MG Morning Breeze: Updates to Skim before Market

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

• Petrol price slashed Rs2.27, HSD Rs3.56 from Sept 29

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, reducing the price of High-Speed Diesel (HSD) by Rs3.56 per litre and Motor Spirit (petrol) by Rs2.27 per litre, effective September 29, 2026. Read more

• SBP’s net FX purchases rise to $8bn in FY26

The State Bank of Pakistan (SBP) increased its net foreign exchange purchases from the interbank market by 5.5% to $8.104 billion in FY26, compared with $7.684 billion in the preceding fiscal year, according to data released by the central bank. Read more

• K-Electric’s K-Solar rebrands as K Nova to expand renewable energy portfolio

K-Solar, a wholly owned subsidiary of K-Electric’s investment arm KE Ventures Company (Pvt) Limited, has been renamed K Nova as the company broadens its operations into an end-to-end renewable energy solutions platform. Read more

• Chinese Agri technology lifts Pakistani farmers’ income threefold

Chinese agricultural technology transferred to Pakistan has helped raise incomes among Pakistani farmers and improve agricultural productivity, Pakistan’s Consul General in Chengdu Tanvir A. Bhatti said on Monday. Read more

• Pakistan, China deepen marine science cooperation at Qingdao forum

Pakistan and China are seeking to expand cooperation in marine science, blue economy development and climate resilience following a regional marine cooperation forum held in Qingdao, Shandong province. Read more

• Pakistan operationalizes PSW integration with Hong Kong’s ValidAP

Pakistan has operationalized the integration of its Pakistan Single Window (PSW) with Hong Kong’s ValidAP platform, enabling digital verification of electronic trade documents without transmitting or storing the underlying documents or their sensitive information. Read more

• PSX Closing Bell: A Nudge Lower

KSE100 Index closed Monday's trading session at 170,425.62 showing a decrease of 0.2% or 339.6 points. Read more

• The Petrol Subsidy: Math?

Imagine Aslam, a Karachi office worker who rides his motorcycle to work. Since the petrol subsidy began, he has been stopping at a petrol station every week, showing the SMS token on his phone and filling up with five litres of petrol. At around Rs391 a litre, the bill comes to Rs1,955. The token knocks Rs500 off the bill, leaving him to pay Rs1,455. Read more

• PKR posts modest gain against USD

The Pakistani rupee (PKR) recorded a marginal gain against the US dollar on Monday, appreciating by 0.81 paisa in the interbank market to close at PKR 277.15 per dollar, compared to the previous session’s close of PKR 277.16. Read more

• NCPL posts Rs2.5bn profit in FY26

Nishat Chunian Power Limited (PSX: NCPL) staged a massive turnaround for the fiscal year ended June 30, 2026, reporting a net profit of Rs2.48bn compared to a net loss of Rs3.38bn in the preceding year. Read more

• Imran Haleem Shaikh to take charge as BankIslami President, CEO

BankIslami Pakistan Limited's (PSX:BIPL) Imran Haleem Shaikh will take charge as President and Chief Executive Officer with effect from September 29, 2026. Read more

• NPL rebounds to Rs2.5bn profit in FY26

Nishat Power Limited (PSX: NPL) staged a sharp turnaround for the fiscal year ended June 30, 2026, reporting a net profit of Rs2.48bn compared to a net loss of Rs746.78m in the preceding year. Read more

• STYLERS FY26 profit softens 13%

Stylers International Limited (PSX: STYLERS) reported a 13% drop in its net profit for the fiscal year ended June 30, 2026, recording Rs1.11bn compared to Rs1.27bn in the preceding year. Read more

• Gold price in Pakistan falls Rs12,800 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs438,136 per tola, down Rs12,800. Read more

• PNSC declares Rs10 dividend

Pakistan National Shipping Corporation (PSX: PNSC) reported a 5% increase in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs21.55bn compared to Rs20.45bn in the preceding year. Read more

• SE Fruits and Vegetable Limited opens IPO subscription for general public

Public subscription for the initial public offering (IPO) of SE Fruits and Vegetable Limited opened today and will continue through Tuesday, September 29, 2026. Read more

• Govt may allocate up to Rs500bn under Sasta Petrol Scheme

The government may allocate Rs400 billion to Rs500 billion from its own resources to extend Prime Minister Shehbaz Sharif’s Sasta Petrol scheme for another 10 months, Petroleum Minister Pervaiz Malik told the media. Read more

• TOWL FY26 profit settles at Rs151m

Towellers Limited (PSX: TOWL) reported a 47% drop in its net profit for the fiscal year ended June 30, 2026, recording Rs150.88m compared to Rs286.71m in the preceding year. Read more

