MG Morning Breeze: Updates to Skim before Market

October 14, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Petrol price cut by Rs2.71, diesel falls by 3 paisa

The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, reducing the price of High-Speed Diesel (HSD) by Rs0.03 per litre and Motor Spirit (petrol) by Rs2.71 per litre, effective October 14, 2026. Read more

• Govt flags IPO pipeline, power sector opportunities to global investors

Pakistan has highlighted its progress in macroeconomic stabilization, structural reforms and access to international capital markets during an investor roundtable organized by Barclays, attended by Finance Minister Senator Muhammad Aurangzeb and State Bank of Pakistan (SBP) Governor Jameel Ahmad. Read more

• Pakistan, Mashreq Bank explore digital finance, Panda bonds

Pakistan is exploring new avenues for digital finance, foreign investment and innovative debt financing as Finance Minister Muhammad Aurangzeb held discussions with Mashreq Bank’s senior management on expanding the bank’s operations in the country. Read more

• Govt seeks roadmap to reduce poverty, improve living standards

Pakistan must accelerate poverty reduction and invest in education, healthcare, nutrition and skills development to build a sustainable and competitive economy, Federal Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal said on Tuesday. Read more

• NCCIA cracks down on AI misuse, registers case over murder threats

The National Cyber Crime Investigation Agency (NCCIA) is stepping up efforts to address the misuse of artificial intelligence (AI) and digital platforms for unlawful activities, with its Islamabad Circle registering a case involving alleged threats to kill a woman. Read more

• Applied for SE Fruits IPO? Your Refund Is on Its Way

Investors in SE Fruits and Vegetable Limited's (SEFL) PKR 1.2 billion initial public offering are getting their money back. Brokers and large investors who took part in book building told Mettis Global they have already received their refunds. Read more

• Govt nears satellite internet framework to attract investment

Pakistan is in the final stages of preparing a regulatory framework for Fixed Satellite Services (FSS) to facilitate satellite-based internet services, Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja said on Tuesday. Read more

• PSX Closing Bell: A Quiet Retreat

The benchmark KSE-100 Index closed Tuesday's trading session at 164,776.44, shedding 347.97 points or 0.21%, as persistent domestic political unrest kept investors cautious and erased the market's early gains. Read more

• PKR holds ground against USD, KIBOR climbs

The Pakistani rupee edged up against the US dollar in the interbank market on Tuesday, appreciating by 1.18 paisa to close at PKR 276.96, compared with the previous session’s closing rate of PKR 276.97. Read more

• Kohinoor Mills adds 3MW solar, takes total capacity to 10.2MW

The remaining 3.0-megawatt (MW) renewable energy system has been commissioned at Kohinoor Mills Limited (PSX: KML), taking the company’s total solar energy generation capacity at its manufacturing facility to 10.2MW, according to a notice sent to the Pakistan Stock Exchange (PSX). Read more

• Pakistan pushes for quicker pharma market access in Ethiopia

Pakistan, Ethiopia discussed ways to expand bilateral trade, investment and economic cooperation, with Federal Minister for Commerce Jam Kamal Khan urging faster regulatory approvals for Pakistani pharmaceutical companies seeking entry into the Ethiopian market. Read more

• Gold price in Pakistan rises Rs900 per tola

Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs440,836 per tola, up Rs900. Read more

• SECP issues TFS guidebook, warns of fines up to Rs100m

SECP has issued a guidebook on Targeted Financial Sanctions (TFS) for regulated entities, setting out practical methods for screening customers and beneficial owners, verifying potential matches, freezing assets without delay and reporting on time. Read more

• Auto sales decline 10% in September

Pakistan’s passenger car sales fell 9.8% year-on-year in September to 10,939 units, down from 12,126 units in September 2025, as per data released by the Pakistan Automotive Manufacturers Association (PAMA). Read more

