MG Morning Breeze: Updates to Skim before Market
MG News | June 24, 2026 at 08:52 AM GMT+05:00
June 24, 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 an auction for the outright purchase of Government of Pakistan Ijarah Sukuk (GIS) on a deferred payment (Bai Muajjal) basis, with a sukuk delivery date of June 24, 2026. Read more
The State Bank of Pakistan (SBP) conducted two government securities auctions, with a settlement date of June 24, 2026, a Market Treasury Bills (MTBs) auction and a 10-Year Floating Rate Pakistan Investment Bond (PFL) Semi-Annual auction. Read more
Pakistan stands to save $3.239 billion over 26 years including $2.113 billion in foreign currency by converting the Jamshoro Unit-01 power plant from imported coal to 100% indigenous Thar lignite. Read more
Pakistan's broad money supply (M3) rebounded in May 2026, reversing the marginal contraction seen in April, as a surge in transferable deposits and expanding National Savings balances drove liquidity higher on both a monthly and annual basis. Read more
Three trading sessions have wiped roughly $600bn from SpaceX's market capitalization following the company's announcement of its inaugural bond offering a decline that erased value equivalent to nearly half of Bitcoin's entire $1.3tr market cap. Read more
Reliance Cotton Spinning Mills Limited (RCML) will be delisted from the Pakistan Stock Exchange (PSX) effective Monday, June 29, 2026, following its merger and amalgamation with Sapphire Fibres Limited (SFL). Read more
Pakistan's National Assembly on Tuesday passed the Finance Bill 2026, giving effect to the federal budget for fiscal year 2026-27 worth Rs18.77tr, as opposition lawmakers staged a walkout amid sharp exchanges over democracy, governance and the role of state institutions. Read more
The Pakistan Stock Exchange (PSX) remained under pressure on Tuesday as persistent profit-taking in heavyweight banking and fertilizer stocks outweighed gains in the energy sector, pushing the benchmark KSE-100 Index lower for a second consecutive session. Read more
The State Bank of Pakistan (SBP) has released the advance calendar for Monetary Policy Committee (MPC) meetings for FY27, as part of its continued efforts to bring greater transparency and predictability to monetary policy formulation. Read more
The Pakistani rupee continued its upward trajectory against the US dollar in Tuesday's interbank session, appreciating 0.94 paisa to settle at PKR 278.21 per USD, as against the previous close of 278.22 showing persistent buying momentum in the local currency. Read more
Saudi Pak Consultancy Company Limited (PSX: SPCL) has disclosed a bid by JD Taurus (Private) Limited to acquire 35.06% of the company's issued paid-up capital under the Securities Act, 2015, pursuant to a direction from the Securities and Exchange Commission of Pakistan (SECP). Read more
The Special Investment Facilitation Council (SIFC) has approved the Machike–Thallian–Tarru Jabba White Oil Pipeline (WOP), establishing a critical south-to-north corridor for white oil transportation across the country and marking a significant step toward modernizing Pakistan's energy infrastructure. Read more
Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs432,236 per tola, down Rs10,400. Read more
Quice Food Industries Limited's (PSX:QUICE) shareholders approved a special resolution endorsing a scheme of arrangement to amalgamate and merge Indus Fruit Products Limited into Quice Food Industries, subject to the approval of the High Court of Sindh. Read more
Pakistan PVC Limited (PSX:PPVC) has clarified its position regarding an order dated May 4, 2026, issued by the Benami Transaction Adjudicating Authority, Bench-I Islamabad, in the matter of The State Versus Ensena Holding FZC, UAE & Others. Read more
Sakrand Sugar Mills Limited (PSX: SKRS) has approved, in principle, a comprehensive revival and restructuring plan aimed at improving operations, liquidity position, debt management, and long-term shareholder value, according to a disclosure submitted to the Pakistan Stock Exchange (PSX) today. Read more
The State Bank of Pakistan will remain closed on June 25 and 26, 2026 (Thursday and Friday) on the occasion of Ashura 9th and 10th Moharram 1448 A.H. as declared by the Government of Pakistan. Read more
Mari Energies Limited (PSX: MARI) has commenced gas supply of up to 30 million standard cubic feet per day (MMscfd) from its Shams-1 discovery to Sui Northern Gas Pipelines Limited (SNGPL), according to a disclosure submitted to the Pakistan Stock Exchange (PSX). Read more
