News Archives for Business & Finance - 2026-04-30

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Business & Finance - 2026-04-30

Business & Finance

Pakistan govt hikes petrol price by Rs6.51, diesel by Rs19.39 per litre

New prices come into effect from May 1

Updated 30 Apr, 2026 11:18pm

Money & Banking

Bank of England hold rate steady, signals possible hikes

LONDON: The Bank of England on Thursday left its benchmark interest rate unchanged at 3.75 percent, but signalled...

Published 30 Apr, 2026 10:51pm

Money & Banking

ECB warns of risks from Mideast war as it holds rates

FRANKFURT: The European Central Bank held interest rates steady on Thursday and warned of growing risks to the...

Published 30 Apr, 2026 10:48pm

Markets

Finance ministry sees April inflation at 8-9%

Economic activity likely to remain firm despite expected surge in inflation rate, geopolitical tension in Middle East, ministry says in its Monthly Economic Update & Outlook

Published 30 Apr, 2026 10:38pm

Business & Finance

PIA set for full privatisation as consortium moves to acquire remaining stake

Total private-sector investment in the transaction is estimated at around Rs180 billion

Published 30 Apr, 2026 09:55pm

Companies

Unilever's India unit hikes prices, cuts costs to offset war-led strain; Q4 profit up

Material cost inflation is roughly at 8% to 10%

Published 30 Apr, 2026 09:51pm

Money & Banking

StanChart to sell bulk of Indian credit cards to Federal Bank

The deal with the Kerala-based Federal Bank is expected to close by the end of 2026

Published 30 Apr, 2026 09:47pm

Companies

Truck rentals in India fall due to low industry activity

Increased arrivals of wheat, pulses and summer fruits and vegetables boosted agri-logistics demand by 20% to 25%

Published 30 Apr, 2026 09:44pm

Companies

PTCL refutes reports of potential change in investment position of e& in Pakistan

Says 'unverified information' may lead to unnecessary market speculation

Published 30 Apr, 2026 07:26pm

Companies

Indian cement maker ACC's profit falls as costs squeeze margins

Revenue rose 17.6% to 70.54 billion Indian rupees

Published 30 Apr, 2026 07:00pm

Business & Finance

SBP-held foreign exchange reserves rise by $730mn to $15.83bn

Total liquid foreign exchange reserves reach $21.27 billion

Updated 30 Apr, 2026 10:58pm

Companies

Indian Godrej Agrovet profit jumps on core business growth, land sale gain

Consolidated profit stood at 1.05 billion Indian rupees

Published 30 Apr, 2026 06:53pm

Stocks

Gulf shares slip on report of potential US military action against Iran

The Abu Dhabi benchmark index dropped 1.2%

Published 30 Apr, 2026 06:46pm

Money & Banking

India considers stronger safeguards as online fraud surges

NEW DELHI: India’s central bank is seeking recommendations to tackle a surge in online fraud as scammers siphon off...

Published 30 Apr, 2026 06:43pm

Commodities

Indian April gold imports fall to near 30-year low as tax demand hits shipments

Banks do not clear any gold from customs this month. A small quantity is cleared via the India International Bullion Exchange

Published 30 Apr, 2026 06:37pm

Financial

India central bank's FX forward book balloons to over $100 billion as Iran war pummels Indian rupee

The RBI’s short-dollar forward book expanded by $26.5 billion month-on-month

Published 30 Apr, 2026 06:30pm

Business & Finance

New shareholder added: Fauji Fertilizer becomes part of PIA Equity Limited

PIA Equity Limited now owns 100% of Pakistan International Airlines

Published 30 Apr, 2026 05:55pm

South Asia

India's Adani Ports sees slower core earnings growth for fiscal 2027

The company’s core earnings for 2026 rose 20% to $2.41 billion from a year ago

Published 30 Apr, 2026 05:35pm

Stocks

IT, financials lead Sri Lankan shares lower

CSE All Share index settled down 0.38% at 22,549.53

Published 30 Apr, 2026 05:32pm

Commodities

Asia rice: Muted demand, weak rupee push India prices lower

India’s 5% broken parboiled variety was quoted this week at $337-$344 per ton

Published 30 Apr, 2026 05:27pm

Financial

India bonds return near March-end lows after volatile month; oil, Treasuries add to downside risks

