MG Morning Breeze: Updates to Skim before Market

July 29, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Petrol up Rs1.63, diesel up Rs1.55 effective July 29

The government has raised the price of petrol by Rs1.63 per liter to Rs335.81, and High Speed Diesel (HSD) by Rs1.55 per liter to Rs388.38, effective July 29, 2026. Read more

• Global EV growth slows amid declining China, US registrations

Global registrations of fully electric vehicles (BEVs) continued to increase during the first half of the year, though the pace of expansion slowed significantly as demand weakened in key markets, according to a report by consultancy PwC. Read more

• Refining breakthrough clears way for $6bn upgrades

Pakistan's oil refining industry welcomed the government's approval of amendments to the Oil Refining Policy 2023 on Tuesday, calling it a watershed moment that ends years of regulatory uncertainty and paves the way for up to $6 billion in long-delayed investment to modernize the country's refining sector. Read more

• Tariq Corporation sees 85% subscription in right shares issue

Tariq Corporation Limited (PSX:TCORP) has received a total of Rs269,919,921 against its right shares subscription, representing 85.45% of the total issue size, according to details provided by the banker to the issue and the Central Depository Company of Pakistan (CDC). Read more

• PKR maintains positive momentum against USD

The Pakistani rupee edged up further against the US dollar on Tuesday, extending its recent run of gains in the interbank market as it settled at PKR 277.85, up 0.96 paisa from Monday's close of PKR 277.86. Read more

• Pakistan Customs foils two smuggling bids, seizes goods worth Rs158m

Pakistan Customs has thwarted two separate smuggling attempts at Silk Route Dry Port, Sost, in Gilgit-Baltistan, seizing 317 concealed mobile phones valued at around Rs77mn and recovering approximately 3,540 bottles of foreign-origin liquor worth an estimated Rs81mn. Read more

• PSX Closing Bell: A Slight Step Back

The Pakistan Stock Exchange (PSX) retreated on Tuesday as investors resorted to profit-taking following Monday's strong rally, with the benchmark KSE-100 Index surrendering some of its previous session's gains. Read more

• S&P expects SBP to stay cautious despite improving economy

S&P Global Market Intelligence believes Pakistan's monetary policy is likely to remain cautious despite an improving macroeconomic backdrop, as inflationary pressures and external risks continue to shape the country's economic outlook. Read more

• PTC posts massive turnaround, reports Rs4.7bn profit in 1HCY26

Pakistan Telecommunication Company Limited (PSX: PTC) reported a massive financial turnaround for the six months ended June 30, 2026 (1HCY26), posting a consolidated net profit of Rs4.67bn. Read more

• Pakistan's marine bunkering push gains momentum at Gwadar

Pakistan has successfully completed its second marine bunkering operation at Gwadar Port, marking another step in strengthening the country's capability to provide internationally compliant marine fuel services across all three of its major commercial ports. Read more

• Punjab unveils Rs9.7bn rail safety plan, expands joint railway projects

Pakistan Railways and the Punjab government are advancing a series of joint development projects aimed at modernizing railway infrastructure, improving passenger services, enhancing safety and preserving the country's railway heritage. Read more

• ITANZ FY26 profit jumps 69%

Itanz Technologies Limited (PSX: ITANZ) reported a strong 69% increase in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs583.43m compared to Rs344.84m in the preceding year. Read more

• PSX to hold Rs150bn GoP Sukuk auction on Aug 4

The Pakistan Stock Exchange (PSX) will conduct the 13th GoP Hybrid Sukuk (GHS) auction of 3 and 5-Year Fixed Rental Rate (FRR) fresh issue and the 37th GoP Ijarah Sukuk (GIS) auction of 10-Year Fixed Rate Zero Coupon fresh issue on Tuesday, August 4, 2026, through the PSX Auction System, with bidding scheduled from 10:00 a.m. to 12:00 p.m. Read more

• Archroma Pakistan posts 47% profit growth in 9MFY26

Archroma Pakistan Limited (PSX: ARPL) recorded a robust 47% increase in its net profit for the nine months ended June 30, 2026, with profit for the period climbing to Rs1.34bn from Rs913.91m in the corresponding period last year. Read more

