News Archives for Business & Finance - 2026-01-29

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Business & Finance - 2026-01-29

Markets

US trade returns to wider deficit in November as imports rise

The trade gap surged by 94.6 percent in November to $56.8 billion

Published 29 Jan, 2026 09:00pm

Companies

Air India orders 30 Boeing MAX jets

The latest additions bring the total number of Boeing aircraft orders to 250

Published 29 Jan, 2026 08:29pm

Commodities

Bullish outlook: gold expected to stay strong in Pakistan

Gold price per tola may cross Rs600,000 in Pakistan with increasing international rates, trader says

Published 29 Jan, 2026 08:12pm

Stocks

Gulf bourses end lower on Iran jitters

Saudi Arabia’s benchmark index dropped 0.7%

Published 29 Jan, 2026 07:43pm

Business & Finance

SBP-held reserves rise by $13m to $16.10 billion

Total liquid foreign reserves stood at $21.29 billion as of January 23

Published 29 Jan, 2026 07:23pm

Markets

Pakistan, US explore setting up ADR center for corporate disputes

Financial Industry Disputes Resolution Centre model of Singapore discussed

Published 29 Jan, 2026 07:12pm

Money & Banking

Trump says US Fed should ‘substantially lower’ interest rates

The Fed voted 10-2 on Wednesday to keep the benchmark lending rate unchanged

Published 29 Jan, 2026 07:03pm

Markets

US move on Venezuela signals drift from WTO rules, experts warn

World Trade Organisation mandatory for peaceful resolution of conflicts, an expert says

Published 29 Jan, 2026 06:32pm

Stocks

Sri Lankan shares rise decline as industrial stocks weigh

CSE All-Share index declined nearly 0.4% to 23,900.89

Published 29 Jan, 2026 06:12pm

Commodities

Asia rice: Thai, Vietnam prices firm; India rates steady on weak rupee

Thailand’s 5% broken rice was quoted at $390-$400 per tonne

Published 29 Jan, 2026 06:04pm

Companies

Tata Motors posts sharp fall in quarterly profit on demerger, labour-code charge

The company took a one-time hit of 15.45 billion Indian rupees

Published 29 Jan, 2026 05:49pm

Financial

India bonds steady before budget, RBI action offsets impact of Indian rupee fall

Benchmark 10-year 6.48% 2035 bond yield settled at 6.6984%

Published 29 Jan, 2026 05:39pm

Forex

Indian rupee hits record low, RBI intervention averts fall past 92

Indian rupee ended the session at 91.9550 per dollar

Published 29 Jan, 2026 04:45pm

Commodities

Palm ends at highest in three months on firmer commodity prices, crude

Dalian’s most-active soyoil contract rose 0.89 while its palm oil contract gained 1.15%

Published 29 Jan, 2026 04:30pm

Stocks

Indian shares rise for third session; gains capped by record-low rupee

Nifty 50 rose 0.3% to 25,418.90, while the BSE Sensex added 0.27% to 82,566.37

Published 29 Jan, 2026 04:27pm

Exchange

Rupee inches up against US dollar

Currency settles at 279.80 against greenback

Updated 29 Jan, 2026 08:25pm

Business & Finance

Tea-loving Pakistan eyes Rwandan coffee as consumption surges

Pakistan imports tea worth nearly $3 billion annually

Published 29 Jan, 2026 03:43pm

Business & Finance

Soneri Bank appoints Ahsan Mushahid as president, CEO

Ahsan to take charge in place of Muhtashim Ahmad Ashai

Published 29 Jan, 2026 03:36pm

Financial

Gold price per tola sets another record high in Pakistan

Reaches Rs572,862

Updated 29 Jan, 2026 04:31pm

Business & Finance

Avanceon Limited secures $9mn projects in Pakistan

Says projects gave a pathway for positive impact on the group’s business

Published 29 Jan, 2026 02:38pm

Companies

Hinopak Motors appoints CEO

Shares development with the PSX

Published 29 Jan, 2026 02:28pm

Markets

Airbus expects India to have 2,250 commercial jets in service over next 10 years

Airbus said on Thursday it expects airlines in India to have 2,250 commercial jets in service over the next 10 years

