MG Morning Breeze: Updates to Skim before Market

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

• Diesel price rises by Rs2.25, petrol gets Rs3.19 relief

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of High-Speed Diesel (HSD) by Rs2.25 per litre and reducing the price of Motor Spirit (petrol) by Rs3.19 per litre, effective October 28, 2026. Read more

• Govt accepts bids worth Rs23bn in Bai Muajjal purchase of GIS

The government accepted bids worth Rs22.85bn (face value) in the auction for outright purchase of GOP Ijara Sukuk (GIS) on a deferred payment (Bai Muajjal) basis, against total offers of Rs170.29bn, according to the State Bank of Pakistan (SBP). Read more

• TRG Saga: Court sends TRG back to SECP

A Karachi civil court has rejected TRG Pakistan Limited’s (PSX: TRG) four-year-old suit against the Securities and Exchange Commission of Pakistan (SECP), removing the legal shield the company had raised against a set of regulatory show cause notices and clearing the way for the Commission to take those proceedings forward. Read more

• Govt to speed up AI adoption through national initiative

The government is rolling out a national AI ecosystem spanning infrastructure, human capital, research, startups, financing and responsible AI governance, with $1bn in investment earmarked for the sector by 2030. Read more

• Pakistan’s freelancers bring in $549mn in 1QFY27

Pakistan’s freelancers brought in $549mn in foreign exchange during the first quarter (July-September) of FY27, a rise of 45% from $377.3mn in the same period last year. Read more

• Govt proposes Rs4,500 wheat price for 2027, up Rs1,000

Prime Minister Muhammad Shehbaz Sharif has proposed a wheat price of Rs4,500 per maund for 2027, up Rs1,000 from Rs3,500 last year. Read more

• Pakistan’s Rs173bn REIT sector seeks tax relief, stronger governance

Regulated Real Estate Investment Trusts (REITs) could help formalize Pakistan’s property sector and channel investment into capital markets, provided the industry strengthens transparency, governance and tax regulations, speakers said at a Securities and Exchange Commission of Pakistan (SECP) Talk Series session. Read more

• PKR edges up against USD, settles at 276.8

The Pakistani rupee (PKR) appreciated by 2.14 paisa against the US dollar in the interbank market on Tuesday, closing at PKR 276.80 compared to the previous close of PKR 276.82. Read more

• Gold price in Pakistan falls Rs1,300 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs422,136 per tola, down Rs1,300. Read more

• Nishat Power 1QFY27 profit falls 7% to around Rs541m

Profit after taxation of Nishat Power Limited (PSX: NPL) fell 7.35% year-on-year to Rs541.38m for the three months ended September 30, 2026, compared with Rs584.30m in the same period last year. Read more

• PSX Closing Bell: Green Day, Great Day

The benchmark KSE-100 Index extended its winning streak on Tuesday, gaining 1,428.74 points or 0.88% to close at 164,467.20, as broad-based buying across heavyweight sectors lifted market sentiment amid softer oil prices. Read more

• CNERGY swings to Rs13bn 1QFY27 profit

Cnergyico Pk Limited (PSX: CNERGY) reported a significant financial turnaround for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), posting a consolidated net profit of Rs12.64bn compared to a net loss of Rs792.70m in the corresponding period last year. Read more

• Arctic Textile Mills board approves entry into fabric and yarn exports

Arctic Textile Mills Limited (PSX:ARCTM) will begin fabric and yarn export operations through local procurement and/or toll manufacturing arrangements, alongside its existing business model, as part of its business expansion strategy. Read more

• Abbott Laboratories 9MCY26 profit rises 25% to nearly Rs7bn

Net profit rose 24.57% year-on-year to Rs6.68bn for the nine months ended September 30, 2026, from Rs5.37bn in the same period last year, as higher local sales, lower cost of sales and a bigger gross profit lifted Abbott Laboratories (Pakistan) Limited (PSX: ABOT). Read more

• PAKT 9MCY26 profit rises 23%

Pakistan Tobacco Company Limited (PSX: PAKT) reported a 23% increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs30.17bn compared to Rs24.52bn in the corresponding period last year. Read more

• TBL 1QFY27 net loss widens 65%

Treet Battery Limited (PSX: TBL) reported a 65% increase in net loss for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), recording a loss of Rs195.18m compared to a loss of Rs117.98m in the corresponding period last year. Read more

• Loads Limited to establish Rs200m manufacturing facility in Lahore

A manufacturing facility is set to be established in Lahore by Loads Limited (PSX: LOADS) at the company’s own land on Manga Raiwind Road, in a move to strengthen its strategic presence in the region and capitalize on potential business opportunities from Original Equipment Manufacturers (OEMs) based in the Northern region. Read more

• PICT 9MCY26 profit falls 30%

Pakistan International Container Terminal Limited (PSX: PICT) reported a 30% decline in its net profit for the nine months ended September 30, 2026 (9MCY26), recording Rs35.80m compared to Rs51.50m in the corresponding period last year. Read more

• Highnoon Laboratories 9MCY26 profit remains nearly flat

Profit after taxation of Highnoon Laboratories Limited (PSX: HINOON) rose 1.25% year-on-year to Rs2.71bn for the nine months ended September 30, 2026, compared with Rs2.68bn in the same period last year. Read more

