News Archives for Business & Finance - 2026-07-06

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Business & Finance - 2026-07-06

Business & Finance

Unilever reaffirms long-term commitment to Pakistan, bets on local manufacturing

Consumer goods giant Unilever remains committed to Pakistan as a long-term manufacturing and growth market despite...

Updated 06 Jul, 2026 10:21pm

Industry

Pakistan received 'strong interest' from foreign investors for Discos privatisation: official

Industrial policy in finalisation phase, says Advisor to Finance Minister Khurram Schehzad

Published 06 Jul, 2026 09:36pm

Opinion

Islamic banking is not the destination - it is the journey

The question of whether Islamic banks are truly Islamic rests on a confusion between two things: what they are...

Published 06 Jul, 2026 07:43pm

Business & Finance

SECP urges businesses to corporatise, promote investment culture

The Securities and Exchange Commission of Pakistan (SECP) has urged the country’s business and industrial community...

Published 06 Jul, 2026 07:37pm

Markets

Microsoft joins AI-driven tech layoff wave with 4,800 job cuts

The software giant earlier this year offered voluntary buyouts to about 7% of its US workforce

Published 06 Jul, 2026 07:04pm

Business & Finance

Post Budget 2026-27 seminar at IBA Karachi

IBA hosted a Seminar on the Federal Budget 2026–27, bringing together leading economists, policymakers, and public...

Published 06 Jul, 2026 06:31pm

Currency

Pakistan rupee registers marginal gain against US dollar

Settles at 278.11 against greenback

Updated 06 Jul, 2026 10:03pm

Companies

Senator Muhammad Aurangzeb visits Arif Habib Group's Head Office

Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, along with leading entrepreneurs of Pakistan,...

Published 06 Jul, 2026 06:17pm

Energy

Pakistan purchases more expensive LNG as flows via Strait of Hormuz fail to recover: report

Pakistan pays double for LNG, facing urgent supply gaps due to disruptions in the critical Strait of Hormuz

Published 06 Jul, 2026 04:57pm

Companies

Chery Master Pakistan expands dealership network with grand opening of Chery South in Karachi

Chery Master Pakistan, introduced by Master Auto Engineering Private Limited, a Master Group company, has further...

Updated 06 Jul, 2026 07:58pm

Business & Finance

FPCCI urges handover of Cotton Exchange Building to KCA

Says closure severely impacts Pakistan's cotton economy

Published 06 Jul, 2026 03:09pm

Commodities

Gold price per tola drops by Rs2,400 in Pakistan

International rate of gold declines by $24 to reach $4,150 per ounce

Updated 06 Jul, 2026 06:45pm

Stocks

Australian shares ease as banks, consumer stocks drag; commodity stocks limit losses

The S&P/ASX 200 index fell 0.2% to 8,826

Published 06 Jul, 2026 11:58am

Stocks

Japan's Topix rises on lower oil prices, Nikkei weighed down by tech

The benchmark Nikkei 225, which is heavily weighted by tech shares

Published 06 Jul, 2026 11:54am

Forex

Thai baht/US dollar weaker on Monday

the baht was 0.12% lower at 33.19 versus the dollar, after trading in a range of 33.160 to 33.230

Published 06 Jul, 2026 11:46am

Mutual Funds

Benchmark JGB yields rise toward 30-year high as fiscal fears cloud auctions

The 10-year JGB yield climbed 2 basis points (bps) to 2.790%

Published 06 Jul, 2026 11:41am

Money & Banking

Pakistan launches InvestPak Portal, eyes to reduce govt reliance on banks

Govt aims to free up banks for private sector lending

Updated 06 Jul, 2026 01:02pm

Mutual Funds

India bonds seen little changed with traders eyeing fresh cues

The benchmark 6.94% 2036 bond yield is expected to trade between 6.70% and 6.74%

Published 06 Jul, 2026 11:23am

Forex

Kiwi dollar drifts lower as RBNZ policy decision looms

The kiwi fell 0.4% to $0.5687, after climbing 1.3% last week to as high as $0.5727

Published 06 Jul, 2026 11:20am

Stocks

South Korea shares drop on chip stocks valuation uncertainties

The benchmark KOSPI was down 240.93 points, or 2.98%, at 7,847.4

Published 06 Jul, 2026 11:18am

Forex

China's yuan eases against the dollar as traders search for direction

The dollar index was up 0.1% in Asia trade

Published 06 Jul, 2026 11:15am

Companies

Khyber Tobacco inks MoU with Korea's KT&G

Informed stakeholders via a notice to the Pakistan Stock Exchange

Published 06 Jul, 2026 11:04am

Commodities

Aluminium rises on dwindling LME stocks

Benchmark three-month aluminium on the London Metal Exchange was up 0.4% at $3,103 a metric ton

Published 06 Jul, 2026 10:53am

Stocks

China, HK stocks gain as AI enthusiasm broadens to farming, biotech sectors

The blue-chip CSI300 Index gained 0.3% by the midday break

Published 06 Jul, 2026 10:50am

Commodities

Turkiye opens sunflower seed, crude sunflower oil import quota

Turkiye has opened a tariff quota for imports of oilseed sunflower seeds and crude sunflower oil

Published 06 Jul, 2026 10:48am

Commodities

Palm rises for first time in three sessions on stronger rival oils

Palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 51 ringgit, or 1.14%, to 4,531 ringgit ($1,111.36) a metric ton

Published 06 Jul, 2026 10:45am

Stocks

Positive momentum continues at PSX, KSE-100 gains over 1.1%

Benchmark index settles at 187,454.69

Updated 06 Jul, 2026 06:55pm

Markets

South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave

The company will sell 17.79 million new shares in the depository receipt listing on the Nasdaq

Published 06 Jul, 2026 08:32am

Stocks

Record wave of IPO lock-up shares to hit Hong Kong market

Hong ⁠Kong's benchmark Hang Seng Index is down 8.9% this year

Published 06 Jul, 2026 08:06am

Bullion Rate

Gold trades near two-week high on cooling US rate-hike bets

Spot gold was steady at $4,175.02 per ounce

Published 06 Jul, 2026 08:01am

Markets

ECB's T2 payment system back up after brief incident impacting payments

When central banks and financial institutions in Europe need to send and receive large-value payments, they rely on T2

Published 06 Jul, 2026 07:56am

Stocks

Shares edge higher in Asia as oil dips, earnings loom

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4%

Published 06 Jul, 2026 07:53am

Stocks

Indian shares likely to open higher on strong business updates from lenders

GIFT Nifty futures were at 24,322.5

Published 06 Jul, 2026 07:49am

Forex

Indian rupee to track merchant flows, dollar; bonds await foreign buying cues

The Indian rupee declined nearly 1% last week to close at 95.21 per dollar on ‌Friday

Published 06 Jul, 2026 07:45am

Forex

Dollar near two-week lows as rate-hike bets recede, embattled yen in focus

The dollar index , which measures the US currency against six other units, was at 100.9 in early trading

Published 06 Jul, 2026 07:43am

Energy

Oil prices steady at pre-Iran war levels

Brent crude futures fell 4 cents, or 0.06%, to $72.08 a barrel at 1322 GMT

Updated 06 Jul, 2026 07:45pm

Business & Finance

Iran and Qatar resume maritime trade

DUBAI: Maritime trade between Iran and Qatar has resumed after a roughly five-month suspension, Iran’s commercial...

Updated 06 Jul, 2026 08:58am

Business & Finance

PAF Group captain killed while trying to protect woman

ISLAMABAD: A Pakistan Air Force (PAF) Group Captain was shot dead on Sunday after intervening to protect a woman...