MG Morning Breeze: Updates to Skim before Market

March 25, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Trump amplifies Pakistan’s offer to host Iran talks

US President Donald Trump on March 24 reshared a post from Pakistan’s Prime Minister Shehbaz Sharif, highlighting Islamabad’s readiness to host negotiations aimed at de-escalating tensions in the Middle East. Read more

• Unity Foods legal battle takes mediation route

Unity Foods Limited (PSX: UNITY) has been ordered by the Sindh High Court to engage in structured mediation to resolve ongoing corporate disputes, potentially expediting a resolution and avoiding protracted litigation. Read more

• PSX Closing Bell: Bull Dances to the Beat

The benchmark KSE-100 Index concluded Tuesday's trading session at 153,966.36, showing an increase of 1,225.99 points or 0.80%. Read more

• Hoechst Pakistan explores strategic expansion

Hoechst Pakistan Limited (PSX: HPL) is advancing plans for medium to long term strategic expansion, with its Board approving an evaluation of multiple growth avenues, including product partnerships, investment in manufacturing assets, and acquisition of majority stakes in pharmaceutical companies. Read more

• PKR edges higher vs USD

The Pakistani rupee (PKR) posted a marginal gain against the US dollar in Tuesday’s interbank session, strengthening by 2.90 paisa (0.01%) to close at 279.22 per USD, compared to the previous close of 279.25. Read more

• SBP cancels license of 2 exchange companies

The State Bank of Pakistan (SBP) has declared the immediate cancellation of the authorizations and licenses of two exchange companies, Dream Exchange (Pvt.) Limited and Al Raj International Exchange Company (Pvt.) Limited. Read more

• Gold price in Pakistan rises Rs16,300 per tola

Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs464,062 per tola, up Rs16,300. Read more

• CYAN, DHPL delisted from PSX after merger with DLL

The Pakistan Stock Exchange (PSX) has officially notified that Cyan Limited (CYAN) and DH Partners Limited (DHPL) will stand delisted effective Wednesday, March 25, 2026, following the completion of their amalgamation with and into Dawood Lawrencepur Limited (DLL). Read more

• Pakistan keeps fuel hikes below global surge

Pakistan has maintained a relatively moderate increase in fuel prices despite a sharp global surge, showing a calibrated approach aimed at balancing fiscal sustainability with public relief. Read more

• OGDC starts production from Pakistan’s first horizontal oil well

Oil and Gas Development Company Limited (PSX: OGDC) has successfully commenced production from Pasakhi-13, marking Pakistan’s first horizontal oil well in a clastic reservoir (Lower Goru-A sand). Read more

• Iran conflict threatens APAC sovereign ratings

Sovereign credit profiles across the Asia-Pacific region are under mounting pressure due to the ongoing Iran conflict, Fitch Ratings cautioned, highlighting the region’s vulnerability from heavy dependence on imported oil and gas. Read more

• Pakistan’s Mango industry faces water threat

Farmers in South Punjab are raising alarm as potential disruptions to river water flows threaten the region’s iconic mango industry. Read more

• K-Electric appoints Syed Taha CEO

K-Electric Limited (PSX: KEL) appoints Syed Taha as Chief Executive Officer, effective 15 April 2026, succeeding interim CEO Adeeb Ahmad. Read more

• TPL Trakker Sukuk fully settled early

TPL Trakker Limited (PSX: TPLT) successfully executed early payment of profit and principal for its Sukuk Certificates II, issued on March 30, 2021, for a five-year tenure. Read more

• Pakistan named world’s most polluted country in 2025

Pakistan emerged as the world’s most polluted country in 2025, with concentrations of fine particulate matter (PM2.5) reaching levels up to 13 times higher than the World Health Organization’s (WHO) recommended limit, according to research released today. Read more

• AGP net profit jumps 46% in CY25

AGP Limited (PSX: AGP) recorded a robust 46% increase in net profit, reaching Rs4.34bn for the year ended December 31, 2025, up from Rs2.96bn in CY24. Read more

• Oil shock spurs hawkish talk but EM assets hold firm

Markets have priced in a more hawkish path for interest rates following a recent oil shock, as higher commodity prices directly feed into CPI inflation. Read more

• Mari Energies signs key agreements to boost gas supply

Mari Energies Limited (PSX: MARI), the 100% working interest owner and operator of the Mari gas field, has executed multiple agreements for the Pressure Enhancement Facilities (PEF) Project with major fertilizer companies including Fauji Fertilizer Company Limited, Engro Fertilizers Limited, and Fatima Fertilizer Company Limited. Read more

• NBP issues foreign exchange rates

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

• Pakistan takes the driver’s seat in Middle East crisis

Pakistan has moved to the center of the latest Iran–US–Israel crisis, positioning itself as a quiet but unusually important go-between at a moment when the region is edging toward wider war. Read more

• Gold slides amid strong dollar, rising rates

Gold prices declined more than 1% on Tuesday, marking their tenth consecutive session of losses, as a stronger U.S. dollar and diminishing expectations of near-term Federal Reserve rate cuts continued to pressure the precious metal. Read more

• Oil rises on persistent geopolitical tensions

Oil prices edged higher during Asian trading on Tuesday, recovering from steep losses in the previous session as investors reassessed geopolitical developments in the Middle East and remained cautious about the durability of any potential de-escalation. Read more

• President directs prioritization of public relief

President Asif Ali Zardari has directed that public relief should remain at the forefront of economic policy in light of the prevailing regional situation. Read more

• Asia markets gain while oil prices jump

Asian markets traded higher on Tuesday but gave up part of their early gains as oil prices rebounded, highlighting persistent uncertainty surrounding tensions in the Middle East. Read more

• PTA clears PTCL-backed Telenor amalgamation

Pakistan Telecommunication Authority (PTA) has cleared the proposed amalgamation of Pak Telecom Mobile Limited and Telenor Pakistan (Private) Limited, both wholly owned subsidiaries of Pakistan Telecommunication Company Limited, according to a regulatory filing. Read more

• AGP plans share buyback to boost returns, tighten capital structure

AGP Limited (PSX: AGP) is moving to repurchase as many as 5.6 million of its own shares, a step aimed at tightening its equity base and boosting shareholder returns. Read more

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