News Archives for Business & Finance - 2026-05-15

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Business & Finance - 2026-05-15

Business & Finance

Pakistan govt cuts petrol, diesel prices by Rs5 per litre each

Petrol and diesel prices are down by Rs5 per litre, effective May 16, 2026

Updated 16 May, 2026 12:18am

Companies

Why India's Tata Sons is facing pressure to list

MUMBAI: Tata Sons, the holding company of 31 group companies including TCS, Tata Motors and Tata Steel, is facing...

Published 15 May, 2026 10:20pm

Europe

India's free trade deal with Britain hits steel hurdle before rollout

NEW DELHI: India’s free trade deal with Britain, initially expected to be implemented by May, has hit an expected...

Published 15 May, 2026 10:19pm

Business & Finance

Govt approves transaction structure for privatisation of IESCO, GEPCO, and FESCO

Pakistan's Cabinet Committee approves privatizing IESCO, GEPCO, and FESCO, selling 51-100% shares to boost efficiency and ensure reliable electricity supply.

Published 15 May, 2026 10:12pm

Business & Finance

ADB, AIIB support first Panda Bond issuance for green projects in Pakistan

Bond sets significant precedent for using partial credit guarantees to mobilise private sector capital for emerging markets, ADB says

Published 15 May, 2026 09:55pm

Markets

Pakistan govt notifies prices for 35 new life-saving medicines

Medicines include treatments for cancer, heart disease, and typhoid

Published 15 May, 2026 07:56pm

Markets

SBP launches nationwide ‘Go Cashless’ campaign for Eidul Adha cattle markets

The SBP's 'Go Cashless' campaign for Eidul Azha 2026 promotes secure digital payments in cattle markets, now covering 96 locations to enhance convenience and reduce cash risks.

Published 15 May, 2026 07:50pm

Asia

Trump says did not discuss tariffs during summit with Xi

ABOARD AIR FORCE ONE: US President Donald Trump said Friday he did not bring up the issue of tariffs during a...

Published 15 May, 2026 07:01pm

South Asia

US set to drop criminal fraud case against India’s Gautam Adani, sources say, as deal reached in civil case

Indian billionaire has promised to invest $10bn in US economy

Published 15 May, 2026 06:18pm

Companies

Thandiani’s 400 kanals set to rewrite Pakistan’s tourism landscape

Pakistan's first four-season mountain destination takes shape under a Public-Private Partnership (PPP) between Galiyat Development Authority (GDA) and the Above Zero Consortium

Published 15 May, 2026 05:07pm

Exchange

Rupee inches up against US dollar

Settles at 278.61 against greenback

Updated 15 May, 2026 07:21pm

South Asia

India's trade gap widens as crude imports surge due to Mideast war

India ships in more than 80% of its crude needs and 60% of cooking gas

Published 15 May, 2026 03:47pm

Markets

Aurangzeb hails Pakistan’s inaugural Panda Bond as ‘new chapter’ in economic ties with China

Pakistan, the first South Asian nation to issue a Sustainable Panda Bond in China, achieved an oversubscribed debut

Published 15 May, 2026 03:46pm

Commodities

Gold price drops by Rs15,500 per tola in Pakistan

International rate of gold declines by $155 to reach $4,545 per ounce

Published 15 May, 2026 03:22pm

Stocks

European shares tumble on Iran war-linked inflation woes

Pan-European STOXX 600 was down 1.4% at 607.70 points

Published 15 May, 2026 02:46pm

Companies

India's Ola Electric to invest $208.5 million in EV, cell tech units

The investment is expected to be completed by May 14, 2027

Published 15 May, 2026 02:43pm

South Asia

India's trade deficit widens to $28.38 billion in April as imports outpace exports

India’s merchandise exports rose to $43.56 billion from $38.92 billion in March

Published 15 May, 2026 02:33pm

Business & Finance

Pakistan-born franchisee teams up with Irth Capital in buyout bid for Papa John's International

Nadeem Bajwa will make a "significant investment" in the buyout process

Updated 15 May, 2026 09:37pm

Business & Finance

Faysal Bank re-appoints Yousaf Hussain as President, CEO

Yousaf Hussain secures another three-year term, continuing his leadership effective August 15, 2026

