News Archives for Business & Finance - 2026-06-05

<<>>

Business & Finance - 2026-06-05

Money & Banking

India ramps up support for faltering rupee after holding fire on rates

The measures include scrapping capital gains tax for foreign holders of government bonds

Published 05 Jun, 2026 11:27pm

Perspectives

Transforming public safety in Pakistan through grassroots civic technology

In a rapidly developing world, urban safety and crisis communication remain critical challenges for emerging...

Published 05 Jun, 2026 11:27pm

Pakistan

Govt cuts petrol price by Rs4 per litre, keeps diesel's unchanged

New prices come into effect from June 6

Published 05 Jun, 2026 11:17pm

Business & Finance

ECC approves key grants, sectoral policy measures

Approved grants include Rs692.9mn for security arrangements undertaken during Islamabad Peace Talks

Published 05 Jun, 2026 10:55pm

Markets

Budget 2026-27: real estate sector seeks tax reforms to spur investment

Withholding tax under Section 236C should be reduced to improve market liquidity, ABAD chairman says

Published 05 Jun, 2026 09:14pm

Financial

Indian bonds rally after RBI rate pause, FX-boosting measures

RBI offered cheaper currency swaps for public-sector companies’ overseas loans

Published 05 Jun, 2026 07:55pm

Stocks

Sri Lankan shares extend losing streak to five sessions, logs weekly loss

CSE All Share index settled down 0.07% at 21,744.13

Published 05 Jun, 2026 07:16pm

Financial

India's ICICI Prudential AMC restricts subscription in gold ETF

Large inflows can be difficult for gold ETFs to absorb during periods of heavy demand

Published 05 Jun, 2026 07:15pm

Forex

India scraps capital gains tax on foreign investors in government debt to support Indian rupee

The decision aims to attract more stable foreign capital as the rupee weakens by over 5% this year

Published 05 Jun, 2026 07:00pm

South Asia

First tranche of US-India trade deal likely by mid-July, says India trade minister

'We had a full team of officials from different divisions of trade from the U.S. in Delhi,' Goyal says

Published 05 Jun, 2026 06:59pm

Stocks

UAE markets gain despite stalled US-Iran peace talks

Dubai's main share index rose 0.9%

Published 05 Jun, 2026 06:52pm

Business & Finance

Pakistan risks missing global supply chain shift without pro-export budget measures: PTC

Pakistan could miss a major opportunity to boost exports and attract global buyers relocating supply chains unless...

Published 05 Jun, 2026 06:43pm

Energy

Indian companies willing to deepen presence in Venezuela, India's oil minister says

New Delhi said on Thursday that Venezuela sees it as a preferred partner in the energy sector

Published 05 Jun, 2026 06:40pm

Forex

Indian rupee posts biggest daily gain in 2 months as RBI ramps up currency defence

Indian rupee gained 0.9% to end at 94.9450 per dollar

Published 05 Jun, 2026 06:20pm

Commodities

Fading hopes of a US-Iran peace deal push copper lower

Benchmark three-month copper on the LME was down 1.1% at $13,771.50 a metric ton

Published 05 Jun, 2026 06:10pm

Forex

India's measures to protect Indian rupee seen drawing about $40 billion, analysts say

New Delhi has exempted overseas investors and the BIS from capital gains tax on interest or gains from sale of government bonds

Published 05 Jun, 2026 06:00pm

Markets

Eid-ul-Azha 2026: SBP says Go Cashless campaign saw Rs34bn in digital transactions

Significant increase in both volume and value of digital transactions, central bank says

Published 05 Jun, 2026 05:45pm

Markets

Telenor considering sale of Pakistan’s Easypaisa: report

Telenor is working with Citigroup on the sale

Published 05 Jun, 2026 05:32pm

Stocks

Indian shares inch lower after RBI pause; log weekly losses on crude surge, outflows

RBI raises its inflation projection for the ongoing financial year to 5.1% from 4.6% and trims its GDP growth forecast to 6.6% from 6.9%

Published 05 Jun, 2026 05:30pm

Commodities

Palm extends losses but still posts third weekly gain

Dalian’s most-active soyoil contract fell 1.32%

Published 05 Jun, 2026 05:22pm

South Asia

India's GDP growth estimated at 7.8% in January-March

The government expects the South Asian economy to have grown by 7.7%,

Published 05 Jun, 2026 05:00pm

South Asia

India ramps up defence of faltering rupee after holding fire on rates

RBI’s rate panel votes unanimously to keep the policy repo rate unchanged at 5.25%

Published 05 Jun, 2026 04:56pm

Taxes

Pakistan launches fixed tax scheme for small retailers

Govt to impose 1% tax on annual retail sales up to Rs200mn

Updated 05 Jun, 2026 10:09pm

Exchange

Rupee records gain against US dollar

Settles at 278.41 against greenback

Updated 05 Jun, 2026 07:19pm

Companies

Best islamic prayer time tools of 2026 featuring QuranTime

As digital tools continue to shape how Muslims practice their faith, Islamic prayer time apps have become essential...

