MG Morning Breeze: Updates to Skim before Market

June 04, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• CCP fines urea makers, trade body for price fixing

The Competition Commission of Pakistan (CCP) has taken decisive action against anti-competitive conduct in the fertilizer sector, imposing. Read more

• M2 rises by Rs88bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs88.22 billion WoW to Rs37.35 trillion as of May 23, 2025, data released. Read more

• Govt borrows Rs59bn debt in a week

The government of Pakistan has acquired an additional debt of Rs58.68 billion during the week ended May 23, 2025, which brings its total net borrowing for. Read more

• Pakistan cement sales decline slightly in 11MFY24-25

The domestic cement sales in Pakistan fell by 1.94% year-over-year during the first eleven months of the current fiscal year, with volumes. Read more

• Gold price in Pakistan rises Rs1,000 per tola

Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs354,100 per tola, up Rs1,000. Read more

• PSX Closing Bell: Cashing In Big

The benchmark KSE-100 Index concluded Tuesday’s trading session at 120,450.87, showing an increase of 1,573.07 points or 1.32%. Read more

• PKR weakens by 15 paisa against USD

The Pakistani rupee (PKR) decreased by 14.94 paisa or 0.05% against the US dollar in Tuesday’s interbank session to settle the trade at PKR 282.12 per USD. Read more

• President summons budget session of National Assembly for June 10 at 5 pm

The President has summoned the budget session of the National Assembly for June 10 at 5 pm. Read more

• Pakistan reaffirms commitment to SCO economic agenda

Pakistan reaffirmed its strong commitment to the Shanghai Cooperation Organization’s (SCO) economic cooperation agenda. Read more

• Pakistan boosts energy ties with Azerbaijan

The government has strengthened cooperation with Azerbaijan in the energy sector, according to Minister for Petroleum Ali. Read more

• MG Pakistan overcomes delays to maintain service

MG Pakistan has reaffirmed its commitment to quality and customer satisfaction by airlifting critical vehicle components. Read more

• SBP to remain closed for Eid-ul-Adha from June 6–9

The State Bank of Pakistan (SBP) has announced that it will remain closed from June 06 to June 09, 2025 (Friday to Monday). Read more

• ADB’s board approves $800m for Pakistan

The Asian Development Bank (ADB) has approved an $800 million financing package for Pakistan under the Resource Mobilization Reform Program (Subprogram-II). Read more

• World confidence grows as Pakistan’s economy gains momentum

Pakistan’s economic revival gains momentum as independent surveys and major global financial institutions highlight rising. Read more

• BRRG receives Shariah Compliance Certificate from SECP

BRR Guardian Limited (PSX: BRRG) has been issued a Shariah Compliance Certificate by the Securities and Exchange Commission of Pakistan (SECP). Read more

• Nishat Mills enters Pakistan’s EV market with Omoda, Jaecoo launch

Nishat Mills Limited (PSX: NML), the flagship company of the Nishat Group, has expanded into the electric vehicle market through its subsidiary, NexGen Auto. Read more

• CLVL injects nearly Rs50m into subsidiary CPML via 5m share allotment

Cordoba Logistics & Ventures Limited (PSX: CLVL) has injected equity of Rs49.99 million against the allotment of 4.9m shares (i.e., 99.99%) in Cordoba PE. Read more

• LSE Capital acquires 5% equity stake in Digital Custodian

LSE Capital Limited (PSX: LSECL) has acquired the entire 5% equity stake held by Asad Nawaz, a shareholder in Digital Custodian Company Limited. Read more

• Alpha Cement to acquire around 84% of ACPL, submits PAI via AHL

To acquire 84.06% shares of Attock Cement Pakistan Limited (PSX: ACPL) (the Target Company), a Public Announcement of Intention (PAI) has been submitted. 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 [10:10 am PST] showed. Read more

• Pakistan, Syria agree to strengthen bilateral ties

Pakistan and Syria have agreed to boost their bilateral exchanges to further strengthen their. Read more

• China’s manufacturing shrinks at fastest rate since 2022

China’s manufacturing sector contracted sharply in May, marking the fastest decline since September 2022. Read more

• PM emphasizes timely attention to water, energy projects

The need for enhanced water storage and energy generation has made projects like the Diamer-Bhasha Dam a top national priority. Read more

• PSX to remain closed from June 6 to June 9

The Pakistan Stock Exchange Limited (PSX) will remain closed from Friday, June 06, 2025 till Monday, June 09, 2025. Read more

• KAPCO Board approves joint control of Attock Cement with Fauji Foundation

The Board of Directors of Kot Addu Power Company Limited (PSX: KAPCO) has approved the acquisition of shares and joint control. Read more

• Pakistan’s OMC sales rise 5% MoM in May 2025, up 10% YoY

The sales volume of oil marketing companies (OMCs) in Pakistan saw a significant increase of 5% month-on-month (MoM) in May 2025, reaching a total of 1.53. Read more

• Pakistan, China call for end to unilateral moves

Pakistan and China have emphasized that aggressive posturing and unilateral actions must be firmly opposed, as they threaten. Read more

• Asia stocks mixed after China factory activity shrinks

Asia-Pacific markets traded mixed Tuesday following a sharp contraction in China’s manufacturing activity, raising concerns. 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

Copyright Mettis Link News