MG Morning Breeze: Updates to Skim before Market

September 25, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Banks seal record Rs1.2tr deal to tackle circular debt

The banking industry, under the auspices of the Pakistan Banks Association (PBA), has facilitated a record Rs1.225 trillion restructuring and financing transaction agreement to ease Pakistan’s crippling circular debt burden. Read more

• Amreli Steels trims annual loss to Rs3.8bn in FY25

Amreli Steels Limited (PSX: ASTL) shared its financial results for the year ended June 30, 2025, reporting a net loss of Rs3.81 billion, down 38% from the Rs6.11bn loss booked in FY24. Read more

• Tariq Glass profit nears to Rs5bn in FY25

Tariq Glass Industries Limited (PSX: TGL) reported a 9.2% increase in net profit to Rs4.78 billion for the year ended June 30, 2025, driven by robust revenue growth and improved operational efficiency. Read more

• Kohinoor Mills (KML) swings to loss in FY25

Kohinoor Mills Limited (PSX: KML) reported its financial results for the year ended June 30, 2025, revealing a significant shift from profit to loss. Read more

• PKR Closes Flat at 281.43

The Pakistani rupee (PKR) weakened by 0.22 paisa or 0.00% against the US dollar in Wednesday's interbank session to settle the trade at PKR 281.43 per USD, compared to previous closing of 281.42. Read more

• CNERGY posts Rs3.6bn loss in FY25

CNERGYICO Pk Limited (PSX: CNERGY) has shared its consolidated financial results for the year ended June 30, 2025, reporting a substantial net loss, marking a stark reversal from the previous year's profit. Read more

• PSX Closing Bell: Little Green Victories

The benchmark KSE-100 Index concluded Wednesday's trading session at 158,236.67, showing an increase of 291.65 points or 0.18%. Read more

• SBP unveils Mera Ghar – Mera Ashiana scheme

The State Bank of Pakistan (SBP) has introduced the "Mera Ghar – Mera Ashiana" Markup Subsidy and Risk Sharing Scheme to promote affordable housing finance across the country. Read more

• NIC Karachi celebrates 1st anniversary with graduation of 30 startups

The National Incubation Center Karachi (NIC Karachi), an Ignite initiative under the Ministry of IT & Telecom, celebrated a dual milestone with the graduation of 30 startups from its 12th cohort, coinciding with its first anniversary. Read more

• SECP Chief pushes for faster, digital-first investment account opening

Pakistan's securities regulator is spearheading a major initiative to overhaul how investors open accounts in the country's capital markets to eliminate bureaucratic hurdles that have long deterred potential market participants. Read more

• PIA Board approves transfer of PEC to PAF entity

Pakistan International Airlines Holding Company Limited (PIAHCL) has approved a Scheme of Arrangement to transfer its business unit, Precision Engineering Complex (PEC), to Precision Engineering Complex (Private) Limited, a designated entity of the Pakistan Air Force. Read more

• Pakistan, ASEAN envoys agree to deepen trade and investment ties

Ambassadors of seven ASEAN member states met with Pakistan’s leadership in Islamabad, signaling a renewed effort to expand trade, investment, and people-to-people linkages between the two sides. Read more

• Amreli Steels secures major financial restructuring worth Rs22.6bn

Amreli Steels Limited (PSX: ASTL)'s Board of Directors has approved a comprehensive financial restructuring package worth approximately Rs22.6 billion to provide the steel manufacturer a crucial breathing room to stabilise operations and pursue long-term growth. Read more

• SBP allocates Rs3.5bn subsidy for Raast P2M QR payments

The State Bank of Pakistan (SBP) has allocated subsidy for Raast Person-to-Merchant (P2M) QR Code transactions, aimed at encouraging the digital onboarding of merchants, according to a circular issued to all banks, MFBs, EMIs, PSOs, and PSPs. Read more

• Gold price in Pakistan remain unchanged

Gold price in Pakistan remained unchanged on Wednesday, with 24-karat gold being sold at Rs398,800 per tola, unchanged from the previous session. Read more

• Biafo Industries’ annual profit jumps 32% in FY25

Biafo Industries Limited (PSX: BIFO) has reported a significant improvement in its financial performance for the year ended June 30, 2025, with Profit After Tax (PAT) surging by over 32% YoY. Read more

• Power Holding Limited moves to redeem Rs400bn energy sukuk early

Power Holding Limited’s board of directors has approved the early redemption of two major Islamic bond Pakistan Energy Sukuk-I (PESC-I) and Pakistan Energy Sukuk-II (PESC-II) totaling nearly Rs400 billion. Read more

• Foreign Affairs Committee reviews Pakistan’s strategic diplomatic, trade initiatives

Pakistan has significantly enhanced its diplomatic engagement on regional and global fronts, the Ministry of Foreign Affairs (MoFA) informed the 14th meeting of the Standing Committee on Foreign Affairs held today. Read more

• Bilal Fibres renamed as Zuma Resources Limited

Bilal Fibres Limited (PSX: BILF) has officially changed its name to Zuma Resources Limited following approval from the Securities & Exchange Commission of Pakistan (SECP). Read more

• Wheat MSP to be finalized pending IMF approval

Pakistan is set to inform the minimum support price (MSP) for wheat after securing approval from the International Monetary Fund (IMF), the Minister for National Food Security and Research told lawmakers on Tuesday. Read more

• Pakistan urges IMF to consider flood impact ahead of loan review

Pakistan has asked the International Monetary Fund (IMF) to take into account the devastating impact of recent floods while reviewing the country’s performance. Read more

• World Bank reaffirms $40bn support as Pakistan highlights reform agenda

In New York, Prime Minister Shehbaz Sharif held a meeting with President of the World Bank Group Ajay Banga, where he lauded the Bank’s long-standing support to Pakistan, particularly during the COVID-19 pandemic and the 2022 floods. Read more

• Pakistan, Lithuania sign Double Taxation Avoidance pact

Pakistan and Lithuania have signed the Convention on Avoidance of Double Taxation and Prevention of Fiscal Evasion, a milestone both countries say will strengthen economic cooperation and boost investor confidence. Read more

• Govt moves to simplify business laws, abolish unnecessary NOCs

Regulatory reforms and investor confidence remained at the center of discussions during a meeting between Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, Board of Investment (BOI) officials, and Scott Jacob. Read more

• Image REIT IPO oversubscribed by more than double

The Initial Public Offering (IPO) of Image REIT has attracted an overwhelming response from investors, with applications totaling 47.45 million units, oversubscribing the issue size of 23m units by more than two times. Read more

• Pakistan, Kuwait agree to enhance collaboration in multiple sectors

Pakistan and Kuwait reaffirmed their commitment to strengthen bilateral relations during a meeting between Prime Minister Muhammad Shehbaz Sharif and Sheikh Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah, Crown Prince of the State of Kuwait, on the sidelines of the 80th UN General Assembly session in New York. Read more

• Pakistan’s tax body targets lavish lifestyles through social media monitoring

Lavish weddings and luxury lifestyles are coming under scrutiny in Pakistan as tax authorities launch a new “Lifestyle Monitoring Cell” to track social media posts of high spenders. Read more

• LOADS reports sharp 71.5% plunge in profit for FY25

Loads Limited (PSX: LOADS) has released its consolidated financial results for the year ended June 30, 2025, revealing a significant downturn in profitability despite robust revenue growth. Read more