News Archives for Business & Finance - 2026-06-11

<<>>

Business & Finance - 2026-06-11

Markets

Pakistan car sales jump 48% in July–May FY26

Car sales in Pakistan surged 48% in the first eleven months of FY2025-26, with industry experts attributing the...

Published 11 Jun, 2026 11:58pm

Stocks

Most Gulf markets dip amid fresh escalation in Middle East conflict

Saudi Arabia’s benchmark index reversed early losses to finish 0.3% higher

Published 11 Jun, 2026 08:08pm

Business & Finance

SBP-held forex reserves rise by $25mn to $17.22bn

Country's total foreign exchange reserves stand at $22.67 billion

Updated 11 Jun, 2026 08:45pm

Business & Finance

Economic Survey: Pakistan’s unemployment rose to 7.1%

Pakistan’s unemployment rate rose to 7.1% in 2024-25, up from 6.3% a year earlier, even as the country’s economy...

Published 11 Jun, 2026 08:00pm

South Asia

Bangladesh unveils $77 billion budget, eyes 6.5% growth

'The government aims to reduce inflation to 7.5% and raise GDP growth to 6.5% in the upcoming fiscal year,' Chowdhury says

Published 11 Jun, 2026 07:42pm

Financial

India sees $3bn debt fundraising rush as yields slump after RBI moves, bankers say

Corporate bond yields rise to their highest level in seven years in May

Published 11 Jun, 2026 06:50pm

Markets

Key highlights of Pakistan Economic Survey 2025-26

Pakistan government unveiled on Thursday the Economic Survey for the outgoing fiscal year 2025-26 (FY26), with the...

Published 11 Jun, 2026 06:49pm

Money & Banking

Pakistan's external debt rose $92.2bn in FY26, reveals Economic Survey

Outstanding debt from the International Monetary Fund (IMF) stands at $9.89 billion

Published 11 Jun, 2026 06:43pm

Financial

India bonds end higher as oil eases; focus shifts to debt sale, inflation

The yield on the benchmark 6.94% 2036 bond ended at 6.9240%

Published 11 Jun, 2026 06:17pm

Companies

Saudi Developer Umm Al Qura unveils SAR 50bn growth strategy, accelerates multi-city expansion across western Saudi Arabia

Umm Al Qura for Development & Construction Company has launched a sweeping new five-year growth strategy...

Published 11 Jun, 2026 06:04pm

Companies

India's SatSure bags $2.6 million grant to build AI-powered Earth observation models

SatSure says the grant helps support the development of large Earth observation models using satellites

Published 11 Jun, 2026 05:55pm

Stocks

Sri Lankan shares extend decline as broad losses weigh

CSE All Share index settled down 0.89% at 21,270.02

Published 11 Jun, 2026 05:33pm

Commodities

Asia rice: Indian rice export prices fall; Bangladesh proposes cutting rice tax

India’s 5% broken parboiled variety is quoted at $335–$340 per ton this week

Published 11 Jun, 2026 05:05pm

Companies

Reliance, Vedanta, Adani join India's drive to cut China rare earth dependence, sources say

Andhra Pradesh holds 211 million metric tons of beach sand mineral resources, including rare earths

Published 11 Jun, 2026 05:02pm

Commodities

Copper slips to three-week low on fund selling, worries about Middle East

Benchmark three-month copper on the LME was down 0.8% at $13,407 a metric ton

Published 11 Jun, 2026 04:41pm

Commodities

Palm climbs for second straight session on stronger rival oils

Dalian’s most-active soyoil contract rose 0.55%

Published 11 Jun, 2026 04:38pm

South Asia

India allows regulator to raise cancer drug prices to tackle shortage

Prices of the drugs, used to treat cancers of the lung, ovaries and gall bladder, are capped by the government

