News Archives for Business & Finance - 2026-01-22

<<>>

Business & Finance - 2026-01-22

Energy

US allows China to purchase Venezuelan oil but not at ‘undercut’ prices of Maduro days, official says

The US will control Venezuela's oil sales, ensuring majority oil is sold to the US at fair prices

Published 22 Jan, 2026 11:43pm

Business & Finance

SBP-held foreign exchange reserves rise to $16.09 billion

Total liquid foreign reserves of the country stand at $21.26 billion

Published 22 Jan, 2026 09:02pm

Companies

Paramount extends deadline on hostile Warner Bros bid to February 20

Paramount has launched a charm offensive and sued Warner Bros to bring the HBO owner to the negotiating table

Published 22 Jan, 2026 08:55pm

Stocks

Pak-Qatar General Takaful IPO oversubscribed by record 21 times

Firm receives bids from investors worth Rs4.74bn in two-day Dutch bidding

Updated 23 Jan, 2026 12:41pm

Markets

‘Battlefield 6’ tops 2025 US game revenue charts

The whole US market for games grew 1.4 percent year-on-year to $60.6 billion

Published 22 Jan, 2026 08:10pm

Business & Finance

Raqami Bank to launch in Pakistan with $100m investment plan: report

Karachi-based lender, backed by the Kuwait Investment Authority, has completed its pilot phase and aims to attract at least one million customers within three years

Updated 23 Jan, 2026 12:32pm

Business & Finance

DAVOS 26: Bill Gates, Aurangzeb discuss health, tax digitisation

The finance minister acknowledges the Gates Foundation’s longstanding engagement in Pakistan, particularly its role in polio eradication

Updated 23 Jan, 2026 07:54am

Commodities

Asia rice: Indian rates edge lower amid rupee depreciation, subtle demand

India’s 5% broken parboiled variety was quoted this week at $351-$356 per ton

Published 22 Jan, 2026 06:38pm

Stocks

Major Gulf markets track global shares higher

Saudi Arabia’s benchmark index advanced 1.7%, with Al Rajhi Bank rising 3.1%

Published 22 Jan, 2026 06:32pm

Companies

Indian airline IndiGo’s profit slumps 75% as mass cancellations lead to $63 million hit

India’s aviation regulator has fined the carrier, issued warnings to senior executives

Published 22 Jan, 2026 05:17pm

Stocks

Sri Lankan benchmark ekes out gain as real estate, energy sectors rise

CSE All-Share index rose 0.03% to 23,813.77

Published 22 Jan, 2026 05:07pm

South Asia

US regulator seeks to bypass Indian government to serve Adani summons

Adani group has called the allegations “baseless” and said that it would seek “all possible legal recourse” to defend itself

Published 22 Jan, 2026 05:05pm

South Asia

Apple asks Indian court to stop antitrust body from seeking its financials

The US tech giant has said it fears it could be fined up to $38 billion if the watchdog uses its global turnover calculation for penalties

Published 22 Jan, 2026 04:54pm

Commodities

Copper eases to near 2-week low after Trump’s Greenland backtrack

Benchmark three-month copper on the London Metal Exchange was down 1.3% to $12,640 per metric ton

Published 22 Jan, 2026 04:41pm

Markets

India’s RBI taps $2 billion-plus FX swaps to blunt liquidity hit from spot intervention, bankers say

It looks like they (RBI) will have to do it (the buy-sell swaps) on a regular basis

Published 22 Jan, 2026 04:31pm

Energy

DAVOS 26: Azerbaijan’s SOCAR to finalize investment in Pakistan’s oil & gas sector by next month

SOCAR views Pakistan as a natural long-term energy partner, says Najaf

Published 22 Jan, 2026 04:14pm

Commodities

Palm closes at two-month high on US biofuel regulations, lower output prospects

Dalian’s most-active soyoil contract rose 0.55%

Published 22 Jan, 2026 04:09pm

Currency

Indian rupee breaks six-day losing streak after Trump drops Greenland-related tariff threat

