News Archives for Business & Finance - 2026-07-21

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Business & Finance - 2026-07-21

Business & Finance

Petrol pump owners warn of strike over profit margin

Also criticise govt's decision to review petroleum prices on a daily basis

Published 21 Jul, 2026 11:25pm

Technology

PTA, Meta sign pact on youth online safety, digital literacy

Collaboration expected to facilitate engagement on online content governance, regulatory compliance, and initiatives aimed at strengthening digital safety across Pakistan

Published 21 Jul, 2026 08:18pm

Stocks

Utilities and energy stocks drag Sri Lankan shares

CSE All-Share index settled down 0.29% at 21,145.73

Published 21 Jul, 2026 07:16pm

Money & Banking

India central bank proposes wider test for foreign control of firms

The RBI says the aim is to create a more user-friendly framework for foreign investment

Published 21 Jul, 2026 07:13pm

Companies

Indian steelmakers pivot home as Europe tightens imports, China squeezes margins

India shipped 6.6 million metric tons of finished steel in the fiscal year ended March 2026. Exports fell to 0.5 million tons in May

Published 21 Jul, 2026 07:02pm

USA

US trade envoy says acting 'soon' on new tariffs as 10% levy to expire

The Trump administration has readied fresh tariffs targeting 60 trading partners

Updated 21 Jul, 2026 07:43pm

Currency

RBI's inflow push gets off to strong start, fortifying India's balance of payments

The current programme has attracted funds at a much faster pace than a similar RBI scheme did in 2013

Published 21 Jul, 2026 06:30pm

South Asia

IMF says oil prices, weak monsoon pose biggest risks to India's FY27 GDP growth

Fund cut India’s GDP growth forecast for 2026/27 by 10 basis points to 6.4% this month

Published 21 Jul, 2026 06:01pm

Financial

India bonds fall as Middle East escalation drives oil above $90

Benchmark 6.94% 2036 bond yield settled nearly 2 bps higher at 6.7938%

Published 21 Jul, 2026 05:58pm

Business & Finance

Govt announces consortiums of international banks for Pakistan's GMTN, international sukuks programmes

Finance ministry says appointment to remain valid till three years

Updated 21 Jul, 2026 09:02pm

Energy

Saudi crude exports fall for third straight month to a record low, data shows

Exports fell to about 3.434 million barrels per day in May, from 3.986 million bpd in April

Published 21 Jul, 2026 05:49pm

Companies

GM boosts profit outlook, cites 'resilient' consumer demand

GM’s customers continue to spend up on pricey pickup trucks and large SUVs, such as the Cadillac Escalade, despite higher gas prices

Published 21 Jul, 2026 05:43pm

Commodities

Corn and soybean prices decline as US crop ratings top expectations

The most active corn contract on the CBOT dropped 0.4% to $4.71 a bushel

Published 21 Jul, 2026 05:31pm

Companies

Granules India's first-quarter profit surges as margins improve

Total revenue from operations climbed 22% to 14.77 billion Indian rupees on higher sales of finished medicines

Published 21 Jul, 2026 05:30pm

Companies

Novo Nordisk says it is suing Eli Lilly, accusing it of false advertising

Novo Nordisk sues Eli Lilly for false advertising, alleging its rival's weight-loss drug ads use misleading comparisons to inflate efficacy claims.

Published 21 Jul, 2026 05:03pm

Energy

Indian Oil Corp cancels Iraq oil lifting amid attacks, sources say

IOC was preparing to lift 2 million barrels of Iraqi oil in the very large crude carrier Lila Jamnagar around July 23

Published 21 Jul, 2026 04:59pm

Companies

Novartis profit beat driven by cost control as patent expiries bite

Sales of the heart drug fell 50% to $1.18 billion

Published 21 Jul, 2026 04:57pm

Energy

IEA says substantial emergency oil stocks remain after record release

The IEA agrees to release a record 400 million barrels of oil from strategic stockpiles

Published 21 Jul, 2026 04:54pm

Energy

India's push away from options fuels boom in leveraged stock bets

Leverage offered for the MTF is at an all-time high of about $15 billion across the nation, up 50% year-on-year

Published 21 Jul, 2026 04:48pm

Commodities

Copper touches one-month high on Chinese shortages and Iran peace hopes

Benchmark three-month copper on the London Metal Exchange gained 1.7% to $13,851 a metric ton

