MG Morning Breeze: Updates to Skim before Market
MG News | October 16, 2025 at 09:09 AM GMT+05:00
October 16, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan and the United Arab Emirates (UAE) have reaffirmed their commitment to deepening bilateral trade and economic cooperation, emphasizing the importance of further enhancing their long-standing fraternal relations. Read more
Pakistan and Egypt have agreed to deepen cooperation in maritime and industrial sectors to expand joint ventures and promote their blue economies, officials confirmed on Wednesday. Read more
Pakistan’s ongoing reform drive and economic liberalization could pave the way for an “East Asia moment” a period of dynamic, export-driven growth inspired by the experience of high-performing Asian economies such as Singapore. Read more
Bestway Cement Limited (PSX: BWCL) reported a net profit after tax of Rs5.50bn for the quarter ended September 30, 2025, up 35.3% from Rs4.06bn in the corresponding quarter last year. Read more
The Competition Commission of Pakistan (CCP) has launched a nationwide probe against companies involved in making, marketing, and selling mercury-laden skin whitening creams. Read more
The benchmark KSE-100 Index concluded Wednesday's trading session at 165,686.38, showing an increase of 210.36 points or 0.13%. Read more
Pakistan Aluminium Beverage Cans Limited (PABC) has cautioned that the complete closure of Pak-Afghan border crossings for commercial activities due to "current tensions and hostilities along the border" may affect its sales performance in the region. Read more
Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs440,900 per tola, up Rs5,800. Read more
Zarea Limited (PSX: ZAL) has entered into a Memorandum of Understanding (MoU) with SAWiE (Sustainable Agriculture Water & Intelligent Ecosystem) to optimize agricultural productivity and sustainability. Read more
The Pakistani rupee (PKR) increased by 2.87 paisa or 0.01% against the US dollar in Wednesday's interbank session to settle the trade at PKR 281.12 per USD, compared to previous closing of 281.15. Read more
Sazgar Engineering Works Limited (PSX: SAZEW) reported a net profit after tax of Rs4.42bn for the quarter ended September 30, 2025, up 4.7% from Rs4.22bn in the corresponding quarter last year. Read more
Oil prices declined for a second consecutive session on Wednesday, as investors reacted to the International Energy Agency’s forecast of a potential supply glut in 2026 and growing trade frictions between the United States and China that could dampen global demand. Read more
MG Pakistan has completed five years of operations in the country and marked this milestone with special offers for its customers, including free periodic maintenance worth up to Rs800,000 and interest-free financing on its locally assembled plug-in hybrid electric vehicle (PHEV). Read more
In a significant market move, Syeda Maimanat Mohsin and Syeda Matanat Ghaffar have sold a combined 9.29 million ordinary shares of Mitchell’s Fruit Farms Limited, representing 40.63% of the company’s issued and paid-up capital, to CCL Holding (Private) Limited. Read more
Pakistan's leading logistics company Blue-Ex Limited is set to migrate from the Growth Enterprise Market (GEM) Board to the Pakistan Stock Exchange (PSX) Main Board, marking a significant milestone in the company's growth trajectory. Read more
China’s consumer prices fell again in September, emphasizing the growing challenge Beijing faces in reviving domestic demand while navigating a renewed trade war with the United States. Read more
Dutch semiconductor equipment maker ASML Holding NV said on Wednesday that it expects a significant drop in sales to China next year, even as it posted flat quarterly profits amid continued geopolitical uncertainty and trade restrictions. Read more
United Bank Limited (PSX: UBL) reported a profit after tax of Rs100.1bn for the nine months ended September 30, 2025, more than doubling from Rs49.7bn in the corresponding period last year Read more
Gold prices surged to a new record high, closing in on the $4,200-per-ounce mark on Wednesday, supported by growing expectations of additional U.S. interest rate cuts and rising concerns over U.S.-China trade relations that lifted demand for safe-haven assets. Read more
The Government of Pakistan successfully raised Rs309.59 billion (Face Value) through the primary market auction of GoP Ijarah Sukuk (GIS) conducted on October 14, 2025. Read more
