MG Morning Breeze: Updates to Skim before Market

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

• K-Electric proposes Rs4.84 per unit relief in January FCA

K-Electric has submitted a provisional monthly fuel charge adjustment (FCA) request for January 2025. Read more

• Federal employees to get salaries early for Eid

The federal government has decided to disburse salaries and pensions to federal government employees and pensioners. Read more

• ECC approves amendments to net-metering regulations

The Economic Coordination Committee (ECC) of the Cabinet approved a set of amendments to the existing net-metering. Read more

• SBP reserves fall to $11bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $151.6 million or 1.35% WoW to $11.1 billion. Read more

• PKR weakens by 8 paisa per USD

The Pakistani rupee (PKR) fell by 8.11 paisa or 0.03% against the US dollar in Thursday’s interbank session to settle the trade at PKR 280.05. Read more

• PSW, Maqta Technologies partner to digitize international trade

Pakistan Single Window (PSW), the designated operator of the Pakistan Single Window System, and Maqta Technologies. Read more

• SECP introduces digital distribution of life insurance products

The Securities and Exchange Commission of Pakistan (SECP) has issued a directive for the sale of life insurance savings products through technology-based. Read more

• Gold price in Pakistan rises Rs2,800 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs309,300 per tola, up Rs2,800. Read more

• Indonesia imposes anti-dumping duty on nylon film

Indonesia is set to impose an anti-dumping import duty on nylon film from China, Thailand, and Taiwan. Read more

• PSX Closing Bell: Fearless

The benchmark KSE-100 Index concluded Thursday’s trading session at 115,094.23, showing an increase of 1,009.70 points or 0.89%. Read more

• Pakistan, Azerbaijan deepen partnership in digital services

Pakistan and Azerbaijan continue to strengthen their bilateral ties, with growing collaboration in digital transformation. Read more

• Alibaba unveils new AI-powered Quark app with advanced Qwen model

Chinese e-commerce giant Alibaba on Thursday released a new version of its Quark application, a comprehensive AI assistant powered by Alibaba’s Qwen-based. Read more

• Trump threatens more tariffs on EU, escalating trade war

Donald Trump threatened to escalate a global trade war with further tariffs on European Union goods, as major U.S. trading partners. Read more

• Board approves Samba Bank’s shift to Islamic banking

The Board of Samba Bank Limited (PSX: SBL) has approved the plan to convert from a Conventional. Read more

• KSE-100 surges 1,144 points in intraday trade

The benchmark KSE-100 Index has gained 1,144.68 points (1%) to reach 115,229.21 in intraday trade (12:08 PM). Read more

• ECC to approve Rs1.8bn grant for Reko Diq security

The agenda of the Economic Coordination Committee (ECC) meeting, held on Thursday, March 13, 2025, includes the approval of a Technical Supplementary Grant. Read more

• Oil prices dip after previous session’s surge

Oil prices slipped on Thursday after a surge in the previous session on a larger-than-expected draw in U.S. gasoline stocks. Read more

• Barkat Frisian Agro soars 58%

Drawing strong investor interest, the stock has soared 58.13% since its listing on March 7, 2025, in just 5 trading sessions. Read more

• Govt committed to business facilitation: PM

The government is taking all possible measures to facilitate the business community, Prime Minister Shehbaz Sharif. Read more

• Google Wallet launches in Pakistan for secure digital payments

Google Wallet is now available in Pakistan, according to an official statement from the tech giant. Read more

• Samba Bank’s 2024 profit drops 43% to Rs700m

Samba Bank Limited (PSX: SBL) reported a profit after tax of Rs700 million for the year ended December 31, 2024, marking a 43% decline compared to Rs1.23 billion in 2023. Read more

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