MG Morning Breeze: Updates to Skim before Market

March 13, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Fuel prices expected to decline in March 2FN

A significant decline in fuel prices is expected for March 2FN, according to the latest price projections based. Read more

• Electricity bills may drop! K-Electric moves for price reduction

Karachi’s electricity prices may see a reduction as K-Electric has submitted its request for the monthly. Read more

• Pakistan loses Rs300bn annually to illegal cigarette trade

Pakistan’s economy is losing over a staggering Rs300 billion annually due to an unsustainable tax regime, which has inadvertently incentivized illegal trade. Read more

• FPCCI demands end to curtailments of 12 low-tariff wind power projects

Serious concerns have been raised by Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), regarding the. Read more

• SBP raises Rs15.82bn through PIB auction

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

• PKR weakens by 2 paisa against USD

The Pakistani rupee (PKR) fell by 1.85 paisa or 0.01% against the US dollar in Wednesday’s interbank session to settle. Read more

• Gold price in Pakistan rises Rs500 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs306,500 per tola. Read more

• Moody’s changes Pakistan banking outlook to positive vs stable

In a significant development for Pakistan’s banking sector, global rating agency Moody’s has. Read more

• PSX Closing Bell: Another One Bites the Dust

The benchmark KSE-100 Index concluded Wednesday’s trading session at 114,084.53, showing a decrease of 93.12 points or 0.08%. Read more

• Trump’s increased tariffs on steel, aluminum take effect

President Donald Trump’s increased tariffs on all U.S. steel and aluminum imports took effect on Wednesday. Read more

• Engro Holdings receives letter on Eximp Agriproducts divestment

Engro Holdings Limited (PSX: ENGROH) has received a letter from Engro Corporation Limited regarding. Read more

• Haleon Pakistan ships first Centrum consignment to Kenya

Haleon Pakistan Limited (PSX: HALEON) has successfully dispatched its first consignment of Centrum. Read more

• Oil prices tick higher, economic uncertainty caps gains

Oil prices edged up on Wednesday, buoyed by a weaker dollar, but mounting fears of a U.S. Read more

• Dgpays eyes Pakistan for major IT Operations Hub

A leading technology firm has reaffirmed its commitment to establishing a Global IT Operations Hub in Pakistan. Read more

• PM’s Youth Program partners with Zalmi Foundation for youth development

In a landmark move to foster youth development, the Prime Minister’s Youth Program has signed. Read more

• Pakistan, Oman deepen trade ties during minister’s visit

Pakistan and Oman have taken a significant step toward strengthening their economic partnership as Federal Minister for Commerce. Read more

• OGDCL revives Rajian-11 oil well with ESP technology

Oil & Gas Development Company Limited (PSX: OGDC) has successfully revived production at Rajian-11. Read more

• Pakistan imposes off-the-grid levy on captive power plants

The President of the Islamic Republic of Pakistan has promulgated an Ordinance to impose an off-the-grid levy on natural gas-based captive power plants. Read more

• Markets swing as U.S. tariff plans shift, euro gains

The euro was riding at five-month highs on Wednesday on Ukraine’s readiness to accept a month-long ceasefire. Read more

• Govt sets Rs791 per MMBTU levy for captive power plants

The levy rate has been set at Rs791 per Million British Thermal Units (MMBTU) under the Off the Grid (Captive Power Plants). Read more

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