MG Morning Breeze: Updates to Skim before Market

March 20, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Gold hits record high at Rs319,000 per tola in Pakistan

Gold prices in Pakistan surged to an all-time high on Wednesday, with 24-karat gold reaching Rs319,000 per tola after an increase of Rs1,650. 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 accepts Rs156bn in PFL buyback auction

The State Bank of Pakistan (SBP) has accepted Rs156.39 billion through its buyback auction today. Read more

• SBP raises Rs762bn through floating rate PIBs

The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs762.33 billion. Read more

• Auction Result: Govt raises Rs392bn through T-bills

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs392.17 billion. Read more

• PKR gains 6 paisa per USD

The Pakistani rupee (PKR) appreciated by 6.15 paisa or 0.02% against the US dollar in Wednesday’s interbank. Read more

• Pakistan receives $364m external financing in Feb

Pakistan secured external financing worth $364.15 million in February 2025 from multiple financing sources. Read more

• SECP seeks feedback on proposed framework for shares with varied rights

The Securities and Exchange Commission of Pakistan (SECP) has issued a consultation paper eliciting public input on a proposed policy framework for the. Read more

• SECP proposes amendments to recognize non-banking microfinance

The Securities and Exchange Commission of Pakistan (SECP) has issued a concept note proposing amendments to the Non-Banking Financial Companies. Read more

• Bank of Japan leaves policy rate unchanged amid U.S. tariff concerns

The Bank of Japan on Wednesday left its policy rate unchanged as it assesses the impact of U.S. President Donald Trump’s aggressive tariff plans on the. Read more

• PSX Closing Bell: All I Do Is Win

The benchmark KSE-100 Index concluded Wednesday’s trading session at 117,974.02. Read more

• Richards Bay coal market feels the heat

The price of Richards Bay coal has fallen to $88.50, marking a decline of $19.35 or 17.94%. Read more

• Big Bird Foods to install 3MW solar power system

Big Bird Foods Limited (PSX: BBFL) has decided to install a 3MW solar power system, reinforcing its commitment to sustainability and operational efficiency. Read more

• Bank deposit rate falls by 112bps in Feb

The return on bank deposits has decreased by 112 basis points to 5.58% in February 2025 compared to the deposit rate of 6.69% last month. Read more

• Overseas investors repatriate $1.6bn in 8MFY25

Foreign investors ‘ repatriation of profit and dividends rose 104% YoY in 8MFY25 to $1.55 billion compared to $760.19m worth of repatriation in the same. Read more

• Bela Automotives confirms PAI submission for 50% stake acquisition

Bela Automotives Limited (PSX: BELA) has confirmed the submission of a Public Announcement of Intention (PAI) by an acquirer seeking to acquire 2.9 million. Read more

• PM declares 3-day Eid-ul-Fitr holiday

The Prime Minister of Pakistan has declared a three-day public holiday for Eid-ul-Fitr, from March 31 to April 2. Read more

• FFC signs MoUs to boost financial inclusion for farmers

Fauji Fertilizer Company (FFC) has signed Memorandums of Understanding (MoUs) with four leading banks to facilitate clean financing. Read more

• World growth slows as US trade war fuels inflation, delays Fed rate cuts

The new US administration has started a global trade war that will reduce US and world growth, push up US inflation, and delay Federal Reserve rate cuts. Read more

• Spot gold hits record high amid Middle East tensions, fed decision anticipation

Gold prices rose to hit a record high on Wednesday, as tensions in the Middle East and trade uncertainties lifted the bullion’s safe-haven appeal, while. Read more

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