News Archives for Business & Finance - 2026-02-09

<<>>

Business & Finance - 2026-02-09

Markets

NY Fed survey: January near-term expected inflation lower amid better job market views

The retreat in near-term expected inflation is likely to be viewed as good news by Federal Reserve policymakers

Published 09 Feb, 2026 09:07pm

Markets

Saudi PIF to unveil new 2026–2030 strategy this week, sources say

The shift marks the most significant recalibration yet of Vision 2030, Crown Prince Mohammed bin Salman’s economic transformation plan

Published 09 Feb, 2026 08:53pm

Business & Finance

SBP projects inflation within target range, sees growth picking up in FY26

The report reviews economic developments since the publication of the previous MPR in August 2025

Published 09 Feb, 2026 08:24pm

Companies

Master Changan celebrates becoming Pakistan’s 4th largest automobile brand in 2025

Master Changan has achieved a major milestone by becoming the 4th largest automobile brand in Pakistan in 2025,...

Published 09 Feb, 2026 08:07pm

Companies

Indian yarn maker Trident posts quarterly profit slump as exports soften

Overall revenue dropped 6% to 15.74 billion Indian rupees

Published 09 Feb, 2026 07:00pm

Financial

India bonds fall as state supply burden deepens post-policy selloff

Benchmark 6.48% 2035 bond yield halted at 6.7559%

Published 09 Feb, 2026 06:49pm

Stocks

Sri Lankan shares end lower as IT, materials stocks decline

CSE All Share index settled 0.2% down at 23,754.26

Published 09 Feb, 2026 06:45pm

Stocks

Most Gulf stocks rise as US-Iran talks ease tensions; earnings support

Dubai’s benchmark stock index extended its rally to a sixth straight session and rose 1.3% to 6,774

Updated 17 Mar, 2026 12:13pm

Commodities

Weak demand, higher stocks to challenge copper bulls

Benchmark copper on the London Metal Exchange traded 0.4% higher at $13,043 a metric ton

Published 09 Feb, 2026 06:34pm

Markets

EU threatens temporary measures to stop Meta blocking AI rivals from WhatsApp

There are many AI options and people can use them from app stores, operating systems, devices, websites and industry partnerships

Published 09 Feb, 2026 04:49pm

USA

Instagram, YouTube addiction trial kicks off in Los Angeles

Meta Platforms CEO Mark Zuckerberg is expected to be called as a witness at the trial

Published 09 Feb, 2026 04:42pm

Exchange

Rupee sees gain against US dollar

Currency settles at 279.70 against greenback

Updated 09 Feb, 2026 07:35pm

Commodities

Palm gains on rival soyoil, key data on output and price projections awaited

Dalian’s most-active soyoil contract gained 0.07%

Published 09 Feb, 2026 04:31pm

Stocks

SBI closes at record high on profit beat, upbeat loan growth outlook

State Bank of India delivered yet another strong print, demonstrating strong earnings resilience, much better than peers

Published 09 Feb, 2026 04:28pm

Forex

Indian rupee finds muted relief from weaker dollar; corporate flows dominate

Indian rupee closed at 90.7575 per dollar

Published 09 Feb, 2026 04:15pm

Stocks

Indian shares rise on US trade optimism, strong earnings from top lender SBI

Nifty 50 rose 0.68% to 25,867.3 and the BSE Sensex added 0.58% to 84,065.75

Published 09 Feb, 2026 04:10pm

Business & Finance

Symmetry Group approves Rs1.25bn investment plan

To acquire US tech firm and invest in local AI Company

Published 09 Feb, 2026 03:24pm

Business & Finance

AI platform Qureos raises $5mn seed round to fix hiring problems

Qureos, an AI-driven hiring platform founded in the Middle East, has closed a $5 million seed round led by Prosus...

