News Archives for Business & Finance - 2026-06-10

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Business & Finance - 2026-06-10

Currency

Indian central bank likely intervenes to support rupee, conducts swaps, traders say

The Reserve Bank of India also likely paired its spot dollar sales with dollar-rupee buy/sell swaps for maturities over 1 year

Published 10 Jun, 2026 09:28pm

Financial

India bonds snap four-day rally on US-Iran war risks

The yield on the benchmark 6.94% 2036 note settled at 6.9431%

Published 10 Jun, 2026 07:45pm

Business & Finance

Budget FY27 to be presented on June 12, says advisor to finance minister

Economic Survey will be presented on June 11

Published 10 Jun, 2026 07:27pm

Commodities

Indian gold falls below pre-duty-hike levels as overseas prices drop

The price correction could boost gold demand in the world’s second-biggest consumer of the precious metal and lead to higher imports

Published 10 Jun, 2026 07:15pm

Stocks

Gulf markets mixed after renewed US-Iran hostilities

Saudi Arabia’s benchmark index fell 0.9%

Published 10 Jun, 2026 07:08pm

Stocks

Sri Lankan shares close lower on broad-based losses

CSE All Share index settled down 0.40% at 21,461.47

Published 10 Jun, 2026 06:46pm

Markets

India's markets regulator proposes consolidated disclosure of executive pay at asset managers

SEBI says the proposed approach gives investors in the funds of AMCs a broader view of senior management compensation

Published 10 Jun, 2026 06:45pm

Companies

Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14

The US entertainment giant sought EU approval under its Foreign Subsidies Regulation, which targets unfair foreign state aid

Published 10 Jun, 2026 06:43pm

Financial

India bond-tax moves to catalyse foreign debt inflows, bolster bid for global index inclusion

Policymakers unveil a wide-ranging set of measures to draw in overseas capital while shoring up the currency and external balances

Published 10 Jun, 2026 06:15pm

Stocks

Indian equity benchmarks steady, rise in financials counters Mideast flare-up

Nifty 50 fell 0.12% to end at 23,214.95, while the Sensex gained 0.09% to 73,983.18

Published 10 Jun, 2026 05:59pm

Financial

Iran war drags India MF equity flows to annual low; gold ETFs see record outflows

Flows into equity mutual fund dived 40% month-on-month to 229.08 billion Indian rupees in May

Published 10 Jun, 2026 05:37pm

Forex

Indian rupee ends nearly flat on competing oil, intervention and NDF maturity cues

Indian rupee closed at 95.2650 per dollar

Published 10 Jun, 2026 05:15pm

Commodities

Copper hits three-week low as Middle East hostilities weigh

Benchmark three-month copper on the LME was down 1.2% to $13,457 a metric ton

Published 10 Jun, 2026 04:49pm

Commodities

Palm inches higher on stronger exports, lower output

Dalian’s most-active soyoil contract fell 0.05%

Published 10 Jun, 2026 04:46pm

Financial

Short-end Indian debt gains as RBI dollar measures spur buying

The subsidy covers non-resident deposits with maturities of three to five years raised until September 30

Published 10 Jun, 2026 04:35pm

South Asia

India rejects US charge of surplus capacity in textiles, steel

Its textile and steel output is assessed against the size of its population, domestic demand, and growth needs, Kumar says

Published 10 Jun, 2026 04:31pm

Exchange

Rupee registers gain against US dollar

Settles at 278.36

Updated 10 Jun, 2026 08:32pm

Commodities

Gold price drops by Rs12,627 per tola in Pakistan

International rate of gold declines by $126 to reach $4,200 per ounce

Published 10 Jun, 2026 01:40pm

Forex

Thai baht/US dollar weaker on Wednesday

The baht was 0.24% lower at 32.97 versus the dollar, after trading in a range of 32.910 to 33.010

Published 10 Jun, 2026 01:39pm

Commodities

Palm falls on weaker Dalian; soft ringgit, firm crude cap losses

Palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 23 ringgit, or 0.51%, to 4,505 ringgit

