MG Morning Breeze: Updates to Skim before Market

November 03, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Weekly Market Roundup

The Pakistan Stock Exchange rode a roller-coaster this week: the KSE-100 closed at 161,631.73, down from 163,304.13 last week. Read more

• SBP lowers remuneration rate on Special Cash Reserve Account to 3% for November

The State Bank of Pakistan (SBP) has notified that the rate of remuneration on the Special Cash Reserve Account (US$) maintained with the central bank will be 3.00% for November 2025, compared to 3.27% in October 2025. Read more

• Du Café: After the Handshake, Pakistan’s Fragile Fiscal Revival

In 2023, Pakistan was on the verge of default, and the situation was tense. Rating agencies were downgrading Pakistan’s sovereign status, the IMF review was on hold, and a Dubai-based bank was betting against Pakistan’s currency swap. Read more

• Key Pakistan Market Stats and Economic Indicators

Weekly roundup of Key Economic releases and market data and statistics Read more

• EPCL eyes long-term energy strategy amid gas levy uncertainty

Engro Polymer & Chemicals Limited (PSX:EPCL) is actively evaluating multiple energy options, including solar, coal, grid and hybrid systems, and expects to finalize a comprehensive energy strategy by the end of December 2025 or early January 2026. Read more

• IHC rejects telecom petitions, affirms CCP’s role in preventing anti-competitive conduct

The Islamabad High Court (IHC) has upheld the jurisdiction of the Competition Commission of Pakistan (CCP) to inquire into deceptive marketing and anti-competitive conduct in the telecom sector. Read more

• Sindh boosts wheat sowing with Rs55bn farmer aid

The Sindh government has directed immediate disbursement of funds under the 2025 Wheat Growers’ Support Programme to help small farmers purchase Urea and DAP fertilisers ahead of the ongoing wheat sowing season across the province. Read more

• Pakistan’s debt to drop to 63% of GDP by 2028

Pakistan’s total public debt is projected to decline from 70.8% of GDP in FY2025 to 63.3% by FY2028, according to the Debt Sustainability Analysis (DSA) Report FY2026–FY2028 released by the Finance Division. Read more

• Tax filings hit record 5.9m as of October 31

Marking a new milestone in voluntary compliance and taxpayer awareness, the Federal Board of Revenue (FBR) has recorded a significant increase in income tax return filings for Tax Year 2025. Read more

• Govt raises petrol, diesel prices

The federal government has increased petrol and high-speed diesel (HSD) prices for the next fortnight, in line with movements in international oil markets and recommendations from the Oil and Gas Regulatory Authority (OGRA). Read more

• Muzzammil Aslam retains position as Finance Adviser to Khyber Pakhtunkhwa Chief Minister

The Khyber Pakhtunkhwa (KPK) government has retained Mr. Muzzammil Aslam as Adviser to the Chief Minister on Finance, under the newly formed provincial cabinet. Read more

• Pakistan eyes global best practices for gemstone sector reform

The upcoming National Gemstones Policy is set to boost Pakistan’s gemstone sector through formalization, policy reforms, and international collaboration. Read more

• PSX Closing Bell: What a Feeling!

The benchmark KSE-100 Index concluded Friday's trading session at 161,631.73, showing an increase of 4,898.86 points or 3.13%. Read more

• PKR remains flat against USD

The Pakistani rupee (PKR) increased by 1.16 paisa against the US dollar in Friday's interbank session to settle the trade at PKR 280.91 per USD, compared to previous closing of 280.92. Read more

• Attock Refinery set for $500m overhaul to meet Euro-V Standards

Attock Refinery Limited (PSX: ATRL) has reiterated its commitment to undertake its long-awaited refinery upgradation project, estimated at $500 million, once key fiscal and regulatory impediments are resolved. The management shared this update during an analyst briefing session following the company’s FY25 financial results. Read more

• Pakistan, U.S. explore deeper cooperation in critical minerals

Pakistan and the United States reaffirmed their commitment to strengthening collaboration in the minerals and mining sector, with a focus on building secure, transparent, and sustainable supply chains. Read more

