MG Morning Breeze: Updates to Skim before Market

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MG News | January 16, 2026 at 08:49 AM GMT+05:00

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January 16, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The federal government on Thursday maintained petroleum prices at existing levels for the next fortnight. Read more

Pakistan continues efforts to translate macroeconomic stability into higher private investment and job creation, as investment levels remain below the targets set under the World Bank’s Country Partnership Framework (CPF). Read more

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $16.1 million WoW to $16.07 billion during the week ended on January 09, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

The Competition Commission of Pakistan (CCP) has approved two interconnected merger transactions linked to a global restructuring involving Toyota Motor Corporation and Daimler Truck AG, clearing the way for the joint consolidation of Hino Motors and Mitsubishi Fuso Truck and Bus Corporation (MFTBC). Read more

Kohat Cement Company Limited (KCCL) has maintained its strong credit ratings, showed consistent operational efficiency and robust cost management amid a competitive cement market. Read more

The government has taken serious notice of the gas supply challenges being faced by domestic consumers amid severe cold weather. Read more

Pakistan and Canada have agreed to deepen cooperation to enhance bilateral trade and investment, with both sides committing to closer coordination to expand overall economic engagement. Read more

The Pakistani rupee (PKR) appreciated by 1.05 paisa against the US dollar in Thursday's interbank session to settle the trade at PKR 279.96 per USD, compared to previous closing of 279.97. Read more

The benchmark KSE-100 Index concluded Thursday's trading session at 181,456.33, showing a decrease of 1,113.48 points or 0.61%. Read more

Pakistan Customs has successfully compelled international shipping lines to apply official bank exchange rates on shipping-related charges, ending years of complaints over inflated and discretionary billing practices. Read more

The federal cabinet has set up a cabinet committee to review proposed new designs for Pakistan’s currency notes, a move that could lead to the replacement of high-value banknotes with enhanced security features and updated national imagery. Read more

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs482,462 per tola, down Rs3,700. Read more

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 Rs358.5billion into the market of which Rs203.5bn were injected through reverse repo OMO. Read more

Gold retreated from record highs as profits were locked in, the pullback came amid a softer tone from President Donald Trump on both Federal Reserve policy and tensions with Iran, which reduced demand for the safe-haven metal. Read more

Oil markets dropped sharply in early Asian trade on Thursday as comments from U.S. President Donald Trump eased fears of military conflict in the Middle East. Read more

Work on the long-awaited Karachi Chaman highway has formally begun, with the federal government setting a one year completion target instead of the originally planned two years. Read more

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The global ESG sukuk market is on track to surpass $70 billion by the end of 2026, driven by strong demand in emerging markets (EMs). Read more

The government is exploring additional measures to further reduce the cross-subsidy burden on industrial electricity consumers, including subsidy reforms and debt refinancing, alongside tariff reduction initiatives already implemented. Read more

Pakistan and Italy are in the process of finalizing a memorandum of understanding (MoU) to enhance cooperation in labour migration, as the two countries reaffirmed their commitment to deepening bilateral ties in education, trade and people-to-people exchanges. Read more

The board of directors of Sindh Modaraba Management Limited has approved the transfer of a Riba-free subordinated fund of up to Rs1 billion to Sindh Modaraba, subject to completion of required formalities. Read more

Pakistan-Bahrain relations were strengthened as the two countries reaffirmed their commitment to cooperation across political, economic, defence and cultural spheres, as they emphasized a shared resolve to give practical momentum to bilateral engagement. Read more

Asia markets delivered a mixed performance on Thursday, with South Korean stocks advancing while Japanese and Chinese benchmarks came under pressure. Read more

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

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