MG Morning Breeze: Updates to Skim before Market

April 09, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan to finalize Karakoram Highway project with China during April visit

A delegation of financial and technical experts, led by the Chairman of the National Highway Authority (NHA), is set to visit. Read more

• Barrick Gold advances Reko Diq copper-gold project with $3bn financing

Barrick Gold Corporation and its partners in the Reko Diq Joint Venture have approved the project’s updated Feasibility. Read more

• Pakistan’s power sector debt swells to Rs2.53tr

Pakistan’s power sector is facing renewed fiscal strain as circular debt surged by Rs147 billion in the first two months of 2025. Read more

• Govt appoints Muzaffar Ahmed Mirza as SECP Commissioner

The federal government has appointed Mr. Muzzafar Ahmed Mirza as Commissioner, Securities and Exchange Commission of Pakistan (SECP). Read more

• Fitch cuts 2025 outlook for U.S. retail, consumer sectors

Fitch Ratings has lowered its 2025 outlook for the U.S. retail and consumer products sectors to Deteriorating from Neutral. Read more

• SBP targets to raise Rs5.75tr: Auction Calendar April – June

The government is targeting to raise Rs5.75 trillion during the three months from April – June 2025, through. Read more

• Pakistan, Turkiye dive into offshore oil hunt together

Pakistan and Turkiye signed a joint bidding agreement on Tuesday to work together in exploring offshore oil and gas in Pakistani waters. Read more

• Mughal Energy to launch coal unit after June boiler test

Mughal Energy Limited, a wholly owned subsidiary of Mughal Iron & Steel Industries Limited (PSX: MUGHAL), is expected. Read more

• Pakistan poises to emerge as global mining powerhouse, says Ishaq Dar

Pakistan’s strategic position is primed to emerge as a global mining powerhouse due to its vast untapped mineral potential, said Deputy Prime Minister and. Read more

• Win-win situation in Pakistan’s minerals sector to bring equal dividends to all: PM

The mineral companies from Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, the United States, China, and Britain were welcomed by Prime Minister. Read more

• Gold price in Pakistan falls Rs2,000 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs318,000 per tola, down Rs2,000. Read more

• Pakistan’s national airline set to report 1st profit in two decades

PIA Holding Company Limited (PSX: PIAHCLA), the national airline of Pakistan, is set to report its first annual profit in more than two decades, ahead of. Read more

• PKR nears 281 per USD

The Pakistani rupee (PKR) has continued its downward trajectory, depreciating by 15.62 paisa (0.06%) against the US dollar. Read more

• Pakistan Mineral Investment Forum opens, attracting 300 foreign delegates

The two-day Pakistan Mineral Investment Forum (PMIF-25), attracting around 300 foreign delegates, began on Tuesday with a focus on promoting. Read more

• Pakistan, Azerbaijan to boost bilateral ties through multi-sectoral cooperation

Pakistan and Azerbaijan to further strengthen bilateral relations through robust multi-sectoral cooperation. Read more

• PSX Closing Bell: I Get Knocked Down, But I Get Up Again

Reeling from yesterday’s high volatility, the local bourse rebounded today as the benchmark KSE-100 index concluded. Read more

• SECP issues FAQs on Private Fund Sector

The Securities and Exchange Commission of Pakistan (SECP) has issued a set of Frequently Asked Questions (FAQs) regarding the Private Fund Sector. Read more

• Samsung posts record Q1 sales, beats profit expectations

Samsung Electronics on Tuesday posted highest ever figures for its first quarter sales forecast and said it predicted a better-than-expected. Read more

• Pakistan Minerals Investment Forum opens in Islamabad

A two-day Pakistan Minerals Investment Forum opened at the Jinnah Convention Center in Islamabad today. Read more

• IGI Holdings withdraws intention to acquire stake in Mitchells Fruit Farms

IGI Holdings Limited (PSX: IGIHL) has received a letter for the withdrawal of its public announcement of intention to acquire up to 40.63%. Read more

• US shows emerging market signs after tariff shock, says Euronext CEO

The United States is starting to resemble an emerging market more than a developed country, Euronext’s CEO Stephane Boujnah said on Tuesday as financial. Read more

• Pakistan-Azerbaijan talks focus on MoUs, investments

Pakistan and Azerbaijan are working to finalize various Memorandums of Understanding (MoUs) as well as key investment projects. Read more

• Fatima Fertilizer reveals major copper-gold discovery in Balochistan

Fatima Fertilizer Company Limited (PSX: FATIMA), through its 33.33% equity stake in National Resources (Private) Limited (NRL), has revealed a significant. Read more

• OGDC makes 4th gas, condensate discovery at Spinwam-1

Oil & Gas Development Company Limited (PSX: OGDC) has reported the fourth gas and condensate discovery in the Lockhart Formation at the Spinwam-1 Well. Read more

• Over 400 international students, including Pakistanis, face visa cancellations in U.S.

The visas of more than 400 international students, including those from Pakistan and other Muslim-majority countries. Read more

• NRL discovers major copper-gold deposit in Chagai, Balochistan

National Resources Limited (NRL) has discovered significant copper-gold mineralization in Chagai, Balochistan. Read more

• Spot gold drops nearly 1% to $3,010 an ounce

Spot gold was down 0.8% at $3,010.65 an ounce as of [12:09 pm] PST on Tuesday, according to data reported by Mettis Global. Read more

• Oil prices bounce back amid global recession fears

Oil prices rose more than 1% on Tuesday, rebounding after a hefty selloff in recent sessions led by concerns that U.S. tariffs might depress demand. Read more

• MARI makes fourth gas, condensate discovery at Spinwam-1 well

Mari Energies Limited (PSX: MARI) has made its fourth gas and condensate discovery at the Spinwam-1 exploratory well, located in the Lockhart. Read more

• ECO discusses regional cooperation, trade initiatives

The Economic Cooperation Organisation’s (ECO) initiatives to enhance regional economic cooperation and strengthen its role in promoting trade. Read more

• PREMA to raise Rs750m through private placement of Islamic Sukuk

At-Tahur Limited (PSX: PREMA) is in the process of raising funds through a privately placed Islamic Sukuk worth Rs750 million. Read more

• Listed companies required to report gender pay gap data

The listed companies are now mandated to report gender pay gap data in their annual reports and disseminate it on their websites. Read more

• PSX sets dues settlement deadline for companies by April 21

The Pakistan Stock Exchange (PSX) has set a deadline of April 21, 2025, for companies to rectify non-compliance with Clause 5.11.1.(d) of the PSX Regulations. Read more

• IMS lowers CY25/26f earnings by 8%, ups TPs 4% on stronger ROE outlook

Intermarket Securities Limited (PSX: IMS) has revised earnings estimates by incorporating updated assumptions on interest rates, provisions, and capital gains. Read more

• PSX rebounds, KSE-100 index gains over 1% in early trade

In a welcome reversal from the widespread volatility seen in Asian markets overnight, Pakistan’s stock market also clawed back. Read more

• China vows not to bow to U.S. tariff pressure

China vowed not to bow to “blackmail” from the United States as a global trade war ignited by U.S. President Donald Trump’s sweeping tariffs showed. Read more

• U.S. expresses interest in Pakistan’s trade, mineral sector

The United States has expressed strong interest in expanding commercial opportunities for its companies, particularly eyeing the critical minerals. Read more

• NBP issues foreign exchange rates

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

• Asia stocks rebound after hitting 1.5-year lows

Asian stocks bounced off 1-1/2-year lows and U.S. stock futures pointed higher on Tuesday, as markets caught their breath after recent. Read more

Copyright Mettis Link News