News Archives for Home - 2026-06-23

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Home - 2026-06-23

Pakistan

Pakistan, Iran agree to accelerate agricultural trade

Both sides reaffirm commitment to deepening economic ties and translating existing agreements into tangible outcomes for benefit of farmers, traders, and consumers in both countries

Published 23 Jun, 2026 11:14pm

Middle East

Gulf oil tanker rates nearly double as Middle East producers ramp up exports

Rates for hiring a tanker outside the Strait of Hormuz have jumped to $190,500 a day

Published 23 Jun, 2026 08:38pm

Stocks

IPO at PSX: Select Technologies mobilises Rs3.02bn through selling 88.88mn shares

Company's share price surges 21.43% to Rs34 from pre-opening bid price of Rs28 in two-day Dutch bidding process

Published 23 Jun, 2026 08:18pm

Business & Economy

Pakistan's KGTL port plans up to $100mn more investment after Iran war cargo surge

Karachi Gateway Terminal Ltd, backed by Abu Dhabi Ports Group, has already completed a $60mn dredging project at Karachi Port, says CEO

Updated 23 Jun, 2026 11:17pm

USA

Trump insists Iran has agreed to nuclear inspections

Iran has denied it had begun discussions on its nuclear programme or agreed to invite International Atomic Energy Agency inspectors back to the country.

Updated 23 Jun, 2026 08:16pm

Pakistan

Employer fined Rs1.2mn for firing woman during maternity leave

FOSPAH says order serves as a binding precedent for the private sector

Published 23 Jun, 2026 04:30pm

Exchange

Rupee registers gain against US dollar

Settles at 278.21 against greenback

Updated 23 Jun, 2026 07:55pm

Energy

SIFC clears way for strategic Machike-Tarru Jabba White Oil Pipeline

The Machike–Thallian–Tarru Jabba White Oil Pipeline (WOP), a strategic infrastructure project aimed at enhancing...

Published 23 Jun, 2026 03:56pm

Money & Banking

SBP releases MPC calendar for FY27, doubles press briefings

SBP has decided to publish the presentation prepared by the staff for the post-MPC analyst briefing

Published 23 Jun, 2026 03:50pm

Pakistan

PM Shehbaz says Iran ballistic missile programme not part of Islamabad MoU

Says there should not be double standards over Iran having ballistic missiles

Updated 24 Jun, 2026 12:50am

Commodities

Gold price per tola drops by Rs10,400 in Pakistan

Price of silver decreases by Rs487 to reach Rs6,664 per tola

Updated 23 Jun, 2026 07:11pm

Budgets

Budget 2026-27: NA passes Finance Bill 2026 amid opposition walkout

The NA session has been adjourned till 11am Wednesday

Updated 23 Jun, 2026 11:15pm

Pakistan

PM Shehbaz hails US-Iran talks as breakthrough for peace, stability

Says next 60 days to pave way for comprehensive peace agreement

Updated 23 Jun, 2026 11:16pm

Business & Finance

Can Pakistan's peacekeeping role in Iran war give it an economic dividend?

Pakistan's diplomatic success in the Iran peace deal raises its global profile, creating an opportunity for economic gains, yet structural issues persist

Published 23 Jun, 2026 01:58pm

Stocks

SpaceX leads AI-linked selloff, drags Nasdaq futures 2% lower

The yield on the short-term 2-year Treasury note slipped about 4 bps to 4.19%, after touching a four-month high on Monday

Published 23 Jun, 2026 01:36pm

Pakistan

Pakistan backs free passage through Strait of Hormuz, says DPM Dar

Israeli strikes in Lebanon nearly disrupted US-Iran talks

Updated 23 Jun, 2026 02:11pm

Business & Finance

Ashura holiday: PSX, SBP to remain closed on June 25-26

The Pakistan Stock Exchange will observe a two-day closure for Ashura, aligning with federal government public holidays.

