MG Morning Breeze: Updates to Skim before Market

January 14, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Oil prices surge 2% to 4-month high amid U.S. sanctions on Russian oil

Oil prices climbed about 2% to a four-month high on Monday on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to. Read more

• SBP Governor reaffirms commitment to financial inclusion

In a bid to increase financial inclusion across Pakistan, Governor of the State Bank of Pakistan, Jameel Ahmad, reiterated the central bank’s commitment. Read more

• Pakistan to establish stable policy framework for private sector growth

The Government of Pakistan’s unwavering commitment to providing a stable policy framework and continuity empowers the private sector to lead the country. 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

• CCP approves acquisition of 94.8% stake in FINCA Microfinance Bank

The Competition Commission of Pakistan (CCP) has approved the acquisition of a 94.8% shareholding in FINCA Microfinance Bank Limited by TPL Corp Limited and. Read more

• ENGRO to delist from PSX, effective January 14

Engro Corporation Limited (ENGRO) will be delisted from the Exchange effective Tuesday, January 14, 2025, according to the company’s filing with the PSX. Read more

• GIS Rental Payment Due on January 24, 2025

The rental payment for Fixed Rental Rate (FRR) and Variable Rental Rate (VRR) Government Ijarah Sukuk (GIS), issued through the primary market auction on. Read more

• Gold price in Pakistan falls Rs1,500 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs279,300 per tola, down Rs1,500. Read more

• Imperial Limited’s Hydroponics Project set for harvest in 4 months

Imperial Limited (PSX: IML) is progressing with its Hydroponics Project, with seeding operations scheduled to begin in February and the first harvest. Read more

• FFC public offer for AGL concludes with 7.8mn shares

Fauji Fertilizer Company Limited (PSX: FFC) has concluded its public offer for Agritech Limited (PSX: AGL), receiving. Read more

• SECP, FPCCI hold seminar on corporatization, digitization

To promote an understanding of the benefits of corporatization and the digitization journey. Read more

• China vehicle export growth to slow in 2025

China’s vehicle exports are expected to grow 5.8% to 6.2 million units this year. Read more

• PSX Closing Bell: Green Thumb

The benchmark KSE-100 Index concluded Monday’s trading session at 114,230.06, showing an increase of 982.77 points or 0.87%. Read more

• Macpac Films invests in advanced coating technology

Macpac Films Limited (PSX: MACFL) has made a strategic investment in an advanced Thermal Extrusion Coating Machine. Read more

• PKR falls 10 paisa against USD

The Pakistani rupee (PKR) depreciated by 10 paisa or 0.04% against the US dollar in Monday’s interbank session to settle the trade at PKR 278.68 per USD. Read more

• CM Punjab sanctions Rs62bn for affordable housing

The Punjab government has allocated Rs62 billion for the “Apni Chhat, Apna Ghar”. Read more

• U.S. sanctions drive China, India to find Russian oil alternatives

Chinese and Indian refiners will source more oil from the Middle East, Africa. Read more

• GATM’s Designer’s Linen partners with Roberto Cavalli

Gul Ahmed Textile Mills Limited (PSX: GATM), through its New York-based venture, Designer’s Linen Inc., has entered into a multi-year exclusive licensing. Read more

• PACRA maintains entity ratings of KOHC

Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Kohat Cement Company Limited. Read more

• Pakistan, Saudi Arabia sign 2025 Hajj agreement

Pakistan and Saudi Arabia signed the annual Hajj agreement in 2025, introducing a short Hajj program of 20 to 25 days to make the Hajj journey longer. Read more

• Pakistan targets 75% financial inclusion, 25% gender gap by 2028 under NFIS

Pakistan has set ambitious targets for the National Financial Inclusion Strategy (NFIS) 2024-28 to increase the level. Read more

• Pakistan to debut yuan-denominated bonds in 2025 to boost finances

Pakistan is preparing to debut yuan-denominated bonds this year to strengthen its finances, said Finance Minister Muhammad Aurangzeb. Read more

• Spot gold drops as U.S. jobs data strengthens dollar

Gold spot prices decreased by 0.01% ($0.19) at $2,689.18 per ounce, as of [11:22 pm PST] from the prior day’s close of $2,689.37 per ounce. Read more

• FBR set to purchase 1,010 Honda City cars worth Rs6bn

The Federal Board of Revenue (FBR) is planning to purchase 1,010 Honda City 1.2L CVT cars worth Rs6 billion. Read more

• Pakistan’s economy to grow 3.4% in 2025, 4.2% by 2026, UN reports

Pakistan’s economy is projected to experience a modest expansion. Read more

• Oil prices surge as U.S. sanctions disrupt Russian oil exports to Asia

Oil prices rose for a third session on Monday, with Brent surpassing $81 a barrel. Read more

• Pakistan to showcase rich mining opportunities at FMF

Pakistan’s delegation is set to showcase the country’s rich mining potential at the Future Minerals Forum (FMF), scheduled to take place from January 14 to 16. Read more

• MZNPETF starts portfolio rebalancing process

Meezan Pakistan Exchange Traded Fund (MZNPETF)  is starting the process of rebalancing its portfolio today. Read more

• Missed opportunity: How Pakistan could have transitioned to an interest-free economy in 2024

In 2024, Pakistan stood at a historic crossroads. With the Pakistani rupee stabilizing and inflationary pressures easing, there was a golden opportunity to. Read more

• VIS reaffirms entity ratings of PTCL

VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Pakistan Telecommunication Company Limited. Read more

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