Published 29 Jan, 2026 01:09pm

Markets

Suzuki overtakes Nissan as Japan’s third-largest automaker in 2025

Suzuki reported a 1.4% rise in global sales to about 3.3 million cars last year

Published 29 Jan, 2026 01:07pm

Markets

Deutsche Bank exceeds profit expectations a day after police search

Germany’s largest lender recorded net profit attributable to shareholders of 6.12 billion euros ($7.3 billion) for 2025

Published 29 Jan, 2026 01:05pm

Markets

India economy to grow 6.8%-7.2% in 2026-27, government forecasts

The forecast in the annual economic survey represents a slowdown from this fiscal year's 7.4% projection

Published 29 Jan, 2026 01:03pm

Markets

ABB gives confident outlook for 2026

Revenues rose 13% to $9.05 billion, beating forecasts for $8.73 billion

Published 29 Jan, 2026 12:59pm

Markets

Nvidia’s CEO says China is still finalising license for H200

Huang arrived in Taipei after a trip to China where he said he visited customers, partners and government officials

Published 29 Jan, 2026 12:57pm

Mutual Funds

Japan’s short-dated bonds fall on Fed hold; superlong bonds gain

Benchmark 10-year JGB futures slipped 0.20 yen to 131.52 yen

Published 29 Jan, 2026 12:55pm

Markets

Sanofi targets high single digit sales growth in 2026, plans share buyback

In 2025, Sanofi completed a 5 billion euro share buyback program

Published 29 Jan, 2026 12:50pm

Markets

India’s textile exporters pin hopes on EU deal after US tariff blow

Under the pact, which will be implemented in about a year, the EU will immediately remove duties on 90% of Indian goods

Published 29 Jan, 2026 12:48pm

Money & Banking

Pakistan’s banking sector ADR rebounds to nearly 40% in December 2025

The banking sector’s gross Advance-to-Deposit Ratio (ADR) reversed its downward trajectory, clocking in at nearly...

Published 29 Jan, 2026 12:46pm

Commodities

Palm rises on firmer commodity prices, crude

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 35 ringgit, or 0.82%, to 4,307 ringgit

Published 29 Jan, 2026 12:42pm

Bullion Rate

India’s gold demand to fall in 2026 as jewellery slump offsets investment rise

Demand for gold could stand between 600 metric tons and 700 metric tons

Published 29 Jan, 2026 12:40pm

Commodities

Soybeans, wheat and corn boosted by weak dollar, fund buying

Corn reached a 2-1/2 week high on Wednesday

Published 29 Jan, 2026 12:37pm

Markets

Hyundai Motor reports bigger-than-expected profit fall in Q4 as US tariffs bite

Hyundai, which together with affiliate Kia is the world's third-biggest automaking group by sales

Published 29 Jan, 2026 12:36pm

Forex

Yuan eases from 32-month high as dollar rebounds after Fed pause

The yuan was trading at 6.9476 to the dollar by 0333 GMT, a pip lower than the previous late session close

Published 29 Jan, 2026 12:31pm

Markets

Tesla invests $2 billion in Musk’s xAI and reiterates Cybercab production starts this year

The news supported Musk's plan to pivot Tesla from an electric vehicle maker to an AI company, which is key to the company's roughly $1.5 trillion valuation

Published 29 Jan, 2026 11:11am

Mutual Funds

India bond traders eye RBI OMO, fresh debt supply before budget test

The benchmark 10-year 6.48% 2035 bond yield is likely to be in the 6.68%-6.72% range

Published 29 Jan, 2026 10:36am

Stocks

China stocks flat as metals, property gains offset tech

CSI300 real estate index in mainland China rallied over 4%

Published 29 Jan, 2026 10:32am

Stocks

Banks, miners drag Australian shares lower after hot inflation data revives hike odds

The S&P/ASX 200 index fell % to 8,890.40

Published 29 Jan, 2026 10:30am

Stocks

Japan’s Nikkei slips amid drag from strong yen; Advantest surges

The broader Topix declined 0.3% to 3,523.24

Published 29 Jan, 2026 10:29am

Stocks

KSE-100 sheds over 3% amid geopolitical uncertainty

Escalating geopolitical tensions and rising oil prices driving selling pressure, say analysts

