News Archives for Business & Finance - 2026-08-21

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Business & Finance - 2026-08-21

Money & Banking

Pakistan banks’ credit to private sector in ratio of GDP declines over past three decades

Jameel Ahmad asks banks to reorient their business models towards stronger retail deposit mobilisation and greater private-sector financing

Published 21 Aug, 2026 11:07pm

Markets

Govt increases petrol price by Rs3.81, diesel's by Rs3.59 per litre

New prices will be effective from Saturday till Monday

Published 21 Aug, 2026 10:54pm

Business & Finance

GEPCO privatisation draws 11 investor bids, says Privatisation Commission

Interested parties include investors from Türkiye, Saudi Arabia, and Pakistan’s leading business groups

Published 21 Aug, 2026 08:42pm

Stocks

SE Fruits and Vegetables IPO: fresh produce sector needs institutional capital, says CFO

Sargodha-based company seeking to raise roughly Rs1.9bn through Initial Public Offering next month

Published 21 Aug, 2026 08:13pm

Companies

iCAUR has landed in Pakistan. Take a look!

Pakistan may have just got its first glimpse of a new automotive brand before its official arrival was even...

Published 21 Aug, 2026 08:03pm

Companies

China launches biggest ever auto recall campaign over door handle safety

Tesla is recalling nearly 3 million vehicles in China to fix emergency door handles, ensuring occupants can escape safely during critical electrical failures

Published 21 Aug, 2026 06:32pm

Markets

India's forex pile rises to six-month peak on sustained capital inflows

The reserves jumped nearly $10 billion week-on-week, led by a $7.2 billion gain in the central bank’s foreign currency assets

Published 21 Aug, 2026 06:09pm

Markets

India gets $511.5 million in FDI under new policy for neighbouring countries

India's new automatic FDI route has drawn 29 proposals across IT, AI, manufacturing, and pharma, signaling strong investor confidence

Published 21 Aug, 2026 06:05pm

Markets

India's goods trade deficit hits 6-month high as imports rise amid Middle East conflict

July goods deficit widens to $31.98bn from $30.43bn in June

Published 21 Aug, 2026 05:04pm

Companies

SBP designates HBL, UBL, NBP as systemically important banks for 2026

Designation of D-SIBs is one of the key elements of the supervisory framework, says SBP

Published 21 Aug, 2026 04:54pm

Exchange

Rupee records gain against US dollar

Settles at 277.56 against greenback

Updated 21 Aug, 2026 08:21pm

Business & Finance

Eid Milad-un-Nabi: PSX to remain closed on August 26

The federal government declared August 26 a public holiday across Pakistan

Published 21 Aug, 2026 04:15pm

Companies

Din Textile operationalises solar expansion

DINT informs the Pakistan Stock Exchange today

Published 21 Aug, 2026 03:58pm

Business & Finance

Aurangzeb, ICCD discuss boosting Pakistan’s halal exports

Aurangzeb underscored the importance of strengthening linkages between Pakistan’s business community and international business networks

Published 21 Aug, 2026 02:11pm

Financial

Gold price per tola gains Rs5,200 in Pakistan

10-gram gold sold at Rs409,067

Updated 21 Aug, 2026 06:17pm

Money & Banking

NBP President Rehmat Ali Hasnie’s tenure expires

Hasnie was appointed as NBP President in 2023

Published 21 Aug, 2026 12:01pm

Stocks

Australian shares inch lower as tech, real estate stocks drag

The S&P/ASX 200 index fell 0.2% to 9.067

Published 21 Aug, 2026 11:58am

Forex

Thai baht/US dollar stronger on Friday

The baht was 0.11% higher at 32.81 versus the dollar, after trading in a range of 32.820 to 32.863

Published 21 Aug, 2026 11:51am

Forex

Australia dollar set for longest weekly winning streak since 2020

The Aussie rose 0.3% to a new 11-week top of $0.7134, adding to its weekly gain of 0.7%

Published 21 Aug, 2026 11:37am

Mutual Funds

JGB yields rise as higher oil prices stoke inflation worries

Benchmark 10-year JGB yields added 3 basis points to 2.875%

Published 21 Aug, 2026 11:35am

Stocks

South Korean shares rise as chipmakers track US peers, set to end week lower

The benchmark KOSPI was up 46.26 points, or 0.68%, at 6,898.84

Published 21 Aug, 2026 11:32am

Stocks

Japan's Nikkei set for worst week in over a month amid Middle East uncertainty

The broader Topix declined 0.1%, on track for a 3.4% weekly slide

Published 21 Aug, 2026 11:20am

Forex

China's yuan hovers near 3-1/2-year peak, set for 8th straight weekly rise

The onshore yuan traded in a tight range in morning deals and was last up 0.06% at 6.7221 per dollar

