News Archives for Business & Finance - 2026-01-08

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Business & Finance - 2026-01-08

Business & Finance

Deregulating sugar sector: experts laud govt decision

Pakistan Business Forum Chief Organiser Ahmad Jawad said deregulation has the potential to enhance efficiency, promote competition, and improve long-term sustainability

Updated 09 Jan, 2026 03:52pm

Companies

Indian top IT firms set for another tepid quarter on weak US demand, client spending

The broader $283 billion Indian IT industry continues to face macro headwinds

Published 08 Jan, 2026 09:16pm

Companies

India defends antitrust penalty law in Apple fight

The law “aligns Indian competition law enforcement with established international practice"

Published 08 Jan, 2026 09:12pm

Companies

Unilever’s India arm gets $174 million tax order

Indian consumer goods firm Hindustan Unilever said on Thursday it had received an order from a tax authority seeking...

Published 08 Jan, 2026 09:08pm

Companies

Less than zero: Paramount reaffirms Warner Bros offer, dumps on cable spinoff

Its all-cash $30-per-share offer for the whole of Warner Bros is superior to Netflix’s $27.75 a share cash

Published 08 Jan, 2026 08:48pm

Stocks

Gulf stocks end mixed ahead of US jobs data; Egypt extends gainsc

Saudi Arabia’s benchmark stock index edged up 0.2%

Published 08 Jan, 2026 08:41pm

South Asia

India’s Reliance Industries will consider buying Venezuelan oil

"We await clarity on access for Venezuelan oil by non-US buyers and will consider buying the oil in a compliant manner," Reliance said

Published 08 Jan, 2026 08:35pm

Markets

US trade gap shrinks to smallest since 2009 as imports fall

The overall trade gap plunged 39 percent to $29.4 billion in October

Published 08 Jan, 2026 07:55pm

Markets

SBP-held foreign exchange reserves rise to $16.056 billion

Country’s total liquid foreign reserves to $21.192 billion

Published 08 Jan, 2026 07:55pm

Commodities

India sugar export deals gain traction on lower prices, weak currency

Mills used to get better prices from exports than from the domestic market. This time, there’s no real incentive to export

Published 08 Jan, 2026 06:33pm

Money & Banking

Seven Pakistani banks make it to S&P Global’s ‘best performing Asia-Pacific bank stocks in 2025’

Bank of Punjab was the top performer in 2025, posting a return of 334% in 2025

Updated 08 Jan, 2026 10:58pm

Commodities

Asia rice: India, Vietnam rice prices unchanged, Thai rates fall on muffled demand

India’s 5% broken parboiled variety was quoted at $355-$360 per ton

Published 08 Jan, 2026 05:46pm

Markets

India’s RBI considering fresh exporter relief steps after low take‑up of loan moratorium, sources say

Donald Trump warned that tariffs could rise further unless India curbs its Russian oil imports

Published 08 Jan, 2026 05:43pm

Financial

India bonds slip as wary traders eye weekly debt sale

Benchmark 10-year bond yield closed at 6.6290%,

Published 08 Jan, 2026 05:38pm

Stocks

Broad gains lead Sri Lanka shares 1% higher

CSE All-Share index settled 1% higher at 23,527.13

Published 08 Jan, 2026 05:35pm

Commodities

Copper and nickel fall on profit-taking

Benchmark three-month copper on the London Metal Exchange fell 0.3% to $12,853 per metric ton

Published 08 Jan, 2026 04:39pm

World

India regulator alleges Bank of America breached insider trading rules in 2024 deal

The investigation found the bank’s deal team, while holding unpublished price-sensitive information on the share sale, contacted potential investors “directly/indirectly”

Published 08 Jan, 2026 04:34pm

Commodities

Palm rises for a second session on Indonesia’s levy hike plan

Dalian’s most-active soyoil contract rose 0.2%

Published 08 Jan, 2026 04:17pm

South Asia

India plans to scrap curbs on Chinese firms bidding for government contracts, sources say

Officials are working to remove the registration requirement for bidders from bordering nations

Published 08 Jan, 2026 04:13pm

Forex

Indian rupee slides as tariff woes, outflows blunt impact of RBI intervention

The combined effect of 500% tariffs proposed by U.S., fall in equity markets

Published 08 Jan, 2026 04:09pm

Companies

Etihad delivers Etihad Garden Phase - II ahead of schedule, launches Phase - III in Rahim Yar Khan

Etihad Town has once again demonstrated execution excellence by delivering possession of Etihad Gardens Phase - II...