Updated 29 Jan, 2026 06:40pm

Technology

Uplift AI raises $3.5mn in seed funding, eyes thousands of jobs in Pakistan

Startup is founded by Zaid Qureshi and Hammad Malik, former Apple and Amazon engineers

Updated 29 Jan, 2026 12:57pm

Forex

Dollar whipped as markets wary of mounting risks

The euro , which broke above the key $1.20 level on the back of the dollar's decline, traded just below that at $1.1979 in Asia

Updated 29 Jan, 2026 11:05am

Forex

Indian rupee stares at new low beyond 92 on offshore-led dollar rush, weak Asia

This puts the currency on course to breach its prior all-time low of 91.9650 set last week

Published 29 Jan, 2026 08:05am

Stocks

Asia tech streak takes a timeout, gold keeps climbing

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.6%

Published 29 Jan, 2026 08:01am

Stocks

Indian shares eye muted start after two-day rally, Fed rate pause

Gift Nifty futures were at 25,373.5

Published 29 Jan, 2026 07:57am

Forex

Australian dollar hits fresh 3-year peak, kiwi rises to 7-month top

The Aussie was down 0.2% at $0.7025 in Asian trade as investor sentiment in share markets turned after mixed earnings from the US tech giants

Published 29 Jan, 2026 07:54am

Energy

Brent crude nears six-month high on Iran attack concerns

Brent crude futures up $2.61, or 3.8%, to $71.01 a barrel at 1404 GMT

Updated 29 Jan, 2026 07:50pm

Bullion Rate

Gold nears $5,600/oz as investors seek safety, silver eyes $120

Spot gold shot up 2.7% to $5,542.29 an ounce
Spot silver was up 1.1% at $117.87 an ounce
Spot platinum rose 1% to $2,723.40 an ounce

Updated 29 Jan, 2026 02:20pm

Industry

Businessmen need govt support to win economic war: Magoon

KARACHI: Businessmen Panel Progressive (BMPP) Chairman and Federation of Pakistan Chambers of Commerce &...

Published 29 Jan, 2026 07:29am

Industry

‘Customs’ objective to facilitate business community’

LAHORE: Collector Customs (appraisement) Umar Shafiq said that the main objective of Pakistan Customs is to...

Published 29 Jan, 2026 07:22am

Industry

‘Pakistan failed to unlock full potential of its ports’

ISLAMABAD: Experts at a seminar on Wednesday stressed that Pakistan’s blue economy could generate up to USD 100...

Published 29 Jan, 2026 07:18am

Pakistan

HCSTSI President concerned at state of fire safety

HYDERABAD: Muhammad Saleem Memon, President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), has...

Published 29 Jan, 2026 07:16am

Pakistan

ICAP hosts National Finance Olympiad 2025

KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) conducted the Grand Finale of the National...

Published 29 Jan, 2026 07:12am

Business & Finance

Aurangzeb, German ambassador discuss economic relations

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met Wednesday with Ms Ina Lepel,...

Published 29 Jan, 2026 05:59am

Business & Finance

Crescent Steel awarded assorted-size bare line pipes contract

KARACHI: Crescent Steel and Allied Products Limited (CSAPL) has been awarded a contract worth Rs 3.86 billion by Sui...

Published 29 Jan, 2026 05:59am

Europe

Deutsche Bank offices searched over suspected money laundering

FRANKFURT: German prosecutors and police on Wednesday searched Deutsche Bank’s headquarters in Frankfurt and its...

Published 29 Jan, 2026 05:59am

Business & Finance

Pakistan, Turkiye agree to boost rice trade

ISLAMABAD: Türkiye reaffirmed its commitment to strengthening economic ties with Pakistan. It was also agreed that...

Published 29 Jan, 2026 05:59am

Industry

Mian Zahid seeks relief in cost of doing business

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

Published 29 Jan, 2026 05:59am

Industry

SPE Pakistan Section commences ATC & Exhibition

ISLAMABAD: The Society of Petroleum Engineers (SPE) Pakistan Section has commenced the 31st Annual Technical...

Updated 29 Jan, 2026 06:43am

Energy

Official says KP completes 10 hydropower projects to generate Rs13bn annually

PESHAWAR: “Khyber Pakhtunkhwa has completed 10 hydropower projects generating 224 megawatt electricity and earning a...

