MG Morning Breeze: Updates to Skim before Market

July 29, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan, Netherlands discuss stronger trade and investment

Pakistan emphasized its focus on strengthening trade and economic cooperation with the Netherlands as Finance Minister Senator Muhammad Aurangzeb met outgoing Dutch Ambassador H.E. Mrs. Henny de Vries, acknowledging her contributions to enhancing bilateral relations and encouraging further Dutch investment in Pakistan’s economy. Read more

• SBP’s April FX intervention stands at $473 million

SBP intervention in the FX Interbank Market Read more

• Pakistan to transition to T+1 settlement cycle

The Securities and Exchange Commission of Pakistan (SECP) has stated that February 9, 2026, will mark the transition from the current T+2 to a T+1 settlement cycle for securities traded on the Pakistan Stock Exchange (PSX). Read more

• Pakistan, U.S. aim to strengthen trade

Pakistan and the United States emphasized their commitment to enhance economic and trade cooperation during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and U.S. Chargé d’Affaires Elizabeth Horst at the Finance Division. Read more

• Pakistan sees inflation staying within 3.5%–4.5% range

Pakistan inflation is projected to remain within 3.5% to 4.5%, though risks from recent heavy rains may affect agricultural yields and disrupt supply chains, according to the Finance Division’s Monthly Economic Update & Outlook for July 2025. Read more

• Gold price in Pakistan falls Rs100 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs356,300 per tola, down Rs100. Read more

• PKR rises by 24 paisa against USD

The Pakistani rupee (PKR) appreciated by 24.17 paisa or 0.09% against the US dollar in Monday's interbank session to settle the trade at PKR 283.21 per USD, compared to previous closing of 283.45. Read more

• Pakistan eyes early resumption of PIA flights to New York

Pakistan is actively working toward the early resumption of Pakistan International Airlines (PIA) flights to New York, following the successful restoration of routes to Europe and the United Kingdom. Read more

• PSX Closing Bell: Just a Little Bit Stronger

The benchmark KSE-100 Index concluded Monday's trading session at 139,380.05, showing an increase of 172.77 points or 0.12%. Read more

• PIA Holding cuts annual loss by nearly 82% in 2024

PIA Holding Company Limited (PSX: PIAHCLA) reported a net loss of Rs15.35 billion for the year ended December 31, 2024, compared to a significantly higher net loss of Rs87.26bn in the prior year, marking an 82.41% improvement in the bottom line. Read more

• Australia to expand role in Pakistan's Reko Diq project

Australia has proposed a stronger role in Pakistan’s mining sector by focusing on the Reko Diq project, including advanced training programs and deeper collaboration to support its development. Read more

• Arif Habib unveils share acquisition offer for Mitchells

Arif Habib Limited (PSX: AHL), on behalf of CCL Holding Private Limited (the Acquirer), has submitted a Public Announcement of Offer to acquire up to 6.01 million ordinary shares—representing 26.26% of the issued ordinary share capital—of Mitchells Fruit Farms Limited. Read more

• Fatima Fertilizer Board approves 100% acquisition of Fatima Petroleum

Fatima Fertilizer Company Limited (PSX: FATIMA) has received Board approval to acquire 100% of the shares of Fatima Petroleum Company Limited, a public unlisted company, at face value. Read more

• EFERT maintains ‘AA’ rating with stable outlook

The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term entity rating of Engro Fertilizers Limited (PSX:EFERT) at ‘AA’ and the short-term rating at ‘A1+’. The outlook on the ratings remains ‘Stable’, as per the latest press release issued by the agency. Read more

• Sazgar launches pre-bookings for HAVAL H6 Plug-in Hybrid

Sazgar Engineering Works Limited (PSX: SAZEW) has commenced pre-bookings for its first Plug-in Hybrid Electric Vehicle (PHEV), the "HAVAL H6 Hi4 1.5L AT AWD Turbo PHEV," starting today. Read more

• Supernet subsidiary expands footprint through Arabsat

Pheonix Global FZE (PGF) a wholly owned subsidiary of Supernet Limited (PSX: GEMSPNL), has signed a Reseller Agreement with Arab Satellite Communications Organization (Arabsat) to offer Arabsat's Managed Satellite Services across its entire coverage area, according to the company's filing on PSX revealed today. Read more

