MG Morning Breeze: Updates to Skim before Market

August 12, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Barrick pitches $3.5bn Reko Diq deal to global lenders

Canadian mining giant Barrick Mining is seeking to raise $3.5 billion from international lenders, including US-backed institutions, to fund the construction of the Reko Diq copper and gold mine in Pakistan’s Balochistan province. Read more

• Tesla eyes U.K. power market

Elon Musk’s electric vehicle manufacturer and energy company Tesla is preparing to supply electricity to British households and businesses. Read more

• Dubai real estate records 4,049 new activities in H1 2025

Dubai’s real estate market recorded 4,049 new activities in the first half of 2025 indicating the emirate’s growing appeal as a leading investment destination and the breadth of opportunities available to investors and service providers. Read more

• Pakistan eyes deeper ties in China's Inner Mongolia

Pakistan’s Ambassador to China undertook an orientation visit to the Inner Mongolia Autonomous Region, reaffirming the country’s commitment to deepening multifaceted cooperation with the province-level region of China. Read more

• Attock Cement annual profit declines

Attock Cement Pakistan Limited (PSX: ACPL) released its financial results for the year ended June 30, 2025, recorded a profit after tax of Rs1.73 billion, down 51.46% from Rs3.57bn in the previous year. Read more

• PKR gains 2 paisa per USD

The Pakistani rupee (PKR) appreciated by 1.49 paisa or 0.01% against the US dollar in Monday's interbank session to settle the trade at PKR 282.45 per USD, compared to previous closing of 282.47. Read more

• PSX Closing Bell: A Step Closer to the Top

The benchmark KSE-100 Index concluded Monday's trading session at 146,929.84, showing an increase of 1,547.05 points or 1.06%. Read more

• Spot gold declines on Ukraine peace talks, fed policy outlook

Spot gold was down 1.04% at $3362.09 an ounce as of [3:25 pm] PST on Monday, according to data reported by Mettis Global. Read more

• U.S.-China tariff extension still uncertain as disputes resurface

The U.S. and China have yet to declare an extension to their tariff deadline, with tensions over several thorny issues flaring just as a fragile truce nears its expiry. Read more

• Gold price in Pakistan falls Rs3,600 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs358,800 per tola, down Rs3,600. Read more

• Pakistan, Turkmenistan to boost trade and investment ties

Pakistan and Turkmenistan have agreed to enhance cooperation in trade, commerce, and investment, with a focus on joint ventures in energy, transportation, and construction sectors. Read more

• Business Confidence in Pakistan hits nearly four-year high

The confidence of Pakistan’s private businesses has surged in the country’s direction to its highest level in nearly four years according to Gallup Pakistan's latest survey. Read more

• SBP to remain closed on August 14

The State Bank of Pakistan will remain closed on Thursday, August 14, 2025 being public holiday on the occasion of ‘Independence Day’ as declared by the government of Pakistan. Read more

• Pakistan Oilfields posts Rs24bn profit, Rs50 dividend

Pakistan Oilfields Limited (PSX: POL) shared its financial results for the year ended June 30, 2025, posting a profit after tax of Rs24.18 billion, down 38.2% from Rs39.15bn in the previous year. Read more

• Oil prices fall further ahead of U.S. Russia peace talks

Oil prices dropped in Asian trading on Monday, building on last week’s slide of over 4%, as markets awaited the results of upcoming U.S.–Russia discussions on the Ukraine conflict. Read more

• LSE Capital acquires 10% stake in JJVL

LSE Capital Limited (PSX: LSECL) has completed the acquisition of a 10% stake in Jamshoro Joint Venture Limited (JJVL). Read more

• Attock Refinery profit falls sharply in FY25

Attock Refinery Limited (PSX: ATRL) has posted a sharp decline in earnings for FY25, with profit after tax standing at Rs8.95 billion [EPS: Rs83.93], compared to Rs25.05bn [EPS: Rs234.96] in the same period last year (SPLY), reflecting a decrease of 64.28%. Read more

• Pakistan, US in final-stage talks on trade pact

Pakistan and the United States are in discussions to finalize the finer points of a trade agreement that will include investment commitments from Washington. Read more

• Pakistan, Azerbaijan reaffirm commitment to regional peace

Pakistan and Azerbaijan have reaffirmed their deep ties and shared commitment to regional peace during a warm exchange between Prime Minister Muhammad Shehbaz Sharif and President Ilham Aliyev. Read more

