Thursday, June 11 2026

KSE-100 loses over 300 points
Selling pressure continued at the Pakistan Stock Exchange (PSX) with the benchmark KSE-100 Index shedding over 300 points during the opening minutes of trading on Thursday. At 9:39am, the benchmark index was hovering at 169,091.20, down by 336.24 points or 0.20%. Meanwhile, selling pressure was observed in key sectors including automobile, cement, and commercial banks. On Wednesday, the benchmark KSE-100 Index declined by 903.12 points or 0.53 percent to close at 169,427.44 points compared to the previous close of 170,330.56 points.
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Shares retreat as techs extend losses, US strikes on Iran lift oil
Asian stocks fell on Thursday, weighed down by a Wall Street selloff after a hotter-than-expected U.S. inflation reading, while renewed US strikes on Iran fuelled a rise in oil prices. MSCI’s broadest index of ​Asia-Pacific shares outside Japan was down 0.9%, led by a 3% drop in South Korea’s ‌KOSPI. S&P 500 e-mini futures were 0.3% lower. The United States began a fresh round of strikes against multiple targets in Iran, the US military said on Wednesday, hours after President Donald Trump vowed new attacks if no peace deal is secured. ​Iran announced the closure of the Strait of Hormuz in response.
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FBR to arrange technical briefing on budget tomorrow
The Federal Board of Revenue (FBR) has decided to arrange a technical briefing on the federal budget including Finance Bill 2026, taxation measures, revenue implications and amendments in the federal tax laws on Friday. The technical briefing will be held at the FBR House after conclusion of the budget speech in the Parliament. This will allow journalists and stakeholders to receive detailed explanations of tax proposals and fiscal measures announced in the Finance Bill 2026. The session marks a return to the traditional post-budget practice that was disrupted last year, when the FBR did not conduct the traditional technical briefing before the finance minister’s post-budget press conference.
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Power regulator drops show-cause notice against LPCL
National Electric Power Regulatory Authority (NEPRA) has closed show cause notice issued to Lalpir Power Company Limited (LPCL) over its alleged failure to timely restart operations following the nationwide power system collapse in January 2023. According to official details, the countrywide blackout occurred on January 23, 2023 at 07:34:43 hrs, plunging the entire nation into darkness. The system was restored after approximately 20 hours on January 24, 2023. NEPRA, as the sector regulator, took cognizance of the incident and constituted an Inquiry Committee (IC) to investigate the causes. The committee conducted site visits to power plants, grid stations, and relevant offices, and examined documents to reach its conclusions.
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Related symbols: lpl (news stock)

Pakistan receives highest-ever monthly remittances
Pakistan received a record USD 4.25 billion in workers’ remittances in May 2026, the highest monthly inflow ever recorded, offering a significant boost to the country’s external account and foreign exchange reserves. The State Bank of Pakistan (SBP) on Wednesday reported that workers’ remittances maintained their strong growth momentum, rising by 20.2 percent month-on-month and 15.4 percent year-on-year in May 2026. Pakistan received USD 4.25 billion in remittances in May 2026, compared to USD 3.57 billion in April 2026 and USD 3.685 billion in May 2025, reflecting the continued confidence and support of overseas Pakistanis for the country’s economy.
Related news categories: business economic-indicators misc