News Archives for Pakistan - 2026-05-16 - Business Recorder

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اردو

Jun 08, 2026 اردو

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Pakistan - 2026-05-16

Pakistani minister arrives in Tehran to 'facilitate' US-Iran peace talks: Iranian media

Middle East

Pakistani minister arrives in Tehran to 'facilitate' US-Iran peace talks: Iranian media

Islamabad actively mediating in peace talks between Iran, US

Updated 16 May, 2026 08:47pm

Sindh lifts time restrictions on markets, hotels and malls

Pakistan

Sindh lifts time restrictions on markets, hotels and malls

Fixed closing timings for Sindh businesses, including shops and restaurants, are now lifted, promising greater flexibility and economic vitality

Published 16 May, 2026 01:49pm

Investment, industries essential to activate economy: UBG

Pakistan

Investment, industries essential to activate economy: UBG

KARACHI: Patron-in-Chief of the United Business Group (UBG), S M Tanveer, said that businesses cannot function...

Published 16 May, 2026 02:29am

‘Pakistan highly exposed to climate shocks’

Pakistan

‘Pakistan highly exposed to climate shocks’

ISLAMABAD: International Monetary Fund (IMF) has warned that Pakistan remains highly exposed to climate shocks,...

Published 16 May, 2026 02:29am

Chinese firm to establish digital economy headquarters in Pakistan

Pakistan

Chinese firm to establish digital economy headquarters in Pakistan

ISLAMABAD: A leading Chinese technology company, IBI Beijing United Technology, is set to establish its Digital...

Published 16 May, 2026 02:29am

SOEs reforms must move to sell-off mode, IMF says

Pakistan

SOEs reforms must move to sell-off mode, IMF says

ISLAMABAD: Pakistan’s state-owned enterprises (SOEs) reform agenda must now move from legal and governance changes...

Published 16 May, 2026 02:29am

IMF seeks end to powers of BOI, BOA & SEZs

Pakistan

IMF seeks end to powers of BOI, BOA & SEZs

ISLAMABAD: The International Monetary Fund (IMF) has urged the government to end the powers of the Board of...

Published 16 May, 2026 02:29am

CCoP to offer outright 51pc to 100pc sale of share capital in each Disco

Pakistan

CCoP to offer outright 51pc to 100pc sale of share capital in each Disco

ISLAMABAD: The Cabinet Committee on Privatisation met here on Friday to review key power sector matters and approved...

Published 16 May, 2026 02:29am

Economy witnesses strong recovery since 2023: Jameel

Pakistan

Economy witnesses strong recovery since 2023: Jameel

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Friday that the country’s economy has witnessed...

Published 16 May, 2026 02:29am

Panda bond termed new chapter in China-Pakistan ties

Pakistan

Panda bond termed new chapter in China-Pakistan ties

BEIJING: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Friday addressed the inaugural...

Published 16 May, 2026 02:29am

Govt to maintain tight MP stance

Pakistan

Govt to maintain tight MP stance

ISLAMABAD: The government has committed to the International Monetary Fund (IMF) to maintain an appropriately tight...

Published 16 May, 2026 02:29am

Punjab PA Speaker, US CG discuss bilateral ties

Pakistan

Punjab PA Speaker, US CG discuss bilateral ties

LAHORE: Punjab Assembly Speaker Malik Muhammad Ahmad Khan hosted Stetson Sanders at the Speaker’s Chamber on Friday,...

Published 16 May, 2026 02:29am

PRA shows 51pc growth in revenue in April

Pakistan

PRA shows 51pc growth in revenue in April

LAHORE: The Punjab Revenue Authority (PRA) has demonstrated exceptional revenue performance by recording a 51...

Published 16 May, 2026 02:29am

Pak-US relations strengthened during Trump’s tenure: Naqvi

Pakistan

Pak-US relations strengthened during Trump’s tenure: Naqvi

ISLAMABAD: Interior Minister Mohsin Naqvi on Friday said that Pakistan-US relations have strengthened during...

Published 16 May, 2026 02:29am

Nehal, Korean envoy discuss trade ties

Pakistan

Nehal, Korean envoy discuss trade ties

KARACHI: Consul General of Republic of Korea based in Karachi, Joohoon Kim called on Sindh Governor Syed Muhammad...

Published 16 May, 2026 02:29am

The Weather

Pakistan

The Weather

KARACHI: The weather report on Friday (May 15, 2026) and the forecast for Saturday (May 16 2026)...

