MG Morning Breeze: Updates to Skim before Market

May 12, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Govt eyes Rs1.7tr via PSX sukuk auctions over next three months

The Government of Pakistan is targeting to raise Rs1.7 trillion during the three months from May 2026 till July 2026 through the PSX auction system of GoP Hybrid Sukuk (GHS) and GoP Ijarah Sukuk (GIS), according to the revised auction calendar released by the Debt Management Office (DMO) of the Ministry of Finance. Read more

• Pakistan cancels third LNG spot tender

Pakistan has cancelled a third liquefied natural gas (LNG) spot cargo tender, according to a notice published on the website of state-run Pakistan LNG Limited on May 11. Read more

• Dongjin Group to set up $15m battery plant in Faisalabad SEZ

Chinese firm Dongjin Group is set to establish a dry battery manufacturing facility in Pakistan’s Allama Iqbal Industrial City, aiming to cater to surging domestic demand driven by electric vehicles (EVs) and solar energy systems. Read more

• PSX drops ESBL from SLB & Margin Financing list

The Pakistan Stock Exchange (PSX) has declared the exclusion of Escorts Investment Bank Limited from its eligible list of Securities Lending & Borrowing (SLB - B) and Margin Financing (MF) systems. Read more

• Pakistan set to receive LNG cargo from Qatar at Port Qasim

Pakistan is set to receive a liquefied natural gas (LNG) cargo from Qatar within the next few days as the supply vessel heads towards Port Qasim, Senate was informed on May 11. Read more

• Another cargo vessel docks at Gwadar

The government has pointed to Gwadar Port's expanding role in regional maritime trade, also declares the successful berthing of another cargo vessel at the deep-sea port as a sign of growing international confidence in its facilities. Read more

• Govt drives urgent refinery upgrade plan to strengthen energy security

Progress toward accelerating the operationalization of the Brownfield Upgradation Refinery Policy gained momentum as Federal Minister for Petroleum Ali Pervaiz Malik reviewed the implementation framework with leading oil refinery executives. Read more

• PSX Closing Bell: On the Back Foot

The benchmark KSE-100 Index closed Monday’s trading session slightly lower at 170,506.31, posting a decline of 609.51 points or 0.36%, as investor sentiment remained cautious amid renewed geopolitical tensions in the Middle East and a fresh spike in global oil prices. Read more

• PKR appreciates slightly against USD

The Pakistani rupee (PKR) continued its upward momentum against the US dollar on Monday, posting a modest gain in the interbank market as it appreciated by 3.02 paisa. Read more

• Second Qatari LNG ship nears Strait of Hormuz on way to Pakistan

A second Qatari LNG vessel is approaching the Strait of Hormuz after Pakistan secured arrangements with Iran for the movement of multiple fuel shipments through the strategic maritime corridor, according to Bloomberg. Read more

• Gold price in Pakistan falls Rs5,300 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs488,362 per tola, down Rs5,300. Read more

• Govt eyes technology driven tax system

Technology-driven tax reforms, AI-based monitoring systems, and measures aimed at improving documentation and compliance came under discussion at the Finance Division. Read more

• Zong, Mashreq Bank join hands for telecom banking integration

Zong, Pakistan's leading Technology Service Enterprise, has signed a strategic partnership with Mashreq Bank Pakistan to embed telecom services directly within the Mashreq mobile banking application, marking a significant step toward converging financial and telecommunications services in the country. Read more

• Pakistan’s steel sector flags double duty burden under EPZ framework

Pakistan’s steel and engineering industries are being taxed twice on the same industrial inputs under the current Export Processing Zone (EPZ) framework. Read more

• Pakistan's IT exports set to hit $4.6bn

Pakistan's domestic internet connections have surged from 1.9 million to 5.1 million this year, while IT exports are projected to reach $4.6 billion in the current fiscal year. Read more

• SECP approves 5 brokers to open Islamic Brokerage Windows

The Securities and Exchange Commission of Pakistan (SECP) has granted approval to five securities brokers to open Islamic Brokerage Windows, aimed at facilitating halal investment for investors. Read more

• Govt slashes Gwadar Port tariffs to boost regional trade

The government has declared major reductions in tariff rates at Gwadar Port, cutting berthing fees for container vessels by 25%, international transshipment container charges by 40%, and transit container cargo charges by 31%. Read more

• China confirms Trump state visit

Beijing has officially declared the dates for President Donald Trump's state visit, publicly green-lighting the first US presidential trip to China in nearly a decade, despite ongoing tensions over the Iran war. Read more

• Gold retreats on inflation fears

Gold prices slipped Monday as stalled diplomatic efforts between the United States and Iran kept geopolitical tensions simmering, sending oil prices surging and reigniting fears that stubborn inflation could force the Federal Reserve to keep borrowing costs elevated. Read more

• Oil climbs on fears of prolonged Israel-Iran conflict

Oil prices surged on Monday following remarks by Israeli Prime Minister Benjamin Netanyahu signaled that hostilities with Iran were far from finished, stoking fresh concerns over potential supply disruptions in the region. Read more

• PIAHCLA 9MCY25 loss widens

PIA Holding Company Limited (PSX: PIAHCLA) reported a massive 3.26x deterioration in its financial performance for the nine months ended September 30, 2025, with its consolidated net loss widening to a staggering Rs24.4bn compared to a net loss of Rs7.48bn in the corresponding period last year. Read more

• Pakistan, Barrick discuss next phase of Reko Diq project

Pakistan’s flagship Reko Diq Mine copper-gold project moved further into focus as the government and Barrick Gold reviewed ongoing progress and discussed the next phase of development aimed at advancing one of the world’s largest undeveloped mineral reserves. Read more

• Workers’ Remittances hits $3.54bn in April 2026

Pakistan received workers' remittances of $3.54bn in April 2026, down 7.6% from March's $3.83bn, according to the latest data released by the State Bank of Pakistan (SBP). 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

• Asian markets react to Middle East crisis

Asian markets started the week on a mixed note on Monday, with South Korea’s benchmark index surging to a fresh record high, as investors reacted to rising geopolitical tensions in the Middle East and a sharp jump in global oil prices. Read more

Copyright Mettis Link News