MG Morning Breeze: Updates to Skim before Market

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

• Engro Fertilizers opens Markaz Centre in Muridke

To support the government’s efforts in ensuring the availability of high-quality fertilizers. Read more

• ECC approves gas tariff hike for industry, rejects domestic increase

The Economic Coordination Committee (ECC) has decided not to increase the gas tariff for domestic consumers while endorsing a hike in the tariff for captive. Read more

• Private sector credit falls by Rs234bn in a week

Private sector credit (PSC) dropped by Rs234.16 billion WoW to Rs10.27 trillion as of January 17, 2025. Read more

• Govt retires Rs15bn debt in a week

The government of Pakistan has retired a debt of Rs15.27 billion during the week ended January 17, 2025, which brings its total net retirement. Read more

• M2 falls by Rs267bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs266.67 billion WoW. Read more

• Pakistan gains direct access to Europe with HMM’s INX service

South Korean shipping company HMM has launched the India North Europe Express. Read more

• Dollar faces biggest weekly loss in over a year

The U.S. dollar slid on Friday and was set for its biggest weekly loss in over a year after. Read more

• Weekly Market Roundup

The equity market kicked off the week on a positive note, buoyed by investor optimism over the continuation of monetary. Read more

• Fed to hold rates steady amid Trump policy pressures

U.S. Federal Reserve policymakers meeting next week are expected to keep interest. Read more

• PSX issues list of eligible securities for trading in DFC market

The Pakistan Stock Exchange (PSX) has conducted its Quarterly Review exercise of Futures Eligible Securities. Read more

• Govt focusing on long term economic sustainability: Khurram Schehzad

The government is focusing on long-term fiscal sustainability, and key reforms have been initiated to optimize public finance, said the Advisor to the. Read more

• Key Pakistan Market Stats and Economic Indicators

Market Data and Economic Indicators. Read more

• FinMin meets SCB CEO, discusses bank’s expansion in Pakistan

On the sidelines of the World Economic Forum Annual Meeting in Davos, the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met Bill. 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

• Pakistani exporters secure $3bn in Heimtextil orders

Pakistani exporters secured $3 billion in export orders at Heimtextil, the world’s largest textile. Read more

• BoJ hikes interest rates to 17-year high, yen surges

The Bank of Japan (BoJ) raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts. Read more

• PSX Closing Bell: Fields of Gold

The benchmark KSE-100 Index concluded Friday’s trading session at 114,880.48, showing an increase of 842.69 points or 0.74%. Read more

• OCAC seeks urgent OMC margin revision to prevent losses

The Oil Companies Advisory Council (OCAC) has requested an immediate revision of the OMC margin, which was due in September 2024, to prevent financial losses. Read more

• PKR loses 3 paisa against USD

The Pakistani rupee (PKR) decreased by 2.94 paisa or 0.01% against the US dollar in Friday’s interbank. Read more

• Gold price in Pakistan rises Rs2,900 per tola

Gold price in Pakistan increased on Friday, with 24-karat gold being sold at Rs289,600 per tola. Read more

• Pakistan, Azerbaijan pledge to fast-track customs MoU

Pakistan and Azerbaijan have pledged to expedite the signing of a Memorandum of Understanding. Read more

• OMO Result: SBP injects Rs10.31tr

The State Bank of Pakistan (SBP) conducted a reverse repo (OMO) today, in which it cumulatively injected a . Read more

• Weekly inflation falls 0.77%

Pakistan’s short-term inflation decreased by 0.77% compared to the previous week, while it rose by 0.52% compared to the same period last year, the Pakistan. Read more

• ICL Board resolves to sell land at Mouza Hassanabad

The Board of Directors of the Ittehad Chemicals Limited (PSX: ICL) has resolved. Read more

• PM calls $20bn CPF a pathway to economic stability

To address Pakistan’s pressing economic and developmental challenges Prime Minister Muhammad Shehbaz Sharif has termed the US$20 billion Country Partnership. Read more

• Pakistan’s economic growth resumes after 2018 setback: PM

The government has resumed the journey of economic development and growth from where it was halted in 2018, said Prime Minister Muhammad Shehbaz Sharif. Read more

• VIS reaffirms entity ratings of K-Electric Limited

VIS Credit Rating Company Limited (‘VIS’) has reaffirmed the entity ratings. Read more

• Pakistan, Azerbaijan to boost ties in trade, energy, air connectivity

Pakistan and Azerbaijan are set to enhance collaboration in the areas of trade, energy, air connectivity, and people-to-people contacts. Read more

• VIS maintains entity rating of Kot Addu Power Company

VIS Credit Rating Company Limited (“VIS”) maintains the entity ratings of Kot Addu. Read more

• NAB investigates Malik Riaz for fraud in Bahria Town Scheme

The National Accountability Bureau (NAB) is conducting inquiries/investigations against the owner of Bahria Town (Pvt.) Ltd., Malik Riaz, and the people. Read more

• Agritech Board approves share transfer to Fauji Fertilizer, Maple Leaf

The Board of Directors of Agritech Limited (PSX: AGL), in a meeting held on January 24, 2025, approved. Read more

• Indonesia to reduce spending by $18.84bn

Indonesia’s President Prabowo Subianto has instructed his government to cut spending by 306.7 trillion rupiah ($18.8 billion) this year, a finance ministry. Read more

• Askari Bank appoints Zia Ijaz as President, CEO for 3-year term

The Board of Directors of Askari Bank Limited (PSX: AKBL) has decided to appoint Zia Ijaz as President and Chief Executive Officer (CEO) for a term of three. Read more

• Rivian to launch hands-free driver assistance in 2025

Electric-vehicle maker Rivian plans to launch its advanced hands-free. Read more

• CTM to shut weaving division by January 2025

The Colony Textile Mills Limited (PSX: CTM) has decided to shut down. Read more

• Bank of Japan hikes rates, targets 2% inflation

The Bank of Japan (BOJ) raised interest rates on Friday to their highest since. Read more

• Pakistan seeks Sweden’s support for EV transition

Pakistan has sought technical and financial assistance from the Sweden Green. Read more

• FinMin attends ‘Viable Growth in a Volatile Era’ session at WEF Davos

The Informal Gathering of World Economic Leaders (IGWEL) session titled “Viable Growth in a Volatile Era” was attended by Minister of Finance Muhammad. Read more

• Hutchison ports proposes $1bn investment to Pakistan

The proposed $1 billion investment plan was presented by a high-level delegation from Hutchison Ports. Read more

• TPL Corp, Abhi complete acquisition of majority stake in FINCA

TPL Corp Limited (PSX: TPL) and Abhi (Private) Limited have acquired a majority shareholding in. Read more

• Judiciary modernizes with e-Affidavit, case management system

The e-Affidavit system has been used to modernize the judiciary and establish it as a model institution that upholds fairness, transparency, and accessibility. Read more

• Trump’s new executive orders target crypto, AI growth

President Donald Trump signed executive actions related to cryptocurrency. Read more

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