MG Morning Breeze: Updates to Skim before Market
MG News | July 21, 2026 at 07:57 AM GMT+05:00
July 21, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices of High Speed Diesel (HSD) and Motor Spirit (MS) for July 21, 2026, under the revised petroleum pricing mechanism issued by the federal government. Read more
The Supreme Court of Pakistan has upheld the tax treatment of dividend income received by companies under Section 5 of the Income Tax Ordinance, 2001, ruling that such income is taxable at the prescribed dividend tax rate of 10% and cannot be subjected to the normal corporate tax rate of 35% under the head "Income from Other Sources." Read more
The total deposits held by scheduled banks have moved up by 15.07% YoY to Rs37.64 trillion in May 2026 compared to Rs32.72tr in May 2025 Read more
The return on bank deposits has decreased by 29 basis points to 4.05% in June 2026 compared to the deposit rate of 4.34% last month, according to the latest official data. Read more
Foreign investors ' repatriation of profit and dividends rose 3.87% YoY in 12MFY26 to $2.31 billion compared to $2.22bn worth of repatriation in the same period last year, the latest data issued by the central bank revealed. Read more
Artificial intelligence can significantly improve Pakistan's ability to monitor water resources, forecast river flows and manage transboundary water challenges, according to AI expert Asim Javid, Chief Executive Officer of AI GEO Navigators. Read more
JS Bank, one of Pakistan's fastest growing banks, has been recognized with three prestigious honours at the Asian Banking & Finance Awards 2026. Read more
The government of Pakistan has acquired an additional debt of Rs213.2 billion during the week ended July 10, 2026, which brings its total net borrowing for ongoing fiscal year 2027 to Rs1.94 trillion, according to the central bank's weekly estimates. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs497.06 billion WoW to Rs44.51 trillion as of July 10, 2026, data released by State Bank of Pakistan (SBP) showed. Read more
The Pakistani rupee (PKR) continued its upward trajectory against the US dollar on Monday, recording its 200th consecutive session of appreciation in the interbank market. Read more
The Pakistan Stock Exchange (PSX) ended Monday's session marginally higher, with the benchmark KSE-100 Index recovering from steep intraday losses as late-session buying in heavyweight banking and refinery stocks offset earlier selling pressure. Read more
The federal government has approved a revised pricing mechanism for petroleum products, aimed at minimizing the impact of rising international petroleum prices on consumers, with the new framework to take effect immediately, according to a Government of Pakistan, Ministry of Energy (Petroleum Division) letter. Read more
Reliance Weaving Mills Limited has entered a new line of business involving the manufacture and sale of home products and home textiles as part of its strategic business diversification plan, according to a notice submitted to the Pakistan Stock Exchange (PSX). Read more
More than 120 Memorandums of Understanding (MoUs), joint ventures, and commercial agreements worth over $1.7bn were signed between Pakistani and Chinese enterprises during the 6th Pakistan-China B2B Investment Conference on Pharmaceuticals, Biotechnology and Healthcare. Read more
Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs424,536 per tola, up Rs300. Read more
Arif Habib Limited has been named winner in three categories at this year's Euromoney Awards for Excellence, picking up the titles of Best Investment Bank 2026, Best Equity House 2026, and Best Bank for Research 2026. Read more
The shift to daily, Platts-linked petroleum pricing is expected to reduce volatility and eliminate several structural inefficiencies that have long affected Pakistan's downstream oil supply chain. Read more
Board changes shake up Quantum Data Technologies Limited (PSX: QTECH), with Mr. Khawaja Jahangir stepping down as Director and Mr. Hamza Yousaf set to join the Board, subject to completion of applicable corporate and regulatory formalities. Read more
Shareholders of LSE SPAC-I Limited (PSX: SPAC1) have unanimously approved the Draft Scheme of Arrangement for the merger of the company with and into Ningbo Green Light Energy Limited (NGLE), pursuant to Sections 279 to 283 of the Companies Act, 2017. Read more
