MG Morning Breeze: Updates to Skim before Market

January 30, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Next two years key for Pakistan’s expansion in Saudi Arabia

The next two years will be crucial for Pakistan to expand its presence in Saudi Arabia, as the kingdom undergoes. Read more

• BoC lowers key interest rate to 3% amid tariff threats

Canada’s central bank has cut interest rates for a 6th consecutive time as inflation remains around 2% and the threat of U.S. tariffs looms. Read more

• FFC announces annual financial results for the year 2024

Fauji Fertilizer Company Limited (FFC) has announced its financial results for the year ended December 31, 2024. Read more

• OICCI hosts inaugural Climate Excellence Awards at 3rd Pakistan Climate Conference

The Overseas Investors Chamber of Commerce & Industry (OICCI) successfully concluded the 3rd Pakistan Climate Conference today, marking. 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

• FIA seeks past insider Trading cases – no new inquiries initiated

Market participants need not be concerned as the Federal Investigation Agency (FIA) has requested the Securities and Exchange Commission of Pakistan (SECP). Read more

• HINO steers toward recovery

Hinopak Motors Limited (PSX: HINO) is on the road to recovery as the company reported a 65.5% reduction in net losses. Read more

• DeepSeek triggers global AI spending rethink

DeepSeek has triggered a dramatic rethink on artificial intelligence spending around the world. Read more

• AI shock could broaden stock rally

A development in the field of artificial intelligence that staggered asset prices could help set the stage for broader. Read more

• Lalpir Power receives full payments under termination agreement

Lalpir Power Limited (PSX: LPL) has received all agreed payments from the Central Power Purchasing Agency (CPPA). Read more

• PSX Closing Bell: Receding

The benchmark KSE-100 Index concluded Wednesday’s trading session at 111,487.36, showing a decrease of 543.00 points or 0.48%. Read more

• FFC earnings more than double in Dec 2024

Fauji Fertilizer Company Limited (PSX: FFC) recorded an increase of 118.1% YoY in profitability for the year ended December 2024. Read more

• CDC share registrar launches industry-first WhatsApp E-Voting Solution

CDC Share Registrar Services Limited, a wholly owned subsidiary of Central Depository Company of Pakistan Limited. Read more

• SECP to host the InsureImpact Conference Pakistan 2025

The Securities and Exchange Commission of Pakistan (SECP) will host the InsureImpact Conference Pakistan (ICP) 2025. Read more

• PKR increases by 5 paisa against USD

The Pakistani rupee (PKR) strengthened by 5.22 paisa or 0.02% against the US dollar in. Read more

• Supernet Limited considers merger with Supernet Technologies

The Board of Directors of Supernet Limited has authorized the company to explore a potential. Read more

• Gold price in Pakistan rises Rs2,300 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs288,700 per tola. Read more

• Sindh signs landmark declaration on climate action at OICCI conference

Sindh has reaffirmed its commitment to addressing climate challenges by signing a landmark declaration with international organizations. Read more

• Pakistan’s short-term FX liabilities reach $29.1bn

Due to maturing foreign currency loans, securities, and deposits, Pakistan’s foreign currency assets are expected to see a net outflow of $29.1 billion. Read more

• OMO Result: SBP injects Rs523bn

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

• ABHI, TPL corp inject Rs2.6bn to complete FINCA acquisition

ABHI and TPL Corp shareholders have jointly injected Rs2.6 billion into FINCA Microfinance Bank Limited as part of its acquisition. Read more

• PM hosts U.S. investors to explore economic opportunities

Pakistan’s dynamic investment landscape and its promising economic potential were at the forefront. Read more

• ISL reports 77% drop in profit amid revenue decline

International Steels Limited’s (PSX: ISL) profit after tax fell 77.3% YoY to Rs534 million [EPS: Rs1.23]. Read more

• Oil prices drop despite U.S. tariff concerns

Oil prices slid on Wednesday, giving up some of last session’s gains, as an increase in U.S. crude stockpiles. Read more

• Alibaba releases AI model surpassing DeepSeek-V3

Chinese tech company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence. Read more

• CDWP greenlights 16 projects with around Rs260bn investment

The Central Development Working Party (CDWP) approved 16 development projects valued at Rs259.68 billion. Read more

• Pakistan, EU discuss strengthening trade cooperation

To strengthen the Pakistan-EU partnership and explore ways to enhance trade and economic cooperation between. Read more

• Govt to auction surplus electricity for industry

The government plans to auction surplus electricity in the country, as announced. Read more

• VIS reaffirms entity ratings of Pak Telecom Mobile Ltd

VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Pak Telecom Mobile Limited. Read more

• PBM and HMR Forge partnership with MoU

Pakistan Bait-ul-Mal and Hum Mashal-e-Rah Foundation (HMR) agreed to build a partnership by signing. Read more

• Federal Minister warns of challenges to $60B export target

The ambitious $60 billion export target will be difficult to reach unless industries receive crucial support. Read more

• PTCL injects capital into Ubank

Pakistan Telecommunication Company Limited (PSX: PTC) has been making equity injections into U Microfinance Bank Limited. Read more

• Engro Holdings receives letter on EEAP divestment

Engro Holdings Limited (PSX: ENGROH) has received a letter from Engro Corporation Limited. Read more

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