MG Morning Breeze: Updates to Skim before Market

March 10, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Govt focused on stability, investment, energy security

Muhammad Aurangzeb, Federal Minister for Finance and Revenue, reiterated the government’s commitment to strengthening macroeconomic stability and improving the investment climate. Read more

• PM directs govt to adopt austerity for stability

Prime Minister Shehbaz Sharif has reaffirmed the government’s commitment to protecting public interests and maintaining economic stability, stating that all necessary steps will be taken to safeguard the national economy amid evolving global challenges. Read more

• Soneri Bank opens first WWF certified Green Branch

Soneri Bank Limited declared that its Baber Market Branch located in Landhi, Karachi has received certification under the WWF-Pakistan Green Office Program, making it the bank’s first certified Green Branch. Read more

• OGDCL targets higher oil, gas production amid global uncertainty

Pakistan is accelerating efforts to strengthen its energy independence, with the Special Investment Facilitation Council driving initiatives aimed at expanding domestic oil and gas production. Read more

• Pakistan’s business confidence remains steady in Feb 2026

The overall Business Confidence Index marginally decreased by 0.1 points, reaching 55.3 in February 2026, the latest results of the Business Confidence Survey (BCS), conducted by the State Bank of Pakistan (SBP) in collaboration with the Institute of Business Administration (IBA), revealed. Read more

• Pakistan consumer confidence rises to 43 points in Feb 2026

The Consumer Confidence Index (CCI) in Pakistan increased by 1.4 to 43 points in February 2026 compared to 41.6 points in January 2026, according to a survey report released by the State Bank of Pakistan (SBP). Read more

• Gold price in Pakistan falls Rs6,500 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs533,362 per tola, down Rs6,500. Read more

• Japan pushes for stronger local ties to unlock AI potential in tourism

Japan’s tourism industry is looking to harness artificial intelligence (AI) to improve regional tourism, but building stronger emotional connections with local businesses is the crucial first step. Read more

• PKR rises by 3 paisa against USD

The Pakistani rupee (PKR) gained by 3.08 paisa against the US dollar in Monday's interbank session to settle the trade at PKR 279.37 per USD, compared to previous closing of 279.40. Read more

• SBP keeps policy rate unchanged at 10.5%

The Monetary Policy Committee has decided to keep the policy rate unchanged at 10.5% in its meeting held on March 9, 2026. Read more

• PSX Closing Bell: Bulls Left in the Cold

The Pakistan Stock Exchange (PSX) witnessed a sharp sell-off on Monday as escalating geopolitical tensions and a surge in global oil prices rattled investor sentiment. Read more

• PTML gears up for the 5G revolution

Pak Telecom Mobile Limited (PTML), a wholly owned subsidiary of Pakistan Telecommunication Company Ltd (PSX:PTC), is eligible to participate in the spectrum auction for Next Generation Mobile Services (NGMS)/5G. Read more

• Japan real wages rise after over a year

Japan’s real wages recorded a 1.4% year-on-year increase in January, marked the first rise in over a year, government data revealed Monday. Read more

• Sazgar to acquire 5 kanal commercial plot

Sazgar Engineering Works Limited intends to purchase a commercial plot measuring 5.07 kanals valuing Rs1.47bn located at Central Business District (CBD), Lahore. Read more

• MG U9 pickup arrives ahead of schedule

MG Motor Pakistan has officially started delivering its much-anticipated MG U9 pickup vehicles ahead of schedule, showed a strong commitment to customer satisfaction and operational excellence in the country’s automotive sector. Read more

• Bahrain’s Bapco Energies declares force majeure

Bapco Energies BSC, Bahrain’s integrated energy company, has declared force majeure on its group operations following disruptions caused by the ongoing Middle East conflict and a recent attack on its refinery complex, the company confirmed in a statement. Read more

• G-7, IEA move calms oil peak

Following the dramatic early-morning surge where global oil prices rocketed past $116 per barrel, the market has begun to show signs of a "cooling off" period. Read more

• Oil crisis split: Pakistan hikes petrol, India holds prices

South Asia’s energy landscape is increasingly diverging as soaring global oil prices, driven by escalating tensions between the United States and Iran, push neighbouring economies onto sharply different policy paths. Read more

• IMF flags inflation risk amid Middle East oil shock

IMF Managing Director Kristalina Georgieva on Monday cautioned that the ongoing conflict in the Middle East could drive global inflation higher. Read more

• New UBO registry brings transparency to corporate ownership

The Securities and Exchange Commission of Pakistan (SECP) has introduced a new digital Ultimate Beneficial Ownership (UBO) registry, which aims to bring transparency to company ownership. Read more

• FATIMA CY25 profit surges 16%

Fatima Fertilizer Company Limited (PSX: FATIMA) reported a robust 16% increase in net profit, reaching Rs42.06bn for the year ended December 31, 2025, compared to Rs36.39bn in the previous year. Read more

• Iran conflict raises risks for emerging economies

The ongoing Iran conflict could create fresh economic pressures for several emerging market economies by pushing up energy prices, weakening external balances, and tightening access to global financing. Read more

• FATIMA plans up to around Rs70bn diversification investments

Fatima Fertilizer Company Limited (PSX: FATIMA) has approved investments of up to Rs69.9 billion across aviation, exploration and production, capital markets, and real estate as part of its ongoing business diversification strategy, the company said in a notice to the Pakistan Stock Exchange. Read more

• Asia markets slide on oil price shock

Asian markets tumbled sharply on Monday as a sudden surge in global oil prices triggered widespread selling across the region, rattling investor sentiment and heightening concerns about inflation and economic stability. 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

• Trading halted at PSX after KSE-30 triggers circuit breaker

Trading at the Pakistan Stock Exchange was temporarily suspended on Monday morning after the benchmark KSE-30 Index dropped more than 5% from its previous trading day’s close, triggering a market-wide circuit breaker under PSX regulations. Read more

• PSX Opening Bell: Blood Red at the Open

The Pakistan Stock Exchange (PSX) opened Monday’s session under heavy pressure as escalating geopolitical tensions and a sharp rise in global oil prices dampened investor sentiment. Read more

• Global oil prices spike to $116 amid Strait of Hormuz crisis

Global oil prices surged past the $110-a-barrel mark after Iran moved to close the strategically vital Strait of Hormuz, which triggered sharp reactions across energy and financial markets. Read more

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