MG Morning Breeze: Updates to Skim before Market
MG News | June 22, 2026 at 08:00 AM GMT+05:00
June 22, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The government is preparing to slash import duties and taxes on vehicles across various engine categories under a new five-year Auto Industry Development Policy, in a move aimed at opening up the automotive sector, boosting competition and making vehicles more affordable for consumers. Read more
The government has signalled a possible reduction in taxes and duties on imported mobile phones valued at up to $200, as lawmakers turned up the heat on authorities to provide relief to consumers during a meeting of the National Assembly Standing Committee on Finance. Read more
Pakistan's first standalone smartphone assembler is about to test the public market's appetite for a story built on a single customer relationship, a tax-sheltered new factory, and a balance sheet that has burned cash for two of the last three years while reporting a profit. Read more
Pakistan's financial regulatory landscape edged closer to a significant milestone as the Securities and Exchange Commission of Pakistan (SECP) advanced plans to establish the country's first dedicated Financial Services Dispute Resolution Centre (DRC). Read more
The benchmark KSE-100 Index closed the week ended June 19, 2026 at 178,922.76 points, up 6,522.86 points or 3.78% on a week-on-week basis from 172,399.90 points recorded on June 12, 2026. Read more
Weekly roundup of Key Economic releases and market data and statistics Read more
The government on Friday declared a steep reduction in petroleum product prices, with petrol price cut by Rs74 per litre and high-speed diesel (HSD) by Rs67 per litre, as it moved to pass on the benefits of falling international oil prices to consumers. Read more
The Pakistan Credit Rating Agency Limited (PSX:GEMPACRA) has resolved not to subscribe to the rights issue offered by Tasdeeq Information Services Limited (TISL). Read more
The Pakistani rupee edged up 0.77 paisa against the US dollar in the interbank market on Friday, settling at PKR 278.25 per USD against the previous close of PKR 278.26. Read more
The Pakistan Stock Exchange (PSX) witnessed a sharp sell-off on Friday as investors turned cautious amid renewed geopolitical uncertainty and profit-taking in heavyweight sectors, pushing the benchmark KSE-100 Index down by 2,475.46 points, or 1.36%, to close at 178,922.75. Read more
The Cabinet Committee on State-Owned Enterprises Cabinet Committee on State-Owned Enterprises approved a series of governance and board-related decisions on state entities during a meeting held at the Finance Division under the chairmanship of Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb. Read more
The Securities and Exchange Commission of Pakistan (SECP) approved the change of name from Pakgen Power Limited to Pakgen Limited, along with a change in principal line of business, as approved by shareholders at the Annual General Meeting held on April 27, 2026. Read more
TRG Pakistan Limited (PSX:TRG) has been informed that a US federal court in the Southern District of New York has issued a turnover order against Zia Chishti, former CEO of the company, in an enforcement proceeding relating to the recovery of a $9.1 million arbitration award in favour of The Resource Group International Limited (TRGI). Read more
Attock Refinery Limited's (PSX:ATRL) board of directors has approved the sale of a 70% stake in its wholly owned subsidiary, Attock Hospital (Private) Limited, to Shuaib A. Malik at a consideration of Rs305 million. Read more
Chairman of the Securities and Exchange Commission of Pakistan (SECP), Dr. Kabir Ahmed Sidhu, has said that professionals aligned with the evolving requirements of the financial sector will be developed to support the country's growing financial markets. Read more
Pakistan has decided to do away with conventional passports entirely and shift to a fully electronic system, as the government unveiled a broad package of reforms targeting document security, fraud prevention, and citizen convenience at a high-level meeting in Islamabad. Read more
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah-based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs3.74 trillion into the market, of which Rs3.17tr were injected through reverse repo OMO. Read more
Pakistan and Iran are poised to enter a new era of prosperity and economic cooperation following the signing of the Islamabad Memorandum of Understanding between Iran and the United States. Read more
Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs438,036 per tola, down Rs14,900. Read more
Collectorate of Customs Enforcement, Peshawar, realized Rs2.902 billion through the disposal and confiscation of gold, silver, and foreign currency in Financial Year 2025–26. Read more
Avanceon Limited (PSX:AVN) has secured multiple high-value projects across Qatar, the United Arab Emirates, and Saudi Arabia totalling $11.6 million. Read more