The currency ended at 91.63, higher than its previous close

Published 22 Jan, 2026 03:55pm

Stocks

Indian shares gain after Trump drops EU tariff threat over Greenland

Nifty 50 rose 0.53% to 25,289.90, while the BSE Sensex added 0.49% to 82,307.37

Published 22 Jan, 2026 03:51pm

Exchange

Rupee registers improvment against US dollar

Currency settles at 279.87 against greenback

Updated 22 Jan, 2026 07:37pm

Companies

DAVOS 26: Nestlé to expand operations in Pakistan with $60mn investment

Nestlé intends to use Pakistan as a regional manufacturing and export hub

Updated 22 Jan, 2026 03:46pm

Stocks

European shares rebound as Trump withdraws tariff threats over Greenland

The pan-European STOXX 600 climbed 1%

Published 22 Jan, 2026 01:59pm

Commodities

Copper range-bound as US inventories climb to record level

The most-active copper contract on the Shanghai Futures Exchange closed daytime trading nudging 0.28% higher to 100,700 yuan

Published 22 Jan, 2026 01:52pm

Markets

Societe Generale to cut 1,800 jobs in France

The job cuts are expected to happen throughout 2026 and 2027, Societe Generale said in a press release

Published 22 Jan, 2026 01:34pm

Stocks

South Korea’s KOSPI stock benchmark tops 5,000 on AI boom, market reforms

The benchmark KOSPI rose as much as 2.2% to an all-tiem high of 5,019.54 in morning trade

Published 22 Jan, 2026 01:32pm

Companies

Pizza Hut Pakistan: Rustam Foods announces new chapter of growth for Pizza Hut

Rustam Foods is the sole authorized franchised partner for Pizza Hut

Updated 22 Jan, 2026 01:30pm

Energy

LSE Capital plans entry into smart meter production via subsidiary

LSE Capital Limited announced on Thursday its intention to invest in the production, assembly, and sale of smart...

Published 22 Jan, 2026 12:46pm

Financial

Gold price drops by Rs800 per tola in Pakistan

International rate of gold declines by $8 to reach $4,832 per ounce

Published 22 Jan, 2026 12:26pm

Markets

Hyundai Motor’s Korean union warns of humanoid robot plan, sees threat to jobs

Hyundai Motor's labour union in South Korea warned the automaker on Thursday against deploying humanoid robots

Published 22 Jan, 2026 11:59am

Markets

Apple China to offer discounts of up to 1,000 yuan on some products

The latest iPhone 17 model is not included in the promotion, the company added

Published 22 Jan, 2026 11:02am

Technology

Pakistani fintech Neem secures Pre-Series A funding from Epic Angels, global investors

Funds will be used to scale Neem’s technology infrastructure, strengthen cybersecurity and data protection

Updated 22 Jan, 2026 06:40pm

Stocks

China, Hong Kong stocks slip as non-ferrous metals slide on easing geopolitical tensions

At the midday break, the benchmark Shanghai Composite Index eased 0.15%, while the blue-chip CSI300 Index lost 0.46%

Published 22 Jan, 2026 10:59am

Forex

Yuan steady as Trump softens Greenland rhetoric and as exporters sell FX

The yuan touched a high of 6.9615 to the dollar in early trading before moving up 0.02%

Published 22 Jan, 2026 10:53am

Commodities

Iron ore flat as rising shipments from Australian miners weigh

The benchmark February iron ore on the Singapore Exchange was 0.06% higher at $103.25 a ton

Published 22 Jan, 2026 10:50am

Markets

Goldman Sachs raises 2026-end gold price forecast by $500 to $5,400/oz

Spot gold climbed to a peak of $4,887.82 per ounce on Wednesday

Published 22 Jan, 2026 10:48am

Business & Finance

Govt regulator cracks down on unlicensed use of “Federation,” “Chamber,” “Association”

DGTO warned that non-compliance will trigger strict penal action

Updated 22 Jan, 2026 11:06am

Mutual Funds

India bonds to open higher as RBI backstop speculation grows louder

The benchmark 10-year 6.48% 2035 bond yield is likely to be in a 6.62%-6.67% range

Published 22 Jan, 2026 10:42am

Stocks

Australian shares rebound tracking global recovery; unemployment rate falls

The S&P/ASX 200 index climbed 0.7% to 8,845.7

Published 22 Jan, 2026 10:39am

Stocks

Japan’s Nikkei set to snap five-day losing streak as JGBs extend gains

The Nikkei rebounded 1.68% to 53,667.72

Published 22 Jan, 2026 10:37am

Stocks

Buying returns to bourse, KSE-100 up over 650 points

Benchmark index settles at 187,688.16

Updated 22 Jan, 2026 07:21pm

Bullion Rate

Gold falls as easing geopolitical tensions dampen safe-haven demand

Spot gold was down nearly 1% to $4,793.63 per ounce

Published 22 Jan, 2026 10:32am

Markets

DAVOS 26: Pakistan to enter Chinese market with green Panda bond by month-end, says Aurangzeb

Finance minister says debt, in itself, is not inherently negative, provided it is deployed productively

Updated 22 Jan, 2026 08:51pm

Technology

China’s HISENSE partners Air Link subsidiary, eyes investment in Pakistan

Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited, has announced a strategic...

