News Archives for Business & Finance - 2026-02-13

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Business & Finance - 2026-02-13

Companies

K-Electric appoints Adeeb Ahmad as interim CEO

Development comes week after Moonis Alvi resigned from his position as power utility’s CEO

Published 13 Feb, 2026 10:46pm

Stocks

Wall St heads for weekly losses as tech selloff offsets inflation relief

Dow Jones Industrial Average fell 67.89 points, or 0.14%, to 49,384.09

Published 13 Feb, 2026 08:53pm

Middle East

Abu Dhabi’s IHC to launch new holding with $237 billion in assets under management

The firm is expected to have a valuation of around 100 billion dirhams and oversee more than 20 operating financial services companies

Published 13 Feb, 2026 08:46pm

Stocks

Emaar lifts Dubai on strong earnings; Abu Dhabi snaps 9-day winning streak

Dubai’s main index rose 0.2%, supported by a 1.2% jump in blue-chip developer Emaar Properties

Published 13 Feb, 2026 07:28pm

Markets

India central bank allows banks higher acquisition financing limit

Banks will be permitted to lend up to 75% of the acquisition value, RBI said

Published 13 Feb, 2026 07:02pm

Stocks

Sri Lankan shares rise as utility, industrials stocks firm

CSE All-Share index settled 0.24% higher at 23,709.84 points

Published 13 Feb, 2026 06:58pm

Forex

Indian rupee closes nearly flat, modest depreciation bias lingers

Indian rupee closed at 90.6350 per dollar

Published 13 Feb, 2026 06:29pm

Stocks

AI anxiety deepens IT rout, drags Indian benchmarks to weekly losses

Benchmark Nifty 50 down 0.9% and the BSE Sensex down 1.1% for the week

Published 13 Feb, 2026 06:23pm

Asia

Indonesia’s economic growth to exceed target in 2026, president says

Prabowo said the free meals scheme has created jobs and increased the income of farmers

Published 13 Feb, 2026 06:15pm

Financial

India’s Mirae Asset finds 5-year bonds attractive as policy-rate spreads hit 3-year highs

India issued a new five-year bond earlier in the day at a cutoff yield of 6.36%

Published 13 Feb, 2026 06:12pm

Financial

India’s Torrent Power mulls 20 billion Indian rupee bond issue this month, bankers say

Torrent Power is returning to the bond market after a two-year gap

Published 13 Feb, 2026 06:08pm

South Asia

Safran ready to open India engine production in Rafale deal

Safran will buy parts from local suppliers to support India’s aerospace industry

Published 13 Feb, 2026 06:01pm

Commodities

Aluminium drops on report Trump may ease tariffs

LME copper fell 0.5% to $12,810.50 a ton

Published 13 Feb, 2026 05:42pm

Companies

India’s Ola Electric posts narrower loss as costs shrink

Ola has stepped up efforts to manage costs, ranging from kicking off in-house production of EV cells

Published 13 Feb, 2026 05:35pm

Stocks

L’Oreal sees China improving after weak quarter hits shares

The shares were down about 3.5% in mid-morning trade, after dropping as much as 7% earlier

Published 13 Feb, 2026 05:23pm

Energy

OPEC+ leans towards resumption in oil output increases from April, sources say

Eight OPEC+ producers - Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, Algeria and Oman – meet on March 1

Published 13 Feb, 2026 05:16pm

Commodities

Palm posts second weekly loss on selling pressure

Benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 13 ringgit, or 0.32%, to 4,050 ringgit a metric ton

Published 13 Feb, 2026 05:13pm

Companies

India fines Air India $110,350 in Airbus incident, says lapse eroded public confidence

'The accountable manager on behalf of Air India is found blameworthy for the above lapses'

Published 13 Feb, 2026 05:08pm

Commodities

India allows export of 2.5 million metric tons of wheat

Indian wheat is offered at around $280 per ton free-on-board basis

Published 13 Feb, 2026 05:05pm

Currency

Pakistan bonds see biggest foreign inflows since June 2024: Bloomberg

Pakistan drew the biggest monthly net foreign inflows into its sovereign bonds in 19 months, i.e. since June 2024,...

