MG Morning Breeze: Updates to Skim before Market

September 04, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan sets stage for digital finance revolution with Virtual Assets Bill 2025

Pakistan is preparing to enter the digital finance era as the government moves toward legalizing cryptocurrency transactions and introducing its own central bank digital currency (CBDC) under the proposed Virtual Assets Bill 2025. Read more

• SBP raises around Rs552bn in MTBs, PIB auctions

The State Bank of Pakistan (SBP) raised Rs551.97 billion through its latest auctions of government securities held on September 3, 2025. Read more

• Pakistan stops three mango consignments to Norway

In collaboration with Pakistan Customs, the Department of Plant Protection (DPP) intercepted three mango consignments totaling 6.2 metric tons, valued at $ 25,649 and destined for Norway, at Jinnah International Airport, Karachi, on May 25, 2025, after detecting blatant non-compliance with mandatory EU phytosanitary protocols. Read more

• MG, MCB bank offer special SUV financing deal

MG Motors Pakistan has partnered with MCB Bank Limited to introduce an exclusive auto financing package on its premium SUVs, the MG HS PHEV and MG HS Trophy, making luxury mobility more accessible for Pakistani customers. Read more

• SECP unveils phased roadmap for ISSB adoption

The Securities and Exchange Commission of Pakistan (SECP) hosted a webinar for the COMCEC Capital Market Regulators (CMR) Forum Sustainability Task Force, focusing on the implementation of the International Sustainability Standards Board (ISSB) reporting standards. Read more

• PSX Closing Bell: Against All Odds

The benchmark KSE-100 Index concluded Wednesday's trading session at 152,201.87, showing an increase of 1,226.39 points or 0.81%. Read more

• PKR strengthens 1 paisa against USD

The Pakistani rupee (PKR) increased by 1.22 paisa or 0.00% against the US dollar in Wednesday's interbank session to settle the trade at PKR 281.71 per USD, compared to previous closing of 281.72. Read more

• Ghandhara Tyre swings to loss in FY25

Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) has posted a loss of Rs366 million for the year ended June 30, 2025, compared to a profit of Rs229m in the previous year. Read more

• Gold price in Pakistan rises to an all time high of Rs376,700 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs376,700 per tola, up Rs6,000. Read more

• Alphabet surges 6% after favorable Google antitrust ruling

Alphabet shares jumped 6% in premarket trading after a U.S. court ruling in Google’s antitrust case was seen as broadly favorable to the tech giant. Read more

• Pakistan’s Cotton arrivals rise around 9% to 1.33m bales

Pakistan's cotton sector demonstrated significant recovery as the latest data from the Pakistan Cotton Ginners' Association (PCGA) revealed a substantial 8.95% increase in cotton arrivals compared to the previous year, with total arrivals reaching 1,335,632 bales as of August 31, 2025. Read more

• Power supply restoration gains pace in flood-hit areas

The Power Division has achieved substantial progress in restoring electricity supply across flood-affected regions of the country. Read more

• HUBC reports 31% decline in profit for FY25

The Hub Power Company (PSX: HUBC) has released its consolidated financial results for the year ended June 30, 2025, reporting a significant decline in profitability. Read more

• PMYP signs LOI with Destinations to promote digital transformation

In a groundbreaking move to redefine the future of tourism, the Prime Minister’s Youth Programme (PMYP) has signed a Letter of Intent (LOI) with Destinations, an innovative digital tourism platform, at a ceremony held at the Prime Minister’s Office under the chairmanship of Rana Mashhood Ahmad Khan, Chairman PMYP. Read more

• EU declares Rs350m emergency aid for flood-hit Pakistan

The European Union has allocated Rs350 million in emergency assistance to Pakistan as devastating floods continue to wreak havoc across the country. Read more

• Govt directs immediate repair of power and communication in flood-affected regions

The federal government has directed urgent restoration of communication and power transmission systems in flood-hit areas and emphasized immediate relief and rehabilitation measures. Read more

• Oil Prices hold steady ahead of OPEC+ meeting

Oil prices remained steady on Wednesday, consolidating gains from the previous session after fresh U.S. sanctions disrupted Iranian crude flows. Read more

• Balochistan Judicial Academy hosts arbitration workshop

A two-day training on arbitration concluded at the Balochistan Judicial Academy, aiming to strengthen the capacity of legal professionals and ADR stakeholders in modern arbitration practices. Read more

• Saudi Riyal available at PKR 75.4 in open market

The current exchange rates for the Saudi Riyal (SAR) and UAE Dirham (AED) against the Pakistani Rupee (PKR) as of [10 am PST] showed minor movements in today’s session, while the Qatari Riyal (QAR) remained unchanged, reflecting a largely stable trend. Read more

• Dolmen City REIT posts around Rs8bn profit

Dolmen City REIT (PSX: DCR) has reported its financial results for the year ended June 30, 2025, with a slight dip in its profit. The company posted a profit of Rs7.99 billion, showing a 1.82% decline compared to Rs8.14bn in the same period last year. Read more

• Pakistan, Russia vow to expand cooperation across key sectors

Pakistan has expressed keen interest in enhancing its relations with Russia across multiple sectors, with Prime Minister Shehbaz Sharif underscoring trade connectivity, energy, agriculture, investment, defence, artificial intelligence, education, culture, and people-to-people exchanges as priority areas. Read more

• Burj Clean Energy Modaraba set to deploy Rs100m IPO proceeds

Burj Clean Energy Modaraba (PSX: GEMBCEM) has reported progress regarding the utilization of its Initial Public Offering (IPO) proceeds that the entire amount of Rs100 million remained invested in bank deposit accounts, generating profit while ensuring capital preservation and ready for deployment, according to its half-yearly progress report. Read more

• Pakistan, Kazakhstan plan joint port ventures to boost trade

Pakistan is positioning itself as a maritime gateway for landlocked Central Asian nations, as Kazakhstan has emerged as a key partner in expanding bilateral trade through Pakistani ports. Read more

• Pakistan, Tajikistan vow to boost trade, energy ties

Pakistan and Tajikistan reaffirmed their readiness to expand trade and energy linkages, with Prime Minister Shehbaz Sharif underlining the role of regional connectivity projects in driving prosperity across South and Central Asia. Read more

• Asia markets mixed as bond yields climb

Asia-Pacific markets traded mixed Wednesday as investors assessed rising global bond yields and the latest developments on the trade front. Read more

Copyright Mettis Link News