MG Morning Breeze: Updates to Skim before Market

November 10, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Key Pakistan Market Stats and Economic Indicators

Weekly roundup of Key Economic releases and market data and statistics Read more

• From Debt to Shared Destiny

President Trump’s attempt to redraw the global economic order through tariffs, trade realignments, and tighter capital flows may seem disruptive, but it follows an old pattern. Read more

• Weekly Market Roundup

The benchmark KSE-100 Index began the week on a negative note, extending its downward momentum as investors opted for profit-taking following weeks of strong performance. Read more

• SBP eases rules for ‘Bank Directors’ to join ‘Boards’ of wholly-owned exchange firms

The State Bank of Pakistan (SBP) has amended its Corporate Governance Regulatory Framework to allow directors or CEOs of banks to also serve as directors on the boards of exchange companies wholly owned by their respective banks. Read more

• CCP authorizes acquisition of Novartis Pakistan by IIL

The Competition Commission of Pakistan (CCP) has approved the acquisition of Novartis Pharma (Pakistan) Limited by International Investment II Limited (IIL), said a press release issued today. Read more

• Pakistan posts record Rs3.5tr primary surplus in 1QFY26

Pakistan recorded quarterly primary surplus of Rs3.5 trillion in the first quarter of FY26 (1QFY26) while the overall budget surplus stood at Rs2.1tr, equivalent to 1.6% of GDP, slightly lower than the 1.7% recorded in the same period last year. Read more

• ECC backs gradual phase-out of Home Remittance Incentive Schemes

The Economic Coordination Committee (ECC) has endorsed a phased and data-driven strategy to gradually rationalize the Home Remittance Incentive Schemes (HRIS), following recommendations from the State Bank of Pakistan (SBP). Read more

• ECC greenlights Mari gas supply plan for fertiliser sector

The Economic Coordination Committee (ECC) has given the go-ahead to a proposal from the Petroleum Division for the allocation and pricing of gas from the Mari Field to fertilizer plants. Read more

• ECC approves Rs660bn guarantee to settle Rs1.2trn circular debt

The Economic Coordination Committee (ECC), chaired by Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, has approved a Government of Pakistan (GoP) guarantee worth Rs659.646 billion, according to a statement from the Power Division. Read more

• ECC clears dues settlement framework for OGDCL, SNGPL

The Economic Coordination Committee (ECC) has approved a comprehensive framework for the settlement of outstanding dues and rationalization of tariffs involving Oil and Gas Development Company Limited (OGDCL), Sui Northern Gas Pipelines Limited (SNGPL), nuclear power plants (NPPs), and government-owned power plants (GPPs), the Finance Division said in a statement. Read more

• Registrar admits oversight that inadvertently disadvantaged HASCOL in $9.5m Mena Energy case

The long-dormant $9.5 million dispute between Hascol Petroleum Limited (PSX: HASCOL) and UAE-based Mena Energy DMCC has resurfaced after nearly eight years, following an administrative lapse in the Sindh High Court’s execution branch that triggered fresh proceedings under High Court Appeal No. 116 of 2025. Read more

• Pakistan, China to expand FTA and boost trade ties

Pakistan and China have agreed to strengthen bilateral trade and investment ties through expanded collaboration and new initiatives, including a China Solo Exhibition and an Investment Summit. Read more

• EXIM Bank of Pakistan appoints Mr. Shahbaz H. Syed as new President & CEO

EXIM Bank of Pakistan has appointed Mr. Shahbaz H. Syed as its new President & Chief Executive Officer. Read more

• FCL targets double-digit export growth, higher lights segment contribution

Fast Cables Limited (PSX: FCL), Pakistan’s leading manufacturer of electrical cables, is gearing up for renewed growth momentum in FY26 as it focuses on capacity expansion, operational efficiency, and export market penetration. Read more

• PSX Closing Bell: On the Up

The benchmark KSE-100 Index concluded Friday's trading session at 159,592.90, showing an increase of 496.12 points or 0.31%. Read more

• Pakistan, Iran unite for global peace, Muslim solidarity

Pakistan and Iran have reaffirmed their steadfast commitment to promoting global peace, regional stability and the unity of the Muslim Ummah. Read more

• PBA, SBP unite to fight digital banking frauds

The Pakistan Banks Association (PBA), in collaboration with the State Bank of Pakistan (SBP), has introduced a nationwide Fraud Awareness Campaign to educate the public about protecting themselves from the increasing threat of digital financial frauds and scams. Read more

• Govt pushes tech-driven growth for SMEs

The government has reaffirmed its commitment to empowering Small and Medium Enterprises (SMEs) through technology, innovation and skill development, aiming to strengthen productivity, competitiveness, and inclusive economic growth. Read more

• PKR inches up to 280.82 against USD

The Pakistani rupee (PKR) appreciated by 3.11 paisa against the US dollar in Friday's interbank session to settle the trade at PKR 280.82 per USD, compared to previous closing of 280.85. Read more

