MG Morning Breeze: Updates to Skim before Market

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

• Diesel price rises by Rs0.85/litre, petrol unchanged

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of High-Speed Diesel (HSD) by Rs0.85 per litre while keeping Motor Spirit (petrol) unchanged, effective October 30, 2026. Read more

• SBP reserves rise $33m to $21.5bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $33.1 million or 0.15% WoW to $21.52 billion during the week ended on October 23, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

• SCRA balance falls Rs115m to Rs38bn in week ended Oct 23

The SCRA balance decreased by Rs114.76m during the week ending Oct 23, 2026 to close at Rs38.34bn. Read more

• Banks to extend Saturday hours for tax payments

Commercial banks have been directed to keep their Saturday-opening branches open until 8:00pm on October 31, 2026, to facilitate over-the-counter payment of government duties and taxes. Read more

• SBP launches SMEConnect portal

The State Bank of Pakistan (SBP) has launched SMEConnect, a centralized digital platform through which small and medium enterprises (SMEs) can apply for financing from banks and development finance institutions (DFIs), with all such applications to be received exclusively through the portal from November 1, 2026. Read more

• ECB keeps key rates unchanged

The European Central Bank (ECB) kept its three key interest rates unchanged on Thursday, saying the continued rise in energy prices has increased upside risks to inflation and downside risks to growth in the euro area. Read more

• Inflation projected at 10.5% in October FY27

Inflation is projected in the range of 9.5-10.5% for October 2026, with the subsequent path sensitive to international energy prices, food supplies and base effects, even as Pakistan’s economy consolidates macroeconomic stability in the first quarter of FY2027. Read more

• KIBOR climbs as SBP raises policy rate to 12%

The Karachi Interbank Offered Rates (KIBOR) moved higher on Thursday, with the sharpest increases in the three-month to one-year tenors, days after the State Bank of Pakistan (SBP) raised the policy rate by 50 basis points to 12%. Read more

• KPT facilitates 51,000 tons of wheat handling

Karachi Port Trust (KPT) is facilitating the handling of a bulk cargo of 51,000 metric tons of imported wheat at Karachi Gateway Terminal Multipurpose Limited (KGTML), after the geared vessel MV GOKOVA M arrived at the port, with a second wheat vessel expected on November 3. Read more

• Gold price in Pakistan remain unchanged

Gold price in Pakistan remained unchanged on Thursday, with 24-karat gold being sold at Rs425,636 per tola, unchanged from the previous session. Read more

• Pakgen Power’s 9MCY26 loss widens to Rs325m

Net loss of Pakgen Power Limited (PSX: PKGP) widened 9.93% year-on-year to Rs325.50m for the nine months ended September 30, 2026, compared with Rs296.09m in the same period last year. Read more

• D.G. Khan cement profit rises 24% to Rs3bn in 1QFY27

Consolidated profit for the period of D.G. Khan Cement Company Limited (PSX: DGKC) rose 24.14% year-on-year to Rs2.73bn for the three months ended September 30, 2026, compared with Rs2.20bn in the same period last year. Read more

• PSX Closing Bell: Bulls Shift Into High Gear

The benchmark KSE-100 Index concluded Thursday's trading session at 167,193.43, showing an increase of 1,456.68 points or 0.88%. Read more

• PKR edges up against USD, closes at 276.76

The Pakistani rupee (PKR) posted a marginal gain against the US dollar in the interbank market on Thursday, appreciating by 1.18 paisa to settle at PKR 276.76 per dollar, compared to the previous closing rate of PKR 276.77. Read more

• Allied Bank 9MCY26 profit falls 13% to Rs23bn, declares Rs4 dividend

Consolidated profit after taxation of Allied Bank Limited (PSX: ABL) fell 12.94% year-on-year to Rs23.34bn for the nine months ended September 30, 2026, compared with Rs26.81bn in the same period last year. Read more

• Thal Limited profit jumps 40% to Rs3bn in 1QFY27

Consolidated profit after taxation of Thal Limited (PSX: THALL) rose 40.46% year-on-year to Rs2.93bn for the three months ended September 30, 2026, compared with Rs2.08bn in the same period last year. Read more

• PNSC 1QFY27 profit skyrockets nearly 3x

Pakistan National Shipping Corporation (PSX: PNSC) reported a 2.7x surge in its consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs9.83bn compared to Rs3.71bn in the corresponding period of the previous fiscal year. Read more

• Mari Energies profit jumps 35% to Rs21bn in 1QFY27

Consolidated profit for the period of Mari Energies Limited (PSX: MARI) rose 35.27% year-on-year to Rs21.41bn for the three months ended September 30, 2026, compared with Rs15.82bn in the same period last year. Read more

• SPSL 1QFY27 profit falls 48%

Sitara Petroleum Service Limited (PSX: SPSL) reported a 48% decline in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), posting Rs671.67m compared to Rs1.29bn in the corresponding period of the previous fiscal year. Read more

• Govt eyes easier export financing for SMEs

The government is exploring measures to improve access to export financing, reduce business costs and strengthen the international competitiveness of small and medium-sized enterprises (SMEs). Read more