Published 21 Jul, 2026 04:27pm

Commodities

Palm falls, tracking weaker Dalian rivals, crude oil

Dalian’s most-active soyoil contract lost 0.55%

Published 21 Jul, 2026 04:24pm

Forex

Indian rupee gains as oil comes off; inflows, RBI intervention in focus

Indian currency rose 0.2% to 96.2350 against the U.S. dollar

Published 21 Jul, 2026 04:10pm

Stocks

India's equity benchmarks fall as HDFC Bank, Mideast uncertainty weigh

Nifty 50 ended down 0.21% at 24,187.7, while the BSE Sensex shed 0.31% to 77,470.11

Published 21 Jul, 2026 04:07pm

Exchange

Pakistani rupee records gain against US dollar

Settles at 277.92

Updated 21 Jul, 2026 08:06pm

Financial

Gold price per tola gains Rs4,700 in Pakistan

Reaches Rs429,236

Updated 21 Jul, 2026 05:40pm

Energy

Mari Energies rejects claims over Petrosin GSPA termination

Mari says its position has been consistently upheld by Pakistani courts

Published 21 Jul, 2026 02:59pm

Companies

Chery Master Pakistan launches Pakistan's first auto boutique studio

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

Updated 21 Jul, 2026 04:05pm

Stocks

European shares inch higher as easing oil prices lift sentiment, earnings awaited

The pan-European STOXX 600 index rose 0.1% to 640.61 points

Published 21 Jul, 2026 02:27pm

Forex

Thai baht/US dollar weaker on Tuesday

The baht was 0.1% lower at 33.66 versus the dollar, after trading in a range of 33.645 to 33.705

Published 21 Jul, 2026 01:39pm

Markets

Tasdeeq Information Services: SECP clears first IPO of FY27

TISL offers 150 million shares to investors

Updated 21 Jul, 2026 02:02pm

Energy

Kuwait’s KUFPEC eyes expansion in Pakistan’s energy sector

KUFPEC seeks to expand its energy exploration in Pakistan, with the government assuring full support for new international investments in the petroleum sector

Published 21 Jul, 2026 12:49pm

Forex

New Zealand dollar firms with inflation, Aussie follows

The Aussie nudged up 0.1% to $0.7005, having gained almost 0.3% overnight

Published 21 Jul, 2026 11:48am

Stocks

Miners weigh on Australian shares; intensifying US-Iran tensions keep risk sentiment at bay

The S&P/ASX 200 index lost 0.6%, down at 8,742.3

Published 21 Jul, 2026 11:45am

Stocks

South Korean shares rally after two-day rout, won eases from 10-week high

The benchmark KOSPI was up 158.82 points, or 2.44%, at 6,675.09 as of 0129 GMT after losing 10.5% in the prior two sessions

Published 21 Jul, 2026 11:34am

Commodities

Copper gains on Chinese demand, tight stocks

The benchmark three-month copper on the London Metal Exchange increased 0.29% to $13,661 a metric ton

Published 21 Jul, 2026 11:32am

Commodities

Corn, soybeans decline as US crop ratings top expectations

The most-active corn contract on the Chicago Board of Trade (CBOT) fell 0.4% to $4.71-1/4 a bushel

Published 21 Jul, 2026 11:30am

Markets

Julius Baer posts H1 net profit of $831 million

Julius Baer on Tuesday reported a net profit of 673 million Swiss francs for the first half of 2026

Published 21 Jul, 2026 11:29am

Markets

Novartis Q2 profit up as generic competition mounts

The Swiss drugmaker saw quarterly group operating income, adjusted for special items

Published 21 Jul, 2026 11:27am

Stocks

China stocks rise as chip shares rebound; focus turns to Politburo meeting

Shanghai Composite index was up 0.6% by the midday break, while the blue-chip CSI 300 index rose 1.8%

Published 21 Jul, 2026 11:13am

Commodities

Palm falls tracking weaker Dalian rivals, crude oil

Palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange dropped 40 ringgit, or 0.86%, to 4,603 ringgit ($1,126.81) a metric ton

Published 21 Jul, 2026 11:05am

Forex

Yuan rises after firmer guidance as investors await policy cues

The spot yuan is allowed to trade a maximum of 2% on either side of the fixed midpoint each day

Published 21 Jul, 2026 11:00am

Mutual Funds

Foreign deposit flows to buoy India bonds; war worry may overshadow

The benchmark 6.94% 2036 bond yield is seen trading in a 6.76%-6.79% range

Published 21 Jul, 2026 10:57am

Bullion Rate

Gold rises as hopes for US-Iran diplomacy pause oil rally

Spot gold rose 0.9% to $4,042.69 per ounce

Published 21 Jul, 2026 10:33am

Business & Finance

US Honeywell proposes refinery upgrade plan for Pakistan

Aurangzeb welcomed Honeywell’s proposed modernisation and expansion of Pakistan’s refinery sector

