News Archives for Business & Finance - 2026-04-09

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Business & Finance - 2026-04-09

Business & Finance

Finance minister engages business leaders to shape budget priorities, boost growth

Emphasizes the importance of structured dialogue with the private sector

Published 09 Apr, 2026 09:48pm

Business & Finance

SBP-held foreign reserves rise $19mn to $16.40bn

Total liquid foreign exchange reserves stand at $21.89 billion

Published 09 Apr, 2026 08:05pm

Companies

JazzCash powers largest disbursement for Prime Minister Shahbaz Sharif’s fuel package 2026

JazzCash, in partnership with Mobilink Bank, has completed the disbursement of the first tranche of financial relief...

Published 09 Apr, 2026 06:20pm

Exchange

Rupee gains ground against US dollar

Settles at 279.02 against greenback

Updated 09 Apr, 2026 08:23pm

Commodities

Gold price per tola drops by Rs9,500 in Pakistan

International rate of gold declines by $95 to reach $4,723 per ounce

Updated 09 Apr, 2026 06:19pm

Forex

Australia, NZ dollars level off as doubts gather over Gulf ceasefire

The Aussie was sitting still at $0.7040, having bounced almost 1.0% on Wednesday before topping out at $0.7084

Published 09 Apr, 2026 01:04pm

Markets

UniCredit flags risk of losing key staff, clients in a Commerzbank tie-up

UniCredit, which owns almost 30% of Commerzbank, last month unveiled a near 35 billion euro ($41 billion) all-share bid for the rival

Published 09 Apr, 2026 12:57pm

Forex

South African rand slips as investors track fragile Middle East ceasefire, assess local data

The rand traded at 16.45 against the dollar , roughly down 0.4% from its previous close

Published 09 Apr, 2026 12:56pm

Stocks

South Korean shares fall as Iran ceasefire doubts fuel risk-off mood

The benchmark KOSPI closed down 94.33 points, or 1.61%, at 5,778.01

Published 09 Apr, 2026 12:54pm

Commodities

South Korea’s NOFI bought about 68,000 tons corn in private deal on Wednesday, traders say

The corn was said to have been purchased by NOFI unit NH Feed at an estimated outright price of $257.88 a ton cost

Published 09 Apr, 2026 12:52pm

Mutual Funds

Japan bonds slip as traders gauge fragile US-Iran ceasefire

The 10-year JGB yield rose 2.5 basis points (bps) to 2.39%

Published 09 Apr, 2026 12:51pm

Forex

Thai baht/US dollar weaker on Thursday

The baht was 0.22% lower at 32.12 versus the dollar, after trading in a range of 32.080 to 32.190

Published 09 Apr, 2026 12:50pm

Companies

Worldcall takes strategic decision to set up subsidiary in UAE

Worldcall Telecom Limited announced on Thursday that its board approved the establishment of a 100% owned subsidiary...

Published 09 Apr, 2026 12:49pm

Stocks

Japan’s Nikkei retreats as US-Iran ceasefire optimism fades

The Nikkei fell 0.73% to 55,895.32, snapping a four-session rally

Published 09 Apr, 2026 12:41pm

Stocks

Banks keep Australia shares at five-week high, US-Iran truce concerns linger

The S&P/ASX 200 benchmark index rose 0.2% to 8,973.20, closing at its highest since March 3

Published 09 Apr, 2026 12:39pm

Stocks

European shares pause after rally as US-Iran truce shows signs of strain

The pan-European STOXX 600 index was down 0.2% at 612.06 points

Published 09 Apr, 2026 12:33pm

Business & Finance

SSGC issues statement on residential gas explosion

Says will file an appeal at the district court

Published 09 Apr, 2026 12:26pm

Commodities

Copper falls from 3-week high as ceasefire doubts lift oil, revive growth concerns

Benchmark three-month copper on the London Metal Exchange was down 0.6% at $12,630 a metric ton

Published 09 Apr, 2026 12:13pm

Technology

South Korea’s Kia cuts 2030 EV target over 20%, plans humanoid robots at US factory

The automaker also trimmed its total vehicle sales goal, targeting 4.13 million vehicles by 2030

Published 09 Apr, 2026 12:03pm

Energy

Russia offers sanctioned LNG to Asia at discount of 40%, Bloomberg News says

Russia seeks to lure South Asian nations to buy shipments from its US-sanctioned facilities with large discounts

Published 09 Apr, 2026 11:57am

Commodities

Wheat recoups losses, corn firms as oil market recovers

The most-active wheat contract on the Chicago Board of Trade (CBOT) added 0.6% to $5.83-3/4 a bushel

Published 09 Apr, 2026 11:49am

Business & Finance

Russia approves potato imports from Pakistan

Import from Punjab started from April 8

Published 09 Apr, 2026 11:48am

Forex

Yuan steady as markets eye Middle East tensions and China inflation

Onshore yuan opened at 6.8350 per dollar and last traded at 6.8335

Published 09 Apr, 2026 11:43am

Commodities

Japan April-June crude steel output is set to fall 0.7% on slack demand, METI says

Output from the world's fourth-largest steel producer is forecast at 20.0 million metric tons for the three months

