MG Morning Breeze: Updates to Skim before Market
MG News | July 22, 2026 at 06:31 AM GMT+05:00
July 22, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Negotiations between Petroleum Minister Ali Pervez Malik and the All Pakistan Petrol Pump Owners Association over the issue of daily fuel price revisions ended without an agreement, prompting the association to announce a nationwide strike. Read more
Pakistan has selected consortiums of leading international financial institutions to manage its Global Medium-Term Note (GMTN) and International Sukuk programs, a move aimed at broadening external funding sources and strengthening its long-term access to global capital markets. Read more
The government has called for expanding Pakistan's insurance sector, setting a target to increase insurance penetration from below one percent to 2–3% of GDP over the next five years to strengthen economic resilience, climate preparedness and sustainable growth. Read more
The Bank of Korea (BOK) will begin a pilot program for its 24-hour offshore won settlement network in September, marking another step toward expanding foreign investors' access to the country's financial markets. Read more
The Federal Constitutional Court has ruled that decisions finalized by competent authorities under the Land Reforms Regulation, 1972 cannot be reopened decades later through an administrative order. Read more
Pakistan and Uzbekistan are set to deepen their transport links as Uzbekistan's private carrier, Centrum Air, will launch direct scheduled flights between Karachi and Tashkent from September 3, 2026. Read more
The Executive Committee of the National Economic Council (ECNEC) is expected to consider a Tk 2,082.12 crore (BDT 20.82bn) project aimed at maintaining rural roads nationwide while generating employment for tens of thousands of disadvantaged women. Read more
The global semiconductor manufacturing equipment market is set to touch a record high in 2028, driven by rising investment in artificial intelligence (AI) infrastructure. Read more
Pakistan and Japan have moved to deepen cooperation on skilled workforce development and labour mobility, with both countries exploring measures to create more employment opportunities for Pakistani professionals in Japan. Read more
Shield Corporation Limited (PSX:SCL) has extended the buy-back period for the purchase of shares from its remaining shareholders to July 16, 2027, at a price of Rs750 per share, as part of the company's voluntary delisting from the Pakistan Stock Exchange (PSX). Read more
Itochu Corp. will launch a business in November to recover critical minerals from used smartphones and computers for resale, according to sources familiar with the matter, as Japan steps up efforts to strengthen domestic resource recycling. Read more
The Pakistan Stock Exchange (PSX) closed Tuesday's session slightly higher, with the benchmark KSE-100 Index extending its gains as selective buying in heavyweight banking and cement stocks helped offset selling pressure in oil, fertilizer, and refinery shares. Read more
The Pakistani rupee posted marginal gains against the US dollar in the interbank market on Tuesday, appreciating by 3.20 paisa, or 0.01%, to close at Rs277.92 per dollar, compared with the previous session's closing rate of Rs277.95. Read more
Sea Link Group & Associates, including Euroasia Terminals (Pvt.) Limited, have acquired 87,893,036 shares of Pakistan International Container Terminal Limited (PICT), representing 80.52% of the company's issued share capital and control. Read more
Pakistan and Iran are set to deepen cooperation on border management, regional security, trade and energy, as Iranian Interior Minister Eskandar Momeni arrived in Islamabad on Monday on an official visit, accompanied by a high-level delegation, with the trip expected to cover bilateral cooperation and economic collaboration between the two neighbouring countries. Read more
Mari Energies Limited (PSX: MARI) has denied allegations that its Gas Sale and Purchase Agreement (GSPA) with Petrosin CNG (Pvt) Limited was wrongly terminated, following news reports on the matter and the resulting ICC arbitration proceedings. Read more
Pakistan and China are set to deepen cooperation in ports, logistics and maritime sectors, as the federal government invited Chinese investors to expand their footprint in these areas, reiterating its commitment to transforming Pakistan into a regional transit trade, logistics and industrial hub. Read more
Pakistan and Canada reaffirmed their commitment to strengthening bilateral relations, expressing a shared resolve to expand cooperation through increased trade, investment, and people-to-people exchanges. Read more
