MG Morning Breeze: Updates to Skim before Market

September 30, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP Ramps Up Dollar Purchases Amid FX Market Stabilization Efforts

The SBP has made total net purchases of USD 8.257 billion from the interbank market since June 2024 to support reserves and exchange rate stability. Read more

• Pakistan Nursing Council to go digital

The Ministry of Health has decided to fully digitalize the Pakistan Nursing Council (PNC) to ensure efficiency, merit, and transparency in all its operations. Read more

• Pakistan, Germany commit to boosting trade and investment

Pakistan and Germany have reaffirmed their commitment to deepening economic cooperation and expanding avenues for trade, investment, and development partnership Read more

• Treet Battery swings to profit in FY25 on lower finance costs

Treet Battery Limited (PSX: TBL) has achieved a significant financial turnaround in the fiscal year ended June 30, 2025, moving from a substantial loss to a profit, driven primarily by cost control and a sharp reduction in finance costs. Read more

• PKR increases by 2 paisa against USD

The Pakistani rupee (PKR) appreciated by 1.71 paisa or 0.01% against the US dollar in Monday's interbank session to settle the trade at PKR 281.35 per USD, compared to previous closing of 281.37. Read more

• NBP crosses $1.5bn market cap, secures 2nd largest rank

The National Bank of Pakistan (NBP) has achieved a significant milestone, with its market capitalization soaring past the $1.5 billion mark. Read more

• PSX Closing Bell: Off to a Green Start

The benchmark KSE-100 Index concluded Monday's trading session at 163,847.68, showing an increase of 1,590.68 points or 0.98%. Read more

• Nishat Chunian reports over Rs3bn loss on CPPA-G adjustment

Nishat Chunian Power Limited (PSX: NCPL) has reported a staggering net loss of Rs3.376 billion for the fiscal year ended June 30, 2025, a dramatic reversal from the Rs4.912bn profit recorded in the previous year. Read more

• Nishat Power swings to Rs747m loss in FY25

Nishat Power Limited (PSX: NPL) reported a loss of Rs746.8 million for the year ended June 30, 2025, compared to a profit of Rs5.39 billion in the previous year, driven by a steep fall in revenues and lower margins. Read more

• Towellers Limited posts 49% profit decline in FY25 despite slight sales growth

Towellers Limited (PSX: TOWL) has navigated a challenging fiscal year, with its financial results for the period ending June 30, 2025, revealing a significant contraction in profitability despite a marginal increase in sales. Read more

• Gold price in Pakistan rises Rs5,900 per tola

Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs403,600 per tola, up Rs5,900. Read more

• UAE showcases digital economy leadership at global digital trade expo in China

The fourth Global Digital Trade Expo concluded on Monday in Hangzhou, Zhejiang Province, showcasing groundbreaking advancements in digital technologies and global cooperation. Read more

• Ghandhara Automobiles profit surges in FY25

Ghandhara Automobiles Limited (PSX: GHNI) shared its financial results for the year ended June 30, 2025, posting a profit after tax of Rs4.1 billion, around 11 times higher than Rs365 million in FY24. Read more

• Mandviwala Mauser approves Rs250m expansion plan

Mandviwala Mauser Plastic Industries Limited (PSX: MWMP)'s Board of Directors has approved a significant expansion plan worth Rs250 million. Read more

• Lucky Investments crowned fastest growing AMC in Pakistan

Lucky Investments Limited (“Lucky Investments”) has been recognized as the Emerging Islamic Finance Entity of the Year in South Asia at the 10th Islamic Finance Forum of South Asia (IFFSA) Conference & Awards 2025, held in Colombo, Sri Lanka. Read more

• Air Link achieves profit growth despite revenue decline

Air Link Communication Limited (PSX: AIRLINK) has concluded its fiscal year with a remarkable performance, showcasing a period of enhanced profitability and strategic cost management. Read more

• VIS maintains AA+ rating for United Insurance Company

VIS Credit Rating Company Limited (VIS) has reaffirmed the Insurer Financial Strength (IFS) rating of AA+ (Double A Plus) for The United Insurance Company of Pakistan Limited (PSX:UNIC). Read more

• Govt rolls out cost-sharing scheme for 116k e-bikes, 3k e-rickshaws

The Federal Government has rolled out a Cost Sharing Scheme for Electric Bikes and Rickshaws/Loaders aimed at promoting energy efficiency and accelerating the transition to green technologies in Pakistan’s automotive sector. Read more

• China sends emergency flood relief to Pakistan through NDMA

The People's Republic of China has once again reaffirmed its role as Pakistan's steadfast friend by extending Monsoon Relief Assistance for the flood-affected people in Pakistan through NDMA. The aid will augment the NDMA's relief support for flood affected areas in Punjab. Read more

• Europe warned to step up climate action as environment faces severe strain

Europe has made notable strides in cutting greenhouse gas emissions and curbing air pollution, yet its environment remains in a troubling state, according to the latest report by the European Environment Agency (EEA). Read more

• Pakistan to brief IMF on economy amid talks over third tranche

Pakistan and the International Monetary Fund (IMF) to hold talks at the Ministry of Finance as part of the second economic review tied to the release of the third tranche of the IMF loan programme. Read more

• EU pledges €545m to drive Africa’s clean energy transition

The European Union is committing nearly €545 million (about $638m) to renewable energy projects across Africa, a move designed to expand electricity access, reinforce regional power grids, and accelerate the continent’s transition to clean power. Read more

• New digital adoption initiative to strengthen Cambodian MSMEs

A major step toward advancing MSME digital transformation in Cambodia has been taken with the introduction of the Digital Adoption Initiative (DAI), a joint effort between the Asian Development Bank (ADB) and Cambodia’s Techo Startup Center. Read more

• Big Bird Foods continues growth trajectory with impressive FY25 performance

Big Bird Foods Limited (PSX: BBFL) has capped off a robust fiscal year, marking a period of continued profitability and strategic financial management. Read more

• FBR removes ‘Estimated Fair Market Value’ column from Income Tax Return

The Federal Board of Revenue (FBR) has removed the controversial column on “Estimated Fair Market Value” of moveable and immovable assets from the Income Tax Return form 2025 on the directions of Prime Minister Muhammad Shehbaz Sharif to facilitate taxpayers. Read more

• Big Bird Foods seeks shareholder nod to convert Rs1.5bn director loans into equity

Big Bird Foods Limited (PSX: BBFL) has proposed converting outstanding loans of Rs1.5 billion payable to its directors into equity, the company informed the Pakistan Stock Exchange. Read more

• TOMCL profit dips 14% in FY25

The Organic Meat Company Limited (PSX: TOMCL) shared its financial results for the year ended June 30, 2025, posting a net profit of Rs429.8 million, down 13.6% from Rs497.4m in FY24. Read more

• HSBC stays bullish, bets on AI, Fed cuts

HSBC Private Banking’s Global Investment Committee has reaffirmed its bullish stance on equities, citing a “positive cocktail” of AI-driven innovation, U.S. Federal Reserve rate cuts, and supportive corporate actions such as M&A, dividends, and share buybacks. Read more

• Pakistan transforms maritime sector with major port upgrades, digital reforms

Pakistan is embarking on a transformative journey to modernize its maritime infrastructure and establish itself as a regional trade hub, with sweeping reforms underway across ports, shipping, and customs operations. Read more

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