News Archives for Business & Finance - 2026-06-04

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Business & Finance - 2026-06-04

Technology

PTA moves to declare corporate SMS a separate market

Authority eyes tighter oversight of mobile operators

Published 04 Jun, 2026 11:02pm

Perspectives

Hong Kong–Central Asia connectivity: Pakistan’s strategic opportunity

Hong Kong’s outreach to Central Asia marks a new phase in China’s regional strategy, integrating Hong Kong’s...

Published 04 Jun, 2026 10:37pm

Business & Finance

Businessmen voice mistrust over upcoming budget for FY27

Ask govt to present export-led growth budget

Published 04 Jun, 2026 09:07pm

Energy

India's tougher grid rules unsettle investors, test clean energy ambitions

Industry groups estimate the tougher regime could cut revenue by about 11% for solar projects

Published 04 Jun, 2026 08:41pm

Companies

Reliance hiring slump is calm before AI storm

The energy-to-retail giant’s over 419,000 headcount as of March 2026 represents 4% year-on-year growth

Published 04 Jun, 2026 08:35pm

Financial

Indian central bank's heavy FX swaps drag premiums to 2-month low ahead of policy

One-year hedging costs have dropped from the mid-May peak of 3.50% to 2.92%

Published 04 Jun, 2026 08:28pm

Business & Finance

Pakistan's tightrope walk: balancing IMF demands against economic survival

Economists, market experts expect fiscally conservative package aimed at meeting ambitious IMF targets

Published 04 Jun, 2026 07:44pm

Business & Finance

Pakistan govt to present federal budget 2026-27 on June 10, official confirms

Finance minister Muhammad Aurangzeb will present budget before National Assembly, says Khurram Schehzad

Updated 04 Jun, 2026 11:21pm

Business & Finance

SBP-held foreign exchange reserves rise by $43mn to $17.9bn

Total liquid foreign exchange reserves stand at $22.636 billion

Published 04 Jun, 2026 06:30pm

Companies

Engro and Baidu enter into an MoU to explore AI capabilities and ecosystem development across the region

Engro, a diversified conglomerate with a growing focus on digital infrastructure and technology-enabled solutions,...

Updated 04 Jun, 2026 09:33pm

Financial

Foreign investors pivot to short India debt ahead of policy turn

Indian government bond yields have risen over the last three months

Published 04 Jun, 2026 06:07pm

Stocks

Sri Lankan shares fall for fourth straight session on broad-based selling

CSE All-Share index settled down 1.14% at 21,760.31

Published 04 Jun, 2026 06:02pm

Forex

Indian rupee closes marginally weaker ahead of crucial central bank rate review

Indian rupee closed at 95.7850 per U.S. dollar

Published 04 Jun, 2026 05:30pm

Stocks

Indian shares muted ahead of crucial RBI policy decision

Nifty 50 ended up 0.05% at 23,416.55, while the BSE Sensex gained 0.02% to 74,360.01

Published 04 Jun, 2026 04:58pm

Commodities

Asia rice: Vietnam prices rise on El Nino concerns; Bangladesh rates stay high amid heatwave

Vietnam’s 5% broken rice was offered at $415-$420 per metric ton

Published 04 Jun, 2026 04:55pm

Markets

Construction sector: Govt to reduce duties on specialised vehicles and machinery

NTC should play its active role in the facilitation of investors and industrialists, says PM

Updated 04 Jun, 2026 11:22pm

Commodities

Palm slips over 1% on weak demand, soft soyoil and crude oil

Dalian’s most-active soyoil contract fell 0.63%

Published 04 Jun, 2026 04:37pm

South Asia

India sees 'perfect complimentarity' with Venezuela in energy trade amid Gulf crisis

Venezuela sees India as a “preferred partner” in the energy sector

Published 04 Jun, 2026 04:26pm

Companies

India's Rajesh Exports chair asserts accuracy of financials after SEBI allegations

SEBI says that 97–99% of Rajesh Exports' revenue comes from its overseas subsidiaries

