MG Morning Breeze: Updates to Skim before Market
MG News | September 17, 2026 at 08:14 AM GMT+05:00
September 17, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
Amid global uncertainty, international prices of crude oil and petroleum products remain elevated, which is also impacting petrol and diesel prices in Pakistan Read more
The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to 4% from 3.75% on Wednesday, marking the central bank’s first rate hike since July 2023 amid persistent inflation and high oil prices. Read more
China remained the largest source of foreign direct investment (FDI) into Pakistan in August 2026, with gross inflows of $134m, according to provisional data released by the State Bank of Pakistan (SBP). Read more
Pakistan's power sector attracted the largest gross foreign direct investment (FDI) inflows in August 2026, receiving $98.7m, according to provisional data released by the State Bank of Pakistan (SBP). Read more
Millat Tractors Limited (PSX: MTL) recorded a 28% increase in its consolidated net profit for the year ended June 30, 2026, with profit after tax for the year climbing to Rs8.07bn from Rs6.32bn in the corresponding period last year. Read more
Foreign Direct Investment (FDI) into Pakistan recorded a net inflow of $315.9 million in August FY27, marking an 80.4% year-on-year (YoY) surge compared to $175.1 million reported in August FY26, according to official data released by the State Bank of Pakistan (SBP). Read more
The State Bank of Pakistan raised Rs184.96bn 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 Rs1,115.78bn received across four tenors. Read more
Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs457,236 per tola, up Rs7,900. Read more
The Finance Division has clarified that the decline in net fiscal flows from State-Owned Enterprises (SOEs) should not be interpreted as a deterioration in their financial performance, noting that fiscal flows and SOE profitability are distinct measures. Read more
The service sector of Pakistan posted a trade deficit of $286 million in August, reflecting an increase of 3.62% MoM, as compared to a deficit of $276m recorded in the previous month, the latest data released by the State Bank of Pakistan (SBP) showed. Read more
Pakistan's Real Effective Exchange Rate (REER) rose to 107.92 in August 2026, up from 107.89 in July 2026, registering a marginal 0.02% month-on-month increase and a sharp 7.71% year-on-year rise from 100.20 in August 2025. Read more
The cement sector showed stable performance in the fiscal year 2026, as it continued to transition from stabilization towards growth. Read more
The Pakistani rupee (PKR) extended its appreciation streak against the US dollar to 240 consecutive sessions, with cumulative gains reaching PKR 4.1536 or 1.50%. Read more
Pakistan's current account deficit narrowed sharply to $98 million in August, its smallest monthly shortfall since April, as a fresh wave of remittance inflows offset a stubbornly wide trade gap, according to Balance of Payments data released by the State Bank of Pakistan (SBP) and reviewed by Mettis Global. Read more
Pakistan’s benchmark KSE-100 Index reversed Tuesday’s gains on Wednesday, falling 1,370.52 points or 0.81% to close at 168,021.80, as profit-taking and renewed selling across banks, fertilizer and cement stocks weighed on the market. Read more
Pakistan has been recognized at the 2026 APAC Climate Bonds Awards with the Pioneer Sustainable Sovereign Panda Bond Issuer Award for its inaugural CNY1.75 billion Sustainable Development Panda Bond issued in May 2026. Read more
Pakistan's Large Scale Manufacturing Industries (LSMI) output rose 3.03% year-on-year (YoY) in July 2026, marking the first month of fiscal year 2026-27, while output climbed 9.51% month-on-month (MoM), according to provisional data released with base year 2015-16, by the Pakistan Bureau of Statistics (PBS). Read more
The Securities and Exchange Commission of Pakistan (SECP) has proposed key reforms to make insurance bonds and guarantees more secure and reliable. Read more
Pakistan's refinery sector swung to a combined net profit of Rs48.01bn in the fiscal year ended June 30, 2026, reversing a net loss of Rs10.58bn in the preceding year (FY25). Read more
The government has decided to allow the export of 200,000 tonnes of sugar after reviewing the country's overall supply situation, available stocks and domestic requirements. Read more
Bawany Air Products Limited (PSX: BAPL) will issue 599,999,732 new ordinary shares by way of rights, aggregating to Rs5.99bn, at a ratio of 98.765 rights shares for every 100 shares held. Read more
The government of Pakistan has acquired an additional debt of Rs327.54 billion during the week ended September 04, 2026, which brings its total net retirement for ongoing fiscal year 2027 to Rs1.91 trillion, according to the central bank's weekly estimates. Read more
Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs449.01 billion WoW to Rs44.39 trillion as of September 04, 2026, data released by State Bank of Pakistan (SBP) showed. Read more
Oil prices declined on Wednesday after data showed a sharp increase in U.S. crude inventories last week, while markets continued to monitor the Middle East conflict and its potential impact on global oil supplies. Read more
Gold prices firmed on Wednesday as crude oil weakened, with investors turning their attention to the US Federal Reserve's upcoming policy announcement, where a rate hike is already largely factored into market expectations. Read more
The Amreli Steels Limited (PSX: ASTL) swung to a net profit of Rs547.92m for the year ended June 30, 2026, reversing a loss of Rs3.81bn recorded in the corresponding period last year a complete earnings turnaround driven by an exceptional gain on debt restructuring and a substantial reduction in finance costs. Read more
Worldcall Telecom Limited (PSX:WTL) has been placed once again in the "Non-Compliant Segment" of the Pakistan Stock Exchange (PSX), effective September 16, 2026, after the Sindh High Court dismissed the company's application seeking interim relief against the move. Read more
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