MG Morning Breeze: Updates to Skim before Market

July 28, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• CCoE to meet today on Oil Refining Policy Amendments

The Cabinet Committee on Energy (CCoE) is scheduled to meet today at 9:30 a.m. at the Prime Minister's House, with Prime Minister Shehbaz Sharif in the chair, to deliberate proposed amendments to the Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023. Read more

• Govt cuts petrol by Rs1, raises diesel by Rs3.37 from July 28

The government has increased the price of High-Speed Diesel (HSD) by Rs3.37 per liter to Rs386.83, while cutting the price of petrol by Rs1 per liter to Rs334.18, effective July 28, 2026. Read more

• ECC unveils major export incentive package to boost industry

The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a comprehensive package of export promotion measures, including subsidized financing facilities and a performance-based rebate scheme, aimed at strengthening Pakistan’s export sector and improving the participation of small and medium-sized enterprises (SMEs). Read more

• Pakistan’s consumer confidence falls below 36 points in July 2026

The Consumer Confidence Index (CCI) in Pakistan remained broadly stable at 35.8 points in July 2026, down from 36.1 points in June 2026, according to a survey report released by the State Bank of Pakistan (SBP). Read more

• SBP's FX purchases slow to $635m in April

State Bank of Pakistan purchased $635m from the interbank foreign exchange market in April 2026, according to data released by its Domestic Markets & Monetary Management Department. Read more

• Pakistan BCI jumps past 52 points in July 2026

The overall Business Confidence Index (BCI) rose by 4.2 points to 52.4 in July 2026, the latest results of the Business Confidence Survey (BCS), conducted by the State Bank of Pakistan (SBP) in collaboration with the Institute of Business Administration (IBA), showed. Read more

• Pakistan, China sign $1.4bn investment deals to boost industry

Pakistan and China strengthened their economic partnership with the signing of investment and commercial agreements worth around $1.4bn during the Pakistan-China Business Conference, paving the way for increased industrial collaboration, technology transfer, and local manufacturing. Read more

• Govt unveils new oversight body to fast-track access to finance plan

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday chaired the inaugural meeting of the Access to Finance Steering Committee, marking the formal launch of the government's oversight mechanism for implementing the Prime Minister's Access to Finance Plan 2026–2028. Read more

• Gold price in Pakistan rises Rs4,000 per tola

Gold price in Pakistan increased on Monday, with 24-karat gold being sold at Rs431,736 per tola, up Rs4,000. Read more

• PSX Closing Bell: Good Times Roll

The Pakistan Stock Exchange (PSX) extended its strong rally on Monday, with the benchmark KSE-100 Index surging over 7,200 points as easing geopolitical tensions and a sharp decline in global oil prices continued to boost investor sentiment. Read more

• PKR holds firm, extends winning run against USD

The Pakistani rupee continued its upward trend against the US dollar on Monday, marking another session of appreciation in the interbank market. Read more

• Fauji Foods delivers highest-ever H1 revenue at Rs16.8bn

Fauji Foods Limited (PSX: FFL) posted its highest-ever H1 revenue of Rs16.77 billion for H1'2026, up 12.6% over the same period last year (SPLY). Read more

• SBP sees current account deficit at up to 1% of GDP in FY27

State Bank of Pakistan (SBP) Governor Jameel Ahmad projected a modest widening in Pakistan's external account during FY27, while expressing confidence that foreign exchange reserves, remittances, and exports will continue to improve despite an uncertain global environment. Read more

• Fauji Foods profit drops 24% in 1HCY26 despite revenue growth

Fauji Foods Limited (PSX: FFL) recorded a 24% decline in its net profit for the half year ended June 30, 2026, with profit for the period falling to Rs559.87m from Rs734.33m in the corresponding period last year. Read more

• SBP keeps policy rate unchanged at 11.5%

The Monetary Policy Committee (MPC) has unanimously decided to keep the policy rate unchanged at 11.5% in its meeting held on July 27, 2026, assessing that the current stance remains appropriate to steer inflation towards the 5-7% target range over the medium term. Read more

• Pakistan's next growth phase rests on exports, investment

The government's economic priorities have shifted from stabilization to sustainable growth, anchored in higher exports, greater investment, fiscal discipline and continued structural reforms. Read more

• WorldCall to slash share capital by 90%, split stock

Pakistan's paid-up ordinary share capital of WorldCall Telecom Limited (PSX: WTL) is set to be reduced by around 90%, followed by a stock split, after the Lahore High Court sanctioned the restructuring under an order dated July 08, 2026. Read more

• Ginners flags fabric import loopholes under EFS

Pakistan's cotton industry is confronting a two-front crisis, with fresh allegations of under-invoiced Chinese fabric imports under the Export Facilitation Scheme (EFS) surfacing just as heavy rains and flood risks threaten the standing cotton crop. Read more

• ECC to review export subsidy, energy proposals today

The Economic Coordination Committee (ECC) is scheduled to meet today to consider a range of proposals related to exports, energy, petroleum and budgetary matters. Read more

