News Archives for Business & Finance - 2026-01-13

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Business & Finance - 2026-01-13

Pakistan

ECC clears over Rs15bn in supplementary grants for defence, IT, social and digital initiatives

The committee decides the amount would be released in phases and incorporated into the regular defence budget from next financial year

Published 13 Jan, 2026 09:38pm

USA

World Bank sees resilient global growth in 2026 amid tariffs but fading dynamism

Global output growth will slow slightly to 2.6% this year from 2.7% in 2025

Published 13 Jan, 2026 08:35pm

Technology

X down for thousands of users globally, Downdetector shows

There were more than 22,900 reports of issues with the platform in the US

Published 13 Jan, 2026 08:32pm

Markets

Nestlé and Unilever’s India engine risks stalling

During the year ended March 2025 sales at HUL grew just 2%,, down from double digits two years earlier

Published 13 Jan, 2026 08:10pm

Markets

India’s ICICI Lombard posts lower quarterly profit as commissions, employee costs rise

ICICI Lombard’s profit after tax fell 9% year-on-year to 6.59 billion rupees ($73 million) for the quarter ended December 31

Published 13 Jan, 2026 08:01pm

Stocks

Most Gulf bourses gain on rising oil prices

Saudi Arabia’s benchmark index advanced 1.4%
Dubai’s main share index gained 0.8%

Published 13 Jan, 2026 06:36pm

South Asia

India’s smartphone security proposal faces backlash over privacy concerns

Companies including Apple and Samsung have privately protested the proposed package of security standards

Published 13 Jan, 2026 06:32pm

Stocks

Sri Lankan shares end little changed

CSE All-Share index declined marginally to 23,607.80

Published 13 Jan, 2026 05:40pm

Financial

India bonds fall after Bloomberg index entry setback

Benchmark 10-year yield ended at 6.6277% after ending at 6.6050% on Monday

Published 13 Jan, 2026 05:35pm

Industry

Pakistan auto sales jump 42% in 1HFY26

Data suggests major recovery in the auto sector, say analyst

Published 13 Jan, 2026 05:09pm

Commodities

Available LME copper inventories slide to six-month low

Benchmark LME copper prices soared to records above $13,000 a ton last week

Published 13 Jan, 2026 04:59pm

Commodities

Palm slips on uncertainty over Indonesia’s B50 mandate

Dalian’s most-active soyoil contract rose 0.18%

Published 13 Jan, 2026 04:56pm

Markets

Indian carmakers log biggest 2025 sales jump in December, industry body says

Carmakers sold 399,216 units in the final month of 2025

Published 13 Jan, 2026 04:52pm

Commodities

India’s palm oil imports drop to 8-month low as refiners shift to rival oils

India’s palm oil imports in December fell about 20% from the previous month to 507,204 metric tons

Published 13 Jan, 2026 04:47pm

Forex

Indian central bank’s $10 billion FX swap subscribed three times over

RBI accepted 42 bids at the FX swap auction with the premium cut-off set at 7.28 Indian rupees

Published 13 Jan, 2026 04:45pm

Forex

Indian rupee slips, likely intervention cushions pressure from weak stocks, Asia FX

Indian rupee settled at 90.19 per dollar, marginally weaker than its close at 90.1625 in the previous session

Published 13 Jan, 2026 04:38pm

Stocks

Indian shares decline as trade worries spur broad selling pressure

Nifty 50 fell 0.22% to 25,732.3, while the Sensex shed 0.3% to 83,627.69

Published 13 Jan, 2026 04:35pm

Commodities

India’s rice exports to top buyer Iran stall on protests, tariff worries

The proposed 25% levy under the Trump framework adds an additional challenge to the Indian basmati rice sector

Published 13 Jan, 2026 04:33pm

South Asia

Air India facing UK lawsuit from estates of some deceased in 2025 plane crash

A personal injury lawsuit was filed at the High Court by 11 claimants on December 18

