News Archives for Business & Finance - 2026-03-13

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Business & Finance - 2026-03-13

Markets

Petroleum dealers give govt ultimatum to revise their margin to 8% by March 26

Govt last week increased petrol, diesel prices by Rs55 per litre each

Published 13 Mar, 2026 11:18pm

Energy

Brent crosses $100/bbl as Indian tanker path corrected

Brent futures for May were up $1.37, or 1.36%, to $101.83 a barrel

Published 13 Mar, 2026 09:54pm

Stocks

UAE stocks extend loss as Mid-east conflict lingers

Dubai’s main share index slipped 1.7%

Published 13 Mar, 2026 09:41pm

Energy

India’s equity benchmarks confirm correction on Iran war, crude prices; technicals weaken

closed the week 12.2% and 13.5% below their record high levels

Published 13 Mar, 2026 08:01pm

Markets

India’s forex reserves fall most in over a year on central bank’s rupee defence

The RBI sterilized the liquidity impact of the dollar sales through on-screen bond purchases

Published 13 Mar, 2026 07:47pm

Middle East

Dubai crypto event cancelled amid Iran conflict

The annual TOKEN2049 ‌conference will be “postponed” until April 2027

Published 13 Mar, 2026 07:41pm

Energy

Africa-bound India-flagged fuel tanker sets sail from east of Hormuz, Indian official says

Three vessels remain stuck at the east side, they have 76 Indian sailors onboard

Published 13 Mar, 2026 07:35pm

Markets

Fuel shock revives case for PHEVs, REEVs in Pakistan

Latest global oil crisis highlights stark contrast between traditional gasoline vehicles, newer electrified powertrains

Published 13 Mar, 2026 07:30pm

Energy

India tells LPG users to switch to piped gas wherever possible

India’s crude oil, LPG, and liquefied natural gas supplies have been disrupted due to global shipping constraints

Published 13 Mar, 2026 07:29pm

Markets

PM Shehbaz decides against fuel price hike amid global market pressure, says PMO

Development comes amid speculations that govt could increase petroleum prices further tonight

Updated 13 Mar, 2026 11:25pm

Financial

India bonds pressured by oil surge; RBI likely shielding 10-yr bond as Iran war set to enter third week

Benchmark 6.48% 2035 bond yield ended at 6.6798

Published 13 Mar, 2026 05:38pm

Companies

IndiGo, Air India seek government support during Iran crisis, sources say

The airlines are lobbying the Indian government to provide financial relief

Published 13 Mar, 2026 05:30pm

Stocks

Sri Lankan shares close lower in worst week this year

CSE All-Share index closed 1.34% lower at 21,692.55 points

Published 13 Mar, 2026 05:16pm

Commodities

Aluminium falls as dollar firms; Mideast war underpins weekly gain

Benchmark three-month aluminium on the London Metal Exchange was down 1.7% at $3,458 per metric ton

Published 13 Mar, 2026 04:46pm

South Asia

India to hold off on US trade deal amid new probe, sources say

That timeline could now slip by several months, although US officials say they expect India to honour its commitments

Published 13 Mar, 2026 04:31pm

Companies

Partial flight resumptions restore some gold flows from key hub Dubai

Gold travels by plane due to security and insurance issues owing to its high value-to-weight ratio

Published 13 Mar, 2026 04:17pm

Commodities

Palm oil posts over 4% weekly gain on higher crude oil prices

Benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 23 ringgit

Published 13 Mar, 2026 04:12pm

Companies

Jindal Stainless flags operations disruption due to fuel shortage

several processes across our plants have been adversely impacted

Published 13 Mar, 2026 04:07pm

Forex

Indian rupee hits record low as oil risks, offshore dollar bids mount

Indian rupee weakened to 92.4750 per dollar

Published 13 Mar, 2026 03:53pm

Stocks

Indian equity benchmarks log worst week in years as Mideast war batters sentiment

Nifty 50 shed 2.06% to 23,151.1 and the BSE Sensex lost 1.93% to 74,563.92

Published 13 Mar, 2026 03:42pm

Exchange

Rupee records gain against US dollar

Currency settles at 279.31

Updated 13 Mar, 2026 05:51pm

Business & Finance

SECP approves new annuity products to boost retirement security in Pakistan

Decision follows consultations with stakeholders in the insurance sector

Published 13 Mar, 2026 02:58pm

Stocks

Pakistan egg producer eyes to raise Rs637mn via IPO

Wahdat Poultry Farm Limited, a Pakistani poultry company, has announced plans to list on the Pakistan Stock Exchange...

