MG Morning Breeze: Updates to Skim before Market

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MG News | June 12, 2026 at 08:19 AM GMT+05:00

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

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $24.8 million or 0.14% WoW to $17.22 billion during the week ended on June 05, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

Pakistan's public debt management is showing tangible results as the first nine months of FY2026 recorded the slowest debt accumulation in recent years, with total markup expenditure declining sharply on the back of lower policy rates and a structural shift toward longer-tenor fixed-rate borrowing. Read more

Focus was placed on strengthening environmental protection and improving climate resilience during a briefing at the Environmental Protection Agency (EPA) Khyber Pakhtunkhwa, where officials presented the agency’s performance, reforms, achievements and future plans. Read more

Pakistan's energy sector is undergoing a historic green transformation, with total installed capacity surging to 49,651 MW as the nation decisively pivots away from expensive thermal power. Read more

The Saga prefectural government in southwestern Japan has opened an interactive facility aimed at raising public awareness about marine plastic waste, a growing environmental concern in Japan and other regions. Read more

Pakistan's Information Technology and Telecommunication sector has shattered previous records, with IT export remittances surging by 19.7% to hit a monumental $3.38bn during the first nine months of FY26. Read more

Pakistan's balance of payments-maintained stability during July-March FY2026, supported by strong remittance inflows and growing IT exports, though a Middle East crisis in late February 2026 disrupted trade flows and pushed the current account into deficit in April. Read more

Pakistan is on the frontlines of a rapidly escalating global climate crisis. The year 2025 served as a stark reminder of this reality, ranking as the second warmest year in the past 65 years with a national average temperature of 23.9°C. Read more

Bank Makramah Limited (PSX: BML) has received a firm intention from a consortium led by DM Holdings Limited to acquire a significant shareholding in the bank, potentially crossing thresholds defined under Pakistan’s securities law. Read more

The Pakistani rupee posted a marginal gain against the US dollar in Thursday’s interbank market, extending its stable performance as the local currency settled at PKR 278.35 per dollar, compared to the previous close of PKR 278.36. Read more

Mari Energies Limited's bidding process for the sale of up to 35% gas from the Spinwam Gas Field is being conducted in full compliance with Pakistan’s regulatory framework, after media reports raised questions over licensing requirements. Read more

Pakistan's manufacturing and mining sectors are pulsing stronger than ever, driving a powerful economic recovery with a massive 6.6% manufacturing rebound in FY26. Read more

Pakistan’s fiscal consolidation strategy has yielded a dramatic improvement in its public finances during the first nine months of the fiscal year 2025–26. Read more

Pakistan's inflation trajectory remains vulnerable to global energy and commodity price movements, geopolitical developments, domestic supply conditions, and exchange rate stability, according to the Economic Survey 2025-26. Read more

Total inflows into Roshan Digital Accounts (RDA) during May, 2026 stood at $312m, bringing the total cumulative inflows into RDA to $13,059m. Read more

The benchmark KSE-100 Index managed to close marginally higher on Thursday, ending the session at 169,703.60, up by 276.16 points or 0.16%, as gains in banking and exploration stocks offset pressure from fertilizer and power sector names amid mixed investor sentiment. Read more

The sales of cars, including LCVs, vans, and jeeps, in Pakistan increased by 19.3% in May 2026, clocking in at 17,660 units compared to 14,802 units recorded in the same month of last year, the latest data from the Pakistan Automotive Manufacturers Association (PAMA) showed today. Read more

Foreign currency deposits fell by $24.91m to $6.761 billion in May 2026 compared to the previous month, the latest data released by the State Bank of Pakistan showed. Read more

Pakistan's agriculture sector charts a resilient and robust growth trajectory of 2.89% in FY26. Read more

Pakistan's economy has officially turned a corner, charting a resilient and robust growth trajectory of 3.7% in FY26, defying the heavy odds of late-summer floods and a turbulent Middle East crisis. Read more

