MG Morning Breeze: Updates to Skim before Market

September 04, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Petrol price jumps Rs2.84, diesel up Rs2.28

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of High-Speed Diesel (HSD) by Rs2.28 per litre and Motor Spirit (petrol) by Rs2.84 per litre, effective September 4, 2026. Read more

• Govt pushes private equity framework to unlock long-term capital

Pakistan has accelerated efforts to develop a National Private Equity Policy Framework aimed at strengthening the country’s private equity ecosystem and attracting greater domestic and international long-term capital for productive investment. Read more

• Waves appliances directors, shareholder subscribe Rs516m rights shares

Waves Home Appliances Limited (PSX: WAVESAPP) has received Rs515.686mn from its directors and substantial shareholder against the subscription of 51,568,658 right shares at Rs10 per share, representing 34.38% of the total rights issue. Read more

• Gold price in Pakistan rises Rs11,200 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs465,236 per tola, up Rs11,200. Read more

• Pakistan’s short-term FX liabilities stands at $24bn in July 2026

Due to maturing foreign currency loans, securities, and deposits, Pakistan's foreign currency assets are expected to see a net outflow of $24.38bn, according to the latest liquidity report released by the State Bank of Pakistan (SBP). Read more

• PSX Closing Bell: A Soft Step Up

Pakistan’s benchmark KSE-100 Index closed Thursday’s trading session at 174,929.68, gaining 153.09 points or 0.09%, as selective buying in cement, investment companies and fertilizer stocks helped the market recover from the previous session’s sharp decline. Read more

• PKR gains nearly 3 paisa against USD

The Pakistani rupee edged higher against the US dollar in the interbank market on Thursday, gaining 2.79 paisa to close at PKR 277.42 per dollar compared with the previous session’s closing rate of PKR 277.45. Read more

• Trade Facilitation Board approved to streamline cross-border trade

Prime Minister Muhammad Shehbaz Sharif has approved the establishment of a Trade Facilitation Board, which he will personally chair, tasked with improving the country's entire trade supply chain and addressing non-tariff issues linked to cross-border trade. Read more

• Govt accelerates power reforms, promotes solar storage

The government is pursuing power-sector reforms to improve efficiency and reduce losses through privatization, Federal Minister for Power Sardar Awais Ahmad Khan Leghari said on Wednesday. Read more

• Pakistan-led resolution on assistive technology adopted by UN General Assembly

Pakistan has steered a first-of-its-kind resolution on Access to Assistive Technology through the United Nations General Assembly, with member states adopting by consensus, which marks a milestone in global efforts to advance disability inclusion and human development. Read more

• Pakistan's trade deficit narrows 20% MoM in August 2026

Pakistan's trade deficit narrowed sharply by 19.69% month-on-month (MoM) to $3.17bn in August 2026, compared to $3.95bn in July 2026, as both exports and imports declined during the month, with imports falling at a steeper pace, according to provisional data released by the Pakistan Bureau of Statistics (PBS). Read more

• CDA faces deadline to resolve PIDE’s Rs4bn land dispute

The Capital Development Authority (CDA) has been directed to either provide suitable land to the Pakistan Institute of Development Economics (PIDE) or refund around Rs4 billion deposited by the institution, amid a prolonged delay in resolving the matter. Read more

• Pakistan seeks ADB roadmap for export-led growth

Pakistan has urged the Asian Development Bank (ADB) to provide technical assistance and international best practices to help expand and diversify the country’s exports, with export-led growth described as the only sustainable route to economic transformation. Read more

• PM Shehbaz directs effective implementation of youth programme projects

Prime Minister Shehbaz Sharif has directed that the government is utilizing all possible resources to provide the youth with opportunities for modern education, skills development, employment and entrepreneurship. Read more

• Govt reaffirms focus on AJK, GB development, public welfare

Prime Minister Shehbaz Sharif has reaffirmed the government’s commitment to the development of Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan (GB), with public welfare and prosperity of the regions remaining key priorities. Read more