Published 16 May, 2026 02:29am

Every Punjab city to be transformed like Lahore: Azma

Pakistan

Every Punjab city to be transformed like Lahore: Azma

LAHORE: Provincial Minister for Information, Azma Bokhari, shared a video on the social media platform X showcasing...

Published 16 May, 2026 02:29am

Auto sector earnings may rise on stronger sales

Pakistan

Auto sector earnings may rise on stronger sales

KARACHI: Pakistan’s automobile sector is expected to post stronger-than-earlier anticipated earnings amid a faster...

Published 16 May, 2026 02:29am

SBP launches ‘Go Cashless’ campaign for Eid

Pakistan

SBP launches ‘Go Cashless’ campaign for Eid

KARACHI: The State Bank of Pakistan (SBP) has launched a nationwide “Go Cashless” campaign for Eid al-Azha 2026 to...

Published 16 May, 2026 02:29am

Vessels seized by US in int’l waters: Dar declares repatriation of 11 citizens, 20 Iranian nationals

Pakistan

Vessels seized by US in int’l waters: Dar declares repatriation of 11 citizens, 20 Iranian nationals

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar on Friday announced the...

Published 16 May, 2026 02:29am

Senate passes SEZs (Amendment), other bills

Pakistan

Senate passes SEZs (Amendment), other bills

ISLAMABAD: The Senate on Friday passed two government bills, including the Special Economic Zones (Amendment) Bill,...

Published 16 May, 2026 02:29am

Fazl announces protests against inflation

Pakistan

Fazl announces protests against inflation

KARACHI: Jamiat Ulema-e-Islam (F) Chief, Maulana Fazl-ur-Rehman has announced nationwide protest demonstrations...

Published 16 May, 2026 02:29am

Ruckus in NA as PTI lawmakers voice concerns over IK’s health

Pakistan

Ruckus in NA as PTI lawmakers voice concerns over IK’s health

ISLAMABAD: The National Assembly descended into commotion on Friday as opposition Pakistan Tehreek-e-Insaf (PTI)...

Published 16 May, 2026 02:29am

LESCO sets up EV information stall at Expo Centre

Pakistan

LESCO sets up EV information stall at Expo Centre

LAHORE: The Lahore Electric Supply Company (LESCO) has established a special awareness and information stall at Expo...

Published 16 May, 2026 02:29am

EETL begins offloading largest LNG cargo in country’s history

Pakistan

EETL begins offloading largest LNG cargo in country’s history

ISLAMABAD: Engro Elengy Terminal (EETL) has successfully received and began offloading the largest LNG cargo in...

Published 16 May, 2026 02:29am

Jam Kamal vows to help resolve issues facing APBUMA

Pakistan

Jam Kamal vows to help resolve issues facing APBUMA

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan, accompanied by Special Secretary Commerce Syed Hamid Ali,...

Published 16 May, 2026 02:29am

Sindh Assembly raises sharp questions about drug cartels

Pakistan

Sindh Assembly raises sharp questions about drug cartels

KARACHI: The Sindh government on Friday pledged to make the high-profile arrest of alleged drug dealer Anmol, alias...

Published 16 May, 2026 02:29am

NA informed: No under-invoicing found in import of used vehicles or solar panels in 5 years

Pakistan

NA informed: No under-invoicing found in import of used vehicles or solar panels in 5 years

ISLAMABAD: Minister of State for Finance Bilal Azhar Kayani informed the National Assembly on Friday that, according...

Published 16 May, 2026 02:29am

LHC transfers 266 ASJs

Pakistan

LHC transfers 266 ASJs

LAHORE: The Lahore High Court (LHC) on Friday ordered the transfer and posting of 266 Additional District and...

Published 16 May, 2026 02:29am

Budget FY27: Kayani hints at tax relief for salaried class

Pakistan

Budget FY27: Kayani hints at tax relief for salaried class

ISLAMABAD: Minister of State for Finance Bilal Azhar Kayani Friday hinted tax relief to salaried class and...

