MG Morning Breeze: Updates to Skim before Market
MG News | April 16, 2026 at 07:39 AM GMT+05:00
April 16, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Pakistan is fast-tracking its artificial intelligence (AI) transformation under a national roadmap that positions the technology as a central pillar of future economic growth, backed by a proposed $1 billion investment target by 2030. Read more
In a bid to address rising human-wildlife conflict, WWF-Pakistan and Jubilee General Insurance have introduced a livestock insurance scheme in the Galiyat region to protect herders from financial losses caused by predators such as common leopards. Read more
K-Electric (PSX:KEL) has appointed Mr. Shaheryar Chishti as Chairman of its Board following the election of directors held at the Extraordinary General Meeting (EGM). Read more
Over-invoicing practices have come under renewed scrutiny as the government moves to take strict legal action against those involved in the illegal activity. Read more
The State Bank of Pakistan (SBP) conducted two separate government securities auctions on April 15, 2026, with a settlement date of April 16, 2026, a Market Treasury Bills (MTBs) auction and a 10-Year Floating Rate Pakistan Investment Bond (PFL) Semi-Annual auction, collectively raising Rs1.529 trillion in face value terms across short and long-term maturities. Read more
The Securities and Exchange Commission of Pakistan (SECP) has issued new guidelines aimed at expanding the availability of Shariah-compliant digital financing products, making interest-free financial services more accessible across the country. Read more
The Government of Pakistan raised a combined Rs116.4bn in face value through its latest Government of Pakistan Hybrid Sukuk (GHS) auction conducted via the PSX Auction System, falling short of the aggregate pre-auction target of Rs200bn. Read more
Prime Minister Shehbaz Sharif has commenced an official three-nation visit covering the Kingdom of Saudi Arabia, the State of Qatar, and the Republic of Türkiye from today until April 18, 2026, aimed at strengthening bilateral ties and advancing regional diplomatic engagement. Read more
The Pakistani rupee (PKR) remained largely flat against the US dollar in Wednesday’s interbank session, closing at PKR 278.96 per USD compared to the previous day’s closing of 278.97. Read more
Stocks at the Pakistan Stock Exchange continued their upward momentum on Wednesday, with the benchmark KSE-100 Index posting strong gains, supported by improved macroeconomic sentiment and easing global oil prices amid renewed diplomatic optimism. Read more
Pakistan is moving ahead with a multi-year tariff reduction plan under its National Tariff Policy, even as many economies shift toward protectionist measures. Read more
Pakistan-China economic engagement gathered pace as efforts to attract Chinese investment into 21 priority sectors intensified through a high-level outreach in Ningbo, bringing together around 100 enterprises and key industry stakeholders across multiple sectors. Read more
Zarea Limited (PSX: ZAL) has fully utilized the proceeds raised from its Initial Public Offering (IPO), with external auditors M/s. Naveed Zafar Ashfaq Jaffery & Company confirming no discrepancies in the utilization process. Read more
Ghani Global Holdings Limited (PSX:GGL) has incorporated a wholly owned subsidiary under the name G3 REIT Management Limited, with an authorized and paid-up capital of Rs50 million. Read more
LSE Capital Limited (PSX: LSECL) moves forward with the listing of its subsidiary LSE SPAC-I Limited on the Main Board of Pakistan Stock Exchange, following approval of its listing application and draft prospectus dated April 14, 2026 Read more
Sitara Peroxide Limited (PSX:SPL) has reported that it is actively pursuing financial restructuring and plant modernization after shutting down operations to stem continuous losses Read more
Pakistan’s banking sector deposits posted a robust 18.1% year-on-year (YoY) growth, reaching Rs37.51 trillion in March 2026, compared to Rs31.75tr in the same month last year, according to data released by the State Bank of Pakistan. Read more
Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs503,462 per tola, up Rs3,500. Read more
United Bank Limited (PSX: UBL) reported a profit after tax (PAT) of Rs48.42 billion for the quarter ended March 2026, showing a 34.09% increase compared to Rs36.11bn in Q1 2025. Read more
Pakistan’s Federal Minister for Finance and Revenue, Muhammad Aurangzeb, has stressed that diplomacy remains an ongoing “process, not an event,” as Pakistan continues its engagement with international partners amid heightened tensions in the Middle East. Read more
Service Long March Tyres Ltd. (SLM) has strengthened its position in Pakistan’s tyre industry by benefiting from a corporate tax exemption valid until 2032, while rapidly emerging as a dominant local player with roughly 55% share of the all-steel tyre segment, according to Shahid Ali Habib, CEO of Arif Habib Ltd., the transaction’s financial adviser. Read more
Fertilizer consumption in Pakistan witnessed strong performance in March 2026, as overall nutrient offtake increased by 88% year-on-year to 414,000 tonnes, according to the latest Monthly Fertilizer Review released by the National Fertilizer Development Centre (NFDC). Read more
