MG Morning Breeze: Updates to Skim before Market
MG News | September 02, 2026 at 08:02 AM GMT+05:00
September 02, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of High-Speed Diesel (HSD) by Rs0.51 per litre and Motor Spirit (petrol) by Rs1.08 per litre, effective September 2, 2026. Read more
Fitch Ratings has assigned a 'B-' rating to Pakistan's proposed US dollar-denominated bond, along with a Recovery Rating of 'RR4', reflecting average recovery prospects for investors in case of default. Read more
Pakistan is targeting export-led economic growth and greater private-sector investment under CPEC Phase-II, with the government pushing business-to-business cooperation, industrial development, agricultural modernization and technology as key drivers of the next phase. Read more
The government is working to build a responsible, transparent, and well-structured digital assets ecosystem that supports innovation while maintaining appropriate safeguards. Read more
Water is the lifeblood of the region as it sustains millions of lives, nourishes lands and secures the future of coming generations, Prime Minister Shehbaz Sharif said, adding that water must never be weaponised or used as an instrument of political coercion. He said the treaties governing shared waters are binding commitments that must be honoured unconditionally in letter and spirit. Read more
Pakistan has formally assumed the Chairmanship of the Shanghai Cooperation Organization (SCO) for the coming year, with Prime Minister Shehbaz Sharif stating that the country's tenure will be guided by the theme "Turning Vision into Action: Connectivity, Innovation and Shared Prosperity." Read more
Pakistan's economy is expected to sustain its recovery momentum in the coming months, backed by improving macroeconomic fundamentals, continued fiscal discipline, and a stable financial environment, according to the Finance Division's Monthly Economic Update and Outlook for August 2026. Read more
Pakistan’s benchmark KSE-100 Index closed Tuesday’s trading session at 176,466.99, shedding 508.68 points or 0.29%, as heavy selling in commercial banks and cement stocks outweighed gains in technology, fertilizer and selected exploration companies. Read more
Ghani Chemical Industries Limited (GCIL) disclosed that a third party has received a Letter of Intent (LOI) from Oil & Gas Development Company Limited (OGDCL) relating to the proposed purchase of raw saturated gas from the Jandran Field. Read more
The Pakistani rupee strengthened slightly against the US dollar in Tuesday’s interbank trading, gaining 0.91 paisa to close at PKR 277.46 per dollar, compared with the previous session’s close of PKR 277.47. Read more
The National Consumer Price Index (CPI) increased by 11.1% on a year-on-year basis in August 2026, rising from 9.2% in the previous month and up sharply from 3.1% in August 2025. Read more
Pakistan has launched the process for a benchmark U.S. dollar-denominated dual-tranche Eurobond, which marks a significant step toward restoring the country's access to international capital markets after an extended absence. Read more
The book-building portion of Naya Nazimabad Apartment REIT (NNAR) was fully subscribed within the first hour of bidding, attracting strong interest from institutional and high-net-worth investors. Read more
The Competition Commission of Pakistan (CCP) has authorized the proposed merger of LSE SPAC-I Limited (PSX: SPAC1) with and into Ningbo Greenlight Energy Limited (NGLE). Read more
Foundation Securities has named Faran Rizvi as its new Chief Executive Officer. Read more
Bestway Cement Limited (PSX:BWCL) shareholders have declined the offer of right shares from its subsidiary Bestway Automotive (Private) Limited (BAL) in a meeting held on August 31, 2026. Read more
Banks and Development Finance Institutions (DFIs) have surrendered their unclaimed deposits up to December 31, 2025, to the State Bank of Pakistan (SBP). Read more
Askari Life Assurance Company Limited (PSX:ALAC) has completed the transfer of fifty-one percent (51%) shareholding from the Army Welfare Trust (AWT) to Fauji Foundation (FF), with the transaction executed on August 28, 2026. Read more
Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs465,336 per tola, down Rs800. Read more
The government of Pakistan has acquired an additional debt of Rs212 billion during the week ended August 21, 2026, which brings its total net retirement for ongoing fiscal year 2027 to Rs211.64bn, 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 Rs98.86 billion WoW to Rs43.73 trillion as of August 21, 2026, data released by State Bank of Pakistan (SBP) showed. Read more
