MG Morning Breeze: Updates to Skim before Market

May 22, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Gold price in Pakistan rises Rs6,600 per tola

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs349,400 per tola, up Rs6,600. 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

• Govt slashes profit rates by up to 100 bps

The Directorate of National Savings has revised profit rates across various National Savings Schemes (NSS). Read more

• SECP halts guarantee business of United Insurance

The Securities and Exchange Commission of Pakistan (SECP) has officially ceased the guarantee business of The United Insurance. Read more

• PSX Closing Bell: Midweek Magic

The benchmark KSE-100 Index concluded Wednesday’s trading session at 119,931.45, showing an increase of 960.33 points or 0.81%. Read more

• Bank deposit rate falls by 12bps in Apr

The return on bank deposits has decreased by 12 basis points to 4.90% in April 2025 compared to the deposit rate of 5.01% last month, according to the latest. Read more

• PKR weakens by 5 paisa against USD

The Pakistani rupee (PKR) decreased by 4.80 paisa or 0.02% against the US dollar in Wednesday’s interbank session. Read more

• Shield Corporation Board decides to end diaper production

The Board of Directors of Shield Corporation Limited (PSX: SCL) has made the decision to discontinue the production of diapers. Read more

• MEHT approves demerger of apparel unit into MG Apparel

The Board of Directors has approved the demerger of Mehmood Textile Mills Limited (PSX: MEHT) by separating the apparel unit from the company. Read more

• Govt reviews PITAD’s impact on national trade strategy

To review the Pakistan Institute of Trade and Development’s (PITAD) pivotal role in shaping the nation’s trade landscape, Rana Ihsaan Afzal Khan. Read more

• Govt reaffirms commitment to sustainable economic growth

The government reaffirmed its strong commitment to sustainable, productivity-driven, and export-led growth during a meeting held at the. Read more

• India violating treaties with water terrorism

India’s actions have come under sharp criticism for what is being described as “water terrorism,” with accusations that its interference in river flows poses. Read more

• Pakistan’s per capita income hits record $1,824 in FY25

Pakistan’s per capita income has surged by 9.75% to a record high of $1,824 in FY25, up from $1,662 in the previous year. Read more

• Pakistan on path to economic development, says FinMin

Pakistan is now on the path of economic development, said Finance Minister Muhammad Aurangzeb during a meeting where proposals for the next fiscal year’s. Read more

• BNL to set up bread plant in Islamabad for northern expansion

The Board of Directors of Bunnys Limited (PSX: BNL) has unanimously resolved that a bread production plant will be installed in 1-9 Industrial Area. Read more

• Pakistan advances digital asset regulation with PDAA

In a landmark move to embrace the future of finance, the Ministry of Finance has unveiled a comprehensive strategy to regulate. Read more

• SBP introduces Regulatory Sandbox to support innovation

The State Bank of Pakistan (SBP) has unveiled its official Guidelines for the Regulatory Sandbox (RSB), a major step. Read more

• Finance Division introduces new climate budget form

As part of an enhanced climate-focused budgeting initiative, the Finance Division has introduced a new form, Form-III C. Read more

• FPCCI urges govt to review income tax amendment ordinance

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has demanded that the government review the Income Tax Amendment Ordinance. Read more

• Pakistan, China, Afghanistan to boost BRI ties, extend CPEC

Pakistan, China, and Afghanistan have agreed to deepen cooperation under the Belt and Road Initiative (BRI) and to extend the China-Pakistan Economic Corridor. Read more

• Power generation rises 22% YoY in April 2025

The total power generation in the country increased by 22% to 10,513 GWh during April as compared to 8,639 GWh in the same month of last year. Read more

• OGRA endorses gas revenue estimates for FY 2025-26

The Oil and Gas Regulatory Authority (OGRA) has finalized the Estimated Revenue Requirements (ERR) for Sui Southern Gas Company. Read more

• Spot gold prices soar amid escalating Israel-Iran tensions

Gold prices surged sharply on Wednesday during the Asian trading session, climbing past $3,300 per ounce and reaching an intraday high of $3,301.27—the. Read more

• Oil prices surge on report of possible Israeli strike on Iran

Oil jumped after CNN reported that US intelligence suggests Israel is making preparations to possibly. Read more

• NBP issues foreign exchange rates

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

• Asia stocks rise as wall street rally ends

Asia-Pacific markets traded mostly higher on Wednesday after Wall Street ended its six-day winning streak. Read more

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