Published 10 Jun, 2026 01:37pm

Mutual Funds

India bonds set to rise; oil, US inflation data eyed

The yield on the benchmark 6.94% 2036 note may trade in the 6.90% to 6.95% range, a private bank trader said. It closed at 6.9163% on Tuesday

Published 10 Jun, 2026 01:34pm

Business & Finance

Govt extends austerity measures until June 30, grocery store hours to 10pm

Friday consular services approved

Published 10 Jun, 2026 01:08pm

Stocks

Japan's Nikkei slides as Gulf tensions prompt shift out of high-flying tech stocks

The benchmark Nikkei 225 Index sank 1.89% to close at 64,179.27

Published 10 Jun, 2026 01:07pm

Commodities

Chicago soybean futures gain on higher oil prices

The most-active soybean contract on the Chicago Board of Trade (CBOT) rose 0.3% to $11.16-3/4 a bushel

Published 10 Jun, 2026 01:03pm

Stocks

Australian shares rebound as banks and consumer stocks rally

The benchmark S&P/ASX 200 index rose 0.6% to 8,653.30 points after three straight sessions of losses

Published 10 Jun, 2026 12:53pm

Budgets

Pakistan must introduce incentives to transform economy, PM Shehbaz tells NEC

Strengthening defence remains Pakistan's biggest challenge, says PM

Updated 10 Jun, 2026 03:52pm

Stocks

South Korean shares fall more than 4% on renewed US-Iran tensions

The benchmark KOSPI closed down 366.11 points, or 4.52%, at 7,730.82

Published 10 Jun, 2026 12:49pm

Markets

Truckmaker Volvo says demand stable at good levels in Europe

Volvo Group said on Wednesday that customer demand and deliveries in Europe were stable at good levels across the business while in North America

Published 10 Jun, 2026 12:36pm

Stocks

European shares steady as investors cling to Mideast peace hopes

The pan-European STOXX 600 index edged 0.1% higher to 619.88 points by 0710 GMT, with most sectors marginally higher

Published 10 Jun, 2026 12:32pm

Markets

Honda America recalls more than 880,000 vehicles over rear suspension components failure

*The recall includes certain Honda Pilot, Ridgeline, Passport, Acura MDX vehicles, the NHTSA said

Published 10 Jun, 2026 12:28pm

Markets

Meta ties up with Ambani's Reliance for AI data center in India

Meta said India’s massive user base and fast-growing digital economy make it an ideal place to invest

Published 10 Jun, 2026 12:22pm

Markets

China's domestic car demand under pressure, association exec says

China's total vehicle sales dropped 2.1% ‌in ⁠May from a year earlier, while sales at home slid 20.4% year on year, CAAM data showed ⁠on Wednesday

Published 10 Jun, 2026 12:15pm

Forex

South African rand steady with Iran war, US inflation data in focus

The rand traded at 16.51 against the U.S. dollar , little changed from its previous close

Published 10 Jun, 2026 12:12pm

Markets

Sanofi ends Phase 3 riliprubart trial after weak interim results

An independent data monitoring committee found no ‌safety ⁠issues related to the drug during the interim analysi

Published 10 Jun, 2026 12:09pm

Energy

Cherat Packaging commissions 2.7MW solar power plant at Khyber Pakhtunkhwa

Says plant will contribute towards cost savings

Published 10 Jun, 2026 11:10am

Money & Banking

Pakistan registers $4.3bn in remittances for May 2026

During Jul-May FY26, remittances clock in at $38.1bn
This is the “highest-ever monthly remittance inflow in Pakistan's history”, says Schehzad

Updated 10 Jun, 2026 03:13pm

Energy

$4.5bn greenfield refinery project planned in Balochistan

Groundwork for the project has already commenced, and future implementation strategies are currently being finalised

Updated 10 Jun, 2026 11:20am

Stocks

KSE-100 sheds over 900 points amid Middle East tensions

Benchmark index settles at 169,427.44

Updated 10 Jun, 2026 04:56pm

Markets

Hyundai India says Chennai plant to resume normal production by June 22

The Mobis facility supplies audio components and few other automotive parts to Hyundai India

Published 10 Jun, 2026 10:01am

Perspectives

Pakistan’s IT sector: a billion dollars, and still off the map

Sometime this year, Pakistan’s freelancers will earn their first billion dollars. In the ten months to April they...

