News Archives for Business & Finance - 2026-02-23

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Business & Finance - 2026-02-23

Markets

Italy’s Enel to invest 20bn euros in renewables by 2028

Company says in a strategy plan that it wanted to invest a total of 53 billion euros between 2026 and 2028

Published 23 Feb, 2026 11:10pm

Middle East

Saudi Arabia deficit widens to $25.28 billion in Q4 2025, finance ministry says

The kingdom’s total spending reached 371 billion riyals in Q4, up from 358.4 billion riyals in Q3

Published 23 Feb, 2026 09:23pm

Business & Finance

SECP clarifies ‘misreported’ data on dissolution of foreign companies

Commission says only 19 foreign companies ceased operations in Pakistan during 2022–2025

Updated 23 Feb, 2026 09:42pm

Financial

Indian bonds tick higher as US-Iran jitters ease, but hefty debt sales loom

Benchmark 6.48% 2035 bond yield settled at 6.6970%

Published 23 Feb, 2026 07:39pm

Markets

US to make tariff decision on solar panels from India, Indonesia and Laos

The Alliance for American Solar Manufacturing and Trade includes South Korea’s Hanwha Qcells and Arizona-based First Solar

Published 23 Feb, 2026 07:37pm

Markets

Indian telecom firm Bharti Airtel to invest $2.2 billion to expand digital lending

The telecom major will contribute 70% of the 200 billion Indian rupees capital

Published 23 Feb, 2026 07:31pm

Stocks

Sri Lankan shares close largely flat

CSE All Share index settled up 0.04% at 23,783.02

Published 23 Feb, 2026 07:23pm

Markets

Indian state chief minister says IDFC First Bank delayed acting on suspected fraud

The bank disclosed on Saturday suspected fraudulent transactions totaling 5.9 billion Indian rupees

Published 23 Feb, 2026 07:20pm

USA

Trump renews attack on US Supreme Court, vows other tariffs, licenses

US president said he would raise a temporary tariff from 10% to 15% on US imports from all countries

Updated 23 Feb, 2026 09:54pm

Stocks

Wall St on pace for lower open as tariff uncertainty curbs risk appetite

Dow E-minis were down 239 points, or 0.48%, S&P 500 E-minis were down 29.75 points

Published 23 Feb, 2026 07:03pm

Commodities

Copper retreats from one-week high as inventories rise, confusion swirls on tariffs

Benchmark three-month copper on the London Metal Exchange fell 0.4% to $12,913 a metric ton

Published 23 Feb, 2026 07:00pm

Stocks

Most Gulf equities edge higher amid US-Iran nuclear talks

Saudi Arabia’s benchmark index finished 0.3% higher in a volatile session

Published 23 Feb, 2026 06:57pm

Stocks

Indian shares gain on US tariff relief, IT firms extend losses

Benchmark Nifty 50 closed 0.55% higher at 25,713, and the BSE Sensex added 0.58% to 83,294.66

Published 23 Feb, 2026 05:25pm

Commodities

Palm falls on overnight weakness in Chicago soyoil, firmer ringgit

Benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange lost 8 ringgit, or 0.2%, to 4,084 ringgit a metric ton

Published 23 Feb, 2026 05:12pm

Forex

Indian Rupee edges up as local factors eat into US tariff ruling-driven gains

Indian rupee ended at 90.8825 per U.S. dollar

Published 23 Feb, 2026 05:08pm

South Asia

India’s drug regulator inspected 90% of cough syrup makers, found lapses, official says

We took serious actions on serious non-compliances, and our belief is that the rot of cough syrup manufacturing will be removed

Published 23 Feb, 2026 04:57pm

Money & Banking

CCP greenlights acquisition of First Women Bank Limited

Upon completion, Eve Holdings will assume full ownership and control of FWBL

Published 23 Feb, 2026 03:45pm

Business & Finance

FPCCI urges activation of Risk Management Systems of DPP, PSQCA

Sheikh hails the implementation of faceless assessment and the pre-arrival facility through the post-payment mechanism

Published 23 Feb, 2026 02:28pm

Forex

South African rand edges up with national budget in focus this week

The rand traded at 15.9925 against the dollar, up 0.4% from its previous close

Published 23 Feb, 2026 02:05pm

Companies

Renault to take full ownership of electric van joint venture Flexis

The agreement will become effective by the end of the first half of 2026, it added

Published 23 Feb, 2026 02:03pm

Financial

Gold price per tola gains Rs3,000 in Pakistan

10-gram gold sold at Rs460,015 after increasing by Rs2,572

Updated 23 Feb, 2026 04:56pm

Commodities

South Korea’s MFG bought 65,000 tons feed corn from US in private deal

Shipment was sought between May 1 and May 31 if sourced from the US Pacific Northwest coast, which traders expected

Published 23 Feb, 2026 01:00pm

Business & Finance

Interloop’s Zulqarnain outlines roadmap to accelerate Pakistan’s exports

Musadaq Zulqarnain, CEO of Interloop Limited, one of Pakistan’s largest exporters, has laid out a comprehensive...

