MG Morning Breeze: Updates to Skim before Market

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MG News | July 20, 2026 at 06:00 AM GMT+05:00

July 20, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

Pakistan has invited Chinese companies to invest in the country and jointly innovate, manufacture and grow together, as both sides looked to deepen cooperation in pharmaceuticals and healthcare. Read more

Pakistan and Japan agreed to deepen cooperation in artificial intelligence, Web3 and digital technologies, as the Embassy of Pakistan in Tokyo, in collaboration with the Asia Web3 Alliance Japan (AWAJ), organized a startup. Read more

Pakistan secured $4.04bn in external financing in June 2026, closing out FY26 (July 2025–June 2026) with a cumulative total of $16.16bn, the latest report by the Economic Affairs Division (EAD) showed. Read more

The benchmark KSE-100 Index closed the week ended July 17, 2026 at 175,802.79 points, losing 6,438.99 points, or 3.53%, on a week-on-week basis from 182,241.78 points recorded on July 10, 2026. Read more

Twelve prominent Pakistani companies from various sectors have signed Memorandums of Understanding (MoUs) with Al Raee Group to launch operations and execute large-scale investments in Saudi Arabia. Read more

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a meeting to assess the implementation roadmap and operational preparedness of the Federal Board of Revenue's (FBR) National Faceless Centre, a flagship initiative under the new Tax Operating Model designed to introduce a centralized, technology-driven and transparent tax administration system. Read more

Pakistan is accelerating efforts to develop its corporate debt market and strengthen capital markets as a long-term financing source for the private sector, with a renewed focus on reducing reliance on bank lending and expanding access to market-based financing, particularly for small and medium enterprises (SMEs). Read more

Weekly roundup of Key Economic releases and market data and statistics Read more

The government has raised the ex-depot prices of Motor Spirit (MS) and High Speed Diesel (HSD) by Rs5.44 and Rs31.05 per litre, respectively, for the period from July 18 to July 20, 2026. Read more

The federal government has decided to shift petroleum pricing authority to the Oil and Gas Regulatory Authority (OGRA), allowing the regulator to set daily prices of petroleum products in accordance with international market movements. Read more

The petroleum group's import bill clock in at $1.55bn in June 2026, marking an increase of 41.25% YoY compared to $1.10bn recorded in June 2025, data released by the State Bank of Pakistan (SBP) showed. Read more

The country's total textile exports drop by 13.51% YoY to $1.56bn in June 2026 compared to $1.37bn in June 2025, data released by the State Bank of Pakistan (SBP) showed. Read more

Import payments made through banks jumped to $6.15 billion in June 2026, rising 8.99% from $5.64bn in May 2026 and up 22.45% from $5.02bn in the same month last year, State Bank of Pakistan data showed. Read more

Meezan Bank’s new Regional Headquarter - Meezan Tower Islamabad has been awarded the internationally recognized LEED Gold Certification, by U.S. Green Building Council & Green Business Certification Inc. reaffirming the Bank's commitment to integrating sustainability across its operations and infrastructure. Read more

The Pakistan Stock Exchange (PSX) ended Friday's session in the red, with the benchmark KSE-100 Index reversing part of the week's gains as investors resorted to profit-taking after the recent rally, while sentiment was further dampened by Pakistan's weaker-than-expected external account data. Read more

Gold price in Pakistan decreased on Friday, with 24-karat gold being sold at Rs421,836 per tola, down Rs3,600. Read more

The Pakistani rupee posted a marginal gain against the US dollar in the interbank market on Friday, appreciating by 1.20 paisa to close at PKR 277.96 per dollar, compared with the previous session's closing level of PKR 277.97. Read more

The U. S. A. remained the top export destination for Pakistan during June, with $539.66 million worth of shipments, up by 12.9% against the exports of $477.85m in same period last year. Read more

China remained the largest investor in Pakistan during FY26, with net direct investment of $862m, followed by Hongkong and the U.A.E with net FDI of $339.4m and $235.9m respectively, according to the latest data released by the State Bank of Pakistan (SBP). Read more

Pakistan's Communications sector witnessed the highest divestment among all sectors in FY26, as foreign investors pulled out a net $456.1m, compared to a net outflow of $70.3m in the same period last year, according to the latest data released by the State Bank of Pakistan (SBP). Read more