Published 10 Jun, 2026 10:00am

Markets

BYD chairman says firm will be world's biggest automaker in 5 years as shares slide

BYD’s exports between January and May grew 65% from a year earlier, with Brazil

Published 10 Jun, 2026 09:19am

Bullion Rate

Gold drops as oil and dollar rise on renewed US-Iran hostilities

Spot gold lost 1.8% to $4,187.59 per ounce

Published 10 Jun, 2026 09:15am

Commodities

Copper edges down as macro concerns weigh on tariff support

The most-traded copper contract on the Shanghai Futures Exchange was down 0.38% to 104,010 yuan ($15,354.52) a ton

Published 10 Jun, 2026 09:10am

Stocks

Asian stocks slide, oil gains as Middle East tensions escalate

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.6%

Published 10 Jun, 2026 09:08am

Forex

Dollar steadies following US strikes on Iran and ahead of inflation data

The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, edged up 0.01% to 100.02

Published 10 Jun, 2026 09:00am

Stocks

Indian shares muted as rising Mideast tensions weigh

The benchmark Nifty 50 fell 0.04% at 23,233.95

Published 10 Jun, 2026 08:56am

Forex

Indian rupee likely to dip on weak risk, outflows; Middle East tensions flare

The ‌Indian rupee is expected to open in the 95.40 to 95.44 per dollar range, per traders

Published 10 Jun, 2026 08:53am

Energy

Oil prices rise after Trump says Iran must pay price

Brent futures were up $1.32, or 1.44%, at $92.77 a barrel

Updated 10 Jun, 2026 06:17pm

Energy

Fifth Qatari-controlled LNG tanker exits Hormuz

SINGAPORE: A fifth Qatari liquefied natural gas tanker has transited the Strait of Hormuz with a cargo,...

Published 10 Jun, 2026 06:24am

Pakistan

Plea challenging capacity payment mechanism for IPPs dismissed

LAHORE: The Lahore High Court (LHC) has dismissed a constitutional petition challenging the capacity payment...

Published 10 Jun, 2026 06:22am

Business & Finance

Pakistan plans to join north-south transport corridor: Leghari

ISLAMABAD: Federal Minister for Energy, Sardar Awais Ahmed Khan Leghari has highlighted the expansion of bilateral...

Published 10 Jun, 2026 06:11am

Business & Finance

Maritime stability key to blue economy growth: PCJCCI

LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) Commercial Ambassador Adeel Munawar stated...

Published 10 Jun, 2026 05:53am

Business & Finance

Aaj News’ Sidra Iqbal addresses GIES on future of capital and value creation

ISTANBUL: Aaj News journalist and broadcaster Sidra Iqbal participated as an invited speaker at the 3rd Global...

Published 10 Jun, 2026 05:53am

Business & Finance

KBP demands five-year ‘National Agricultural Policy’

LAHORE: The Kissan Board Pakistan (KBP) has called for the announcement of a five-year National Agricultural Policy...

Published 10 Jun, 2026 05:53am

Business & Finance

Pakistan, Germany see untapped trade potential

LAHORE: German Ambassador to Pakistan Ina Lepel has said that Pakistan and Germany share long-standing friendly and...

Published 10 Jun, 2026 05:53am

Business & Finance

Punjab CM allows purchase of 1m tonnes of wheat from PASSCO

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has approved the purchase of wheat from PASSCO, to ensure...

Published 10 Jun, 2026 05:53am

Business & Finance

Only 55-60pc ST taxpayers file returns

ISLAMABAD: Pakistani tax experts said that, based on the historical trend, only 55 to 60 percent of the country’s...