Published 04 Jun, 2026 04:19pm

Exchange

Rupee records gain against US dollar

Settles at 278.42

Updated 04 Jun, 2026 07:59pm

Financial

Gold per tola gains Rs1,523 in Pakistan

Reaches Rs469,285

Published 04 Jun, 2026 01:35pm

Forex

Pound treads water amid uncertainty about Iran peace talks

Sterling was treading water at $1.342 as ⁠traders waited for further developments, and oil prices were also roughly flat

Published 04 Jun, 2026 01:17pm

Forex

South African rand steady as traders mull new US tariffs, fragile Gulf ceasefire

The rand traded at 16.3225 against the dollar , a whisker away ⁠from its previous close

Published 04 Jun, 2026 01:14pm

Stocks

European shares steady as investors eye Mideast tensions; Remy gains

The pan-European STOXX 600 index inched up 0.1% to 622.17 points

Published 04 Jun, 2026 01:10pm

Technology

Supernet Technologies secures Rs1bn contract

The execution of the project is expected to take place during FY 2026–27

Published 04 Jun, 2026 12:18pm

Commodities

Iron ore touches six-week low on China demand worries

The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) fell 0.96% to 774.5 yuan ($114.32) a metric ton

Published 04 Jun, 2026 12:14pm

Forex

Yuan firms as traders track Iran war, weigh strength of China's economy

The onshore yuan firmed roughly 0.05% to 6.7740 per dollar

Published 04 Jun, 2026 12:06pm

Stocks

China, Hong Kong stocks fall after flare-up in Middle East tensions

In China, the large-cap CSI300 Index fell 0.6% by the lunch break, while the Shanghai Composite Index lost 0.4%

Published 04 Jun, 2026 11:56am

Commodities

Palm slips on weak export demand, soft soyoil and crude oil

Palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 36 ringgit, or 0.77%, at 4,641 ringgit

Published 04 Jun, 2026 11:50am

Stocks

Australian shares fall as Mideast tensions deepen, miners and banks top losers

The S&P/ASX 200 index declined 1.3% to 8,674.10

Published 04 Jun, 2026 10:57am

Stocks

Japan's Nikkei pulls back from record high on AI selloff

The Nikkei was down 1.83% at 67,149.15

Published 04 Jun, 2026 10:55am

Forex

Australia, NZ dollars suffer Gulf setback, await RBA outlook

The kiwi dollar edged up to $0.5872, having fallen 1.1% overnight

Published 04 Jun, 2026 10:53am

Forex

Thai baht/US dollar steady on Thursday

The baht was 0.03% lower at 32.71 versus the dollar, after trading in a range of 32.685 to 32.755

Published 04 Jun, 2026 10:50am

Mutual Funds

India bonds likely to gain on reports of tax cut for foreign investors

The yield on the benchmark 6.48% 2035 note is expected to trade in the 6.99% to 7.05% range

Published 04 Jun, 2026 10:48am

Forex

Indian rupee under pressure from outflows, Asia weakness; report on tax relief may support

The Indian rupee is expected to open in 95.74-95.78 range, per traders, having settled at 95.7050 on Wednesday

Published 04 Jun, 2026 10:43am

Stocks

Indian shares muted on Mideast jitters; traders eye RBI policy meeting

The benchmark Nifty 50 rose 0.1% at 23,425.6

Published 04 Jun, 2026 10:40am

Bullion Rate

Gold rises on softer dollar, oil as markets weigh US-Iran peace optimism

Spot gold was up 0.7% at $4,464.69 per ounce

Published 04 Jun, 2026 10:34am

Stocks

Stocks slide on flare-up in Middle East fighting; oil eases off highs

MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.5%

Published 04 Jun, 2026 10:30am

Forex

Dollar clings to 2-month high as Gulf hostilities flare, yen wobbles near intervention zone

The euro stood at $1.1604, and the British pound traded at $1.3424, both largely flat so far in Asia

Published 04 Jun, 2026 10:26am

Energy

Oil falls as traders eye Iran deal following Lebanon-Israel ceasefire

Brent futures were down $2.82, or 2.88%, at $94.99 a barrel

Updated 04 Jun, 2026 08:59pm

Stocks

Buying returns at PSX, KSE-100 Index up nearly 1,000 points

Benchmark index settles at 171,175.50

Updated 04 Jun, 2026 07:21pm

Business & Finance

Ports, logistics, blue economy initiatives: Maritime sector offers investment opportunities: minister

ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry here on Wednesday said Pakistan’s...

