MG Morning Breeze: Updates to Skim before Market

February 24, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Weekly Market Roundup

Pakistan equities started the week on a negative note but later positive developments on the economic side strengthened investor confidence which boosted buying. Read more

• SHC dismisses petitions against windfall tax

The Sindh High Court (SHC) has dismissed petitions challenging the enforcement of Section 99D of the Income. Read more

• Govt commits to supporting athletes with special needs: FinMin

The government is committed to promoting inclusivity and supporting athletes with special needs. Read more

• Govt collects Rs23bn in windfall tax from 16 Banks

The government, by maintaining the windfall tax, has successfully collected Rs23 billion from 16 banks. Read more

• Key Pakistan Market Stats and Economic Indicators

Market Data and Economic Indicators. Read more

• CDWP greenlights major development projects worth Rs49.310bn

The Central Development Working Party (CDWP) has approved development projects worth Rs49.310 billion. Read more

• Pakistan’s refineries struggle as OMCs fail to lift fuel

Pakistan’s refineries are facing severe challenges in sustaining operations due to the failure of Oil Marketing. Read more

• CCP approves Nishat Hotels’ acquisition of Hotel Margala

The Competition Commission of Pakistan (CCP) has approved Nishat's acquisition of assets of Hotel Margala Private Limited. Read more

• Federal Govt extends Masroor Khan’s tenure as OGRA chairman for 1 year

The Federal Government has extended the contractual appointment of Masroor Khan as Chairman of the Oil and Gas Regulatory Authority (OGRA) under the Cabinet. Read more

• Gold surges to $3,000 amid trade war concerns, market uncertainty

Gold neared $3,000 per ounce as traders marked one month since U.S. President Donald Trump’s return to the White House and five years since COVID-19 first. Read more

• SBP introduces Raast Participation Criteria

The State Bank of Pakistan (SBP) has issued the Raast Participation Criteria to facilitate the incorporation of various. Read more

• SBP awards first digital banking license to MBPL

The Governor of the State Bank of Pakistan (SBP) awarded the first restricted license for pilot operations to Mashreq Bank Pakistan Limited. Read more

• Alibaba shares surge 14% after strong earnings

Shares in e-commerce titan Alibaba soared more than 14% Friday, extending a blistering rally in Hong Kong’s Hang Seng Index. 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

• PSX Closing Bell: You Need to Calm Down

The benchmark KSE-100 Index concluded Friday’s trading session at 112,800.93, showing a decrease of 938.22 points or 0.82%. Read more

• SECP seeks public feedback on capital issue, ESOS, stock splits, intermediary registration

The Securities and Exchange Commission of Pakistan (SECP) has released four draft guidelines on capital issue, Employee Stock Option Schemes (ESOS), stock. Read more

• Gold price in Pakistan falls Rs2,000 per tola

Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs307,000 per tola. Read more

• Standard Chartered reports Rs46bn profit for 2024, declares dividend

Standard Chartered Bank (Pakistan) Limited (PSX: SCBPL) has reported its financial results for the year ended December 31, 2024, reporting a profit after. Read more

• Govt calls for strong price control measures for Ramadan & Eid

The need for a coordinated and effective strategy to control the prices of essential goods during Ramadan and Eid was emphasized. Read more

• Rafhan Maize reports Rs7bn profit for 2024, declares dividend

Rafhan Maize Products Company Limited (PSX: RMPL) has reported a profit after taxation of Rs7 billion for the year ended December 31, 2024, reflecting an 8%. Read more

• IMF completes scoping mission for governance, corruption assessment in Pakistan

An International Monetary Fund (IMF) scoping mission visited Islamabad from February 6 to 14, 2025, to lay the groundwork for a Governance. Read more

• OMO Result: SBP injects Rs1.75tr

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

• Tariq Glass sees about 17% decline in 1HFY25 profit

Tariq Glass Industries Limited (PSX: TGL)witnessed a 16.63% decline in net profit for the first half of the fiscal year 2025, posting Rs2.27. Read more

