News Archives for Business & Finance - 2026-04-06

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Business & Finance - 2026-04-06

Markets

OGRA directed to ensure compliance with data reporting requirements

Meeting focused on ensuring fuel supply continuity, maintaining market discipline, and strengthening monitoring mechanisms

Published 06 Apr, 2026 11:13pm

Markets

IT firms, freelancers exempted from declaring export proceeds of up to $25,000

IT exporters allowed retaining $5,000 or 50% of export proceeds a month – whichever is higher – for making overseas payments

Published 06 Apr, 2026 10:35pm

Markets

PM Shehbaz urges nationwide shift to EVs to cut fuel costs

Prime Minister Shehbaz Sharif on Monday stressed the need to promote environment-friendly electric vehicles (EVs)...

Published 06 Apr, 2026 09:53pm

Stocks

Gulf equities mixed as investors await clarity on US-Iran talks

Saudi Arabia’s benchmark index eased 0.1%
Dubai’s main share index dropped 0.7%,

Published 06 Apr, 2026 08:21pm

Stocks

Wall Street edges higher as investors assess Mideast resolution prospects

Dow Jones Industrial Average rose 68.86 points, or 0.15%, to 46,573.53

Published 06 Apr, 2026 08:16pm

Energy

India’s Reliance buys Venezuelan oil directly from PDVSA, document and data show

Venezuela’s crude exports to India, which resumed in late February after a 10-month pause

Published 06 Apr, 2026 08:12pm

Markets

India’s central bank keeps foreign debt investment limits unchanged for 2026-27

Overall investment ceilings will increase in absolute terms as the pool of government debt increases

Published 06 Apr, 2026 08:04pm

Stocks

India’s NSE to launch Platts‑based crude futures in tie-up with S&P Global Energy

The exchange will initially roll out Dated Brent Crude Oil (Platts) futures contracts

Published 06 Apr, 2026 06:23pm

Markets

Indian companies’ $7bn NDF hoard shows firms seized Indian rupee arbitrage window

Client trading volumes in the NDF market jumped manifold to $7.54 billion on March 30

Published 06 Apr, 2026 04:59pm

Stocks

Sri Lankan shares close flat

CSE All Share index settled up 0.04% at 21,126.60

Published 06 Apr, 2026 04:52pm

Energy

Weak grid holding back solar boom in Pakistan: report

The Competition Commission of Pakistan (CCP) has highlighted that outdated grid infrastructure is acting as a...

Published 06 Apr, 2026 04:50pm

Financial

India bonds jump on Mideast peace proposal, 10-year yield slides most in 15 weeks

India’s benchmark 6.48% 2035 bond yield eased about 9 basis points to 7.0458%

Published 06 Apr, 2026 04:49pm

Commodities

Palm slips on profit-taking, Thailand’s export restrictions caps fall

Soyoil prices on the Chicago Board of Trade were up 0.07%

Published 06 Apr, 2026 04:47pm

Markets

Details on state debt maturity profile to whet auction, derivatives demand, investors say

For long-term investors like insurers, it would be easy to plan investments if the maturity buckets are known

Published 06 Apr, 2026 04:40pm

Forex

Indian rupee ends little changed, hemmed in by position unwinding, importer hedging

Indian rupee closed at 93.06 against the dollar

Published 06 Apr, 2026 04:35pm

Commodities

PIA limits operations, ends discounts amid hike in jet fuel

The management of Pakistan International Airlines (PIA) has decided to end all discounts amid rising oil prices in...

Published 06 Apr, 2026 04:34pm

Stocks

Indian shares rise on Mideast peace hopes; banks lead gains

Nifty 50 rose 1.12% to 22,968.25 and the Sensex added 1.07% to 74,106.85

Published 06 Apr, 2026 04:32pm

Exchange

Rupee gains ground against US dollar

Local currency settles at 279.07

Updated 06 Apr, 2026 08:47pm

Commodities

India seeks 2.5 million metric tons of urea amid Middle East supply disruptions

India routinely relies on global tenders to secure urea for domestic consumption

Published 06 Apr, 2026 04:26pm

Companies

PIA privatisation: Shareholders approve 75% stake divestment

In a major step towards privatisation, the shareholders of PIA Holding Company Limited (PIAHCL) have approved the...

