MG Morning Breeze: Updates to Skim before Market
MG News | October 13, 2026 at 06:30 AM GMT+05:00
October 13, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The proposed purchase of a 100% stake in Waada Digital (Private) Limited by EFU Life Assurance Limited (PSX: EFUL) will not go ahead. The board of directors of EFUL decided against the deal, with the mutual agreement of both parties. Read more
Pakistan has sought technical support from the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) for disaster preparedness, early-warning systems and the development of bankable climate projects, with Finance Minister Muhammad Aurangzeb naming climate change and rapid population growth as major challenges. Read more
Pakistan and the International Monetary Fund (IMF) have welcomed the staff-level agreement and acknowledged improvements in fiscal performance, foreign exchange reserves, inflation and external sector stability, while discussing Pakistan’s macroeconomic stabilisation, progress under the IMF-supported programme and ongoing structural reforms. Read more
Lucky Investments Limited has launched Lucky Islamic Capital Protected Fund Plan I (LICPFP I), a Shariah-compliant plan that aims to offer competitive returns while protecting investors’ principal through a dynamic asset allocation strategy. Read more
China’s Shengtang Group has expressed interest in exploring investment opportunities worth $10 million in Pakistan, with potential projects spanning electric vehicles (EVs), industrial development, energy, infrastructure, railways, tourism and urban development. Read more
Pakistan is working to extend debt maturities, diversify financing channels and strengthen its access to international capital markets as part of a medium-term debt management strategy aimed at reducing external repayment pressures and improving the country’s sovereign credit rating. Read more
The benchmark KSE-100 Index extended its decline on Monday, shedding 1,964.86 points or 1.18% to close at 165,124.41, as heightened geopolitical tensions dampened investor confidence and triggered broad-based selling across major sectors. Read more
Pakistan has assumed the chairmanship of the Governing Council of the Borrowers’ Platform, with Finance Minister Senator Muhammad Aurangzeb accepting the role on the country’s behalf during the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand. Read more
Pakistan has reaffirmed its steadfast commitment to multilateralism, international cooperation and the promotion of peace through dialogue and mutual understanding, voicing firm support for multilateral institutions, South-South cooperation and joint efforts to tackle global challenges, particularly those facing developing countries. Read more
The Pakistani rupee strengthened against the US dollar on Monday, gaining 3.04 paisa in the interbank market to close at PKR 276.97, compared with the previous session's closing rate of 277.00. Read more
Pakistan has weathered the unprecedented global energy supply shock of 2026 without rationing major energy sources, despite its heavy dependence on imports, and is now working to strengthen its long-term energy security, Read more
Pakistan has made two-dimensional (2D) barcodes and serialization mandatory for all locally manufactured and imported pharmaceutical products manufactured or imported on or after Oct. 9, as the government seeks to curb counterfeit medicines and improve transparency in the drug supply chain. Read more
Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs439,936 per tola, down Rs2,100. Read more
Traders' representatives have called on the government to introduce targeted relief in electricity bills for small businesses, similar to the fuel subsidy, to reduce operating costs and revive commercial activity. Read more
Pakistan has reaffirmed its support for the Vulnerable Twenty Group of Countries (V20) climate finance agenda, with Finance Minister Muhammad Aurangzeb stressing fiscal responsibility and effective implementation of climate initiatives. Read more
Pakistan and China are moving the China-Pakistan Economic Corridor (CPEC) into a more ambitious second phase that shifts the focus from building infrastructure to industrial partnership, from government-led projects to business-to-business cooperation, and from bilateral connectivity to regional and global value chains. Read more
The State Bank of Pakistan (SBP) has amended the Prudential Regulations for Housing Finance to standardize and simplify documentation requirements for customers availing housing finance. Read more