AGP Limited (PSX: AGP) moved to reassure investors after reports linking its flagship antibiotic Azomax to quality concerns stemmed from a counterfeit product rather than medicine manufactured by the company. Read more

Pakistan attracted a foreign direct investment (FDI) of $1.64bn in FY26, down from $2.48bn in the Same Period Last Year (SPLY), the latest data issued by the State Bank of Pakistan (SBP) showed. Read more

Standard Chartered Pakistan has been recognised by Euromoney as Pakistan's Best Mortgage Bank, highlighting the strength of its mortgage offering and commitment to providing a seamless, client-focused home financing experience. Read more

Pakistan has received its first-ever Roll-on/Roll-off (RoRo) shipment as M.V. Grande Shanghai berthed at the country's port carrying more than 2,000 electric vehicles (EVs). Read more

Pakistan and Egypt should move beyond conventional trade and view each other as long-term strategic investment partners, with bilateral relations transformed into a stronger economic partnership based on trade, investment, joint production, technology cooperation and regional value chains, Federal Minister for Commerce Jam Kamal Khan said. Read more

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs12.93trillion into the market of which Rs12.5tr were injected through reverse repo OMO. Read more

Pakistan's services sector recorded a cumulative trade deficit of $1.891bn in FY26, as imports of services grew at a faster clip than exports during the year, according to data released by the State Bank of Pakistan (SBP). Read more

Pakistan's real effective exchange rate (REER) rose to 106.44 in June 2026, up from 106.08 in May 2026, marking a 0.34% month-on-month increase and an 8.58% year-on-year rise from 98.03 in June 2025. Read more

Pakistan's current account balance posted a deficit of $139 million in FY26 (Jul-Jun), against a surplus of $1.84bn in FY25, the latest data issued by the State Bank of Pakistan (SBP) revealed today. Read more

Pakistan's short-term inflation, measured by the Sensitive Price Indicator (SPI), increased by 1.40% for the week ended July 16, 2026, according to data released by the Pakistan Bureau of Statistics (PBS). Read more

Gold was steady on Friday, though the metal remained on pace for its steepest weekly drop in six weeks as intensifying US-Iran hostilities pushed oil prices upward, stoking inflation concerns and bolstering expectations of tighter US monetary policy. Read more

Global pharmaceutical industry is projected to grow at a CAGR of ~5-8%, with market size reaching $2.6tr by 2030 from the current $1.78tr, according to management of The Searle Company Limited (SEARL) at the Pakistan Investor Connect Conference organized by Topline Securities. Read more

National Refinery Limited expects the refinery policy to be finalized at the earliest, as most outstanding issues surrounding it have already been resolved, according to CEO Asad Hasan, who shared the company's operational updates, financial position and future outlook at the Pakistan Investor Connect Conference organized by Topline Securities. Read more

Agro Processors and Atmospheric Gases Limited (APAG) has had its entity Long Term rating upgraded to 'A' (Single A) from 'A-' (Single A Minus) by VIS Credit Rating Company, while the Short Term rating has been maintained at 'A2' (A Two), with a 'Stable' outlook. Read more

The Pakistan Credit Rating Agency Limited (PACRA) has maintained National Rural Support Programme's entity ratings at 'A' for the long term and 'A1' for the short term, with a 'Stable' outlook. Read more

The Pakistan Credit Rating Agency Limited (PACRA) has maintained Avanceon Limited's entity ratings at 'A' for the long term and 'A1' for the short term, with a 'Stable' outlook. Read more

CFA Society Pakistan has launched the first edition of the "Analyst Guide: Banking Sector", a comprehensive publication aimed at strengthening practical knowledge of Pakistan's banking industry for investment professionals, researchers, students, regulators, and financial journalists. Read more

A leading Dutch home textile company, The Beddinghouse, is set to establish a permanent corporate presence in Pakistan, investing in skilled human capital and partnering in circular textile innovation. Read more

Pakistan and China have agreed to enhance bilateral cooperation in the livestock sector, with a particular focus on increasing Pakistan's meat exports to China through Chinese investment in modern slaughterhouses and meat processing facilities. Read more

Copyright Mettis Link News

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