News Archives for Business & Finance - 2026-05-12

Business & Finance - 2026-05-12

Markets

Pakistan close to achieve WHO Level 3 certification for pharma exports to 150 countries

With 8 firms already recognized globally, Pakistan's pharmaceutical industry is rapidly expanding into high-end markets like the US and Europe.

Published 12 May, 2026 11:09pm

Markets

Pakistan, China sign 10 MoUs for local production of medicine raw material, vaccines

MoUs also pave ways for transfer of technology and mobilising investment into the country

Published 12 May, 2026 10:46pm

Markets

Pakistan car sales jump 52% in July-April FY26

April sales rose by over 100% to 17,387 units

Published 12 May, 2026 08:36pm

Markets

Tesla to invest $250 million in battery plant outside Berlin

Tesla's $250M investment in its Berlin Gigafactory will nearly double battery production to 18 GWh, strengthening its supply chain and boosting jobs.

Published 12 May, 2026 08:04pm

Business & Finance

CCP approves United Ethanol’s acquisition of stake in restructuring firm

CCP approves United Ethanol's conglomerate merger with PCRCL, ensuring no market disruption in Pakistan's financial restructuring sector.

Published 12 May, 2026 06:02pm

Exchange

Rupee inches up against US dollar

Settles at 278.66 against greenback

Updated 12 May, 2026 09:05pm

Budgets

Pakistan's textile sector presents budgetary proposals to Aurangzeb

Pakistan's textile sector urged for 2026-27 budget reforms to cut costs, boost exports and modernise

Published 12 May, 2026 04:15pm

Business & Finance

PM Shehbaz directs expedited work on new fertilizer plants to boost local production

Mandates timely fertiliser delivery to farmers, ensuring adequate reserves for Kharif and Rabi seasons, prioritising food security

Published 12 May, 2026 04:03pm

Money & Banking

SBP projects Pakistan’s FY26 GDP growth at 3.75-4.75%, warns of Middle East war risks

ME war impact on overall economic activity is not expected to be significant in FY26, says SBP

Updated 12 May, 2026 05:46pm

Energy

Kuwait to explore strategic storage projects in Pakistan

Pakistan and Kuwait are strengthening energy collaboration, with plans for strategic storage and refining

Published 12 May, 2026 02:57pm

Commodities

Gold price gains Rs4,100 per tola in Pakistan

International rate of gold increased by $41 to reach $4,701 per ounce

Published 12 May, 2026 02:35pm

Markets

Indian banks resume bullion imports after month-long halt over 3% levy, sources say

'We paid a 3% integrated goods and services tax at customs to clear gold and silver shipments,' says bank

Published 12 May, 2026 02:23pm

Business & Economy

Pakistan to increase oil imports from Russia amid Hormuz crisis, reports

Driven by the Strait of Hormuz crisis, Pakistan and Russia are advancing a key gas pipeline project

Published 12 May, 2026 02:03pm

Energy

India will need to assess ability of fuel retailers to bear losses, oil minister says

Petrol and diesel spot prices have surged to multi-year highs globally as the Middle East conflict disrupted supply

Published 12 May, 2026 01:57pm

Commodities

Japan rubber futures range-bound on supply uncertainty

OSE rubber contract for October delivery was down 1.6 yen, or 0.39%, at 411.5 yen ($2.61) per kg.

Published 12 May, 2026 01:52pm

Markets

India's state-owned EXIM Bank plans $10.5 billion debt fund raise in fiscal 2027

It will raise about $3.5 billion from overseas markets via bilateral and syndicated loans

Updated 12 May, 2026 02:14pm

Energy

China’s Dongjin Power to setup $15mn dry battery plant in Punjab

Dongjin Power investment highlights growing Chinese interest in Pakistan's energy sector

Published 12 May, 2026 01:29pm

Commodities

Copper eases as Iran peace deal hopes fade, U.S. inflation data due

Benchmark three-month copper on the LME declined 0.41% to $13,894 a metric ton

Published 12 May, 2026 01:10pm

Stocks

South Korea's KOSPI falls sharply on profit-taking near 8,000 level

KOSPI closed 2.3% lower at 7,643.15

Published 12 May, 2026 01:07pm

Stocks

Australian shares fall for third day as banks weigh ahead of federal budget

The S&P/ASX 200 closed 0.4% lower at 8,670.70

Published 12 May, 2026 01:04pm

Stocks

European equities fall as fragile Mideast ceasefire dents risk sentiment

Pan-European STOXX 600 shed 1.1% to 605.79 points

Published 12 May, 2026 01:02pm

Stocks

Japan's Nikkei ends higher as AI-related shares rise

Nikkei rose 0.52% to 62,742.57

Published 12 May, 2026 01:00pm

Companies

Pakistan’s first premium plug-in hybrid E-SUV officially hits the roads as Chery Master begins Tiggo 9 PHEV deliveries

In a landmark moment for Pakistan’s automotive industry, Chery Master Pakistan has officially commenced customer...

