MG Morning Breeze: Updates to Skim before Market

February 20, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan, USA advance cooperation framework on Roosevelt Hotel

The Governments of Pakistan and the United States have formally launched a strategic economic initiative, including collaboration with the U.S. General Services Administration (GSA) regarding the operation, maintenance, renovation, and redevelopment of the Roosevelt Hotel in New York. Read more

• Pakistan, Indonesia align on Palestine at UNSC

Pakistan and Indonesia reaffirmed their longstanding brotherly relations as their top diplomats held a bilateral meeting on the sidelines of the High-Level United Nations Security Council (UNSC) briefing on Palestine in New York. Read more

• SBP reserves rise $19.1m WoW

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19.1 million or 0.12% WoW to $16.19 billion during the week ended on February 13, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

• Govt assures support to boost hand-knotted carpet exports

The government reaffirmed its commitment to strengthening Pakistan’s hand-knotted carpet export sector, assuring immediate facilitation measures to address supply disruptions and operational bottlenecks confronting exporters. Read more

• Pakistan Railways expands services, upgrades infrastructure

Pakistan Railways is set to launch a reform package aimed at transforming the department into a profitable, modern and passenger-centric national transport system, with a strong focus on revitalizing freight operations, expanding passenger services and upgrading railway infrastructure across the country. Read more

• Cherat Packaging profit drops 72% in 1HFY26

Cherat Packaging Limited (PSX: CPPL) posted a net profit after tax of Rs87.12m for the half year ended December 31, 2025, marked a sharp 72.11% decline compared to Rs312.35m in the same period last year. Read more

• GTYR swings to loss in 1HFY26

Ghandhara Tyre & Rubber Company Limited (PSX:GTYR) reported a net loss of Rs162.1m for the half year ended December 31, 2025, as it swinged from a net profit of Rs25.2m recorded in the same period last year. Read more

• Nestle Pakistan PAT jumps 16%, total dividend hits Rs557

Nestle Pakistan Limited (PSX: NESTLE) posted a net profit after tax of Rs17.24bn for the year ended December 31, 2025,marked a 16% increase compared to Rs14.81bn in the previous year. Read more

• Overseas investors repatriate $1.7bn in 7MFY26

Foreign investors’ repatriation of profits and dividends rose 26.26% YoY in 7MFY26 to $1.68 billion, compared to $1.33bn repatriated in the same period last year, according to the latest data issued by the State Bank of Pakistan. Read more

• PSX Closing Bell: Down in the Valley

The benchmark KSE-100 Index concluded Thursday's trading session at 172,170.29, showing a decrease of 6,682.80 points or 3.74%. Read more

• Gold price in Pakistan rises Rs7,900 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs523,962 per tola, up Rs7,900. Read more

• OGDC successfully tests gas condensate well at Dars West-3

Oil and Gas Development Company Limited (PSX:OGDC) has successfully tested a new development well in C-Sands of Lower Goru Formation at Dars West-3, located in District Tando Allah Yar, Sindh Province. Read more

• At-Tahur plans Rs900m Sukuk to strengthen working capital

At-Tahur Limited (ATL) has approved the issuance of Islamic Sukuk III Certificates of up to Rs900m to support its working capital requirements, according to a certified board resolution dated February 13, 2026. Read more

• SBL to exercise call option in full on Rs5bn Tier-II finance certificates

Samba Bank Limited (PSX:SBL) has issued notice to holders of its rated, subordinated and unsecured Tier-II term finance certificates worth Rs5 billion that it will exercise the call option in full. Read more

• Faysal Bank to issue Rs7bn Tier-II Sukuks

Faysal Bank Limited's (PSX: FABL) Board of Directors has approved the issuance of Tier-II Capital in the form of Privately Placed Shariah Compliant Sukuks worth Rs7 billion, inclusive of a Green-Shoe option of another Rs2bn. Read more

• IHC clears DHPL, Cyan merger into Dawood Lawrencepur

The Islamabad High Court has sanctioned the Scheme of Amalgamation of DH Partners Limited (DHPL) and Cyan Limited with and into Dawood Lawrencepur Limited (DLL). Read more