Published 22 Jan, 2026 09:38am

Forex

Relief for Indian rupee on risk rally after Trump walks back Europe tariff threat

The 1-month non-deliverable forward indicated the rupee will open in the 91.50-91.55 range versus the US dollar after dropping 0.8% to 91.6950 on Wednesday that saw the currency hit a lifetime low of 91.7425

Published 22 Jan, 2026 08:09am

Stocks

Indian shares seen higher as Trump eases Greenland stance, drops EU tariff threat

Gift Nifty futures were trading at 25,338

Published 22 Jan, 2026 08:06am

Forex

Australian dollar scales 15-month high on strong jobs data

The Aussie climbed 0.4% to a peak of $0.6791

Updated 22 Jan, 2026 01:56pm

Forex

US dollar buoyed by Trump’s Greenland about-face; Aussie jumps after jobs data

That put the safe-harbour Swiss franc on the back foot, retreating sharply from a three-week high, while gold sank from an all-time peak

Updated 22 Jan, 2026 01:45pm

Energy

Oil slips as Trump tones down threats against Greenland and Iran

Brent crude was down $1.07 cents, or 1.6%, at $64.17 a barrel

Updated 22 Jan, 2026 04:37pm

Stocks

Gold dips, stocks lift as Trump walks back Greenland threats

Equity benchmarks in Australia and Japan rose around 1% and in Seoul the Kospi crossed 5,000 points for the first time

Published 22 Jan, 2026 07:44am

Business & Finance

CAT upholds CCP’s Rs205m penalties in ESA cartel case

ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed ten long-pending appeals filed by several banks ...

Published 22 Jan, 2026 07:20am

Companies

SECP permits AMCs to open Sehl Sarmayakari Accounts

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), as part of its ongoing efforts to enhance...

Published 22 Jan, 2026 07:07am

Companies

SECP approves prospectus for IPO of Ghani Dairies Ltd

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has accorded approval for issuance, circulation...

Published 22 Jan, 2026 07:06am

Business & Finance

DAVOS 26: Aurangzeb holds key meetings with ADB president, aviation sector leader

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a series of important meetings...

Updated 22 Jan, 2026 07:49am

Business & Finance

New customs values fixed for USBs, memory cards

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

Published 22 Jan, 2026 06:57am

Business & Finance

DAVOS 26: Aurangzeb meets Visa Group president

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met on Wednesday in Davos with...

Updated 22 Jan, 2026 07:50am

Business & Finance

ML-1 upgradation: ADB delegation visits Karachi

KARACHI: The Asian Development Bank delegation visited in detail the Pakistan Railways network in Karachi Division...

Published 22 Jan, 2026 04:57am

Industry

PPA rejects FED on day-old chicks

LAHORE: The Pakistan Poultry Association (PPA) has expressed serious concern over the government’s decision to...

Published 22 Jan, 2026 04:57am

Taxes

PRA revenue increases 33pc, collects Rs149.5bn during 1H FY2025-26

LAHORE: The recent performance of the Punjab Revenue Authority (PRA) is a clear reflection that the provincial...

Updated 22 Jan, 2026 05:51am

Companies

USF, Jazz ink Rs1.16bn deals

ISLAMABAD: Universal Service Fund (USF) and Jazz on Wednesday signed contracts worth Rs 1.16 billion for four ‘Next...

Published 22 Jan, 2026 04:57am

Business & Finance

Dar opens Pathfinder Group’s Pavilion

ISLAMABAD: Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar on Wednesday inaugurated the...

Published 22 Jan, 2026 04:57am

Companies

Fauji Foundation launches country’s largest cloud, AI infrastructure platform

ISLAMABAD: Chairman Fauji Foundation, Lt General Anwar Ali Hyder (retd) on Wednesday has inaugurated Pakistan’s...

