MG Morning Breeze: Updates to Skim before Market
MG News | April 08, 2026 at 07:51 AM GMT+05:00
April 08, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
A proposed resolution at the United Nations Security Council aimed at safeguarding navigation through the Strait of Hormuz failed after Russia and China exercised their veto powers, blocking efforts to encourage coordinated defensive measures among member states. Read more
Pakistan has successfully repaid over $1.42 billion in external debt obligations, including a $1.3 billion Eurobond that matured on April 8, 2026, which signals continued stability in its debt management strategy. Read more
The government engaged global institutional investors in a high-level virtual interaction led by Jefferies Financial Group, reaffirming its commitment to macroeconomic stability, fiscal discipline, and structural reforms while projecting Pakistan as an increasingly attractive investment destination. Read more
Highnoon Laboratories Limited (PSX: HINOON) posted a robust net profit of Rs4.13 billion for the year ended 2025, up 21.83% from Rs3.39bn recorded in 2024. Read more
The Pakistani rupee (PKR) remained flat against the US dollar in Tuesday’s interbank session, closing at PKR 279.06 per USD, largely unchanged from the previous day’s 279.07. Read more
PICIC Insurance Limited (PSX:PIL) is in the final stages of a proposed merger with Crescent Star Foods (Pvt.) Limited (CSF), under which CSF will merge with and into the company. Read more
China has introduced a comprehensive feasibility study and pre-project assessment for a space-based intelligent computing constellation, signaling a major step toward advancing global computing infrastructure. Read more
Stocks at the Pakistan Stock Exchange closed slightly higher on Tuesday, with the benchmark KSE-100 Index extending gains in a volatile session, supported mainly by strength in the banking sector. Read more
China will continue to enforce control measures on retail gasoline and diesel prices from Wednesday, aiming to reduce the impact of fluctuations in global oil markets on its domestic economy. Read more
Pakistan must adopt a long-term energy strategy focused on local resources and renewable energy to ensure both energy security and economic stability. Read more
China experienced a robust boost in consumer spending and travel during the 3-day Qingming Festival holiday, fueled in part by overlapping spring school breaks for primary and secondary students, according to APP. Read more
The 9th edition of Heritage Istanbul Fair has emerged as a key platform for advancing global conservation efforts, with a strong focus on deepening collaboration between Türkiye and China. Read more
Supernet Technologies Limited (STL) has entered a new growth phase with Rs9.2 billion in FY2025 revenue and a multi-billion project pipeline, as the company scales up its presence across cybersecurity, telecom and digital infrastructure Read more
The Asian Development Bank (ADB) has shown keen interest in supporting Pakistan’s ongoing power sector reforms, including initiatives such as digitization, integrated planning, data governance, privatization, and institutional strengthening. Read more
K-Electric Limited (PSX: KEL) has secured a reprieve in its regulatory standoff after the Sindh High Court directed the newly functional NEPRA Appellate Tribunal to decide the utility’s pending appeals within three months, while allowing existing protections to stay in place. Read more
Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs488,462 per tola, down Rs3,000. Read more
Itanz Technologies Limited (PSX:ITANZ) has signed two new contracts totaling $2.10 million. Read more
Pakistan and the Eurasian Economic Union (EAEU) have agreed to establish a Joint Feasibility Study Group to evaluate the economic implications of a potential preferential trade agreement. Read more
Sazgar Engineering Works Limited (PSX: SAZEW) recorded production and sales of both four-wheelers and three-wheelers for March 2026, showing a mixed performance compared to the previous month. Read more
The government has intensified its focus on empowering young Pakistanis, describing them as the “future of the nation,” and is pushing to accelerate ongoing initiatives that provide greater opportunities in employment, education, and technical training. Read more
The government of Pakistan has retired a debt of Rs299.01 billion during the week ended March 27, 2026, which brings its total net borrowing for ongoing fiscal year 2026 to Rs928.8bn, according to the central bank's weekly estimates. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs20.03 billion WoW to Rs42.7 trillion as of March 27, 2026, data released by State Bank of Pakistan (SBP) showed. Read more
The ongoing conflict in Iran is creating short-term uncertainties in the global sukuk market, with potential impacts on issuance, pricing, and liquidity largely dependent on the war’s scale and duration, according to Fitch Ratings. Read more
Gold prices remained largely stable on Tuesday as investors approached a tense geopolitical deadline. U.S. President Donald Trump had set a timeline for reopening the Strait of Hormuz. Read more
Pakistan’s economy is under renewed strain after the United Arab Emirates (UAE) declined to roll over a $3bn loan, marking the first time in seven years that such an agreement was not reached, according to Bloomberg. Read more
The Securities and Exchange Commission of Pakistan (SECP) has approved additional pension funds for the governments of Balochistan and Punjab, which aims to strengthen the country’s pension system. Read more
The government has inducted fifteen environment-friendly, eco-smart electric vehicles into the Islamabad Traffic Police fleet, which aims to enhance traffic management and reduce fuel costs amid rising international fuel prices. Read more
The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of Faysal Bank Limited (FABL) to AA+ from AA, showing the bank’s stable financial profile and strong performance in the Islamic banking segment. Read more
Highnoon Laboratories Limited (PSX:HINOON) has successfully reaffirmed its strong credit ratings, which reflects the company’s solid market position and robust financial management. Read more
Pakistan’s gender gap in mobile internet usage declined to around 25% over the past year from 36–38%, while more than 800,000 digital wallets were opened by women during the Ramzan digital payments initiative, reflecting a measurable expansion in digital and financial inclusion. Read more
Global oil markets climbed further as geopolitical tensions between the United States and Iran deepened, raising concerns over supply disruptions in a critical maritime corridor. Read more
Asia markets witnessed sharp volatility on Tuesday, reversing early gains and turning lower as investors reacted to escalating geopolitical tensions involving Donald Trump and Iran. Read more
Systems Limited (PSX: SYS) reported an exceptional financial performance for the year ended December 31, 2025, with its consolidated net profit surging 48% to Rs11.04bn, up from Rs7.46bn in the previous year. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 164,035.83 82.17M | 8.15% 12362.37 |
| ALLSHR | 97,371.43 130.71M | 7.25% 6584.57 |
| KSE30 | 49,957.93 33.18M | 8.75% 4019.11 |
| KMI30 | 240,937.60 29.49M | 8.70% 19285.39 |
| KMIALLSHR | 64,097.92 80.90M | 7.49% 4466.79 |
| BKTi | 45,264.47 13.48M | 8.65% 3603.33 |
| OGTi | 34,382.98 4.68M | 7.60% 2428.87 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 71,720.00 | 72,960.00 70,055.00 | 2550.00 3.69% |
| BRENT CRUDE | 94.41 | 96.27 91.70 | -14.86 -13.60% |
| RICHARDS BAY COAL MONTHLY | 112.50 | 0.00 0.00 | 5.25 4.90% |
| ROTTERDAM COAL MONTHLY | 112.00 | 113.50 112.00 | -1.00 -0.89% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 96.12 | 109.19 91.05 | -16.83 -14.90% |
| SUGAR #11 WORLD | 14.57 | 15.07 14.57 | -0.40 -2.67% |
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