MG Morning Breeze: Updates to Skim before Market

April 04, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• 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

• Gold price in Pakistan rises Rs500 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs325,500 per tola, up Rs500. Read more

• NEPRA declares relief for consumers in latest tariff adjustment

The National Electric Power Regulatory Authority (NEPRA) has declared a reduction of Rs1.90 per unit in electricity tariffs for consumers across Pakistan. Read more

• SBP reserves rise $69.5m in a week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $69.5 million or 0.66% WoW to $10.68 billion. Read more

• Pakistan’s trade deficit shrinks by around 8% in March 2025

Pakistan’s trade deficit stood at $2.12 billion in March 2025, reflecting a 7.83% improvement compared to February 2025, according to the latest data. Read more

• PKR falls 40 paisa per USD

The Pakistani rupee (PKR) weakened by 39.56 paisa or 0.14% against the US dollar in Thursday’s interbank. Read more

• VIS maintains entity rating of Towellers Limited

VIS Credit Rating Company Limited has maintained entity ratings of ‘A/A1’ (Single A/A One) assigned to Towellers Limited (PSX: TOWL). Read more

• Bank deposits decrease by nearly 2% to Rs30tr in Feb

The total deposits held by scheduled banks have moved down by 1.8% to Rs30.46 trillion in February compared to Rs31tr by the end of last month. Read more

• PSX Closing Bell: Run the World

The benchmark KSE-100 Index concluded Thursday’s trading session at 118,938.11, showing an increase of 1,131.37 points or 0.96%. Read more

• PSX in March: No Mountain High Enough

Bulls made their way to the local bourse in March 2025 as the benchmark KSE 100 index touched all time high of 119,421.81. Read more

• Electricity prices for residential users cut by over Rs7

Electricity prices for residential users in Pakistan have been reduced by Rs7.41, bringing the rate down to Rs34.37 per unit, while prices for industrial. Read more

• Saif Power receives outstanding payment from CPPA

Saif Power Limited has stated that the Central Power Purchasing Agency (CPPA) has made payment of outstanding. Read more

• US-Pakistan trade ties on thin ice after new tariff hike

US President Donald Trump has escalated the trade war by imposing a baseline 10% tariff on all imports, along with higher duties. Read more

• OGDC revives production from Chak #2-2 well in Sinjhoro Block

Oil & Gas Development Company Limited (PSX: OGDC) has successfully revived production from the Chak #2-2 well, a joint venture located in the Sinjhoro Block. Read more

• March inflation slows to 0.7%

Pakistan’s inflation slowed to 0.7% in March 2025, compared to 1.5% in the previous month and 20.68% in March 2024. Read more

• Saudi Arabia limits multiple-entry visas for 14 countries, including Pakistan

Saudi Arabia has revised its visa policies for travelers from 14 countries including Pakistan, restricting multiple-entry visas for business, tourism, and. Read more

• OGDC reports third gas, condensate discovery

Oil & Gas Development Company Limited (PSX: OGDC) has reported a third gas and condensate discovery at the Spinwam-1. Read more

• M2 rises by Rs237bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs236.79 billion WoW to Rs36.3 trillion as of March 21, 2025, data. Read more

• Govt borrows Rs308bn debt in a week

The government of Pakistan has acquired an additional debt of Rs308.27 billion during the week ended March 21, 2025, which brings its total net borrowing for. Read more

• Trump hits Pakistan with 29% tariff under new trade plan

The United States has significantly raised tariffs on Pakistani exports, increasing rates from 4-5% to 29% under its reciprocal trade policy. Read more

• Ruby Textile Mills struggles to resume operations

The management of Ruby Textile Mills Limited (PSX: RUBY) is anxiously working on the foremost solution to initiate operations. Read more

• PMI renamed Wasl Mobility Modaraba

The First Prudential Modaraba (PSX: PMI) has officially changed its name to Wasl Mobility Modaraba. Read more

• Pakgen Power’s profit declines by around 24% in 2024

Pakgen Power Limited (PSX: PKGP) has reported a profit after taxation of Rs4.47 billion for the year ended December 31, 2024, reflecting a 23.76% decline. Read more

• Avanceon reports nearly 21% decline in profit, posting Rs2bn for 2024

Avanceon Limited (PSX: AVN) has announced its financial results for the year ended December 31, 2024, reporting a profit of Rs2.07 billion, reflecting a. Read more

• Lalpir Power reports significant YoY profit decline

Lalpir Power Limited (PSX: LPL) reported its earnings for the year ended December 31, 2024, wherein the profit after tax dropped to Rs464.79 million. Read more

• DM Textile shifts to real estate, seeks compliance status

DM Textile Mills Limited (PSX: DMTX) has secured approval from its Board of Directors and shareholders to shift its. Read more

• Mari Energies strikes third gas, condensate discovery at Spinwam-1

Mari Energies (PSX: MARI) has made a third significant gas and condensate discovery at the Spinwam-1 exploration well in the Waziristan Block. Read more

• Octopus Digital’s profit drops by 45% in 2024

Octopus Digital Limited (PSX: OCTOPUS) posted a profit of Rs205.55 million for the year ended December 31, 2024, reflecting a 44.95% drop compared to. Read more

• CPPA-G settles outstanding receivables with Nishat Power

The Central Power Purchasing Agency (Guarantee) Limited has made the payment of outstanding receivables to Nishat Power Limited (PSX: NPL), as agreed in the. Read more

• LOTCHEM to suspend operations for inventory management

Lotte Chemical Pakistan Limited (PSX: LOTCHEM) stated that plant operations will remain suspended from 28 March. Read more

• Pakgen Power receives almost Rs11bn from CPPA-G under NSA

Pakgen Power Limited (PSX: PKGP) has received Rs10.9 billion from CPPA-G under the Negotiated Settlement Agreement (NSA). Read more

• TPL Properties uncovers gas pocket at Korangi Creek site

TPL Properties Limited (PSX: TPLP) discovered a pocket of underground gas during a preliminary site investigation at their. Read more

• Capital signs mining services contract at Reko Diq

Capital (LSE: CAPD), a leading mining services company, is pleased to announce the signing of a material mining services contract at Reko Diq to generate. Read more

• Reciprocal tariffs in U.S. Pakistan holds cost advantage over key competitors

President Donald Trump said Wednesday that the United States will impose reciprocal tariffs of at least 10% on all imported goods. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. Read more

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