• Beco Steel secures position in approved vendor list of power utilities

Beco Steel Limited (PSX:BECO) has begun supplying steel angles used in electric transmission poles and related infrastructure To various projects of the Water and Power Development Authority (WAPDA) and Distribution Companies (DISCOs) through indirect vendors. Read more

• Macter brings full-range Semaglutide to Pakistan

Macter International Limited (PSX: MACTER) has introduced Semaglutide in Pre-Filled Syringe (PFS) and Pre-Filled Multi-Dose Pen (PFP) presentations, according to a company filing on the Pakistan Stock Exchange (PSX). Read more

• Pakistan, Azerbaijan to review bilateral ties during PM’s visit to Baku

Pakistan and Azerbaijan are to review the entire gamut of bilateral relations and identify new avenues for cooperation in areas such as trade and investment, energy, defence, education, and regional connectivity during the Pakistani prime minister’s two-day official visit to Baku from November 7–8. Read more

• Mari Energies secures provisional petroleum exploration rights in Balochistan

Mari Energies Limited (PSX:MARI) has been provisionally granted petroleum exploration rights over Block 28-North (3068-11), located in the province of Balochistan. Read more

• SCRA ends week at Rs29bn

The SCRA balance increased by Rs352.87 during the week ending Oct 31, 2025 to close at Rs29.15bn. Read more

• Weekly SPI decreases by 0.59%

Pakistan's short-term inflation, measured by the Sensitive Price Indicator (SPI), declined by 0.59% for the week ended November 6, 2025, according to the latest data released by the Pakistan Bureau of Statistics (PBS). Read more

• OMO Result: SBP injects Rs1.8tr

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs1.8 trillion into the market of which Rs1.59tr were injected through reverse repo OMO. Read more

• Gold price in Pakistan remain flat

Gold price in Pakistan remained unchanged on Friday, with 24-karat gold being sold at Rs423,062 per tola, unchanged from the previous session. Read more

• SECP, Mashreq Bank introduce same-day account opening

In a major step toward digital transformation and ease of doing business, the Securities and Exchange Commission of Pakistan (SECP) has signed a Memorandum of Understanding (MoU) with Mashreq Bak Pakistan Limited to enable same-day corporate bank account opening for newly registered companies through secure digital integration. Read more

• Worker remittances rise 12% YoY to $3.4bn in October 2025

Pakistan received $3.42bn in worker remittances during October 2025, marking an 11.9% year-on-year (YoY) increase from $3.05bn in October 2024 and a 7.4% rise month-on-month (MoM) from $3.18bn in September 2025, the State Bank of Pakistan (SBP) reported on Friday. Read more

• Bank of England holds rates at 4% as inflation eases

The Bank of England (BoE) has decided to keep its benchmark interest rate steady at 4%, matching market expectations. The move, announced on Thursday, marks the second consecutive hold following a series of rate cuts that ended in September. Read more

• PSX invites public comments on proposed regulatory amendments

Pakistan Stock Exchange Limited (PSX) has invited public comments on a series of proposed amendments to its regulations that aim to further enhance regulatory oversight, operational efficiency, and transparency in the capital market. Read more

• Gold gains on dollar dip, rate cut bets rise

Gold prices advanced on Friday as the U.S. dollar weakened following disappointing private-sector employment data, which signaled softness in the U.S. labor market and strengthened expectations of another Federal Reserve interest rate cut. Read more

• FAA orders 10% cut to U.S. flights as controller shortage deepens during shutdown

Air travelers across the United States are facing widespread cancellations after the Federal Aviation Administration (FAA) instructed airlines to scale back flight operations by 10% at the nation’s 40 busiest airports. Read more

• Oil prices rise, weekly loss still looms

Oil prices edged higher on Friday after three consecutive days of declines, supported by short-covering and bargain hunting. However, both Brent crude and West Texas Intermediate (WTI) remain on track for a second straight weekly loss of around 2%, pressured by rising global output and weakening U.S. demand signals. Read more

• Leaders at Future Summit call for Pakistan’s course correction

Pakistan’s path to progress depends on strategic convergence aligning diplomacy, defense, and development to navigate global uncertainty as emphasized at the conclusion of the 9th edition of The Future Summit (TFS). Read more

• Aurangzeb calls for urgent integration of climate finance into national policy

If climate priorities are not integrated into national budgets, they cannot become national policy,” said Finance Minister Senator Muhammad Aurangzeb, urging stronger coordination and ownership to mainstream climate finance within Pakistan’s fiscal framework. Read more

• Aurangzeb hails Pharma boom, sets sights on $10bn exports

Pakistan’s pharmaceutical exports rose 34% YoY, the fastest pace on record, as the government and industry leaders set their sights on boosting outbound sales to $10 billion through new reforms and a dedicated export body. Read more

• Debt Breeds Climate Problem

This first chart tells a simple yet devastating story: as carbon emissions rose, prosperity appeared to bloom. Since the 1960s, every surge in global growth has carried with it a matching rise in CO₂ emissions. Read more

• Govt rolls out Surplus Power Package to fuel industrial growth

The Federal Government has approved a new Incremental Consumption Package 2025, also referred to as the Surplus Power Package. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Friday, issued the following exchange rates. Read more

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