MG Morning Breeze: Updates to Skim before Market

October 09, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Petrol price jumps Rs2.31, HSD rises Rs0.78 from Oct 9

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of High-Speed Diesel (HSD) by Rs0.78 per litre and Motor Spirit (petrol) by Rs2.31 per litre, effective October 9, 2026. Read more

• ECC approves SBP framework for Risk Coverage Schemes for small firms, farmers

The Economic Coordination Committee (ECC) of the Cabinet approved a series of financial and policy measures, including technical supplementary grants (TSGs) worth over Rs39 billion, to support development projects, institutional requirements, infrastructure initiatives and sectoral measures. Read more

• SBP reserves rise $15m to $21bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $14.5 million or 0.07% WoW to $21.45 billion during the week ended on October 02, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

• SCRA balance climbs Rs2bn to nearly Rs30bn

The SCRA balance increased by Rs2.02 billion during the week ending Oct 02, 2026 to close at Rs29.91bn. Read more

• SECP, CCRA finalize regulatory framework for cannabis sector

The Securities and Exchange Commission of Pakistan (SECP) and the Cannabis Control and Regulatory Authority (CCRA) have finalized a joint regulatory framework for the medical and industrial cannabis sector. Read more

• Pakistan, Bangladesh agree to deepen ties through parliamentary engagement

Pakistan and Bangladesh have agreed to inject fresh momentum into bilateral relations through sustained parliamentary engagement and practical cooperation, with both sides underlining the role of parliamentary diplomacy in building mutual understanding and advancing cooperation on shared regional and global challenges. Read more

• PKR holds firm against dollar, settles at 277.01

The Pakistani rupee (PKR) strengthened marginally against the US dollar in the interbank market on Thursday, closing at PKR 277.01 per USD compared to PKR 277.02 in the previous session. Read more

• PSX Closing Bell: Bulls Under Siege

The benchmark KSE-100 Index fell 1,138.50 points or 0.68% on Thursday to close at 167,441.90, as broad-based selling weighed on the market amid renewed concerns over Middle East tensions and crude supply disruptions. Read more

• Khaadi heads to PSX at 99.2x face value

Khaadi has been part of Pakistani wardrobes for more than two decades. From this month, investors can buy a share in the company as well as its clothes, and the price is about 99 times the share's face value. Read more

• Dolmen City REIT profit jumps 59% to nearly Rs13bn in FY26

Profit after taxation of Dolmen City REIT (PSX: DCR) rose 58.76% year-on-year to Rs12.69bn for the fiscal year ended June 30, 2026 (FY26), compared with Rs7.99bn in FY25. Read more

• Haji Mohammad Ismail Mills signs MoU for reverse merger with SEGO Pakistan

Haji Mohammad Ismail Mills Limited (PSX:HMIM) has no fixed assets to start commercial production, while its management has signed a memorandum of understanding (MoU) for a reverse merger with SEGO Pakistan (Pvt) Ltd to revive the company. Read more

• IMF says phase out fuel relief ‘promptly’

The International Monetary Fund (IMF) has told Pakistan to phase out its fuel support scheme “promptly”, citing its high cost and broad targeting, in the one passage of Wednesday’s staff-level statement that openly disagrees with government policy. Read more

• Gold price in Pakistan rises Rs600 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs435,036 per tola, up Rs600. Read more

• PM directs ministries to complete digitisation of relevant data within timeframe

The government has directed all federal ministries to complete the necessary measures in a timely manner so that relevant data can be made available on the national digital platform, with a central national data centre set to play a key role in delivering government services and facilitating citizens. Read more

• QTECH clears banking debt, settles liabilities with BOP, HMB

Quantum Data Technologies Limited (PSX: QTECH) has fully settled its outstanding liabilities with The Bank of Punjab and Habib Metropolitan Bank Limited, leaving it with no banking debt payable to either lender. Read more

• SHC suspends orders challenged by K-Electric in tariff appeals

The Sindh High Court (SHC) has suspended, in the interim, the notifications and orders concerning the review of the Multi-Year Tariff (MYT) FY24-FY30 of K-Electric Limited (PSX: KEL). It passed the ad-interim orders on October 07, 2026, and issued notices to the respondents, according to a notice sent to the Pakistan Stock Exchange (PSX) and a statement by a K-Electric spokesperson. Read more