Published 15 May, 2026 01:14pm

Commodities

Asia gold: India discounts soar to record high on import duty hike; China premiums firm

Dealers in India quoted discounts of up to $207 an ounce over official domestic prices this week

Published 15 May, 2026 01:02pm

Financial

BOJ warns of financial system risks from investment fund activity

Private equity funds have increasingly facilitated business restructuring and mergers and acquisitions in Japan

Published 15 May, 2026 12:54pm

Commodities

Gold slips to one-week low as oil-driven rate fears lift US yields

Spot gold extended losses for a fourth consecutive session, and was down 1.5% at $4,579.19 per ounce

Published 15 May, 2026 12:45pm

Commodities

Japan rubber futures extend losses, high spot prices squeeze margins

OSE rubber contract for October delivery was down 5.7 yen, or 1.36%, at 413.2 yen per kg

Published 15 May, 2026 12:41pm

Forex

Dollar rides rising US yields to largest weekly gain in two months

It was last 0.16% lower at 158.60 per dollar

Published 15 May, 2026 12:37pm

Forex

Indian rupee hits record low past 96/USD as oil surge fans economic worries

Indian rupee fell 0.4% to 96.1350 per U.S. dollar

Updated 15 May, 2026 03:42pm

Stocks

Indian shares log weekly losses hurt by oil surge, IT decline

Nifty 50 fell 0.19% to 23,643.50 and the Sensex shed 0.21% to 75,237.99

Updated 15 May, 2026 03:40pm

Stocks

JLR parent Tata Motors PV soars as cost cuts, premium push ease margin worries

JLR focusing on cost cuts and premium launches to protect margins

Published 15 May, 2026 12:26pm

Stocks

Australian shares flat as housing-tax changes, global risks cap volatile week

S&P/ASX 200 slipped 0.1% to 8,630.8

Published 15 May, 2026 12:23pm

Stocks

Japan's Nikkei slumps to weekly loss on tech share profit-taking

Nikkei dropped 2%, or about 1,245 index points

Published 15 May, 2026 12:21pm

Stocks

China stocks slide as Trump-Xi summit offers little to excite investors

China’s blue-chip CSI300 Index and the Shanghai Composite Index fell over 1% as a risk-off mood set in global markets

Published 15 May, 2026 12:19pm

Business & Finance

PM meets Chinese delegation, highlights growing Pakistan–China digital economy ties

Establishment of IBI's Digital Economy Headquarters in Pakistan would provide massive opportunities for small and medium-sized enterprises

Published 15 May, 2026 12:02pm

South Asia

India raises retail fuel prices for first time since Iran war started

Diesel in Delhi will cost 90.67 Indian rupees a litre and petrol 97.77 Indian rupees

Published 15 May, 2026 11:16am

Energy

Pak Suzuki sets up biogas plant & solar power facilities in Karachi

Pak Suzuki powers its plant with a new biogas facility and 920kW solar system

Published 15 May, 2026 10:55am

Energy

Oil prices rise more than 3% amid fears of renewed US-Iran combat

HOUSTON: Oil prices gained more than 3% on Friday, climbing over $3 a barrel after comments from U.S. President...

Updated 15 May, 2026 10:30pm

Stocks

KSE-100 Index slides 3.23% WoW as US-Iran talks remain deadlocked

Benchmark index loses over 900 points on Friday

Updated 15 May, 2026 06:47pm

Companies

P&G to sell Port Qasim manufacturing assets to Colgate-Palmolive

Colgate-Palmolive is acquiring Procter & Gamble's manufacturing facility at Port Qasim, Karachi, signalling a major market shift

Published 15 May, 2026 09:44am

Pakistan

ADB to finance USD239.13m in KP agri project

PESHAWAR: Asian Development Bank (ADP) will finance USD239.13million in Khyber Pakhtunkhwa Resilient Irrigated...

Published 15 May, 2026 07:56am

Pakistan

All sectors: Ahsan for empowering women through equal opportunities

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that empowering women...

Published 15 May, 2026 07:53am

Interest Rates

Hybrid tax incentives spark auto industry concerns

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers has expressed concern over a...

Published 15 May, 2026 07:52am

Companies

JazzCash processing Rs16.8trn in Gross Transaction Value in 12 months

ISLAMABAD: JazzCash has crossed 60 million registered customers, processing Rs 16.8 trillion (approximately USD 59.7...