Published 13 Mar, 2026 01:53pm

Commodities

Gold price per tola drops by Rs7,100 in Pakistan

Price of silver also decreases by Rs324 to reach Rs8,851 per tola

Updated 13 Mar, 2026 05:11pm

Energy

Pakistan’s domestic power sources cushion LNG supply risk, says Leghari

About 55% of electricity generation now comes from clean sources, which the government aims to raise above 90% by 2034, says minister

Published 13 Mar, 2026 12:30pm

Forex

Russian rouble weakens past 80 mark vs US dollar for the first time since January 9

The Russian rouble weakened past 80 against the US dollar for the first time since January 9

Published 13 Mar, 2026 12:26pm

Stocks

UAE stocks fall on fears of prolonged Middle East conflict

Investor caution intensified as the war in the Middle East approached the two-week mark, with heavy exchanges of drone and missile strikes across the region

Published 13 Mar, 2026 12:24pm

Companies

SNGPL restores gas supply to Agritech urea plant

Agritech Limited, a leading fertiliser manufacturer, announced on Friday that gas supply to Agritech Urea Plant was...

Published 13 Mar, 2026 10:34am

Technology

PTCL subsidiary bags 180 MHz spectrum for $156.75mn in 5G auction

Pak Telecom Mobile Limited (PTML), a wholly-owned subsidiary of Pakistan Telecommunication Company Ltd (PTCL), has...

Published 13 Mar, 2026 10:33am

Commodities

Chicago soybeans eye sixth consecutive weekly rise amid Iran war

Corn was on track for its third consecutive weekly gain

Published 13 Mar, 2026 10:24am

Commodities

Palm oil on track for second weekly gains

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 25 ringgit, or 0.55%, to 4,566 ringgita metric ton

Published 13 Mar, 2026 10:23am

Forex

Australian dollar succumbs to risk retreat, still ahead on week

The Aussie was flat at $0.7080, having slipped 1.0% overnight and away from a 45-month peak of $0.71875

Published 13 Mar, 2026 10:11am

Stocks

Japan’s Nikkei drops 1.7% as Middle East tensions boost oil prices

The Nikkei was down 1.7% at 53,502.50

Published 13 Mar, 2026 10:09am

Stocks

Australian shares drop on inflation fears; Northern Star slumps on output warning

The S&P/ASX 200 index was down 0.3% at 8,601.20

Published 13 Mar, 2026 10:08am

Companies

Air Link unit Select Technologies plans IPO

Air Link Communication Limited, a Pakistani technology firm, said on Friday that its wholly owned subsidiary, Select...

Published 13 Mar, 2026 10:04am

Stocks

Indian shares open lower on Mideast war jitters; auto stocks extend losses

The Nifty 50 fell 0.75% to 23,462.5, while the BSE Sensex lost 0.78% to 75,444.22

Published 13 Mar, 2026 09:51am

Companies

Engro Corp gets Lotte Chemical non-binding offer for majority stake in EPCL

Engro Holdings Limited said on Friday that its subsidiary, Engro Corporation Limited, received a non-binding offer...

Published 13 Mar, 2026 09:50am

Bullion Rate

Gold set for weekly drop as oil price surge weighs on rate-cut hopes

Spot gold was up 0.8% at $5,118.75 per ounce
US gold futures for April delivery was unchanged at $5,123.30

Updated 13 Mar, 2026 11:52am

Forex

Indian rupee trajectory pressured by rising oil risks; RBI to temper moves

The 1-month non-deliverable forward indicated the rupee will open in the 92.30–92.40 range against the US dollar, after settling at 92.19 on Thursday

Published 13 Mar, 2026 09:42am

Stocks

KSE-100 sheds 555 points after volatile session at PSX

Benchmark index settles at 153,866.16

Updated 13 Mar, 2026 03:12pm

Stocks

Asian stocks slide as Iran war keeps oil near $100, dents rate-cut bets

In Asia, MSCI’s broadest index of Asia-Pacific shares eased 0.5%, on course for a 1.5% decline for the week

Published 13 Mar, 2026 09:35am

Forex

Dollar poised for second weekly gain with no end in sight for Iran war

The index fell 0.04% to 99.63 in early trading in Asia, poised for a 0.8% gain this week

Published 13 Mar, 2026 09:29am

Energy

Oil prices decline as Indian tanker sails out of Strait of Hormuz

Brent futures for May declined 63 cents, or 0.6%, to $99.83 a barrel
US West Texas Intermediate crude for April declined $1.29

Updated 13 Mar, 2026 04:59pm

Taxes

PRA to launch campaign against tax evasion

LAHORE: The Punjab Revenue Authority (PRA) has decided to launch a public awareness campaign across province aimed...

Published 13 Mar, 2026 09:17am

Industry

Tashkent Region CCI Head’s appointment as focal person for LCCI welcomed

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

Published 13 Mar, 2026 09:14am

Taxes

Jul-Feb SRB collection shows 24pc growth YoY

KARACHI: The Sindh Revenue Board (SRB) has achieved a remarkable 41 per cent revenue growth in February 2026,...

