MG Morning Breeze: Updates to Skim before Market

November 11, 2026 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• PSO, SSGC to set LPG prices instead of OGRA

The government has shifted the responsibility for determining liquefied petroleum gas (LPG) prices from the Oil and Gas Regulatory Authority (OGRA) to state-owned entities Pakistan State Oil (PSO) and Sui Southern Gas Company (SSGC). Read more

• Govt slashes petrol price by Rs8, diesel by Rs7

The Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices of petroleum products, reducing the price of Motor Spirit (petrol) by Rs8.00 per litre and High-Speed Diesel (HSD) by Rs7.00 per litre, effective November 11, 2026. Read more

• PM Shehbaz to urge concrete climate action at COP31

Prime Minister Shehbaz Sharif is visiting Antalya, Türkiye, for three days starting today to take part in the Leaders’ Summit of the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31), where he will urge the world to take concrete action against the threat climate change poses to the planet. Read more

• Customs seizes Rs1bn heroin, Rs52m smuggled goods

Pakistan Customs seized 42.891 kg of heroin with an estimated international market value of Rs1.2bn at Ziarat Cross, recovered smuggled goods worth Rs51.6m at DES Kolpur, Quetta, and detected suspected cigarette-filter raw material at Sost Dry Port involving estimated duties and taxes of Rs319m, as enforcement operations intensified nationwide. Read more

• PKR edges higher against USD

The Pakistani rupee (PKR) posted a marginal gain against the US dollar in the interbank market on Tuesday, appreciating by 0.87 paisa to settle at PKR 276.65 per dollar, compared to the previous closing of PKR 276.66. Read more

• PSX Closing Bell: Bulls Deliver a Knockout

The benchmark KSE-100 Index surged 5,448.56 points, or 3.13%, to close Tuesday's trading session at 179,335.24, as strong remittance inflows and easing oil prices supported investor sentiment. Read more

• Pakistan, China ties to deepen on strategic cooperation, trade

Pakistan and China ties are set to be deepened through stronger strategic cooperation, higher bilateral trade, more Chinese investment and closer security collaboration. Read more

• Govt approves board changes at NESPAK, HESCO and SEPCO

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved proposals for changes to the boards of National Engineering Services Pakistan (NESPAK), Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO). Read more

• Gold price in Pakistan falls Rs1,500 per tola

Gold price in Pakistan decreased on Tuesday, with 24-karat gold being sold at Rs430,836 per tola, down Rs1,500. Read more

• TPL Insurance rebrands as JazzSure, gets new PSX symbol

TPL Insurance Limited has changed its name to JazzSure Insurance Limited, with its Pakistan Stock Exchange (PSX) trading symbol revised from “TPLI” to “JAZZSURE”. Read more

• Bahria Town set to exit Escorts Investment Bank

Control of Escorts Investment Bank Limited is set to change hands, with Kamran Malik and Sheikh Ali Baakza planning to buy the 87.9639% stake held by Bahria Town (Private) Limited and to make a public offer for a further 6.02% of the bank’s shares. Read more

• Pakistan, Türkiye to cooperate on FMD control, vaccines

Pakistan and Türkiye have agreed to deepen cooperation in the livestock sector, with a focus on Foot and Mouth Disease (FMD) control, vaccine manufacturing, livestock development and meat exports. Both sides agreed to pursue these areas on a mutually beneficial basis. Read more

• FCCL makes Rs3bn early repayment to cut debt costs

Fauji Cement Company Limited (PSX: FCCL) has made an early repayment of Rs3.367 billion against its KIBOR-based long-term loan facility obtained from a syndicate of banks. Read more

• High net worth individuals get largest share of AMFBL IPO

ABHI Microfinance Bank Limited (AMFBL) has allocated the largest share of its initial public offering (IPO) to high net worth individuals (HNIs), who received 37.73mn shares, or about 38.11% of the 99mn shares on offer. Read more

• SECP puts Khaadi IPO Prospectus under lens

Khaadi Pakistan’s IPO is on the Securities and Exchange Commission of Pakistan’s (SECP) radar, with the regulator raising a series of questions on the draft prospectus, people familiar with the matter told Mettis Global. Read more

• Gold steady at $4,116 ahead of US inflation data

Gold prices were more or less steady on Tuesday as investors await US inflation data for cues on the Federal Reserve’s policy direction. Read more

• VEON Pakistan revenue jumps 27% to Rs145bn in 3QCY26

Revenue from VEON’s Pakistan operations rose 26.6% YoY to Rs144.94bn in 3QCY26 (July–September), while EBITDA grew 23.9% to Rs65.17bn and EBIT surged 53.1% to Rs44.24bn. Read more

• Fitch flags soft sukuk liquidity

Liquidity in Fitch-rated sukuk has held broadly steady since August 2026 but remains below the levels seen in January, before the Iran conflict, Fitch Ratings said. Read more

• Pakistan drops $660 price floor in fresh sugar export tender

Pakistan has issued a fresh international tender for the export of 108,000 metric tons of surplus sugar, removing the minimum price requirement after its previous attempt failed to attract any bids. Read more

• Crestwell Healthcare gets Shariah-compliance nod from Al-Hilal

Crestwell Healthcare Limited (PSX:CWHC) (formerly S.G Power Limited) has been declared Shariah-compliant, making investment in its shares permissible, according to a Shariah screening certificate issued by Al-Hilal Shariah Advisors. Read more

• Worker remittances rise 14% YoY in October 2026

Pakistan received workers’ remittances of $3.89bn in October 2026, up 8.5% from $3.59bn in September 2026 and up 13.8% on a yearly basis from $3.42bn in October 2025, according to the latest data released by the State Bank of Pakistan (SBP). 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

• SIFC, Jazz explore investment in data centres, AI factories

The Special Investment Facilitation Council (SIFC) and Jazz have explored investment opportunities in Pakistan’s digital infrastructure, particularly the development of data centres and artificial intelligence (AI) factories, with SIFC saying it is working to facilitate private-sector investment in emerging technologies and next-generation digital infrastructure. Read more

• Oil extends losses, trades near $92 on hopes of easing Iran tensions

Oil prices slipped on Tuesday, extending the previous session’s decline, as easing concerns over further U.S. military action against Iran reduced fears of prolonged disruptions to energy supplies from the Middle East. Read more

• Asian markets rally as tech stocks rebound, Kospi surges over 5%

Asian markets opened higher on Tuesday, with technology stocks leading gains as investors stepped in to buy shares following recent declines, while a sharp drop in oil prices and a strong overnight rally on Wall Street further boosted market sentiment. Read more

• SPJBC signs MoU for Saudi-Pakistan private equity fund

The Saudi-Pakistan Joint Business Council (SPJBC) has signed a memorandum of understanding (MoU) to set up the Saudi-Pakistan Private Equity Fund, which will start with a multi-hundred-million-sized corpus and is meant to grow into a much larger fund across sectors. Read more

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