News Archives for Business & Finance - 2026-02-03

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Business & Finance - 2026-02-03

Markets

Walmart hits $1 trillion in market value for the first time

Walmart's stock has outpaced the 16% rise in the benchmark S&P 500

Published 03 Feb, 2026 08:27pm

USA

US trade chief says India to maintain some agriculture protections in deal with Trump

Greer said US would continue to work on access to certain protected areas of India’s agriculture sector

Published 03 Feb, 2026 08:15pm

Markets

Indian regulator says grounded Air India plane’s fuel switches passed checks

Air India said on Monday it had grounded a Boeing Dreamliner after a pilot reported a possible defect with the fuel control switch

Published 03 Feb, 2026 06:39pm

Business & Finance

ECC defers ECP grant request, approves Rs1bn for scholarships, relief allocations

Directs ECP to re-submit summary with clearer details regarding the nature of expenditure and proposed utilisation of funds

Published 03 Feb, 2026 06:02pm

Markets

Pakistan rupee inches higher against US dollar

Local currency settles at 279.75 against greenback

Updated 03 Feb, 2026 07:17pm

Companies

Etihad Town delivers fifth project: Etihad Town premier enclave before time at grand possession event

Etihad Town organized a grand possession ceremony for its Premier Enclave, located on main Raiwind Road, marking the...

Published 03 Feb, 2026 04:49pm

Commodities

Precious metal price fluctuations could test fast-growing gold token market

The spot gold price had soared to a new record on Thursday, but a day later posted its biggest one-day slump since 1983

Published 03 Feb, 2026 04:48pm

Markets

India’s Adani Ports raises annual earnings forecast, expects Australia terminal boost

The company raised the upper end of its core earnings forecast by 8 billion Indian rupees ($88.74 million)

Published 03 Feb, 2026 04:32pm

Markets

PepsiCo tops quarterly revenue estimates on resilient demand for sodas

PepsiCo stuck to its annual core earnings per share target of 5% to 7% growth

Published 03 Feb, 2026 04:27pm

Markets

SMEs in Pakistan facing ‘unprecedented crisis’, experts warn

Many units operating below capacity or close to shutdown as production costs no longer be absorbed or passed on to market, an expert says

Published 03 Feb, 2026 04:05pm

Bullion Rate

Gold snaps 3-session losing streak, gains Rs24,000 per tola in Pakistan

International gold increases $240 to reach $4,916 per ounce

Updated 03 Feb, 2026 03:23pm

Commodities

Copper gains foothold after hard correction as supply woes persist

The benchmark three-month copper on the London Metals Exchange, meanwhile, surged 4.08% to $13,417 a ton

Published 03 Feb, 2026 02:37pm

Commodities

South Korea’s NOFI tenders to buy up to 207,000 metric tons corn

The deadline for submission of price offers in the tender is also Tuesday, February 3

Published 03 Feb, 2026 02:35pm

Forex

South African rand buoyed by bounce back in commodity prices

The rand traded at 15.92 against the dollar , about 1% stronger than its previous close

Published 03 Feb, 2026 02:32pm

Stocks

European shares hit record highs, focus shifts to earnings

The pan-European STOXX 600 added 0.8% to 622.46 points

Published 03 Feb, 2026 02:00pm

Stocks

Most Gulf markets gain ahead of earnings

Iran and the US are expected to restart nuclear talks on Friday in Turkiye

Published 03 Feb, 2026 01:52pm

Business & Finance

Finance minister Aurangzeb highlights government’s willingness to engage global investors

Meets a delegation of Citibank

Published 03 Feb, 2026 01:50pm

Business & Finance

Aurangzeb acknowledges KP concerns, pledges support on NFC allocations

Muhammad Aurangzeb holds meeting with Advisor to theKhyber Pakhtunkhwa Chief Minister for Finance Muzamil Aslam

Published 03 Feb, 2026 01:02pm

Forex

Yuan nears 33-month high on stronger fixing, settlement demand

The yuan stood 0.06% higher against the dollar

Published 03 Feb, 2026 11:40am

Stocks

Rare earth, defence gains counter tech slump in China and Hong Kong

Hong Kong's benchmark Hang Seng was up 0.1%

Published 03 Feb, 2026 11:38am

Commodities

Soybean futures climb on steady oil prices

soybean futures climbed on Tuesday

Published 03 Feb, 2026 11:36am

Stocks

Japan’s Nikkei jumps 3% as precious metals sell-off pauses By Junko Fujita

The Nikkei was up 3.05% to 54,261.71

Published 03 Feb, 2026 11:34am

Stocks

Miners and banks propel Australian shares higher; cenbank decision on tap

The S&P/ASX 200 index advanced 1.1% to touch 8,875.80

Published 03 Feb, 2026 11:33am

Forex

Australian dollar jumps as markets wagers on more RBA hikes

The Reserve Bank of Australia lifted its cash rate by 25 basis points to 3.85%

Published 03 Feb, 2026 11:26am

Business & Finance

SSGC appoints Zafar Abbas as director

He will be replacing Mirza Nasiruddin Mashhood Ahmad

Published 03 Feb, 2026 11:12am

Commodities

Palm oil tracks Dalian lower, falls for second session

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 32 ringgit, or 0.76%, at 4,197 ringgit

Published 03 Feb, 2026 11:08am

Mutual Funds

JGB yields rise on risk-on shift as slide in commodities pauses

The benchmark 10-year JGB yield climbed 2.5 basis points (bps) to 2.255%

Published 03 Feb, 2026 11:07am

Markets

India agrees to buy petroleum, defence goods, aircraft from US, official says

Trump said India agreed "BUY AMERICAN at a much higher level"

