MG Morning Breeze: Updates to Skim before Market

November 04, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• Petrol price cut by Rs5.45, diesel rises Rs3.68 per litre

The Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices of petroleum products, reducing the price of Motor Spirit (petrol) by Rs5.45 per litre and raising the price of High-Speed Diesel (HSD) by Rs3.68 per litre, effective November 4, 2026. Read more

• Govt, LCCI agree on coordinated approach to boost agricultural exports

The government and the Lahore Chamber of Commerce & Industry (LCCI) have agreed on the need for a coordinated approach to promote agricultural exports, combining government facilitation, private-sector expertise, agricultural research, internationally recognised testing and certification, value addition and targeted market development. Read more

• SECP cracks down on Ponzi, Pyramid investment schemes

The Securities and Exchange Commission of Pakistan (SECP) has issued the Companies (Prohibition of Unlawful Activities) Regulations, 2026, to prevent Ponzi, pyramid and other unlawful investment schemes, clearly defining prohibited activities and imposing restrictions on companies involved in such practices. Read more

• Gold price in Pakistan remain unchanged

Gold price in Pakistan remained unchanged on Tuesday, with 24-karat gold being sold at Rs412,136 per tola, unchanged from the previous session. Read more

• PKR holds largely flat against USD

The Pakistani rupee posted marginal gains against the US dollar in the interbank market on Tuesday, appreciating by 0.82 paisa to close at PKR 276.71, compared to the previous session's closing of PKR 276.72. Read more

• PSX Closing Bell: The Green Giant Awakens

The benchmark KSE-100 Index extended its recovery on Tuesday, gaining 1,454.80 points or 0.87% to close at 168,018.86, as aggressive buying in banking, fertilizer, cement, and investment stocks lifted the market. Read more

• Pakistan, Kazakhstan stress early implementation of MoUs

Pakistan and Kazakhstan have reaffirmed their commitment to strengthening bilateral economic relations, increasing trade and exploring new investment opportunities. Read more

• Cherat Cement to acquire 13% stake in Nimir Industrial Chemicals

A 13.07% stake in Nimir Industrial Chemicals Limited (PSX: NICL) is set to move to Cherat Cement Company Limited under a Share Purchase Agreement (SPA) signed on October 30, 2026, at Rs340 per share. Read more

• HMIM board approves merger with Sego Pakistan

A draft Scheme of Arrangement for the merger and amalgamation of Sego Pakistan (Private) Limited (SPL) into Haji Mohammad Ismail Mills Limited (PSX: HMIM) has been approved by the latter’s board of directors at its meeting held on November 3, 2026. Read more

• PSX investor base nears 700,000 on record October additions

The equity investor base at the Pakistan Stock Exchange (PSX) recorded an all-time high monthly increase of 25,747 in October 2026, up 66% YoY, taking the total investor base to a record 681,965, up 56% YoY. Read more

• Over 15mn benefit from PM’s Fuel Relief Scheme

The government has disbursed Rs27bn under the Prime Minister’s Fuel Relief Scheme, with more than 15mn people benefiting so far from subsidised petroleum products for eligible consumers. Read more

• Urea offtakes skyrocket 39% YoY in Oct

Urea offtakes in Pakistan surged 39% year-on-year (YoY) to 487,000 tons in October 2026, while DAP offtakes fell 24% YoY to 166,000 tons. Read more

• QATPL invites OMCs to supply diesel to 1,180MW Bhikki power plant

Oil marketing companies (OMCs) have been invited to apply for prequalification to supply high-speed diesel (HSD) to the 1180MW combined cycle power plant at Bhikki, Sheikhupura, Punjab, under tender IFP-38-RLNG-POWER PLANT (HSD). Read more

• Gold stays above $3,900, ahead of US midterm results

Gold prices were steady on Tuesday, as investors waited for the outcome of the US midterm elections later in the day. Read more

• PIOC commissions 28MW solar plant, expands capacity to 31MW

A 28.265 megawatt (MW) solar power plant at the Chenki manufacturing facility in District Khushab, Punjab, has been completed and energized by Pioneer Cement Limited (PSX: PIOC). Read more

• VIS revises At-Tahur outlook to positive

At-Tahur Limited (PSX:PREMA) has had its entity ratings maintained at ‘A-/A2’ by VIS Credit Rating Company Limited (VIS), with the outlook revised from ‘Stable’ to ‘Positive’. Read more