Published 12 May, 2026 12:50pm

Asia

Pacific Islands' economic growth to slow: World Bank

World Bank urges Pacific Island countries to focus on local job creation, particularly for youth

Published 12 May, 2026 12:28pm

Companies

Bayer Q1 operating profit jumps 9% on boost from soy business

The group also confirmed its currency-adjusted guidance for 2026 results

Published 12 May, 2026 12:02pm

Commodities

Gold slips as markets assess Mideast tensions ahead of US inflation data

Spot gold fell 0.6% at $4,705.99 per ounce

Published 12 May, 2026 11:22am

Business & Finance

Millat Tractors to manufacture Chinese electric bikes in Pakistan

Millat Tractors, Pakistan's largest, is pivoting to electric bikes with a Chinese partnership amid surging demand.

Published 12 May, 2026 11:20am

Companies

LSE SPAC-I acquires 19.04% stake in Ningbo Green Light Energy

Invests Rs230 million in Ningbo Green Light Energy, a leading solar solutions provider, boosting green energy

Published 12 May, 2026 11:20am

Forex

South African rand slips ahead of labour data, unemployment seen steady

The rand traded at 16.48 against the dollar

Published 12 May, 2026 11:19am

Forex

Indian central bank likely selling dollars to limit Indian rupee's slide, traders say

The Indian rupee fell to a record low of 95.6250 per dollar

Published 12 May, 2026 11:09am

Forex

Indian rupee's rough patch worsens on oil, outflow strain; central bank likely steps in

Indian rupee fell to 95.7375 per dollar

Updated 12 May, 2026 03:31pm

Commodities

Palm slips as Dalian palm olein weighs

Dalian’s most-active soyoil contract rose 0.16%

Updated 12 May, 2026 03:29pm

Stocks

Indian shares post worst drop in six weeks; $115bn wiped out as Mideast hopes fade

Nifty 50 fell 1.83% to 23,379.55

Updated 12 May, 2026 03:57pm

Business & Finance

Pakistan, Turkmenistan push for regional energy & trade connectivity cooperation

Islamabad and Ashgabat are boosting regional connectivity and energy ties, leveraging Pakistan's strategic location to unlock trade opportunities

Published 12 May, 2026 10:47am

Forex

Dollar steady as Middle East peace hopes recede

The euro last bought $1.1775, while sterling was at $1.3602, both steady on the day

Published 12 May, 2026 10:34am

Energy

Oil prices jump on latest US-Iran peace process impasse

Brent crude futures gain $3.47, or 3.3%, to $107.68 a barrel by 1045 GMT

Updated 12 May, 2026 06:19pm

Business & Finance

Pakistani pharma Searle to transfer biologic portfolio to Nextar

Company plans a significant Rs4 billion investment into its subsidiary, Nextar Pharma

Published 12 May, 2026 10:14am

Stocks

KSE-100 sheds nearly 1% amid geopolitical volatility

Benchmark index settles at 168,916.22

Updated 12 May, 2026 05:45pm

World

Musk, Apple’s Cook and Boeing CEO going to China with Trump

WASHINGTON/BEIJING/NEW YORK: Elon Musk, Apple’s Tim Cook, GE Aerospace’s Larry Culp and Boeing’s Kelly Ortberg will...

Published 12 May, 2026 08:02am

Companies

BofA settles allegation of insider trading rule violation with India regulator

BENGALURU: The Indian investment banking and securities arm of Bank of America agreed to settle allegations of...

Published 12 May, 2026 07:56am

Commodities

Gold falls on oil-driven inflation fears as Trump rejects Iran peace proposal

NEW YORK: Gold fell 1percent on Monday, as elevated oil prices stoked worries over inflation and prolonged high...

Published 12 May, 2026 07:15am

Business & Finance

Documentation, taxes and exports: ICAP shares multiple proposals with Aurangzeb

ISLAMABAD: The Institute of Chartered Accountants of Pakistan (ICAP) on Monday presented a range of proposals and...

Published 12 May, 2026 06:57am

Business & Finance

Significant cut in port charges at Gwadar Port

ISLAMABAD: The Ministry of Maritime Affairs on Monday announced a significant reduction in port charges at Gwadar...

Published 12 May, 2026 06:49am

Business & Finance

Customs values of fire alarm systems, parts revised

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has fixed new customs values of fire alarm systems...

