MG Morning Breeze: Updates to Skim before Market

July 31, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan advances into the era of digital economy

Pakistan took a significant step forward in its digital transformation journey today, as leaders from government, finance, and technology came together at the National Incubation Center (NIC) Karachi for a high-profile event focused on the future of digital economy and virtual assets. Read more

• Govt constitutes Working Groups to boost manufacturing exports

In a decisive move aimed at elevating Pakistan’s manufacturing export potential, the Ministry of Commerce (Textile Wing) has formally notified the formation of three specialized Working Groups. Read more

• SBP mandates Banks to submit board-approved Recovery Plans by June 2026

In a major move to bolster Pakistan's financial stability framework, the State Bank of Pakistan (SBP) has issued a regulatory directive requiring all banks to submit comprehensive Board-approved recovery plans by June 30, 2026, under a newly issued Regulatory Framework on Recovery Planning. Read more

• Pakistan BCI decreased by 1.2 points in July

The overall Business Confidence Index (BCI) decreased by 1.2 points, reaching 55.5 in July 2025, according to the latest results of the Business Confidence Survey (BCS), conducted by the State Bank of Pakistan (SBP) in collaboration with the Institute of Business Administration (IBA). Read more

• Pakistan consumer confidence falls to 40.1 points in July

The consumer confidence Index (CCI) in Pakistan decreased to 40.1 points in July compared to 42.1 points in June, according to a survey report released by the State Bank of Pakistan (SBP). Read more

• FFC announces Half-Yearly Financial Results for the year 2025

Fauji Fertilizer Company Limited (FFC) has announced its financial results for the period ended June 30, 2025 in its Board of Directors’ meeting held on July 29, 2025. Read more

• PKR rises by 10 paisa against USD

The Pakistani rupee (PKR) appreciated by 10.15 paisa or 0.04% against the US dollar in Wednesday's interbank session to settle the trade at PKR 282.95 per USD, compared to previous closing of 283.05. Read more

• PSX Closing Bell: You Can’t Always Get What You Want

In a session filled with drama, suspense, and a surprise twist from the central bank, the Pakistan Stock Exchange (PSX) managed to script a late comeback on Wednesday. Read more

• CCP resolves 223 cases, recovers Rs360m

The Competition Commission of Pakistan (CCP) has made significant progress in reducing its legal backlog and recovering penalties, marking a major turnaround in the enforcement of competition law. Read more

• SBP keeps policy rate unchanged at 11%

Contrary to market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Wednesday decided to keep the benchmark policy rate unchanged at 11%. Read more

• LSE Capital exits Ensmile Limited

LSE Capital Limited (PSX: LSECL) has officially completed its exit from Ensmile Limited, the 3-D dental aligner and AI-driven treatment planning company, following the receipt of the final payment from the firm’s original founders. Read more

• PMYP, PILDAT sign landmark LOI to strengthen youth

In a significant step toward strengthening youth engagement in democratic governance, the Prime Minister’s Youth Programme (PMYP) signed a Letter of Intent (LOI) with the Pakistan Institute of Legislative Development and Transparency (PILDAT) during a meeting chaired by Rana Mashhood Ahmad Khan, Chairman PMYP, at the Prime Minister’s Office. Read more

• PHDL issues clarification on winding-up process

Pakistan Hotels Developers Limited (PSX: PHDL) has issued an official notification to all shareholders, addressing various queries and concerns regarding the company's ongoing winding-up process, according to the company's filing on PSX revealed today. Read more

• VIS reaffirms entity ratings of NCL

VIS Credit Rating Company Ltd. (VIS) has maintained the entity ratings of Nishat (Chunian) Limited (PSX: NCL) at “A-” for the long term and “A2” for the short term, with a stable outlook, as per the latest press release issued by the agency. Read more

• Power division achieves Rs193bn reduction in distribution losses

In a major breakthrough for the energy sector, losses of power distribution companies have been reduced by Rs193 billion the first significant improvement in decades. Read more

• Govt launches Pak-Business express train

Pakistan has launched the Pak-Business Express train alongside a series of modern facilities at Lahore Railway Station, marking a significant step toward revamping the country’s rail infrastructure. Read more

• Oil rises amid U.S. tariff threats

Oil prices edged higher in early Wednesday trading, as concerns over potential supply shortages grew following U.S. President Donald Trump's ultimatum to Moscow to end the war in Ukraine. Read more

• Pakistan, China to formalize agricultural cooperation through MoUs

Pakistan has called for formalizing agricultural cooperation with China through multiple Memorandums of Understanding (MoUs) aimed at joint research in biotechnology, crop improvement, pest control, and sustainable farming practices Read more

• Pakistan to develop inclusive national Esports policy

Pakistan is set to take a major leap in the digital economy as the Ministry of Information Technology and Telecommunication (MoITT), in collaboration with the Commonwealth Secretariat and the British Esports Federation, concluded a high-level meeting with a shared commitment to formulate a forward-looking and inclusive National Esports Policy. Read more

• FBR proposes key Customs Amendments to streamline EFS

The Federal Board of Revenue (FBR) has proposed comprehensive amendments to the Customs Rules, 2001. These revisions, spanning multiple tax and excise laws, aim to enhance regulatory clarity and streamline the operations of the Export Facilitation Scheme (EFS). Read more

• Pakistan’s green startups step onto global stage

Pakistan has facilitated five green startups to showcase their climate innovations at the SDG Fair in Seville, Spain, while also agreeing with Ethiopia to strengthen climate cooperation through joint afforestation and environmental initiatives. Read more

• Pakistan to expand shipping fleet by 600%

Pakistan has initiated an expansion of its national shipping fleet by 600% within the next three years, aiming to strengthen maritime infrastructure, cut down the sea freight bill, and reduce reliance on foreign vessels. Read more

• Govt moves to formalize gold, gemstone exports

Government is considering policy measures to promote legal and value-added exports of gold and gemstones, informed by Mr. Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production. Read more

• Asian stocks indices mixed amid tariff uncertainty

Asia-Pacific equity markets saw uneven performance on Wednesday as investors processed the lack of tangible progress in the recent U.S.-China trade discussions held in Sweden, while also eyeing key policy decisions from global central banks. Read more

• IMF trims Pakistan’s FY26 growth forecast to 3.6%, below govt target of 4.2%

The International Monetary Fund (IMF) has projected Pakistan’s GDP growth at 3.6% for the ongoing fiscal year 2025–26, falling short of the government’s ambitious 4.2% target. Read more

• Systems acquires BAT’s IT arm, secures Accenture contract

In a landmark move to bolster its global business process outsourcing (BPO) footprint, Systems Limited has declared the acquisition of British American Tobacco SAA Services (Private) Limited from British American Tobacco International Holdings (UK) Limited. Read more

• EPQL declares Rs2.5 Q2 dividend

Engro Powergen Qadirpur Limited (PSX: EPQL) has declared a cash dividend of Rs2.50 per share for the second quarter ended June 30, 2025, despite reporting a sharp decline in earnings. Read more

• EFERT lifts half-year dividend to Rs6.5 per share despite profit dip

Engro Fertilizers Limited (PSX: EFERT) has declared a second interim cash dividend of Rs4.25 per share for the quarter ended June 30, 2025, translating to 42.5%. Read more

Copyright Mettis Link News