News Archives for Business & Finance - 2026-06-01

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Business & Finance - 2026-06-01

Markets

Anthropic confidentially files for US IPO, beating OpenAI

The move sets up a high-stakes test of whether investor appetite for the AI revolution

Published 01 Jun, 2026 11:11pm

Technology

Budget 2026-27: freelancers call for continued tax relief on foreign earnings

Extending 0.25% tax regime could boost freelancing, encourage local savings while supporting students, youth, and women, says PAFLA chairman

Published 01 Jun, 2026 09:25pm

Technology

India's Anant Raj to invest $2.6 billion in Haryana data centre, cloud services

India’s data centre market, valued at $5.55 billion in 2025, is projected to reach $13.11 billion by 2034

Published 01 Jun, 2026 08:30pm

Stocks

Most Gulf markets slip after Iran and US exchange strikes

Saudi Arabia’s benchmark index dropped 0.6%

Published 01 Jun, 2026 07:18pm

Stocks

Sri Lankan shares slide on broad-based sectoral losses

CSE All Share index settled down 0.21% at 22,265.04

Published 01 Jun, 2026 06:24pm

South Asia

India's 2025/26 fiscal deficit at 4.4%, in line with government estimates

The fiscal deficit amounted to 21.4% of the budgeted target for the full year ending March 2027

Published 01 Jun, 2026 06:12pm

Companies

AirTrunk to invest $21 billion in India data centre

More than $630 billion worth of investments are expected from U.S. tech giants this year as India is offering tax breaks for foreign firms

Published 01 Jun, 2026 06:08pm

Business & Finance

Imran Ghaznavi joins Privatisation Commission as chief media officer

Ministry says his appointment is aimed at shaping public messaging and boost stakeholder confidence.

Published 01 Jun, 2026 06:05pm

South Asia

India, U.S. near trade pact; tariff terms hinge on Section 301 relief, source says

India expected preferential tariff rates compared with developing countries in South Asia and Southeast Asia, including Bangladesh, Pakistan and Sri Lanka

Published 01 Jun, 2026 06:02pm

South Asia

India manufacturing activity rose in May despite cost pressures, PMI shows

The HSBC India Manufacturing Purchasing Managers’ Index, compiled by S&P Global, rises to 55.0 in May

Published 01 Jun, 2026 05:55pm

Pakistan

What does IMF want from Pakistan's upcoming budget?

Pakistan’s ongoing engagement with the International Monetary Fund (IMF) is shaping many of the economic policies...

Published 01 Jun, 2026 05:20pm

Companies

Indian steelmakers grapple with resurgence of cheap Chinese imports

The influx of low-priced stainless steel from China is a challenge for the domestic industry

Published 01 Jun, 2026 05:06pm

Energy

Saudi Aramco raises LPG OSPs by up to 3% for June, Sonatrach cuts prices by 18% and 31%

Saudi Aramco’s June OSPs increase by $10 per metric ton to $760 a ton for propane

Published 01 Jun, 2026 04:35pm

Exchange

Rupee registers gain against US dollar

Settles at 278.47 against greenback

Updated 01 Jun, 2026 08:49pm

Commodities

Aluminium hits four-year high on renewed Middle East supply risks

Benchmark aluminium on the LME was up 0.6% at $3,690 a metric ton

Published 01 Jun, 2026 04:28pm

Currency

Coinbase offers trading using Indian rupee

India requires crypto exchanges to comply with its anti-money laundering rules

Published 01 Jun, 2026 04:10pm

Business & Finance

Pakistan eyes 4% GDP growth for FY27

Projection driven by stronger performance in agriculture, industry, and services sectors

Updated 01 Jun, 2026 06:23pm

Forex

Indian rupee ends little changed on two-way foreign portfolio flows, merchant hedging

Indian rupee closed at 94.99 per dollar

Published 01 Jun, 2026 03:58pm

Stocks

Indian shares drop again on outflows, weak monsoon woes

Nifty 50 fell 0.7% to 23,382.6 and the Sensex lost 0.68% to 74,267.34

Published 01 Jun, 2026 03:55pm

Companies

Zia Chishti’s stake in TRG Pakistan down to 1.2% after ‘enforcement of security’ by JS Bank

Last week, JS Bank acquired roughly 81.36 million shares, representing 14.92% of TRG Pakistan Limited

Updated 01 Jun, 2026 03:33pm

Markets

Pakistan inflation hits 11.7% in May 2026, highest since June 2024

Inflation stood at 6.69% in 11MFY26

Updated 01 Jun, 2026 04:06pm

Business & Finance

Pakistan sees FY26 GDP growth at 3.7%

Government to announce federal budget for FY27 on June 5

Updated 01 Jun, 2026 10:44pm

Stocks

European shares dip as renewed Middle East tensions cloud peace prospects

The pan-European STOXX 600 index edged 0.1% lower

Published 01 Jun, 2026 01:44pm

Companies

Crescent Cotton announces CEO, chairman

Re-appoints Taimur Amjad as Chairman and Abid Mahmood as CEO for the next three years.

