*SYED FARAZ EQUITIES - SFEL* ```19th June, 2025``` *Business News Update:* *AJK govt unveils Rs310.2bn ‘tax-free’ budget* https://www.brecorder.com/news/40368513/ajk-govt-unveils-rs3102bn-tax-free-budget *Rs1.275trn loan deal finalised with banks* https://www.brecorder.com/news/40368549/rs1275trn-loan-deal-finalised-with-banks *MoF raises over Rs1.2trn through major govt bond auction* https://www.brecorder.com/news/40368548/mof-raises-over-rs12trn-through-major-govt-bond-auction *SBP raises Rs916bn in 22-day T-bills auction* https://mettisglobal.news/SBP-raises-Rs916bn-in-22day-Tbills-auction-53180 *SIFC meeting discusses $6bn upgrade projects of local refineries* https://www.thenews.com.pk/print/1322724-sifc-meeting-discusses-6bn-upgrade-projects-of-local-refineries *Finance Bill 2025: PBF urges PM to repeal Sections 37AA and 37B* https://www.brecorder.com/news/40368528/finance-bill-2025-pbf-urges-pm-to-repeal-sections-37aa-and-37b *MoF signs 1bn loan facility backed by ADB guarantee* https://www.bre