MG Morning Breeze: Updates to Skim before Market

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MG News | June 18, 2026 at 08:25 AM GMT+05:00

June 18, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

The State Bank of Pakistan (SBP) conducted a government securities auction, with a settlement date of June 18, 2026, for the sale of Fixed Rate Pakistan Investment Bonds (PIBs). Read more

The federal budget for FY2026-27 has been designed as a relief-oriented package aimed at supporting the working class, industrial sector, exporters, construction industry, women, youth and low-income groups, while also expanding the tax net and maintaining economic growth, Minister of State for Finance and Railways Bilal Azhar Kiyani said on Wednesday. Read more

The government has created fiscal space through economic stability, tax reforms and effective enforcement, enabling it to provide substantial relief to salaried individuals, exporters, industry, housing, agriculture, information technology and youth in the Federal Budget 2026–27, Federal Minister for Information and Broadcasting Attaullah Tarar said on Wednesday. Read more

Pakistan is planning to establish a dedicated Green University to develop climate-resilient human capital and drive green innovation as part of the country's transition toward a sustainable, low-carbon economy. Read more

Pakistan Single Window (PSW) has been named among the three winners of the Asia-Pacific Trade Facilitation Innovation Awards 2026. Read more

A new electricity bill format has been introduced across Pakistan by electricity distribution companies (DISCOs), showing the Ministry of Energy (Power Division)’s consumer-focused reform initiative aimed at enhancing transparency, readability, and overall customer experience. Read more

Farmers across the province have been offered a 60% subsidy on Super Seeders and Pak Seeders under the Chief Minister’s Punjab Clean Air Program, as part of efforts to promote eco-friendly agricultural practices and reduce smog caused by crop residue burning. Read more

Wafi Energy Pakistan Limited (PSX:WAFI) has reappointed Ghassan Al Almoudi as Chairperson and Zubair Shaikh as Chief Executive Officer, each for a further three-year term effective June 16, 2026, ensuring continuity in the company's governance and strategic direction. Read more

Members of the National Assembly on Wednesday continued the general debate on the federal Budget 2026-27, with treasury lawmakers describing it as the best possible financial plan under prevailing economic constraints, while opposition members called for enhanced public relief, salary increases, institutional reforms, and greater support for the agriculture sector. Read more

The Pakistani rupee posted a marginal gain against the US dollar in the interbank market on Wednesday, appreciating by 2.98 paisa to close at PKR 278.27 per dollar, compared with the previous day's closing level of PKR 278.30. Read more

Pakistan's power generation edged down 0.9% year-on-year to 12,638 GWh in May 2026, from 12,755 GWh in the corresponding month last year. Read more

Pakistan is advancing towards an artificial intelligence-driven governance framework, with a new digital platform designed to improve transparency, efficiency, and coordination across federal ministries through real-time monitoring and integrated decision-making. Read more

Pakistan's information technology exports clocked $373 million in May 2026, a 13% increase year-on-year. Read more

LSE SPAC-I Limited (PSX: SPAC1), together with the Target Company, has jointly filed a petition before the Honorable Lahore High Court seeking approval and sanction of the proposed merger with Ningbo Green Light Energy Limited through a Scheme of Arrangement and Reconstruction. Read more

The Pakistan Stock Exchange (PSX) witnessed a volatile session on Wednesday as investors opted for profit-taking following the strong gains recorded over the previous two trading sessions. Read more

ITANZ Technologies Limited has secured a long-term contract for a digital transformation program for a leading wholesale distribution conglomerate headquartered in the United Arab Emirates, according to a PSX disclosure. Read more

Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs455,236 per tola, up Rs100. Read more

Pakistan's import payments through banks rose to $5.71 billion in May 2026 (provisional), up 4.6% from $5.46bn in May 2025, according to data released by the State Bank of Pakistan. Read more

The country's total textile exports drop up by 11.5% YoY to $1.25bn in May 2026, data released by the State Bank of Pakistan (SBP) showed. Read more

The U. S. A. remained the top export destination for Pakistan during May, with $461.25 million worth of shipments, down by 10.6% against the exports of $516.16m in same period last year. Read more