Published 13 Jan, 2026 04:30pm

Business & Finance

All Afghan transit cargo ‘may be given option’ of re-export to any seaport

Stranded ATT containers originating from Vietnam, Malaysia also allowed to be re-exported

Published 13 Jan, 2026 03:18pm

Markets

From tanks to jets: Pakistan’s $13bn defense deals set to supercharge economy

Defense deals could lead to 82% jump in Pakistan's foreign exchange reserves, read the report

Updated 13 Jan, 2026 04:43pm

Financial

Gold per tola reaches record-high for second consecutive day in Pakistan

Price of silver increases by Rs180 to reach Rs9,075 per tola

Published 13 Jan, 2026 02:12pm

Industry

ML-1 project work to begin from Karachi Port in July 2026

The 54-kilometre railway section from KPT to Pipri will be upgraded

Published 13 Jan, 2026 01:15pm

Stocks

Japan’s Nikkei hits all-time high as markets track Wall Street rally

The Nikkei jumped 3.6% to a record 53,814.79 within the first 10 minutes of trade

Published 13 Jan, 2026 01:07pm

Industry

Industry cannot carry power sector’s burden any longer: Gohar Ejaz warns

Says it is industrial sector that is subsidising other consumers

Published 13 Jan, 2026 01:00pm

Stocks

Australian shares rise as miners rebound on higher commodity prices

The S&P/ASX 200 index climbed 0.7% to 8,816.30

Published 13 Jan, 2026 12:23pm

Markets

Nvidia says no upfront payment needed for its H200 chips

The company said it "would never require customers to pay for products they do not receive"

Published 13 Jan, 2026 12:14pm

Forex

Australian, New Zealand dollars rise on yen outflows, weak greenback

The Aussie was buoyant at $0.6712, having gained 0.4% overnight to trade back above the key 67-cent level

Published 13 Jan, 2026 12:11pm

Forex

Thai baht/US dollar weaker on Tuesday

The baht was 0.37% lower at 31.33 versus the dollar, after trading in a range of 31.210 to 31.370

Published 13 Jan, 2026 12:09pm

Markets

HSBC forecasts Vietnam 2026 GDP growth to slow to 6.7%

This year’s growth is driven by a widening market share for trade and an accelerated push on investment

Published 13 Jan, 2026 12:07pm

Business & Finance

Pakistan, UAE to launch pre-immigration clearance for passengers

Pakistan and the United Arab Emirates (UAE) have agreed to introduce a pre-immigration clearance system that will...

Updated 13 Jan, 2026 12:30pm

Forex

Indian rupee under pressure from soft Asia FX, fresh Trump tariff warning

The 1-month non-deliverable forward indicated the rupee will open in the 90.22-90.26 range versus the US dollar

Published 13 Jan, 2026 12:04pm

Pakistan

Pakistan, Saudi Arabia to strengthen cooperation in mining & minerals

Ali Pervaiz Malik holds meeting with H.E. Bandar Ibrahim Al-Khorayef, Saudi Minister of Industry and Mineral Resources

Published 13 Jan, 2026 12:02pm

Commodities

Copper retreats on profit-taking ahead of US inflation data

The most-traded copper contract on the Shanghai Futures Exchange was down 0.36% at 102,600 yuan ($14,706.73) per metric ton

Published 13 Jan, 2026 12:00pm

Commodities

Soybeans firm; USDA’s lower export estimate curbs price upside

The most-active soybeans added 0.1% to $10.50 a bushel

Published 13 Jan, 2026 11:52am

Commodities

Dalian iron ore rises on restocking demand ahead of Lunar New Year

The benchmark February iron ore on the Singapore Exchange was 0.26% lower at $108.9 a ton

Published 13 Jan, 2026 11:50am

Commodities

Palm advances, spurred by stronger rival oils, crude oil

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 39 ringgit, or 0.95%, to 4,129 ringgit

Published 13 Jan, 2026 11:42am

Stocks

Hong Kong stocks hit 2-month high; China market flat as defence, tech shares correct

