News Archives for Business & Finance - 2026-02-06

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Business & Finance - 2026-02-06

Markets

K-Electric share price surges 7.58% on day CEO resigns

Stock price hit intra-day high of Rs9.16 - highest in past one year

Updated 06 Feb, 2026 09:15pm

USA

Canada loses 24,800 jobs, but January unemployment rate hits 16-month low

Full-time employment in January rose by 44,900 jobs while part time employment fell by 69,700 positions

Published 06 Feb, 2026 08:27pm

Business & Finance

SBP-held foreign exchange reserves rise $56m to $16.16bn

The country’s total liquid foreign reserves stand at $21.34 billion as of January 30

Published 06 Feb, 2026 07:39pm

Markets

SBP revises up projection for workers’ remittances to $42bn in FY26

Central bank chief expects higher remittances during two Eids falling in FY26

Published 06 Feb, 2026 07:32pm

Business & Finance

Pakistan economy to remain in stabilisation phase over next two years: SBP governor

No balance of payment issues seen arising, Jameel Ahmad says

Published 06 Feb, 2026 06:57pm

Stocks

India’s NSE reports higher sequential profit on recovery in derivatives trading

Consolidated profit after tax rose 15% to 24.08 billion Indian rupees for the quarter ended December 31

Published 06 Feb, 2026 06:31pm

Stocks

Sri Lankan shares log second straight week of losses

CSE All-Share index settled 0.14% higher at 23801.96 points

Published 06 Feb, 2026 06:27pm

Stocks

UAE shares slightly up as investors watch Iran-US talks

Dubai index gained 4%,
Abu Dhabi’s benchmark index edged up 0.1%

Published 06 Feb, 2026 06:25pm

Financial

India bonds post worst fall in 6 months as RBI policy dashes liquidity support hopes

Benchmark 6.48% 2035 bond yield rose 9 basis points to 6.7363%

Published 06 Feb, 2026 05:53pm

Financial

Marginal rise in India government net borrowing should comfort market, RBI governor says

Looking at gross borrowing is not the correct way because there are much more redemptions next year than the current year, RBI

Published 06 Feb, 2026 05:47pm

Europe

TikTok hit with charges of breaching EU online content rules, app may have to change

The Commission’s preliminary findings present a categorically false and entirely meritless depiction of our platform, TikTok spokesperson

Published 06 Feb, 2026 05:32pm

Currency

Pakistan rupee registers marginal gain against US dollar

Local currency settles at 279.71 against greenback

Updated 06 Feb, 2026 08:47pm

Commodities

Copper dips, heads for biggest weekly loss in 10 months as stocks build

Benchmark three-month copper on the London Metal Exchange edged down 0.3% to $12,860.50 per metric ton

Published 06 Feb, 2026 05:06pm

Forex

Bitcoin claws up to $65,000, set for largest weekly drop since late 2022

Ether was last up 4% at $1,921, having similarly slid close to a 10-month low of $1,751.94 earlier in the session

Published 06 Feb, 2026 05:01pm

Markets

India’s forex reserves rise to record high of $723.77bn

India’s foreign-exchange reserves have risen by about $36 billion in just three weeks through Jan. 30

Published 06 Feb, 2026 04:53pm

Markets

Localisation key to making cars affordable for Pakistan’s middle class: experts

Average Pakistani doesn’t need high quality tech, they just need decent family transport, an expert says

Published 06 Feb, 2026 04:19pm

Companies

India drops small car concession in new fuel emission rules

They introduce “a substantially steeper reduction pathway” for emissions

Published 06 Feb, 2026 04:19pm

Commodities

Palm oil books first weekly drop in five on weak rivals

Dalian’s most-active soyoil contract was down 0.44%

Published 06 Feb, 2026 03:56pm

Forex

Indian rupee logs best week in over three years on US trade-pact boost

Indian rupee closed at 90.6550 per dollar, down 0.3%

Published 06 Feb, 2026 03:53pm

Stocks

India stocks notch best week in 3 months as US trade deal counters tech slide

Nifty 50 rose 0.2% to 25,693.70, while the BSE Sensex added 0.32% to 83,580.40

Published 06 Feb, 2026 03:49pm

Business & Finance

Pakistan, Uzbekistan reiterate commitment towards achieving $2bn trade target: joint declaration

