MG Morning Breeze: Updates to Skim before Market

June 05, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP reserves rise $43.4m to $17.19bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $43.4 million or 0.25% WoW to $17.19 billion during the week ended on May 29, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

• SECP eases IPO rules for partnerships, LLPs

The Securities and Exchange Commission of Pakistan (SECP) has amended the Public Offering Regulations, 2017. Read more

• Petrol prices set to drop in upcoming fuel review

Consumers are likely to experience mixed fortunes in the upcoming petroleum price review, as petrol prices are projected to decrease slightly, while High-Speed Diesel (HSD) prices are on track for a major surge due to rising international oil costs. Read more

• Govt warns India over Chenab water diversion plan

Pakistan expressed serious concern over reported Indian plans to divert water from the Chenab River to the Beas River system, stating that it reserves all legal and treaty-based options to protect its rights under the Indus Waters Treaty (IWT). Read more

• Punjab offers tractor subsidies to boost farm mechanisation

The Punjab government has emphasized that modern agricultural machinery is indispensable for farmers, reaffirming its commitment to steer the sector toward modernization. Read more

• Duty cuts, tech upgrades planned under Tariff Policy 2025-30

PM Shehbaz Sharif has identified achieving export-led development targets as the top priority of the government, directing the National Tariff Commission to adopt best global practices, including artificial intelligence and modern technology, to facilitate investors and industrialists. Read more

• PKR continues appreciation trend against USD

The Pakistani rupee continued its upward trajectory against the US dollar on Thursday, marking another session of gains in the interbank market amid improving currency stability and steady foreign exchange sentiment. Read more

• PSX Closing Bell: Green Glory

The benchmark KSE-100 Index rebounded on Thursday, closing at 171,175.50, up by 984.86 points or 0.58%, as improving macroeconomic indicators and easing geopolitical concerns boosted investor confidence. Read more

• USTR proposes new tariff regime; Pakistan set for 10% levy

The US Trade Representative (USTR) has proposed a new tariff regime of 10% to 12.5% targeting 60 trading partners that fail to enforce a forced-labor import prohibition regime. Read more

• US-Iran peace could be Pakistan's $20bn moment

A resolution of the US-Iran conflict could unlock a near-term economic opportunity worth up to $20 billion for Pakistan, positioning the country as one of the largest relative beneficiaries among emerging markets if a phased settlement is signed and the Strait of Hormuz reopens to commercial traffic. Read more

• Punjab cement royalty under fire

The Federal Constitutional Court has raised serious concerns over Punjab’s 6% royalty imposed on the ex-factory price of cement, questioning whether the levy is being applied within legal bounds. Read more

• World Bank, Pakistan explore health, skills reforms

Greater focus is being placed on strengthening Pakistan’s primary healthcare system through the adoption of digital solutions aimed at improving service delivery and overall efficiency. Read more

• Gold price in Pakistan rises Rs1,523 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs469,285 per tola, up Rs1,523. Read more

• Pakistan tourism surges on GPI push

Pakistan's Green Pakistan Initiative (GPI) has driven a record influx of foreign tourists, with over one million international visitors arriving last year, a 9.2x surge compared to previous years as the programme's three-year push to develop the tourism sector yields measurable results. Read more

• Supernet secures Rs1bn communications project

Supernet Technologies Limited (PSX: STL) has been declared the successful bidder for a project valued at approximately PKR 1 billion, marking another significant milestone in the company’s expanding technology and communications infrastructure portfolio. Read more

• Gas, oil production decline WoW in May's final week

Pakistan's oil and gas production declined for the week ending May 31, as output fell across both hydrocarbons on a week-on-week basis. Read more

• PM prioritizes ML-1, ML-3 completion

Prime Minister Shehbaz Sharif on Thursday directed authorities to expedite work on key railway infrastructure projects, including the ML-1, ML-3 and Thar Coal Rail Project, stressing the need for stronger coordination between the federal and provincial governments to ensure their timely completion. Read more

• Dawood Equities introduces Shariah-compliant brokerage window

Dawood Equities Limited (DEL) has obtained a Shariah opinion from Al Hilal Shariah Advisors (Pvt.) Limited for the establishment of its Islamic Brokerage Window. Read more

• U.S. House delivers fresh setback to Trump over Iran war

U.S. President Donald Trump suffered another congressional rebuke as the Republican-led House passed a resolution aimed at curbing his authority to continue military operations against Iran, with four members of his own party breaking ranks in a 215-208 vote. Read more

• PACRA maintains HUBC's AA+ rating

The Pakistan Credit Rating Agency (PACRA) has maintained Hub Power Company's (PSX: HUBC) long-term entity rating at AA+ and short-term rating at A1+, with a stable outlook. Read more

• Meezan Bank crosses Rs1bn in housing finance

Meezan Bank has disbursed more than Rs1 billion under the Prime Minister’s Apna Ghar Housing Finance Program, “Ghar Ho Tu Apna,” marked a notable contribution to the government’s efforts to expand affordable housing finance across Pakistan. Read more

• Gold ticks higher while dollar slips

Gold prices climbed on Thursday, buoyed by a softer dollar and easing crude oil prices, as markets weighed prospects of a diplomatic resolution to the U.S.-Iran conflict. Read more

• Saudi investors eye Pakistan’s maritime opportunities

Pakistan's maritime sector has been presented to Saudi investors as a significant opportunity for collaboration. Read more

• PM calls for swift follow-up on China MoUs

Pakistan's Prime Minister Muhammad Shehbaz Sharif stressed the need for immediate follow-up on decisions taken during his recent visit to China, emphasising expansion of cooperation under CPEC 2.0 in agriculture, IT, industries including SEZs, and mines and minerals. Read more

• Oil dips below $97 on ceasefire optimism

Oil prices edged lower on Thursday after an Israel-Lebanon ceasefire agreement stoked optimism over a potential broader resolution to the U.S.-Israeli conflict with Iran, while the U.S. House of Representatives passed a resolution aimed at limiting President Donald Trump's authority to wage war. Read more

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