News Archives for Business & Finance - 2026-05-22

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Business & Finance - 2026-05-22

Markets

India battles power cuts as heatwave boosts electricity demand to record

India needs to urgently fast-track commissioning of battery storage to make use of surplus solar energy at night

Published 22 May, 2026 09:14pm

Markets

India's Hindalco misses profit estimates as Novelis disruptions weigh

India’s Hindalco Industries posted a surprise profit drop for the second straight quarter on Friday, missing...

Published 22 May, 2026 09:10pm

World

India needs to monitor Iran war impact, RBI report says

Financial conditions, crude oil prices and capital flows continue to pose challenges to external sector outlook

Published 22 May, 2026 09:06pm

Stocks

Wall St rises, Dow hits record high with U.S.-Iran talks in focus

Dow Jones Industrial Average rose 315.07 points, or 0.63%, to 50,600.73

Published 22 May, 2026 07:14pm

Commodities

Gold price per tola remains unchanged in Pakistan

International rate of gold remains at $4,530 per ounce

Published 22 May, 2026 06:26pm

Stocks

IT, financials boost Indian shares to weekly gains

Nifty 50 rose 0.27% to 23,719.3 while the BSE Sensex gained 0.31% to 75,415.35

Published 22 May, 2026 06:07pm

Financial

India bond gains capped by smaller than expected RBI dividend

Benchmark 6.48% 2035 bond yield settled at 7.0917%

Published 22 May, 2026 06:03pm

Markets

India's central bank sold net $9.8 billion in March as Iran war battered Indian rupee, bulletin shows

RBI’s net outstanding forward dollar sales stood at $103.06 billion as of end-March

Published 22 May, 2026 06:00pm

Stocks

UAE equities gain as oil rallies on US-Iran uncertainty

Dubai’s main market rose 0.6%

Published 22 May, 2026 05:56pm

Stocks

Sri Lankan shares rise as utilities, real estate stocks gain

CSE All-Share index settled up 0.43% at 21,929.64

Published 22 May, 2026 05:53pm

Commodities

Copper buoyed by falling LME stocks

Three-month copper on the London Metal Exchange was up 1.0% at $13,642 a metric ton

Published 22 May, 2026 04:38pm

Commodities

Palm oil closes higher, snap 3 weeks of losses

Dalian’s most-active soyoil contract fell 0.85%

Published 22 May, 2026 04:35pm

Forex

Indian Central bank helping hand muscles breathing room for Indian rupee, cools forward premiums

Indian rupee closed at 95.69 per dollar

Published 22 May, 2026 04:31pm

Companies

India steel ministry pushes to end metallurgical coke tariffs, document shows

India imposed a provisional anti-dumping duty on imports of low-ash metallurgical coke

Published 22 May, 2026 04:27pm

Money & Banking

India's central bank approves 2.87 trillion Indian rupee surplus transfer to government

Surplus transfer is higher than last year’s record 2.69 trillion Indian rupees

Published 22 May, 2026 04:21pm

Exchange

Rupee gains ground against US dollar

Settles at 278.52

Updated 22 May, 2026 08:17pm

Business & Finance

SHC bars adverse action against Security Leasing Corporation

Security Leasing Corporation Limited (SLCL) announced on Friday that the Sindh High Court had restrained all...

Published 22 May, 2026 02:19pm

Stocks

European shares hit over two-week highs on signs of progress in US-Iran talks

The pan-European STOXX 600 climbed 0.6% to 624.50 points

Published 22 May, 2026 01:43pm

Forex

Thai baht/US dollar weaker on Friday

The baht was 0.15% lower at 32.65 versus the dollar, after trading in a range of 32.595 to 32.660

Published 22 May, 2026 12:15pm

Business & Finance

Government assures full support to investors, businesses

Federal Minister for Petroleum Ali Pervaiz Malik meets President Lahore Chamber of Commerce and Industry

Published 22 May, 2026 11:40am

Mutual Funds

India bonds seen choppy as market eyes debt sale amid rate hike fears; RBI dividend to support