Published 01 Jun, 2026 01:39pm

Commodities

Gold price per tola drops by Rs4,400 in Pakistan

International rate of gold declines by $44 to reach $4,494 per ounce

Updated 01 Jun, 2026 06:34pm

Budgets

Projects worth Rs3tn to be rejected as govt faces fiscal constraints: Ahsan Iqbal

With a mere Rs1.126 trillion allocated for development, Pakistan's government faces a negative effective PSDP, leaving virtually no fiscal space for new projects.

Published 01 Jun, 2026 12:47pm

Forex

South African rand inches lower before manufacturing PMI, vehicle sales figures

The rand traded at 16.2450 against the dollar , roughly down 0.2% from its previous close

Published 01 Jun, 2026 12:24pm

Markets

Asia's factory output expands as firms stockpile buffers over Iran war risks

The index for the Philippines also rose to 50.8 from 48.3 in April

Published 01 Jun, 2026 11:12am

Forex

Yuan eases from 3-year peak as factory activity stalls

The offshore yuan fetched 6.7671, down about 0.03% in Asian trade

Published 01 Jun, 2026 11:09am

Stocks

South Korean shares hit record high on export surge, Nvidia optimism

The benchmark KOSPI climbed 389.34 points, or 4.59%, to 8,865.49, as of 0311

Published 01 Jun, 2026 10:56am

Energy

Bangladesh raises fuel prices again as global costs bite

Prices of diesel, the country’s most widely used fuel, remain unchanged at 115 taka per litre

Published 01 Jun, 2026 10:54am

Forex

Australian dollar wait for Gulf deal, kiwi slips after big weekly gains

The kiwi dollar fared better, having rallied 2.5% last week to a three-month top of $0.5994

Published 01 Jun, 2026 10:51am

Stocks

China stocks dip to six-week low as techs drag, factory activity stalls

The Shanghai Composite index lost as much as 0.6% to the lowest since April 17, before dropping 0.1% to 4,063.72 points by midday break

Published 01 Jun, 2026 10:46am

Stocks

Japan's Nikkei tops 67,000 for first time on AI boost; SoftBank becomes Japan's most valuable firm

The Nikkei climbed 1.1% to enter the midday recess at 67,038.24, after pushing as high as 67,231.28

Published 01 Jun, 2026 10:44am

Mutual Funds

Japanese bond yields rise with Middle East peace deal elusive

Five-year JGB yields rose 3.5 bps to 1.92%; two-year yields rose 1 bp to 1.4%

Published 01 Jun, 2026 10:42am

Commodities

London copper ticks higher as Iran uncertainties, China data limit gains

The benchmark three-month copper on the London Metal Exchange rose 0.28% to $13,674.50 a metric ton

Published 01 Jun, 2026 10:40am

Markets

Philippine central bank weighs stronger response to combat inflation

The BSP raised its key policy rate by 25 basis points to 4.50% in April

Published 01 Jun, 2026 10:38am

Mutual Funds

India bonds seen consolidating in range at start of RBI policy week

Yield on the benchmark 6.48% 2035 note is expected to trade in the 6.97% to 7.02% range

Published 01 Jun, 2026 10:37am

Commodities

Soybeans, corn rise in step with higher oil prices

Wheat faced pressure from the upcoming Northern Hemisphere harvests

Published 01 Jun, 2026 10:31am

Stocks

Australian shares inch lower, hurt by banks and energy; miners limit losses

The S&P/ASX 200 index fell 0.3% to 8,703.9

Published 01 Jun, 2026 10:29am

Stocks

KSE-100 Index slides nearly 2% amid heavy selling pressure

Benchmark index settles at 170,600.20

Updated 01 Jun, 2026 06:17pm

Stocks

Indian shares may open higher, rebounding from Friday's record foreign sell-off

GIFT Nifty futures were ‌at 23,726

Published 01 Jun, 2026 07:46am

Forex

Dollar steadies as markets await signals on Iran war, central banks

The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait ‌of Hormuz shipping lane for oil

Published 01 Jun, 2026 07:41am

Forex

RBI policy decision, growth data in focus for Indian rupee and bonds

The Indian rupee closed at 95 per dollar on Friday

Published 01 Jun, 2026 07:32am

Stocks

Asia stocks count on AI boom to offset Gulf risks

South Korea rose 1.3%, after surging 8% last week, while Taiwanclimbed almost 6% last week. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2%

Published 01 Jun, 2026 07:28am

Bullion Rate

Gold slips on stronger dollar, oil; Trump's decision on Iran ceasefire in focus

Spot ‌gold was down 0.2% at $4,527.36 per ounce

Updated 01 Jun, 2026 11:06am

Energy

Oil jumps over $6 on Iran report of halted U.S.-Tehran exchanges, Hormuz blockade risk

Brent futures rose $6.02 or 6.6% at $97.14 a barrel

Updated 01 Jun, 2026 09:51pm

Pakistan

8pm market closure cuts retailers’ revenues by 10 to 40pc

LAHORE: Pakistan’s government-imposed 8pm market closure mandate during Eid-ul-Azha 2026 cost retailers across the...