• Cotton arrivals rise 27% to 1.7m bales across Pakistan

Cotton arrivals in factories across Pakistan reached 1,696,451 bales as of August 31, 2026, up 27.01% compared to 1,335,632 bales in the corresponding period last year, according to data released by the Pakistan Cotton Ginners' Association (PCGA). Read more

• High Net Worth Individuals lead as NNAR allocates 33mn shares post book building

Naya Nazimabad Apartment REIT (NNAR) has allocated a total of 33,046,875 shares to successful investors across various categories. Read more

• Oil prices drop 1% amid US-Iran military escalation

Oil prices slipped on Thursday as markets remained cautious over the latest escalation between the United States and Iran, with renewed military action raising concerns over potential disruptions to Middle Eastern crude supplies. Read more

• Bestway Cement's AA- long-term entity rating maintained by PACRA

PACRA has maintained its entity ratings on Bestway Cement Limited (PSX:BWCL), affirming a long-term rating of AA- and a short-term rating of A1+, with a stable outlook. Read more

• SECP issues notices to 28,761 companies over UBO disclosure

The Securities and Exchange Commission of Pakistan (SECP) has taken a major step to ensure corporate transparency by issuing show-cause notices to 28,761 companies for failing to submit ultimate beneficial ownership details. Read more

• FBR revenue jumps 40% as Pakistan sustains fiscal discipline

Pakistan has achieved three consecutive years of primary fiscal surpluses, with the government now focused on sustaining this discipline through reduced civil government running costs and lower debt servicing expenses. Read more

• Cashless Dashboard set for new targets, real-time indicators

Pakistan's Cashless Dashboard is set to receive annual performance targets for the current fiscal year, alongside new analytical indicators aimed at improving real-time monitoring and data transparency, as authorities move to accelerate the country's digital financial transformation. Read more

• Govt kicks off Rs12bn Gadani shipbreaking yard modernization

The federal government has begun implementation of a Rs12 billion project to modernize the Gadani shipbreaking yard, with infrastructure upgrades underway to bring the facility in line with international safety and environmental standards. Read more

• BAPL proceeds with rights issue to fund ASSML project

Bawany Air Products Limited (PSX:BAPL) is to proceed with a rights issue of 599,999,732 ordinary shares to raise Rs5.99 billion for meeting working capital requirements and completing the project of its subsidiary, Alman Seyyam Sugar Mills Limited (ASSML). Read more

• Imran Sarwar appointed as CEO/President NBP

The name Mettis Global flagged as pending confirmation just a few minutes earlier, is now official. A notification issued by the Finance Division's Internal Finance Wing, dated September 3 and marked for publication in the Official Gazette of Pakistan Part-III, confirms that the Federal Government has appointed Mr. Imran Sarwar as President and CEO of the National Bank of Pakistan (NBP) for a period of three years, with immediate effect. Read more

• Gold climbs to $4,437 as dollar, yields retreat ahead of US jobs data

Gold prices edged higher on Thursday as a softer U.S. dollar and retreating Treasury yields lent support to the metal, with markets now turning their attention to Friday's U.S. nonfarm payrolls report for fresh clues on the Federal Reserve's next policy step. Read more

• NBP issues foreign exchange rates

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

• Govt raises Rs108bn in Hybrid Sukuk auction

The Government of Pakistan raised a combined Rs108.3bn in face value through its latest Government of Pakistan Hybrid Sukuk (GHS) auction conducted via the PSX Auction System, falling short of the aggregate pre-auction target of Rs175bn. Read more

• Asian markets set for muted open amid bond sell-off

Asian markets were headed for a subdued session on Thursday as a global sell-off in government bonds and renewed escalation in the Middle East conflict continued to weigh on investor sentiment. Read more

• Cabinet seals NBP's new Chief

The federal cabinet has finally decided who will run Pakistan's largest state-owned bank, closing out a six-week leadership vacuum, even as the government keeps the name under wraps for now. Read more

• Pakistan raises record $3bn through dual-tranche eurobond

Pakistan has issued $3bn through a dual-tranche Eurobond transaction, the largest single international bond issuance in the country’s history. Read more

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