Benchmark 6.48% 2035 bond yield closed at 7.0148%

Published 30 Apr, 2026 05:17pm

Commodities

Copper climbs on China data; nickel set for best month in 2 years

Benchmark three-month copper on the London Metal Exchange was up 0.9% at $13,119.50 a metric ton

Published 30 Apr, 2026 05:04pm

Middle East

Rating firm Fitch sees no near-term impact of UAE exit from OPEC

'In the near term it doesn’t make any difference at all,' Paul Gamble says

Published 30 Apr, 2026 04:42pm

Commodities

Palm oil reverses earlier gains and posts a weekly decline

Dalian's most-active soyoil contract rose 0.64%

Published 30 Apr, 2026 04:35pm

Markets

India's markets regulator approves change of control at RBL Bank in Emirates NBD stake deal

RBL says the deal remains subject to other regulatory approvals and conditions

Published 30 Apr, 2026 04:30pm

Forex

Indian rupee's slide to record low puts Indian central bank back on the defensive

The currency fell to 95.33 per dollar

Published 30 Apr, 2026 04:25pm

Stocks

Indian shares log best month in over two years as earnings, valuations temper oil-driven risks

Nifty 50 fell 0.74% to 23,997.55 and the BSE Sensex shed 0.75% to 76,913.50

Published 30 Apr, 2026 04:20pm

Exchange

Rupee inches upward against US dollar

Settles at 278.77 against greenback

Updated 30 Apr, 2026 08:59pm

Business & Finance

SIFC-backed DRAP lab secures World Health Organization nod

The Drug Regulatory Authority of Pakistan (DRAP)’s first drug testing laboratory has secured prequalification from...

Published 30 Apr, 2026 03:57pm

Business & Finance

Sultana Siddiqui appointed HUM Network chairperson

HUM Network Limited announced on Thursday the resignation of Sultana Siddiqui from the post of President &...

Updated 04 May, 2026 12:57pm

Commodities

Gold price per tola gains Rs4,400 in Pakistan

Gold prices in Pakistan increased on Thursday in line with their gain in the international market. In the local...

Updated 30 Apr, 2026 09:18pm

Commodities

Dalian iron ore firms on upbeat China factory activity data

Markets in China will be closed from May 1 to 5 for holidays

Published 30 Apr, 2026 01:45pm

Money & Banking

PM Shehbaz launches housing finance scheme

Prime Minister Shehbaz Sharif on Thursday launched the “Wazir-e-Azam Apna Ghar Program – Ghar Ho Tu Apna” housing...

Published 30 Apr, 2026 12:31pm

Stocks

South Korean shares dip as higher oil prices fuel slowdown concerns

The benchmark KOSPI was down 19.60 points, or 0.29%, at 6,671.30

Published 30 Apr, 2026 12:31pm

Forex

Thai baht/US dollar steady on Thursday

The baht was 0.03% higher at 32.74 versus the dollar, after trading in a range of 32.730 to 32.840

Published 30 Apr, 2026 12:27pm

Money & Banking

Govt raises Rs114bn in third Hybrid Sukuk auction

The government has raised Rs114.347 billion through the third auction of its Hybrid Sukuk. The auction, conducted...

Published 30 Apr, 2026 12:21pm

Markets

Volkswagen reports profit decline in first quarter

The German auto group, which includes subsidiaries Porsche and Audi

Published 30 Apr, 2026 11:48am

Commodities

Palm oil rises, on track for second straight weekly gain

The futures have gained 0.33% so far this week and are on track for their second consecutive weekly advance

Published 30 Apr, 2026 11:45am

Commodities

Wheat climbs on weather worries, soybeans follow crude higher

Soybeans hit their highest level in more than six weeks, tracking higher crude oil prices

Published 30 Apr, 2026 11:43am

Markets

China's April factory activity expands despite Middle East war

That figure fell from 50.4 in March, but was ahead of a forecast of 50.1 in a Bloomberg survey of economists

