MG Morning Breeze: Updates to Skim before Market
MG News | July 16, 2026 at 08:34 AM GMT+05:00
July 16, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Pakistan Institute of Development Economics (PIDE) has recommended the launch of a dedicated "Middle East Recovery Mission" under the Special Investment Facilitation Council (SIFC) to help Pakistan secure a greater share of the Gulf region's expanding project and reconstruction market. Read more
Prime Minister Shehbaz Sharif said the business community formed the backbone of the national economy and should be extended every possible facility to enhance production and boost exports, directing the Federal Board of Revenue (FBR) to work closely with traders and industrialists to resolve their legitimate concerns on a priority basis. Read more
The Federal Constitutional Court (FCC) on Wednesday issued a notice to the National Accountability Bureau (NAB) on a petition challenging the closure of the Haris Steel Mills reference and directed all parties to maintain status quo until the next hearing, with proceedings to resume after the court's summer recess. Read more
Pakistan's Large Scale Manufacturing Industries (LSMI) output fell 0.98% year-on-year (YoY) in May 2026, even as it rose 1.21% month-on-month (MoM), according to provisional data released with base year 2015-16. Read more
Pakistan Railways is set to strengthen its operations over the next six months with the induction of 43 American-made GU-40 locomotives, 70 power plants, and newly refurbished passenger coaches as part of efforts to modernize services and improve operational efficiency. Read more
The government is prioritizing equipping the country's youth with world-class digital skills, with officials stressing that women's active participation in the digital economy is essential to transforming Pakistan's future. Read more
Pakistan and Saudi Arabia have reaffirmed their commitment to further strengthening their longstanding fraternal ties and expanding cooperation across various sectors amid sustained high-level diplomatic engagement between the two countries. Read more
The federal government is set to include three new environmental and biodiversity conservation projects in the revised Upscaling of Green Pakistan Programme (UGPP) for fiscal year 2026-27, targeting the Margalla Hills, a national botanical garden in Islamabad and a pollution monitoring network. Read more
The Pakistan Stock Exchange (PSX) has issued a Risk Warning Alert (RWA) against Pakistan Engineering Company Limited (PECO), effective from July 15, 2026, after the company failed to pay outstanding PSX dues and rectify its non-compliance with Regulation 5.11.1.(d) within the stipulated time. Read more
The Pakistan Stock Exchange (PSX) closed higher on Wednesday, with the benchmark KSE-100 Index extending its recovery from the previous session's steep losses as investors continued value buying. Read more
The Special Investment Facilitation Council (SIFC) has emphasized ongoing efforts to expand Pakistan's motorway network through the development of the M-12 (Sambrial–Kharian) and M-13 (Kharian–Rawalpindi) motorways, aimed at improving transport infrastructure and regional connectivity. Read more
The Pakistani rupee (PKR) posted a marginal gain against the US dollar in the interbank market on Wednesday, appreciating by 1.22 paisa to close at 278.00 per USD, compared to the previous closing level of 278.01. Read more
Federal Minister for Finance and Revenue Muhammad Aurangzeb cautioned that Pakistan's long-term prospects could be seriously compromised unless rapid population growth and climate change are tackled, calling both existential threats that demand consistent policy reform, coordination across institutions and sustained financing. Read more
Pakistan and China will hold a two-day Pharmaceutical and Healthcare B2B Investment Conference in Islamabad beginning July 17 to promote investment and industrial cooperation in the pharmaceutical, healthcare, and biotechnology sectors. Read more
Intermarket Securities Limited's (PSX:IMS) Board of Directors has approved the execution of a Memorandum of Understanding (MoU) with Biowaste Energy Ventures (Private) Limited (BEVL) to collaborate on an Environmental, Social and Governance (ESG) initiative, in line with the company's ESG strategy and the SECP ESG Disclosure Guidelines. Read more