• Pakistan presses for deeper OIC economic integration

Pakistan has called for deeper economic integration, improved access to trade financing and stronger private-sector cooperation among Islamic countries, saying greater trade integration could unlock substantial opportunities for shared prosperity across the Islamic world. Read more

• Govt eyes 6m-tonne wheat reserves, Rs4,500 support price

The government has proposed a wheat support price of Rs4,500 per maund under its new National Wheat Policy, which also includes a strategy to maintain strategic reserves of up to six million metric tonnes to safeguard national requirements, Federal Minister for National Food Security & Research Rana Tanveer Hussain said. Read more

• PM stresses SMEs, housing, agriculture as top priorities

Prime Minister Shehbaz Sharif has directed the State Bank of Pakistan (SBP) and the Finance Ministry not to show any leniency towards banks delaying loans under government initiatives, saying that promoting small and medium enterprises (SMEs), housing and agriculture to strengthen the economy and create jobs for youth is among the government’s top priorities. Read more

• Govt retires Rs97bn debt in a week

The government of Pakistan has retired a debt of Rs97.45 billion during the week ended October 23, 2026, which brings its total net retirement for ongoing fiscal year 2027 to Rs2.7 trillion, according to the central bank's weekly estimates. Read more

• M2 falls by Rs321bn in a week

Broad money (M2), the most widely used measure of money supply in Pakistan, dropped by Rs320.75 billion WoW to Rs44.32 trillion as of October 23, 2026, data released by State Bank of Pakistan (SBP) showed. Read more

• Pakistan must build, not just consume, fintech: Bilal Bin Saqib

Pakistan must shift from being a consumer of global financial technologies to an active contributor to the infrastructure, standards and innovation that will define the future of finance. Read more

• Pakistan seeks deeper China ties through political, party exchanges

Pakistan and China have reaffirmed their commitment to strengthening bilateral cooperation, with Prime Minister Shehbaz Sharif calling for sustained political engagement and party-to-party exchanges to further deepen the longstanding strategic partnership between the two countries. Read more

• Fauji Foundation acquires 20% stake in Pakistan Services

A 19.70% voting stake in Pakistan Services Limited (PSX: PSEL) has been acquired by Fauji Foundation, according to the company's statement issued today. Read more

• Pakistan, Bangladesh power up ties amid energy crunch

Pakistan and Bangladesh have discussed their strategies for managing the unprecedented global energy crisis, including ensuring uninterrupted fuel supplies and softening the impact of rising market uncertainty on their economies. Read more

• QUICE 1QFY27 slips into red with Rs1m loss

Quice Food Industries Limited (PSX: QUICE) slipped into the red for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), posting a net loss of Rs1m compared to a net profit of Rs3.54m in the corresponding period of the previous fiscal year. Read more

• Oil prices rebound on reports of US strikes on Iran

Oil prices climbed in early Asian trading on Tuesday after reports emerged that the United States had carried out strikes on Iran’s Qeshm Island, renewing fears of an escalation in the ongoing conflict and further disruptions to regional energy supplies. Read more

• SAZEW clarifies no equity investment in Philippines three-wheeler project

Sazgar Engineering Works Limited (PSX: SAZEW) has clarified that it has made no equity investment in a three-wheeler manufacturing and assembly plant in the Philippines, saying the facility has been set up by its distributor and not by the company itself. Read more

• Asian markets mixed, South Korea’s Kospi plunges 4%

Asian markets traded mixed on Tuesday, with South Korea’s benchmark Kospi suffering the steepest losses as weakness in technology stocks on Wall Street weighed on investor sentiment. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. Read more

• NBP replaces EFERT in UPP9 index

The Pakistan Stock Exchange (PSX) has replaced Engro Fertilizers Limited with National Bank of Pakistan (NBP) in the UBL Pakistan Enterprise Index (UPP9) following a re-composition exercise carried out as of 30 October 2026. Read more

• Refineries urge govt to withdraw revised MS pricing

Refineries have jointly urged the government to immediately withdraw the revised Motor Spirit (MS) pricing mechanism effective 31 October 2026, saying it forces them to surrender about Rs 49 per litre as Petroleum Levy (PL) without any matching recovery in their ex-refinery price, and puts viability and committed upgrade investments at risk. Read more

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