June 24, 2026 (MLN): Morning Breeze provides curated updates from the previous day’s key financial developments.
The State Bank of Pakistan (SBP) conducted an auction for the outright purchase of Government of Pakistan Ijarah Sukuk (GIS) on a deferred payment (Bai Muajjal) basis, scheduled for delivery on June 24, 2026.
Additionally, SBP executed two government securities auctions—Market Treasury Bills (MTBs) and 10-Year Floating Rate Pakistan Investment Bond (PFL) Semi-Annual—with a settlement date of June 24, 2026.
Pakistan aims to save $3.239 billion over 26 years by transitioning the Jamshoro Unit-01 power plant from imported coal to 100% domestic Thar lignite, including $2.113 billion in foreign currency savings.
Pakistan’s M3 money supply rebounded in May 2026, reversing April’s marginal contraction due to increased transferable deposits and National Savings balances.
SpaceX’s market capitalization dropped by $600 billion across three trading sessions following its inaugural bond offering, erasing value equivalent to nearly half of Bitcoin’s $1.3 trillion market cap.
Reliance Cotton Spinning Mills Limited (RCML) will be delisted from the Pakistan Stock Exchange (PSX) on June 29, 2026, following its merger with Sapphire Fibres Limited (SFL).
The National Assembly passed the Finance Bill 2026, finalizing the Rs18.77 trillion federal budget for 2026-27, amid opposition walkouts over governance and democracy concerns.
PSX-based KSE-100 Index declined for a second consecutive session due to profit-taking in banking and fertilizer stocks, offset by energy sector gains.
SBP released the advanced Monetary Policy Committee (MPC) calendar for FY27 to enhance transparency in policy formulation.
The Pakistani rupee appreciated 0.94 paisa to PKR 278.21/USD in interbank trading, reflecting sustained buying momentum.
SECP approved JD Taurus’ bid to acquire 35.06% of Saudi Pak Consultancy Company’s (SPCL) capital under the Securities Act, 2015.
SIFC approved the Machike–Thallian–Tarru Jabba White Oil Pipeline, a critical south-to-north transport corridor for modernizing energy infrastructure.
Gold prices fell in Pakistan, with 24-karat gold at Rs432,236 per tola, a decrease of Rs10,400.
Quice Food Industries Limited (QUICE) shareholders approved a scheme to merge Indus Fruit Products into Quice, pending High Court approval.
Pakistan PVC Limited (PPVC) clarified its stance on a May 4 Benami Transaction Adjudicating Authority order related to Ensena Holding FZC.
Sakrand Sugar Mills Limited (SKRS) submitted a comprehensive revival plan to improve operations, liquidity, and shareholder value.
SBP will remain closed June 25–26, 2026, for Ashura 9th and 10th Moharram 1448 A.H. observances.
Mari Energies Limited (MARI) began supplying 30 MMscfd of gas from Shams-1 to SNGPL.
Federal and provincial authorities will strengthen institutional coordination to combat marine pollution and protect coastal ecosystems.
SBP expanded eligibility for GOP Sukuk auctions to include non-bank investors, corporates, funds, and individuals.
Parliament cleared a Finance Bill granting the Federal Board of Revenue new tools to combat tax evasion, including algorithmic audits and covert investigators.
Pakistan and Türkiye deepened bilateral ties during high-level talks focusing on energy, investment, and strategic partnerships.
Oil prices fluctuated slightly as markets balanced cautious Middle East tension easing optimism.
SECP approved LSE SPAC-II Limited’s Pre-IPO of 18 million shares and IPO of 2 million shares.
The All Pakistan Textile Mills Association (APTMA) and Pakistan Cotton Ginners Association (PCGA) signed a landmark MoU.
Iranian President Masoud Pezeshkian arrived in Pakistan for a state visit hosted by Prime Minister Shehbaz Sharif.
The government discontinued fuel subsidies for motorcyclists, small farmers, public transport, and goods transporters amid declining global fuel prices and consumer relief measures.