• Crescent Star Insurance enters technology space as CST begins operations

Crescent Star Insurance Limited’s group company, Crescent Star Technologies (Pvt) Ltd (CST), has begun fresh business operations focused on Information Technology, Software Development, Artificial Intelligence, Digital Solutions and Insurance Technology (InsurTech). Read more

• Pakistan, Saudi Fund discuss refinery upgrades, new investment projects

Pakistan and the Saudi Fund for Development (SFD) discussed expanding bilateral trade and investment, enhancing private-sector cooperation and exploring opportunities to upgrade refineries during a meeting on the sidelines of the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand. Read more

• Oil falls on Russian supply prospects, Saudi-Houthi tensions limit losses

Oil prices declined on Tuesday as investors assessed the potential impact of increased Russian diesel supplies on global fuel markets, while escalating tensions between Saudi Arabia and Houthi militants in Yemen limited the losses. Read more

• Pakistan seeks unified population strategy to boost jobs, human capital

Pakistan needs a coordinated national strategy to address rapid population growth and strengthen human capital through improvements in healthcare, education and employment, Finance Minister Senator Muhammad Aurangzeb said. Read more

• SE Fruits IPO Goes Silent: Money Stuck, Calls Unanswered

Fourteen days after the public subscription closed for SE Fruits and Vegetable Limited’s (SEFL) PKR 1.2 billion IPO, investors who want to know what has happened to their money are getting no answers. Read more

• LSE SPAC-I, Ningbo Green Light Energy merger gets Lahore High Court nod

LSE SPAC-I Limited (PSX:SPAC1) will merge into Ningbo Green Light Energy Limited (NGLE) after the Lahore High Court sanctioned the scheme of arrangement, with SPAC1 shareholders set to receive 1.5 NGLE shares for every one share held. Read more

• Gold flat at $4,194 as dollar strength limits upside

Gold prices remained stable on Tuesday as the US dollar stayed firm and investors waited for US inflation data for clues on the Federal Reserve’s rate path. Read more

• IMF raises Pakistan FY27 inflation forecast to 9.9%, growth seen at 3.5%

Pakistan’s consumer prices are projected to rise by nearly 10% in FY2026-27, according to the IMF’s World Economic Outlook released on October 13, 2026. Read more

• PSX withholds action against PECO after company submits cheque for penalty

Pakistan Engineering Company Limited (PSX:PECO) has avoided immediate action from the Pakistan Stock Exchange (PSX) after it submitted a cheque for the penalty it had earlier failed to pay, with the exchange holding back compulsory buy-back directions to its majority shareholders and sponsors until the cheque clears. Read more

• Pakistan hints at more panda bonds, samurai bond debut

Pakistan plans to keep broadening its funding sources, with the government signalling it may come back to China’s panda bond market and could also tap Japan’s samurai bond market. Read more

• Pakistan calls for global financial reforms to support developing economies

Pakistan has called for reforms to the international financial system to address mounting challenges faced by developing economies, emphasizing the need for stronger development financing, greater institutional representation and timely support for countries implementing difficult economic reforms. Read more

• Finance Secretary, Citibank explore ways to diversify Pakistan’s financing sources

The Citibank has welcomed Pakistan’s successful conclusion of the fourth review under the IMF programme and the Staff-Level Agreement (SLA), and held talks with the government on financing options in both local and foreign currencies. Read more

• Asian markets tumble amid rising oil supply fears

Asian markets traded lower on Tuesday, with South Korea’s Kospi suffering the steepest losses as renewed fears of oil supply disruptions pushed crude prices above $106 per barrel following a deadly attack on a Saudi airport. Read more

• Govt borrows Rs563bn debt in a week

The government of Pakistan has acquired an additional debt of Rs562.88 billion during the week ended October 02, 2026, which brings its total net retirement for ongoing fiscal year 2027 to Rs2.43 trillion, according to the central bank's weekly estimates. Read more

• M2 rises by Rs942bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, rose by Rs941.5 billion WoW to Rs45.16 trillion as of October 02, 2026, data released by State Bank of Pakistan (SBP) showed. Read more

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