News Archives for Business & Finance - 2026-07-08

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Business & Finance - 2026-07-08

Money & Banking

SBP chief sees Pakistan's current account in surplus for FY26

State Bank of Pakistan (SBP) Governor Jameel Ahmad projected on Wednesday the current account would remain balanced...

Updated 08 Jul, 2026 11:03pm

World

IMF cuts 2026 world growth forecast, flags risks from new Mideast fighting

Global economic growth is estimated at 3.0 percent this year

Published 08 Jul, 2026 07:56pm

Stocks

Wall St falls as Trump's Iran remarks weigh on markets

Dow Jones Industrial Average fell 514.42 points, or 0.97%, to 52,410.73

Published 08 Jul, 2026 07:53pm

Technology

Apple to spend $30 billion on Broadcom chips as it boosts US sourcing

Broadcom will invest $1.5 billion to expand its Fort Collins, Colorado, factory under the deal

Published 08 Jul, 2026 07:48pm

Financial

India's 10-year bond logs worst day in 3 months on faltering Iran deal

The 6.94% 2036 bond yield settled at 6.7636%, up 6.8 basis points

Published 08 Jul, 2026 07:04pm

South Asia

India battery storage tariffs seen rising as higher costs squeeze low-priced projects

The South Asian nation is rapidly expanding battery storage to provide round-the-clock renewable power

Published 08 Jul, 2026 07:01pm

Stocks

Most Gulf markets slip on Middle East hostilities

Dubai’s main share index declined 1.5%

Published 08 Jul, 2026 06:54pm

Companies

Backlash on ethanol-blend fuel intensifies in India, puts carmakers in the dock

Hundreds of motorists have posted complaints on X alleging reduced fuel efficiency and increased wear and tear of car parts from E20

Published 08 Jul, 2026 05:30pm

Forex

Sterling steady as US-Iran tensions flare up again

Against the euro, the pound was a touch weaker on the day at 85.47 pence

Published 08 Jul, 2026 05:10pm

Stocks

Britain's FTSE indexes fall as Trump says Iran deal 'over'

The blue-chip FTSE 100 index fell 1.3% to 10,519.17 points

Published 08 Jul, 2026 05:07pm

Forex

India central bank backs crypto ban, tax department warns of evasion risks, documents show

India allows cryptocurrencies to exist in a grey zone after a court in 2018 strikes down RBI policies that effectively ban them

Published 08 Jul, 2026 05:05pm

Stocks

Sri Lankan shares close lower for seventh straight session on broad-based losses

CSE All Share index settled down 0.61% at 21,828.50

Published 08 Jul, 2026 05:04pm

Companies

Zia Chishti loses appeal as U.S. court upholds dismissal of defamation lawsuit

A U.S. federal appeals court affirmed the order dismissing the defamation lawsuit filed by former TRG Pakistan CEO...

Published 08 Jul, 2026 05:04pm

Markets

UniCredit secures 47.6% of Commerzbank after buyout offer extension

UniCredit closes in on Commerzbank control, but faces a fierce battle for legitimacy and integration amid significant German resistance.

Published 08 Jul, 2026 04:52pm

Business & Finance

Govt invites US-based Pakistani business leaders to invest in homeland

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday addressed gatherings of...

Published 08 Jul, 2026 04:49pm

Companies

Chevron tanker used for CPC oil hit by drone in Black Sea

The Caspian Pipeline Consortium plans to export about 1.6 million barrels per day of CPC Blend crude in July

Published 08 Jul, 2026 04:45pm

Markets

Foreign investors pare India rate-hike bets, fuel record 5-year swaps trading

India’s five-year OIS fell to a four-month low of 6.1%, only 10 basis points above where it was before the start of the Iran war

Published 08 Jul, 2026 04:19pm

Commodities

India silver import curbs create shortages, push premiums to six-month high

Lower imports by India, which meets more than 80% of its silver demand through overseas purchases

Published 08 Jul, 2026 04:14pm

Commodities

Copper drops, aluminium gains after Middle East flare-up

Benchmark three-month copper on the London Metal Exchange shed 1.2% to $13,210 a metric ton

