MG Morning Breeze: Updates to Skim before Market

November 19, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• AAOIFI pauses Sukuk rule change amid investor backlash

The global authority for Islamic finance is holding off on a planned change to rules for sukuk after an outcry from investors that the move would upend the $1 trillion market, Bloomberg reported. Read more

• Standard Chartered, IFC expand $400m facility to support exporters

Standard Chartered Bank Pakistan and the International Finance Corporation (IFC), a member of the World Bank Group, have agreed to a $400 million Risk-Participation Facility to support short-term trade and working capital financing for major Pakistani exporters and corporates. Read more

• ECC approves key grants for security, defence projects, and structural reforms

The Economic Coordination Committee (ECC) of Pakistan’s Cabinet approved over Rs 50 bn in Technical Supplementary Grants (TSGs) on Monday to fund defence projects, border security operations, and internal security initiatives. Read more

• Tribunal remands Al-Ghazi case to CCP for fresh proceedings

The Competition Appellate Tribunal, Islamabad has remanded the Al-Ghazi Tractors Limited case back to the Competition Commission of Pakistan (CCP) for fresh proceedings from the stage of the show cause notice. Read more

• Pakistan, Denmark signal deeper economic and energy cooperation

Pakistan and Denmark are moving to strengthen economic and energy-sector cooperation, with discussions focusing on investment conditions, infrastructure projects, and climate finance reforms. Read more

• Gold slips as fed rate-cut hopes fade

Gold prices slipped to their lowest level in more than a week on Tuesday, pressured by diminishing expectations of a U.S. Federal Reserve rate cut next month and uncertainty ahead of key economic data releases. Read more

• Oil slips as Russian exports resume after brief halt

Oil prices edged lower on Tuesday, falling nearly 1%, after supply worries eased with the swift resumption of crude loadings at Russia’s Novorossiysk export hub. Read more

• PKR inches up, closes at 280.67 against USD

The Pakistani rupee (PKR) increased by 3.80 paisa against the US dollar in Tuesday's interbank session to settle the trade at PKR 280.67 per USD, compared to previous closing of 280.71. Read more

• SRVI sets sights on global expansion, higher production

Service Industries Limited (PSX: SRVI) shared a positive outlook in its latest corporate briefing, highlighting plans to expand into new global markets, broaden its retail product range, and significantly increase tyre production capacity heading into FY26. Read more

• PSX Closing Bell: Taking a Step Back

The benchmark KSE-100 Index concluded Tuesday's trading session at 160,935.13, showing a decrease of 752.05 points or 0.47%. Read more

• CCP clears acquisition of Total System Services LLC by Fidelity Information Services Inc

The Competition Commission of Pakistan (CCP) has approved the acquisition of Total System Services LLC (TSYS) by Fidelity National Information Services Inc. (FIS) from Global Payments Inc. Read more

• Barkat Frisian Agro sets up subsidiary in dubai freezone

Barkat Frisian Agro Limited (PSX:BFAGRO) has established a wholly owned subsidiary, Barkat Frisian Agro Global L.L.C-FZ, in the Meydan Freezone, Dubai, U.A.E. Read more

• Bitcoin breaks below $90K, dragging crypto markets to multi-month lows

Bitcoin is leading a fresh wave of volatility across the cryptocurrency market, plunging below $90,000 and hitting its lowest level since late April. Read more

• PSX resumes Green GIS trading with new profit rate

Trading in the 3-Year Variable Rental Rate (VRR) Green Government Ijarah Sukuk (GIS) at the Pakistan Stock Exchange (PSX) will resume on Wednesday, November 19, 2025, following a temporary suspension. Read more

• ECC approves new offshore consortium

Pakistan’s drive to accelerate offshore oil and gas exploration received a major boost today as the Economic Coordination Committee (ECC) approved a new partnership structure for the Eastern Offshore Block-C bringing together leading international and domestic exploration and production (E&P) companies. Read more

• Lucky, 5th Pillar team up on free pension takaful

Lucky Investments Limited and 5th Pillar Family Takaful have signed an agreement to provide complimentary Takaful coverage to all contributors in the Lucky Islamic Pension Fund (LIPF), adding a layer of Shariah-compliant financial protection to Pakistan’s private retirement savings market. Read more

• Gold price in Pakistan falls Rs7,000 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs423,662 per tola, down Rs7,000. Read more

• Govt engages global leaders on fiscal and infrastructure reforms

The govt presented its economic reform progress and investment potential to an international delegation, highlighting macroeconomic stabilization, structural reforms, and plans to re-enter global capital markets. Read more

• Breakup of trade data in October: PBS

Pakistan's trade deficit in October 2025 narrowed by 2% MoM to $3.28 billion, compared to $3.35bn in September 2025, according to provisional data released by the Pakistan Bureau of Statistics (PBS). Read more

• Matco to list Falak Foods with 25% public offering

Matco Foods Limited (PSX: MFL) says its Board has decided to list its wholly owned subsidiary, Falak Foods (Pvt.) Limited, as a separate legal entity on the Pakistan Stock Exchange. Read more

• Bank deposits decrease to Rs35tr in Oct

Scheduled banks’ total deposits eased marginally by 0.2% to Rs35.15 trillion in October, down from Rs35.21 trillion recorded at the end of September. Read more

• Govt retires Rs149bn debt in a week

The government of Pakistan has retired a debt of Rs148.91 billion during the week ended November 07, 2025, which brings its total net retirement for ongoing fiscal year 2026 to Rs1.26 trillion, according to the central bank's weekly estimates. Read more

• M2 falls by Rs343bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs342.67 billion WoW to Rs39.91 trillion as of November 07, 2025, data released by State Bank of Pakistan (SBP) showed. Read more

• Pakistan, China boost security cooperation

Bilateral relations between Pakistan and China received a renewed boost as both sides discussed matters of mutual interest, with a particular focus on security and counter-terrorism cooperation. The meeting stressed the depth of the strategic partnership and the shared commitment to regional stability. Read more

• Pakistan opens new diplomatic terms with arrival of four envoys

Pakistan received four newly appointed foreign envoys on Tuesday, a development that signals Islamabad’s push to deepen economic, security and diplomatic engagement with Australia, Mauritius, Denmark and the United Arab Emirates. Read more

• NetSol transfers 24,310 treasury shares to employees

NetSol Technologies Limited (PSX: NETSOL) has notified the Pakistan Stock Exchange of the transfer of treasury shares to eligible employees under its Employees Stock Option Scheme (ESOS). Read more

• Pakistan, Korea move toward joint seed potato centre to cut costly imports

Pakistan and South Korea have begun formal talks on a plan to establish a Seed Potato Production and Supply Centre in Islamabad, a move that could ease Pakistan’s dependence on imported seed and address persistent shortages in the country’s potato supply chain. 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

• Asia markets turn lower after U.S. tech sell-off deepens

Asia markets declined on Tuesday, mirroring a tech-driven downturn in the U.S. markets. Read more

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