Finance Minister Muhammad Aurangzeb presented the Economic Survey FY2025-26 during a scheduled press conference, outlines a narrative of macroeconomic stabilization, structural transition, and cautious optimism. Read more

The State Bank of Pakistan has launched its Research Agenda for 2026-2029, a comprehensive three-year roadmap structured around three strategic themes. Read more

The Annual Plan Coordination Committee (APCC) and the National Economic Council (NEC) have officially finalized Pakistan’s Macroeconomic Framework for the fiscal year 2026-27. Read more

A near-doubling of net profit marked a standout nine-month performance for Sitara Petroleum Service Limited (PSX: SPSL), as the company's consolidated profit for the period ended March 31, 2026 surged 90% to Rs4.41bn compared to Rs2.32bn in the corresponding period last year. Read more

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs432,716 per tola, down Rs9,720. Read more

The government has assured the tobacco industry it will carefully examine proposals on taxation, enforcement against illicit trade, and measures to strengthen Pakistan's documented economy, acknowledging industry concerns over high taxation, elevated financing costs, increasing compliance requirements and provincial levies. Read more

Wafi Energy Pakistan Limited, in collaboration with, National Highway Motorway Police (NHMP), Rescue 1122, Frontier Works Organization (FWO), ATS and Nestle Pakistan, successfully conducted an Emergency Response Mega Drill at the Lahore–Sialkot Motorway Toll Plaza. Read more

Pakistan's Ministry of Energy (Power Division) has formally established the Power Sector Data Governance Council (PSDGC), marked the first institution of its kind in any public sector domain in the country. Read more

Ghani ChemWorld Limited (GCWL) has declared a right issue of 1,250,719 Partially Redeemable Shares (PRS) at Rs100 per share at par, with a total issue size of Rs125,071,900, as communicated to the Pakistan Stock Exchange vide letter dated June 09, 2026, and notified by PSX through notice on June 11, 2026. Read more

A new off-dock terminal at Hawksbay, Karachi, has been formally notified by Pakistan Customs, to be operated by International Cargo Terminals Pakistan (Pvt.) Ltd. (ICT), a subsidiary of Denmark-based Scan-Group A/S. Read more

Pakistan and China have signed a landmark Material Transfer Agreement (MTA) for the export of high-value buffalo genetic material, which marks a historic step toward transforming the country's livestock sector into a foreign exchange earner. Read more

Oil prices climbed on Thursday after the United States carried out a new round of military strikes against Iran, intensifying concerns that the conflict could continue and potentially disrupt global energy supplies for a longer period. Read more

Fitch Ratings has revised its 2026 global sovereign sector outlook to 'deteriorating' from 'neutral', citing the impact of the US-Iran war. Read more

Gold held its ground as investors awaiting a key U.S. inflation reading that could shape expectations for Federal Reserve policy. Read more

Pakistan's corporate regulator has forwarded a package of proposed amendments to the Companies Act, 2017 to the Finance Division for further review, as part of broader efforts to improve the country's investment climate and ease of doing business. Read more

Wheat will be supplied to Khyber Pakhtunkhwa (KP) through the Pakistan Agricultural Storage and Services Corporation (PASSCO) following directives issued by Prime Minister Shehbaz Sharif. Read more

The government successfully raised a total of Rs286.106bn in face value terms across both fixed and variable rate instruments against a combined pre-auction target of Rs350bn, through its latest Government of Pakistan Hybrid Sukuk (GHS) auction conducted via the PSX Auction System. Read more

Pakistan Stock Exchange Limited (PSX) has delisted Prudential Stocks Fund Limited (PUDF) from the Exchange with immediate effect. Read more

The Deposit Protection Corporation's (DPC) Deposit Protection Fund surpassed Rs200bn in FY2024-25, the SBP subsidiary said in its fifth annual report released Wednesday, as net profit climbed to Rs52.28bn. Read more

Asian equity markets retreated sharply on Thursday as investors moved into risk-off mode following renewed U.S. military action against Iran, rising crude oil prices, and concerns over inflation and technology-sector valuations. Read more

Copyright Mettis Link News

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