News Archives for Business & Finance - 2026-08-02 - Business Recorder

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اردو

Aug 17, 2026 اردو

Print Edition BR Markets Dollar to PKR

Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices

Business & Finance - 2026-08-02

China's central bank pledges timely policy tool adjustment

Markets

China's central bank pledges timely policy tool adjustment

The People’s Bank of China will continue to implement an appropriately loose monetary policy and maintain ample liquidit

Published 02 Aug, 2026 03:49pm

OPEC agrees September oil hike, completing rollback of voluntary cuts

Energy

OPEC agrees September oil hike, completing rollback of voluntary cuts

September increase agreed by OPEC+ finishes the phased rollback of a 1.65 million bpd supply cut originally agreed in 2023

Updated 02 Aug, 2026 06:07pm

WestJet flight attendants go on strike after talks fall through

Markets

WestJet flight attendants go on strike after talks fall through

Flight attendants at Canada’s ‌WestJet went on strike on Sunday

Published 02 Aug, 2026 11:23am

BYD's sales rise for third month, buoyed by exports

Markets

BYD's sales rise for third month, buoyed by exports

Overseas shipments of passenger vehicles, pickups jump ⁠124.3% year on year to 179,841 units ⁠in July

Updated 02 Aug, 2026 10:35pm

Japan to announce Tokyo, Washington took joint action on yen, sources say

Markets

Japan to announce Tokyo, Washington took joint action on yen, sources say

*Katayama is likely to stress the two countries' determination to combat what they consider excessive yen declines

Published 02 Aug, 2026 10:32am

SMEDA joins hands with PAAPAM for Auto Show 2026

Business & Finance

SMEDA joins hands with PAAPAM for Auto Show 2026

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has joined hands with the Pakistan...

Published 02 Aug, 2026 04:02am

South Korea July exports beat forecasts on robust demand for AI investments

Business & Finance

South Korea July exports beat forecasts on robust demand for AI investments

SEOUL: South Korea’s exports grew more strongly than expected in July on global chip and computer demand for AI...

Published 02 Aug, 2026 04:02am

SME auto entrepreneurs highlight challenges to SMEDA Director

Business & Finance

SME auto entrepreneurs highlight challenges to SMEDA Director

LAHORE: A delegation of SME entrepreneurs from Lahore’s auto sector met Mashood Khan, Director SMEDA, to highlight...

Published 02 Aug, 2026 04:02am

Minister calls for governance restructuring to address digital age challenges

Pakistan

Minister calls for governance restructuring to address digital age challenges

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has emphasised that reforming and restructuring the...

Published 02 Aug, 2026 04:02am

Canadian economy grows in May

Business & Finance

Canadian economy grows in May

OTTAWA: Canada’s economy grew by a greater-than-expected 0.3percent in May, pushed up in part by strength in the...

Published 02 Aug, 2026 04:02am

HSBC to sell USD25bn Australian loan portfolio to Blackstone

Money & Banking

HSBC to sell USD25bn Australian loan portfolio to Blackstone

BENGALURU: HSBC said on Friday it would sell its AUSD36 billion (USD25.30 billion) Australian home and personal loan...

Published 02 Aug, 2026 04:02am

Prices of vegetables, fruits rising because of higher fuel prices, rains

Business & Finance

Prices of vegetables, fruits rising because of higher fuel prices, rains

ISLAMABAD: The continuous increase in fuel prices as well as supply disruptions owing to monsoon rains, the prices...

Published 02 Aug, 2026 04:02am

Political instability to weigh on Romania’s deficit reduction efforts beyond 2026

Business & Finance

Political instability to weigh on Romania’s deficit reduction efforts beyond 2026

BUCHAREST: Romania just avoided a downgrade from the last rung of investment grade as its budget deficit narrowed...

Published 02 Aug, 2026 04:02am

Japan bank SMFG’s Q1 profit jumps 3pc on robust loan demand

Money & Banking

Japan bank SMFG’s Q1 profit jumps 3pc on robust loan demand

TOKYO: Sumitomo Mitsui Financial Group recorded a 33percent rise in first-quarter profit, marking the latest...