Published 09 Apr, 2026 11:39am

Commodities

Iron ore hits one-month low on rising supply, China demand worries

The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) lost 2.14% to 753 yuan a metric ton

Published 09 Apr, 2026 11:33am

Markets

Bessent urges Congress to pass crypto regulation bill

The benefits of domiciling in the US rarely outweighed the risks," Bessent wrote

Published 09 Apr, 2026 11:22am

Stocks

China, HK stocks fall on market concerns over US-Iran ceasefire

China’s blue-chip CSI300 Index dropped 0.6% by the lunch break

Published 09 Apr, 2026 11:16am

Business & Finance

Service Long March Tyres announces $120mn investment

Service Long March Chairman Jin Yongsheng meets Federal Minister for Commerce Jam Kamal Khan

Updated 09 Apr, 2026 11:13pm

Markets

IMF strikes staff-level deal with Sri Lanka on $700 million in funding

Sri Lanka's economic reforms have supported the recovery, the IMF added, although it has been significantly exposed to the Iran war

Published 09 Apr, 2026 10:52am

Bullion Rate

Gold steady as investors eye US-Iran talks, brace for inflation data

Spot gold was little changed at $4,713.79 per ounce
US gold futures for June delivery fell 0.8% to $4,736.50

Updated 09 Apr, 2026 01:06pm

Markets

Volatility at bourse, PSX remains flattish

Benchmark index settles at 165,517.51

Updated 09 Apr, 2026 06:01pm

Markets

Disney plans to cut 1,000 jobs, WSJ reports

*The planned layoffs could affect less than 1% of its total employees. Disney employed about 231,000 people as of the end of fiscal ‌year ⁠2025

Published 09 Apr, 2026 08:24am

Stocks

Indian shares set to pause after rally as Mideast tensions cloud ceasefire optimism

GIFT Nifty ‌futures were trading at 24,010

Published 09 Apr, 2026 08:13am

Pakistan

ABAD pays tribute to PM, Field Marshal

KARACHI: Chairman of the Association of Builders and Developers (ABAD), Muhammad Hassan Bakhshi, has paid tribute to...

Published 09 Apr, 2026 08:09am

Forex

Indian rupee contends with doubts over Iran truce; oil ticks up, risk rally peters

The rupee is ‌likely to open in the 92.55-92.65 range versus the US dollar

Published 09 Apr, 2026 08:08am

Pakistan

Business greets US-Iran ceasefire, lauds role of PM, CDF

KARACHI: Business community has welcomed the two-week ceasefire in the war between USA, Israel and Iran with great...

Published 09 Apr, 2026 08:07am

Pakistan

US-Iran ceasefire: HCSTSI president greets role of Pak leadership

HYDERABAD: Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) President Saleem Memon has paid great...

Published 09 Apr, 2026 08:04am

Stocks

Asia stocks turn cautious as reality intrudes in Gulf

MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.3%

Published 09 Apr, 2026 08:03am

Forex

Dollar steadies as fragile US-Iran ceasefire weighs on markets

Sterling eased 0.04% to $1.3387

Updated 09 Apr, 2026 10:44am

Industry

Hindering export growth: Rice sector seeks govt intervention

LAHORE: Stakeholders from Pakistan’s rice sector have called for urgent government intervention to resolve policy...

Published 09 Apr, 2026 07:54am

Energy

Oil rebounds as fragile ceasefire, Hormuz concerns keep supply risks elevated

Brent crude futures were up $3.41, or 3.6%, at $98.16 a barrel at 1244 GMT, while U.S. West Texas Intermediate (WTI) crude rose $4.74, or 5%, to $99.15 a barrel.

Updated 09 Apr, 2026 06:14pm

Business & Finance

New customs values for imported infant milk fixed

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has fixed new customs values for milk preparation...

Published 09 Apr, 2026 07:38am

Business & Finance

Customs values for lithium-ion batteries revised

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, on Wednesday revised the customs values for...

Published 09 Apr, 2026 07:30am

Money & Banking

Bahrain, UAE central banks announce currency swap agreement

ABU DHABI: The central banks of Bahrain and the United Arab Emirates announced the establishment of a currency swap...

Published 09 Apr, 2026 07:22am

Business & Finance

Traders place large USD950m bet on oil price falling hours ahead of ceasefire

LONDON: Investors placed an approximately USD950 million bet on oil prices falling just hours before the US and Iran...

Published 09 Apr, 2026 07:20am

Business & Finance

Nabeel Awan made interim OGRA chief

ISLAMABAD: Nabeel Ahmed Awan, a grade-22 officer currently serving as Secretary of the Establishment Division, has...

Published 09 Apr, 2026 07:17am

Business & Finance

Canadian envoy seeks govt support for JCM Power

Canadian envoy to Pakistan Tarik Ali Khan, along with representatives of Canadian firm JCM Power, met Federal...

Updated 09 Apr, 2026 09:38pm

Energy

Oil tumbles below USD100

NEW YORK: Oil plummeted on Wednesday, falling below USD100 a barrel, on hope of the Strait of Hormuz reopening after...

Published 09 Apr, 2026 07:06am

Business & Finance

US-Iran ceasefire: Business community hails govt’s diplomatic efforts

ISLAMABAD: The business community on Wednesday appreciated Pakistan’s diplomatic efforts in securing a two-week...