News Archives for Business & Finance - 2026-01-17

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Business & Finance - 2026-01-17

Pakistan

Customs Enforcement Quetta seizes smuggled goods, narcotics worth Rs515.30mn

Recovered consignments include foreign-origin narcotic hashish, China salt, cigarettes. and assorted electronic goods, FBR says

Published 17 Jan, 2026 10:10pm

Companies

India fines IndiGo a record $2.45 million after December flight cancellations

The regulator also issued warnings to senior personnel with directions to IndiGo to relieve Herter "of current operational responsibilities"

Published 17 Jan, 2026 09:35pm

Business & Finance

Future Minerals Forum Riyadh: petroleum minister highlights Pakistan’s potential

Says Reko Diq will set new standards for mining

Updated 17 Jan, 2026 11:38pm

Markets

India’s Yes Bank reports profit surge in Q3 on lower provisions

Yes Bank’s net interest income rose 10.8% to 24.65 billion Indian rupees compared with 22.23 billion Indian rupees

Published 17 Jan, 2026 03:51pm

Markets

Customs seizes gold, undeclared cash worth millions at Karachi Airport

Pakistan Customs at Jinnah International Airport (JIAP), Karachi, have successfully foiled two separate attempts to...

Published 17 Jan, 2026 03:19pm

Companies

Maruti Suzuki to invest $3.9 billion in new India plant

Annual production capacity of 2.4 million vehicles for Maruti

Published 17 Jan, 2026 02:57pm

Technology

EXCLUSIVE: Ex-Air Commodore explains why Pakistan’s JF-17 fighter jet is in demand

Says the jet is cheaper than American and European fighter jets, and can lock onto targets from long distances and engage them effectively

Updated 18 Jan, 2026 12:00am

Commodities

Gold price drops by Rs600 per tola in Pakistan

International rate of gold declines by $6 to reach $4,595 per ounce

Published 17 Jan, 2026 02:00pm

Markets

Indian lender RBL Bank reports lower-than-expected Q3 profit

RBL Bank posted a standalone net profit of 2.14 billion Indian rupees for the quarter ended December

Published 17 Jan, 2026 01:29pm

World

Musk seeks up to $134 billion from OpenAI, Microsoft in ‘wrongful gains’

Just as an early investor in a startup company may realize gains many orders of magnitude greater than the investor’s initial investment

Published 17 Jan, 2026 12:37pm

Technology

Mari Energies-backed Sky47 launches cloud, AI platform near Islamabad

Sky47 Limited, a majority-owned subsidiary of Mari Energies Limited, has entered Pakistan’s high-tech landscape with...

Updated 17 Jan, 2026 10:32pm

Companies

Netflix, Warner Bros bonds among $100 million purchased by Trump

Trump’s stock and bond portfolio is independently managed by third-party financial institutions

Published 17 Jan, 2026 11:03am

Asia

Japan PM Takaichi considers suspending sales tax on food in election pledge, Mainichi says

She is considering holding the election on February 8

Published 17 Jan, 2026 10:44am

Industry

FPCCI wants ‘industrial emergency’ in country

KARACHI: Atif Ikram Sheikh, President FPCCI has made a fervent appeal to the federal government to immediately...

Published 17 Jan, 2026 08:24am

Taxes

WHT matter on power bills: FTO resolves major dispute between two tax offices

ISLAMABAD: The Federal Tax Ombudsman (FTO) has resolved a major dispute between the two tax offices of the Federal...

Published 17 Jan, 2026 08:21am

Industry

Govt slammed for increasing taxes on petrol products

KARACHI: Industrialists and businessmen have criticised the government for increasing taxes on petroleum products,...

Published 17 Jan, 2026 08:11am

Companies

JazzWorld recognised as ‘top employer’

ISLAMABAD: JazzWorld announced that it has been recognised as a Top Employer in Pakistan for 2026 by Top Employers...

Published 17 Jan, 2026 08:06am

Industry

Power tariffs for industries: KATI seeks cross-subsidy abolition

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Muhammad Ikram Rajput, has called for ...

Published 17 Jan, 2026 08:02am

Pakistan

‘Pakistan’s foundational learning investments could yield economic returns’

ISLAMABAD: “If Pakistan gets foundational learning right, the economic gains are enormous, not as a one-off boost,...

Published 17 Jan, 2026 07:54am

Technology

EXCLUSIVE: Pakistan’s upcoming DCO presidency could open up new chapter in digital diplomacy

Leadership role can help unlock new opportunities for collaboration, attract investment in digital infrastructure, says Digital Cooperation Organization spokesperson

Updated 17 Jan, 2026 10:31pm

Pakistan

President not imposed any restriction on statutory powers: FTO clarifies

ISLAMABAD: The Federal Tax Ombudsman Secretariat (FTO) Friday clarified that President of Pakistan has not imposed...

Published 17 Jan, 2026 07:48am

Business & Finance

Survey of finance professionals shows Global New Orders Index falling to post-pandemic low

KARACHI: The ACCA and IMA Global Economic Conditions Survey (GECS) of almost 1,200 finance professionals finished...

Published 17 Jan, 2026 07:46am

Companies

Govt now holds certain financial liabilities with PIA Holding Company: Khawaja Asif

ISLAMABAD: Federal Minister for Defence Khawaja Asif informed the National Assembly on Friday that following the...

Updated 18 Jan, 2026 08:38am

Pakistan

Illegal tax refund probe: LHC disposes of FBR pleas against FIA

ISLAMABAD: Writ petitions filed by the Federal Board of Revenue (FBR) against the Federal Investigation Agency (FIA)...

Published 17 Jan, 2026 07:32am

Industry

Sost dry port: FBR issues SRO for clearance of goods

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a special procedure for importers regarding the clearance ...

Published 17 Jan, 2026 07:26am

Business & Finance

Meeting reviews e-commerce ecosystem

ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Friday chaired a meeting to find...

Published 17 Jan, 2026 07:24am

Industry

Soda ash: NTC slaps provisional anti-dumping duties

ISLAMABAD: The National Tariff Commission (NTC) has imposed provisional anti-dumping duties on dumped imports of the...

Published 17 Jan, 2026 07:21am

Stocks

Capital markets will become faster as PSX transitions to T+1 settlement

KARACHI: Pakistan’s capital market is set to enter a faster and more efficient era as the Pakistan Stock Exchange...

Updated 17 Jan, 2026 07:33am

Commodities

SPI moves upward

ISLAMABAD: The Sensitive Price Index-based weekly inflation showed an upward trend as it increased by 0.25 percent...