MG Morning Breeze: Updates to Skim before Market

June 02, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan, EU eye expanded trade, climate, digital ties

Pakistan and the European Union have agreed to deepen their bilateral ties across trade, climate, digital infrastructure and migration, as the two sides met for the 8th Session of the Pakistan-EU Strategic Dialogue in Islamabad. Read more

• PKR strengthens further against USD

The Pakistani rupee continued its gradual upward trajectory against the US dollar on Monday, posting a modest gain in the interbank market amid stable foreign exchange conditions. Read more

• Idrees Textile shifts to value-added products

Idrees Textile Mills Limited is charting a new course. The Company's Board of Directors, convening on June 1, 2026, approved a forward-looking strategy designed to meaningfully improve profitability and unlock new sources of value for the business. Read more

• PSX Closing Bell: Bears Have the Final Say

The benchmark KSE-100 Index came under significant selling pressure on Monday, closing at 170,600.20, down by 3,362.61 points or 1.93%, as investors reacted to rising inflationary concerns and renewed geopolitical tensions in the Middle East. Read more

• PSX's May Magic

The KSE-100 Index staged an impressive rally in May 2026, surging 10,969 points, equivalent to a gain of 6.73%, to close the month at 173,963 points. Read more

• Dadex Eternit to sell Karachi property to AKD for Rs800m

Dadex Eternit Limited (PSX:DADX) has entered into an agreement with Mr. Aqeel Karim Dhedhi for the disposal of its immovable property located at Plot No. Deh-22, Manghopir, Karachi-75890 for Rs. 800 million. Read more

• Gold price in Pakistan falls Rs4,400 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs471,762 per tola, down Rs4,400. Read more

• SBP adds SAR, AED to Naya Pakistan Certificates

The State Bank of Pakistan has issued updated rates of return for Conventional Naya Pakistan Certificates (NPCs), effective June 1, 2026. In a significant expansion, NPCs will now also be available in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), in addition to the existing USD, PKR, GBP, and Euro denominations. Read more

• Solar panels, fertilizers may escape tax hike in upcoming budget

The federal government is reportedly planning a series of tax relief measures in the upcoming budget for fiscal year 2026-27. Read more

• NCCPL issues new clearing timelines for DLL trades

The National Clearing Company of Pakistan Limited (NCCPL) has issued a revised clearing and settlement schedule for trades in Dawood Lawrencepur Limited (DLL) ahead of a change in the company's share face value, effective June 8, 2026. Read more

• May inflation rises 11.7% YoY

Pakistan's headline Consumer Price Index (CPI) inflation accelerated to 11.7% year-on-year (YoY) in May 2026, up from 10.9% in April 2026 and well above the 3.5% recorded in May 2025, the Pakistan Bureau of Statistics (PBS) reported on Monday. Read more

• Supernet plans right issue of up to Rs914.8m

The Board of Directors of Supernet Technologies Limited (PSX: STL) has approved, in principle, the company’s intention to potentially carry out a right issue of ordinary shares in the near future. Read more

• Pakistan targets 4% GDP growth in FY27

Pakistan has set a GDP growth target of 4% for fiscal year 2026-27, banking on a recovery across agriculture, industry and services to sustain the country's economic rebound. Read more

• SCRA balance rises to Rs28.7bn

The SCRA balance increased by Rs810.42 million during the week ending May 22, 2026 to close at Rs28.71 billion. Read more

• SECP unveils Statutory Compliance Certificate

The Securities and Exchange Commission of Pakistan (SECP) has introduced a new ‘Certificate of Statutory Compliance’ framework aimed at promoting corporate transparency, according to a notification issued by the regulator. Read more

• Pakistan's FY27 PSDP may cross Rs1.1tr, infrastructure to dominate

Pakistan's federal Public Sector Development Programme (PSDP) for the upcoming fiscal year 2026-27 appears set to be proposed at Rs1.126tr, with infrastructure emerging as the dominant spending priority. Read more

• CPI Preview: May inflation to clock in at 11.88%

Mettis Global estimates Pakistan's headline CPI at 11.88% YoY for May 2026, a sharp jump from April's 10.90%, and a world away from the 3.50% print in May 2025 that created the base trap we are now walking into. Read more

• Stronger dollar, oil rally drag gold lower

Gold prices fell on Monday as a firmer dollar and climbing oil prices weighed on the metal, with markets keeping a close watch on whether U.S. President Donald Trump would endorse a deal to extend the ceasefire between Washington and Tehran. Read more

• Oil climbs as Israel expands Lebanon operations

International oil prices moved higher on Monday after Israel declared an expansion of military operations in Lebanon, raising fears of increased instability in the Middle East and potential disruptions to regional energy supplies. Read more

• Pakistan's electricity bills are actually falling

Pakistan’s electricity subsidies for protected consumers have more than doubled since 2022, reaching Rs423 billion in FY 2025–26, while the national average all-inclusive tariffs have been cut by 20% across all consumer categories, the Ministry of Energy (Power Division) said, pushing back against what it described as widespread misinformation about the country’s power sector. Read more

• TRG confirms Chishti-linked share transfer

TRG Pakistan Limited (TRGP) has formally confirmed that the massive block of shares recently acquired by JS Bank Limited originated from the account of its former key stakeholder, Zia Chishti. Read more

• PSMA urges govt to allow sugar exports

Pakistan Sugar Mills Association (PSMA) has formally written to Senator Muhammad Ishaq Dar, Deputy Prime Minister and Foreign Minister of Pakistan, requesting immediate government permission to export surplus sugar. Read more

• Asia markets mixed; South Korea scales record high

Asian markets traded mixed on Monday, with South Korean stocks advancing to fresh record levels, while investors remained cautious amid ongoing uncertainty surrounding negotiations between the United States and Iran. Read more

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