Deputy Prime Minister/Foreign Minister Senator Muhammad Ishaq Dar reaffirmed the federal government's resolve to address the concerns of the people of Balochistan and to work towards fulfilling their legitimate aspirations for economic prosperity and development, while staying within the framework of the Constitution of Pakistan. Read more
Prime Minister Muhammad Shehbaz Sharif encouraged participants of the URAAN Overseas Pakistan Summer Scholars Program to use their education, research, and international exposure to contribute to Pakistan’s development and prosperity. Read more
Pakistan and China have signed nine pharmaceutical-sector agreements worth around $440 million between private enterprises from both countries, a development Prime Minister Shehbaz Sharif described as a major step forward in bilateral economic cooperation and the next phase of the China-Pakistan Economic Corridor (CPEC 2.0). Read more
Federal Minister for Petroleum Ali Pervaiz Malik has briefed a delegation of petroleum dealers on the transition from weekly to daily fuel price announcements, telling them the new mechanism would run on a seven-day rolling average of international prices aimed at improving transparency and curbing market distortions. Read more
The Securities and Exchange Commission of Pakistan (SECP) has approved the first Initial Public Offering (IPO) of fiscal year 2026-27, allowing Tasdeeq Information Services Limited to proceed with its listing on the Pakistan Stock Exchange (PSX). Read more
Fertilizer consumption in Pakistan recorded a mixed performance in June 2026, as overall nutrient offtake declined by 8.9% year-on-year to 373,000 tonnes, according to the Monthly Fertilizer Review released by the National Fertilizer Development Centre (NFDC). Read more
A fresh round of virtual negotiations between Pakistan and the International Monetary Fund (IMF) has ended in deadlock, with the two sides unable to agree on a mechanism to unwind close to Rs1.7tr worth of circular debt piled up in the gas sector. Read more
Interloop Limited (ILP) is on track for an earnings turnaround driven by timely capacity expansion and diversification across its Apparels, Denim, and Hosiery segments, according to JS Global Research. Read more
Pakistan's total power generation climbed to 128,700 GWh in FY26, up 1.2% from 127,160 GWh in FY25, driven mainly by higher output from imported coal, RFO and wind. Read more
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held talks with a delegation from Honeywell Technologies, led by Vice President and General Manager Barry Glickman, to explore opportunities for modernizing and expanding Pakistan’s refinery sector. Read more
The government has decided to release wheat stocks to the provinces under the MoUs signed with the Pakistan Agricultural Storage and Services Corporation (PASSCO), assuring that additional supplies will be made available whenever required to meet emerging demand. Read more
Gold prices edged higher on Tuesday as investors assessed renewed diplomatic efforts between the United States and Iran, while also evaluating the potential impact of easing geopolitical tensions on inflation and the U.S. Federal Reserve's monetary policy. Read more
Oil prices edged lower on Tuesday as investors balanced reports of mediation efforts aimed at securing a ceasefire between the United States and Iran against renewed military exchanges and fresh threats to regional energy supplies. Read more
Sitara Chemical Industries Limited (PSX: SITC) has clarified that an FIR registered by the Federal Investigation Agency (FIA), which names the company's Chief Executive Officer, primarily pertains to the affairs and operations of another, unrelated company, and that suggestions to the contrary are factually incorrect. Read more
In a major commitment to the world's largest automobile market, Honda Motor (China) Investment Co., Ltd. (HMCI), a wholly-owned Honda subsidiary in China, announced on July 20, 2026, that Honda and Guangzhou Automobile Group Co., Ltd. (GAC Group) have officially signed an agreement to extend the term of their joint venture, GAC Honda Automobile Co., Ltd. (GAC Honda), through 2038. Read more
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| 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 |
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| 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 | 66,840.00 66,340.00 | -45.00 -0.07% |
| BRENT CRUDE | 92.45 | 92.67 91.31 | 1.44 1.58% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -0.75 -0.70% |
| ROTTERDAM COAL MONTHLY | 119.65 | 120.25 119.50 | -0.25 -0.21% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 85.53 | 85.75 84.44 | 1.19 1.41% |
| SUGAR #11 WORLD | 14.90 | 14.97 14.76 | 0.08 0.54% |
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