MG Morning Breeze: Updates to Skim before Market

September 23, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Petrol price cut by Rs1.7, HSD by Rs3.12/L

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, reducing the price of High-Speed Diesel (HSD) by Rs3.12 per litre and Motor Spirit (petrol) by Rs1.70 per litre, effective September 23, 2026. Read more

• SOA's Actuaries Connect spotlights growth potential in insurance sector

Pakistan's insurance penetration stands at just 0.7% of national GDP, pointing to significant untapped potential for the sector and growing opportunities for actuarial professionals in the country. Read more

• Ittehad Chemicals Posts Rs1.5bn Profit in FY26

Ittehad Chemicals Limited (PSX: ICL) recorded a 16% increase in its consolidated net profit for the year ended June 30, 2026, with profit after income tax climbing to Rs1.50bn from Rs1.29bn in the corresponding period last year. Read more

• SOYASUP: Six Days, 11% Gain, Zero Rules Broken

On September 15, 2026, Agro Processors & Atmospheric Gases Limited, the 45-year-old maker of Soya Supreme, a name that has sat in Pakistani kitchens for two generations, formally joined the Pakistan Stock Exchange. Read more

• Gold price in Pakistan falls Rs1,800 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs455,736 per tola, down Rs1,800. Read more

• Saudi Arabia restarts East-West Pipeline, Yanbu crude shipments set to resume

Saudi Arabia has restarted its East-West Pipeline and could resume crude exports from the Red Sea port of Yanbu later on Tuesday, according to Reuters. Read more

• Tariq Corporation's Board approves conversion of preference shares into ordinary shares

Tariq Corporation Limited's (PSX:TCORP) Board of Directors, through a resolution dated September 22, 2026, passed through circulation, has approved the conversion of Non-voting Convertible Preference Shares into ordinary shares, along with payment of accumulated dividends as on September 30, 2026. Read more

• PKR strengthens marginally against USD

The Pakistani rupee (PKR) posted a marginal gain against the US dollar in Tuesday’s interbank trading session, appreciating by 0.90 paisa to close at PKR 277.21 per dollar, compared with Monday’s closing rate of PKR 277.22. Read more

• PSX Closing Bell: A Tiny Turn Higher

Pakistan’s benchmark KSE-100 Index edged higher on Tuesday, gaining 248.92 points or 0.15% to close at 171,402.08, as selective buying in oil & gas exploration and cement stocks helped the market extend its gains, albeit at a slower pace. Read more

• Govt calls for integration of climate, glacier monitoring systems

The government has called for integration of national institutions dealing with climate, glacier monitoring, early warning systems, satellite data and disaster management to ensure timely availability and effective use of climate-related data, with officials stressing the need for a coordinated mechanism through which relevant departments could automatically share data rather than waiting for formal requests from one another. Read more

• Sitara Petroleum profit jumps 69% on margin gains

Sitara Petroleum Service Limited reported a 68.6% jump in net profit for the year ended June 30, 2026, driven primarily by wider margins and a lower tax burden rather than sales growth, according to financial statements filed with the Pakistan Stock Exchange on Tuesday. Read more

• SECP directs all listed companies, market intermediaries to register on ESG Sustain Portal

The Securities and Exchange Commission of Pakistan (SECP) has directed all listed companies and market intermediaries to register on the SECP ESG Sustain Portal and comply with applicable sustainability disclosure requirements, including reporting under the mandatory and voluntary frameworks notified by the SECP from time to time. Read more

• Pakistan, Libya seek stronger ties in trade, education, business

Pakistan and Libya have expressed interest in further strengthening friendly ties across diverse fields, particularly trade, education, and business-to-business exchanges. Read more

• PVARA Chairman pitches Pakistan as virtual assets model at UN forum

Pakistan used the platform of the 81st Session of the United Nations General Assembly to argue that artificial intelligence and tokenization can become the developing world's most powerful engines of financial inclusion, provided they are built for the people the financial system has long excluded. Read more

• PM special fuel scheme crosses 2.2m registrations, issues 1.9m tokens

More than 2.2 million people have registered for the Prime Minister’s Special Fuel Scheme, while around 1.9 million fuel relief tokens have been issued so far, with the scheme operational across the country, including Azad Jammu and Kashmir and Gilgit-Baltistan. Read more

