MG Morning Breeze: Updates to Skim before Market

April 21, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan upsizes Eurobond to $750m through greenshoe option

Pakistan has upsized its Eurobond issuance to $750 million after exercising a green shoe option, as overwhelming investor demand prompted authorities to expand the deal beyond its original $500 million. Read more

• Pakistan’s exports to Kenya surge 32% in 9MFY26

Pakistan’s exports to Kenya have witnessed a substantial surge during the first nine months (July–March) of fiscal year 2025–26, which reflects growing trade ties between the two countries. Read more

• Overseas investors repatriate $1.8bn in 9MFY26

Foreign investors ' repatriation of profit and dividends rose 6.33% YoY in 9MFY26 to $1.83 billion compared to $1.72bn worth of repatriation in the same period last year, the latest data issued by the central bank revealed. Read more

• Bank deposit rate falls by 43bps in March

The return on bank deposits has decreased by 43 basis points to 4.61% in March 2026 compared to the deposit rate of 5.04% last month, according to the latest official data. Read more

• PKR extends gains, edges up against USD

Pakistani rupee (PKR) recorded a modest appreciation against the US Dollar in Monday’s interbank session, gaining 1.1 paisa to settle at 278.91 compared to the previous close of 278.92. Read more

• SBP buys back Rs285bn in 5-year floating rate PIBs

The State Bank of Pakistan (SBP) conducted a Buy Back Auction for 5-Year Pakistan Investment Bonds Floating Rate (PFL) with a settlement date of April 21, 2026, repurchasing Rs285.315bn in face value terms from the market. Read more

• PSX Closing Bell: Downbeat End

Stocks at the Pakistan Stock Exchange ended Monday’s session in the red, although the benchmark KSE-100 Index recovered significantly from intraday lows as late-session buying helped trim earlier steep losses. Read more

• LOTCHEM Q1CY26 profit jumps over two-fold

Lotte Chemical Pakistan Limited (PSX: LOTCHEM) reported a stellar financial performance for the first quarter ended March 31, 2026, with its net profit surging 2.2 folds to Rs1.47bn, up from Rs661.9m in the corresponding period last year. Read more

• EFERT Q1CY26 profit climbs 14%

Engro Fertilizers Limited (PSX: EFERT) reported a solid 14% increase in its consolidated net profit, reaching Rs3.32bn for the quarter ended March 31, 2026, up from Rs2.90bn in the corresponding period last year. Read more

• Pakistan, Ethiopia set stage for long-term economic partnership

Pakistan and Ethiopia have agreed to deepen bilateral trade, industrial collaboration, and regional connectivity, focusing on expanding economic engagement across African markets and unlocking new investment opportunities. Read more

• Pakistan signs IFC deal to accelerate nationwide smart meter rollout

The Ministry of Energy (Power Division) has entered into a Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC), a member of the World Bank Group, to accelerate the deployment of smart metering infrastructure across Pakistan’s electricity distribution network. Read more

• Gold price in Pakistan falls Rs4,900 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs501,162 per tola, down Rs4,900. Read more

• FLYNG 9MFY26 profit surges 94%

Flying Cement Company Limited (PSX: FLYNG) reported an impressive 94% surge in its net profit for the nine months ended March 31, 2026, logging Rs534.32m compared to Rs275.31m in the same period last year. Read more

• PSX Mid-Day: Down in a Hole

Stocks at the Pakistan Stock Exchange continued to trade sharply lower on Monday afternoon, with the benchmark KSE-100 Index extending its losses as renewed geopolitical tensions and volatile global oil prices kept investors on the defensive. Read more

• PKIC closes Rs1.5bn short-term sukuk for TWA

Pakistan Kuwait Investment Company (Private) Limited (PKIC) has successfully closed a Rated, Secured, Privately Placed Short Term Sukuk for Transworld Associates (TWA) amounting to Rs 1.5bn. Read more

• Jazz International Holding launches public offer for 6.67% TPL Insurance stake

Jazz International Holding Limited has submitted a formal public offer to purchase up to 13,245,191 ordinary shares, representing 6.67% of the issued share capital of TPL Insurance Limited, at an offer price of Rs30 per share. Read more

• Gold caught between safe-haven demand, strong dollar headwinds

Gold prices edged lower on Monday as a stronger U.S. dollar weighed on demand, even as escalating tensions in the Middle East stirred fresh inflation concerns. Read more

• SBP Governor briefs investors on economic outlook

Pakistan’s key macroeconomic indicators have improved at a faster-than-expected pace since the start of the current fiscal year, reflecting strengthening economic fundamentals and policy traction. Read more

• Govt seeks OICCI input for pro-growth budget

The government has reaffirmed its commitment to an inclusive and consultative approach in preparing the Federal Budget 2026–27, engaging foreign investors to gather input on economic priorities, tax policy, and measures to boost investment and growth. Read more

• Oil rebounds over 6% amid renewed U.S.-Iran conflict

Oil markets staged a sharp recovery on Monday, climbing more than 6% after suffering a steep drop of over 10% on Friday, as renewed geopolitical tensions rattled supply expectations. Read more

• OGRA disburses Rs38bn in PDC to OMCs

Oil and Gas Regulatory Authority (OGRA) has disbursed approximately Rs38 billion in Price Differential Claims (PDC) to 34 Oil Marketing Companies (OMCs) as part of the federal government’s decision to keep fuel prices at affordable levels. Read more

• NBP issues foreign exchange rates

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

• EPQL 3MCY26 profit plunges 61%

Engro Powergen Qadirpur Limited (PSX: EPQL) reported a steep 61% decline in its net profit, logging Rs151.43m for the quarter ended March 31, 2026, compared to Rs384.59m in the corresponding period last year. Read more

• Sazgar 9MFY26 profit up 16%, declares Rs20 dividend

Sazgar Engineering Works Limited (PSX: SAZEW) reported a solid 16% increase in its net profit, reaching Rs14.88bn for the nine months ended March 31, 2026, compared to Rs12.85bn in the same period last year. Read more

• Asian markets gain on energy rally, conflict fears persist

Asian markets traded mostly in positive territory on Monday, even as investors remained wary of escalating geopolitical tensions in the Middle East following a sharp confrontation between the United States and Iran. Read more

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