MG Morning Breeze: Updates to Skim before Market

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MG News | October 30, 2025 at 06:00 AM GMT+05:00

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October 30, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The government reaffirmed its commitment to building a resilient and digital economy as inflation drops to an average of 5%, marking a major step in stabilizing Pakistan’s economic landscape. Read more

The Competition Commission of Pakistan (CCP) has approved three separate merger applications submitted by Petroleum Exploration (Private) Limited (PEL) for the acquisition of certain shareholdings in PKP Kirthar B.V., PKP Exploration II Limited, and PKP Kadanwari Limited from KUFPEC Pakistan Holdings B.V. Read more

Abbott Laboratories (Pakistan) Limited (PSX: ABOT) reported a net profit of Rs5.37bn for the nine months ended September 30, 2025, up 36% from Rs3.95bn in the corresponding period last year. Read more

The State Bank of Pakistan (SBP) mobilized Rs1.34 trillion through dual auctions of Market Treasury Bills (MTBs) and Pakistan Investment Bonds – Floating Rate (PIB-FR), with yields remaining largely unchanged, in line with the central bank’s decision to keep the policy rate steady at 11% for the fourth consecutive time. Read more

Gillette Pakistan Limited (PSX: GLPL) reported a loss after tax of Rs112.5m for the quarter ended September 30, 2025, a sharp reversal from a profit of Rs3.84m in the corresponding period last year. Read more

Mughal Iron & Steel Industries Limited (PSX: MUHGAL) has revealed its financial results for the quarter ended September 30, 2025, demonstrating a remarkable turnaround from the previous year's loss to a substantial profit. Read more

Hascol Petroleum Limited (PSX: HASCOL) has reported a consolidated loss after tax (PAT) of Rs5.26 billion for the nine months ended September 30, 2025, showing a significant improvement compared to a loss of Rs7.36bn recorded in the same period last year. Read more

The Pakistani rupee (PKR) strengthened by 1.34 paisa against the US dollar in Wednesday's interbank session to settle the trade at PKR 280.96 per USD, compared to previous closing of 280.97. Read more

The benchmark KSE-100 Index concluded Wednesday's trading session at 158,465.05, showing a decrease of 1,635.97 points or 1.02%. Read more

Pakistan National Shipping Corporation (PSX: PNSC) reported a profit after tax (PAT) of Rs3.71 billion for the quarter ended September 30, 2025, compared with Rs5.63bn in the same period last year, marking a 34%YoY decline. Read more

Citi Pharma Limited (PSX: CPHL) reported a profit after income tax of Rs203.69m for the quarter ended September 30, 2025, up 1% from Rs201.5m in the corresponding quarter last year. Read more

D.G. Khan Cement Company Limited (PSX: DGKC) has revealed its financial results for the quarter ended September 30, 2025, showcasing a remarkable turnaround in profitability. Read more

Oil and Gas Development Company Limited (PSX: OGDC) reported a profit after tax (PAT) of Rs38.3 billion for the quarter ended September 30, 2025, showing a 5.5% YoY decline compared to Rs41bn earned in the same period last year. Read more

The Bank of Khyber (PSX: BOK) reported a profit after taxation of Rs4.97bn for the nine months ended September 30, 2025, up 89% from Rs2.63bn in the corresponding period last year. Read more

Towellers Limited (PSX: TOWL) has revealed its financial results for the quarter ended September 30, 2025, posting a sharp decline of 49% in profit after taxation, which fell to Rs90.5 million from Rs177.8m in the same period last year. Read more

The Board of Directors of Chakwal Spinning Mills Limited (CSML) has approved a plan to change the company's principal line of business from its existing textile activity to Information Technology (IT) and Cloud Services. Read more

The Board of Directors of Shams Textile Mills Limited has approved the disposal of Machinery Unit No. 1 located in Chiniot, citing its outdated condition and lack of financial viability. Read more

Ghani Global Holdings Limited (PSX: GGL) has shared its financial results for the quarter ended September 30, 2025. The company reported a substantial 53% surge in Profit after Taxation, which climbed to Rs542m from Rs354m in the same period last year. Read more

Sapphire Chemicals (Private) Limited, a wholly owned subsidiary of Sapphire Textile Mills Limited, has announced plans to establish a state-of-the-art soda ash manufacturing facility with an annual production capacity of 220,000 tons. Read more

Nishat Chunian Limited (PSX: NCL) reported a profit after tax of Rs516.16m for the quarter ended September 30, 2025, showing a remarkable surge of 1,303% compared to Rs36.78m recorded in the same period last year. Read more