Hong Kong's benchmark Hang Seng Index climbed 1% by the lunch break

Published 13 Jan, 2026 11:41am

Companies

Pak-Qatar General Takaful eyes Rs420mn via IPO

PQGTL will become the first listed dedicated general takaful operator

Published 13 Jan, 2026 11:30am

Forex

Yuan holds near 32-month highs as Beijing signals measured gains

The yuan was 0.04% lower at 6.9759 to the dollar after hitting a high of 6.9752

Published 13 Jan, 2026 11:26am

Business & Finance

SSGC appoints Mirza Nasiruddin Mashhood as director

Ahmad was earlier appointed as an ex-officio director of the Pakistan Petroleum Limited

Published 13 Jan, 2026 11:09am

Companies

Digital investment platforms: is Pakistan entering a new era for stock market participation?

While Pakistan reportedly has 20 million active cryptocurrency investors, stock market participation remains...

Published 13 Jan, 2026 11:00am

Bullion Rate

Gold steadies below record $4,600/oz as investors book profits

Spot gold traded little changed at $4,593.81 per ounce

Published 13 Jan, 2026 10:46am

Mutual Funds

India bonds fall, reversing gears on Bloomberg index disappointment

The benchmark 10-year yield was at 6.6334%

Published 13 Jan, 2026 10:37am

Exchange

Rupee records gain against US dollar

Currency settles at 280 against US dollar

Updated 13 Jan, 2026 07:39pm

Stocks

Stocks finishes strong, KSE-100 settles near 184,000 level

Benchmark index closed at 183,951.50

Updated 13 Jan, 2026 05:10pm

Pakistan

Punjab seeks freight relief to boost potato, kinnow exports

LAHORE: The Punjab government has approached the federal government to seek a reduction in freight charges for the...

Published 13 Jan, 2026 08:43am

Pakistan

CM Murad, SAPM Haroon discuss SMEs uplift

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and the Special Assistant to the Prime Minister on Industry and...

Published 13 Jan, 2026 08:40am

Industry

Economy witnessing recovery thru LSM, remittances: Mian Zahid

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial...

Published 13 Jan, 2026 08:33am

Business & Finance

Cyber security warning: Firms cautioned against malicious ‘QR codes’

ISLAMABAD: A global cyber security company Monday cautioned Pakistani companies that malicious “QR codes” have...

Published 13 Jan, 2026 08:27am

Pakistan

Pak DataCom CEO decries ‘injustice’ to him

ISLAMABAD: Brigadier Zulfiqar (retd), Chief Executive Officer of Pak DataCom, a subsidiary of the Ministry of IT and...

Published 13 Jan, 2026 08:15am

Stocks

Asia stocks climb as Nikkei jumps to record, earnings loom

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8% to a fresh record peak

Published 13 Jan, 2026 08:12am

Stocks

India equity benchmarks set to open higher on US trade optimism, steady earnings

Gift Nifty futures were trading at 25,914.5 points

Published 13 Jan, 2026 08:07am

Forex

Dollar wobbles as markets fret about threat to Fed independence

The Swiss franc drew additional safety bids and was a touch stronger at 0.7974 per dollar, while the dollar index was last at 98.92

Published 13 Jan, 2026 08:03am

Pakistan

Telecom & digital sectors: Senate panel expresses serious concerns over governance, accountability

ISLAMABAD: Serious concerns over governance and accountability in the telecom and digital sectors came under sharp...

Published 13 Jan, 2026 08:03am

Industry

KCCI requests FBR chief: Sales tax deferred cases must be processed electronically

ISLAMABAD: The representatives of business community of Karachi have requested Chairman Federal Board of Revenue...

Published 13 Jan, 2026 08:00am

Energy

Oil prices surge on possible Iranian supply disruption

Brent futures jumped $1.24, or 1.9%, to $65.11 a barrel

Updated 13 Jan, 2026 06:42pm

Industry

‘Wheat grinding operations commence in 770 mills across Punjab’

LAHORE: During the current month, wheat grinding operations have commenced in 770 flour mills across the Punjab...

