MG Morning Breeze: Updates to Skim before Market

October 20, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan strengthens global financial ties

Pakistan concluded its participation in the IMF–World Bank Annual Meetings in Washington D.C. with a renewed focus on privatization, economic reforms, and climate finance, following a series of high-level engagements led by Finance Minister Senator Muhammad Aurangzeb. Read more

• Pakistan advances sustainable finance agenda in talks with JP Morgan

Pakistan’s plans to issue its inaugural green Panda Bond took center stage during discussions between the country’s Finance Minister, Senator Muhammad Aurangzeb, and the senior management of JP Morgan on the sidelines of the IMF–World Bank Annual Meetings in Washington D.C. Read more

• Pakistan nears financial close on Reko Diq project

Pakistan is close to achieving the financial close of the Reko Diq project, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, told the senior management of Abu Dhabi Commercial Bank (ADCB) during a meeting held on the sidelines of the IMF–World Bank Annual Meetings in Washington D.C. Read more

• DCO to expand footprint in Pakistan

The Digital Cooperation Organization (DCO) is set to expand its footprint in Pakistan following a meeting between Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and Dr. Hajar El Haddaoui, Director General of the DCO, held in Washington D.C. Read more

• Weekly Market Roundup

The Pakistan Stock Exchange (PSX) experienced a volatile yet ultimately positive week as the KSE-100 Index closed at 163,806 points, gaining 708 points or 0.4% week-on-week. Read more

• SBP Launches New Framework to Strengthen Consumer Protection and Fair Business Conduct

The SBP has introduced a comprehensive regulatory framework to ensure fair treatment of financial consumers and responsible business practices. Read more

• SBP Revokes License of Exchange Company

The State Bank of Pakistan has officially withdrawn the foreign exchange license of M/s Muhammadi Exchange Company. Read more

• MLCF profit doubles in Q3FY25

Maple Leaf Cement Factory Limited (PSX: MLCF) reported a profit after tax of Rs2.73bn for the three months ended September 30, 2025, up 103.2% from Rs1.34bn in Q3FY24. Read more

• Big industry output expands over 4% in Jul-Aug FY26

Pakistan’s Large-Scale Manufacturing Industries (LSMI) posted a 4.44% YoY growth during July–August FY26 to stand at 113.62, compared to 108.79 in the same period last year, according to provisional data released by the Pakistan Bureau of Statistics (PBS). Read more

• Govt to spend Rs30bn to upgrade industrial estates

The Punjab government has prepared a comprehensive plan to accelerate industrial growth across the province, with Rs30 billion in the current fiscal year to upgrade and provide missing facilities in industrial estates. Read more

• PKR strengthens 1.21 paisa against USD

The Pakistani rupee (PKR) gained by 1.21 paisa against the US dollar in Friday's interbank session to settle the trade at PKR 281.10 per USD, compared to previous closing of 281.11. Read more

• Pakistani Shariah-Compliant Insurer plans $3.9m IPO

A Pakistani Shariah-compliant insurance firm, backed by Qatari investors, is gearing up to launch its initial public offering (IPO) next month, seeking to raise approximately $3.9 million, Bloomberg reported. Read more

• Sindh Govt unveils major Rs56bn wheat support plan

Sindh Senior Minister for Information, Transport and Mass Transit, Sharjeel Inam Memon, has said that the Sindh government will spend Rs 55.9 billion on farmers under the Benazir Hari Card Programme to promote wheat cultivation, reported APP. Read more

• Pakistan opens 5th Africa trade conference in Addis Ababa

The 5th Pakistan-Africa Trade Development Conference (PATDC) and Made in Pakistan Exhibition officially opened at Millennium Hall, Addis Ababa, according to a press release issued by the Commerce Ministry here on Friday. Read more

• Fertilizer offtake increases 2.4% YoY

Fertilizer consumption in Pakistan witnessed satisfactory performance in September 2025, as overall nutrient offtake increased by 2.4% year-on-year, according to the latest Monthly Fertilizer Review released by the National Fertilizer Development Centre (NFDC). Read more

• Oil prices slide as Trump, Putin plan fresh Ukraine talks

Oil prices slipped on Friday, set to record a weekly decline of nearly 3%, as the International Energy Agency (IEA) projected a widening supply glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed to hold another meeting on the Ukraine conflict. Read more

• Pakistan calls for clear tech strategies to drive inclusive growth

Pakistan's technological advancement is to be guided by clear strategies to foster inclusion and resilience within the economy. Read more

