MG Morning Breeze: Updates to Skim before Market

December 05, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• KSA extends $3bn deposit with Pakistan for another year

The Saudi Fund for Development (SFD), representing the Kingdom of Saudi Arabia, has extended the term of a $3 billion deposit with the State Bank of Pakistan (SBP) for an additional year. Read more

• Govt domestic debt, liabilities rise to around Rs54tr in October

The total government domestic debt and liabilities have increased by 13.96% to Rs54.18 trillion in October 2025, compared to Rs47.54tr in October 2024, the latest data released by the State Bank of Pakistan (SBP) showed. Read more

• SCRA ends week above Rs30bn

The SCRA balance increased by Rs.395.85 million during the week ending Nov 28, 2025 to close at Rs.30.25bn. Read more

• National Savings Schemes sees over Rs27bn inflow in Oct

Pakistan’s National Savings Schemes recorded net inflows of Rs27.3 billion in October 2025, supported primarily by renewed investor interest in Regular Income Certificates (RIC) and Special Savings Certificates (SSC), according to State Bank of Pakistan data. Read more

• FPCL joins Mari Energies and TPOC for offshore exploration

Fatima Petroleum Company Limited (FPCL), a wholly-owned subsidiary of Fatima Fertilizer Company Limited (PSX:FATIMA), has entered into partnerships with Mari Energies and Turkish Petroleum Overseas Company (TPOC) for the offshore blocks named Deep C and Deep F. Read more

• Central govt debt surges to Rs77tr in October

The total debt of the central government rose by 11.38% YoY to Rs76.98 trillion in October 2025, compared to Rs69.11tr in October 2024, the data released by the State Bank of Pakistan (SBP) showed. Read more

• PKR stays flat at 280.45 per USD

The Pakistani rupee (PKR) strengthened by 1.15 paisa against the US dollar in Thursday's interbank session to settle the trade at PKR 280.45 per USD, compared to previous closing of 280.46. Read more

• PSX Closing Bell: Hold On, We’re Going Up

The benchmark KSE-100 Index concluded Thursday's trading session at 166,283.55, showing an increase of 138.21 points or 0.08%. Read more

• JS Group cleared of allegations, court rejects TRG Pakistan’s claims

Jahangir Siddiqui & Co. Ltd. (PSX: JSCL) has been vindicated in a major legal development after a Karachi court dismissed the suit filed by TRG Pakistan Limited (“TRGPL”) and others, declaring it barred by law. Read more

• Thatta Cement refutes liquidity crunch rumors

Thatta Cement Company Limited (PSX: THCCL) has categorically refuted recent reports circulating on social media regarding a severe liquidity crisis, clarifying that its strategic investment of Rs6.5 billion has nearly doubled in value, according to a filing made to the Pakistan Stock Exchange (PSX) on Thursday. Read more

• Sindh Bank secures upgrade to ‘AA’ long-term rating

Sindh Bank Limited (SNDB) has received an upgrade in its long-term entity rating to ‘AA’ from ‘AA-’, with its short-term rating reaffirmed at ‘A1+’. Read more

• Islamabad–Tehran–Istanbul Train set for resumption

Pakistan–Iran cooperation is set to deepen as both countries agreed to resume the Islamabad–Tehran–Istanbul (ITI) Train this year, a major step toward boosting regional connectivity and cross-border trade. Read more

• VIS upgrades Maple Leaf Cement’s entity rating to A+

VIS Credit Rating Company Limited (VIS) has upgraded the medium to long-term entity rating of Maple Leaf Cement Factory Limited (PSX:MLCF) from A (Single A) to A+ (Single A Plus), while reaffirming its short-term rating at A1 (A One). Read more

• Govt finally kicks off long-awaited 11th NFC talks

The government has officially begun the long-awaited 11th National Finance Commission (NFC) discussions which is a crucial process that will decide how federal funds are shared with provinces at a time of tight budgets and post-flood recovery. Read more

• Gold price in Pakistan falls Rs1,700 per tola

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs441,462 per tola, down Rs1,700. Read more

• Bank Alfalah confirms acceptance of non-binding offer by Ghazanfar Bank

Bank Alfalah Limited (PSX:BAFL) is moving forward with the potential sale of its Afghanistan operations after receiving a non-binding offer from Ghazanfar Bank, Afghanistan. Read more

• Pak Qatar General Takaful files draft prospectus ahead of IPO

Pakistan’s first dedicated Islamic General Takaful Company , Pak Qatar General Takaful Limited (PQGTL), is set to go public as it has placed its draft prospectus on the Pakistan Stock Exchange (PSX), inviting public feedback ahead of its Initial Public Offering (IPO). Read more

• K-Electric, DP World to build a 132 kV grid station at QICT

K-Electric and DP World have signed an agreement to build a dedicated 132 kV grid station at Pakistan’s Qasim International Container Terminal (QICT), ensuring a reliable 26MW power supply to support the terminal’s expanding operations and the country’s growing role in global trade. Read more

• PIA privatisation bidding set for December 23

Pakistan International Airlines (PIA) is set to move into the final phase of privatisation, with competitive bidding scheduled for December 23, 2025. Read more

• Financial inclusion for women hits 52% in Pakistan

Women’s financial empowerment in Pakistan has reached a milestone, with inclusion rates soaring to 52%, a transformative shift in the country’s economic landscape and a narrowing gender gap in access to financial services. Read more

• Gold retreats slightly, eyes on upcoming Fed meeting

Gold dipped on Thursday as traders locked in profits and took a cautious approach ahead of the upcoming U.S. Federal Reserve meeting. Read more

• Petroleum supply chain reforms back on the table

The government is evaluating a new set of industry-driven reforms to overhaul Pakistan’s petroleum supply chain, following a meeting between Federal Minister for Petroleum Ali Pervaiz Malik and representatives of the Oil Marketing Association of Pakistan (OMAP) and the Oil Companies Advisory Council (OCAC) on Tuesday. Read more

• MEHT apparel unit to transfer to MG Apparel Limited following demerger

Mahmood Textile Mills Limited (PSX: MEHT) has undergone a corporate restructuring following approval from the Lahore High Court. Read more

• Big Bird spreads wings

Big Bird Foods Limited (PSX: BBFL) has significantly expanded its modern-trade retail presence by entering into partnerships with four major retail chains. Read more

• Govt boosts Pakistan–FAO momentum for climate smart agriculture

The government advanced its agricultural development agenda as Pakistan and the UN’s Food and Agriculture Organization (FAO) reaffirmed progress on climate resilience, research-focused growth, and farmer-centered reforms. Read more

• Asia markets diverge ahead of Fed cut hopes next week

Asian markets were uneven on Thursday, following gains on Wall Street fueled by rising expectations that the U.S. Federal Reserve may lower interest rates next week after weak employment data. Read more

• NBP issues foreign exchange rates

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

• IHC suspends PSL director elections, stays transfer of controlling interest

The Islamabad High Court (IHC) has suspended the upcoming election of directors of Pakistan Services Limited (PSX: PSEL) and issued a stay order against the transfer of a controlling 56% shareholding in the company, following a petition filed by Murtaza Hashwani alleging illegal transfer of shares. Read more

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