Published 08 Jan, 2026 04:09pm

Stocks

India’s stock benchmarks fall most in over 4 months on renewed US tariff jitters

Nifty 50 fell 1.01% to 25,876.85 and the Sensex lost 0.92% to 84,180.96

Published 08 Jan, 2026 04:06pm

Business & Finance

Ferry terminal inaugurated at Karachi Port Trust

Move described as a 'gateway to economic opportunities, tourism promotion and regional connectivity'

Updated 08 Jan, 2026 03:57pm

Business & Finance

After Islamabad, PIA to resume flights to London from Lahore

First flight, PK-757, will depart from Lahore to London on 30 March

Updated 08 Jan, 2026 11:10pm

Companies

Bata Pakistan appoints Ahsan Umar as new CEO

Bata Pakistan Limited has appointed Ahsan Umar as its new Chief Executive (CEO) following the resignation of...

Published 08 Jan, 2026 02:32pm

Business & Finance

Stylers International announces key appointments

Stylers International Limited announced on Thursday key appointments in the company. The company revealed this in a...

Published 08 Jan, 2026 01:28pm

Financial

Gold price drops by Rs600 per tola in Pakistan

International rate of gold declines by $6

Published 08 Jan, 2026 01:13pm

Forex

China’s yuan firms up after nearing key 7 level

The onshore spot yuan opened at 6.9960 per dollar following a weaker official fix, nearly slipping to 7 before rebounding to 6.9790, near a 32-month high

Published 08 Jan, 2026 01:11pm

Stocks

China blue-chips fall as financials drag; Hong Kong down

In Hong Kong, the Hang Seng Index declined 1.2%

Published 08 Jan, 2026 01:09pm

Commodities

Chicago soybeans slip on South America outlook; wheat gains on US Plains dryness

The most-active soy contract on the Chicago Board of Trade (CBOT) fell 0.33% to $10.63-1/2 a bushel

Published 08 Jan, 2026 01:05pm

Energy

Shell narrows outlook for third-quarter LNG output

It previously forecast 7.4 million to 8 million tons

Published 08 Jan, 2026 12:19pm

Technology

Visa confident in Pakistan’s payments ecosystem amid economic stabilisation

Visa, a global payments technology company, has underscored its commitment to expanding digital payments and...

Published 08 Jan, 2026 12:06pm

Stocks

Australia shares edge up as banks, healthcare gains overshadow mining losses

The S&P/ASX 200 index edged up 0.1% to 8,707.50

Published 08 Jan, 2026 11:05am

Forex

Australian dollar hovers near highs on many crosses, bonds rally

Overnight, the Aussie hit a fresh 12-year top on the kiwi at NZ$1.1691 and scaled a new 17-month high on the yen at 105.93

Published 08 Jan, 2026 10:58am

Stocks

Japan’s Nikkei falls a second day as AI, chemical shares give up gains

The Nikkei 225 Index fell 0.6% to 51,660.50 as of the midday break

Published 08 Jan, 2026 10:56am

Commodities

Iron ore retreats after four-day rally as investors book profits

The benchmark February iron ore on the Singapore Exchange fell 0.78% to $108.2 a ton

Published 08 Jan, 2026 10:47am

Bullion Rate

Gold edges down on firm dollar as investors await key jobs data

Spot gold lost 0.3% to $4,440.67 per ounce

Published 08 Jan, 2026 10:39am

Stocks

Profit-taking trims gains, KSE-100 sheds nearly 1,000 points

Benchmark index settles at 185,543.01

Updated 08 Jan, 2026 05:16pm

Energy

Indonesia produces 605,300 barrels of oil per day in 2025

Natural gas output last year stood at 951,800 barrels of oil equivalent per day

Published 08 Jan, 2026 10:36am

Commodities

Indonesia coal production falls to 790 million metric tons in 2025

Indonesia exported 514 million tons of coal in 2025

Published 08 Jan, 2026 10:33am

Mutual Funds

With no new catalysts, India bonds stay flat as traders brace for supply

The benchmark 10-year 6.48% 2035 bond yield was at 6.6098%

Published 08 Jan, 2026 10:31am

Forex

Indian rupee’s RBI-led push past 90 risks reversal on dollar strength, hedging

The 1-month non-deliverable forward indicated the rupee will open in the 89.92-89.96 range versus the US dollar

