News Archives for Business & Finance - 2026-04-28

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Business & Finance - 2026-04-28

Money & Banking

US Fed expected to keep rates steady as Iran war effects ripple

WASHINGTON: The US Federal Reserve opened its two-day meeting on Tuesday with policymakers expected to keep interest...

Published 28 Apr, 2026 10:26pm

Markets

Up to 25 kW: NEPRA removes licence requirement for small solar users

Development comes two days after Power Division requested NEPRA to abolish application fee and eliminate licence requirement for solar users with systems of 25 kilowatts or less

Updated 28 Apr, 2026 09:43pm

Markets

Arif Habib consortium acquires remaining 25% stake in PIA

Takes full control of national carrier

Published 28 Apr, 2026 08:25pm

South Asia

Stable India growth outlook masks hit to vast informal sector, say economists

India’s gross domestic product is expected to grow 6.7% this fiscal year

Published 28 Apr, 2026 07:45pm

South Asia

Reliance's results offer a real-world read on the Iran war

Reliance Industries is offering the clearest signal yet on how the Iran war, now in its third month, is rippling...

Published 28 Apr, 2026 07:39pm

Commodities

Middle East conflict disrupts scrap supplies to India's aluminium producers, raises costs

Scrap prices have jumped by nearly 30% since the Iran conflict began earlier this year

Published 28 Apr, 2026 07:31pm

South Asia

KFC India operator Sapphire Foods logs second quarterly loss after Devyani merger

The franchisee for U.S.-based Yum Brands reported a consolidated net loss of 126.1 million Indian rupees

Published 28 Apr, 2026 07:27pm

Stocks

Gulf stocks mixed on geopolitical caution

Saudi Arabia’s benchmark index edged 0.1% higher

Published 28 Apr, 2026 06:37pm

Markets

Chinese EV giant BYD reports 55% drop in Q1 net profit

Shenzhen-based EV and battery giant achieves 4.08 billion yuan ($598 million) profit during first three months of the year

Published 28 Apr, 2026 06:25pm

Companies

LHC dismisses Honda Atlas appeal against CCP enquiry

Court rejects attempts to challenge CCP jurisdiction at an advanced stage of proceedings

Published 28 Apr, 2026 06:21pm

Companies

India Nayara's refinery to resume operations from mid-May

Nayara Energy has fully shut its 400,000-barrels-per-day refinery for maintenance

Published 28 Apr, 2026 06:02pm

Stocks

Sri Lankan shares end flat as healthcare, energy losses offset gains

CSE All Share index settled up 0.03% at 22,620.15

Published 28 Apr, 2026 05:59pm

Financial

India 10-year yield at three-week peak as oil tops $110

Benchmark 6.48% 2035 bond yield jumped 4 basis points to end at 6.9837%

Published 28 Apr, 2026 05:56pm

Energy

India douses fears of retail fuel price hike amid panic buying

India’s crude import prices rose to $120 per barrel earlier this month

Published 28 Apr, 2026 05:50pm

Energy

UAE leaves OPEC and OPEC+ in huge blow to global oil producers' group

OPEC Gulf producers struggling to ship exports through Strait of Hormuz

Updated 28 Apr, 2026 08:33pm

Companies

GWM begins local assembly of Tank 500 PHEV in Pakistan

Great Wall Motor (GWM), in partnership with Sazgar Engineering Works Limited, has commenced local assembly of its...

Published 28 Apr, 2026 05:26pm

Companies

Maruti Suzuki profit misses estimates as cost surge, fall in other income squeezes margins

The Swift maker posted profit of 35.91 billion Indian rupees for the quarter ended

Published 28 Apr, 2026 05:13pm

Commodities

India turns net exporter of finished steel in 2025/26, data shows

New Delhi imported 6.5 million tons of finished steel during the fiscal year 2025/26, down 31.7% from a year earlier

Published 28 Apr, 2026 05:09pm

Markets

Temasek, LIC, Canadian pension fund in line-up to sell stakes in India's NSE IPO, sources say

The share sale by India's largest exchange would have a value of $2.75 billion

Published 28 Apr, 2026 05:02pm

Commodities

Copper slips to two-week low on stronger dollar, worries about inflation

Benchmark three-month copper on the London Metal Exchange was 0.9% lower at $13,089.50 a metric ton

Published 28 Apr, 2026 04:56pm

Commodities

Palm muted as strong crude offsets weaker Dalian palm olein

Dalian's most-active soyoil contract rose 0.14%

Published 28 Apr, 2026 04:53pm

Markets

SBP announces bank holiday on May 1st

The State Bank of Pakistan (SBP) has announced that it will remain closed on May 1, 2026 (Friday) being public...

