MG Morning Breeze: Updates to Skim before Market

September 08, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Govt pushes to complete PASSCO, USC closure process

The government has made substantial progress on the closure process of the Pakistan Agricultural Storage and Services Corporation (PASSCO) and the Utility Stores Corporation (USC), including implementation of the approved employee severance package, settlement of verified vendor liabilities, disposal and return of stocks, and management of assets and properties, with necessary audit and verification mechanisms, including biometric verification, in place. Read more

• ECC okays over Rs6bn for security ahead of SCO Summit

The Economic Coordination Committee (ECC) of the Cabinet approved a Technical Supplementary Grant (TSG) of Rs6.6bn for the purchase of 30 bullet-proof vehicles to be used for the movement of Heads of State during the SCO Summit, which Pakistan is set to host in September 2027. Read more

• Govt raises petrol price by Rs12.9 per litre, HSD by Rs3.72

The Ministry of Energy (Petroleum Division) has raised the price of petrol (Motor Spirit) by Rs12.90 per litre and High-Speed Diesel (HSD) by Rs3.72 per litre, effective September 8, 2026. Read more

• SE Fruits & Vegetables gets PSX approval for IPO

SE Fruits & Vegetables Limited has received approval from the Pakistan Stock Exchange (PSX) for its initial public offering, paving the way for the horticulture exporter to raise between Rs1.2 billion and Rs1.92 billion to finance working capital and expand its processing and export capabilities. Read more

• Pakistan Railways sets ambitious freight growth target

Pakistan Railways has approved a comprehensive reform roadmap to transform the organization into a modern, efficient, customer-focused and financially sustainable entity. Read more

• IPS advisory council calls for stronger institutions, better governance

Pakistan’s ability to address its complex national and international challenges depends on stronger institutions, improved governance, evidence-based policies, and effective implementation. Read more

• Japan grants $16m for flood protection on Indus River in Sindh

Pakistan and Japan has signed the Exchange of Notes, Record of Discussion and Grant Agreement for the "Project for Flood Protection and Dike Improvement on Indus River in Sindh Province," aimed at strengthening flood protection infrastructure and enhancing the resilience of vulnerable communities in the province. Read more

• Pakistan lays digital foundations for faster economic growth

Pakistan is laying the foundations for a digital economy by developing a national digital stack based on open-source technology, with plans to provide it free of cost to frontier and emerging nations once completed. Read more

• PSX Closing Bell: Down We Go

Pakistan’s benchmark KSE-100 Index closed Monday’s trading session at 173,636.07, losing 1,692.75 points or 0.97%, as escalating Middle East tensions and a renewed rally in oil prices weighed on investor sentiment. Read more

• PKR remains largely flat at 277.4 against USD

The Pakistani rupee (PKR) strengthened by 1.13 paisa against the US dollar in Monday’s interbank trading, settling at PKR 277.40 per USD versus the previous close of PKR 277.41. Read more

• National Urban Strategy to be fast-tracked

Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik has called for an urgent shift away from lengthy procedures and development jargon towards practical, community-based action to tackle the challenges confronting Pakistan's climate-vulnerable cities and poor communities. Read more

• Gold price in Pakistan falls Rs2,400 per tola

Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs463,136 per tola, down Rs2,400. Read more

• EFERT schedules EnVen plant maintenance from Sept 8

Engro Fertilizers Limited (PSX: EFERT) is scheduled to undertake maintenance activity at its EnVen Plant from September 08, 2026, till September 17, 2026. Read more

• SECP extends FPRM’s compliance deadline to February 2027

First Paramount Modaraba (FPRM) has received an extension from the Securities and Exchange Commission of Pakistan (SECP) for compliance with the Minimum Equity and Credit Rating Requirements. Read more

• SECP approves measures to boost Pakistan’s Business Ready ranking

The Securities and Exchange Commission of Pakistan (SECP) has approved key measures to further improve Pakistan’s Business Ready ranking. Read more

• NSS net savings surge to Rs53bn in July 2026

Net savings mobilized through National Savings Schemes (NSS) clocked in at Rs53.2 billion in July 2026, marking the opening month of FY2026-27, according to data released by the Central Directorate of National Savings (CDNS) and compiled by the State Bank of Pakistan. Read more

• Govt domestic debt, liabilities rise 8% YoY in July

The total government domestic debt and liabilities have increased by 7.61% to Rs59.41 trillion in July 2026, compared to Rs55.2tr in July 2025, the latest data released by the State Bank of Pakistan (SBP) showed. Read more

• Central govt debt surges over 6% YoY in July

The total debt of the central government increased by 6.58% YoY to Rs83.38 trillion in July 2026, compared to Rs78.24tr in July 2025, the data released by the State Bank of Pakistan (SBP) showed. Read more

• Liquid Network loses $320m in Bitcoin exploit

A Bitcoin settlement network relied upon by cryptocurrency exchanges has come under attack, with roughly $320 million worth of bitcoin drained from its reserves in the latest security lapse to rattle the crypto industry this year. Read more

• AHL gets 90-day extension for EPCL offer

Arif Habib Limited (AHL), Manager to the Offer, informed the Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock Exchange (PSX) that the Acquirer has extended the deadline for making the Public Announcement of Offer (PAO) for the proposed acquisition of 510,733,451 ordinary shares of Engro Polymer & Chemicals Limited (EPCL), representing 56.19% of its total issued and paid-up capital. Read more

• Maritime Business Facilitation Centre proposed to streamline port services

The federal government has proposed setting up a Maritime Business Facilitation Centre to bring port-related services for exporters and importers under one roof, aimed at cutting delays and streamlining trade procedures. Read more

• Gold falls below $4,390 on robust US jobs report

Gold prices edged lower on Monday, weighed down by a stronger-than-expected US jobs report that bolstered expectations of higher interest rates, as investors turned their attention to key US inflation figures due later in the week for further direction on the Federal Reserve's policy stance. Read more

• Higher gas prices set to lift E&P earnings

Pakistan’s exploration and production (E&P) companies are set for a positive earnings impact after wellhead gas prices for several fields were raised by up to 15.8% for the second half of 2026, according to Topline Securities. Read more

• IPAK draws strong buyer interest at 3P Pakistan, signs MoUs

International Packaging Films Limited (IPAK) received an overwhelming response from local industry and international delegates at 3P Plas Print Pack Pakistan 2026, as its newly developed flexible packaging films attracted strong interest and generated business inquiries with potential to translate into higher domestic sales and exports. Read more

• Chery Master Pakistan to launch 400km-range Chery Q EV

Chery Master Pakistan is set to expand its new-energy vehicle portfolio with the launch of the all-electric Chery Q at the Pakistan Auto Show (PAPS) 2026 on September 18, as electric vehicles continue to gain ground in the country’s automobile market. Read more

• THALL FY26 profit surges 40%

Thal Limited (PSX: THALL) reported a 40% surge in its consolidated net profit for the fiscal year ended June 30, 2026, reaching Rs11.34bn compared to Rs8.10bn in the preceding year. Read more

• Oil extends rally above $97 as US-Iran tensions escalate

Oil prices extended their rally on Monday as escalating military action between the United States and Iran involving commercial vessels intensified fears of a prolonged disruption to crude supplies from the Middle East. Read more

• NBP issues foreign exchange rates

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

• Asian markets rally, Kospi jumps over 3%

Asian markets opened broadly higher on Monday, with Japanese and South Korean equities leading gains, while investors remained focused on escalating tensions in the Middle East and their potential impact on global energy markets. Read more

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