News Archives for Business & Finance - 2026-03-18

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Business & Finance - 2026-03-18

Money & Banking

Indian Bank, infrastructure financier NaBFID to raise 80 billion rupees via bonds by March

MUMBAI: Indian Bank and National Bank for Financing Infrastructure and Development plan to raise a combined 80...

Published 18 Mar, 2026 10:28pm

Business & Finance

Over 1.4Gbps speeds recorded in 5G trial phase

Zong has recorded download speeds exceeding 1.4Gbps during its pre-launch 5G field trials conducted in Islamabad and...

Published 18 Mar, 2026 09:48pm

Markets

Ambani’s Reliance Jio hires 17 banks for IPO, will raise no new funds, sources say

MUMBAI: Indian billionaire Mukesh Ambani’s Reliance Jio Platforms has hired 17 banks to manage its Mumbai stock...

Published 18 Mar, 2026 06:09pm

South Asia

India approves $3.6 billion to develop industrial parks to boost manufacturing

NEW DELHI: India’s cabinet approved spending 336.60 billion rupees ($3.63 billion) to develop 100 industrial parks,...

Published 18 Mar, 2026 06:05pm

Energy

Fresh oil cargo arrives in Pakistan amid global volatility, more shipments lined up

Domestic supply remains stable with adequate stocks available across the country

Published 18 Mar, 2026 04:06pm

Commodities

SECP to open capital markets for AoPs & LLPs

The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Public Offering...

Published 18 Mar, 2026 03:32pm

Business & Finance

CCP approves merger of Cyan, DH Partners into Dawood Lawrencepur

Says amalgamation will not create or strengthen a dominant position nor substantially lessen competition in the relevant market

Published 18 Mar, 2026 03:10pm

Exchange

Pakistan rupee registers gain against US dollar

Currency settles at 279.26 against greenback

Updated 18 Mar, 2026 08:33pm

Stocks

Dubai leads most Gulf bourses higher

Dubai’s main share index rose 2.3%

Published 18 Mar, 2026 02:45pm

Stocks

European shares extend gains as oil retreats; Fed decision in focus

Pan-European benchmark STOXX 600 was up 0.5% to 605.59 points

Published 18 Mar, 2026 02:42pm

Business & Finance

Pakistan set to regulate real estate with RERA, expand housing access

The government is set to establish a Real Estate Regulatory Authority (RERA) to oversee Pakistan’s largely...

Published 18 Mar, 2026 02:41pm

Commodities

Palm extends losses on weak rival oils, crude oil prices, April demand concerns

Benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 71 ringgit, or 1.55%, to 4,510 ringgit a metric ton

Published 18 Mar, 2026 02:25pm

Business & Finance

K-Electric appoints Shaheryar Chishty as chairman during Skelton’s absence

Shares development with the PSX

Published 18 Mar, 2026 01:43pm

Business & Finance

ADB unveils Pakistan strategy for 2026–2030

Strategy tailored to address Pakistan's structural challenges, says ADB

Published 18 Mar, 2026 01:04pm

Commodities

Japan rubber futures consolidate on falling oil prices

OSE rubber contract for August delivery was down 4.2 yen, or 1.12%, at 370.5 yen ($2.33) per kg

Published 18 Mar, 2026 12:37pm

Energy

GAIL India issues swap tender for two LNG cargoes, sources say

GAIL, India’s largest gas distributor, is offering the cargoes for loading on a FOB basis on April 22

Published 18 Mar, 2026 12:33pm

Forex

Indian rupee counts on RBI backstop before Fed decision; oil looms large over outlook

Indian rupee has remained vulnerable to a decline past 92.50 over the past three sessions

Published 18 Mar, 2026 12:30pm

Commodities

Iron ore dips as rising freight rates impede steel exports

Benchmark April iron ore on the Singapore Exchange was 1.33% lower at $107.35 a ton

Published 18 Mar, 2026 12:19pm

Energy

Bangladesh approves two spot LNG cargo purchases to address supply disruptions

Bangladesh’s RPGCL had issued a tender seeking two cargoes of LNG for delivery in April 2026

Published 18 Mar, 2026 12:16pm

Commodities

Gold edges down as investors weigh Mideast risks ahead of Fed decision

Spot gold edged down 0.4% to $4,984.29 per ounce

Published 18 Mar, 2026 12:12pm

Companies

Nippon Steel secures $5.7 billion of loans for US Steel takeover

TOKYO: Nippon Steel has secured loans totalling 900 billion yen ($5.67 billion) from the Japan Bank for...