Published 13 Feb, 2026 04:23pm

Exchange

Rupee sees marginal gain against US dollar

Local currency settles at 279.62

Updated 13 Feb, 2026 07:57pm

Industry

China’s Shandong Xinxu explores investment in Pakistan’s maritime industrial corridor

Chinese firm has agreed to submit feasibility study for Integrated Maritime Industrial Complex

Published 13 Feb, 2026 02:28pm

Business & Finance

SSGC appoints Amin Rajput as interim MD, CEO

He will retire from the permanent service of the SSGC on February 13

Published 13 Feb, 2026 02:12pm

Technology

Technology ‘no longer optional’ for Pakistan, says Jam Kamal

Says Pakistan must strengthen its engineering base, technical institutions and industry-academia collaboration to remain competitive

Published 13 Feb, 2026 12:31pm

Stocks

PIA set for IPO within a year of takeover: report

PIA privatisation marked Pakistan’s most significant sale of a state-owned enterprise in years

Updated 13 Feb, 2026 06:16pm

Stocks

Commodity, healthcare stocks drag Australian shares lower; Cochlear loses tune

The S&P/ASX 200 index fell 0.8% to 8,975.80 points

Published 13 Feb, 2026 11:25am

Markets

Malaysia’s economy grows 6.3% yr/yr in Q4, exceeding expectations

Growth was revised upwards to 5.4% from 5.2% in the third quarter

Published 13 Feb, 2026 11:14am

Markets

Malaysia’s current account surplus narrows to 2bn rgt in Q4

Malaysia’s current account surplus narrowed to 2 billion ringgit ($513 million) in the fourth quarter of 2025, from 12.2 billion ringgit

Published 13 Feb, 2026 11:12am

Commodities

Shanghai copper tumbles amid broad selloff ahead of China holiday

The most-active copper contract on the Shanghai Futures Exchange tumbled 1.97% to 100,660 yuan ($14,576.79) a metric ton

Published 13 Feb, 2026 11:10am

Forex

Australia, NZ dollars extend winning run as yields attract

The kiwi dollar held at $0.6036, for a gain of 0.2% on the week

Published 13 Feb, 2026 11:09am

Commodities

Chicago soybeans extend rally on China buying hopes

The Chicago Board of Trade (CBOT) Sv1 increased 0.2% to $11.39-1/2 a bushel

Published 13 Feb, 2026 11:08am

Energy

Qatar raises April al-Shaheen oil term price to five-month high, sources say

QatarEnergy sold six al-Shaheen cargoes, including three to Indian refiner Reliance

Published 13 Feb, 2026 11:04am

Commodities

Iron ore dips as traders unwind positions ahead of China holiday

The benchmark March iron ore on the Singapore Exchange was trading 1.24% lower at $98.35 a ton

Published 13 Feb, 2026 10:58am

Mutual Funds

Indian bonds give up early gains as profit taking blunts debt switch boost

The 10-year benchmark 6.48% 2035 bond yield stood at 6.6684%

Published 13 Feb, 2026 10:57am

Stocks

China stocks slip ahead of holiday, Hong Kong shares down after Wall Street slide

Hang Seng dropped nearly 2% to a one-week low

Published 13 Feb, 2026 10:56am

Forex

China’s yuan set for longest weekly winning streak in 13 years

The yuan has gained roughly 0.4% in its best weekly performance this year

Published 13 Feb, 2026 10:53am

Commodities

Palm dips on weaker Dalian, set for second weekly fall

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 29 ringgit, or 0.72%, to 4,008 ringgit a metric ton

Published 13 Feb, 2026 10:51am

Stocks

Japan’s Nikkei tracks Wall Street decline, SoftBank Group falls

The Nikkei fell 0.72% to 57,226.59 by the midday break

Published 13 Feb, 2026 10:50am

Stocks

Selling persists at bourse, KSE-100 settles below 180,000

Benchmark index sheds over 900 points or 0.5%

Updated 13 Feb, 2026 06:20pm

Money & Banking

UAE agrees to rollover $2bn loan for two months: report

The United Arab Emirates (UAE) has agreed to roll over $2 billion deposits for two months, reported The News....

