MG Morning Breeze: Updates to Skim before Market

September 30, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Petrol price down Rs1.49, diesel Rs2.73 from Sept 30

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, reducing the price of High-Speed Diesel (HSD) by Rs2.73 per litre and Motor Spirit (petrol) by Rs1.49 per litre, effective September 30, 2026. Read more

• Pakistan, Sri Lanka weigh joint working group for IT, telecom cooperation

Pakistan and Sri Lanka have discussed setting up a joint working group to deepen cooperation in information technology and telecommunications, including business-to-business exchanges, technology partnerships and startup linkages. Read more

• Gold price in Pakistan falls Rs800 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs437,336 per tola, down Rs800. Read more

• PKR gains 3 paisa against USD, settles at 277.12

The Pakistani rupee strengthened by 3.23 paisa against the US dollar in Tuesday’s interbank trading, closing at PKR 277.12 compared with Monday’s rate of PKR 277.15. Read more

• NA panel flags M-6 delays, seeks NHA briefing on project timeline

The National Assembly Standing Committee on Planning, Development and Special Initiatives has raised concerns over delays in the Sukkur-Hyderabad Motorway (M-6), seeking a detailed briefing from the National Highway Authority (NHA) and the relevant minister on the project's implementation timeline. Read more

• Ghani Global FY26 profit plunges 36% to Rs2.7bn

Ghani Global Holdings Limited (PSX: GGL) recorded a 36% decline in its consolidated net profit for the year ended June 30, 2026, with profit after taxation for the year falling to Rs2.69bn from Rs4.18bn (restated) in the corresponding period last year. Read more

• PSX Closing Bell: Just a Touch Lower

The benchmark KSE-100 Index closed Tuesday’s trading session at 169,600.40, falling 825.22 points or 0.48%, as broad-based selling weighed on the market amid renewed concerns over prolonged Middle East tensions. Read more

• LSE SPAC-III applies for listing on PSX Main Board

LSE SPAC-III Limited has applied for listing on the Main Board of the Pakistan Stock Exchange (PSX), with its draft prospectus placed on the exchange website for public comments. Read more

• Ferozsons FY26 profit jumps 33% to Rs1bn, declares Rs5.5 dividend

Ferozsons Laboratories Limited (PSX: FEROZ) recorded a 33% increase in its consolidated net profit for the year ended June 30, 2026, with profit after taxation climbing to Rs1.23bn from Rs921.71m in the corresponding period last year. Read more

• Govt borrows Rs27bn debt in a week

The government of Pakistan has acquired an additional debt of Rs26.6 billion during the week ended September 18, 2026, which brings its total net retirement for ongoing fiscal year 2027 to Rs2.73 trillion, according to the central bank's weekly estimates. Read more

• M2 rises by Rs79bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs79.29 billion WoW to Rs44.1 trillion as of September 18, 2026, data released by State Bank of Pakistan (SBP) showed. Read more

• GGGL FY26 profit drops 55%

Ghani Global Glass Limited (PSX: GGGL) reported a 55% drop in its net profit for the fiscal year ended June 30, 2026, recording Rs135.04m compared to Rs300.63m in the preceding year. Read more

• PREMA FY26 profit shoots 56%

At-Tahur Limited (PSX: PREMA) reported a 56% surge in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs821.63m compared to Rs528.15m in the preceding year Read more

• SECP proposes raising Microfinance, Housing Loan limits to Rs5m

The Securities and Exchange Commission of Pakistan (SECP) has proposed significant upward revisions to loan thresholds, annual income limits, and business turnover criteria under the Non-Banking Finance Companies (NBFC) Regulations, aiming to expand financial inclusion and align with the State Bank of Pakistan's recent policy frameworks. Read more

• AIRLINK FY26 profit jumps 31%

Air Link Communication Limited (PSX: AIRLINK) reported a 31% surge in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs6.23bn compared to Rs4.75bn in the preceding year. Read more

• Miss Sept 30 tax deadline, face penalty up to Rs25,000

Taxpayers who fail to file their income tax returns by September 30 will face significantly higher penalties from October 1, as the Federal Board of Revenue (FBR) moves to discontinue the late-filer category, according to FBR sources. Read more

