Friday, December 05 2025

Bullish momentum at bourse, KSE-100 gains over 1,100 points in early trade
Bullish momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,100 points during the opening minutes of trading on Friday. At 9:30am, the benchmark index was hovering at 167,424.92, an increase of 1,141.37 points or 0.69%. Across-the-board buying interest was observed in key sectors, including automobile assemblers, cement, fertilizer, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, POL, PPL, SSGC, NBP and UBL, traded in the green. The positive sentiment came as the Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, extended the term for the deposit of $3 billion maturing on December 8, 2025, for another year.
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Saudi Arabia extends $3bn deposit with Pakistan amid economic strain
Saudi Arabia has extended the maturity of its $3 billion deposit placed with the State Bank of Pakistan (SBP) for another year, continuing a financial lifeline that has helped bolster the country's foreign exchange reserves amid ongoing liquidity challenges. The extension, made through the Saudi Fund for Development (SFD), maintains a facility that has been in place since 2021 and rolled over repeatedly in support of Pakistan's macroeconomic stability. The deposit, originally due to mature on December 8, 2025, will now remain parked with SBP until December 2026. Officials said the extension reflects Riyadh's continued commitment to supporting Pakistan's economic foundation, helping strengthen reserve buffers and enabling the country to meet key International Monetary Fund (IMF) benchmarks.
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Japan’s investment in Pakistan crosses USD1.3bn mark: envoy
Japan’s investment in Pakistan has crossed USD 1.3 billion, the Japanese Ambassador Akamatsu Shuichi said on Tuesday, highlighting over seven decades of diplomatic and economic relations between the two nations. Speaking at the Annual Gala Dinner of the Pakistan-Japan Business Forum (PJBF) held at local hotel, the Ambassador said that ties between the two countries date back more than 70 years, beginning with the early cotton trade. Japanese investment, he said, now covers sectors including automobiles, energy, textiles, daily products and IT. Former Chairman PJBF Kalim Farooqui was also present on this occasion. Addressing the gathering, he praised the role of PJBF in promoting business linkages and serving as an economic bridge between the two countries for over two decades. He said the Forum is also a key stakeholder in the Japan-Pakistan Government Business Joint Dialogue, scheduled to take place in Tokyo from January 15–16 next year.
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New values of polyester partially oriented yarn issued
The Directorate General of Customs Valuation, Karachi, has issued new customs values of the polyester partially oriented yarn being imported from China for the assessment of duty/taxes. According to a ruling (2026) issued by the directorate on Thursday, a representation was received from the Pakistan Yarn Manufacturers Association (PYMA), wherein it was contended that the values of the said item needed to be aligned with prevailing international price trends. In view of the changing market conditions and to ensure fair and updated valuation, this Directorate General initiated an exercise for the fresh determination of customs values of Polyester Partially Oriented Yarn under Section 25A of the Customs Act, 1969. Accordingly, meeting notices were issued to all relevant stakeholders for consultation and submission of supporting documents.
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SNGPL says receivables hit alarming level of Rs114.287bn
Sui Northern Gas Pipelines Limited (SNGPL) has revealed that it is facing grievous liquidity issues due to an alarming level of outstanding dues of Rs 114.287 billion against the power sector, official sources told Business Recorder. “Power plants have shown their inability to pay outstanding dues to SNGPL due to non-release of amounts by CPPA-G and requested SNGPL to take up the matter with relevant quarters for early resolution of current situation. Currently, a huge amount is receivable from power sector due to which SNGPL is facing severe financial crisis and unable to full its commitments towards upstream gas suppliers,” said General Manager (Recovery) SNGPL. According to the company, out of Rs 165.256 billion, receivables against Guddu Power stood at Rs 30.485 billion, Nandipur Rs 15.716 billion, TPS Muzaffargarh Rs 1.436 billion, GTPS Faisalabad, Rs 2.267 billion, GTPS ShahdraRs 214 million, SPS Faisalabad Rs 86 million, NGPS Multan Rs 57 million, totaling to Rs 50.261 billion against Wapda’s power plants of which Rs 14.682 billion are on account of gas charges, Rs 3.056 billion RLNG tariff actualization charges, Rs 311 million GIDC (including LPS) and Rs 32. 212 billion are LPS (gas charges).
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