MG Morning Breeze: Updates to Skim before Market

April 29, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Govt scraps solar licensing rules for small consumers

The National Electric Power Regulatory Authority (NEPRA) has eliminated the licensing requirement for residential and small-scale solar users with systems of 25 kilowatts or less. Read more

• SBP rejects all bids in fixed-rate PIB auction

The State Bank of Pakistan (SBP) received but rejected all bids across all tenors in its auction of fixed-rate Pakistan Investment Bonds (PIBs), with a settlement date of April 29, 2026, raising no funds from the market. Read more

• UAE walks away from OPEC amid energy turmoil

In a major shake-up for global energy markets, the United Arab Emirates is leaving OPEC and the broader OPEC+ alliance, dealing a significant blow to the producer group led by Saudi Arabia at a time of heightened geopolitical tensions Read more

• CNERGY Delivers Massive Turnaround, Hits Rs17.1bn Profit

Cnergyico PK Limited (PSX: CNERGY) reported a remarkable turnaround for the nine months ended March 31, 2026, posting a profit after taxation of Rs17.10bn compared to a loss of Rs1.76bn in the corresponding period last year. Read more

• Packages Limited delivers 5.7x profit surge

Packages Limited (PSX: PKGS) reported an outstanding 5.73x year-on-year expansion in profit for the period for the three months ended March 31, 2026, recording Rs1.27bn compared to Rs187.87m in the corresponding period last year. Read more

• Matco Foods earnings rise 39% despite sales dip

Matco Foods Limited (PSX: MFL) reported a robust 39.27% year-on-year expansion in profit for the period for the nine months ended March 31, 2026, recording Rs414.26m compared to Rs297.45m in the corresponding period last year. Read more

• TOMCL 9MFY26 profit falls 16%

The Organic Meat Company Limited (PSX: TOMCL) reported a 16% decline in its consolidated net profit for the nine months ended March 31, 2026, recording Rs387.71m compared to Rs459.76m in the corresponding period last year. Read more

• SECP unveils comprehensive ETF reform roadmap

To support the development of the Exchange Traded Fund (ETF) market in Pakistan through improved liquidity, enhanced investor access, and broader market outreach, the Securities and Exchange Commission of Pakistan (SECP) has granted in-principle approval for the implementation of a comprehensive ETF reform roadmap. Read more

• Arif Habib Consortium submits bid for remaining 25% of PIA

A consortium led by Arif Habib has submitted a bid to acquire the government’s remaining 25% stake in Pakistan International Airlines Corporation Limited, as the April 28 deadline for final offers lapsed. Read more

• PKR holds firm, closes slightly higher

The Pakistani Rupee posted a marginal gain against the US Dollar on Tuesday, appreciating by 1.11 paisa in the interbank market to close at PKR 278.81 per USD, compared to the previous session’s closing of 278.82. Read more

• SRVI Q1CY26 profit nearly triples

Service Industries Limited (PSX: SRVI) reported a spectacular 3x surge in its consolidated profit after taxation for the first quarter ended March 31, 2026, reaching a massive Rs5.05bn compared to Rs1.69bn in the corresponding period last year. Read more

• Roshan Packages profit plunges 77% in 9MFY26

Roshan Packages Limited (PSX: RPL) reported a sharp 76.97% year-on-year contraction in profit for the period for the nine months ended March 31, 2026, recording Rs27.76m compared to Rs120.56m in the corresponding period last year. Read more

• Circular debt hits Rs1.84tr

Pakistan’s power sector circular debt (CD) rose to Rs1.84 trillion in February 2026, up from Rs1.76trn in January 2026, but notably lower than Rs2.53trn recorded in February 2025, according to data compiled by Arif Habib Limited, citing the Ministry of Energy (Power Division). Read more

• Unilever Foods profit climbs 26% in Q1, EPS hits Rs331

Unilever Pakistan Foods Limited (PSX: UPFL) reported a robust 26.05% year-on-year expansion in profit after income tax for the three months ended March 31, 2026, recording Rs2.11bn compared to Rs1.67bn in the corresponding period last year. Read more

• PSX Closing Bell: Downbeat End

The benchmark KSE-100 Index closed Tuesday’s trading session at 168,412.23, posting a decline of 1,085.12 points, or 0.64%, as investor sentiment remained under pressure amid rising global oil prices and lingering uncertainty surrounding US-Iran negotiations. Read more

• TBL 9MFY26 loss shrinks 79%

Treet Battery Limited (PSX: TBL) reported a massive 79% reduction in its net loss for the nine months ended March 31, 2026, recording a loss of Rs45.53m compared to a net loss of Rs213.48m in the corresponding period last year. Read more

• Sea Link Group targets control of PICT in major takeover bid

Sea Link Group Limited, a Seychelles-registered logistics and shipping firm backed by Pakistani executives Bilal Shahid and Umer Shahid, has launched a move to acquire at least 83.41% stake and control of Pakistan International Container Terminal Limited (PICT), according to a public announcement filed with regulators. Read more

• GLPL swings to loss in 9MFY26

Gillette Pakistan Limited (PSX: GLPL) reported a severe financial downturn for the nine months ended March 31, 2026, swinging from a net profit of Rs30.10m in the previous year to a heavy net loss of Rs111.84m. Read more

• PAKT earnings up almost 50% in 3MCY26

Pakistan Tobacco Company Limited (PSX: PAKT) reported a stellar 49% surge in its consolidated net profit for the first quarter ended March 31, 2026, reaching Rs9.34bn compared to Rs6.27bn in the corresponding period last year. Read more

