News Archives for Business & Finance - 2026-03-05

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Business & Finance - 2026-03-05

Business & Finance

More tankers come under attack as Iran-US conflict spreads in Middle East

Nine vessels have come under attack since conflict broke out between US, Israel and Iran on Saturday

Published 05 Mar, 2026 10:40pm

Stocks

Wall St edges lower as investors weigh Middle East war risks

Dow Jones Industrial Average fell 390.80 points

Published 05 Mar, 2026 08:53pm

Stocks

Most Gulf bourses end higher; UAE shares extend losses

Dubai’s main share index closed 1.3% lower after falling as much as 4.2% earlier in the session

Published 05 Mar, 2026 08:49pm

Companies

Miu Miu helps Prada resist luxury market downturn

Miu Miu revenues grew by 35 percent in 2025 while the flagship brand, Prada, saw sales fall by one percent over the year

Published 05 Mar, 2026 07:41pm

Companies

India’s GAIL weighs supply cuts to gas customers after Petronet LNG force majeure

LNG supplies to GAIL from other sources and suppliers are currently unaffected

Published 05 Mar, 2026 07:23pm

Forex

India 10-year yield sinks to 6-week low on likely RBI backstop

Benchmark 6.48% 2035 bond yield ended at 6.6406%

Published 05 Mar, 2026 07:11pm

Business & Finance

Govt warns against hoarding, smuggling as fuel supply monitoring continues

Warning comes during a meeting of the committee constituted by the prime minister to monitor petrol prices amid regional tensions

Published 05 Mar, 2026 06:39pm

Commodities

Asia rice: India rates ease as supply mounts and rupee falls, Vietnam prices steady

India’s 5% broken parboiled variety was quoted at $348-$353 per metric ton

Published 05 Mar, 2026 06:31pm

Stocks

Sri Lankan shares close higher, boosted by IT, real estate stocks

CSE All-Share index settled up 1.09% at 22,824.55 points

Published 05 Mar, 2026 06:13pm

Commodities

Aluminium eases as dollar firms; focus on Mideast smelters

Benchmark three-month aluminium on the London Metal Exchange was down 0.8% at $3,315 a metric ton

Published 05 Mar, 2026 06:10pm

Companies

MRPL shuts refining units due to oil shortage, sources say

The Strait of Hormuz is a conduit for about a fifth of crude consumed globally

Published 05 Mar, 2026 05:39pm

Forex

Indian rupee ends higher, Middle East conflict to keep RBI support in play

Indian rupee touched a peak of 91.4125 in before ending the day at 91.60 per dollar

Published 05 Mar, 2026 05:28pm

Financial

Two Indian state banks plan infra bond sales after robust demand for Bank of Baroda issue

Bank of India and Punjab National Bank are among lenders that could issue infrastructure bonds over the next three weeks

Published 05 Mar, 2026 05:25pm

Business & Finance

SBP-held forex reserves rise $87mn to $16.3bn

Total liquid reserves reach $21.43bn

Published 05 Mar, 2026 05:24pm

Energy

Govt appoints Hamed Yaqoob secretary petroleum division

In a key development, the federal government on Thursday appointed Hamed Yaqoob Sheikh, a BS-22 officer of the...

Published 05 Mar, 2026 03:49pm

Technology

Supernet Technologies appoints Jamal Nasir Khan as CEO following merger

Supernet Technologies Limited (STL) has announced the appointment of Jamal Nasir Khan as its new Chief Executive...

Published 05 Mar, 2026 03:40pm

Money & Banking

SBP seen holding rates steady as the oil rally clouds inflation outlook

All 10 analysts in a Reuters poll expect the SBP to hold the rate at 10.5%

Updated 05 Mar, 2026 10:43pm

Exchange

Rupee records marginal gain against US dollar

Local currency settles at 279.41

Updated 05 Mar, 2026 08:17pm

Business & Finance

Pakistan takes proactive steps to shield economy amid regional risks, Aurangzeb tells UK

Pakistan is taking proactive steps to manage potential economic implications arising from evolving regional...

Updated 05 Mar, 2026 09:03pm

Business & Finance

Riaz Exchange Company’s foreign exchange licence cancelled

The State Bank of Pakistan (SBP) has cancelled authorization granted to Riaz Exchange Company (Pvt.) Ltd.’s right to...

Published 05 Mar, 2026 02:12pm

Commodities

Gold price per tola drops by Rs2,800 in Pakistan

International rate of gold declines by $28 to reach $5,144 per ounce

Updated 05 Mar, 2026 10:43pm

Companies

Middle East crisis may disrupt Pakistan’s auto parts supply, says Indus Motor

Some disruptions may remain unavoidable, says Indus Motor

Published 05 Mar, 2026 12:48pm

Stocks

SECP proposes referral incentive programs to boost investor participation

In a bid to encourage greater investor participation in the capital market, the Securities and Exchange Commission...

