MG Morning Breeze: Updates to Skim before Market

January 03, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• PKR in 2024: The Climb to Stability

Turning the tide in 2024, the Pakistani Rupee (PKR) ended 2024 with a minor yet significant gain of 1.174% or PKR 3.31. Read more

• PTC urges govt to reassess CPP gas price hike to Rs4,000/MMBtu

The Pakistan Textile Council (PTC) has issued a pressing appeal to the government to reconsider the anticipated increase in gas prices for captive power. Read more

• Saudi Riyal to PKR exchange rate

The exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) showed minor movements against the Pakistani rupee (PKR) in today’s. Read more

• Turkish consortium submits low bid for Islamabad airport

A Turkish consortium, the sole bidder for taking over operations of Pakistan’s Islamabad airport. Read more

• Exchange companies hit $7bn milestone in 2024

Pakistan’s exchange companies reached a remarkable milestone in 2024. Read more

• VEON invests $15mn in Pakistan’s Mobilink Bank

VEON Group, a global digital operator, has reaffirmed its commitment to Pakistan’s. Read more

• SBP reserves fall $143m to $11.71bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $143 million or 1.21% WoW to $11.71. Read more

• PBS unveils policies to attract FDI, boost economic growth

To boost economic growth in sectors like agriculture, tourism, textiles, manufacturing, and Information Technology (IT), and reduce major hurdles in. Read more

• Minister Leghari calls for implementation of ECBC 2023

The implementation of the Energy Conservation Building Code 2023 (ECBC-2023). Read more

• Domestic cement dispatches drop by 4.76% in Dec 2024

According to data released by the All Pakistan Cement Manufacturers. Read more

• Thatta cement company achieves CE certification

Thatta Cement Company Limited (PSX: THCCL) has successfully acquired the Certificate of Consistency. Read more

• PSX Closing Bell: The Big Bull

The benchmark KSE-100 Index concluded Thursday’s trading session at 117,119.65, showing an increase of 111.57 points or 0.10%. Read more

• Export-led growth as key to economic progress: PM

Export-led growth has been emphasized as a crucial strategy for driving Pakistan’s. Read more

• FM stresses effective management for economic stability

To strengthen macroeconomic stability and create conditions conducive to high and sustained inclusive growth, the Federal Minister for Finance and Revenue. Read more

• PKR loses 9 paisa against USD

The Pakistani rupee (PKR) depreciated by 9.23 paisa or 0.03% against the US dollar in Thursday’s interbank. Read more

• PM hails inflation drop as positive sign

Pakistan’s inflation rate has fallen to 4.1%, the lowest level in 81 months. Read more

• Gold price in Pakistan rises Rs1,100 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold. Read more

• Pak-US to enhance trade, investment ties

Pakistan and the United States aim to strengthen bilateral relationships, particularly in the areas of trade, investment, and economic cooperation, by. Read more

• SIFC secures $250mn investment for EV industry expansion

The Special Investment Facilitation Council (SIFC) is promoting the electric vehicle (EV) industry, with $250 million in private investment directed into the. Read more

• Russia’s gas supply to Europe stops as Ukraine ends transit

Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year’s Day, marking the end of decades of Moscow’s dominance over. Read more

• Indonesia delays biodiesel rollout, traders await guidelines

Indonesia has yet to implement a higher mandatory blend of biodiesel. Read more

• China’s factory growth slows in Dec amid declining export orders

China’s factory activity grew in December but at a slower-than-expected pace. Read more

• Asia’s factory activity slows as trade risks increase

Asia’s factory powerhouses ended 2024 on a soft note. Read more

• FBR seeks OMCs’ response on refinery upgrades

The Federal Board of Revenue (FBR) has requested Oil Marketing Companies (OMCs) to submit a formal response regarding the Pakistan Oil Refining Policy for the. Read more

• OMO Result: SBP injects Rs823.45bn

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based. Read more

• Oil prices edge up as China aims for economic revival

Oil prices nudged higher on Thursday, the first day of trade for 2025. Investors returning from holidays cautiously eyed a recovery in China’s economy and. Read more

• Spot gold market maintains upward trend heading into 2025

Gold spot prices increased by 0.39% ($10.14) at $2,634.33 per ounce, as of [11:43 am PST] from the prior day’s close of $2,624.26 per ounce. Read more

• Indonesia’s 2024 budget deficit lower than 2.7% of GDP projection

Indonesia’s budget deficit for the 2024 fiscal year came in below the government’s most recent estimate of 2.7% of gross domestic product, Finance Minister. Read more

• Oil sales rise 3% to 1.28m MTs in Dec

The sales of oil marketing companies (OMCs) increased by 3.2% to 1.28 million Metric Tons (MTs) in December 2024 compared to 1.24m MTs in December 2023, data. Read more

• IP protection urged to accelerate innovation in Pakistan

The importance of intellectual property protection in promoting economic growth, innovation, and entrepreneurship in Pakistan is outlined by Chairperson. Read more

• Hutchison, AD Ports Commit $1.33bn to Karachi port by 2028

Hutchison Ports has committed $1 billion, while Abu Dhabi’s AD Ports Group. Read more

• Indonesia’s inflation climbs to 1.57% in Dec, shows modest rise

Indonesia’s annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday. Read more

• RCCI calls for action on business, pharma sector issues

A delegation from the Rawalpindi Chamber of Commerce and Industry (RCCI) discussed key issues faced by the business community and the pharmaceutical industry. Read more

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