• GTYR plunges into red in 3MFY27

Ghandhara Tyre and Rubber Company Limited (PSX: GTYR) plunged into the red for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), posting a net loss of Rs386.76m compared to a net profit of Rs29.16m in the corresponding period of the previous fiscal year. Read more

• Pakistan, Saudi Arabia explore new avenues for bilateral investment

Pakistan and Saudi Arabia have discussed expanding bilateral trade and investment, with a focus on agriculture, minerals, mining and other sectors offering potential for cooperation. Read more

• IBI signs MoU with Sindh for digital services, green data centres

Beijing United Information Technology (IBI), a Chinese industrial e-commerce firm, has signed a memorandum of understanding (MoU) with the Sindh government to pursue public-private partnerships in safe-city projects, green data centers and digital services. Read more

• Pakistan Cables turns Rs141m loss into Rs10m profit

Consolidated profit after taxation of Pakistan Cables Limited (PSX: PCAL) stood at Rs9.86m for the three months ended September 30, 2026, compared with a net loss of Rs140.97m in the same period last year. Read more

• Uzbekistan appoints honorary consul in Sindh to boost trade ties

Pakistan-Uzbekistan trade and investment cooperation is set to gain momentum following the appointment of Khalid Mahmood as Uzbekistan’s Honorary Consul in Sindh. Read more

• JETOUR puts T2, G700 through tough off-road tests

Chinese automaker JETOUR has showcased its off-road vehicle capabilities and outdoor travel technologies through real-world driving challenges in Moganshan, Zhejiang Province, as part of its “Travel+” strategy to integrate mobility with outdoor experiences. Read more

• PSO 1QFY27 profit nearly triples to Rs32bn

Pakistan State Oil Company Limited (PSX: PSO) reported a 2.9x surge in its condensed consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs31.92bn compared to Rs11.18bn in the corresponding period of the previous fiscal year. Read more

• PPL 1QFY27 profit tops Rs25bn

Pakistan Petroleum Limited (PSX: PPL) reported a 26% increase in its condensed consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs25.23bn compared to Rs20.04bn in the corresponding period of the previous fiscal year. Read more

• JSBL 9MCY26 profit dips 6%

JS Bank Limited (PSX: JSBL) reported a 6% decline in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), falling to Rs5.72bn compared to Rs6.09bn in the corresponding period last year. Read more

• Wafi Energy profit more than doubles in 9MCY26

The Board of Directors of Wafi Energy Pakistan Limited (WEPL) announced its financial results for the nine months ended September 30, 2026. WEPL reported a profit after tax of Rs6.558 billion for the first nine months of the year, compared with Rs3.03bn in the same period last year. Read more

• PKGS 9MCY26 profit surges over 4-fold

Packages Limited (PSX: PKGS) reported a 4.7x increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs6.54bn compared to Rs1.40bn in the corresponding period last year. Read more

• At-Tahur profit falls 27% to Rs31m in 1QFY27

Consolidated profit after taxation of At-Tahur Limited (PSX: PREMA) fell 26.59% year-on-year to Rs31.47m for the three months ended September 30, 2026, compared with Rs42.87m in the same period last year. Read more

• SCBPL 9MCY26 profit drops 21%

Standard Chartered Bank (Pakistan) Limited (PSX: SCBPL) reported a 21% decline in its net profit for the nine months ended September 30, 2026 (9MCY26), falling to Rs17.87bn compared to Rs22.55bn in the corresponding period last year. Read more

• FEROZ 1QFY27 profit jumps 23%

Ferozsons Laboratories Limited (PSX: FEROZ) reported a 23% increase in its condensed interim consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs395.77m compared to Rs321.95m in the corresponding period of the previous fiscal year. Read more

• SECP approves BOP’s Rs20bn share issue to Punjab govt

The Securities & Exchange Commission of Pakistan (SECP) has allowed The Bank of Punjab (PSX: BOP) to issue up to 523,560,209 ordinary shares worth up to Rs20bn, in the first tranche, to the Government of Punjab by way of other than right offer. Read more

• Govt raises Rs492.5bn in Hybrid Sukuk auction

The Government of Pakistan raised a combined Rs492.475bn in face value through its latest Government of Pakistan Hybrid Sukuk (GHS) auction, conducted via the PSX Auction System on October 28, against a combined pre-auction target of Rs350bn. Settlement is due on October 29. Read more

• COLG 1QFY27 profit rises 8%

Colgate-Palmolive (Pakistan) Limited (PSX: COLG) reported an 8% increase in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs4.93bn compared to Rs4.56bn in the corresponding period of the previous fiscal year. Read more

• SYM 1QFY27 profit climbs 10%

Symmetry Group Limited (PSX: SYM) reported a 10% increase in its condensed interim consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs51.42m compared to Rs46.96m in the corresponding period of the previous fiscal year. Read more

• FATIMA 9MCY26 profit clocks at Rs30bn

Fatima Fertilizer Company Limited (PSX: FATIMA) reported a 4% increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs29.96bn compared to Rs28.91bn in the corresponding period last year. Read more

• Lucky Cement approves 3.2MTPA expansion at Karachi plant

Citing growing domestic and export demand for cement and clinker, the board of Lucky Cement Limited (PSX: LUCK) has approved multiple projects to expand production capacity at its Karachi plant and strengthen its energy infrastructure. Read more

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