Published 08 Jul, 2026 04:11pm

Exchange

Pakistan rupee registers marginal gain against US dollar

Settles at 278.07 against greenback

Updated 08 Jul, 2026 07:10pm

Commodities

Palm up over 1%, hitting 2-week high on rival oil, crude oil strength

Dalian’s most-active soyoil contract rose 0.61%

Published 08 Jul, 2026 04:07pm

Forex

Indian rupee slumps to one-month low as oil soars after Trump says Iran deal is 'over'

The currency closed at 95.5550 per dollar, down 0.6% on the day

Published 08 Jul, 2026 04:05pm

Stocks

Indian benchmarks log biggest one-day loss in three months as oil prices soar

Benchmark Nifty 50 fell 2.12% to 23,882.05 and the BSE Sensex slid 2.15% to 76,503.6

Published 08 Jul, 2026 04:02pm

Energy

Govt submits 82MW solar project PC-1 to ECNEC

Prime Minister Shehbaz Sharif, on Wednesday, chaired a high-level review meeting on the 100-megawatt (MW) solar...

Published 08 Jul, 2026 03:06pm

Commodities

Gold price per tola drops Rs4,700 in Pakistan

International rate of gold declines by $47 to reach $4,078 per ounce

Updated 08 Jul, 2026 06:49pm

Markets

New Zealand's central bank raises cash rate to 2.5%, as expected

The central bank has slashed rates by 325 basis points since August 2024 to support an economy struggling to gain traction as inflation receded

Published 08 Jul, 2026 11:43am

Business & Finance

Aurangzeb visits SECP, pledges support for capital markets and ease of doing business

Authorities preparing to extend the mandatory motor insurance regime to Punjab, Khyber Pakhtunkhwa and Balochistan

Updated 08 Jul, 2026 12:15pm

Energy

China lifts fuel export curbs for July, sources say

Only state-owned companies were permitted to export gasoline, diesel and jet fuel in the past few months

Published 08 Jul, 2026 11:39am

Companies

IPP S.G. Power enters Pakistan's medical devices business

The company expects to strengthen its position in Pakistan’s medical devices sector and create a platform for future growth

Updated 22 Jul, 2026 01:07pm

Stocks

New Zealand shares slip after RBNZ's first hike in 3 years, Australian stocks fall

New Zealand’s benchmark S&P/NZX 50 index dropped 0.6% to 13,678.92

Published 08 Jul, 2026 11:19am

Forex

Yuan near one-week low as dollar strength weighs; PBOC shifts to defence

The yuan was last 0.08% lower at 6.7994 to the dollar, the weakest level since June 29

Published 08 Jul, 2026 11:17am

Mutual Funds

India bonds dragged by rise in oil prices, Treasury yields on fresh US-Iran hostilities

The benchmark 6.94% 2036 bond yield was at 6.7246% as of 10:00 a.m. IST, after closing at 6.6958% in the previous session

Published 08 Jul, 2026 11:15am

Commodities

Japan Q3 aluminium premiums soar to highest since 2015 on Mideast supply squeeze

Japan sourced nearly 30% of its aluminium ingot imports, including primary and alloy metal, from the region in 2025

Published 08 Jul, 2026 11:13am

Mutual Funds

JGB yields hit 30-year highs on inflation, fiscal concerns

The 10-year JGB yield rose as much as 2.5 basis points (bps) to 2.865% and the 20-year JGB yield rose 4 basis points to 3.85%

Published 08 Jul, 2026 11:10am

Markets

OpenAI to unveil GPT-5.6 on Thursday after delaying launch

Sol is OpenAI's most advanced model yet, while Terra is the mid-tier lower-cost model and Luna is the most cost-efficient option

Published 08 Jul, 2026 11:07am

Stocks

China, Hong Kong stocks gain as chip, AI rally lead rebound

The benchmark Hang Seng Index rallied 2.4% to a three-week high, and was on track for the best day in over a month

Published 08 Jul, 2026 11:01am

Commodities

Palm rebounds on stronger rival oils, crude oil prices

Palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.66%, to 4,577 ringgit ($1,123.19) a metric ton

Published 08 Jul, 2026 10:58am

Forex

Thai baht/US dollar weaker on Wednesday

The baht was 0.21% lower at 33.39 versus the dollar, after trading in a range of 33.340 to 33.405

