MG Morning Breeze: Updates to Skim before Market

August 06, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Bahria Town faces near-total shutdown, Malik Riaz urges dialogue, arbitration

A near-total shutdown of operations nationwide has gripped Bahria Town, Pakistan’s largest real estate developer, following what the organization describes as intense and unprecedented pressure from government agencies. Read more

• SBP targets to raise over Rs6tr: Auction Calendar Aug–Oct

The government is targeting to raise Rs6.175 trillion during the three months from August to October 2025 through the auction of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs), according to the auction calendars released by the State Bank of Pakistan (SBP). Read more

• Gold price in Pakistan falls Rs1,500 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs358,000 per tola, down Rs1,500. Read more

• CCP recommends overhaul of Fertilizer Policy

Revising the outdated Fertilizer Policy 2001, ensuring fair access to natural gas and LNG imports at weighted average cost are among the key reforms proposed by the Competition Commission of Pakistan (CCP) in its draft Competition Assessment Study of the Fertilizer Industry. Read more

• NCCPL issues updated Capital Gains Tax structure

The National Clearing Company of Pakistan Limited (NCCPL) has issued a notice outlining the revised Capital Gains Tax (CGT) rates applicable from July 1, 2025, in line with amendments made to the Income Tax Ordinance, 2001, via the Finance Act 2025. Read more

• ECC greenlights Rs9bn EV subsidy, Rs30bn remittance payout

The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a technical supplementary grant of Rs30 billion to partially settle Rs58.26 billion in outstanding claims from the previous fiscal year under the Telegraphic Transfer Charges Incentive Scheme, alongside the rollout of a Rs9bn nationwide electric vehicle subsidy programme. Read more

• VIS reaffirms Interloop’s ‘AA-/A1’ ratings

VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Interloop Limited (PSX: ILP) at ‘AA-/A1’ (Double A minus/A one). Read more

• Gold slips as dollar strengthens

Spot gold dropped by 0.26% at $3,353.38 an ounce as of [4:05 pm] PST on Tuesday, according to data reported by Mettis Global. Read more

• PKR gains 8 paisa against USD

The Pakistani rupee (PKR) strengthened by 8.31 paisa or 0.03% against the US dollar in Tuesday's interbank session to settle the trade at PKR 282.57 per USD, compared to previous closing of 282.66. Read more

• Pakistan’s Chemical exports to China 3x in H1 2025

Pakistan’s chemical exports to China surged nearly threefold in the first half of 2025, climbing to $13.19 million from $4.38m in the same period last year, data from the General Administration of Customs of China (GACC) showed. Read more

• PSX Closing Bell: A Step in the Right Direction

The benchmark KSE-100 Index concluded Tuesday's trading session at 143,037.16, showing an increase of 984.52 points or 0.69%. Read more

• Agritech returns to profitability in first half FY25

Agritech Limited (PSX: AGL) has posted a net profit of Rs2.24 billion for the six-month period ended June 30, 2025, compared to a net loss of Rs1.24bn in the same period last year, reflecting a notable financial turnaround. Read more

• Pakistan Tobacco profit nears 30%

Pakistan Tobacco Company Limited (PSX: PAKT) shared its half-yearly financial results for the six-month period ended June 30, 2025 (1HF25), reported a profit after tax of Rs14.26 billion, showing a 29.67% increase from Rs10.9bn recorded in the same period last year Read more

• EU delays tariff response to US for six months

The European Union revealed a six-month suspension of its planned countermeasures against the United States' tariffs, which were due to take effect this week. Read more

• Oil prices pause decline after hitting one-week lows

Oil prices were little changed on Tuesday after three days of declines on mounting oversupply concerns after OPEC+ agreed to another large output increase in September, though the potential for more Russian supply disruptions supported the market. Read more

• Cement giants set to pour profits in 4QFY25

Pakistan’s cement industry is poised to deliver strong quarterly earnings despite subdued domestic demand. The industry is expected to post consolidated earnings of Rs21 billion for the fourth quarter of FY25, marking a 43% YoY rise, according to a sector preview by KTrade Research. Read more

