MG Morning Breeze: Updates to Skim before Market
MG News | August 29, 2025 at 09:16 AM GMT+05:00
August 29, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Total Foreign Exchange Reserves held by the country increased by USD 47 million during the week. Read more
State Bank of Pakistan announces a net profit of Rs. 2,500 billion for FY 2024-25, remitting Rs. 2,428 billion to the Federal Government. Read more
The government has launched a tree plantation campaign at Lok Virsa with the planting of a sapling to formally begin the drive. Read more
To enhance Pakistan’s maritime and energy transport capacity, the Pakistan National Shipping Corporation (PNSC) has expanded its fleet from 10 to 12 vessels with the induction of two Aframax-class tankers, Swan Lake and P. Aliki. Read more
The Government of Pakistan has reaffirmed that it will not import wheat this year as existing reserves are sufficient to meet national demand while emphasizing food self-sufficiency and farmer welfare. Read more
D.G. Khan Cement Company Limited (DGKC) has delivered a remarkable financial performance for the fiscal year ended June 30, 2025, with profits soaring by an exceptional 11x compared to the previous year. Read more
The benchmark KSE-100 Index concluded Thursday's trading session at 147,343.50, showing a decrease of 150.53 points or 0.10%. Read more
Pakistan Telecommunication Company Limited (PSX: PTC) informed its financial results for the six months ended June 30, 2025, reporting a significant increase in its consolidated operating profit but a widening net loss, driven primarily by a massive impairment loss on financial assets. Read more
The Pakistani rupee (PKR) rose by 2.50 paisa or 0.01% against the US dollar in Thursday's interbank session to settle the trade at PKR 281.80 per USD, compared to previous closing of 281.83. Read more
Pak Elektron Limited (PSX: PAEL) shared its financial results for the six months ended June 30, 2025 and posted a profit after tax of Rs2.37 billion, which showed an increase of 67.4% YoY compared to Rs1.41bn recorded in the same period last year. Read more
Saif Power Limited (PSX: SPWL) posted a loss of Rs95.75 million for the six months ended June 30, 2025, compared to a profit of Rs518.8m in the same period last year. Read more
Pakistani startups, Haball and PostEx, have been named to Forbes Asia’s “100 To Watch” list for 2025. Both companies are part of Zayn VC’s portfolio. Read more
The Central Depository Company of Pakistan (CDC) has onboarded AKD Securities Limited to its RAAST Aggregator Platform, enabling investors to transfer funds instantly and securely. Read more
The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, has approved a technical supplementary grant of Rs30.216 billion to facilitate the smooth closure of the Utility Stores Corporation (USC) of Pakistan Read more
Highnoon Laboratories Limited (PSX: HINOON) reported a profit after tax of Rs1.73 billion for the six months ended June 30, 2025, reflecting an 8% increase compared to Rs1.61bn in the same period last year. Read more
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) considered a single-point agenda regarding the reconstitution of the Board of Directors of National Engineering Services Pakistan (NESPAK). Read more
Inflation is projected to remain within the range of 4-5% in August 2025 which shows easing price pressures and a favorable policy environment. Read more
The Securities and Exchange Commission of Pakistan (SECP) has issued an Investment Finance Services license to Foremost Financial Services (Pvt.) Limited to operate as a Non-Banking Finance Company (NBFC). Read more
Faysal Bank Limited (PSX: FABL) reported a profit after tax of Rs10.42 billion for the half year ended June 30, 2025, reflecting a 23.13% decline compared to Rs13.56bn in the same period last year. Read more
Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs362,600 per tola, up Rs900. Read more
Sales of Tesla cars in Europe plunged in July, marking the company’s seventh consecutive month of declines, while Chinese rival BYD saw a sharp monthly surge, data released on Thursday showed. Read more
Engro Holdings Limited, previously Dawood Hercules Corporation Limited (PSX: ENGROH), informed its financial results for the half year ended June 30, 2025. Read more
Authorities have been directed to take immediate and comprehensive measures to address the potential urban flooding in Gujrat, Sialkot and Lahore. Read more
Pakistan and Belarus reaffirmed their commitment to boosting cooperation in agriculture, industry and employment opportunities for skilled Pakistani workers during a meeting between Prime Minister Shehbaz Sharif and Belarusian Minister of Internal Affairs Ivan Kubrakov in Islamabad yesterday. Read more
Chinese semiconductor firm Cambricon posted record profit in the first half of the year, underscoring how local challengers to Nvidia are gaining traction as Beijing looks to boost its domestic industry. Read more
Mehran Sugar Mills Limited (PSX: MRNS) has shared that it has begun winding up its wholly owned subsidiary, Mehran Energy Limited (MEL), according to the company's statement issued today. Read more
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
Samba Bank Limited (PSX: SBL) reported a sharp decline in profitability for the half year ended June 30, 2025, posting a profit after tax of Rs185.53 million, down 72% from Rs662.93m in the same period last year. Earnings per share (EPS) fell to Rs0.02 from Rs0.30, reflecting a 93.3% plunge. Read more
Abbott Laboratories (Pakistan) Limited (PSX: ABOT) shared its financial results for the six-month period ended June 30, 2025 (1HFY25), posting a profit after tax of Rs3.54bn, up 65.6% compared to Rs2.14bn in the same period last year. Read more
Rafhan Maize Products Company Limited (PSX: RMPL) posted a net profit of Rs3.87 billion for the six months ended June 30, 2025, reflecting a 4.2% increase from Rs3.71bn in the same period last year. Read more
Pakistan is set to launch its first-ever Panda Bond with backing from the Asian Development Bank. This would mark a breakthrough in the country's efforts to diversify financing sources and tap into China's capital markets. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Friday, issued the following exchange rates. Read more
Asia-Pacific markets traded mixed on Thursday as investors digested the Bank of Korea’s latest policy decision. Read more
TPL Trakker Limited (PSX: TPLT)'s associated company, Trakker Middle East LLC, has secured a contract with SOCIETE "SEBIT" SARL to provide IoT-based fuel monitoring solutions in the Republic of Chad, Africa. Read more
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| BITCOIN FUTURES | 111,595.00 | 113,390.00 111,585.00 | -430.00 -0.38% |
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| SUGAR #11 WORLD | 16.50 | 16.53 16.31 | 0.03 0.18% |
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