PM Shehbaz, President Mirziyoyev regard decision to establish HighLevel Strategic Cooperation Council as significant milestone

Updated 06 Feb, 2026 08:51pm

Financial

Gold price per tola drops by Rs21,400 in Pakistan

International rate of gold declines by $214 to reach $4,850

Updated 06 Feb, 2026 04:52pm

Markets

Leghari directs public access to energy sector data

Says decision taken to promote transparency, support informed policymaking

Published 06 Feb, 2026 02:17pm

Stocks

Europe’s STOXX 600 drops after Stellantis results; tech stocks in focus

The pan-European STOXX 600 was down 0.2% at 610.28 points

Published 06 Feb, 2026 01:55pm

Companies

Pak Suzuki unveils its new corporate slogan “By Your Side”

Suzuki Pakistan announced the introduction of Suzuki’s new global corporate philosophy, “Suzuki By Your Side,”...

Updated 06 Feb, 2026 01:24pm

Forex

Thai baht/US dollar little changed on Friday

The baht was 0.03% lower at 31.80 versus the dollar, after trading in a range of 31.780 to 31.885

Published 06 Feb, 2026 11:21am

Mutual Funds

JGB yields fall as traders bet Takaichi election win to limit fiscal risks

The 30-year JGB yield dropped 6 basis points (bps) to 3.505%

Published 06 Feb, 2026 11:18am

Forex

Australia, NZ dollars lean on yield support amid market tremors

The pullback took the Aussie away from the recent three-year top of $0.7094

Published 06 Feb, 2026 11:15am

Markets

Vietnam’s January exports up 29.7% on year, industrial production up 21.5%

Imports over the month soared 49.2% from a year earlier to $44.97 billion

Published 06 Feb, 2026 11:13am

Stocks

PSX snaps 4-session buying rally, KSE-100 down nearly 2% on heavy selling

Benchmark index settles at 184,129.58, down by 3,702.50 points

Updated 06 Feb, 2026 06:04pm

Stocks

Japan’s Nikkei struggles for direction as tech selloff weighs

The benchmark Nikkei 225 Index inched 0.1% higher to 53,881.69 and was on course for a 1% weekly gain

Published 06 Feb, 2026 11:10am

Commodities

Palm falls on weak rivals, set for first weekly drop in five

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange lost 9 ringgit, or 0.21%, at 4,197 ringgit a metric ton

Published 06 Feb, 2026 11:07am

Commodities

Indonesia’s 2025 white sugar output at 2.67mn metric tons, agri ministry says

The government has a target to produce 3.27 million tons of white sugar by 2027

Published 06 Feb, 2026 11:05am

Commodities

Iron ore slips on commodities rout, but supply risks limit downside

The most-traded May iron ore contract on China’s Dalian Commodity Exchange traded 1.23% lower at 760.5 yuan a metric ton

Published 06 Feb, 2026 11:03am

Commodities

Copper heads for weekly fall on rising stocks, stronger dollar

The most-traded copper on the Shanghai Futures Exchange declined 2.07% to 100,380 yuan a metric ton

Published 06 Feb, 2026 11:01am

Mutual Funds

India bond rally halts for RBI outcome; traders eye liquidity measures

The benchmark 6.48% 2035 bond yield was at 6.6573%

Published 06 Feb, 2026 10:54am

Stocks

Hong Kong stocks slip as global tech rout, silver selloff dent sentiment, China mixed

the benchmark Shanghai Composite index inched up 0.11%, while the blue-chip CSI300 index lost 0.05%