Published 02 Aug, 2026 04:02am

India’s record renewable generation in July cuts coal’s share in power mix to 1-year low

Business & Finance

India’s record renewable generation in July cuts coal’s share in power mix to 1-year low

NEW DELHI: The share of coal in India’s power-generation mix dropped to its lowest in a year in July as...

Published 02 Aug, 2026 04:02am

US bars imports from 43 more cos over China’s alleged forced labour involving Uyghurs

Business & Finance

US bars imports from 43 more cos over China’s alleged forced labour involving Uyghurs

WASHINGTON/ BEIJING: The United States on Friday banned imports from 43 more Chinese companies over alleged rights...

Published 02 Aug, 2026 04:02am

India’s Reliance ramps up diesel exports to Europe, Brazil in July

Companies

India’s Reliance ramps up diesel exports to Europe, Brazil in July

SINGAPORE/LONDON: India’s Reliance Industries ramped up diesel exports to Europe and Brazil in July, according to...

Published 02 Aug, 2026 04:02am

BHP Port Hedland iron ore workers to strike August 8-9, if no pay deal reached

Business & Finance

BHP Port Hedland iron ore workers to strike August 8-9, if no pay deal reached

MELBOURNE: Workers at BHP Group’s Port Hedland iron ore operations in Western Australia plan to go on strike next...

Published 02 Aug, 2026 04:02am

Awareness session held on e-vehicles sector

Business & Finance

Awareness session held on e-vehicles sector

ISLAMABAD: The Energy Conservation Fund of the National Energy Efficiency & Conservation Authority (NEECA),...

Published 02 Aug, 2026 04:02am

RTO Peshawar uncovers illegal cigarette manufacturing unit in Swabi

Business & Finance

RTO Peshawar uncovers illegal cigarette manufacturing unit in Swabi

ISLAMABAD: In a major enforcement action against illicit cigarette manufacturing, the Regional Tax Office (RTO)...

Published 02 Aug, 2026 04:02am

AI to revolutionize pharma industry, says expert

Industry

AI to revolutionize pharma industry, says expert

KARACHI: Artificial intelligence is poised to redefine Pakistan’s pharmaceutical sector, turning conventional...

Published 02 Aug, 2026 04:02am

SCCI says concerned at border closure, taxes on ex-FATA/PATA

Business & Finance

SCCI says concerned at border closure, taxes on ex-FATA/PATA

PESHAWAR: Sarhad Chamber of Commerce and Industry urged the federal government to address concerns of Khyber...

Published 02 Aug, 2026 04:02am

Chinese envoy visits UAF, emphasizes modernization of agriculture sector

Business & Finance

Chinese envoy visits UAF, emphasizes modernization of agriculture sector

FAISALABAD: Chinese Ambassador to Pakistan, Jiang Zaidong, has reaffirmed China’s steadfast commitment to broadening...

Published 02 Aug, 2026 04:02am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 13	277.85
USD PKR Interbank Buying / Aug 13	277.65
USD to Japanese Yen / Aug 14	159.32
USD to Swiss Franc / Aug 14	0.81
Pound Sterling to USD / Aug 14	1.35
Euro to USD / Aug 14	1.16
SOFR % / Aug 15	3.64

Stock	Volume
S&P 500 / Aug 14	7,785.76
India Sensex / Aug 14	78,009.25
Nasdaq / Aug 14	26,729.16
FTSE 100 / Aug 14	10,750.11
Dow Jones / Aug 14	53,732.41
Germany DAX 30 / Aug 14	26,440.31
France CAC40 / Aug 14	8,636.80
Tokyo Nikkei / Aug 17	68,753.86
Hang Seng / Aug 17	25,508.63

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 13	18,580
Gold 10 Grams PKR / Aug 13	394,749
Crude Oil USD/Barrel / Aug 14	82.40
Gold Spot USD/Ounce / Aug 14	4,376.40
Cotton US¢/pound / Aug 14	84.80
Petrol/Litre / Aug 17	325.43
Diesel/Litre / Aug 17	383.95

