MG Morning Breeze: Updates to Skim before Market
MG News | September 01, 2026 at 07:40 AM GMT+05:00
September 01, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) has slightly increased the rate of remuneration on the Special Cash Reserve Account (US$) to 2.71% for September 2026 from 2.66% in August 2026 and 2.65% in July 2026. Read more
The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of Motor Spirit (petrol) by Rs0.77 per litre while reducing the price of High-Speed Diesel (HSD) by Rs1.03 per litre, effective September 1, 2026. Read more
State Bank of Pakistan purchased $154m from the interbank foreign exchange market in May 2026, according to data released by its Domestic Markets & Monetary Management Department. Read more
Pakistan’s domestic demand recovery continued into the start of FY27, with momentum strengthening across several major sectors, although the pace remained uneven, according to Khurram Schehzad. Read more
The Committee on Genetically Modified (GM) Corn has agreed to finalize a comprehensive transition and implementation framework for the commercialization of genetically modified maize in Pakistan, with the government stating that the exercise would move beyond policy formulation into actual implementation and transition. Read more
Pakistan has secured a major achievement at the Kazan Global Youth Summit 2026, as a five-member international team including a Pakistani representative claimed first position in the innovation competition organised by the Islamic World Educational, Scientific and Cultural Organization (ICESCO) under the theme "INNOVERSE 50+: For a Resilient Future." Read more
Pakistan is set to strengthen its presence in Saudi Arabia’s rapidly expanding technology market as Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja participates in LEAP 2026 in Riyadh. Read more
Prime Minister Muhammad Shehbaz Sharif arrived in Bishkek on Monday for a three-day official visit to the Kyrgyz Republic, where he will attend key Shanghai Cooperation Organization (SCO) meetings and hold bilateral discussions with Kyrgyz and other participating leaders. Read more
The government has introduced new risk-sharing and reinsurance initiatives aimed at expanding Pakistan’s export base, improving financing access for small and medium enterprises (SMEs) and creating a more sustainable, private-sector-led growth model. Read more
Pakistan and Italy reaffirmed their commitment to further strengthening bilateral relations, particularly in trade, investment, agriculture, labour mobility and people-to-people exchanges, as Acting President Syed Yousuf Raza Gilani called for expanded cooperation while receiving Italian Ambassador Ugo Ciarlatani, who called on him at Aiwan-e-Sadr. Read more
The Pakistani rupee extended its winning streak against the US dollar on Monday, appreciating by 2.87 paisa in the interbank market to close at PKR 277.47, up from Friday's PKR 277.50. Read more
Pakistan’s benchmark KSE-100 Index closed Monday’s trading session at 176,975.67, shedding 720.83 points or 0.41%, as heavy selling in commercial banks, technology and cement stocks outweighed gains in refinery and selected energy stocks. Read more
The Mecca Joint Defense Agreement has drawn interest from six to seven Muslim-majority countries, Pakistan has confirmed, as senior diplomats from Pakistan, Saudi Arabia and Turkiye met in Istanbul to discuss security and military cooperation, according to Bloomberg. Read more
The government of Pakistan has reaffirmed its commitment to strengthening bilateral cooperation with the Russian Federation in the railway sector, aimed to enhance regional connectivity, facilitate international trade and modernise Pakistan Railways. Read more
Pakistan Single Window (PSW) and the Trade Development Authority of Pakistan (TDAP) have intensified efforts to bring more women entrepreneurs into international trade through training, digital trade facilitation and market-access initiatives under the Khadijah Women Entrepreneurship Program. Read more
Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs466,136 per tola, down Rs1,800. Read more
The Central Directorate of National Savings (CDNS) has mobilized Rs313 billion from July 1 to August 20, meeting its savings mobilization target for the period and recording a strong start to fiscal year 2026-27. Read more
Pakistan's telecom operators have called for the repeal of a public procurement clause that allows state-owned entities to secure government contracts directly, warning that the provision is crowding out private sector players and undermining innovation in the technology sector. Read more
