MG Morning Breeze: Updates to Skim before Market
MG News | October 19, 2026 at 08:07 AM GMT+05:00
October 19, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.
The State Bank of Pakistan (SBP) has adopted the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shariah Standard No. 30 on Monetization (Tawarruq) with immediate effect, subject to clarifications and amendments specified in Appendix A. Read more
Pakistan has explored new financing avenues, including Sukuk issuances, Panda Bonds, debt swaps, secured financing and public-private partnerships, as the government seeks to extend debt maturities, reduce repayment pressures and strengthen access to international capital markets. Read more
Pakistan has discussed potential Sukuk issuance, further Panda bond offerings and MIGA-backed financing with Sharjah Islamic Bank as part of efforts to diversify funding sources, extend debt maturities and ease repayment pressures without increasing overall external debt. Read more
Pakistan has discussed expanding development financing, climate-related investment and private sector-led employment with the United Nations Development Programme (UNDP), focusing on converting existing financing opportunities into bankable projects. Read more
The benchmark KSE-100 Index closed the week ended October 16, 2026, at 166,419.72 points, losing 669.56 points, or 0.40% week-on-week, from 167,089.28 points recorded on October 9, 2026. Read more
SE Fruits and Vegetable Limited’s (SEFL) PKR 1.2 billion initial public offering has been reversed, and Mettis Global has learned why. The sales figures the company presented to investors appear to have raised questions when compared with other records, including its tax and customs filings. Concerns over how the company’s records were maintained also seem to have emerged, and these were not reflected in the prospectus. Read more
Weekly roundup of Key Economic releases and market data and statistics Read more
The Ministry of Energy (Petroleum Division) has revised the ex-depot prices of petroleum products, reducing the price of Motor Spirit (petrol) by Rs3.93 per litre while keeping High-Speed Diesel (HSD) unchanged, effective from October 17, 2026 to October 19, 2026. Read more
Automobile financing in Pakistan has increased to Rs407.12bn in September 2026, witnessing a rise of 3.49% MoM compared to Rs393.4bn recorded in August 2026, according to the latest data released by the central bank. Read more
The draft prospectus for an initial public offering (IPO) of 50,312,500 ordinary shares at a floor price of Rs7 per share has been placed on the Pakistan Stock Exchange (PSX) website, seeking public comments. Read more
The Securities and Exchange Commission of Pakistan (SECP) is initiating regulatory action over material discrepancies in the IPO prospectus of SE Fruits and Vegetable Limited, which was based on information provided in the company’s audited financial statements. Read more
Canada emerged as the largest source of foreign direct investment (FDI) into Pakistan in September 2026, with gross inflows of $85.3m and no outflows, according to provisional data released by the State Bank of Pakistan (SBP). Read more
Pakistan’s mining and quarrying sector attracted the largest gross foreign direct investment (FDI) inflows in September 2026, receiving $62.6m with no outflows, according to provisional data released by the State Bank of Pakistan (SBP). Read more
The total deposits held by scheduled banks have moved up by 15.95% YoY to Rs40.83 trillion in September 2026 compared to Rs35.21tr in September 2025. Read more
Pakistan recorded a net foreign direct investment (FDI) inflow of $219.5m in September 2026, up 18.5% from $185.3m in the same month last year, according to data released by the State Bank of Pakistan. Read more
The benchmark KSE-100 Index extended its winning streak on Friday, gaining 233.55 points or 0.14% to close at 166,419.71, as selective buying in banking and technology stocks kept the market in positive territory amid easing oil prices Read more
The service sector of Pakistan posted a trade deficit of $281 million in September, reflecting an increase of 2.55% MoM, as compared to a deficit of $274m recorded in the previous month, the latest data released by the State Bank of Pakistan (SBP) showed. Read more
Pakistan’s Real Effective Exchange Rate (REER) rose to 108.93 in September 2026, up from 107.87 in August 2026, registering a 0.98% month-on-month increase and a sharp 6.92% year-on-year rise from 101.88 in September 2025. Read more
Pakistan’s current account deficit widened to $356mn in September from a revised $73mn in August, and a reversal from the $133mn surplus recorded in September last year, taking the first-quarter (July-September) FY27 deficit to $874mn, 15.8% wider than the $755mn a year earlier, according to Balance of Payments data released by the State Bank of Pakistan (SBP). Read more
Gold price in Pakistan increased on Friday, with 24-karat gold being sold at Rs440,636 per tola, up Rs2,800. Read more
The US Federal Reserve is not showing whether it will raise interest rates again at its October 27-28 meeting, even as September inflation came in hotter than expected, Fed Chairman Kevin Warsh said at the IMF meetings in Bangkok on Friday, in a conversation with IMF Managing Director Kristalina Georgieva. Read more
Pakistan plans to diversify its financing through Sukuk, rupee-denominated dollar-settled bonds and possible Eurobond tokenization. Read more