• PM Shehbaz Sharif arrives in New York for 81st UNGA session

Prime Minister Muhammad Shehbaz Sharif arrived in New York on Monday to represent Pakistan at the 81st session of the United Nations General Assembly (UNGA), accompanied by a small Pakistani delegation. Read more

• Govt directs banks to implement revised SOP for digital pension Proof of Life

The federal government has formally withdrawn commercial banks from biometric verification and Proof of Life Certificate (PoLC) checks for pensioners, transferring the process to a direct digital link between the National Database and Registration Authority (NADRA) and the Controller General of Accounts (CGA) and Military Accountant General (MAG). Read more

• SECP proposes major reforms to improve insurance complaint resolution

The Securities and Exchange Commission of Pakistan (SECP) has recommended increasing the number of Insurance Tribunals and Small Dispute Resolution Committees (SDRCs) and establishing an integrated digital complaint system to improve the resolution of policyholders’ grievances nationwide. Read more

• FM advances blockchain, climate action at UN events

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb highlighted Pakistan’s efforts to develop a regulated virtual-assets framework, stressing the role of blockchain and tokenization in expanding financial access while reaffirming the country’s commitment to climate action and national climate priorities at international events in New York. Read more

• Pakistan, EU sign €65m grant agreements for three development programmes

The Government of Pakistan and the European Union has signed three grant agreements worth a combined €65mn (approximately Rs20.64bn) to launch the Global Gateway Development Facilitation for Pakistan, Energy and Natural Environment Resilience in Khyber Pakhtunkhwa and EU Support to the Rule of Law and Business Environment in Pakistan programmes, operationalizing the two sides' shared commitment to economic and energy development and the advancement of the rule of law. Read more

• Pakistan, Saudi Arabia sign visa waiver pact for official passport holders

Pakistan and Saudi Arabia have signed an agreement to waive visa requirements for holders of diplomatic and official or special passports, aimed at facilitating official travel and strengthening bilateral engagement. Read more

• Govt plans 100-Acre mariculture estate at Korangi Fisheries Harbour

The government is set to establish a 100-acre Mariculture Investment and Development Estate (MIDE) at the Korangi Fisheries Harbour Authority (KoFHA), integrating mariculture and aquaculture operations with hatcheries, research and innovation, processing, value addition, cold-chain facilities and commercial services under a single development framework, with officials describing the project as a step towards higher-value fisheries production and an export-oriented blue economy. Read more

• Fauji Cement approves BESS installation with dedicated solar plants

Fauji Cement Company Limited (PSX:FCCL) has approved, through a resolution by circulation, the installation of Battery Energy Storage Systems (BESS) of 25 MWh along with dedicated solar power setups of 5 MW each at its Nizampur and Jhang Bahtar plant. Read more

• Pakistan's external financing hits $939m in August

Pakistan received $939.53mn in external financing in August 2026, taking cumulative inflows for the first two months of FY27 (July-August) to $1.70bn, the latest report by the Economic Affairs Division (EAD) showed. Read more

• Gold eases to $4,327 as investors await Fed signals

Gold prices found little direction on Tuesday, pressured by expectations that US interest rates will remain elevated for an extended period, with market participants awaiting fresh signals from Federal Reserve officials on the policy path ahead. Read more

• Oil prices steady near $102 amid U.S. Iran talks watch

Oil prices edged higher on Tuesday, stabilizing after several sessions of losses as investors monitored developments surrounding possible U.S.-Iran talks during the United Nations General Assembly in New York this week. Read more

• FM urges global climate funds to speed up financing access

Finance Minister Senator Muhammad Aurangzeb called on international climate funds to simplify procedures and accelerate financing access, stressing that Pakistan needs faster support to address climate-related disasters and convert climate commitments into bankable investment projects. Read more

• Pakistan backs COP31 agenda, FM calls for climate action

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb reaffirmed Pakistan’s support for the COP31 Action Agenda, highlighting its consistency with the country’s climate priorities and Nationally Determined Contribution (NDC) 3.0. Read more

• Pakistan advances towards regulated virtual assets framework: FM

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb highlighted Pakistan’s move towards establishing a regulated framework for virtual assets, emphasizing the need to align tokenization with real economic requirements. Read more

• NBP issues foreign exchange rates

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

• Asian markets open higher tracking Wall Street AI rally

Asian markets opened higher on Tuesday, tracking overnight gains on Wall Street as a rally in artificial intelligence-related stocks lifted major U.S. indices. Read more

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