MG Morning Breeze: Updates to Skim before Market
MG News | July 10, 2026 at 08:13 AM GMT+05:00
July 10, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.94 billion or 11.76% WoW to $18.47 billion during the week ended on July 03, 2026, data released by State Bank of Pakistan showed on Thursday. Read more
The SCRA balance increased by Rs358.94 million during the week ending Jul 03, 2026 to close at Rs27.29 billion. Read more
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has emphasized that the composition of Boards of Directors of State-Owned Enterprises must remain fully aligned with good governance principles and the provisions of the State-Owned Enterprises (Ownership and Management) Act and Policy, including limiting representation from the sponsoring Ministry or Division to one ex officio Director on each Board. Read more
Cambodia has inaugurated a 45-kilometre section of the expanded National Road 7, a China-funded infrastructure project aimed at improving transport connectivity, supporting trade, and promoting tourism in the country's central region. Read more
Saudi Arabia's Ambassador to Pakistan, Nawaf bin Saeed Ahmad Al-Malkiy, met Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Wednesday to discuss recent regional developments following the signing of the Islamabad Memorandum of Understanding (MoU). Read more
Popular AI chatbots including ChatGPT, Claude and DeepSeek tend to produce subtly biased responses when handling information about a person's health status. Read more
The Asian Development Bank (ADB) has estimated Pakistan's economy expanded by 3.7% in FY2025-26, supported by improved performance in the industrial and services sectors, along with moderate growth in agriculture. Read more
The federal cabinet has approved Pakistan's first National E-sports Policy, which paves the way for the formal recognition and regulation of competitive gaming as a professional, educational and economic sector. Read more
Karandaaz Pakistan and DigiKhata Financial Services (DKFS) have signed a strategic partnership to launch an Embedded Finance Facility (EFF). Read more
Central Directorate of National Savings (CDNS) has set a savings mobilisation target of Rs1.5 trillion for fiscal year 2026-27, building on strong public confidence in government-backed savings schemes and aiming to further strengthen the country's savings culture and expand financial inclusion. Read more
Electric vehicle (EV) sales across Europe continue to strengthen even as some European policymakers maintain concerns over competition from Chinese manufacturers and advocate protective trade measures. Read more
Strategic alternatives for the future of Crescent Jute Products Limited (PSX: CJPL) remain under evaluation by the Board of Directors, with no transaction or proposal requiring disclosure finalized as of the reporting date, according to the company's quarterly progress report for the quarter ended June 30, 2026, submitted to the Pakistan Stock Exchange. Read more
PICIC Insurance Limited (PSX:PIL) has received approval from the Sindh High Court for the Modified Scheme of Arrangement concerning the merger of Crescent Star Foods (Private) Limited with and into the company. Read more
The Pakistan Stock Exchange (PSX) ended Thursday's session slightly lower as investors remained cautious amid persistent geopolitical tensions in the Middle East, while Wednesday's sharp selloff continued to weigh on market sentiment despite a partial intraday recovery. Read more
Punjab recorded the highest cropping intensity of any province in Pakistan's 7th Agricultural Census 2024, at 168%, well above the national average of 157% and sharply ahead of Balochistan, which posted the lowest reading at 121%, Pakistan Bureau of Statistics data show. Read more
The Pakistani rupee recorded a marginal gain against the US dollar in Thursday's interbank trading, closing at PKR 278.15 per dollar compared with the previous close of PKR 278.16. Read more
Lotte Chemical Pakistan Limited (PSX: LOTCHEM) successfully commissioned its 6.5 MWp captive solar power plant, marking a key milestone in the company's journey toward Zero-Cost Electric Energy Consumption. Read more
Thailand's industrial confidence increased for the first time in four months in June, supported by government measures to ease household living costs, encourage domestic spending, and lower energy expenses. Read more
Total inflows into Roshan Digital Accounts (RDA) during June, 2026 stood at $306 million, bringing the total cumulative inflows into RDA to $13,365 million. Read more
Bank Alfalah Limited's issuance of Tier 2 capital in the form of Term Finance Certificates (TFCs), for an aggregate amount of Rs20,000,000,000 (Rs20bn), has been fully subscribed following the final approval received from the State Bank of Pakistan (SBP) and execution of the relevant transaction documents. Read more
Pakistan and the United Kingdom agreed to further strengthen economic and financial cooperation, with both sides identifying fresh avenues for collaboration in trade, investment, banking and capital markets. Read more