The Pakistani rupee edged up against the US dollar in the interbank market on Friday, gaining 1.06 paisa to close at PKR 276.91, compared with the previous session’s close of PKR 276.92. Read more
Pakistan is entering a new phase in developing its mineral economy as rising global demand for copper, gold, chromite, lithium, rare earth elements, and other critical minerals creates a strategic opportunity for the South Asian country to attract investment, develop new supply chains, and diversify its sources of foreign exchange. Read more
Federal Minister for Finance and Revenue, Senator Aurangzeb, has discussed capital market reforms and its prospects for emerging market status with Morgan Stanley Capital International (MSCI), with the talks clarifying repatriation arrangements under the Special Convertible Rupee Account (SCRA) and expanded access to Roshan Digital Account, and both sides backing technical follow-up to ease operational concerns. Read more
Pakistan is exploring potential financing of approximately US$1.5 billion through a combination of World Bank policy-based guarantees and Multilateral Investment Guarantee Agency (MIGA) coverage to secure funding at competitive rates. Read more
Pakistan has backed efforts to expand concessional financing and draw sovereign investment into water, health and education projects, with Finance Minister Muhammad Aurangzeb also seeking clarity on the proposed Lifeline Fund, which is targeted to be ready by April 2027 with initial mobilisation of $500mn and eventual expansion beyond $2bn. Read more
Pakistan is exploring alternative financing instruments, including guaranteed Sukuk, sustainability-linked loans and debt swaps, to diversify funding sources, improve borrowing terms and strengthen its sovereign credit outlook. Read more
Pakistan wants closer cooperation with Germany in green entrepreneurship, sustainable innovation and research, with joint efforts aimed at developing climate-friendly solutions that can be scaled globally. Read more
The sale of 14 acres of land and the building on it, which houses Spinning Unit-1 at Nooriabad, S.I.T.E., District Jamshoro, has been unanimously recommended by the board of directors of Crescent Fibres Limited (PSX: CFL). Read more
China is stepping up efforts to internationalize the yuan, shifting its attention from trade settlement to building a wider financial ecosystem that covers investment, financing, hedging and reserve use of the currency. Read more
Profit after taxation of United Bank Limited (PSX: UBL) rose 16.45% year-on-year to Rs116.56bn for the nine months ended September 30, 2026 (9MCY26), compared with Rs100.09bn in the same period last year. Read more
Pakistan’s Large Scale Manufacturing Industries (LSMI) output fell 4.96% month-on-month (MoM) in August 2026, with the Quantum Index of Manufacturing (QIM) at 113.19, down from 119.10 in July. Read more
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs3.03 trillion into the market of which Rs2.66tr were injected through reverse repo OMO.\ Read more
Pakistan’s short-term inflation, measured by the Sensitive Price Indicator (SPI), decreased by 0.04% for the week ended October 15, 2026, according to data released by the Pakistan Bureau of Statistics (PBS). Read more
Pakistan has outlined plans to diversify its external financing sources through Sukuk, Panda bonds and other instruments, following its $3bn Eurobond issuance in September, as the government seeks to strengthen debt sustainability and support progress towards a BB sovereign credit rating. Read more
The National Clearing Company of Pakistan Limited (NCCPL) will include 22 securities in the Securities Lending and Borrowing (SLB) Category A list of stocks eligible for short selling and exclude six from it, effective October 30, 2026. Read more
The list of Margin Eligible Securities (MES) acceptable as collateral at the National Clearing Company of Pakistan Limited (NCCPL) has been revised following its quarterly review. The new list takes effect from Friday, October 30, 2026, on 15 days’ advance notice, and covers 79 securities in Category A and 57 in Category B. Read more
The National Clearing Company of Pakistan Limited (NCCPL) has kept 64 securities eligible for the Margin Trading System (MTS) and MT (R) transaction margins from October 30, 2026, while removing three stocks, Citi Pharma Limited (CPHL), Habib Metropolitan Bank Limited (HMB) and Waves Corporation Limited (WAVES), from the system effective Monday, November 16, 2026. Read more
Oil prices declined in early Friday trading as investors assessed escalating Middle East tensions and potential U.S. plans to ease restrictions on certain oil tankers. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 166,419.72 133.15M | 0.14% 233.55 |
| ALLSHR | 100,871.92 395.66M | 0.05% 48.64 |
| KSE30 | 49,316.65 59.50M | 0.05% 23.11 |
| KMI30 | 239,907.60 63.28M | -0.05% -114.34 |
| KMIALLSHR | 65,473.69 245.25M | -0.00% -2.07 |
| BKTi | 45,849.28 9.86M | 0.23% 104.46 |
| OGTi | 33,523.02 3.37M | -0.51% -171.71 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 82,595.00 | 82,830.00 80,700.00 | 995.00 1.22% |
| BRENT CRUDE | 107.82 | 109.65 107.75 | -2.04 -1.86% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | -1.05 -0.81% |
| ROTTERDAM COAL MONTHLY | 145.10 | 0.00 0.00 | -0.55 -0.38% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 97.45 | 99.24 97.40 | -1.57 -1.59% |
| SUGAR #11 WORLD | 20.85 | 0.00 0.00 | 0.00 0.00% |
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