The Securities and Exchange Commission of Pakistan (SECP) has moved to strengthen alternative dispute resolution (ADR) mechanisms and arbitration systems for resolving business disputes, aiming to reduce the burden on courts and improve efficiency in commercial case handling. Read more
Pakistan and Germany have agreed to explore deeper bilateral cooperation in agriculture, livestock development, food security, research, and technology transfer. Read more
Pakistan's short-term inflation, measured by the Sensitive Price Indicator (SPI), increased by 0.46% for the week ended June 18, 2026, according to data released by the Pakistan Bureau of Statistics (PBS). Read more
Oil prices traded in a volatile range on Friday as market participants reacted to the collapse of planned U.S.-Iran talks in Switzerland, a development that added fresh uncertainty to already fragile diplomatic efforts aimed at securing a lasting peace agreement. Read more
Malaysia's debt capital market (DCM) is on track to reach $640 billion outstanding by end-2026, driven by modest growth on the back of rising non-sovereign borrowing, a deep domestic market, ringgit appreciation, and continued innovation including digital integration, according to Fitch Ratings. Read more
The SCRA balance increased by Rs283.34 million during the week ending Jun 12, 2026 to close at Rs27.20 billion. Read more
Gold prices declined on Friday, as a firming U.S. dollar and hawkish signals from the Federal Reserve continued to pressure the non-yielding metal. Read more
An uncertain and shifting monsoon pattern could pose serious risks to Pakistan’s agriculture sector and broader economic stability, experts warned on Thursday, stressing the need for proactive planning and stronger climate risk management frameworks. Read more
A commitment to maintaining a business-friendly fiscal environment while supporting agricultural productivity and supply chain efficiency was reiterated on Thursday, as proposals put forward by fertilizer sector stakeholders were assured due consideration. Read more
Pakistan's Supreme Court has partnered with the State Bank of Pakistan and 1LINK (Guarantee) Limited to introduce digital payment solutions for court fees. Read more
Pakistan’s industrial sector is set to receive renewed policy support as the federal and Punjab governments pledged closer cooperation to promote industrialization, expand exports, encourage local manufacturing, and strengthen small and medium enterprises (SMEs). Read more
Apple is set to raise prices across its product lineup as soaring memory and storage chip costs driven by intense AI-related demand from data centers leave the company with little room to absorb further increases. Read more
Efforts to maintain stable prices of essential commodities, improve market efficiency and strengthen consumer protection remained in focus as the government reviewed the latest inflation trends, commodity price movements and supply conditions across the country. Read more
Widening gaps in artificial intelligence spending are reshaping corporate competition, with businesses that invest heavily in AI pulling ahead of peers still relying on basic subscriptions or informal adoption turning AI access from a standard tool into a strategic differentiator. Read more
International Industries Limited (PSX:INIL) has secured shareholder approval to invest up to Rs500 million in CFS Minerals (Private) Limited. Read more
Asia-Pacific equity markets traded in mixed territory on Friday, with South Korean stocks leading regional gains as technology heavyweights continued their record-breaking advance, while investors closely monitored developments surrounding the United States-brokered agreement with Iran and renewed pressure on the Japanese yen. Read more
Hyundai Motor Group is set to deploy a green hydrogen energy system at South Korea's Antarctic research station, replacing diesel generators with a clean power solution designed to support long-term scientific operations in one of the world's most remote environments. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 179,953.96 47.72M | 0.58% 1031.20 |
| ALLSHR | 108,455.93 164.06M | 0.56% 605.67 |
| KSE30 | 53,607.91 32.64M | 0.56% 298.96 |
| KMI30 | 256,766.12 31.67M | 0.62% 1572.95 |
| KMIALLSHR | 70,381.68 89.17M | 0.61% 425.87 |
| BKTi | 49,036.05 3.70M | 0.40% 196.12 |
| OGTi | 36,721.27 2.07M | 0.74% 271.22 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 63,960.00 | 64,825.00 62,315.00 | 1015.00 1.61% |
| BRENT CRUDE | 79.20 | 82.30 78.69 | -1.37 -1.70% |
| RICHARDS BAY COAL MONTHLY | 115.00 | 0.00 0.00 | 0.00 0.00% |
| ROTTERDAM COAL MONTHLY | 125.50 | 0.00 0.00 | -0.65 -0.52% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 75.47 | 78.14 74.98 | -0.38 -0.50% |
| SUGAR #11 WORLD | 14.14 | 0.00 0.00 | 0.01 0.07% |
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