Published 09 Feb, 2026 03:14pm

Business & Finance

Nishat Hotels formally withdraws PAI for Rafhan Maize Deal

Says that it still intends to complete the transaction

Published 09 Feb, 2026 02:18pm

Business & Finance

GSP Plus status: Ishaq Dar reviews measures to expand trade ties with EU

Says Pakistan has successfully completed four biennial GSP Plus reviews

Published 09 Feb, 2026 01:12pm

Pakistan

Moody’s revises Pakistan’s banking sector outlook to stable amid gradual recovery

Moody’s forecasts Pakistan’s real GDP growth of around 3.5% for 2026

Updated 09 Feb, 2026 05:45pm

Business & Finance

CEO resignation: K-Electric reschedules board meeting

Schedules meeting on February 13

Published 09 Feb, 2026 12:21pm

Markets

AlUla Conference: Aurangzeb highlights Pakistan’s debt-to-GDP decline, fiscal progress

Finance Minister Muhammad Aurangzeb said that Pakistan has reduced its debt-to-GDP ratio from 74% to 70% over the...

Published 09 Feb, 2026 12:17pm

Financial

Gold price per tola gains Rs5,300 in Pakistan

Price of silver increases by Rs346 to reach Rs8,615 per tola

Updated 09 Feb, 2026 03:57pm

Commodities

Chicago soybeans pull back after four-day rally; traders eye USDA crop report

The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 0.38% to $11.11 a bushel

Published 09 Feb, 2026 11:56am

Money & Banking

SBP chief defends high interest rates amid global, domestic risks

He said the most difficult part of the central bank’s job is taking preemptive actions

Updated 09 Feb, 2026 01:36pm

Commodities

Iron ore dips as worries over Australian supply disruptions ease

The benchmark March iron ore on the Singapore Exchange was 0.72% higher at $99.75 a ton

Published 09 Feb, 2026 11:54am

Commodities

Copper climbs on dip-buying, softer dollar

The benchmark three-month copper on the London Metal Exchange added 0.40% to $13,046.50 a ton

Published 09 Feb, 2026 11:47am

Mutual Funds

Indian bonds slip on heavy state debt supply, post-RBI move

The benchmark 6.48% 2035 bond yield was at 6.7609%

Published 09 Feb, 2026 11:30am

Mutual Funds

Philippines awards $647mn T-bill offer

Tenders total 158.2 billion pesos

Published 09 Feb, 2026 11:20am

Forex

Thai baht/US dollar stronger on Monday

The baht was 0.43% higher at 31.35 versus the dollar, after trading in a range of 31.300 to 31.570

Published 09 Feb, 2026 11:14am

Commodities

Palm rises with rival soyoil, market awaits key data on output and price projections

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.72%, to 4,184 ringgit a metric ton

Published 09 Feb, 2026 11:01am

Markets

Pakistan govt may approach IMF to reduce rate of taxes on businesses, Arif Habib says

Habib says cumulative taxes on businesses go up to 62-65%

Updated 09 Feb, 2026 11:27am

Stocks

China, HK shares bounce on surge in US, Japan stocks

China's blue-chip CSI300 Index climbed 1.4% by the lunch break

Published 09 Feb, 2026 10:52am

Forex

Yuan flirts with 2-1/2-year highs as China’s forex reserves expand

The onshore yuan was trading at 6.9335 per dollar

Published 09 Feb, 2026 10:49am

Forex

Australia, NZ dollars extend gains as stocks rally, yen weak

The Aussie hit a new 36-year peak of 110.7 yen

Published 09 Feb, 2026 10:47am

Stocks

Australian shares rebound on boost from banks, miners

The S&P/ASX 200 index rose 1.5% to 8.840.50

Published 09 Feb, 2026 10:44am

Stocks

Japan’s Nikkei surpasses 56,000 for first time after PM Takaichi’s victory

The Nikkei 225 Index rose 3.4% to 56,083.14

Published 09 Feb, 2026 10:42am

Bullion Rate

Gold extends gains on softer dollar; investors eye US jobs data

Spot gold rose 1.3% to $5,026.04 per ounce
- US gold futures for April delivery gained 1.4% to $5,046.10 per ounce

Published 09 Feb, 2026 10:39am

Stocks

PSX ends lower as KSE-100 sheds nearly 1,800 points

Benchmark index settles at 182,340.38 points

Updated 09 Feb, 2026 06:03pm

Stocks

Indian shares set for higher open on India-US trade optimism, global cues

The Gift Nifty futures were trading at 25,913 points

Published 09 Feb, 2026 08:02am

Forex

Indian rupee to nudge higher, traders parse US-India interim trade framework

The 1-month non-deliverable forward indicated the rupee will open in the 90.49-90.53 range versus the US dollar, having settled at 90.6550 on Friday

