MG Morning Breeze: Updates to Skim before Market

August 13, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP Issues Revised Framework Against Trade-Based ML/TF

SBP Revises Framework to Curb Trade-Based Money Laundering and Terrorist Financing Read more

• Pakistan, UK boost economic reforms under REMIT

Pakistan and the United Kingdom reviewed progress on key economic reforms today under the UK-supported Revenue Mobilisation, Investment and Trade (REMIT) Programme, reaffirming their commitment to accelerating initiatives in taxation, trade, and investment. Read more

• Tribunal upholds CCP’s Order against the floor mills association

The Competition Appellate Tribunal (CAT) has upheld the order of the Competition Commission of Pakistan (CCP) against the Pakistan Flour Mills Association (PFMA) for fixing the price of wheat flour in violation of Section 4 of the Competition Act, 2010. Read more

• Motorbike sales jump 44% YoY in July

Sales of motorbikes, tractors, and commercial vehicles posted strong YoY growth in July 2025, but momentum slowed on a MoM basis, as seasonal factors and cost pressures weighed on volumes, according to data released by the Pakistan Automotive Manufacturers Association (PAMA) on Tuesday. Read more

• Government, Judiciary discuss tax dispute resolution, reforms

To discuss ongoing judicial reforms and the timely resolution of tax-related disputes, Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, met with Chief Justice of Pakistan, Mr. Justice Yahya Afridi, at the Supreme Court. Read more

• Exporters get relief as SBP frees withheld proceeds

The State Bank of Pakistan (SBP) has withdrawn its earlier directive on delayed realization of export proceeds, instructing authorized dealers (ADs) to immediately release funds held under the lien of exporters. Read more

• Money supply crosses Rs45tr as of June 2025

The total money supply circulating within the economy till June 2025 has been recorded at Rs45.15 trillion, according to provisional accounts on Monetary Aggregates for the month, maintained by the State Bank of Pakistan (SBP). Read more

• Car sales rise 29% in July 2025

Car sales in Pakistan, including light commercial vehicles (LCVs), vans, and jeeps, rose 28.5% YoY in July 2025 to 11,034 units from 8,589 units a year earlier, according to data released by the Pakistan Automotive Manufacturers Association (PAMA) on Tuesday. Read more

• PKR gains 4 paisa against USD

The Pakistani rupee (PKR) gained by 3.59 paisa or 0.01% against the US dollar in Tuesday's interbank session to settle the trade at PKR 282.42 per USD, compared to previous closing of 282.45. Read more

• PSX Closing Bell: Every Little Bit Counts

The benchmark KSE-100 Index concluded Tuesday's trading session at 147,005.32, showing an increase of 75.48 points or 0.05%. Read more

• OICCI demands urgent climate funding for Pakistan

The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged immediate mobilization of large-scale climate finance to safeguard Pakistan’s economy and environment. Read more

• Pakistan, Morocco poised to broaden cooperation across sectors

Pakistan has reaffirmed its intent to deepen economic and diplomatic engagement with Morocco, emphasizing shared faith, values and mutual respect as the foundation of bilateral ties. Read more

• Oil retreats slightly as U.S., China extend tariff freeze

Oil prices climbed on Tuesday after the United States and China agreed to prolong a suspension of planned tariff hikes, easing fears that an escalation of their trade dispute could harm their economies and dampen fuel demand in the world’s two biggest oil-consuming nations Read more

• Gold price in Pakistan falls Rs500 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs358,300 per tola, down Rs500. Read more

• Lucky Investments clinches AM2+ rating upgrade in record time

Lucky Investments said its Asset Manager Rating has been upgraded to AM2+ by the Pakistan Credit Rating Agency (PACRA), marking a notable improvement in a short time. Read more

• Bilal Fibres Board approves name change to Zuma Resources

Bilal Fibres Limited’s (PSX: BILF) Board of Directors has approved renaming the company to “Zuma Resources Limited,” subject to name availability with the Companies Registration Office, Lahore (SECP), and subsequent shareholders’ approval. Read more

• Sazgar produces 2,034 three-wheelers, 1,199 four-wheelers in July 2025

Sazgar Engineering Works Limited (PSX: SAZEW) produced 1,199 units and recorded sales of 1,079 units for its four-wheelers, including off-road and passenger vehicles, during July 2025. Read more

• VIS upgrades entity ratings of BMA Capital Management Ltd

VIS Credit Rating Company Limited (‘VIS’) has upgraded entity ratings of BMA Capital Management Limited to ‘A/A2’ (‘Single A/A Two’) from ‘A-/A2’ (‘Single A Minus/A Two). Read more

• Saudi Riyal available at PKR 75.85 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, reflecting a largely stable trend in today’s sessio Read more

• PM Shehbaz welcomes improved business sentiment

Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over Gallup Pakistan’s latest Business Confidence Index report which shows business sentiment toward the country’s economic direction reaching its highest level in nearly four years. Read more

• Pakistan secures PCA ruling on IWT against India

Pakistan has secured a major victory at the Permanent Court of Arbitration (PCA), which has issued a binding ruling in its favor on key questions regarding the interpretation of the Indus Waters Treaty (IWT). Read more

• PSX Intra Day: Breaking Records, Not Hearts

The Pakistan Stock Exchange (PSX) extended its record-breaking streak on Tuesday, with the benchmark KSE-100 Index climbing 688.72 points to reach 147,618.56 and hitting an intraday high of 147,731.70 points (+801.86) at 10:48 a.m. amid optimism over strong corporate earnings and positive economic indicators. Read more

• Fatima Fertilizer retains entity rating of AA+

VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Fatima Fertilizer Company Limited (PSX: FATIMA) at AA+/A1+ with a Stable outlook. Read more

• Climate change threatens Pakistan’s cotton sector

Pakistan’s cotton sector faces mounting risks from climate change, pest attacks, declining farmland, and unstable prices, raising concerns over the crop’s future sustainability. Read more

• Petrol prices expected to drop by Rs8 per litre

Petrol prices are expected to drop by approximately Rs8 per litre due to a decline in international rates, with revised prices likely to be effective from August 16 to 31, 2025. Read more

• Govt drops member caps for companies

The Government is set to overhaul the Companies Act 2017 by removing limits on the number of members in private and public companies, introducing greater flexibility in corporate forms, and eliminating unnecessary restrictions to align corporate laws with international best practices. Read more

• NWTN, JW Corporation ink deal to assemble EVs in Pakistan

UAE-headquartered NWTN Inc. (Nasdaq: NWTN) has signed an Asset Contribution and Share Issuance Agreement with Pakistan’s JW Corporation, granting it exclusive rights to operate JW’s complete knock-down (CKD) automotive assembly plant located in the China-Pakistan Special Economic Zone (JW-SEZ), Lahore. Read more

• PSX to remain closed on August 14

The Pakistan Stock Exchange (PSX) will be closed on Thursday, August 14, 2025, in observance of the 78th Independence Day of the Islamic Republic of Pakistan. Read more

• Senate to debate sweeping legislative agenda amid mounting SOE losses

The Senate is set to convene today at 4:00 p.m. in Islamabad, with a packed legislative agenda that spans education reform, trade protection, disability rights, and fiscal accountability, according to the notification issued by the Senate Secretariat. Read more

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