MG Morning Breeze: Updates to Skim before Market

July 01, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP to launch redesigned website from July 1

The State Bank of Pakistan will roll out its redesigned official website on 1st July, accessible to all stakeholders, offering a faster and more user-friendly digital experience for citizens, businesses, financial institutions, researchers and journalists. Read more

• Labour rights key to green transition

Key policymakers, labour representatives, researchers and development partners on Tuesday called for a worker-centric approach to Pakistan's transition towards a low-carbon economy, stressing that climate action must go hand in hand with decent employment, social protection and inclusive policymaking. Read more

• Amreli Steels extends SITE rolling mill shutdown by another year

Amreli Steels Limited (PSX: ASTL) has extended the suspension of operations at its SITE Rolling Mill (SRM) for another year, citing persistent weak market conditions and challenging economic factors that continue to weigh on the steel industry. Read more

• SBP maintains remuneration rate on Special Cash Reserve Account for July

The State Bank of Pakistan (SBP) has slightly increased the rate of remuneration on the Special Cash Reserve Account (US$) to 2.65% for July 2026 from 2.62% in June 2026. The rate matches the level seen in May 2026 but remains below 3.32% recorded in July 2025. Read more

• Inflation projected at 11% in June

Inflation is projected to remain within the range of 11-12% for June 2026, as easing geopolitical tensions amid ongoing Middle East peace efforts improve global market sentiment and pull international crude oil prices down from recent highs, the Finance Division said in its Monthly Economic Update & Outlook for June 2026. Read more

• Banks cannot freeze accounts without legal approval: SBP

The State Bank of Pakistan (SBP) has instructed all banks and microfinance banks not to impose debit blocks, operational restrictions, or freeze customer accounts without lawful authority, proper approval, and due verification, in line with directives issued by the Islamabad High Court (IHC). Read more

• OMV Petrom receives first batch of panels for four solar parks

The first batch of photovoltaic panels destined for four solar parks being built in Isalnita, Tismana and Rovinari has reached Romania, part of a total shipment of roughly 800,000 panels for the projects. Read more

• China unveils new HPC software platform

China has introduced a new software platform designed to reduce its dependence on foreign computing ecosystems and strengthen the country's self-reliance in high-performance computing (HPC), marking a significant step toward building a fully indigenous scientific computing environment. Read more

• CDNS achieves around Rs1.4tr savings target for FY26

The Central Directorate of National Savings (CDNS) has achieved its annual savings mobilization target of Rs1.384 trillion for FY2025-26, collecting the full amount between July 1, 2025 and June 30, 2026, which reflects strong public confidence in government-backed investment schemes. Read more

• PSX Closing Bell: Green Seals the Day

The Pakistan Stock Exchange (PSX) staged a strong recovery on Tuesday, with the benchmark KSE-100 Index climbing nearly 1,900 points as investor confidence improved on easing geopolitical concerns, relatively stable global oil prices and renewed buying in heavyweight fertilizer and banking stocks. Read more

• PKR stays on upward path against USD

The Pakistani rupee extended its appreciating trend against the US dollar, gaining 1.14 paisa in Tuesday's interbank session to close at PKR 278.16 per USD, compared to the previous session's closing of PKR 278.17. Read more

• Nishat Group takes control of Rafhan Maize

Nishat group companies and affiliates have acquired 4,713,831 shares representing 51.04% shareholding in Rafhan Maize Products Company Limited (RMPL), pursuant to a Share Purchase Agreement dated 25 September 2025 (as amended on 29 December 2025), from Ingredion Incorporated USA, a substantial shareholder of RMPL. Read more

• Govt borrows Rs175bn debt in a week

The government of Pakistan has acquired an additional debt of Rs175.23 billion during the week ended June 19, 2026, which brings its total net borrowing for ongoing fiscal year 2026 to Rs1.92 trillion, according to the central bank's weekly estimates. Read more

• M2 rises by Rs117bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs116.97 billion WoW to Rs44.35 trillion as of June 19, 2026, data released by State Bank of Pakistan (SBP) showed. Read more

• GCIL secures OGDCL gas processing contract

Ghani Chemical Industries Limited (PSX: GCIL) has secured Tender No. 308606791 from Oil & Gas Development Company Limited (OGDCL) for the development and processing of natural gas from the Sono Lashari Field. Read more

• PACRA maintains PABC's long term rating at AA-

PACRA has maintained the entity ratings of Pakistan Aluminium Beverage Cans Limited (PSX:PABC) at AA- for the long term and A1 for the short term, with a stable outlook, citing the company's entrenched position as the country's sole domestic manufacturer and exporter of aluminium beverage cans, its strong equity base and prudent financial management. Read more

• PM orders apex forum for agriculture sector reforms

Prime Minister Shehbaz Sharif has directed authorities to formulate a comprehensive National Agriculture Policy at the earliest, in consultation with the provinces. Read more

• Gold price in Pakistan falls Rs4,100 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs424,836 per tola, down Rs4,100. Read more

