MG Morning Breeze: Updates to Skim before Market

March 21, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP reserves rise $49m in a week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $48.9 million or 0.44% WoW to $11.15 billion. Read more

• PKR falls 2 paisa per USD

The Pakistani rupee (PKR) deteriorated by 1.77 paisa or 0.01% against the US dollar in Thursday’s interbank session to settle the trade at PKR 280.23. Read more

• PSX notifies Jumua-tul-Wida, Eid holidays

The Pakistan Stock Exchange (PSX) will remain closed on Friday, March 28, 2025, in observance of Jumua-tul-Wida. Read more

• Gold price in Pakistan rises Rs1,800 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs320,800 per tola, up Rs1,800. Read more

• Meezan Bank, NED University partner to launch centre for Islamic Finance & FinTech

Meezan Bank, Pakistan’s leading Islamic bank, and NED University of Engineering and Technology have signed a landmark Memorandum of Understanding (MoU). Read more

• National Savings updates profit rates

The government has again adjusted National Savings Schemes (NSS) profit rates across various investment categories. Read more

• Emerging markets see nearly $16bn net inflow in February

Non-resident portfolio flows to emerging markets registered a net inflow of $15.9 billion in February, continuing the divergence seen in previous months. Read more

• PSX Closing Bell: I Believe I Can Fly

The benchmark KSE-100 Index concluded Thursday’s trading session at 118,769.77, showing an increase of 795.75 points or 0.67%. Read more

• Oil prices climb as U.S. fuel demand outlook strengthens

Oil prices rose on Thursday, boosted by a strong outlook for demand in the United States after fuel inventories fell more than expected, and a weaker U.S. Read more

• Pakistani banks sustain growth surge with robust profits in 2024

The banking sector wrapped up 2024 on a strong note, backed by higher interest earnings and increased non-mark-up income. Read more

• OMO Result: SBP injects around Rs888 bn

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

• Pakistan to legalize crypto trading to attract global investment

Pakistan is planning to create a legal framework for cryptocurrency trading in a bid to lure international investment, reports have suggested. Read more

• Pakistan, South Africa to boost defence cooperation

Pakistan and South Africa are keen on enhancing defence ties by exploring opportunities for collaboration in training, technology exchange, and defence. Read more

• Asian stocks climb as Fed holds rates

Most Asian equities rose on Thursday after US Federal Reserve Chair Jerome Powell suggested that any tariff-driven increase. Read more

• Amreli Steels extends suspension of operations at SITE Rolling Mill

Amreli Steels Limited (PSX: ASTL) has extended the temporary suspension of its operations at the SITE Rolling Mill (SRM) for an additional six months. Read more

• AKD Securities resumes public offer for TRG Pakistan shares

AKD Securities Limited, acting as Manager to the Offer on behalf of Greentree Holdings Limited, has announced the resumption of the public. Read more

• Pakistan, Saudi Arabia to fast-track initiatives under SIFC

Pakistan and Saudi Arabia have agreed to accelerate joint initiatives in energy, infrastructure, agriculture, and technology under. Read more

• KSE-100 hits historic high, surges past 119,000 mark

The KSE-100 Index made history in Thursday’s intraday session, reaching an all-time high of 119,132.95 points. Read more

• Pakistan for swift execution of $1bn port modernization investment

To enhance trade and maritime capabilities, Pakistan is set to accelerate its $1 billion port modernization investment. Read more

• PDA urges govt to reduce GST on packaged milk to ease prices

The Pakistan Dairy Association (PDA) has urged the government to reconsider the 18% General Sales Tax (GST) on packaged milk. Read more

• Turkish lira falls 10%, stocks drop 7% after Imamoglu’s arrest

Turkey’s benchmark stock index, BIST 100, fell sharply by 6.9% following the detention of Istanbul Mayor Ekrem Imamoglu on charges including graft and aiding. Read more

• BankIslami unveils ‘aik’: Pakistan’s 1st fully digital Islamic banking solution

BankIslami Pakistan Limited (PSX: BIPL) has introduced ‘aik,’ Pakistan’s first fully digital Islamic banking solution, marking a significant milestone in the. Read more???????

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