Published 05 Mar, 2026 11:49am

Companies

Nadeem Lodhi proposed as CEO of Burj Investment Management

He will replace Nabeel Anjum Malik

Published 05 Mar, 2026 11:38am

Forex

Australia, NZ dollars rally on market mood swing, sentiment fickle

The Aussie was up at $0.7078, having bounced 0.6% overnight and away from a low of $0.6985

Published 05 Mar, 2026 11:34am

Stocks

Australian shares rebound as traders focus on Iran diplomacy hopes

The S&P/ASX 200 index rose 0.5% to 8,947.8

Published 05 Mar, 2026 11:33am

Stocks

Japan’s Nikkei rebounds 3.9% as investors seek relief from Mideast conflict

The Nikkei 225 Index rose 3.9% to 56,356.54

Published 05 Mar, 2026 11:32am

Stocks

China, Hong Kong stocks gain as Beijing signals economic rebalancing

The benchmark Hang Seng Index climbed as much as 1.9%, rebounding from a six-month low

Published 05 Mar, 2026 11:00am

Commodities

Soybeans firm on higher oil prices; wheat, corn gain

The most-active soybean contract on the Chicago Board of Trade (CBOT) rose 0.3% to $11.72-1/2 a bushel

Published 05 Mar, 2026 10:57am

Markets

Nvidia refocuses TSMC capacity as export controls stall China sales, FT reports

Nvidia has stopped production of chips intended for the Chinese market

Published 05 Mar, 2026 10:50am

Markets

India Feb retail auto sales surge 25% on lingering tax-cut boost, seasonal demand

Two-wheeler sales jumped 25% from a year ago in February, while passenger vehicle sales climbed 26.1%, the Federation of Automobile Dealers Associations said

Published 05 Mar, 2026 10:49am

Energy

China plans to boost oil reserves in five-year plan

Heavy reliance on energy imports is a security vulnerability for China

Published 05 Mar, 2026 10:47am

Real Estate

UAE’s property sector faces reckoning after Iran strikes

Developers that had been selling out off-plan launches within hours now confront a sharply changed demand backdrop

Published 05 Mar, 2026 10:45am

Taxes

Govt may introduce separate HS code for used footwear in upcoming budget

Industry representatives noted that Pakistan possesses substantial manufacturing capacity and skilled labour

Published 05 Mar, 2026 10:34am

Stocks

Buying returns to bourse, KSE-100 gains nearly 3.5%

Benchmark index settles at 161,210.67

Updated 05 Mar, 2026 09:03pm

Business & Finance

PSX appoints Song Zhenwen as shareholder director

Zhenwen to fill the casual vacancy on the board following the cessation of Fu Chaoqing

Published 05 Mar, 2026 09:32am

Forex

Yuan bounces off one-month low on firmer guidance, Beijing reveals 2026 targets

The ‌spot ⁠yuan is allowed to trade 2% either side of the fixed midpoint each day

Published 05 Mar, 2026 08:47am

Bullion Rate

Gold gains on safe-haven demand as Middle East conflict widens

Spot gold climbed 0.8% to $5,177.26 per ounce

Updated 05 Mar, 2026 11:25am

Stocks

Indian shares set to open higher, tracking recovery in Asia

The ‌Gift Nifty futures were trading at 24,682 points

Published 05 Mar, 2026 08:24am

Forex

Indian rupee may see relief on tentative signs of risk recovery; oil remains a worry

The currency hit an all-time low of 92.3025 during the session, ⁠pressured by the rally in oil

Published 05 Mar, 2026 08:22am

Forex

Dollar rally pauses as market sentiment turns a little more upbeat

The ⁠euro was steady at $1.1628, having slid to a more than three-month low on Tuesday

Updated 05 Mar, 2026 11:26am

Stocks

Asian shares surge, led by KOSPI; Treasuries fall as war concerns ebb

South Korea's KOSPI led regional benchmarks with a 10.4% surge

Published 05 Mar, 2026 08:11am

Energy

Oil rises over 2% on supply concerns as Iran conflict widens

Brent crude was up $2.25, or 2.8%, at $83.65 per barrel

Updated 05 Mar, 2026 07:30pm

Pakistan

FCCI urges Tevta to formulate market-driven syllabus using AI

FAISALABAD: Technical Education & Vocational Training Authority (Tevta) should formulate market-driven syllabus...

Published 05 Mar, 2026 07:48am

Energy

Safeguards at C-5: Agreement okayed by IAEA BoG

ISLAMABAD: In a significant milestone for Pakistan’s energy sector, the International Atomic Energy Agency (IAEA)...

Published 05 Mar, 2026 07:39am

Industry

Karachi’s industrial areas badly hit by load-shedding: study

KARACHI: Nearly a third of workers in Karachi’s industrial neighbourhoods are enduring between 18 and 20 hours of...