• FFC, Engro drive urea sales past last September's total

Urea sales in the country reached 527,000 tons during September 1-26, 2026, already exceeding the full-month sales of 428,000 tons in September 2025 by around 23%, with a few days of the month still remaining Read more

• Bought More, Kept Less

Imagine Rashid, who runs a small shop in Lahore. Last year was his best yet. Customers came back, sales picked up, and by the end of the year he had earned more than ever before. Read more

• Consensus puts September inflation at 10.22%

Pakistan’s headline inflation for September 2026 is set to ease modestly from August’s reading, according to a consensus of 13 brokerage house estimates compiled by Mettis Global, even as escalating Middle East supply disruptions and domestic energy tariff revisions keep sequential momentum elevated. Read more

• Pakistan, IMF kick off talks for fourth EFF, third RSF reviews

The International Monetary Fund (IMF) mission, led by Iva Petrova, has begun discussions with Pakistan for the fourth review of the Extended Fund Facility (EFF) arrangement and the third review of the Resilience and Sustainability Facility (RSF). 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

• Oil prices rise as fears mount over longer Middle east conflict

Oil prices rose for a second consecutive day on Tuesday, as concerns mounted that the Middle East conflict could drag on longer, even though efforts to defuse tensions were reportedly underway. Read more

• Pakistan, South Korea move toward judicial cooperation MoU

Pakistan and South Korea are moving toward a proposed Memorandum of Understanding (MoU) between their judiciaries to strengthen institutional cooperation in judicial automation, digital transformation and technology-enabled justice delivery. Read more

• Pakistan positions Huawei Service Centre as global IT export hub

Pakistan is seeking to expand its role as a global technology and IT-enabled services hub, with Huawei’s Global Service Center in Islamabad serving as an example of Pakistani professionals delivering digital services to international markets. Read more

• Govt plans National Digital Masterplan

The federal government is advancing a National Digital Masterplan focused on digital governance, digital economy and digital society as Pakistan seeks to expand technology-driven growth and improve public services. Read more

• Pakistan, Uzbekistan seek financing roadmap for UAP Railway

Pakistan and Uzbekistan have agreed to work toward developing bankable projects and a financing roadmap for the proposed Uzbekistan-Afghanistan-Pakistan (UAP) Railway, aimed at improving connectivity between Central Asian markets and Pakistan’s ports. Read more

• Pakistan targets 120 train pairs as $2.5bn ML-1 upgrade advances

Pakistan is advancing the modernization of Main Line-1 (ML-1), with the government targeting a more than threefold increase in train capacity and substantially higher passenger and freight speeds along the Karachi-Peshawar railway corridor. Read more

• Pak-Gulf Leasing Board approves doubling authorized capital to Rs1bn

Pak-Gulf Leasing Company Limited (PSX:PGLC) has approved a proposal to double its authorized share capital to Rs1bn from Rs500mn, subject to shareholders' approval by way of a special resolution and requisite regulatory clearances. Read more

• Invest Capital Investment Bank shifts registered office from Sindh to Punjab

Invest Capital Investment Bank Limited (PSX:ICIBL) has shifted its registered office from Sindh to Punjab, after the Securities and Exchange Commission of Pakistan (SECP) approved the change. Read more

• NETSOL FY26 profit skyrockets 70%

NetSol Technologies Limited (PSX: NETSOL) reported a 70% surge in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs2.35bn compared to Rs1.39bn in the preceding year. Read more

• BFBIO FY26 profit surges 41%

BF Biosciences Limited (PSX: BFBIO) reported a 41% surge in its net profit for the fiscal year ended June 30, 2026, reaching Rs632.13m compared to Rs447.15m in the preceding year. Read more

• Asia stocks slip as oil, bond yields weigh on markets

Asian stocks came under pressure on Tuesday as a sharp rise in global bond yields and higher oil prices weighed on investor sentiment, while markets awaited a potential interest rate hike from the Reserve Bank of Australia (RBA). Read more

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