Published 08 Jan, 2026 10:27am

Stocks

India stock benchmarks set for muted open on tariff worries, foreign outflows

The Gift Nifty futures were trading at 26,188.5 points

Published 08 Jan, 2026 10:24am

Pakistan

Pakistan, Saudi in talks on JF-17 jets-for-loans deal, sources say

The two allies are moving to operationalise defence cooperation

Published 08 Jan, 2026 10:22am

Exchange

Rupee registers slight improvement against US dollar

Currency settles at 280.05 against greenback

Updated 08 Jan, 2026 08:38pm

Energy

Govt approves fresh Mari gas allocation for key fertiliser plants

Mari Energies Limited, one of Pakistan’s largest E&P companies, on Thursday informed that the federal government...

Updated 09 Jan, 2026 11:37am

Stocks

Oil prices recover, stocks wobble as investors weigh geopolitics, US data

MSCI's broadest index of Asia-Pacific shares outside Japan swung between losses and gains while Japan's Nikkei fell 0.74%

Published 08 Jan, 2026 08:08am

Forex

Dollar holds steady as mixed data sets up Friday’s jobs report

The yen was flat at 156.78 per US dollar as traders remained reluctant in placing major bets.

Published 08 Jan, 2026 08:04am

Pakistan

Customs seizes smuggled goods in Peshawar

ISLAMABAD: In a major anti-smuggling operation, the Collectorate of Customs Enforcement, Peshawar successfully...

Published 08 Jan, 2026 08:01am

Energy

Oil rises as market focuses on Venezuela and US sanctions plans

Brent crude futures were up 99 cents, or 1.7%, at $60.95 a barrel

Updated 08 Jan, 2026 06:37pm

Companies

DAMAC Group to explore collaboration in many sectors

ISLAMABAD: Pakistan and Dubai-based real estate major DAMAC Group have agreed to explore concrete collaboration in...

Published 08 Jan, 2026 07:53am

Companies

Advance agent interoperability: ABHI Microfinance Bank signs MoU with Pathfinder Group

**KARACHI: ABHI Microfinance Bank Limited (“ABHI Bank”) has signed a Memorandum of Understanding (MoU) with...

Published 08 Jan, 2026 07:49am

Business & Finance

Pak-China Agri Investment moot to be held later this month

ISLAMABAD: The upcoming Pakistan-China Agri Investment Conference, set to take place in federal capital later this...

Published 08 Jan, 2026 07:44am

Business & Finance

Business delegation calls on Aurangzeb

ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb met a high-level Sajwani business delegation in Islamabad on...

Published 08 Jan, 2026 07:11am

Industry

USPBA to be registered with BoI: Qaiser

ISLAMABAD: In a significant move to enhance bilateral business ties, Federal Minister for Board of Investment (BoI),...

Published 08 Jan, 2026 07:06am

Pakistan

CM, UAE’s DAMAC group discuss investment scope

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif met a delegation of the UAE-based Damac Group to discuss...

Updated 08 Jan, 2026 07:16am

Business & Finance

Track, trace violations: Chanar Sugar Mills denies any sealing action by FBR

ISLAMABAD: Chanar Sugar Mills Ltd on Wednesday categorically clarified that no sealing action has been taken against...

Published 08 Jan, 2026 06:20am

Companies

Nadia Jahangir Seth appointed as SMEDA CEO

LAHORE: The Federal government, with cabinet approval, has appointed Ms Nadia Jahangir Seth as Chief Executive...

Published 08 Jan, 2026 06:20am

Industry

Governor for promoting business activities

LAHORE: Governor Punjab Sardar Saleem Haider Khan has said that promotion of business activities indispensable for...