• Govt of Pakistan vows to tackle 10m housing unit shortfall

The government is fully committed to tackling Pakistan’s mounting housing crisis, which has surpassed ten million units, through innovative policies, sustainable development, and strong public-private partnerships. Read more

• PARC restructuring set to drive innovation and food security

Major reforms are underway to revitalize Pakistan’s agricultural research system under a comprehensive roadmap developed with support from the Chinese Ministry of Agriculture and Rural Affairs (MARA) and the Chinese Academy of Agricultural Sciences (CAAS). Read more

• Pakistan, Canada strengthen partnership on trade, investment

Pakistan and Canada have reaffirmed their commitment to deepening bilateral relations, with a focus on expanding trade, investment, and economic collaboration across key sectors. Read more

• Pakistani scientist calls for AI-driven industrial transformation

Pakistani scientist and international science leader, Prof. Dr. Manzoor Hussain Soomro called for AI-driven industrial transformation to accelerate sustainable growth across the developing world, reported APP. Read more

• OMO Result: SBP injects over Rs12tr

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 Rs12.26 trillion into the market of which Rs12.26tr were injected through reverse repo OMO. Read more

• Gold price in Pakistan rises Rs5,300 per tola

Gold price in Pakistan increased on Friday, with 24-karat gold being sold at Rs424,162 per tola, up Rs5,300. Read more

• Weekly SPI increases by 0.12%

Pakistan’s short-term inflation, measured by the Sensitive Price Indicator (SPI), inched up by 0.12% for the week ended October 30, 2025, according to the latest data released by the Pakistan Bureau of Statistics (PBS). Read more

• Oil markets lose steam ahead of OPEC+ Meeting

Oil prices slipped on Friday, on track for a third consecutive monthly drop, as a stronger U.S. dollar and disappointing economic data from China limited upward momentum. Meanwhile, increasing global output from major producers continued to outweigh the effects of Western sanctions on Russian exports. Read more

• Pakistan eyes export-led growth through green and digital transformation

Pakistan is steering its economic agenda toward export-led growth, emphasizing green manufacturing, digital reforms, and value addition as key pillars for the next decade. Read more

• Engro Powergen Qadirpur secures low BTU gas supply from Badar field

Engro Powergen Qadirpur Limited (PSX:EPQL) has executed a Supplemental Agreement with Central Power Purchasing Agency (Guarantee) Limited (CPPA-G) to add low BTU gas from the Badar gas field as an additional fuel source for its power plant. Read more

• PSX Intra Day: Green and Growing

The bulls took charge at the Pakistan Stock Exchange on Friday as the benchmark KSE-100 Index surged by 3,264.91 points to trade at 159,997.78 by intra-day, marking a gain of 2.08%. Read more

• Pakistan, Afghanistan agree to ceasefire after Istanbul talks

Pakistan and Afghanistan have agreed to continue their ceasefire following a fresh round of talks held in Istanbul, according to a joint statement released by Türkiye. Read more

• SCRA ends week around Rs29bn

The SCRA balance decreased by Rs595.34 million during the week ending Oct 24, 2025 to close at Rs28.8bn. Read more

• easypaisa digital bank's 9MCY25 profit crosses Rs5.6bn

easypaisa digital bank has shared the financial result for the nine months ended September 30, 2025, recording a profit before tax of Rs5.65 bn, up from Rs3.88 bn in the same period last year, representing a 45.60% year-on-year (YoY) increase. Read more

• Tri-Star Power swings to profit in 1QFY26

Tri-Star Power Limited (PSX: TSPL) reported a profit after tax (PAT) of Rs687,630 for the quarter ended September 30, 2025, marking a sharp turnaround from a loss of Rs633,074 in the same period last year. Read more

• SLGL profit surges 82% in 9MCY25

Secure Logistics - Trax Group Limited (PSX: SLGL) reported a profit after taxation of Rs708.7m for the nine months ended September 30, 2025, surging 82% from Rs390.2m in the corresponding period last year. Read more

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