Published 13 Feb, 2026 10:05am

Money & Banking

Habib Metropolitan Bank approves capital increase for subsidiaries

Increase HabibMetro Exchange Services Limited and Habib Metropolitan Financial Services Limited's capital to ensure smooth operations

Published 13 Feb, 2026 09:53am

Forex

Indian rupee under strain from risk off, weak Asia FX; RBI support proves fleeting

The 1-month non-deliverable forward indicated the rupee will open in the 90.68-90.70 range versus the US dollar

Published 13 Feb, 2026 08:10am

Stocks

Indian shares seen lower amid global IT selloff ahead of U.S. inflation

The Gift Nifty futures were trading at 25,719.5 points

Published 13 Feb, 2026 07:53am

Stocks

Asian shares step back from record as tech jitters return, bonds rally

Japan's Nikkei skidded 0.9%, but was still up 5.3% for the week

Published 13 Feb, 2026 07:50am

Bullion Rate

Gold bounces back from near one-week low; US inflation data in focus

Spot gold was up 1.3% at $4,982.59 per ounce
US gold futures for April delivery climbed 1.1% to $5,001.80 per ounce
Spot silver climbed 2.5% to $77.02 per ounce

Updated 13 Feb, 2026 12:43pm

Forex

Yen on track for best week in nearly 15 months

It was last steady at 152.86 per dollar, but was set to gain nearly 3% for the week

Published 13 Feb, 2026 07:39am

Energy

Oil prices stable as investors weigh OPEC+ supply, US inflation data

Brent crude futures gain 9 cents, or 0.13%, to $67.61 a barrel by 1424 GMT

Updated 13 Feb, 2026 10:26pm

Companies

Al-Ghazi Tractors signs MoU with Green Agrimall

LAHORE: Al-Ghazi Tractors Limited, one of Pakistan’s leading tractor manufacturers, has signed a strategic...

Published 13 Feb, 2026 07:01am

Companies

Jazz to launch Samsung Galaxy S26 series in Pakistan

ISLAMABAD: Jazz has partnered with global technology leader Samsung to introduce the Samsung Galaxy S26 series in...

Published 13 Feb, 2026 06:58am

Companies

5G device adoption: Zong partners with Samsung for Galaxy S26 launch in Pakistan

ISLAMABAD: Zong has entered into a strategic partnership with Samsung to unveil the highly anticipated Galaxy S26...

Published 13 Feb, 2026 06:57am

Business & Finance

‘100 CEO’s & Diplomats of Pakistan’ launched: Ahsan highlights need to transform relies on 4 P’s

KARACHI: Highly anticipated book, “100 CEO’s & Diplomats of Pakistan” was launched here on Thursday, with...

Published 13 Feb, 2026 06:53am

Companies

Mashreq launches Digital Cross-Border Accounts for Pakistanis in UAE

KARACHI: Mashreq has announced the launch of a groundbreaking cross-border service for its UAE-based Pakistani...

Published 13 Feb, 2026 06:48am

Business & Finance

From Gwadar to Eurasia: Pakistan calls for deeper connectivity under CPEC

HYDERABAD: Strong policy recommendations aimed at strengthening the China-Pakistan Economic Corridor (CPEC) and...

Updated 13 Feb, 2026 07:17am

Business & Finance

CBD Punjab opens 2026 with high-impact auction

LAHORE: The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District...

