MG Morning Breeze: Updates to Skim before Market
MG News | June 17, 2026 at 07:53 AM GMT+05:00
June 17, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Oil prices slid to their lowest level in three months on Tuesday, with markets reacting to progress toward a US-Iran agreement that could reopen the Strait of Hormuz to international shipping. Read more
Boosting investment, expanding exports, and fostering innovation are critical to achieving sustainable economic growth and creating employment opportunities in Pakistan, Federal Minister for Board of Investment (BOI) Qaiser Ahmed Sheikh said on Tuesday. Read more
The Benazir Income Support Programme has so far handed out 150,000 SIMs to registered beneficiaries across Sargodha District and its constituent tehsils, with the remainder of the targeted 210,000 SIMs set to be distributed before the close of June. Read more
Pakistan is set to accelerate its halal meat export ambitions under a broad transformation plan aimed at strengthening the livestock sector and expanding global market share, with officials targeting exports of around $700m by 2028. Read more
Deputy Prime Minister Ishaq Dar has reaffirmed that expanding trade and investment relationships lies at the heart of Pakistan's foreign policy agenda, calling for accelerated progress on pending economic cooperation initiatives with the country's key bilateral partners. Read more
Pakistan's trade deficit narrowed sharply on a month-on-month basis in May 2026, contracting 34.93% MoM to $2.79bn, compared to $4.28bn recorded in April 2026, according to provisional data released by the Pakistan Bureau of Statistics (PBS). Read more
Earnings estimates for Millat Tractors Limited (MTL) have been revised upward by an average of approximately 45% for FY26E–FY28F to Rs49.1, Rs68.5, and Rs77.9 per share, from earlier projections of Rs29.1, Rs35.2, and Rs42.6 per share respectively, driven by higher-than-expected gross profit margins, according to Topline Securities. Read more
The benchmark KSE-100 Index extended its rally on Tuesday, closing at 180,392.97, up by 3,353.15 points or 1.89%, as investor confidence remained strong amid easing geopolitical tensions, optimism surrounding the FY2026-27 federal budget, and expectations of continued macroeconomic stability. Read more
The Pakistani rupee edged up 0.84 paisa against the US dollar in Tuesday's interbank session, settling at PKR 278.30 per USD against the previous close of 278.31. Read more
The Punjab government has formally approved its budget for the fiscal year 2026–27 following the 35th meeting of the provincial cabinet held on Tuesday. Read more
Prime Minister Shehbaz Sharif has instructed relevant authorities to accelerate implementation of the 100 Megawatt Solar Power Project for Gilgit-Baltistan, directing that the initiative be brought to completion without delay. Read more
A civil court in Karachi has intervened in the proposed merger of listed company Quice Food Industries Limited with Indus Fruit Products Limited, ordering judicial supervision of an Extraordinary General Meeting (EOGM) after minority shareholders raised concerns over transparency and potential dilution of their voting rights. Read more
The National Assembly continued its deliberations on the proposed federal budget for the upcoming financial year on Tuesday, with ministers defending government priorities and opposition members raising concerns over what they described as gaps in the fiscal plan. Read more
Gold prices edged higher on Tuesday as easing geopolitical tensions in the Middle East reduced expectations of further U.S. monetary tightening, while investors turned their attention to the upcoming U.S. Federal Reserve policy declaration. Read more
The State Bank of Pakistan (SBP) has revised its criteria for the conversion of conventional banking branches into Islamic banking branches, streamlining the process to facilitate faster industry-wide transition. Read more
Pakistan is set to slash retail fuel prices in its upcoming fortnightly review, with estimates pointing to reductions of up to Rs20 per litre on petrol and as much as Rs35 per litre on high-speed diesel, driven by a steep decline in international petroleum product prices. Read more
The benchmark KSE-100 Index continued its rally on Tuesday, gaining 3,285.41 points or 1.86% to reach 180,325.23 as of 12:38pm, supported by broad-based buying amid improving geopolitical sentiment and optimism surrounding the government's business-friendly FY2026-27 budget. Read more
Pakistan has established a robust constitutional framework to protect women's rights under Articles 25 and 34, but the "Pakistan Freedom Report 2026" exposes a stark, enduring divide between legislative milestones and the daily economic, digital, and social realities faced by women across the nation. Read more
Pakistan has rapidly evolved into one of South Asia's largest digitally connected societies, but the newly released "Pakistan Freedom Report 2026" reveals a complex "Digital Paradox." Read more
