MG Morning Breeze: Updates to Skim before Market

August 05, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan gaining global recognition, says Khurram Schehzad

Expressing strong confidence in Pakistan’s growing global recognition, the Advisor to the Finance Minister Khurram Schehzad stated on Monday that the country is witnessing rising investment prospects. Read more

• PIAHCL responds to reports on UK flight operations

Pakistan International Airlines Corporation Limited (PSX: PIAHCLA) clarified that the regulatory clearance granted by the United Kingdom Civil Aviation Authority (UK CAA) pertains broadly to the Pakistan Civil Aviation Authority (PCAA). Read more

• Gold price in Pakistan rises Rs500 per tola

Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs359,500 per tola, up Rs500. Read more

• CCP reschedules sugar cartel case hearings to September

The Competition Commission of Pakistan (CCP) has rescheduled the rehearing of the cartelization case against the Pakistan Sugar Mills Association (PSMA) and its member mills, following requests from their legal counsels. Read more

• Air Link FY25 profit expected to drop 20%

Air Link Communication Limited (PSX: AIRLINK) is projected to report a 20% YoY decline in earnings for FY25 with profit after-tax estimated at Rs3.7 billion and earnings per share (EPS) of Rs9.3, according to the latest earning preview by Arif Habib Limited (AHL). Read more

• PKR strengthens 6 paisa against USD

The Pakistani rupee (PKR) appreciated by 6.23 paisa or 0.02% against the US dollar in Monday's interbank session to settle the trade at PKR 282.66 per USD, compared to previous closing of 282.72. Read more

• PSX Closing Bell: Bulls Take the Stage

The benchmark KSE-100 Index concluded Monday's trading session at 142,052.64, showing an increase of 1,017.66 points or 0.72%. Read more

• LSE CAPITAL acquires 2.5% stake in digital custodian company

LSE Capital Limited (PSX: LSECL) has acquired a 2.5% equity stake in Digital Custodian Company Limited, following the divestment of shares by Mr. Siddique Ur Rehman Khurram, the company filing on PSX revealed today. Read more

• PM calls for stronger climate change response

Emphasizing the urgency of climate challenges, Prime Minister Shehbaz Sharif called for concerted and vigorous efforts to address the impact of climate change during a meeting in Gilgit Read more

• Pakistan’s Army Chief Asim Munir becomes central to U.S. policy shift

Pakistan has strengthened its diplomatic ties with the United States under the leadership of Field Marshal Asim Munir, signaling a strategic shift in regional alignments, according to The Economist. Read more

• Bawany Air Products receives corrigendum to acquisition PAI

Bawany Air Products Limited (PSX: BAPL) has received a corrigendum to the Public Announcement of Intention (PAI) submitted on behalf of the acquirer, Mohabbat Khan and Others, which includes certain amendments to the original PAI. Read more

• India sticks to Russian oil imports despite U.S. pressure

India reaffirmed its commitment to continue importing oil from Russia despite threats of penalties issued by U.S. President Donald Trump, according to two Indian government officials familiar with the matter. Read more

• Oil declines as supply rises, U.S. growth slows

Oil prices continued to fall on Monday following OPEC+’s decision to implement another significant production increase in September, while worries over a slowing U.S. economy the world’s largest oil consumer further weighed on the market. Read more

• Systems Limited to hit Rs180/share by June 2026

Systems Limited (PSX: SYS), has received a Buy call with a DCF-based target price of Rs180 per share by June 2026. Read more

• Pakistan Railways set for major upgrade, ML-1 a key focus

The government is giving top priority to major infrastructure development in Pakistan Railways, particularly focusing on the ML-1 Railway corridor, according to Minister for Railways Muhammad Hanif Abbasi. Read more

• SBP raises around Rs639bn through PIB auction

The State Bank of Pakistan (SBP) conducted an auction in which it sold Pakistan Investment Bonds (PIBs) worth Rs638.93 billion against a target of Rs300bn. Read more

• Pakistan, China agree on joint economic research and training

Pakistan and China sign an agreement for joint research, training programs and expert exchanges in the field of economy has been reached between Pakistan’s Ministry of Planning and China’s Development Research Center. Read more

• Pakistan’s OMC sales drop 22% MoM in July 2025, up 2% YoY

The sales volume of oil marketing companies (OMCs) in Pakistan saw a decline of 22% month-on-month (MoM) in July 2025, reaching a total of 1.22 million tons, while the year-on-year (YoY) growth increased by 2%. Read more

• Trade war sparks fears of price hikes, job losses

President Trump’s ongoing trade war is casting a long shadow over U.S. retail planning, with the latest global tariffs set to take effect as retailers begin preparations for the Spring 2026 season. Read more

• Pakistan, Iran strengthen ties with 12 agreements

Pakistan and Iran have exchanged 12 agreements and Memorandums of Understanding (MoUs) aimed at enhancing bilateral cooperation in various sectors. Read more

• U.S. effective tariff rate settles at 17%

The U.S. Effective Tariff Rate (ETR) stands at 17%, showing the latest changes in reciprocal tariffs shared on July 27 and July 31, according to Fitch Ratings. Read more

• Pakistan plans mutual fund reforms to boost participation

Pakistan’s mutual fund industry is set for major reforms as outlined in the white paper titled “Mutual Funds For Masses – Focus Group 2025”, unveiled by the Securities and Exchange Commission of Pakistan (SECP), Read more

• Pakistan, Iran set $10 billion trade goal, finalize free trade agreement

Pakistan has reaffirmed its commitment to deepening economic ties with Iran by the finalization of the long-awaited Pakistan-Iran Free Trade Agreement (FTA) and setting a $10 billion bilateral trade target by 2028. Read more

• TOMCL enters Tajikistan market with $3.24m frozen beef export deal

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• SBP revises FEEL for authorized dealers

The State Bank of Pakistan has revised the Foreign Exchange Exposure Limit (FEEL) for Authorized Dealers (ADs). Read more

• FBR rolls out key tax amendments under Finance Act 2025

The Federal Board of Revenue (FBR) has officially launched a phased rollout of electronic invoicing (e-invoicing) for registered persons under the Sales Tax Act, 1990. Read more

• Traders’ strike called off after breakthrough talks between FPCCI, Govt

The nationwide traders' strike has officially been called off after successful negotiations between the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and top government officials. Read more

• Finance Act 2025 introduces major tax reforms across sectors

In a sweeping legislative update, the government has ushered in a new era of taxation through the Finance Act 2025, reshaping rules to tighten compliance, expand the formal economy, and encourage digital transactions. Read more

• FBR sets up Grievance Committee to oversee prosecution under Sales Tax Act

In a bid to enhance transparency and accountability, the Federal Board of Revenue (FBR) has constituted a dedicated Grievance Redressal Committee to examine prosecution cases under Section 37A of the Sales Tax Act, 1990. Read more

• ICMA’s budget launch promotes economic literacy: Khurram Schehzad

The importance of economic awareness among youth was highlighted and appreciated by Advisor to the Finance Minister, Mr. Khurram Schehzad, who congratulated ICMA Pakistan on launching Read more

• OGDC receives Rs7.7bn interest payment from PHL

Marking a key milestone in Pakistan’s circular debt settlement plan for the energy sector, Oil & Gas Development Company Limited (PSX: OGDC) has received Rs7.725 billion as the first interest instalment from Power Holding (Private) Limited (PHL). Read more

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