Published 30 Apr, 2026 11:15am

Markets

BNP Paribas posts record Q1 net profit

The company’s asset management, insurance and savings arms saw a 32.8 percent jump to 1.9 billion euros

Published 30 Apr, 2026 11:13am

Stocks

Japan's Nikkei drops as Middle East conflict, mixed earnings weigh

The Nikkei 225 Index was down 0.8% at 59,427.56, ahead of a midday recess. The broader Topix slid 1.4% to 3,719.52

Published 30 Apr, 2026 10:54am

Commodities

Copper firms on upbeat China factory data, supply disruption woes

Benchmark three-month copper on the London Metal Exchange rose 0.5% to $13,070 per metric ton

Published 30 Apr, 2026 10:52am

Forex

Australia, NZ dollars jolted as US rate outlook shifts

The Aussie was stuck at $0.7124, having retreated 0.9% the previous session to as low as $0.7102

Published 30 Apr, 2026 10:46am

Stocks

Australian shares extend losses as miners, Woolworths slump

The S&P/ASX 200 index was down 0.5% at 8,643.40 points

Published 30 Apr, 2026 10:35am

Energy

No peak-hour load management amid improved generation, says PD

The Power Division (PD) said on Thursday that the country witnessed no load management during peak hours on the...

Published 30 Apr, 2026 10:27am

Stocks

Chinese tech shares jump, Hong Kong falls as Fed flags inflation concerns

The benchmark Shanghai Composite index inched up by 0.09%, while the blue-chip CSI300 Index lost 0.01%

Published 30 Apr, 2026 10:26am

Forex

China's yuan briefly hits three-week low, set for monthly gain

Onshore yuan slipped to a low of 6.8433 per dollar, its the weakest level since April 7

Published 30 Apr, 2026 10:23am

Companies

AGP Limited to manufacture, market Viagra in Pakistan

AGP Limited, a Pakistani pharmaceutical company, has approved an arrangement with an associated company to...

Published 30 Apr, 2026 10:15am

Stocks

Selling continues, KSE-100 loses over 2,800 points

Benchmark index settles at 162,994.17

Updated 30 Apr, 2026 06:38pm

Stocks

Indian shares set to open lower as oil surge weighs on sentiment

GIFT Nifty futures were trading at 24,119.50 points

Published 30 Apr, 2026 08:00am

Forex

Indian rupee to encounter fresh strain as Fed's hawkish tilt compounds oil pain

The rupee is expected ‌to open in the 94.90-94.95 range, traders said, after settling at 94.8450 on Wednesday

Published 30 Apr, 2026 07:56am

Bullion Rate

Gold rebounds from one-month low on softer dollar

Spot gold ‌was up 0.6% at $4,566.73 per ounce

Published 30 Apr, 2026 07:54am

Stocks

Tech shares rise in Asia, bonds scarred by central bank hawks as oil spikes

*MSCI's broadest index of Asia-Pacific shares outside Japan was flat on Thursday

Published 30 Apr, 2026 07:48am

Forex

Dollar holds firm after Fed raises inflation alarm, yen slips past 160

The Australian dollar fetched $0.71285 , and the New Zealand dollar traded at $0.58394 , both up roughly 0.2%

Published 30 Apr, 2026 07:42am

Energy

Oil retreats after hitting four-year high on concern of US-Iran war escalation

Global oil benchmark Brent crude futures rose as high as $126.41 a barrel

Updated 30 Apr, 2026 07:06pm

Companies

CCP approves acquisition of PIACL by PIA Equity Ltd

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Pakistan...

Published 30 Apr, 2026 07:28am

Companies

ZTBL sell-off: PC Board clears transaction structure, revamp plan

ISLAMABAD: The Privatisation Commission (PC) Board, in its 251st meeting held on Wednesday under the chairmanship of...

Published 30 Apr, 2026 07:13am

Companies

Sitara to expand retail network with Rs4.8bn IPO funding

KARACHI: Sitara Petroleum Service Limited plans to expand its retail network to over 100 fuel stations within the...

