MG Morning Breeze: Updates to Skim before Market

October 03, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• CCP approves Systems Limited’s acquisition of BAT SAA Services

The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of SAA Services (Private) Limited by Systems Limited from the British American Tobacco International Holdings (UK) Limited. Read more

• State Bank's Forex Reserves Increase by USD 20.90 Million

Total Reserves held by the country increased to USD 19.79 Billion. Read more

• Citi Pharma profit climbs 7% in FY25, unveils 35% cash dividend

Citi Pharma Limited (PSX: CPHL) reported a profit after tax of Rs892.0 million for the year ended June 30, 2025, showing a 7.0% increase compared to Rs833.5m in FY24. Read more

• Cement despatches increased by over 16% in 1QFY26

The total cement despatches (domestic and exports) during the first quarter of the current fiscal year were 12.161 million tons, which is 16.25% higher than 10.461 million tons dispatched during the corresponding period of the last fiscal year. Read more

• PKR appreciates by 3 paisa against USD

The Pakistani rupee (PKR) appreciated by 3.43 paisa or 0.01% against the US dollar in Thursday's interbank session to settle the trade at PKR 281.27 per USD, compared to previous closing of 281.31. Read more

• Trade deficit soars 46% in September

Pakistan's trade imbalance deteriorated sharply in September 2025, with the deficit soaring by 45.83% on a YoY basis, driven by a double-digit rise in imports and a decline in exports. Read more

• Hum Network profit falls 58% in FY25

Hum Network Limited (PSX: HUMNL) reported a profit after tax of Rs1.24bn for the year ended June 30, 2025, down 57.8% from Rs2.92bn in FY24. Earnings per share declined to Rs1.09 from Rs2.58 last year. Read more

• Liven Pharma completes first export to Arab region

Liven Pharma Limited (PSX: LIVEN) has completed its first-ever export to the Arab region, marking a significant milestone in the pharmaceutical company's international expansion strategy. Read more

• Pakistan prioritizes ML-1 and ML-3 upgradation to boost regional trade

Pakistan has placed the modernization of its railway sector at the center of its sustainable transport vision, with a strong focus on upgrading the ML-1 and ML-3 corridors. Read more

• OpenAI finalizes share sale at record $500bn Valuation

OpenAI has completed a secondary share sale totaling $6.6 billion, cementing its position as the world’s most valuable privately held company with a record $500bn valuation, according to Bloonberg. Read more

• Pakistan eyes sustainable growth with private sector lead, structural reforms

The Pakistan Business Summit 2025, held at Serena Hotel, Peshawar, placed strong emphasis on private sector driven growth, structural reforms and economic competitiveness. Read more

• Haji Mohammad Ismail approves revival plan, considers merger

Haji Mohammad Ismail Mills Limited (PSX: HMIM)'s Board of Directors has approved a major initiative aimed at reviving the company’s operations and business, which includes considering a potential merger. Read more

• Gold price in Pakistan falls Rs2,500 per tola

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs407,778 per tola, down Rs2,500. Read more

• Gillette Pakistan Board approves delisting from PSX

In a major corporate development, Gillette Pakistan Limited has announced plans to wind up its operations in Pakistan, following a decision by its parent company, Procter & Gamble (P&G), to discontinue business in the country as part of a global restructuring program. Read more

• Pakistan's petroleum sales rise 6% in first quarter of FY26

Pakistan's petroleum sector showed robust growth in the first quarter of fiscal year 2026, with total sales reaching 3.89 million tons, representing a 6% year-on-year increase from 3.68m tons in the same period last year. Read more

• Supreme court inaugurates E-Office system as NITB, LJCP sign MoU for digital judiciary

Pakistan’s judiciary has taken a major step toward digital transformation with the official inauguration of the E-Office system in the Supreme Court of Pakistan, alongside the signing of a Memorandum of Understanding (MoU) between the National Information Technology Board (NITB) and the Law and Justice Commission of Pakistan (LJCP). Read more

• Ghani Value Glass successfully installs new Screen Printing Glass project

Ghani Value Glass Ltd (PSX:GVGL) has successfully installed its new Screen Printing Glass project. Read more

• SBP keeps Special Cash Reserve Account rate unchanged at 3.27% for October

The State Bank of Pakistan (SBP) has kept the remuneration rate for the Special Cash Reserve Account (US$) for October 2025 at 3.27%, unchanged from the previous month. Read more

• Cooperative farming to boost rural economy, strengthen food security

Cooperative farming will not only uplift the rural economy but also play a vital role in achieving national food security, according to the Federal Minister for National Food Security and Research, Rana Tanveer Hussain. Read more

• P&G to transition to 'Distributor Model' in Pakistan

Gillette Pakistan Limited (PSX: GLPL)'s parent company, Procter & Gamble Company (P&G), has decided to discontinue its business operations in Pakistan as part of a global restructuring program. Read more

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