MG Morning Breeze: Updates to Skim before Market

September 15, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Banks Prioritize Government Securities as Deposits and Investments Rise

The banking sector in Pakistan demonstrated continued expansion in August 2025, with scheduled banks recording a notable increase in total deposits and a stable trend in advances. Read more

• Weekly Market Roundup

The week at the Pakistan Stock Exchange was a tug of war between cautious optimism and nagging uncertainty. After trading mostly sideways, the KSE-100 Index managed to close at 154,439.68 points, posting a modest weekly gain of 162 points (0.1% WoW). Read more

• PVARA seeks global partners to build secure, inclusive digital finance ecosystem

Pakistan has taken a significant step toward regulating its digital economy as the Pakistan Virtual Asset Regulatory Authority (PVARA) issued a call for Epressions of Interest (EoI) from established global exchanges and Virtual Asset Service Providers (VASPs) seeking to enter the country’s growing virtual assets market Read more

• Key Pakistan Market Stats and Economic Indicators

Weekly roundup of Key Economic releases and market data and statistics Read more

• Wheat prices break past official ceilings

Pakistan’s efforts to tame food inflation through price ceilings are faltering as the price of wheat and flour trading is well above government-notified levels across major cities. Read more

• SECP issues draft Actuarial Valuation Rules, 2025 for public consultation

The Securities and Exchange Commission of Pakistan (SECP) has issued the draft Actuarial Valuation Rules, 2025, for public consultation which introduces a new framework for the valuation of insurance contract assets and liabilities across both Life and Non-Life Insurance and Takaful businesses. Read more

• CCP approves AZT Foundation’s acquisition of Route2Health

The Competition Commission of Pakistan (CCP) has approved the acquisition of shareholding in Route2Health (Private) Limited by AZT Foundation from Mr. Tausif Ahmad Khan, Mrs. Zainub Abbas, and Mr. Javaid Hussain under a Share Purchase Agreement. Read more

• SBP updates IFRS 9 rules for microfinance banks

The State Bank of Pakistan (SBP) has revised the classification and provisioning requirements for Microfinance Banks (MFBs) under the implementation of International Financial Reporting Standard 9 (IFRS 9), according to a circular letter issued to the Presidents/Chief Executives of all MFBs. Read more

• PSX Closing Bell: The Tide Turns Red

The benchmark KSE-100 Index concluded Friday's trading session at 154,439.68, showing a decrease of 1,701.56 points or 1.09%. Read more

• PKR ends week with flat trade at 281.55

The Pakistani Rupee (PKR) concluded the trading week with a flat performance against the US Dollar (USD), holding its ground after a period of marginal but consistent appreciation to close at Rs281.55 in the interbank market. Read more

• RDA attracts $164m in August

Total inflows into Roshan Digital Accounts (RDA) during August, 2025 stood at USD 164 million, bringing the total cumulative inflows into RDA to USD 10,912 million. Read more

• SMEDA board approves restructuring, CEO hiring

The Board of the Small and Medium Enterprises Development Authority (SMEDA) has decided to restructure the organization, establish new regional offices and initiate the process for appointing a new chief executive officer (CEO). Read more

• Gold price in Pakistan rises Rs2500 per tola

Gold price in Pakistan increased on Friday, with 24-karat gold being sold at Rs386,500 per tola, up Rs2,500. Read more

• Weekly SPI decreases by 0.02%

Pakistan's short-term inflation decreased by 0.02% compared to the previous week, while it rose by 5.03% compared to the same period last year, the Pakistan Bureau of Statistics (PBS) reported on Friday. Read more

• OMO Result: SBP injects Rs12.5tr

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 Rs12.5 trillion into the market of which Rs12.2tr were injected through reverse repo OMO. Read more

• First National Equities Limited expands into real estate and infrastructure

FNE Developments (Private) Limited, a subsidiary of First National Equities Limited (FNEL), commenced operations. Read more

• Image REIT IPO book-building concludes, strike price set at Rs10.01

Image REIT (IREIT) has completed the book-building phase of its Initial Public Offering (IPO), with the issue being oversubscribed by 2.1 times. The strike price was set at Rs10.01 per unit, following the book-building process conducted on September 10 and 11, 2025. Read more

• BFAGRO posts 95% jump in net profit for FY25

Barkat Frisian Agro Limited (PSX: BFAGRO) has informed its financial results for the year ended June 30, 2025, revealing a substantial increase in profitability, driven by strong sales and operational efficiency. The company, however, did not declare a dividend for the year. Read more

• AT-Tahur Limited approves wholly owned subsidiary

AT-Tahur Limited (“the Company”) (PSX:PREMA) has approved the establishment of a wholly owned subsidiary in Pakistan, subject to regulatory approvals, and fixed the number of Directors at seven for the upcoming Annual General Meeting. Read more

• Barkat Frisian Agro commits Rs690m to backward integration in egg supply chain

Barkat Frisian Agro Limited (PSX: BFAGRO) has made a Rs 690m investment aimed at backward integration in its supply chain through the development of poultry layer farming facilities. Read more

• Citi Pharma enters veterinary market with new subsidiary

Citi Pharma Limited (PSX: CPHL) is entering the veterinary healthcare market with its wholly-owned subsidiary, Citi Veterinary Limited, which has formally commenced trading operations. Read more

• CDWP approves 7 development projects worth Rs236bn

The Central Development Working Party (CDWP) approved seven development projects worth over Rs236 billion, three of which were valued at Rs8bn cleared at the CDWP level and four major schemes worth Rs228bn recommended to the Executive Committee of the National Economic Council (ECNEC) for final approval. Read more

• Thal Limited declares total dividend of Rs10 per share; profit drops 14%

Thal Limited (PSX: THALL) informed its financial results for the year ended June 30, 2025, reporting a decline in profitability despite a rise in revenue. Read more

• Govt moves to curb fertilizer price manipulation

The government has decided to block any unjustified increase in fertilizer prices to protect farmers already struggling with rising cultivation costs and losses from recent floods. Read more

• Thal Limited approves subsidiary to build grain storage, milling facility

Thal Limited’s Board of Directors, in a meeting held on September 11, 2025, approved the incorporation of a wholly owned subsidiary in Karachi under the Companies Act, 2017. The subsidiary, to be formed as a private company limited by shares, will set up a high-quality storage facility for major grains including wheat and corn. Read more

• SBP updates Foreign Exchange Manual

The State Bank of Pakistan (SBP) has unveiled significant updates to its Foreign Exchange (FE) Manual, consolidating various amendments that were previously issued through FE Circulars and Circular Letters. Read more

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