• Sindh motor insurance coverage jumps nearly 15-fold

The Securities and Exchange Commission of Pakistan (SECP) has reported a sharp increase in third-party motor insurance coverage in Sindh following the implementation of mandatory insurance requirements, with active policies surging by 1,374% over the past three months. Read more

• OMO Result: SBP injects Rs10.5tr into Market

The State Bank of Pakistan (SBP) conducted reverse repo and Shariah-compliant Mudarabah-based Open Market Operations (OMOs) today, injected a total of Rs10.5 trillion into the market. Read more

• Pakistan, Italy sign €20m loan for agriculture capacity building

Pakistan has signed a 20 million euro concessional loan agreement with Italy to support capacity building and extension services in the agriculture sector under the Technical and Vocational Education and Training (TVET) National Reform Programme. Read more

• Street sees June inflation at 11.68%

Pakistan’s headline inflation for June 2026 is set to ease modestly from May’s reading, according to a consensus of seven brokerage house estimates compiled by Mettis Global, even as base effects keep the year-on-year print elevated in double digits for a third consecutive month. Read more

• Dawood Equities wins SECP Islamic Window approval

The Securities and Exchange Commission of Pakistan has granted Dawood Equities Limited (PSX: DEL) the Shariah-Compliant Brokerage Service Islamic Window Certificate. Read more

• SECP approves Faysal Bank's 107m share issue

The Securities and Exchange Commission of Pakistan has allowed Faysal Bank Limited to issue up to 107,000,000 ordinary shares against conversion of Sukuk Certificates amounting to Rs7,000,000,000 by way of other than right offer. Read more

• BFAGRO poised for strong growth with Rs45 price potential

Barkat Frisian Agro Limited (PSX:BFAGRO) is projected to reach a target price of Rs45 per share from its current market price of around Rs36, offering an upside of 25% from current levels by June 2027, as the company's Faisalabad capacity expansion and export recovery position it for accelerated earnings growth. Read more

• OMCs have no role in fuel pricing: Cnergyico

Oil marketing companies and refineries have zero flexibility to adjust fuel prices based on their actual operational costs, as the entire pricing structure remains heavily regulated and dictated by the government, said Usama Qureshi, Vice Chairman of Cnergyico Pk Limited, in a recent television interview. Read more

• HINOON gets Shariah Screening Compliance Confirmation

Highnoon Laboratories Limited (PSX:HINOON) has received Shariah Screening Compliance Confirmation from Meezan Bank Limited, which is acting as the company's Shariah Technical Services and Support Provider. Read more

• Petpak Films Right Issue lifts IPAK stake to 61%

International Packaging Films Limited (PSX:IPAK) has completed the Right Issue of its subsidiary Petpak Films (Private) Limited, raising the company's effective group holding in PPAK from 52% to approximately 61.6%. Read more

• Weekly oil, gas data shows strong YoY recovery

Pakistan's oil and gas production rose 21% and 9% year-on-year respectively during the week ended June 23, 2026, even as output remained largely stable on a week-on-week basis. Read more

• Muhammad Farrukh eyes 53.5% stake in Al Shaheer

Muhammad Farrukh, the acquirer, intends to acquire at least 53.50% of the issued ordinary shares and control of Al Shaheer Corporation Limited. Read more

• Gold falls below $3,990 mark amid rate-hike expectations

Gold extended losses on Tuesday and head for its steepest monthly slide as fading Middle East tensions shifted market focus toward expectations of further U.S. interest rate hikes aimed at containing inflation. Read more

• PACRA keeps ABL at AAA, outlook stable

PACRA has maintained the entity ratings of Allied Bank Limited (ABL) at AAA for the long term and A1+ for the short term, with a stable outlook, according to PACRA. Read more

• Govt reviews export support measures

The government reviewed a range of tax and export facilitation measures aimed at improving the business environment, strengthening industrial competitiveness, and supporting export-led growth during a consultative session held at the Ministry of Finance. Read more

• SBP's FX purchases slow to $667m in March

SBP purchased $667m from the interbank foreign exchange market in March 2026, according to data released by its Domestic Markets & Monetary Management Department. Read more

• NBP issues foreign exchange rates

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

• KAPCO Investment Analysis: 8 Key Catalysts & Strategic Outlook

Kot Addu Power Company Limited (KAPCO) is at an inflection point driven by eight interlocking catalysts: a reinstated hybrid PPA, an imminent switchyard tariff, a transformational entry into cement via ACPL, a fortress balance sheet generating passive income, a recovering dividend profile, a possible FFC/FF group consolidation bid, credible EPS/dividend estimates for FY26–27, and a credible path to Shariah-compliance. Read more

• Asian markets gain following Wall Street rally

Asian markets traded mostly higher on Tuesday, extending the positive momentum from Wall Street after improving geopolitical developments boosted investor confidence. Read more

• OGDC brings new Sindh gas well online, adds 10.5 MMSCFD output

Oil & Gas Development Company Limited (PSX: OGDC) has successfully tested a new development well in Sindh that is expected to bolster Pakistan's domestic hydrocarbon supplies as the country seeks to reduce reliance on imported energy. Read more

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