MG Morning Breeze: Updates to Skim before Market
MG News | September 03, 2026 at 07:50 AM GMT+05:00
September 03, 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 Rs1.11 per litre and Motor Spirit (petrol) by Rs2.29 per litre, effective September 3, 2026. Read more
The State Bank of Pakistan (SBP) raised Rs680.07bn in face value terms through the auction of Market Treasury Bills (MTBs), inclusive of competitive and non-competitive bids, against total face value bids of Rs2,773.85bn received across four tenors. Read more
Naya Nazimabad Apartments REIT has received an overwhelming response from investors, with its book-building process oversubscribed by 8 times and attracting total bids of approximately PKR 4.5 billion, reflecting strong investor confidence in the offering and the underlying Naya Nazimabad development. Read more
Cement despatches declined 0.70% in Aug-26, with the industry despatching 4.039 (million tons) mt against 4.068mt in the same month of the last fiscal year, data released by the All Pakistan Cement Manufacturers Association showed. Read more
Chairman National Accountability Bureau (NAB), Lieutenant General (Retired) Nazir Ahmed, met Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at the Ministry of Finance in Islamabad. Read more
Prime Minister Muhammad Shehbaz Sharif departed for Pakistan on Wednesday after completing his three-day official visit to Kyrgyzstan, where he held high-level talks with President Sadyr Nurgozhoevich Japarov and witnessed the signing of an agreement to enhance bilateral trade to $200 million within the next two years. Read more
Meta's $18bn social media settlement has lifted a major legal overhang for the tech giant, with the resolution having a chance to clear the way for a wave of new AI product launches in the coming months. Read more
Pakistan and the Asian Development Bank (ADB) discussed ways to deepen cooperation in structural reforms, private-sector development, investment and access to finance during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and ADB Vice President for South, Central and West Asia Yingming Yang. Read more
The Bank of Canada is set to announce its latest interest rate decision on Wednesday, with policymakers under pressure to balance weaker growth against rising inflation as a fresh tariff war between Canada and the United States clouds the economic outlook. Read more
Wafi Energy Pakistan Limited’s Tameer Trust has partnered with The Dawood Foundation (TDF) to support access to STEM (Science, Technology, Engineering and Mathematics) education and experiential learning for children from underserved communities through TDF’s MagnifiScience Centre. Read more
Pakistan has called on India to fully comply with the Indus Waters Treaty (IWT), welcoming the Permanent Court of Arbitration’s (PCA) unanimous ruling and reaffirming Islamabad’s right to pursue all diplomatic and legal avenues to safeguard its water interests. Read more
Pakistan’s benchmark KSE-100 Index closed Wednesday’s trading session at 174,776.59, shedding 1,690.40 points or 0.96%, as broad-based selling in commercial banks, cement and oil & gas exploration stocks weighed heavily on market sentiment. Read more
NEPRA has cancelled the Generation License (No. IGPL/021/2024) of Altern Energy Limited (PSX: ALTN) with effect from August 28, 2026, in response to the company's application dated June 10, 2026. Read more
Maple Leaf Cement Factory Limited's (PSX:MLCF) Board of Directors has approved a Scheme of Arrangement for the merger of Pioneer Cement Limited (PIOC) with and into the company, subject to shareholder approval and sanction by the Lahore High Court, marking the final step in MLCF's full absorption. Read more
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb discussed Pakistan’s economic outlook, investment opportunities and prospects for expanded engagement with Deutsche Bank during a meeting with Jamal Al Kishi, Regional CEO, Middle East & Africa, Deutsche Bank, accompanied by Ali Haider Zaidi, Country Manager Pakistan. Read more
The Pakistani rupee (PKR) edged higher against the US dollar on Wednesday, extending its appreciation streak to 230 consecutive sessions. Read more
The global economic outlook for 2026 has strengthened to around 3%, but the world remains vulnerable to an unfinished energy shock, historically high public debt, stalled disinflation and uncertainty over the economic and financial effects of artificial intelligence. Read more
Otsuka Pakistan Limited (PSX: OTSU) recorded a seventeen fold increase in its net profit for the year ended June 30, 2026, with profit for the year surging to Rs472.13m from Rs27.68m in the corresponding period last year. Read more
Pakistan and Uzbekistan have vast potential to expand cooperation in the energy sector, particularly in electricity connectivity, renewable energy, hydropower, energy infrastructure and investment, with stronger energy ties expected to become a key pillar of the two countries' broader economic partnership and regional integration. Read more
Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs454,036 per tola, down Rs11,300. Read more
The fifth Pakistan Investment & Business Environment Exchange Forum 2026 brought together more than 160 government officials, business executives and trade representatives in Guangzhou, China, with participants exploring new opportunities to expand bilateral trade and investment. Read more
