News Archives for Business & Finance - 2026-05-11

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Business & Finance - 2026-05-11

Companies

Pakistan court ruling clears path for TRG founder's return, raises governance concerns

Shares in TRG Pakistan rose as much as 10% on Monday after the decision

Updated 12 May, 2026 12:23pm

Money & Banking

India's SBI sheds over $11 billion in two sessions on margin squeeze, disappointing earnings

BENGALURU: State Bank of India shed more than $11 billion in market value over two sessions on narrowing margins and...

Published 11 May, 2026 10:21pm

Energy

Chinese energy giant Hiconics eyes Pakistan manufacturing

Hiconics, a Midea Group company, plans phased investment in Pakistan in 5-10 years

Updated 12 May, 2026 07:38am

Business & Finance

Jet Green: SIFC fast-tracks long-pending approvals for $30m airline project

SIFC's swift action cleared years of regulatory hurdles for Jet Green's $30 million airline, boosting Pakistan's aviation sector with new competition and job prospects.

Updated 11 May, 2026 09:52pm

Industries & Sectors

Ali Pervaiz Malik reaffirms commitment to refinery upgradation, energy security

Emphasises urgent refinery modernisation to secure Pakistan's energy supply, reduce external reliance, and produce cleaner Euro-V fuels for a better environment.

Published 11 May, 2026 04:26pm

Companies

Battery storage sector leads as Pakistan-China B2B event secures 27 MoUs

Over 50 MoUs, including a $82 million deal in battery storage, signal robust Pakistan-China economic cooperation

Published 11 May, 2026 04:23pm

Exchange

Rupee inches up against US dollar

Settles at 278.67

Updated 11 May, 2026 09:40pm

Forex

Indian rupee drops most in a month to record closing as oil runs hot over US-Iran stalemate

Indian rupee fell nearly 0.9% to 95.31 per dollar

Published 11 May, 2026 03:41pm

Companies

India's markets regulator plans quicker approval for alternative investment funds

SEBI says the earlier review process is time-consuming

Published 11 May, 2026 03:35pm

Commodities

Gold price drops by Rs5,300 per tola in Pakistan

International rate of gold declines by $53 to reach $4,660 per ounce

Published 11 May, 2026 03:28pm

Budgets

ICAP presents key budgetary proposals to Aurangzeb

ICAP and Aurangzeb collaborated on budget proposals, aiming for a transparent, technology-driven tax system to boost economic growth

Published 11 May, 2026 02:54pm

Stocks

SECP allows five brokerages to offer Shariah-compliant trading

Investors can now directly access Sharia-compliant shares, sukuk, and Islamic ETFs through new brokerage windows

Published 11 May, 2026 02:32pm

Companies

India's Tata Consumer jumps to two-year high on upbeat revenue forecast

Tata Consumer was among 10 stocks trading in the green on the benchmark Nifty 50 index

Published 11 May, 2026 02:25pm

Financial

Japanese bonds fall as inflation concerns mount ahead of debt sale

Benchmark 10-year JGB yield rose 4 basis points (bps) to 2.515%, closing in on the 29-year high of 2.535%

Published 11 May, 2026 02:04pm

Stocks

Australian shares slide as banks, CSL drag; US-Iran tensions hit risk appetite

The S&P/ASX 200 index ended 0.5% lower at 8,701.8

Published 11 May, 2026 02:02pm

Stocks

Japan's Nikkei retreats from record high as Iran conflict concerns resurface

Benchmark Nikkei 225 Index fell 0.5% to close at 62,417.88, erasing an earlier gain to 63,385.04 in the session

Published 11 May, 2026 01:57pm

Stocks

European shares tepid as markets weigh US-Iran deadlock

Pan-European STOXX 600 was flat at 611.67 points

Published 11 May, 2026 01:44pm

Commodities

Copper rises on upbeat China data, supply concerns after Freeport delay

Benchmark three-month copper on the LME was up 0.23% at $13,604 a metric ton

Published 11 May, 2026 01:41pm

Commodities

Japan, Shanghai rubber futures decline on weaker tyre demand

OSE rubber contract for October delivery was down 0.5 yen, or 0.12%, at 413.1 yen per kg