Published 10 Jun, 2026 05:53am

Energy

Oil prices fall to seven-week low

NEW YORK: Oil prices fell about 3 percent to a seven-week low on Tuesday after Iran and Israel said they had halted...

Published 10 Jun, 2026 05:53am

Business & Finance

Stakeholders for more equitable, transparent tax structure

LAHORE: A majority of participants at the Business Recorder Forum on challenges facing Pakistan’s textile sector...

Updated 10 Jun, 2026 07:58am

Business & Finance

Aleem urges Saudi investors to invest in key transport networks

ISLAMABAD: Federal Minister Abdul Aleem Khan has urged the Saudi investors to invest in Pakistan’s rapidly expanding...

Published 10 Jun, 2026 05:53am

Business & Finance

Budget proposals: PBF asks KP govt to focus on industrialisation

PESHAWAR: Chairman, Pakistan Business Forum (PBF) Khyber Pakhtunkhwa chapter, Ashfaq Paracha has urged the...

Published 10 Jun, 2026 05:53am

Pakistan

Call for ‘farmer compensation, accountability framework’

LAHORE: Amid growing concerns among maize growers over the performance of certain hybrid seed varieties,...

Published 10 Jun, 2026 05:53am

Business & Finance

Deceptive marketing: CCP recovers Rs30m from leading FMCG

ISLAMABAD: The Competition Commission of Pakistan (CCP) has recovered Rs30 million from a leading multinational...

Published 10 Jun, 2026 05:53am

Technology

Pakistani consumers turning to AI to enhance shopping experience: report

KARACHI: Pakistani consumers are increasingly turning to artificial intelligence to enhance their shopping...

Updated 10 Jun, 2026 07:46am

Business & Finance

FBR gives July 8 deadline to tax officials

ISLAMABAD: The Federal Board of Revenue (FBR) has given a deadline of July 8, 2026 to all tax officials to submit...

Published 10 Jun, 2026 05:53am

Business & Finance

65 consignments arriving from Iran abandoned by traders

ISLAMABAD: Around 65 consignments arriving from Iran were abandoned by the concerned traders after entry into...

Published 10 Jun, 2026 05:53am

Business & Finance

New tax policy must not ignore small businesses: Memon

HYDERABAD: The President of the Hyderabad Chamber of Small Traders and Small Industry, Muhammad Saleem Memon, while...

Published 10 Jun, 2026 05:53am

Business & Finance

Traders demand withdrawal of taxes in former Fata, Pata areas

PESHAWAR: Representatives of chambers of commerce and trader organisations from Malakand Division and the merged...

Published 10 Jun, 2026 05:53am

Business & Finance

‘UBG patron-in-chief united business community’

KARACHI: Gulzar Feroz, central spokesperson for the United Business Group (UBG), has said that the UBG...

Published 10 Jun, 2026 05:53am

Business & Finance

PRAL front desk set up at Karachi LTO

KARACHI: The Federal Board of Revenue (FBR) has established a PRAL Front Desk at the Large Taxpayers Office (LTO) in...

Published 10 Jun, 2026 05:53am

Industry

PSMA urges govt to resolve issues of soap industry

KARACHI: Vice Chairman of the Pakistan Soap Manufacturers Association (PSMA), Tariq Zakaria has urged the government...

Published 10 Jun, 2026 05:53am

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 29	163.55
USD to Swiss Franc / Jul 29	0.82
Pound Sterling to USD / Jul 29	1.33
Euro to USD / Jul 29	1.14
SOFR % / Jul 28	3.64

Stock	Volume
S&P 500 / Jul 28	7,428.78
Nasdaq / Jul 28	24,876.91
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
India Sensex / Jul 29	77,603.30
Tokyo Nikkei / Jul 29	61,689.86
Hang Seng / Jul 29	25,684.44

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 28	18,480
Gold 10 Grams PKR / Jul 28	366,457
Petrol/Litre / Jul 29	335.81
Crude Oil USD/Barrel / Jul 29	82.20
Gold Spot USD/Ounce / Jul 29	4,042.26
Diesel/Litre / Jul 29	388.38
Cotton US¢/pound / Jul 29	80.52

