MG Morning Breeze: Updates to Skim before Market

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MG News | March 26, 2026 at 11:36 PM GMT+05:00

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March 27, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $22.1 million or 0.14% WoW to $16.38 billion during the week ended on March 19, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

The State Bank of Pakistan (SBP) rejected all competitive bids received in today's buyback auction for 5-Year Pakistan Investment Bonds – Floating Rate (PFL). Read more

The State Bank of Pakistan (SBP) raised a combined Rs466.232 billion in its latest auction of fixed-rate Pakistan Investment Bonds (PIBs), held on March 26, 2026, with a settlement date of March 27, 2026. Read more

Barrick Mining has decided to slow down development of its major copper and gold project at Reko Diq in Pakistan, while citing worsening security conditions and regional instability. Read more

Japan has begun tapping into its national oil reserves in a major effort to stabilize energy supplies as tensions escalate due to the ongoing US-Israeli conflict with Iran. Read more

Pakistan’s top civil and military leadership moved to align economic, energy, and security responses as rising global oil prices and supply constraints threaten to intensify inflation and strain the country’s external account. Read more

Oil and Gas Development Company Limited (PSX:OGDC) has made a significant gas discovery at the Sahito-1 exploratory well in the Khewari Exploration License, located in District Khairpur, Sindh. Read more

Pakistan and Oman strengthened energy cooperation as Islamabad imported three petrol cargoes and one diesel shipment from Omani ports in March, with two additional petrol cargoes scheduled later this month. Read more

The Securities and Exchange Commission of Pakistan (SECP) has granted a license to the Punjab government to establish its first provincial life insurance company, which marks a significant step toward expanding insurance coverage in the country. Read more

The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Thursday, with the benchmark KSE-100 Index posting a sharp decline amid weak investor sentiment driven by rising geopolitical uncertainty and higher global oil prices. Read more

The Pakistani rupee (PKR) remained largely flat against the US dollar in Thursday’s interbank session, settling marginally stronger at PKR 279.20 per USD compared to the previous close of 279.21. Read more

Packages Limited (PSX: PKGS) reported a consolidated net profit of Rs260.59m for the year ended 2025, marking a successful turnaround from a consolidated net loss of Rs1.38bn recorded in the previous year. Read more

Next Capital Limited submitted a Public Announcement of Public Offer on behalf of Nishat Group linked acquirers to purchase 298,759 ordinary shares, representing 3.23% of the issued and paid-up capital, along with control of Rafhan Maize Products Company Limited. Read more

GlaxoSmithKline Pakistan Limited reported a strong financial performance for the year ended December 31, 2025, with net profit rising 53.4% year-on-year to Rs10.03bn, compared to Rs6.54bn in CY24. Read more

TotalEnergies has emerged as a major force behind a recent dramatic surge in Middle Eastern crude oil prices. Read more

Dubai crude tumbled to $113 per barrel today, shedding $29 from its previous levels in one of the sharpest single-day corrections in recent months. Read more

The Government of Pakistan has unveiled plans to introduce a mobile-based fuel quota system aimed at providing direct subsidies to low-income vehicle owners, including motorcycles, rickshaws, and potentially small cars up to 800cc. Read more

The government has directed authorities to devise and implement a practical strategy to boost investment in the construction and housing sector, aimed at expanding affordable housing and create employment opportunities across the country. Read more

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs468,262 per tola, down Rs11,000. Read more

PACRA has maintained Kohinoor Energy Limited’s long-term rating at AA and short-term rating at A1+ with a stable outlook, showing the company’s strong business profile and solid operational performance. Read more

Pakistan and China have reaffirmed their commitment to pushing forward the second phase of the China-Pakistan Economic Corridor (CPEC), with a renewed focus on agriculture, industrial cooperation, and priority infrastructure projects, as both sides pledged deeper collaboration and continued economic partnership Read more

Global oil prices edged higher on Thursday after Iran signaled it is not willing to engage in direct negotiations with the United States, dampening hopes for a swift resolution to ongoing geopolitical tensions. Read more

Chinese battery manufacturers are poised to remain key beneficiaries of the global energy transition, supported by their technological edge and cost leadership, according to Fitch Ratings. Read more

The total money supply circulating within the economy till February 2026 has been recorded at Rs46.67 trillion, according to provisional accounts on Monetary Aggregates for the month, maintained by the State Bank of Pakistan (SBP). Read more

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs393.18 billion WoW to Rs42.31 trillion as of March 13, 2026, data released by State Bank of Pakistan (SBP) showed. Read more

The government of Pakistan has acquired an additional debt of Rs258.48 billion during the week ended March 13, 2026, which brings its total net borrowing for ongoing fiscal year 2026 to Rs885.97bn, according to the central bank's weekly estimates. Read more

OGRA has received an initial tranche of Rs. 27 billion to settle outstanding Price Differential Claims arising from the government’s decision to shield consumers from rising international oil prices. Read more

The Government of Pakistan raised Rs118.05 billion in the 32nd auction of Government of Pakistan Ijarah Sukuk (GIS), showing continued momentum and resilience in the country’s Islamic finance sector despite shifting market conditions. Read more

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

Sharia-compliant mutual funds in Pakistan have reached a historic milestone, with total assets under management (AUM) exceeding Rs2 trillion for the first time, showing growing investor confidence in Islamic investment avenues. Read more

Asia markets traded mixed on Thursday as geopolitical uncertainty persisted after Iran ruled out direct negotiations with the United States, dampening investor confidence across the region. Read more

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Latest News
March 26, 2026 at 11:36 PM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


March 26, 2026 at 09:12 PM GMT+05:00

SBP reserves rise $22m to $16.4bn


March 26, 2026 at 07:20 PM GMT+05:00

SBP rejects all bids in PIB floating rate buyback auction


March 26, 2026 at 06:54 PM GMT+05:00

SBP raises Rs466bn in fixed-rate PIB auction



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