Published 13 Feb, 2026 06:39am

Business & Finance

Illicit cigarette trade: Aurangzeb, BAT-PTC team discuss enforcement actions

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting Thursday at the...

Published 13 Feb, 2026 06:29am

Industry

DGTO suspends RWCCI; TDAP director made administrator

ISLAMABAD: The Directorate General of Trade Organisations (DGTO) has suspended the Rawalpindi Women Chamber of...

Published 13 Feb, 2026 06:24am

Business & Finance

Digital push: Ministry proposes two major initiatives

ISLAMABAD: The Ministry of Information Technology and Telecommunication has proposed two major technology ...

Published 13 Feb, 2026 05:59am

Business & Finance

Capital market: T+1 settlement cycle speeds up transactions

KARACHI: Pakistan’s capital market has implemented a faster T+1 settlement cycle, significantly shortening the time...

Updated 13 Feb, 2026 07:19am

Pakistan

Iran, Pakistan intensifying efforts to boost economic ties: CG

KARACHI: Iran and Pakistan are intensifying efforts to strengthen their economic relationship by boosting bilateral...

Updated 13 Feb, 2026 07:20am

Taxes

Alleviating taxpayers’ difficulties top priority: FTO

ISLAMABAD: Federal Tax Ombudsman (FTO) Zafar-ul-Haq Hijazi has reiterated that alleviating taxpayers’ difficulties...

Updated 13 Feb, 2026 07:18am

Industry

Pakistan HVACR Int’l expo opens

KARACHI: The 31st Pakistan HVACR International Expo & Conference opened Thursday at the Karachi Expo Centre....

Updated 13 Feb, 2026 07:18am

Business & Finance

PSX celebrates privatisation of PIA

KARACHI: The Pakistan Stock Exchange (PSX) today hosted a ceremonial gong event to mark the successful privatisation...

Updated 13 Feb, 2026 07:18am

Pakistan

Karachi Airport: PHMA says concerned at persistent mismanagement, prolonged delays

KARACHI: The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) on Thursday expressed serious concerns...

Updated 13 Feb, 2026 07:17am

Money & Banking

FCIBL records historic financial performance

KARACHI: First Credit and Investment Bank Limited (FCIBL), a leading investment bank of Pakistan announced a...

Published 13 Feb, 2026 05:47am

Industry

FPCCI hails reduction in export refinance facility rate by 3pc

KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has...

Updated 13 Feb, 2026 07:17am

Energy

Global oil demand to rise more slowly: IEA

LONDON: World oil demand will rise more slowly than expected this year, the International Energy Agency said on...

Published 13 Feb, 2026 05:47am

Business & Finance

Agri, livestock sectors: PM for expanding collaboration with Turkiye

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday emphasised the potential for expanding collaboration between...

Published 13 Feb, 2026 05:47am

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 28	163.74
USD to Swiss Franc / Jul 28	0.82
Pound Sterling to USD / Jul 28	1.33
Euro to USD / Jul 28	1.14
SOFR % / Jul 28	3.64

Stock	Volume
S&P 500 / Jul 28	7,428.78
India Sensex / Jul 28	76,765.92
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
Tokyo Nikkei / Jul 29	61,689.86
Hang Seng / Jul 29	25,684.44

Item	Value
Crude Oil USD/Barrel / Jul 28	82.42
Karachi Cotton PKR/37.32 KG / Jul 28	18,480
Gold 10 Grams PKR / Jul 28	366,457
Gold Spot USD/Ounce / Jul 28	4,021.71
Cotton US¢/pound / Jul 28	80.53
Petrol/Litre / Jul 29	334.18
Diesel/Litre / Jul 29	386.83