• Faysal Bank FY25 profit declines 6%

Faysal Bank Limited (PSX:FABL) reported a net profit of Rs22.47bn for the year ended December 31, 2025, which represents a 6% decline from the Rs23.89bn profit recorded in the previous year. Read more

• PSX shifts Sukuk clock for Ramadan

The GoP Ijarah Sukuk (GIS) Revaluation Mechanism will follow a revised schedule during the Holy Month of Ramadan 1447 AH, showing the adjusted market timings applicable for this period. Read more

• Gold stalls near $5,000 despite global uncertainty

Gold prices moved slightly up, though still struggling to break past the $5,000 mark amid a mix of economic and geopolitical developments. Read more

• Korean auto exports hit $6bn on strong EV demand

South Korea’s automobile exports saw a sharp rise in January, climbing 21.7% year-on-year to reach $6.07bn, marked the second-highest value ever recorded for a January. Read more

• Power sector starts 2026 strong with 12% YoY growth

Pakistan’s power sector kicked off 2026 with a record-breaking performance, as it generated 9,140 GWh in January the highest output ever recorded for the month up 12.1% year-on-year (YoY) from 8,153 GWh in January 2025. Read more

• Govt ensures seamless electricity, gas supply this Ramazan

The government has declared that electricity and gas supplies will remain uninterrupted across the country during Sehri and Iftar timings throughout the holy month of Ramazan. Read more

• NCCPL issues Ramadan timings for clearing systems

National Clearing Company of Pakistan Limited (NCCPL) has released the designated time schedule for its clearing and settlement systems during the holy month of Ramadan 2026. Read more

• Govt begins disbursing Ramzan relief funds

The government has launched the disbursement of the Ramzan Relief Package 2026, with funds being credited to beneficiaries’ accounts immediately to ensure timely financial assistance to vulnerable segments of society. Read more

• Walmart’s $1tr valuation sparks AI-driven expansion

Fresh off surpassing the $1 trillion market capitalization milestone, Walmart is set to release its fourth-quarter earnings today, with markets closely watching whether the retail giant can accelerate growth through artificial intelligence-driven initiatives. Read more

• MLCF secures Pioneer Cement shares, 61% allotment applied

Maple Leaf Cement Factory Limited's (PSX: MLCF) public offer to acquire a controlling stake in Pioneer Cement Limited was oversubscribed by a significant margin, with eligible applications received for 43,189,598 shares against an offer size of 26,623,096 shares prompting accepted shares to be allotted on a pro-rata basis at a rate of 61.64%. Read more

• Pakistan, Bangladesh relations gain fresh momentum

Pakistan and Bangladesh moved to reinforce bilateral engagement as both sides reaffirmed their commitment to expanding cooperation across multiple sectors during a meeting held in Islamabad on Wednesday. Read more

• Pakistan to engage USA in drive for global peace

Pakistan and the United States are set to engage on key diplomatic and global issues while reflecting their shared interests in international stability and cooperation. Read more

• Bank Makramah to issue shares to TFC holders

Bank Makramah Limited (PSX: BML) has secured consent from the required threshold of Term Finance Certificate (TFC) holders to convert outstanding debt into equity, the bank said in a disclosure to the Pakistan Stock Exchange (PSX). Read more

• Asia markets rally, Kospi hits record high

Asia markets advanced on Thursday, led by a sharp rally in South Korea, as investors took cues from overnight gains on Wall Street while several regional exchanges resumed trading after the Lunar New Year holidays. Read more

• Unlisted financial sector sees 88% compliance in annual filings

In a move to enhance transparency in the financial sector, 88% of licensed companies have uploaded their annual audited financial statements on the Financial Portal for Unlisted Companies of the Pakistan Stock Exchange, in compliance with directives issued by the Securities and Exchange Commission of Pakistan (SECP). Read more

• Negotiation committee set up to finalize FASA for IIA concession

The Privatisation Commission Board has constituted a negotiation committee to engage with the Asian Development Bank (ADB) on finalizing the terms of a potential Financial Advisory Services Agreement (FASA) for the proposed privatisation of Islamabad International Airport (IIA). Read more

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