News Archives for Business & Finance - 2026-02-04

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Business & Finance - 2026-02-04

Business & Finance

Kazakhstan shows interest in importing 50,000 tonnes of potatoes from Pakistan: ministry

The ministry says a timeline from April to June 2026 has been agreed upon for the export of potatoes

Published 04 Feb, 2026 10:16pm

Companies

Air India finds no issue with Boeing fuel switch after grounding

The airline grounded a Boeing 787-8 Dreamliner after one of the pilots reported a possible defect in the fuel control switch

Published 04 Feb, 2026 08:40pm

Money & Banking

US Treasury chief warns ‘excessive regulation’ can bring stagnation

Bessent is appearing before the panel to discuss the Financial Stability Oversight Council's annual report

Published 04 Feb, 2026 08:37pm

Energy

India’s Russian oil imports down 12% in Jan/Dec amid US-India trade talks

India’s Russian oil imports in January were down by some 12% on a daily basis from last December

Published 04 Feb, 2026 07:39pm

Stocks

Gulf stocks rise on firmer oil, earnings; Dubai hits new record high

Saudi Arabia’s benchmark stock index edged up 0.1%

Published 04 Feb, 2026 07:21pm

Companies

Gourmet Foods Pakistan achieves unprecedented triple triumph, claiming top honors across South Asia and Pakistan

In an extraordinary display of corporate excellence, Gourmet Foods Pakistan has secured a prestigious triple...

Updated 04 Feb, 2026 07:12pm

Business & Finance

New-design currency notes to have enhanced security features, Senate panel told

SBP Governor Jameel Ahmad briefs the committee that the new banknotes had been vetted by the SBP Board and designed to curb counterfeit currency

Updated 04 Feb, 2026 10:50pm

Financial

Indian bonds rise ahead of central bank debt purchase, policy outcome

Benchmark 10-year 6.48% 2035 bond yield ended at 6.6972%

Published 04 Feb, 2026 05:39pm

Commodities

Copper falls on stronger dollar and inventories outlook

Benchmark three-month copper on the London Metal Exchange was down 0.7% at $13,384.50 a metric ton

Published 04 Feb, 2026 05:33pm

Markets

Pakistan rupee registers gain against US dollar

Local currency settles at 279.72 against greenback

Updated 04 Feb, 2026 08:45pm

Forex

Indian rupee dips, traders gauge fresh terrain after trade deal rally

Indian rupee settled at 90.4350 per dollar

Published 04 Feb, 2026 04:38pm

Europe

Kremlin says it sees nothing new in India’s plan to diversify its oil supplies

'India has always purchased these products from other countries. That is why we do not see any new developments here'

Published 04 Feb, 2026 04:27pm

Business & Finance

Crescent Steel to discontinue cotton segment as part of strategic shift

Decision taken after a detailed review of the segment’s performance and its alignment with the Company’s long-term objectives

Published 04 Feb, 2026 04:16pm

Companies

IndiGo cuts some long-haul flights due to airspace closures, airport congestion

IndiGo will suspend Copenhagen flights from February 17

Published 04 Feb, 2026 04:14pm

Commodities

Palm oil tracks Dalian rivals higher

Dalian’s most-active soyoil contract gained 0.42%

Published 04 Feb, 2026 04:10pm

Stocks

Indian shares post modest gains as IT selloff tempers US trade deal optimism

Nifty 50 rose 0.19% to 25,776, while the BSE Sensex added 0.09% to 83,817.69

Published 04 Feb, 2026 04:03pm

Money & Banking

Indian central bank’s $10 billion FX swap subscribed 2.5 times over

The swap is part of the central bank’s measures to inject over $23 billion of Indian rupee liquidity into the banking system

Published 04 Feb, 2026 04:00pm

Markets

Interloop’s half-year profit soars nearly 300% to Rs5.9bn

Company announces interim cash dividend of Rs2/share for the year ending on June 30, 2026

Updated 04 Feb, 2026 10:53pm

Business & Finance

Pakistan govt directs ministries to submit pro-climate budget proposals for FY2026-27

EU to bind Pakistan’s textile sector to control its carbon footprints to threshold by 2027-2030, speaker says

Published 04 Feb, 2026 02:26pm

Markets

KFC India operator Devyani International promotes CFO Manish Dawar to CEO

Insider Anupam Kumar will take over as Devyani's CFO while Joshi will remain with the company

Published 04 Feb, 2026 12:53pm

Financial

Gold per tola gains Rs14,800 in Pakistan

Reaches Rs529,162 during the day

Published 04 Feb, 2026 12:49pm

Forex

Thai baht/US dollar stronger on Wednesday

The baht was 0.22% higher at 31.59 versus the dollar, after trading in a range of 31.590 to 31.745

Published 04 Feb, 2026 12:05pm

Markets

Pakistan among countries set to feature in JPMorgan’s new frontier debt index

Move comes 15 years after Wall Street bank launched hard-currency NEXGEM frontier index

Published 04 Feb, 2026 11:51am

Markets

Nintendo shares slide 10% as momentum fears grow

Investors are also concerned about what impact rising prices of memory chips will have on Nintendo's margins

