News Archives for Business & Finance - 2026-05-09

Business & Finance - 2026-05-09

Markets

NEV policy: experts call for sustainable roadmap for Pakistan’s EV transition

Pakistan's ambitious NEV policy targets 30% EV sales by 2030, but experts warn of high costs, import dependency, and the urgent need for infrastructure to avoid failure.

Published 09 May, 2026 10:25pm

Business & Finance

Govt reviews export rebate framework ahead of budget

A high-level meeting reviewed Pakistan's export promotion schemes

Published 09 May, 2026 03:18pm

Bullion Rate

Gold price drops by Rs400 per tola in Pakistan

International rate of gold declines by $4 to reach $4,713 per ounce

Published 09 May, 2026 12:36pm

Technology

Parent company of Trump's Truth Social reports $400mn loss

Trump Media & Technology Group reports revenue of less than $1 million for the three months ending March 31

Published 09 May, 2026 11:24am

Industry

Jam Kamal stresses financing reforms for dairy sector growth

Better financing will significantly boost Pakistan's dairy sector productivity

Published 09 May, 2026 11:21am

Commodities

China gold production slips in first quarter, consumption rises

Total gold production from domestic and imported raw materials is 136.230 metric tons

Published 09 May, 2026 11:11am

Markets

China April exports rebound strongly after sluggish March, trade surplus widens

Exports expand 14.1% from a year earlier in U.S. dollar value terms

Published 09 May, 2026 10:34am

Commodities

China soybean imports jump in April, year to date shipments ahead of 2025

Soybean imports in April come in at 8.48 million metric tons

Published 09 May, 2026 10:27am

Commodities

China coal imports fall 14% in April, customs data shows

April's significant drop in coal imports

Published 09 May, 2026 10:21am

Commodities

China aluminium exports jump 15% in April as Iran war squeezes global supply

April is the highest month of exports in at least a year

Published 09 May, 2026 10:13am

Asia

ASEAN summit ends with only a push to fast-track oil share pact

CEBU, (Philippines): Southeast Asian leaders were united on Friday in calling for a regional fuel-sharing framework...

Published 09 May, 2026 07:00am

Forex

Japan spent USD64bn in yen interventions

TOKYO: Japan has spent around 10 trillion yen (USD64 billion) since last week propping up the yen, local media...

Published 09 May, 2026 06:58am

Business & Finance

Oil prices jump

HOUSTON: Brent crude futures jumped as much as 3 percent on Friday, a day after the US and Iran traded air strikes,...

Published 09 May, 2026 05:51am

Business & Finance

Industrialists advocate for ‘stable’ policies

ISLAMABAD: The country’s industrialists have urged the government to formulate stable industrial policies and...

Published 09 May, 2026 05:51am

Business & Finance

Customs values of smart watches revised

ISLAMABAD: Directorate General of Customs Valuation, Karachi, has revised customs values of the smart watches,...

Published 09 May, 2026 05:51am

Middle East

Iran creates agency to collect Hormuz tolls

LONDON: Iran has created an authority to approve transit through the Strait of Hormuz and to collect tolls from...

Updated 09 May, 2026 06:14am

Energy

Petrol price hiked by Rs14.92, HSD’s by Rs15

ISLAMABAD: The federal government announced a significant increase in petroleum product prices on Friday, with hikes...

Published 09 May, 2026 05:51am

Pakistan

Punjab millers say not to stock wheat till govt buying target met

LAHORE: Flour milling industry of Punjab has resolved not to stock wheat till the provincial government achieves its...

Published 09 May, 2026 05:51am

Pakistan

PPP Policy Board approves major projects

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, presiding over the 52nd meeting of the Public-Private Partnership...

Published 09 May, 2026 05:51am

Industry

PIBF presents seven-point economic revival agenda

LAHORE: The Pak International Business Forum (PIBF) has proposed a seven-point economic revival agenda for the...

Published 09 May, 2026 05:51am

Business & Finance

PAFI expresses serious reservations over proposed FOPL policy

LAHORE: The Pakistan Association of Food Industries (PAFI) has expressed serious reservations over the proposed...

Published 09 May, 2026 05:51am

Business & Finance

Federal Secy assures LCCI of commitment to boosting exports

LAHORE: Federal Secretary of Commerce Jawad Paul pledged the government’s unwavering commitment to boosting...

Published 09 May, 2026 05:51am

Business & Finance

Removal of distortions in ST regime: Experts for expanding third schedule of ST Act

ISLAMABAD: Experts on Friday called for removing distortions in the sales tax regime in the 2026-27 budget by...

Published 09 May, 2026 05:51am

Business & Finance

Trade ecosystem: PSW, TDAP ink MoU to advance digitalization

KARACHI: Pakistan Single Window (PSW) and the Trade Development Authority of Pakistan (TDAP) have signed a...

Published 09 May, 2026 05:51am

Companies

IPO nets Rs956m: Wahdat Poultry makes remarkable PSX debut

KARACHI: Wahdat Poultry Farm Limited was formally listed on the Main Board of the Pakistan Stock Exchange (PSX) on...

