MG Morning Breeze: Updates to Skim before Market
MG News | April 06, 2026 at 07:36 AM GMT+05:00
April 06, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
What appears on the surface as a sharp fuel price hike is, in reality, a deep structural rupture in Pakistan’s energy economy. A special report by Mountain Ventures argues that the country is no longer dealing with a conventional oil price cycle, but with a full-scale breakdown of the pricing architecture that governed petroleum markets for decades. Read more
Pakistan has firmly rejected what it termed as “misleading and unfounded” commentary regarding financial deposits placed by the United Arab Emirates (UAE) with the State Bank of Pakistan (SBP), clarifying that the matter pertains to routine financial arrangements between the two countries. Read more
Pakistan’s equity market remained under pressure for the tenth consecutive week, as the benchmark KSE-100 Index closed at 150,398.71 on 3 April 2026, down from 151,707.52 recorded on 27 March 2026. The index shed 1,308.81 points, translating into a 0.86% week-on-week (WoW) decline. Read more
The Securities and Exchange Commission of Pakistan has approved the country’s first Shariah-compliant credit risk-sharing product, which marks a significant step toward expanding Islamic financing for underserved sectors such as micro, small and medium enterprises (MSMEs) and agriculture. Read more
Weekly roundup of Key Economic releases and market data and statistics Read more
The government has declared a major relief package, cutting petrol prices by Rs80 per litre for one month, reducing the rate from Rs458 to Rs378 per litre with immediate effect, alongside multiple subsidies aimed at easing the burden of rising fuel costs. Read more
The government has decided to maintain current toll tax rates on national highways, providing relief to the public by withdrawing the previously declared increase. Read more
Stocks at the Pakistan Stock Exchange continued their downward trajectory on Friday, with the benchmark KSE-100 Index closing lower as investor sentiment remained under pressure due to global uncertainties and a sharp increase in domestic fuel prices. Read more
The Pakistani rupee (PKR) edged up by 0.90 paisa against the US dollar in Friday’s interbank session, closing at 279.10 compared to the previous close of 279.11. Read more
Pakistan has reaffirmed its commitment to accelerating its digital economy, highlighted by the successful 5G spectrum auction which was a sign of progress and direction. Read more
Pakistan is increasingly attracting the attention of foreign investors, driven by its strategic policy direction and effective diplomatic engagement, positioning the country as a rising investment destination in a shifting global landscape. Read more
The government has initiated significant progress on the Karachi Port–Hyderabad M-10 Motorway project, directing a team of top-tier engineers from the National Highway Authority (NHA) to immediately begin feasibility studies and preliminary groundwork to ensure a strong technical foundation for the project. Read more
Pakistan’s industrial and agricultural sectors have recorded a substantial rise in electricity consumption, using an additional 2,164 GWh between December 2025 and February 2026, data from the Power Division shows. Read more
Gammon Pakistan Limited (PSX:GAMON) did not secure or undertake any new projects during the third quarter ended March 31, 2026, citing continued weakness in the construction and infrastructure sector due to economic constraints, high financing costs, and subdued investment activity. Read more
The Khyber Pakhtunkhwa (KP) government has significantly ramped up its investment in healthcare, allocating Rs274 billion for the current fiscal year, a sharp increase from Rs30.3bn in 2013. Read more
Gold price in Pakistan increased on Friday, with 24-karat gold being sold at Rs490,362 per tola, up Rs3,400. Read more
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah-based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs14.26trillion into the market, of which Rs13.87tr were injected through reverse repo OMO. Read more
Pakistan and the United Arab Emirates (UAE) have reaffirmed their commitment to strengthening bilateral trade and economic collaboration, as senior officials from both sides held a high-level virtual meeting to review ongoing cooperation and explore new opportunities. Read more
Fuel prices in Pakistan have surged due to international market pressures and ongoing global crises, the government confirmed, while assuring the public that relief measures will continue and fuel prices will be reviewed regularly. Read more
Pakistan's short-term inflation, measured by the Sensitive Price Indicator (SPI), increased by 1.01% for the week ended April 02, 2026, according to data released by the Pakistan Bureau of Statistics (PBS). Read more
The SCRA balance decreased by Rs.8.33 bn during the week ending Mar 27, 2026 to close at Rs.29.28 bn. Read more
China is emerging as a global hub for artificial intelligence (AI), with its large AI models seeing growing adoption overseas. Read more
Pakistan is seeking expanded financial and technical support from the International Fund for Agricultural Development (IFAD) to scale up rural development, climate resilience, and agricultural modernization efforts, as both sides explored new project pipelines and deeper collaboration. Read more
Pakistan’s banking sector has deployed over Rs235 billion today (April 3) into the Central Power Purchasing Agency (CPPA), in a major liquidity injection aimed at stabilizing the country’s strained power sector payment chain. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Friday issued the following exchange rates. Read more
Pakistan and Tajikistan have moved closer to formalizing a Memorandum of Understanding (MoU) on mutual legal cooperation, as both sides agreed to accelerate coordination for its early signing. Read more
Asian markets mostly advanced on Friday as optimism grew over a potential easing of disruptions in the Strait of Hormuz, a vital global oil transit route, following reports that Iran and Oman are working on a joint framework to regulate shipping flows. Read more
In a strategic bid to stabilize the national supply chain against soaring global energy costs, the Government of Pakistan has implemented a historic "tax-swap" by completely abolishing the Rs55 Petroleum Development Levy (PDL) on High-Speed Diesel (HSD) while simultaneously increasing the levy on petrol by Rs55 to a record Rs160.61 per liter. Read more
Barrick Mining Corporation has reiterated its long-term confidence in Pakistan’s Reko Diq project, while announcing a cautious slowdown in development to reassess evolving security conditions and project dynamics. Read more
In a relief-focused move aimed at cushioning the impact of the recent petrol price increase, the government has introduced targeted fuel subsidies, including Rs100 per litre for motorcycle users on up to 20 litres per month, Rs70,000 monthly support for truck operators, and Rs100,000 per month for public buses. Read more
Pakistan Telecommunication Company Limited (PSX:PTC) has received regulatory clearance from the Pakistan Telecommunication Authority (PTA), for the consolidation and transfer of PTA licenses, as well as the amalgamation of Telenor Pakistan (Private) Limited into Pak Telecom Mobile Limited, both wholly owned subsidiaries of PTCL. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 150,398.71 270.15M | -1.06% -1612.55 |
| ALLSHR | 90,084.08 469.39M | -0.93% -849.88 |
| KSE30 | 45,453.36 99.47M | -1.14% -522.50 |
| KMI30 | 218,271.12 195.05M | -0.92% -2019.44 |
| KMIALLSHR | 58,965.48 294.49M | -0.81% -483.69 |
| BKTi | 41,775.34 33.94M | -0.76% -317.96 |
| OGTi | 31,328.42 11.96M | -0.61% -192.61 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 69,385.00 | 69,870.00 67,570.00 | 2250.00 3.35% |
| BRENT CRUDE | 109.78 | 111.89 109.00 | 0.75 0.69% |
| RICHARDS BAY COAL MONTHLY | 112.50 | 0.00 0.00 | 6.40 6.03% |
| ROTTERDAM COAL MONTHLY | 113.00 | 114.50 113.00 | -0.40 -0.35% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 111.55 | 115.48 109.50 | 0.01 0.01% |
| SUGAR #11 WORLD | 14.96 | 15.50 14.91 | -0.33 -2.16% |
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