• PKR falls 11 paisa against USD

The Pakistani rupee (PKR) depreciated by 10.68 paisa or 0.04% against the US dollar in Friday’s interbank session to settle the trade. Read more

• Meta reduces employee stock options by 10%

Meta Platforms has cut back on its yearly distribution of stock options by about 10% for tens of thousands. Read more

• Oil prices dip but set for weekly gain on supply concerns

Oil prices edged down on Friday but were still poised for a weekly rise on concerns over supply disruptions. Read more

• Weekly SPI increases by 0.27%

Pakistan’s short-term inflation increased by 0.27% compared to the previous week, while it rose by 1.21% compared to the same period last year, the Pakistan. Read more

• IMF team to visit Pakistan in March for 1st review of Extended Fund Facility

The International Monetary Fund (IMF) staff team is scheduled to visit Pakistan in early to mid-March for discussions around the first review under Pakistan’s. Read more

• European stocks reach record highs amid strong Q4 earnings

European stocks have hit record highs this month, as companies have beat fourth-quarter revenue expectations. Read more

• BOJ steps back as long-term interest rates rise

Investors in Japan’s government bond market are getting a glimpse of life without heavy intervention by the Bank of Japan. Read more

• PTCL to hold ceremony for Africa-1 Cable

Pakistan Telecommunication Company Ltd (PSX: PTC) is set to hold a groundbreaking ceremony on February 22, 2025. Read more

• Pakistan to strengthen investment climate in collaboration with MIGA

Pakistan is committed to fostering a conducive investment climate and continuing its collaboration with the Multilateral Investment Guarantee Agency (MIGA). Read more

• Cherat Cement’s net profit soars 51% to Rs5bn in 1HFY25

Cherat Cement Company Limited (PSX: CHCC) has reported a remarkable 51.37% increase in its net profit for 1HFY25, reaching Rs5 billion compared to Rs3bn in. Read more

• Agritech resumes Urea production

Agritech Limited (PSX AGL) has resumed the operations of its Urea Plant today, February. Read more

• Murree Brewery reports around 60% YoY profit surge in 1HFY25

Murree Brewery Company Limited (PSX: MUREB) recorded a significant 59.97% year-on-year (YoY) increase in profitability for the 1HFY25. Read more

• FinMin engages leading dairy companies for sectoral development

To address industry challenges and explore policy measures for sectoral growth, Federal Minister for Finance and Revenue. Read more

• Pakistan, International Road Assessment program sign landmark agreement

An agreement was signed under which the International Road Assessment Program will establish its own setup in Pakistan for the preparation. Read more

• Pakistan sets $60bn export target for next five years

A comprehensive and effective strategy has been directed to enhance Pakistan’s exports to sixty billion. Read more

• NAB signs six MOUs with private institutions

The National Accountability Bureau (NAB) has signed six Memorandums of Understanding (MOUs) with various private. Read more

• Customs clearance time slashed to 18 hours: Finance Minister

The customs process has been reduced from several days to just 18 hours as obstacles to clearance have been removed, and tax reforms are being transformed. Read more

• PPDA condemns oil price deregulation, calls for review

The Pakistan Petroleum Dealers Association (PPDA) has strongly opposed the government’s decision to deregulate oil prices. Read more

• Pakistan needs SDG-driven strategies for sustainable economic growth

There is a need to integrate Sustainable Development Goals (SDG)-driven strategies into Pakistan’s economic and development planning. Read more

• ECC under FinMin extends LNG framework agreement

The Economic Coordination Committee (ECC) of the Cabinet approved the extension of the LNG Framework Agreement. Read more

• Commissioner Karachi initiates Complaint Cell for city issues

In response to concerns regarding rising encroachments, dilapidated infrastructure, and severe traffic congestion on Karachi’s streets. Read more

• LUCK to split shares 5-for-1, pending shareholder vote

Lucky Cement Limited (PSX: LUCK) announced a 5-for-1 stock split through its notice to PSX. Read more

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