Published 18 Mar, 2026 12:04pm

Energy

Pakistan power generation up 11% in February as coal dominates energy mix

Power generation in Pakistan reached 7,696 GWh in February 2026, up 11% YoY from the generation recorded in February...

Updated 19 Mar, 2026 12:28am

Technology

Microsoft weighs legal action over $50 billion Amazon-OpenAI cloud deal, reports

The issue centres on whether Amazon Web Services can offer OpenAI’s new commercial product

Published 18 Mar, 2026 11:35am

Money & Banking

India’s Axis Bank to invest $162 million in consumer lending arm

India’s Axis Bank will invest 15 billion rupees ($162.28 million) in its consumer lending arm, Axis Finance, the...

Published 18 Mar, 2026 10:59am

Stocks

Australian shares end at one-week high as miners, energy stocks gain

S&P/ASX 200 index rose 0.3% to log its highest close in a week at 8,640.6 points

Updated 18 Mar, 2026 02:28pm

Stocks

Nikkei ends nearly 3% higher as AI, chip stocks rally

Nikkei rose 2.87% to 55,239.4

Updated 18 Mar, 2026 02:11pm

Stocks

China, Hong Kong stocks gain on AI optimism

Hong Kong benchmark Hang Seng advanced 0.61%
Shanghai Composite Index rose 0.32%

Updated 18 Mar, 2026 02:40pm

Companies

Colgate-Palmolive Pakistan re-appoints chairman, CEO

Colgate-Palmolive Pakistan Limited (COLG) announced on Wednesday key appointments. The company shared the...

Published 18 Mar, 2026 10:49am

Stocks

Indian shares extend rally as oil eases; IT, auto lead gains

Nifty 50 was up 0.45% at 23,686, while the BSE Sensex gained 0.45% to 76,415.29

Published 18 Mar, 2026 10:47am

Energy

Brent crude oil price jumps after attack on Iran’s South Pars field

Brent futures were up $4.53, or 4.4%, at $107.95 a barrel by 1321 GMT on Wednesday

Updated 18 Mar, 2026 08:55pm

Forex

Dollar steadies as oil rally cools, lifting risk sentiment

The greenback has gained as the only remaining haven currency during the Middle East crisis that is now in its third week

Published 18 Mar, 2026 10:35am

Stocks

KSE-100 Index gains nearly 3% on oil price respite

Benchmark index settles at 154,292.25

Updated 18 Mar, 2026 08:59pm

Business & Finance

Ministry of Commerce seeks action over Gerry’s Dnata additional cargo charges on meat exports

Gerry’s Dnata recently introduced an additional charge of Rs50 per kilogram on meat exports, say exporters

Published 18 Mar, 2026 09:27am

World

Trump’s summit delay casts pall over US-China trade truce

BEIJING: US President Donald Trump’s request to delay the planned summit in Beijing with Chinese leader Xi Jinping...

Published 18 Mar, 2026 04:59am

Energy

Punjab to install 150MW of solar power project at Quaid-e-Azam Solar Park

LAHORE: The government of Punjab is considering the installation of a 150-megawatt solar power plant at the...

Published 18 Mar, 2026 04:55am

Business & Finance

Pakistan, China jointly moving towards upgraded phase of cooperation under CPEC 2.0: CG

LAHORE: Newly-appointed Chinese Consul General in Lahore Sun Yan has said that Pakistan and China are jointly moving...

Published 18 Mar, 2026 04:52am

Pakistan

CM’s vision steering agri modernisation in Punjab

LAHORE: Under the vision of Chief Minister Punjab Maryam Nawaz Sharif, agriculture was being transformed thr-ough...

Published 18 Mar, 2026 04:46am

Companies

PAFLA, SI Global Solutions ink MoU to strengthen freelancing ecosystem

KARACHI: Pakistan Freelancers Association (PAFLA) and SI Global Solutions have signed a Memorandum of Understanding...