MG Morning Breeze: Updates to Skim before Market

October 28, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan aims to double trade with UAE to $20bn

Pakistan is aiming to double its trade volume with the United Arab Emirates (UAE) from the current $10bn to $20bn within the next three to four years, signaling renewed investor confidence and deepening economic ties between the two countries. Read more

• Pakistan goes AI with Meta, MoITT

The Ministry of Information Technology and Telecommunication (MoITT), in partnership with Meta, on Monday, hosted “Future in Focus: AI and Innovation,” an event dedicated to advancing digital transformation in Pakistan, reported APP. Read more

• Pakistan targets top 30 in material innovation under Uraan vision

Pakistan is set to advance toward a knowledge-based economy through the government’s Uraan Pakistan vision, which aims to build a strong national foundation driven by science, innovation, and technology-led development. Read more

• Interloop profit jumps 8x to Rs2.74bn in Q1

Interloop Limited (PSX: ILP), Pakistan's largest textile exporter and a leading manufacturer of hosiery, denim, reported a profit after tax of Rs2.74bn for the quarter ended September 30, 2025, marking an exceptional 719.91% increase from Rs334.5 million in the corresponding period last year. Read more

• SMEDA launches AI-powered legal support platform for SMEs

The Small and Medium Enterprises Development Authority (SMEDA) has launched a groundbreaking AI-powered legal and compliance support platform for small and medium enterprises (SMEs) across Pakistan, in collaboration with PakLawAssist, the country’s first AI-based legal automation platform. Read more

• PKR close at 281.01 against USD

The Pakistani rupee (PKR) increased by 0.61 paisa the US dollar in Monday's interbank session to settle the trade at PKR 281.01 per USD, compared to previous closing of 281.02. Read more

• PSX turns trading floors into corporate venues

The Pakistan Stock Exchange (PSX) is opening its doors beyond trading, inviting the corporate world to host events inside its iconic halls, all while maintaining its role as the country’s premier capital market. Read more

• PSX Closing Bell: A Rough Start

The benchmark KSE-100 Index concluded Monday's trading session at 162,163.81, showing a decrease of 1,140.32 points or 0.70%. Read more

• Pakistan charts path toward an export-led future

Pakistan’s economy has moved from stabilization to recovery, with inflation dropping from 23% to 4.5% and the tax-to-GDP ratio showing steady improvement, as the government shifts focus toward achieving long-term, export-led growth. Read more

• SBP keeps policy rate unchanged at 11%

The State Bank of Pakistan (SBP) on Monday kept its benchmark policy rate unchanged at 11% for the fourth consecutive meeting, in line with market expectations, indicating a cautious yet steady monetary stance as inflation shows signs of moderation. Read more

• Novartis buys Avidity in $12bn genetic therapy deal

Swiss pharmaceutical giant Novartis AG informed on Sunday that it has reached an agreement to acquire Avidity Biosciences, a US-based biopharmaceutical firm, in a deal valued at approximately $12 billion. Read more

• ACPL posts 13-fold jump in quarterly profit

Attock Cement Pakistan Limited (PSX: ACPL) reported a profit after tax of Rs834.7 million for the quarter ended September 30, 2025, marking an exceptional 1,248.25% increase from Rs61.9m in the corresponding period last year. Read more

• CDNS attains Rs11bn in islamic investment

The Central Directorate of National Savings (CDNS) has attained the annual target of Rs11bn in investment in Islamic finance from July 1st to October 20th in Current Fiscal Year, 2025-26. Read more

• Zarea, Telenor Pakistan sign MoU to digitize, strengthen agricultural ecosystem

Zarea Limited (PSX: ZAL) has entered into a Memorandum of Understanding (MoU) with Telenor Pakistan (Pvt.) Limited to collaborate across multiple domains of Pakistan’s agriculture sector. Read more

• Treet Battery's 3MFY25 loss widens to Rs118m

Treet Battery Limited (PSX: TBL) reported a loss after tax of Rs118m for the three months ended September 30, 2025, widening 7.3 times from a loss of Rs16.2m in the corresponding quarter last year. Read more

• Millat Tractors earnings rise 33% on improved efficiency

Millat Tractors Limited (PSX: MTL) reported a profit after tax of Rs613.5 million for the quarter ended September 30, 2025, marking a 33.4% increase from Rs459.8m in the corresponding period last year. Read more

• PIA approves transfer of Precision Engineering Complex to Pakistan Air Force entity