Published 16 May, 2026 02:29am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.61
USD PKR Interbank Buying / Jun 5	278.41
USD to Japanese Yen / Jun 8	160.04
USD to Swiss Franc / Jun 8	0.80
Pound Sterling to USD / Jun 8	1.33
Euro to USD / Jun 8	1.15
SOFR % / Jun 7	3.63

Stock	Volume
S&P 500 / Jun 5	7,383.74
Nasdaq / Jun 5	25,709.43
Dow Jones / Jun 5	50,866.78
India Sensex / Jun 8	73,524.26
Tokyo Nikkei / Jun 8	64,024.60
Hang Seng / Jun 8	24,657.06
FTSE 100 / Jun 8	10,325.11
Germany DAX 30 / Jun 8	24,522.58
France CAC40 / Jun 8	8,152.50

Item	Value
Gold 10 Grams PKR / Jun 5	401,012
Petrol/Litre / Jun 8	377.78
Crude Oil USD/Barrel / Jun 8	94.86
Gold Spot USD/Ounce / Jun 8	4,292.04
Diesel/Litre / Jun 8	380.78
Cotton US¢/pound / Jun 8	78.21

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 8 First Fidelity Leasing Modaraba(FFLM)	8.76 ▲ 1 (12.89%)
Gulistan Sp. / Jun 8 Gulistan Spinning Mills Limited(GUSM)	9.03 ▲ 1 (12.45%)
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	10.33 ▲ 1 (10.72%)
Pak. P.V.C. / Jun 8 Pakistan PVC Limited(PPVC)	19.53 ▲ 1.78 (10.03%)
Cresent Jute / Jun 8 Crescent Jute Products Limited(CJPL)	14.73 ▲ 1.34 (10.01%)
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	12.31 ▲ 1.12 (10.01%)
Oilboy Energy / Jun 8 Oilboy Energy Limited(OBOY)	16.82 ▲ 1.53 (10.01%)
Quantum Data Tech. / Jun 8 Quantum Data Technologies Limited(QTECH)	33.95 ▲ 3.09 (10.01%)
Nagina Cot. / Jun 8 Nagina Cotton Mills Limited(NAGC)	77.94 ▲ 7.09 (10.01%)
Shams Textile / Jun 8 Shams Textile Mills Limited(STML)	41.99 ▲ 3.82 (10.01%)

Stock	Price
Dawood Lawrencepur / Jun 8 Dawood Lawrencepur Limited(DLL)	60.49 ▼ -564.34 (-90.32%)
Azgard Nine (Non-Voti) / Jun 8 Azgard Nine (Non-Voti)(ANLNV)	7.42 ▼ -0.98 (-11.67%)
Ruby Textile / Jun 8 Ruby Textile Mills Limited(RUBY)	18.49 ▼ -2.05 (-9.98%)
Aisha Steel(ConPS) / Jun 8 Aisha Steel(ConPS)(ASLPS)	28.85 ▼ -3.15 (-9.84%)
Elahi Cotton / Jun 8 Elahi Cotton Mills Limited(ELCM)	176.66 ▼ -19.18 (-9.79%)
Javedan Corp.(Pref) / Jun 8 Javedan Corp.(Pref)(JVDCPS)	68.40 ▼ -7.27 (-9.61%)
Ideal Spinning / Jun 8 Ideal Spinning Mills Limited(IDSM)	77.65 ▼ -8.17 (-9.52%)
Power Cem(Pref) / Jun 8 Power Cement (Pref)(POWERPS)	25.57 ▼ -2.46 (-8.78%)
F.Credit & Inv / Jun 8 First Credit and Investment Bank Limited(FCIBL)	37 ▼ -3.49 (-8.62%)
Tri-Star Mutual / Jun 8 Tri-Star Mutual Fund Limited(TSMF)	17.48 ▼ -1.64 (-8.58%)

Stock	Volume
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	60,567,709 ▲ 1
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	42,410,725 ▲ 0.74
Pace (Pak) Ltd. / Jun 8 Pace (Pakistan) Limited(PACE)	26,156,618 ▼ -0.07
Waves Home Appliances / Jun 8 Waves Home Appliances Limited(WAVESAPP)	24,010,462 ▲ 0.06
Thatta Cement / Jun 8 Thatta Cement Company Limited(THCCL)	22,234,491 ▲ 3.04
Beco Steel Ltd / Jun 8 Beco Steel Limited(BECO)	20,895,260 ▼ -0.26
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	20,707,751 ▼ -0.01
Pak Qatar Family / Jun 8 Pak Qatar Family Takaful Limited(PAKQATAR)	20,529,844 ▲ 0.58
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	20,239,775 ▲ 1.12
Pak Qatar Gen.Takaful / Jun 8 Pak Qatar General Takaful Limited(PQGTL)	19,782,746 ▲ 1.67

Income tax calculator for FY 2025-26

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Provinces, special areas, merged districts: centre proposes Rs251.68bn for uplift projects

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Airlink Communication Limited officially launches Hisense in Pakistan, marking a new era for consumer electronics in the country

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PSX new IPOs deliver 47% average return, boosting investor confidence

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