MG Morning Breeze: Updates to Skim before Market

August 27, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• ECC approves levy recovery deal with Cnergyico

The Economic Coordination Committee (ECC) of the Cabinet approved a settlement framework for the recovery of petroleum levy defaulted on by Cnergyico PK Limited (CPL) since 2019. Read more

• Customs system set for major overhaul

The government is all set to modernize Pakistan’s customs inspection and assessment system with advanced technology and a faceless mechanism to ensure transparency and efficiency. Read more

• USA issues notification for 50% tariff on Indian goods

The United States is set to sharply raise tariffs on imports from India, imposing an additional 25 percent duty that will bring the overall rate to 50 percent. Read more

• PSX Closing Bell: A Slight Dip in the Tune

The benchmark KSE-100 Index concluded Tuesday's trading session at 148,435.06, showing a decrease of 380.24 points or 0.26%. Read more

• PKR holds steady against USD

The Pakistani rupee (PKR) stayed flat against the US dollar in Tuesday's interbank session to settle the trade at PKR 281.86 per USD, compared to previous closing of 281.87. Read more

• GLAXO profit soars 154% YoY in half-year results

GlaxoSmithKline Pakistan Limited (PSX: GLAXO) posted a strong financial performance for the half-year ended June 30, 2025, with profit after taxation jumping 153.63% YoY to Rs4.20 billion [EPS: Rs13.17], compared to Rs1.65 billion [EPS: Rs5.19] in the same period last year. Read more

• BoK delivers outstanding profit growth in H1 2025

The profit after taxation of Bank of Khyber (PSX: BOK) surged by an impressive 117.09% to Rs 3.37 billion compared to Rs1.55bn in the same period last year. Read more

• Haleon Pakistan posts nearly 59% rise in H1 profit

Haleon Pakistan Limited (PSX: HALEON) posted strong half-year earnings for the period ended June 30, 2025, with profit after tax rising 58.63% YoY to Rs2.97 billion [EPS: Rs25.38] compared to Rs1.87bn [EPS: Rs16] in the same period last year (SPLY). Read more

• PICT faces reduced profit in first half

Pakistan International Container (PSX: PICT) reported a sharp decline in its half-year earnings for the period ended June 30, 2025, with profit after taxation dropping 85.3% YoY to Rs40.59 million [EPS: Rs0.37] compared to Rs276.11m [EPS: Rs2.53] in the same period last year (SPLY). Read more

• BATA loses its footing in H1 2025

Bata Pakistan Limited (PSX: BATA) witnessed a significant downturn in its financial performance during the six months ended June 30, 2025, posting a net loss of Rs113.4 million compared to a net profit of Rs470.9m in the same period last year. Read more

• Service Industries posts above 80% increase in half yearly profits

Service Industries Limited (PSX: SRVI) its financial results for the half-year ended June 30, 2025, posting a profit after tax of Rs7.84bn, compared to Rs4.28bn in the same period last year which showed an 83.4% increase. Read more

• Atlas Battery sees steep fall in yearly profit

Atlas Battery Limited (PSX: ATBA) posted a steep decline in its fiscal year 2025 earnings, with profit dropping 93.21% YoY to Rs91.21 million [EPS: Rs2.6] from Rs1.34 billion [EPS: Rs38.37] in FY24. Read more

• Pakistan’s virtual assets authority holds inaugural board session

The Pakistan Virtual Assets Regulatory Authority (PVARA) held its first board meeting in Islamabad, marking a pivotal step in Pakistan’s journey toward embracing blockchain, virtual assets and the digital economy. Read more

• Gold price in Pakistan rises Rs900 per tola

Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs360,700 per tola, up Rs900. Read more

• PM introduces 10m digital wallets

Prime Minister Shehbaz Sharif inaugurated the establishment of 10 million digital wallets and provision of 10m SIMs for beneficiaries of the Benazir Income Support Programme (BISP). Read more

• SGF achieves notable growth in half-year performance

Service Global Footwear Limited (PSX: SGF) posted a strong half-year performance, with profit after tax soaring 173.6% YoY to Rs1.14 billion [EPS: Rs5.54] for the period ended June 30, 2025. Read more

• Oil prices slip as traders monitor Russia-Ukraine tensions

Oil prices dipped slightly on Tuesday after surging nearly 2% in the previous session, as traders closely monitored developments in the Russia-Ukraine conflict for potential effects on regional fuel supplies. Read more

• UAE President’s forthcoming visit expected to boost ties: PM

The official visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to Pakistan is expected at the earliest, with Prime Minister Muhammad Shehbaz Sharif expressing confidence that the visit would further strengthen relations between the two sides. Read more