The benchmark 6.48% 2035 bond yield is expected to move in the 7.07%-7.14% range

Published 22 May, 2026 11:39am

Technology

Lucky Motors Corporation brings China’s GAC Motor EVs to Pakistan

Unveils four new AION and HYPTEC EV models

Published 22 May, 2026 11:35am

Stocks

Australia shares extend gains on Middle East peace hopes

The S&P/ASX 200 index rose 0.5% to 8,666.10

Published 22 May, 2026 11:30am

Forex

Australia, NZ dollars slip on mixed signals over Gulf peace deal

The kiwi was 0.05% lower to $0.5871 after edging up 0.1% overnight to as high as $0.5887

Published 22 May, 2026 11:27am

Commodities

Iron ore set for second weekly loss on higher supply, concerns over demand

The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) nudged 0.06% lower to 792.5 yuan ($116.53) a metric ton, and were 2.4% down so far this week

Published 22 May, 2026 11:24am

Stocks

Japan AI shares follow US peers higher, driving Nikkei toward record high

The Nikkei climbed 2.4% to 63,127.44 late in the morning session, putting it within spitting distance of the high of 63,799.32 from May 14

Published 22 May, 2026 11:22am

Forex

China's yuan weakens slightly against dollar as US-Iran talk in focus

Prior to the market open, China’s central bank set the guidance rate at 6.8373 per dollar

Published 22 May, 2026 11:15am

Commodities

Copper heads for broadly steady week as Iran headlines keep traders cautious

Three-month copper on the London Metal Exchange rose 0.61% to $13,598.50 a metric ton

Published 22 May, 2026 11:12am

Stocks

Pakistan’s Mecom Gas Pvt Ltd eyes $20mn IPO to build LPG storage: report

Mecom Gas Pvt Ltd, a Pakistani Liquefied Petroleum Gas (LPG) marketing and distribution company, is considering an...

Published 22 May, 2026 11:08am

Commodities

Chicago corn falls on favourable US weather, strong exports limit losses

Wheat fell, while soybeans were flat

Published 22 May, 2026 11:08am

Business & Finance

SBP to remain closed on Eid-ul-Azha

State Bank of Pakistan's holiday schedule

Published 22 May, 2026 11:06am

Markets

Lenovo Q4 revenue tops estimates on strong PC sales; shares jump 15%

Lenovo shares surged 15% on Friday and were the biggest percentage gainer in the Hang Seng Index

Published 22 May, 2026 10:46am

Mutual Funds

Japanese bonds mixed as traders weigh Iran war outlook, BOJ policy path

The 30-year JGB yield fell 2 basis points to 4% on Friday, and the 40-year yield sank 3 bps to 4.21%

Published 22 May, 2026 10:42am

Stocks

China stocks rebound but set for second week of losses; Hong Kong shares up

China’s blue-chip CSI300 Index climbed 0.7% by the lunch break

Published 22 May, 2026 10:35am

Forex

Indonesia's rupiah trades near record low, commodity policy fears hammer Jakarta stocks

The rupiah weakened 0.4% to 17,665 per dollar

Published 22 May, 2026 10:27am

Stocks

Volatility at PSX amid geopolitical roller coaster, KSE-100 down nearly 700 points

Benchmark index settles at 167,844.24

Updated 22 May, 2026 09:08pm

Stocks

Indian shares set for muted start as focus remains on US-Iran talks

GIFT Nifty futures were at 23,651

Published 22 May, 2026 08:51am

Forex

Indian rupee RBI-spurred relief rally to fade on Asia FX weakness, hedging

The Indian rupee had ⁠declined 2.5% over the previous nine days and was at risk of slipping to 97 for the first time before the intervention.