Published 03 Feb, 2026 10:57am

Stocks

KSE-100 Index gains 1% amid strong buying

Benchmark index settles at 186,900.74

Updated 03 Feb, 2026 05:47pm

Markets

Governor Sindh sets aside Ombudsman’s order against K-Electric CEO

Provincial Ombudsman had sought Moonis Alvi's removal from post over alleged involvement in a workplace harassment case

Published 03 Feb, 2026 09:58am

Forex

Indian rupee set to rally on prospects India-US trade deal to attract flows

*The 1-month non-deliverable forward indicated the rupee will open in the 90.15-90.25 range versus the U.S. dollar

Published 03 Feb, 2026 08:06am

Stocks

Indian shares poised to open near record-high levels after US trade deal

Gift Nifty futures were trading at 26,190 points

Published 03 Feb, 2026 08:03am

Stocks

Asian stocks up, gold bouncing back in calmer trade

Japan's Nikkei jumped 2.5% to recoup Monday losses and South Korea's KOSPI rose 4%

Published 03 Feb, 2026 07:59am

Bullion Rate

Gold set for biggest daily gain since 2008 after two-session rout

Spot platinum climbed 5.7% to $2,242.55 per ounce
- Spot gold climbed 5.8% to $4,935.56 an ounce
- Silver gained 10% to $87.40 an ounce on Tuesday

Updated 03 Feb, 2026 01:58pm

Forex

Dollar holds gains on economic data, Fed bets; Aussie advances before RBA

The Australian dollar rose ahead of an expected rate hike by the nation's central bank

Published 03 Feb, 2026 07:48am

Energy

Oil steadies as investors weigh supply, possible US-Iran de-escalation

Brent crude futures gained 17 cents to $66.47 per barrel

Updated 03 Feb, 2026 07:22pm

Industry

PD urged to restructure tariff regime

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

Published 03 Feb, 2026 07:42am

Taxes

PRA operation: Businesses fined for manipulating sales record

LAHORE: The Punjab Revenue Authority (PRA) carried out enforcement operations in Lahore and Rawalpindi against...

Published 03 Feb, 2026 07:41am

Pakistan

FBR imposes minor penalty on tax officer

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a minor penalty on a tax officer of Karachi, who failed to...

Published 03 Feb, 2026 07:39am

Business & Finance

Strategic economic partnership: Pakistan, Uzbekistan have reaffirm commitment

ISLAMABAD: Pakistan and Uzbekistan have reaffirm commitment to deepening strategic economic partnership at 10th ...

Published 03 Feb, 2026 07:35am

Industry

Trade leader demands zero-percent GST regime

KARACHI: Former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and former...

Published 03 Feb, 2026 07:31am

Business & Finance

Retail & storage network: Wafi Energy plans USD100m investment

ISLAMABAD: The Wafi Energy Pakistan Ltd has signalled plans to invest up to USD100 million over the next two to ...

Published 03 Feb, 2026 06:05am

Companies

SAZEW market cap crosses USD500m

KARACHI: SAZEW has grown from a USD10.8m company in Feb 2023 to USD500m in Feb 2026, marking a 46 times increase in...

Published 03 Feb, 2026 06:05am

Taxes

Textile Mills Association for adjusting super tax liability against pending refunds

KARACHI: All Pakistan Textile Mills Association (APTMA) has urged the FBR to adjust the Super Tax liability...

Updated 03 Feb, 2026 07:21am

Business & Finance

Shipping agents and freight forwarders: APPMA slams ‘illegal’ charges, FBR ‘inaction’

KARACHI: All Pakistan Paper Merchants Association (APPMA) has accused shipping lines, agents, and freight forwarders...

Published 03 Feb, 2026 06:05am

Business & Finance

Dec CPI inflation stands at 5.6pc YoY

ISLAMABAD: Consumer Price Index-based inflation stood at 5.6 per cent on a year-on-year (YoY) basis in December...

Published 03 Feb, 2026 06:05am

Energy

Oil falls 5pc on US-Iran de-escalation

NEW YORK: Oil prices fell 5 percent on Monday after US President Donald Trump said Iran was “seriously talking” with...

Published 03 Feb, 2026 06:05am

Industry

Global factory activity improves on growing demand

BENGALURU/TOKYO: Global factory activity improved in January, with a better performance by key Asian exporters and a...

Published 03 Feb, 2026 06:05am

Business & Finance

IRSOA accused of using official name of FBR unlawfully

ISLAMABAD: International Constitutional lawyer Muhammad Azhar Siddique has issued a notice to the Federal Board of...

Published 03 Feb, 2026 06:05am

Companies

Bank Al Falah Nigaah Art Awards: celebrating excellence, vision, and creative legacy

KARACHI: The Bank Al Falah Nigaah Art Awards 2026, held on Saturday at the historic Mohatta Palace, brought together...

Published 03 Feb, 2026 06:05am

Companies

HBL Manufacturing PMI eases to 51.8 on softer growth in new orders

KARACHI: The HBL Pakistan Manufacturing PMI eased to 51.8 in January, down slightly from 52.8 in the previous month,...

Published 03 Feb, 2026 06:05am

Industry

Japanese envoy visits FCCI: ‘Direct air links will enhance bilateral trade’

FAISALABAD: Direct air links between Pakistan and Japan in near future would further expedite the process of...

Published 03 Feb, 2026 06:05am

Industry

Industrial sector: LCCI chief lauds abolition of Rs102bn cross-subsidy

LAHORE: President of the Lahore Chamber of Commerce and Industry (LCCI) Faheem ur Rehman Saigol has thanked the...

Published 03 Feb, 2026 06:05am

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Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

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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