part of its efforts to improve transparency and build confidence in long-term financial planning. Read more

• SBP to release publication of biannual monetary policy reports

To improve transparency and support the shift toward an inflation targeting regime, the State Bank of Pakistan (SBP) will begin publishing biannual Monetary Policy Reports (MPRs). Read more

• Pakistan calls for climate justice and fulfilment of global financial commitments

Pakistan has demanded that the Global North take responsibility for its role in the climate crisis and deliver on its $100 billion annual pledge to vulnerable nations. Read more

• Social reforms key to national prosperity, security

The need to address poverty, unemployment, and illiteracy as root causes of terrorism and extremism was emphasized by Chairman Senate, Syed Yousuf Raza Gilani, who called for a comprehensive strategy to enable youth to contribute to the country's development and prosperity. Read more

• CCP approves CMA CGM’s acquisition of Borusan

The Competition Commission of Pakistan (CCP) has approved the acquisition of Borusan Tedarik Zinciri Cozumleri ve Teknoloji Anonim Sirketi (“Borusan”) by CMA CGM S.A., a global player in shipping and logistics. Read more

• Govt launches AI product development training for PhDs

In a landmark move to boost Pakistan’s global tech footprint, the government has launched a fully-funded certification program in Artificial Intelligence and engineering product development. Read more

• PSX Closing Bell: Green Light Go

The benchmark KSE-100 Index concluded Tuesday's trading session at 139,419.61, showing an increase of 1,202.03 points or 0.87%. Read more

• Pakistan receives $5bn external financing in June

Pakistan secured external financing worth $5.13 billion in June 2025 from multiple financing sources, 6x higher than last month and 2x higher than the same month last year. Read more

• Gold price in Pakistan remains unchanged

Gold price in Pakistan remained unchanged on Tuesday, with 24-karat gold being sold at Rs361,200 per tola, unchanged from the previous session. Read more

• AGL urea plant faces temporary shutdown

Agritech Limited (PSX: AGL) has experienced a technical issue at its Urea Plant, necessitating an immediate shutdown. Repair work is estimated to take at least five days to complete. Read more

• PKR weakens by 2 paisa against USD

The Pakistani rupee (PKR) decreased by 1.71 paisa or 0.01% against the US dollar in Tuesday's interbank session to settle the trade at PKR 284.97 per USD, compared to previous closing of 284.95. Read more

• FDPL completes first property project in DHA Karachi

First Dawood Properties Limited (PSX: FDPL) has successfully completed construction of its first property project in Ayubia Commercial, Phase VII (Ext.), DHA, Karachi. Read more

• Trump media reveals $2bn bitcoin holdings

Trump Media and Technology Group revealed it has accumulated approximately $2 billion in bitcoin and related assets, marking a significant milestone in President Donald Trump’s increasingly lucrative involvement in cryptocurrency. Read more

• Pakistan urges global financial reforms

Pakistan has warned of widening development gaps and called for urgent reforms to the global financial system, as only 35% of the Sustainable Development Goals (SDGs) are on track with just five years remaining until the 2030 deadline. Read more

• Pakistan unveils innovative metro system in Lahore

Pakistan is set to launch its first trackless, ticketless, and solar-powered metro system in Lahore, marking a significant step forward in the country’s urban transportation landscape. Read more

• Auto Sector rebounds on strong sales, improved earnings forecasts

Pakistan’s automobile industry is showing signs of a strong recovery in FY25, driven by improved sales volumes, better cost management, and a favorable interest rate environment. Read more

• Govt reaffirms 6% job quota for Balochistan

The government has reaffirmed its strict enforcement of the 6% job quota allocated for Balochistan in federal employment, according to Minister for Parliamentary Affairs Tariq Fazal Chaudhry. Read more

• KP declares Federal ED decision unconstitutional

The Khyber Pakhtunkhwa (KP) government has formally objected to the federal government’s decision to discontinue the collection of Electricity Duty (ED) through electricity bills, terming it unconstitutional, legally void, and a threat to federal-provincial harmony. Read more

• Bilal Fibres Board approves IT business plan

Bilal Fibres Limited (PSX: BILF) has revealed that its Board of Directors has approved a Business Plan to establish a dedicated IT Division. Read more

• Govt to provide free saplings for monsoon tree drive

To ensure wider participation and environmental sustainability, the government has decided to provide free saplings and prioritize native, climate-resilient species for the upcoming Monsoon Tree Plantation Campaign. Read more

• Govt to define SMEs in industrial policy

In a bid to support industrial and export growth, the Government is set to propose a standardized definition of Small and Medium Enterprises (SMEs) as part of a new forward-looking Industrial Policy, while also considering relief measures for exporters affected by recent tax reforms. 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) remained unchanged against the Pakistani Rupee (PKR) as of 10 am PST, maintaining a stable trend, while the Qatari Riyal (QAR) showed minor movement. Read more

• Pakistan, Australia to boost energy, mineral cooperation

Pakistan and Australia have agreed to strengthen collaboration in the energy and mineral sectors, aiming to deepen economic ties and attract foreign investment. Read more

• Asia markets waver as investors eye tariffs, Fed moves

Asia-Pacific equities showed a mixed performance on Tuesday as Japanese markets reopened with modest gains following a national holiday. Read more

• NBP issues foreign exchange rates

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

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