News Archives for Business & Finance - 2026-06-03

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Business & Finance - 2026-06-03

Business & Finance

Federal budget 2026-27 likely to be unveiled on June 10, says DPM Dar

Recommendation to be made to PM Shehbaz

Updated 03 Jun, 2026 10:17pm

Middle East

IMF says Saudi economy holding up during Iran war but growth could slow to 2% in 2026

Higher oil prices are also expected to boost revenues and help narrow the current account and fiscal deficits in 2026

Published 03 Jun, 2026 07:03pm

Stocks

Most Gulf markets retreat on Iran war jitters

Saudi Arabia’s benchmark index fell 0.1%

Published 03 Jun, 2026 06:49pm

Stocks

Broad-based losses drag Sri Lankan shares lower for third day

CSE All Share index settled down 0.75% at 22,011.10

Published 03 Jun, 2026 06:44pm

Markets

Indian central bank rebuts media report it sold gold reserves

The country's foreign exchange reserves fall to a more than one-year low of $681.4 billion in the week ended May 22

Published 03 Jun, 2026 06:25pm

Markets

India tightens checks on overseas flows as currency pressure mounts, sources say

India’s capital account is only partially open. Companies can invest abroad through the overseas direct investment route

Published 03 Jun, 2026 05:55pm

Commodities

Copper pulls back as fresh attacks in the Middle East curb risk appetite

Benchmark three-month copper on the LME was down 0.9% at $13,914 a metric ton

Published 03 Jun, 2026 05:45pm

Commodities

Malaysian palm surges 3% to four-week high on Chicago soyoil strength

Dalian’s most-active soyoil contract rose 0.25%

Published 03 Jun, 2026 05:43pm

Forex

Indian rupee dented by oil price jump, equity weakness; likely RBI intervention caps losses

Indian rupee closed at 95.7050 per dollar

Published 03 Jun, 2026 05:19pm

Stocks

Indian shares trim losses on foreign inflow hopes; IT sinks, oil surges

Nifty 50 closed 0.33% lower at 23,405.6, while the BSE Sensex lost 0.41% to 74,346.17

Published 03 Jun, 2026 05:00pm

South Asia

India approves $1 billion fund to help airlines weather fuel cost surge

'The measure will help protect and sustain domestic and international air connectivity'

Published 03 Jun, 2026 04:57pm

Companies

IIFL Finance eyes 7.60% coupon for dollar bond fundraise, sources say

IIFL Finance plans to raise at least $400 million through this issue, which carries a maturity of three years and three months

Published 03 Jun, 2026 04:51pm

South Asia

India set for $2-billion drone order in biggest buy, industry body says

'Tactical drone procurements in India may exceed 200 billion Indian rupees, or more than $2 billion,' Smit Shah says

Published 03 Jun, 2026 04:44pm

Exchange

Rupee records gain against US dollar

Settles at 278.45 against greenback

Updated 03 Jun, 2026 08:42pm

Stocks

European stocks dip on Mideast tensions, private market jitters

The pan-European STOXX 600 index dipped 0.4% to 622.73 points

Published 03 Jun, 2026 02:22pm

Commodities

Gold price per tola drops Rs8,600 in Pakistan

International rate of gold declines by $86 to reach $4,454 per ounce

Updated 03 Jun, 2026 06:22pm

Technology

Ministry urges tax relief extension for telecom sector

Proposes a comprehensive package of fiscal incentives

Published 03 Jun, 2026 01:03pm

Markets

OECD cuts 2026 global growth forecasts over Mideast war fallout

Previously the OECD had forecast full-year global growth of 2.9 percent

Published 03 Jun, 2026 12:42pm

Energy

Leghari orders action against worst-performing field officers

PESCO and SEPCO suspend staff

Published 03 Jun, 2026 12:07pm

Companies

Ghani Dairies imports another batch of 300 heifers from Australia

Import part of the company's strategic expansion plan

Published 03 Jun, 2026 11:55am

Commodities

Iron ore falls on thinning steel margins and weak demand

The benchmark July iron ore on the Singapore Exchange slid 1.22% to its lowest since April 15 at $103.95 a ton

Published 03 Jun, 2026 11:54am

Business & Finance

EBRD cuts 2026 growth expectation as Iran war boosts energy costs

Economies in the 41 countries covered by the development finance institution are expected to expand at a slower-than-forecast 3.1% this year

Published 03 Jun, 2026 11:51am

Energy

Indonesia's January-May crude oil production at 576,200 bpd, regulator says

Indonesia’s natural gas production stood at 6,550 million standard cubic feet per day over the same period, the regulator said

Published 03 Jun, 2026 11:49am

Budgets

PM Shehbaz engages top business leaders on FY27 budget

PM Shehbaz and business leaders agree on reforms for economic stability, industrial growth, and increased employment opportunities

Updated 03 Jun, 2026 11:15pm

Mutual Funds

JGB yields rise across curve on BOJ hike bets, higher global yields

The benchmark 10-year JGB yield climbed 6 basis points (bps) to 2.625%. Yields move inversely to bond prices

