News Archives for Business & Finance - 2026-05-13

<<>>

Business & Finance - 2026-05-13

Money & Banking

Fed's Collins says rate hikes may be needed to quell inflation

Boston Federal Reserve President Susan Collins said on Wednesday the U.S. central bank may need to raise interest...

Published 13 May, 2026 09:38pm

Markets

Indian drugmaker Cipla's fourth-quarter profit misses view on weak US sales

Cipla, India’s third-largest drugmaker by revenue, reported a weaker-than-expected fourth-quarter profit on...

Published 13 May, 2026 09:10pm

Companies

Govt weighs AI-based tax enforcement, digital monitoring reforms for budget

FBR proposes AI and digital systems to detect false tax data, curb evasion, and modernize administration, ensuring a business-friendly, transparent approach.

Published 13 May, 2026 07:13pm

Middle East

Air India cuts international flights amid Middle East conflict

BENGALURU: Air India will temporarily cut flights on several international routes between June and August, it said...

Published 13 May, 2026 07:11pm

Exchange

Rupee inches up against US dollar

Settles at 278.65 against greenback

Updated 13 May, 2026 06:51pm

Stocks

Most Gulf markets gain with Iran ceasefire in focus ahead of Trump's China trip

Saudi Arabia’s benchmark index gained 0.2%

Published 13 May, 2026 03:35pm

Companies

India's TVS Motor misses quarterly profit view on higher costs

TVS Motor’s two-wheeler sales rose 27% year-on-year

Published 13 May, 2026 03:31pm

Companies

India's HPCL Q4 profit rises on strong refining margins, steady fuel demand

Sale of products rose 4.5% to 1.23 trillion Indian rupees

Published 13 May, 2026 03:28pm

Energy

Prime Minister Modi cuts size of his motorcade to save fuel, source says

Higher oil prices threaten to widen the country’s current account deficit, hurt growth, and stoke inflation

Published 13 May, 2026 03:25pm

Commodities

Gold price per tola drops by Rs1,100 in Pakistan

International rate of gold declines by $11 to reach $4,690 per ounce

Updated 13 May, 2026 06:39pm

Companies

Paramount defends Warner bid amid California probe

The new company “will have every incentive to get more films into wider distribution on more movie theater screens

Published 13 May, 2026 02:28pm

Business & Finance

Pakistan’s economy expands to $452bn as GDP grows 3.99% in Q3 FY26

Pakistan's economy is on an upward trajectory in Q3, largely propelled by significant industrial sector gains

Updated 13 May, 2026 05:35pm

Business & Finance

US seeks expanded economic cooperation with Pakistan

Acknowledges Pakistan’s ongoing economic reforms and commitment to an investor-friendly environment

Published 13 May, 2026 01:57pm

Stocks

European shares rise as oil prices slip on fragile US-Iran ceasefire

Pan-European STOXX 600 was up 0.7% at 611.06 points

Published 13 May, 2026 12:55pm

Markets

India central bank governor says may need to act if inflation pressures deepen

The government may need to hike fuel prices if the conflict in the Middle East drags on

Published 13 May, 2026 12:53pm

Commodities

Japan rubber futures rise on weather-related supply woes

OSE rubber contract for October delivery closed 11.4 yen, or 2.77% higher, at 422.9 yen per kg

Published 13 May, 2026 12:50pm

Companies

MSCI adds 1 Pakistani co to Frontier Market Index, 3 to FM Small Cap Index

Morgan Stanley Capital International (MSCI) Inc., a leading provider of critical decision support tools and...

Published 13 May, 2026 12:49pm

Commodities

Copper advances as investors buy over supply concerns

Benchmark three-month copper on the LME rose 0.83% to $14,137.50 a metric ton

Published 13 May, 2026 12:46pm

Business & Finance

Minister urges port expansion, stronger logistics to meet rising trade demand

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry chairs a high-level meeting focused on boosting operational efficiency, enhancing feeder connectivity, and streamlining procedures for seamless maritime trade

Published 13 May, 2026 12:46pm

Forex

Indian rupee treads water as outflows blunt relief from gold import duty hike

The Indian rupee is at 95.69 per dollar

Published 13 May, 2026 12:19pm

Stocks

Asia stocks turn green as AI cheer trumps Iran, inflation gloom

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

Published 13 May, 2026 12:15pm

Commodities

India's April palm oil imports fall 26% to four-month low on weak demand

India's palm oil imports in April fell to 513,403 metric tons

Published 13 May, 2026 12:11pm

Energy

Treet launches lithium-ion battery products amid solar rush in Pakistan

With 33 gigawatts of solar installed, Treet Battery introduces "Lithion NeoPower" to power Pakistan's growing alternative energy sector