Published 21 Jul, 2026 10:20am

Business & Finance

Pakistan invites Chinese investment in ports & logistics

Maritime minister says government committed to transforming the country into a regional transit trade hub

Published 21 Jul, 2026 10:02am

Stocks

KSE-100 Index closes marginally higher as late-session selling erodes early gains

Benchmark index settles at 176,133.56

Updated 21 Jul, 2026 07:25pm

Commodities

BHP resumes negotiations with Port Hedland iron ore unions

Port Hedland is a major artery for Australia’s iron ore, through which $80 million of BHP’s iron ore transits each day

Published 21 Jul, 2026 08:09am

Forex

Indian rupee hit by oil worries; outlook bearish despite RBI-spurred inflows

The Indian rupee is ‌expected to open in the 96.50 to 96.55 range, traders said, after settling at 96.4450 on Monday

Published 21 Jul, 2026 08:05am

Markets

South Korea July 1-20 exports +52.3% from a year earlier

*Exports of semiconductors soared 180.6%, while car exports declined 10.6%

Published 21 Jul, 2026 07:59am

Stocks

Japan's Nikkei rallies after steep decline as focus turns to tech results

The benchmark Nikkei 225 advanced 1.25% to 64,945.96 in early trading, recovering part of its 6.4% plunge last week

Published 21 Jul, 2026 07:55am

Stocks

Indian shares set to open lower on firmer oil

GIFT Nifty futures ‌were trading at 24,151.5

Published 21 Jul, 2026 07:51am

Forex

Dollar near one-week high as markets grapple with Gulf tensions

Against the yen, the dollar was largely flat at 162.50 yen

Published 21 Jul, 2026 07:47am

Stocks

Asian stocks rise as Mideast mediation takes oil lower

In stocks, MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.25% higher after dropping for three straight sessions

Published 21 Jul, 2026 07:43am

Energy

Oil prices rise to five-week high on US-Iran attacks, Houthi blockade threat

Brent futures rose $2.12, or 2.4%, to $91.34 a barrel

Updated 21 Jul, 2026 09:05pm

Industry

More allottees join ‘Landhi Cottage Industries case’: trade leader

KARACHI: The All Pakistan Organisation of Small Traders and Cottage Industries Karachi saw a significant development...

Published 21 Jul, 2026 07:11am

Industry

Afghan-linked cigarette smuggling network affecting revenue

ISLAMABAD: A vast and highly organised network involved in the smuggling of Afghan-linked cigarette brands into...

Published 21 Jul, 2026 07:01am

Industry

Chinese trade delegation visits FPCCI regional office

LAHORE: The leadership of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) held an exclusive...

Published 21 Jul, 2026 06:58am

Industry

GGAPCP welcomes establishment of National Gems Authority

LAHORE: The Gold and Gems Art Promotion Council of Pakistan (GGAPCP) has welcomed the federal government’s decision...

Published 21 Jul, 2026 06:57am

Companies

Jazz, Nokia complete virtualization of SDM platform

ISLAMABAD: Jazz, in collaboration with Nokia, has completed the virtualization of its Subscriber Data Management...

Published 21 Jul, 2026 06:56am

Industry

LCCI urges business-friendly fuel conservation measures

LAHORE: Lahore Chamber of Commerce and Industry President Faheem-ur-Rehman Saigol has urged the government to ensure...

Published 21 Jul, 2026 06:54am

Industry

Plea to accelerate second phase of CPEC

KARACHI: President of the United Business Group (UBG), Zubair Tufail, has said the time has come to accelerate the...

Published 21 Jul, 2026 06:50am

Industry

SCCI, UBG oppose imposition of taxes on ex-Fata, PATA region

PESHAWAR: Sarhad Chamber of Commerce and Industry and United Business Group (UBG) fully backed the stance and...

Published 21 Jul, 2026 06:49am

Industry

Petroleum products: Wave of protests puts govt’s daily pricing policy in jeopardy

KARACHI: Business and industrial community has urged the Prime Minister Shehbaz Sharif and Minister for Petroleum...

Published 21 Jul, 2026 06:47am

Companies

MG Motor Pakistan conducts technical training for dealership teams

LAHORE: MG Motor Pakistan has conducted a nationwide high-tech training programme for its dealership technicians and...