Published 30 Apr, 2026 07:11am

Business & Finance

New investment initiatives reviewed: Sindh CM-led Thar Coal Board approves tariff decisions

KARACHI: Marking significant progress in Pakistan’s indigenous energy sector, Sindh Chief Minister Syed Murad Ali...

Published 30 Apr, 2026 07:09am

Pakistan

Sections 4b and 4c of ITO 2001: FCC issues detailed judgement on Super Tax

ISLAMABAD: The Federal Constitutional Court (FCC) on Wednesday issued a detailed judgment on Super Tax levied under...

Published 30 Apr, 2026 07:07am

Companies

SCP delivers profit before tax of Rs11.7bn

KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a Profit...

Published 30 Apr, 2026 07:00am

Business & Finance

Investors told mineral potential remains underexplored

ISLAMABAD: Pakistan on Wednesday told European investors that its vast mineral potential remains largely...

Updated 30 Apr, 2026 09:14am

Taxes

FTO exposes case of ‘cyber intrusion’ into tax system

ISLAMABAD: The Federal Tax Ombudsman (FTO) has brought to light a significant case of alleged cyber intrusion into...

Published 30 Apr, 2026 06:00am

Money & Banking

JS Bank reports profit after tax of Rs1.045bn in Q1 2026

KARACHI: JS Bank Limited on Wednesday announced its financial results for the quarter ended March 31, 2026,...

Published 30 Apr, 2026 06:00am

Industry

Sindh governor apprised of issues facing Gwadar traders in Karachi

KARACHI: A delegation of the Gwadar Chamber of Commerce and Industry, led by it’s founding President Faisal Dashti,...

Published 30 Apr, 2026 06:00am

Business & Finance

OPEC+ helps stabilise global energy markets: Kremlin

MOSCOW: Russia plans to stay in OPEC+ despite a decision by the United Arab Emirates to leave, the Kremlin said on...

Published 30 Apr, 2026 06:00am

Companies

TotalEnergies to wait for stable strait transit before resuming operations

PARIS: TotalEnergies will not resume Middle East production until shipping transit through the Strait of Hormuz has...

Published 30 Apr, 2026 06:00am

Money & Banking

Quarter ending Mar 31st: Allied Bank posts Rs16.867bn PBT

KARACHI: Allied Bank’s strategic emphasis on sound risk management, balanced portfolio diversification, and prudent...

Published 30 Apr, 2026 06:00am

Companies

PSO demonstrates operational resilience with sustained profitability in 9MFY26

KARACHI: Pakistan State Oil (PSO), the nation’s energy company, has announced its financial results for the nine...

Published 30 Apr, 2026 06:00am

Business & Finance

LCCI warns against proposed new levies on businesses

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) on Tuesday cautioned against proposed new levies on...

Published 30 Apr, 2026 06:00am

Pakistan

Shaza highlights govt’s digital push

ISLAMABAD: Pakistan is seeking to position itself as a regional hub for digital connectivity, logistics, and climate...

Published 30 Apr, 2026 06:00am

Energy

Oil prices rise over 6pc

NEW YORK/LONDON: Oil prices surged over 6 percent on Wednesday to settle at their highest in weeks, as deadlocked...

Published 30 Apr, 2026 06:00am

Business & Finance

President invites greater Chinese investment to priority sectors

SANYA, HAINAN, (CHINA): President Asif Ali Zardari on Wednesday met CEO of Hangzhou Jinjiang Group Wang Jian, and...

Updated 30 Apr, 2026 09:16am

Business & Finance

12 IPPs of 2,577MW set to retire in 10 years: PD

ISLAMABAD: The Ministry of Energy (Power Division) has stated that 12 Independent Power Producers (IPPs), with a...

Updated 30 Apr, 2026 09:14am

Business & Finance

Foreign investors to be provided world-class facilities

ISLAMABAD: Minister for Climate Change, Musadik Masood Malik, reaffirmed that the government is committed to...

Published 30 Apr, 2026 06:00am

Companies

Visa reports sharp surge in consumer spending in Pakistan

KARACHI: Visa reported a sharp surge in consumer spending in Pakistan during the Ramazan and Eid-ul-Fitr period,...

