MG Morning Breeze: Updates to Skim before Market

Mettis Global's morning digest reported that the Ministry of Energy's Petroleum Division raised high-speed diesel by Rs0.53 a litre and petrol by Rs0.88 a litre, effective October 21, 2026. The same roundup noted that the benchmark KSE-100 closed Tuesday's session 0.49 per cent lower at 165,151.64, a fall of 814.44 points.

Quarterly earnings dominated the corporate updates covering the three months to September 30, 2026. Attock Refinery's profit climbed to Rs19.61bn, over eight times the Rs2.40bn of a year earlier, while Attock Petroleum's rose 74% to Rs6.64bn and Pakistan Oilfields' consolidated profit increased 45% to Rs8.56bn. Atlas Battery, however, swung to a net loss of Rs336.13m, whereas International Steels reported a profit of Rs2.21bn.

Pakistan expanded 5G services to 24 cities after a $509m spectrum auction, and the government will continue the Export Facilitation Scheme while curbing its misuse. Pakistan also received $3.74bn in external financing in September, and the government retired Rs463.75 billion of debt over the week to October 09, 2026, according to the central bank's weekly estimates.