• Govt reaffirmed resolve to revitalize industrial sector

The government is working on a priority basis to enhance industrial production and develop industries through world-class manpower and technology. Read more

• Trump warns China of 200% tariffs over rare-earth magnets

U.S. President Donald Trump stateside warned of steeper tariffs on China if exports of rare-earth magnets were curbed, threatening a precarious trade truce between the world’s two largest economies. Read more

• Auto financing in Pakistan rises to Rs286bn in July

Automobile financing in Pakistan has increased to Rs285.64bn in July 2025, witnessing a rise of 3.27% MoM compared to Rs276.61bn recorded in June 2025, according to the latest data released by the central bank. Read more

• Railway land encroachments to face joint crackdown

Security measures of Pakistan Railways came under review at the Railway Headquarters during a special session chaired by Federal Minister for Railways Hanif Abbasi and attended by Federal Interior Minister Mohsin Naqvi. Read more

• SCRA balance rises Rs1.73bn amid net selling of securities

The SCRA balance increased by Rs1.73bn during the week ending Aug 15, 2025 to close at Rs29.09bn. Read more

• NCCPL issues LC filing deadline

The National Clearing Company of Pakistan Limited (NCCPL) has directed all Securities Brokers (SBs) and Professional Clearing Members (PCMs) to submit their Audited/Reviewed (whichever applicable) Liquid Capital (LC) statements as of June 30, 2025. Read more

• ECC to finalize 2023 Oil Refining Policy Settlement worth hundreds of millions

The Economic Coordination Committee (ECC) meeting will convene today to address critical energy sector reforms worth billions of dollars, which include controversial power tariff adjustments and oil pipeline projects that could reshape the nation's economic landscape. Read more

• Pakistan hospital workers pressured to falsify reports in TPG rise fund investigation

At Evercare Lahore in Pakistan, staff have reported an overwhelming demand for cardiology procedures, with records showing that on some days a single doctor performing up to 17 in one day, leaving little time for proper sanitation and increasing the risk of infections, according to Bloomberg. Read more

• Pakistan Oxygen profit nearly triples in 1HCY25

Pakistan Oxygen Limited (PSX: PAKOXY) has posted a profit after tax of Rs901.56 million for the half year ended June 30, 2025, marking a 189.98% increase compared to Rs310.91m in the same period last year. Read more

• Pakistan becomes regional medical device hub with revolutionary 20-day licensing system

Pakistan is positioning itself as a regional hub for medical device manufacturing while maintaining international quality standards, following a comprehensive government review of the Drug Regulatory Authority of Pakistan's (DRAP) groundbreaking Online Registration and Licensing System for Medical Devices. Read more

• Saudi Riyal available at PKR 75.6 in open market

The current exchange rates for the Saudi Riyal (SAR) and UAE Dirham (AED) against the Pakistani Rupee (PKR) remained unchanged as of [10 am PST], while the Qatari Riyal (QAR) recorded a minor movement, maintaining a largely stable trend in today’s session. Read more

• SCBPL reports around 23% drop in half-year profit

Standard Chartered Bank (Pakistan) Limited (PSX: SCBPL) has reported its financial results for the six months ended June 30, 2025, posting a profit after taxation of Rs16.56 billion, down 22.9% from Rs21.48bn in the same period last year. Read more

• Cyan Limited posts Rs137m half-year profit

Cyan Limited (PSX: CYAN) shared its financial results for the half-year ended June 30, 2025 and recorded a profit after tax of Rs137.3 million, compared to Rs161.8m in the same period last year which showed a 15.2% decline. Read more

• Karachi Mayor, Climate Minister launch Pakistan's largest wastewater-to-industry conversion project

Pakistan's largest city is set to transform its massive sewage problem into an industrial solution, as top federal and city officials unveiled plans to convert wastewater into valuable resources for manufacturing. Read more

• Wafi Energy introduces shell’s next generation of fuels in Pakistan

Karachi, Pakistan Wafi Energy Pakistan, the exclusive licensee of Shell fuels and lubricants in the country, informed the launch of the new and improved Shell V-Power, marking a major milestone in premium fuel innovation for Pakistan’s motorists Read more

• OGDC gets $28m payment in circular debt settlement

Oil & Gas Development Company Limited (PSX: OGDC) has received its second monthly payment of Rs 7.725 billion ($28 million) from Power Holding Private Limited as part of an ambitious government-backed circular debt resolution mechanism. Read more

• Asia stocks weaken on U.S. tariff rhetoric, Fed uncertainty

Asia-Pacific markets mostly fell Tuesday, as investors weighed U.S. President Donald Trump's escalatory rhetoric on tariffs and assessed his move to fire Federal Reserve Governor Lisa Cook. Read more

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