News Archives for Business & Finance - 2026-05-23

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Business & Finance - 2026-05-23

Money & Banking

Bangladesh central bank unveils $4.9 billion in stimulus as growth slows

DHAKA: Bangladesh’s central bank on Saturday announced a 600 billion taka ($5 billion) stimulus package to revive...

Published 23 May, 2026 11:27pm

Markets

Pakistan witnessing bottom-up solar revolution, says report

The role of renewables in Pakistan’s fuel mix has shifted from negligible to substantial over just a few years, but...

Published 23 May, 2026 11:24pm

Companies

Nvidia says its forecast for $200 billion CPU market includes China

TAIPEI: Nvidia CEO Jensen Huang said on Saturday that his forecast of a $200 billion market for CPUs includes China,...

Published 23 May, 2026 08:05pm

Commodities

Gold price drops by Rs2,200 per tola in Pakistan

International rate of gold declines by $22 to reach $4,508 per ounce

Published 23 May, 2026 02:13pm

South Asia

Indian retailers raise fuel prices for a third time amid Iran war

Petrol in New Delhi costs 0.87 rupees (just under 1 US cent) more at 99.51 Indian rupees a litre

Published 23 May, 2026 11:09am

Business & Finance

PM tells Qatar’s Taameer Group: Steps taken to remove barriers to business under SIFC

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday that Pakistan is taking steps to attract foreign investment...

Published 23 May, 2026 05:43am

Business & Finance

PBF delegation meeting at MNFSR: Rana Tanveer reaffirms commitment to supporting agri & cotton sectors

KARACHI: A delegation of the Pakistan Business Forum (PBF) called upon Federal Minister Rana Tanveer Hussain at the...

Published 23 May, 2026 05:43am

Pakistan

Rs93.75bn revenue achieved up to May 13: Railways striving to reach Rs122bn target by end-FY26: Abbasi

ISLAMABAD: Federal Minister for Railways Hanif Abbasi on Friday said that Pakistan Railways has achieved a revenue...

Published 23 May, 2026 05:43am

Business & Finance

IPO Pakistan to go fully digital in six months

LAHORE: Director General of the Intellectual Property Organization (IPO) Pakistan, Nauman Aslam Sheikh, said that...

Published 23 May, 2026 05:43am

Companies

inDrive launches ‘Aurora Ventures’

KARACHI: inDrive has announced the launch of Aurora Ventures, a new early-stage investment program designed to...

Published 23 May, 2026 05:43am

Business & Finance

FPCCI demands restoration of FTR for exporters

KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has...

Published 23 May, 2026 05:43am

Business & Finance

Azerbaijan ready to invest in Punjab clean energy projects: minister

LAHORE: Azerbaijan has expressed strong interest in mutual cooperation and investment in Punjab’s waste-to-energy,...

Published 23 May, 2026 05:43am

Business & Finance

ST registration of KE restored

ISLAMABAD: The Federal Board of Revenue (FBR) has restored the sales tax registration of K-Electric on Friday. The...

Updated 23 May, 2026 09:24am

Business & Finance

Customs values on Chinese artificial jewellery revised

ISLAMABAD: The Directorate General of Customs Valuation Karachi has fixed new customs values on the import of...

Published 23 May, 2026 05:43am

Energy

Oil prices settle higher

HOUSTON: Oil prices climbed on Friday, as investors worried that the US and Iran would be unable to reach a peace...

Published 23 May, 2026 05:43am

Business & Finance

Weekly SPI inflation down 0.33pc

ISLAMABAD: Sensitive Price Index-based inflation fell by 0.33 percent during the week ending May 21, 2026, largely...

Updated 23 May, 2026 06:46am

Money & Banking

Bank holidays

KARACHI: The State Bank of Pakistan (SBP) and all banks will remain closed from 26th to 28th May, 2026 (Tuesday to...

Published 23 May, 2026 05:43am

Business & Finance

Govt tax collection: bank branches to stay open today, tomorrow: SBP

KARACHI: The State Bank of Pakistan (SBP) has announced opening of bank branches for collection of government...

Updated 23 May, 2026 09:32am

Companies

Lucky Motors partners with China’s GAC as it bets fuel shock will drive EV switch

KARACHI: Lucky Motors is betting fuel-price shocks and rooftop solar adoption will speed up electric vehicle demand,...

Updated 23 May, 2026 06:05am

Business & Finance

Import values of branded fruit juices, beverages revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has revised customs values on the import of branded...

Published 23 May, 2026 05:43am

Money & Banking

ABHI MFB to establish super agent network across country

KARACHI: ABHI Microfinance Bank Ltd. (ABHI MFB) has entered into a strategic partnership with CBA, a powerhouse...

Published 23 May, 2026 05:43am

Pakistan

National wheat policy has been finalised, NA told

ISLAMABAD: The National Assembly was informed on Friday that the National Wheat Policy 2026-30 has been finalised in...

Published 23 May, 2026 05:43am

Business & Finance

‘SECP Talk Series’ launched

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) launched a “SECP Talk Series”, a new initiative...

Published 23 May, 2026 05:43am

Business & Finance

PAA seeks 50pc cut in WHT on commission, service income

ISLAMABAD: Pakistan Advertising Association (PAA) seeks a 50 percent cut in withholding tax on commission and...

Updated 25 May, 2026 04:27pm

Pakistan

Dar stresses more efficient use of development funds

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday urged more efficient use of development...