Published 22 May, 2026 08:47am

Stocks

Stocks rise, dollar at six-week high as focus remains on US-Iran talks

In stock markets, MSCI's broadest index of Asia-Pacific shares outside Japanwas 0.3% higher, set for a modest weekly rise. Japan's Nikkei gained 2%

Published 22 May, 2026 08:43am

Markets

Gold set for weekly loss on stronger dollar, rate-hike bets

Spot gold was down 0.4% at $4,522.89 per ounce

Published 22 May, 2026 08:40am

Forex

Dollar perched near six-week high on uncertainty over US-Iran deal

The dollar was a touch higher and stood at 99.24 against a basket of currencies , not far from its peak of 99.515 hit in the previous session, its highest since April 7

Published 22 May, 2026 08:35am

Energy

Oil prices rise as investors doubt breakthrough in US-Iran peace talks

Brent crude futures were up 92 cents, or around 1%, at $105.88 a barrel

Updated 22 May, 2026 06:14pm

Industry

Chinese pharmaceutical investment: Pakistan emerging as fifth largest medical making hub

LAHORE: Adeel Munawar, Commercial Ambassador Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) and...

Published 22 May, 2026 07:38am

Business & Finance

Pakistan seafood exports surpass historic USD500m milestone

KARACHI: Asim Abrar, CEO of Seagreen Enterprises and Chairman of the Korangi Fisheries Harbor Authority under the...

Published 22 May, 2026 07:35am

Energy

PPL signs PSAs, licences for eight offshore exploration blocks

KARACHI: Pakistan Petroleum Limited (PPL) has signed Production Sharing Agreements (PSAs) and exploration licences...

Published 22 May, 2026 07:25am

Pakistan

RLNG consumers may face significantly inflated gas bills

ISLAMABAD: Domestic RLNG consumers may face significantly inflated gas bills this month following a sharp increase...

Published 22 May, 2026 07:23am

Industry

UBG greets govt on induction into WCO policy commission

KARACHI: President of the United Business Group (UBG), M Zubair Tufail, has termed Pakistan’s success in securing a...

Published 22 May, 2026 07:18am

Business & Finance

Pakistan secures seat on WCO policy commission

KARACHI: Pakistan has secured a landmark victory in international trade governance, winning a seat on the World...

Published 22 May, 2026 07:05am

Pakistan

‘Pakistan, China now prioritising second phase of CPEC’

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Ishaq Dar said that Pakistan and China are now...

Published 22 May, 2026 06:58am

Business & Finance

Illegal tobacco industry: ‘Firm, action against tax evasion must for protecting revenue base’

ISLAMABAD: Mubashir Akram, Country Director, ACT Alliance Pakistan, has appreciated the Government of Pakistan,...

Published 22 May, 2026 06:55am

Business & Finance

Packaged milk, iron and steel, oil and ghee: FBR to electronically monitor processes from factories

ISLAMABD: The Federal Board of Revenue (FBR) has decided to electronically monitor manufacturing, production and...

Published 22 May, 2026 06:53am

Business & Finance

ECAP Chairman praises improvement in forex reserves

KARACHI: Chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan, has said that the...

Published 22 May, 2026 06:50am

Industry

Commercial & industrial imports: Major trade bodies demand end to tax disparity

KARACHI: Commercial importers have called on the federal government to end the tax gap between commercial and...

Published 22 May, 2026 06:41am

Energy

OGDC secures eight offshore blocks

ISLAMABAD: Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company,...

Published 22 May, 2026 06:37am

Pakistan

FBR makes registration documents mandatory for INGOs

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for the International Non-Government...

Published 22 May, 2026 06:35am

Companies

Airbus, Air France found guilty of manslaughter over 2009 Atlantic crash

PARIS: Paris’ appeals court Thursday found Air France and Airbus guilty of involuntary manslaughter over the 2009...

Published 22 May, 2026 06:05am

Business & Finance

Dubai launches second economic incentives package worth USD408m

DUBAI: Dubai will provide economic incentives worth more than USD400 million, authorities said Thursday, as...

Published 22 May, 2026 06:05am

Business & Finance

Govt, chambers discuss business reforms under SIFC

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Faheem-ur-Rehman Saigol has said that the...