Published 12 May, 2026 06:47am

Companies

Dubai Holding unit becomes Emaar’s largest shareholder

DUBAI: Emaar Properties said on Monday that the Investment Corporation of Dubai, the government’s main investment...

Published 12 May, 2026 06:41am

Business & Finance

Nepra to hold public hearing today: KCCI opposes KE’s Rs59bn EOTA claims for FY2017-23

ISLAMABAD: The Karachi Chamber of Commerce and Industry (KCCI) has opposed, in its entirety, K-Electric’s (KE) End...

Published 12 May, 2026 06:31am

Business & Finance

Reverse sub-contracting: FBR resisting relief to NSCL

ISLAMABAD: Federal Board of Revenue (FBR) is reportedly resisting any relief to National Steel Complex Limited...

Published 12 May, 2026 06:29am

Business & Finance

SC dismisses 3 appeals filed by GTH, others against SHC verdict

ISLAMABAD: The Supreme Court dismissed three appeals filed by Greentree Holdings Limited (GTH) and others against a...

Published 12 May, 2026 06:01am

Energy

Oil prices settle higher

HOUSTON: Oil prices settled almost 3 percent higher on Monday after US President Donald Trump said the ceasefire...

Updated 12 May, 2026 08:54am

Energy

World’s ‘largest energy shock’ may affect markets into 2027: Aramco

RIYADH: The Middle East war triggered the world’s largest energy shock with market recovery likely to extend into...

Published 12 May, 2026 06:01am

Business & Finance

NBP receives approval for commercial launch of Raast P2M Acquiring

KARACHI: National Bank of Pakistan (NBP) has received approval for the commercial launch of Raast Person-to-Merchant...

Published 12 May, 2026 06:01am

Business & Finance

‘300 MoUs and over 3 dozens JVs worth USD13bn inked with China in 2 years’

KARACHI: Pakistan’s Ambassador to China, Khalil Hashmi, said that remarkable progress has been made in promoting...

Published 12 May, 2026 06:01am

Business & Finance

FPCCI holds meeting to arrest cotton crop slide

LAHORE: A high-level meeting on reviving Pakistan’s declining cotton crop was held at the Federation of Pakistan...

Published 12 May, 2026 06:01am

Business & Finance

HCSTSI seeks relief for small businesses in budget

HYDERABAD: Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) President Muhammad Saleem Memon, while...

Published 12 May, 2026 06:01am

Business & Finance

All PDs categories: SBP invites applications from FIs

KARACHI: The State Bank of Pakistan (SBP) has invited applications from eligible financial institutions for the...

Published 12 May, 2026 06:01am

Business & Finance

NBP receives approval for commercial launch of Raast P2M Acquiring

KARACHI: National Bank of Pakistan (NBP) has received approval for the commercial launch of Raast Person-to-Merchant...

Published 12 May, 2026 06:01am

Business & Finance

Sustainable transport projects: Country set to secure USD30m concessional ADB loan

ISLAMABAD: Pakistan is moving forward to secure a proposed USD 30 million concessional loan facility from the Asian...

Published 12 May, 2026 06:01am

Business & Finance

Govt expects to collect around Rs51bn under CSL, NA told

ISLAMABAD: The National Assembly was informed on Monday that the government expects to collect around Rs51 billion...

Published 12 May, 2026 06:01am

Money & Banking

Banking customers: Mohtasib provides over Rs1.87bn relief in CY25

KARACHI: The Banking Mohtasib Pakistan (BMP) has provided relief of over Rs 1.87 billion to the banking customers by...

Published 12 May, 2026 06:01am

Business & Finance

Qaiser, Chinese Counsellor discuss avenues under CPEC Phase-II

ISLAMABAD: Federal Minister for Board of Investment (BoI), Qaiser Ahmed Sheikh, on Monday, held an important meeting...

Published 12 May, 2026 06:01am

Business & Finance

SIFC enables takeoff for Jet Green Airline

ISLAMABAD: Pakistan’s aviation sector is poised for revival and renewed momentum as the Special Investment...

