News Archives for Business & Finance - 2026-06-12

Business & Finance - 2026-06-12

South Asia

India willing to let fiscal deficit widen to 4.8% of GDP, Bloomberg News reports

Higher crude prices and supply disruptions following the closure of the Strait of Hormuz hit India

Published 12 Jun, 2026 06:30pm

Stocks

Sri Lankan shares log biggest gain in June, trim monthly losses

CSE All Share index settled up 1.73% at 21,637.43

Published 12 Jun, 2026 06:17pm

Stocks

UAE shares hit two-month high as hopes grow for Iran-US deal

Dubai’s main index recorded its best performance in over two months, rising 3.8% in broad-based gains

Published 12 Jun, 2026 06:01pm

Markets

India raises price cap on cancer drugs to tackle shortage

The ceiling rate for cisplatin rises to 10.89 rupees ($0.1144) per ml from 7.26 rupees

Published 12 Jun, 2026 06:01pm

Business & Finance

Access Finance Bill 2026-27 here

The 2026-27 budget is here. Finance Minister Aurangzeb's proposals are now detailed in the official Finance Bill, ready for your immediate review.

Published 12 Jun, 2026 05:55pm

Financial

Top Indian state lenders eye first dollar bonds since RBI subsidy, sources say

The state-run lenders are each targeting around $500 million

Published 12 Jun, 2026 05:29pm

Commodities

Copper rebounds on optimism over US-Iran peace deal

Benchmark three-month copper on the LME gained 1.6% to $13,704 a metric ton

Published 12 Jun, 2026 05:16pm

Stocks

Indian shares post best day in two months on Mideast peace hopes

Nifty jumped 1.99% to 23,622.90 points while the BSE Sensex rose 2.3% to 75,527.95

Published 12 Jun, 2026 05:01pm

Commodities

Palm snaps three-week winning streak as El Nino concerns weigh

Dalian’s most-active soyoil contract rose 0.04%

Published 12 Jun, 2026 04:53pm

Business & Finance

Budget 2026-27: key terms every Pakistani should know

As the government unveils its fiscal roadmap for the coming year, terms such as GDP, primary surplus, PSDP,...

Published 12 Jun, 2026 04:35pm

Forex

Indian rupee rallies as oil slump sparks unwinding of dollar longs

Indian rupee opened firmer at 95.32 per dollar

Published 12 Jun, 2026 04:30pm

Companies

BlackRock says oil, FX risks loom over India's bond inflow push

Foreign inflows into Indian debt have accelerated in the wake of steps

Published 12 Jun, 2026 04:20pm

Exchange

Rupee registers gain against US dollar

Settles at 278.32

Updated 12 Jun, 2026 04:47pm

Business & Finance

Myco Holdings invests in BuyPass to boost Pakistan's video commerce market

BuyPass offers live shopping and 3-hour quick commerce delivery

Published 12 Jun, 2026 04:17pm

Companies

India clears way for self-driving, safety car tech to reduce road deaths

The government waives licence requirements for radar sensors in the 77 GHz to 81 GHz frequency band

Published 12 Jun, 2026 03:58pm

Forex

Thai baht/US dollar steady on Friday

The baht was 0.03% lower at 32.82 versus the dollar, after trading in a range of 32.730 to 32.870

Published 12 Jun, 2026 03:10pm

Business & Finance

'Nation given utmost priority' in upcoming budget: PM Shehbaz

Pakistan's FY27 federal budget to be presented by Finance Minister Aurangzeb

Updated 12 Jun, 2026 04:25pm

Financial

Gold per tola gains Rs7,250 in Pakistan

Reaches Rs439,966

Published 12 Jun, 2026 02:48pm

Business & Finance

President Zardari approves PIA’s privatisation bill

With President Zardari's assent, all legal hurdles for the privatisation of PIA have now been cleared

Published 12 Jun, 2026 02:11pm

Stocks

European stocks rally as oil falls on hopes for US-Iran deal

The pan-European STOXX 600 index advanced 1.2% to 628.81 points

Published 12 Jun, 2026 01:40pm

Mutual Funds

India bonds set to rally as oil plunges on Mideast peace deal hopes

The yield on the benchmark 6.94% 2036 note is seen in the 6.88%-6.94% range, according to a private bank trader

Published 12 Jun, 2026 11:37am

Forex

Australia, NZ dollars off lows as markets cling to peace hopes

The Aussie held at $0.7045, after rallying almost 0.8% overnight from a trough of $0.6979

Published 12 Jun, 2026 11:32am

Stocks

South Korean shares jump 8% on Mideast peace hopes, set to end volatile week higher

The benchmark KOSPI was up 620.10 points, or 7.99%, at 8,384.05

Published 12 Jun, 2026 11:31am

Stocks

Australian shares climb to one-week high as easing US-Iran tensions lift sentiment

The S&P/ASX 200 index rose 1.8% to 8,789.10

Published 12 Jun, 2026 11:29am

Commodities

Copper rallies on easing oil, Middle East peace deal hopes

The benchmark three-month copper on the London Metal Exchange was up 1.64% at $13,704 a metric ton

Published 12 Jun, 2026 11:28am

Stocks

Japan's Nikkei jumps on renewed hopes for Middle East peace

The Nikkei was up 3.8% at 66,658.59

Published 12 Jun, 2026 11:27am

Commodities

Palm falls on weaker rival oils but poised for fourth weekly gain

Palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 8 ringgit, or 0.18%, to 4,543 ringgit

