June 30, 2026 (MLN): Morning Breeze strives to ease readers’ workload by highlighting the day’s most important developments.
SBP reserves declined by $1.3 billion due to external debt repayments, with inflows expected to appear in the June-end position.
Sitara Petroleum Service Limited (PSX: SPSL) announced on Monday that it functions solely as an authorized dealer managing a nationwide fuel‑station network and does not import or purchase petroleum products from refineries, thereby insulating the listed firm from a broad Federal Investigation Agency probe that has unsettled Pakistan’s oil‑marketing industry.
Pakistan finalized the first financial closing of the privatization of Pakistan International Airlines Corporation Ltd. (PIACL), transferring management control of the national carrier to the Arif Habib‑led buyer consortium.
The Securities and Exchange Commission of Pakistan (SECP) cleared ten initial public offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) in the first half of 2026, nine of which completed their subscriptions and raised over Rs20 billion from the public.
The Pakistan Stock Exchange (PSX) faced pressure on Monday, as the benchmark KSE‑100 index slipped more than 1,150 points amid renewed Middle‑East geopolitical tensions, higher global oil prices, and profit‑taking in large‑cap stocks.
The Pakistani rupee extended its advance against the U.S. dollar in Monday’s interbank trade, gaining 2.94 paisa (0.01 %) to settle at PKR 278.17 per USD, up from PKR 278.20 the previous day.
Mughal Energy Limited has prepaid Rs1.8583 billion of its outstanding long‑term loan, while the remaining Rs661.67 million will continue under the original terms.
Service Long March Tyres Limited (PSX:SLM) has raised its annual production capacity for truck and bus radial tyres from 1.6 million to 2 million units, an increase of roughly 25 %.
A notable ownership shift is occurring at Saudi Pak Consultancy Company Limited (PSX: SPCL), after Syed Sabur Rehman announced his plan to acquire 35.06 % of the company’s issued and paid‑up capital.
Gold prices in Pakistan fell on Monday, with 24‑karat gold trading at Rs428,936 per tola, a decline of Rs2,300.
At its June 29 2026 meeting, the Board of Directors of Service Industries Limited (PSX: SRVI) approved a share split that reduces the face value from Rs10 to Rs1 per share, issuing ten new shares for each existing share.
EFU Life Assurance Limited (PSX:EFUL) is evaluating a possible acquisition of Waada Digital (Private) Limited after receiving board approval.
Pakistan Credit Rating Agency (PACRA) affirmed Bank AL Habib Limited’s (PSX: BAHL) entity ratings at AAA for long‑term and A1+ for short‑term, with a stable outlook, as of June 23 2026.
Punjab has enacted a legislative remedy for one of Pakistan’s enduring corporate compliance challenges, introducing the Punjab Trusts (Amendment) Act, 2026 to resolve a registration impasse that has stalled thousands of employer‑managed benefit funds since the Punjab/Sindh Trust Act, 2020 amendments took effect in 2022, as noted in a regulatory brief by Hemani & Associates.
MCB Bank Limited’s entity ratings have been upheld by PACRA at AAA for long‑term and A1+ for short‑term, with a stable outlook, reflecting its solid financial foundation, stable deposit base, and consistent earnings.
PACRA also kept National Bank of Pakistan’s (NBP) entity ratings at AAA for long‑term and A1+ for short‑term, with a stable outlook.
Oil & Gas Development Company Limited (PSX:OGDC) has started production from the Bobi Deep‑1 well in Sanghar District, Sindh, after discovering oil in the Massive Sand of the Lower Goru Formation on June 3 2026.
S.G. Power Limited (PSX: SGPL) has fulfilled the corporate and regulatory requirements to shift its primary business from Power Generation Allied (Other) to Pharmaceutical Allied (Healthcare Sector).
Gold prices slipped on Monday after renewed U.S.–Iran military tensions pushed crude oil higher, raising inflation expectations and leading investors to reassess the outlook for U.S. interest rates.
Karachi Port Trust (KPT) recorded its highest ever annual cargo throughput, exceeding the prior record of 54.685 million tonnes set over its 138‑year history.
Pakistan’s digital payments ecosystem kept expanding rapidly in the third quarter of FY26, with retail transactions via formal banking and payment channels reaching 3.7 billion.
Engro Holdings Limited (ENGROH) is forecast to climb to a target price of Rs359 per share from its current Rs284, offering a 25 % upside by June 2027, supported by its growing telecom tower portfolio and favorable fertilizer trends.
Exide Pakistan Limited (PSX: EXIDE) posted a 30 % drop in net profit for the fiscal year ended March 31 2026, with after‑tax profit falling to Rs431.55 million from Rs614.37 million a year earlier.
The treasury management division of the National Bank of Pakistan (NBP) released the following exchange rates on Monday.
Asian markets traded unevenly on Monday as investors responded to renewed U.S.–Iran military escalation, while watching for possible effects on global energy supplies and financial markets.
Oil prices rose slightly on Monday after fresh U.S.–Iran military exchanges over the weekend revived worries about Middle‑East crude supplies.
Karandaaz Pakistan is intensifying its effort to move from isolated actions to systemic integration, aiming to embed gender equity throughout the country’s digital and financial ecosystem.