Published 09 Feb, 2026 07:57am

Forex

Yen strengthens as intervention risk trips up Takaichi trade

The yen overturned a 0.3% decline which saw the currency reach its weakest level in two weeks to strengthen as much as 0.7% before paring gains
Bitcoin was last down 0.3% at $70,454.92, while ether slumped 0.9% at $2,074.89

Updated 09 Feb, 2026 12:42pm

Stocks

Asia stocks rally as Nikkei jumps, chip sector rebounds

The prospect of more borrowing, however, pushed two-year yields up to their highest since 1996 at 1.3%

Published 09 Feb, 2026 07:50am

Energy

Oil stable as Iran concerns ease, Russian flow to India slows

Brent crude oil futures were up 6 cents, or 0.1%, at $68.11 a barrel

Updated 09 Feb, 2026 06:30pm

Pakistan

No connection severed due to use of illegal gas load: SNGPL

FAISALABAD: Industries are encouraged to consume maximum gas as per government policy while no connection has been...

Updated 09 Feb, 2026 05:39am

Business & Finance

Proposed plan aimed at abolishing KDLB opposed

KARACHI: Trade unions and labour rights activists have strongly opposed a proposed plan to abolish the Karachi Dock...

Published 09 Feb, 2026 05:11am

Industry

Governor praises global image of Pakistani textile products

KARACHI: Governor Sindh Kamran Khan Tessori has stated that Pakistani textile products are highly regarded across...

Published 09 Feb, 2026 05:11am

Industry

Commissioner lauds registration of industrial units

FAISALABAD: The Labor department has registered 844 industrial units in Faisalabad in the last one and a half years,...

Published 09 Feb, 2026 05:11am

Business & Finance

Data leakage: Field formations directed to use official email addresses only

ISLAMABAD: To ensure data security, the Federal Board of Revenue (FBR) has directed its field formations to only use...

Published 09 Feb, 2026 05:11am

Taxes

FTO disposes of taxpayer’s complaint

ISLAMABAD: The Federal Tax Ombudsman (FTO) has disposed of a complaint filed by the taxpayer regarding...

Published 09 Feb, 2026 05:11am

Industry

Pakistan heading towards severe unemployment crisis: BMP

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) on Sunday warned that...

Published 09 Feb, 2026 05:11am

Energy

KP to lay new transmission line in Swat for cheap hydropower

PESHAWAR: The Khyber Pakhtunkhwa government has decided to lay a new transmission line in Swat district to transmit...

Updated 09 Feb, 2026 05:39am

USA

Washington Post CEO out after sweeping job cuts

WASHINGTON: The Washington Post said Saturday its CEO and publisher Will Lewis was leaving effective immediately,...

Published 09 Feb, 2026 05:11am

Cotton & Textile

Weekly Cotton Review: PM urged to help protect value-added garment sector

KARACHI: The International Cotton Advisory Committee (ICAC) has revealed in its latest report that global cotton...

Updated 09 Feb, 2026 05:36am

Commodities

Prices of essential kitchen items surge ahead of Ramazan

PESHAWAR: Prices of important kitchen items here sharply increased in the retail market ahead of the holy month of...

Published 09 Feb, 2026 05:11am

Africa

Namibia won’t recognise TotalEnergies, Petrobras deal

WINDHOEK: Namibia will not recognise the purchase of offshore stakes in the Luderitz Basin announced last week by...

Published 09 Feb, 2026 05:11am

Technology

Investors chase cheaper, smaller companies as risk aversion hits tech sector

WASHINGTON: Investors are turning to cheaper, smaller companies while reassessing how much risk they are willing to...

Published 09 Feb, 2026 05:11am

World

KSA orders 20 high-speed trains from Spain’s Talgo

MADRID: Saudi Arabia has ordered 20 new high-speed trains from Spain’s Talgo SA, the company and Spain’s transport...