Published 22 Jan, 2026 04:57am

Business & Finance

Fitch Ratings affirms long-term debt ratings at ‘B-’, assigns recovery rating of ‘RR4’

ISLAMABAD: Fitch Ratings has affirmed Pakistan’s long-term debt ratings at ‘B-’ and assigned a Recovery Rating...

Published 22 Jan, 2026 04:57am

Commodities

Gold at all-time high

NEW YORK: Gold surpassed USD4,800 an ounce for the first time on Wednesday as geopolitical tensions including US...

Published 22 Jan, 2026 04:57am

Industry

Canada invites Pakistan to participate in PDAC 2026

ISLAMABAD: Canadian Government had invited Pakistan to participate in PDAC 2026, the world’s premier mineral...

Updated 22 Jan, 2026 05:31am

Money & Banking

Deutsche Bank declares PLS profit rates

KARACHI: The Deutsche Bank has declared the following profit rates on PLS deposits for the period of 01, July 2025...

Updated 22 Jan, 2026 05:30am

Industry

WEXNET Peshawar inaugurated

PESHAWAR: WEXNET Peshawar was formally inaugurated in a prestigious ceremony, marking a significant milestone in...

Updated 22 Jan, 2026 05:36am

Industry

ICCD’s Sustainable Tourism Forum, Expo concludes

KARACHI: The Sustainable Tourism Forum & Expo (STF) 2026, organised by the Islamic Chamber of Commerce and...

Published 22 Jan, 2026 04:57am

Industry

SAPM launches first ‘Made in Pakistan SMEs Expo 2026’

ISLAMABAD: Special Assistant to the Prime Minister (SAPM), Haroon Akhtar Khan on Wednesday while announcing the...

Updated 22 Jan, 2026 05:31am

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%)
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%)
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%)
Intermarket Securities / Jul 30 Intermarket Securities Limited(IMS)	28.61 ▲ 2.6 (10%)
Janana De Malucho / Jul 30 Janana De Malucho Textile Mills Limited(JDMT)	181.72 ▲ 16.52 (10%)
Shahtaj Sugar / Jul 30 Shahtaj Sugar Mills Limited(SHJS)	174.35 ▲ 15.85 (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%)
National Silk / Jul 30 The National Silk & Rayon Mills Limited(NSRM)	250 ▼ -23.85 (-8.71%)
Jubilee Spinning / Jul 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	49.05 ▼ -4.23 (-7.94%)
Khairpur Sug. / Jul 30 Khairpur Sugar Mills Limited(KPUS)	1,108 ▼ -95.44 (-7.93%)
Din Tex. / Jul 30 Din Textile Mills Limited(DINT)	67.25 ▼ -5.65 (-7.75%)
Shaheen Ins. / Jul 30 Shaheen Insurance Company Limited(SHNI)	9.20 ▼ -0.77 (-7.72%)
Habib Insurance / Jul 30 Habib Insurance Company Limited(HICL)	12.21 ▼ -0.95 (-7.22%)
JS Investments / Jul 30 JS Investments Limited(JSIL)	42.81 ▼ -3.02 (-6.59%)
East West Ins. / Jul 30 East West Insurance Company Limited(EWIC)	45.22 ▼ -2.88 (-5.99%)

Stock	Volume
Trust Sec.& Brok. / Jul 30 Trust Securities & Brokerage Limited(TSBL)	156,546,363 ▲ 0.22
Pak Int.Bulk / Jul 30 Pakistan International Bulk Terminal(PIBTL)	31,169,324 ▲ 0.22
WorldCall Telecom / Jul 30 Worldcall Telecom Limited(WTL)	28,733,368 ▼ -0.01
Cnergyico PK / Jul 30 Cnergyico PK Limited(CNERGY)	27,148,773 ▼ -0.18
Waves Home Appliances / Jul 30 Waves Home Appliances Limited(WAVESAPP)	20,670,414 ▲ 0.08
K-Electric Ltd. / Jul 30 K-Electric Limited(KEL)	17,707,170 ▼ -0.1
Pak Stock Exchange / Jul 30 Pakistan Stock Exchange Limited(PSX)	17,151,187 ▲ 1.81
Siddiqsons Tin / Jul 30 Siddiqsons Tin Plate Limited(STPL)	16,588,224 ▼ -1.02
Oilboy Energy / Jul 30 Oilboy Energy Limited(OBOY)	16,397,783 ▲ 1.79
Bank Al-Falah / Jul 30 Bank Alfalah Limited(BAFL)	15,644,542 ▲ 0.55

Most Popular