*NEWS UPDATE* *Tuesday, June 17, 2025* Policy rate kept unchanged at 11pc - Neutral https://epaper.brecorder.com/2025/06/17/1-page/1053770-news.html FY26 growth target challenging: SBP - Neutral https://epaper.brecorder.com/2025/06/17/1-page/1053772-news.html SBP amends ‘undertaking’ for payments via Ads - Neutral https://epaper.brecorder.com/2025/06/17/1-page/1053771-news.html Tax fraudsters: Punishments will be reassessed: Aurangzeb - Neutral https://www.brecorder.com/news/40368105/tax-fraudsters-punishments-will-be-reassessed-aurangzeb Enterprises in SEZs, STZs: NA panel recommends capping tax exemptions - Neutral https://www.brecorder.com/news/40368096/enterprises-in-sezs-stzs-na-panel-recommends-capping-tax-exemptions SBP profit expected to reach Rs2.4tr in FY25: governor - Neutral https://www.thenews.com.pk/print/1322085-sbp-profit-expected-to-reach-rs2-4tr-in-fy25-governor Rupee hits 18-month low amid Middle East tensions - Negative https://www.thenews.com.pk/print/1321894-rupee-hits-18-month-low-amid-middle-east-tensions Pakistan consumer confidence rises by 4% in May - Positive https://mettisglobal.news/Pakistan-consumer-confidence-rises-by-4-in-May-53093 Pakistan’s business confidence rises in May 2025 - Positive https://mettisglobal.news/Pakistans-business-confidence-rises-in-May-2025-53092 Tax laws: PM directs formation of arrest powers review panel - Neutral https://www.brecorder.com/news/40368106/tax-laws-pm-directs-formation-of-arrest-powers-review-panel President approves “Off the Grid Levy Bill” to impose new tax on captive power plants - Negative https://profit.pakistantoday.com.pk/2025/06/16/president-approves-off-the-grid-levy-bill-to-impose-new-tax-on-captive-power-plants/ Pakistan to sign power purchase agreements for Karachi nuclear plants K-2 and K-3 - Neutral https://profit.pakistantoday.com.pk/2025/06/16/pakistan-to-sign-power-purchase-agreements-for-karachi-nuclear-plants-k-2-and-k-3/ No increase in PDL: Consumers to bear brunt of global oil price hike - Negative https://www.brecorder.com/news/40368109/no-increase-in-pdl-consumers-to-bear-brunt-of-global-oil-price-hike Balochistan faces fuel crisis amid disrupted Iranian oil supply, government denies shortage - Negative https://profit.pakistantoday.com.pk/2025/06/16/balochistan-faces-fuel-crisis-amid-disrupted-iranian-oil-supply-government-denies-shortage/ Govt to finalise revised power purchase deals with wind power plants in two weeks - Neutral https://profit.pakistantoday.com.pk/2025/06/16/govt-to-finalise-revised-power-purchase-deals-with-wind-power-plants-in-two-weeks/ Cement companies to pay 6% royalty after court ruling - Negative https://mettisglobal.news/Cement-companies-to-pay-6-royalty-after-court-ruling-53078 Gharibwal Cement commissions additional 12.5 MW solar power system - Positive https://profit.pakistantoday.com.pk/2025/06/16/gharibwal-cement-commissions-additional-12-5-mw-solar-power-system/ PSX lists Mughal Iron & Steel class ‘C’ shares - Neutral https://mettisglobal.news/PSX-lists-Mughal-Iron-Steel-class-C-shares-53091 FFC keen in acquiring stake in PIA - Positive https://www.brecorder.com/news/40368108/ffc-keen-in-acquiring-stake-in-pia UBL to slash share face value to Rs5 from June 23 - Neutral https://mettisglobal.news/UBL-to-slash-share-face-value-to-Rs5-from-June-21-53028 PTCL, TPL Insurance partner to power business digitalisation - Positive https://www.thenews.com.pk/print/1321901-ptcl-tpl-insurance-partner-to-power-business-digitalisation US Futures Drop With Iran in Focus: Markets Wrap https://www.bloomberg.com/news/articles/2025-06-16/stock-market-today-dow-s-p-live-updates?srnd=phx-markets Oil Moves Higher After Trump Calls for Evacuation of Tehran https://www.bloomberg.com/news/articles/2025-06-16/latest-oil-market-news-and-analytics-for-june-17?srnd=phx-markets WTI (Nymex): 71.81 USD/bbl BRENT (ICE): 73.17 USD/bbl ARAB LIGHT: 73.64 USD/bbl R BAY COAL: 91.25 USD/TON USDPKR (INTER-BANK): 283.17 USDPKR (OPEN-MKT.): 285.34