MG Morning Breeze: Updates to Skim before Market

December 12, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP reserves rise to $14.59bn in a week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $11.7 million or 0.08% WoW to $14.59 billion during the week ended on December 05, 2025, data released by the State Bank of Pakistan showed on Thursday. Read more

• PQFTL projects strong growth, eyes Rs23

Pak-Qatar Family Takaful Limited (PQFTL) shares are projected to reach Rs23 per share by December 2026, a strong growth prospects for the company in Pakistan’s takaful sector. Read more

• SECP issues ESG guidelines aligned with Pakistan Green Taxonomy

The Securities and Exchange Commission of Pakistan (SECP) has issued updated ESG Disclosure Guidelines for listed companies, reaffirmed its commitment to strengthening sustainability reporting and supporting Pakistan’s climate transition. Read more

• Pakistan sounds alarm on climate costs, seeks urgent global action

Pakistan has stressed its escalating climate vulnerabilities and the urgent need for accelerated adaptation financing, the country outlined its forward-looking climate and economic strategy at the Global Development Finance Conference Momentum 2025 in Riyadh. Read more

• Car sales rise 52% in November 2025

The sales of cars, including LCVs, vans, and jeeps, in Pakistan increased by 52.9% in November 2025, clocking in at 15,442 units compared to 10,100 units recorded in the same month of last year, the latest data from the Pakistan Automotive Manufacturers Association (PAMA) showed today. Read more

• CCP conducts raids on out-of-home advertising sector

The Competition Commission of Pakistan (CCP) teams have conducted raids on three entities linked with the out-of-home media advertising market in Lahore. Read more

• PKR remains flat against USD

The Pakistani rupee (PKR) was largely stable, inched up by 1.14 paisa against the US dollar in Thursday's interbank session to settle the trade at PKR 280.36 per USD, compared to previous closing of 280.37. Read more

• Fresh amendments filed in Bawany Air Products acquisition move

Bawany Air Products Limited has received an additional corrigendum to the Public Announcement of Intention (PAI) with further amendments made to the earlier PAI relating to the proposed acquisition of 98.76% shareholding and control by Mohabbat Khan and others acting in concert. Read more

• Gold price in Pakistan rises Rs500 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs443,562 per tola, up Rs500. Read more

• PSX Closing Bell: Bears Take the Wheel

The benchmark KSE-100 Index concluded Thursday's trading session at 168,574.69, showing a decrease of 877.17 points or 0.52%. Read more

• Bank deposits increase to Rs35.4tr in November

The total deposits held by scheduled banks have moved up by 0.7% to Rs35.38 trillion in November compared to Rs35.15tr by the end of last month. Read more

• Ashfaq Textile cuts production by 85 looms

Ashfaq Textile Mills Limited (PSX: ASHT) is suspending operations of 85 Sulzer looms out of its total capacity of 243 looms due to unfavorable market conditions in the textile sector. Read more

• Pakistan fuel margins set for major hike

The Pakistani government is moving forward with plans to revise profit margins for Oil Marketing Companies (OMCs) and petroleum dealers on Motor Spirit (MS) and High-Speed Diesel (HSD). Read more

• NTC extends anti-dumping duties on aluminium cans

Read more

• U.S gives Pakistan’s F-16s a high-flying makeover

The United States has approved a major $686 million upgrade for Pakistan’s F-16 fighter jets, aimed at modernizing the fleet and boosting military cooperation between the two countries. Read more

• Liven Pharma signs toll manufacturing agreement with Wimits

Liven Pharma Limited has entered into an official toll manufacturing agreement with Wimits, according to a disclosure submitted to the Pakistan Stock Exchange (PSX). Read more

• Sazgar produces 1,357 four-wheelers, 1,742 three-wheelers in November 2025

Sazgar Engineering Works Limited (PSX: SAZEW) produced 1,357 units and recorded sales of 1,109 units for its four-wheelers, including off-road and passenger vehicles, during November 2025. Read more

• Pakistan, Turkey look to build defence, aviation ties

Turkey has expressed firm interest in pursuing joint manufacturing and technology partnerships in Pakistan’s aviation, aerospace, drone technology and defence production sectors. Read more

• SBP receives $1.2bn from IMF

The State Bank of Pakistan (SBP) has received approximately US$ 1.2 billion from the International Monetary Fund (IMF) under its Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programs. Read more

• PPL discovers oil and gas from Baragzai X-01 well in Nashpa Block

Pakistan Petroleum Limited (PSX: PPL) has reported a significant oil and gas discovery from the exploratory well Baragzai X-01 (Slant) in the Nashpa Block, located in the district Kohat, Khyber Pakhtunkhwa. Read more

• US Fed cuts interest rates by 25bps

The U.S Federal Reserve has lowered its benchmark interest rate by 25 basis points, this brought the federal funds rate to a range of 3.5% to 3.75%, a more cautious approach as economic growth moderates and inflation remains elevated. Read more

• Pakistan steps up climate finance drive in Riyadh

Pakistan has entered key discussions on climate financing and development funding as Finance Minister Muhammad Aurangzeb arrived in Riyadh for the Global Development Finance Conference Momentum 2025. Read more

• CCP, CASS call for reforms to boost Pakistan’s aviation sector

The Competition Commission of Pakistan (CCP) has emphasized the urgent need to modernize Pakistan’s aviation sector to boost economic growth, trade, tourism, and national security. Read more

• Momentum 2025 puts Pakistan back on investors’ radar

Pakistan has re-emerged on the global investment radar, encouraging long-term partners to take a renewed and serious look at the country’s strengthening economic prospects, backed by stabilizing fundamentals, improving ratings, robust market performance, and accelerating structural reforms. Read more

• Asia markets slip after Fed cuts rates again

Asia markets retreated on Thursday, giving up early gains after the U.S. Federal Reserve delivered its third interest rate cut of the year and signaled a pause in easing. Read more

• PQFTL targets Rs1.1bn through IPO, book building opens today

Pak-Qatar Family Takaful Limited’s (PQFTL) IPO book-building will open today, December 11, continuing through December 12, with institutional and high-net-worth investors set to bid for the full 100% issue size. Read more

• KAPCO back online following NEPRA’s tariff decision

Kot Addu Power Company Limited (PSX: KAPCO) has resumed operations and rejoined the national grid after more than ten weeks of suspension that began on October 1, 2025. Read more

• Systems Limited sets stage for Confiz takeover

The Board of Directors of Systems Limited (PSX: SYS) has approved the acquisition of Confiz Pakistan (Private) Limited, along with all its direct and indirect shareholdings in the Confiz Group of Companies, through an amalgamation/merger. 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

• OGDC receives Rs41.8bn from Uch Power

The Oil and Gas Development Company Limited (PSX: OGDC) has reported a significant inflow of Rs41.8 billion from Uch Power (Private) Limited under the government’s ongoing circular debt settlement initiative, according to a notification issued to the Pakistan Stock Exchange (PSX) today. Read more

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