MG Morning Breeze: Updates to Skim before Market

January 28, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan economy enters the acceleration phase

Pakistan’s economy is showing clear signs of revival as FY2026 unfolds, with momentum building across key sectors amid improving macroeconomic conditions. Read more

• ISL triples profit to Rs1.6bn in H1FY26

International Steels Limited (PSX: ISL) posted a profit after taxation of Rs1.61bn for the six months ended December 31, 2025, tripled from Rs534.09m in the corresponding period last year. Read more

• Sazgar 6MFY26 profit up 27%, declares Rs15 dividend

Sazgar Engineering Works Limited (PSX: SAZEW) posted a profit after taxation of Rs8.44bn for the six months ended December 31, 2025, up 27.4% compared to Rs6.63bn in the corresponding period last year. Read more

• Fauji Foods profit surges 76% to over Rs1bn

Fauji Foods Limited (PSX: FFL) reported a significant surge in profitability for the year ended December 31, 2025, with profit after taxation reaching Rs1.15bn, up 75.8% from Rs656.4m in the corresponding period last year. Read more

• PSX Closing Bell: Pause for the Bulls

The benchmark KSE-100 Index concluded Tuesday's trading session at 188,202.85, showing a decrease of 384.81 points or 0.20%. Read more

• PKR inches higher against USD

The Pakistani rupee (PKR) rose by 2.87 paisa or 0.01% against the US dollar in Tuesday's interbank session to settle the trade at PKR 279.82 per USD, compared to previous closing of 279.85. Read more

• Top court dismisses appeals against super tax

Pakistan’s Federal Constitutional Court on Tuesday dismissed all appeals challenging the imposition of the super tax, restoring Section 4B of the Income Tax Ordinance and dealing a major blow to the business community. Read more

• HCAR EPS soars to Rs15.6 in 9MFY26

Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) reported a strong turnaround, posting a profit after taxation of Rs2.23bn for the nine months ended December 31, 2025, up 116.8% YoY compared to Rs1.03bn in the same period last year. Read more

• Gold price in Pakistan falls Rs1,500 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs530,562 per tola, down Rs1,500. Read more

• Haleon to invest £3.58m in Panadol Liquid packaging line expansion

Haleon Pakistan Limited (PSX:HALEON) is to invest £3.58 million in the expansion and modernization of its Panadol Liquid packaging line. Read more

• Mr. Muhammad Ali Farid Khwaja appointed SECP commissioner

The Federal Government of Pakistan has officially appointed Mr. Muhammad Ali Farid Khwaja as Commissioner of the Securities and Exchange Commission of Pakistan (SECP) for a three-year term, effective immediately. Read more

• Ghani Dairies IPO opens via Book Building

The Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock Exchange (PSX) have approved the issuance and publication of the Prospectus for the Initial Public Offering (IPO) of Ghani Dairies Limited (GDL). Read more

• Pakistan, Denmark reaffirm commitment to climate action

Pakistan and Denmark have emphasized the need to strengthen cooperation on climate action and science diplomacy amid shifting global political dynamics, with a focus on equitable climate financing, research collaboration, and academic exchanges. Read more

• SBP’s FX Purchases rises to $1.03bn in Oct

The State Bank of Pakistan (SBP) purchased $1.033bn from the interbank foreign exchange market in October 2025, maintaining its strong intervention stance from the previous month when it purchased $1.023bn in September 2025. Read more

• S&P, SBP forecast steady growth, controlled inflation

Pakistan is set to experience moderate economic growth in the coming years, according to projections from S&P Global Market Intelligence and the State Bank of Pakistan (SBP). Read more

• Lucky Core 6MFY26 profit drops 28%, maintains dividend at Rs5.25

Lucky Core Industries Limited (PSX: LCI) posted a profit after taxation of Rs4.60bn for the six months ended December 31, 2025, down 27.8% compared to Rs6.37bn in the corresponding period last year. Read more

• Govt retires Rs116bn debt in a week

The government of Pakistan has retired a debt of Rs116.48 billion during the week ended January 16, 2026, which brings its total net retirement for ongoing fiscal year 2026 to Rs334.36bn, according to the central bank's weekly estimates. Read more

• M2 falls by Rs75bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs75.28 billion WoW to Rs40.88 trillion as of January 16, 2026, data released by State Bank of Pakistan (SBP) showed. Read more

• PSX sets minimum buyback price of Rs700/share for Gillette

Gillette Pakistan Limited's (PSX:GLPL) voluntary delisting application has been reviewed by the Voluntary Delisting Committee (VDC) of the Pakistan Stock Exchange, with the committee setting a minimum buyback price significantly higher than the sponsor's offer. Read more

• AGL undertakes Annual Turnaround Activity at urea plant

Agritech Limited's (PSX:AGL) urea plant is to undergo its scheduled Annual Turnaround (ATA) activity from January 27, 2026, to February 16, 2026, according to the company's statement issued today. Read more

• SAZGAR extends GWM Tank 500 delivery timelines, offers free charger

SAZGAR Engineering Works Limited has revised the delivery timelines for the GWM Tank 500 HEV and PHEV in Pakistan, citing an unprecedented response and exceptionally strong demand for the premium SUV. Read more

• SBP lowers CRR for banks, easing liquidity from Jan 30

The State Bank of Pakistan (SBP) has reduced the average Cash Reserve Requirement (CRR) for all banks to 5%, with a daily minimum of 3%, to support credit expansion to the private sector. Read more

• Bank Makramah unveils share restructuring

Bank Makramah Limited (PSX: BML) has approved a comprehensive restructuring plan aimed at optimizing its shareholding structure and strengthening its capital base, following a board meeting held on January 26, 2026. Read more

• NBP issues foreign exchange rates

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

• Asia markets gain global spotlight on IPO, deal surge

Asia markets are rapidly cementing their place at the center of global capital flows, as strong IPO pipelines, rising cross-border investments and accelerating deal activity draw renewed attention. Read more

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