Published 28 Apr, 2026 04:46pm

Companies

Castrol India posts higher quarterly profit on rural demand, industrial segment strength

The lubricant maker’s profit after tax rose to 2.42 billion Indian rupees in the quarter ended

Published 28 Apr, 2026 04:37pm

Companies

Russia's Rosatom begins loading fuel into Bangladesh's first nuclear plant

The move is the first step in the reactor’s start-up phase

Published 28 Apr, 2026 04:34pm

Markets

EQT-backed IT firm Virtusa seeks $1 billion in India IPO, sources say

The company is looking to raise at least $1 billion

Published 28 Apr, 2026 04:29pm

Stocks

Indian shares fall as banks drag; oil tops $110

Nifty 50 fell 0.4% to 23,995.70, while the BSE Sensex shed 0.54% to 76,886.91

Published 28 Apr, 2026 04:23pm

Forex

Indian rupee falls to near one-month low as oil strain, importer hedging pile pressure

Indian rupee touched a low of 94.5750 per dollar

Published 28 Apr, 2026 04:20pm

Exchange

Rupee registers gain against US dollar

Settles at 278.81 against greenback

Updated 28 Apr, 2026 06:45pm

Business & Finance

Issuance of Panda bond 'in final stages', says Aurangzeb

Pakistan is preparing to tap international capital markets with a diversified fundraising strategy, as Finance...

Published 28 Apr, 2026 02:54pm

Currency

Currency dealers meet Pakistan’s crypto chief

The Exchange Companies Association of Pakistan (ECAP) leadership held a meeting with Chairman Pakistan Virtual...

Published 28 Apr, 2026 01:55pm

Companies

European cos' keen to expand footprint in Pakistan

European firms have signalled strong interest in expanding their footprint in Pakistan, with leading companies...

Published 28 Apr, 2026 01:35pm

Commodities

Gold price per tola drops Rs8,900 in Pakistan

Silver stood at Rs7,811 per tola

Updated 28 Apr, 2026 07:33pm

Markets

IMF’s Executive Board to discuss Pakistan on May 8

The board is set to deliberate final approval for the release of the next $1.21 billion tranche

Updated 28 Apr, 2026 05:02pm

Mutual Funds

Benchmark Japanese bond yields rise towards 29-year high ahead of BOJ

The benchmark 10-year JGB yield rose 0.5 basis point (bp) to 2.475% in early trading, closing in on the 2.49% level hit earlier this month

Published 28 Apr, 2026 11:51am

Stocks

South Korean shares hit record high with earnings in focus

The benchmark KOSPI was up 80.04 points, or 1.21%, at 6,695.07

Published 28 Apr, 2026 11:38am

Forex

Thai baht/US dollar weaker on Tuesday

The baht was 0.26% lower at 32.41 versus the dollar, after trading in a range of 32.340 to 32.475

Published 28 Apr, 2026 11:33am

Commodities

Chicago corn hits one-month high on strong export demand, weather woes

Soybeans fell 0.34% to $11.88 a bushel, but remained near a six-week high

Published 28 Apr, 2026 11:29am

Commodities

Aluminium slides as new Iranian proposal revives hopes of renewed peace talks

The most-traded aluminium contract on the Shanghai Futures Exchange lost 1.5% at 24,590 yuan per metric ton

Published 28 Apr, 2026 11:16am

Mutual Funds

Indian bonds seen under pressure as US-Iran peace talks stall

The benchmark 6.48% 2035 bond yield is expected to drift within the 6.92%-6.96% range

Published 28 Apr, 2026 11:14am

Commodities

Palm oil rangebound as firmer crude counters weaker Dalian rivals

The contract declined 1.37% in the previous session

Published 28 Apr, 2026 11:12am

Markets

BOJ keeps rates steady but 3 board members dissent, call for hike

As widely expected, the central bank left unchanged its short-term policy rate at 0.75% in a two-day meeting that ended on Tuesday