Published 04 Jun, 2026 05:23am

Companies

SYS spells out factors behind declining Q1 margins

KARACHI: Systems Limited (SYS), Pakistan’s largest listed technology company, has attributed the decline in its...

Published 04 Jun, 2026 05:22am

Business & Finance

PVMA urges FBR to release billions of rupees of ST refunds

KARACHI: Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan has strongly urged...

Published 04 Jun, 2026 05:22am

Companies

NBP signs MoU with Charter for Compassion Pakistan

KARACHI: The National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with Charter for...

Published 04 Jun, 2026 05:22am

Business & Finance

NKATI president demands govt restore FTR

KARACHI: President of North Karachi Association of Trade and Industry (NKATI), Faisal Moiz has said that his...

Published 04 Jun, 2026 05:22am

Business & Finance

ACCA applauds Pakistani finance professionals’ performance

KARACHI: ACCA’s Global Talent Trends 2026 report highlights the exceptional ambition, entrepreneurial spirit, and...

Published 04 Jun, 2026 05:22am

Business & Finance

Austerity steps: NA Secretariat achieves Rs4.5bn saving

ISLAMABAD: The National Assembly Secretariat achieved budgetary savings of 27.3 percent, amounting to Rs 4.5...

Published 04 Jun, 2026 05:22am

Taxes

Information provided by citizens: FTO urges FBR to set up a structured mechanism

ISLAMABAD: The Federal Tax Ombudsman (FTO) has recommended that the Federal Board of Revenue (FBR) establish a...

Published 04 Jun, 2026 05:22am

Industry

‘Pakistan, Türkiye need to capitalize on an immense untapped potential’

ISLAMABAD: Turkish Ambassador to Pakistan Dr Irfan Nezirogluhas emphasized the need for Pakistan and Türkiye to...

Published 04 Jun, 2026 05:22am

Industry

Sialkot exporters’ delegation visits LCCI

LAHORE: A delegation of exporters from Sialkot, led by Sheikh Zohaib Rafiq, former senior vice president Sialkot...

Published 04 Jun, 2026 05:22am

Business & Finance

Punjab to participate in ‘Canada Gateway Expo 2026’

LAHORE: Chief Executive Officer of World Trade Developers Incorporated, Rana Muhammad Tanveer, called on Punjab...

Published 04 Jun, 2026 05:22am

Pakistan

DISCOs, GENCOs: Senate body reviews sell-off plan progress

ISLAMABAD: The Senate Standing Committee on Privatisation met here on Wednesday under the chairmanship of Senator...

Published 04 Jun, 2026 05:22am

Companies

CCP allows PAFL’s acquisition of a plant of Pakistan Oxygen Ltd

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved Pak Arab Fertilisers Limited’s acquisition of...

Published 04 Jun, 2026 05:22am

Business & Finance

Bobi Deep-1 in Sindh: OGDC makes significant oil and gas discovery

ISLAMABAD: Oil and Gas Development Company Limited (OGDC), the country’s leading upstream energy company, has made a...

Published 04 Jun, 2026 05:22am

Business & Finance

TPAP demands curbs on FBR powers

ISLAMABAD: The Tax Payers Alliance of Pakistan (TPAP) has urged the government to bar the Federal Board of Revenue...

Published 04 Jun, 2026 05:22am

Energy

Oil prices rise on fragile Mideast peace hopes

LONDON: Oil prices rose on Wednesday, edging closer to USD100 a barrel while stocks fell as further attacks between...

Updated 04 Jun, 2026 07:49am

Business & Finance

Economists challenge 3.70pc GDP growth figure

ISLAMABAD: Leading economists have challenged the government’s provisional GDP growth estimate of 3.70 percent for...

Published 04 Jun, 2026 05:22am

Industry

Petroleum dealers issue 48-hour ultimatum

KARACHI: The petroleum dealers have given the government a 48-hour ultimatum over their demand for an increase in...

