MG Morning Breeze: Updates to Skim before Market

February 03, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP targets to raise around Rs5.1tr: Auction Calendar Feb 26-April 26

The government is targeting to raise Rs5.1 trillion during the three months from February 2026 – April 2026 through the auction of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs), according to the auction calendars released by the State Bank of Pakistan (SBP). Read more

• Pakistan's exports cross $3bn mark, trade deficit narrows 28.5% in Jan

Pakistan's trade deficit narrowed sharply by 28.53% month-on-month (MoM) to $2.725 billion in January 2026, compared to $3.813bn in December 2025, as the country achieved a historic milestone with exports surpassing the $3 billion threshold for the first time. Read more

• Pakistan, Bangladesh agree to boost cooperation on overseas labour

Pakistan and Bangladesh agreed to enhance cooperation on labour welfare, skills development and broader economic sectors during a meeting held on the sidelines of the Abu Dhabi Dialogue 2026. Read more

• PKR remains flat against USD

The Pakistani rupee (PKR) strengthened by 1.25 paisa against the US dollar in Monday's interbank session to settle the trade at PKR 279.76 per USD, compared to previous closing of 279.77. Read more

• January inflation rises by 5.8%

Pakistan's headline Consumer Price Index (CPI) inflation increased to 5.8% year-on-year (YoY) in January 2026, up from 5.6% in December 2025, the Pakistan Bureau of Statistics (PBS) reported today. Read more

• Govt borrows Rs300bn debt in a week

The government of Pakistan has acquired an additional debt of Rs299.51 billion during the week ended January 23, 2026, which brings its total net retirement for ongoing fiscal year 2026 to Rs34.85bn, according to the central bank's weekly estimates. Read more

• M2 rises by Rs122bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs121.96 billion WoW to Rs41 trillion as of January 23, 2026, data released by State Bank of Pakistan (SBP) showed. Read more

• PSX Closing Bell: Keeping the Faith

The benchmark KSE-100 Index concluded Monday's trading session at 185,057.83, showing an increase of 883.35 points or 0.48%. Read more

• Highnoon plans acquisition to strengthen market footprint

Highnoon Laboratories Limited (PSX: HINOON) is exploring a potential acquisition of a target company, aimed to strengthen its strategic position and enhance business growth. Read more

• PSX in January

The KSE-100 Index delivered a strong performance during January 2026, rising by more than 10,100 points on a month-on-month basis on improving liquidity conditions and steady corporate result flows. Read more

• Pakistan accelerates economic reforms with World Bank support

Pakistan is advancing a comprehensive, home-grown economic reform agenda aimed at sustainable stability and growth. Read more

• Textile sector seeks breathing space on Super Tax payments

Pakistan’s textile manufacturers have sought urgent relief from the tax authorities, while urging that their Super Tax obligations be adjusted against long overdue government refunds, warning that immediate full recovery could further strain an industry already struggling with tight cash flows and weakening export momentum. Read more

• Pakistan, Philippines cooperate on migrant worker welfare

Pakistan and the Philippines exchanged information on social security frameworks, vocational training, and reintegration mechanisms for overseas workers, demonstrated potential avenues for cooperation to enhance migrant worker welfare. Read more

• PRL swings to profit in 1HFY26

Pakistan Refinery Limited (PSX: PRL) reported a net profit of Rs2.14bn for the half year ended December 31, 2025, swings from a net loss of Rs2.01bn recorded in the same period last year. Read more

• Wafi Energy plans major investment in Pakistan

Wafi Energy Pakistan Ltd is considering an investment of up to $100m over the next two to three years to expand its retail network and storage capacity in Pakistan, demonstrating confidence in the country’s economic outlook. Read more

• Gold price in Pakistan falls Rs21,500 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs490,362 per tola, down Rs21,500. Read more

• Pak Qatar General Takaful IPO oversubscribed nearly 10x

The Initial Public Offering (IPO) of Pak Qatar General Takaful Limited received overwhelming response from investors, with applications for 71,668,000 ordinary shares, nearly 10 times the issue size of 7.5 million shares. Read more

• Oil prices slide on hints of U.S., Iran diplomacy

Oil prices fell sharply on Monday, marked the largest market correction in over six months. Read more

• PSX to remain closed on February 5 for Kashmir day

Pakistan Stock Exchange (PSX) will remain closed on Thursday, February 5, 2026, following a public holiday declared by the Government of Pakistan in observance of Kashmir Day. Read more

• Pakistan’s short-term FX liabilities crosses $31bn

Due to maturing foreign currency loans, securities, and deposits, Pakistan's foreign currency assets are expected to see a net outflow of $31.11bn, according to the latest liquidity report released by the State Bank of Pakistan (SBP). Read more

• Gold down, silver slides further

Fresh turbulence rattled precious-metals markets this week, wiping out much of the momentum that had driven gold and silver to record territory only days earlier as investors rushed to secure profits and the U.S. dollar strengthened. Read more

• Hascol receives NBP offer for financing facilities restructuring

Hascol Petroleum Limited (PSX: HASCOL) has received an offer letter dated January 29, 2026, from the National Bank of Pakistan (NBP) relating to the restructuring and rescheduling of the company's financing facilities. Read more

• Colgate-Palmolive set Rs29 dividend despite 10% profit decline

Colgate-Palmolive (Pakistan) Limited (PSX: COLG) reported a net profit of Rs8.71bn for the half year ended December 31, 2025, a 10.2% decline from the Rs9.70bn profit recorded in the same period last year. Read more

• PSX review leaves oil & gas, banking indices intact

Pakistan Stock Exchange (PSX) kept the constituents of its Oil & Gas and Banking Sector Tradable Indices unchanged following the latest re-composition review covering the period from July 1, 2025, to December 31, 2025, the bourse said in a notice on Friday. Read more

• NBP issues foreign exchange rates

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

• Asia markets lower amid tech sell-off

Asia markets slid sharply on Monday, with South Korea leading regional losses on reaction to fresh economic data from China and continued volatility across commodities and global equities. Read more

• Air Link, National Refinery join KSE-30 in PSX rejig

Pakistan Stock Exchange (PSX) has reshuffled the constituents of its benchmark KSE-30 Index following the annual re-composition exercise conducted as of December 31, 2025, according to a notice issued on Friday. Read more

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