Published 13 May, 2026 12:05pm

Budgets

Pakistan, IMF discuss upcoming federal budget

Aurangzeb appreciated the Fund’s continued engagement and constructive dialogue with the government

Updated 13 May, 2026 12:19pm

South Asia

US to impose visa curbs on 13 people linked to Indian firm over fentanyl

'Illicit fentanyl is killing too many Americans,' State Department spokesperson

Published 13 May, 2026 11:36am

Commodities

India raises gold and silver tariffs to 15% to curb imports, support Indian rupee

Higher duties could dampen demand in the world's second-largest consumer of precious metals

Published 13 May, 2026 11:14am

Business & Finance

PPL enhances well output after workover operation

Say well boosting oil production from 200 bpd to 850 bpd and adding 1 MMscfd gas after sidetracking operations, completed in just 28 days

Published 13 May, 2026 11:12am

Commodities

Gold slips as firm US inflation data weighs on Fed rate-cut hopes

Spot gold fell 0.3% to $4,702.09 per ounce

Published 13 May, 2026 11:05am

Financial

India bonds rise on bets of more supportive measures; oil tempers optimism

Benchmark 6.48% 2035 bond yield was at 7.0345%

Published 13 May, 2026 11:02am

Commodities

Palm extends losses to second day as weak demand weighs

Dalian’s most-active soyoil contract was unchanged at RMB 8,547

Published 13 May, 2026 10:56am

Companies

Zurich Insurance posts higher first-quarter property and casualty gross written premiums

Zurich Insurance’s results echoed those of its French peer, Axa and Munich-based Allianz

Published 13 May, 2026 10:54am

Companies

Allianz posts 52% rise in profit, as expected, and to meet 2026 goal

Net profit attributable to shareholders of 3.690 billion euros

Published 13 May, 2026 10:50am

Stocks

Australian shares hit 1-month low as banks drag on budget reforms; CBA drops on profit miss

S&P/ASX 200 index fell 0.5% to 8,631.8

Published 13 May, 2026 10:47am

Stocks

Japan's Nikkei reverses early fall as Kioxia rebounds

Nikkei climbed 0.84% to close at 63,272.11 after falling as much as 0.67% earlier

Updated 13 May, 2026 12:07pm

Stocks

Indian shares inch higher after 4-day decline, Mideast risks cap gains

Nifty 50 rose 0.3% to 23,450.25

Published 13 May, 2026 10:43am

Stocks

Shanghai stocks hit 11-year highs in AI frenzy ahead of Trump-Xi meeting

Shanghai Composite Index opened lower but ended the session up 0.7%

Updated 13 May, 2026 03:19pm

Forex

Dollar near one-week high as hot U.S. inflation fans Fed hike bets, peace talks stall

The euro stood at $1.1735 and the sterling traded at $1.3532

Published 13 May, 2026 10:35am

Energy

Oil little changed as Trump arrives in China; US oil stocks fall more than expected

Brent crude futures were down 15 cents, or 0.1%, to $107.62 a barrel at 1503 GMT

Updated 13 May, 2026 09:37pm

Companies

Chinese textile giant sets up major Pakistan manufacturing facility, eyes $500mn annual exports

Chinese firm Challenge Fashion is investing heavily in Pakistan's textile sector, with plans for major manufacturing expansion

Published 13 May, 2026 10:09am

Stocks

Selling continues at bourse, KSE-100 sheds nearly 1,500 points

Benchmark index settles at 167,451.13

Updated 13 May, 2026 06:04pm

Business & Finance

Pakistan receives $1.3 billion from IMF: SBP

Says amount to be reflected in SBP’s foreign exchange reserves for the week ending on May 15, 2026

Updated 13 May, 2026 07:28pm

Business & Finance

Customs values of solar panels increased

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has increased the customs values of solar panels...

Published 13 May, 2026 07:04am

Industry

APTMA urges Punjab govt to withdraw PIDC Bill 2026

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has urged the Punjab government to withdraw the Punjab...

Published 13 May, 2026 07:01am

Business & Finance

Shariah Governance Regulations: SECP proposes major changes

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed major changes in the Shariah...

Published 13 May, 2026 06:59am

Energy

Oil settles higher

NEW YORK: Oil prices settled higher for the third consecutive session on Tuesday as stark differences between the US...

Updated 13 May, 2026 07:03am

Pakistan

Sindh governor seeks Chinese investment

KARACHI: Sindh Governor Syed Muhammad Nihal Hashmi on Tuesday invited Chinese investors to take advantage of the...