Published 23 Feb, 2026 12:55pm

Stocks

Australian stocks fall as US tariff move sours risk appetite

The S&P/ASX 200 index fell 0.4% to 9,045.7

Published 23 Feb, 2026 11:49am

Forex

Australia, NZ currencies hold firm as US dollar dragged down by tariffs

The Aussie was flat at $0.7080, after gaining 0.5% on Friday to help notch a sixth straight week of gains

Published 23 Feb, 2026 11:42am

Stocks

South Korean shares rise to record high on chip, auto boost; US tariffs in focus

The benchmark KOSPI was up 84.41 points, or 1.45%, at 5,892.94

Published 23 Feb, 2026 11:38am

Commodities

Soybeans fall for second session on US tariff uncertainty

Wheat fell for the first time in four sessions, while corn ticked lower

Published 23 Feb, 2026 11:31am

Markets

China is making ‘full assessment’ of US Supreme Court tariff ruling, commerce ministry says

The ministry said it noticed the US planned to maintain tariffs on trading partners through alternative means including trade investigations

Published 23 Feb, 2026 11:29am

Commodities

Palm falls for a second session on weaker crude oil, stronger ringgit

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange lost 21 ringgit, or 0.51%, to 4,071 ringgit a metric ton

Published 23 Feb, 2026 11:24am

Energy

OGDC’s profit down 11% in 1HFY26 amid lower sales

Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,...

Published 23 Feb, 2026 11:02am

Commodities

LME copper hits over one-week high as dollar slides on US tariff ruling

Benchmark copper on the LME was up 0.2% at $12,978.50 a metric ton

Published 23 Feb, 2026 11:02am

Energy

Goldman Sachs raises oil price forecast for Q4 of 2026

In a note dated Sunday, the bank said it expects OPEC+ to begin gradually increasing production in the second quarter of 2026

Published 23 Feb, 2026 10:59am

Markets

Indonesia budget deficit at 0.21% of GDP in January, finmin says

Spending rose 25.7% on an annual basis to hit 227.3 trillion rupiah

Published 23 Feb, 2026 10:47am

Stocks

Hong Kong shares bounce after US Supreme Court tariff ruling; tech shares lead

The benchmark Hang Seng Index advanced 2.3% to 27,019.21

Published 23 Feb, 2026 10:42am

Markets

Singapore core inflation at 1.0% y/y in January, lower than expected

Headline inflation was 1.4% in annual terms in January, close to the poll forecast of 1.45%

Published 23 Feb, 2026 10:39am

Mutual Funds

India bonds stall on geopolitical risk, heavy supply

The benchmark 6.48% 2035 bond yield was at 6.7143%

Published 23 Feb, 2026 10:21am

Companies

Maple Leaf Cement acquires 88.28% stake in Pioneer Cement, gains control

Maple Leaf Cement Factory Limited (MLCF) has acquired control of Pioneer Cement Limited (PIOC) after completing a...

Updated 23 Feb, 2026 12:28pm

Companies

Milk producer Ghani Dairies imports 300 high-yield heifers from Australia

Says import forms part of the company's strategic expansion plan

Published 23 Feb, 2026 09:53am

Stocks

KSE-100 Index closes over 3% lower as selling grips bourse

Benchmark index settles at 167,691.08, down by 5,478.63 or 3.16%

Updated 23 Feb, 2026 08:15pm

Stocks

Indian shares set to open higher after US Supreme Court scraps Trump tariffs

The Gift Nifty futures were trading at 25,744.5 points

Published 23 Feb, 2026 08:33am

Forex

Indian rupee set to rise after US court scraps Trump tariffs; new 15% duty tempers relief

The 1-month non-deliverable forward indicated the rupee will open in the 90.78-90.82 range versus the US dollar, having settled at 90.9825 on Friday.