In a major anti-smuggling operation, the Customs Appraisement Collectorate, Taftan has seized over 11.16 million Methadone Hydrochloride tablets of Iranian origin, valued at Rs446 million, during a surprise inspection at the Taftan Border Terminal. Read more

Archroma Pakistan Limited (PSX: ARPL) has shared its financial results for the year ended September 30, 2025, reporting a net profit of Rs1.18bn, marking a turnaround from a loss of Rs546m in the previous year. Read more

Packages Limited (PSX: PKGS), a leading packaging solutions provider in Pakistan, reported a profit after tax of Rs1.40bn for the nine months ended September 30, 2025, showing a robust increase of 42.13% compared to Rs988.3 million in the same period last year. Read more

Ghani Chemical Industries Limited (PSX: GCIL) has posted a profit after tax of Rs528.54m for the quarter ended September 30, 2025, a solid growth of 75% compared to Rs302.84m recorded in the same period last year. Read more

Pakistan and Sri Lanka have agreed to explore joint initiatives in marine and coastal tourism to boost the blue economy, create jobs, and strengthen regional connectivity through sustainable ocean-based development. Read more

The Board of Directors of JS Infocom Limited, a wholly owned subsidiary of Jahangir Siddiqui & Co. Ltd., has approved a plan to buy back up to 60 million of its fully paid-up ordinary shares at a maximum price of Rs10 per share. Read more

In a landmark development for Pakistan’s energy sector and bilateral trade ties with the United States, Cnergyico Pk Limited has successfully received the country’s first-ever shipment of US crude oil at its Single Point Mooring (SPM) terminal in Balochistan today. Read more

The overall Business Confidence Index (BCI) decreased by 0.5 points, reaching 55.1 in October 2025, according to the latest results of the Business Confidence Survey (BCS), conducted by the State Bank of Pakistan (SBP) in collaboration with the Institute of Business Administration (IBA). Read more

Ghani Global Glass Limited (PSX: GGGL) reported a profit after taxation of Rs24.37mn for the quarter ended September 30, 2025, down 52% from Rs50.38mn in the corresponding quarter last year. Read more

Askari Bank Limited (PSX: AKBL), a leading commercial bank in Pakistan, reported a profit after tax of Rs18.2bn for the nine months ended September 30, 2025, showing a growth of 28.53% compared to Rs14.2bn in the same period last year. Read more

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs419,862 per tola, up Rs3,500. Read more

Pakistan Petroleum Limited (PSX: PPL) reported a profit after taxation of Rs20.04bn for the quarter ended September 30, 2025, down 12% from Rs22.70bn in the corresponding quarter last year. Read more

The Board of Directors of Cyan Limited has granted in-principle approval to amalgamate the company with DH Partners Limited and Dawood Lawrencepur Limited under a Scheme of Arrangement, according to the Company's filing on PSX revealed today. Read more

Global tech giant Meta and the Government of Pakistan have agreed to strengthen cooperation in digital trade, e-commerce, and artificial intelligence (AI) to accelerate Pakistan’s digital transformation and empower small businesses. Read more

Cyan Limited (PSX: CAYAN), a prominent investment company in Pakistan, reported a profit after tax of Rs507.6m for the nine months ended September 30, 2025, showing a remarkable surge of 146.57% compared to Rs205.9m in the same period last year. Read more

Pakistan and Bangladesh have agreed to strengthen economic cooperation, enhance bilateral trade, and explore the resumption of direct flights to deepen connectivity between the two nations. Read more

International Industries Limited (PSX: INIL) reported a profit after tax of Rs608.9m for the quarter ended September 30, 2025, a sharp reversal from a loss of Rs49.9m in the corresponding quarter last year. Read more

The World Economic Forum (WEF) has formally invited Prime Minister Muhammad Shehbaz Sharif to attend its Annual Meeting in Davos in January 2026. Read more

Colgate-Palmolive (Pakistan) Limited (PSX: COLG) reported a profit after taxation of Rs4.56bn for the quarter ended September 30, 2025, down 11% from Rs5.10bn in the corresponding quarter last year. Read more

Sitara Chemical Industries Limited (PSX: SITC), a leading manufacturer of soda ash and other chemical products in Pakistan, reported a profit after tax of Rs349.0 million for the quarter ended September 30, 2025, showing a remarkable surge of 124.72% compared to Rs155.3m in the same period last year. Read more

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