MG Morning Breeze: Updates to Skim before Market

June 11, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Pakistan's FY27 plan: 4% growth, Rs144tr economy

Pakistan has set a GDP growth target of 4% for FY2026-27, with the nominal size of the economy projected to reach Rs143.6tr, as the government proposed a National Development Outlay of Rs3.7tr for the new fiscal year, anchored by a Federal PSDP of Rs1tr and provincial ADPs of Rs2.2tr. Read more

• SBP raises around Rs2tr through MTBs auction

The State Bank of Pakistan (SBP) conducted two government securities auctions, with a settlement date of June 11, 2026, a Market Treasury Bills (MTBs) auction and a 10-Year Floating Rate Pakistan Investment Bond (PFL) Semi-Annual auction. Read more

• Pakistan Economic Survey 2025-26 to be unveiled tomorrow

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb will unveil the *Pakistan Economic Survey 2025-26* on Thursday, June 11, providing a comprehensive overview of the country's economic performance during the outgoing fiscal year Read more

• Ignite, Mobilink Bank consortium to launch NIC Sialkot

Pakistan's technology incubation network is expanding after Ignite, operating under the Ministry of IT and Telecom (MoITT), inked a deal with a Mobilink Bank-led consortium, which includes CyberVision International to establish and operate a National Incubation Center (NIC) in Sialkot. Read more

• Govt extends austerity rules, eases public service hours

A meeting of the Committee for Monitoring and Implementation of Fuel Conservation and Additional Austerity Measures, chaired by Deputy Prime Minister Ishaq Dar, was held in Islamabad to review ongoing policy implementation and exemption requests submitted by various ministries and divisions. Read more

• Petrol braces for hike, diesel set for massive drop

After weeks of relative relief for petrol consumers, shifting global oil market Dynamics indicate that petrol prices are on track to climb, while High-Speed Diesel (HSD) rates are poised for a massive drop. Read more

• PSDP FY27 set at Rs1tr, infrastructure takes lead

The federal government has proposed a Public Sector Development Programme (PSDP) of Rs1.00 trillion for fiscal year 2026-27, channelling the bulk of spending into infrastructure with transport and communication alone receiving Rs355.9 billion, the largest single sub-sector allocation in the entire development budget. Read more

• PM at NEC sees growth, employment as next economic frontier

The next phase of Pakistan's economic journey must focus on injecting growth and creating jobs now that macroeconomic stability has been achieved. Read more

• PKR posts fresh gain versus USD

The Pakistani rupee continued its upward trajectory against the US dollar on Wednesday, posting another modest gain in the interbank market amid ongoing currency stability and improved market sentiment. Read more

• PSX Closing Bell: Red Wave Crashes Ashore

The benchmark KSE-100 Index erased the previous session's gains on Wednesday, closing at 169,427.44, down by 903.12 points or 0.53%, as investors turned cautious amid rising geopolitical tensions in the Middle East and renewed pressure on banking, energy, and technology stocks. Read more

• GIS Sukuk trading resumes from June 11

The Pakistan Stock Exchange (PSX) has declared the resumption of trading in 3 & 5 Year Fixed Rental Rate (FRR) and 10 Year Variable Rental Rate (VRR) Government Ijarah Sukuk (GIS) issue dated December 11, 2025, effective Thursday, June 11, 2026. Read more

• World Bank mission reviews SRMP progress in Sindh

The World Bank is on a Pakistan visit, where its mission toured project sites across Sindh's Talhar, Matli, Badin and Tando Muhammad Khan districts to assess implementation and community impact under the Sindh Rural Management Programme (SRMP), with field findings confirming all activities had been implemented as planned. Read more

• Samsung tops global chip investment race

Samsung Electronics Co. emerged as the largest investor among the world’s top 10 semiconductor companies in 2025, backed by massive spending on both infrastructure and innovation. Read more

• AI development races ahead of global calls for pause

Rapid advances in artificial intelligence are outpacing growing international demands to slow or halt its development, with US firm Anthropic disclosing that its Claude chatbot now writes more than 80% of its own code, a figure that stood in the single digits just over a year ago. Read more

