MG Morning Breeze: Updates to Skim before Market

November 27, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP raises around Rs778bn through MTBs, PIB-FRB Auction

The State Bank of Pakistan (SBP) has collectively raised Rs777.69 billion through the latest Market Treasury Bills (MTBs) and the 10-year Pakistan Investment Bond – Floating Rate (PIB-FRB) auction. Read more

• Pakistan proposes GCC, Central Asia, Africa maritime cooperation

Pakistan has put forward a proposal to establish a “Regional Maritime Dialogue” bringing together countries from the Gulf Cooperation Council (GCC), Central Asia, and Africa to address shared maritime challenges, improve cooperation, and influence global maritime policy. Read more

• Pakistan debuts public-private genomics joint venture

In a historic step toward advancing Pakistan’s scientific and technological capabilities, the Federal Minister for National Food Security & Research, Rana Tanveer Hussain, has launched the country’s first-ever public-private genomics joint venture. Read more

• Pakistan, Bahrain strengthen ties as PM visits

Prime Minister Shehbaz Sharif has arrived in Manama, marking a two-day official visit aimed at strengthening Pakistan-Bahrain relations and promoting strategic cooperation between the two nations. Read more

• Govt fully backing new energy, mineral ventures: Minister

The federal government has reiterated its full support for new investments in Pakistan's minerals and energy sectors, terming recent progress on the Reko Diq project’s financing as a "highly encouraging" development for the national economy. Read more

• PSX Closing Bell: You Are the Reason

The benchmark KSE-100 Index concluded Wednesday's trading session at 163,188.53, showing an increase of 1,496.04 points or 0.93%. Read more

• TOMCL secures $5.2m Saudi export deal

The Organic Meat Company Limited (PSX: TOMCL) has secured a significant $5.20 million export order from Al Abeer Cold Store Trading Company of Saudi Arabia for the supply of private label frozen raw meat products, the company’s filing on PSX revealed today. Read more

• SBP Chief calls global competitiveness key to ending boom-bust cycle

Pakistan must shift from short-lived stabilization to an outward-looking, globally competitive growth model if it hopes to break its recurring boom-bust cycles, State Bank of Pakistan (SBP) Governor Jameel Ahmad said. Read more

• PKR remains flat against USD

The Pakistani rupee (PKR) gained by 0.80 against the US dollar in Wednesday's interbank session to settle the trade at PKR 280.56 per USD, compared to previous closing of 280.57. Read more

• Reko Diq to pour $74bn into Pakistan’s gold market

Pakistan’s long-awaited Reko Diq copper-gold project could inject up to $74 billion into the economy over its 37-year life cycle. Read more

• IMF sets Dec 8 for Pakistan loan review

The International Monetary Fund (IMF) Executive Board has scheduled a meeting for December 8 to review Pakistan’s progress under its ongoing loan programs, a key step toward releasing approximately $1.2 billion in financing, according to Bloomberg News. Read more

• Hinopak Motors swings back to profit in 1HFY26

Hinopak Motors Limited (PSX: HINO) returned to profitability in the half year ended September 30, 2025, posting a profit after tax of Rs540.3 million, compared to a loss of Rs47.2m in the same period last year. Read more

• Amreli Steels gets SECP nod for Rs1bn share issuance to sponsor

Amreli Steels Limited (PSX: ASTL) has received approval from the Securities and Exchange Commission of Pakistan (SECP) to issue 40 million ordinary shares of Rs10 each at a subscription price of Rs25 per share, including a premium of Rs15, to existing sponsor Shayan Akberali. Read more

• Nadeem Nisar crosses 10% shareholding in Sitara Peroxide

Nadeem Nisar has officially increased his stake in Sitara Peroxide Limited, crossing the 10% ownership threshold. Read more

• How much is Altern Energy forgoing while terminating key power, gas agreements?

Altern Energy Limited (PSX: ALTN) has agreed to forego a Rs40 million claim related to RLNG differential pricing as part of a newly initialled Termination Agreement (TA), the company informed the Pakistan Stock Exchange (PSX) on Wednesday. Read more

• Pakistan drives towards sustainable transport

The government is focused on developing energy-efficient highways, promoting green mobility, and reducing the environmental footprint of transport operations, while ensuring safer, faster, and more reliable connectivity for citizens and regional partners, said the Federal Minister for Communications, Mr. Abdul Aleem Khan, on World Sustainable Transport Day. Read more

• Gold price in Pakistan climbs Rs2,300 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs438,862 per tola, up Rs2,300. Read more

• Pakistan, Iran prioritize rail link to boost trade and connectivity

Pakistan and Iran have reaffirmed their commitment to strengthening regional connectivity, with a special focus on enhancing the rail link between the two neighboring countries to boost trade and tourism Read more

• Pakistan, Azerbaijan agree to accelerate trade and investment cooperation

Pakistan and Azerbaijan reaffirmed their commitment to strengthening economic cooperation as the two countries reviewed ongoing collaboration in trade and investment and agreed to accelerate efforts to diversify and expand bilateral economic ties across multiple sectors. Read more

• LFS 2024-25: Pakistan’s jobless rate rises to 7.1% under new global metrics

Pakistan’s unemployment rate has reached 7.1% under the updated global labour standards adopted in the latest Labour Force Survey (LFS) 2024-25, showing a major shift in how employment is measured nationwide. Read more

• Suno, Warner Music strike agreement on AI music

US-based artificial intelligence music platform Suno has entered into a partnership with Warner Music Group, marking a major step forward in the rapidly expanding field of AI-driven music creation. Read more

• Asia shares climb as investors eye potential fed pivot

Asia-Pacific markets advanced on Wednesday, taking cues from a strong rebound on Wall Street as expectations grew that the U.S. Federal Reserve could cut interest rates in December. Read more

• Political unrest poses credit risk for APAC sovereigns in 2026: Fitch

Fitch Ratings has warned that political instability will continue to pose a significant credit risk for several Asia-Pacific emerging market sovereigns in 2026, following a year marked by unrest in Indonesia, the Maldives, Mongolia, Nepal, and the Philippines. Read more

• Pakistan produces 25m mobile phones in 10MFY25

Local mobile assembly and manufacturers have produced 25.11 million mobile phones for the 10 month period of the ongoing calendar year (Jan-Oct 2025), while commercial imports totaled 1.7m. Read more

• Lucky Core Industries denies reports of divesting pharma units

Lucky Core Industries Limited (LCI) has rejected recent media reports suggesting that global pharmaceutical companies, including ICI Pakistan Ltd. (now LCI), have divested their local manufacturing operations over the past three years. Read more

• Govt scraps 0.25% export levy to ease costs for industry

To reduce cost pressures on exporters and strengthen the country’s position in global markets, the government has abolished the 0.25% Export Development Surcharge (EDS). Read more

• NBP issues foreign exchange rates

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

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