Published 09 Feb, 2026 05:11am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 28	278.05
USD PKR Interbank Buying / Jul 28	277.85
USD to Japanese Yen / Jul 29	163.55
USD to Swiss Franc / Jul 29	0.82
Pound Sterling to USD / Jul 29	1.33
Euro to USD / Jul 29	1.14
SOFR % / Jul 28	3.64

Stock	Volume
S&P 500 / Jul 28	7,428.78
Nasdaq / Jul 28	24,876.91
FTSE 100 / Jul 28	10,871.02
Dow Jones / Jul 28	52,747.32
Germany DAX 30 / Jul 28	25,464.01
France CAC40 / Jul 28	8,458.78
India Sensex / Jul 29	77,603.30
Tokyo Nikkei / Jul 29	61,689.86
Hang Seng / Jul 29	25,684.44

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 28	18,480
Gold 10 Grams PKR / Jul 28	366,457
Petrol/Litre / Jul 29	335.81
Crude Oil USD/Barrel / Jul 29	82.20
Gold Spot USD/Ounce / Jul 29	4,042.26
Diesel/Litre / Jul 29	388.38
Cotton US¢/pound / Jul 29	80.52

Gainers
Losers
Leaders

Stock	Price
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%)
Ellcot Spinning / Jul 29 Ellcot Spinning Mills Limited(ELSM)	161.39 ▲ 14.67 (10%)
Olympia Mills / Jul 29 Olympia Mills Limited(OML)	154.37 ▲ 14.03 (10%)
Nets Internat.Comm. / Jul 29 Nets International Communication Limited(GEMNETS)	25.85 ▲ 2.35 (10%)
Sanghar Sugar / Jul 29 Sanghar Sugar Mills Limited(SANSM)	132.81 ▲ 12.07 (10%)

Stock	Price
Khairpur Sug. / Jul 29 Khairpur Sugar Mills Limited(KPUS)	1,203.44 ▼ -133.71 (-10%)
National Silk / Jul 29 The National Silk & Rayon Mills Limited(NSRM)	276.49 ▼ -27.61 (-9.08%)
Pak Engineering / Jul 29 Pakistan Engineering Company Limited(PECO)	704 ▼ -46 (-6.13%)
JS Investments / Jul 29 JS Investments Limited(JSIL)	43.05 ▼ -2.78 (-6.07%)
Jubilee Spinning / Jul 29 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	50.11 ▼ -3.17 (-5.95%)
AN Textile Mills / Jul 29 AN Textile Mills Limited(ANTM)	52.72 ▼ -3.28 (-5.86%)
Mughal Iron & Steel(C) / Jul 29 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	61.20 ▼ -3.8 (-5.85%)
PIA Holding Co.B / Jul 29 PIA Holding Company Limited B(PIAHCLB)	17,120 ▼ -1050 (-5.78%)
First Tri-Star Mod. / Jul 29 First Tri-Star Modaraba(FTSM)	36.02 ▼ -1.94 (-5.11%)
Gulshan Sp. / Jul 29 Gulshan Spinning Mills Limited(GSPM)	6.75 ▼ -0.34 (-4.8%)

Stock	Volume
Cnergyico PK / Jul 29 Cnergyico PK Limited(CNERGY)	41,987,258 ▼ -0.01
WorldCall Telecom / Jul 29 Worldcall Telecom Limited(WTL)	34,189,052 ▼ -0.01
Trust Sec.& Brok. / Jul 29 Trust Securities & Brokerage Limited(TSBL)	28,722,617 ▲ 0.04
Siddiqsons Tin / Jul 29 Siddiqsons Tin Plate Limited(STPL)	21,318,689 ▲ 0.41
Samba Bank / Jul 29 Samba Bank Limited(SBL)	15,230,925 ▲ 0.83
TPL Properties / Jul 29 TPL Properties Limited(TPLP)	14,784,427 ▲ 0.09
Pak Refinery / Jul 29 Pakistan Refinery Limited(PRL)	12,896,755 ▼ -1.15
Maple Leaf Cement / Jul 29 Maple Leaf Cement Factory Limited(MLCF)	10,861,024 ▼ -1.76
At-Tahur Ltd. / Jul 29 At-Tahur Limited(PREMA)	8,202,511 ▲ 1.91
Trust Mod. / Jul 29 Trust Modaraba(TRSM)	7,801,373 ▲ 1.82

Most Popular