Published 08 Jan, 2026 06:20am

Industry

Russian Culture, Science and Education Attaché visits LCCI

LAHORE: “Strong people-to-people connections are the backbone of lasting bilateral relations. Language is not just a...

Published 08 Jan, 2026 06:20am

Business & Finance

TPO session on budget proposals: Business community highlights anomalies in taxation system

PESHAWAR: Business community pointed out several anomalies in the existing taxation system, stating that...

Published 08 Jan, 2026 06:20am

Taxes

Think tank highlights tax-return filing issues

ISLAMABAD: A Think Tank - Prime Institute on Wednesday disclosed that taxpayers who have been manually filing the...

Published 08 Jan, 2026 06:20am

Business & Finance

Minister for new projects in blue economy sectors

KARACHI: Federal Minister for Maritime Affairs Junaid Anwar Chaudhry has called upon local industrialists and...

Published 08 Jan, 2026 06:20am

Asia

Indonesia touts ‘victory’ in rice self-sufficiency

KARAWANG (Indonesia): President Prabowo Subianto said on Wednesday that Indonesia’s rice production met all...

Published 08 Jan, 2026 06:20am

Business & Finance

KE releases ‘Sustainability Report 2025’

KARACHI: K-Electric (KE) has released its Sustainability Report 2025, covering the period from July 2024 to June...

Published 08 Jan, 2026 06:20am

Business & Finance

Proposed acquisition of Bank Alfalah’s operations: SBP grants due diligence approval to Ghazanfar Bank of Afghanistan

KARACHI: The State Bank of Pakistan (SBP) has granted in-principal approval to Ghazanfar Bank of Afghanistan to...

Published 08 Jan, 2026 06:20am

Pakistan

Asif’s appointment as Chairman SSGC greeted

KARACHI: Malik Khuda Bakhsh, President of Pakistan Business Group (Karachi Region), Convener of FPCCI’s Energy...

Updated 08 Jan, 2026 07:19am

Industry

First ship-recycling facility inaugurated, certification termed ‘historic’ achievement

KARACHI: Pakistan has inaugurated its first ship recycling facility certified under the Hong Kong International...

Updated 08 Jan, 2026 07:19am

Energy

Oil prices extend slide

HOUSTON: Oil extended declines on Wednesday as investors digested statements from President Donald Trump that the US...

Updated 08 Jan, 2026 07:20am

Companies

Askari Bank accelerates transition to Shariah-compliant banking nationwide

ISLAMABAD: Askari Bank Limited reaffirms its steadfast commitment to strengthening Pakistan’s economy through a...

Published 08 Jan, 2026 06:20am

Companies

Sazgar Engineering closes 2025 with robust production, sales performance

KARACHI: Sazgar Engineering Works Limited has wrapped up 2025 with a strong performance, releasing its production...

Published 08 Jan, 2026 06:20am

USA

Trump says he will ban Wall Street investments in single-family homes

Wall Street blamed for reduced housing supply, rent Inflation

Published 08 Jan, 2026 04:37am

Energy

Trump’s oil push widens with seizure of Russian-flagged tanker linked to Venezuela

Oil prices fall on anticipated supply increase

Updated 08 Jan, 2026 12:17pm

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 30	278.01
USD PKR Interbank Buying / Jul 30	277.81
USD to Japanese Yen / Jul 30	160.63
USD to Swiss Franc / Jul 30	0.81
Pound Sterling to USD / Jul 30	1.35
Euro to USD / Jul 30	1.15
SOFR % / Jul 30	3.64

Stock	Volume
S&P 500 / Jul 30	7,437.63
India Sensex / Jul 30	77,928.15
Tokyo Nikkei / Jul 30	61,867.43
Nasdaq / Jul 30	25,122.18
Hang Seng / Jul 30	25,858.88
FTSE 100 / Jul 30	10,897.27
Dow Jones / Jul 30	52,208.06
Germany DAX 30 / Jul 30	25,612.03
France CAC40 / Jul 30	8,485.64

Item	Value
Crude Oil USD/Barrel / Jul 30	84.08
Karachi Cotton PKR/37.32 KG / Jul 30	18,480
Gold 10 Grams PKR / Jul 30	366,457
Gold Spot USD/Ounce / Jul 30	4,092.50
Cotton US¢/pound / Jul 30	80.67
Petrol/Litre / Jul 31	335.06
Diesel/Litre / Jul 31	390.62