Published 21 Aug, 2026 11:15am

Commodities

Copper gains but set to snap seven-week winning streak

Benchmark three-month copper on the LME was up 0.53% at $14,111.50 a metric ton

Published 21 Aug, 2026 11:10am

Commodities

Tunisia tenders to buy 79,500 metric tons of feed corn, traders say

The deadline for submission of price offers is also Friday, August 21, they said

Published 21 Aug, 2026 11:08am

Business & Finance

Pakistan, Google sign landmark MoU for national digital transformation

MoU will establish an AI Centre of Excellence and provide free AI tools, empowering youth and driving IT exports for economic growth

Published 21 Aug, 2026 11:05am

Stocks

Shanghai stocks flat, HK ticks higher on hopes of fiscal boost

The Shanghai Composite index was flat at 3,903.81 points, while the blue-chip CSI300 index climbed 0.52%

Published 21 Aug, 2026 11:02am

Business & Finance

Pakistan eyes domestic AI platform for secure government trade data

Strengthening sovereign cloud and data-centre infrastructure.

Published 21 Aug, 2026 10:48am

Mutual Funds

India bonds hang tight before supply as oil stalls

The benchmark 6.94% 2036 bond yielded 6.8723%

Published 21 Aug, 2026 10:47am

Markets

SK Hynix South Korea union to vote on tentative 2026 wage, labour agreement next week

SK Hynix’s union members will vote on a tentative 2026 wage and labour agreement on August 24 to 25

Published 21 Aug, 2026 10:45am

Stocks

KSE-100 Index gains 575 points as buying returns to PSX

Benchmark index settles at 177,166.52

Updated 21 Aug, 2026 06:14pm

Forex

Indian rupee battles oil, hedging drag; RBI shield, weak dollar cushion fall

The Indian rupee is expected to open in the 95.74-95.78 range, per traders, having settled at 95.7050 to the dollar on Thursday

Published 21 Aug, 2026 08:06am

Stocks

Indian shares poised for higher open amid caution over oil, bond stress

GIFT ‌Nifty futures were at 24,311.50 points

Published 21 Aug, 2026 08:03am

Forex

Dollar wobbles as investors balk at US Treasury's rescue efforts

Against a weaker dollar, the euro was perched near a three-month high and last bought $1.1685, on track for a weekly rise of 1%

Published 21 Aug, 2026 08:00am

Stocks

Asia shares downbeat on the week as bond yields, oil stay high

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.5%

Published 21 Aug, 2026 07:55am

Energy

Oil rises as Trump threatens sanctions on Iran partners

Brent crude futures rose 8 cents, or 0.09%, to $93.86 a barrel

Updated 21 Aug, 2026 09:51pm

Bullion Rate

Gold steadies, heads for third straight weekly gain

Spot gold was little changed at $4,514.23 per ounce

Published 21 Aug, 2026 07:43am

Business & Finance

Refinery upgrades could pave way for diesel price cuts: PPDA chief

KARACHI: Pakistan Petroleum Dealers Association (PPDA) Chairman Malik Khuda Bakhsh has said that the ongoing...

Published 21 Aug, 2026 07:13am

Business & Finance

Export competitiveness hinges on shared sustainability responsibility: Experts

LAHORE: Pakistan’s export competitiveness requires a fair distribution of the financial and operational burden of...

Published 21 Aug, 2026 07:06am

Pakistan

COMSATS Internet Services successfully deal with ‘operational turbulence’

ISLAMABAD: COMSATS Internet Services (CIS) has bounced back from financial and operational turbulence with a major...

Published 21 Aug, 2026 06:59am

Business & Finance

Businessman calls for construction financing system

KARACHI: Mian Zahid Hussain, president of the Pakistan Businessmen and Intellectuals Forum and All Karachi...

Updated 21 Aug, 2026 07:29am

Business & Finance

Dar reviews strategy to boost trade with EU, allies

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar on Thursday chaired a...

Published 21 Aug, 2026 06:42am

Business & Finance

Gemstone export boost: Govt set to roll out strategy, says adviser to PM

ISLAMABAD: To boost gemstone exports, the government is set to introduce a comprehensive strategy to expand the...

Published 21 Aug, 2026 06:35am

Money & Banking

Pakistan’s first DPR programme: IFC, Bank Alfalah sign project agreement

ISLAMABAD: In a significant development for Pakistan’s external financing landscape, a Project Agreement between the...

Published 21 Aug, 2026 06:33am

Business & Finance

Q1FY27 earnings could remain strong: HSD margin cap may limit refinery upside: Topline

KARACHI: The government has capped the diesel crack spread at USD42 per barrel, excluding freight and insurance...