Pakistan’s Power Sector witnessed the highest net Foreign Direct Investment (FDI) worth $85.8 million in May 2026, as per the latest data released by the State Bank of Pakistan (SBP). Read more

China emerged as the largest investor in Pakistan in May 2026, with a net direct investment of $79.3m, followed by the U.A.E and Hongkong which invested $50.5m and $27.1m respectively,according to the data issued by the State Bank of Pakistan (SBP). Read more

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during May, followed by U. A. E. Dubai, U. S. A., and Saudi Arabia. Read more

Prime Minister Muhammad Shehbaz Sharif has pledged renewed resolve to fight land degradation, desertification and drought, stressing that protecting and restoring Pakistan's natural resources demands urgent and coordinated action as climate pressures continue to mount. Read more

Chairman of the Securities and Exchange Commission of Pakistan (SECP), Dr. Kabir Ahmed Sidhu, said that the effective use of financial technology will make investment in the capital market easier, safer, and accessible to every Pakistani, enabling ordinary citizens to participate in the country’s economic growth and wealth creation. Read more

Falling crude oil prices, driven by expectations that Iranian petroleum exports could return to global markets, showed potential relief for inflation and pulled government bond yields lower on Wednesday, while equity markets and currencies held relatively steady as investors awaited the first Federal Reserve policy meeting under newly appointed chair Kevin Warsh. Read more

Gold prices extended their winning streak, buoyed by optimism surrounding a U.S.-Iran peace agreement that tempered expectations of further U.S. interest rate hikes, as markets braced for the Federal Reserve's policy decision. Read more

Fertilizer consumption in Pakistan recorded a mixed performance in May 2026, as overall nutrient offtake declined by 4.5% year-on-year to 299,000 tonnes, according to the Monthly Fertilizer Review released by the National Fertilizer Development Centre (NFDC). Read more

Federal Public Sector Development Programme (PSDP) expenditure stood at Rs529.82 billion during July–May of FY2025-26, against a total allocation of Rs837.16bn and an authorisation of Rs835.64bn. Read more

Pakistan recorded a net foreign direct investment (FDI) inflow of $214m in May 2026, down 7.8% from $232m in the same month last year, according to data released by the State Bank of Pakistan. Read more

Asian markets were poised for a mixed open on Wednesday, with easing geopolitical tensions in the Middle East offering some support even as investors braced for the U.S. Federal Reserve's interest rate decision later in the day. Read more

The service sector of Pakistan posed a trade surplus of $28 million in May, reflecting a decline of 15.15% MoM, as compared to a surplus of $33m recorded in the previous month, the latest data released by the State Bank of Pakistan (SBP) showed. Read more

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

Automobile financing in Pakistan has increased to Rs369.12bn in May 2026, witnessing a rise of 2.65% MoM compared to Rs359.58bn recorded in April 2026, according to the latest data released by the central bank. Read more

Pakistan's real effective exchange rate (REER) rose to 106.15 in May 2026, compared to 105.84 in April 2026, reflecting a 0.30% MoM increase and an 8.54% YoY rise from 97.79 in May 2025. Read more

Pakistan’s leading digital bank, easypaisa, in collaboration with the Pakistan Airports Authority (PAA) and the State Bank of Pakistan (SBP), has undertaken a significant step toward digitizing various consumer payment touchpoints at Islamabad International Airport. Read more

Pakistan has recorded a current account surplus of $459 million, the latest data issued by the State Bank of Pakistan (SBP) revealed today. Read more

The Economic Coordination Committee (ECC) of the Cabinet approved a summary submitted by the Ministry of National Food Security and Research for continuation of gas supply arrangements for the SNGPL-based urea manufacturing plants, FatimaFert and Agritech, up to June 30, 2026. Read more

Attock Refinery Limited (PSX: ATRL) has received an offer from its Chairman and Director, Shuaib A. Malik, to acquire a 70% shareholding in its wholly owned subsidiary, Attock Hospital (Private) Limited, the company informed the Pakistan Stock Exchange (PSX) on Wednesday. Read more

The Pakistan Stock Exchange (PSX) will remain closed on Thursday, June 25, and Friday, June 26, 2026, in observance of Ashura, corresponding to the 9th and 10th of Muharram 1448 A.H. Read more

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