MG Morning Breeze: Updates to Skim before Market

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MG News | October 17, 2025 at 09:20 AM GMT+05:00

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October 17, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Pakistan’s leading telecom operator CMPak and Huawei have recently completed the commercial deployment of FDD 8x120W ultra-wideband high-power solution. Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $20.7 million or 0.14% WoW to $14.44 billion during the week ended on October 10, 2025, data released by State Bank of Pakistan showed on Thursday. Read more

The Competition Commission of Pakistan (CCP), as part of its ongoing Lecture Series on Competition Law hosted an insightful session featuring Dr. Ali Salman, Chief Executive Officer of PRIME Institute, who delivered a lecture on “Level Playing Field for Businesses in Various Sectors of the Economy in Pakistan.” Read more

PTCL Group, in collaboration with the Pakistan Poverty Alleviation Fund (PPAF), expanded its flagship women empowerment initiative, Ba-Ikhtiar, during GITEX Global 2025 in Dubai. Read more

Reaffirming its commitment to promote Islamic finance and financial inclusion, the Securities and Exchange Commission of Pakistan (SECP) emphasized the need for collective ownership and collaboration to drive the country’s transition toward Shariah-compliant insurance. Read more

Automobile financing in Pakistan has increased to Rs304.77bn in September 2025, witnessing a rise of 3.64% MoM compared to Rs294.08bn recorded in August 2025, according to the latest data released by the central bank. Read more

The Pakistani rupee (PKR) appreciated by 0.92 paisa against the US dollar in Thursday's interbank session to settle the trade at PKR 281.11 per USD, compared to previous closing of 281.12. Read more

The benchmark KSE-100 Index concluded Thursday's trading session at 164,444.71, showing a decrease of 1,241.67 points or 0.75%. Read more

The SCRA (Special Convertible Rupee Account) balance rose by Rs835.7 million during the week ending October 10, 2025, closing at Rs30.52bn. Read more

The State Bank of Pakistan (SBP) has granted an in-principle approval to Samba Bank Limited (PSX: SBL) to commence Shariah-compliant business and operations, the bank informed the Pakistan Stock Exchange today. Read more

Citi Pharma Limited ( PSX:CPHL) has issued a formal clarification denying reports circulating on social media about its alleged plans to establish a new pharmaceutical manufacturing facility in Iraq. Read more

K-Electric Limited (PSX: KEL), Karachi’s sole power utility, has reported an intensifying dispute among its indirect shareholders following media claims that a majority stake in its parent company, KES Power Limited (KESP), may be sold to a Saudi investor. Read more

Carbon dioxide (CO2) levels in the atmosphere soared by a record amount to new highs in 2024, committing the planet to more long-term temperature increase, according to a new report from the World Meteorological Organisation (WMO), reported APP. Read more

Momentum showed no signs of slowing on Day 3 of GITEX GLOBAL 2025, with the world’s largest tech and AI event continuing to unveil award-winning breakthroughs, impactful partnerships and powerful use-cases redefining industries Read more

Nestle Pakistan Limited (PSX: NESTLE) reported a profit after tax of Rs14.1bn for the nine months ended September 30, 2025, up 14.7% from Rs12.3bn in the corresponding period last year. Read more

Taiwan Semiconductor Manufacturing Company (TSMC) reported a forecast-busting record net profit for the third quarter, driven by skyrocketing demand for semiconductor chips used to power iPhones and artificial intelligence. Read more

Meta Platforms plans to invest more than $1.5 billion in a new data centre in the US state of Texas by 2028, as part of its expanding investment in artificial intelligence infrastructure. Read more

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs442,800 per tola, up Rs1,900. Read more

EDGE Group, one of the world’s leading advanced technology and defence conglomerates, has signed Strategic partnership with e&, a global technology powerhouse, to deploy and operate the Middle East’s first Unmanned Traffic Management (UTM) system in Abu Dhabi. Read more

Pakistan and Italy are set to strengthen their collaboration in the marble and granite sector, focusing on technology transfer, skill development, and expanding international market access. Read more

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has reiterated Pakistan’s strong commitment to advancing reforms in taxation, energy, State-Owned Enterprises (SOEs), and privatisation, as part of the government’s long-term economic transformation agenda. Read more

On July 24, 2025, the State Bank of Pakistan (SBP) introduced the 'Revival and Debt Resolution of Sick Industrial Units (RDRSIU-2025)' framework — a landmark initiative aimed at reviving distressed industries and addressing the buildup of non-performing loans (NPLs). Read more

Pakistan and the United States have agreed to enhance agricultural cooperation and expand bilateral trade, following a high-level meeting between Federal Minister for National Food Security and Research Rana Tanveer Hussain and Acting U.S. Ambassador Natalie A. Baker. Read more

First Treet Manufacturing Modaraba (PSX:FTMM) has approved the initiation of a corporate restructuring plan that will convert the Modaraba into a Public Limited Company through a merger with and into a newly incorporated company. Read more

The Federal Board of Revenue (FBR) has announced a further extension for the filing of Income Tax Returns for Tax Year 2025, moving the deadline to October 31, 2025. Read more

Pakistan’s revised trade deficit for September 2025 stood at $3.4 billion, equivalent to ₨960.6bn, according to provisional figures released by the Pakistan Bureau of Statistics (PBS). Read more

Amreli Steels Limited (PSX: ASTL) has successfully executed a Master Restructuring Agreement with its banking syndicate, marking a culmination of a collaborative effort between Amreli Steels and its financial partners. Read more

The government of Pakistan successfully mobilized ₨933.76 billion through the latest auctions of Market Treasury Bills (MTBs) and Pakistan Investment Bonds – Floating Rate (PIBs-FR), according to data released by the State Bank of Pakistan (SBP). Read more

The federal government has reduced petroleum product prices for the next fortnight, cutting the price of petrol by Rs5.66 per litre and high-speed diesel (HSD) by Rs1.39 per litre, according to a notification issued by the Finance Division late Wednesday. Read more

Copyright Mettis Link News

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