Published 08 Jul, 2026 10:54am

Energy

MEPCO posts Rs1.05bn profit in 2025-26, reverses Rs36bn loss

The recovery was gradual and sustained rather than a one-off correction, adds Ministry of Energy

Published 08 Jul, 2026 10:47am

Commodities

Aluminium rises as US-Iran ceasefire tested

The most-traded aluminium contract on the Shanghai Futures Exchange was up 0.72% at 23,085 yuan ($3,396.60) a ton

Published 08 Jul, 2026 10:40am

Stocks

Japan's Nikkei falls in volatile trade as tech tracks Nasdaq selloff

The benchmark Nikkei was down 0.72% at 67,763,91

Published 08 Jul, 2026 10:38am

Stocks

South Korean shares fall as volatility heightens in chipmaker stocks

The benchmark KOSPI was down 161.84 points, or 2.11%, at 7,494.47

Published 08 Jul, 2026 10:35am

Forex

New Zealand dollar rallies as RBNZ raises rates, signals more hikes

The kiwi faces resistance at $0.5726, with support around $0.5627

Published 08 Jul, 2026 10:33am

Stocks

Oil climbs, bonds slide on Mideast hostilities

Asian equity markets make a shaky attempt at staying steady through Wednesday

Published 08 Jul, 2026 10:30am

Stocks

Stocks tumble at PSX, KSE-100 down 2.5% amid US-Iran tensions

Benchmark index settles at 181,629.36
Selling pressure accelerates following Trump's comment on Iran

Updated 08 Jul, 2026 06:33pm

Forex

Indian rupee fragile recovery faces test from oil rally, higher US yields

The ‌Indian rupee is expected to open in the 95.14-95.18 range, according to traders, after settling at 94.9675 on Tuesday

Published 08 Jul, 2026 08:18am

Commodities

BHP iron ore workers vote to strike on July 16 at Port Hedland

Unions have called for the action after six months of negotiations that have failed to reach an agreement on terms for a four-year labour deal

Published 08 Jul, 2026 08:16am

Forex

Dollar at week-high after US resumes Iran strikes; RBNZ hike hoists kiwi

The greenback strengthened 0.2% to 162.46 yen , advancing for a fourth day to reached the strongest level since July 2.

Updated 08 Jul, 2026 11:55am

Stocks

Indian shares set to open lower as US-Iran tensions lift oil prices

GIFT ‌Nifty futures were trading at 24,235

Published 08 Jul, 2026 07:51am

Bullion Rate

Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets

Spot gold fell 0.1% to $4,100.32 per ounce

Updated 08 Jul, 2026 11:54am

Energy

Oil jumps over 4% to two-week high after Trump says deal with Iran 'over'

Brent crude futures were up $3.14, or 4.23%, to $77.30 a barrel

Updated 08 Jul, 2026 07:08pm

Business & Finance

FY25-26: 21 listed cos raise Rs20bn thru further issuance of capital

ISLAMABAD, Twenty-one listed companies raised over Rs. 20 billion through further issuance of capital during FY...

Published 08 Jul, 2026 07:16am

Industry

‘Immense commercial opportunities available in Malawi’

KARACHI: Highlighting Africa as one of the world’s most promising untapped trade frontiers, the Honorary Consul of...

Published 08 Jul, 2026 07:12am

Business & Finance

Banking Mohtasib disposes of 36,280 complaints in 2025

ISLAMABAD: The Banking Mohtasib Pakistan disposed of 36,280 complaints in 2025 despite carrying forward 13,793...

Published 08 Jul, 2026 07:08am

Companies

Feasibility study for LPG infrastructure expansion to be initiated

KARACHI: EngroVopak Terminal Limited (EVTL), Pakistan’s leading chemical and gas terminal operator, has partnered...

Published 08 Jul, 2026 07:00am

Industry

HCSTSI concerned over prolonged electricity outages

HYDERABAD: Acting President of the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Ahmed Idrees...

Published 08 Jul, 2026 06:58am

Industry

LCCI, PISMIDA sign MoU to promote industrial growth

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) and the Pakistan Industrial Sewing Machine Importers...

Published 08 Jul, 2026 06:29am

Companies

Lucky Investments launches Shariah-compliant dividend yield fund

KARACHI: Lucky Investments Limited has launched the Lucky Islamic Dividend Yield Fund (LIDYF), an open-end...

