MG Morning Breeze: Updates to Skim before Market

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February 25, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.PSX enhances maximum order limits across various marketsThe Pakistan Stock Exchange (PSX) has informed all market participants about the enhancement of maximum order limits in the trading system across. Read moreChina dominates global automotive market in 2024 with record 6mn exportsChina became the world’s largest automotive market by the end of 2024, selling over 31 million units and accounting for 35% of global sales, while its car. Read morePM Shehbaz to visit Uzbekistan for bilateral talksPakistan and Uzbekistan are set to strengthen their bilateral relations as Prime Minister Muhammad Shehbaz Sharif embarks. Read morePakistan, Azerbaijan to expand investment to $2bnPakistan and Azerbaijan have agreed to expand bilateral investment up to $2 billion in mutually beneficial projects. Read moreSBP’s November FX purchases stand at over $1bnThe State Bank of Pakistan (SBP) has made a net FX purchase of $1.15 billion during November 2024. Read morePearl Villas by Hashoo Group & Neelishang Hills set to attract FDI, high-end tourismHashoo Group’s Real Estate Division, in partnership with Neelishang Hills, has officially announced the development of Pearl Villas. 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 moreCCP urges public to report illegal cartels, offers rewards up to Rs2mnThe Competition Commission of Pakistan (CCP) has called for cooperation from the general public and relevant stakeholders to take strict action against. Read morePakistan, Azerbaijan discuss $2bn investment, strengthening tiesPakistan and Azerbaijan reaffirmed their strategic partnership as Prime Minister Muhammad Shehbaz Sharif. Read moreCGT on listed PSX share disposals for January to be collected on March 3The aggregate amount of Capital Gains Tax (CGT) arising from the disposal of shares at the Pakistan Stock Exchange (PSX) for the period from January 1 to. Read moreSBP hosts 16th SAARCFINANCE seminar on central banking challengesThe State Bank of Pakistan (SBP) successfully organized the 16th SAARCFINANCE Seminar, titled “Challenges. Read moreImage Pakistan sees profit more than double to Rs557mnImage Pakistan Limited (PSX: IMAGE) has reported a remarkable 126% increase in its profit after taxation for the half-year ended December 31, 2024, reaching. Read moreSazgar Engineering reports 368% profit surge in H1FY25Sazgar Engineering Works Limited (PSX: SAZEW) recorded a net profit of Rs6.63 billion [EPS: Rs109.6] during the. Read morePSX Closing Bell: Viva La VidaThe benchmark KSE-100 Index concluded Monday’s trading session at 114,330.10. Read moreSBP grants EMI license to WemsolThe State Bank of Pakistan (SBP) has given a license to Wemsol Private Limited to commence commercial operations. Read moreCDNS achieves Rs850bn in fresh bonds, meets 51% of annual targetThe Central Directorate of National Savings (CDNS) has achieved a target of Rs850 billion in fresh bonds and achieved 51% of the annual target for the ongoing. Read moreFM urges SBP to consider cryptocurrency with ‘open mind’Authorities, including the State Bank of Pakistan (SBP), have been urged to approach the potential introduction of cryptocurrency with an “open mind” amid. Read moreAskari Bank’s profit slightly declines to over Rs21bnAskari Bank Limited (PSX: AKBL) reported a profit of Rs21.26 billion [EPS: Rs14.58] for the year ended. Read morePKR falls 9 paisa per USDThe Pakistani rupee (PKR) deteriorated by 9.27 paisa or 0.03% against the US dollar in Monday’s interbank session to settle. Read morePSO, SOCAR sign MoU to establish JTC in SingaporePakistan State Oil Company Limited (PSO) and the State Oil Company of the Azerbaijan Republic (SOCAR) signed a Memorandum of Understanding (MoU) today in. Read moreStrong response for Zarea Limited IPO, applications surpass around 22mn sharesThe Initial Public Offering (IPO) of Zarea Limited has received an overwhelming response from investors. Read moreGold price in Pakistan rises Rs1,500 