Published 04 Feb, 2026 11:48am

Commodities

Shanghai copper climbs on China’s plan to expand strategic reserves

The benchmark three-month copper on the London Metal Exchange, meanwhile, dipped 1.11% to $13,328.50 a ton

Published 04 Feb, 2026 11:44am

Companies

Boeing expects to start delivering improved 787 Dreamliners in first half

Hulst also said the planemaker expected the larger 777X to be certified in the second half of the year

Published 04 Feb, 2026 11:42am

Stocks

China, Hong Kong stocks edge lower as tech drags

China’s blue-chip CSI300 Index slipped 0.2% by the lunch break

Published 04 Feb, 2026 11:27am

Markets

Ford and Geely in talks for manufacturing, technology partnership, sources say

The companies are in talks to have Geely use Ford factory space in Europe to produce vehicles for the region

Published 04 Feb, 2026 11:22am

Energy

Petronas signs 20-year LNG supply deal with QatarEnergy

Petronas has signed LNG import deals with Woodside Energy, Commonwealth LNG, Venture Global and ADNOC in recent years

Published 04 Feb, 2026 11:20am

Forex

China’s yuan briefly hits near 33-month high, but PBOC fix signals caution over rapid gains

The People's Bank of China (PBOC) set the midpoint at 6.9533 per US dollar

Published 04 Feb, 2026 11:17am

Mutual Funds

Vietnam raises $212mn in government bond auction

The uptake was also lower, with 38% of the bonds on offer sold, compared with 58% last week

Published 04 Feb, 2026 11:16am

Stocks

Buying spree continues as KSE-100 Index gains for 4th straight session

Benchmark index settles at 187,832.08

Updated 04 Feb, 2026 05:39pm

Mutual Funds

India bonds a tad up ahead of RBI debt buy, policy decision this week

The benchmark 10-year 6.48% 2035 bond yield was at 6.7152%

Published 04 Feb, 2026 10:54am

Commodities

Dalian iron ore flat as hot metal output rises amid weak demand

The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded flat at 784 yuan ($113.01) a metric ton

Published 04 Feb, 2026 10:49am

Commodities

Chicago wheat rise over Black Sea cold weather concerns

CBOT wheat was up 0.1% at $5.29-1/2 a bushel

Published 04 Feb, 2026 10:46am

Forex

New Zealand dollar slip after mixed jobs report, Aussie bathed in rate glows

The Aussie was 0.1% higher at $0.7030, after jumping 1.1% overnight to as high as $0.7050

Published 04 Feb, 2026 10:43am

Stocks

Australian shares inch lower as banks, tech stocks drag

The S&P/ASX 200 index fell 0.2% to 8,842.60

Published 04 Feb, 2026 10:40am

Stocks

Japan’s Nikkei slips after sharp gain, tech shares weigh

The Nikkei fell 0.6% to 54,384.53

Published 04 Feb, 2026 10:37am

Bullion Rate

Gold extends rally, jumps over 2% as US-Iran tensions flare

Spot gold gained 2.7% to $5,071.79 per ounce
Bullion scaled a record high of $5,594.82 last Thursday
Spot silver rose 3.2% to $87.84 an ounce

Updated 04 Feb, 2026 12:47pm

Commodities

Palm oil tracks Dalian rivals higher, stronger ringgit caps gains

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 5 ringgit, or 0.12%, to 4,220 ringgit

Published 04 Feb, 2026 10:27am

Stocks

Indian stocks set to extend gains on US trade deal; tech sell-off may cap upside

Gift Nifty futures were trading at 25,803 points

Published 04 Feb, 2026 08:13am

Forex

Indian rupee may dip after US-India deal rally; large corporates seen mopping up dollars

The 1-month non-deliverable forward indicated the rupee will open in the 90.35-90.40 range versus the US dollar

Published 04 Feb, 2026 08:11am

Forex

Dollar steady, yen wobbles ahead of Japan election

The euro was at $1.1814 in early trading
- The dollar index , which measures the greenback against six major currencies, was at 97.43

Published 04 Feb, 2026 08:04am

Stocks

Asia shares wobble, oil prices climb and gold makes a comeback

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2%, while Japan's Nikkei fell 1.23%

Published 04 Feb, 2026 07:59am

Energy

Oil prices rise on U.S.-Iran tensions; broader selloff caps gains

Brent crude oil futures were up 46 cents, or 0.7%, at $67.79 a barrel

Updated 04 Feb, 2026 04:19pm

Business & Finance

Aurangzeb, KP delegation discuss NFC releases, fiscal matters

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday assured support to the...

Published 04 Feb, 2026 06:59am

Money & Banking

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) and all banks will remain closed on Thursday, February 5, 2026 being...

Published 04 Feb, 2026 06:34am

Business & Finance

Production of biofuel from offal: accord to be signed with Pak Suzuki Company: minister

LAHORE: Punjab Local Government Minister Zeeshan Rafique announced that a memorandum of understanding (MoU) will be...

Updated 04 Feb, 2026 08:10am

Business & Finance

Jan cement despatches up 12.54pc YoY

LAHORE: Cement despatches increased by 12.54 percent in January 2026 as total cement despatches during the month...