News Archives for Business & Finance - 2026-07-01

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Business & Finance - 2026-07-01

Business & Finance

SECP allows asset managers to launch ESG-focused mutual funds

Commission launches country’s first ESG Mutual Funds Framework

Published 01 Jul, 2026 08:06pm

Money & Banking

India central bank chief sees case for lower inflation target in long run

Says does not expect the inflation target to be raised in the foreseeable future

Published 01 Jul, 2026 08:06pm

Markets

India's Hero MotoCorp to invest over $336 million in Andhra Pradesh

The investment will increase the annual production capacity at Hero’s plant in Tirupati to 1.2–1.5 million units.

Published 01 Jul, 2026 07:17pm

Companies

Lucky Cement boosts Karachi plant capacity, enhances total capacity to 15.6mn tons

Lucky Cement, Pakistan’s largest cement manufacturer, has increased its annual cement production capacity to 15.6...

Published 01 Jul, 2026 04:29pm

Commodities

Japan rubber futures fall on expectations of higher supplies

OSE rubber contract for December delivery was down 1.2 yen, or 0.29%

Published 01 Jul, 2026 02:56pm

Stocks

Major Gulf markets gain despite caution over Iran-US negotiations

Saudi Arabia’s benchmark index gained 0.5%

Published 01 Jul, 2026 02:48pm

Stocks

European shares pause after rally, doubts linger over Iran peace deal

The pan-European STOXX 600 index slipped 0.1% to 640.79 points

Published 01 Jul, 2026 02:44pm

Companies

Paramount offers remedies for Warner deal, making EU approval likely

Paramount would propose ditching its film distribution joint venture with Universal Pictures

Published 01 Jul, 2026 02:39pm

Markets

Pakistan inflation hits 11.1% in June 2026

Inflation stood at 7.05% in FY26

Updated 01 Jul, 2026 11:22pm

Commodities

Gold price per tola drops Rs5,200 per tola in Pakistan

Price of silver also decreases by Rs107 to reach Rs6,242 per tola

Updated 01 Jul, 2026 06:44pm

Money & Banking

Pakistan eyes fully Shariah-compliant financial sector from 2028

ISLAMABAD: The government has unveiled a strategy to transform Pakistan’s financial sector into a fully...

Updated 01 Jul, 2026 11:24pm

Business & Finance

World Bank approves $70mn for Connected Punjab

Program to boost broadband access, digital services, and cashless transactions for millions

Published 01 Jul, 2026 01:01pm

Commodities

Palm rises on firmer Chicago soyoil, weak ringgit

Dalian’s most-active soyoil contract fell 0.3%

Published 01 Jul, 2026 12:14pm

Stocks

South Korean shares end lower as foreigners book profits

The benchmark KOSPI closed down 173.07 points, or 2.04%, at 8,303.41

Published 01 Jul, 2026 12:08pm

USA

Trump earned over $1 billion from crypto ventures in 2025, filings show

Trump received nearly $550 million from his ties to the startup World Liberty Financial

Published 01 Jul, 2026 11:50am

Technology

Supernet Technologies secures Rs1bn deal to provide critical communications infrastructure

Informs PSX via notice

Updated 01 Jul, 2026 10:58pm

Commodities

Aluminium hits four-month low as Gulf risk premium fades

The benchmark three-month aluminium on the London Metal Exchange fell 0.41% to $3,073 a ton

Published 01 Jul, 2026 11:05am

Forex

Australia, NZ dollars skid as markets wager on US rate hikes

The Aussie fell 0.4% on Wednesday to $0.6892

Published 01 Jul, 2026 11:01am

Commodities

Gold prices slip as firmer Treasury yields, Fed rate outlook weigh

Spot gold was down 0.8% at $3,974.01 per ounce

Published 01 Jul, 2026 10:57am

Companies

India's June factory growth slips to second-weakest since mid-2022 as demand softens, PMI shows

New orders - a key measure of demand - rose at their second-weakest rate since June 2022 after hitting a three-month high in May

Published 01 Jul, 2026 10:52am

Forex

Indian rupee's RBI-defense line at risk as US yields rise, Asian peers weaken

Indian rupee is expected to open in the 94.70-94.75 range

Published 01 Jul, 2026 10:44am

Stocks

Australian shares start new financial year lower as banks drag; miners limit losses

The S&P/ASX 200 index closed 0.6% lower at 8,722.90

Updated 01 Jul, 2026 12:02pm

Stocks

Japan's Nikkei extends rally on AI boost, but US-Iran impasse weighs

The benchmark Nikkei 225 advanced 0.59% to close at 70,474.96

Updated 01 Jul, 2026 12:21pm

Energy

KOEN seeks Islamabad’s support as $1bn hydropower projects face uncertainty

South Korea’s state-owned Korea South-East Power Company (KOEN) has urged Pakistan to remove regulatory hurdles...

Updated 01 Jul, 2026 11:23pm

Stocks

Shanghai stocks rise on robust factory activity data, Xi's speech; blue-chips slip

Shanghai Composite Index closed up 0.4% after hitting a one-week high

Updated 01 Jul, 2026 02:52pm

Stocks

Indian shares rise led by autos; Mideast caution caps gains

Nifty 50 rose 0.56% to 23,995 and the BSE Sensex gained 0.54% to 76,897.91

Published 01 Jul, 2026 10:33am

Forex

Yen sinks to four-decade low as dollar gets yields boost

The dollar rose to a fresh top of 162.84 yen in the Asian session

Published 01 Jul, 2026 10:30am

Energy

Oil falls as progress in US-Iran talks cools supply concerns

Brent futures were down $1.60, or 2.19%, to $71.35 a barrel at 11:42 a.m. ET (1542 GMT)

Updated 01 Jul, 2026 09:52pm

Markets

Buying rally continues at PSX, KSE-100 settles above 184,000

Benchmark index gains over 2%

Updated 01 Jul, 2026 06:24pm

Companies

Pakistan Hotels Developers files plea as winding-up remains incomplete

PHDL's winding-up is delayed by legal issues and pending recoveries, necessitating further court-supervised extensions

Published 01 Jul, 2026 10:01am

Business & Finance

KP cabinet approves commerce, trade statistics rule

PESHAWAR: KP provincial cabinet has approved the Khyber Pakhtunkhwa Commerce and Trade Statistics Rules, 2026, under...

Published 01 Jul, 2026 07:03am

Industry

LCCI informed: Karakalpakstan offers vast investment opportunities

LAHORE: Chairman of the Council of Ministers of the Republic of Karakalpakstan, Farkhod Ermanov, has said that...

Published 01 Jul, 2026 06:59am

Companies

IGC signs JV deal with Denmark's Ovodan Group

LAHORE: Iqbal Group of Companies (IGC), one of Pakistan’s integrated poultry conglomerates, has signed a...

Published 01 Jul, 2026 06:54am

Industry

World MSME Day: FPCCI, SMEDA hold stakeholder engagement session

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

Published 01 Jul, 2026 06:43am

Business & Finance

Dasu Hydropower Project: AGP uncovers inefficiencies, massive cost overruns

ISLAMABAD: The Auditor General of Pakistan (AGP) has uncovered serious inefficiencies, delays and massive cost...