MG Morning Breeze: Updates to Skim before Market

July 14, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SkyDrive conducts high-speed demonstration flights in Japan

Japanese startup SkyDrive Inc. conducted high-speed demonstration flights of its "flying car" at a test site in Yamaguchi, western Japan, simulating a sightseeing tour over the Seto Inland Sea. Read more

• Pakistan, Vietnam near trade deal worth $1bn goal

Pakistan and Vietnam are expected to sign a bilateral Preferential Trade Agreement (PTA) in the near future, a move aimed at strengthening trade liberalization and expanding economic cooperation between the two countries. Read more

• Lotte Group wins CCP approval for internal restructuring

The Competition Commission of Pakistan (CCP) has approved an internal restructuring within South Korea's Lotte Group after determining that the transaction poses no competition concerns in Pakistan's food and beverage sector. Read more

• Foreign currency deposits rise by $18m in June 2026

Foreign currency deposits rose by $18.09m to $6.779 billion in June 2026 compared to the previous month, the latest data released by the State Bank of Pakistan showed. Read more

• Pakistan car sales jump 39% in FY26

Pakistan's car sales surged 39.4% in FY26, with cumulative sales of cars, LCVs, vans, and jeeps reaching 206,436 units compared to 148,042 units in FY25, according to data released by the Pakistan Automotive Manufacturers Association (PAMA) on Monday. Read more

• PKR strengthens again, hits 195-day winning run vs USD

PKR has appreciated against the USD for 195 straight sessions, extending its gains to PKR 3.4018 or 1.22 percent. Read more

• South Punjab farmers advised on livestock heatwave precautions

The Livestock Department has launched an awareness campaign to protect animals from the ongoing heatwave affecting South Punjab, advising farmers to adopt preventive measures to safeguard their livestock during the extreme temperatures. Read more

• JS Bank secures Rs4bn through TFC issue

JS Bank Limited (PSX: JSBL) has successfully issued Rated, Privately Placed, Unsecured and Subordinated debt instruments in the nature of Tier-2 capital as Term Finance Certificates (TFCs) to institutional investors for an aggregate amount of Rs4bn. Read more

• Sazgar produces 2,488 three-wheelers, 2,374 four-wheelers in June 2026

Sazgar Engineering Works Limited (PSX:SAZEW) produced 2,374 four-wheelers (off-road and passenger vehicles) in June 2026, with sales higher at 2,720 units during the month. Read more

• PSX Closing Bell: Falls Off A Cliff

The Pakistan Stock Exchange (PSX) closed Monday's session sharply lower, with the benchmark KSE-100 Index extending its losses as investors remained cautious amid escalating geopolitical tensions in the Middle East. Read more

• PCJCCI hails Sahiwal Coal Plant success

The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has described the China-backed Sahiwal Coal-Fired Power Plant as one of the most successful flagship projects under the China-Pakistan Economic Corridor (CPEC), crediting it with strengthening Pakistan's energy security, supporting industrial growth, and contributing to the country's economic development. Read more

• Gold price in Pakistan falls Rs3,800 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs429,736 per tola, down Rs3,800. Read more

• Standard Chartered appoints Adil Salahuddin as CEO

Standard Chartered Pakistan today announced the appointment of Adil Salahuddin as its Chief Executive Officer & Head of Coverage, subject to regulatory and statutory approvals. Read more

• Meezan Bank partners with LUMS to advance Islamic Finance Education in Pakistan

Meezan Bank, Pakistan’s leading Islamic bank and one of the country’s largest banks, has partnered with the Centre for Islamic Finance (CIF) at LUMS to make high-quality, industry-led Islamic finance education more accessible across Pakistan and beyond. Read more

• BLUE-EX enters negotiations to acquire tech-based logistics, fintech company

Blue Ex Limited (PSX:BLUEX) has entered into negotiations for the acquisition of a technology-based company operating in last-mile logistics and other fintech segments. Read more

• Kohat Cement clarifies no court order to halt coal-fired plant project

Kohat Cement Company Limited has clarified that no court order has been issued to stop work on its ongoing 28.5-megawatt Coal Fired Power Plant (CFPP) project, following media reports regarding proceedings before the Peshawar High Court. Read more

• SECMC preps Phase III expansion at Thar Block II

Sindh Engro Coal Mining Company (SECMC) and Engro Powergen Thar Limited (EPTL) have completed seven years of commercial operations at Thar Block II, having produced over 38 million tons of coal and generated more than 27,000 gigawatt-hours of electricity since operations began in July 2019. Read more

• Govt reaffirms commitment to climate-resilient water access

The government has reaffirmed its commitment to building climate-resilient communities and ensuring access to safe drinking water for rural and climate-vulnerable populations, with the inauguration of a solarized water filtration plant in Sahiwal under a project aimed at strengthening climate resilience. Read more

• Balochistan's treasure trove faces rough terrain

Balochistan's vast reserves of gas, copper, gold and its strategic Gwadar port position the province as a central pillar of Pakistan's economic future, but a fragile security environment continues to weigh on investment flows and project timelines. Read more

• FBR tightens grip on jewelers, warns of bank account freeze

The Federal Board of Revenue (FBR) has intensified its crackdown on jewelers across Pakistan, issuing official notices that warn of freezing and restricting their bank accounts. Read more

• Meezan Bank crosses Rs2bn in Apna Ghar financing

Meezan Bank has reached cumulative disbursements of Rs2bn under the Government of Pakistan's affordable housing initiative, Wazir-e-Azam Apna Ghar Program, Ghar Ho Tu Apna (GHTA). Read more

• Gold slumps over 1% as oil surge fuels rate hike bets

Gold prices fell more than 1% on Monday as a sharp rise in oil prices strengthened expectations that the U.S. Federal Reserve may keep interest rates higher to counter inflation risks stemming from escalating tensions in the Middle East. Read more

• LSE SPAC-II debuts on PSX main board

Pakistan Stock Exchange (PSX) has notified the listing of LSE SPAC-II Limited (SPAC2), with trading in the company's shares commencing on the Main Board from Monday, July 13, 2026. Read more

• Govt rejects misleading reports on Eurobond, Panda Bond

The government has categorically rejected recent media reports on Pakistan's sovereign financing transactions, including the Eurobond and the country's debut Panda Bond issuance, terming them misleading and based on incomplete information that omits critical facts and context. Read more

• PSX Opening Bell: Red Dawn

The Pakistan Stock Exchange (PSX) opened the week on a sharply negative note, with the benchmark KSE-100 Index extending last week's losses as investors reacted to a fresh escalation in geopolitical tensions in the Middle East. Read more

• Pakistan's marine bunkering network now covers all major ports

Pakistan has completed its marine bunkering footprint across all three commercial ports after carrying out the country's first-ever marine bunkering operation at Gwadar Port. 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

• Oil tops $79 as Hormuz standoff deepens

Global oil prices have climbed sharply after the United States and Iran exchanged fresh military strikes in an escalating contest over control of the Strait of Hormuz. Read more

• Asian markets edge higher amid geopolitical uncertainty

Asian markets traded mostly higher on Monday, even as investors assessed heightened geopolitical risks following fresh military exchanges between the United States and Iran over the weekend and Tehran's declaration that it had closed the Strait of Hormuz. Read more

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