News Archives for Business & Finance - 2026-01-28

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Business & Finance - 2026-01-28

Industry

Pakistan, China launch e-mining platform

Initiative aimed at improving information sharing, project connectivity, and cooperation between Pakistani authorities, Chinese enterprises

Published 28 Jan, 2026 10:28pm

South Asia

India to slash tariffs on high-end EU cars to 30% in boost for luxury carmakers

India is the third-largest car market globally by sales after the United States and China

Published 28 Jan, 2026 09:13pm

Business & Finance

Govt reviewing measures to ease cost burden on exporters, Aurangzeb says

Finance minister meets APTMA delegation

Published 28 Jan, 2026 08:04pm

Business & Finance

FBR to keep all field offices open on Saturday to facilitate taxpayers

FBR says decision is meant to ensure smooth collection of revenues

Published 28 Jan, 2026 07:07pm

Commodities

Copper and aluminium climb as weak dollar extends metals rally

Benchmark three-month copper on the London Metal Exchange was up 0.6% at $13,087 a metric ton

Published 28 Jan, 2026 06:35pm

Stocks

Most Gulf bourses gain on earnings, oil

Saudi Arabia’s benchmark index gained 0.7%, with oil major Saudi Aramco up 1.5%

Published 28 Jan, 2026 06:28pm

Stocks

Sri Lankan shares end slightly up as real estate stocks rise

CSE All-Share index settled 0.13% higher at 23,992.11 points

Published 28 Jan, 2026 06:25pm

Financial

India bonds rise as RBI moves up debt-buy plan; budget key

Benchmark 10-year bond yield ended at 6.7026%

Published 28 Jan, 2026 06:11pm

Companies

Adani Airports urges India to relax seat caps on foreign airlines

In the short term, growth in Indian aviation is constrained by bilateral agreements

Published 28 Jan, 2026 06:06pm

Companies

Amazon axes 16,000 jobs as it pushes AI and efficiency

It is nearly 10% of its corporate workforce and represents the largest job cuts in its three-decades

Published 28 Jan, 2026 05:53pm

Commodities

Palm ends higher on stronger soyoil and palm olein

Dalian’s most-active soyoil contract rose 1.44%

Published 28 Jan, 2026 04:47pm

Forex

Indian rupee lags Asian peers as NDF maturities, month-end dollar bids pinch

Indian rupee ended at 91.7825 per dollar

Published 28 Jan, 2026 04:41pm

Markets

Local manufacturers target 2mn 5G mobile handsets ahead of service launch

Local assemblers have already manufactured/assembled about 0.5mn 5G-enabled mobile handsets

Published 28 Jan, 2026 04:40pm

Stocks

Indian shares rise on EU deal; defence, infrastructure stocks gain ahead of budget

Nifty 50 rose 0.66% to 25,342.75, while the BSE Sensex added 0.6% to 82,344.68

Published 28 Jan, 2026 04:37pm

Energy

Kazakhstan export loss to ease global oil supply glut, Vitol executive says

global crude oil stocks are expected to rise by about 700,000 barrels per day

Published 28 Jan, 2026 04:33pm

Financial

India bonds flash red ahead of 30 trillion Indian rupee debt wave

Market rates have remained elevated despite unprecedented measures by the Reserve Bank of India

Published 28 Jan, 2026 04:28pm

Companies

LNG buyers prioritising supply security over price, TotalEnergies executive says

In the world we live in security of supply is coming back to the top of the agenda … the customer wants the energy to be delivered

Published 28 Jan, 2026 04:22pm

Exchange

Rupee records gain against US dollar

Currency settles at 279.81 against US dollar

Updated 28 Jan, 2026 07:11pm

Business & Finance

Pakistan, Germany stress stronger economic ties

Finance Minister Muhammad Aurangzeb meets Ina Lepel, Ambassador of Germany to Pakistan

Published 28 Jan, 2026 03:21pm

Markets

500,000 tons of Passco wheat set for disposal, ECC aims to curb storage costs

ECC approved provision of 300,000 metric tons of Passco wheat to the Food and Consumer Protection Department

Published 28 Jan, 2026 02:39pm

Business & Finance

India-EU FTA ‘to hurt’ Pakistan’s textile sector, warn experts

The EU remains a key destination for Pakistan’s textile exports

Updated 28 Jan, 2026 03:18pm

Financial

Gold price per tola hits record-high in Pakistan

Reaches Rs551,662 after a record gain of Rs21,100 during the day

Updated 28 Jan, 2026 06:35pm

Markets

Symmetry Group eyes revenue boost after 3-year contract with Jazz

Symmetry Group, a digital technology company based in Pakistan, announced that its subsidiary, Iris Digital...