Published 06 Feb, 2026 10:48am

Forex

Yuan heads for longest weekly winning streak against dollar in 13 years

The yuan was 0.05% lower at 6.9396 to the dollar after trading in a range of 6.9390 to 6.9418

Published 06 Feb, 2026 10:43am

Commodities

Chicago soybeans slip as rising global supplies weigh

The most-active soybean contract on the Chicago Board of Trade (CBOT) was down 0.5% at $11.07 a bushel

Published 06 Feb, 2026 10:37am

Markets

Toyota CEO Sato to step down, to be replaced by CFO Kon

Sato, who will become vice chairman and chief industry officer, will hold a press conference at 3:30 p.m

Published 06 Feb, 2026 10:34am

Companies

Moonis Alvi steps down as K-Electric CEO

Sources say board meeting expected coming week to decide way forward

Updated 06 Feb, 2026 12:10pm

Companies

Attock Refinery halts heavy crude distillation unit operations

Says decision taken to avoid complete shutdown of refinery operations

Updated 06 Feb, 2026 01:43pm

Bullion Rate

Gold, silver set for weekly losses on tech selloff and stronger dollar

Spot gold rose 0.4% to $4,790.80 per ounce
Spot silver was broadly steady at $71.32 an ounce after a 19.1% drop in the last session
Spot platinum fell 4.7% to $1,892.74 per ounce

Updated 06 Feb, 2026 10:22am

Forex

Indian rupee largely quiet before RBI policy; risk-off sentiment may weigh

The 1-month non-deliverable forward indicated the rupee will largely remain unchanged from 90.3550 on Thursday

Published 06 Feb, 2026 08:08am

Stocks

Indian shares set to open little changed ahead of RBI policy decision

The Gift Nifty futures were trading at 25,602.5 points

Published 06 Feb, 2026 08:06am

Forex

Dollar set for strongest week since November, yen steadies before polls

Sterling was nursing steep losses in early Asian hours and stood at $1.3520 after dropping nearly 1% in the previous session
- The dollar index , which measures the US currency against six other units, was at 97.961,

Updated 06 Feb, 2026 10:20am

Energy

Oil pauses as investors eye US-Iran talks

Brent crude futures rose 7 cents, or 0.1%, to $67.62 a barrel
US WTI crude was also up 7 cents, or 0.1%, at $63.36 a barrel

Updated 06 Feb, 2026 05:13pm

Companies

ZTBL disbursing Rs60bn under dairy financing

ISLAMABAD: The government has prioritised investment in the olive and dairy sectors, and Zarai Taraqiati Bank ...

Published 06 Feb, 2026 07:41am

Industry

Iranian CG for removing barriers to achieving USD10bn trade targets

ISLAMABAD: Iran’s Consul General in Quetta, M Karimi Toudeshki, has said that the achievement of the agreed...

Published 06 Feb, 2026 07:39am

Stocks

Stocks tumble as AI rout deepens, cryptos rebound

MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 1% to mark a second day of losses

Published 06 Feb, 2026 07:38am

Pakistan

Gwadar Airport sets up aeroplane refuel station

GWADAR: New Gwadar International Airport (NGIA) established Aeroplane Refuel Station on temporary basis in...

Published 06 Feb, 2026 07:36am

Currency

Bitcoin on the cusp of $60,000 as investors flee risky bets

The world's largest cryptocurrency was last up 1.64% at $64,153.24 in volatile trade
Ether was last up 2.4% at $1,891.27, having slid to a 10-month low of $1,751.94 earlier in the session

Updated 06 Feb, 2026 10:18am

World

Countries using internet blackouts to boost censorship: Proton

GENEVA: As countries step up their use of internet shutdowns to muzzle dissent, some are also taking advantage of...

Published 06 Feb, 2026 07:23am

Taxes

FTO takes notice of FBR’s move aimed at dissolving ADRC

ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken notice of Federal Board of Revenue’s (FBR) move of dissolving...

Updated 06 Feb, 2026 08:16am

Taxes

FBR says has not breached financial privacy of taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has not breached the financial privacy of taxpayers by sending text...

