Business
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Islamic money market turnover hits Rs142.6b
Musharaka contracts at 11.5% dominate as banks manage short-term liquidity
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PSX cheers US-Iran ceasefire hopes
KSE-100 index surges 2,238 points; FFC leads rally after signing $1.1b China deal
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Eid animal trade largely cash-based
Over Rs640b transactions, 7.4m animals sacrificed as banks facilitate ATM access
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Rs17.1tr budget proposed for FY27
Growth target 4.1%, employees demand 100% salary rise as IMF limits fiscal space
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SBP reserves rise $66m in a week
Central bank injects over Rs650b into banking system; gold falls despite global rebound
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AI firm Anthropic's valuation surges to $965b
Beats OpenAI in battle for dominance in rapidly evolving AI sector
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DAP prices surge to Rs16,000/bag
Near-term supply likely to improve with arrival of import shipments in June
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Global bonds take wild ride in May
Iran war sends global yields to multi-year highs; investors fret over inflation shock, public debt
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Rising exports lower US goods trade deficit
Narrows 3.4% to $82.4b in April; exports of goods jump 4.0%, imports increase 1.9%