• Gold price in Pakistan falls Rs12,627 per tola

Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs442,436 per tola, down Rs12,627. Read more

• SBP eases rules for Islamic Banking Windows

The State Bank of Pakistan (SBP) has issued revised instructions regarding Islamic Banking Windows (IBWs) operations with immediate effect. Read more

• SBP introduces nationwide digital payments experience survey

The State Bank of Pakistan (SBP) has introdued a nationwide survey titled "User Experience of Digital Payment Services" to gather direct feedback from digital payment users across the country. Read more

• LSE SPAC-I board approves merger scheme with Ningbo Green Light Energy

LSE SPAC-I Limited's (PSX:SPAC1) board of directors has approved the initiation of a merger scheme with Ningbo Green Light Energy Limited, under which LSE SPAC-I will be merged into Ningbo Green Light Energy, making the latter the resultant listed entity. Read more

• Sindh flags market manipulation in wheat prices

Wheat and flour prices in Sindh came under review on Tuesday as the provincial government assessed market conditions amid concerns over recent price increases and supply chain pressures. Read more

• SPEC Refinery seeks govt support for Hub project

SPEC Refinery Pvt Ltd has presented plans for Pakistan's first Deep Conversion Greenfield Refinery Project at Hub, Baluchistan, seeking government facilitation for the implementation of the Greenfield Refinery Policy and expedited issuance of remaining regulatory approvals from the FBR. Read more

• Customs rejects claims of trade halt at Gabd-Rimdan

Customs authorities have rejected media reports alleging a complete halt in cross-border trade through the Gabd-Rimdan border crossing and resulting LPG shortages, stating that the claims are not supported by actual operational data. Read more

• K-Electric's AA long-term rating maintained

The Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of K-Electric Limited (PSX:KEL), keeping its long-term rating at AA and short-term rating at A1+ with a stable outlook. Read more

• PACRA maintains PRL ratings at ‘A/A1’ with stable outlook

Pakistan Credit Rating Agency (PACRA) has maintained its entity ratings for Pakistan Refinery Limited (PRL), reaffirming a Long-Term rating of 'A' and Short-Term rating of 'A1', with a Stable outlook, as of June 5, 2026. Read more

• Pakistan bets on agriculture to drive revival in budget 2026-27

PM Shehbaz Sharif has called for sweeping reforms in Pakistan's agricultural sector, stressed its potential to drive an economic revival, as the government sought stakeholder input ahead of the Federal Budget 2026-27. Read more

• NBP issues foreign exchange rates

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

• Cherat Packaging commissions 2.7 MW solar plant

Cherat Packaging Limited (PSX:CPPL) has commissioned a 2.7 MW solar power plant at its factory site in Gadoon Amazai, Khyber Pakhtunkhwa. Read more

• Gold drops over 1% amid strong dollar, oil surge

Gold prices extended losses on Wednesday, falling more than 1% to their lowest level in nearly three months as escalating tensions between the United States and Iran boosted the U.S. dollar and crude oil prices, reducing investor demand for the precious metal. Read more

• PM Shehbaz to chair NEC meeting today

Prime Minister Shehbaz Sharif is set to chair the National Economic Council (NEC) meeting today, according to a familiar person, as the top economic decision-making body reviews development priorities and broader economic coordination between the federation and provinces. Read more

• Worker remittances rise to $4.25bn in May 2026

Pakistan received workers' remittances of $4.25bn in May 2026, up 20.2% from $3.54bn in April 2026, according to the latest data released by the State Bank of Pakistan (SBP). Read more

• U.S. strikes Iran, oil extends gains

Global oil prices climbed on Wednesday after military action by the United States against Iran heightened fears of disruptions to energy supplies flowing through the strategically important Strait of Hormuz. Read more

• Meezan Bank replaces PEL in MZNPI

Pakistan Stock Exchange (PSX) has re-composed the Meezan Pakistan Index (MZNPI) based on the review conducted as of May 25, 2026, in accordance with the relevant index rules. Read more

Copyright Mettis Link News