Published 15 May, 2026 07:46am

Industry

Minister urged to unlock full export potential of leather industry

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan, on Thursday held a detailed consultative meeting with...

Published 15 May, 2026 07:44am

Companies

NFL exports soar to Rs4.7bn

KARACHI: Operational excellence and innovation have helped National Foods Limited expand its global footprint, with...

Published 15 May, 2026 07:43am

Industry

Regional situation creates trade opportunities for Karachi: Vietnam envoy

KARACHI: Ambassador of Vietnam to Pakistan Pham Anh Tuan has said that evolving geopolitical and trade dynamics in...

Published 15 May, 2026 07:42am

Pakistan

PM forms task force to develop national waste-to-energy policy

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday approved the formation of a task force to develop a national...

Published 15 May, 2026 07:11am

Business & Finance

IT exports likely to surpass USD4.5bn mark: minister

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja said Pakistan’s IT...

Published 15 May, 2026 07:09am

Pakistan

BD delegation visits PIEDMC

LAHORE: A high-level delegation of senior government officials from Bangladesh visited the Punjab Industrial Estates...

Published 15 May, 2026 07:04am

World

IMF sees risks to global growth forecast over sustained Iran war

WASHINGTON: The International Monetary Fund warned on Thursday that continuing disruptions due to the Iran war meant...

Published 15 May, 2026 06:03am

Business & Finance

Efforts under way to rid economy of loss-making SOEs: advisor to PM

ISLAMABAD: Advisor to the Prime Minister on Privatisation Muhammad Ali said the government is trying its level best...

Published 15 May, 2026 06:03am

Business & Finance

India asks US for Russian oil waiver extension

NEW DELHI: India has asked the US to extend its waiver on Russian oil, Bloomberg News reported on Thursday, citing...

Updated 15 May, 2026 08:20am

Business & Finance

Non-duty-paid cigarettes, illegal trade networks: FBR, provinces intensify operations

KARACHI: The Federal Board of Revenue and provincial authorities have intensified nationwide operations against...

Published 15 May, 2026 06:03am

Business & Finance

Qatar hailed for providing LNG cargoes at critical time

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik on Thursday held a meeting with the Ambassador of the...

Updated 15 May, 2026 09:15am

Pakistan

NA panel recommends FIs Amendment Act: Foreclosure and recovery framework being streamlined

ISLAMABAD: The Standing Committee on Finance and Revenue on Thursday recommended the Financial Institutions...

Published 15 May, 2026 06:03am

Business & Finance

Key global markets: Pakistan among top 10 exporters of TBR tyres

ISLAMABAD: Pakistan has emerged among the top 10 exporters of Truck and Bus Radial (TBR) tyres to key global markets...

Updated 15 May, 2026 09:13am

Business & Finance

Berlin pushes for deeper energy ties

ISLAMABAD: Germany has urged Pakistan to explore avenues for enhancing the effectiveness of the existing climate...

Published 15 May, 2026 06:03am

Pakistan

PITB job portal crosses 1.7m registrations

LAHORE: Pakistan’s digital employment sector has hit a historic milestone as registrations on the Punjab Job Centre...

Published 15 May, 2026 06:03am

Pakistan

Punjab seeks proposals for viable energy projects

LAHORE: The Punjab government has directed the provincial energy department and energy companies to submit proposals...

Published 15 May, 2026 06:03am

Business & Finance

Banking consumers: Fake APK files pose growing threat of financial frauds

KARACHI: Fake Android Package Kit (APK) files have emerged as a growing cyber threat to banking consumers in...

Published 15 May, 2026 06:03am

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	163.74
USD to Swiss Franc / Jul 27	0.82
Pound Sterling to USD / Jul 27	1.33
Euro to USD / Jul 27	1.14
SOFR % / Jul 27	3.64

Stock	Volume
S&P 500 / Jul 27	7,413.18
India Sensex / Jul 27	76,835.78
Nasdaq / Jul 27	24,932.08
FTSE 100 / Jul 27	10,781.75
Dow Jones / Jul 27	52,210.08
Germany DAX 30 / Jul 27	25,361.03
France CAC40 / Jul 27	8,406.06
Tokyo Nikkei / Jul 28	62,078.15
Hang Seng / Jul 28	25,254.48