Published 11 May, 2026 01:38pm

Commodities

Iron ore rallies for sixth day on upbeat Chinese data

Benchmark June iron ore on the Singapore Exchange was 0.88% higher at $111.4 a ton

Published 11 May, 2026 01:34pm

Commodities

Gold falls on oil-driven inflation worries as US–Iran peace talks falter

Spot gold fell 0.8% at $4,676.02 per ounce

Published 11 May, 2026 01:31pm

Stocks

Korea's KOSPI hits all-time high as 'ants' join global rush to buy AI stocks

Samsung Electronics and SK Hynix led the charge, rising 6.3% and 11.5%, respectively

Published 11 May, 2026 01:22pm

Business & Finance

National Steel Complex raises double taxation concerns with commerce minister

During the meeting, the delegation briefed the Minister on concerns arising from the existing duty structure...

Updated 11 May, 2026 03:08pm

Companies

Ambani's Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say

The firm holds discussions with its foreign investors for each to sell 8% of their individual holdings in the IPO

Published 11 May, 2026 11:14am

Commodities

Palm climbs on stronger soyoil, crude oil prices

Dalian’s most-active soyoil contract rose 0.55%

Updated 11 May, 2026 03:32pm

Stocks

China stocks hit 11-year high on AI optimism, exports rebound

The blue-chip CSI 300 Index was up 1.4%

Published 11 May, 2026 10:49am

Stocks

India's SBI drops as brokerages flag margin pressure after quarterly miss

The stock dropped to 977.7 Indian rupees

Published 11 May, 2026 10:47am

Stocks

India shares, rupee fall on Modi's call for austerity, crude price spike

Nifty 50 fell 1.49% to 23,815.85, while the BSE Sensex shed 1.7% to 76,015.28

Updated 11 May, 2026 03:38pm

Forex

Dollar gains as Trump says Iran peace offer 'unacceptable'

The euro is down 0.2% at $1.1757, the yen slips 0.3% to 157.155 yen per dollar, and the British pound is 0.3% lower at $1.3590

Published 11 May, 2026 10:40am

Forex

Pakistan records $3.5bn in remittances for April 2026

During Jul-Apr FY26, remittances clock in at $33.9bn

Updated 11 May, 2026 05:28pm

Energy

Oil prices rise 3% as Trump says Iran ceasefire "on life support"

Brent crude futures were up $3.17, or 3.13%, at $104.46 a barrel at 12:15 p.m. EDT

Updated 11 May, 2026 11:21pm

Stocks

Selling at bourse, KSE-100 sheds over 600 points

Benchmark index settles at 170,506.31

Updated 11 May, 2026 05:50pm

Business & Finance

Govt revises Gwadar Port tariff structure to attract greater traffic

Gwadar Port significantly reduces tariffs, including a 40% cut on transshipment cargo, to attract global traffic and accelerate regional economic growth

Updated 11 May, 2026 01:47pm

Business & Finance

BMP slams govt’s move for Rs230bn new taxes in budget

LAHORE: Pakistan’s leading business federation has pushed back sharply against the government’s reported plan to...

Published 11 May, 2026 07:12am

World

China, US to hold trade talks in South Korea next week

Chinese and US officials will meet next week in South Korea, paving the way for a potential Xi-Trump summit.

Published 11 May, 2026 06:54am

Business & Finance

High-level Chinese team to visit FPCCI today

Over 50 Chinese business leaders are meeting Pakistani entrepreneurs at FPCCI to forge new joint ventures and enhance economic ties, facilitated by the Ambassador.

Published 11 May, 2026 06:28am

Companies

Faysal Bank & Avanza strengthen digital collaboration

KARACHI: Faysal Bank, one of the leading and most innovative Islamic banks in the country, has further reinforced...

Published 11 May, 2026 05:59am

Business & Finance

‘Integrated transport system key to Gwadar Port’s global status’

Gwadar Port officials met to strategize full operationalization, promoting transit trade and Central Asian market access.