Published 08 Jul, 2026 06:27am

Energy

Oil gains after vessels attacked near Strait of Hormuz

NEW YORK: Oil prices rose more than 2 percent on Tuesday after reports of attacks on vessels near the Strait of...

Published 08 Jul, 2026 05:27am

Business & Finance

Business leaders for shift from road to water transport

KARACHI: The country’s top business leaders on Tuesday called for a shift from road to water transport to cut...

Published 08 Jul, 2026 05:27am

Business & Finance

Customs values on import of branded potato chips revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has revised Customs values on the import of branded...

Updated 08 Jul, 2026 05:48am

Business & Finance

USD4.6bn foreign-funded projects: Senate panel orders report on delays, cost overruns

ISLAMABAD: A Senate sub-committee on Economic Affairs on Tuesday ordered federal and provincial authorities to...

Published 08 Jul, 2026 05:27am

Companies

Pursuing country’s industrialisation agenda: Financial close of Rs4.76bn 10-year ISTFF announced

KARACHI: A consortium of banks, managed by The Bank of Punjab (BOP), together with InfraZamin Pakistan Limited,...

Published 08 Jul, 2026 05:27am

Taxes

Court-protected period: ATIR DB Islamabad annuls Super Tax default surcharge

ISLAMABAD: A two-member Bench of Appellate Tribunal Inland Revenue Islamabad has set aside default surcharge on...

Published 08 Jul, 2026 05:27am

Companies

Loads Ltd via rights issue: CCP approves Treet’s additional stake acquisition

ISLAMABAD: Treet Corporation Ltd is expanding its footprint in Pakistan’s automotive industry after the Competition...

Published 08 Jul, 2026 05:27am

Business & Finance

PTML announces its executive management team

ISLAMABAD: Pak Telecom Mobile Limited (PTML) on Tuesday announced its executive management team, ushering in a new...

Published 08 Jul, 2026 05:27am

Business & Finance

New customs values for mineral water notified

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

Published 08 Jul, 2026 05:27am

Business & Finance

Financial risks from ME war still remain: BoE

LONDON: The Bank of England on Tuesday warned that economic risks from the Middle East conflict could amplify...

Published 08 Jul, 2026 05:27am

Business & Finance

Global gas demand to fall 0.5pc as tighter supply raises prices: IEA

LONDON: Global natural gas consumption is forecast to fall 0.5 percent this year, mainly because higher prices are...

Published 08 Jul, 2026 05:27am

Business & Finance

Coal import: FBR to strictly allow application of ST

ISLAMABAD: The Federal Board of Revenue (FBR) will strictly allow application of one percent minimum value addition...

Published 08 Jul, 2026 05:27am

Business & Finance

Punjab targets revenue growth without new taxes: minister

LAHORE: Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman announced on Tuesday that the provincial government...

Published 08 Jul, 2026 05:27am

Business & Finance

Steel producers commend FBR for corporatisation of AOPs

ISLAMABAD: Pakistan Association of Large Steel Producers commended the proactive support of the Federal Board of...

Published 08 Jul, 2026 05:27am

Industry

Women Chamber, SMEDA discuss entrepreneurship

PESHAWAR: A delegation from the Women Chamber of Commerce and Industries (WCCI) Peshawar, led by President...

Published 08 Jul, 2026 05:27am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 22	278.11
USD PKR Interbank Buying / Jul 22	277.91
USD to Japanese Yen / Jul 22	163.06
USD to Swiss Franc / Jul 22	0.81
Pound Sterling to USD / Jul 22	1.34
Euro to USD / Jul 22	1.14
SOFR % / Jul 22	3.59

Stock	Volume
S&P 500 / Jul 22	7,498.96
India Sensex / Jul 22	76,755.05
Nasdaq / Jul 22	25,690.90
FTSE 100 / Jul 22	10,716.97
Dow Jones / Jul 22	52,218.58
Germany DAX 30 / Jul 22	25,155.41
France CAC40 / Jul 22	8,437.89
Tokyo Nikkei / Jul 23	66,424.44
Hang Seng / Jul 23	25,202.85

