Recent Financial News in the 'business' category
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Tuesday, September 22 2026
KSE-100 gains over 268 points as oil prices ease
Pakistan equities opened the week on a firmer footing on Monday, with the benchmark KSE-100 index gaining ground as easing oil prices and hopes for diplomatic progress on the Iran conflict encouraged buying interest, although the early rally lost some momentum during the session.
The KSE-100 index ultimately posted a thin gain of 268.58 points, or 0.16%, to close at 171,153.17. The index traded between an intraday high of 171,732.62 and a low of 170,902.76.
The positive sentiment was supported by a decline in oil prices as traders monitored the pace of Saudi Arabia’s oil shipment recovery following missile and drone attacks by Iran-backed Houthis on Saturday.
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FM Dar stresses importance of GSP+ status in meeting with EU foreign policy chief
Deputy Prime Minister and Foreign Minister Ishaq Dar stressed the significance of GSP+ status for Pakistan’s trade relations with the European Union (EU) in a meeting with EU High Representative for Foreign Affairs and Security Policy Kaja Kallas on Monday.
According to a statement issued by the Foreign Office, the meeting took place on the sidelines of the 81st session of the United Nations General Assembly (UNGA), currently underway in New York.
The deputy premier highlighted the importance Pakistan attaches to its partnership with the European Union, particularly in trade and economic cooperation. He stressed the significance of GSP+ for Pakistan’s trade relations with the EU, the FO said.
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Pakistan power generation grows 5% YoY; fuel cost climbs 38% in August
Power generation in Pakistan reached 14,943 GWh in August 2026, up 5.1% YoY from August 2025. Back in August 2025, power generation stood at 14,218 GWh.
“While still below the 16,176 GWh peak recorded in Aug’21, the rebound is encouraging for power-sector activity and broader economic growth,” said Arif Habib Limited (AHL) in a note on Monday.
On a monthly basis, power generation declined by 1% from 15,122 GWh in July 2026.
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Gold price drops by Rs2,700 per tola in Pakistan
Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs457,536 after a decline of Rs2,700 during the day.
Similarly, 10-gram gold was sold at Rs392,263 after it fell by Rs2,315, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Saturday, gold price per tola reached Rs460,236 after a decline of Rs100 during the day.
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Pakistan secures another Qatari LNG cargo
Pakistan has negotiated with Iran to secure safe passage through the Strait of Hormuz for another liquefied natural gas (LNG) shipment, providing some relief to the country as it faces a growing energy crunch, Bloomberg reported on Monday.
According to the report, the LNG tanker, which loaded its cargo from Qatar’s Ras Laffan facility in late June, crossed the Strait of Hormuz over the weekend and is expected to reach Pakistan’s LNG import facility by Tuesday, according to ship-tracking data.
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