MG Morning Breeze: Updates to Skim before Market

March 06, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP accepts Rs117bn in PFL buyback auction

The State Bank of Pakistan (SBP) accepted Rs117.1 billion through its buyback auction today. Read more

• SBP raises Rs629bn through PIB auction

The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday. Read more

• Auction Result: Govt raises Rs569bn through T-bills

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market. Read more

• PKR weakens by 10 paisa against USD

The Pakistani rupee (PKR) deteriorated by 9.92 paisa or 0.04% against the US dollar in Wednesday’s interbank session. Read more

• SBP notifies Mudarabah financing mechanism for IBIs using GIS (CDC)

The State Bank of Pakistan (SBP) has officially notified the mechanism for eligible Islamic Banking Institutions (IBIs). Read more

• Gold price in Pakistan rises Rs700 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs307,000 per tola, up Rs700. 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 of Khyber stays in green

The Bank of Khyber (PSX: BOK) reported a profit after tax of Rs3.61 billion for the year ended December 31, 2024. Read more

• Pakistan stands back on its feet

Not long ago, Pakistan was on the brink of default, with investor confidence plummeting. However, a comprehensive stabilization program, backed by a $7. Read more

• Govt appoints Bilal Bin Saqib as Chief Advisor to FinMin on Pakistan Crypto Council

The government of Pakistan has appointed Bilal Bin Saqib MBE as the Chief Advisor to the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. Read more

• Sony, Suntory stockpile in U.S. amid tariff concerns

Japanese electronics giant Sony and drinks maker Suntory are stockpiling inventory in the United States while their peers. Read more

• PSX Closing Bell: You’re Losing Me

The benchmark KSE-100 Index concluded Wednesday’s trading session at 112,253.76. Read more

• Payoneer, Meezan Bank partner to simplify SMB payment withdrawals in Pakistan

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses. Read more

• NEL executes amendment agreement with government, CPPA

Narowal Energy Limited (NEL), a wholly owned subsidiary of the Hub Power Company Limited (PSX: HUBC). Read more

• Richard Bay Coal price drops to $90.3, near 3-year low

The price of Richard Bay Coal has dropped to $90.30, declined by $17.55 or 16.27% marking a nearly low since March 2021. Read more

• PwC, IPSOS surveys reflect strong business, consumer optimism: Khurram Schehzad

The latest PwC and IPSOS surveys reflect growing confidence in Pakistan’s economy, with business optimism and consumer sentiment. Read more

• Oil prices decline for third day on supply increase, tariff worries

Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns U.S. tariffs. Read more

• PM reaffirms $60bn export goal by 2029

Pakistan aims to increase exports to $60 billion by 2029, a goal reaffirmed on the completion of one year of the government. Read more

• Pakistan, Tajikistan push for direct flights to boost trade

Pakistan and Tajikistan have emphasized the need for direct flights to facilitate trade and economic cooperation, as discussed. Read more

• Business optimism in Pakistan soars to 83%, up from 49%

Business optimism in Pakistan has surged to 83%, up from 49% last year, driven by expectations of economic improvement. Read more

• Govt finalizing National Youth Employment Plan for job creation

The National Youth Employment Plan is in its final stages of completion under Prime Minister Shehbaz Sharif’s Youth Program. Read more

• Dollar dips, Hong Kong market rises as China sets growth target

The U.S. dollar hovered near a three-month low versus major peers on Wednesday after the latest round of U.S. tariffs. Read more

• Pakistan likely to pass 1st $7bn IMF loan review amid revenue progress

Pakistan is likely to pass the first review of its $7 billion loan program with the International Monetary Fund (IMF) since it has made enough progress to. Read more

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