Published 21 Jul, 2026 05:11am

Business & Finance

FBR cannot use technical limitations of IRIS software as excuse: FTO

KARACHI: Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) cannot use technical...

Published 21 Jul, 2026 05:11am

Companies

Chairman of Fakt Group of Companies honoured

PESHAWAR: Saleem Khan Tanoli, Chairman of Fakt Group of Companies, CEO of Apex Polymers (Pvt) Ltd., President of...

Published 21 Jul, 2026 05:11am

Business & Finance

Colour, Chem Expo 2026 attracts 350 exhibitors

LAHORE: Pakistan’s premier exhibition for the dyes, chemicals and allied industries, the 11th Colour and Chem Expo...

Published 21 Jul, 2026 05:11am

Pakistan

WAPDA grilled over failure to complete major hydel projects

ISLAMABAD: The Senate Sub-Committee on Economic Affairs grilled the Water and Power Development Authority (WAPDA)...

Published 21 Jul, 2026 05:11am

Companies

M-1/M-2 Link Road: EIGHTEEN inaugurates direct entry & exit connection

ISLAMABAD: EIGHTEEN, Pakistan’s premier lifestyle destination, has inaugurated its direct entry and exit connection...

Published 21 Jul, 2026 05:11am

Business & Finance

TDAP facilitates visit of high-level rice exporters’ team to China

KARACHI: The Trade Development Authority of Pakistan (TDAP) is facilitating the visit of a 20-member delegation of...

Published 21 Jul, 2026 05:11am

Money & Banking

Asian Banking, Finance Awards 2026: JS Bank wins three honours

KARACHI: JS Bank has been recognised with three prestigious honours at the Asian Banking & Finance Awards 2026....

Published 21 Jul, 2026 05:11am

Business & Finance

Russian steel magnate sells shipping firm operating in Sea of Azov

RUSSIA: Russian steel billionaire Vladimir Lisin has sold a shipping firm operating in the Sea of Azov to...

Published 21 Jul, 2026 05:11am

Business & Finance

TBML&TF: Price Verification Portal launched

KARACHI: The Pakistan Single Window (PSW) has launched a price verification portal to strengthen banks’ compliance...

Published 21 Jul, 2026 05:11am

Business & Finance

CCP imposes Rs5m penalty on firm

ISLAMABAD: Pakistan’s competition regulator has imposed Rs5 million penalty on a local inspection and certification...

Published 21 Jul, 2026 05:11am

Business & Finance

Pakistan LNG buys costlier spot cargo

ISLAMABAD: Pakistan LNG Limited has purchased its most expensive LNG spot cargo by approving the procurement at USD...

Published 21 Jul, 2026 05:11am

Energy

Petrol price cut by Re0.35, HSD’s hiked by Rs5.71

ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) on Monday slashed petrol price by 35 paisa per litre, taking the...

Published 21 Jul, 2026 05:11am

Energy

Oil settles 1pc higher

HOUSTON: Oil prices settled over 1 percent higher on Monday after volatile trading through the session, as traders...

Published 21 Jul, 2026 05:11am

Business & Finance

PM takes major step towards railways revamp

ISLAMABAD: Seeking to revive the country’s aging rail network as a driver of economic growth, Prime Minister Shehbaz...

Updated 21 Jul, 2026 05:36am

Business & Finance

Global trade agreements Huge revenue losses

ISLAMABAD: Huge revenue loss on account of the international trade agreements including Free Trade Agreements (FTAs)...

Published 21 Jul, 2026 05:11am

Business & Finance

Profit repatriation rises by 4pc in FY26

KARACHI: Repatriation of profit and dividends by foreign investors rose slightly 4 percent in the fiscal year...

Published 21 Jul, 2026 05:11am

Business & Finance

Sale of 30pc PNSC shares: Bodies formed to resolve financial, legal matters

ISLAMABAD: The government has constituted two sub-committees to finalise financial, commercial and legal matters —...

Published 21 Jul, 2026 05:11am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 2	277.27
USD PKR Interbank Buying / Oct 2	277.07
USD to Japanese Yen / Oct 5	157.79
USD to Swiss Franc / Oct 5	0.83
Pound Sterling to USD / Oct 5	1.32
Euro to USD / Oct 5	1.12
SOFR % / Oct 1	3.87

Stock	Volume
S&P 500 / Oct 2	7,722.72
Nasdaq / Oct 2	27,190.86
Dow Jones / Oct 2	51,176.96
India Sensex / Oct 5	71,914.66
Tokyo Nikkei / Oct 5	69,928.05
Hang Seng / Oct 5	23,971.07
FTSE 100 / Oct 5	10,478.45
Germany DAX 30 / Oct 5	25,202.68
France CAC40 / Oct 5	7,824.92