• Dawood Equities secures SECP consultant license

Dawood Equities Limited (PSX: DEL) has been granted a license by the Securities & Exchange Commission of Pakistan (SECP) as Consultant to the Issue to carry out activities under the Public Offering Read more

• Fiscal deficit narrows to Rs6tr in FY25

Pakistan recorded a fiscal deficit of Rs6.17 trillion (-5.4% of GDP) in the fiscal year 2025, as compared to a fiscal deficit of Rs7.2tr (-6.8% of GDP) in the same period of last year, as per data reported by Finance Ministry. Read more

• Saudi Aramco posts revenue drop

Saudi Aramco posted a drop in second-quarter revenues, citing lower crude oil and refined chemical products prices that were only partially offset by higher traded volumes, on Tuesday. Read more

• Govt reaffirms support for textile sector amid industry concerns

The government has reaffirmed its commitment to facilitating the textiles and apparel sector by providing a stable policy environment and supporting value addition to boost exports. Read more

• UK expresses interest in defence cooperation with Pakistan

The United Kingdom has expressed interest in deepening defence and development cooperation with Pakistan, as part of its ongoing efforts to strengthen bilateral relations with key regional partners. Read more

• Pak Suzuki’s ratings upgraded to AA

The Pakistan Credit Rating Agency (PACRA) has upgraded the entity ratings of Pak Suzuki Motor Company Limited (PSX: PSMC), enhanced its long-term rating from AA- to AA and its short-term rating from A1 to A1+ with a stable outlook. Read more

• PACRA maintains entity ratings of Ghandhara Tyre & Rubber Company Ltd

Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) at "A+" for the long term and "A1" for the short term with a stable outlook forecast, the latest press release issued by PACRA showed. Read more

• SECP opens consultation on Research Analyst reforms

The Securities and Exchange Commission of Pakistan (SECP) has released a notification inviting public feedback on proposed amendments to the Research Analyst Regulations, 2015. Read more

• Business community backs Pakistan-Iran trade pact

The business community has welcomed the recently concluded Free Trade Agreement (FTA) between Pakistan and Iran, along with 12 ministerial-level accords viewing it as a major breakthrough for regional economic integration and growth. Read more

• Saudi Riyal available at PKR 75.95 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

• Tesla grants $29bn in shares to Musk

Electric vehicle giant Tesla has approved an interim compensation package worth $29 billion for its CEO, Elon Musk, even as a legal fight over his earlier pay deal continues in court. Read more

• Punjab approves around Rs53bn for six development schemes

Punjab’s Provincial Development Working Party has approved six major development schemes worth a combined Rs52.59 billion in its 15th meeting of the current fiscal year, chaired by Planning & Development Board Chairman Dr. Naeem Rauf. Read more

• Pakistan, Bangladesh eye closer ties in trade, logistics

Pakistan and Bangladesh have committed to strengthening bilateral cooperation across trade, energy, logistics, and industrial linkages, as Federal Minister for Commerce Jam Kamal Khan met with Bangladesh’s High Commissioner to Pakistan, Md. Iqbal Hussain Khan. Read more

• EFERT on track to finish Phase 1 of gas facility by end-August

Aiming to stabilize gas supply for its fertilizer operations, Engro Fertilizers (PSX: EFERT) is progressing on its $300 million Production Enhancement Facility (PEF) project, with Phase 1 expected to complete by the end of August 2025 and procurement for Phase 2 already underway. Read more

• easypaisa partners with Google Developer Groups

Pakistan’s first digital bank, easypaisa, joined forces with Google Developer Groups Islamabad (GDG) to bring Google I/O Extended 2025 to the federal capital. Read more

• India accuses US, EU of double standards

India has pushed back strongly against criticism from the United States and the European Union over its continued oil imports from Russia, calling such objections unjustified. Read more

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