News Archives for Business & Finance - 2026-06-17

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Business & Finance - 2026-06-17

Currency

Pakistan's REER index surges to 92-month peak of 106.15

Rebasing would help REER to give a fair currency value, a research house says

Published 17 Jun, 2026 10:32pm

Business & Finance

Balochistan unveils Rs1089 billion budget for FY 2026-27

Allocates Rs206 billion for development, Rs797 billion for non-development expenditures

Updated 17 Jun, 2026 11:23pm

Markets

India's central bank not in favour of offshore settlement for sovereign bonds, sources say

RBI wants overseas investors to participate directly on the domestic Negotiated Dealing System-Order Matching (NDS-OM) platform

Published 17 Jun, 2026 07:50pm

Commodities

Gold price per tola gains Rs100 in Pakistan

Price of silver decreases by Rs6 to reach Rs7,503 per tola

Published 17 Jun, 2026 06:42pm

Money & Banking

Warsh-led Fed expected to leave interest rates unchanged

WASHINGTON: The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of the first...

Published 17 Jun, 2026 06:14pm

Markets

US awards $500 million to Nvidia-backed SandboxAQ for finding new chipmaking materials

SandboxAQ was valued at $5.75 billion in April 2025 and has raised more than $1 billion to date

Published 17 Jun, 2026 04:51pm

Energy

Indian jet fuel exports to Europe heading back to 2025 levels, data shows

Around 62,000 barrels per day of jet fuel have been imported by the EU

Published 17 Jun, 2026 04:32pm

Budgets

Sindh presents Rs3.56tn provincial budget for FY2026-27 amid opposition walkout

No new taxes have been imposed in budget, says CM Murad

Updated 17 Jun, 2026 09:39pm

Exchange

Rupee registers gain against US dollar

Settles at 278.27

Updated 17 Jun, 2026 09:20pm

Business & Finance

PMOS to play central role in executing National Digital Masterplan: minister

Federal Minister for Economic Affairs Ahad Cheema said on Wednesday that Prime Minister’s Office System (PMOS) would...

Published 17 Jun, 2026 04:00pm

Stocks

South Korean shares track losses in US tech; SK Hynix hits record high

The won was quoted at 1,512.9 per dollar on the onshore settlement platform, 0.30% lower than its previous close at 1,508.3

Published 17 Jun, 2026 01:31pm

Forex

Thai baht/US dollar steady on Wednesday

The baht was 0.06% lower at 32.53 versus the dollar, after trading in a range of 32.505 to 32.535

Published 17 Jun, 2026 01:28pm

Stocks

Japan's Nikkei rises as investors weigh Iran conflict outlook, Fed decision

The Nikkei recouped early losses to climb 0.6% to 69,823.80

Published 17 Jun, 2026 01:25pm

Forex

Australia, NZ dollars find falling oil prices to be a two-edged sword

The Aussie was flat at $0.7068, having ended little changed on Tuesday

Published 17 Jun, 2026 01:23pm

Technology

Pakistan’s IT exports surpass $4bn for first time

Sector records a robust year-on-year growth of 20 percent

Published 17 Jun, 2026 01:14pm

Energy

DISCOs roll out redesigned electricity bills across Pakistan

Distribution Companies (DISCOs) across Pakistan have introduced a redesigned electricity bill format, marking a...

Updated 17 Jun, 2026 02:37pm

Commodities

Soybeans rise for third session on Chinese buying hopes, upside limited

Wheat inched higher, while corn was largely unchanged

Published 17 Jun, 2026 12:16pm

Markets

China central bank plans offshore finance development in Shanghai

Shanghai will study the feasibility of setting up offshore banks and form a mature legal framework to support the sector by the end of 2030

Published 17 Jun, 2026 12:10pm

Markets

Thai industrial sentiment falls for the third straight month in May

The federation said its industrial sentiment index fell to 84.7 in May from 85.3 in the previous month

