MG Morning Breeze: Updates to Skim before Market

June 30, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP reserves fall $1.3bn to $15.92bn

SBP reserves fall $1.3bn on external debt repayments; subsequent inflows to show in June-end position. Read more

• SPSL distances itself from Go Petroleum scandal

Sitara Petroleum Service Limited (PSX: SPSL) on Monday clarified that it operates exclusively as an authorised dealer running a nationwide retail fuel-station network and does not import or procure petroleum products from refineries, effectively ring-fencing the listed company from a sprawling Federal Investigation Agency case that has rattled Pakistan's oil marketing sector. Read more

• PIACL privatization hits first financial closing milestone

Pakistan completed the first financial closing of the privatization of Pakistan International Airlines Corp. Ltd. (PIACL), with management control of the national carrier formally transferred to the Arif Habib-led buyer consortium. Read more

• PSX IPOs cross Rs20bn as SECP approves 10 listings

The Securities and Exchange Commission of Pakistan (SECP) approved 10 Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) during the first half of 2026, with nine companies successfully completing their offerings and raising more than Rs20bn through public issues. Read more

• PSX Closing Bell: Sinks Deeper into the Red

The Pakistan Stock Exchange (PSX) remained under pressure on Monday, with the benchmark KSE-100 Index closing lower by more than 1,150 points as renewed geopolitical tensions in the Middle East, rising international oil prices and profit-taking in heavyweight sectors weighed on investor sentiment. Read more

• PKR extends gains against USD

The Pakistani rupee extended gains against the US dollar in Monday's interbank session, appreciating 2.94 paisa or 0.01% to close at PKR 278.17 per USD, against the prior session's close of PKR 278.20. Read more

• Mughal Energy early settles Rs1.8bn long-term loan

Mughal Energy Limited has early settled Rs1,858.3 million of its outstanding long-term loan, with the remaining Rs661.67 million to continue as per previously agreed terms and conditions. Read more

• SLM Tyres expands truck, bus radial tyre capacity by 25%

Service Long March Tyres Limited (PSX:SLM) has enhanced its production capacity for Truck and Bus Radial tyres from 1.6 million tyres per annum to 2 million tyres per annum, representing an increase of approximately 25%. Read more

• Ownership shake-up looms at Saudi Pak Consultancy

A significant ownership shake-up is underway at Saudi Pak Consultancy Company Limited (PSX: SPCL), as Syed Sabur Rehman has formally declared his intention to acquire 35.06% of the company’s issued and paid-up capital. Read more

• Gold price in Pakistan falls Rs2,300 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs428,936 per tola, down Rs2,300. Read more

• Service Industries proposes 10-for-1 stock split

The Board of Directors of Service Industries Limited (PSX: SRVI) in its meeting held on June 29, 2026 approved the sub-division of the face value of the company's shares from Rs10/- per share to Rs1/- per share, i.e., in the ratio of 10 ordinary shares for every 1 existing ordinary share held. Read more

• EFU Life Assurance considers acquisition of Waada Digital

EFU Life Assurance Limited (PSX:EFUL) is considering a potential acquisition of Waada Digital (Private) Limited, following approval from its Board of Directors. Read more

• PACRA maintains BAHL's AAA, stable outlook

Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of Bank AL Habib Limited (PSX: BAHL) at AAA for long-term and A1+ for short-term, with a Stable outlook, as of June 23, 2026. Read more

• Punjab clears four-year logjam on 'Employee Benefit Trust'

Punjab has enacted a legislative fix to one of Pakistan's most persistent corporate compliance headaches, promulgating the Punjab Trusts (Amendment) Act, 2026 to break a registration deadlock that had paralysed thousands of employer-managed benefit funds since amendments to the Punjab / Sindh Trust Act, 2020 took effect in 2022, according to a regulatory brief published by tax and corporate advisory firm Hemani & Associates. Read more

• PACRA maintains MCB Bank's short-term rating at A1+

MCB Bank Limited has had its entity ratings maintained by the Pakistan Credit Rating Agency (PACRA) at AAA for long-term and A1+ for short-term, with a stable outlook, reflecting the bank's solid financial profile, stable deposit franchise, and consistent earnings generation. Read more

• PACRA maintains NBP's AAA long-term rating with stable outlook

The Pakistan Credit Rating Agency (PACRA) maintained the entity ratings of National Bank of Pakistan (NBP), assigning a long-term rating of AAA and a short-term rating of A1+ with a stable outlook. Read more

• OGDC brings Bobi Deep-1 into production

Oil & Gas Development Company Limited (PSX:OGDC) has commenced production from the Bobi Deep-1 well in District Sanghar, Sindh, following an oil discovery at the Massive Sand of the Lower Goru Formation disclosed on June 3, 2026. Read more

• SGPL completes pharma transition

S.G. Power Limited (PSX: SGPL) has completed the requisite corporate and regulatory formalities relating to a change in its principal line of business, transitioning from Power Generation Allied (Other) to Pharmaceutical Allied (Healthcare Sector). Read more

• Gold eases amid rising oil prices

Gold prices edged lower on Monday as renewed military tensions between the United States and Iran lifted crude oil prices, strengthening expectations that inflation could remain elevated and prompting investors to reassess the outlook for U.S. interest rates. Read more

• KPT sets all-time cargo record

Karachi Port Trust (KPT) has achieved the highest annual cargo handling volume in its 138-year history, surpassing its previous all-time record of 54.685 million tonnes during the current fiscal year. Read more

• Pakistan’s digital payments hit 3.7bn transactions in Q3FY26

Pakistan's digital payments ecosystem continued its rapid expansion during the third quarter of FY26, with retail transactions conducted through formal banking and payment channels reaching 3.7 billion. Read more

• ENGROH's growth story points to Rs359 per share

Engro Holdings Limited (ENGROH) is projected to reach a target price of Rs359 per share from its current market price of Rs284, a total upside of 25% for June 2027, as the company's expanding telecom tower portfolio and favorable fertilizer dynamics position it for sustained earnings growth. Read more

• Exide Pakistan profit drops 30% in FY26

Exide Pakistan Limited (PSX: EXIDE) recorded a 30% decline in its net profit for the year ended March 31, 2026, with profit after taxation falling to Rs431.55m from Rs614.37m in the corresponding period last year. Read more

• NBP issues foreign exchange rates

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

• Asian markets mixed as Middle East tensions flare

Asian markets traded mixed on Monday as investors reacted to renewed military escalation between the United States and Iran, while monitoring the potential impact on global energy supplies and financial markets. Read more

• Oil climbs to $72 on renewed U.S.-Iran military strikes

Oil prices ticked higher on Monday after fresh military exchanges between the United States and Iran over the weekend revived concerns over crude supplies from the Middle East. Read more

• Karandaaz backs Women’s financial inclusion

Moving beyond isolated interventions toward system-level integration, Karandaaz Pakistan has intensified its push to embed gender equity across the national digital and financial ecosystem. Read more

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