Updated 23 Jun, 2026 02:20pm

South Asia

Iran says technical talks with US in Switzerland have concluded

Negotiating groups to be set up on nuclear issues and sanctions

Updated 23 Jun, 2026 11:16pm

Middle East

Marco Rubio faces tough task of selling Iran reset to wary Gulf allies

Rubio will meet them in the United Arab Emirates on Tuesday, before traveling to Kuwait and Bahrain

Published 23 Jun, 2026 10:33am

Stocks

Selling continues at PSX, KSE-100 sheds nearly 800 points

Benchmark index settles at 177,692.92, down by 778.94 points or 0.44%

Updated 23 Jun, 2026 06:42pm

Perspectives

Corporate whitewash: how greenwashing and bluewashing undermine sustainable innovation

As Pakistan confronts climate change, economic uncertainty and increasing scrutiny from international investors,...

Published 23 Jun, 2026 10:00am

Energy

OGDCL brings Sahito-1 gas discovery into production

Says Sahito-1 is currently producing 6.0 MMSCFD of gas

Published 23 Jun, 2026 09:47am

Energy

Pakistan’s privatisation chief & Turkish Energy Minister discuss bilateral energy ties in Ankara

Boosting energy ties took centre stage as both Pakistan and Türkiye pledged to strengthen bilateral cooperation in...

Published 23 Jun, 2026 09:42am

Forex

Dollar firms on hawkish Fed bets, oil rebound; yen near 40-year low

*The Japanese yen last traded at 161.59 after briefly weakening ⁠to a two-year low of 161.93 late on Monday as the greenback extended broad gains

Published 23 Jun, 2026 07:35am

Energy

Oil drops $1 as investors focus on Hormuz flows after peace talks

Brent crude futures declined $1.18, or around 1.2%, to $76.72 a barrel

Updated 23 Jun, 2026 07:43pm

Bullion Rate

Gold steady as investors focus on US-Iran peace talks

Spot gold was steady ‌at $4,191.09 per ounce

Published 23 Jun, 2026 07:25am

US-Iran talks: PM says satisfied with successful conclusion

ISLAMABAD: Prime Minister Shehbaz Sharif said on Monday that Pakistan remains committed to playing what he described...

Updated 23 Jun, 2026 09:21am

Delay in chairman’s appointment: Ogra likely to face operational issues

ISLAMABAD: The federal government’s plan to amend the Oil and Gas Regulatory Authority (OGRA) Ordinance, 2002 to...

Updated 23 Jun, 2026 06:10am

BR Research

Fuel price- let the market work

The government has kept juggling the petroleum pricing formula ever since the US-Iran war started. There was high...

Updated 23 Jun, 2026 07:39am

BR Research

LSM finds its footings

Large-Scale Manufacturing is beginning to look less like a comeback story and more like a return to normalcy. April...

Updated 23 Jun, 2026 07:40am

Editorials

KP Budget

EDITORIAL: Khyber Pakhtunkhwa (KPK) budget for 2026-27 presented by Chief Minister Sohail Afridi unveiled a total...

Published 23 Jun, 2026 05:27am

Editorials

Balochistan Budget

EDITORIAL: Balochistan’s latest budget arrives wrapped in the language of fiscal discipline, development and prudent...

Published 23 Jun, 2026 05:27am

Opinion

Features of federal budget FY27

The first article on features of the federal budget of 2026-27 was published last week, with a focus on the more...

Published 23 Jun, 2026 05:27am

Opinion

Previous Day

BR100
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1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 23	278.41
USD PKR Interbank Buying / Jun 23	278.21
USD to Japanese Yen / Jun 23	161.60
USD to Swiss Franc / Jun 23	0.81
Pound Sterling to USD / Jun 23	1.32
Euro to USD / Jun 23	1.14
SOFR % / Jun 23	3.62

Stock	Volume
S&P 500 / Jun 23	7,365.46
India Sensex / Jun 23	76,200.68
Tokyo Nikkei / Jun 23	69,788.38
Nasdaq / Jun 23	25,587.04
Hang Seng / Jun 23	23,336.28
FTSE 100 / Jun 23	10,428.85
Dow Jones / Jun 23	51,666.84
Germany DAX 30 / Jun 23	24,893.58
France CAC40 / Jun 23	8,340.71

Item	Value
Crude Oil USD/Barrel / Jun 23	72.75
Karachi Cotton PKR/37.32 KG / Jun 23	18,580
Gold 10 Grams PKR / Jun 23	368,985
Gold Spot USD/Ounce / Jun 23	4,096.89
Cotton US¢/pound / Jun 23	78.73
Petrol/Litre / Jun 24	299.50
Diesel/Litre / Jun 24	311.47