• GHNI 1QFY27 profit surges 65%

Ghandhara Industries Limited (PSX: GHNI) reported a 65% surge in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs2.59bn compared to Rs1.58bn in the corresponding period last year. Read more

• IPAK 1QFY27 profit holds flat at Rs705m

International Packaging Films Limited (PSX: IPAK) reported a flat consolidated net profit of Rs704.75m for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), matching the Rs704.27m recorded in the corresponding period last year. Read more

• Fauji Cement 1QFY27 profit surges 51% to Rs5bn

Profit for the period of Fauji Cement Company Limited (PSX: FCCL) rose 50.87% year-on-year to Rs4.96bn for the three months ended September 30, 2026, compared with Rs3.29bn in the same period last year. Read more

• Lucky Cement-led consortium shortlisted for due diligence on IESCO

Lucky Cement Limited (PSX:LUCK), together with Hub Power Holdings Limited, Kohat Cement Company Limited and Metro Ventures (Private) Limited, has been pre-qualified and shortlisted by the Privatisation Commission as a consortium to conduct financial, technical and legal due diligence on Islamabad Electric Supply Company Limited (IESCO). Read more

• The Pump Stays, the Stop Gets Longer

People often ask me whether electric vehicles will put filling stations out of business. My answer is no. But they will change what a station sells, how long its customers stay and how it earns its money. Read more

• PACRA retains AGP’s long-term rating at A+

AGP Limited has had its entity ratings maintained by the Pakistan Credit Rating Agency (PACRA) at A+ for the long term and A1 for the short term, with a stable outlook, as of October 22, 2026. Read more

• Ghandhara Automobiles 1Q profit surges 51% to Rs2.5bn

Consolidated profit for the period of Ghandhara Automobiles Limited (PSX: GAL) rose 51.06% year-on-year to Rs2.53bn for the three months ended September 30, 2026, compared with Rs1.67bn in the same period last year. Read more

• Half a point, and a longer road to target

The State Bank of Pakistan (SBP) did what most of the market expected. It raised the policy rate by 50 basis points to 12%, effective October 27. But the headline decision is the least interesting part of the latest Monetary Policy Statement. Two other changes tell us how much the Committee's thinking has moved in six weeks. Read more

• Pakistan’s shrimp farming plan set to make a big catch

The government has set a 120-day deadline for preparing a roadmap to expand shrimp farming, improve value addition and boost exports, under a broader 24-month implementation and review process. Read more

• Pakistan’s short-term FX liabilities near $25bn in August 2026

Pakistan’s foreign currency assets are expected to see a net outflow of $24.69bn due to maturing foreign currency loans, securities and deposits, according to the latest international reserves and foreign currency liquidity report of the State Bank of Pakistan (SBP). Read more

• Oil prices ease on Iran peace hopes, Saudi attacks limit losses

Oil prices edged lower on Tuesday as diplomatic efforts to resolve the U.S.-Israeli war on Iran eased concerns over potential supply disruptions, although fresh attacks on Saudi Arabia kept prices near six-month highs. Read more

• SAZEW declares Rs5 dividend

Sazgar Engineering Works Limited (PSX: SAZEW) reported a 9% decline in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), recording Rs4.04bn compared to Rs4.42bn in the corresponding period last year. Read more

• Gold steady as dollar strength limits demand

Gold prices were steady on Tuesday as a firmer US dollar dented demand, with investors waiting for the Federal Reserve’s policy decision for clues on the interest rate path. Read more

• Maple Leaf Cement 1QFY27 profit jumps 54% to Rs4bn

Consolidated profit for the period of Maple Leaf Cement Factory Limited (PSX: MLCF) rose 54.19% year-on-year to Rs4.21bn for the three months ended September 30, 2026, compared with Rs2.73bn in the same period last year. Read more

• PAKOXY 9MCY26 profit shoots 70%

Pakistan Oxygen Limited (PSX: PAKOXY) reported a 70% surge in its net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs2.56bn compared to Rs1.51bn in the corresponding period last year. Read more

• Consumer confidence slips to 34.9 points in October

Consumer confidence in Pakistan declined in October 2026, with the Consumer Confidence Index (CCI) falling 1.7 points to 34.9 from 36.6 in September, the State Bank of Pakistan’s (SBP) latest survey data showed. Read more

• Lucky Core Industries profit drops 25% while sales increase

Consolidated profit for the period of Lucky Core Industries Limited (PSX: LCI) fell 24.52% year-on-year to Rs1.62bn for the three months ended September 30, 2026, compared with Rs2.15bn in the same period last year. 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

• Asian markets rally on Anthropic IPO optimism, tech stocks surge

Asian markets advanced on Tuesday, led by technology and semiconductor stocks, as optimism over Anthropic’s initial public offering (IPO) filing lifted investor sentiment following gains on Wall Street. Read more

• Govt borrows Rs374bn debt in a week

The government of Pakistan has acquired an additional debt of Rs373.97 billion during the week ended October 16, 2026, which brings its total net retirement for ongoing fiscal year 2027 to Rs2.6 trillion, according to the central bank's weekly estimates. Read more

• M2 rises by Rs367bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs367.41 billion WoW to Rs44.64 trillion as of October 16, 2026, data released by State Bank of Pakistan (SBP) showed. Read more

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