Oil prices remained volatile on Wednesday as escalating tensions between the United States and Iran raised fresh concerns over energy supplies and shipping through the Strait of Hormuz. Read more
Around Rs1 billion has been approved for eight major road construction, rehabilitation and improvement schemes in Sargodha district under the Own Source Revenue initiative. Read more
Pakistan and Saudi Arabia have agreed to deepen cooperation in artificial intelligence, data governance and emerging technologies, as both countries look to expand collaboration in the digital and tech space. Read more
President of Kyrgyzstan Sadyr Japarov said Pakistan and Kyrgyzstan have signed a Joint Statement along with a package of bilateral agreements covering trade, investment, and cooperation in pharmaceuticals, agriculture, energy, light industry, tourism, the digital economy and virtual assets, following talks with Prime Minister Muhammad Shehbaz Sharif in Bishkek. Read more
Pakistan and Belgium have resolved to deepen cooperation between their maritime institutions, with both sides agreeing to explore training and student exchange programmes as part of broader efforts to develop their respective blue economies. Read more
Global bond yields climbed to their highest levels in nearly two decades as rising oil prices intensified inflation concerns and strengthened expectations for further interest-rate hikes. Read more
The government has called for scaling up groundwater recharge initiatives in Islamabad, as officials warned that the capital's water table is falling far faster than recharge efforts can offset rising just 0.4 millimetres against a decline of around 1.5 metres. Read more
Pakistan has the potential to build a $1 billion annual fruit, vegetable and value-added export industry within the next two to three years by improving export conversion, reducing post-harvest losses and strengthening processing, cold-chain and market access infrastructure, according to Rai Omar, Chief Financial Officer of SE Fruits & Vegetables Limited. Read more
Meezan Bank has approved more than Rs31.45 billion in housing finance across 4,424 applications under the Government of Pakistan’s Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA), reflecting strong demand for affordable, Shariah-compliant home financing across the country. Read more
The Securities and Exchange Commission of Pakistan (SECP) has issued final notices to four individuals, including Unity Foods CEO Muhammad Farukh, in an investigation into alleged insider trading and unusual transactions in Unity Foods shares. Read more
Japan has unveiled a ¥102tr ($640bn) investment plan aimed at establishing itself as a leader in artificial intelligence and semiconductors, with Prime Minister Sanae Takaichi seeking to extend economic growth beyond Tokyo and Osaka into the country's regional economies, a goal that has proven elusive under previous administrations. Read more
Sales volumes of petroleum products by oil marketing companies (OMCs) fell 3% year-on-year to 1.26 million tons in August 2026, from 1.30 million tons in the same month last year, data released by the Oil Companies Advisory Council (OCAC) showed. Read more
LSE Financial Services Limited (PSX: LSEFSL) has amended the Object Clause of its Memorandum of Association following shareholders’ approval to change the Company’s principal line of business and surrender its NBFC license. Read more
The National Clearing Company of Pakistan Limited (NCCPL) has rolled out a Minor Trading Account, enabling individuals below the age of 18 to participate in the capital market for the first time, backed by dedicated KYC onboarding, guardian linkage, and account monitoring controls. Read more
Pakistan and Belarus have agreed to further strengthen bilateral cooperation in trade, industry, agriculture, IT, and vocational training, identifying these as priority sectors for future engagement. Read more
Bank Makramah Limited (PSX: BML) has received the remaining sale consideration for Cullinan Tower (formerly Summit Tower), located at Plot No. G-2, Block-2, Scheme-5, Clifton, Karachi. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Read more
Asian markets fell sharply on Wednesday, extending Wall Street’s losses as surging oil prices, rising bond yields and intensifying Middle East tensions weighed on investor sentiment. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 174,776.60 261.56M | -0.96% -1690.40 |
| ALLSHR | 106,113.05 605.48M | -0.99% -1065.46 |
| KSE30 | 52,134.27 88.44M | -0.95% -498.16 |
| KMI30 | 249,368.78 99.61M | -0.99% -2480.72 |
| KMIALLSHR | 68,616.12 358.22M | -1.06% -736.48 |
| BKTi | 49,000.44 34.89M | -1.12% -554.51 |
| OGTi | 35,664.22 6.59M | -1.23% -445.74 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 78,120.00 | 78,130.00 77,160.00 | 540.00 0.70% |
| BRENT CRUDE | 95.55 | 95.91 94.96 | -0.08 -0.08% |
| RICHARDS BAY COAL MONTHLY | 122.50 | 0.00 0.00 | -1.00 -0.81% |
| ROTTERDAM COAL MONTHLY | 136.25 | 137.00 135.00 | 0.80 0.59% |
| USD RBD PALM OLEIN | 1,228.00 | 1,228.00 1,228.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.11 | 91.46 90.51 | 0.10 0.11% |
| SUGAR #11 WORLD | 18.71 | 18.77 18.07 | 0.35 1.91% |
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