Gainers
Losers
Leaders

Stock	Price
Ghani Chemworld Limited (R) / Jun 23 Ghani Chemworld Limited Right(GCWLR)	7.01 ▲ 1 (16.64%)
Buxly Paints / Jun 23 Buxly Paints Limited(BUXL)	228.84 ▲ 20.8 (10%)
Dewan Farooque Sp. / Jun 23 Dewan Farooque Spinning Mills Limited(DFSM)	19.69 ▲ 1.79 (10%)
First Fid. Leasing / Jun 23 First Fidelity Leasing Modaraba(FFLM)	24.75 ▲ 2.25 (10%)
J.A.Textile / Jun 23 J.A. Textile Mills Limited(JATM)	30.47 ▲ 2.77 (10%)
Kohat Textile / Jun 23 Kohat Textile Mills Limited(KOHTM)	193.45 ▲ 17.59 (10%)
Mitchells Fruit / Jun 23 Mitchells Fruit Farms Limited(MFFL)	188.94 ▲ 17.18 (10%)
S.G.Power / Jun 23 S.G. Power Limited(SGPL)	73.59 ▲ 6.69 (10%)
Shadab Textile / Jun 23 Shadab Textile Mills Limited(SHDT)	61.83 ▲ 5.62 (10%)
Fateh Sports / Jun 23 Fateh Sports Wear Limited(FSWL)	101.17 ▲ 9.2 (10%)

Stock	Price
Agritech Non-voting / Jun 23 Agritech Non-Voting Preference(AGLNCPS)	36.02 ▼ -3.98 (-9.95%)
Azgard Nine (Non-Voti) / Jun 23 Azgard Nine (Non-Voti)(ANLNV)	7.20 ▼ -0.73 (-9.21%)
First Tri-Star Mod. / Jun 23 First Tri-Star Modaraba(FTSM)	30.74 ▼ -2.93 (-8.7%)
Aisha Steel (CPS) / Jun 23 Aisha Steel Mills Limited (CPS)(ASLCPS)	62.01 ▼ -5.79 (-8.54%)
Oilboy Energy / Jun 23 Oilboy Energy Limited(OBOY)	20.35 ▼ -1.62 (-7.37%)
Quice Food / Jun 23 Quice Food Industries Limited(QUICE)	34.78 ▼ -2.68 (-7.15%)
Aisha Steel(ConPS) / Jun 23 Aisha Steel(ConPS)(ASLPS)	24.12 ▼ -1.78 (-6.87%)
Shahtaj Textile / Jun 23 Shahtaj Textile Limited(STJT)	138.11 ▼ -10.14 (-6.84%)
Din Tex. / Jun 23 Din Textile Mills Limited(DINT)	80.89 ▼ -5.92 (-6.82%)
East West Ins. / Jun 23 East West Insurance Company Limited(EWIC)	45.50 ▼ -3.04 (-6.26%)

Stock	Volume
K-Electric Ltd. / Jun 23 K-Electric Limited(KEL)	63,830,312 ▲ 0.19
Sui South Gas / Jun 23 Sui Southern Gas Company Limited(SSGC)	24,022,374 ▲ 0.74
TPL Corp Ltd / Jun 23 TPL Corp Limited(TPL)	14,735,648 ▼ -0.31
Oilboy Energy / Jun 23 Oilboy Energy Limited(OBOY)	13,519,059 ▼ -1.62
TPL Properties / Jun 23 TPL Properties Limited(TPLP)	13,417,706 ▼ -0.1
Pak Qatar Family / Jun 23 Pak Qatar Family Takaful Limited(PAKQATAR)	9,811,063 ▲ 1.3
Ghani Chem. Ind. / Jun 23 Ghani Chemical Industries Limited(GCIL)	9,150,941 ▼ -0.14
Sitara Petroleum Service / Jun 23 Sitara Petroleum Service Limited(SPSL)	8,993,307 ▲ 0.33
WorldCall Telecom / Jun 23 Worldcall Telecom Limited(WTL)	8,346,419 ▲ 0.01
Sui North Gas / Jun 23 Sui Northern Gas Pipelines Limited(SNGP)	7,817,249 ▲ 2.38

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