MG Morning Breeze: Updates to Skim before Market – Mettis Global

Mettis Morning Breeze: Energy Pricing Reforms and Economic Policy Initiatives

November 04, 2026 (MLN):Mettis Morning Breeze provides readers with curated updates from the previous day to reduce information overload.

The Oil and Gas Regulatory Authority (OGRA) has revised ex-depot petroleum prices effective November 4, 2026. Motor Spirit (petrol) is reduced by Rs5.45 per litre, while High-Speed Diesel (HSD) is increased by Rs3.68 per litre.

The federal government and Lahore Chamber of Commerce & Industry (LCCI) have endorsed a coordinated strategy to boost agricultural exports, integrating government support, private‑sector expertise, agricultural research, internationally recognized testing and certification, value addition, and targeted market development.

The Securities and Exchange Commission of Pakistan (SECP) has issued the Companies (Prohibition of Unlawful Activities) Regulations, 2026, to curb Ponzi schemes, pyramid schemes, and other illegal investment practices by clearly defining prohibited activities and imposing restrictions on offending entities.

Gold prices in Pakistan remained stable on Tuesday, with 24‑karat gold trading at Rs412,136 per tola, unchanged from the prior session.

The Pakistani rupee rose marginally against the US dollar in interbank trading on Tuesday, appreciating by 0.82 paisa to close at PKR 276.71 from the previous session’s 276.72.

Under a Share Purchase Agreement signed on October 30, 2026, a 13.07% stake in Nimir Industrial Chemicals Limited (PSX: NICL) will be transferred to Cherat Cement Company Limited at Rs340 per share.

Haji Mohammad Ismail Mills Limited (PSX: HMIM) has approved a draft scheme of arrangement for the merger and amalgamation of Sego Pakistan (Private) Limited (SPL), as recorded at its board meeting on November 3, 2026.

The Pakistan Stock Exchange (PSX) has recorded an all‑time high monthly increase of 25,747 in October 2026, representing a 66% year‑over‑year rise and bringing the total investor base to a record 681,965, up 56% YoY.

The government has disbursed Rs27 billion into the Prime Minister’s Fuel Relief Scheme, benefiting over 15 million people with subsidised petroleum products for eligible consumers.

Urea offtakes in Pakistan rose 39% year‑on‑year to 487,000 tons in October 2026, while DAP offtakes declined by 24% to 166,000 tons.

Oil marketing companies (OMCs) have been invited to prequalify for supplying high‑speed diesel (HSD) to the 1,180MW combined‑cycle power plant at Bhikki, Sheikhupura, Punjab, under tender IFP‑38‑RLNG‑POWER PLANT (HSD).

Gold prices remained steady on Tuesday as investors awaited the outcome of the US midterm elections.

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

At‑Tahur Limited (PSX: PREMA) has retained its entity rating of A‑/A2 from VIS Credit Rating Company Limited (VIS), with its outlook upgraded from Stable to Positive.

Pakistan has called for deeper economic integration, enhanced trade‑financing access, and stronger private‑sector cooperation among Islamic nations, emphasizing that greater trade integration could unlock substantial prosperity for the broader Muslim world.

The government has proposed a Rs4,500 per maund wheat support price under its new National Wheat Policy, which also outlines a strategy to maintain strategic reserves of up to six million metric tonnes to ensure food security, announced by Food Security Minister Rana Tanveer Hussain.

Prime Minister Shehbaz Sharif has instructed the State Bank of Pakistan (SBP) and the Finance Ministry to impose strict measures on banks that delay loans under government schemes, emphasizing that robust support for SMEs, housing, and agriculture is a top priority to strengthen the economy and generate youth employment.

Pakistan has retired Rs97.45 billion in debt during the week ending October 23, 2026, bringing the total net retirement for the ongoing fiscal year 2027 to Rs2.7 trillion, per central bank estimates.

Broad money (M2), the primary measure of Pakistan’s money supply, fell by Rs320.75 billion week‑on‑week to reach Rs44.32 trillion as of October 23, 2026, according to State Bank of Pakistan (SBP) data.

Pakistan must transition from being a consumer of global financial technologies toward an active contributor to infrastructure, standards, and innovation shaping the future of finance.

Pakistan and China have reaffirmed their commitment to strengthen bilateral cooperation, with Prime Minister Shehbaz Sharif urging continued political engagement and intra‑party dialogue to deepen the strategic partnership already anchored between the two nations.

A 19.70% voting stake in Pakistan Services Limited (PSX: PSEL) has been acquired by the Fauji Foundation, the company announced today.

Pakistan and Bangladesh have discussed strategies to manage the unprecedented global energy crisis, focusing on ensuring uninterrupted fuel supplies and mitigating the impact of market volatility on their economies.

Quice Food Industries Limited (PSX: QUICE) turned a profit in the first quarter ending September 30, 2026 (1QFY27/3MFY27), recording a net loss of Rs1 million against a net profit of Rs3.54 million in the corresponding period of the previous fiscal year.

Oil prices surged in early Asian trading after reports surfaced that the United States had conducting strikes on Iran’s Qeshm Island, reigniting fears of conflict escalation and potential disruptions to regional energy markets.

Sazgar Engineering Works Limited (PSX: SAZEW) has clarified that the company has not made equity investments in a three‑wheeler manufacturing and assembly plant in the Philippines, stating that the facility was established by its distributor rather than the company itself.

Asian markets posted mixed results on Tuesday, with South Korea’s Kospi index suffering the steepest declines as weak technology stocks in Wall Street dampened overall investor confidence.

The National Bank of Pakistan (NBP) treasury management division released the latest exchange rates on Tuesday.

The Pakistan Stock Exchange (PSX) has replaced Engro Fertilizers Limited with the National Bank of Pakistan (NBP) in the UBL Pakistan Enterprise Index (UPP9) following a re‑composition exercise conducted on October 30, 2026.

Refineries have jointly called on the government to immediately withdraw the revised Motor Spirit (MS) pricing mechanism effective October 31, 2026, alleging that the policy forces them to forfeit approximately Rs 49 per litre as Petroleum Levy (PL) without a corresponding recovery in their ex‑refinery pricing, thereby threatening viability and essential upgrade investments.

Source link