MG Morning Breeze: Updates to Skim before Market

September 24, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• CCP engages students and academia at IIUI on competition law

The Competition Commission of Pakistan (CCP), in collaboration with the International Islamic University, Islamabad (IIUI), organized a session on “Competition Law in the Context of Changing Economic and Digital Landscape”, to raise awareness about the significance of competition law in fair markets, consumer welfare, and economic growth. Read more

• United Distributors receives $6m from FMC Corporation

United Distributors Pakistan Limited (PSX:UDPL) has received $6 million from FMC Corporation, a company incorporated in the State of Delaware, under a non-compete arrangement. Read more

• PSX issues notice for renewal of securities broker licenses

The Pakistan Stock Exchange (PSX) has directed all securities brokers to submit renewal applications for their licenses for the year 2026 by Monday, November 3, 2025. Read more

• PSX Closing Bell: Bulls Head In The Green

The benchmark KSE-100 Index concluded Tuesday's trading session at 157,945.02, showing an increase of 390.36 points or 0.25%. Read more

• K-Electric to retire Korangi and Site Gas Turbine Power Plants

K-Electric Limited (PSX: KEL), Pakistan’s largest private power utility, has announced plans to decommission two of its thermal power generation facilities as part of a strategic decision to optimize its generation fleet. Read more

• K-Electric posts Rs4bn profit in FY24

K-Electric Limited (PSX: KEL) has reported its financial results for the year ended June 30, 2024, showing a significant turnaround from the previous year. Read more

• GLAXO set to hit Rs610 by June 2026

GlaxoSmithKline Pakistan Limited (PSX: GLAXO) is expected to reach a target price of Rs610 per share by June 2026, implying a potential upside of 36% from current levels of Rs451. Read more

• PKR strengthens 2.87 paisa against USD

The Pakistani rupee (PKR) appreciated by 2.87 paisa against the US dollar in Tuesday's interbank session to settle the trade at PKR 281.42 per USD, compared to previous closing of 281.45. Read more

• Crude markets hold ground as geopolitical risks mount

Oil prices remained largely steady on Tuesday as traders weighed the effects of continuing geopolitical tensions in the Middle East and Russia, alongside concerns that trade tariffs could curb fuel demand. Read more

• Ferozsons Laboratories Limited profit surges 22%

Ferozsons Laboratories Limited (PSX: FEROZ) has shared its consolidated financial results for the year ended June 30, 2025, reporting a robust growth in both revenue and profit. Read more

• Pakistan-China collaboration boosts citrus exports with eco-friendly pest control

In the heart of Pakistan’s citrus belt, a pioneering collaboration between Chinese and Pakistani scientists is helping farmers overcome decades of crop losses and export rejections, signaling a potential turnaround for the country’s agricultural export economy Read more

• World Bank calls for people-centered reforms

The World Bank (WB), in a report released Tuesday drawing on 25 years of household survey data in Pakistan, emphasized the urgent need for bold, sustained, and people-centered reforms to reduce poverty, strengthen resilience and safeguard vulnerable groups. Read more

• Gold nears Rs400,000 per tola

Gold soared to new heights in Pakistan on Tuesday, with 24-karat gold glittering at Rs398,800 per tola after a remarkable jump of Rs5,100. Read more

• Pakistan, GCC agree to deepen cooperation at UNGA

Pakistan reaffirmed its commitment to strengthening multifaceted cooperation with the Gulf Cooperation Council (GCC) as Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar met GCC Secretary General Jasem Mohamed AlBudaiwi on the sidelines of the 80th UN General Assembly session. Read more

• Sindh Govt vows modern travel facilities pink scooters, double-decker

The Sindh government, with support from the World Bank, has started accelerating work on the Yellow Line Bus Rapid Transit (BRT) project in Karachi, with the Senator Taj Haider Bridge set to open to the public within a week. Read more

• PM calls for roadmap to boost investment and trade

Prime Minister Shehbaz Sharif has called for accelerated efforts to initiate viable projects aimed at boosting investment and trade across Pakistan’s key sector. Read more

• KP Govt imposes 60-day ban on mining in Karak to curb illegal activities

The Khyber Pakhtunkhwa (KP) government has imposed a 60-day ban on all mining and gold exploration activities in Karak district in a bid to curb rising incidents of illegal mining. Read more

• Power Division restores majority of grids, feeders in flood-hit areas

The Ministry of Energy (Power Division) on Tuesday reported significant progress in restoring electricity across flood-affected areas of the country, with the majority of damaged grids and feeders now back online, as APP reported. Read more

• OGDC's FY25 profit falls to Rs170bn

Oil & Gas Development Company Limited (PSX: OGDC) reported financial results for the year ended June 30, 2025, posting a profit after tax of Rs169.90 billion, down 18.70% from Rs208.98bn in the preceding year. Read more

• Pakistan values its ties with China

Pakistan has reaffirmed the depth of its strategic partnership with China as it highlighted shared goals of development, peace, and prosperity in the region. Read more

• NCCPL to Collect August Capital Gains Tax on September 30

The National Clearing Company of Pakistan Limited (NCCPL) has notified that it will collect the Capital Gains Tax (CGT) from Clearing Members (CMs) and Asset Management Companies (AMCs) for transactions carried out in August 2025. Read more

• Gold holds near record high ahead of Powell's speech

Gold prices steadied on Tuesday after touching a fresh record high, supported by expectations of further U.S. interest rate cuts and a softer dollar, as investors awaited Federal Reserve Chair Jerome Powell’s remarks for policy direction. Read more

• Barrick soars to 12 year high on Fourmile gold discovery

Barrick Mining Crop shares are on their biggest tear in five years on prospects that a U.S. project will become a major new gold mine, boosting the outlook of a company hit by setbacks in risky places Read more

• Pakistan, Chinese firm to set up laptop and tablet manufacturing industry

A Chinese technology company HYF is set to explore establishing a laptop and tablet manufacturing industry in Pakistan. Read more

• MoITT, Sindh IT company sign DEEP MoU as Govt rolls out SkillTech Pakistan

The MoU was signed by the Additional Secretary MoITT and the CEO of Sindh IT Company, while Minister for IT & Telecom Shaza Fatima witnessed the ceremony. Read more

• Hi-Tech Lubricants swings to Rs319m loss in FY25

Hi-Tech Lubricants Limited (PSX: HTL) shared its financial results for the year ended June 30, 2025, posting a loss after tax of Rs318.78 million, compared to a profit of Rs111.4m recorded in FY24. Read more

• Baluchistan Glass expands losses to Rs713m

Baluchistan Glass Limited (PSX: BGL) reported a net loss after tax of Rs713.5 million for fiscal year 2025, marking a 40% increase from the Rs508.7m loss recorded in the previous year. Read more

• NETSOL reports 15% profit jump

NETSOL Technologies Limited (PSX:NETSOL) has concluded its fiscal year on a high note, reporting a solid increase in both profit and EPS for the period ended June 30, 2025 with an increase of 15.1% to Rs1.39bn. Read more

• BF Biosciences reports 16% profit surge revenue boom

BF Biosciences Ltd. (PSX: BFBIO) reported a 16.02% increase in profit after taxation for the fiscal year ended June 30, 2025, reaching Rs447.15 million compared with Rs385.41min the previous year. Read more

• Systems Limited crowned Pakistan's top IT exporter for 4th consecutive year

Systems Limited (PSX: SYS), a leading global technology company, has been honoured as the Top Exporter in Services at the Pakistan Software Houses Association (P@SHA) ICT Awards 2025. Read more

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