• Pakistan's financial system shows resilience in FY25: SBP Governor

The country's macroeconomic landscape has witnessed a dramatic transformation during fiscal year 2025, with inflation rates dropping sharply and the financial system demonstrating exceptional resilience, according to the latest Governor's Annual Report released by the central bank. Read more

• Weekly inflation rises by 0.49%

Pakistan's short-term inflation increased by 0.49% compared to the previous week, while it rose by 4.57% compared to the same period last year, the Pakistan Bureau of Statistics (PBS) reported on Friday. Read more

• PSO emerges as top mutual fund holdings in September

Pakistan State Oil (PSO) has taken the lead as the top stock among mutual fund holdings in September 2025, with 47.2% of its free float owned by funds Read more

• Pakistan's tourism sector shows dramatic growth surge

In a significant push towards positioning tourism as a cornerstone of Pakistan's economic diversification strategy, the Senate of Pakistan convened a high profile meeting with the Malam Jabba International Advisory Board on October 16, 2025, at Parliament House. Read more

• OMO Result: SBP injects over Rs10tr

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs10.34trillion into the market of which Rs9.94tr were injected through reverse repo OMO. Read more

• Lucky Cement’s share price seen rising to Rs602

Lucky Cement Limited (PSX: LUCK) is projected to reach a target price of Rs602 per share by June 2026, an upside potential of 24% from its current market level of Rs486, according to a report by ABA Ali Habib Securities. Read more

• Gold surges to new peak at Rs456,900 per tola

Gold price in Pakistan increased on Friday, with 24-karat gold being sold at record high of Rs456,900 per tola, up Rs14,100. Read more

• CCL Holding acquires 58.78% majority stake in Mitchell’s Fruit Farms

CCL Holding (Private) Limited has completed the acquisition of a 58.78% majority stake in Mitchell’s Fruit Farms Limited (PSX: MFFL). Read more

• PACRA maintains stable outlook on Mughal Iron & Steel

Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Mughal Iron & Steel Industries Limited (PSX:MUGHAL) at A+ for long term and A1 for short term with a Stable outlook. Read more

• Pakistan, Saudi Arabia strengthen investment links

Pakistan has reaffirmed its commitment to strengthening economic and investment cooperation with Saudi Arabia, emphasizing efforts to attract strategic investments and expand bilateral trade. Read more

• Samson Group pledges to plant 100 million trees across Pakistan

The Samson Group of Companies has reaffirmed its commitment to supporting Pakistan’s environmental and sustainable development goals through a series of green initiatives, including an ambitious plan to plant 100 million trees across the country. Read more

• Mobilink Bank crowned best place to work in Pakistan’s banking sector

Pakistan's leading digital microfinance bank, Mobilink Bank, has been recognized as the 'Best Place to Work' in Pakistan's banking industry at the Best Place to Work Pakistan Awards 2025, one of the most prestigious & celebrated awards in Pakistan's HR fraternity. The awards are an initiative of the Pakistan Society of Human Resource Management (PSHRM), powered by Engage Consulting. Read more

• Pakistan’s economy gains stability, growth rebounds to 3%: SBP

Pakistan’s economy regained macroeconomic stability in FY25, marked by a sharp decline in inflation, improved external account position, and moderate growth recovery, according to the State Bank of Pakistan’s Annual Report on the State of Pakistan’s Economy 2024–25. Read more

• Pakistan unveils economic plan at Atlantic Council

Pakistan's economic leadership presented a comprehensive roadmap for fiscal consolidation and sustainable growth at a high profile policy session in the United States capital, emphasizing structural reforms that have restored macroeconomic stability and investor confidence over the past year. Read more

• FriesLandCampina's 9MFY25 profit edges up around 4%

FriesLandCampina Engro Pakistan Limited (PSX: FCEPL) reported a profit after tax of Rs2.09bn for the nine months ended September 30, 2025, up 3.6% from Rs2.02bn in the corresponding period last year. Read more

• Asia markets slip while Kospi bucks downturn

Asia markets traded mostly lower on Friday, tracking overnight declines on Wall Street as concerns over U.S. regional banks and trade tensions weighed on sentiment. However, South Korea’s Kospi stood out, rising for the third consecutive session to a fresh record high, bucking the regional downtrend. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Friday issued the following exchange rates. Read more

• Mari Energies strikes oil and gas at Ghazij well in Sindh

Mari Energies Limited (PSX: MARI) has reported an oil and gas discovery at its Mari Ghazij CF-B1 well, located within the Mari Development and Production Lease (D&PL) area in Sindh Province, according to a company filing to the Pakistan Stock Exchange. Read more

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