Updated 05 Jun, 2026 02:28pm

Commodities

Gold price per tola drops Rs1,469 in Pakistan

Silver price decreases by Rs67 to reach Rs7,730 per tola

Updated 05 Jun, 2026 06:59pm

Forex

Indian rupee rallies on RBI measures to draw inflows to help oil-hit currency

The RBI said it will restore the time for firms to remit export proceeds to nine months

Published 05 Jun, 2026 11:21am

Stocks

Japan's Nikkei eases further from record high as AI euphoria fades

The broader Topix edged 0.01% higher to 3,952.44

Published 05 Jun, 2026 11:03am

Forex

Australia, NZ dollars recoil as market mood darkens

The kiwi dollar slipped 0.2% to hover at $0.5852, faring even worse for the week with a loss of 2.3%

Published 05 Jun, 2026 10:57am

Stocks

Australian shares fall as miners, energy stocks drag

The S&P/ASX 200 index fell 0.4% to 8,645.20

Published 05 Jun, 2026 10:51am

Business & Finance

Maritime minister urges urgent action on Arabian Sea heat crisis

Says sustained sea temperatures in the Arabian Sea have exceeded the 90th percentile across over 30% of the region

Published 05 Jun, 2026 10:50am

Forex

Thai baht/US dollar weaker on Friday

The baht was 0.11% lower at 32.66 versus the dollar, after trading in a range of 32.650 to 32.750

Published 05 Jun, 2026 10:48am

Mutual Funds

Short-term JGB yields set for weekly gain as bets solidify for BOJ rate hike

The benchmark 10-year JGB yield fell 1 basis point (bp) to 2.660%

Published 05 Jun, 2026 10:46am

Commodities

Iron ore heads for fourth weekly loss as falling steel margins slow buying

The contract hit its lowest level since April 15 at 760.5 yuan earlier in the session

Published 05 Jun, 2026 10:41am

Mutual Funds

India bonds to see steady opening, all directions possible post policy

The yield on the benchmark 6.48% 2035 note may trade in the 6.97% to 7.01% range till the policy decision

Published 05 Jun, 2026 10:35am

Markets

Nvidia CEO sees robotics as next major sector in South Korea

He was talking to reporters after arriving at Gimpo airport in South Korea on a flight from Taiwan

Published 05 Jun, 2026 10:23am

Stocks

Volatile trading at bourse, KSE-100 sheds nearly 700 points

Benchmark index settles at 170,478.94

Updated 05 Jun, 2026 06:26pm

Stocks

Indian shares set for firmer open ahead of high-stakes RBI stance

GIFT Nifty futures were at 23,533.50

Published 05 Jun, 2026 07:35am

Stocks

Stocks drop as AI rally pauses, US-Iran peace talks stall

All that left MSCI’s broadest index of Asia-Pacific shares outside Japan down 1.6% in early Asia trade

Published 05 Jun, 2026 07:33am

Forex

Yen hits key 160 level for third session, dollar buoyed by Gulf woes

The yen is now set for the fourth straight week of decline, a streak not seen since February, ⁠mostly wiping out the gains driven by intervention over the past month at a cost of $73 billion

Published 05 Jun, 2026 07:30am

Bullion Rate

Gold slips, set for weekly loss on Mideast tensions, rate-hike fears

Spot gold was down ‌0.3% to $4,462.22 per ounce

Published 05 Jun, 2026 07:26am

Energy

Oil prices fall after Oman says Mina al Fahal operations proceeding normally

Brent crude futures were down 84 cents, or 0.9%, at $94.19 a barrel

Updated 05 Jun, 2026 06:42pm

Pakistan

5th, 6th tranches of fuel subsidy scheme to be disbursed this month

ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar chaired a meeting on Thursday to...

Published 05 Jun, 2026 06:47am

Business & Finance

Exports key to revival of economy: Mian Zahid

KARACHI: Mian Zahid Hussain, President of the Pakistan Businessmen and Intellectuals Forum (PBIF), President of the...

Published 05 Jun, 2026 06:41am

Industry

FPCCI calls for women’s economic inclusion in decisions

LAHORE: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh, and...

Published 05 Jun, 2026 06:39am

Taxes

GST: gradual transition to single-digit taxation envisaged

KARACHI: In its pre-budget proposals, the Pakistan Chemicals & Dyes Association (PCDMA)has urged the Federal...

Published 05 Jun, 2026 06:36am

Pakistan

Apna Ghar Programme: Meezan Bank surpasses Rs1bn disbursements

KARACHI: Meezan Bank’s easy home finance has achieved a significant milestone under the Prime Minister’s Apna Ghar...

