MG Morning Breeze: Updates to Skim before Market

September 03, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP revokes license of Money Masters Currency Exchange

The State Bank of Pakistan (SBP) has cancelled with immediate effect the authorization and operating license of Money Masters Currency Exchange Company (Pvt.) Limited. Read more

• Online loan apps charging up to 1,800% interest

Online loan apps in Pakistan have been charging exploitative interest rates as high as 1,800% while also blackmailing borrowers by accessing their phone galleries and contacts. Read more

• CCP secures partial recovery in ICH penalties

A partial recovery of Rs 495 million has been made by the Competition Commission of Pakistan (CCP) from Long Distance International (LDI) operators in the International Clearing House (ICH) case. Read more

• Cement despatches rise over 12% in August 2025

Cement despatches stood at 3.846 million tons in August 2025, showing a growth of 12.45% compared to 3.421m tons recorded in the same month last year Read more

• Flash floods ravage Punjab, destroying crops

Pakistan’s Punjab province has been hit by flash floods that have wiped out thousands of acres of crops, unleashing a mounting economic and humanitarian crisis. Read more

• PSX Closing Bell: A Step Up

The benchmark KSE-100 Index concluded Tuesday's trading session at 150,975.48, showing an increase of 1,004.36 points or 0.67%. Read more

• PKR gains 3 paisa against USD

The Pakistani rupee (PKR) increased by 3.14 paisa or 0.01% against the US dollar in Tuesday's interbank session to settle the trade at PKR 281.72 per USD, compared to previous closing of 281.75. Read more

• Pakistan’s textile industry calls for policy support

Pakistan’s textile sector urged urgent government and policy support to boost export competitiveness, even as the State Bank of Pakistan (SBP) highlighted significant macroeconomic improvements and economic stability. Read more

• Pakistan’s trade deficit narrows by 9% in August

Pakistan’s trade deficit stood at $2.86 billion in August 2025, reflecting a 9.58% improvement compared to July 2025, according to the latest data released by the Pakistan Bureau of Statistics (PBS). Read more

• Oil prices slip amid Russia Ukraine tensions

Oil prices climbed in early Asian trading on Tuesday, driven by mounting worries over potential supply disruptions as the Russia Ukraine conflict intensified Read more

• LOTCHEM plant operations restart From September 1

Lotte Chemical Pakistan Limited (PSX: LOTCHEM) declared that its plant operations have resumed from September 1, 2025. Read more

• Gold price in Pakistan remain unchanged

Gold price in Pakistan remained unchanged on Tuesday, with 24-karat gold being sold at Rs370,700 per tola, unchanged from the previous session. Read more

• World Bank flags Pakistan’s high vulnerability to natural disasters

Pakistan has remained highly vulnerable to natural disasters, including earthquakes, floods, landslides, and water scarcity which have continued to undermined its infrastructure and endangered the welfare of its people, a recent World Bank report revealed. Read more

• PM Sharif arrives in Beijing after SCO summit

Prime Minister Muhammad Shehbaz Sharif arrived in Beijing by bullet train from Tianjin after attending the 25th meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO). Read more

• Arif Habib joins CDC’s RAAST

The Central Depository Company of Pakistan (CDC) has onboarded Arif Habib Limited to its RAAST Aggregator Platform, marking a significant step toward secure and instant fund transfers for investors Read more

• Trump doubles down on trade dispute with India

U.S. President Donald Trump doubled down on his criticism of India, calling trade ties with the country “a totally one sided disaster!” after Indian Prime Minister Narendra Modi visited China to attend the Shanghai Cooperation Organization (SCO) summit. Read more

• Gold hits record high around $3,500 amid rate-cut bets

Gold prices surged to a fresh record on Tuesday, as mounting expectations of imminent US interest rate cuts and growing political pressure on the Federal Reserve fuelled a rush into safe-haven assets. Read more

• India blocks Azerbaijan’s SCO bid

Azerbaijan’s attempt to secure full membership in the Shanghai Cooperation Organization (SCO) has faced resistance from India, while China has backed Baku’s inclusion, according to reports in Azerbaijani media. Read more

• China invests $27bn in Kazakhstan’s economy

China has invested a total of $27 billion into Kazakhstan’s economy, highlighting the depth of bilateral economic cooperation between the two nations. Read more

• China, Russia pledge deeper strategic cooperation

China and Russia declared their continued deepening of political mutual trust and strategic cooperation, injecting what President Xi Jinping described as “valuable stability and positive energy” into a turbulent international situation. Read more

• Engro opens thinkPVC outlet in Lahore

Engro Polymer & Chemicals Limited (EPCL) has introduced thinkPVC Lahore, a dedicated platform designed to showcase and promote premium downstream PVC products with the goal of transforming Pakistan’s construction landscape through innovation, sustainability, and accessibility. Read more

• NCCPL to collect July capital gains tax

The National Clearing Company of Pakistan Limited (NCCPL) has shared that the collection of Capital Gains Tax (CGT) for the month of July 2025 will take place on Tuesday, September 9, 2025. Read more

• Saudi Riyal available at PKR 75.45 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

• Pakistan’s short-term FX liabilities reach over $31bn

Due to maturing foreign currency loans, securities, and deposits, Pakistan's foreign currency assets are expected to see a net outflow of $31.65 billion, according to the latest liquidity report released by the State Bank of Pakistan (SBP). Read more

• HBL PMI: Manufacturing Index Steady but Facing Headwinds

The HBL Pakistan Manufacturing PMI edged down to 50.1 in August from 50.5 in July, the lowest reading since the series began. Read more

• Pakistan eyes Chinese onshore markets

Pakistan is seeking to access Chinese onshore markets as part of new initiatives aimed at attracting investment, boosting market confidence, and strengthening regional financial linkages. Read more

• SBP targets to raise around Rs5tr: Auction Calendar Sep–Nov

The government is targeting to raise Rs4.825 trillion during the three months from September to November 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

• Pakistan’s OMC sales rise 6% MoM in Aug 2025, up 7% YoY

The sales volume of oil marketing companies (OMCs) in Pakistan rose by of 6% month-on-month (MoM) in August 2025, reaching a total of 1.3 million tons, while the year-on-year (YoY) growth increased by 7%. Read more

• Pakistan endorses China's Global Governance Initiative at SCO Summit

Pakistan has expressed strong support for President Xi Jinping's Global Governance Initiative (GGI) during the Shanghai Cooperation Organization (SCO) Plus summit held in Tianjin, China. Read more

• Power Cement reports strong turnaround with Rs815m profit

Power Cement Company Limited (PSX: POWER) has delivered an exceptional financial turnaround, posting a net profit of Rs815 million for the fiscal year ended June 30, 2025, compared to a massive net loss of Rs2.70 billion in FY2024. Read more

• Asia markets mixed as SCO summit, tariff risks dominate

Asia-Pacific markets traded mixed as investors assessed the Shanghai Cooperation Organization meeting of leaders in Tianjin, with tariff uncertainty weighing on sentiment. Read more

• NBP issues foreign exchange rates

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

• Pakistan Refinery Limited resumes operations

Pakistan Refinery Limited (PSX: PRL) has officially restarted its refinery operations today. Read more

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