MG Morning Breeze: Updates to Skim before Market

September 22, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Petrol price rises Rs4.61, HSD falls Rs1.96/L

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, reducing the price of High-Speed Diesel (HSD) by Rs1.96 per litre and raising the price of Motor Spirit (petrol) by Rs4.61 per litre, effective September 22, 2026. Read more

• ATRL eyes profit expansion as capacity utilization, product yields recover

Attock Refinery Limited (ATRL) is positioning itself at the forefront of a major structural transformation in Pakistan’s oil refining industry as the sector works to eliminate a chronic mismatch between domestic production and petroleum product demand. Read more

• Auto assemblers accelerate profit growth in FY26

Pakistan's automobile assembling sector posted a strong bottom-line performance in FY26, as robust volumetric and price-driven revenue growth across the industry offset a sharp rise in the tax burden. Read more

• Pakistan set to receive second Qatari LNG cargo in September

Pakistan has negotiated with Iran for safe passage through the Strait of Hormuz for a Qatari liquefied natural gas (LNG) cargo, with the shipment expected to arrive at the country's import facility on September 22, according to Bloomberg. Read more

• PSX Closing Bell: A Mild Upswing

Pakistan’s benchmark KSE-100 Index edged higher on Monday, gaining 268.58 points or 0.16% to close at 171,153.16, as buying in cement, fertilizer and energy stocks helped the market maintain its upward trajectory. Read more

• Bitcoin closes in on $85,000 as bears get forced out

Bitcoin jumped past $84,000, as a wave of forced buying by squeezed short sellers pushed the price higher and lifted crypto-linked stocks with it. Read more

• PKR holds firm against USD, gains nearly 3 paisa

The Pakistani rupee strengthened marginally against the US dollar in Monday’s interbank trading, appreciating by 2.94 paisa to close at PKR 277.22 per dollar, compared with the previous session’s close of PKR 277.25. Read more

• KP Excise makes biggest-ever narcotics haul with 960kg seizure

The Excise Intelligence Bureau of the Khyber Pakhtunkhwa Excise, Taxation and Narcotics Control Department has seized 960 kilograms of narcotics in Peshawar, marking the largest anti-narcotics operation in the department’s history. Read more

• Punjab intensifies efforts to curb AMR in poultry

Punjab is stepping up efforts to promote responsible use of antibiotics, tighten biosecurity and improve hygiene at poultry farms in a bid to check antimicrobial resistance (AMR) and safeguard the health of birds. Read more

• Gold price in Pakistan falls Rs2,700 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs457,536 per tola, down Rs2,700. Read more

• Finance Division extends Rs2,500 M.Phil allowance to HEC-equivalent degrees

The Finance Division has extended the M.Phil allowance of Rs2,500 per month to federal government employees holding degrees declared equivalent to M.Phil by the Higher Education Commission (HEC). Read more

• Engro Fertilizers resumes EnVen Plant operations after maintenance

Engro Fertilizers Limited (PSX:EFERT) has informed that its EnVen Plant successfully resumed operations on September 19, 2026, after the completion of maintenance activities. Read more

• Fertilizer offtake falls 15% YoY in August 2026

Fertilizer consumption in Pakistan witnessed weak performance in August 2026, as overall nutrient offtake decreased by 15.2% year-on-year to 450,000 tonnes, according to the latest Monthly Fertilizer Review released by the National Fertilizer Development Centre (NFDC). Read more

• Fast Cables board proposes using Rs 747m surplus IPO funds for working capital

Fast Cables Limited's (PSX:FCL) board has recommended that shareholders approve the use of Rs 747.763mn in surplus IPO proceeds, together with Rs 328.976mn in returns earned on them, towards working capital, and the sale of its Lahore factory building to a director and related party for not less than Rs 300mn. Read more

• SE Fruits & Vegetable IPO fully subscribed within 2 hours

The book building portion of the Initial Public Offering (IPO) of SE Fruits & Vegetable Limited was fully subscribed within close to two hours, according to a post by Topline Securities Limited on X. Read more

• Pakistan's power generation rises 5% YoY in Aug

Pakistan's total power generation rose 5.1% year-on-year (YoY) to 14,943 GWh in Aug'26, up from 14,218 GWh a year earlier, amid higher hydel, coal, gas and wind output, while cumulative generation in 2MFY27 climbed 6.1% YoY to 30,065 GWh. Read more

• SE Fruits and Vegetable IPO book-building commences

The two-day book-building process for the Initial Public Offering (IPO) of SE Fruits and Vegetable Limited commenced today and will continue until September 22, offering investors an opportunity to participate in the public offering of the export-oriented, Shariah-compliant company. Read more

• Zuma Resources sets up wholly owned UK subsidiary

Zuma Resources Limited has set up a wholly owned subsidiary in the United Kingdom, Zuma Global Ltd, to expand its technology and global connectivity business in international markets, and the new unit is moving towards launching SIM and digital connectivity operations in the UK. Read more

• Pakistan gears up for high-level diplomatic engagements at UNGA

Pakistan’s diplomatic engagements at the United Nations are set to intensify with Deputy Prime Minister and Foreign Minister Ishaq Dar arriving in New York on Sunday to participate in the 81st session of the United Nations General Assembly (UNGA). Read more

• Gold stays flat as investors weigh Middle East tensions

Gold prices hardly moved on Monday as investors weighed what the Middle East conflict means for inflation and interest rates. Read more

• Oil prices fall towards $102 amid Saudi supply recovery, US-Iran uncertainty

Oil prices declined on Monday as traders monitored the pace of Saudi Arabia’s oil shipment recovery following missile and drone attacks by Iran-backed Houthis on Saturday, according to CNBC. Read more

• Pakistan's cement sector enters volume-led upcycle

Pakistan’s cement sector is making a definitive transition away from an earnings phase previously driven by cost-containment measures and price adjustments, entering a multi-year, volume-led demand recovery. Read more

• Gatron FY26 loss narrows 75% to Rs496m

Gatron (Industries) Limited (PSX: GATI) recorded a 75% reduction in its consolidated net loss for the year ended June 30, 2026, with loss for the year narrowing to Rs496.35m from Rs2.01bn in the corresponding period last year. Read more

• HTL FY26 profit nearly 5x to Rs473m, declares Rs1.15 dividend

Hi-Tech Lubricants Limited (PSX: HTL) posted a stellar performance for the year ended June 30, 2026, with its consolidated profit after taxation nearly quintupling to Rs472.96m from Rs101.81m in the corresponding period last year. Read more

• NBP issues foreign exchange rates

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

• Asian markets trade mixed amid renewed Middle East tensions

Asian markets traded mixed in early Monday trading, as renewed tensions in the Middle East weighed on investor sentiment, while Japan’s markets remained closed for a public holiday. Read more

• Junaid Iqbal set to become Engro Corporation CEO in April 2027

Engro Holdings Limited (“Engro Holdings”) today announced that the Board of Directors of Engro Corporation Limited (“Engro Corporation”) has approved Mr. Junaid Iqbal as the successor to Mr. Ahsan Zafar Syed for the role of President and CEO of Engro Corporation. Read more

Copyright Mettis Link News