Gainers
Losers
Leaders

Stock	Price
Siddiqsons Tin / Jul 28 Siddiqsons Tin Plate Limited(STPL)	9.18 ▲ 1 (12.22%)
Gulistan Sp. / Jul 28 Gulistan Spinning Mills Limited(GUSM)	9.65 ▲ 1 (11.56%)
Gulshan Sp. / Jul 28 Gulshan Spinning Mills Limited(GSPM)	7.09 ▲ 0.7 (10.95%)
Khalid Siraj / Jul 28 Khalid Siraj Textile Mills Limited(KSTM)	14.80 ▲ 1.35 (10.04%)
Intermarket Securities / Jul 28 Intermarket Securities Limited(IMS)	26.79 ▲ 2.44 (10.02%)
Adamjee Ins. / Jul 28 Adamjee Insurance Company Limited(AICL)	90.56 ▲ 8.23 (10%)
Baba Farid Sugar / Jul 28 Baba Farid Sugar Mills Limited(BAFS)	546.95 ▲ 49.72 (10%)
First Tri-Star Mod. / Jul 28 First Tri-Star Modaraba(FTSM)	37.96 ▲ 3.45 (10%)
Khairpur Sug. / Jul 28 Khairpur Sugar Mills Limited(KPUS)	1,337.15 ▲ 121.56 (10%)
National Silk / Jul 28 The National Silk & Rayon Mills Limited(NSRM)	304.10 ▲ 27.65 (10%)

Stock	Price
Trust Sec.& Brok. / Jul 28 Trust Securities & Brokerage Limited(TSBL)	2.30 ▼ -0.3 (-11.54%)
Asia Ins. / Jul 28 Asia Insurance Company Limited(ASIC)	44.51 ▼ -4.95 (-10.01%)
Olympia Mills / Jul 28 Olympia Mills Limited(OML)	140.34 ▼ -15.59 (-10%)
TPL Insurance / Jul 28 TPL Insurance Limited(TPLI)	72.29 ▼ -8.03 (-10%)
Pakistan Credit Rating Agency / Jul 28 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	32.52 ▼ -3.5 (-9.72%)
Nets Internat.Comm. / Jul 28 Nets International Communication Limited(GEMNETS)	23.50 ▼ -2.5 (-9.62%)
Ruby Textile / Jul 28 Ruby Textile Mills Limited(RUBY)	16.59 ▼ -1.71 (-9.34%)
First IBL Mod. / Jul 28 First IBL Modaraba(FIBLM)	15.24 ▼ -1.43 (-8.58%)
Shahzad Tex. / Jul 28 Shahzad Textile Mills Limited(SZTM)	88.84 ▼ -8.05 (-8.31%)
S.G.Power / Jul 28 S.G. Power Limited(SGPL)	70.57 ▼ -6.08 (-7.93%)

Stock	Volume
Cnergyico PK / Jul 28 Cnergyico PK Limited(CNERGY)	273,053,795 ▲ 0.19
WorldCall Telecom / Jul 28 Worldcall Telecom Limited(WTL)	72,249,659 ▼ -0.04
Trust Sec.& Brok. / Jul 28 Trust Securities & Brokerage Limited(TSBL)	63,665,301 ▼ -0.3
Pak Refinery / Jul 28 Pakistan Refinery Limited(PRL)	38,899,025 ▲ 3.64
Maple Leaf Cement / Jul 28 Maple Leaf Cement Factory Limited(MLCF)	24,346,490 ▲ 0.35
Ghani Chem. Ind. / Jul 28 Ghani Chemical Industries Limited(GCIL)	22,754,780 ▲ 1.24
TPL Corp Ltd / Jul 28 TPL Corp Limited(TPL)	21,763,143 ▲ 0.21
Siddiqsons Tin / Jul 28 Siddiqsons Tin Plate Limited(STPL)	18,863,138 ▲ 1
K-Electric Ltd. / Jul 28 K-Electric Limited(KEL)	15,390,222 ▼ -0.08
Intermarket Securities / Jul 28 Intermarket Securities Limited(IMS)	14,668,681 ▲ 2.44

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