MG Morning Breeze: Updates to Skim before Market
MG News | October 16, 2026 at 08:25 AM GMT+05:00
October 16, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, raising the price of High-Speed Diesel (HSD) by Rs0.31 per litre and reducing the price of Motor Spirit (petrol) by Rs3.63 per litre, effective October 16, 2026. Read more
Pakistan's trade deficit widened 7.26% month-on-month to $3.53bn in September 2026 from $3.29bn in August, as an 11.47% rise in imports offset a stronger 16.94% gain in exports. Read more
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $15.8 million or 0.07% WoW to $21.47 billion during the week ended on October 09, 2026, data released by State Bank of Pakistan showed on Thursday. Read more
The SCRA balance decreased by Rs1.156 billion during the week ending Oct 09, 2026 to close at Rs28.75bn. Read more
Financial markets and major economies are facing an unusually large number of tail risks amid rising bond yields, rising energy prices and widening junk bond spreads, while long positions in the Hungarian forint, Icelandic króna and Norwegian krone against the euro have been suggested as hedges. Read more
Pakistan has formed four technical groups to develop recommendations for modernizing its marble and natural stone industry, improving product quality and expanding exports under the National Marble and Natural Stone Policy 2026–2030. Read more
Gold price in Pakistan remained unchanged on Thursday, with 24-karat gold being sold at Rs437,836 per tola, unchanged from the previous session. Read more
The benchmark KSE-100 Index extended its winning streak on Thursday, gaining 768.66 points or 0.46% to close at 166,186.16, as broad-based buying continued across key sectors amid easing oil prices. Read more
The Pakistani rupee (PKR) edged higher against the US dollar in Thursday’s interbank trade, closing at Rs276.92 versus Rs276.95 in the previous session, a gain of 3.24 paisa. Read more
Matco Foods Ltd (PSX:MFL) has received a non-binding offer from IGI Investments (Private) Ltd to buy its entire shareholding in subsidiary Matco Corn Products (Private) Ltd,. Read more
Pakistan is seeking to strengthen its access to international markets, replace expensive short-term debt with longer-maturity financing and sustain economic stability through continued reforms, Finance Minister Senator Muhammad Aurangzeb said. Read more
A much-loved brand prepares for its market debut. Here is what stands out in the draft prospectus, and what investors may want to understand better before they bid. Read more
Pakistan has invited Alibaba International Digital Commerce (AIDC) to propose ways to rationalise e-commerce taxation, balancing fairness with broader tax participation, as the two sides reviewed cooperation on the country’s digital economy. Read more
Profit after taxation of Noventra Limited (formerly LOTTE Chemical Pakistan Limited) (PSX: LOTCHEM) rose nearly six-fold to Rs4.85bn for the nine months ended September 30, 2026 (9MCY26), compared with Rs835.87m in the same period last year. Read more
Finance Minister Senator Muhammad Aurangzeb has called for a stronger Borrowers’ Forum, a bigger voice for the Global South and more responsive international financial institutions, as he discussed development financing, debt and climate resilience with the United Nations. Read more
Finance Minister Senator Muhammad Aurangzeb and the International Islamic Trade Finance Corporation (ITFC) have agreed that their technical teams will explore adjustments to pricing and financing volumes for the remaining financing tranche, as Pakistan seeks to align its borrowing costs with improved market conditions. Read more
Pakistan is working to promote a modern warehousing system based on electronic warehouse receipts and has proposed establishing a national agricultural spot market to facilitate secure storage, bank financing and transparent trade, Securities and Exchange Commission of Pakistan (SECP) Chairman Dr. Kabir Ahmed Sidhu said. Read more
Pakistan does not have a growth problem. It has a structural dollar problem. Read more
Finance Minister Senator Muhammad Aurangzeb has discussed financing for the M6 motorway project with the OPEC Fund for International Development, with the project agreement possibly to be signed when he visits the Fund on its invitation. Read more