• Meezan Bank achieves PCI DSS v4.0.1 security certification

Meezan Bank has achieved PCI DSS v4.0.1 certification following a comprehensive assessment conducted by Risk Associates, a globally recognized PCI Qualified Security Assessor (QSA). Read more

• Federal PSDP FY26 expenditure overshoots allocation by 12%

Pakistan's federal Public Sector Development Programme (PSDP) recorded actual expenditure of Rs916.02bn for July-June 2025-26, exceeding the original allocation of Rs820.51bn by 11.64%. Read more

• PICT expands into logistics services business

Pakistan International Container Terminal Limited (PSX:PICT) has entered into the logistics services business, encompassing delivery of containers from container terminals, transportation, cargo handling at container terminals, and last-mile delivery, in line with the company's future business plan. Read more

• Transporters press govt for relief amid nationwide strike threat

Pakistan Goods Transport Alliance President Malik Shahzad Awan met Sindh Governor Syed Muhammad Nehal Hashmi on Sunday to discuss the challenges facing the transport sector, including rising petroleum prices, toll taxes, withholding taxes, and the implementation of the December agreement. Read more

• PACRA reaffirms Engro Fertilizers' 'AA' rating with stable outlook

PACRA has maintained Engro Fertilizers Limited's (PSX: EFERT) long-term rating at 'AA' and short-term rating at 'A1+', with a stable outlook and no rating watch attached. Read more

• PACRA maintains long term entity rating of Fatima Fertilizer at AA+

The Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of Fatima Fertilizer Company Limited (PSX:FATIMA), keeping the long-term rating at AA+ and short-term rating at A1+, with a stable outlook, unchanged from the previous review conducted a year earlier. Read more

• China's rice cloning breakthrough could boost global food security

Chinese researchers have developed a breakthrough technology that enables hybrid rice to reproduce through cloning, a development that could reshape traditional seed production and strengthen global food security. Read more

• Govt to ease business registration, expand SME support

The government has reaffirmed its commitment to creating a business-friendly environment through simplified regulations, industrial development, SME facilitation and an expanded manufacturing base. Read more

• SBP Monetary Policy Decision

The recent upgrade of Pakistan's credit rating by S&P to ‘B’ (up from ‘B-’) with a Stable outlook confirms the stabilisation achieved under the IMF, but it does not create any opportunity for a rate reduction. Read more

• MPC in Pause Mode Today

The central bank is expected to keep its benchmark policy rate unchanged at 11.5% in today’s Monetary Policy Committee (MPC) meeting, extending a cautious pause as policymakers weigh improving domestic fundamentals against mounting external uncertainties. Read more

• Pakistan's mangroves could generate up to $50m a year in carbon revenue

Pakistan's mangrove forests could generate $20–50 million annually in carbon-market revenue, depending on carbon-credit prices and volumes, according to Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry. Read more

• Pakistan, Kazakhstan sign MoC for joint research centre

Pakistan and Kazakhstan have agreed to establish a joint research centre at Al-Farabi Kazakh National University under a Memorandum of Cooperation, aimed at deepening bilateral cooperation in higher education, research, science, technology and innovation. Read more

• PSX Opening Bell: Early Cheer Lifts PSX

The Pakistan Stock Exchange (PSX) opened the week on a strong note, with the benchmark KSE-100 Index surging over 5,000 points in early trading as easing geopolitical tensions and a sharp decline in global oil prices improved investor sentiment. Read more

• Gold rises on falling oil prices, weaker dollar ahead of fed

Gold prices advanced more than 1% on Monday after easing tensions between the United States and Iran pushed oil prices and the U.S. dollar lower, improving demand for the safe-haven metal ahead of this week's Federal Reserve policy meeting. Read more

• Govt's new tax model to reduce discretion, boost transparency

The government is rolling out a New Tax Operating Model (NTOM) that shifts Pakistan's tax administration from an officer-driven system to a data-led, technology-enabled and faceless setup, Advisor to the Finance Minister Khurram Schehzad said, outlining the reform alongside FY2026-27 budget priorities at the National Tax Seminar. Read more

• Engro Holdings buys back 1m shares at Rs266 each

Engro Holdings Limited (PSX: ENGROH) purchased 1,000,000 of its own shares through the Pakistan Stock Exchange on July 24, 2026, at an average price of Rs266 per share. Read more

• Oil slides over 4% after Iran indicates pause in attacks

Oil prices declined on Monday after Iran reportedly signaled it would suspend military operations if the United States maintains its pause in strikes, reducing concerns over potential disruptions to global energy supplies following nearly two weeks of heightened conflict. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read more

• Asian markets rise, oil slumps after U.S. Iran ceasefire

Asian markets traded higher on Monday as easing tensions between the United States and Iran boosted investor confidence and triggered a sharp decline in oil prices, while attention shifted to a busy week of corporate earnings and the U.S. Federal Reserve's policy decision. Read more

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