MG Morning Breeze: Updates to Skim before Market

November 06, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• ABHI IPO: The Gold Behind the Glitter

Walk into any of ABHI Microfinance Bank’s 114 branches with your gold jewellery, and the bank will lend against it at a loan-to-value ratio that its own prospectus puts at 95%. The indicative yield is 38.3% a year. The typical tenure is about 11 months. Read more

• Petrol price slashed by Rs9.41, diesel by Rs5.56 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 Rs9.41 per litre and High-Speed Diesel (HSD) by Rs5.56 per litre, effective November 6, 2026. Read more

• SBP reserves rise $39m to $21.6bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $39.5 million or 0.18% WoW to $21.56 billion during the week ended on October 30, 2026, data released by State Bank of Pakistan showed on Thursday. Read more

• SCRA balance rises Rs618m to Rs39bn in week ended Oct 30

The SCRA balance increased by Rs617.69m during the week ending Oct 30, 2026 to close at Rs38.96 billion. Read more

• BoE raises Bank Rate to 4%

The Bank of England (BoE) has raised its Bank Rate by 0.25 percentage points to 4%, its first increase in more than three years, as it seeks to curb rising prices driven by higher petrol and diesel costs. Read more

• Gold price in Pakistan rises Rs9,600 per tola

Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs435,636 per tola, up Rs9,600. Read more

• Bilal Bin Saqib, Mastercard discuss digital-asset technologies

Pakistan Virtual Assets Regulatory Authority (PVARA) and Mastercard have discussed opportunities from the convergence of traditional financial systems and emerging digital-asset technologies, with a focus on blockchain-enabled infrastructure to improve cross-border payments, strengthen remittance efficiency, enable the responsible tokenisation of financial assets and widen access to modern financial services. Read more

• PKR strengthens to 276.67 against USD

The Pakistani rupee (PKR) appreciated by 3.39 paisa against the US dollar in the interbank market on Thursday, closing at PKR 276.67 compared to the previous session's closing of PKR 276.70. Read more

• PSX Closing Bell: Green Without Brakes

The benchmark KSE-100 Index surged 3,366.38 points or 1.96% on Thursday to close at 175,379.86, as broad-based buying across heavyweight sectors powered a strong market rally. Read more

• PM terms tech-based fuel subsidy a game changer

Prime Minister Shehbaz Sharif has expressed satisfaction over the progress and transparency of the Prime Minister’s Fuel Relief Programme, saying the technology-based subsidy initiative will prove a game changer for public welfare. Read more

• SNGP declares Rs3 per share dividend

Sui Northern Gas Pipelines Limited (PSX: SNGP) reported a modest 1% increase in its net profit for the fiscal year ended June 30, 2026 (FY26), reaching Rs14.81bn compared to Rs14.59bn in the previous fiscal year. Read more

• Pakistan gets $7bn debt rollover support from 3 countries

Pakistan has secured assurances for the rollover of $7.3bn in loans from Saudi Arabia, China and Kuwait, providing support to the country's external financing position for the current fiscal year. Read more

• SSGC FY26 profit drops 26% to Rs2.5bn

Consolidated profit for the year of Sui Southern Gas Company Limited (PSX: SSGC) fell 26.14% year-on-year to Rs2.54bn for the year ended June 30, 2026 (FY26), compared with Rs3.44bn in FY25. Read more

• Pakistan Railways targets 20% freight market share under reform plan

Pakistan Railways plans to increase its freight market share from 8% to 20% and passenger share from 5% to 7.52% following the upgradation of Main Line-1 (ML-1), under a comprehensive reform roadmap aimed at modernizing the department and improving its financial sustainability. Read more

• Govt working to remove bottlenecks in SME access to finance

The government is working to remove bottlenecks and help small and medium enterprises (SMEs) access finance, with a financing facility prepared to support the long-term growth of exports. Read more

• SECP registers 5,003 new companies in October

The Securities and Exchange Commission of Pakistan (SECP) registered 5,003 new companies in October, bringing the total number of registered companies in the country to 321,794. Read more

• Apna Ghar crosses Rs100bn milestone in six months

Disbursements under the Prime Minister’s Apna Ghar Programme have crossed Rs100bn, reaching Rs104bn through 17,697 housing loans as of October 30, 2026, just six months after its formal launch. Read more

• Domestic consumers remain top priority in surplus sugar export

The government has made it clear that exports of surplus sugar will go ahead only without affecting domestic price stability, with protection of domestic consumers remaining its primary priority. Read more

• Thatta Cement FY26 profit slips 3% to Rs2bn

Consolidated profit for the year of Thatta Cement Company Limited (PSX: THCCL) fell 2.90% year-on-year to Rs2.28bn for the year ended June 30, 2026 (FY26), compared with Rs2.34bn in FY25. Read more

• Pakistan sets G-24 agenda around global financial reforms

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has outlined Pakistan’s priorities for its chairmanship of the Intergovernmental Group of Twenty-Four (G-24), with a focus on strengthening the collective voice of developing economies and advancing reforms in the global financial system. Read more

• Gold climbs to $4,113 as dollar, Treasury yields slip

Gold prices rose on Thursday, helped by a weaker US dollar and lower US Treasury yields after Democrats’ sweeping victory in the US midterm elections. Read more

• LSE Capital approves JV with LABLINK for Sindh project

LSE Capital Limited (PSX: LSECL) has approved participation in a joint venture (JV) with LABLINK Enterprises for the pre-qualification and bidding of a project in Sindh. Read more

• Oil nears $94, Trump election setback fuels Iran peace hopes

Oil prices extended their decline for a fourth consecutive session on Thursday, as investors assessed the potential impact of US President Donald Trump's Republican Party losses in Congressional elections on the likelihood of further military escalation in the Middle East. Read more

• Pakistan eyes disease-free zones, wider meat access to Türkiye

Pakistan and Türkiye have agreed to turn their strategic partnership into practical initiatives in agriculture, livestock, vaccine production, human resource development and value-added food exports through institutional linkages, technical collaboration and direct engagement between ministries, universities and experts. Read more

• Finance Minister, PTEA review export competitiveness

Finance Minister Muhammad Aurangzeb has urged exporters to adapt their business models to the requirements of the evolving global economy, stressing greater focus on innovation, productivity, technology adoption and value addition to stay competitive in changing international markets. Read more

• SBP raises Rs393bn through PIB auction

The State Bank of Pakistan (SBP) raised Rs392.83bn in face value terms through the auction of Pakistan Investment Bonds (Fixed Rate), comprising competitive, non-competitive, and short-selling acceptances, against total bids of Rs1,295.54bn received across five tenors. Read more

• Govt raises Rs196bn in Hybrid Sukuk auction

The Government of Pakistan raised a combined Rs196.196bn 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 Rs125bn. Read more

• Senator Aurangzeb, Mastercard explore digital payments cooperation

Pakistan and Mastercard have discussed ways to strengthen cooperation in digital payments, financial inclusion and cybersecurity in line with Pakistan’s ongoing push towards a cashless economy. Read more

• Asian markets trade mixed after Wall Street rally

Asian markets opened mixed on Thursday, with Japan and Australia posting gains while South Korean equities traded lower, as investors assessed Wall Street's rally following the US midterm election results and a sharp decline in oil prices. Read more

• NBP issues foreign exchange rates

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

• PM vows all-out efforts to secure winter energy supplies

Prime Minister Shehbaz Sharif has said the government is making all-out efforts to ensure the availability of LNG, LPG and oil during the coming winter despite rising international prices and disruptions in maritime routes, while keeping power plants running and limiting the burden of costlier energy on the public. Read more

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