Published 12 Jun, 2026 11:24am

Commodities

Soybeans fall on favourable crop weather, ample global supplies

The most-active soybeans contract on the Chicago Board of Trade (CBOT) fell 0.1% to $11.13-1/2 a bushel

Published 12 Jun, 2026 11:23am

Markets

Malaysia's April industrial production up 8.2% y/y, above forecast

April's factory output had been forecast to expand 4%, according to economists surveyed

Published 12 Jun, 2026 11:20am

Stocks

Cement leads rally as KSE-100 settles with 2,700 points gain

Benchmark index settles at 172,399.90

Updated 12 Jun, 2026 04:50pm

Forex

China's yuan strengthens on growing prospects of US-Iran peace deal

The onshore yuan was 0.09% higher at 6.7656 to the dollar

Published 12 Jun, 2026 10:49am

Markets

TSMC boss frets about shortages of talent, water in Taiwan

'In that case, in the future I will no longer need to say that land, water or electricity may be in short supply,' Wei said.

Published 12 Jun, 2026 10:46am

Markets

ECB keeping its options open for July, Nagel says

'The Governing Council will be gathering for its next monetary policy meeting in July,' Nagel said in a statement

Published 12 Jun, 2026 10:43am

Stocks

Shanghai composite stock index set for first weekly gain in a month on Gulf ceasefire optimism

Hong Kong benchmark Hang Seng rose 2%

Published 12 Jun, 2026 10:36am

Business & Economy

Pakistan targets 4% GDP growth, inflation at 8.2% for FY27

Defence expenditure raised to Rs3 trillion for FY27
Rs1 trillion for federal PSDP

Updated 12 Jun, 2026 06:33pm

Forex

Rupee set to jump after oil sinks on Iran-US breakthrough hopes

The Indian rupee is expected to open in the 95.25 to 95.30 range to the dollar, per traders, after settling at 95.76 on Thursday

Published 12 Jun, 2026 07:52am

Stocks

Stocks extend rally on Gulf breakthrough hopes, oil near two-month lows

All eyes are on the ‌hotly-awaited market debut of Elon Musk's SpaceX, which has made history with the biggest-ever initial public offering

Published 12 Jun, 2026 07:37am

Business & Finance

Leghari invites Spanish companies to invest in power sector

ISLAMABAD: Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Leghari on Thursday invited Spanish...

Published 12 Jun, 2026 07:33am

Stocks

Indian shares set to open higher on weaker oil amid Mideast hopes

GIFT Nifty futures were trading at 23,483

Published 12 Jun, 2026 07:32am

Taxes

PRA’s collects over Rs33.7bn in May

LAHORE: The Punjab Revenue Authority has collected more than Rs33.7 billion in tax revenue during May 2026,...

Published 12 Jun, 2026 07:31am

Forex

Dollar steadies on ceasefire prospects, PPI eases pressure on Fed

The British pound was flat at $1.3414
Against the yen , the US currency was up 0.1% at 160.07 yen

Updated 12 Jun, 2026 02:49pm

Energy

Vessel carrying 73,000 MT of crude oil to arrive at KPT

KARACHI: A vessel, P Aliki, carrying 73,000 metric tons of crude oil, is set to arrive at Karachi Port Trust (KPT)...

Published 12 Jun, 2026 07:28am

Pakistan

Pakistan Railways: PM approves strategic roadmap for reforms

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday outlined an ambitious push to overhaul underperforming Pakistan...

Published 12 Jun, 2026 07:23am

Bullion Rate

Gold set for weekly loss on inflation, rate hike fears

Spot gold was down 0.3% at $4,200.82 ‌per ounce

Updated 12 Jun, 2026 02:48pm

Business & Finance

Marine bunkering: FBR to regulate customs processes at ports

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to regulate the customs processes for marine bunkering in...

Published 12 Jun, 2026 07:21am

Energy

Oil extends losses as Trump calls off planned strikes on Iran

Brent futures fell $1.21 or 1.3% to $89.17 a barrel

Updated 12 Jun, 2026 02:48pm

Agriculture and Allied

Agri sector misses 4.5pc growth target

ISLAMABAD: Pakistan’s agriculture sector has missed the growth target of 4.5 percent set for the outgoing financial...

Published 12 Jun, 2026 06:59am

Energy

‘29.7pc drop in LNG import volumes delays decisions on new terminals’

ISLAMABAD: A 29.7 percent drop in LNG import volumes has prompted prospective investors to delay decisions on...

Published 12 Jun, 2026 06:51am

Business & Finance

Public debt totals Rs83.285trn by March-end

ISLAMABAD: Pakistan’s total public debt amounted to Rs 83,285 billion by the end of March 2026, registering an...

Published 12 Jun, 2026 06:34am

Business & Finance

Net exports remain negative

ISLAMABAD: The Economic Survey 2025-26 has revealed that Pakistan’s net exports remained negative, underscoring the...

Published 12 Jun, 2026 06:32am

Money & Banking

Banking sector shows steady performance

KARACHI: The banking sector of Pakistan has demonstrated steady performance with key financial soundness indicators...

Published 12 Jun, 2026 06:30am

Energy

Uniform UoSC plan: Power regulator questions cross-subsidy component

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday raised serious questions over the...