Engro Fertilizers Limited (PSX: EFERT) reported a profit after tax of Rs14.3bn for the nine months ended September 30, 2025, down 20.6% from Rs18bn in the corresponding period last year. Read more
Pakistan presented its ongoing agricultural and climate resilience reforms at a high-level session organized by the World Bank Group on the sidelines of the 2025 World Bank Group, IMF Annual Meetings, reaffirming its commitment to climate-smart, technology-driven, and private sector led agricultural growth. Read more
Mari Energies (PSX: MARI) has entered into a farm-out agreement to acquire a 20% working interest in the Eastern Offshore Indus-C Block from Pakistan Petroleum Limited (PPL), the Company's filing on PSX revealed today. Read more
Asia market advanced on Wednesday, shrugging off overnight declines on Wall Street as investors weighed escalating trade tensions between the United States and China along with fresh signs of economic weakness in Beijing. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Read more
Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day. Read more
SBP raised over Rs500 billion in PIB auction, with strong investor demand for long-term bonds amid shifting yield expectations. Read more
The agreement unlocks $1.2 billion in funding under the EFF and RSF programs, pending IMF board approval. Read more
Pakistan is set to finalize a preliminary agreement with the International Monetary Fund (IMF) this week to review its ongoing loan programme, a crucial move that would unlock the next $1.24 billion payout from the lender. Read more
Pakistan and Vietnam have launched negotiations for a Preferential Trade Agreement (PTA), marking a major step toward deepening bilateral trade, investment, and economic cooperation between the two countries. Read more
The State Bank of Pakistan's Agricultural Credit and Microfinance Department (ACFID) has directed all banks and microfinance banks to implement a digital agriculture financing platform for small and marginalized farmers. Read more
Systems Limited (PSX: SYS) could deliver returns of 43% over the next eight months, surging from its current price of Rs150 to Rs215, according to KTrade Research, which positions Pakistan's leading IT services exporter as a prime beneficiary of global digital transformation and AI adoption. Read more
The benchmark KSE-100 Index concluded Tuesday's trading session at 165,476.02, showing an increase of 7,032.60 points or 4.44%. Read more
Mitchell’s Fruit Farms Limited (PSX: MFFL) reported a strong turnaround for the quarter ended September 30, 2025, with profit after tax surging over 11 times to Rs183.7m, compared to Rs15.3m in the same period last year. Read more
The Pakistani rupee (PKR) appreciated by 1.18 paisa against the US dollar in Tuesday's interbank session to settle the trade at PKR 281.15 per USD, compared to previous closing of 281.16. Read more
A groundbreaking United Nations plan to cut global shipping emissions is at risk after the United States threatened to impose sanctions on countries supporting the initiative, raising fears of a major setback in maritime decarbonisation efforts. Read more
Pakistan Petroleum Limited (PSX: PPL) has finalized a major milestone in the farm-out process of the Eastern Offshore Indus C Block, marking the beginning of a strategic offshore partnership with Turkish Petroleum Overseas Company (TPOC). Read more
China has pledged to “fight to the end” in its escalating trade war with the United States, after President Donald Trump imposed an additional 100% tariff on all Chinese goods. Read more
Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs435,100 per tola, up Rs6,900. Read more
The Razgir-1 well has come onstream at the Tolanj Production Facility on October 12, 2025, as per information received from MOL, the operator of the TAL Block. Read more
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| BITCOIN FUTURES | 111,960.00 | 112,085.00 110,680.00 | 410.00 0.37% |
| BRENT CRUDE | 62.46 | 62.68 62.28 | 0.55 0.89% |
| RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | 0.00 0.00% |
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| USD RBD PALM OLEIN | 1,085.00 | 1,085.00 1,085.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 58.82 | 59.01 58.55 | 0.55 0.94% |
| SUGAR #11 WORLD | 15.67 | 15.91 15.53 | -0.21 -1.32% |
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