Ittehad Chemicals Limited (PSX:ICL) has issued rated, unsecured, privately placed short-term sukuk certificates ("Sukuk-I") worth Rs 1.5bn to qualified institutional buyers (QIBs). Read more
Pakistan's Federal Constitutional Court (FCCP) has been unanimously admitted as an Observer to the Conference of Constitutional Jurisdictions of the Turkic World (TÜRK-AY), marking a significant milestone in the Court's engagement with the international constitutional justice community. Read more
Prime Minister Shehbaz Sharif has directed that all development projects of national importance be completed within their stipulated timelines while ensuring the highest quality standards, reaffirming the government's focus on timely execution to support economic growth and public welfare. Read more
Sui Northern Gas Pipelines Limited (SNGPL) has suspended RLNG supply to the urea plant of Agritech Limited (PSX: AGL) with effect from 00:00 hours on July 18, 2026, following a decision by the Government of Pakistan due to disruption in RLNG supplies arising from the prevailing regional situation. Read more
A range-extended electric version of the Jaecoo J6 is headed to Pakistan, with NexGen Auto teasing the launch of the Jaecoo J6 REEV. The model will mark the brand's first REEV offering in the local market, where the Jaecoo J6 EV is already on sale. Read more
Cotton prices are expected to remain firm through the second half of 2026, driven by a tightening global supply outlook, with the market's focus increasingly shifting toward the Southern Hemisphere crop cycle where weather risks are building, particularly in Australia, according to a report by BMI, a Fitch Solutions company. Read more
Supernet Technologies Limited (PSX: STL) plans to raise Rs914.77 million through a right issue to strengthen its working capital and partially settle outstanding consideration payable to its parent, Telecard Limited, for the acquisition of Supernet Limited, according to the company's draft offer document submitted to the Pakistan Stock Exchange (PSX). Read more
Asian markets opened on a mixed note on Monday as investors assessed escalating geopolitical tensions in the Middle East and looked ahead to a busy week of corporate earnings. Read more
Pakistan and China have emphasized the need for stronger regional cooperation to protect glaciers and mountain ecosystems, with proposed joint research and green investment platforms to address the shared threat of climate change. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Friday issued the following exchange rates. Read more
Pakistan and Venezuela have agreed to broaden economic cooperation and strengthen people-to-people contacts, with both sides identifying trade, investment, business, agriculture and information technology as key areas for expanded collaboration. Read more
Oil prices climbed on Monday as escalating military conflict between the United States and Iran stoked fears of disruptions to energy shipments through the Strait of Hormuz, following fresh U.S. strikes and further American casualties. Read more
K-Electric (KE) has partnered with Mashreq Pakistan to offer cashback rewards of up to Rs10,000 to the utility's customers who hold a current account with the bank and pay their electricity bills digitally. Read more
Pakistan State Oil (PSO), in coordination with Law Enforcement Agencies (LEAs), foiled an organized fuel theft attempt on the Sihala–ARL pipeline during a midnight operation on July 15-16, 2026, recovering nearly 2,000 litres of High-Speed Diesel (HSD) and apprehending the suspects red-handed. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 176,133.57 448.77M | 0.12% 205.83 |
| ALLSHR | 106,568.82 1,000.73M | 0.14% 149.03 |
| KSE30 | 52,663.90 106.37M | 0.09% 48.09 |
| KMI30 | 247,838.42 145.61M | 0.01% 22.07 |
| KMIALLSHR | 68,255.80 586.07M | 0.03% 23.11 |
| BKTi | 50,243.89 28.25M | 0.32% 158.69 |
| OGTi | 34,622.42 7.25M | -0.35% -120.21 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 66,475.00 | 66,515.00 65,165.00 | 1290.00 1.98% |
| BRENT CRUDE | 89.74 | 90.06 87.87 | 0.52 0.58% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -1.25 -1.17% |
| ROTTERDAM COAL MONTHLY | 119.80 | 0.00 0.00 | -0.10 -0.08% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 83.01 | 83.38 81.39 | 0.53 0.64% |
| SUGAR #11 WORLD | 14.82 | 14.92 14.77 | 0.00 0.00% |
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