per tolaGold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs309,500 per tola, up Rs1,500. Read moreinDrive brings cricket & culture alive with artistic rickshaw rallyWorld’s second most downloaded app inDrive brought the fusion of cricket, culture, and art to the forefront. Read moreFM’s Saudi visit opens doors for trade & investment in PakistanThe recent visit of Finance Minister Muhammad Aurangzeb to Saudi Arabia has marked a pivotal moment in strengthening Pakistan’s economic ties with the Kingdom. Read moreOil prices decline in Asia amid Kurdistan export prospectsOil prices slipped in Asia on Monday, extending losses from last week, on the prospect of a resumption of exports. Read moreBank deposits increase to Rs31tr in JanThe total deposits held by scheduled banks have moved up by 2.4% to Rs31 trillion in January compared to Rs30.28tr by the end of last month. Read moreJapan’s bond market adjusts as BOJ stays hands-offInvestors in Japan’s government bond market are getting a glimpse of life without heavy intervention by the Bank of Japan. Read moreFinMin emphasizes reforms to tackle tax evasion at Pakistan Banking SummitThe reform process in Pakistan continues as efforts are being made to curb tax evasion and corruption. Read moreTelegram fined A$1mn for ignoring safety concerns in AustraliaAustralia’s online safety regulator on Monday fined messaging platform Telegram about A$1 million ($640,000) for its delay. Read moreOIC nations must strengthen water governance: Romina AlamPakistan stands ready to work with its OIC partners to develop joint solutions, share research, and build a water-resilient. Read morePakistan, Azerbaijan expected to sign MoUs during PM Shehbaz’s visitPakistan and Azerbaijan are poised to strengthen their bilateral ties, with several Memorandums of Understanding. Read moreIMF delegation to discuss Pakistan’s $1bn climate resilience funding requestA technical delegation from the International Monetary Fund is scheduled to commence discussions in Islamabad regarding Pakistan’s appeal for over $1 billion. Read morePNSC reports Rs8bn profit for H1FY24, declares 100% dividendPakistan National Shipping Corporation Limited (PSX: PNSC) recorded a marginal decrease of 1.33% year-on-year. Read morePakistan, Azerbaijan discuss trade expansion, investment opportunitiesThe establishment of the Pakistan-Azerbaijan Joint Chamber of Commerce in Islamabad was a key focus. Read moreAlibaba unveils $50bn AI & cloud investment planChinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence. Read morePIA shareholders approve statutory report, Remuneration PolicyThe shareholders of PIA Holding Company Limited (PSX: PIAHCLA) have approved the statutory report of the company in the statutory meeting held on February 22. Read moreAsian markets slip after wall street’s weak finishAsian markets mostly fell Monday following a dour end to last week for Wall Street, where a disappointing. Read moreBGL’s net loss soars 155% in H1FY25 despite record revenue growthBalochistan Glass Limited (PSX: BGL) reported a significant increase in its net loss for the six-month period ending. Read moreMacter International doubles profit, reaches Rs397mnMacter International Limited (PSX: MACTER) reported a remarkable increase in profitability for the six-month. Read morePakistan Refinery Limited resumes operations on February 23Pakistan Refinery Limited (PSX: PRL) has restarted its refinery operations as of February 23, 2025. Read moreSSGC reports Rs8bn profit for nine months, reversing Rs17bn lossSui Southern Gas Company Limited (PSX: SSGC) has reported a net profit of Rs8 billion for the nine months ended March 31, 2024, marking a significant. Read moreStock futures surge after German election resultsThe euro jumped to a one-month high and stock futures charged ahead on Monday after Germany’s. Read moreNBP issues foreign exchange ratesThe treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read moreCopyright Mettis Link NewsPosted on: 2025-02-25T08:19:48+05:00The post MG Morning Breeze: Updates to Skim before Market appeared first on Mettis Global Link.