MG Morning Breeze: Updates to Skim before Market

May 27, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• NEOC issues weather alert as strong system approaches Pakistan

National Emergencies Operation Center (NEOC), NDMA, has issued an impact-based weather alert. Read more

• Gold price in Pakistan falls Rs2,600 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs351,500 per tola, down Rs2,600. Read more

• SBP’s Feb FX intervention stands at $223m

The State Bank of Pakistan (SBP) has made a net FX purchase of $223 million during February 2025, up by $69m from a purchase. Read more

• Money supply nears Rs43tr as of April

The total money supply circulating within the economy till April 2025 has been recorded at Rs42.07 trillion, according to provisional accounts. Read more

• Federal budget FY26 to offer tax relief for salaried class

The forthcoming federal budget, scheduled for June 10, will include tax concessions aimed at reducing the financial strain on salaried individuals, said. Read more

• PKR drops 8 paisa per USD

The Pakistani rupee (PKR) deteriorated by 8.40 paisa or 0.03% against the US dollar in Monday’s interbank session. Read more

• Federal budget focuses on long-term economic goals

The country’s economy has been placed at the heart of the upcoming federal budget, which aims to set a clear strategic. Read more

• PSX Closing Bell: Let It Go

The benchmark KSE-100 Index concluded Monday’s trading session at 118,221.12, showing a decrease of 881.55 points or 0.74%. Read more

• PSX lists Nets International on GEM Board

Pakistan Stock Exchange Limited has declared the listing of Nets International Communication Limited on the Growth Enterprise Market. Read more

• PACRA maintains entity ratings of Olympia Chemicals Ltd

Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Olympia Chemicals Limited at “A” for the long term and “A1”. Read more

• PACRA maintains entity ratings of Attock Refinery Ltd

Pakistan Credit Rating Agency Limited (PACRA) has updated the entry rating of Attock Refinery Limited (PSX: ATRL) to “AA” for long-term and. Read more

• Power sector financing nears completion, petroleum debt at Rs2.7tr

Work on the power sector’s linear bank financing is nearly complete, with disbursement expected within the next 2–3 weeks. Read more

• Govt appoints crypto expert to lead blockchain in Pakistan

Pakistan among an elite group of 7-9 nations with dedicated leadership on blockchain and crypto, as Prime Minister appoints. Read more

• Govt pushes for export economy, power sector self-reliance

The government has focused on building an exports-oriented economy rather than relying on imports, emphasizing the urgent need. Read more

• Railway set for improvements to become preferred travel choice

To make the railway a reliable and preferred means of travel in the country, Railways Minister Hanif Abbasi said. Read more

• Pakistan eyes higher defence spending in FY25–26 budget

Pakistan raised its defence budget for the fiscal year 2025–26 following heightened tensions with India and New Delhi’s. Read more

• VIS reaffirms entity rating of the Crescent Textile Mills Ltd

VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of The Crescent Textile Mills Limited. Read more

• K-Electric reviews NEPRA decision, may pursue remedies

K-Electric Limited (PSX: KEL) has evaluated the National Electric Power Regulatory Authority’s (NEPRA) decision in detail and will exercise available. Read more

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