MG Morning Breeze: Updates to Skim before Market

April 30, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• China waives heavy tariff on U.S. ethane

China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge. Read more

• Pakistan, Kazakhstan sign key trade, economic agreements

Pakistan and Kazakhstan signed a series of key agreements during the 13th Session of the Joint Intergovernmental Commission (IGC) held in Islamabad. Read more

• Zarea gears up for export launch amidst aggressive expansion drive

Zarea Limited (ZAL), the B2B e-commerce marketplace redefining commodity procurement in Pakistan, is on the cusp of launching its export division. Read more

• PKR strengthens 5 paisa against USD

The Pakistani rupee (PKR) rose by 4.94 paisa or 0.02% against the US dollar in Tuesday’s interbank session to settle. Read more

• Pakistan marks milestone with digital FDI forum 2025

Pakistan marked a significant milestone in its digital transformation journey today with the inauguration of the first-ever Digital Foreign. Read more

• Bank of Khyber doubles profit in first quarter of 2025

The Bank of Khyber (PSX: BOK) reported a profit after tax of Rs1.6 billion for the quarter ended March 31, 2025, reflecting a robust year-on-year. Read more

• PSX Closing Bell: Healing Hurts

The benchmark KSE-100 Index concluded Tuesday’s trading session at 114,872.18, showing an increase of 808.28 points or 0.71%. Read more

• Gold price in Pakistan rises Rs2,100 per tola

Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs349,200 per tola, up Rs2,100. Read more

• Lalpir Power posts over Rs460m loss in Q1 2025

Lalpir Power Limited (PSX: LPL) released its financial results for the quarter ended March 31, 2025, reporting a loss after tax of Rs462.62 million. Read more

• SGF profit slumps over 65% in Q1 FY25

Service Global Footwear Limited (PSX: SGF) disclosed its financial results for the quarter ended March 31, 2025, reporting. Read more

• Askari Bank quarterly profit nearly doubles

Askari Bank Limited (PSX: AKBL) reported a profit of Rs7.16 billion [EPS: Rs4.94] for the quarter ended March 31, 2025, showing a. Read more

• OICCI urges key tax reforms to increase tax-to-GDP ratio to 14%

The Overseas Investors Chamber of Commerce and Industry (OICCI) has released its recommendations for the Federal Budget 2025-26. Read more

• Mughal Steel sees over 70% drop in nine-month profit

Mughal Iron and Steel Industries Limited (PSX: MUGHAL) reported a consolidated profit of Rs412.4 million [EPS: Rs1.23] for the nine-month period. Read more

• AIRLINK experiences a minor bump in profit path

Air Link Communication Limited (PSX: AIRLINK) reported a 7.27% decline in net profit for the nine months ended March 31, 2025. Read more

• Oilboy Energy cuts net loss by over 54% in nine-month period

Oilboy Energy Limited (PSX: OBOY) has reported a net loss of Rs16.8 million for the nine months ended March 31, 2025. Read more

• PSO sees over 42% decline in profit for nine-month period

Pakistan State Oil Company Limited (PSX: PSO) has reported its financial results for the nine months ended March 31, 2025. Read more

• World Bank approves $108m for KP projects

The World Bank recently approved $108 million in additional financing to the Rural Accessibility Project ($78 million). Read more

• Hub Power Company’s profit falls to over Rs38bn, down 29% YoY

Hub Power Company Limited (PSX: HUBC) reported a significant decline of 29.31% in its profitability for the nine months ended March 31, 2025. Read more

• PPL reports over 26% YoY decline in net profit

Pakistan Petroleum Limited (PSX: PPL) reported a 26.40% year-on-year decline in net profit for the nine months ended March 31, 2025. Read more

• SBP to remain close on May 01

The State Bank of Pakistan (SBP) will remain closed on Thursday, May 1, 2025, in observance of Labour Day. Read more

• Pakistan, Turkmenistan reaffirm commitment to TAPI project

Pakistan and Turkmenistan have reiterated their strong commitment to the timely completion of the Turkmenistan-Afghanistan. Read more

• CCP brings together judiciary, regulators for dialogue on competition law

The Competition Commission of Pakistan (CCP) hosted a high-level session titled “Leadership, Professionalism in Quasi-Judicial. Read more

• Pakistan expresses gratitude to China for support in agriculture

Pakistan expressed deep gratitude to the People’s Republic of China for its generous donation of modern agricultural machinery and. Read more

• Markets rise as traders gear up for earnings

Markets edged up Tuesday after a largely positive day on Wall Street with investors eyeing a busy week of data and earnings. Read more

• BF Biosciences maintains positive earnings momentum

BF Biosciences Limited (PSX: BFBIO) has reported a marginal increase in profitability for the nine months ended March 31, 2025. Read more

• IMF Executive Board to review Pakistan’s EFF Program on May 9

The International Monetary Fund (IMF) has scheduled Pakistan’s case for review on May 9, 2025. Read more

• TRG Pakistan receives court orders on Writ Petitions

TRG Pakistan Limited (PSX: TRG) has received certified copies of court orders regarding the adjudication of Writ Petitions 3383 and 3395 of 2025. Read more

• Money supply reaches Rs42tr as of Mar

The total money supply circulating within the economy till March 2025 has been recorded at Rs41.99 trillion. 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

• SBP’s Jan FX intervention stands at $154m

The State Bank of Pakistan (SBP) has made a net FX purchase of $154 million during January 2025. Read more

• DGKC profit more than doubles year-on-year

D.G. Khan Cement Company Limited (PSX: DGKC) has reported a stellar 131% year-on-year increase in its consolidated profit for the nine months ended March 31. Read more

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