Published 23 Feb, 2026 08:30am

Bullion Rate

Gold climbs to 3-week high as US tariff ruling stokes uncertainty

Spot gold climbed 1.1% to $5,161.64 per ounce
US gold futures for April delivery were up 2% at $5,183
Spot silver climbed 3.1% to $87.20 per ounce, a more than two-week high

Updated 23 Feb, 2026 02:33pm

Stocks

Wall St futures, dollar drop amid US tariff tumult

Japan's Nikkei was shut for a holiday but futures traded down 1.0% at 56,605 versus a cash close of 56,825

Published 23 Feb, 2026 08:23am

Forex

Dollar dips as Trump’s tariff wall slips

The dollar fell 0.4% to 154.42 yen

Published 23 Feb, 2026 08:17am

Energy

Oil hovers near six-month high with nuclear talks and US tariffs in focus

Brent crude futures were up 9 cents at $71.85 a barrel
US WTI crude gained 15 cents to $66.63

Updated 23 Feb, 2026 07:10pm

Business & Finance

India delays US trade talks after Supreme Court rejects Trump tariffs

NEW DELHI: India has delayed plans to send a trade delegation to Washington this week, chiefly because of...

Published 23 Feb, 2026 03:58am

Companies

ABHI Microfinance Bank inks MoU with TouchPoint

KARACHI: Commercial banks, along with IT companies, are working extensively to upgrade the advanced infrastructure...

Published 23 Feb, 2026 03:58am

Industry

‘SMEs in Hyderabad SITE vital pillar of Pakistan’s economy’

HYDERABAD: Zubair Ghangra, Chairman of the Hyderabad SITE Association of Trade & Industry (HSATI), has...

Updated 23 Feb, 2026 05:58am

Business & Finance

3.2pc growth target: BMP panel raises doubts over govt’s ability

LAHORE: The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry has raised...

Published 23 Feb, 2026 03:58am

Industry

Handmade carpet exporters for resolving supply chain disruptions

ISLAMABAD: A delegation of the Pakistan Carpet Manufacturers and Exporters Association called on Federal Minister...

Published 23 Feb, 2026 03:58am

Industry

Jam vows to resolve issues facing PCMEA

LAHORE: Federal Minister for Commerce Jam Kamal Khan met with a delegation of the Pakistan Carpet Manufacturers and...

Published 23 Feb, 2026 03:58am

Business & Finance

Weekly Cotton Review: Prices show upward trend on better trading volumes

KARACHI: An overall upward trend in the prices of quality cotton has been observed in the domestic cotton market,...

Published 23 Feb, 2026 03:58am

Agriculture and Allied

Use of mango-protection bag likely to hit 10m mark

ISLAMABAD: The use of the mango bag is likely to hit nearly 10 million in 2026 as export prices jump around 70...

Published 23 Feb, 2026 03:58am

Business & Finance

Prices of essential kitchen items remain firm in Peshawar

PESHAWAR: Prices of daily important kitchen, including cooking oil/ghee, sugar, flour, live chicken/meat, except...

Published 23 Feb, 2026 03:58am

Business & Finance

Azakhel Dryport: FCCA hails clearance of FATA/PATA containers

PESHAWAR: The Frontier Customs Agents Association Khyber Pakhtunkwha (FCCA-KP) hailed the customs authorities for...

Published 23 Feb, 2026 03:58am

Companies

Mobile tariffs, service quality: ‘PTA committed to addressing concerns’

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has assured that it will address recent concerns raised on...

Published 23 Feb, 2026 03:58am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 27	278.06
USD PKR Interbank Buying / Jul 27	277.86
USD to Japanese Yen / Jul 28	163.75
USD to Swiss Franc / Jul 28	0.82
Pound Sterling to USD / Jul 28	1.33
Euro to USD / Jul 28	1.14
SOFR % / Jul 27	3.64

Stock	Volume
S&P 500 / Jul 27	7,413.18
Nasdaq / Jul 27	24,932.08
Dow Jones / Jul 27	52,210.08
India Sensex / Jul 28	76,916.26
Tokyo Nikkei / Jul 28	62,078.15
Hang Seng / Jul 28	25,254.48
FTSE 100 / Jul 28	10,802
Germany DAX 30 / Jul 28	25,507.27
France CAC40 / Jul 28	8,432.64