Published 23 May, 2026 05:43am

Companies

Pearl-Continental Attabad Lake inaugurated

LAHORE: PC Hospitality, a pioneer in hospitality with a legacy spanning over 50 years, on Friday announced the soft...

Published 23 May, 2026 05:43am

Business & Finance

Govt cuts petrol price by Rs6, diesel by Rs6.80 per litre

New prices come into effect from May 23

Published 23 May, 2026 12:04am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 6	277.25
USD PKR Interbank Buying / Oct 6	277.05
USD to Japanese Yen / Oct 7	158.45
USD to Swiss Franc / Oct 7	0.83
Pound Sterling to USD / Oct 7	1.33
Euro to USD / Oct 7	1.12
SOFR % / Oct 6	3.90

Stock	Volume
S&P 500 / Oct 6	7,818.93
Nasdaq / Oct 6	27,599.89
Dow Jones / Oct 6	51,521.28
India Sensex / Oct 7	72,642.60
Tokyo Nikkei / Oct 7	70,237.46
Hang Seng / Oct 7	24,151.90
FTSE 100 / Oct 7	10,507.70
Germany DAX 30 / Oct 7	25,222.79
France CAC40 / Oct 7	7,808.25

Item	Value
Crude Oil USD/Barrel / Oct 7	90.22
Karachi Cotton PKR/37.32 KG / Oct 7	18,680
Gold 10 Grams PKR / Oct 7	372,458
Gold Spot USD/Ounce / Oct 7	4,143
Cotton US¢/pound / Oct 7	81.21
Petrol/Litre / Oct 8	396.65
Diesel/Litre / Oct 8	394.94

Gainers
Losers
Leaders

Stock	Price
Paramount Mod / Oct 7 First Paramount Modaraba(FPRM)	15.80 ▲ 1.44 (10.03%)
Lse Spac-I Ltd. / Oct 7 Lse Spac-I Limited(SPAC1)	23.39 ▲ 2.13 (10.02%)
Mandviwala / Oct 7 Mandviwala Mauser Plastic Industries(MWMP)	84.88 ▲ 7.72 (10.01%)
Shadman Cotton / Oct 7 Shadman Cotton Mills Limited(SHCM)	74.09 ▲ 6.74 (10.01%)
Treet Corp / Oct 7 Treet Corporation Limited(TREET)	23.07 ▲ 2.1 (10.01%)
Ali Asghar / Oct 7 Ali Asghar Textile Mills Limited(AATM)	44.56 ▲ 4.05 (10%)
Data Agro / Oct 7 Data Agro Limited(DAAG)	92.55 ▲ 8.41 (10%)
Dadex Eternit / Oct 7 Dadex Eternit Limited(DADX)	174.91 ▲ 15.9 (10%)
J.A.Textile / Oct 7 J.A. Textile Mills Limited(JATM)	39.94 ▲ 3.63 (10%)
MACPAC Films / Oct 7 MACPAC Films Limited(MACFL)	76.91 ▲ 6.99 (10%)

Stock	Price
LSE Financial Serv. / Oct 7 LSE Financial Services Limited(LSEFSL)	3.44 ▼ -0.48 (-12.24%)
Azgard Nine (Non-Voti) / Oct 7 Azgard Nine (Non-Voti)(ANLNV)	7.57 ▼ -0.97 (-11.36%)
Asim Textile / Oct 7 Asim Textile Mills Limited(ASTM)	81.72 ▼ -9.08 (-10%)
Popular Islamic / Oct 7 Popular Islamic Modaraba(PIM)	64.01 ▼ -7.11 (-10%)
Pakistan Credit Rating Agency / Oct 7 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.33 ▼ -4.67 (-9.73%)
Noon Sugar / Oct 7 Noon Sugar Mills Limited(NONS)	83.14 ▼ -7.42 (-8.19%)
Fateh Ind. / Oct 7 Fateh Industries Limited(FIL)	262.16 ▼ -22.46 (-7.89%)
Fateh Sports / Oct 7 Fateh Sports Wear Limited(FSWL)	133.98 ▼ -11.07 (-7.63%)
S.S.Oil / Oct 7 S.S.Oil Mills Limited(SSOM)	401.66 ▼ -28.92 (-6.72%)
Century Ins. / Oct 7 Century Insurance Company Limited(CENI)	56.28 ▼ -3.64 (-6.07%)

Stock	Volume
K-Electric Ltd. / Oct 7 K-Electric Limited(KEL)	82,659,125 ▲ 0.45
Cnergyico PK / Oct 7 Cnergyico PK Limited(CNERGY)	68,756,886 ▼ -0.2
Pak Refinery / Oct 7 Pakistan Refinery Limited(PRL)	44,141,519 ▼ -0.06
Tasdeeq Info. Serv. / Oct 7 Tasdeeq Information Services Limited(TISL)	42,719,357 ▲ 0.04
Waves Home Appliances / Oct 7 Waves Home Appliances Limited(WAVESAPP)	30,549,672 ▲ 0.65
WorldCall Telecom / Oct 7 Worldcall Telecom Limited(WTL)	26,045,805 ▲ 0
Dewan Cement / Oct 7 Dewan Cement Limited(DCL)	15,285,606 ▼ -0.05
Pak Int.Bulk / Oct 7 Pakistan International Bulk Terminal(PIBTL)	12,669,746 ▼ -0.06
Media Times Ltd / Oct 7 Media Times Limited(MDTL)	11,935,285 ▲ 0.4
TPL Properties / Oct 7 TPL Properties Limited(TPLP)	11,557,812 ▲ 0.16

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