Published 22 May, 2026 06:05am

Business & Finance

CM highlights importance of ties with China

LAHORE: Terming the China-Pakistan Economic Corridor (CPEC) as a clear manifestation of economic cooperation and...

Published 22 May, 2026 06:05am

Business & Finance

Punjab records over 22m metric tonnes of wheat reserves

LAHORE: The Punjab currently possessed abundant wheat reserves, with this year’s production surpassing 22 million...

Published 22 May, 2026 06:05am

Business & Finance

Pak-Qatar Business Council eyes investment opportunities

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has said that...

Published 22 May, 2026 06:05am

Companies

Millat Tractors to export tractors to Nigeria, Mexico

LAHORE: Millat Tractors Limited Chairman Sikandar Mustafa Khan has said that his group will start exporting tractors...

Published 22 May, 2026 06:05am

Companies

MG Motor Pakistan unveils MG4 EV Urban in Pakistan

LAHORE: MG Motor Pakistan has officially unveiled the all-new MG4 EV Urban, introducing a modern electric hatchback...

Published 22 May, 2026 06:05am

Business & Finance

Pakistan-China Diplomatic Ties: SBP to issue Rs75 commemorative coin marking 75 years

KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced the issuance of a Rs75 commemorative coin to mark...

Published 22 May, 2026 06:05am

Money & Banking

NBP secures 7 Best Practice Awards at GDEIB Awards 2026

KARACHI: National Bank of Pakistan (NBP) has secured 7 Best Practice Awards at the Global Diversity, Equity and...

Published 22 May, 2026 06:05am

Business & Finance

PSW, Pak EXIM ink MoU to enhance data-driven trade finance

ISLAMABAD: Pakistan Single Window (PSW) and Export-Import Bank of Pakistan (Pak EXIM) have signed a Memorandum of...

Published 22 May, 2026 06:05am

Business & Finance

Order passed by commissioner under Sec 111 of IT Ord: ATIR makes major ruling

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR), in a significant ruling, has held that an order passed by...

Published 22 May, 2026 06:05am

Companies

Sitara Petroleum becomes 10th IPO of 2026 at PSX

KARACHI: Sitara Petroleum Service Limited (SPSL) on Thursday formally joined the Pakistan Stock Exchange (PSX) after...

Published 22 May, 2026 06:05am

Business & Finance

Financial compliance rules: 4-month waiver granted on mango exports to Iran, C Asia

KARACHI: The Ministry of Commerce has granted a four-month exemption from the financial instrument requirement for...

Published 22 May, 2026 06:05am

Pakistan

Private petroleum company: FCC suspends SHC’s order regarding subsidy payment within a week

ISLAMABAD: The Federal Constitutional Court suspended a Sindh High Court (SHC) order regarding the payment billions...

Published 22 May, 2026 06:05am

Business & Finance

APTMA says concerned at govt’s failure to implement cotton revival plan

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has expressed serious concern over the government’s...

Published 22 May, 2026 06:05am

Business & Finance

IGCEP breaches constitutional provisions: KP

ISLAMABAD: Khyber Pakhtunkhwa government has strongly opposed the Indicative Generation Capacity Expansion Plan...

Published 22 May, 2026 06:05am

Business & Finance

Bhasha, Tarbela projects: Minister concerned at manifold increase in projects’ costs

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal expressed serious concern...

Published 22 May, 2026 06:05am

Energy

Oil market could hit ‘red zone’ in July-August: IEA

LONDON: The start of peak summer fuel demand combined with the lack of new oil exports from the Middle East and...

Updated 22 May, 2026 06:38am

Business & Finance

Forex reserves jump to USD22.59bn

KARACHI: Pakistan’s total liquid foreign exchange reserves rose sharply to USD 22.5885 billion during the week ended...

Published 22 May, 2026 06:05am

Energy

Oil prices whipsaw on prospects for US-Iran deal

NEW YORK: Oil prices whipsawed in a volatile trading session on Thursday, trading lower on uncertain prospects for a...

Published 22 May, 2026 06:05am

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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