MG Morning Breeze: Updates to Skim before Market
MG News | July 17, 2026 at 08:40 AM GMT+05:00
July 17, 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) decreased by $1.25 billion or 6.74% WoW to $17.23 billion during the week ended on July 10, 2026, data released by State Bank of Pakistan showed on Thursday. Read more
The SCRA balance increased by Rs636.83m during the week ending Jul 10, 2026 to close at Rs27.93 billion. Read more
Automobile financing in Pakistan has increased to Rs381.69bn in June 2026, witnessing a rise of 3.4% MoM compared to Rs369.12bn recorded in May 2026, according to the latest data released by the central bank. Read more
Pakistan and Portugal reviewed the full spectrum of bilateral relations during the fourth round of Pakistan–Portugal Bilateral Political Consultations held on Thursday, focusing on strengthening political engagement and expanding cooperation across multiple sectors. Read more
The National Technology Fund (Ignite), that operates under the Ministry of Information Technology and Telecommunication (MoITT), will host the Indus RAS (Robotics and Autonomous Systems) Expo 2026 on July 22-23 at the Pak-China Friendship Centre in Islamabad, aiming to strengthen the country's robotics ecosystem and accelerate adoption of autonomous technologies across strategic sectors. Read more
The Pakistan Business Forum (PBF) has called on the government to implement urgent policy measures to improve the competitiveness of Pakistan’s industrial sector, warning that timely support is crucial to meeting the country’s export ambitions. Read more
Sindh has recovered 150,000 tonnes of wheat from hoarders during a province-wide crackdown aimed at stabilising prices and ensuring adequate supplies for the public, with wheat prices declining by 13% after the recovered stocks were released. Read more
Pakistan has sought strategic partnerships with leading American universities, research centres, and innovation institutions to strengthen its higher education, research, climate resilience, and innovation ecosystem, as the government looks to build a knowledge-based economy through global collaboration. Read more
The Pakistani rupee closed below the PKR 278-per-US dollar mark for the first time since December 9, 2024, after posting a marginal gain in Thursday's interbank session. Read more
The Pakistan Stock Exchange (PSX) extended its recovery on Thursday, with the benchmark KSE-100 Index posting another strong gain as investors continued value buying following the previous week's sharp correction. Read more
Shifa International Hospitals Limited (PSX: SHFA) revealed that the Islamabad High Court has sanctioned the Scheme of Arrangement for the merger of Shifa Medical Center Islamabad (Pvt.) Limited (SMCI) with and into Shifa International Hospitals Limited (SIHL). Read more
Big Bird Foods Limited (PSX:BBFL) has secured a significant export order from a Gulf-based halal food company for the supply of raw chicken and further processed poultry products, a move expected to nearly double the company's current export volumes. Read more
Pakistan is set to become a founding member of the World Artificial Intelligence Cooperation Organization (WAICO), with Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar travelling to Shanghai, China on Thursday to attend the organization's signing ceremony during a two-day visit. Read more
Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs425,436 per tola, up Rs400. Read more
Pakistan has called for inclusive, human-centered, and equitable governance of artificial intelligence, warning that unequal access to digital infrastructure and technology could widen global inequalities if left unaddressed. Read more
The University of Agriculture Faisalabad (UAF) and the Chengdu Institute of Standardization have signed a letter of intent (LOI) to expand collaboration in agricultural standardization, food quality, scientific research, and talent development. Read more
When the Economist Intelligence Unit (EIU) ranked Karachi 170th out of 173 cities in its 2026 Global Livability Index, the verdict appeared damning. The headlines wrote themselves: Karachi is among the world's least livable cities. Read more
The International Monetary Fund (IMF) has cited the ongoing Middle East conflict as a key factor dragging down the euro area's growth prospects while adding to price pressures, pointing to disrupted energy supplies and tighter financing conditions as the main channels of impact. Read more
Pakistan's agriculture and livestock sectors have the potential to significantly strengthen the national economy within a year through modern technology, scientific research, and coordinated federal-provincial efforts. Read more
Lotte Chemical Pakistan Limited's (PSX: LOTCHEM) profit after taxation more than fivefold to Rs4.31bn for the half-year ended June 30, 2026, compared to Rs741.78m in the corresponding period last year. Read more
