News Archives for Business & Finance - 2026-04-22

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Business & Finance - 2026-04-22

Money & Banking

India’s central bank in talks with global regulators, banks to review Mythos risks, sources say

MUMBAI: India’s central bank is in talks with global regulators, Indian lenders and government officials to...

Published 22 Apr, 2026 11:21pm

Commodities

Tesla launches new six-seater Model Y in India in attempt to boost tepid sales

MUMBAI: U.S. electric vehicle maker Tesla has launched a six-seater version of its best-selling Model Y in India as...

Published 22 Apr, 2026 11:21pm

Money & Banking

India’s SBI Life profit dips as operating expenses rise

India’s SBI Life Insurance reported a 1% drop in fourth-quarter profit on Wednesday as higher commissions and a jump...

Published 22 Apr, 2026 11:21pm

Companies

Philip Morris trims annual profit forecast amid nicotine pouch uncertainty

Philip Morris International cut its annual profit forecast on Wednesday amid regulatory uncertainty over its Zyn...

Published 22 Apr, 2026 11:20pm

Forex

India’s FX curbs drove foreign bond exits, stoking selloff, Nuvama’s Marwaha says

MUMBAI: The Indian central bank’s foreign exchange curbs prompted overseas investors to take profits in the South...

Published 22 Apr, 2026 11:16pm

Markets

India’s Tech Mahindra beats quarterly revenue view on manufacturing, banking strength

BENGALURU: Indian IT services company Tech Mahindra said it is confident of delivering growth in fiscal 2027, after...

Published 22 Apr, 2026 11:15pm

Pakistan

PTA takes action against digital content involving illegal therapeutic goods sale

Therapeutic goods may include medicines, medical devices, and vaccines

Published 22 Apr, 2026 11:02pm

Technology

As Gulf tensions rise, Pakistan’s IT sector navigates risks and opportunities

Iran war has pushed the Gulf region into a state of economic and strategic uncertainty, with disruptions in shipping routes, energy flows, and investment activity.

Updated 22 Apr, 2026 11:29pm

Business & Finance

Power minister orders inquiry into off-take of power from SPPs by DISCOs

Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari has taken serious notice of the off-take of...

Published 22 Apr, 2026 08:28pm

Business & Finance

PTA mandates domestic routing for all local internet traffic, bans international gateways

Move signals a decisive push toward building a sovereign, cost-efficient, and secure internet ecosystem

Published 22 Apr, 2026 07:39pm

Asia

Africa, Southeast Asia drive China solar panel exports to record in March

SINGAPORE/BEIJING: China’s solar panel exports soared to a record in March, China customs and industry data showed,...

Published 22 Apr, 2026 07:31pm

Business & Finance

CCP allows acquisition of Ranipur Sugar Mills by Saakh Pharma, United Ethanol

CCP says the merger is a conglomerate transaction with no significant overlap in businesses

Published 22 Apr, 2026 06:38pm

Companies

EchoVerse360 launches in Pakistan, leveraging AnyMind Group’s AnyTag

EchoVerse360 has officially launched its operations in Pakistan and is leveraging AnyMind Group’s AnyTag as a...

Published 22 Apr, 2026 05:05pm

Companies

Koç Group’s home appliances company Beko invests $20 million in a manufacturing transformation at Dawlance

Türkiye’s leading investment holding company Koç Holding’s home appliances subsidiary, Beko has announced a $20...

Published 22 Apr, 2026 05:02pm

Exchange

Rupee gains ground against US dollar

Settles at 278.87 against greenback

Updated 22 Apr, 2026 08:47pm

Technology

PM directs fast-tracking of EV adoption across Pakistan

Prime Minister Shehbaz Sharif on Wednesday directed authorities to accelerate efforts to promote electric vehicles...

Published 22 Apr, 2026 03:59pm

Companies

Sitara Petroleum launches IPO to raise up to Rs4.8bn

Sitara Petroleum Service Limited (SPSL), a Lahore-based fuel trader, has announced its Initial Public Offering...