Published 28 Apr, 2026 11:10am

Forex

China's yuan steady as traders await Fed meet

The spot yuan was 0.04% lower at 6.8305 against the dollar, after trading in a range of 6.8270 to 6.8313

Published 28 Apr, 2026 11:08am

Commodities

Iron ore falls as China allows purchases of banned BHP portside cargo

The benchmark May iron ore on the Singapore Exchange was 0.82% lower at $106 a ton

Published 28 Apr, 2026 10:33am

Energy

China’s Wasion secures over $16mn smart meter project in Pakistan

China’s Wasion Holdings Limited has secured smart metering contracts in Pakistan worth over RMB115 million,...

Published 28 Apr, 2026 10:29am

Forex

Australian dollar slip from 36-year peak on yen as BOJ holds rates

The Aussie slipped 0.3% to 114.22 yen, having hit a 36-year peak of 114.7 yen

Published 28 Apr, 2026 10:23am

Energy

UAE's ADNOC to invest tens of billions to build US gas business, FT reports

The strategy is to diversify XRG's commodity exposure by operating across the entire gas value chain, Siddiqui added

Published 28 Apr, 2026 10:21am

Stocks

Nikkei slips from record high, JGBs wobble on BOJ's hawkish hold

The broader Topix climbed 0.78% to 3,764.51

Published 28 Apr, 2026 10:19am

Markets

Novartis Q1 profit down on US generic erosion

Quarterly group operating income, adjusted for special items, came in at $4.9 billion

Published 28 Apr, 2026 10:13am

Markets

Green Sukuks: Islamic banking’s role in financing a sustainable Pakistan

Climate change is no longer a distant concern—it is a pressing reality that is reshaping global finance. As...

Updated 28 Apr, 2026 03:34pm

Stocks

Selling continues unabated, KSE-100 settles with nearly 1,100 points loss

Benchmark index settles at 168,412.23

Updated 28 Apr, 2026 06:20pm

Business & Finance

CCP identifies key drivers behind rising cement prices

ISLAMABAD: The Competition Commission of Pakistan (CCP) has identified heavy taxation, regulatory distortions, and...

Published 28 Apr, 2026 08:24am

Industry

Business and industrial community rejects hike in policy rate

KARACHI: Business and industrial community has reacted sharply over increase of one percent interest rate, saying...

Published 28 Apr, 2026 08:24am

Companies

IMC reports unaudited financial results for nine months

KARACHI: Indus Motor Company Limited (IMC) has announced its unaudited financial results for the nine months ended...

Published 28 Apr, 2026 08:19am

Companies

KE Ventures appoints Adeeb Ahmad as CEO

KARACHI: In a step towards diversifying services beyond core utility operations, the Board of Directors of KE...

Published 28 Apr, 2026 08:17am

Forex

Indian rupee faces pressure from stubbornly high oil, weak Asian peers

The Indian rupee is expected to open ‌in the 94.25-94.30 range, according to traders, having settled marginally higher at 94.19 on Monday

Published 28 Apr, 2026 08:16am

Business & Finance

Imported resin: Customs values for various varieties issued

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has issued new Customs values of different...

Published 28 Apr, 2026 08:15am

Business & Finance

Virtual assets pact or pilot project: Prior authorization is a must: PVARA

ISLAMABAD: The Pakistan Virtual Assets Regulatory Authority (PVARA) said on Monday that any agreement or pilot...

Published 28 Apr, 2026 08:13am

Pakistan

NIC Islamabad welcomes Cohort 5

ISLAMABAD: The National Incubation Centre Islamabad (NIC Islamabad) officially launched its Cohort 5 Orientation...

