sql script confusion

I am in the process of testing PostGreSQL for our sales and product
database and I am a little confused about SQL scripting and various
available languages. (My background is mostly MSSQL Server).

I am using the PGAdmin tool and I would like to write a script to
update all sequences to the current max value in the table.

Do I need to use a specific language in a function to do this or does
it work as native SQL, as it would in T-SQL?

What I would like to do is something like -
(pseudo code)
declare cursor for select relname from pg_statio_user_sequences
open cursor
fetch next into var_relname
while not cursor.eof
      set var_tblname=substring(var_relname, "0 until _")
      set var_fieldname=substring(var_relname,"first _ until 2nd _")
      select var_maxID=max(var_fieldname) from var_tblname
      ALTER SEQUENCE var_relname
            RESTART WITH var_maxID+1;
      fetch next into var_relname
end loop

Can dynamic statements be written in "raw sql" or do they need to be
encompassed in a language? Do all language scripts have to be
functions or can I do something like:
Start Language Processing Here
...Code
End Language Processing


Thank You
Sim Zacks
IT Manager
CompuLab
04-829-0145 - Office
04-832-5251 - Fax