Mughal Energy Limited (MEL), a subsidiary of Mughal Iron & Steel Industries Limited, has successfully commissioned the main 31.50MW turbine of its captive hybrid power plant project and achieved its Commercial Operation Date (COD), following completion of all requisite testing and commissioning activities. Read more
Rehabilitation of the fire-damaged Steam Turbine-16 at the Guddu 747 Power Plant could bring generation costs down from Rs13.87 to Rs9.68 per unit, a reduction of Rs4.19 per unit, while unlocking an additional 297 MW of capacity, a 66% increase over current output, ensuring the country draws maximum value from its existing generation assets. Read more
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has emphasized thst ports must contribute to the development of port cities through jobs, tax revenues, logistics, industrial activity and waterfront regeneration, stressing the need to restore their role as drivers of urban economic growth and providers of healthcare to surrounding communities. Read more
The Central Development Working Party (CDWP) approved five development projects worth a combined Rs60.26bn, with three projects worth Rs11.71bn cleared directly by the CDWP and two major projects worth Rs48.545bn recommended to the Executive Committee of the National Economic Council (ECNEC) for further consideration. Read more
FBR's Regional Tax Office-II (RTO-II) Karachi has dismantled an illegal cigarette manufacturing unit operating on the outskirts of the city, sealing the facility and confiscating plant, machinery, and stock worth an estimated Rs200mn, as part of a wider crackdown on illicit tobacco trade. Read more
Oil prices moved higher Monday as concerns over potential supply disruptions intensified following a U.S. strike on two Iranian rocket launchers on Larak Island in the Strait of Hormuz. Read more
Clover Pakistan Limited (PSX:CLOV) has informed that Irbanah Ventures International LLC-FZ has acquired shares of the company through market purchases. Read more
The Federal Investigation Agency has registered a criminal case against the former leadership of Unity Foods Limited (PSX: UNITY), accusing them of a multi-year scheme that allegedly siphoned billions of rupees out of the KSE-100-listed edible-oil major and left a Rs 44.7 billion gap between its published accounts and its own internal records. Read more
Gold extended its losses on Monday, sliding to its lowest level in nearly two weeks after Federal Reserve Chair Kevin Warsh indicated that further interest rate hikes could be necessary to keep inflation in check. Read more
Indus Motor Company Limited (PSX: INDU) recorded an 11% increase in its net profit for the year ended June 30, 2026, with profit after taxation climbing to Rs25.51bn from Rs23.01bn in the corresponding period last year. Read more
LSE Capital Limited (PSX: LSECL), jointly with Topline Securities and Growth Securities, has secured the financial advisory and IPO mandate for the listing of Cordoba Financial Services Limited (CFSL), a majority-owned subsidiary of Cordoba Logistics & Ventures Limited (PSX: CLVL). Read more
Power Cement Limited (PSX: POWER) reported an extraordinary 4.6x (364%) surge in its net profit for the fiscal year ended June 30, 2026, reaching Rs3.78bn compared to Rs815m in the preceding year. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read more
Lotte Chemical Pakistan Limited (PSX: LOTCHEM) plans to increase its authorized share capital from Rs20bn to Rs40bn, subject to approval from the company’s members. Read more
Kohat Cement Company Limited (PSX: KOHC), along with a consortium of prominent corporate entities, has expressed interest in acquiring a controlling stake in Faisalabad Electric Supply Company Limited (FESCO), the company disclosed to the Pakistan Stock Exchange. Read more
Asian markets fell sharply Monday as renewed tensions in the Middle East rattled investor sentiment after U.S. forces struck Iranian rocket launchers on Larak Island in the Strait of Hormuz. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 176,975.68 493.82M | -0.41% -720.83 |
| ALLSHR | 107,431.86 931.76M | -0.25% -273.32 |
| KSE30 | 52,702.72 115.23M | -0.44% -230.31 |
| KMI30 | 251,656.83 112.23M | -0.06% -141.76 |
| KMIALLSHR | 69,417.64 615.58M | -0.04% -24.98 |
| BKTi | 49,996.18 61.58M | -0.98% -495.13 |
| OGTi | 36,074.83 7.40M | 0.04% 12.62 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 78,705.00 | 79,405.00 78,420.00 | -540.00 -0.68% |
| BRENT CRUDE | 91.25 | 91.35 90.80 | 0.76 0.84% |
| RICHARDS BAY COAL MONTHLY | 117.00 | 0.00 0.00 | -2.10 -1.76% |
| ROTTERDAM COAL MONTHLY | 133.25 | 133.25 133.25 | 1.80 1.37% |
| USD RBD PALM OLEIN | 1,228.00 | 1,228.00 1,228.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 86.80 | 86.82 86.13 | 1.04 1.21% |
| SUGAR #11 WORLD | 17.79 | 17.90 17.58 | 0.23 1.31% |
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