MG Morning Breeze: Updates to Skim before Market
MG News | October 22, 2026 at 06:30 AM GMT+05:00
October 22, 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 Rs2.71 per litre, effective October 22, 2026. Read more
The Collectorate of Customs (Enforcement) Indus has foiled a major smuggling attempt at Sukkur Barrage, seizing foreign-origin liquor, cigarettes and other contraband worth about Rs50.2mn, including the vehicle used to carry the goods. Read more
Pakistan’s IT exports have grown at an average annual rate of around 21% over the past four years, reaching approximately $435m in September 2026, with the United States accounting for about 57% of the total, said Pakistan Software Export Board (PSEB) CEO Faisal Jeddy at Pak–U.S. Tech Connect 2026 in Dallas, Texas. Read more
Pakistan’s Federal Constitutional Court has joined an international roundtable in Baku on the role of artificial intelligence in the functioning of constitutional courts, where Chief Justice Amin-ud-Din Khan delivered a detailed address on the subject. Read more
Pakistan and the World Bank have discussed cooperation in digital transformation, e-governance and IT infrastructure during a meeting between Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja and World Bank Vice President Ousmane Dione in South Korea. Read more
The government has pledged to keep adequate stocks of fertilisers, especially urea and DAP, available for farmers throughout the ongoing Rabi season, and warned that hoarding, artificial shortages and unjustified price hikes will not be tolerated, with action to be taken against those manipulating the market. Read more
Pakistan and the United Kingdom have resolved to maintain close engagement and strengthen cooperation in areas of mutual interest, including capacity building and reforms, with London pledging continued support for Islamabad’s development priorities. Read more
Gold price in Pakistan decreased on Wednesday, with 24-karat gold being sold at Rs434,536 per tola, down Rs900. Read more
The Pakistani rupee strengthened slightly against the US dollar in the interbank market on Wednesday, appreciating 3.08 paisa to close at PKR 276.87 per dollar, compared with Tuesday’s closing rate of PKR 276.90. Read more
The benchmark KSE-100 Index concluded Wednesday's trading session at 165,930.98, showing an increase of 779.34 points or 0.47%. Read more
Consolidated profit for the period of The Searle Company Limited (PSX: SEARL) rose 30.77% year-on-year to Rs1.20bn for the three months ended September 30, 2026, compared with Rs914.15m in the same period last year. Read more
Hub Power Company Limited (PSX:HUBC)’s joint venture, China Power Hub Generation Company Limited (CPHGC), has placed Unit 1 of its plant under forced outage after the unit’s main transformer sustained a serious electrical fault, leaving it unavailable for power generation until the fault is investigated and fixed. Read more
Cotton arrivals at ginning factories across Pakistan rose 7.53% to 4,081,265 bales as of Oct. 15, compared with 3,795,637 bales recorded during the corresponding period last year, according to data released by the Pakistan Cotton Ginners’ Association (PCGA). Read more
Pakistan and the Maldives has signed a series of Memoranda of Understanding (MoUs) to expand bilateral cooperation across several sectors, including defence, IT, cybersecurity, health, education, social protection, agriculture and tourism. Read more
Rafhan Maize Products Company Limited (PSX: RMPL) reported an 11% increase in its net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs5.66bn compared to Rs5.09bn in the corresponding period last year. Read more
Profit after taxation of Nishat Chunian Limited (PSX: NCL) rose more than three-fold to Rs1.73bn for the three months ended September 30, 2026, compared with Rs516.16m in the same period last year. Read more
The National Cyber Crime Investigation Agency (NCCIA) has arrested Faheem Akram in Lahore for his alleged role in an online fraud worth Rs35 billion involving counterfeit American postage stamps. Read more
Oil shipments from the Persian Gulf have risen above their prewar levels, as a makeshift shipping arrangement backed by the US helps tankers get crude through the Strait of Hormuz despite one of the fiercest waves of Iranian attacks yet. Read more
US-based spice and seasoning maker McCormick & Company, Inc. (NYSE: MKC) intends to acquire at least 76.55% shareholding and control of Unilever Pakistan Foods Limited, directly or through one or more affiliates, as part of a wider global food business deal. Read more
The Central Directorate of National Savings (CDNS) has raised profit rates across several key savings instruments effective October 21, 2026, with gains across conventional, welfare and Islamic products. Read more
Bank AL Habib Limited and Systems Limited have been removed from the NIT Pakistan Gateway Index (NITPGI) following its re-composition, leaving 11 constituent companies. Read more
Oil prices edged up on Wednesday amid mounting concerns over supply disruptions, as attacks on shipping routes spread beyond the Strait of Hormuz and threats to Saudi Arabia’s energy infrastructure heightened market uncertainty. Read more
Gold prices declined on Wednesday, as a rebound in crude oil rekindled inflation worries, while investors positioned cautiously ahead of the US Federal Reserve’s policy meeting next week. Read more
Engro Polymer & Chemicals Limited (PSX: EPCL) swung to a profit of Rs399.06m for the nine months ended September 30, 2026 (9MCY26), compared with a net loss of Rs2.83bn in the same period last year. Read more
Fertilizer consumption in Pakistan rebounded in September 2026, as overall nutrient offtake increased by 25.5% year-on-year to 371,000 tonnes, according to the latest Monthly Fertilizer Review released by the National Fertilizer Development Centre (NFDC). Read more
Pakistan Refinery Limited (PSX: PRL) reported a 13.74x surge in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs13.97bn compared to Rs1.02bn in the corresponding period last year. Read more
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,930.99 130.24M | 0.47% 779.34 |
| ALLSHR | 100,610.48 378.72M | 0.45% 449.84 |
| KSE30 | 49,063.88 37.34M | 0.46% 224.35 |
| KMI30 | 238,884.56 81.35M | 0.41% 973.99 |
| KMIALLSHR | 65,270.38 212.83M | 0.42% 270.26 |
| BKTi | 45,897.03 8.93M | 0.66% 303.08 |
| OGTi | 33,673.00 3.31M | 1.09% 362.02 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 83,380.00 | 84,945.00 83,345.00 | -1235.00 -1.46% |
| BRENT CRUDE | 110.33 | 110.47 109.81 | 1.51 1.39% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | -1.75 -1.34% |
| ROTTERDAM COAL MONTHLY | 147.10 | 0.00 0.00 | 1.60 1.10% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 98.30 | 98.40 97.72 | 1.15 1.18% |
| SUGAR #11 WORLD | 20.47 | 20.74 20.27 | -0.05 -0.24% |
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