Published 05 Jun, 2026 06:30am

Business & Finance

Reduction in govt sector expenditure sought

KARACHI: The Pakistan Business Forum (PBF) has urged the government to reduce government sector expenditure by up to...

Published 05 Jun, 2026 06:19am

Agriculture and Allied

Rs7.1bn Agri Storage Programme Financing Facility launched

KARACHI: A landmark PKR 7.1 billion social impact financing facility aimed at strengthening Pakistan’s critical...

Published 05 Jun, 2026 06:16am

Industry

Wide scope in medical devices manufacturing seen

KARACHI: Atif Farooqi, Advisor and Chief Operating Officer of the Pakistan Romania Business Council (PRBC), and...

Published 05 Jun, 2026 06:14am

Taxes

One-page tax return sought

FAISALABAD: Former President Faisalabad Chamber of Commerce and Industry Rehan Naseem Bharara has demanded from the...

Published 05 Jun, 2026 05:48am

Business & Finance

Kremlin says Europe needs Russian oil and gas to ‘survive’

SAINT PETERSBURG: The Kremlin’s economic envoy told AFP on Thursday that Europe needed Russian oil and gas to...

Published 05 Jun, 2026 05:48am

Technology

SpaceX seeks record USD75bn in stock market debut

WASHINGTON: SpaceX, the rockets-to-AI behemoth led by Elon Musk, aims to raise USD75 billion in the biggest initial...

Published 05 Jun, 2026 05:48am

Business & Finance

Budget must prioritise exports, broaden tax base: BMPP

KARACHI: Chairman Businessmen Panel Progressive (BMPP) and Senior Vice President of the Federation of Pakistan...

Published 05 Jun, 2026 05:48am

Business & Finance

PHMA seeks partnership with ‘Dubai International Chamber’

KARACHI: The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has sought a formal partnership with...

Published 05 Jun, 2026 05:48am

Business & Finance

Budget 2026-27: FABATI urges govt to announce special package

KARACHI: Federal B. Area Association of Trade & Industry (FABATI) has urged the government to announce a special...

Updated 05 Jun, 2026 07:13am

Business & Finance

Govt urged to boost SME sector

KARACHI: The Small and Medium Enterprises Development Authority (SMEDA) has urged the federal government to...

Published 05 Jun, 2026 05:48am

Pakistan

Punjab enters era of agricultural mechanisation

LAHORE: Punjab has entered an era of agricultural mechanisation owing to the initiatives undertaken by Chief...

Published 05 Jun, 2026 05:48am

Business & Finance

APTMA urges sweeping ST reforms in FY27 budget

LAHORE: The All Pakistan Textile Mills Association (APTMA) has submitted 20 detailed budget proposals to the federal...

Published 05 Jun, 2026 05:48am

Energy

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

HOUSTON: Oil prices slipped around 3 percent on Thursday on investor hopes for an end to the US-Israeli war with...

Published 05 Jun, 2026 05:48am

Pakistan

Punjab facilitates Yara fertilizer items’ supply to farmers

LAHORE: The Punjab government is working to facilitate the introduction of Yara International’s high-quality...

Published 05 Jun, 2026 05:48am

Business & Finance

Cigarette sector: Crackdown could generate extra Rs40bn, PM told

ISLAMABAD: Prime Minister Shehbaz Sharif was told on Thursday that a crackdown on the country’s cigarette sector...

Published 05 Jun, 2026 05:48am

Business & Finance

18pc ST to be imposed on stationery items

ISLAMABAD: The government has decided to impose 18 percent sales tax on stationery items through Finance Bill 2026....

Published 05 Jun, 2026 05:48am

Business & Finance

Budget on 10th: Schehzad

ISLAMABAD: The government has announced that it will present the federal budget for fiscal year 2026–27 on June 10...

Published 05 Jun, 2026 05:48am

Energy

OCAC concerned over inventory gains review, cross-subsidy plans

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has raised serious concerns over reported government plans to...

Published 05 Jun, 2026 05:48am

Business & Finance

Forex reserves down USD10.5m

KARACHI: The country’s total liquid foreign exchange reserves declined by USD 10.5 million during the past week....

Published 05 Jun, 2026 05:48am

Energy

Iranian oil leaves Gulf despite US blockade

PARIS: Four Iranian-flagged oil tankers passed through the Strait of Hormuz on Monday, a first since April 15 and...

Published 05 Jun, 2026 05:48am

Business & Finance

B2B ties to deepen, Saudi team assures PM

ISLAMABAD: A high-level Saudi trade delegation on Thursday expressed a strong desire from both the Saudi government...

Published 05 Jun, 2026 05:48am

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

Most Popular