Updated 22 Apr, 2026 03:40pm

Forex

Pakistan to renew GMTN, Sukuk programmes to tap global markets

The government plans to renew its Global Medium-Term Note (GMTN) and Sukuk TCI programmes for three years to raise...

Updated 22 Apr, 2026 11:24pm

Markets

Diet Coke loses its fizz in India as Iran war hits cans supply

In northern Uttar Pradesh state, grocer Ashish Saxena said orders for Diet Coke had been delayed

Published 22 Apr, 2026 01:11pm

Business & Finance

SECP approves IPOs of Sitara Petroleum, LSE SPAC-I

The Securities and Exchange Commission of Pakistan approved on Wednesday the initial public offerings (IPOs) of...

Published 22 Apr, 2026 12:59pm

Commodities

Gold price drops by Rs1,200 per tola in Pakistan

International rate of gold declines by $12 to reach $4,766 per ounce

Published 22 Apr, 2026 12:58pm

Energy

Europe readies response to second energy crisis in four years

Europe's heavy reliance on oil and gas imports has left it exposed to spiralling prices since the Strait of Hormuz

Published 22 Apr, 2026 12:39pm

Commodities

Copper little changed as investors assess Trump’s ceasefire extension

The benchmark-three-month copper on the London Metal Exchange ticked 0.14% higher to $13,249 a metric ton

Published 22 Apr, 2026 12:30pm

Companies

HUBCO profit declines 3% in 3QFY26

Amid lower revenue and high taxation, Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power...

Published 22 Apr, 2026 12:01pm

Mutual Funds

Vietnam raises $396mn in government bond auction

The uptake was lower, with 59% of the bonds on offer sold, compared with 69% last week

Published 22 Apr, 2026 11:53am

Markets

UK inflation rises to 3.3% as Iran war impact begins to hit

The British central bank is expected to keep borrowing costs on hold on April 30 at the end of its next scheduled Monetary Policy Committee meeting

Published 22 Apr, 2026 11:46am

Mutual Funds

India bonds may tick lower as oil rises amid US-Iran impasse despite ceasefire extension

India's benchmark 6.48% 2035 bond yield is expected to drift in the 6.87%-6.92% range

Published 22 Apr, 2026 11:14am

Forex

Yuan edges up as dollar wavers on Iran ceasefire uncertainty

the yuan was 0.12% higher at 6.8237 to the dollar.
- The offshore yuan traded at 6.8249 yuan per dollar, up about 0.06% in Asian trade

Published 22 Apr, 2026 11:10am

Mutual Funds

Indian rupee set to weaken more; oil largely shrugs off Trump ceasefire extension

The rupee is expected to open in the 93.55–93.60 range

Published 22 Apr, 2026 11:06am

Commodities

Chicago soy rises as oil prices climb, rain forecast threatens Midwest planting

The most-active soybeans contract on the CBOT was up 0.5% at $11.96 a bushel

Published 22 Apr, 2026 11:03am

Forex

Thai baht/US dollar steady on Wednesday

The baht was 0.03% lower at 32.20 versus thedollar, after trading in a range of 32.150 to 32.255

Published 22 Apr, 2026 10:59am

Stocks

China stocks near 3-month high as Iran ceasefire offers cautious optimism

The Shanghai Composite index also rose as much as 0.3% to the highest level since March 17

Published 22 Apr, 2026 10:56am

Commodities

Palm extends climb as rival oils gain; traders eye production data

Palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange gained 68 ringgit, or 1.49%, to 4,627 ringgit a metric ton

Published 22 Apr, 2026 10:51am

Forex

Australia, NZ dollars bounce as US extends ceasefire with Iran

The Aussie inched up 0.1% at $0.7157, having fallen 0.4% overnight to as low as $0.7130

Published 22 Apr, 2026 10:48am

Stocks

Australia shares fall as uncertainty over US-Iran talks lingers, BHP limits losses