Pakistan and the Netherlands have explored ways to broaden their trade, investment and business ties across textiles, information technology, agriculture, food processing, engineering and skilled workforce development. Read more
The government is targeting to raise Rs5.75 trillion during the three months from October 2026 till December 2026 through the auction of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs), according to the auction calendars released by the State Bank of Pakistan (SBP). Read more
Khaadi Pakistan Limited (formerly Khaadi Pakistan SMC Pvt Limited) has been assigned initial entity ratings of AA- in the long term and A1 in the short term, with a stable outlook, as of October 9, 2026. Read more
Pakistan expects its economy to expand by more than 4% in the current fiscal year despite elevated oil prices, while the government aims to privatize five to six state-owned entities that could generate over $1bn, Finance Minister Muhammad Aurangzeb told Reuters in an interview on Monday. Read more
Oil prices declined on Monday amid hopes of improved global supplies following a proposed ceasefire targeting energy infrastructure between Russia and Ukraine, alongside diplomatic outreach by Iran to Saudi Arabia after Houthi attacks on the kingdom. Read more
TPL REIT Fund-I (PSX:TPLRF1) said the launch of its Saima Mangrove Residences project in Karachi was overwhelmingly successful and heavily over-subscribed. Read more
Gold was steady on Monday as a subdued US dollar and cheaper crude oil lifted demand, with market participants positioning ahead of this week’s American inflation figures that could shape the Federal Reserve’s next move on interest rates. Read more
The World Bank Group has mobilized nearly $3.2 billion in private capital for Pakistan since 2022, directing investment towards energy and environmental initiatives as global private capital mobilization by the institution surged to $112bn in fiscal year 2026 from $35 billion four years earlier. Read more
Coordinator to the Federal Tax Ombudsman Saif Ur Rehman has called for expanding trade with regional economies, particularly Middle Eastern countries, to increase Pakistan’s exports and generate foreign exchange. Read more
The Sindh government has proposed a $9.15mn climate-resilient floating agriculture project to create 400 hectares of flood-resistant cropland across 100 waterlogged and flood-prone villages of lower Sindh by 2029. Read more
Pakistan will pursue investment, trade and economic cooperation with global financial institutions, international investors and development partners through more than 60 high-level engagements during the World Bank Group–IMF Annual Meetings 2026, scheduled for October 12–18 in Bangkok, Thailand. Read more
Thirteen days after the general public finished subscribing to SE Fruits and Vegetable Limited’s (SEFL) PKR 1.2 billion initial public offering, investors still do not know whether they will receive shares, get their money back, or when the stock will list. The company, the Pakistan Stock Exchange, the Securities and Exchange Commission of Pakistan and the joint lead managers have said nothing in public. Read more
Electric vehicles are gaining ground in the twin cities of Islamabad and Rawalpindi as high fuel prices, linked to tensions in the Middle East, and environmental concerns push more residents towards a cheaper, cleaner alternative to petrol-run transport. Read more
Asian markets traded mixed on Monday as investors assessed escalating tensions in the Middle East, potential disruptions to energy supplies, and expectations for a busy week of corporate earnings and inflation data. Read more
Sitara Peroxide Limited (PSX: SPL) staged a dramatic turnaround for the fiscal year ended June 30, 2026, reporting a net profit of Rs147.46m compared to a net loss of Rs222.52m in the preceding year. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,124.41 104.27M | -1.18% -1964.87 |
| ALLSHR | 100,157.69 359.84M | -0.95% -959.71 |
| KSE30 | 49,004.16 46.99M | -1.68% -837.55 |
| KMI30 | 237,813.98 72.72M | -1.06% -2558.45 |
| KMIALLSHR | 64,882.76 191.40M | -0.97% -635.41 |
| BKTi | 45,521.99 13.55M | -1.53% -706.78 |
| OGTi | 33,558.03 3.78M | -1.23% -416.63 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 83,765.00 | 84,320.00 82,645.00 | 1295.00 1.57% |
| BRENT CRUDE | 105.33 | 105.43 104.70 | 0.61 0.58% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | 1.00 0.78% |
| ROTTERDAM COAL MONTHLY | 143.40 | 0.00 0.00 | -0.70 -0.49% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 92.42 | 92.43 91.71 | 0.57 0.62% |
| SUGAR #11 WORLD | 20.27 | 20.44 20.09 | 0.12 0.60% |
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