MG Morning Breeze: Updates to Skim before Market

January 29, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Gold price in Pakistan falls Rs2,700 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs286,400 per tola. Read more

• Pakistan needs green bonds, carbon credits to drive climate action: FinMin

To achieve climate adaptation and mitigation targets, Pakistan needs to leverage tools like green bonds, sustainability-linked loans, and carbon credits to. Read more

• SBP awards 1st digital retail bank license to Easypaisa Bank Limited

The Governor of the State has awarded Easypaisa Bank Limited (formerly Telenor Microfinance Bank Limited) the first Digital Retail Bank (DRB) license. Read more

• Pakistan, Morocco to boost trade, investment ties

Pakistan and Morocco need to strengthen cooperation further in all areas of mutual interest, with a particular focus on enhancing trade and investment ties. Read more

• PM pledges support to business community for economic revival

To ensure ease of doing business and facilitate trade for businessmen in reviving economic growth, Prime Minister Shehbaz Sharif assured extensive efforts by. Read more

• FinMin signals tax reforms for Pakistan’s salaried class

The disproportionately high tax burden on Pakistan’s salaried class has been acknowledged by Finance Minister Muhammad Aurangzeb, who hinted at a potential. Read more

• Citigroup: SBP Likely to reduce interest rates soon

The State Bank of Pakistan (SBP) will cut interest rates more quickly with inflation expected. Read more

• Trump reveals Microsoft’s interest in acquiring TikTok

U.S. President Donald Trump said that Microsoft is in talks to acquire TikTok. Read more

• SBP cuts policy rate by 100bps, total drop hits 1,000bps

The Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to reduce the policy rate by 100 basis points, bringing the cumulative decrease. Read more

• PKR falls 9 paisa against USD

The Pakistani rupee (PKR) depreciated by 9.25 paisa or 0.03% against the US dollar in Tuesday’s interbank session to settle the trade at PKR 278.93 per USD. Read more

• Tech stocks drop over new Chinese AI model

Global technology shares sank on Tuesday, as a market rout sparked by the emergence of a low-cost Chinese artificial intelligence. Read more

• PSX Closing Bell: Breaking into Light

The benchmark KSE-100 Index concluded Tuesday’s trading session at 112,030.36. Read more

• Trump’s copper, aluminium tariffs could raise consumer costs

President Donald Trump’s vow of tariffs on U.S. copper and aluminium imports would result in higher costs. Read more

• Fauji Foods profit after tax up 8.5%

Fauji Foods Limited (PSX: FFL) recorded a profit after tax of Rs656 million [EPS: Rs 0.29] in the full year. Read more

• Govt to launch Sustainable Finance Framework, saving Rs1tr on debt servicing

The Debt Management Office is developing a Sovereign Sustainable Finance Framework for international capital market issuances, designed to channel capital. Read more

• US grants contribute 1% to country’s FY25 funding goal

The total amount of grants allocated for fiscal year 2025 (FY25) stands at $176 million. Read more

• Inflation drops, policy rate cut as Pakistan eyes economic recovery

Inflationary pressures in Pakistan, which peaked during FY2023, have significantly eased in FY2024. Read more

• Inflation set to stabilize at 7%, lowering borrowing costs

Inflation is expected to stabilize near the long-term average of 7%, fostering conditions conducive to economic activity. Read more

• Remittances, investments enhance external accounts, supporting Pakistan’s economy

The external sector has shown growth, with remittances and foreign investments playing a key role. Read more

• Pakistan, Japan discuss bilateral cooperation

Pakistan’s commitment to strengthening bilateral relations with Japan was reaffirmed during a courtesy. Read more

• Pakistan-Azerbaijan to launch trade houses, Chamber of Commerce

Pakistan and Azerbaijan collaborate to deepen economic ties by establishing Azerbaijan Trade Houses in Islamabad, Lahore, and Karachi, as well as launching. Read more

• PM directs modernization of healthcare institutions

To modernize healthcare institutions under the federal government’s purview and make Islamabad a model. Read more

• Oil prices edge up, demand outlook remains weak

Oil prices ticked up but hovered near a two-week low on Tuesday after weak economic data. Read more

• Global sales of EVs, hybrids to surge 17% in 2025

Global sales of fully electric and plug-in hybrid vehicles will rise by at least 17% this year to over 20 million cars. Read more

• LCI’s profits nearly double to Rs5bn in H1FY25

Lucky Core Industries Limited (PSX: LCI) net profit rose 99.48% to Rs5.04 billion [EPS: Rs54.57] in December 2024 from last year as its margins improved. Read more

• Chinese AI startup DeepSeek challenges U.S. tech giants

Chinese startup DeepSeek’s cheaper AI is sharpening investor scrutiny of the billions U.S. tech. Read more

• VIS reaffirms entity ratings of HINOON

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

• Pakistan consumer confidence surges by 4.4% in January

The consumer confidence Index (CCI) in Pakistan increased by 4.4% to 38 points in January compared to last month, according to a survey report released by. Read more

• Pakistan hosts event to celebrate Arab Health 2025 success

The Trade and Investment Section of the Consulate General of Pakistan in Dubai organized a Business Networking Dinner. Read more

• Pakistan’s business confidence decline in January

The overall Business Confidence Index decreased significantly by 0.9 points reaching 55.3 in January 2025. Read more

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