News Archives for Business & Finance - 2026-01-01

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Business & Finance - 2026-01-01

South Asia

Indian tobacco stocks tank as government levies new tax on cigarettes

ITC shares plunged to 365.50 rupees, their lowest level since April 2023

Published 01 Jan, 2026 11:12pm

Markets

India’s Vodafone Idea gets $71 million tax penalty

Vodafone Idea said it does not agree with the penalty order and would take legal action against the same

Published 01 Jan, 2026 08:29pm

Mutual Funds

India bonds little changed on first day of 2026 as demand falters

The benchmark 10-year yield closed at 6.5818%

Published 01 Jan, 2026 07:59pm

Markets

China’s BYD logs record EV sales in 2025

Tesla is expected to announce its total EV sales for last year on Friday

Published 01 Jan, 2026 05:25pm

Markets

India’s top carmakers log December sales jump as tax cuts fuel demand

Sales of its utility vehicles climbed 33%, and total sales to domestic dealers jumped 37%

Published 01 Jan, 2026 04:40pm

Companies

Systems Limited appoints Saquib Ahmad as Global Chief Growth Officer

Saquib Ahmad has assumed the role of Global Chief Growth Officer at Systems Limited, one of Pakistan’s largest...

Published 01 Jan, 2026 04:29pm

Business & Finance

Pharma industry booms in 2025, thanks to deregulation and structural reforms

Several local manufacturers expanded into new lines such as vaccines, biotechnology-based products

Published 01 Jan, 2026 04:27pm

Financial

Gold price drops by Rs2,400 per tola in Pakistan

International rate of gold declines by $24 to reach $4,322 per ounce

Published 01 Jan, 2026 04:18pm

Forex

SBP-held foreign exchange reserves reports marginal increase

Total liquid reserves clock in at $21.01bn

Published 01 Jan, 2026 04:16pm

Business & Finance

No outright sale of Roosevelt Hotel, says privatisation chief

Hotel will be privatised through a joint-venture or redevelopment model, says Muhammad Ali

Published 01 Jan, 2026 04:09pm

Interest Rates

The calm after the storm: Pakistan’s inflation in 2025

Although inflation slowed this year, the cost of living has remained a challenge

Published 01 Jan, 2026 03:42pm

Statistics

Inflation in Pakistan clocks in at 5.6% in December 2025

On a month-on-month basis, it decreased by 0.4%

Published 01 Jan, 2026 02:41pm

Markets

Oman approves 2026 budget with deficit of $1.4 billion, state news agency says

Oman, a small Gulf oil producer, approved on Thursday its 2026 budget with a deficit of 530 million Omani Rials

Published 01 Jan, 2026 01:19pm

Energy

OGDCL receives Rs8.3bn from Uch Power

The Oil and Gas Development Company (OGDCL) announced on Thursday that it received Rs8.3 billion from Uch Power...

Published 01 Jan, 2026 01:18pm

Business & Finance

OGDCL makes significant oil and gas discovery in Khyber Pakhtunkhwa

Discovery made with its joint venture partners — PPL and GHPL

Published 01 Jan, 2026 12:39pm

Energy

Pakistan’s oil marketing sector heading for forced exits, warns report

There are 44 licensed OMCs in Pakistan, yet 60% of volumes sit with just three players, finds report

Updated 01 Jan, 2026 12:40pm

Markets

Why did govt decide to give cotton export approval to the SBP?

Ensuring timely realisation of export proceeds requires proper monitoring, which falls under the SBP, explained one expert

Updated 01 Jan, 2026 04:36pm

Business & Finance

CEO of shoemaker Bata Pakistan resigns

Notice to the PSX says the Board of Directors will fill the casual vacancy arising from the above resignation in due course

Updated 01 Jan, 2026 01:27pm

Markets

South Korea Dec exports beat forecasts, wraps 2025 at a record

Imports also gained 4.6% in December from a year earlier to $57.40 billion

Published 01 Jan, 2026 11:02am

Forex

Indian rupee traders look for cues after RBI dominates recent price action

The rupee had settled at 89.87 on the last trading day of 2025, registering a decline of nearly 5% over the year

Published 01 Jan, 2026 10:45am

Mutual Funds

India bonds dip as supply fears carry into 2026

Bond yields rise when prices fall

Published 01 Jan, 2026 10:32am

Technology

US grants TSMC annual licence to import US chipmaking tools into China

South Korea’s Samsung Electronics and SK Hynix have also received similar import licences

Published 01 Jan, 2026 10:30am

Stocks

PSX starts 2026 at record high, KSE-100 gains over 2,300 points

Benchmark index settles at 176,355.49

Updated 01 Jan, 2026 05:34pm

Companies

GWM Pakistan marks 25,000 vehicles produced

GWM Pakistan has reached a significant production milestone with the completion of 25,000 units. This achievement...

Updated 01 Jan, 2026 12:42pm

Companies

JazzCash crosses 57m customer mark

ISLAMABAD: JazzCash has crossed 57 million customers, underscoring the rapid adoption of digital payments in...

Published 01 Jan, 2026 08:07am

Agriculture and Allied

Country faces most difficult agricultural year in 2025

LAHORE: Farmers’ organisations have described 2025 as one of the most difficult years for Pakistan’s agriculture...

Published 01 Jan, 2026 08:01am

Pakistan

‘PAMRA implementing reforms to digitalise agri markets’

LAHORE: The Punjab Agricultural Marketing Regulatory Authority (PAMRA) is implementing comprehensive reforms to...

Published 01 Jan, 2026 07:42am

Stocks

Indian shares likely to start 2026 on positive note; auto stocks in focus

The Gift Nifty futures were trading at 26,335 points

Published 01 Jan, 2026 07:37am

USA

Drugmakers raise US prices on 350 medicines despite pressure from Trump

Drugmakers plan to raise US prices on at least 350 branded medications including vaccines against COVID, RSV and...

Published 01 Jan, 2026 07:36am

Pakistan

Pharma co gets payment of Rs322m on Ombudsman’s intervention

LAHORE: The Office of the Ombudsman Punjab has successfully resolved a pending payment dispute, ensuring the release...

Updated 01 Jan, 2026 08:36am

Industry

Sindh govt reaffirms its commitment to economic growth: Nadir Gabol

KARACHI: Nadir Nabil Gabol, Spokesperson for the Government of Sindh, visited the Karachi Chamber of Commerce and...