MG Morning Breeze: Updates to Skim before Market

February 14, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Time to implement Pakistan-Turkiye agreements: PM

Pakistan and Turkiye have signed various Memorandums of Understanding (MoUs) and agreements, but now we must. Read more

• Pakistan, Turkiye sign key agreements to boost bilateral ties

A Joint Declaration has been signed to further deepen, diversify, and institutionalize the Strategic Partnership between. Read more

• Pakistan, Turkiye pledge to boost trade to $5bn

Pakistan and Turkiye have reaffirmed their commitment to strengthening economic and strategic ties, agreeing. 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

• SBP reserves fall $252m on external payment

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $251.7 million or 2.20% WoW to $11.17 billion. Read more

• FCL reports Rs760mn profit for 2024, down 8% YoY

Fast Cables Limited (FCL) has reported its financial results for the year ended December 31, 2024, reporting a profit of Rs760 million, marking an 8% decline. Read more

• NetSol’s profit drops 78.96% in H1 2024

NetSol Technologies Limited (PSX: NETSOL) reported a sharp decline of 78.96% in its net profit. Read more

• Gold hits Rs304,000 per tola after Rs2,500 surge

Gold prices in Pakistan surged to a historic high on Thursday, with 24-karat gold. Read more

• AsiaPak Investments, Montage Oil to acquire majority stake in LOTCHEM

Arif Habib Limited, being the Manager to the Offer by AsiaPak Investments Limited and Montage Oil DMCC has officially revealed its intention. Read more

• PKR remains stable at 279.26 per USD

The Pakistani rupee (PKR) remained broadly unchanged against the US dollar in Thursday’s interbank session to settle the trade at PKR 279.26 per USD. Read more

• SKRS Board authorizes Biomass Pellet Plant development

The Board of Directors of Sakrand Sugar Mills Limited (PSX: SKRS), through a circular resolution. Read more

• PSX Closing Bell: Fortunate Son

The benchmark KSE-100 Index concluded Thursday’s trading session at 112,564.07, showing a decrease of 360.86 points or 0.32%. Read more

• Nestlé Pakistan sees 10% decline in profit after tax

Nestlé Pakistan Limited (PSX: NESTLE) reported a 10.22% decline in profit after tax, amounting to Rs14.81 billion. Read more

• MEBL reports Rs104bn profit for 2024, marking 21% YoY growth

Meezan Bank Limited (PSX: MEBL) has reported its financial results for the year ended December 31, 2024, reporting a profit of Rs104 billion, reflecting. Read more

• NICL doubles profits in 1HFY25

Nimir Industrial Chemicals Limited (PSX: NICL) has reported its financial results for the half-year ended December 31, 2024. Read more

• LOTCHEM reports Rs2.64bn profit, down 47.96%

Lotte Chemical Pakistan Limited (PSX: LOTCHEM) reported a 47.96% decline in profit after tax. Read more

• Alibaba partners with Apple on AI for China iPhones

Alibaba Chairman Joe Tsai said on Thursday the company will partner with Apple. Read more

• Oil falls on peace talks, supply concerns

Oil prices fell about 1% on Thursday on expectations that a potential peace deal between Ukraine. Read more

• PSO reports around 46% profit decline to Rs8bn for H1FY25

Pakistan State Oil Company Limited (PSO) has reported its financial results for the six months ended December 31, 2024, reporting a profit of Rs8 billion. Read more

• Nissan, Honda scrap merger, focus on EVs

Japan’s Nissan and Honda said on Thursday that their boards had voted to end talks. Read more

• Spring plantation begins in Margalla Hills

In a significant step towards environmental conservation, the Ministry of Climate Change and Environmental Coordination. Read more

• Commerzbank to cut 3,900 jobs amid strategy overhaul

Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part. Read more

• Pakistan, Turkiye to strengthen ties as Erdogan begins visit

A high-level delegation from Turkiye, led by President Recep Tayyip Erdogan, is set to arrive in Pakistan. Read more

• Pakistan set for growth after stability: PM

Pakistan is now set on a path of economic growth following the attainment of macroeconomic stability. Read more

• Pakistan, IAEA discuss peaceful nuclear advancements

Pakistan remains committed to utilizing nuclear technology for sustainable development, Prime Minister. Read more

• Pakistan to send IT firms to Saudi Arabia quarterly

In a significant move to boost digital cooperation between Pakistan and Saudi Arabia, Minister of State for Information. Read more

• Century Paper reports 43% drop in half-year profit

Century Paper & Board Mills Limited (PSX: CEPB) has reported a 43.38% decline in net profit. Read more

• Power Cement posts Rs32.4mn profit in H1FY25, reversing loss

Power Cement Limited (PSX: POWER) has reported a net profit of Rs32.4 million for the half-year ended December 31, 2024, marking a significant turnaround from. Read more

• PACRA assigns preliminary ‘AA’ rating to Lucky Electric Power

Pakistan Credit Rating Agency Limited (PACRA) has assigned a preliminary rating to Lucky Electric Power Company Limited. Read more

• Pakistan moves to boost trade with Azerbaijan

Pakistan has taken a major step toward enhancing trade and investment with Azerbaijan by inaugurating the. Read more

• Markets rise as peace hopes offset inflation

U.S. and European stock futures rallied on Thursday on optimism over prospects of a peace deal between Ukraine. Read more

• NBP issues foreign exchange rates

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

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