Published 03 Jun, 2026 11:40am

Stocks

Japan's Nikkei crosses 68,000 mark as AI stocks rally

The Nikkei was up 2.2% at 68,203.79 in morning trade, while the broader Topix gained 1.5% to 3,982.89

Published 03 Jun, 2026 11:39am

Mutual Funds

Fresh US-Iran hostilities add to Indian bond jitters in RBI policy week

The yield on the benchmark 6.48% 2035 note is expected to trade in the 7.00% to 7.06% range

Published 03 Jun, 2026 11:23am

Stocks

Australia shares climb to near one-month high as miners rally

The S&P/ASX 200 index was up 0.4% at 8,754.70 points

Published 03 Jun, 2026 11:21am

Commodities

Palm rises more than 1% on firmer crude, Chicago soyoil

Palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 73 ringgit, or 1.61%, to 4,608 ringgit

Published 03 Jun, 2026 11:16am

Commodities

Copper eases from two-week high as investors pause after rally

The most-active copper contract on the Shanghai Futures Exchange gained 0.78% to 106,820 yuan ($15,785.90) a ton

Published 03 Jun, 2026 11:14am

Stocks

Optical, semiconductor stocks lift China A-shares; HK shares dip

At the midday break, China’s blue-chip CSI300 Index climbed 1.6% and the Shanghai Composite Index rose 0.6%

Published 03 Jun, 2026 11:13am

Commodities

Chicago corn, wheat fall on favourable US weather, ample global supplies

The most-active corn contract on the Chicago Board of Trade (CBOT) fell 0.2% to $4.39-1/2 a bushel

Published 03 Jun, 2026 11:08am

Forex

Australia dollar drifts as economy slows, Gulf fighting resumes

The country's gross domestic product grew 0.3% in the March quarter

Published 03 Jun, 2026 11:06am

Forex

Yuan slips against strong US dollar with Iran, China economic reports in focus

The onshore yuan was 0.03% lower at 6.7673 against the dollar at 0345 GMT after trading in a range of 6.7646 to 6.7694

Published 03 Jun, 2026 10:44am

Budgets

Pakistan's budget unlikely to be presented on June 5, government source says

The government source sought anonymity because he was not authorised to disclose the information

Published 03 Jun, 2026 10:42am

Stocks

Selling at bourse, KSE-100 sheds over 800 points

Benchmark index settles at 170,190.64

Updated 03 Jun, 2026 06:14pm

Energy

OGDCL strikes oil in Sindh's Sanghar

Bobi Deep-1 well is producing 2,000 barrels of oil and 1.1 million cubic feet of gas daily, adds the company

Published 03 Jun, 2026 09:54am

Forex

Fresh Gulf hostilities set to weigh on rupee, traders eye central bank cushion

The Indian rupee is expected to open in the 95.35-95.38 range, ‌per traders, having settled at 95.2650 on Tuesday

Published 03 Jun, 2026 07:54am

Bullion Rate

Gold eases on stronger oil as fresh Mideast hostilities erupt

Spot gold fell 0.2% to $4,476.50 ‌per ounce

Published 03 Jun, 2026 07:45am

Stocks

Indian shares seen muted as Iran tensions lift oil prices, dampen risk mode

Nifty 50 would open near Tuesday’s close of 23,483.55

Published 03 Jun, 2026 07:39am

Forex

Yen slips to key 160 level as Gulf hostilities boost dollar

The dollar was last 0.04% higher at 159.98 yen

Published 03 Jun, 2026 07:36am

Energy

Oil extends gains as Middle East hostilities flare

Brent futures were up $1.41, or 1.5%, at $97.41 a barrel

Updated 03 Jun, 2026 08:09pm

Money & Banking

BankIslami partners with Surayya Azeem Waqf Teaching Hospital

KARACHI: BankIslami partners with Surayya Azeem Waqf Teaching Hospital to strengthen healthcare access for Punjab’s...

Published 03 Jun, 2026 02:34am

Business & Finance

May OMC sales plunge 23pc YoY on higher fuel prices

KARACHI: Pakistan’s oil marketing companies (OMCs) witnessed a sharp decline in petroleum product sales during May...

Published 03 Jun, 2026 02:34am

Business & Finance

May cement dispatches decline 21.02pc to 3.837m tonnes YoY

LAHORE: The Pakistan’s cement industry witnessed a sharp downturn in May 2026, with total cement despatches falling...

Published 03 Jun, 2026 02:34am

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	163.74
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 28	7,428.78
India Sensex / Jul 28	76,765.92
Tokyo Nikkei / Jul 28	62,364.92
Nasdaq / Jul 28	24,876.91
Hang Seng / Jul 28	25,310.85
FTSE 100 / Jul 28	10,871.02
Dow Jones / Jul 28	52,747.32
Germany DAX 30 / Jul 28	25,464.01
France CAC40 / Jul 28	8,458.78

Item	Value
Crude Oil USD/Barrel / Jul 28	82.42
Karachi Cotton PKR/37.32 KG / Jul 28	18,480
Gold 10 Grams PKR / Jul 28	366,457
Gold Spot USD/Ounce / Jul 28	4,021.71
Cotton US¢/pound / Jul 28	80.53
Petrol/Litre / Jul 29	334.18
Diesel/Litre / Jul 29	386.83

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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