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jul 30 Wasl Mobility Modaraba(WASL)	6.92 ▲ 1 (16.89%)
Trust Sec.& Brok. / Jul 30 Trust Securities & Brokerage Limited(TSBL)	2.56 ▲ 0.29 (12.78%)
Paramount Spinning / Jul 30 Paramount Spinning Mills Limited(PASM)	12.17 ▲ 1.11 (10.04%)
Cresent Jute / Jul 30 Crescent Jute Products Limited(CJPL)	23.16 ▲ 2.11 (10.02%)
Oilboy Energy / Jul 30 Oilboy Energy Limited(OBOY)	19.65 ▲ 1.79 (10.02%)
Premier Insurance / Jul 30 Premier Insurance Limited(PINL)	12.19 ▲ 1.11 (10.02%)
UDL International / Jul 30 UDL International Limited(UDLI)	20.43 ▲ 1.86 (10.02%)
Trust Mod. / Jul 30 Trust Modaraba(TRSM)	21.99 ▲ 2 (10.01%)
Zahid Jee Textile / Jul 30 Zahidjee Textile Mills Limited(ZAHID)	82.57 ▲ 7.51 (10.01%)
Aisha Steel(ConPS) / Jul 30 Aisha Steel(ConPS)(ASLPS)	35.42 ▲ 3.22 (10%)

Stock	Price
Siddiqsons Tin / Jul 30 Siddiqsons Tin Plate Limited(STPL)	9.16 ▼ -1.02 (-10.02%)
Dadabhoy Cement / Jul 30 Dadabhoy Cement Industries Limited(DBCI)	22.67 ▼ -2.52 (-10%)
Din Tex. / Jul 30 Din Textile Mills Limited(DINT)	67.25 ▼ -5.65 (-7.75%)
Kohat Textile / Jul 30 Kohat Textile Mills Limited(KOHTM)	121.01 ▼ -9.77 (-7.47%)
Habib Insurance / Jul 30 Habib Insurance Company Limited(HICL)	12.23 ▼ -0.93 (-7.07%)
Khairpur Sug. / Jul 30 Khairpur Sugar Mills Limited(KPUS)	1,118.98 ▼ -84.46 (-7.02%)
TPL Trakker Ltd / Jul 30 TPL Trakker Limited(TPLT)	27.40 ▼ -1.95 (-6.64%)
JS Investments / Jul 30 JS Investments Limited(JSIL)	42.81 ▼ -3.02 (-6.59%)
Jubilee Spinning / Jul 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	50 ▼ -3.28 (-6.16%)
Prosperity Weav / Jul 30 Prosperity Weaving Mills Limited(PRWM)	64 ▼ -4.05 (-5.95%)

Stock	Volume
Trust Sec.& Brok. / Jul 30 Trust Securities & Brokerage Limited(TSBL)	174,575,153 ▲ 0.29
WorldCall Telecom / Jul 30 Worldcall Telecom Limited(WTL)	32,204,885 ▲ 0
Pak Int.Bulk / Jul 30 Pakistan International Bulk Terminal(PIBTL)	32,035,684 ▲ 0.23
Cnergyico PK / Jul 30 Cnergyico PK Limited(CNERGY)	28,337,199 ▼ -0.15
Waves Home Appliances / Jul 30 Waves Home Appliances Limited(WAVESAPP)	20,795,264 ▲ 0.14
K-Electric Ltd. / Jul 30 K-Electric Limited(KEL)	18,426,672 ▼ -0.12
Pak Stock Exchange / Jul 30 Pakistan Stock Exchange Limited(PSX)	17,654,219 ▲ 1.79
Siddiqsons Tin / Jul 30 Siddiqsons Tin Plate Limited(STPL)	16,641,180 ▼ -1.02
Oilboy Energy / Jul 30 Oilboy Energy Limited(OBOY)	16,412,491 ▲ 1.79
Bank Al-Falah / Jul 30 Bank Alfalah Limited(BAFL)	15,848,375 ▲ 0.6

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