Saif Textile Mills Limited (PSX: SAIF) has commissioned a 10-megawatt solar power project at its manufacturing facility in Gadoon Amazai, Khyber Pakhtunkhwa, as part of its strategy to reduce energy costs and improve operational efficiency. Read more
State Bank of Pakistan (SBP) moves to allow regulated financial institutions to engage with Pakistan Virtual Asset Regulatory Authority (PVARA) licensed Virtual Asset Service Providers (VASPs) under an updated framework replacing the earlier 2018 restriction on virtual currencies and tokens. Read more
SupernetGlobal has achieved the successful rollout of its first satellite-based connectivity solution in Africa, which marks a significant milestone in its international expansion strategy. Read more
Amid intensifying regional diplomacy efforts, Qatar stated that “the whole region” is engaged in supporting Pakistan’s mediation initiative aimed at ending the U.S.-Israel conflict involving Iran. Read more
Enhancing investment opportunities in Pakistan and strengthening the country’s international image were the key focus of discussions held on Tuesday during a meeting between Federal Minister for Board of Investment Qaiser Ahmed Sheikh, Chief Executive Officer of Marss Group Adnan Sarwar Cheema, and Additional Secretary Ministry of Foreign Affairs Hamid Asghar Khan. Read more
Oil prices continued to edge lower after closing in negative territory yesterday, as market sentiment improved on hopes that diplomatic efforts could ease tensions in the Middle East. Read more
Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, held a meeting on Tuesday with a delegation of auto parts manufacturers to deliberate on the upcoming auto policy and measures aimed at strengthening Pakistan’s local automotive industry. Read more
Pakistan and the Czech Republic need to further strengthen their bilateral trade and make better use of existing export opportunities under the GSP Plus framework to enhance economic growth and commercial cooperation. Read more
Karachi Port is undergoing a major phase of operational and infrastructural upgrades as the government accelerates reforms aimed at turning Pakistan’s seaports into regional trade and logistics hubs, Federal Minister for Maritime Affairs Junaid Anwar Chaudhry said on Tuesday. Read more
The Privatization Commission Board has approved key recommendations for submission to the Cabinet Committee on Privatisation regarding the planned privatization of the first batch of power distribution companies Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO) clearing a major step toward inviting Expressions of Interest (EOIs) from prospective investors. Read more
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a high-level meeting with Dan Katz, First Deputy Managing Director of the International Monetary Fund, on the sidelines of the World Bank–IMF Spring Meetings 2026, focusing on programme continuity and the economic impact of ongoing external shocks. Read more
Pakistan continues to strengthen engagement with its overseas community as part of broader efforts to enhance foreign inflows and economic stability, with renewed focus on investment channels and remittance growth. Read more
Pakistan is witnessing a notable uptick in transshipment activity at Karachi Port, with volumes over the past month surpassing those recorded during the entire previous year, an indication of shifting global trade dynamics and emerging opportunities for the country. Read more
Stocks at the Pakistan Stock Exchange (PSX) opened Wednesday’s trading session on a strong footing, with the benchmark KSE-100 Index staging a sharp rally at the opening bell, reflecting robust investor sentiment. Read more
The federal government has decided to exempt K-Electric and the Hyderabad Electric Supply Company (HESCO) from its newly declareddaily loadshedding schedule. Read more
Pakistan is nearing approval for the next tranche of its International Monetary Fund programme after reaching a staff-level agreement on key reviews, Finance Minister Muhammad Aurangzeb told global investors, showing continued external financing support as the country navigates geopolitical and fiscal pressures. Read more
The Kingdom of Saudi Arabia has committed an additional $3 billion in deposits to Pakistan, with disbursement expected within the coming week, providing a significant boost to the country’s external financing position Read more
Asian markets opened higher on Wednesday, tracking overnight gains on Wall Street and a decline in global oil prices, as optimism grew over a potential diplomatic resolution to tensions in the Middle East. Read more
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| KSE100 | 168,519.94 600.69M | 1.74% 2885.10 |
| ALLSHR | 100,327.69 1,191.02M | 1.66% 1641.75 |
| KSE30 | 50,918.37 289.83M | 1.86% 931.27 |
| KMI30 | 243,647.50 248.34M | 1.65% 3960.26 |
| KMIALLSHR | 65,555.37 626.03M | 1.47% 951.47 |
| BKTi | 46,361.54 106.78M | 2.02% 916.94 |
| OGTi | 34,376.44 15.73M | 1.21% 412.53 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 75,120.00 | 75,580.00 74,570.00 | -55.00 -0.07% |
| BRENT CRUDE | 94.92 | 95.29 94.43 | -0.01 -0.01% |
| RICHARDS BAY COAL MONTHLY | 103.25 | 103.25 103.25 | -0.60 -0.58% |
| ROTTERDAM COAL MONTHLY | 103.50 | 103.50 103.50 | -0.50 -0.48% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.64 | 91.76 90.52 | 0.35 0.38% |
| SUGAR #11 WORLD | 13.50 | 14.03 13.48 | -0.38 -2.74% |
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