Updated 04 Jun, 2026 06:33am

Business & Finance

Consumer complaints: Leghari directs Discos to take errant SDOs & XENs to task

ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari has directed all electricity distribution...

Updated 04 Jun, 2026 06:04am

Business & Finance

Talks with business tycoons on budget: PM outlines plans to spur industry, create jobs

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday reaffirmed the government’s commitment to an export-led growth...

Updated 04 Jun, 2026 05:59am

Business & Finance

Cotton pledged with banks: APTMA flags lack of interim benchmark rate

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has raised concerns over the absence of an interim...

Updated 04 Jun, 2026 05:57am

Business & Finance

Attacks on cargo vehicles and disruptions to legal trade: Balochistan traders seek centre’s intervention

ISLAMABAD: Representatives of Balochistan’s business community, transporters, importers, exporters, mine owners,...

Published 04 Jun, 2026 05:22am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.61
USD PKR Interbank Buying / Jun 5	278.41
USD to Japanese Yen / Jun 5	160.29
USD to Swiss Franc / Jun 5	0.80
Pound Sterling to USD / Jun 5	1.33
Euro to USD / Jun 5	1.15
SOFR % / Jun 7	3.63

Stock	Volume
S&P 500 / Jun 5	7,383.74
India Sensex / Jun 5	74,243.34
Tokyo Nikkei / Jun 5	66,588.12
Nasdaq / Jun 5	25,709.43
Hang Seng / Jun 5	24,961.95
FTSE 100 / Jun 5	10,368.05
Dow Jones / Jun 5	50,866.78
Germany DAX 30 / Jun 5	24,759.05
France CAC40 / Jun 5	8,218.24

Item	Value
Crude Oil USD/Barrel / Jun 5	90.54
Gold 10 Grams PKR / Jun 5	401,012
Gold Spot USD/Ounce / Jun 5	4,328.45
Cotton US¢/pound / Jun 5	77.48
Petrol/Litre / Jun 7	377.78
Diesel/Litre / Jun 7	380.78

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	7.76 ▲ 1 (14.79%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.03 ▲ 0.97 (13.74%)
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.41 ▲ 1 (13.5%)
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	8.98 ▲ 1 (12.53%)
First Capital Equities / Jun 5 First Capital Equities Limited(FCEL)	5.30 ▲ 0.52 (10.88%)
Merit Packaging / Jun 5 Merit Packaging Limited(MERIT)	10.35 ▲ 1 (10.7%)
D.S. Ind. Ltd. / Jun 5 D.S. Industries Limited(DSIL)	11.19 ▲ 1.02 (10.03%)
Askari Life Assur. / Jun 5 Askari Life Assurance Company Limited(ALAC)	23.28 ▲ 2.12 (10.02%)
Waves Corporation / Jun 5 Waves Corporation Limited(WAVES)	10.98 ▲ 1 (10.02%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	66.80 ▼ -7.4 (-9.97%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.96 ▼ -2.48 (-7.64%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.17 ▼ -2.48 (-6.1%)
Bela Auto / Jun 5 Bela Automotives Limited(BELA)	55.85 ▼ -3.14 (-5.32%)
Tandlianwala Sugar / Jun 5 Tandlianwala Sugar Mills Limited(TSML)	385.55 ▼ -19.67 (-4.85%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
Dewan Textile / Jun 5 Dewan Textile Mills Limited(DWTM)	9.65 ▼ -0.48 (-4.74%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40.01 ▼ -1.99 (-4.74%)
Frontier Ceramics / Jun 5 Frontier Ceramics Limited(FRCL)	75.03 ▼ -3.61 (-4.59%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	42,057,629 ▲ 0.57
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,999,765 ▲ 0.49
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,811,517 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,493,657 ▼ -0.2
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,842,888 ▼ -0.01
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	22,157,441 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	18,104,460 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,319,572 ▲ 1
B.O.Punjab / Jun 5 The Bank of Punjab(BOP)	15,286,456 ▼ -0.46
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,013,265 ▼ -0.11

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