Institutional coordination between federal and provincial authorities is set to be strengthened to address marine pollution and safeguard coastal ecosystems, with both sides emphasizing closer collaboration on environmental management and maritime sustainability along Pakistan's coastline. Read more
The State Bank of Pakistan (SBP) has decided to include non-bank investors including corporates, funds, and individuals as eligible participants in outright purchase and sale auctions of GOP Sukuk, conducted on Bai-Muajjal basis. Read more
Pakistan's parliament has cleared a sweeping Finance Bill for fiscal year 2026-27 that hands the Federal Board of Revenue sweeping new tools to identify and penalise tax evaders, from algorithm-driven audit settlements to covert, faceless tax officers whose identities must by law remain hidden from the companies they investigate Read more
Pakistan and Türkiye have moved to deepen their bilateral ties, with the two sides holding high-level talks focused on expanding cooperation in energy, investment, and strategic partnerships. Read more
Oil prices edged slightly higher in early Tuesday trade, swinging between gains and losses as markets weighed cautious optimism over a possible easing of tensions in the Middle East. Read more
SECP has granted approval to LSE SPAC-II Limited, a subsidiary of LSE Capital Limited (PSX: LSECL), for issuance, circulation and publication of the Prospectus for a Pre-Initial Public Offering (Pre-IPO) of 18,000,000 Ordinary Shares and an Initial Public Offering (IPO) of 2,000,000 Ordinary Shares. Read more
The All Pakistan Textile Mills Association (APTMA) and the Pakistan Cotton Ginners Association (PCGA) have signed a landmark Memorandum of Understanding (MoU). Read more
Iranian President Masoud Pezeshkian arrived in Pakistan today on a state visit at the invitation of Prime Minister Shehbaz Sharif, leading a high-level delegation. Read more
The government has decided to discontinue the fuel subsidy programme for motorcyclists, small farmers, public transport operators, and goods transporters after reviewing the decline in global fuel prices and the relief already passed on to consumers. Read more
Gold prices retreated on Tuesday as a strengthening U.S. dollar dimmed the metal's appeal, while easing geopolitical tensions following preliminary U.S.-Iran peace negotiations further pressured safe-haven demand. Read more
The government of Pakistan has acquired an additional debt of Rs624.75 billion during the week ended June 12, 2026, which brings its total net borrowing for ongoing fiscal year 2026 to Rs1.74 trillion, according to the central bank's weekly estimates. Read more
The State Bank of Pakistan (SBP) has revoked the authorization of Time Exchange Company (Pvt.) Ltd., citing serious violations of regulatory instructions, in its latest move to tighten oversight of the country's foreign exchange market. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs777.99 billion WoW to Rs44.23 trillion as of June 12, 2026, data released by State Bank of Pakistan (SBP) showed. Read more
Oil and Gas Development Company Limited (PSX:OGDC) has successfully commenced gas production from the Sahito-1 discovery well in the Khewari Exploration License, located in District Khairpur, Sindh Province. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. Read more
Asian markets turned broadly negative on Tuesday after trimming early gains, with South Korean stocks suffering the steepest declines across the region amid a broader risk-off mood. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 178,250.76 85.93M | 0.31% 557.84 |
| ALLSHR | 107,812.04 134.82M | 0.26% 284.64 |
| KSE30 | 53,145.42 15.06M | 0.23% 122.54 |
| KMI30 | 255,457.35 16.76M | 0.26% 668.08 |
| KMIALLSHR | 70,189.89 112.37M | 0.36% 252.75 |
| BKTi | 48,112.44 1.22M | 0.30% 145.80 |
| OGTi | 36,882.00 0.34M | 0.13% 48.33 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 62,650.00 | 63,045.00 62,390.00 | 285.00 0.46% |
| BRENT CRUDE | 76.52 | 76.91 75.94 | -0.56 -0.73% |
| RICHARDS BAY COAL MONTHLY | 115.00 | 0.00 0.00 | 0.00 0.00% |
| ROTTERDAM COAL MONTHLY | 125.90 | 125.90 125.90 | -0.15 -0.12% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 72.70 | 73.18 72.07 | -0.51 -0.70% |
| SUGAR #11 WORLD | 13.93 | 14.03 13.75 | 0.09 0.65% |
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