MG Morning Breeze: Updates to Skim before Market
MG News | June 15, 2026 at 09:05 AM GMT+05:00
June 15, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The government has abolished the 18% sales tax on the shipping industry in the 2026-27 budget. Read more
Weekly roundup of Key Economic releases and market data and statistics Read more
The Economic Coordination Committee (ECC) of the Cabinet on Saturday approved the provision of an additional 50,000 metric tons of wheat to the Khyber Pakhtunkhwa government and sanctioned technical supplementary grants (TSGs) exceeding Rs9.19bn for various federal projects and operational requirements. Read more
The United Nations has expressed cautious optimism over reports suggesting that the United States and Iran may be nearing a peace agreement to end their months-long conflict, while refraining from making any definitive assessment until an official deal is finalized. Read more
The Finance Bill 2026, tabled by Finance Minister Senator Muhammad Aurangzeb, is more than the routine legislative vehicle for the federal government's annual revenue proposals. Read more
A day after unveiling the Rs18.8 trillion federal budget for FY2026-27, the government's economic team gathered in Islamabad to defend what it called a "people-friendly and growth-oriented" financial plan aimed at steering Pakistan from economic stabilisation towards export-led growth. Read more
Pakistan has set an ambitious tax collection goal of PKR15.264 trillion for the Federal Board of Revenue (FBR) in FY2026-27, accompanied by a mix of revenue-enhancing measures and targeted tax relief for individuals and businesses. Read more
The federal budget FY27 drew broad appreciation from business bodies, consumer advocacy groups, the trader community, and citizens, with stakeholders welcoming measures targeting industrial growth, affordable housing, export competitiveness, and tax relief for small businesses. Read more
The Federal Budget 2026-27 arrives at a critical moment for Pakistan’s economy. After years of fiscal stress, inflationary pressure, external account uncertainty and repeated policy adjustments, the government has attempted to present a budget that balances three competing objectives: maintaining fiscal discipline, supporting vulnerable segments of society and creating limited space for economic revival. Read more
Pakistan’s equity market recovered during the week ended June 12, 2026, as the benchmark KSE-100 Index closed at 172,399.90, up from 170,478.94 a week earlier, gaining 1,920.96 points or 1.13% WoW. Read more
Pakistan has reaffirmed its focus on strengthening regional trade and investment partnerships by participating in the 10th China-South Asia Exposition and the 30th China Kunming Import and Export Fair in Kunming, Yunnan Province. Read more
The Federal Budget 2026-27 has been presented with a total outlay of Rs. 18.77 trillion, reflecting the Government's continued focus on fiscal consolidation, macroeconomic stability and compliance with commitments under the IMF programme. Read more
The Ministry of Energy (Petroleum Division) declared a reduction in petroleum product prices for the next week, effective from June 13, 2026. Read more
Pakistan’s mediation efforts between the United States and Iran have brought the peace process to a decisive stage, with a final mutually agreed text of the peace deal now in place between the two sides. Read more
Pakistan has completed the privatization of Pakistan International Airlines (PIA) and First Women Bank as part of the government's ongoing divestment programme, Finance Minister Senator Muhammad Aurangzeb said. Read more
The federal government has allocated Rs365 billion to the transport sector under the Public Sector Development Programme (PSDP) for fiscal year 2026-27 Read more
Pakistan has achieved significant milestones in the energy sector over the past year, with the government implementing far-reaching reforms aimed at strengthening energy security, reducing costs and ensuring long-term sustainability. Read more
A new tax scheme targeting small shopkeepers has been launched by the federal government, under which retailers with annual sales of Rs200m or less will be liable to pay a fixed tax of one percent on their declared turnover. Read more
Pakistan has achieved notable progress in the exploration and development of its oil and gas resources during FY2025-26, with investment in the exploration and production (E&P) sector expected to surpass $1 billion, Finance Minister Senator Muhammad Aurangzeb said while presenting the Federal Budget 2026-27 in the National Assembly on Friday. Read more
The Overseas Investors Chamber of Commerce and Industry (OICCI) has extended a qualified welcome to the Federal Budget 2025-26, describing it as a budget showing restraint and structural ambition under significant fiscal pressure, while raising pointed concerns over the unchecked expansion of the informal economy and unresolved tax burdens on the formal sector. Read more
The federal government has allocated Rs2.478bn for four ongoing projects of the Climate Change and Environmental Coordination Division under the Public Sector Development Programme (PSDP) 2026-27, which reflect its continued focus on climate resilience, environmental sustainability, green entrepreneurship and climate-smart urban planning. Read more
