News Archives for Business & Finance - 2026-06-02

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Business & Finance - 2026-06-02

Business & Finance

Pakistan projected to post 21-year low budget deficit in outgoing FY26

Budget deficit expected at 3.6% of GDP in FY26, against 5.4% of GDP in FY25

Updated 02 Jun, 2026 11:11pm

Markets

Agriculture sector: growers push for climate-resilient seeds, tech overhaul

Farmers and progressive growers have called on Pakistan’s federal and provincial governments to urgently overhaul...

Published 02 Jun, 2026 09:56pm

Perspectives

Beyond the IMF baseline: Pakistan’s hard fiscal choices in FY27 budget

On April 27, the State Bank of Pakistan (SBP) raised the policy rate by 100 basis points to 11.5%, its first hike...

Published 02 Jun, 2026 07:06pm

Markets

Govt to announce budget on June 10 instead of June 5, says parliamentarian

Earlier, NEC meeting was postponed to facilitate further deliberations

Published 02 Jun, 2026 04:48pm

Exchange

Rupee records gain against US dollar

Currency settles at 278.46 against greenback

Updated 02 Jun, 2026 06:40pm

Business & Finance

PM says export growth, industrial production top govt priorities

Promoting industry and trade and increasing foreign investment are essential for the sustainable growth, adds PM

Published 02 Jun, 2026 03:39pm

Budgets

Crucial National Economic Council meeting postponed

Postponement suggests budget might get delayed
NEC is Pakistan’s highest constitutional forum for economic planning and coordination between federal and provincial governments

Published 02 Jun, 2026 03:33pm

Commodities

Gold price per tola gains Rs4,600 in Pakistan

Price of silver increases by Rs94 to reach Rs8,153 per tola

Updated 02 Jun, 2026 05:37pm

Business & Finance

Business confidence in Pakistan deteriorates sharply amid Middle East escalation, finds OICCI survey

Decline is driven primarily by elevated inflationary pressures, rising fuel costs, and the intensifying fallout from the war in the Middle East

Published 02 Jun, 2026 01:12pm

Business & Finance

Pakistan registers 3,161 new firms in May: SECP

IT and e-commerce led the impressive growth

Published 02 Jun, 2026 12:59pm

Companies

Binance and Telenor Pakistan sign MoU to explore digital innovation and blockchain education initiatives in Pakistan

Binance, the world’s largest crypto exchange by trade volume and registered number, and Telenor Pakistan have signed...

Published 02 Jun, 2026 12:57pm

Stocks

European stocks rise as STMicroelectronics' forecasts lift tech stocks

The pan-European STOXX 600 index rose 0.7% to 625.20 points

Published 02 Jun, 2026 12:56pm

Energy

Chinese firm eyes Pakistan’s energy storage market through Treet Battery partnership

Collaboration is expected to bring CATL-cell-based energy storage technology in Pakistan

Updated 02 Jun, 2026 02:51pm

Stocks

Australian shares fall on Mideast anxiety, banks and healthcare stocks top losers

The S&P/ASX 200 index fell 0.9% to 8,647.40

Published 02 Jun, 2026 11:55am

Forex

Thai baht/US dollar little changed on Tuesday

The baht was 0.06% higher at 32.57 versus the dollar, after trading in a range of 32.580 to 32.635

Published 02 Jun, 2026 11:52am

Stocks

South Korean shares pull back from record high on profit-taking

The benchmark KOSPI was down 241.08 points, or 2.74%, at 8,547.30

Published 02 Jun, 2026 11:48am

Stocks

Japan's Nikkei retreats from record peak as traders gauge fragile Mideast peace talks

The Nikkei was down 1.46% at 65,991.2

Published 02 Jun, 2026 11:30am

Commodities

Copper climbs to over two-week high amid tariff uncertainty, Iran risks

The benchmark three-month copper on the London Metal Exchange was up 0.32% at $13,876.50 a metric ton

Published 02 Jun, 2026 11:25am

Forex

China's yuan hits 3-year high; investors eye Mideast peace talks

Its offshore counterpart followed the strengthening trend and last traded at 6.7609

