Business & Finance / Money & Banking

Pakistan launches InvestPak Portal, eyes to reduce govt reliance on banks

Updated 06 Jul, 2026 01:02pm

Govt aims to free up banks for private sector lending

Banks say shift in cost of remittances to burden them, dent profitability

Updated 04 Jul, 2026 11:35pm

SBP reports remittances cost at Rs76bn in FY26, projects cost to grow to Rs85-90bn in FY27

Govt opens Prime Minister's Apna Ghar Program to NBFCs to widen access

Updated 04 Jul, 2026 04:23pm

Access affordable housing with a subsidized 5% profit rate for 10 years, as the PM-AGP leverages NBFCs to reach more citizens nationwide

India's ICICI Bank to join peers in dollar debt funding under RBI swap window, sources say

Published 03 Jul, 2026 07:30pm

The lender is expected to raise at least $500 million through a likely five-year bond issue

Indian rupee drifts lower

Published 03 Jul, 2026 06:32am

MUMBAI: The Indian rupee declined for the fourth consecutive session against the dollar on Thursday as market flows...

PACRA upgrades Soneri Bank’s rating to AA

Published 03 Jul, 2026 05:13am

KARACHI: The Pakistan Credit Rating Agency (PACRA) has upgraded Soneri Bank’s Long-Term Entity Rating from AA- to...

SBP to discontinue Sohni Dharti Remittance Program

Published 02 Jul, 2026 03:03pm

SBP will cease new reward points for the Sohni Dharti Remittance Program by July 2026, concluding a key incentive for foreign exchange inflows

SBP ends reimbursement scheme for remittance transfer fees

Published 02 Jul, 2026 02:19pm

The State Bank of Pakistan (SBP) has discontinued a government-backed incentive scheme that reimbursed banks for...

India central bank chief sees case for lower inflation target in long run

Published 01 Jul, 2026 08:06pm

Says does not expect the inflation target to be raised in the foreseeable future

Pakistan eyes fully Shariah-compliant financial sector from 2028

Updated 01 Jul, 2026 11:24pm

ISLAMABAD: The government has unveiled a strategy to transform Pakistan’s financial sector into a fully...

Deutsche Bank sells India retail business to Kotak Mahindra

Published 30 Jun, 2026 07:18pm

The exit 'represents a further step in simplifying our business and focusing on our strengths as we further enhance our profitability', says Deutsche Bank

Indian banks' bad loans to remain below 2% through 2028, RBI report says

Published 30 Jun, 2026 07:01pm

Gross bad loan ratio is the proportion of non-performing or bad assets to total loans, with figures under 2% considered a healthy ratio

SBP-held forex reserves fall by $1.305bn on external debt repayments

Updated 29 Jun, 2026 09:45pm

Central bank says $2.4bn inflows to reflect in its FX reserves as on June 30

India's Yes Bank to raise up to $1.7 billion via equity, debt issue

Published 29 Jun, 2026 07:58pm

Yes Bank says the fundraising will not result in more than a 10% dilution of existing shareholders' stake

India's IIFCL plans $1 billion loan; in talks for $400 million ADB funding

Published 29 Jun, 2026 04:52pm

The $1 billion loan will be for 15 years at an interest rate of under 7%

Some Indian banks poised for interest margin gains as short-term funding costs fall

Published 29 Jun, 2026 04:47pm

Reserve Bank of India’s moves to attract foreign currency inflows are expected to bring in billions of dollars

India's HDFC Bank says legal review finds no basis for ex-chair's claims

Published 27 Jun, 2026 12:18pm

Chakraborty’s sudden exit wipes out nearly 14% of the bank’s market value—about $16 billion—in the following weeks

Bank holiday

Published 25 Jun, 2026 07:17am

KARACHI: The State Bank of Pakistan will remain closed for public dealing on Wednesday, July 01, 2026, which will be...

India's central bank issues revised rules on banks computation of FX risk exposure

Published 24 Jun, 2026 05:58pm

The central bank has removed the separate calculation of onshore and offshore net open positions for banks

India's PFC becomes first non-bank lender to tap dollar debt after RBI subsidy, bankers say

Published 23 Jun, 2026 06:45pm

The step forms part of a wider RBI push to draw in dollar inflows and bolster the Indian rupee

Kotak Mahindra Bank has 'high ambitions' to deploy capital for growth, CEO says

Published 23 Jun, 2026 06:15pm

The bank is looking for other opportunities in infrastructure that underpins financial markets

India's RBI to allow domestic banks to extend loans against overseas FX deposits

Published 23 Jun, 2026 06:09pm

The move is expected to boost the overall amount of FX deposits garnered via the route

SBP releases MPC calendar for FY27, doubles press briefings

Published 23 Jun, 2026 03:50pm

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

India's central bank sold net $8.9 billion in April, gold holdings unchanged

Published 22 Jun, 2026 07:37pm

The Reserve Bank of India says in its monthly bulletin that it purchases $16.23 billion and sells $25.17 billion in April

Indian banks push for lending via GIFT City units in dollar deposit scheme, sources say

Published 19 Jun, 2026 06:29pm

'Most banks have branches in GIFT City, but many of them do not have a presence in foreign countries'

Askari Bank wins four prestigious Pakistan Digital Awards 2026

The central bank’s Monetary Policy Committee voted 7-2 to keep rates on hold

ADB approves $700mn loan for Pakistan’s insurance sector

Updated 18 Jun, 2026 10:53pm

Insurance Transformation Program will strengthen Pakistan’s financial resilience by deepening insurance markets and expanding financial protection

