February 24, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.Weekly Market RoundupPakistan equities started the week on a negative note but later positive developments on the economic side strengthened investor confidence which boosted buying. Read moreSHC dismisses petitions against windfall taxThe Sindh High Court (SHC) has dismissed petitions challenging the enforcement of Section 99D of the Income. Read moreGovt commits to supporting athletes with special needs: FinMinThe government is committed to promoting inclusivity and supporting athletes with special needs. Read moreGovt collects Rs23bn in windfall tax from 16 BanksThe government, by maintaining the windfall tax, has successfully collected Rs23 billion from 16 banks. Read moreKey Pakistan Market Stats and Economic IndicatorsMarket Data and Economic Indicators. Read moreCDWP greenlights major development projects worth Rs49.310bnThe Central Development Working Party (CDWP) has approved development projects worth Rs49.310 billion. Read morePakistan’s refineries struggle as OMCs fail to lift fuelPakistan’s refineries are facing severe challenges in sustaining operations due to the failure of Oil Marketing. Read moreCCP approves Nishat Hotels’ acquisition of Hotel MargalaThe Competition Commission of Pakistan (CCP) has approved Nishat's acquisition of assets of Hotel Margala Private Limited. Read moreFederal Govt extends Masroor Khan’s tenure as OGRA chairman for 1 yearThe Federal Government has extended the contractual appointment of Masroor Khan as Chairman of the Oil and Gas Regulatory Authority (OGRA) under the Cabinet. Read moreGold surges to $3,000 amid trade war concerns, market uncertaintyGold neared $3,000 per ounce as traders marked one month since U.S. President Donald Trump’s return to the White House and five years since COVID-19 first. Read moreSBP introduces Raast Participation CriteriaThe State Bank of Pakistan (SBP) has issued the Raast Participation Criteria to facilitate the incorporation of various. Read moreSBP awards first digital banking license to MBPLThe Governor of the State Bank of Pakistan (SBP) awarded the first restricted license for pilot operations to Mashreq Bank Pakistan Limited. Read moreAlibaba shares surge 14% after strong earningsShares in e-commerce titan Alibaba soared more than 14% Friday, extending a blistering rally in Hong Kong’s Hang Seng Index. Read moreSaudi Riyal to PKR exchange rateThe 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 morePSX Closing Bell: You Need to Calm DownThe benchmark KSE-100 Index concluded Friday’s trading session at 112,800.93, showing a decrease of 938.22 points or 0.82%. Read moreSECP seeks public feedback on capital issue, ESOS, stock splits, intermediary registrationThe Securities and Exchange Commission of Pakistan (SECP) has released four draft guidelines on capital issue, Employee Stock Option Schemes (ESOS), stock. Read moreGold price in Pakistan falls Rs2,000 per tolaGold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs307,000 per tola. Read moreStandard Chartered reports Rs46bn profit for 2024, declares dividendStandard Chartered Bank (Pakistan) Limited (PSX: SCBPL) has reported its financial results for the year ended December 31, 2024, reporting a profit after. Read moreGovt calls for strong price control measures for Ramadan & EidThe need for a coordinated and effective strategy to control the prices of essential goods during Ramadan and Eid was emphasized. Read moreRafhan Maize reports Rs7bn profit for 2024, declares dividendRafhan Maize Products Company Limited (PSX: RMPL) has reported a profit after taxation of Rs7 billion for the year ended December 31, 2024, reflecting an 8%. Read moreIMF completes scoping mission for governance, corruption assessment in PakistanAn International Monetary Fund (IMF) scoping mission visited Islamabad from February 6 to 14, 2025, to lay the groundwork for a Governance. Read moreOMO Result: SBP injects Rs1.75trThe State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today. Read moreTariq Glass sees about 17% decline in 1HFY25 profitTariq Glass Industries Limited (PSX: TGL)witnessed a 16.63% decline in net profit for the first half of the fiscal year 2025, posting Rs2.27. Read morePKR falls 11 paisa against USDThe