Published 11 Jun, 2026 04:18pm

Stocks

Indian shares close flat for second session on renewed Middle East escalation

Nifty 50 shed 0.23% to 23,161.6, while the BSE Sensex lost 0.2% to 73,832.55

Published 11 Jun, 2026 04:12pm

Forex

Indian rupee drops on dollar demand from oil cos, nearly erases RBI-led gains

Indian rupee opened lower at 95.52 per U.S. dollar

Published 11 Jun, 2026 04:10pm

Exchange

Rupee registers gain against US dollar

Settles at 278.35 against greenback

Updated 11 Jun, 2026 08:21pm

Money & Banking

SBP releases inaugural Research Agenda to guide policy, regulatory research

Says Research Agenda systematically organized around three strategic core themes

Published 11 Jun, 2026 03:42pm

Commodities

Gold price per tola drops by Rs9,720 in Pakistan

International rate of gold declines by $97 to reach $4,102 per ounce

Updated 11 Jun, 2026 08:30pm

Budgets

Economic Survey: Pakistan misses GDP growth target as IMF talks continue

Pakistan misses 4.2% GDP growth target, records 3.7% growth in FY26
Economic size rose to $452.1 billion, the largest-ever economic size recorded in Pakistan’s history

Updated 11 Jun, 2026 08:53pm

Stocks

European shares edge higher ahead of ECB rate verdict; Mideast tensions eyed

The pan-European STOXX 600 index edged 0.3% higher to 620.24 points

Published 11 Jun, 2026 01:36pm

Markets

World Bank says Indonesia's GDP to slow to 5% in 2026 as fiscal pressures rise

The forecast by the World Bank is lower than Indonesia’s growth projections of 5.4% to 6%

Published 11 Jun, 2026 01:27pm

Stocks

Major Gulf markets dip amid fresh escalation in US-Iran conflict

The United States and Iran traded airstrikes for a second straight day

Published 11 Jun, 2026 01:25pm

Markets

Ford to recall more than 548,000 US vehicles over defective center console

The ⁠issue relates to the console’s chrome plating, which may bubble and peel over time, potentially resulting in sharp edges

Published 11 Jun, 2026 01:17pm

Forex

South African rand gains as dollar wavers amid Middle East tensions

The rand traded at 16.5375 against the U.S. dollar , up 0.2% from its previous close

Published 11 Jun, 2026 12:45pm

Commodities

Copper falls as escalating Mideast conflict fuels slowdown concerns

The most-traded copper contract on the Shanghai Futures Exchange tumbled 1.5% to 102,910 yuan ($15,187.43) a ton

Published 11 Jun, 2026 11:56am

Stocks

China and Hong Kong stocks fall on tech losses, renewed Mideast tensions in focus

In Hong Kong, the benchmark Hang Seng Index fell 1.1%

Published 11 Jun, 2026 11:33am

Forex

China's yuan dips as seasonal FX demand picks up, Mideast tensions remain in focus

The onshore yuan traded at 6.7766 per dollar as of 0246 GMT, slightly weaker than the previous close of 6.7738

Published 11 Jun, 2026 11:30am

Business & Finance

Jam Kamal pledges to address tobacco industry concerns

Holds meeting with delegation Pakistan Tobacco Company

Published 11 Jun, 2026 11:25am

Stocks

Australian shares drop as US strikes on Iran, Hormuz closure spook investors

The S&P/ASX 200 index fell 0.8% to 8,583

Published 11 Jun, 2026 10:58am

Stocks

Japan's Nikkei slumps as chip selloff, geopolitical tensions dent risk appetite

The Nikkei was down 1.3% at 63,360.96

Published 11 Jun, 2026 10:52am

Forex

Australian dollar extends losing streak against kiwi, yen, euro

Australian dollar extended a long losing streak against the yen, kiwi and euro on Thursday

Published 11 Jun, 2026 10:49am

Forex

Thai baht/US dollar stronger on Thursday

The baht was 0.2% higher at 32.89 versus the dollar, after trading in a range of 32.890 to 32.990

Published 11 Jun, 2026 10:42am

Commodities

Chicago corn futures fall ahead of USDA monthly report

The most-active corn contract on the Chicago Board of Trade (CBOT) corn lost 0.1% to $4.18-1/2 a bushel by 0210

Published 11 Jun, 2026 10:39am

Mutual Funds

US-Iran war escalation set to drag India bonds lower

The yield on the benchmark 6.94% 2036 note may trade in the 6.92% to 6.98% range, a private bank trader said

Published 11 Jun, 2026 10:35am

Mutual Funds

JGB yields dip as investors digest US strikes on Iran

The five-year yield fell 0.5 bps to 1.93%, reversing an earlier 0.5 bps rise to 1.940%