India's central bank not in favour of offshore settlement for sovereign bonds, sources say

Published 17 Jun, 2026 07:50pm

RBI wants overseas investors to participate directly on the domestic Negotiated Dealing System-Order Matching (NDS-OM) platform

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 3	278.32
USD PKR Interbank Buying / Jul 3	278.12
USD to Japanese Yen / Jul 6	161.95
USD to Swiss Franc / Jul 6	0.80
Pound Sterling to USD / Jul 6	1.33
Euro to USD / Jul 6	1.14
SOFR % / Jul 5	3.66

Stock	Volume
S&P 500 / Jul 2	7,483.24
Nasdaq / Jul 2	25,832.67
Dow Jones / Jul 2	52,900.07
India Sensex / Jul 6	78,246.11
Tokyo Nikkei / Jul 6	69,476.37
Hang Seng / Jul 6	23,555.72
FTSE 100 / Jul 6	10,714.13
Germany DAX 30 / Jul 6	25,870.97
France CAC40 / Jul 6	8,560.38

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 2	17,780
Gold 10 Grams PKR / Jul 3	378,031
Petrol/Litre / Jul 6	297.53
Crude Oil USD/Barrel / Jul 6	68.68
Gold Spot USD/Ounce / Jul 6	4,152.05
Diesel/Litre / Jul 6	309.50
Cotton US¢/pound / Jul 6	77.12

Gainers
Losers
Leaders

Stock	Price
Tariq Corp. (R) / Jul 6 Tariq Corporation Limited(Right)(TCORPR2)	5.42 ▲ 1 (22.62%)
Premier Insurance / Jul 6 Premier Insurance Limited(PINL)	10.51 ▲ 1 (10.52%)
Habib Insurance / Jul 6 Habib Insurance Company Limited(HICL)	11.50 ▲ 1.05 (10.05%)
Tri-Star Power / Jul 6 Tri-Star Power Limited(TSPL)	18.12 ▲ 1.65 (10.02%)
Aruj Industries / Jul 6 Aruj Industries Limited(ARUJ)	11.54 ▲ 1.05 (10.01%)
Cordoba Logistics / Jul 6 Cordoba Logistics & Ventures Limited(CLVL)	22.41 ▲ 2.04 (10.01%)
Dewan Farooque Sp. / Jul 6 Dewan Farooque Spinning Mills Limited(DFSM)	32.87 ▲ 2.99 (10.01%)
Leather Up Ltd. / Jul 6 Leather Up Limited(LEUL)	44.83 ▲ 4.08 (10.01%)
Pak Gen.Ins. / Jul 6 The Pakistan General Insurance Co. Ltd.(PKGI)	19.68 ▲ 1.79 (10.01%)
Ansari Sug. / Jul 6 Ansari Sugar Mills Limited(ANSM)	34.43 ▲ 3.13 (10%)

Stock	Price
Pakistan Credit Rating Agency / Jul 6 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	44.02 ▼ -4.89 (-10%)
First Fid. Leasing / Jul 6 First Fidelity Leasing Modaraba(FFLM)	21.63 ▼ -2.4 (-9.99%)
Tri-Star Mutual / Jul 6 Tri-Star Mutual Fund Limited(TSMF)	18.05 ▼ -1.97 (-9.84%)
Pak Agro Pack. (GEM) / Jul 6 Pak Agro Packaging Limited (GEM)(GEMPAPL)	12.02 ▼ -1.23 (-9.28%)
HBL Total Tre. ETF / Jul 6 HBL Total Treasury ETF(HBLTETF)	104.67 ▼ -8.9 (-7.84%)
Asim Textile / Jul 6 Asim Textile Mills Limited(ASTM)	25.43 ▼ -2.09 (-7.59%)
Paramount Mod / Jul 6 First Paramount Modaraba(FPRM)	14.82 ▼ -1.17 (-7.32%)
Dewan Textile / Jul 6 Dewan Textile Mills Limited(DWTM)	11.23 ▼ -0.87 (-7.19%)
Kohat Textile / Jul 6 Kohat Textile Mills Limited(KOHTM)	151.23 ▼ -11.49 (-7.06%)
Redco Textile / Jul 6 Redco Textiles Limited(REDCO)	32.85 ▼ -2.24 (-6.38%)

Stock	Volume
TPL Properties / Jul 6 TPL Properties Limited(TPLP)	66,770,551 ▲ 0.9
Lotte Chemical / Jul 6 Lotte Chemical Pakistan Limited(LOTCHEM)	42,069,179 ▲ 1.18
TPL REIT Fund I / Jul 6 TPL REIT Fund I(TPLRF1)	36,545,201 ▼ -0.09
Cnergyico PK / Jul 6 Cnergyico PK Limited(CNERGY)	28,865,720 ▲ 0.18
B.O.Punjab / Jul 6 The Bank of Punjab(BOP)	28,228,777 ▲ 0.28
Ghani Chem. Ind. / Jul 6 Ghani Chemical Industries Limited(GCIL)	27,957,329 ▲ 0.84
Sitara Petroleum Service / Jul 6 Sitara Petroleum Service Limited(SPSL)	26,304,562 ▼ -0.01
Pak Elektron / Jul 6 Pak Elektron Limited(PAEL)	22,354,525 ▲ 1.33
Maple Leaf Cement / Jul 6 Maple Leaf Cement Factory Limited(MLCF)	19,843,892 ▲ 2.34
TPL Corp Ltd / Jul 6 TPL Corp Limited(TPL)	18,767,081 ▲ 0.36

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