Updated 11 May, 2026 07:38am

Companies

Advance Robotics Innovation: ABL partners with CHISEL Lab

LAHORE: Allied Bank, one of Pakistan’s leading commercial banks, has entered into a strategic R&D collaboration...

Published 11 May, 2026 05:59am

Cotton & Textile

Weekly Cotton Review: Market witnesses sharp price surge

Pakistan's cotton stocks are critically low, driving prices up to Rs 23,000 per maund and destabilizing the market amidst urgent calls for intervention.

Published 11 May, 2026 05:59am

Business & Finance

Pakistani, Chinese officials review progress on Challenge SEZ

LAHORE: Pakistani and Chinese officials have toured the under-construction Challenge Special Economic Zone in...

Published 11 May, 2026 05:59am

Business & Finance

Prices of essential items in Peshawar show mixed trend

Soaring food prices and unchecked inflation in Peshawar are making essential kitchen items unaffordable for ordinary citizens.

Published 11 May, 2026 05:59am

Industry

Businessmen urge KP govt to abolish 1pc IDC on exports

PESHAWAR: Business-men and exporters in Khyber Pakhtunkhwa associated with diverse sectors urged the provincial...

Published 11 May, 2026 05:59am

Companies

Digital banking products and services: ZTBL creates 900 jobs for graduates, postgraduates

ISLAMABAD: Zarai Taraqiati Bank Limited (ZTBL) through digital banking products and services, has reached small...

Published 11 May, 2026 05:59am

Pakistan

Illegal tobacco: ACT Alliance lauds recent actions of FBR

ISLAMABAD: ACT Alliance Pakistan has appreciated the Federal Board of Revenue for its recent actions against illegal...

Published 11 May, 2026 05:59am

Business & Finance

KP govt holds conference on Chinese investment

PESHAWAR: The government of Khyber Pakhtunhwa organised an investment conference of local industrialists, relevant...

Published 11 May, 2026 05:59am

Pakistan

PDP warns of rising debt burden

KARACHI: A deadly debt noose is being tightened around Pakistan, but sadly all stakeholders, government,...

Published 11 May, 2026 05:59am

Companies

Apple, Intel reach preliminary chip-making deal: WSJ

WASHINGTON: Intel has reached a preliminary deal to make some chips for Apple devices, the Wall Street Journal...

Published 11 May, 2026 05:59am

Companies

Porsche to cut 500 jobs

FRANKFURT: Porsche said Friday it will close three subsidiaries, including an EV battery developer, with the loss of...

Published 11 May, 2026 05:59am

South Asia

Sri Lanka to hike electricity tariff amid energy crisis

COLOMBO: Sri Lanka will increase electricity rates by up to 18 percent from Monday to offset the additional costs of...

Published 11 May, 2026 05:59am

Agriculture and Allied

Indus Water Treaty violations by India threaten rice production in KP

PESHAWAR: As golden wheat fields disappear from the plains of Swabi after harvest, farmers in Khyber Pakhtunkhwa are...

Updated 11 May, 2026 09:17am

Business & Finance

Malik, Barrick Gold Chairman review Reko Diq progress, future steps

Key officials reviewed progress on the Reko Diq Copper-Gold Project, a strategic national asset for Pakistan's future.

Updated 11 May, 2026 09:20am

Business & Finance

PHMA seeks tax, energy and trade reforms before budget

Exporters urge Pakistan to reform tax and energy policies, and boost trade diplomacy to protect its struggling export industry.

Updated 11 May, 2026 09:16am

Industry

International Carpet Exhibition: Carpet makers concerned over not release for funds

LAHORE: The Pakistan Carpet Manufacturers and Exporters Association has expressed serious concern over the absence...

Published 11 May, 2026 05:59am

Pakistan

PBTE conducts placement drive for telecom company

LAHORE: The Punjab Board of Technical Education (PBTE), Lahore, has successfully organised a placement drive for a...

Published 11 May, 2026 05:59am

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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