A paid-up share capital increase of approximately 85% has been approved by Supernet Technologies Limited (PSX: STL) through a rights issue of 91,476,554 ordinary shares at Rs10 per share, raising Rs914.77m to strengthen the company's capital base, support its expanding portfolio of technology projects and position it for its next phase of growth. Read more
Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs425,036 per tola, up Rs900. Read more
Pakistan International Airlines Holding Company Ltd. (PIAHCL) has retained 36 domestic and overseas properties following the sale of 11 assets under the national carrier's privatization process. Read more
Bitcoin advanced to nearly $64,800 on Wednesday, which marks its strongest session in weeks, as softer-than-expected US inflation data led traders to unwind expectations of a Federal Reserve rate hike this month. Read more
LSE SPAC-II Limited has transferred Rs180 million, representing 90% of the total proceeds raised through its Initial Public Offering (IPO), to a designated escrow account following the successful completion of its IPO. Read more
Ghandhara Tyre and Rubber Company Limited (PSX:GTYR) has obtained DOT (Department of Transportation) certification, enabling the company to export tyres to the United States. Read more
Shadab Textile Mills Limited (PSX: SHDT) has utilized Rs197.59m, or 79.04%, of the Rs250m net proceeds raised through its right issue as at June 30, 2026, as per the company's first quarterly progress report on utilization of right issue proceeds, covering the period from April 13, 2026 to June 30, 2026. Read more
U.S. President Donald Trump abandoned his proposal to impose a 20% fee on all cargo passing through the Strait of Hormuz, saying the plan would instead be replaced by trade and investment agreements with Gulf states. Read more
Pakistan has reaffirmed its firm commitment to strengthening multilateralism and safeguarding the central role of the United Nations in tackling global challenges. Read more
Pakistan and Spain agreed to deepen cooperation in agriculture, food security, and trade, with both sides committing to establish a joint working group to institutionalize bilateral engagement in the farm sector. Read more
The Pakistan Stock Exchange (PSX) opened on a strong positive note on Wednesday, with the benchmark KSE-100 Index rebounding from the previous session's steep losses as investors engaged in value buying after heavy selloffs. Read more
Oil prices traded higher in volatile trading on Wednesday after the United States launched another round of military strikes against Iran and reinstated a naval blockade on Iranian ports near the Strait of Hormuz, raising fresh concerns over energy supplies and regional stability. Read more
Gold prices declined on Wednesday, giving up part of the previous session's sharp rally, as rising oil prices stoked inflation concerns and uncertainty over the US interest-rate path weighed on the non-yielding metal. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Read more
Asian markets traded higher on Wednesday, supported by gains on Wall Street after weaker-than-expected U.S. inflation data strengthened expectations that the Federal Reserve may adopt a less aggressive monetary policy stance. Read more
Sapphire Fibres Limited (PSX:SFL) has established a wholly owned subsidiary, Saphir Holding L.L.C-FZ, in the United Arab Emirates. Read more
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|---|---|---|
| KSE100 | 175,285.78 248.39M | 1.02% 1766.97 |
| ALLSHR | 106,536.82 578.97M | 1.02% 1073.42 |
| KSE30 | 52,320.98 90.24M | 1.18% 611.36 |
| KMI30 | 246,775.63 72.73M | 0.99% 2407.71 |
| KMIALLSHR | 68,372.65 345.21M | 0.84% 569.39 |
| BKTi | 49,718.24 37.75M | 1.43% 700.72 |
| OGTi | 35,126.27 7.30M | 0.44% 154.29 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 64,700.00 | 65,105.00 64,480.00 | -385.00 -0.59% |
| BRENT CRUDE | 84.69 | 85.55 84.40 | -0.26 -0.31% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -1.25 -1.17% |
| ROTTERDAM COAL MONTHLY | 120.00 | 120.00 120.00 | 0.65 0.54% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 79.49 | 80.59 79.27 | -0.11 -0.14% |
| SUGAR #11 WORLD | 14.86 | 14.99 14.71 | -0.02 -0.13% |
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