Published 30 Apr, 2026 06:00am

Business & Finance

KPT sets new record by handling 111,300 TEUs in one month

ISLAMABAD: Following the Middle East (ME) crisis, Pakistan’s Karachi Port has set a new record by handling 111,300...

Published 30 Apr, 2026 06:00am

Pakistan

Panel slams OGDCL for overcharging LPG consumers

ISLAMABAD: A parliamentary committee expressed its displeasure at Oil and Gas Development Company (OGDCL) for...

Published 30 Apr, 2026 06:00am

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
Trust Sec.& Brok. / Jul 27 Trust Securities & Brokerage Limited(TSBL)	2.60 ▲ 0.36 (16.07%)
Waves Corporation / Jul 27 Waves Corporation Limited(WAVES)	10.95 ▲ 1 (10.05%)
Cresent Jute / Jul 27 Crescent Jute Products Limited(CJPL)	20.41 ▲ 1.86 (10.03%)
First IBL Mod. / Jul 27 First IBL Modaraba(FIBLM)	16.67 ▲ 1.52 (10.03%)
First Tri-Star Mod. / Jul 27 First Tri-Star Modaraba(FTSM)	34.51 ▲ 3.14 (10.01%)
Oilboy Energy / Jul 27 Oilboy Energy Limited(OBOY)	16.71 ▲ 1.52 (10.01%)
Service Textile / Jul 27 Service Industries Textiles Limited(SERT)	47.92 ▲ 4.36 (10.01%)
Thatta Cement / Jul 27 Thatta Cement Company Limited(THCCL)	65.75 ▲ 5.98 (10.01%)
Crescent Cotton / Jul 27 Crescent Cotton Mills Limited(CCM)	55.61 ▲ 5.06 (10.01%)
Ashfaq Textile / Jul 27 Ashfaq Textile Mills Limited(ASHT)	34.64 ▲ 3.15 (10%)

Stock	Price
Olympia Mills / Jul 27 Olympia Mills Limited(OML)	155.93 ▼ -17.33 (-10%)
TPL Insurance / Jul 27 TPL Insurance Limited(TPLI)	80.32 ▼ -8.92 (-10%)
Asia Ins. / Jul 27 Asia Insurance Company Limited(ASIC)	49.46 ▼ -5.49 (-9.99%)
Ahmad Hassan / Jul 27 Ahmad Hassan Textile Mills Limited(AHTM)	99.92 ▼ -10.62 (-9.61%)
Pakistan Credit Rating Agency / Jul 27 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36.02 ▼ -3.6 (-9.09%)
UDL International / Jul 27 UDL International Limited(UDLI)	19.80 ▼ -1.97 (-9.05%)
Premier Sugar / Jul 27 The Premier Sugar Mills(PMRS)	505.79 ▼ -46.94 (-8.49%)
Sally Textile / Jul 27 Sally Textile Mills Limited(SLYT)	16.34 ▼ -1.31 (-7.42%)
The Thal Ind.Corp. / Jul 27 The Thal Industries Corporation Limited(TICL)	1,017.82 ▼ -69.83 (-6.42%)
Karam Ceramics / Jul 27 Karam Ceramics Limited(KCL)	134.64 ▼ -6.73 (-4.76%)

Stock	Volume
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	135,860,213 ▲ 0.03
Trust Sec.& Brok. / Jul 27 Trust Securities & Brokerage Limited(TSBL)	92,629,988 ▲ 0.36
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	81,338,112 ▲ 0.47
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	59,231,062 ▲ 0.33
TPL Properties / Jul 27 TPL Properties Limited(TPLP)	55,234,210 ▲ 0.21
B.O.Punjab / Jul 27 The Bank of Punjab(BOP)	34,964,351 ▲ 1.97
Media Times Ltd / Jul 27 Media Times Limited(MDTL)	28,843,959 ▼ -0.23
TPL Corp Ltd / Jul 27 TPL Corp Limited(TPL)	27,419,235 ▲ 1.32
Maple Leaf Cement / Jul 27 Maple Leaf Cement Factory Limited(MLCF)	25,438,242 ▲ 8.39
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	18,001,733 ▲ 2.37

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