Bitcoin declined on Thursday as hotter US inflation data heightened concerns over another Federal Reserve interest rate hike, while heavy liquidations and weakening institutional demand added to selling pressure. Read more
Finance Minister Senator Muhammad Aurangzeb has sought Moody’s views on how Pakistan can earn a stronger sovereign rating, while telling the agency that the country is replacing costly short-term debt with longer-maturity financing without adding to the external debt stock. Read more
Pakistan is shifting its focus from aid to trade and investment while strengthening economic ties with Gulf countries, the United States, China, and other longstanding partners, Finance Minister Senator Muhammad Aurangzeb said in an interview with News Asia. Read more
Pakistan and Russia have pledged to deepen their friendly relations and make effective use of existing bilateral mechanisms to advance cooperation that benefits both sides, with an MoU on combating organised crime also signed during the talks. Read more
Pakistan and Oman have agreed to deepen bilateral cooperation across multiple sectors, exchanging six agreements and memoranda of understanding (MoUs) during the eighth session of the Pakistan-Oman Joint Ministerial Commission (JMC). Read more
Prime Minister Shehbaz Sharif wants a full value-addition chain built around the mining, cutting and polishing of precious stones, and has asked for a time-bound plan to be drawn up urgently, warning that delays in the sector will not be tolerated. Read more
Pakistan-Türkiye relations should be strengthened further, with a focus on reaching the agreed $5bn bilateral trade target, expanding investment and deepening cooperation in strategic and emerging technology sectors. Read more
Oil prices declined on Thursday as traders evaluated the potential impact of disruptions in the Strait of Hormuz, following attacks on vessels in the strategic waterway, while assessing the International Energy Agency’s (IEA) latest outlook for global oil markets. Read more
The Government of Pakistan raised a combined Rs301.947bn in face value through its latest Government of Pakistan Hybrid Sukuk (GHS) auction conducted via the PSX Auction System, falling short of the aggregate pre-auction target of Rs350bn. Read more
Asian markets declined sharply on Thursday, led by heavy losses in South Korea and Japan, as stronger-than-expected U.S. inflation heightened concerns over tighter Federal Reserve policy and escalating attacks on commercial vessels in the Strait of Hormuz added to geopolitical uncertainty. Read more
The treasury management division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. Read more
Finance Minister Senator Muhammad Aurangzeb has highlighted progress in macroeconomic stabilisation, fiscal consolidation, revenue mobilisation and sustained primary surpluses, while outlining efforts to diversify international financing and replace costly borrowing without adding to the external debt stock. Read more
Shifa International Hospitals Ltd (PSX:SHFA) has credited 78,860 ordinary shares of Rs10 each into the Central Depository System (CDS) accounts of the eligible shareholders of Shifa Medical Centre Islamabad (Pvt) Ltd (SMCI) under the sanctioned scheme of arrangement for their merger, raising its paid-up capital to Rs632.93mn Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 166,186.17 175.95M | 0.46% 768.66 |
| ALLSHR | 100,823.28 516.45M | 0.48% 477.22 |
| KSE30 | 49,293.54 61.70M | 0.52% 255.05 |
| KMI30 | 240,021.93 84.31M | 0.51% 1224.01 |
| KMIALLSHR | 65,475.76 317.66M | 0.48% 313.79 |
| BKTi | 45,744.82 8.36M | 0.39% 177.09 |
| OGTi | 33,694.73 6.16M | 0.41% 138.33 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 81,845.00 | 82,685.00 81,700.00 | -585.00 -0.71% |
| BRENT CRUDE | 105.31 | 105.94 105.22 | -0.61 -0.58% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | 0.30 0.23% |
| ROTTERDAM COAL MONTHLY | 145.10 | 145.10 145.10 | 0.10 0.07% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 95.82 | 96.39 95.66 | 0.73 0.77% |
| SUGAR #11 WORLD | 21.14 | 21.22 20.60 | 0.30 1.44% |
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