Gainers
Losers
Leaders

Stock	Price
Gammon Pak / Aug 13 Gammon Pakistan Limited(GAMON)	28.25 ▲ 2.57 (10.01%)
Ideal Dynamics / Aug 13 Ideal Dynamics Limited(IDEAL)	49.13 ▲ 4.47 (10.01%)
Leather Up Ltd. / Aug 13 Leather Up Limited(LEUL)	49.58 ▲ 4.51 (10.01%)
Al-Khair Gadoon / Aug 13 Al-Khair Gadoon Limited(AKGL)	79.51 ▲ 7.23 (10%)
Arctic Textile / Aug 13 Arctic Textile Mills Limited(ARCTM)	47.19 ▲ 4.29 (10%)
Aisha Steel (CPS) / Aug 13 Aisha Steel Mills Limited (CPS)(ASLCPS)	114.83 ▲ 10.44 (10%)
Asim Textile / Aug 13 Asim Textile Mills Limited(ASTM)	90.50 ▲ 8.23 (10%)
Buxly Paints / Aug 13 Buxly Paints Limited(BUXL)	336.04 ▲ 30.55 (10%)
J.A.Textile / Aug 13 J.A. Textile Mills Limited(JATM)	68.84 ▲ 6.26 (10%)
MACPAC Films / Aug 13 MACPAC Films Limited(MACFL)	73.07 ▲ 6.64 (10%)

Stock	Price
Supernet Tech. / Aug 13 Supernet Technologies Limited(STL)	29.87 ▼ -11.86 (-28.42%)
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	13.56 ▼ -1.51 (-10.02%)
Universal Ins. / Aug 13 The Universal Insurance Company Limited(UVIC)	20.71 ▼ -2.3 (-10%)
Mughal Energy / Aug 13 Mughal Energy Limited(GEM)(GEMMEL)	27.20 ▼ -2.72 (-9.09%)
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	5.11 ▼ -0.46 (-8.26%)
Tri-Star Mutual / Aug 13 Tri-Star Mutual Fund Limited(TSMF)	17.14 ▼ -1.43 (-7.7%)
Asia Ins. / Aug 13 Asia Insurance Company Limited(ASIC)	39.82 ▼ -3.18 (-7.4%)
ARM Green Industries / Aug 13 ARM Green Industries Limited(ARMG)	55.60 ▼ -4.43 (-7.38%)
Shadman Cotton / Aug 13 Shadman Cotton Mills Limited(SHCM)	64.02 ▼ -4.9 (-7.11%)
Pak Tobacco / Aug 13 Pakistan Tobacco Company Limited(PAKT)	1,364.29 ▼ -96.5 (-6.61%)

Stock	Volume
Cnergyico PK / Aug 13 Cnergyico PK Limited(CNERGY)	247,072,281 ▲ 0.57
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	103,802,064 ▼ -0.46
Pak Refinery / Aug 13 Pakistan Refinery Limited(PRL)	40,235,369 ▲ 5.93
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	39,092,471 ▼ -1.51
WorldCall Telecom / Aug 13 Worldcall Telecom Limited(WTL)	26,025,744 ▲ 0.01
Thatta Cement / Aug 13 Thatta Cement Company Limited(THCCL)	19,608,245 ▲ 3.36
B.O.Punjab / Aug 13 The Bank of Punjab(BOP)	16,204,913 ▲ 0.18
Hascol Petrol / Aug 13 Hascol Petroleum Limited(HASCOL)	15,337,298 ▼ -0.48
TPL Properties / Aug 13 TPL Properties Limited(TPLP)	15,140,554 ▼ -0.31
TPL Corp Ltd / Aug 13 TPL Corp Limited(TPL)	14,138,754 ▲ 0.53

Income tax calculator for FY 2026-27

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Field Marshal Asim Munir hosts reception in honour of Pakistan Army veterans

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Security forces kill seven terrorists in Kharan operation: security sources

Security forces kill seven terrorists in Kharan operation: security sources

Gold price per tola drops Rs500 in Pakistan

Gold price per tola drops Rs500 in Pakistan