MG Morning Breeze: Updates to Skim before Market

February 04, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Saudi Arabia partners with Pakistan for youth skill development

Saudi Arabia is set to partner with Pakistan to offer training programs for young Pakistanis, aiming to equip them with modern and relevant skill sets. Read more

• ECC approves Rs494.56mn for Frontier Corps KP north infrastructure

The Economic Coordination Committee (ECC) has approved the Ministry of Interior’s proposal for the release of a technical supplementary grant (TSG) of. Read more

• SBP targets to raise Rs6.85tr: Auction Calendar February – April

The government is targeting to raise Rs6.82 trillion during the three months from February to April 2025. Read more

• Private sector credit falls by Rs433bn in a week

Private sector credit (PSC) dropped by Rs432.84 billion WoW to Rs9.83 trillion as of January 24, 2025. Read more

• Govt borrows Rs545bn debt in a week

The government of Pakistan has acquired an additional debt of Rs545.05 billion during the week ended January 24, 2025. 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

• M2 rises by Rs116bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs116.15 billion. Read more

• Aurangzeb commends provinces for agricultural tax laws

The provincial governments have successfully passed legislation for the implementation of agricultural income tax. Read more

• Govt adds Tier-4 to PM’s youth loan scheme

The government has expanded the Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS) by introducing a new. Read more

• Domestic cement dispatches fall 6% in Jan 2025

The total cement dispatches stood at 3.895 million tons for January 2025, according to data released by the All Pakistan Cement Manufacturers. Read more

• Pakistan, CVF-V20 highlight key climate initiatives in meeting

The Climate Vulnerable Forum (CVF)-V20 delegation, representing finance ministers from climate-vulnerable nations. Read more

• Pakistan’s trade deficit shrinks to $2.31bn in January

Pakistan’s trade deficit stood at $2.31 billion in January 2025, reflecting a 5.47% improvement compared to December 2024, according to the latest data. Read more

• European carmakers’ shares fall amid Trump’s tariffs

Shares in some of the biggest European carmakers plunged on Monday after U.S. President Donald Trump imposed. Read more

• PIA proposes ‘Remuneration Policy’ for directors

PIA Holding Company Limited (PIAHCLA) has proposed a remuneration policy for directors, stipulating a payment of up to Rs 50,000 for attending each meeting. Read more

• Serena Chowk Interchange project completed in 72 days

The Serena Chowk Interchange project, which includes three underpasses and connecting roads, has been completed. Read more

• Gold price in Pakistan rises Rs200 per tola

Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs292,400 per tola. Read more

• Taiwan imposes ban on Chinese AI DeepSeek for security risk

Taiwan on Monday banned government departments from using Chinese startup DeepSeek’s artificial intelligence (AI) service. Read more

• PSX Closing Bell: Love Hurts

The benchmark KSE-100 Index concluded Monday’s trading session at 112,745.01, showing a decrease of 1,510.71 points or 1.32%. Read more

• PKR weakens by 9 paisa against USD

The Pakistani rupee (PKR) decreased by 9.49 paisa or 0.03% against the US dollar in Monday’s interbank. Read more

• PRL’s profits go up in smoke, posts Rs2.01bn loss

Pakistan Refinery Limited (PRL) has reported a loss of Rs2.01 billion for the half-year ending December 31, 2024, compared to a profit of Rs6.51bn during the. Read more

• Millat Tractors responds to Rs18bn sales tax order

Millat Tractors Limited (PSX: MTL) has addressed a report published in Business Recorder regarding an order of Rs18 billion. Read more

• Crypto market slides as trade tensions drive investors away

Cryptocurrency prices slid on Monday, with bitcoin at a three-week low and ether at its lowest since early September. Read more

• Trump’s tariffs shake markets as investors brace for trade war

Investors bought dollars, sold stocks and fretted about inflation on Monday in a scramble to assess the risk. Read more

• PSX in Jan: Chasing Stars, Stumbling at Finish

Scaling new heights but stumbling at the finish line, the KSE-100 index posted an impressive 84% YoY. Read more

• SoftBank, OpenAI partner for AI solutions in Japan

SoftBank Group CEO Masayoshi Son said on Monday he has agreed with OpenAI CEO Sam Altman to set up a joint venture. Read more

• Inflation slows to 2.4% in January

Pakistan’s inflation slowed to 2.4% in January 2025- marking a 9-year low, compared to 4.1%. Read more

• Elon Musk working to close U.S. foreign aid agency, USAID

Billionaire Elon Musk, who is heading U.S. President Donald Trump’s efforts to shrink the federal government, gave an update. Read more

• Taiwan to support companies moving to U.S. amid tariffs

Taiwan will support companies that plan to relocate to the United States, including helping them find partners, the economy. Read more

• OpenAI unveils AI tool for research, recommendations

OpenAI is releasing a new artificial intelligence tool designed to carry out time-consuming online research for users. Read more

• Speculating Wisely

Wisdom often discourages speculation, even though it has become a prominent aspect of stock investing, attracting investors with the promise of quick profits. Read more

• GCIL, MARI, OGDC sign Gas Sales & Purchase Agreement

Ghani Chemical Industries Limited (PSX: GCIL), Mari Energies Limited (MARI) (formerly Mari Petroleum Company Limited), and Oil and Gas Development Company. Read more

• Action needed to safeguard wetlands: Romina Khurshid

Immediate and intensified efforts are essential to protect wetlands, which are vital for environmental sustainability, biodiversity conservation. Read more

• FTMM files petition after shareholder consent

First Treet Manufacturing Modaraba (PSX: FTMM) has taken a step based on a special resolution passed by its shareholders. Read more

• Trump warns of “short-term” pain from tariffs on Mexico, Canada, China

President Donald Trump said the sweeping tariffs that he has imposed on Mexico, Canada and China may cause “short term” pain. Read more

• Meezan Bank launches FCY debit card for exporters, freelancers

Meezan Bank Limited (MEBL) has launched its Foreign Currency (FCY) Debit Card for Pakistani exporters and freelancers who hold an Exporters’ Special Foreign. Read more

• Indonesia sees sharp drop in inflation to 0.76% in Jan

Indonesia’s annual inflation rate was 0.76% in January, official data showed on Monday, dropping sharply from 1.57% in December. Read more

• Asia’s factory growth slows amid Chinese demand, U.S. tariff concerns

Asia’s factory activity weakened in January as soft Chinese demand and threats of higher tariffs by U.S. President Donald. Read more

• Thatta cement reports 214.88% surge in after-tax profits

Thatta Cement Company Limited (PSX: THCCL) recorded a 214.88% increase in after-tax profit for the half-year ended December 31, 2024. Read more

• AHL reports nearly threefold surge in profit, reaching Rs509.95mn

Arif Habib Limited (PSX: AHL) has reported a significant increase in profitability, with profit after taxation surging to Rs509.95 million, marking a. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read more

• Trump’s tariffs could drive vehicle prices even higher

President Donald Trump’s tariffs against Canada and Mexico will threaten production at automakers across North America. Read more

• Asian markets tumble as U.S. tariff fears grow

Asian stock markets slumped on Monday and U.S. equity futures pointed sharply lower after U.S. President Donald. Read more

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