• SBP, PSX to remain closed on May 1

The State Bank of Pakistan (SBP) and the Pakistan Stock Exchange (PSX) will remain closed on Friday, May 1, 2026, in observance of Labour Day, as declared by the Government of Pakistan. Read more

• TGL 9MFY26 profit drops 16%

Tariq Glass Industries Limited (PSX: TGL) reported a 16% decline in its net profit for the nine months ended March 31, 2026, recording Rs2.95bn compared to Rs3.51bn in the corresponding period last year. Read more

• Mughal Energy initiates turbine rolling at Hybrid Power Project

Mughal Energy Limited, a subsidiary of Mughal Iron & Steel Industries Limited, has commenced turbine rolling at its hybrid power plant. Read more

• GGGL 9MFY26 profit plunges 71%

Ghani Global Glass Limited (PSX: GGGL) reported a steep 71% plunge in its net profit for the nine months ended March 31, 2026, recording Rs70.66m compared to Rs243.22m in the corresponding period last year. Read more

• PM Shehbaz Sharif engages EU firms to boost investment

Prime Minister Shehbaz Sharif on Tuesday met a delegation of senior officials from the European Union and representatives of leading European companies at the Prime Minister House. Read more

• NATF rewards shareholders with Rs4 dividend

National Foods Limited (PSX: NATF) reported a spectacular 2.9x surge in its consolidated net profit for the nine months ended March 31, 2026, reaching a massive Rs5.34bn compared to Rs1.83bn in the corresponding period last year. Read more

• Gold price in Pakistan falls Rs8,900 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs485,062 per tola, down Rs8,900. Read more

• KIBOR jumps up to 99 bps after SBP hikes policy rate to 11.5%

Pakistan’s Karachi Interbank Offered Rate (KIBOR) surged sharply across all tenors on Tuesday after the State Bank of Pakistan’s Monetary Policy Committee raised the policy rate by 100 basis points to 11.5%, marked a clear shift to a more hawkish stance amid rising inflation risks and persistently elevated global energy prices. Read more

• SGF profit quadruples in 3MCY26

Service Global Footwear Limited (PSX: SGF) reported a spectacular 4x surge in its consolidated net profit for the first quarter ended March 31, 2026, reaching Rs487.17m compared to Rs122.01m in the corresponding period last year. Read more

• At-Tahur Limited posts steady 20% rise in 9MFY26 earnings

At-Tahur Limited (PSX: PREMA) reported a robust 20.28% year-on-year expansion in profit after taxation for the nine months ended March 31, 2026, recording Rs412.56m compared to Rs342.996m in the corresponding period last year. Read more

• Pakistan raises red flag over Hormuz disruption

Pakistan has cautioned that any extended disruption in the Strait of Hormuz could have far-reaching consequences for the global economy, including interruptions in trade flows, shortages in food and energy supplies, and rising inflation, with developing countries likely to face the harshest impact. Read more

• Lucky Core profit drops 28% in 9MFY26

Lucky Core Industries Limited (PSX: LCI) reported a 27.58% year-on-year contraction in profit after taxation for the nine months ended March 31, 2026, recorded Rs6.50bn compared to Rs8.98bn in the corresponding period last year. Read more

• PAKOXY profit soars 76% in Q1CY26

Pakistan Oxygen Limited (PSX: PAKOXY) reported a spectacular 76% surge in its net profit for the first quarter ended March 31, 2026, reaching Rs690.06m compared to Rs391.46m in the corresponding period last year. Read more

• FFL Q1CY26 profit declines 10%

Fauji Foods Limited (PSX: FFL) reported a 10% decline in its consolidated net profit for the first quarter ended March 31, 2026, recording Rs301.59m compared to Rs335.40m in the corresponding period last year. Read more

• Thal delivers solid 33% earnings growth

Thal Limited (PSX: THALL) reported a robust 33.45% year-on-year expansion in profit after taxation for the nine months ended March 31, 2026, recording Rs8.32bn compared to Rs6.23bn in the corresponding period last year. Read more

• BFBIO 9MFY26 profit grows 45%

BF Biosciences Limited (PSX: BFBIO) reported a substantial 45% increase in its net profit for the nine months ended March 31, 2026, reaching Rs464.95m compared to Rs320.34m in the corresponding period last year. Read more

• Hi-Tech Lubricants profit skyrockets over 100-fold

Hi-Tech Lubricants Limited (PSX: HTL) reported a more than 102-fold expansion in profit after taxation for the nine months ended March 31, 2026, recording Rs434.90m compared to just Rs4.24m in the corresponding period last year. Read more

• ECC approves grants, notes gradual stabilization in prices

The Economic Coordination Committee (ECC) have noted encouraging signs of stabilization in prices of essential commodities and a moderation in inflationary pressures, attributing the improvement to coordinated efforts across federal, provincial, and district administrations. 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

• Thatta Cement profit jumps 52% to Rs2bn in 9MFY26

Thatta Cement Company Limited (PSX: THCCL) reported a robust 52% surge in its net profit for the nine months ended March 31, 2026, recorded Rs2.22bn compared to Rs1.46bn in the corresponding period last year. Read more

• Asia markets mixed amid U.S. Iran uncertainty

Asia markets traded mixed on Tuesday as investors assessed ongoing developments in U.S.-Iran negotiations. Read more

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