Item	Value
Crude Oil USD/Barrel / Jul 27	81.74
Karachi Cotton PKR/37.32 KG / Jul 27	18,480
Gold 10 Grams PKR / Jul 27	370,144
Gold Spot USD/Ounce / Jul 27	4,051
Cotton US¢/pound / Jul 27	80.38
Petrol/Litre / Jul 28	334.18
Diesel/Litre / Jul 28	386.83

Gainers
Losers
Leaders

Stock	Price
Azgard Nine (Non-Voti) / Jul 28 Azgard Nine (Non-Voti)(ANLNV)	9 ▲ 0.99 (12.36%)
Khalid Siraj / Jul 28 Khalid Siraj Textile Mills Limited(KSTM)	14.80 ▲ 1.35 (10.04%)
First Tri-Star Mod. / Jul 28 First Tri-Star Modaraba(FTSM)	37.96 ▲ 3.45 (10%)
Ellcot Spinning / Jul 28 Ellcot Spinning Mills Limited(ELSM)	146.72 ▲ 13.34 (10%)
Aisha Steel(ConPS) / Jul 28 Aisha Steel(ConPS)(ASLPS)	29.27 ▲ 2.66 (10%)
Asim Textile / Jul 28 Asim Textile Mills Limited(ASTM)	28.84 ▲ 2.62 (9.99%)
Dadabhoy Cement / Jul 28 Dadabhoy Cement Industries Limited(DBCI)	22.90 ▲ 2.08 (9.99%)
Oilboy Energy / Jul 28 Oilboy Energy Limited(OBOY)	18.38 ▲ 1.67 (9.99%)
National Silk / Jul 28 The National Silk & Rayon Mills Limited(NSRM)	304 ▲ 27.55 (9.97%)
Premier Sugar / Jul 28 The Premier Sugar Mills(PMRS)	550 ▲ 44.21 (8.74%)

Stock	Price
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%)
Nets Internat.Comm. / Jul 28 Nets International Communication Limited(GEMNETS)	23.50 ▼ -2.5 (-9.62%)
Frontier Ceramics / Jul 28 Frontier Ceramics Limited(FRCL)	96.01 ▼ -8.19 (-7.86%)
Husein Industries / Jul 28 Husein Industries Limited(HUSI)	52.26 ▼ -4.12 (-7.31%)
Asia Ins. / Jul 28 Asia Insurance Company Limited(ASIC)	46.01 ▼ -3.45 (-6.98%)
JS Investments / Jul 28 JS Investments Limited(JSIL)	42.65 ▼ -3.02 (-6.61%)
Pak. P.V.C. / Jul 28 Pakistan PVC Limited(PPVC)	26 ▼ -1.83 (-6.58%)
Shahzad Tex. / Jul 28 Shahzad Textile Mills Limited(SZTM)	92.25 ▼ -4.64 (-4.79%)
Shams Textile / Jul 28 Shams Textile Mills Limited(STML)	50.56 ▼ -2.48 (-4.68%)

Stock	Volume
WorldCall Telecom / Jul 28 Worldcall Telecom Limited(WTL)	39,442,311 ▼ -0.02
Cnergyico PK / Jul 28 Cnergyico PK Limited(CNERGY)	38,125,305 ▲ 0.43
Trust Sec.& Brok. / Jul 28 Trust Securities & Brokerage Limited(TSBL)	9,760,097 ▼ -0.1
Maple Leaf Cement / Jul 28 Maple Leaf Cement Factory Limited(MLCF)	5,911,571 ▲ 0.19
Pak Refinery / Jul 28 Pakistan Refinery Limited(PRL)	5,692,611 ▲ 3.04
Oilboy Energy / Jul 28 Oilboy Energy Limited(OBOY)	5,609,802 ▲ 1.67
Waves Corporation / Jul 28 Waves Corporation Limited(WAVES)	4,284,986 ▼ -0.09
K-Electric Ltd. / Jul 28 K-Electric Limited(KEL)	4,284,843 ▲ 0.05
TPL Corp Ltd / Jul 28 TPL Corp Limited(TPL)	3,418,625 ▲ 0.39
Nishat Mills Ltd / Jul 28 Nishat Mills Limited(NML)	2,848,408 ▲ 3.93

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