Published 02 Jun, 2026 11:16am

Forex

Australia, NZ dollars buffeted by geopolitics, mixed data

The kiwi dollar faded to $0.5925, after losing almost 1% the previous session

Published 02 Jun, 2026 11:11am

Markets

Indonesia May inflation picks up to 3.08% y/y

Bank Indonesia targets inflation within a range of 1.5% to 3.5%

Published 02 Jun, 2026 11:07am

Mutual Funds

Indian bonds steady as US-Iran tensions linger; RBI policy review due Friday

The yield on the benchmark 6.48% 2035 note was at 7.0171%

Published 02 Jun, 2026 11:01am

Commodities

Indonesia's Jan-April palm oil exports rise 20% y/y to 7.7mn metric tons

The shipments were valued at $8.22 billion

Published 02 Jun, 2026 10:55am

Commodities

Indonesia's January-April coal export volume falls 6.7% y/y

The shipments were worth $7.57 billion

Published 02 Jun, 2026 10:53am

Technology

Airlift co-founder's new startup Metal secures strategic investment

Airlift co-founder Usman Gul's new startup, Metal, secures strategic investment from Rebel Fund, a top VC backing Y Combinator's best

Updated 02 Jun, 2026 01:17pm

Stocks

Tech shares rise in China, HK; investors evaluate Mideast peace talks

China’s tech-focused STAR 50 was up 1.4%, while Hong Kong’s tech shares jumped 3.5%

Published 02 Jun, 2026 10:39am

Commodities

Indonesia rice output in year to July seen down 0.35%

In the May-July period, Indonesia's rice output is expected to reach 7.92 million tons, down 1.16% from the same period last year

Published 02 Jun, 2026 10:28am

Stocks

Late-session selling trims intra-day gains but KSE-100 still closes 421 points higher

Benchmark index settles at 171,021.77

Updated 02 Jun, 2026 05:14pm

Companies

Biafo Industries Limited appoints new CEO

Matin Amjad will take over as CEO on July 1, 2026, succeeding Anwar Moin in a key leadership change for the company

Published 02 Jun, 2026 09:46am

Forex

Oil swings keep Indian rupee outlook precarious, foreign stock sales amplify strain

The rupee is expected ‌to open in a range of 95.10-95.15 per dollar, traders say, having settled at 94.99 on Monday

Published 02 Jun, 2026 08:10am

Stocks

Indian shares to open lower as Iran war, fund outflows continue to weigh

GIFT Nifty futures were at 23,245.5

Published 02 Jun, 2026 08:07am

Bullion Rate

Gold steady amid uncertainty over US-Iran peace negotiations

Spot gold was steady at $4,481.53 per ounce

Updated 02 Jun, 2026 10:26am

Stocks

Asia stocks skittish as Middle East anxiety offsets AI optimism

MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses as trading commenced, last 0.5% lower

Published 02 Jun, 2026 08:02am

Forex

Dollar steady as traders await progress on Middle East peace talks

The dollar index was flat at 99.17, while the euro was 0.03% higher at $1.1634 and sterling gained 0.07% to $1.346

Updated 02 Jun, 2026 10:24am

Energy

Oil prices rise to one-week high as Iran reviews US deal to halt war

Brent futures rose 47 cents to $95.45 a barrel at 12:05 p.m. EDT (1605 GMT) while US WTI crude rose 70 cents to $92.86

Updated 02 Jun, 2026 09:35pm

Business & Finance

Business community concerned federal budget

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial...

Published 02 Jun, 2026 04:58am

Business & Finance

‘Next budget may create more difficulties for traders’

KARACHI: Former Vice President of FPCCI, Tariq Haleem has said that the upcoming federal budget, being formulated...

Published 02 Jun, 2026 04:58am

Pakistan

Tobacco taxation regime: FED collection in FY2025-26 triggers fresh debate: WHO policy

ISLAMABAD: The World Health Organisation’s (WHO) recently released policy brief reviewing that Federal Excise Duty...

Published 02 Jun, 2026 04:58am

Business & Finance

Freelancers demand retaining 0.25pc tax on foreign earnings

KARACHI: The Pakistan Freelancers Association (PAFLA) has called on the Federal Board of Revenue (FBR) and the...

Published 02 Jun, 2026 04:58am

Business & Finance

Budget proposals submitted: Govt should reduce GST rate up to 15pc: UBG

KARACHI: President of the United Business Group (UBG), Zubair Tufail, in his recommendations submitted to the...

