MG Morning Breeze: Updates to Skim before Market

June 02, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Govt hikes petrol price by Rs1 per litre, keeps diesel rate unchanged

The federal government has increased the prices of petroleum products by Rs1 per litre for the upcoming fortnight, according to a press release issued by the. Read more

• K-Electric CEO proposes load shedding plan for Karachi

In a bid to minimize load shedding in Karachi, a new formula has been proposed by K-Electric CEO Moonis Alvi. Read more

• Weekly Market Roundup

The market experienced a range-bound performance throughout the week, primarily influenced by uncertainty surrounding. Read more

• SBP clarifies virtual assets not illegal, cites lack of regulation in 2018 advisory

The State Bank of Pakistan (SBP) clarifies that, in 2018, it advised its regulated entities to avoid dealing in Virtual Assets (VAs) due to the absence of. Read more

• SECP proposes framework for algorithmic trading in Pakistan

The Securities and Exchange Commission of Pakistan (SECP) has released a Concept Paper proposing a regulatory framework for algorithmic trading in Pakistan’s. Read more

• Pakistan, US kick off reciprocal tariff discussions virtually

Pakistan’s formal negotiations on reciprocal tariffs with the US were initiated today through a telephonic/conference call between Muhammad Aurangzeb. Read more

• Gold price in Pakistan falls Rs700 per tola

Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs348,600 per tola, down Rs700. Read more

• SBP maintains rate of Special Cash Reserve Account at 3.32% for June

The State Bank of Pakistan (SBP) notified the rate of remuneration for June 2025 on Special Cash Reserve Account (US$) at 3.32%, as per a notice issued by. Read more

• PSX Closing Bell: Ain’t No Stoppin’ Us Now

May 30, 2025 (MLN): The benchmark KSE-100 Index concluded Friday’s trading session at 119,691.09, showing an increase of 719.69 points or. Read more

• Govt eyes relief for farmers

To address rising input costs and climate-related challenges, a comprehensive relief package for farmers was discussed during a key. Read more

• Cherat, Bestway eye stake in Attock Cement amid Pharaon’s exit plans

Pharaon Investment Group Ltd., a Lebanon-based company exploring a strategic sale of its stake in Attock Cement Pakistan Ltd (PSX: ACPL), has attracted. Read more

• Pakistan to establish Virtual Assets Regulatory Authority

The groundwork for the establishment of the Pakistan Virtual Assets Regulatory Authority (PVARA)—a proposed autonomous body to oversee the digital finance. Read more

• PKR rises by 4 paisa against USD

The Pakistani rupee (PKR) rose by 4.77 paisa or 0.02% against the US dollar in Friday’s interbank session to settle the trade at PKR 282.02 per USD. Read more

• OMO Result: SBP injects around Rs1tr

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today. Read more

• Govt, OICCI discuss energy priorities, economic stability

Pakistan reaffirmed its dedication to structural reforms in the energy sector and long-term economic stability during an interactive. Read more

• Pakistan invites Japanese firms to invest in mineral sector

To invest in Pakistan’s mineral sector, Japanese companies have been invited by the Minister for Commerce, Jam Kamal. Read more

• Weekly SPI decreases by 0.81%

Pakistan’s short-term inflation decreased by 0.81% compared to the previous week, while it rose by 0.41% compared to the same period last year, the Pakistan. Read more

• EPCL resumes operations post-maintenance

The plant of Engro Polymer & Chemicals Limited (PSX: EPCL) has resumed operations following the successful completion of maintenance activities. Read more

• Oil markets weaken ahead of possible OPEC+ output increase

Oil prices were on track to end the week down more than 1% on Friday amid whipsawing tariff rulings in the U.S. and as. Read more

• PFMA seeks approval for wheat import-cum-export to boost reserves

To enhance industrial activity, maintain supply chains, and boost the country’s foreign exchange reserves, the Pakistan Flour Mills Association (PFMA). Read more

• Pakistan supports global mediation with IOMed membership

Pakistan has joined the newly established International Organization for Mediation (IOMed) as a founding member, marking a significant. Read more

• WFP, Pakistan align on climate action, nutrition goals

To discuss climate-aligned collaboration under the WFP–Government of Pakistan five-year cooperation framework. Read more

• PIA resumes direct Dubai-Skardu flights today

Pakistan International Airlines (PIA) is set to resume direct flights from Dubai to Skardu, the scenic mountainous tourist destination. Read more

• PM calls for global unity to combat climate risks

To mitigate the negative impacts of climate change, a call for enhanced global action has been made by Prime Minister. Read more

• Pakistan, Tajikistan boost collaboration across key sectors

Pakistan and Tajikistan have reaffirmed their commitment to strengthen strategic cooperation and deepen bilateral relations across multiple. Read more

• Govt picks Rs160.85bn through Sukuk auction via PSX against a target of Rs250bn

The Pakistan Stock Exchange (PSX) conducted an auction today for the sale of Government of Pakistan Ijara Sukuk (GIS) bonds, raising Rs160.85 billion. Read more

• Saudi Riyal to PKR exchange rate

The current exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) against the Pakistani Rupee (PKR) as of [12:30 pm PST] showed. Read more

• NBP issues foreign exchange rates

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

• Pakistan’s economy shows signs of recovery

Pakistan’s economy is poised for a cautious recovery with gradual improvement expected in Large Scale Manufacturing (LSM), supported by rising automobile. Read more

• Asia markets slip following U.S. court ruling on Trump’s tariffs

Asia-Pacific markets fell Friday, weighed down by a slowing U.S. economy, inflation fears, and uncertainties stemming from judicial. Read more

Copyright Mettis Link News