PIA Holding Company Limited (PSX: PIAHCLA) have approved a transfer of the Precision Engineering Complex (PEC) to the Pakistan Air Force’s designated entity, Precision Engineering Complex (Private) Limited (PECPL). Read more

• Gold slips as easing trade tensions dampen demand

Gold prices retreated on Monday as a firmer U.S. dollar and progress in trade discussions between Washington and Beijing reduced demand for the safe-haven asset. Read more

• Crude rises amid hopes for US-China deal

Crude oil futures rose on Monday morning amid reports of a potential trade agreement between the US and China. Read more

• Fauji Cement anchors stability in 1QFY25

Fauji Cement Company Limited (PSX: FCCL) has shared its financial results for the quarter ended September 30, 2025, posting a net profit of Rs3.29bn, up 1.2% from Rs3.25bn in the same period last year. Read more

• International Steels profit more than triples to Rs620m

International Steels Limited (PSX: ISL) reported a profit after tax of Rs620.3 million for the year ended 2025, marking a remarkable 245.73% increase from Rs179.4m in the corresponding period last year. Read more

• Gold price in Pakistan falls Rs3,300 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs430,362 per tola, down Rs3,300. Read more

• Systems Limited reports 46% jump in 9MFY25 earnings

Systems Limited (PSX: SYS) shared its financial results for the nine months ended September 30, 2025, posting a profit after tax (PAT) of Rs7.94bn,a robust 46% YoY increase compared to Rs5.43bn in the same period last year. Read more

• AGTL swings to Rs270m loss in 9MFY25

Al-Ghazi Tractors Limited (PSX: AGTL) posted a loss after tax of Rs269.8 million for the nine months ended September 30, 2025, compared to a profit of Rs2.37 billion in the corresponding period last year, reflecting a significant downturn in performance. Read more

• Pakistan cuts energy, interest costs to fuel growth

Pakistan is rolling out a series of policy measures aimed at reducing the cost of doing business and reviving industrial growth, according to Khurram Schehzad, Advisor to the Finance Minister. Read more

• Shehbaz Sharif heads to Riyadh for Future Investment Initiative

Prime Minister Muhammad Shehbaz Sharif departs for Saudi Arabia today to represent Pakistan at the Ninth Future Investment Initiative (FII) in Riyadh. Read more

• Fast Cables’ quarterly profit nears 90%

Fast Cables Limited (PSX: FCL) reported a net profit after tax of Rs387.6m for the three months ended September 30, 2025, up 87% from Rs206.8m in the corresponding quarter last year. Read more

• Gul Ahmed profit slips 8% in 1QFY25

Gul Ahmed Textile Mills Limited (PSX: GATM) reported a profit after tax of Rs307.1 million for the quarter ended September 30, 2025, marking an 8.3% decline from Rs334.9m recorded in the same period last year. Read more

• FEROZ kicks off FY26 with a healthy dose of growth

Ferozsons Laboratories Limited (PSX: FEROZ) has kicked off the first quarter ended September 30, 2025, on a strong note as it posted a significant surge in profitability and an improvement in key operating margins. Read more

• Pakistan Oxygen delivers profit over 3-fold in 9MFY25

Pakistan Oxygen Limited (PSX: PAKOXY) reported a profit after tax of Rs1.51bn for the nine months ended September 30, 2025, surging 3.3 times from Rs457.2m in the corresponding period last year. Read more

• Fitch sees limited fiscal room but solid APAC growth

The Asia-Pacific (APAC) region continues to face export challenges amid ongoing US tariffs and weakening global demand, yet Fitch Ratings expects the region’s economic growth to remain stronger than most other parts of the world, according to fitch rating. Read more

• Macter profit jumps 64% to Rs145m in 1QFY25

Macter International Limited (PSX: MACTER) reported a profit after tax of Rs145.3 million for the quarter ended September 30, 2025, marking a 64.3% increase from Rs88.4m in the corresponding period last year. Read more

• Century Paper's 3MFY25 profit plunges to Rs13m

Century Paper & Board Mills Limited (PSX: CEPB) reported a profit after tax of Rs13.3m for the quarter ended September 30, 2025, down 91% from Rs147.3m in the corresponding quarter last year. Read more

• BF Biosciences posts strong Q1 profit

BF Biosciences Limited (PSX: BFBIO) has reported a significant surge in profitability for the first quarter ended September 30, 2025, driven by robust top-line growth and improved gross efficiency, despite a tighter net margin. Read more

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