• Selmore Pharmaceuticals applies for PSX Main Board listing

Selmore Pharmaceuticals Limited has applied for listing on the Main Board of the Pakistan Stock Exchange (PSX) through an initial public offering (IPO) of 48,611,112 ordinary shares at a floor price of Rs42 per share. Read more

• Crescent Fibres Board clears sale of obsolete Spinning Unit-1 assets

Crescent Fibres Limited (PSX:CFL) has approved the sale of portions of the plant, machinery, equipment, stores and ancillaries of its Spinning Unit-1 at Nooriabad, S.I.T.E., District Jamshoro, for up to Rs241.5mn. Read more

• SLCL settles some creditor dues, expects sizeable debtor recovery in coming days

Security Leasing Corporation Ltd (PSX:SLCL) has settled some of its outstanding dues with creditors, is at the final stage of talks with several others, and expects a sizeable recovery from one of its debtors in the coming days, while a Sindh High Court order continues to shield it from winding up and delisting proceedings. Read more

• GCIL FY26 profit surges 44%

Ghani Chemical Industries Limited (PSX: GCIL) reported a 44% surge in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs2.87bn compared to Rs1.99bn (restated) in the preceding year. Read more

• Pakistan Needs Power Capacity Optimization

Pakistan’s power sector no longer faces simply a shortage of electricity. It now faces a more difficult question: how to get greater value from the generation capacity it already has. Read more

• NetSol sells 72,370 treasury shares to employees under ESOS

NetSol Technologies Limited (PSX:NETSOL) has sold 72,370 treasury shares to eligible employees at Rs77.84 per share under its Employees Stock Option Scheme (ESOS). Read more

• CPEC plants double Hubco's dividend haul to Rs29bn

The Hub Power Company Limited (PSX: HUBC) collected Rs29.31 billion in dividends from its subsidiaries and associates in FY26, nearly double the Rs14.91bn it received a year earlier, as its China-Pakistan Economic Corridor (CPEC) power projects began sending cash upstream in earnest, according to a research note by Arif Habib Limited (AHL). Read more

• LHC rules money laundering proceedings need not await tax cases

The Lahore High Court has ruled that money laundering proceedings can continue independently of tax disputes, allowing the Federal Board of Revenue’s Directorate General of Intelligence & Investigation Inland Revenue (I&I-IR) to investigate suspected money laundering without waiting for an income tax case to conclude. Read more

• Pakistan, Bangladesh textile bodies plan joint business meetings

Pakistan and Bangladesh are preparing to deepen cooperation between their textile and garment industries through joint business-to-business activities and greater participation in industry exhibitions. Read more

• SIFC, World Bank discuss reforms to simplify business regulations

The Special Investment Facilitation Council (SIFC) and the World Bank have discussed measures to simplify Pakistan’s business regulations and reduce compliance burdens as part of efforts to improve the investment environment. Read more

• Pakistan Railways earns Rs26bn in first quarter

Pakistan Railways earned Rs26 billion during the first quarter, prompting Railways Minister Muhammad Hanif Abbasi to appreciate the administration’s performance while directing officials to accelerate infrastructure and operational improvements. Read more

• Pakistan, Malaysia seek bigger rice trade and halal food market access

Pakistan and Malaysia have agreed to strengthen cooperation on rice exports, halal certification and agricultural supply chains as Islamabad seeks greater access to the Malaysian food market. Read more

• Gold slides to $4,196 as oil revives inflation concerns

Gold prices dropped on Monday, as higher crude prices revived inflation fears and strengthened bets on further interest rate increases by the US Federal Reserve. Read more

• NCCIA told to intensify action against online financial fraud

Interior Minister Mohsin Naqvi has directed the National Cyber Crime Investigation Agency (NCCIA) to intensify action against organized networks involved in online financial fraud, fake accounts, digital blackmail and online harassment. Read more

• Oil climbs toward $107 as hopes for Hormuz reopening fade

Oil strengthened at the start of the week, as Washington's refusal of Tehran's ceasefire terms dimmed hopes for an early reopening of the Strait of Hormuz. Read more

• GCWL closes FY26 with 7% loss in profit

Ghani Chemworld Limited (PSX: GCWL) reported a 7% dip in its net profit for the fiscal year ended June 30, 2026, recording Rs67.39m compared to Rs72.74m (restated) in the preceding year. Read more

• Asian markets slide on higher US rates, oil prices

Asian markets came under pressure on Monday as rising US interest-rate expectations and higher oil prices weighed on investor sentiment, while markets braced for a week packed with key economic data. Read more

• GATM slips to Rs339m loss in FY26

Gul Ahmed Textile Mills Limited (PSX: GATM) reported a net loss of Rs338.55m for the consolidated fiscal year ended June 30, 2026, marking a complete bottom-line reversal from a net profit of Rs4.45bn in the preceding year. Read more

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