Updated 06 Feb, 2026 08:16am

Business & Finance

MoC sends sugar scandal complaint to NAB chief

KARACHI: The Ministry of Commerce forwarded a complaint to Chairman NAB regarding the misappropriation of 5,356...

Published 06 Feb, 2026 06:17am

Interest Rates

ECB keeps rates unchanged

FRANKFURT: The European Central Bank left interest rates on hold as expected on Thursday, playing down the impact of...

Published 06 Feb, 2026 05:56am

Business & Finance

Barrick reviews Reko Diq project

LONDON: Barrick Mining’s board is reviewing all aspects of a gold and copper project in Balochistan region,...

Updated 06 Feb, 2026 05:56pm

Business & Finance

Bitcoin drops, driving USD2trn slide in crypto market value

SINGAPORE/LONDON /NEW YORK: Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment...

Published 06 Feb, 2026 05:56am

Industry

Hyderabad SITE body team visits HESCO head office

HYDERABAD: A high-level delegation of the Hyderabad SITE Association of Trade and Industry, led by Senior Vice...

Published 06 Feb, 2026 05:56am

Industry

FIEDMC leasing model may hurt exports, warns PHMA

FAISALABAD: The proposed plan by the Faisalabad Industrial Estate Deve-lopment and Management Company (FIEDMC) to...

Updated 06 Feb, 2026 08:18am

Business & Finance

Sri Lanka eyes trade opportunities under PSFTA

KARACHI: Emphasising trade cooperation, Sri Lankan Consul General Sanjeewa Pattiwila underscored efforts to expand...

Published 06 Feb, 2026 05:56am

Industry

‘My Karachi Oasis of Harmony’ exhibition to begin today

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has made all arrangements to hold the 21st My Karachi...

Published 06 Feb, 2026 05:56am

Industry

Flexible packaging industry can generate up to USD300m annually: IPAK

KARACHI: Pakistan’s flexible packaging films industry has the potential to generate up to USD300 million in annual...

Published 06 Feb, 2026 05:56am

Industry

Texworld Paris: Four Pakistani firms showcase latest product ranges

KARACHI: Some four Pakistani manufacturers and exporters participate at the Spring Edition of Texworld Paris 2026,...

Updated 06 Feb, 2026 08:18am

Companies

JazzWorld announces cross-border partnership with QazCode LLP

ISLAMABAD: Jazz-World announced a landmark cross-border partnership with QazCode LLP to accelerate artificial...

Published 06 Feb, 2026 05:56am

Business & Finance

Payment of past liabilities: Mian Zahid underscores need for FPCCI-govt parleys

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial...

Published 06 Feb, 2026 05:56am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 28	278.05
USD PKR Interbank Buying / Jul 28	277.85
USD to Japanese Yen / Jul 29	163.55
USD to Swiss Franc / Jul 29	0.82
Pound Sterling to USD / Jul 29	1.33
Euro to USD / Jul 29	1.14
SOFR % / Jul 28	3.64

Stock	Volume
S&P 500 / Jul 28	7,428.78
Nasdaq / Jul 28	24,876.91
Dow Jones / Jul 28	52,747.32
India Sensex / Jul 29	77,603.30
Tokyo Nikkei / Jul 29	61,689.86
Hang Seng / Jul 29	25,684.44
FTSE 100 / Jul 29	10,884.40
Germany DAX 30 / Jul 29	25,391.76
France CAC40 / Jul 29	8,409.58

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 28	18,480
Gold 10 Grams PKR / Jul 28	366,457
Petrol/Litre / Jul 29	335.81
Crude Oil USD/Barrel / Jul 29	82.20
Gold Spot USD/Ounce / Jul 29	4,042.26
Diesel/Litre / Jul 29	388.38
Cotton US¢/pound / Jul 29	80.52

