MG Morning Breeze: Updates to Skim before Market

July 25, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP Reserves Drop by $69 Million Amid Debt Repayments

The total liquid foreign reserves held by the country stood at US$ 19,917.5 million as of 18-Jul-2025 Read more

• Net Selling Drives SCRA Balance Down to Rs.27.63bn

The SCRA balance decreased by Rs.290.92 million during the week ending Jul 18, 2025 to close at Rs.27,630.35 million. Read more

• S&P upgrades Pakistan’s credit rating to B-

S&P Global Ratings raised its long-term sovereign credit ratings on Pakistan to "B-' from 'CCC+", and its short-term ratings to 'B' from 'C'. Read more

• Pakistan, Indonesia pledge stronger cultural and heritage cooperation

In a significant move to deepen bilateral ties, Pakistan and Indonesia have reaffirmed their commitment to expanding cooperation in heritage, culture, and public diplomacy. Read more

• Pakistan’s maritime sector gets boost with China collaboration

A landmark agreement between Pakistan National Shipping Corporation (PNSC) and China’s Shandong Xinxu Group is set to transform Pakistan’s maritime sector through expanded investment, vessel procurement, and operational collaboration. Read more

• PSX Closing Bell: A Red Day's Night

The benchmark KSE-100 Index concluded Thursday's trading session at 138,692.66, showing a decrease of 561.69 points or 0.40%. Read more

• PKR increases by 54 paisa against USD

The Pakistani rupee (PKR) rose by 53.90 paisa or 0.19% against the US dollar in Thursday's interbank session to settle the trade at PKR 284.22 per USD, compared to previous closing of 284.76. Read more

• Gold price in Pakistan falls Rs5,900 per tola

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs359,000 per tola, down Rs5,900. Read more

• HinoPak Motors returns to profit

HinoPak Motors Limited (PSX: HINO) reported a significant turnaround in its earnings, with the profit after tax for the quarter ended June 30, 2025, rising to Rs416.82 million (EPS: Rs16.81), compared to a loss of Rs119.69m(EPS: Rs-4.83) in the same period last year (SPLY). Read more

• K-IV project reaches 63% completion

The Greater Karachi Bulk Water Supply Scheme (K-IV Project) has reached 63% physical completion, with Rs86.4 billion already utilized on construction, following a site visit by Federal Minister for Water Resources, Mian Muhammad Mueen Wattoo. Read more

• Australia expands access for U.S. beef imports

In a notable shift in agricultural policy, Australia has revealed it will expand access for U.S. beef imports, easing restrictions that date back more than two decades. Read more

• Ghee makers threaten shutdown amid tax dispute

The Pakistan Vanaspati Manufacturers Association (PVMA) has issued a 48-hour ultimatum to the government, demanding the withdrawal of certain powers granted to the Federal Board of Revenue (FBR) or face an indefinite halt in ghee production nationwide. Read more

• Honda Atlas reports sharp rise in quarterly profit

Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) posted a profit after tax of Rs828.44 million [EPS: Rs5.80] for the three-month period ended June 30, 2025, up 308.85% from Rs202.63m [EPS: Rs1.42] reported in the same period last year (SPLY). Read more

• SBP unveils revival framework for Sick Industrial Units

The State Bank of Pakistan (SBP) has issued a draft framework titled Revival and Debt Resolution of Sick Industrial Units (RDRSIU-2025), aimed at addressing financial distress in Pakistan’s industrial sector. Read more

• Saudi Riyal available at PKR 76.55 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

• Govt directs provinces to submit action plans for socio-economic uplift

The government has directed all provinces to urgently submit action plans and performance indicators to accelerate socio-economic development in underprivileged regions, including Balochistan, the Newly Merged Districts (NMDs), South Punjab, and Interior Sindh. Read more

• Pakistan, Egypt propose trade MoU

Pakistan and Egypt have discussed strengthening bilateral trade ties, with a proposal to sign a Memorandum of Understanding (MoU) between the Ministry of Commerce of Pakistan and its Egyptian counterpart. Read more

• Sugar prices fall after government action

Strong concern has been raised over the artificial hike in sugar prices, with confirmation that a nationwide crackdown is underway against hoarding and market manipulation, said Federal Minister for National Food Security and Research, Rana Tanveer Hussain. Read more

• Govt plans policy shift on used vehicle imports

The government reviewed key policy recommendations for the regulated import of used vehicles, with a new framework expected to take effect in September 2025. Read more

• PNSC signs MoU with China’s Shangdong Xinxu Group

Pakistan National Shipping Corporation (PSX: PNSC) has signed a Memorandum of Understanding (MoU) with Shangdong Xinxu Group Corporation Company, a Chinese firm established under the laws of China. Read more

• Bunnys Limited installs 200 KVA solar panels

Bunnys Limited (PSX: BNL), in the first phase of its renewable energy initiative, has successfully purchased and installed solar panels with a capacity of 200 KVA. Read more

• NBP issues foreign exchange rates

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

• Asia markets rally on U.S.-Japan trade progress

Asia-Pacific markets opened on a strong note, buoyed by encouraging trade developments between the U.S. and Japan and growing optimism around a potential deal with the European Union. Read more

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