Published 21 Aug, 2026 06:30am

Business & Finance

GPCCI, PRGMEA sign MoU

LAHORE: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has called on Sialkot’s...

Published 21 Aug, 2026 05:34am

Business & Finance

Investigation & Disposal of Complaints: FTO Secretariat upgrades regulation draft

ISLAMABAD: The Federal Tax Ombudsman Secretariat has issued draft Federal Tax Ombudsman (Investigation and Disposal...

Published 21 Aug, 2026 05:34am

Companies

Rides to hill stations emerge as top inDrive destinations

ISLAMABAD: Routes connecting Islamabad to the hill stations were among the busiest on ride hailing services network...

Published 21 Aug, 2026 05:34am

Business & Finance

Petrol price up by 27 paise, HSD’s by Rs1.64

ISLAMABAD: The Petroleum Division has announced nominal increase in prices of petrol and High-Speed Diesel (HSD) for...

Published 21 Aug, 2026 05:34am

Business & Finance

SOEs directors: Framework for appointment, evaluation, disclosure tightened

ISLAMABAD: The government has tightened the framework for appointment, evaluation, and conflict-of-interest...

Published 21 Aug, 2026 05:34am

Business & Finance

OMCs demand immediate increase in margin

ISLAMABAD: Pakistan’s top oil marketing companies (OMCs) have sought urgent government intervention for notification...

Published 21 Aug, 2026 05:34am

Energy

Oil hits more than three-week high

Brent up $1.94 to $93.56, WTI up $2.18 to $88.01, both highest since July 24

Updated 21 Aug, 2026 07:50am

Business & Finance

Draft of market conduct rules for insurers issued

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued the draft of Market Conduct Rules...

Published 21 Aug, 2026 05:34am

Business & Finance

PPL, OGDCL boards: CCoSOEs approves appointment of independent directors

ISLAMABAD: The government has approved the appointment of independent directors on the boards of Pakistan Petroleum...

Published 21 Aug, 2026 05:34am

Business & Finance

FPCCI rejects proposed July FCA increase

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly objected to the...

Published 21 Aug, 2026 05:34am

Business & Finance

Managing online risks: Google launches ‘Digital Pasban’

ISLAMABAD: Google has launched “Digital Pasban” in Pakistan, committing USD 500,000 through Google.org to equip...

Published 21 Aug, 2026 05:34am

Business & Finance

Pakistani, South Korean companies sign six B2B MoUs: Second round of CEPA talks to be held soon: Jam

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has said the second round of negotiations on the...

Published 21 Aug, 2026 05:34am

Business & Finance

Leveraging BRI financing: Pakistan presents USD4.85bn climate investment plan

ISLAMABAD: Pakistan has presented a USD 4.85 billion climate investment plan to Chinese officials and business...

Published 21 Aug, 2026 05:34am

Money & Banking

Meezan Bank opens first round-the-clock service center

KARACHI: Meezan Bank has inaugurated its first Service Center at Clifton Bridge, Karachi, introducing a...

Published 21 Aug, 2026 05:34am

Companies

5G technology: Zong announces investment programme to upgrade 1,000 sites

KARACHI: Following the acquisition of a 5G license, Zong, a subsidiary of China Mobile Limited, has launched a mega...

Published 21 Aug, 2026 05:34am

Business & Finance

Pakistan, Syria agree to strengthen bilateral trade

ISLAMABAD: Pakistan and Syria have agreed to strengthen bilateral trade and investment cooperation, particularly in...

Published 21 Aug, 2026 05:34am

Companies

Globe Residency REIT declares cash dividend

KARACHI: Globe Residency REIT (GRR), South Asia’s first listed developmental REIT, managed by Arif Habib Dolmen REIT...

Published 21 Aug, 2026 05:34am

Business & Finance

SBP BSC, KP SIDB hold meeting on ‘SME Value Chain Financing’

PESHAWAR: A meeting was held at the office of Noman Fayaz, Dy. Managing Director (P&D), Khyber Pakhtunkhwa Small...

Published 21 Aug, 2026 05:34am

Money & Banking

BankIslami reports Rs4.31bn PBT for IH of 2026

KARACHI: BankIslami, one of Pakistan’s fastest-growing Islamic banks, reported a profit before tax (PBT) of PKR 4.31...