• Pakistan reaffirms commitment to UN Charter and multilateralism

Pakistan has reaffirmed its unwavering commitment to the purposes and principles of the United Nations (UN) Charter, with multilateralism, anchored in the UN, described as a fundamental pillar of its foreign policy. Read more

• Suhail Jute Mills struggles to sell land amid KP uncertainties

Efforts to sell land to settle dues of creditors, including institutions holding court decrees, made no meaningful progress at Suhail Jute Mills Limited (PSX: SUHJ) in the quarters ended March 31, 2026 and September 30, 2026, according to progress report. Read more

• Pakistan, UK explore long-term investment partnership across key sectors

Pakistan and the United Kingdom have discussed ways to further enhance trade and cooperation in priority sectors and to deliver concrete outcomes through the next bilateral Trade Dialogue, with a long-term, non-legally binding investment partnership proposed by the British side. Read more

• Karachi regains direct Europe shipping link

Karachi has regained direct shipping connectivity with major European ports, as Mediterranean Shipping Company (MSC) has reinstated its PREMIUM IPAK service, easing the burden of long transit times and higher freight costs on exporters. Read more

• FCEL to roll out revised business plan after settlement with lenders

First Capital Equities Limited (PSX:FCEL) is negotiating with secured creditors and financial institutions to settle its overdue financial obligations on favorable terms, while also weighing strategic options, including real estate projects, as part of its future business plan. Read more

• Govt raises Rs75bn in Hybrid Sukuk auction

The Government of Pakistan raised a combined Rs75.314bn in face value through its latest Government of Pakistan Hybrid Sukuk (GHS) and Government of Pakistan Ijarah Sukuk (GIS) auction conducted via the PSX Auction System. This fell short of the combined pre-auction target of Rs100bn. Read more

• Oil rises above $102 as Iran tensions stoke supply fears

Oil prices rose on Thursday as escalating tensions in the Middle East heightened concerns over potential disruptions to crude supplies from the region. Read more

• Gold steady as dollar eases from 18-month high

Gold prices were steady on Thursday as the US dollar retreated from an 18-month peak, allowing bullion to bounce back from a two-month low, while investors assessed the likelihood of another US Federal Reserve rate hike this year. 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

• TPL Insurance officially renamed JazzSure Insurance

The name of TPL Insurance Limited (PSX: TPLI) has been changed to JazzSure Insurance Limited with effect from October 7, 2026, after the Securities and Exchange Commission of Pakistan (SECP) issued a Certificate of Incorporation on Change of Name dated the same day. Read more

• Asian markets fall as Fed rate hike signals lift yields

Asian markets traded lower on Thursday, weighed down by losses on Wall Street as elevated U.S. Treasury yields continued to pressure risk appetite following signals from the Federal Reserve that another interest rate hike could be warranted this year. Read more

• FNEL board asks consultants for implementation plan within a month

A business plan presented by the company's consultants was discussed by the board of directors of First National Equities Limited (PSX: FNEL) on October 07, 2026, with no definitive decision or transaction approved at this stage. Read more

• Govt pushes implementation focus as SME, agri and housing finance rise

The government has stressed implementation and measurable outcomes in its access to finance drive after a review showed outstanding SME finance rising to over Rs1.137tr, agriculture finance to over Rs1.35tr and housing finance to Rs426bn by end-September 2026. Read more

• Pakistan's financial inclusion index rises to 59.5 in CY25

The Pakistan Financial Inclusion Index (P-FII) rose to 59.5 in 2025 from 58.1 in 2024, according to results released by the State Bank of Pakistan. Read more

• Pakistan, IMF seal $1.2bn staff-level deal

The International Monetary Fund (IMF) staff and Pakistani authorities have reached a staff-level agreement on the fourth review under the 37-month Extended Fund Facility (EFF) and the third review under the 28-month Resilience and Sustainability Facility (RSF), clearing the way for about $1.2bn in disbursements once the IMF Executive Board approves it. Read more

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