Global economic growth is projected to slow to 3% in 2026 before recovering to 3.4% in 2027, down from an average of 3.5% recorded in 2024-25, as the war in the Middle East weighs on activity even as an accelerating artificial intelligence (AI)-driven technology cycle partly offsets the drag. Read more
Pakistan’s stock market investor base grew by a record 48% during FY2025-26, the highest annual increase in the country’s capital market history, with 190,277 new investors joining the market, according to the Securities and Exchange Commission of Pakistan (SECP). Read more
Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs433,836 per tola, up Rs3,600. Read more
Meezan Bank, Pakistan’s leading Islamic bank and one of the country’s largest banks, has established the IU Centre for Excellence in Islamic FinTech (IU CEIF) at Iqra University in strategic collaboration with the University. Read more
Solar energy has become the dominant power source for irrigation tubewells across Pakistan, running 912,327 of the country's 1.83 million tubewells as of the 7th Agricultural Census 2024. Read more
Pakistan's farm structure is fragmenting at a faster pace than a decade ago, with the number of fragmented farms climbing 76% to 4.98 million in the 7th Agricultural Census 2024, from 2.83 million recorded in the 2010 census, according to PBS data. Read more
The entire shareholding of 432,189,039 ordinary shares of Oil and Gas Development Company Limited (PSX:OGDC), held under the Benazir Employees Stock Option Scheme (BESOS) Employees Empowerment Trust, has been transferred back to the Government of Pakistan (GoP), pursuant to the Supreme Court's decision. Read more
Pakistan's tractor population has grown nearly two-and-a-half-fold over the past two decades, reaching 986,998 units as of the 7th Agricultural Census 2024, up from 401,663 in 2004 and 252,861 in 1994, according to Pakistan Bureau of Statistics data. Read more
The area under cotton cultivation in Pakistan has continued its long slide, with the 7th Agricultural Census 2024 recording just 6.51 million acres under the crop nationally. Read more
Net metering units in Pakistan continued their upward trajectory in May 2026, with the share of net metering in total power generation rising by 105 basis points on a yearly basis, showing growing solar adoption and reduced dependence on the national grid. Read more
Pakistan's exports of fish and fish preparations reached a record $568m during fiscal year 2025-26, which marks the highest-ever seafood export earnings for the country. Read more
Pakistan and Russia have agreed to deepen cooperation on security matters and move forward with the signing of a Memorandum of Understanding (MoU) between their interior ministries during a meeting held on the sidelines of the United Nations in New York. Read more
Pakistan's livestock population has surged sharply over the past 18 years, with the 7th Agricultural Census 2024 showing the country's cattle herd more than doubling to 55.86 million head from 29.56 million recorded in the last Livestock Census of 2006 — a jump of 89%. Read more
Engro Polymer and Chemicals Limited (PSX:EPCL) has had its entity ratings maintained by PACRA at "AA" for the long term and "A1+" for the short term, with a stable outlook. Read more
Prime Minister Shehbaz Sharif has emphasized that promoting clean, affordable and sustainable energy through solar power remains a key pillar of the country's national energy policy. Read more
Ghani Dairies Limited (PSX: GDL) has successfully completed the construction of three state-of-the-art steel-structure sheds, in accordance with international standards and equipped with the latest modern dairy farm infrastructure and equipment for housing milking cows. Read more
Oil prices climbed on Thursday after renewed U.S. military action against Iran intensified concerns over potential disruptions to energy supplies in the Middle East. Read more
Pakistan received workers' remittances of $3.47bn in June 2026, down 18.3% from $4.25bn in May 2026, and up 2% on a yearly basis from $3.41bn in June 2025, according to the latest data released by the State Bank of Pakistan (SBP). Read more
Gold prices declined on Thursday, trading close to the previous session's one-week low, as escalating U.S.-Iran hostilities pushed oil prices higher and revived worries over inflation and the prospect of prolonged elevated interest rates. Read more
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| KSE100 | 182,679.09 40.76M | 0.78% 1419.41 |
| ALLSHR | 110,818.14 90.36M | 0.81% 888.38 |
| KSE30 | 54,528.63 10.53M | 0.79% 430.01 |
| KMI30 | 257,780.61 14.26M | 0.85% 2173.08 |
| KMIALLSHR | 71,268.01 52.54M | 0.88% 619.35 |
| BKTi | 51,560.68 2.26M | 0.79% 402.56 |
| OGTi | 36,809.57 0.48M | 0.73% 266.74 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 64,175.00 | 64,245.00 63,070.00 | 790.00 1.25% |
| BRENT CRUDE | 76.65 | 76.68 75.92 | 0.35 0.46% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -2.50 -2.31% |
| ROTTERDAM COAL MONTHLY | 119.20 | 119.50 118.50 | -0.40 -0.33% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 72.43 | 72.44 71.22 | 0.35 0.49% |
| SUGAR #11 WORLD | 15.15 | 15.20 14.89 | 0.04 0.26% |
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