Updated 29 Jan, 2026 06:41am

Taxes

All tax offices to remain open on 31st

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that all Large Taxpayer Offices (LTOs), Medium Tax...

Updated 29 Jan, 2026 06:41am

Agriculture and Allied

Boosting agri exports: Dar briefed

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

Updated 29 Jan, 2026 06:41am

Business & Finance

Govt aims to launch district-level export plan: Ahsan

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that the government...

Updated 29 Jan, 2026 06:41am

Business & Finance

Dr Sidhu formally assumes charge as SECP chairman

ISLAMABAD: Dr Kabir Ahmed Sidhu has formally assumed charge as Chairman of the Securities and Exchange Commission of...

Updated 29 Jan, 2026 06:40am

Industry

India-EU trade deal to place Pakistan at a competitive disadvantage: PHMA

KARACHI: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Chairman (South), Faisal Arshad Sheikh ...

Updated 29 Jan, 2026 07:59am

Energy

KE to supply dedicated power for BYD’s NEV manufacturing operations

KARACHI: K-Electric (KE) and Mega Motor Company (MMC), partners of BYD in Pakistan, have signed a Memorandum of...

Updated 29 Jan, 2026 09:21am

Industry

KCCI slams move to collect super tax in one go

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has expressed grave concern over the government’s move...

Updated 29 Jan, 2026 06:38am

Companies

LCI announces financial results

KARACHI: Following the meeting of the Board of Directors, Lucky Core Industries Limited (the ‘Company’) announced...

Published 29 Jan, 2026 05:59am

Business & Finance

Meeting with KATI office-bearers: Bilateral trade witnessing steady growth: Malaysian CG

KARACHI: Malaysian Consul General Herman Hardynata Ahmad has said that bilateral trade between Pakistan and Malaysia...

Updated 29 Jan, 2026 06:38am

Companies

Zanda enters strategic partnership with ABHI Bank

KARACHI: Zanda Financial Services (Pvt) Ltd, a technology-enabled non-banking finance company, has entered into a...

Published 29 Jan, 2026 05:59am

Companies

UBL and Meezan Bank lead Pakistan’s largest private sector Islamic financing of Rs133bn

KARACHI: United Bank Limited (UBL) as one of the Mandated Lead Advisors & Arrangers, has successfully led...

Published 29 Jan, 2026 05:59am

Pakistan

Sindh exceeds federal wheat cultivation target for 2025-26

HYDERABAD: The Director General of Agriculture Extension Department Sindh has clarified facts regarding a news item...

Updated 29 Jan, 2026 06:38am

South Asia

Adani boosts electricity supply to Bangladesh despite souring diplomatic ties

SINGAPORE/DHAKA: India’s Adani Power is boosting electricity exports to Bangladesh, data from both governments...

Published 29 Jan, 2026 05:59am

Markets

Fed holds rates steady, sees 'elevated' inflation and stabilizing job market

Economic activity has been expanding at a solid pace,” Fed policymakers said

Updated 29 Jan, 2026 06:37am

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 29	163.44
USD to Swiss Franc / Jul 29	0.81
Pound Sterling to USD / Jul 29	1.34
Euro to USD / Jul 29	1.15
SOFR % / Jul 29	3.64

Stock	Volume
S&P 500 / Jul 29	7,316.15
India Sensex / Jul 29	77,654.60
Tokyo Nikkei / Jul 29	61,434.19
Nasdaq / Jul 29	24,442.94
Hang Seng / Jul 29	25,807.92
FTSE 100 / Jul 29	10,908.41
Dow Jones / Jul 29	51,594.14
Germany DAX 30 / Jul 29	25,460.48
France CAC40 / Jul 29	8,408.27

Item	Value
Crude Oil USD/Barrel / Jul 29	84.36
Karachi Cotton PKR/37.32 KG / Jul 29	18,480
Gold 10 Grams PKR / Jul 29	365,600
Gold Spot USD/Ounce / Jul 29	4,091.16
Cotton US¢/pound / Jul 29	79.53
Petrol/Litre / Jul 30	335.06
Diesel/Litre / Jul 30	390.62