Published 11 Jun, 2026 10:33am

Commodities

Palm rises on stronger rival oils, crude oil, soft ringgit

Palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 32 ringgit, or 0.71%, to 4,570 ringgit

Published 11 Jun, 2026 10:27am

Stocks

South Korean shares fall on Middle East conflict escalation

The benchmark KOSPI was down 141.39 points, or 1.83%, at 7,589.43

Published 11 Jun, 2026 10:25am

Forex

Indian rupee braces for weaker start after Iran–US tensions ignite fresh oil rally

The rupee is expected to open in the 95.35-95.40 per dollar range, traders said, having settled at 95.2650 on Wednesday

Published 11 Jun, 2026 10:23am

Stocks

KSE-100 ticks up after Economic Survey announcement

Closes at 169,703.60, up 276.16 points or 0.16%

Updated 11 Jun, 2026 05:44pm

Stocks

Indian shares may open lower on fresh Mideast escalation, US inflation

GIFT Nifty futures ⁠were trading at 23,069

Published 11 Jun, 2026 07:35am

Stocks

Shares retreat as techs extend losses, US strikes on Iran lift oil

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.9%

Published 11 Jun, 2026 07:26am

Energy

Oil gains after Trump says US will hit Iran 'very hard tonight'

Brent futures rose 46 cents, or 0.5%, to $93.56 a barrel

Updated 11 Jun, 2026 06:20pm

Bullion Rate

Gold hits over 6-month low on rate-hike concerns amid Mideast conflict

Spot gold was ‌down 0.2% at $4,063.87 per ounce

Published 11 Jun, 2026 07:13am

Forex

Dollar shaky as investors weigh rate outlook, Middle East worries

The dollar index , which measures the US ⁠currency against six major peers, eased to 99.903

Published 11 Jun, 2026 07:08am

Business & Finance

Leghari-led committee to finalise draft auto policy

ISLAMABAD: The Minister for Power, Sardar Awais Ahmad Khan Leghari, is heading an 11-member sub-committee tasked...

Published 11 Jun, 2026 06:42am

Pakistan

Nehal pledges support for export sector

KARACHI: Sindh Governor Syed Muhammad Nehal Hashmi on Wednesday pledged to advocate for the concerns of exporters at...

Published 11 Jun, 2026 06:31am

Companies

Hormuz block sparks ‘never seen before’ disruption: Shell CEO

LONDON: The blockade of the Strait of Hormuz has led to global energy disruptions “never seen before”, the chief...

Published 11 Jun, 2026 06:18am

Business & Finance

DPC doubles coverage for ‘all eligible depositors’

KARACHI: The Deposit Protection Corporation (DPC) has doubled the coverage for all eligible depositors of its member...

Published 11 Jun, 2026 06:03am

Business & Finance

‘User Experience of Digital Payment Services’: SBP launches nationwide survey

KARACHI: The State Bank of Pakistan (SBP) has launched a nationwide survey on “User Experience of Digital Payment...

Published 11 Jun, 2026 06:01am

Business & Finance

Federal Budget on 12th: Schehzad

ISLAMABAD: Finance Minister Muhammad Aurangzeb will present the federal budget for the 2026-27 fiscal year in the...

Published 11 Jun, 2026 05:58am

Business & Finance

Diesel engines for generators from US, Europe: New customs values set to check under-invoicing

ISLAMABAD: The Directorate General of Customs Valuation Karachi has introduced customs values on the import of...

Published 11 Jun, 2026 05:55am

Business & Finance

Jam, SPEC Refinery discuss Hub greenfield project progress

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan, on Wednesday held a meeting with a delegation of SPEC...

Published 11 Jun, 2026 05:52am

Pakistan

Agricultural tax: LHC rejects request to suspend notifications

LAHORE: The Lahore High Court on Wednesday turned down a request to suspend the impugned notifications about...

Published 11 Jun, 2026 05:50am

Taxes

FTS for small shopkeepers: PTBA raises legal, procedural concerns

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has formally written to Finance Minister Muhammad Aurangzeb,...

Published 11 Jun, 2026 05:48am

Industry

ABAD team, KDA chief discuss builders’ issues

KARACHI: Led by Chairman Muhammad Hassan Bakhshi, delegation of the Association of Builders and Developers of...