MG Morning Breeze: Updates to Skim before Market

January 31, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• PSX to hold auction for GOP Ijarah Sukuk on February 4

The Pakistan Stock Exchange (PSX) will conduct an auction for the sale of Government of Pakistan (GOP) Ijarah Sukuk (GIS) on February 4, 2025. Read more

• Cabinet committee reviews restructuring plans for key ministries

To review recommendations for restructuring the Ministry of Information & Broadcasting and the National Heritage & Culture Division. Read more

• SECP seeks public feedback on REIT regulations amendments

The Securities and Exchange Commission of Pakistan (SECP) has issued notification for public consultations. Read more

• SBP reserves fall $76.3m to $11.37bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $76.3 million or 0.67% WoW to $11.37bn. 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

• Bank AL Habib reports 12.86% increase in profit after tax

Bank AL Habib Limited (PSX: BAHL) has reported a profit after tax of Rs39.86 billion for the year ended December 31, 2024. Read more

• Lucky Cement’s profit after tax rises to Rs43.52bn

Lucky Cement Limited (PSX: LUCK) has reported a consolidated profit after tax of Rs43.52 billion for the half-year ended. Read more

• PSX Closing Bell: All I Do Is Win

The benchmark KSE-100 Index concluded Thursday’s trading session at 113,206.40, showing an increase of 1,719.04 points or 1.54%. Read more

• Gold price in Pakistan rises Rs1,600 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs290,300 per tola. Read more

• PKR weakens by 10 paisa against USD

The Pakistani rupee (PKR) decreased by 9.94 paisa or 0.04% against the US dollar in Thursday’s interbank session to settle. Read more

• New proposals aim to boost productivity, service delivery

To boost productivity, improve activities, and enhance public service delivery, the sub-committee presented proposals. Read more

• SME financing surges to Rs638bn as SBP enhances business support: Governor SBP

Small and Medium Enterprises (SME) financing in Pakistan witnessed a significant rise, climbing from Rs543 billion in December 2023 to Rs638bn in December 2024. Read more

• Symmetry Group acquires, retains major contracts

Symmetry Group Limited (PSX: SYM), in the second quarter of the financial year 2024-25, has either acquired new contracts. Read more

• KE unable to disclose shareholding details, cites ongoing legal disputes

The ongoing legal disputes among its indirect shareholders both in local and foreign courts have prevented K-Electric. Read more

• SSGC reports Rs6.5bn profit, rebounding from Rs9.32bn loss in SPLY

Sui Southern Gas Company Limited (PSX: SSGC) has reported a net profit of Rs 6.50 billion, marking a significant turnaround from the loss of Rs9.32bn recorded. Read more

• Bank Alfalah achieves 10.47% profit growth in 2024

Bank Alfalah Limited (PSX: BAFL) has posted earnings for the year ended December 31, 2024, with a profit after tax. Read more

• Pakistan’s inflation decline driven by exchange rate stability, fiscal prudence

The sharp decline in inflation is attributed to exchange rate stability, prudent fiscal management, and improved supply arrangements for essential commodities. Read more

• Atlas Honda posts record 75.2% rise in profit after tax

Atlas Honda Limited (PSX: ATLH) has posted a remarkable 75.2% year-on-year (YoY) growth in its profit after tax. Read more

• Oil prices steady amid tariff threats on Mexico, Canada

Oil prices were little changed on Thursday as markets braced for threatened tariffs by U.S. President Donald. Read more

• Tesla unveils 2025 plans for affordable EVs, autonomous service

Tesla said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025 and would start testing. Read more

• Bank Makramah, OMNI group’s settlement application accepted by Court

Bank Makramah Limited, along with OMNI group, submitted a settlement application that has now been. Read more

• Toyota sells 10.8mn vehicles, leads global sales in 2024

Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world’s top-selling. Read more

• Microsoft, Meta Defend AI spending amid DeepSeek breakthrough

Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry. Read more

• PM reaffirms commitment to economic growth, investment

To attract foreign investment and drive economic growth, the Pakistani government has committed to fostering. Read more

• US investor Gentry Beach eyes billion-dollar investment in Pakistan

Gentry Beach, the head of a delegation of US billionaire investors, has expressed his interest in investing billions of dollars in Pakistan. Read more

• EXIDE Pakistan’s Q3 2024 profit drops to Rs54.05mn

EXIDE Pakistan Limited has reported a significant decline in profitability for the third quarter ended December 31, 2024, with profit after taxation dropping. Read more

• Siemens Pakistan swings to profit with Rs1.01bn in earnings

Siemens Pakistan Engineering Co. Limited (PSX: SIEM) reported a net profit of Rs1.01 billion [EPS: Rs122] for. Read more

• Pakistan strengthens ties with UK through meeting at Westminster

Pakistan reaffirmed its deep economic and cultural ties with the United Kingdom as Minister for Planning., Read more

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