Pakistani rupee (PKR) depreciated by 10.68 paisa or 0.04% against the US dollar in Friday’s interbank session to settle the trade. Read moreMeta reduces employee stock options by 10%Meta Platforms has cut back on its yearly distribution of stock options by about 10% for tens of thousands. Read moreOil prices dip but set for weekly gain on supply concernsOil prices edged down on Friday but were still poised for a weekly rise on concerns over supply disruptions. Read moreWeekly SPI increases by 0.27%Pakistan’s short-term inflation increased by 0.27% compared to the previous week, while it rose by 1.21% compared to the same period last year, the Pakistan. Read moreIMF team to visit Pakistan in March for 1st review of Extended Fund FacilityThe International Monetary Fund (IMF) staff team is scheduled to visit Pakistan in early to mid-March for discussions around the first review under Pakistan’s. Read moreEuropean stocks reach record highs amid strong Q4 earningsEuropean stocks have hit record highs this month, as companies have beat fourth-quarter revenue expectations. Read moreBOJ steps back as long-term interest rates riseInvestors in Japan’s government bond market are getting a glimpse of life without heavy intervention by the Bank of Japan. Read morePTCL to hold ceremony for Africa-1 CablePakistan Telecommunication Company Ltd (PSX: PTC) is set to hold a groundbreaking ceremony on February 22, 2025. Read morePakistan to strengthen investment climate in collaboration with MIGAPakistan is committed to fostering a conducive investment climate and continuing its collaboration with the Multilateral Investment Guarantee Agency (MIGA). Read moreCherat Cement’s net profit soars 51% to Rs5bn in 1HFY25Cherat Cement Company Limited (PSX: CHCC) has reported a remarkable 51.37% increase in its net profit for 1HFY25, reaching Rs5 billion compared to Rs3bn in. Read moreAgritech resumes Urea productionAgritech Limited (PSX AGL) has resumed the operations of its Urea Plant today, February. Read moreMurree Brewery reports around 60% YoY profit surge in 1HFY25Murree Brewery Company Limited (PSX: MUREB) recorded a significant 59.97% year-on-year (YoY) increase in profitability for the 1HFY25. Read moreFinMin engages leading dairy companies for sectoral developmentTo address industry challenges and explore policy measures for sectoral growth, Federal Minister for Finance and Revenue. Read morePakistan, International Road Assessment program sign landmark agreementAn agreement was signed under which the International Road Assessment Program will establish its own setup in Pakistan for the preparation. Read morePakistan sets $60bn export target for next five yearsA comprehensive and effective strategy has been directed to enhance Pakistan’s exports to sixty billion. Read moreNAB signs six MOUs with private institutionsThe National Accountability Bureau (NAB) has signed six Memorandums of Understanding (MOUs) with various private. Read moreCustoms clearance time slashed to 18 hours: Finance MinisterThe customs process has been reduced from several days to just 18 hours as obstacles to clearance have been removed, and tax reforms are being transformed. Read morePPDA condemns oil price deregulation, calls for reviewThe Pakistan Petroleum Dealers Association (PPDA) has strongly opposed the government’s decision to deregulate oil prices. Read morePakistan needs SDG-driven strategies for sustainable economic growthThere is a need to integrate Sustainable Development Goals (SDG)-driven strategies into Pakistan’s economic and development planning. Read moreECC under FinMin extends LNG framework agreementThe Economic Coordination Committee (ECC) of the Cabinet approved the extension of the LNG Framework Agreement. Read moreCommissioner Karachi initiates Complaint Cell for city issuesIn response to concerns regarding rising encroachments, dilapidated infrastructure, and severe traffic congestion on Karachi’s streets. Read moreLUCK to split shares 5-for-1, pending shareholder voteLucky Cement Limited (PSX: LUCK) announced a 5-for-1 stock split through its notice to PSX. Read more???????Copyright Mettis Link NewsPosted on: 2025-02-24T08:04:58+05:00The post MG Morning Breeze: Updates to Skim before Market appeared first on Mettis Global Link.