Published 13 Mar, 2026 09:13am

Industry

PBF president congratulates Hashmi

KARACHI: President of the Pakistan Business Forum (Sindh Chapter) and Chief Adviser to the Pakistan Petroleum...

Published 13 Mar, 2026 09:12am

Money & Banking

Shareholders of Soneri Bank approve 2025 annual results

LAHORE: The annual audited financial statements of Soneri Bank Limited for the year ended 31 December 2025 were...

Published 13 Mar, 2026 09:03am

Industry

Faisalabad ready to initiate industrial growth: DC

FAISALABAD: Faisalabad is the only city with a comprehensive industrial ecosystem and is ready to initiate the next...

Published 13 Mar, 2026 09:02am

Companies

Huawei announces AESOLAR as official VAP partner

LAHORE: In a landmark development set to transform Pakistan’s Commercial & Industrial (C&I) solar sector,...

Published 13 Mar, 2026 08:58am

Business & Finance

KGTL to be supported by feeder service linking Karachi with UAE ports: KPT

KARACHI: Chairman KPT, Rear Admiral Shahid Ahmed (retd) announced that Karachi Gateway Terminal (Private) Limited...

Published 13 Mar, 2026 08:55am

Business & Finance

Stability, inflation outlook dim: ME tensions could spike global oil prices

ISLAMABAD: Escalating geopolitical tensions in the Middle East could trigger a sharp increase in global oil prices,...

Published 13 Mar, 2026 08:47am

Business & Finance

Theft of cigarette cartons from FBR warehouses: Panel directs coordination to complete probe

ISLAMABAD: A parliamentary panel on Thursday directed the Federal Board of Revenue (FBR), Federal Investigation...

Published 13 Mar, 2026 08:37am

Industry

PBF for immediate cut in POL prices effective March 14

KARACHI: The Pakistan Business Forum (PBF) has urged the Government of Pakistan to announce an immediate reduction...

Published 13 Mar, 2026 08:35am

Industry

PIBF to launch ‘GenZ Entrepreneur Drive’

LAHORE: The Pak International Business Forum (PIBF) has announced that it will soon launch a major training...

Published 13 Mar, 2026 08:33am

Industry

President FPCCI-led trade team to visit Indonesia

LAHORE: Atif Ikram Sheikh, President FPCCI, will lead a high-profile business delegation to Jakarta, Indonesia from...

Published 13 Mar, 2026 08:32am

Business & Finance

London overtakes San Francisco, New York as top FinTech hub

LONDON: London has overtaken San Francisco and New York as the world’s largest financial technology hub, as European...

Published 13 Mar, 2026 07:20am

Business & Finance

Demand for culinary experts surges fourfold: BEOE

KARACHI: The demand for Pakistan’s culinary experts, chefs, and cooks has increased fourfold over the past five...

Updated 16 Mar, 2026 03:46pm

Business & Finance

New values on import of chemicals issued

ISLAMABAD: Directorate General of Customs Valuation Karachi has issued new custom values on the import of chemicals...

Updated 13 Mar, 2026 09:09am

Business & Finance

PIA raises fuel surcharge

KARACHI: Airlines in Pakistan, including Pakistan International Airlines, are raising fuel surcharges after war in...

Published 13 Mar, 2026 06:37am

Business & Finance

IMF, govt to continue talks on EFF review

ISLAMABAD: The International Monetary Fund (IMF) team and the Pakistani authorities will continue discussions on the...

Published 13 Mar, 2026 06:12am

Commodities

Weekly SPI inflation up 1.89pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ending March 11, 2026, increased by 1.89 percent,...

Updated 13 Mar, 2026 09:10am

Energy

Oil settles up 9pc

NEW YORK: Oil prices settled up about 9 percent on Thursday, at their highest in nearly four years, as Iran stepped...

Published 13 Mar, 2026 06:12am

Business & Finance

Iran war may embolden BOJ’s hawkish push, despite growth risks

TOKYO: Fresh supply shocks triggered by the Middle East conflict may speed up the Bank of Japan’s hawkish agenda by...

Published 13 Mar, 2026 06:12am

Business & Finance

Mideast oil shock ‘largest supply disruption’ in history: IEA

PARIS: The Middle East war “is creating the largest supply disruption in the history of the global oil market”, as...

Published 13 Mar, 2026 06:12am

Business & Finance

Selected cities: Pilot launches of 5G mobile services next week

ISLAMABAD: Pakistan will begin pilot launches of fifth-generation (5G) mobile services in selected cities next week,...

Published 13 Mar, 2026 06:12am

Companies

CCP authorises acquisition of shares of Faysal Bank Ltd by MLCF

ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorized the acquisition of shares of Faysal Bank...

