Business - DAWN.COM

Indian magnate Adani agrees to multi-million-dollar penalty in US court case

Adani, Modi's close ally, was accused of having participated in an estimated $250 million scheme to bribe Indian officials for lucrative solar energy supply contracts.

Published 15 May, 2026 01:17pm

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
HIRATNC	10.19	1	10.88 ▲	2,458,132
CSIL	6.38	0.59	10.19 ▲	29,839,934
GEMNETS	21	1.91	10.01 ▲	1,000
MSCL	33.63	3.06	10.01 ▲	2,270,921
DADX	60.7	5.52	10.00 ▲	17,428

Company	Price	Change	Change %	Volume
SGPL	61.17	-6.8	-10.00 ▼	4,644,080
ASLCPS	61.98	-6.85	-9.95 ▼	2,931
TSMF	16.93	-1.87	-9.95 ▼	174,220
TCORPCPS	12.4	-1.36	-9.88 ▼	498,419
ASIC	30.56	-3.31	-9.77 ▼	703

Source: PSX | Updated May 15, 2026

IMF highlights ‘Gulf exposure’ as biggest external risk for Pakistan

Notes that a significant disruption to the GCC economies and return of migrant workers could weigh on these flows, a major source of financing for consumption and the balance of payments.

Updated 15 May, 2026 07:30am

India raises retail fuel prices for first time since Mideast war began

Diesel in Delhi will cost 90.67 Indian rupees per litre and petrol 97.77, reflecting increases of 3.4pc and 3.2pc, respectively.

Published 15 May, 2026 11:26am

Branded Content

K&N's SmartCooking Recipes: Creamy Tawa Wings with Boiled Rice

Creamy spiced combo wings cooked with tomatoes and aromatic spices served hot with boiled rice.

Pakistan’s first premium plug-in hybrid E-SUV officially hits the roads as Chery Master begins Tiggo 9 PHEV deliveries

This accelerated rollout is backed by the manufacturing strength, operational capability and over 60 years of industrial and automotive legacy of Master Group.

'Where Silence Falls and Survival Speaks': The last guardian of Gabral Valley

In the remote Hindu Kush, Gabral Valley empties each year as winter approaches, leaving behind only one man who stays to guard its frozen silence.

Pakistan joins top tyre exporters

Service Long March Tyres Ltd has recorded strong export growth across the US, Brazil, South Africa and Egypt.

Updated 15 May, 2026 08:41am

IP violations cost Rs860bn, finds Overseas Investors Chamber of Commerce and Industry survey

Trademark violations rated the most prevalent form of infringement.

Updated 15 May, 2026 08:48am

Cotton prices surge as season starts early

Four ginning factories in Khanewal and one in Burewala have started cotton ginning after partial cotton picking began in Sindh’s coastal areas.

Published 15 May, 2026 07:51am

Leather exporters flag high costs

Seek lower duties, simpler compliance in budget proposals.

Published 15 May, 2026 07:50am

Pakistan Stock Exchange slides for fifth straight session

Index drops 952 points amid economic uncertainty.

Updated 15 May, 2026 08:35am

PM forms task force to devise policy on waste-to-energy projects

Task force will examine international best practices related to waste-to-energy generation and identify legal, regulatory, financial and operational barriers hindering the sector.

Updated 15 May, 2026 07:57am

Pakistan raises $250m equivalent in inaugural Panda bond issuance

The Panda bond is a three-year fixed-rate instrument, making it Pakistan’s first-ever renminbi (RMB)-denominated sovereign issuance in China’s onshore capital market.

Published 14 May, 2026 09:02pm