Published 28 Jan, 2026 01:21pm

Markets

South Korean chip giant SK hynix reports record annual operating profit

SK hynix said Wednesday it had achieved record profits in 2025 on the back of a surge in global demand

Published 28 Jan, 2026 01:15pm

Markets

Dutch tech firm ASML says to cut around 1,700 jobs

ASML said Wednesday that it would lay off around 1,700 people

Published 28 Jan, 2026 01:11pm

Markets

Sri Lanka central bank holds policy rate steady as IMF review looms

The Central Bank of Sri Lanka (CBSL) maintained the overnight policy rate at 7.75%

Published 28 Jan, 2026 12:57pm

Commodities

Iron ore dips as construction halts weigh down demand

The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.44% lower at 785 yuan a metric ton

Published 28 Jan, 2026 12:42pm

Commodities

Copper climbs as dollar hits multi-year lows; aluminium surges on weak stock

The benchmark three-month copper on the London Metal Exchange, meanwhile, jumped 1.69% to $13,226.50 a ton

Published 28 Jan, 2026 11:47am

Stocks

Hong Kong stocks extend gains to 4-1/2-year high, mainland market higher

Hong Kong's benchmark Hang Seng Index was up 2.21% - its highest level since July 2021

Published 28 Jan, 2026 11:40am

Markets

China gives green light to importing first batch of Nvidia’s H200 AI chips, sources say

The approval covers several hundred thousand H200 chips and was granted during Nvidia Chief Executive Jensen Huang's visit to China this week

Published 28 Jan, 2026 11:36am

Mutual Funds

Japanese bonds rally as 40-year auction shows resilient demand before election

The yield on the 40-year JGB, which last week touched an all-time high of 4.205%

Published 28 Jan, 2026 11:24am

Forex

Yuan hits fresh 32-month high as dollar tumbles, PBOC boosts guidance

The yuan strengthened to as much as 6.9449 against the US dollar, the strongest level since May 15, 2023

Published 28 Jan, 2026 11:15am

Markets

ECB may need fresh rate cut if euro strengthens, Kocher tells FT

If the euro appreciates further and further, at some stage this might create of course a certain necessity to react in terms of monetary policy

Published 28 Jan, 2026 11:06am

Mutual Funds

India bonds inch up as RBI moves up debt buying after sell-off

The benchmark 10-year bond yield was at 6.7083%

Published 28 Jan, 2026 10:54am

Commodities

Soybeans and corn rise thanks to sliding dollar, hot Argentina weather

Wheat futures also rose

Published 28 Jan, 2026 10:51am

Commodities

Palm little changed as stronger ringgit weighs on prices

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 2 ringgit, or 0.05%, to 4,262 ringgit

Published 28 Jan, 2026 10:47am

Stocks

Australian shares climb as commodities lift gold, oil stocks ahead of key inflation data

The S&P/ASX 200 index rose 0.4% to 8,976.40

Published 28 Jan, 2026 10:46am

Forex

Australian dollar near 3-year peak as rate bets ramp up

The Aussie was enjoying the view at $0.6994, climbing 1.4% overnight to as high as $0.7016

Published 28 Jan, 2026 10:44am

Stocks

Japan’s Nikkei sinks under weight of strong yen; AI shares outperform

The Nikkei lost 0.5% to 53,052.77 in morning trading, with 193 of the index's 225 components falling

Published 28 Jan, 2026 10:41am

Stocks

Dollar struggles to recover from losses after Trump comments

There were also healthy gains in Hong Kong, Shanghai, Taipei and Jakarta, though Tokyo, Sydney, Singapore, Wellington and Manila eased

Published 28 Jan, 2026 10:37am

Business & Finance

Packages Limited approves redemption of 2mn IFC preference shares

Says there were 8,186,842 Preference Shares/Convertible Stock outstanding

Published 28 Jan, 2026 10:30am

Markets

Pakistan seeks larger rice exports to Türkiye as India, Vietnam intensify competition

Govt has developed a pricing support mechanism to ensure Pakistan remains competitive in international markets