Published 13 Mar, 2026 06:12am

Interest Rates

Trump demands Fed cut rates. His Iran war has investors betting otherwise

Middle East conflict raises energy-driven inflation risks

Updated 13 Mar, 2026 09:39am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 24	278.07
USD PKR Interbank Buying / Jul 24	277.87
USD to Japanese Yen / Jul 27	163.55
USD to Swiss Franc / Jul 27	0.81
Pound Sterling to USD / Jul 27	1.34
Euro to USD / Jul 27	1.14
SOFR % / Jul 24	3.57

Stock	Volume
S&P 500 / Jul 24	7,411.98
Nasdaq / Jul 24	24,975.82
Dow Jones / Jul 24	51,947.25
India Sensex / Jul 27	76,744.88
Tokyo Nikkei / Jul 27	64,771.01
Hang Seng / Jul 27	25,112.38
FTSE 100 / Jul 27	10,773.82
Germany DAX 30 / Jul 27	25,432.98
France CAC40 / Jul 27	8,448.93

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 24	18,680
Gold 10 Grams PKR / Jul 24	366,457
Petrol/Litre / Jul 27	335.18
Crude Oil USD/Barrel / Jul 27	83.71
Gold Spot USD/Ounce / Jul 27	4,095.93
Diesel/Litre / Jul 27	383.46
Cotton US¢/pound / Jul 27	80.58

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 27 Trust Securities & Brokerage Limited(TSBL)	2.60 ▲ 0.36 (16.07%)
Waves Corporation / Jul 27 Waves Corporation Limited(WAVES)	10.95 ▲ 1 (10.05%)
Cresent Jute / Jul 27 Crescent Jute Products Limited(CJPL)	20.41 ▲ 1.86 (10.03%)
First IBL Mod. / Jul 27 First IBL Modaraba(FIBLM)	16.67 ▲ 1.52 (10.03%)
First Tri-Star Mod. / Jul 27 First Tri-Star Modaraba(FTSM)	34.51 ▲ 3.14 (10.01%)
Oilboy Energy / Jul 27 Oilboy Energy Limited(OBOY)	16.71 ▲ 1.52 (10.01%)
Service Textile / Jul 27 Service Industries Textiles Limited(SERT)	47.92 ▲ 4.36 (10.01%)
Thatta Cement / Jul 27 Thatta Cement Company Limited(THCCL)	65.75 ▲ 5.98 (10.01%)
Crescent Cotton / Jul 27 Crescent Cotton Mills Limited(CCM)	55.61 ▲ 5.06 (10.01%)
Ashfaq Textile / Jul 27 Ashfaq Textile Mills Limited(ASHT)	34.64 ▲ 3.15 (10%)

Stock	Price
Olympia Mills / Jul 27 Olympia Mills Limited(OML)	155.93 ▼ -17.33 (-10%)
TPL Insurance / Jul 27 TPL Insurance Limited(TPLI)	80.32 ▼ -8.92 (-10%)
Asia Ins. / Jul 27 Asia Insurance Company Limited(ASIC)	49.46 ▼ -5.49 (-9.99%)
Ahmad Hassan / Jul 27 Ahmad Hassan Textile Mills Limited(AHTM)	99.92 ▼ -10.62 (-9.61%)
Pakistan Credit Rating Agency / Jul 27 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36.02 ▼ -3.6 (-9.09%)
UDL International / Jul 27 UDL International Limited(UDLI)	19.80 ▼ -1.97 (-9.05%)
Premier Sugar / Jul 27 The Premier Sugar Mills(PMRS)	505.79 ▼ -46.94 (-8.49%)
Sally Textile / Jul 27 Sally Textile Mills Limited(SLYT)	16.34 ▼ -1.31 (-7.42%)
The Thal Ind.Corp. / Jul 27 The Thal Industries Corporation Limited(TICL)	1,017.82 ▼ -69.83 (-6.42%)
Karam Ceramics / Jul 27 Karam Ceramics Limited(KCL)	134.64 ▼ -6.73 (-4.76%)

Stock	Volume
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	135,860,213 ▲ 0.03
Trust Sec.& Brok. / Jul 27 Trust Securities & Brokerage Limited(TSBL)	92,629,988 ▲ 0.36
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	81,338,112 ▲ 0.47
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	59,231,062 ▲ 0.33
TPL Properties / Jul 27 TPL Properties Limited(TPLP)	55,234,210 ▲ 0.21
B.O.Punjab / Jul 27 The Bank of Punjab(BOP)	34,964,351 ▲ 1.97
Media Times Ltd / Jul 27 Media Times Limited(MDTL)	28,843,959 ▼ -0.23
TPL Corp Ltd / Jul 27 TPL Corp Limited(TPL)	27,419,235 ▲ 1.32
Maple Leaf Cement / Jul 27 Maple Leaf Cement Factory Limited(MLCF)	25,438,242 ▲ 8.39
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	18,001,733 ▲ 2.37

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