Published 06 Apr, 2026 02:38pm

Stocks

Major Gulf markets mixed as investors await clarity on US-Iran talks

Saudi Arabia’s benchmark index eased 0.2%, with Al Rajhi Bank losing 0.3%

Published 06 Apr, 2026 01:56pm

Commodities

Gold price per tola gains Rs1,100 in Pakistan

iInernational rate of gold up by $11 to reach $4,687

Updated 06 Apr, 2026 06:18pm

Business & Finance

NBP announces appointment of chairman after SBP clearance

National Bank of Pakistan (NBP), Pakistan’s largest state-owned lender, announced the appointment of key members to...

Published 06 Apr, 2026 01:54pm

Business & Finance

Copper, aluminium exports hurting domestic fan manufacturing: industrialists tell Aurangzeb

Discussions also focused on the sector’s transition towards energy-efficient DC fan technology

Published 06 Apr, 2026 01:30pm

Business & Finance

Agritech shuts down plant following SNGPL force majeure

Agritech Limited announced on Monday that its urea plant shut down due to the suspension of gas supply by Sui...

Published 06 Apr, 2026 01:18pm

Mutual Funds

Japan’s bond yield curve steepens ahead of 30-year debt auction

The 10-year JGB yield climbed 3 basis points (bps) to 2.410%, its highest since February 1999

Published 06 Apr, 2026 12:43pm

Stocks

Japan’s Nikkei rises as traders brush off Trump’s Iran threat, focus on potential deal

The Nikkei was up 1.10% at 53,709.58

Published 06 Apr, 2026 12:41pm

Energy

Two more Indian-flagged LPG ships exit the Gulf, tracking data shows

Green Asha and Green Sanvi have crossed the Gulf area and are in the eastern Strait of Hormuz

Published 06 Apr, 2026 12:23pm

Energy

Saudi Arabia hikes Arab Light crude prices for Asia to record-high premium

Middle East high-sulphur crude benchmark Dubai rose to nearly $170 a barrel during trading in the S&P Global Platts Market on Close process

Published 06 Apr, 2026 12:19pm

Commodities

Chicago wheat, soybeans, corn drop on weak export demand

The most-active wheat contract on the Chicago Board of Trade (CBOT) fell 1.3% to $5.90-1/2 a bushel

Published 06 Apr, 2026 11:39am

Business & Finance

Philippines awards $376mn from T-bill offer

Tenders total 50.2 billion pesos

Published 06 Apr, 2026 11:37am

Commodities

Thailand to control crude palm oil exports, bottled prices starting April 7

These measures, including the maintenance of energy reserves, will not impact farmers, who will continue to be protected by the government

Published 06 Apr, 2026 11:16am

Markets

AirAsia X committed to opening Bahrain hub despite Middle East conflict

AirAsia X in February unveiled plans to resume flights from Kuala Lumpur to London via the Bahrain hub

Published 06 Apr, 2026 11:08am

Mutual Funds

India bonds rise as likely RBI buying, lighter state borrowing aid sentiment

The benchmark 6.48% 2035 bond yield slipped to 7.1149%

Published 06 Apr, 2026 10:45am

Stocks

KSE-100 gains over 800 points amid easing geopolitical tensions

Optimism around a potential ceasefire triggered late-session recovery, say analysts

Updated 06 Apr, 2026 05:46pm

Bullion Rate

Gold falls as Iran war, robust US jobs data dim Fed rate-cut hopes

Spot gold slipped 0.9% to $4,631.69 per ounce

Published 06 Apr, 2026 08:29am

Forex

Indian rupee set to rise on spillover of RBI curbs; oil, outflows temper sentiment

The rupee ‌is likely to open in the 92.80-92.90 range versus the US dollar

Published 06 Apr, 2026 08:10am

Stocks

Indian shares seen muted on caution over Trump’s Iran threat; banks in focus

GIFT Nifty futures were trading at 22,734 as

Published 06 Apr, 2026 08:07am

Forex

Dollar steady as traders fret about escalating Iran war

The dollar index , which measures the US currency against six rivals, was at 100.2

Updated 06 Apr, 2026 10:54am

Stocks

Asia markets brace for Trump’s promised assault on Iranian infrastructure

With liquidity thin as many countries around the region observed holidays on Monday, S&P 500 e-mini futures sank 0.2%, while ⁠MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%

Published 06 Apr, 2026 07:59am

Energy

Oil edges up in choppy trade; US, Iran receive ceasefire proposal framework

Brent crude futures were up 0.1% to $109.13 a barrel

Updated 06 Apr, 2026 08:55pm

Business & Finance

‘Rising imports, high petrol prices push economy to critical juncture’

HYDERABAD: The President Hyderabad Chamber of Small Traders and Small Industry, Muhammad Saleem Memon, has warned...