Published 28 Jan, 2026 10:16am

Stocks

Stocks end flat amid range-bound trading session

Benchmark index settles at 188,380.39

Updated 28 Jan, 2026 06:12pm

Forex

Indian rupee set to find more breathing room after Trump remarks jolt dollar

The 1-month non-deliverable forward indicated the rupee will open in the 91.48-91.52 range versus the US dollar, having settled at 91.72 on Tuesday

Published 28 Jan, 2026 08:08am

Stocks

Indian equity benchmarks set to open higher on EU trade deal, positive global cues

*Gift Nifty futures were trading at 25,441.5

Published 28 Jan, 2026 08:03am

Forex

Dollar crumbles after Trump remarks; euro, yen, sterling surge

The dollar index , which measures the US currency against six major rivals, was at 95.964 after dropping over 1% in the previous session when it hit a four-year low of 95.566

Published 28 Jan, 2026 07:59am

Energy

Oil prices hover around four-month high, buoyed by weak dollar and outages

Brent crude futures ticked up 38 cents, or 0.6%, at $67.95 a barrel

Updated 28 Jan, 2026 06:31pm

Bullion Rate

Gold’s extends rally above $5,300 as dollar slides

Spot gold climbed 2.3% to $5,305.65 per ounce
Spot silver was up 1.5% at $114.68 an ounce
Spot platinum gained 2.3% to $2,703.11 per ounce

Updated 28 Jan, 2026 02:23pm

Pakistan

Overseas Pakistanis: Naqvi assures safeguarding investments

ISLAMABAD: The government on Tuesday assured overseas Pakistanis that their investments will be safeguarded through...

Published 28 Jan, 2026 07:43am

Industry

Mining, gemstone sectors: Pakistan, Australia discuss cooperation

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik met with the new Australian High Commissioner to ...

Published 28 Jan, 2026 07:38am

Interest Rates

PCDMA decries SBP’s decision to hold policy rate

KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) Chairman Salim Valimuhammad has called on the...

Published 28 Jan, 2026 07:30am

Industry

REDAMCO’s generates multiple revenue, used railway lands commercially: CEO

LAHORE: Brigadier Shoeb Anwar Kayani (retd), CEO of REDAMCO, Ministry of Railways, said that REDAMCO was established...

Published 28 Jan, 2026 07:28am

Business & Finance

SECP introduces draft amendments to Companies Regulations, 2024

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has empowered the Registrar of Companies (ROCs)...

Published 28 Jan, 2026 07:26am

Companies

PQGTL’s IPO opens today

KARACHI: The general public can subscribe to the Initial Public Offering (IPO) of Pak Qatar General Takaful Limited...

Published 28 Jan, 2026 07:24am

Pakistan

Muhammad Ali Farid made SECP commissioner

ISLAMABAD: The federal government has appointed Muhammad Ali Farid Khwaja as a commissioner of the Securities and...

Published 28 Jan, 2026 07:22am

Companies

Panadol liquid production: Haleon to pump in £3.58m for modernisation, expansion

KARACHI: Haleon Pakistan Limited has approved a £3.58 million, approximately Rs1.25 billion, capital investment to...

Published 28 Jan, 2026 07:17am

Companies

Khushhali Microfinance Bank exhibits remarkable business solutions

LAHORE: Khushhali Microfinance Bank Limited was among one of the few stalls at the SME Made in Pakistan Cluster Expo...

Updated 28 Jan, 2026 06:53am

Pakistan

PDA lauds PFA for ‘Safe Milk Campaign’

LAHORE: The Pakistan Dairy Association (PDA) lauded the efforts of the Punjab Food Authority (PFA) under the Safe...

Updated 28 Jan, 2026 06:52am

Industry

Pakistan-UAE trade conference, business networking event held

DUBAI: The Consulate General of Pakistan in coordination with Trade Development Authority of Pakistan (TDAP)...

Updated 28 Jan, 2026 06:52am

Commodities

Silver soars, gold falls

KARACHI: Silver prices further rose to a new record level but gold lost pace, falling from an historic height on...

Updated 28 Jan, 2026 06:56am

Business & Finance

SECP proposes amendments in Section 16 of Companies Act

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments in the Companies Act...

Updated 28 Jan, 2026 06:52am

Pakistan

Dar reviews essential commodities’ situation

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