• HINO Q1 profit halves to Rs209m

Hinopak Motors Limited (PSX: HINO) reported a 50% decline in its net profit for the first quarter ended June 30, 2026 , recording Rs209.69m compared to Rs416.82m in the corresponding period last year. Read more

• Gold price in Pakistan falls Rs4,300 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs427,436 per tola, down Rs4,300. Read more

• SECP unveils updated Master Circular, raises investment limits

The Securities and Exchange Commission of Pakistan (SECP) has issued an updated Master Circular for Asset Management Companies (AMCs) and Investment Advisers (IAs), consolidating all mutual fund and investment advisory regulations issued between January 6, 2009 and June 30, 2026 into a single reference document. Read more

• Symmetry Group subsidiary Aurion.AI applies for PSX listing

Symmetry Group Limited's (PSX:SYM) subsidiary, Aurion.AI Limited, has formally submitted its application for listing on the Pakistan Stock Exchange (PSX) through its Consultant to the Issue, LSE Capital Limited. Read more

• Pakistan explores 1m-tonne wheat import to meet provincial needs

Pakistan is exploring the import of approximately one million tonnes of wheat after provincial demand for stocks held by Passco was found to exceed available supplies. Read more

• PM greenlights refinery policy amendments, seeks Gulf funding

Pakistan has approved amendments to the Oil Refining Policy 2023 to fast-track the modernization of existing refineries, expand the production of cleaner Euro-V fuels, attract an estimated $6bn in investment, and strengthen the country's long-term energy security. Read more

• Islamic banks' liquidity toolkit widens, but conventional gap persists

Islamic banks have seen a marked expansion in liquidity-management instruments across major markets over the past decade, helping them meet funding needs and deploy surplus liquidity more effectively. Read more

• Pakistan's Export Strategy Needs a Reset

For many years, Pakistan's export strategy has largely focused on expanding exports through market access, trade agreements and export promotion. While this approach remains important, the nature of global competition has fundamentally changed. Read more

• Pakistan, Qatar strengthen internal security partnership

Pakistan and Qatar have agreed to expand bilateral cooperation in internal security, reaffirming their commitment to closer collaboration on regional and mutual security matters. Read more

• President Zardari orders swift implementation of Sindh-China cooperation

President Asif Ali Zardari has called for accelerated implementation of agreed projects between the Government of Sindh and Chinese companies, instructing that all outstanding procedural and technical matters be resolved without delay. Read more

• Govt retires Rs351bn debt in a week

The government of Pakistan has retired a debt of Rs351.25 billion during the week ended July 17, 2026, which brings its total net retirement for ongoing fiscal year 2027 to Rs606.45bn, according to the central bank's weekly estimates. Read more

• M2 falls by Rs710bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs709.72 billion WoW to Rs43.8 trillion as of July 17, 2026, data released by State Bank of Pakistan (SBP) showed. Read more

• Gold steadies near $4,044 as dollar firms

Gold prices retreated on Tuesday as a firmer dollar weighed on bullion, with investors awaiting the Federal Reserve's u%oming policy decision for direction on interest rates. Read more

• Oil falls below $88 on easing U.S. Iran tensions

Oil prices extended their decline on Tuesday as signs of a temporary easing in tensions between the United States and Iran reduced immediate fears of disruptions to global energy supplies. Read more

• Khurram Schehzad details growth push amid fiscal discipline

The Government of Pakistan is building its long-term economic agenda around sustained macroeconomic stability, structural reforms, and private-sector-led growth, with recovery over the past two to three years already showing improvement across key indicators. Read more

• NBP issues foreign exchange rates

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

• Asian markets open lower; South Korea’s Kospi slides nearly 6%

Asian markets opened lower on Tuesday, led by a sharp selloff in South Korea, as investors turned cautious ahead of a packed week of major U.S. corporate earnings, the Federal Reserve's policy decision, and key economic data. Read more

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