MG Morning Breeze: Updates to Skim before Market

July 30, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day

• Wafi Energy confirms Zubair Shaikh as CEO

A new phase of growth begins as Wafi Energy Pakistan (PSX:WAFI) appoints Zubair Shaikh as its Chief Executive Officer. Read more

• Meezan Bank first in Pakistan to launch Visa eSIM

Meezan Bank, Pakistan’s first and largest Islamic bank, has become the first bank in the country to roll out Visa’s latest digital innovation – the Visa Global eSIM – for its Visa Infinite Debit Cardholders. Read more

• Gold price in Pakistan falls Rs1,600 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs354,700 per tola, down Rs1,600. Read more

• EU-US trade deal eases tensions but rattles German auto giants

The EU’s auto industry views the recent trade agreement with the United States as a sign of reduced tensions, though significant hurdles remain for automakers particularly in Germany. Read more

• PSX Closing Bell: Tumble Tuesday

The benchmark KSE-100 Index concluded Tuesday's trading session at 137,964.81, showing a decrease of 1,415.24 points or 1.02%. Read more

• Haseeb Waqas Sugar narrows loss in 9MFY25

Haseeb Waqas Sugar Mills Limited (PSX: HWQS) reported a loss after tax of Rs150.1 million [EPS: Rs 4.63] for the nine-month period ended June 30, 2025, compared to a loss of Rs201.5m [EPS: Rs 6.22] in the same period last year, a decline of 25.49%. Read more

• PKR increases by 16 paisa against USD

The Pakistani rupee (PKR) rose by 15.83 paisa or 0.06% against the US dollar in Tuesday's interbank session to settle the trade at PKR 283.05 per USD, compared to previous closing of 283.21. Read more

• PNSC receives LOIs from KPT, PQA for joint investment

Pakistan National Shipping Corporation (PSX: PNSC) has disclosed that it has received Letters of Intent (LOIs) from Karachi Port Trust (KPT) and Port Qasim Authority (PQA) to jointly explore investment opportunities in the enhancement of fleet and shipping business. Read more

• Oil prices rise on hopes of global trade progress

Oil prices extended gains on Tuesday, buoyed by optimism over a U.S.-EU trade agreement, the possibility of a U.S.-China tariff truce, and President Donald Trump’s shortened deadline for Russia to resolve the Ukraine conflict. Read more

• Pakistan, Kuwait strengthen bilateral ties

Pakistan and Kuwait have agreed to enhance cooperation in key sectors including trade, investment, energy, food security, and defense. Read more

• Archroma sees sharp recovery in profitability

Archroma Pakistan Limited (PSX: ARPL) posted an adjusted profit after tax of Rs913.91 million [EPS: Rs26.44] for the nine-month period ended June 30, 2025, compared to a loss of Rs307.89 million [LPS: Rs8.91] in the same period last year (SPLY). Read more

• Meezan Bank eyes Rs448.3/share by June 2026

Meezan Bank Limited (PSX: MEBL) is expected to reach a target price of Rs 448.3/share by June 2026, implying an upside potential of 28% from last closing of Rs350.7/share. Read more

• Highnoon-Beximco MoU targets pharma collaboration in Pakistan

Highnoon Laboratories Limited (PSX: HINOON) has signed a Memorandum of Understanding (MoU) with Beximco Pharmaceuticals Limited, a leading Bangladesh-based pharmaceutical company, Read more

• FFC maintains profit, offers Rs12 per share dividend

Fauji Fertilizer Company Limited (PSX: FFC) reported a slight year-on-year (YoY) increase of 0.71% in profit after tax, reaching Rs37.95 billion for the six-month period ended June 30, 2025, compared to Rs37.69bn recorded in the same period last year (SPLY). Read more

• Govt cracks down on sugar stock irregularities

In a decisive move to curb irregularities in the sugar market, the Federal Government has informed that officials will be deputed to every sugar mill across the country to strictly monitor stock levels and ensure uninterrupted supply. Read more

• Fitch forecasts $60bn boom in ESG sukuk

Fitch Ratings projected that global ESG sukuk would exceed $60 billion outstanding by the end of 2026, highlighting its growing role in financing sustainability initiatives, attracting a diverse investor base, and benefiting from ongoing regulatory reforms. Read more

• Sazgar to reach Rs1,569/share on strong valuation

Sazgar Engineering Works (PXS: SAZEW) is projected to hit Rs1,569/share by June 2026, a potential upside of 26% from its closing price of Rs1,250/share on July 25, 2025. Read more

• Minister orders analysis of Soybean yield gap

Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, has directed relevant departments to conduct a comparative analysis to understand the significant yield gap between locally grown and imported soybean, and the high cost of domestic production. Read more

• India overtakes China in U.S. smartphone exports

India has surpassed China to become the leading exporter of smartphones to the United States, according to data from research firm Canalys. Read more

• Nishat Hotels issues corrigendum on Rafhan Maize acquisition plan

Nishat Hotels and Properties Limited has issued a Corrigendum to its earlier Public Announcement of Intention (PAI) regarding its plan to acquire up to 6.9 million shares (75.69% of paid-up capital) and control of Rafhan Maize Products Company Limited (PSX: RMPL). Read more

• Pakistan, Kyrgyzstan sign MoUs to achieve $100m trade target

Pakistan and Kyrgyzstan have set an ambitious target to raise bilateral trade to $100 million, while signing three key Memoranda of Understanding (MoUs) to expand collaboration in standardization, investment promotion, and Halal trade. Read more

• Saudi Riyal available at PKR 76.15 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

• FinMin heads to U.S. for final trade talks: Khurram Schehzad

Pakistan and the United States progressed toward finalizing a formal trade agreement as Federal Finance Minister Senator Muhammad Aurangzeb departed for the U.S. to conclude ongoing trade negotiations Read more

• National Savings updates profit rates

The government has once again adjusted profit rates on National Savings Schemes (NSS) across various investment instruments. Read more

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