For decades, Pakistan’s narrow tax base was commonly attributed to the state’s inability to see large parts of the economy. Business transactions were conducted predominantly in cash, ownership records remained fragmented and government institutions rarely exchanged information. Read more
Unity Foods Limited (PSX:UNITY) has clarified that the Company itself has not been named as an accused in the FIR registered against certain current and former officers and directors of the Company and its wholly-owned subsidiary, stating that the allegations remain unproven and relate to the individual conduct of the named officers rather than any wrongdoing by the Company. Read more
The Federal Board of Revenue (FBR) collected Rs1,722 billion in taxes during the first two months of FY27, exceeding the two-month tax collection target of Rs1,710bn by Rs12bn, sources said. Read more
Pakistan and Iran have vowed to deepen their close and longstanding ties, with both sides emphasizing the need to further strengthen bilateral relations across all areas of mutual cooperation, in line with decisions taken during President Masoud Pezeshkian's visit to Pakistan in June this year. Read more
The Initial Public Offering of Agro Processors and Atmospheric Gases Limited (SOYASUP) has concluded its book-building process at a strike price of Rs33.00 per share, following two days of bidding on August 27 and 28, 2026. Read more
VIS Credit Rating Company Limited (VIS) has maintained the entity ratings of J.K Spinning Mills Limited at 'A-/A1' (Single A Minus/A-One), with the outlook on the assigned ratings retained at 'Stable'. Read more
Oil prices advanced on Tuesday as renewed fighting between the U.S. and Iran intensified concerns over potential supply disruptions from the Middle East, a major global crude-producing region. Read more
Pakistan and Uzbekistan have reaffirmed their commitment to further strengthening their Strategic Partnership, with both sides agreeing to translate their strong political relationship into tangible economic benefits, including a shared target of raising bilateral trade to $2bn by 2029. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. Read more
The Pakistan Credit Rating Agency Limited (PACRA) has entered into a Memorandum of Understanding (MoU) with Lianhe Ratings Global Limited (Lianhe Global), the international arm of one of China’s largest credit rating groups. Read more
Gold prices eased on Tuesday, as investors weighed Middle East tensions against key US labour market data due later this week that could shape the Federal Reserve's monetary policy path. Read more
Cordoba Financial Services Limited (CFSL), an 80% shareholding subsidiary of Cordoba Logistics & Ventures Limited (PSX: CLVL), has appointed Topline Securities Limited, LSE Capital Limited and Growth Securities Limited as joint lead consultants and financial advisors for its proposed initial public offering (IPO) and listing on the Pakistan Stock Exchange (PSX). Read more
Lotte Chemical Pakistan Limited has entered into a share purchase agreement with Engro Corporation Limited for the acquisition of its entire shareholding in Engro Polymer & Chemicals Limited (EPCL), involving approximately 56.19% of EPCL’s issued and paid-up ordinary share capital. Read more
Asian equities slid on Tuesday as fears of a fresh escalation in the Middle East conflict rattled investor confidence across the region. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 176,466.99 391.91M | -0.29% -508.69 |
| ALLSHR | 107,178.51 781.97M | -0.24% -253.36 |
| KSE30 | 52,632.43 92.87M | -0.13% -70.29 |
| KMI30 | 251,849.50 126.87M | 0.08% 192.66 |
| KMIALLSHR | 69,352.60 533.28M | -0.09% -65.04 |
| BKTi | 49,554.95 34.44M | -0.88% -441.23 |
| OGTi | 36,109.95 10.99M | 0.10% 35.12 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 77,785.00 | 77,890.00 76,915.00 | 240.00 0.31% |
| BRENT CRUDE | 95.45 | 97.04 95.14 | 0.80 0.85% |
| RICHARDS BAY COAL MONTHLY | 122.50 | 122.50 122.00 | 1.60 1.32% |
| ROTTERDAM COAL MONTHLY | 135.55 | 135.55 133.95 | 1.75 1.31% |
| USD RBD PALM OLEIN | 1,228.00 | 1,228.00 1,228.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 90.79 | 92.29 90.57 | 0.57 0.63% |
| SUGAR #11 WORLD | 18.38 | 18.41 17.67 | 0.57 3.20% |
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