Item	Value
Crude Oil USD/Barrel / Jul 22	87.96
Karachi Cotton PKR/37.32 KG / Jul 22	18,780
Gold 10 Grams PKR / Jul 22	371,944
Gold Spot USD/Ounce / Jul 22	4,138.06
Cotton US¢/pound / Jul 22	80.86
Petrol/Litre / Jul 23	320.73
Diesel/Litre / Jul 23	367.21

Gainers
Losers
Leaders

Stock	Price
Sally Textile / Jul 22 Sally Textile Mills Limited(SLYT)	16.13 ▲ 1.47 (10.03%)
Dadabhoy Cement / Jul 22 Dadabhoy Cement Industries Limited(DBCI)	22.64 ▲ 2.06 (10.01%)
F.Credit & Inv / Jul 22 First Credit and Investment Bank Limited(FCIBL)	35.93 ▲ 3.27 (10.01%)
Gammon Pak / Jul 22 Gammon Pakistan Limited(GAMON)	24.18 ▲ 2.2 (10.01%)
Olympia Mills / Jul 22 Olympia Mills Limited(OML)	143.19 ▲ 13.02 (10%)
Ahmad Hassan / Jul 22 Ahmad Hassan Textile Mills Limited(AHTM)	121.25 ▲ 11.02 (10%)
Baba Farid Sugar / Jul 22 Baba Farid Sugar Mills Limited(BAFS)	461.24 ▲ 41.93 (10%)
Fateh Sports / Jul 22 Fateh Sports Wear Limited(FSWL)	142.71 ▲ 12.97 (10%)
The Thal Ind.Corp. / Jul 22 The Thal Industries Corporation Limited(TICL)	1,048.37 ▲ 95.31 (10%)
Premier Sugar / Jul 22 The Premier Sugar Mills(PMRS)	552.50 ▲ 50.23 (10%)

Stock	Price
Dewan Textile / Jul 22 Dewan Textile Mills Limited(DWTM)	8.44 ▼ -0.97 (-10.31%)
Khairpur Sug. / Jul 22 Khairpur Sugar Mills Limited(KPUS)	1,364.30 ▼ -151.59 (-10%)
National Silk / Jul 22 The National Silk & Rayon Mills Limited(NSRM)	296.43 ▼ -32.94 (-10%)
S.G.Power / Jul 22 S.G. Power Limited(SGPL)	71.55 ▼ -7.95 (-10%)
Suhail Jute / Jul 22 Suhail Jute Mills Limited(SUHJ)	243.87 ▼ -27.1 (-10%)
Nets Internat.Comm. / Jul 22 Nets International Communication Limited(GEMNETS)	26.10 ▼ -2.9 (-10%)
Reliance Weaving / Jul 22 Reliance Weaving Mills Limited(REWM)	174.65 ▼ -19.37 (-9.98%)
Shams Textile / Jul 22 Shams Textile Mills Limited(STML)	53.76 ▼ -5.92 (-9.92%)
Crescent Cotton / Jul 22 Crescent Cotton Mills Limited(CCM)	58.47 ▼ -6.39 (-9.85%)
First IBL Mod. / Jul 22 First IBL Modaraba(FIBLM)	13.77 ▼ -1.5 (-9.82%)

Stock	Volume
Trust Sec.& Brok. / Jul 22 Trust Securities & Brokerage Limited(TSBL)	134,167,491 ▲ 0.02
Cnergyico PK / Jul 22 Cnergyico PK Limited(CNERGY)	99,430,517 ▼ -0.08
TPL Properties / Jul 22 TPL Properties Limited(TPLP)	49,825,531 ▲ 0.12
Pak Refinery / Jul 22 Pakistan Refinery Limited(PRL)	33,575,661 ▲ 1.67
B.O.Punjab / Jul 22 The Bank of Punjab(BOP)	22,944,760 ▼ -0.28
Dewan Cement / Jul 22 Dewan Cement Limited(DCL)	20,748,512 ▲ 0.68
WorldCall Telecom / Jul 22 Worldcall Telecom Limited(WTL)	19,674,964 ▼ -0.03
K-Electric Ltd. / Jul 22 K-Electric Limited(KEL)	18,735,568 ▼ -0.18
F. Nat.Equities / Jul 22 First National Equities Limited(FNEL)	15,812,309 ▼ -0.02
Maple Leaf Cement / Jul 22 Maple Leaf Cement Factory Limited(MLCF)	13,943,190 ▼ -2.2

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