Published 17 Jun, 2026 12:08pm

Business & Finance

Senate panel recommends bringing exporters under Final Tax Regime

Exporters face severe challenges under the Normal Tax Regime, with Rs 400 billion in blocked refunds

Published 17 Jun, 2026 12:04pm

Forex

Yuan steady as investors eye first Fed meeting under Warsh

The yuan is up 3.5% this year, moving closer to the 6.7 level last seen in early 2023

Published 17 Jun, 2026 11:56am

Stocks

China stocks flat as AI gains offset consumer losses

Hong Kong benchmark Hang Seng was down 0.4%

Published 17 Jun, 2026 11:53am

Energy

UAE's Fujairah marine bunker sales hit record low in May

High-sulphur marine fuel sales dropped 15% over the same period to 31,601 cubic metres

Published 17 Jun, 2026 11:45am

Mutual Funds

Oil-led rally in India bonds runs into profit booking, Fed guidance awaited

The yield on the benchmark 6.94% 2036 note was at 6.8563% as of 10:30 a.m. IST, after closing at 6.8651% on Tuesday

Published 17 Jun, 2026 11:09am

Stocks

Volatility at bourse, KSE-100 settles nearly flat

Benchmark index settles at 180,511.02

Updated 17 Jun, 2026 06:31pm

Markets

Pakistan posts $459mn C/A surplus in May 2026

Surplus follows a deficit of $276 million recorded in April 2026

Updated 17 Jun, 2026 09:23pm

Forex

Indian rupee supported by oil slump, capped by Asian weakness in run-up to Fed

The Indian rupee is expected to open in the 94.50-94.55 range to the US dollar, per traders, having settled at 94.56 on Tuesday

Published 17 Jun, 2026 08:11am

Markets

Australia court bans former Star Entertainment CEO for six years, fines $495,000

Australia's Federal Court on Wednesday ‌banned former Star Entertainment CEO and managing director ⁠Matthias Bekier from managing corporations for six years

Published 17 Jun, 2026 07:47am

Stocks

Oil slides on Iran supply prospects as traders wait on Warsh

MSCI's broadest index of Asia-Pacific shares outside Japan fell about 0.3%

Published 17 Jun, 2026 07:41am

Stocks

Indian shares seen flat after 3-session rally on oil slide; Fed decision eyed

India's GIFT Nifty futures were trading at 24,005

Published 17 Jun, 2026 07:34am

Markets

Ambani's Jio set to file for India IPO within days, FT reports

Reliance Jio Infocomm could file ‌draft papers for its expected $4 billion IPO within days

Published 17 Jun, 2026 07:32am

Forex

Dollar on the defensive ahead of first Fed decision under Warsh

The New Zealand dollar edged slightly higher to $0.5833

Published 17 Jun, 2026 07:29am

Bullion Rate

Gold edges up as rate-hike fears ease; Fed rate decision in focus

Spot gold was up 0.4% at $4,348.93 per ounce

Published 17 Jun, 2026 07:24am

Energy

Oil rises 1% on US-Iran deal doubts; IEA warns of supply glut

Brent crude futures were up 89 cents, or around 1.1%, at $79.85 a barrel at 11:34 a.m. ET (1534 GMT)

Updated 17 Jun, 2026 09:07pm

Business & Finance

Karandaaz launches studies on E-invoicing, agri spot trading

KARACHI: Karandaaz Pakistan has launched two research studies focusing on e-invoicing and agricultural spot trading,...

Published 17 Jun, 2026 07:00am

Business & Finance

LCCI hails Punjab govt for presenting growth-oriented budget

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has appreciated the Punjab government for presenting a...

Published 17 Jun, 2026 06:58am

Pakistan

Railways to outsource five more trains

ISLAMABAD: Pakistan Railways (PR) on Tuesday announced the outsourcing of five more trains for Rs10.75 billion as...

Published 17 Jun, 2026 06:56am

Pakistan

Safety protocols boost: Govt set to amend Explosives Act

ISLAMABAD: The federal government is set to amend the Explosives Rules, 2010, in a move aimed at strengthening...