Published 28 Apr, 2026 08:11am

Stocks

Indian shares set to open lower as rising oil prices dampen sentiment

GIFT Nifty futures were trading ‌at 24,002 points

Published 28 Apr, 2026 07:45am

Energy

Oil prices rise 3% as Iran war stand-off persists

Brent crude futures for June climbed $3.28, or 3.03%, to $111.51 a barrel

Updated 28 Apr, 2026 05:32pm

Stocks

Asian stocks meander ahead of tech earnings, BOJ awaits

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.12%, hovering near the record high it touched on Monday

Published 28 Apr, 2026 07:35am

Forex

Yen steady as BOJ kicks off big week for central banks

*The yen was flat against the dollar at 159.49 yen

Published 28 Apr, 2026 07:30am

Bullion Rate

Gold edges down with US-Iran talks, central bank decisions in focus

Spot gold was down 0.2% at $4,670.89 per ounce

Published 28 Apr, 2026 06:05am

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
First IBL Mod. / Jul 27 First IBL Modaraba(FIBLM)	16.67 ▲ 1.52 (10.03%)
Oilboy Energy / Jul 27 Oilboy Energy Limited(OBOY)	16.71 ▲ 1.52 (10.01%)
Ashfaq Textile / Jul 27 Ashfaq Textile Mills Limited(ASHT)	34.64 ▲ 3.15 (10%)
Fateh Sports / Jul 27 Fateh Sports Wear Limited(FSWL)	189.95 ▲ 17.27 (10%)
Metro Steel / Jul 27 Metropolitan Steel Corporation Limited(MSCL)	24.65 ▲ 2.24 (10%)
Dadabhoy Cement / Jul 27 Dadabhoy Cement Industries Limited(DBCI)	20.82 ▲ 1.89 (9.98%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	61.48 ▲ 5.5 (9.82%)
Suhail Jute / Jul 27 Suhail Jute Mills Limited(SUHJ)	221 ▲ 19.1 (9.46%)
Sitara Energy / Jul 27 Sitara Energy Limited(SEL)	30.97 ▲ 2.58 (9.09%)
AN Textile Mills / Jul 27 AN Textile Mills Limited(ANTM)	59 ▲ 4.9 (9.06%)

Stock	Price
Aisha Steel(ConPS) / Jul 27 Aisha Steel(ConPS)(ASLPS)	21.77 ▼ -2.42 (-10%)
Olympia Mills / Jul 27 Olympia Mills Limited(OML)	155.93 ▼ -17.33 (-10%)
Karam Ceramics / Jul 27 Karam Ceramics Limited(KCL)	127.26 ▼ -14.11 (-9.98%)
Asia Ins. / Jul 27 Asia Insurance Company Limited(ASIC)	49.49 ▼ -5.46 (-9.94%)
Khyber Textile / Jul 27 Khyber Textile Mills Limited(KHYT)	1,930 ▼ -159.08 (-7.61%)
The Thal Ind.Corp. / Jul 27 The Thal Industries Corporation Limited(TICL)	1,010.01 ▼ -77.64 (-7.14%)
JS Investments / Jul 27 JS Investments Limited(JSIL)	41.51 ▼ -3.07 (-6.89%)
Dawood Equities / Jul 27 Dawood Equities Limited(DEL)	19.22 ▼ -1.23 (-6.01%)
Pak Gulf Leasing / Jul 27 Pak-Gulf Leasing Company Limited(PGLC)	15.01 ▼ -0.9 (-5.66%)
Adamjee Life Assur. / Jul 27 Adamjee Life Assurance Company Limited(ALIFE)	30.50 ▼ -1.76 (-5.46%)

Stock	Volume
Media Times Ltd / Jul 27 Media Times Limited(MDTL)	12,034,897 ▲ 0.22
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	10,394,129 ▲ 0.37
TPL Properties / Jul 27 TPL Properties Limited(TPLP)	7,296,380 ▲ 0.28
TPL Corp Ltd / Jul 27 TPL Corp Limited(TPL)	6,741,445 ▲ 1.09
Trust Sec.& Brok. / Jul 27 Trust Securities & Brokerage Limited(TSBL)	4,193,936 ▲ 0.07
Maple Leaf Cement / Jul 27 Maple Leaf Cement Factory Limited(MLCF)	3,968,504 ▲ 5.08
Kohinoor Spinning / Jul 27 Kohinoor Spinning Mills Limited(KOSM)	3,837,264 ▲ 0.22
B.O.Punjab / Jul 27 The Bank of Punjab(BOP)	3,549,503 ▲ 1.22
Sui South Gas / Jul 27 Sui Southern Gas Company Limited(SSGC)	2,653,172 ▲ 1.05
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	2,370,199 ▲ 1.36

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