MG Morning Breeze: Updates to Skim before Market

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MG News | August 08, 2025 at 08:12 AM GMT+05:00

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August 08, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Pakistan Foreign Exchange Reserves Data released by State Bank of Pakistan Read more

The Bank of England (BOE) has reduced its benchmark interest rate by 25 basis points, cutting the Bank Rate from 4.25% to 4%. Read more

The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against the Company Secretary of a listed firm, four of his close relatives and a private limited company over alleged insider trading violations under the Securities Act, 2015. Read more

The shareholders of The Hub Power Company Limited (PSX: HUBCO) have greenlit the extension and amendment of sponsor support for Thar Energy Limited (TEL) and ThalNova Power Thar (Private) Limited (TN). Read more

The government is stepping up efforts to revive its cotton industry with authorities calling for coordinated, evidence-based and actionable measures to strengthen global competitiveness and boost farmers incomes. Read more

Thal Limited (PSX: THALL) has authorized continued investment support for ThalNova Power Thar (Private) Limited (TN), reaffirming its commitment to the project. Read more

The PKR to USD exchange rate showed slight improvement in Thursday’s session, as the Pakistani rupee (PKR) appreciated by 11.44 paisa or 0.04% against the US dollar. The PKR interbank closing rate settled at PKR 282.56 per USD, compared to the previous closing of 282.67, according to the State Bank of Pakistan. Read more

Oil prices held steady on Thursday, trimming earlier gains after the Kremlin revealed that Russian President Vladimir Putin is set to meet with U.S. President Donald Trump in the coming days, fueling hopes for a potential diplomatic resolution to the Ukraine conflict. Read more

The benchmark KSE-100 Index concluded Thursday's trading session at 145,647.13, showing an increase of 558.64 points or 0.39%. Read more

Gadoon Textile Mills Limited (PSX: GADT) reported a significant turnaround in its profitability for the year ended June 30, 2025, with profit for the year soaring by 201.04% to Rs2.39 billion [EPS: Rs85.33], compared to Rs794.55 million [EPS: Rs28.35] in the previous year. Read more

The Pakistan government has stepped up efforts to promote sustainable maritime development by backing capacity-building initiatives aimed at enhancing informed and impactful maritime journalism Read more

Danish shipping giant Maersk raised its 2025 earnings outlook on Thursday, owing to robust demand outside the United States amid President Donald Trump's tariff onslaught. Read more

In a significant policy assurance, full government support has been pledged to Pakistan’s gems and jewelry sector, with strategic measures underway to boost non-traditional exports and unlock the industry’s untapped potential. Read more

Failure to crack down on money laundering could cripple Pakistan’s economy and tarnish its global standing, the Federal Minister for Law and Justice has warned Read more

U.S. President Donald Trump’s new round of so-called “reciprocal” tariffs took effect on Thursday, imposing higher duties on several of the country’s key trading partners. Read more

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs362,200 per tola, up Rs2,900. Read more

Spot gold was up 0.46% at $3,395.32 an ounce as of [12:55 pm] PST on Thursday, according to data reported by Mettis Global. Read more

Japanese auto giant Toyota on Thursday revised its annual net profit forecast downward to $18.06 billion (2.66 trillion yen), citing the impact of U.S. tariffs. Read more

Iraq revealed its plans to resume oil exports through Türkiye’s Ceyhan Port within a day or two, following a two-year hiatus. Read more

Askari General Insurance Company Limited (PSX: AGIC) to double the Company’s authorized share capital from Rs1 billion to Rs2bn, increasing the number of ordinary shares from 100m to 200m at a face value of Rs.10 each. Read more

Bawany Air Products Limited (PSX: BAPL) has received approval from the Securities and Exchange Commission of Pakistan (SECP) for the issuance of shares Otherwise than Right, as approved by the shareholders in the Extraordinary General Meeting (EOGM) held on December 23, 2024. Read more

In a sharp escalation, the U.S. is set to impose 50% tariffs on Indian goods, penalizing New Delhi’s continuing oil trade with Russia. Experts warn of heavy blows to textiles, engineering goods, gems, and more. Read more

Pakistan’s CGT reforms impose a uniform 15 % tax on property and securities gains for active filers, while non‑filers may see up to 45 % CGT. Is this tax policy fair or flawed? Read on for analysis. Read more

To review the progress of governance reforms in Islamabad, a session was convened under the ICT Governance Reforms Committee, chaired by Federal Minister for Planning, Development & Special Initiatives, Prof. Ahsan Iqbal. Read more

The Organic Meat Company Limited (PSX: TOMCL) has declared a landmark achievement in its international expansion strategy, becoming the first meat processing and exporting company from Pakistan to qualify for direct exports to Carrefour Majid Al-Futtaim - Hyper Market LLC's operations across the UAE. Read more

Apple is to invest an additional $100 billion in the United States, increasing its total commitment to $600bn over the next four years in a major boost to American manufacturing and job creation. Read more

As of early August 2025, the Saudi Riyal trades at PKR 758 in Pakistan’s open market. Discover what this means for currency converters, exporters, and remittance recipients. Read more

The global sukuk market has demonstrated robust credit fundamentals, with approximately 80% of Fitch-rated sukuk maintaining investment-grade status with no defaults and surpassed USD210 billion as of the end of the first half of 2025, according to the report by Fitch Ratings Read more

A Chinese not-for-profit organization has backed efforts to scale up castor cultivation in Pakistan by supplying high-quality hybrid seeds that could double yields from 50 to 100 maunds per acre.re. Read more

Maple Leaf Cement Factory Limited's (PSX: MLCF) Board of Directors has approved an investment of up to Rs1 billion as loans/advances to Kohinoor Textile Mills Limited (KTML), the holding company of the Company, to meet KTML’s working capital requirements. Read more

Maple Leaf Cement Factory Limited (PSX: MLCF) disclosed its consolidated financial results for the year ended June 30, 2025, reporting a profit after tax of Rs11.5 billion [EPS: Rs10.98]. Read more

Pakistan and Iraq have signed a Memorandum of Understanding (MoU) to launch a ferry service between Gwadar Port and Iraq’s Umm Qasr Port. Read more

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

Asia-Pacific markets mostly rose following U.S. President Donald Trump’s vow to impose a 100% tariff on imports of semiconductors and chips, with exemptions for companies “building in the United States.” Read more

SECP Records Highest-ever Company Registrations in July 2025 Read more

Copyright Mettis Link News

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