Securities and Exchange Commission of Pakistan (SECP) Chairman Dr. Kabir Ahmed Sidhu has said expanding the country's investor base to 2.5 million was a key priority, as the regulator unveiled a broad range of reforms aimed at transforming Pakistan's capital markets into a modern, transparent and public-friendly ecosystem. Read more
Select Technologies Limited is set to launch its Initial Public Offering through the Book Building method on the Pakistan Stock Exchange, with both SECP and PSX having approved the issuance and publication of its Prospectus. Read more
As part of its commitment to advancing digitalization for economic and market development in Pakistan, Karandaaz Pakistan hosted a report launch and stakeholder dialogue, Digitalizing Transactions: Insights on E-Invoicing and Agri Spot Trading in Pakistan. Read more
Karandaaz Pakistan and the Better Than Cash Alliance, hosted by the United Nations Development Programme (UNDP) are formally collaborating to accelerate digital merchant payments in Pakistan. Read more
Pakistan and the United Kingdom reaffirmed their commitment to strengthening economic cooperation and sustaining engagement on reform, growth, and regional stability during a high-level meeting held in Islamabad between Finance Minister Senator Muhammad Aurangzeb and UK Parliamentary Under-Secretary of State for the Middle East, Afghanistan and Pakistan Hamish Falconer. Read more
Oil prices remained steady on Tuesday as markets tempered Monday's sharp sell-off, with traders questioning the durability of a preliminary U.S.-Iran agreement and growing skeptical that crude flows through the Strait of Hormuz would normalize anytime soon. Read more
The government of Pakistan has retired a debt of Rs54.59 billion during the week ended June 05, 2026, which brings its total net borrowing for ongoing fiscal year 2026 to Rs1.12 trillion, according to the central bank's weekly estimates. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs390.6 billion WoW to Rs43.45 trillion as of June 05, 2026, data released by State Bank of Pakistan (SBP) showed. Read more
Improved economic projections for FY2027 are on the horizon following the conclusion of the Iran war, though any formal revision to the budget remains premature, Finance Minister Muhammad Aurangzeb said on Monday hours after the US and Iran signed a deal to end the fighting. Read more
Fitch Ratings has flagged heightened risks of economic disruption across multiple sovereigns as a newly formed El Niño weather phenomenon is projected to persist into early 2027, with lower-rated countries seen as most exposed to resulting fiscal, growth, inflation, and external liquidity pressures. Read more
Service Long March Tyres Limited (SLM), Pakistan’s largest Truck and Bus Radial (TBR) tyre manufacturer, has successfully completed its Initial Public Offering (IPO), attracting unprecedented investor participation and setting multiple new benchmarks in Pakistan’s capital markets. Read more
Jewellers across Karachi's major commercial areas including Tariq Road, Saddar, and Clifton have shut their shops on Tuesday in protest against what the community termed unlawful raids by the Federal Board of Revenue (FBR). Read more
Pakistan Mercantile Exchange Limited (PMEX) and the International Finance Corporation have signed a cooperation agreement aimed at accelerating the development of Pakistan’s agricultural commodities futures market and promoting the implementation of the Electronic Warehouse Receipt (EWR) system. Read more
The overall Business Confidence Index (BCI) rose by 1.4 points to 48.2 in June 2026, the latest results of the Business Confidence Survey (BCS), conducted by the State Bank of Pakistan (SBP) in collaboration with the Institute of Business Administration (IBA), showed. Read more
Asian markets opened on a mixed note on Tuesday as investors evaluated the implications of a preliminary agreement between the United States and Iran aimed at ending the recent conflict in the Middle East. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. Read more
The Consumer Confidence Index (CCI) in Pakistan remained broadly stable at 36.1 points in June 2026, up from 35.5 points in May 2026, according to a survey report released by the State Bank of Pakistan (SBP). Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 181,282.13 5.09M | 0.49% 889.15 |
| ALLSHR | 108,164.81 1,218.64M | 1.62% 1725.65 |
| KSE30 | 54,187.90 1.97M | 0.49% 266.49 |
| KMI30 | 256,900.46 245.46M | 1.35% 3425.80 |
| KMIALLSHR | 69,949.43 735.02M | 1.15% 794.76 |
| BKTi | 50,121.20 0.16M | 0.41% 206.50 |
| OGTi | 36,322.92 15.57M | 1.25% 446.83 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 65,860.00 | 66,160.00 65,475.00 | 160.00 0.24% |
| BRENT CRUDE | 78.66 | 79.57 78.38 | -0.30 -0.38% |
| RICHARDS BAY COAL MONTHLY | 123.00 | 0.00 0.00 | 5.25 4.46% |
| ROTTERDAM COAL MONTHLY | 125.50 | 125.50 125.00 | -0.45 -0.36% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 75.04 | 76.06 74.72 | -5.71 -7.07% |
| SUGAR #11 WORLD | 14.29 | 14.35 14.04 | 0.10 0.70% |
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