Silver's long-term investment outlook remains strong despite recent sharp price declines, supported by persistent supply deficits, rising industrial and monetary demand, and tight physical market conditions, according to Paul Wong, Managing Partner and Market Strategist at Sprott Inc. Read more
Stylers International Limited (PSX:STYLERS) has increased its operational production capacity by 5,000 pieces per day. Read more
Renowned businessman Arif Habib attended the Securities and Exchange Commission of Pakistan (SECP) Talk Series as the chief guest. Read more
Pakistan’s FY27 budget points to continued fiscal discipline, but the quality and durability of consolidation remain open to question. Read more
Competition Commission of Pakistan (CCP) and National Accountability Bureau (NAB) have agreed to strengthen institutional cooperation to promote market discipline, curb anti-competitive practices, and protect public funds from corruption. Read more
Oil prices climbed for a fourth consecutive session on Thursday, supported by renewed geopolitical tensions after the United States launched fresh strikes on Iranian military targets, raising fears of supply disruptions in the Middle East. Read more
Gold prices declined on Thursday as intensifying conflict in the Middle East showed no signs of easing, wiping out recent optimism over cooling inflation and stoking fears that rising oil prices could push the Federal Reserve toward further rate hikes. Read more
Wahdat Poultry Farm Limited (PSX: WAHDAT) board of directors has approved a proposal to add a powdered-egg processing line, co-located with the company's already-approved liquid pasteurized egg plant. Read more
State Bank of Pakistan (SBP) Governor Jameel Ahmad has termed the launch of the HBL, UnionPay International and PayPak co-badged debit card an important milestone in Pakistan's journey toward a modern, resilient and inclusive digital payments ecosystem, supporting the Prime Minister's vision of a Cashless Pakistan. Read more
Pakistan has gone to the IMF twenty-four times. That number alone should force us to pause. It tells us that our problem is not the IMF, nor the global economy, nor some recurring external shock. Read more
Pakistan's textile exports grew by 0.26% YoY to $17.93bn in FY26, compared to $17.89bn in FY25, data issued by the Pakistan Bureau of Statistics (PBS) showed. Read more
Pakistan Stock Exchange Limited (PSX) has revised the recomposition of the PSX-KMI All Share Islamic Index, reinstating B.R.R Guardian Limited (BRRG) as a Shariah-compliant company. Read more
The Pakistan Stock Exchange Limited (PSX) has issued a revised auction calendar for the issuance of Government of Pakistan (GoP) Hybrid Sukuk (GHS) and GoP Ijarah Sukuk (GIS) for the period from July to September 2026. Read more
The Privatisation Commission of Pakistan has signed a Transaction Advisory Services Agreement (TASA) with the Asian Development Bank (ADB), appointing the multilateral lender as the financial advisor for the outsourcing of Islamabad International Airport. Read more
Pakistan's imports during fiscal year 2025-26 (July-June) rose 8.15% in dollar terms to $69.76bn, compared to $64.51bn in the corresponding period of FY2024-25, according to the latest data issued by the Pakistan Bureau of Statistics (PBS). Read more
Pakistan's trade deficit widened by 22.0% to $39.62bn in FY26 (July-June 2025-26), compared to a deficit of $32.47bn recorded during the same period of FY25 (July-June 2024-25), according to the latest data issued by the Pakistan Bureau of Statistics (PBS). Read more
Asian markets were poised for a mixed start to trading on Thursday as investors assessed persistent geopolitical tensions in the Middle East alongside expectations of fresh US economic data that could shape the Federal Reserve's interest rate outlook. Read more
Pakistan and China have reaffirmed their commitment to deepening economic cooperation, with discussions focused on investment promotion and avenues to strengthen bilateral financial ties. Read more
Pakistan and the United Kingdom have agreed to further strengthen their economic and development cooperation, with discussions centering on the country's macroeconomic outlook and ongoing reform agenda. Read more
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| KSE100 | 177,603.67 20.71M | -0.29% -519.90 |
| ALLSHR | 107,620.63 59.86M | -0.28% -299.90 |
| KSE30 | 53,035.32 9.49M | -0.24% -128.28 |
| KMI30 | 250,289.13 8.49M | -0.18% -457.01 |
| KMIALLSHR | 69,051.21 24.18M | -0.31% -216.18 |
| BKTi | 50,324.53 3.06M | -0.41% -205.86 |
| OGTi | 35,291.40 0.90M | -0.20% -72.21 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 63,575.00 | 64,350.00 63,475.00 | -810.00 -1.26% |
| BRENT CRUDE | 85.03 | 85.50 84.64 | 0.80 0.95% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -0.15 -0.14% |
| ROTTERDAM COAL MONTHLY | 118.60 | 118.60 118.60 | -0.95 -0.79% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 79.15 | 79.58 78.77 | 0.20 0.25% |
| SUGAR #11 WORLD | 14.41 | 14.86 14.37 | -0.44 -2.96% |
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