Published 21 Aug, 2026 05:34am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 7	277.22
USD PKR Interbank Buying / Oct 7	277.02
USD to Japanese Yen / Oct 7	157.85
USD to Swiss Franc / Oct 7	0.83
Pound Sterling to USD / Oct 7	1.32
Euro to USD / Oct 7	1.12
SOFR % / Oct 6	3.90

Stock	Volume
S&P 500 / Oct 7	7,801.77
India Sensex / Oct 7	72,638.70
Nasdaq / Oct 7	27,538.69
FTSE 100 / Oct 7	10,458.50
Dow Jones / Oct 7	51,179.87
Germany DAX 30 / Oct 7	25,104.36
France CAC40 / Oct 7	7,769.21
Tokyo Nikkei / Oct 8	69,373.40
Hang Seng / Oct 8	24,012.76

Item	Value
Crude Oil USD/Barrel / Oct 7	89.19
Karachi Cotton PKR/37.32 KG / Oct 7	18,680
Gold 10 Grams PKR / Oct 7	372,458
Cotton US¢/pound / Oct 7	80.03
Petrol/Litre / Oct 8	396.65
Gold Spot USD/Ounce / Oct 8	4,129.51
Diesel/Litre / Oct 8	394.94

Gainers
Losers
Leaders

Stock	Price
Paramount Mod / Oct 7 First Paramount Modaraba(FPRM)	15.80 ▲ 1.44 (10.03%)
Lse Spac-I Ltd. / Oct 7 Lse Spac-I Limited(SPAC1)	23.39 ▲ 2.13 (10.02%)
Mandviwala / Oct 7 Mandviwala Mauser Plastic Industries(MWMP)	84.88 ▲ 7.72 (10.01%)
Shadman Cotton / Oct 7 Shadman Cotton Mills Limited(SHCM)	74.09 ▲ 6.74 (10.01%)
Treet Corp / Oct 7 Treet Corporation Limited(TREET)	23.07 ▲ 2.1 (10.01%)
Ali Asghar / Oct 7 Ali Asghar Textile Mills Limited(AATM)	44.56 ▲ 4.05 (10%)
Data Agro / Oct 7 Data Agro Limited(DAAG)	92.55 ▲ 8.41 (10%)
Dadex Eternit / Oct 7 Dadex Eternit Limited(DADX)	174.91 ▲ 15.9 (10%)
J.A.Textile / Oct 7 J.A. Textile Mills Limited(JATM)	39.94 ▲ 3.63 (10%)
MACPAC Films / Oct 7 MACPAC Films Limited(MACFL)	76.91 ▲ 6.99 (10%)

Stock	Price
LSE Financial Serv. / Oct 7 LSE Financial Services Limited(LSEFSL)	3.44 ▼ -0.48 (-12.24%)
Azgard Nine (Non-Voti) / Oct 7 Azgard Nine (Non-Voti)(ANLNV)	7.57 ▼ -0.97 (-11.36%)
Asim Textile / Oct 7 Asim Textile Mills Limited(ASTM)	81.72 ▼ -9.08 (-10%)
Popular Islamic / Oct 7 Popular Islamic Modaraba(PIM)	64.01 ▼ -7.11 (-10%)
Pakistan Credit Rating Agency / Oct 7 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.33 ▼ -4.67 (-9.73%)
Noon Sugar / Oct 7 Noon Sugar Mills Limited(NONS)	83.14 ▼ -7.42 (-8.19%)
Fateh Ind. / Oct 7 Fateh Industries Limited(FIL)	262.16 ▼ -22.46 (-7.89%)
Fateh Sports / Oct 7 Fateh Sports Wear Limited(FSWL)	133.98 ▼ -11.07 (-7.63%)
S.S.Oil / Oct 7 S.S.Oil Mills Limited(SSOM)	401.66 ▼ -28.92 (-6.72%)
Century Ins. / Oct 7 Century Insurance Company Limited(CENI)	56.28 ▼ -3.64 (-6.07%)

Stock	Volume
K-Electric Ltd. / Oct 7 K-Electric Limited(KEL)	82,659,125 ▲ 0.45
Cnergyico PK / Oct 7 Cnergyico PK Limited(CNERGY)	68,756,886 ▼ -0.2
Pak Refinery / Oct 7 Pakistan Refinery Limited(PRL)	44,141,519 ▼ -0.06
Tasdeeq Info. Serv. / Oct 7 Tasdeeq Information Services Limited(TISL)	42,719,357 ▲ 0.04
Waves Home Appliances / Oct 7 Waves Home Appliances Limited(WAVESAPP)	30,549,672 ▲ 0.65
WorldCall Telecom / Oct 7 Worldcall Telecom Limited(WTL)	26,045,805 ▲ 0
Dewan Cement / Oct 7 Dewan Cement Limited(DCL)	15,285,606 ▼ -0.05
Pak Int.Bulk / Oct 7 Pakistan International Bulk Terminal(PIBTL)	12,669,746 ▼ -0.06
Media Times Ltd / Oct 7 Media Times Limited(MDTL)	11,935,285 ▲ 0.4
TPL Properties / Oct 7 TPL Properties Limited(TPLP)	11,557,812 ▲ 0.16

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