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

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Business & Finance - 2026-06-06

Technology

Gul Ahmed venture QGDC announces $230mn investment to set up Pakistan’s largest data centre

The investment can go up to $600 million in three to four years, says the company

Updated 06 Jun, 2026 11:49pm

Energy

New oil & gas discoveries boost Pakistan’s energy reserves in 2025

Gas reserve life increased to 18 years, while oil reserve life improved to 11 year, says AHL

Published 06 Jun, 2026 02:32pm

Technology

Anthropic urges AI labs to pause development, warns humans risk losing control

AI's ability to complete tasks on its own has been doubling roughly every four months, says Anthropic

Published 06 Jun, 2026 02:08pm

Stocks

PSX new IPOs deliver 47% average return, boosting investor confidence

Pakistan’s capital market is showing strong momentum, with recent listings on the Pakistan Stock Exchange (PSX)...

Updated 06 Jun, 2026 04:02pm

Business & Finance

SECP takes action against 36 govt entities

Completes proceedings on 58 show-cause notices issued for failing to comply with statutory filing requirements

Published 06 Jun, 2026 12:05pm

Business & Finance

Pakistan signs MoU with Saudi, local partners for 140 acre Karachi waterfront development

Proposed project to be built on a 140‑acre KPT site on Karachi's MT Khan Road

Published 06 Jun, 2026 12:04pm

Industry

Govt urged to heed to FPCCI’s recommendations

KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has...

Published 06 Jun, 2026 07:50am

Taxes

Minister reviews PRA’s collection performance

LAHORE: Punjab Minister for Housing and Urban Development Bilal Yasin on Friday visited the headquarters of the...

Published 06 Jun, 2026 07:44am

Pakistan

Pakistan’s first OSS for clean energy launched

ISLAMABAD: Marking World Environment Day, TheNetwork for Consumer Protection, in collaboration with Consumers...

Published 06 Jun, 2026 07:38am

Industry

PCJCCI hails first coal-based fertilizer plant under CPEC

LAHORE: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has welcomed the establishment of...

Published 06 Jun, 2026 07:35am

Industry

Restoring FTR a win-win situation: KCCI

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI) Rehan Hanif has urged the government to...

Published 06 Jun, 2026 07:28am

Taxes

TAC demands tax burden ease for tobacco export

ISLAMABAD: Chairman of the Tobacco Action Committee (TAC) Khyber Pakhtunkhwa, Irshad Khan, Friday urged the federal...

Published 06 Jun, 2026 07:24am

Business & Finance

IT & Telecom projects likely to get Rs20bn in budget FY2026-27

ISLAMABAD: The Federal Government has proposed an allocation of Rs20 billion, including Rs8.24 billion in local...

Published 06 Jun, 2026 06:09am

Taxes

Govt to impose 1pc tax on retail sales up to Rs200m

ISLAMABAD: In a major pre-budget move aimed at broadening Pakistan’s narrow tax base, the government on Friday...

Published 06 Jun, 2026 06:09am

Business & Finance

US may issue country-specific sanction waivers for oil

WASHINGTON: US Treasury Secretary Scott Bessent said Thursday that the Trump administration could grant future...

Published 06 Jun, 2026 06:09am

Energy

Petrol price slashed by Rs4, HSD’s unchanged

ISLAMABAD: The federal government on Friday announced an Rs 4 per litre reduction in the ex-depot price of petrol,...

Published 06 Jun, 2026 06:09am

World

Russian economy has not collapsed: Putin

SAINT PETERSBURG: The Russian economy has not fallen apart, President Vladimir Putin said on Friday, dismissing...

Updated 06 Jun, 2026 06:43am

Industry

Pakistan Chemical Expo 2026 opens in Lahore

LAHORE: The two-day Pakistan Chemical Expo 2026 commenced in Lahore on Friday with a grand inauguration ceremony,...

Published 06 Jun, 2026 06:09am

Companies

Daraz, Alibaba urge govt to facilitate digital commerce

ISLAMABAD: As budget consultations for the fiscal year 2026-27 gather pace, leading e-commerce platforms, Daraz and...

Published 06 Jun, 2026 06:09am

Business & Finance

‘Go cashless’ drive during Eid-ul-Azha: Over Rs34bn transactions done via digital channels: SBP

KARACHI: The State Bank of Pakistan (SBP) had launched a nationwide “go cashless” campaign during Eid-ul-Azha 2026...

Published 06 Jun, 2026 06:09am

Business & Finance

SAPT given 7-day deadline on cargo damage, pilferage

KARACHI: The Collector of the Collectorate of Customs Appraisement has directed the South Asia Port Terminal (SAPT)...

Published 06 Jun, 2026 06:09am

Business & Finance

Tobacco export tax not applicable to growers: experts

ISLAMABAD: Amid concerns and misconceptions regarding the tax imposed on tobacco exports, tax experts have clarified...

Published 06 Jun, 2026 06:09am

Pakistan

Dar chairs meeting on Discos’ privatisation

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/ FM) Senator Mohammad Ishaq Dar chaired a meeting of the...

Published 06 Jun, 2026 06:09am

Companies

High-value crop farmers: Askari Bank and Verdora Ventures launch Rs250m support facility

KARACHI: Askari Bank and Verdora Ventures Pvt Ltd have formalised a Rs 250 million farmer financing facility under...

Published 06 Jun, 2026 06:09am

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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