Published 01 Jun, 2026 04:28am

Business & Finance

Herbal medicine sector: There’s USD200m annual loss due to imported raw materials: PAAM

LAHORE: The Pakistan Association of Alternative Medicine (PAAM) has highlighted a critical economic drain in the...

Published 01 Jun, 2026 04:28am

Business & Finance

First Pakistani pharma company recognized by PIC/S for injections, eye drops

KARACHI: In a historical development, a Pakistan-based pharmaceutical company has secured the prestigious PIC/S...

Updated 04 Jun, 2026 07:08pm

Commodities

Prices of essential items in Peshawar show mixed trend

PESHAWAR: Mixed trend in price of essential food commodities, including vegetables, cooking oil/ghee, sugar, flour,...

Published 01 Jun, 2026 04:28am

Business & Finance

Anjuman-e-Tajiran leader rejects proposed ‘Asan Tax Scheme’

ISLAMABAD: Pakistan Anjuman-e-Tajiran has raised serious objections to the draft of the tax scheme (Asan Tax Scheme)...

Published 01 Jun, 2026 04:28am

Business & Finance

Wapda union rejects privatisation of Discos

PESHAWAR: The All Pakistan Wapda Hydro Electric Workers Union has strongly opposed the government’s decision to...

Published 01 Jun, 2026 04:28am

Business & Finance

ME turmoil to affect exports, remittances: BMP

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) has expressed...

Updated 01 Jun, 2026 05:17am

Business & Finance

Stablecoin demand may soon fade: BoE

DUBROVNIK: The popularity of stablecoins could soon fade, replaced by tokenised deposits, or digital versions of...

Published 01 Jun, 2026 04:28am

Cotton & Textile

Weekly Cotton Review: As new crop season opens on a bearish note, rates have fallen significantly

KARACHI: The new cotton crop season for 2026-27 has opened with a significant bearish trend in prices, with market...

Published 01 Jun, 2026 04:28am

Business & Finance

Sri Lanka raise fuel prices after IMF loan instalment

COLOMBO: Sri Lanka raised fuel prices by up to six percent on Sunday, in line with IMF plans to recover energy costs...

Published 01 Jun, 2026 04:28am

Business & Finance

Canada enters surprise technical recession amid tariff uncertainty

OTTAWA: Canada’s economy posted a surprise contraction in the first quarter versus the year before, making it two...

Published 01 Jun, 2026 04:28am

Pakistan

Soneri Bank partners with The Citizens Foundation

KARACHI: Reinforcing its commitment towards sustainable social development and community empowerment, Soneri Bank...

Published 01 Jun, 2026 04:28am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 28	278.05
USD PKR Interbank Buying / Jul 28	277.85
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 28	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
Crude Oil USD/Barrel / Jul 28	82.05
Karachi Cotton PKR/37.32 KG / Jul 28	18,480
Gold 10 Grams PKR / Jul 28	366,457
Gold Spot USD/Ounce / Jul 28	4,040.61
Cotton US¢/pound / Jul 28	80.50
Petrol/Litre / Jul 29	335.81
Diesel/Litre / Jul 29	388.38

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%)
Gulshan Sp. / Jul 28 Gulshan Spinning Mills Limited(GSPM)	7.09 ▲ 0.7 (10.95%)
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%)

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%)
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%)
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)	16.59 ▼ -1.71 (-9.34%)
First IBL Mod. / Jul 28 First IBL Modaraba(FIBLM)	15.24 ▼ -1.43 (-8.58%)
Shahzad Tex. / Jul 28 Shahzad Textile Mills Limited(SZTM)	88.84 ▼ -8.05 (-8.31%)
S.G.Power / Jul 28 S.G. Power Limited(SGPL)	70.57 ▼ -6.08 (-7.93%)

Stock	Volume
Cnergyico PK / Jul 28 Cnergyico PK Limited(CNERGY)	273,053,795 ▲ 0.19
WorldCall Telecom / Jul 28 Worldcall Telecom Limited(WTL)	72,249,659 ▼ -0.04
Trust Sec.& Brok. / Jul 28 Trust Securities & Brokerage Limited(TSBL)	63,665,301 ▼ -0.3
Pak Refinery / Jul 28 Pakistan Refinery Limited(PRL)	38,899,025 ▲ 3.64
Maple Leaf Cement / Jul 28 Maple Leaf Cement Factory Limited(MLCF)	24,346,490 ▲ 0.35
Ghani Chem. Ind. / Jul 28 Ghani Chemical Industries Limited(GCIL)	22,754,780 ▲ 1.24
TPL Corp Ltd / Jul 28 TPL Corp Limited(TPL)	21,763,143 ▲ 0.21
Siddiqsons Tin / Jul 28 Siddiqsons Tin Plate Limited(STPL)	18,863,138 ▲ 1
K-Electric Ltd. / Jul 28 K-Electric Limited(KEL)	15,390,222 ▼ -0.08
Intermarket Securities / Jul 28 Intermarket Securities Limited(IMS)	14,668,681 ▲ 2.44

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