Gainers
Losers
Leaders

Stock	Price
Siddiqsons Tin / Jul 29 Siddiqsons Tin Plate Limited(STPL)	10.18 ▲ 1 (10.89%)
Gulistan Sp. / Jul 29 Gulistan Spinning Mills Limited(GUSM)	10.63 ▲ 0.98 (10.16%)
Reliance Ins. / Jul 29 Reliance Insurance Company Limited(RICL)	13.37 ▲ 1.22 (10.04%)
Premier Insurance / Jul 29 Premier Insurance Limited(PINL)	11.08 ▲ 1.01 (10.03%)
786 Invest Ltd / Jul 29 786 Investments Limited(786)	25.80 ▲ 2.35 (10.02%)
Trust Mod. / Jul 29 Trust Modaraba(TRSM)	19.99 ▲ 1.82 (10.02%)
Aisha Steel(ConPS) / Jul 29 Aisha Steel(ConPS)(ASLPS)	32.20 ▲ 2.93 (10.01%)
Prosperity Weav / Jul 29 Prosperity Weaving Mills Limited(PRWM)	68.05 ▲ 6.19 (10.01%)
Ruby Textile / Jul 29 Ruby Textile Mills Limited(RUBY)	18.25 ▲ 1.66 (10.01%)
Dadabhoy Cement / Jul 29 Dadabhoy Cement Industries Limited(DBCI)	25.19 ▲ 2.29 (10%)

Stock	Price
Khairpur Sug. / Jul 29 Khairpur Sugar Mills Limited(KPUS)	1,203.44 ▼ -133.71 (-10%)
Maqbool Textile / Jul 29 Maqbool Textile Mills Limited(MQTM)	29.94 ▼ -3.32 (-9.98%)
National Silk / Jul 29 The National Silk & Rayon Mills Limited(NSRM)	273.85 ▼ -30.25 (-9.95%)
Power Cem(Pref) / Jul 29 Power Cement (Pref)(POWERPS)	23.39 ▼ -2.47 (-9.55%)
Shahtaj Sugar / Jul 29 Shahtaj Sugar Mills Limited(SHJS)	158.50 ▼ -16.16 (-9.25%)
Chashma / Jul 29 Chashma Sugar Mills Limited(CHAS)	90.68 ▼ -8.91 (-8.95%)
Khalid Siraj / Jul 29 Khalid Siraj Textile Mills Limited(KSTM)	13.62 ▼ -1.18 (-7.97%)
First Tri-Star Mod. / Jul 29 First Tri-Star Modaraba(FTSM)	35.05 ▼ -2.91 (-7.67%)
Dewan Automotive Eng. / Jul 29 Dewan Automotive Engineering Limited(DWAE)	21.59 ▼ -1.77 (-7.58%)
Pak Engineering / Jul 29 Pakistan Engineering Company Limited(PECO)	695.64 ▼ -54.36 (-7.25%)

Stock	Volume
Cnergyico PK / Jul 29 Cnergyico PK Limited(CNERGY)	58,656,206 ▼ -0.19
Siddiqsons Tin / Jul 29 Siddiqsons Tin Plate Limited(STPL)	50,224,225 ▲ 1
WorldCall Telecom / Jul 29 Worldcall Telecom Limited(WTL)	48,951,979 ▼ -0.02
Trust Sec.& Brok. / Jul 29 Trust Securities & Brokerage Limited(TSBL)	40,353,000 ▼ -0.03
TPL Properties / Jul 29 TPL Properties Limited(TPLP)	18,561,709 ▲ 0.03
Samba Bank / Jul 29 Samba Bank Limited(SBL)	18,512,128 ▲ 1.04
Maple Leaf Cement / Jul 29 Maple Leaf Cement Factory Limited(MLCF)	18,349,587 ▼ -1.24
Pak Refinery / Jul 29 Pakistan Refinery Limited(PRL)	16,486,569 ▼ -1.78
TPL Corp Ltd / Jul 29 TPL Corp Limited(TPL)	14,771,037 ▼ -0.15
Pak Int.Bulk / Jul 29 Pakistan International Bulk Terminal(PIBTL)	12,828,985 ▲ 0.04

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