Gainers
Losers
Leaders

Stock	Price
Siddiqsons Tin / Jul 29 Siddiqsons Tin Plate Limited(STPL)	10.18 ▲ 1 (10.89%)
Gulistan Sp. / Jul 29 Gulistan Spinning Mills Limited(GUSM)	10.65 ▲ 1 (10.36%)
Reliance Ins. / Jul 29 Reliance Insurance Company Limited(RICL)	13.37 ▲ 1.22 (10.04%)
Premier Insurance / Jul 29 Premier Insurance Limited(PINL)	11.08 ▲ 1.01 (10.03%)
786 Invest Ltd / Jul 29 786 Investments Limited(786)	25.80 ▲ 2.35 (10.02%)
Trust Mod. / Jul 29 Trust Modaraba(TRSM)	19.99 ▲ 1.82 (10.02%)
Aisha Steel(ConPS) / Jul 29 Aisha Steel(ConPS)(ASLPS)	32.20 ▲ 2.93 (10.01%)
Prosperity Weav / Jul 29 Prosperity Weaving Mills Limited(PRWM)	68.05 ▲ 6.19 (10.01%)
Ruby Textile / Jul 29 Ruby Textile Mills Limited(RUBY)	18.25 ▲ 1.66 (10.01%)
Dadabhoy Cement / Jul 29 Dadabhoy Cement Industries Limited(DBCI)	25.19 ▲ 2.29 (10%)

Stock	Price
Maqbool Textile / Jul 29 Maqbool Textile Mills Limited(MQTM)	29.93 ▼ -3.33 (-10.01%)
Chashma / Jul 29 Chashma Sugar Mills Limited(CHAS)	89.63 ▼ -9.96 (-10%)
Khairpur Sug. / Jul 29 Khairpur Sugar Mills Limited(KPUS)	1,203.44 ▼ -133.71 (-10%)
National Silk / Jul 29 The National Silk & Rayon Mills Limited(NSRM)	273.69 ▼ -30.41 (-10%)
Shahtaj Sugar / Jul 29 Shahtaj Sugar Mills Limited(SHJS)	157.19 ▼ -17.47 (-10%)
Power Cem(Pref) / Jul 29 Power Cement (Pref)(POWERPS)	23.31 ▼ -2.55 (-9.86%)
Khalid Siraj / Jul 29 Khalid Siraj Textile Mills Limited(KSTM)	13.55 ▼ -1.25 (-8.45%)
Dewan Automotive Eng. / Jul 29 Dewan Automotive Engineering Limited(DWAE)	21.40 ▼ -1.96 (-8.39%)
First Tri-Star Mod. / Jul 29 First Tri-Star Modaraba(FTSM)	34.88 ▼ -3.08 (-8.11%)
Pak Engineering / Jul 29 Pakistan Engineering Company Limited(PECO)	690 ▼ -60 (-8%)

Stock	Volume
Cnergyico PK / Jul 29 Cnergyico PK Limited(CNERGY)	58,525,572 ▼ -0.19
WorldCall Telecom / Jul 29 Worldcall Telecom Limited(WTL)	48,701,793 ▼ -0.01
Siddiqsons Tin / Jul 29 Siddiqsons Tin Plate Limited(STPL)	47,002,324 ▲ 1
Trust Sec.& Brok. / Jul 29 Trust Securities & Brokerage Limited(TSBL)	40,338,000 ▲ 0
TPL Properties / Jul 29 TPL Properties Limited(TPLP)	18,531,812 ▲ 0
Samba Bank / Jul 29 Samba Bank Limited(SBL)	18,372,516 ▲ 1.05
Maple Leaf Cement / Jul 29 Maple Leaf Cement Factory Limited(MLCF)	18,273,626 ▼ -1.17
Pak Refinery / Jul 29 Pakistan Refinery Limited(PRL)	16,460,689 ▼ -1.88
TPL Corp Ltd / Jul 29 TPL Corp Limited(TPL)	14,557,637 ▼ -0.05
Pak Int.Bulk / Jul 29 Pakistan International Bulk Terminal(PIBTL)	12,795,284 ▲ 0.28

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