MG Morning Breeze: Updates to Skim before Market

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MG News | October 24, 2025 at 07:58 AM GMT+05:00

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October 24, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Total Forex Reserves held by the country increased to USD 19.85 billion Read more

Pakistan and the United Nations have reaffirmed their commitment to promoting road safety and sustainable mobility. Read more

The Government of Pakistan has made substantial reduction in electricity tariffs for the industrial and agricultural sectors, aiming to strengthen key drivers of the national economy and support growth in production and exports. Read more

Pakistan and the United Kingdom have reaffirmed their commitment to deepening bilateral cooperation in economic reforms, climate resilience, and private sector–led growth. Read more

Pakistan secured external financing worth $436.66 million in September 2025 from multiple financing sources, 35.7% lower than last month and 26.4% lower than the same month last year, the latest monthly report by the Economic Affairs Division (EAD) showed. Read more

Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) reported a profit after tax of Rs29.16 million for the quarter ended September 30, 2025, showing a 37.9% increase from Rs21.14m in the corresponding quarter last year. Read more

The benchmark KSE-100 Index concluded Thursday's trading session at 164,590.41, showing a decrease of 1,962.86 points or 1.18%. Read more

The Pakistani rupee (PKR) increased by 2.40 paisa against the US dollar in Thursday's interbank session to settle the trade at PKR 281.03 per USD, compared to previous closing of 281.05. Read more

Unilever Pakistan Foods Limited (PSX: UPFL) reported a profit after tax of Rs4.57bn for the nine months ended September 30, 2025, down 15.8% from Rs5.43bn in the corresponding period last year. Read more

Agritech Limited (PSX: AGL) has successfully achieved a monumental financial turnaround, reporting a consolidated profit after taxation (PAT) of Rs2.20 billion for the nine months ended September 30, 2025. This contrasts sharply with the substantial loss of Rs2.08bn reported in the same period last year. Read more

Pakistan and the Netherlands have agreed to strengthen bilateral trade and investment ties, as Federal Minister for Finance and Revenue Muhammad Aurangzeb met with the newly appointed Dutch Ambassador, Robert–Jan Siegert, at the Finance Division on Thursday. Read more

Prime Minister Muhammad Shehbaz Sharif has unvieled a major relief initiative titled the “Roshan Maeeshat (Bright Economy) Electricity Package” aimed at accelerating the growth of Pakistan’s industrial and agricultural sectors. Read more

Agha Steel Industries Limited has reported a significant improvement in its financial performance for the quarter ended September 30, 2025, successfully narrowing its Loss after Taxation by 35.61%. Read more

Habib Bank Limited (PSX: HBL) has reported its financial results for the nine months ended September 30, 2025, posting a profit after tax (PAT) of Rs51.38bn, marking an 18.78% increase from Rs43.25bn recorded in the same period last year (SPLY). Read more

Bank AL Habib Limited (PSX: BAHL) shared a profit after tax of Rs26.68bn for the nine months ended September 30, 2025, compared to Rs34.41bn in the same period last year, a 22% YoY decline. Read more

Octopus Digital Group has reported a disastrous nine-month performance, with its profit after tax plunging by 94.53% for the period ended September 30, 2025. Read more

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs433,862 per tola, down Rs3,500. Read more

Faysal Bank Limited (PSX: FABL) has reported a consolidated profit after tax of Rs15.55bn for the nine months ended September 30, 2025, showing a decline of 24% compared to Rs20.35bn in the same period last year. The bank also declared a cash dividend of Rs1.50 per share. Read more

Allied Bank Limited (PSX: ABL) has reported its financial results for the nine months ended September 30, 2025, posting a profit after tax (PAT) of Rs26.81 billion, marking a 26.54% decline from Rs36.49 billion recorded in the same period last year (SPLY). Read more

Following NEPRA’s extensive revisions to K-Electric’s Multi-Year Tariff (MYT) for FY2024–30, the utility’s Chief Executive Officer, Syed Moonis Abdullah Alvi, has voiced serious concerns over the “large-scale reductions and modifications” made to the framework within just a few months of its original issuance. Read more

Fauji Fertilizer Company Limited (PSX: FFC) has reported a consolidated profit after tax of Rs63.04bn for the nine months ended September 30, 2025, slightly lower by 0.6% compared to Rs63.43bn in the same period last year. Read more

Crude oil prices surged more than 2% on Thursday after U.S. President Donald Trump imposed sanctions against Russian energy firms Rosneft and Lukoil, intensifying geopolitical tensions and boosting commodities. Read more

The ongoing US government shutdown, now in its third week, has left hundreds of thousands of federal employees without income, driving many to food banks and community centers for assistance. Read more

Tesla Inc. (NASDAQ: TSLA) reported a sharp 37% year-on-year decline in third-quarter profit on Wednesday, as the electric vehicle giant faced mounting costs from tariffs, restructuring, and research spending that offset gains from increased auto sales. Read more

The total power generation in the country decreased by 11% month-on-month (MoM) to 12,592 GWh during September 2025, as compared to 14,218 GWh in August 2025. Read more

Bank Alfalah Limited (PSX: BAFL) has reported its financial results for the nine months ended September 30, 2025, posting a net profit of Rs21.40bn, down 39.22% from Rs35.21bn in the same period last year (SPLY). Read more

The push for urgent, structural reforms in Pakistan's cotton sector gained critical momentum, following a high-level meeting chaired by Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar in Islamabad. Read more

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

Pakistan Stock Exchange (PSX) is to host the International Capital Market Conference & Expo 2025 on Tuesday, November 11, 2025, at the Pearl Continental Hotel, Karachi. Read more

Air Link Communication Limited (PSX: AIRLINK) has reported a massive 88.02% surge in Profit for the Period (Profit After Tax) for the quarter ended September 30, 2025, reaching Rs1.583 billion compared to Rs842.165 million in the same period last year. Read more

Asia markets traded mixed on Thursday, with South Korea’s Kospi index hitting a record high, while broader regional sentiment weakened amid renewed U.S.-China trade tensions and overnight losses on Wall Street. Read more

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