Published 13 Jan, 2026 07:58am

Industry

Chinese delegation visits BoI to explore opportunities in EV sector

ISLAMABAD: Chinese Chaoniu (EV) Electric Motorcycle Company explores investment and localisation opportunities in...

Published 13 Jan, 2026 07:54am

Industry

Pak-Afghan border closure inflicts huge losses to traders

PESHAWAR: Closure of trade between Pakistan and Afghanistan for over three months has inflicted substantial ...

Published 13 Jan, 2026 07:48am

World

Trump says nations doing business with Iran face 25% tariff on US trade

Trump weighs further options on US action against Iran

Updated 13 Jan, 2026 10:30am

Business & Finance

New customs values on import of spark plugs fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new customs values on the import of Spark ...

Updated 13 Jan, 2026 07:35am

Industry

Pakistan, Indonesia sign MoU to promote cooking oil industry

KARACHI: Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan has termed the...

Updated 13 Jan, 2026 07:30am

Industry

LCCI welcomes reform proposals initiated under PM’s direction to improve EODB

LAHORE: The Lahore Chamber of Commerce and Industry has welcomed the reform proposals initiated under the direction...

Published 13 Jan, 2026 05:36am

Pakistan

Sugar output crosses 1.7MMT mark in Punjab

LAHORE: Punjab has produced more than 1.712 million metric tonnes of sugar so far during the ongoing crushing...

Updated 13 Jan, 2026 07:32am

Industry

Auto association lauds regularisation of used car import schemes

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has lauded the...

Updated 13 Jan, 2026 07:40am

Business & Finance

S M Tanveer concerned at reliance on remittances, debt-driven consumption

LAHORE: S M Tanveer, Leader of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has expressed...

Updated 13 Jan, 2026 07:31am

Industry

Industrial, export-oriented consumers: Imposition of Rs130bn cross-subsidy opposed

ISLAMABAD: The country’s industrial sector on Monday strongly opposed a cross-subsidy of nearly Rs 130 billion...

Updated 13 Jan, 2026 07:31am

Industry

Pakistan’s strong participation in Heimtextil 2026 reflects growing export potential: TMA

KARACHI: Chairman Towel Manufacturers Association of Pakistan (TMA), Ather Bari, has lauded Pakistan’s strong...

Updated 13 Jan, 2026 07:30am

Business & Finance

Blue economy growth: Minister unveils ‘port industrial complex vision’

KARACHI: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Monday unveiled a long-term vision...

Updated 13 Jan, 2026 07:30am

Business & Finance

Pakistan needs to declare ‘export emergency’ to revive growth: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Monday urged the ...

Updated 13 Jan, 2026 07:43am

Markets

Alphabet hits $4 trillion valuation as AI refocus lifts sentiment

Stock up on Monday after Google-Apple AI deal

Published 13 Jan, 2026 12:41am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 29	278.02
USD PKR Interbank Buying / Jul 29	277.82
USD to Japanese Yen / Jul 30	163.49
USD to Swiss Franc / Jul 30	0.82
Pound Sterling to USD / Jul 30	1.34
Euro to USD / Jul 30	1.15
SOFR % / Jul 29	3.64

Stock	Volume
S&P 500 / Jul 29	7,316.15
Nasdaq / Jul 29	24,442.94
Dow Jones / Jul 29	51,594.14
India Sensex / Jul 30	77,633.29
Tokyo Nikkei / Jul 30	61,685.46
Hang Seng / Jul 30	25,767.58
FTSE 100 / Jul 30	10,955.75
Germany DAX 30 / Jul 30	25,419.60
France CAC40 / Jul 30	8,463.43

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 29	18,480
Gold 10 Grams PKR / Jul 29	365,600
Petrol/Litre / Jul 30	335.06
Crude Oil USD/Barrel / Jul 30	84.39
Gold Spot USD/Ounce / Jul 30	4,044.93
Diesel/Litre / Jul 30	390.62
Cotton US¢/pound / Jul 30	79.59

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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