Item	Value
Petrol/Litre / Oct 5	392.76
Crude Oil USD/Barrel / Oct 5	89.90
Karachi Cotton PKR/37.32 KG / Oct 5	18,080
Gold 10 Grams PKR / Oct 5	375,116
Gold Spot USD/Ounce / Oct 5	4,152.43
Diesel/Litre / Oct 5	399.64
Cotton US¢/pound / Oct 5	79.45

Gainers
Losers
Leaders

Stock	Price
D.S. Ind. Ltd. / Oct 5 D.S. Industries Limited(DSIL)	18.98 ▲ 1.73 (10.03%)
Paramount Mod / Oct 5 First Paramount Modaraba(FPRM)	13.05 ▲ 1.19 (10.03%)
Shadman Cotton / Oct 5 Shadman Cotton Mills Limited(SHCM)	61.23 ▲ 5.57 (10.01%)
Dadex Eternit / Oct 5 Dadex Eternit Limited(DADX)	144.55 ▲ 13.14 (10%)
Pakistan Credit Rating Agency / Oct 5 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	48 ▲ 4.33 (9.92%)
Popular Islamic / Oct 5 Popular Islamic Modaraba(PIM)	79.02 ▲ 7.05 (9.8%)
Aisha Steel (CPS) / Oct 5 Aisha Steel Mills Limited (CPS)(ASLCPS)	76.93 ▲ 6.29 (8.9%)
Pak Synthetics / Oct 5 Pakistan Synthetics Limited(PSYL)	183.95 ▲ 11.61 (6.74%)
Sana Ind / Oct 5 Sana Industries Limited(SNAI)	34.31 ▲ 2.12 (6.59%)
Aruj Industries / Oct 5 Aruj Industries Limited(ARUJ)	9.65 ▲ 0.59 (6.51%)

Stock	Price
Globe Residency / Oct 5 Globe Residency REIT(GRR)	17.07 ▼ -5.11 (-23.04%)
Arpak Int. / Oct 5 Arpak International Investments Ltd.(ARPAK)	127.64 ▼ -14.18 (-10%)
Asim Textile / Oct 5 Asim Textile Mills Limited(ASTM)	100.89 ▼ -11.21 (-10%)
Buxly Paints / Oct 5 Buxly Paints Limited(BUXL)	376.71 ▼ -41.86 (-10%)
Mandviwala / Oct 5 Mandviwala Mauser Plastic Industries(MWMP)	83.93 ▼ -9.33 (-10%)
Olympia Mills / Oct 5 Olympia Mills Limited(OML)	70.02 ▼ -7.78 (-10%)
The Thal Ind.Corp. / Oct 5 The Thal Industries Corporation Limited(TICL)	827.01 ▼ -91.89 (-10%)
Ashfaq Textile / Oct 5 Ashfaq Textile Mills Limited(ASHT)	36.87 ▼ -4.09 (-9.99%)
First Punjab Modaraba / Oct 5 First Punjab Modaraba(FPJM)	21.18 ▼ -2.35 (-9.99%)
Ghani Chemworld Limited(PRS) / Oct 5 Ghani Chemworld Limited(PRS)(GCWLPRS)	107 ▼ -11.83 (-9.96%)

Stock	Volume
F. Nat.Equities / Oct 5 First National Equities Limited(FNEL)	50,252,398 ▼ -0.05
Pak Int.Bulk / Oct 5 Pakistan International Bulk Terminal(PIBTL)	30,666,758 ▼ -1.01
Cnergyico PK / Oct 5 Cnergyico PK Limited(CNERGY)	30,042,022 ▼ -0.51
K-Electric Ltd. / Oct 5 K-Electric Limited(KEL)	22,178,384 ▼ -0.35
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	21,656,746 ▼ -0.01
Tasdeeq Info. Serv. / Oct 5 Tasdeeq Information Services Limited(TISL)	11,248,437 ▼ -0.2
Pak Refinery / Oct 5 Pakistan Refinery Limited(PRL)	10,892,431 ▼ -2.93
Waves Home Appliances / Oct 5 Waves Home Appliances Limited(WAVESAPP)	10,856,405 ▼ -0.56
TPL Corp Ltd / Oct 5 TPL Corp Limited(TPL)	9,355,175 ▼ -0.35
D.S. Ind. Ltd. / Oct 5 D.S. Industries Limited(DSIL)	9,057,129 ▲ 1.73

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