MG Morning Breeze: Updates to Skim before Market

January 28, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP Governor links 16% import surge to economic growth

Pakistan’s imports have shown a natural uptick mainly due to increasing economic activity, the removal of restrictions. Read more

• PM’s committee forms sub-groups to facilitate IT exporters, freelancers

To streamline efforts, the Prime Minister’s Committee on IT Export Remittances has decided to form two sub-working groups, focusing on Taxation and. Read more

• Over 17,000 railways posts cut in rightsizing plan

The committee was apprised that out of 95,859 sanctioned posts in the Ministry of Railways. Read more

• SECP seeks feedback on Research Analyst Regulations

The Securities and Exchange Commission of Pakistan (SECP) has released a Consultation Paper seeking public feedback on potential. 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

• Money supply reaches Rs40.18tr as of Dec

The total money supply circulating within the economy till December 2024 has been recorded at Rs40.18 trillion. Read more

• Attock Petroleum declares Rs12.5 DPS as profit surges to Rs5.12bn in 1HFY25

Attock Petroleum Limited (PSX: APL) has revealed its financial results for 1HFY25, wherein the profit after tax clocked in at Rs5.12 billion [EPS: Rs41.18]. Read more

• Attock Cement posts 81% decline in 1HFY25 profit

Attock Cement (Pakistan) Limited (PSX: ACPL) reported its profit and loss statement for the quarter ended 31 December 2024, wherein the profit after tax. Read more

• Archroma Pakistan reports Rs356m profit after tax

Archroma Pakistan Limited (PSX: ARPL) recorded a profit after tax of Rs356.05 million [EPS: Rs10.30] in this quarter compared. Read more

• APTMA decries gas tariff hike, labels it “Anti-Export”

The All Pakistan Textile Mills Association (APTMA), Southern Zone, has criticized the Economic Coordination Committee’s. Read more

• Meezan Bank unveils FCY debit card for freelancers, exporters

Meezan Bank, Pakistan’s premier Islamic bank, has introduced its Foreign Currency (FCY) Debit Card. Read more

• Gold price in Pakistan falls Rs300 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs289,100 per tola. Read more

• PBC proposes measures to broaden tax base, combat benami transactions

To enhance transparency and reduce the prevalence of benami transactions, the Pakistan Business Council (PBC) delegation shared a series of proposals aimed. Read more

• UNDP partners with Pakistan’s sectors for sustainable development

The ongoing initiatives and collaborations of the United Nations Development Programme (UNDP) with both the public and private sectors in Pakistan aim to. Read more

• PSX Closing Bell: Rolling in the Deep

The benchmark KSE-100 Index concluded Monday’s trading session at 113,520.32, showing a decrease of 1,360.16 points or 1.18%. Read more

• POL earnings plunge 42% in H1 December 2024

Pakistan Oilfields Limited (PSX: POL) earnings for the half year December 2024 plummeted by 42.31% with. Read more

• SBP reduces policy rate by 100bps to 12%

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has reduced the policy rate by 100. Read more

• FPML to sell 263-Kanal project land in Gujrat

Faruqi Pulp Mills Limited (FPML) to sell the company’s entire project land, spanning 263 Kanals and 18 Marlas, located at Mouza Mangowal, Tehsil and District. Read more

• PKR falls 8 paisa against USD

The Pakistani rupee (PKR) fell by 8.03 paisa or 0.03% against the US dollar in Monday’s interbank. Read more

• MARI maintains profit despite 39.18% drop in topline

Mari Petroleum Company Limited (PSX: MARI) earnings in the second quarter of FY25. Read more

• ATRL’s earnings fell to Rs6.89bn, announces 50% DPS in 1HFY25

Attock Refinery Limited (PSX: ATRL) has recorded a substantial decrease in its earnings for 1HFY25, wherein the profit after tax clocked in at Rs6.89 billion. Read more

• MPS Preview: SBP to reduce policy rate by 100bps

Continuing its streak of monetary easing, the Monetary Policy Committee of the State Bank of Pakistan (SBP) is expected to. Read more

• Attock Petroleum profit soars 7.83%

Attock Petroleum Limited (PSX: APL) net profit rose 7.83% to Rs2.7 billion [EPS: Rs22.01] in quarter. Read more

• NRL posts Rs11.73bn loss in 1HFY25, up by 152.15% YoY

National Refinery Limited (PSX: NRL) has reported a loss after tax of Rs11.73 billion [LPS: Rs146.72] in 1HFY24, up by 152.15% YoY compared to the Rs4.65bn. Read more

• Higher US tariffs could weaken China’s currency, analysts warn

Higher US tariffs under President Donald Trump could accelerate a slump in the value of China’s currency. Read more

• Colgate earns Rs9.7bn in half year

Colgate Palmolive (Pakistan) Limited (PSX: COLG) earned a net profit of Rs9.7 billion. Read more

• HUMNL denies CEO resignation claims, confirms Duraid Qureshi still in charge

Hum Network Limited (PSX: HUMNL) has denied recent media reports claiming that Duraid Qureshi stepped down as CEO, clarifying that he remains the CEO and is. Read more

• AHTM clarifies non-disclosure of ICA information, citing insignificant impact

Ahmad Hassan Textile Mills Limited (PSX: AHTM) clarified that the International Cotton Association (ICA) information was not communicated to the Exchange. Read more

• FX reserves to be part of banks’ core capital: SBP

The State Bank of Pakistan (SBP) has decided to treat Foreign Exchange (FX) Translation Reserves as part of Common Equity Tier-1 (CET-1) Capital, effective. Read more

• GAL clarifies JAC T-9 Hunter launch as regular business move

Ghandhara Automobiles Limited (PSX: GAL) has clarified that the news published on January 8, 2025, regarding the introduction of the JAC T-9 Hunter in the. Read more

• Oil prices dip after Trump calls on OPEC to cut prices

Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce. Read more

• Pakistan Customs strengthens trade through PSW, FCA system

Pakistan Customs has achieved significant success in modernizing its performance through initiatives like the Pakistan Single Window (PSW) and the Faceless. Read more

• Air Link acquires 3-acre plot in SGSEZ

Air Link Communication Limited (PSX: Airlink) has completed all formalities. Read more

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