MG Morning Breeze: Updates to Skim before Market

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

• SBP reserves rise $18.6m to $16.4bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $18.6 million or 0.11% WoW to $16.4 billion during the week ended on April 03, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

• Lebanon violence loom over Iran, U.S. talks

Iranian negotiators are scheduled to arrive in Islamabad on Thursday night for high-stakes talks with the United States, as a fragile two-week truce faces pressure from ongoing conflict in Lebanon and tensions around the Strait of Hormuz. Read more

• Mercedes-Benz Q1 sales dip amid China slowdown

German luxury automaker Mercedes-Benz reported a 6% decline in global car sales for the first quarter of 2026, as robust demand in the U.S. and Europe could not fully compensate for a sharp downturn in China. Read more

• Pakistan, Ethiopia eye trilateral maritime alliance with Djibouti

Pakistan and Ethiopia have initiated discussions on forming a trilateral maritime alliance with Djibouti, aimed at enhancing trade connectivity between Asia and Africa. Read more

• PSX Closing Bell: On the Back Foot

Stocks at the Pakistan Stock Exchange closed marginally lower on Thursday, as the benchmark KSE-100 Index gave up early gains in a highly volatile session, with mixed investor sentiment following recent geopolitical developments. Read more

• Balochistan CPEC roads spend hits Rs85.5bn

Nine major road projects in Balochistan under the China-Pakistan Economic Corridor (CPEC) have so far utilized Rs 85.49 billion from a total allocation of Rs191.67bn under the Public Sector Development Program (PSDP) for 2022-23 to 2025-26, according to APP. Read more

• Govt steps in to fix what’s gone sour in dairy sector

The government has warned that Pakistan’s dairy sector faces serious challenges, including poor milk quality and widespread malnutrition, with nearly 40% of children suffering from stunting. Read more

• PKR strengthens against USD

The Pakistani rupee (PKR) gained 2.72 paisa against the US dollar in Thursday’s interbank session, closing at PKR 279.02 per USD, slightly higher than the previous close of 279.05. Read more

• Pakistan China business ties get fresh boost

Prime Minister Shehbaz Sharif on Thursday met a four-member delegation led by Jin Yongsheng, Chairman of Service Long March Tyres (Private) Limited, to discuss investment expansion and strengthening business ties between Pakistan and China. Read more

• Pakistan positions IT sector for global growth

Pakistan is strengthening its global IT footprint with an expanded presence at one of Asia’s leading technology exhibitions, signaling growing confidence in its digital exports and international partnerships. Read more

• Gold holds ground ahead of key U.S. inflation data

Gold prices remained largely stable on Thursday as investors weighed ongoing geopolitical risks in the Middle East alongside upcoming U.S. inflation data. Read more

• Gold price in Pakistan falls Rs9,500 per tola

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs494,662 per tola, down Rs9,500. Read more

• Haji Mohammad Ismail Mills reports progress on revival efforts

Haji Mohammad Ismail Mills Limited's (PSX:HMIM) management is making efforts to revive the company through a reverse merger or restructuring with prosperous investors. Read more

• PM Shehbaz hails diplomatic breakthrough, vows lasting stability

Prime Minister Shehbaz Sharif portrayed Pakistan’s recent diplomatic intervention as a defining chapter in the country’s history,while framing it as a moment when coordinated leadership and national unity helped defuse a potentially dangerous regional crisis. Read more

• Service Long March Tyres to pump $120m into Pakistan

Service Long March Tyres (Private) Limited has declared an additional investment of $120 million in Pakistan, aiming to increase its exports from $70m by June 2026 to over $100m in the following financial year. Read more

• Excise offices stay open for holiday motorcycle transfers

The Excise and Taxation Department has declared that all its offices will remain open for four consecutive days, from April 9 to April 12, to facilitate smooth and timely motorcycle ownership transfers, according to APP. Read more

• WorldCall Telecom Limited moves toward rebranding, global expansion

WorldCall Telecom Limited (PSX:WTL) is set to change its name to WorldCall Technologies Limited, acquire a wholly owned subsidiary in the United Arab Emirates (UAE), and carry out a major balance sheet restructuring, as the Board of Directors passed a series of sweeping resolutions at an Emergent Meeting. Read more

• Ghani Global secures SECP approval for G3 REIT

Ghani Global Holdings Limited has received approval from the Securities and Exchange Commission of Pakistan to establish a wholly owned Real Estate Investment Trust (REIT) management company under the name “G3 REIT Management Limited.” Read more

• Nepra raises electricity tariff by Rs1.42 per unit

Pakistan’s power regulator, National Electric Power Regulatory Authority (Nepra), has approved an increase of Rs1.42 per unit in electricity prices under the monthly fuel cost adjustment (FCA) mechanism, attributing the hike to changes in fuel charges for February 2026. Read more

• BIPL exchange subsidiary gets SBP clearance to begin business

BankIslami Pakistan Limited's (PSX:BIPL) wholly owned subsidiary, BIPL Exchange Company (Private) Limited, has received formal authorization from the State Bank of Pakistan for Commencement of Business. Read more

• Oil climbs on ceasefire strains

Global oil prices edged higher on Thursday as fresh tensions between Iran and the United States sparked fears of renewed instability that could impact energy supplies. Read more

• PSX Opening Bell: Falling Like Rain

Stocks at the Pakistan Stock Exchange came under pressure at the opening bell on Thursday, with the benchmark KSE-100 Index reversing course after the previous session’s historic rally, as renewed geopolitical concerns dampened investor sentiment. Read more

• Asia markets fall amid fresh ceasefire dispute

Asia markets closed lower on Thursday as renewed tensions between the United States and Iran rattled investor sentiment, raising concerns over the stability of a recently announced ceasefire agreement. Read more

• ECC approves over Rs5bn in grants for health, education and security

The Economic Coordination Committee (ECC) has approved multiple Technical Supplementary Grants exceeding Rs 5 billion, including Rs 2.8 billion for the Federal Directorate of Immunization to support nationwide vaccination efforts, Rs 2 billion for education and youth skills programmes, and Rs 306 million for the Airports Security Force. Read more

• NBP issues foreign exchange rates

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

• Govt domestic debt, liabilities rise 10% YoY in Feb 2026

The total government domestic debt and liabilities have increased by 10% to Rs56.82 trillion in February 2026, compared to Rs51.29tr in February 2025, the latest data released by the State Bank of Pakistan (SBP) showed. Read more

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