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 27	18,480
Gold 10 Grams PKR / Jul 27	370,144
Petrol/Litre / Jul 28	334.18
Crude Oil USD/Barrel / Jul 28	82.05
Gold Spot USD/Ounce / Jul 28	4,040.61
Diesel/Litre / Jul 28	386.83
Cotton US¢/pound / Jul 28	80.50

Gainers
Losers
Leaders

Stock	Price
Siddiqsons Tin / Jul 28 Siddiqsons Tin Plate Limited(STPL)	9.18 ▲ 1 (12.22%)
Gulistan Sp. / Jul 28 Gulistan Spinning Mills Limited(GUSM)	9.65 ▲ 1 (11.56%)
Khalid Siraj / Jul 28 Khalid Siraj Textile Mills Limited(KSTM)	14.80 ▲ 1.35 (10.04%)
Intermarket Securities / Jul 28 Intermarket Securities Limited(IMS)	26.79 ▲ 2.44 (10.02%)
Adamjee Ins. / Jul 28 Adamjee Insurance Company Limited(AICL)	90.56 ▲ 8.23 (10%)
Baba Farid Sugar / Jul 28 Baba Farid Sugar Mills Limited(BAFS)	546.95 ▲ 49.72 (10%)
First Tri-Star Mod. / Jul 28 First Tri-Star Modaraba(FTSM)	37.96 ▲ 3.45 (10%)
Khairpur Sug. / Jul 28 Khairpur Sugar Mills Limited(KPUS)	1,337.15 ▲ 121.56 (10%)
National Silk / Jul 28 The National Silk & Rayon Mills Limited(NSRM)	304.10 ▲ 27.65 (10%)
Ellcot Spinning / Jul 28 Ellcot Spinning Mills Limited(ELSM)	146.72 ▲ 13.34 (10%)

Stock	Price
Trust Sec.& Brok. / Jul 28 Trust Securities & Brokerage Limited(TSBL)	2.30 ▼ -0.3 (-11.54%)
Asia Ins. / Jul 28 Asia Insurance Company Limited(ASIC)	44.51 ▼ -4.95 (-10.01%)
Maqbool Textile / Jul 28 Maqbool Textile Mills Limited(MQTM)	32.37 ▼ -3.6 (-10.01%)
Olympia Mills / Jul 28 Olympia Mills Limited(OML)	140.34 ▼ -15.59 (-10%)
TPL Insurance / Jul 28 TPL Insurance Limited(TPLI)	72.29 ▼ -8.03 (-10%)
Azgard Nine (Non-Voti) / Jul 28 Azgard Nine (Non-Voti)(ANLNV)	7.21 ▼ -0.8 (-9.99%)
Pakistan Credit Rating Agency / Jul 28 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	32.52 ▼ -3.5 (-9.72%)
Nets Internat.Comm. / Jul 28 Nets International Communication Limited(GEMNETS)	23.50 ▼ -2.5 (-9.62%)
Ruby Textile / Jul 28 Ruby Textile Mills Limited(RUBY)	16.55 ▼ -1.75 (-9.56%)
ARM Green Industries / Jul 28 ARM Green Industries Limited(ARMG)	62.40 ▼ -6.52 (-9.46%)

Stock	Volume
Cnergyico PK / Jul 28 Cnergyico PK Limited(CNERGY)	272,364,545 ▲ 0.28
WorldCall Telecom / Jul 28 Worldcall Telecom Limited(WTL)	72,178,416 ▼ -0.03
Trust Sec.& Brok. / Jul 28 Trust Securities & Brokerage Limited(TSBL)	63,580,301 ▼ -0.3
Pak Refinery / Jul 28 Pakistan Refinery Limited(PRL)	38,847,087 ▲ 3.87
Maple Leaf Cement / Jul 28 Maple Leaf Cement Factory Limited(MLCF)	24,081,768 ▲ 0.86
Ghani Chem. Ind. / Jul 28 Ghani Chemical Industries Limited(GCIL)	22,665,764 ▲ 1.45
TPL Corp Ltd / Jul 28 TPL Corp Limited(TPL)	21,692,273 ▲ 0.24
Siddiqsons Tin / Jul 28 Siddiqsons Tin Plate Limited(STPL)	18,823,751 ▲ 1
K-Electric Ltd. / Jul 28 K-Electric Limited(KEL)	14,991,244 ▼ -0.07
Intermarket Securities / Jul 28 Intermarket Securities Limited(IMS)	14,668,680 ▲ 2.44

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