Published 09 May, 2026 05:51am

Companies

SLM Tyres eyes self-sufficiency in tyre manufacturing

KARACHI: Service Long March Tyres Limited (SLM Tyres), Pakistan’s first and largest truck and bus radial (TBR) tyre...

Published 09 May, 2026 05:51am

Business & Finance

IMF's Executive Board approves $1.32bn financing for Pakistan

Decision allows disbursement of around $1.1 billion under the EFF arrangement and around $220 million under the RSF arrangement

Updated 09 May, 2026 05:00pm

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 27	163.55
USD to Swiss Franc / Jul 27	0.81
Pound Sterling to USD / Jul 27	1.34
Euro to USD / Jul 27	1.14
SOFR % / Jul 27	3.64

Stock	Volume
S&P 500 / Jul 24	7,411.98
Nasdaq / Jul 24	24,975.82
Dow Jones / Jul 24	51,947.25
India Sensex / Jul 27	76,744.88
Tokyo Nikkei / Jul 27	64,771.01
Hang Seng / Jul 27	25,112.38
FTSE 100 / Jul 27	10,773.82
Germany DAX 30 / Jul 27	25,432.98
France CAC40 / Jul 27	8,448.93

Item	Value
Crude Oil USD/Barrel / Jul 27	83.71
Karachi Cotton PKR/37.32 KG / Jul 27	18,480
Gold 10 Grams PKR / Jul 27	370,144
Gold Spot USD/Ounce / Jul 27	4,095.93
Cotton US¢/pound / Jul 27	80.58
Petrol/Litre / Jul 28	334.18
Diesel/Litre / Jul 28	386.83

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 27 Trust Securities & Brokerage Limited(TSBL)	2.60 ▲ 0.36 (16.07%)
Waves Corporation / Jul 27 Waves Corporation Limited(WAVES)	10.95 ▲ 1 (10.05%)
Cresent Jute / Jul 27 Crescent Jute Products Limited(CJPL)	20.41 ▲ 1.86 (10.03%)
First IBL Mod. / Jul 27 First IBL Modaraba(FIBLM)	16.67 ▲ 1.52 (10.03%)
First Tri-Star Mod. / Jul 27 First Tri-Star Modaraba(FTSM)	34.51 ▲ 3.14 (10.01%)
Oilboy Energy / Jul 27 Oilboy Energy Limited(OBOY)	16.71 ▲ 1.52 (10.01%)
Service Textile / Jul 27 Service Industries Textiles Limited(SERT)	47.92 ▲ 4.36 (10.01%)
Thatta Cement / Jul 27 Thatta Cement Company Limited(THCCL)	65.75 ▲ 5.98 (10.01%)
Crescent Cotton / Jul 27 Crescent Cotton Mills Limited(CCM)	55.61 ▲ 5.06 (10.01%)
Ashfaq Textile / Jul 27 Ashfaq Textile Mills Limited(ASHT)	34.64 ▲ 3.15 (10%)

Stock	Price
Olympia Mills / Jul 27 Olympia Mills Limited(OML)	155.93 ▼ -17.33 (-10%)
TPL Insurance / Jul 27 TPL Insurance Limited(TPLI)	80.32 ▼ -8.92 (-10%)
Asia Ins. / Jul 27 Asia Insurance Company Limited(ASIC)	49.46 ▼ -5.49 (-9.99%)
Ahmad Hassan / Jul 27 Ahmad Hassan Textile Mills Limited(AHTM)	99.92 ▼ -10.62 (-9.61%)
Pakistan Credit Rating Agency / Jul 27 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36.02 ▼ -3.6 (-9.09%)
UDL International / Jul 27 UDL International Limited(UDLI)	19.80 ▼ -1.97 (-9.05%)
Premier Sugar / Jul 27 The Premier Sugar Mills(PMRS)	505.79 ▼ -46.94 (-8.49%)
Sally Textile / Jul 27 Sally Textile Mills Limited(SLYT)	16.34 ▼ -1.31 (-7.42%)
The Thal Ind.Corp. / Jul 27 The Thal Industries Corporation Limited(TICL)	1,017.82 ▼ -69.83 (-6.42%)
Karam Ceramics / Jul 27 Karam Ceramics Limited(KCL)	134.64 ▼ -6.73 (-4.76%)

Stock	Volume
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	135,860,213 ▲ 0.03
Trust Sec.& Brok. / Jul 27 Trust Securities & Brokerage Limited(TSBL)	92,629,988 ▲ 0.36
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	81,338,112 ▲ 0.47
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	59,231,062 ▲ 0.33
TPL Properties / Jul 27 TPL Properties Limited(TPLP)	55,234,210 ▲ 0.21
B.O.Punjab / Jul 27 The Bank of Punjab(BOP)	34,964,351 ▲ 1.97
Media Times Ltd / Jul 27 Media Times Limited(MDTL)	28,843,959 ▼ -0.23
TPL Corp Ltd / Jul 27 TPL Corp Limited(TPL)	27,419,235 ▲ 1.32
Maple Leaf Cement / Jul 27 Maple Leaf Cement Factory Limited(MLCF)	25,438,242 ▲ 8.39
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	18,001,733 ▲ 2.37

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