• Federal Cabinet reappoints Shoaib Javad Hussain to lead State Life

The Federal Cabinet has approved the reappointment of Shoaib Javad Hussain as Chief Executive Officer of the State Life Insurance Corporation of Pakistan for another three-year term. Read more

• EcoPack rating upgraded to BBB+

The Pakistan Credit Rating Agency (PACRA) has upgraded EcoPack Limited’s (PSX: ECOP) long-term entity rating to BBB+ from BBB, while maintaining the short-term rating at A2 with a stable outlook. Read more

• Saudi Riyal available at PKR 75.9 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 for SAR and AED, while QAR remained unchanged, maintaining a largely stable trend. Read more

• Govt issues Rs2.3bn refunds to textile exporters

Pakistan’s textile sector has received a major boost as the Ministry of Commerce and the Finance Division released Rs2.3 billion in first-quarter Duty Drawback of Taxes (DDT) refunds to eligible exporters, aiming to ease liquidity pressures and sustain export operations. Read more

• APL profit falls by nearly 25% in FY25

Attock Petroleum Limited (PSX: APL) reported a net profit of Rs10.39 billion [EPS: Rs83.53] for the year ended June 30, 2025, down 24.81% compared to Rs13.82bn [EPS: Rs111.09] recorded in the same period last year (SPLY). Read more

• Tri-Pack Films turns to loss in first half

Tri-Pack Films Limited (PSX: TRIPF) released its financial results for the half-year ended June 30, 2025, posting a loss after tax of Rs468.2 million, compared to a profit of Rs55.84m in the same period last year which shows a 938% decline Read more

• Asia stocks rise on US–Russia peace hopes

Asia stocks advanced Monday as optimism over potential progress in US–Russia peace talks buoyed global sentiment, lifting equity-index futures for the US and Europe while weighing on oil and gold prices. Read more

• NRL reports lower annual loss for FY25

National Refinery Limited (PSX: NRL) has reported a loss after tax of Rs14.87 billion [LPS: Rs185.91] for the year ended June 30, 2025, down by 5.85% YoY compared to the Rs15.79bn [LPS: Rs197.46] loss recorded in the Same Period Last Year (SPLY). Read more

• Mari Energies’ FY25 profit slips to Rs65bn in FY25

Mari Energies Limited (PSX: MARI) reported a consolidated profit after tax of Rs65.38 billion for the fiscal year ended June 30, 2025, down 15.4% from Rs77.29bn in the previous year. Read more

• Telenor Asia appoints Fridtjof Rusten as CEO of Telenor Pakistan

Telenor Asia has appointed Fridtjof Rusten as Chief Executive Officer of Telenor Pakistan, with effect from 1 September 2025. Read more

• SSGC earning per share rises to Rs8

Sui Southern Gas Company Limited (PSX: SSGC) released its financial results for the half-year ended December 31, 2024, reporting a profit after tax of Rs7.06bn, up 8.54% from Rs6.5bn in the corresponding period last year. Read more

• LUCK delivers strong FY25 performance

Lucky Cement Limited (PSX: LUCK) reported a consolidated profit after taxation of Rs84.5 billion for the fiscal year ended June 30, 2025, marking a robust 16.8% YoY growth from Rs72.3bn in FY24. Read more

• Lucky Cement eyes Rs1.2bn bet on copper-gold venture

Lucky Cement Limited (PSX: LUCK) is set to expand its footprint in mineral exploration through a proposed equity investment of up to Rs1.2 billion in National Resources (Private) Limited (NRL), a joint venture engaged in copper and gold mining in Chagai, Balochistan. Read more

• FCCL profit soars 62% to Rs13bn

Fauji Cement Company Limited (FCCL) has reported a robust Profit After Tax (PAT) of Rs13.3 billion for the fiscal year ended June 30, 2025, marking a 62% surge from Rs8.2bn in FY24. Read more

• NBP issues foreign exchange rates

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

• Fauji Cement approves expansion of PP Bags plant

The Board of Directors of Fauji Cement Company Limited (PSX: FCCL) has approved the expansion of its Polypropylene (PP) Bags Manufacturing Plant at Hattar to meet 100% of the company’s internal packaging requirements. Read more

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