MG Morning Breeze: Updates to Skim before Market

September 06, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• State Bank's Forex Reserves Increase by $28.2m

Pakistan's Forex Reserves Increased by USD 41.70 Million during the week. Read more

• CCP launches Lecture Series on Competition Law

The Competition Commission of Pakistan (CCP) has launched a Lecture Series on Competition Law, aimed at fostering dialogue and enhancing understanding of contemporary competition issues. Read more

• PSX Closing Bell: Don’t Stop the Climb

The benchmark KSE-100 Index concluded Thursday's trading session at 152,665.72, showing an increase of 463.85 points or 0.30%. Read more

• TPL Insurance receives acquisition intention from VEON Group

TPL Insurance Limited (PSX: TPLI) has received an intention from VEON Group Holding Company Ltd and/or its subsidiaries/associated entities to potentially acquire shares and control of the Company beyond the thresholds prescribed under Section 111 of the Securities Act, 2015. Read more

• PKR increases by 4 paisa against USD

The Pakistani rupee (PKR) gained by 3.95 paisa or 0.01% against the US dollar in Thursday's interbank session to settle the trade at PKR 281.67 per USD, compared to previous closing of 281.71. Read more

• Pakistan, China reaffirm all-weather strategic partnership

Pakistan and China have reaffirmed their shared resolve to further strengthen their iron-clad, all-weather strategic cooperative partnership during a meeting between Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang in Beijing on today. Read more

• Brent oil likely to drop to low-$50s in 2026: Goldman

Global crude benchmark Brent is set to drop to the low-$50s a barrel next year on a global surplus, according to Goldman Sachs Group Inc. Read more

• SSGC sees minor earnings drop in nine months FY25

Sui Southern Gas Company Limited (PSX: SSGC) reported a net profit of Rs7.49 billion for the nine months ended March 31, 2025, reflecting a 4.20% decline from Rs7.82bn in the same period last year. Read more

• Gold price in Pakistan remain unchanged

Gold price in Pakistan remained unchanged on Thursday, with 24-karat gold being sold at Rs376,700 per tola, unchanged from the previous session. Read more

• Pakistan produced nearly 18m mobile phones in 7MFY25

Local mobile assembly and manufacturers have produced 17.83 million mobile phones during the first six months of the ongoing calendar year (Jan-Jul 2025), while commercial imports totaled 1.03m. Read more

• Privatization Commission extends deadline for Financial Advisor appointment in Roosevelt Hotel Case

The Privatization Commission has extended the deadline for submission of applications for the appointment of a financial advisor in the privatization process of PIA’s Roosevelt Hotel in the United States until September 16, 2025 Read more

• OMO Result: SBP injects Rs554bn

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs554 billion into the market of which Rs544bn were injected through reverse repo OMO. Read more

• Gold likely to reach $5,000 per ounce: Goldman

Gold prices could rally to nearly $5,000 an ounce if the Federal Reserve's independence were compromised, according to Goldman Sachs Group Inc. Read more

• FIA arrests officers in smuggled vehicle legalization scam

Federal Investigation Agency (FIA) arrested officers accused of fraudulently legalizing smuggled vehicles, following which an FIR was lodged against them. Read more

• Saudi Riyal available at PKR 75.4 in open market

The exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) against the Pakistani Rupee (PKR) remained unchanged as of 10 am PST, reflecting stability in today’s session. Read more

• PSX Intra Day: Breaking New Heights

he Pakistan Stock Exchange (PSX) extended its bullish momentum on Thursday, as the benchmark KSE-100 Index surged to an intraday high of 153,411.05 points at 10:40am, reflecting gains of 1,209.18 points. Read more

• PM to meet Chinese Premier Li Qiang today

Prime Minister Shehbaz Sharif is set to hold a meeting with Chinese Premier Li Qiang today to deliberate on bilateral cooperation and exchange views on regional and international issues. Read more

• Saif Textile Mills signs contract for 10 MW solar power system

Saif Textile Mills Limited (PSX:SAIF) has shared that it has entered into an agreement with SkyElectric (Private) Limited for the supply and installation of a 10-megawatt solar power system, according to the company’s filing on PSX today. Read more

• India cuts taxes on consumer goods to spur demand

India has unveiled sweeping tax reforms aimed at boosting domestic demand and cushioning its economy against steep U.S. tariffs. Read more

• NBP issues foreign exchange rates

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

• Punjab to roll out Rs90bn loan scheme

The second phase of the Chief Minister’s Asaan Karobar Finance Scheme is set to launch soon, following the successful completion of its first phase. Read more

• Descon Oxychem profit jumps 70%

Descon Oxychem Limited (PSX: DOL) released its financial results for the year ended June 30, 2025, posting a net profit of Rs860.16 million, up 69.7% from Rs507.01m reported in FY24. Earnings per share (EPS) also increased to Rs4.91 from Rs2.90 last year. Read more

• PPL hits another discovery in Attock

Pakistan Petroleum Limited (PSX: PPL), the operator of Dhok Sultan (Exploration Licence), has made an oil & gas discovery at its well “Dhok Sultan-03”, located in District Attock, Punjab Province. Read more

• Nimir Resins sees drop in yearly profits

Nimir Resins Limited (PSX: NRSL) reported its audited financial results for the year ended June 30, 2025, posting a net profit of Rs249.47 million, down 7.73% from Rs270.38m recorded in the previous year. Read more

• SMEDA, PMN partner for micro-enterprise support

The Small and Medium Enterprises Development Authority (SMEDA) and the Pakistan Microfinance Network (PMN) on Wednesday agreed to work together to improve financial facilities for micro-enterprises in Pakistan Read more

• Pakistan, Uzbekistan to boost tourism ties along Silk Route

Uzbekistan and Pakistan are set to deepen cooperation in the tourism sector, with both sides viewing stronger air connectivity, cultural exchanges, and joint ventures as key to reviving centuries-old Silk Route ties. Read more

• Asia stocks gain amid Wall Street tech rally

Asia-Pacific markets mostly advanced on Thursday, tracking overnight gains on Wall Street where a tech rally lifted the S&P 500 and Nasdaq Composite, though economic concerns capped broader sentiment. Read more

• Aqeel Ahmed Nasir appointed as Chairman CDC

The Central Depository Company of Pakistan Limited (CDC) has appointed Mr. Aqeel Ahmed Nasir as Chairman of its Board of Directors. Read more

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