Updated 12 May, 2026 09:12am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 7	277.22
USD PKR Interbank Buying / Oct 7	277.02
USD to Japanese Yen / Oct 8	158.13
USD to Swiss Franc / Oct 8	0.83
Pound Sterling to USD / Oct 8	1.32
Euro to USD / Oct 8	1.12
SOFR % / Oct 6	3.90

Stock	Volume
S&P 500 / Oct 7	7,801.77
Nasdaq / Oct 7	27,538.69
Dow Jones / Oct 7	51,179.87
India Sensex / Oct 8	71,954.95
Tokyo Nikkei / Oct 8	69,373.40
Hang Seng / Oct 8	24,012.76
FTSE 100 / Oct 8	10,394.29
Germany DAX 30 / Oct 8	24,857.42
France CAC40 / Oct 8	7,693.67

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 7	18,680
Gold 10 Grams PKR / Oct 7	372,458
Petrol/Litre / Oct 8	396.65
Crude Oil USD/Barrel / Oct 8	90.45
Gold Spot USD/Ounce / Oct 8	4,116.64
Diesel/Litre / Oct 8	394.94
Cotton US¢/pound / Oct 8	80.05

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Oct 8 Dewan Sugar Mills Limited(DWSM)	7.30 ▲ 0.89 (13.88%)
Data Agro / Oct 8 Data Agro Limited(DAAG)	101.81 ▲ 9.26 (10.01%)
Fateh Ind. / Oct 8 Fateh Industries Limited(FIL)	288.38 ▲ 26.22 (10%)
Kohinoor Power / Oct 8 Kohinoor Power Company Limited(KOHP)	21.34 ▲ 1.94 (10%)
MACPAC Films / Oct 8 MACPAC Films Limited(MACFL)	84.60 ▲ 7.69 (10%)
Shadman Cotton / Oct 8 Shadman Cotton Mills Limited(SHCM)	81.50 ▲ 7.41 (10%)
Sindh Modaraba / Oct 8 Sindh Modaraba(SINDM)	45.52 ▲ 4.14 (10%)
Power Cem(Pref) / Oct 8 Power Cement (Pref)(POWERPS)	30.25 ▲ 2.52 (9.09%)
Dadex Eternit / Oct 8 Dadex Eternit Limited(DADX)	190 ▲ 15.09 (8.63%)
Nadeem Tex. / Oct 8 Nadeem Textile Mills Limited(NATM)	72.97 ▲ 5.3 (7.83%)

Stock	Price
D.S. Ind. Ltd. / Oct 8 D.S. Industries Limited(DSIL)	16.43 ▼ -1.83 (-10.02%)
Asim Textile / Oct 8 Asim Textile Mills Limited(ASTM)	73.55 ▼ -8.17 (-10%)
Paramount Mod / Oct 8 First Paramount Modaraba(FPRM)	14.30 ▼ -1.5 (-9.49%)
Mughal Energy / Oct 8 Mughal Energy Limited(GEM)(GEMMEL)	37.25 ▼ -3.84 (-9.35%)
J.K.Spinning / Oct 8 J.K. Spinning Mills Limited(JKSM)	309.30 ▼ -31.68 (-9.29%)
Crescent Fib. / Oct 8 Crescent Fibres Limited(CFL)	54.05 ▼ -4.59 (-7.83%)
Javedan Corp.(Pref) / Oct 8 Javedan Corp.(Pref)(JVDCPS)	48.55 ▼ -4.05 (-7.7%)
Clover Pakistan / Oct 8 Clover Pakistan Limited(CLOV)	6.12 ▼ -0.46 (-6.99%)
Sally Textile / Oct 8 Sally Textile Mills Limited(SLYT)	15.40 ▼ -1.1 (-6.67%)
LSE Financial Serv. / Oct 8 LSE Financial Services Limited(LSEFSL)	3.23 ▼ -0.21 (-6.1%)

Stock	Volume
K-Electric Ltd. / Oct 8 K-Electric Limited(KEL)	21,695,398 ▼ -0.02
Waves Home Appliances / Oct 8 Waves Home Appliances Limited(WAVESAPP)	14,211,791 ▼ -0.02
Trust Sec.& Brok. / Oct 8 Trust Securities & Brokerage Limited(TSBL)	12,322,380 ▲ 0.13
Cnergyico PK / Oct 8 Cnergyico PK Limited(CNERGY)	12,315,110 ▼ -0.13
Pak Int.Bulk / Oct 8 Pakistan International Bulk Terminal(PIBTL)	11,903,631 ▲ 0.2
WorldCall Telecom / Oct 8 Worldcall Telecom Limited(WTL)	11,771,261 ▲ 0
Pak Refinery / Oct 8 Pakistan Refinery Limited(PRL)	9,306,320 ▼ -1.18
Treet Corp / Oct 8 Treet Corporation Limited(TREET)	9,015,663 ▼ -0.59
Fauji Cement / Oct 8 Fauji Cement Company Limited(FCCL)	8,093,290 ▲ 0.08
Tasdeeq Info. Serv. / Oct 8 Tasdeeq Information Services Limited(TISL)	7,659,459 ▼ -0.09

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