• Agritech resumes urea plant operations

Agritech Limited (PSX: AGL) has successfully resumed normal operations at its Urea Plant following a temporary shutdown caused by a technical issue. Read more

• Pakistan Oxygen upgraded to ‘A+’ with stable outlook

The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the long-term entity rating of Pakistan Oxygen Limited (PSX:PAKOXY) from ‘A’ to ‘A+’, while maintaining the short-term rating at ‘A1’. The outlook on the ratings remains ‘Stable’, according to the latest press release issued by the agency. Read more

• PACRA maintains Fauji Fertilizer’s ‘AA+’ rating

The Pakistan Credit Rating Agency Ltd. (PACRA) has maintained the entity ratings of Fauji Fertilizer Company Limited (FFC) at “AA+” for the long term and “A1+” for the short term, with a stable outlook, according to the latest press release issued by the rating agency. Read more

• China, U.S. resume trade talks amid tariff deadline

China and the United States engaged in high-stakes trade negotiations in Stockholm on Monday, marking what experts call the first substantial round of bilateral talks aimed at easing escalating tensions and avoiding the re-imposition of steep tariffs. Read more

• Pakistan in talks with US on Tariff Concessions

Pakistan has entered a crucial phase of negotiations with the United States to secure tariff concessions for Made-in-Pakistan goods, a move that could unlock significant export opportunities in the world’s largest economy. Read more

• Govt extends Incentive Scheme for overseas remittances

The government has reaffirmed its commitment to supporting overseas Pakistanis by continuing the Workers' Remittances Incentive Scheme, as stated by Prime Minister Shehbaz Sharif. Read more

• BYD Shark 6 PHEV launched at Rs19.95m

With a launch price of Rs19.95 million and bookings starting at Rs3.95m, BYD Pakistan has introduced the Shark 6 PHEV the country’s first plug-in hybrid pickup truck marking a pivotal step forward in the evolution of Pakistan’s automotive industry and raising the bar for technology, performance, and safety in this segment. Read more

• Tesla, Samsung sign major semiconductor agreement

Samsung Electronics has signed a massive $16.5 billion semiconductor supply agreement with Tesla, marking a pivotal moment for both tech giants. Read more

• Pakistan, China gear up for CPEC phase two

The first phase of the China-Pakistan Economic Corridor (CPEC) has been successfully completed and the second phase will focus on industrial cooperation, agriculture, information technology (IT) and social development. Read more

• Trade relief fuels oil price surge

Oil prices climbed on Monday as the U.S. finalized a trade agreement with the European Union and signaled a possible extension of its tariff pause with China Read more

• Fatima Fertilizer maintains entity rating

The Pakistan Credit Rating Agency Ltd. (PACRA) has maintained the entity ratings of Fatima Fertilizer Company Limited (PSX:FATIMA) at “AA+” for the long term and “A1+” for the short term, with a stable outlook, according to the latest press release issued by the rating agency. Read more

• Saudi Riyal available at PKR 76.25 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

• China eyes ICT, energy projects in Pakistan

China’s GuoDong Group expressed interest in investing in Pakistan’s telecommunication infrastructure, renewable energy ventures and projects such as electric vehicle charging networks, smart city solutions and advanced material manufacturing. Read more

• Trade tensions cool as U.S., EU reach agreement

President Donald Trump declared that the United States has reached a significant trade agreement with the European Union, just days before the looming August 1 tariff deadline. Read more

• Fauji Foods posts 113% surge in profit

Fauji Foods Limited (PSX: FFL) recorded an unconsolidated profit after tax of Rs776.57 million [EPS: Rs 0.31] in the six-month period ended June 30,2025, up a significant 112.6% compared to Rs365.12m [EPS: Rs 0.14] in the same period of last year. Read more

• Haseeb Waqas Board halts buyback on price surge

Haseeb Waqas Sugar Mills Limited (PSX: HWQS) has disclosed that its Board of Directors has decided not to proceed with the proposed share buyback, citing concerns over a significant and speculative surge in the company’s share price. Read more

• NBP issues foreign exchange rates

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

• Asia markets mixed ahead of U.S.-China trade talks

Asia-Pacific markets traded mixed on Monday as investors awaited further clarity on trade negotiations between the United States and China, set to commence later in the day in Stockholm. Read more

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