The federal government has allocated Rs530.273m in the Public Sector Development Programme (PSDP) for fiscal year 2026-27 to complete the modernization of the biometric identification system used for passport applications at the Directorate General of Immigration and Passports (I&P) headquarters in Islamabad. Read more
Finance and Revenue Minister Senator Muhammad Aurangzeb on Friday tabled the Finance Bill 2026 in the National Assembly, giving formal legislative shape to the federal government’s financial proposals for the fiscal year starting July 1, 2026, along with proposed amendments to existing laws. Read more
The Federal Board of Revenue (FBR) has officially released its comprehensive Tax Expenditure Report for Fiscal Year 2024-25, highlighting critical structural modifications in how national revenue losses are calculated. Read more
The automotive sector dominates Pakistan's customs duty relief architecture, drawing billions in localized concessions. Read more
A comprehensive breakdown of federal public finances reveals that Pakistan’s benchmark tax system lost an estimated Rs2.35tr due to sweeping tax exclusions, deductions, deferrals, and preferential rates granted to various sectors during the fiscal year 2024-25. Read more
Sales tax concessions and exemptions cost the federal government a staggering Rs1.27tr during the fiscal year 2024-25. This structural revenue loss accounts for the largest chunk of Pakistan’s overall tax expenditure, commanding 54.1% of the total federal revenue foregone. Read more
The federal budget for FY2026-27 has proposed revised income tax slabs for salaried individuals, offering relief across several income brackets through reduced rates compared to the outgoing fiscal year. Read more
The latest expenditure report reveals that developed nations typically allocate a much larger percentage of their Gross Domestic Product (GDP) towards tax relief and incentives compared to developing countries. Read more
To accurately quantify the fiscal cost of tax concessions across Income Tax, Sales Tax, and Customs Duty for Fiscal Year 2024-25, the Federal Board of Revenue (FBR) employs the widely recognized "revenue foregone" methodology. Read more
Tax expenditures are deliberate policy provisions within Pakistan's tax laws such as allowances, tax credits, tax exemptions, and tax rate relief that reduce the tax liability of specific individuals or businesses. Read more
The federal budget for fiscal year 2026-27 proposes imposition of federal excise duty on imported cars and SUVs with engine capacity above 2,000cc and up to 3,000cc, targeting the luxury vehicle segment as part of the government's revenue measures. Read more
Pakistan's economy has recorded significant improvement across key macroeconomic indicators over the past two years, the finance minister said while presenting the federal budget for fiscal year 2026-27 in the National Assembly on Friday the incumbent government's third consecutive budget. Read more
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has begun presenting the Federal Budget for FY2026-27 in the National Assembly, unveiling the government's fiscal strategy, taxation measures, and economic priorities for the upcoming financial year. Read more
The benchmark KSE-100 Index ended the week on a strong note, closing Friday's session at 172,399.90, up by 2,696.30 points or 1.59%, as investor sentiment improved on easing geopolitical concerns and optimism surrounding the unveiling of Pakistan's FY2026-27 federal budget. Read more
The Federal Board of Revenue (FBR) will convene a technical press briefing on the taxation measures announced in the Federal Budget 2026–27 today, 12 June 2026, shortly after the conclusion of the federal budget speech. Read more
The federal government’s proposed fiscal framework for FY2026-27 outlines a total outlay of Rs18.771 trillion alongside significant allocations toward debt servicing, defence, subsidies, and development spending, according to Budget documents. Read more
Shareholders of Millat Tractors Limited approved the sub-division of the company’s ordinary shares from Rs10 each to Rs5 each at an Extra Ordinary General Meeting held on June 05, 2026. Read more
Prime Minister Shehbaz Sharif thanked all those involved in preparing the Federal Budget 2026–27, as he approved its draft after presiding over a federal cabinet meeting in Islamabad where key fiscal proposals were reviewed ahead of the budget’s formal presentation. Read more
The Pakistani rupee further consolidated its gains against the US dollar on Friday, ending the interbank session at PKR 278.32 after appreciating 2.87 paisa, taking its cumulative gain in FY26 to nearly 2%. Read more
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| KSE100 | 175,644.21 129.55M | 1.88% 3244.30 |
| ALLSHR | 105,821.95 248.16M | 1.82% 1894.05 |
| KSE30 | 52,390.67 75.23M | 1.87% 962.51 |
| KMI30 | 251,540.02 69.88M | 1.94% 4796.94 |
| KMIALLSHR | 68,742.81 150.20M | 1.84% 1242.86 |
| BKTi | 47,767.06 16.43M | 1.69% 792.77 |
| OGTi | 35,580.76 2.85M | 1.13% 397.22 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 65,715.00 | 66,055.00 63,430.00 | 2055.00 3.23% |
| BRENT CRUDE | 83.24 | 85.93 83.04 | -4.09 -4.68% |
| RICHARDS BAY COAL MONTHLY | 123.00 | 0.00 0.00 | 3.75 3.14% |
| ROTTERDAM COAL MONTHLY | 131.00 | 0.00 0.00 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 80.55 | 82.42 80.00 | -4.33 -5.10% |
| SUGAR #11 WORLD | 13.70 | 0.00 0.00 | 0.00 0.00% |
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