The S&P/ASX 200 index fell 0.8% to 8,876.20

Published 22 Apr, 2026 10:45am

Stocks

Japan’s Nikkei rises to record high on tech boost

The Nikkei initially struggled for direction in early Asian trade but was last up 0.5% at 59,644.37

Published 22 Apr, 2026 10:42am

Bullion Rate

Gold rises as oil weakens after US extends ceasefire with Iran

Spot gold rose 0.9% to $4,754.89 per ounce
US gold futures for June delivery gained 1.1% to $4,772.60

Published 22 Apr, 2026 10:36am

Energy

Attock Refinery Limited shuts main unit as Islamabad security curbs disrupt fuel supply chain

Says there has been an abrupt suspension of oil tank lorry movement to and from ARL due to the expected arrival of foreign delegates in Islamabad

Updated 22 Apr, 2026 11:24pm

Stocks

Selling pressure at bourse, KSE-100 settles nearly 1% lower

Negative sentiment observed amid uncertainty over US-Iran talks

Updated 22 Apr, 2026 06:02pm

Stocks

Indian shares set to open lower as investors assess Iran developments; HCLTech in focus

GIFT Nifty futures were trading at 24,451 points

Published 22 Apr, 2026 07:45am

Energy

Oil prices up 3.22% after EIA shows drop in fuel stocks, reports container ships in Hormuz hit by gunfire

Brent crude futures up $3.17, or 3.22%, at $101.65 a barrel at 11:05 am EDT (1506 GMT)

Updated 22 Apr, 2026 08:59pm

Forex

Dollar at week high as markets raise doubts over Iran ceasefire

The US dollar index , which measures the greenback's strength against a basket of six currencies, was steady at 98.415

Published 22 Apr, 2026 07:35am

Stocks

Stocks gain, dollar wobbles as Trump extends Iran ceasefire

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.14% after hitting a seven-week high in the previous session

Published 22 Apr, 2026 07:31am

Business & Finance

SECP enforces UBO disclosure to strengthen transparency

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed all companies to ensure timely...

Published 22 Apr, 2026 07:23am

Industry

Food and agri products: Kuwait embassy, KCCI, TDAP hold hybrid B2B Forum

ISLAMABAD: The Embassy of Pakistan in Kuwait, in collaboration with the Kuwait Chamber of Commerce & Industry...

Published 22 Apr, 2026 07:17am

Business & Finance

Minister speaks at CTIS: Global partners invited to explore vast economic potential

ISLAMABAD: Federal Minister Qaiser Ahmed Sheikh invites global investors to partner with Pakistan at Commonwealth...

Published 22 Apr, 2026 07:12am

Pakistan

Agriculture sector: Syngenta team, Punjab governor discuss policy reforms

LAHORE: Senior executives from Syngenta, a global leader in agricultural science, called on the Governor of Punjab,...

Published 22 Apr, 2026 06:55am

Pakistan

Governor seeks Iranian investment in Sindh

KARACHI: Iran’s Consul General in Karachi, Akbar Eisa Zadeh called on Sindh Governor Syed Mohammad Nahal Hashmi on...

Published 22 Apr, 2026 06:53am

Business & Finance

Russia to halt Kazakhstan’s oil flows to Germany via Druzhba

MOSCOW: Russia is set to stop oil exports from Kazakhstan to Germany via the Druzhba pipeline starting from May 1,...

Published 22 Apr, 2026 06:44am

World

Trump says currency swap with UAE under study

WASHINGTON: President Trump said on Tuesday that the United States was considering helping the United Arab Emirates...

Published 22 Apr, 2026 06:42am

World

Shipping traffic through Hormuz still largely halted

LONDON: Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships...

Published 22 Apr, 2026 06:32am

Energy

Oil rises 3pc as Iran undecided on talks

NEW YORK: Oil prices climbed about 3 percent on Tuesday after Iran said it had yet to decide whether to attend peace...

Updated 22 Apr, 2026 07:43am

World

Shell faces new court case in the Netherlands over emissions

AMSTERDAM: A Dutch climate activist group launched a new court case against Shell on Tuesday in the Netherlands,...