Published 02 Jun, 2026 04:58am

Pakistan

Minister pledges record development budget

LAHORE: Punjab Housing and Urban Development Minister Bilal Yasin announced on Monday that the provincial government...

Published 02 Jun, 2026 04:58am

Industry

Special meeting of KATI team with PM to be arranged: Mashood

KARACHI: Chairman Prime Minister’s Youth Programme Rana Mashood has said that a special meeting will be arranged...

Published 02 Jun, 2026 04:58am

Taxes

Taxpayer harassment: ‘FBR officials systematically misuse powers’

ISLAMABAD: The Federal Board of Revenue (FBR) officials are systematically misusing the powers available under...

Published 02 Jun, 2026 04:58am

Taxes

ITO does not independently authorise coercive recovery or collection of tax: FTO

ISLAMABAD: The Federal Tax Ombudsman (FTO) has conveyed to the Federal Board of Revenue (FBR) that investigative...

Published 02 Jun, 2026 04:58am

Industry

Auto policy without localisation meaningless: PAAPAM

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has warned the...

Published 02 Jun, 2026 04:58am

Industry

LCCI urges export-focused budget, abolition of PIDC

LAHORE: Prime Minister Shehbaz Sharif held a consultative meeting with presidents of chambers of commerce and...

Published 02 Jun, 2026 04:58am

Industry

Steel melters for abolishing WHT on local scrap purchases

LAHORE: The Pakistan Steel Melters Association (PSMA) has urged the government to abolish withholding tax on local...

Published 02 Jun, 2026 04:58am

Commodities

Mango export target cut by 30pc on ME tensions

KARACHI: Pakistan’s mango export season has started from June 1, under mounting pressure from geopolitical tensions...

Published 02 Jun, 2026 04:58am

Industry

Anjuman-e-Tajiran warns of economic decline, unveils ‘reform agenda’

KARACHI: The Anjuman-e-Tajiran Karachi has resonated a sharp warning over the deteriorating economic and civic...

Published 02 Jun, 2026 04:58am

Business & Finance

Industry, agri, technology: Expanded cooperation with China to help boost exports: PM

ISLAMABAD: Prime Minister Shehbaz Sharif said on Monday that expanded cooperation with China in industry,...

Published 02 Jun, 2026 04:58am

Pakistan

Poultry farmers exempt from payment of sales tax under relevant law: FCC

ISLAMABAD: The Federal Constitutional Court (FCC) held that poultry farmers are exempt from the payment of sales tax...

Published 02 Jun, 2026 04:58am

Energy

OPEC+ likely to raise July oil output target

VIENNA: OPEC+ oil-producing countries will likely agree a further hike in their output target for July when they...

Published 02 Jun, 2026 04:58am

Business & Finance

Macron announces 93bn euros in ‘Choose France’ investments

PARIS: President Emmanuel Macron said he was expecting “record” foreign investment amounting to 93 billion euros...

Published 02 Jun, 2026 04:58am

Business & Finance

Huge state subsidies give China unfair edge over foreign rivals: OECD

PARIS: Chinese companies in 15 key industrial sectors received vastly more state support than their international...

Published 02 Jun, 2026 04:58am

Cotton & Textile

Cotton crop conditions: APTMA urges Punjab to share weekly reports

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has urged the Punjab Agriculture Department to initiate...

Published 02 Jun, 2026 04:58am

Business & Finance

SBP allows Naya Pakistan Certificates in SAR & AED

KARACHI: The government has expanded the scope of Naya Pakistan Certificates (NPCs) scheme by introducing investment...

Published 02 Jun, 2026 04:58am

Business & Finance

CPI inflation surges to 23-month high

ISLAMABAD: The Consumer Price Index-based inflation surged to 11.7 percent year-on-year (YoY) in May 2026, the...

Updated 02 Jun, 2026 06:45am

Energy

Oil up about USD5 a barrel

NEW YORK: Oil prices were up about USD5 a barrel on Monday after Iran’s Tasnim news agency reported that Tehran is...

Published 02 Jun, 2026 04:58am

Business & Finance

PTC for competitive budget steps to revive exports & industries

ISLAMABAD: Pakistan Textile Council (PTC) Chairman Fawad Anwar has urged the government to adopt the textile and...

Published 02 Jun, 2026 04:58am

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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