MG Morning Breeze: Updates to Skim before Market

September 09, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• DAGP denies claims of errors in Federal Audit reports

Strongly refuting recent media claims of miscalculations in federal audit reports, the Department of the Auditor-General of Pakistan (DAGP) has termed the allegations as entirely unfounded and misleading. Read more

• CCP recovers Rs1bn in crackdown on cartels, deceptive practices

The Competition Commission of Pakistan (CCP) has achieved a historic milestone by recovering over Rs1 billion through enforcement actions against cartels and deceptive practices. Read more

• Workers' remittances rise 7% YoY in August

Pakistan received workers’ remittances worth $3.1 billion in August 2025, the State Bank of Pakistan (SBP) said in a statement on Monday. Read more

• Sapphire Fibres transfers 11.84% stake to 4 private firms

Sapphire Fibres Limited (PSX: SFL) has shifted 2,445,877 shares, equivalent to 11.84% of its total voting stock to four privately held companies, following a Scheme of Arrangement sanctioned by the High Court of Sindh. Read more

• Pakistan, China unveil joint Action Plan 2025–2029

Pakistan and China have agreed on a comprehensive Action Plan to Foster an Even Closer China-Pakistan Community with a Shared Future in the New Era (2025–2029). Read more

• SECP registers 3,278 new companies in August

A total of 3,278 new companies were registered with the Securities and Exchange Commission of Pakistan (SECP) in August 2025, highlighting the increasing confidence in the country’s corporate sector. Read more

• PSX Closing Bell: Strongly in Green

The benchmark KSE-100 Index concluded Monday's trading session at 156,087.30, showing an increase of 1,810.11 points or 1.17%. Read more

• PKR increases by 3 paisa against USD

The Pakistani rupee (PKR) rose by 3.11 paisa or 0.01% against the US dollar in Monday's interbank session to settle the trade at PKR 281.62 per USD, compared to previous closing of 281.65. Read more

• Baluchistan Wheels annual profit rises 31%

Baluchistan Wheels Limited (PSX: BWHL) reported a profit after tax of Rs315.6m (EPS: Rs23.67) for the year ended June 30, 2025 which showed a 31.1% increase compared to Rs240.7m (EPS: Rs18.05) in the previous year. Read more

• THCCL posts 83% growth in profit after tax

Thatta Cement Company Limited (PSX: THCCL) reported an 83% increase in profit for the year ended June 30, 2025, posting an after-tax profit of Rs2.34 billion [EPS: Rs28.28], compared to Rs1.28bn [EPS: Rs16.08] in the previous year. Read more

• KOHC records 30% growth in FY25 profit

Kohat Cement Company Limited (PSX: KOHC) has reported a 30.15% growth in profit after taxation, reaching Rs11.57 billion for the year ended June 30, 2025, compared to Rs8.89bn in the previous year. Read more

• First Dawood Properties Ltd. secures IT tenants in Karachi

First Dawood Properties Ltd. (PSX: FDPL) stated that its newly constructed building in Phase-VII Extension, Defence, Karachi has been fully rented to two information technology companies. Read more

• OMO Result: SBP injects over Rs300bn

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 Rs316bn into the market of which 238bn were injected through reverse repo OMO. Read more

• NBP shareholders set for dividend windfall

In a major development for shareholders, National Bank of Pakistan (NBP) management revealed during the Analysts' Meet & Greet session that the bank will likely boost dividend payouts to avoid overcapitalization and maintain optimal Return on Equity (ROE) levels. Read more

• Gold hits all time historic high to reach Rs384,000 per tola

Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs384,000 per tola, up Rs6,100. Read more

• New Honda City Aspire S debuts in Pakistan, priced at Rs6.15m

Honda has brought back life to the 6th-generation City in Pakistan with the launch of a new Aspire S variant, ending a five-year pause. Read more

• Sazgar produces 2,050 three-wheelers, 1,192 four-wheelers in August 2025

Sazgar Engineering Works Limited (PSX: SAZEW) produced 1,192 units and recorded sales of 1,049 units for its four-wheelers, including off-road and passenger vehicles, during August 2025. Read more

• VEON Group signals interest in acquiring TPL Insurance

TPL Corp Limited has officially disclosed that VEON Group Holding Company Ltd, along with its subsidiaries and associated entities, has expressed its intention to acquire shares and management control of TPL Insurance Limited. Read more

• Pakistan strengthens textile footprint at Intertextile Shanghai 2025

Pakistan reaffirmed its strong foothold in the global textile market with the participation of 10 leading companies at the Intertextile Shanghai Apparel Fabrics and Yarn Expo Autumn 2025. Read more

• Internet slows across Asia, Middle East after cable damage

Internet connectivity in several parts of Asia and the Middle East has slowed after undersea cables in the Red Sea were severed, the Associated Press reported Sunday. Read more

• CDC onboards JS Global Capital Limited to RAAST Aggregator

The Central Depository Company of Pakistan (CDC) has successfully integrated JS Global Capital Limited into its RAAST Aggregator Platform, marking another milestone in enabling secure and instant investor fund transfers. Read more

• Saudi Riyal available at PKR 75.35 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

• SCRA inflows offset Rs3.6bn net selling

The SCRA balance increased by Rs1.18bn during the week ending Aug 29, 2025 to close at Rs30.98bn. Read more

• U.S raid on Hyundai EV plant sparks diplomatic tensions with South Korea

Hyundai Motor–LG Energy Solution’s EV battery plant in Georgia came under diplomatic dispute after U.S. immigration authorities detained hundreds of South Korean workers over alleged visa violations. Read more

• Heavy rains threaten Sindh, Balochistan, Punjab

The National Disaster Management Authority (NDMA) has issued a warning of urban flooding in parts of Sindh, Balochistan, and Southern Punjab due to heavy rainfall expected in the coming days. Read more

• Coca-Cola Icecek loses market share in Turkey, Pakistan

Coca-Cola Icecek AS has seen its market share erode in Turkey and Pakistan as boycott campaigns targeting Western brands linked to Israel continue to reshape consumer behaviour across the region. Read more

• Govt directs uninterrupted fuel supply amid flood disruptions

The government have instructed authorities to exercise strict vigilance to ensure the uninterrupted movement of petroleum products as floods continue to disrupt life in several parts of the country. Read more

• China export growth hits six-month low

China’s shipments to the U.S. plunged 33% in August while overall exports growth slowed to its weakest level in six months, as President Donald Trump’s policy targeting transshipments weighed on exports and businesses’ frontloading activity lost momentum. Read more

• 1,100 flood victims get relief in Sahiwal

Flood relief camps in District Sahiwal witnessed the distribution of 1,100 relief packages to affected families under the supervision of Federal Minister for Poverty Alleviation and Social Safety, Syed Imran Ahmed Shah. Read more

• NBP issues foreign exchange rates

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

• Asian shares gain amid political shifts in Japan

Asia-Pacific markets traded mostly higher Monday as investors assessed Japan Prime Minister Shigeru Ishiba’s resignation announcement over the weekend and eyed key economic data in the region. Read more

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