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / Jul 29 First Al-Noor Modaraba(FANM)	7.96 ▲ 0.76 (10.56%)
Reliance Ins. / Jul 29 Reliance Insurance Company Limited(RICL)	13.37 ▲ 1.22 (10.04%)
786 Invest Ltd / Jul 29 786 Investments Limited(786)	25.80 ▲ 2.35 (10.02%)
Trust Mod. / Jul 29 Trust Modaraba(TRSM)	19.99 ▲ 1.82 (10.02%)
Aisha Steel(ConPS) / Jul 29 Aisha Steel(ConPS)(ASLPS)	32.20 ▲ 2.93 (10.01%)
Prosperity Weav / Jul 29 Prosperity Weaving Mills Limited(PRWM)	68.05 ▲ 6.19 (10.01%)
Ruby Textile / Jul 29 Ruby Textile Mills Limited(RUBY)	18.25 ▲ 1.66 (10.01%)
Dadabhoy Cement / Jul 29 Dadabhoy Cement Industries Limited(DBCI)	25.19 ▲ 2.29 (10%)
Ellcot Spinning / Jul 29 Ellcot Spinning Mills Limited(ELSM)	161.39 ▲ 14.67 (10%)
Olympia Mills / Jul 29 Olympia Mills Limited(OML)	154.37 ▲ 14.03 (10%)

Stock	Price
Khairpur Sug. / Jul 29 Khairpur Sugar Mills Limited(KPUS)	1,203.44 ▼ -133.71 (-10%)
National Silk / Jul 29 The National Silk & Rayon Mills Limited(NSRM)	274.01 ▼ -30.09 (-9.89%)
Pak Engineering / Jul 29 Pakistan Engineering Company Limited(PECO)	704 ▼ -46 (-6.13%)
JS Investments / Jul 29 JS Investments Limited(JSIL)	43.05 ▼ -2.78 (-6.07%)
Jubilee Spinning / Jul 29 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	50.11 ▼ -3.17 (-5.95%)
AN Textile Mills / Jul 29 AN Textile Mills Limited(ANTM)	52.72 ▼ -3.28 (-5.86%)
Mughal Iron & Steel(C) / Jul 29 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	61.20 ▼ -3.8 (-5.85%)
PIA Holding Co.B / Jul 29 PIA Holding Company Limited B(PIAHCLB)	17,120 ▼ -1050 (-5.78%)
Pak Agro Pack. (GEM) / Jul 29 Pak Agro Packaging Limited (GEM)(GEMPAPL)	11.25 ▼ -0.5 (-4.26%)
Maqbool Textile / Jul 29 Maqbool Textile Mills Limited(MQTM)	31.90 ▼ -1.36 (-4.09%)

Stock	Volume
Cnergyico PK / Jul 29 Cnergyico PK Limited(CNERGY)	42,979,317 ▲ 0.01
WorldCall Telecom / Jul 29 Worldcall Telecom Limited(WTL)	34,343,180 ▼ -0.01
Trust Sec.& Brok. / Jul 29 Trust Securities & Brokerage Limited(TSBL)	28,984,873 ▲ 0.03
Siddiqsons Tin / Jul 29 Siddiqsons Tin Plate Limited(STPL)	22,137,158 ▲ 0.46
TPL Properties / Jul 29 TPL Properties Limited(TPLP)	15,830,283 ▲ 0.03
Samba Bank / Jul 29 Samba Bank Limited(SBL)	15,338,257 ▲ 0.82
Pak Refinery / Jul 29 Pakistan Refinery Limited(PRL)	13,153,427 ▼ -1.15
Maple Leaf Cement / Jul 29 Maple Leaf Cement Factory Limited(MLCF)	11,462,242 ▼ -1.56
At-Tahur Ltd. / Jul 29 At-Tahur Limited(PREMA)	8,343,487 ▲ 1.72
TPL Corp Ltd / Jul 29 TPL Corp Limited(TPL)	7,926,980 ▼ -0.22

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