MG Morning Breeze: Updates to Skim before Market

July 24, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Auction Result: Govt raises Rs424.4bn through T-bills

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs424.35 billion. Read more

• Govt support crucial for BYD’s EV plans in Pakistan

BYD Co.’s joint venture in Pakistan sees government support for electric vehicles as key to the success of its plan to start local production next year, according to a company executive. Read more

• Gold price in Pakistan rises Rs3,700 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs364,900 per tola, up Rs3,700. Read more

• Government prioritizes tax reforms to boost revenue

The government has prioritized tax system reforms as a central part of its agenda to enhance national revenue and ease the financial burden on the common man. Read more

• CCP’s MIU achieves 92% efficiency in anti-competition leads

The Competition Commission of Pakistan (CCP) has reported that its Market Intelligence Unit (MIU) achieved an impressive 92% efficiency rate in processing and referring leads related to anti-competitive practices during the fiscal year 2024–25. Read more

• SECP issues first digital insurance license

The Securities and Exchange Commission of Pakistan (SECP) has granted the country’s first-ever digital-only non-life insurance license to Digi Insurance Limited, marking a significant milestone in the evolution of Pakistan’s insurance sector, said a press release issued today. Read more

• PSX Closing Bell: A Dip Before the Climb

The benchmark KSE-100 Index concluded Wednesday's trading session at 139,254.35, showing a decrease of 165.26 points or 0.12%. Read more

• PKR gains 21 paisa against USD

The Pakistani rupee (PKR) gained by 21.32 paisa or 0.07% against the US dollar in Wednesday's interbank session to settle the trade at PKR 284.76 per USD, compared to previous closing of 284.97. Read more

• IGI Holdings reports Mitchells share sale by stakeholders

IGI Holdings Limited has confirmed that two substantial shareholders—Babar Ali Foundation, founded by Syed Babar Ali (Chairman of the Company), and IGI Investments (Private) Limited, a wholly owned subsidiary of the Company—have sold their respective shareholdings in Mitchells Fruit Farms Limited. Read more

• Suhail Jute Mills faces delays in land sale

Suhail Jute Mills Limited (PSX: SUHJ) has reported that, despite its best efforts during the quarter, meaningful progress on the planned land sale remains stalled, primarily due to ongoing economic challenges and the prevailing political and security situation in Khyber-Pakhtunkhwa. Read more

• Systems Limited Board explores IT, services acquisition

The Board of Directors of Systems Limited (PSX: SYS) has authorized a potential acquisition of an Information Technology (IT) and IT-enabled services business. Read more

• ADB sees slower rate cuts ahead for developing Asia

Monetary policy easing is expected to continue across developing Asia, but the pace of rate cuts has been projected to slow, due to rising trade risks and external shocks, according to the Asian Development Outlook (ADO) July 2025. Read more

• Haseeb Waqas Sugar Mills: A Bitter End?

Haseeb Waqas Sugar Mills Limited (PSX: HWQS), long stuck in operational limbo, is now inching toward delisting from the Pakistan Stock Exchange (PSX). But behind the official letters and regulatory filings, a deeper story is unfolding, one that raises uneasy questions about transparency, timing, and whether minority shareholders are being quietly swept aside. Read more

• STYLERS allocates most of right issue to loan repayment

Stylers International Limited (PSX: STYLERS) has utilized Rs1.56 billion, or 67% of the proceeds from its right issue completed on August 22, 2024, for the repayment of loans from associates and directors. Read more

• Govt boosts security measures for Chinese nationals across Pakistan

Pakistan has reaffirmed its commitment to ensure the safety and security of Chinese citizens residing in the country, with fresh directives issued to enhance protective measures nationwide. Read more

• Pakistan, Thailand strengthen bilateral cooperation

Pakistan and Thailand have agreed to enhance cooperation across multiple sectors including food security, fisheries, defence, and regional connectivity. Read more

• SBP directs banks to open accounts for BISP beneficiaries

The State Bank of Pakistan (SBP) has revised the Facilitation Framework for Benazir Income Support Programme (BISP) Sahulat Accounts and directed all banks and microfinance banks to facilitate the opening of accounts for BISP beneficiaries to enable direct disbursement of financial assistance. Read more

• Govt backs advanced police training

The need for the highest level of preparation for police officers to enable them to efficiently discharge their duties has been placed at the center of the government’s police reform agenda. Read more

• Pakistan Services confirms shareholding agreement with AKD Group

Pakistan Services Limited (PSX: PSEL) has been informed that Hashoo Group has entered into a strategic arrangement with Mr. Dawood Jan Muhammad and AKD Group in respect of the shares of PSEL. Read more

• Chief Justice chairs review session on justice reforms

The fifth interactive session was held at the Supreme Court of Pakistan to review progress on 89 judicial reform initiatives, 26 of which have been successfully completed, 44 are underway, and 14 are set to begin soon, chaired by Chief Justice of Pakistan, Mr. Justice Yahya Afridi. Read more

• Saudi Riyal available at PKR 76.8 in open market

The current exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) against the Pakistani Rupee (PKR) as of [10 am PST] showed minor movements in today’s session, maintaining a largely stable trend. Read more

• U.S., Japan agree on 15% reciprocal tariffs

U.S. President Donald Trump unveiled what he described as a “massive” trade deal with Japan, setting “reciprocal” tariffs of 15% on Japanese exports to the U.S., including a significant cut in auto duties. Read more

• VIS reaffirms entity ratings of Naveena Exports Limited

VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Naveena Exports Limited (NEL) at ‘A/A1’ (Single A/A One). Read more

• Govt warns sugar mills of crackdown over price manipulation

The government has warned of strict action against sugar mills flouting the officially notified ex-mill price of Rs165 per kilogram, following reports of non-compliance and artificial inflation in the market. Read more

• Pakistan, UK pledge to boost economic, trade ties

Pakistan and the United Kingdom have renewed their commitment to strengthen ties across economic, trade, and parliamentary sectors. Read more

• Asia stocks rise on US-Japan trade deal

Asia-Pacific markets opened stronger on Wednesday following a major trade development between the United States and Japan. 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

Copyright Mettis Link News