MG Morning Breeze: Updates to Skim before Market

April 10, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Atlas Honda clarifies plans for electric bike launch

Atlas Honda Limited (PSX: ATLH) has clarified its position regarding the potential launch of an electric bike. Read more

• SANE faces operational halt due to legal proceedings

During the quarter under review, the operations of Salman Noman Enterprises Limited (PSX: SANE) remained suspended due to an ongoing legal dispute with a. Read more

• PSX to raise Rs310m: Auction Calendar April-June

The Pakistan Stock Exchange Limited (PSX) will conduct auctions targeting to raise Rs310 million during the three-month period from Apr-25 to Jun-25 through. Read more

• K-Electric proposes Rs6.62 per kWh FCA relief for customers in February

K-Electric submitted provisional monthly fuel charge adjustments (FCA) request for February 2025, to be translated. Read more

• SECP, PSX seek stakeholder comments on new listing framework

The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Pakistan Stock Exchange (PSX), is seeking comments from stakeholders. Read more

• Cabinet committee approves around Rs42bn NSPC share purchase deal

The Committee approved the proposal to execute the Share Purchase Agreement between the Finance Division and PSPC for acquisition. 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 raises Rs427bn through PIB auction

The State Bank of Pakistan (SBP) conducted an auction on Wednesday, raising Rs427.13 billion through the sale of Pakistan Investment Bonds. Read more

• Lucky Investments raises Rs50bn in record breaking IPO

Lucky Investments Limited has successfully raised Rs50 billion during the Initial Public Offering (IPO). Read more

• Pakistan, Italy target $3bn trade goal in coming years

Pakistan and Italy have set an ambitious target to double their bilateral trade volume to at least $3 billion in the coming years. Read more

• Pakistan, Saudi Arabia to boost ties, explore investment in energy, minerals

Pakistan and Saudi Arabia to strengthen bilateral ties and explore investment opportunities in Pakistan’s oil, gas, and mineral resources. Read more

• China boosts tariffs to 84%, intensifying trade conflict with the US

China again vowed to “fight to the end” Wednesday in an escalating trade war with the U.S. as it announced it would raise tariffs. Read more

• IMF mission to meet SCBAP President in Islamabad on April 10

The Supreme Court Bar Association of Pakistan (SCBAP) has received an email from the International Monetary Fund (IMF) stating that their main mission, which. Read more

• PSX Closing Bell: Because Green Days are Rare

The benchmark KSE-100 Index concluded Wednesday’s trading session at 114,153.15 Read more

• Spot gold rises as Trump’s tariffs kick in, dollar dips

Gold prices firmed on Wednesday as traders sought the safe-haven asset after U.S. President Donald Trump’s reciprocal tariffs came into effect, while a weaker. Read more

• Sitara Developers acquires 100,000 SITC shares on PSX

Sitara Developers (Private) Limited has purchased 100,000 shares of Sitara Chemical Industries Limited (PSX: SITC) at Rs370.00 per share through. Read more

• Pakistan to send high-level delegation to U.S. for tariff negotiations

Pakistan has decided to send a high-level delegation to the United States to negotiate new tariffs imposed on imports and to promote trade relations. Read more

• Gold price in Pakistan rises Rs3,000 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs321,000 per tola, up Rs3,000. Read more

• PKR falls 5 paisa against USD

The Pakistani rupee (PKR) weakened by 5.00 paisa or 0.02% against the US dollar in Wednesday’s interbank session to settle the trade at PKR 280.77 per USD Read more

• Oil prices drop to lowest since February 2021

Oil prices fell for a fifth day on Wednesday to their lowest since February 2021 after U.S. President Donald Trump’s “reciprocal” tariffs took effect. Read more

• OGRA conducts safety checks on LPG facilities in Lahore

The Oil and Gas Regulatory Authority (OGRA), in collaboration with the local administration, conducted joint safety inspections of LPG storage tank. Read more

• FSWL seeks release of $2m in stuck funds, expects stay order lift

Fateh Sports Wear Limited (PSX: FSWL) is constantly pursuing the case for releasing of stuck-up amount of $2 million and expecting a vacation of stay order. Read more

• Alvarez & Marsal eyes Pakistan expansion to boost privatization

Alvarez & Marsal, a global professional services firm, is considering opening an office in Pakistan as part of its broader commitment to support the. Read more

• Sazgar produces 1,870 three-wheelers, 870 four-wheelers in March 2025

Sazgar Engineering Works Limited (PSX: SAZEW) produced 1,870 units and recorded sales of 1,970 units of three-wheelers during March 2025. Read more

• Women’s labor force participation in Pakistan at 23%, ADB reports

Women comprise almost half of Pakistan’s total working-age population, yet their labor force participation remained low at 23% in FY2021. Read more

• SBP clears appointment of NBP board directors under FPT criteria

The State Bank of Pakistan (SBP) has granted its clearance under the Fit and Proper Test (FPT) Criteria for the appointment of directors on the Board of the. Read more

• India’s central bank cuts policy rate by 25 bps to 6% amid growth concerns

India’s central bank cut its policy rate by 25 basis points to 6%, marking its lowest level since September 2022 as growth concerns mount in the world’s. Read more

• SECP warns public about unauthorized online trading platforms

The Securities and Exchange Commission of Pakistan (SECP) has issued a warning to the general public regarding the proliferation of unauthorized. Read more

• Pakistan, Kazakhstan to sign education MoUs soon

Pakistan and Kazakhstan are set to soon sign Memorandums of Understanding (MoUs) in the field of education, as stated by Minister Khalid. Read more

• Pakistan expresses desire to work with President Trump on strengthening ties

Pakistan expressed its desire to work with President Trump and his Administration to strengthen bilateral relations with the United States during. Read more

• Pakistan, Azerbaijan strengthen economic ties with high-level visit

To explore investment opportunities and strengthen bilateral economic cooperation, a high-level delegation from Azerbaijan, led by H.E. Read more

• KSE-100 bleeds again

The Pakistan Stock Exchange (PSX) faced a substantial intraday decline today as the benchmark KSE-100. Read more

• US discontinues 15-year global UGRAD programme for Pakistan

The United States has decided to discontinue the Global Undergraduate Exchange programme (Global UGRAD) for students from Pakistan, bringing an end. Read more

• Pakistanis can now avail 5-year multiple-entry UAE visas

Pakistanis can now avail of a five-year multiple-entry tourist visa following the resolution of existing issues, according to UAE Ambassador to Pakistan. Read more

• Tariff revenues to narrow US budget deficit: Fitch

Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size. Read more

• US sees win-win in soybean exports: Meyer

The recent economic strides in US-Pakistan trade, especially the revival of US soybean exports to Pakistan, were underscored by Eric Meyer. Read more

• Major currencies strengthen against US dollar despite tariffs

The currencies of most major economies have appreciated against the US dollar since the start of 2025, despite the massive jump in US tariffs, Fitch Ratings. Read more

• EU, China agree on strong trade reforms to counter US tariffs

Europe and China, two of the world’s largest markets, have agreed to support a strong and reformed trading system that is free, fair, and based on a level. Read more

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