News Archives for Business & Finance - 2026-05-14

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Business & Finance - 2026-05-14

USA

Trump says China will order 200 Boeing jets

BEIJING: President Donald Trump said Thursday that China had agreed to purchase 200 Boeing jets, speaking of an...

Updated 14 May, 2026 11:50pm

Companies

Air India records annual loss above $2 billion, shareholder results show

NEW DELHI: Air India Group recorded a record loss of more than $2 billion for its 2025-26 fiscal year, according to...

Published 14 May, 2026 09:23pm

Markets

Pakistan issues first Panda Bond in China’s onshore capital market

Inaugural Panda Bond is a 3-year fixed-rate instrument, making it Pakistan’s first-ever RMB-denominated sovereign issuance in China’s onshore capital market, says Advisor to the Finance Minister Khurram Schehzad

Updated 14 May, 2026 10:33pm

Business & Finance

SBP-held foreign exchange reserves rise to $15.87bn

Pakistan's central bank reserves grew to $15.867 billion, a $17 million weekly rise, indicating a positive trend for the country's financial health.

Published 14 May, 2026 07:46pm

Exchange

Rupee inches up against US dollar

Settles at 278.62 against greenback

Updated 14 May, 2026 09:28pm

Companies

Zia Chishti’s claims against TRG Pakistan Limited barred under 2022 release agreement, rules US court

US court confirms Zia Chishti's claims against TRG Pakistan were released under a 2022 agreement, a significant turn in the corporate dispute

Updated 14 May, 2026 05:30pm

Business & Finance

Civil expenditure stands at 12.5%, clarifies govt

Says that after accounting for employee raises and Rs29 billion for EPI, the actual non-employee expenditure increase was a minimal Rs2 billion

Published 14 May, 2026 03:58pm

Markets

Gold per tola gains Rs1,000 in Pakistan

Pakistan's gold market saw prices climb, with per tola up Rs1,000 to Rs492,362, reflecting a $10 rise in international rates

Published 14 May, 2026 03:28pm

Budgets

Ministry of Finance rejects ‘misleading’ reports of Dar taking over budget-making process

Claims that budget-making shifted from the Ministry of Finance are firmly rejected, with Minister Aurangzeb confirmed to lead the ongoing process

Published 14 May, 2026 03:11pm

Industry

Govt considering mandatory SECP registration for housing firms

Proposals regarding reforms in the housing sector were presented in the meeting

Published 14 May, 2026 02:02pm

Markets

India's wholesale inflation quickens to 3-1/2-year high of 8.3% as energy costs soar

Higher gasoline and diesel costs typically push up prices across the economy

Published 14 May, 2026 01:53pm

Commodities

Japan rubber futures decline after speculative rally tempers demand

OSE rubber contract for October delivery declined 3.6 yen, or 0.85%, at 419.3 yen per kg

Published 14 May, 2026 01:36pm

Commodities

Copper falls as investors lock in gains after rally

Benchmark three-month copper on the LME tumbled 1.52% to $13,937.50 a metric ton

Published 14 May, 2026 01:32pm

Stocks

Most Gulf markets gain as investors focus on Trump-Xi meeting

Dubai's main share index eased 0.1%, hit by a 1.6%

Published 14 May, 2026 01:26pm

Stocks

Australian shares flat as bank rebound offsets broader losses; US-China talks in focus

S&P/ASX 200 inched up 10.3 pips, or 0.1%, to 8,640.7

Published 14 May, 2026 12:59pm

Stocks

European shares gain on tech optimism; Mideast developments in focus

Pan-European STOXX 600 was 0.4% higher at 614.05 points

Published 14 May, 2026 12:56pm

Stocks

Japan's Nikkei falls from record as inflation, interest rate concerns mount

Benchmark Nikkei 225 Index fell 1% to close at 62,654.05

Published 14 May, 2026 12:54pm

Stocks

Asia stocks gain on AI enthusiasm as Trump meets Xi

European futures pointed to a strong open while U.S. stock futures were up 0.13%

Published 14 May, 2026 12:41pm

Business & Finance

Pakistan appreciates Qatar’s LNG support, calls for stronger energy cooperation

Pakistan's Minister meets Qatar's ambassador, highlights successful LNG deliveries and close coordination for uninterrupted energy supplies

Published 14 May, 2026 12:39pm

Commodities

Palm slides on Indonesia biofuel allocation uncertainty, export tax

Dalian's most-active soyoil contract fell 0.08%

Published 14 May, 2026 12:24pm

Business & Finance

IP violations costing Pakistan over $3bn annually, reveals OICCI survey

Intellectual property violations are stifling innovation and deterring foreign investment in Pakistan

Published 14 May, 2026 12:16pm

Forex

China's yuan hits 3-year high, stocks dip, as investors await details from Trump-Xi summit

PBOC set the midpoint rate at 6.8401 per dollar

Published 14 May, 2026 12:12pm

Financial

Japan's long-term yield set to test 30-year high of 3% as inflation risks build

Benchmark 10-year JGB yields topped 2.6% on Thursday for the first time since May 1997

Published 14 May, 2026 11:56am

Companies

Foxconn reports forecast-beating 19% jump in Q1 profit on AI demand

Foxconn in April reported a 30% on-year jump in first-quarter revenue

Published 14 May, 2026 11:53am

Commodities

Gold prices edge up on weak dollar as Trump-Xi meeting, Iran war draw focus

Spot gold inched 0.4% higher at $4,706.70 per ounce

Published 14 May, 2026 11:39am

Forex

Indian rupee hits record low as energy risks deepen, central bank likely cushions fall

Indian rupee fell 0.1% to 95.8525 per U.S. dollar

Published 14 May, 2026 11:23am

Companies

Honda posts first annual loss on $9 billion EV writedown costs

Its operating loss totalled 414.3 billion yen for the year ended March

Published 14 May, 2026 11:10am

Stocks

Indian shares edge higher on earnings support; rupee hits record low

Nifty 50 rose 0.28% to 23,480.5

Published 14 May, 2026 11:06am

Asia

China's Xi promises US business leaders greater access in Beijing meeting

Xi Jinping meets with the delegation of CEOs

Published 14 May, 2026 11:02am

Business & Finance

Representatives of leather industry share concerns with Jam Kamal

Facing high costs and complex taxes, Pakistan's leather sector seeks urgent reforms to boost its global export potential and streamline operations

Published 14 May, 2026 11:01am

Business & Finance

Pakistan Marine Academy set to gain degree-awarding status, NA bill to be tabled soon

A bill to grant degree-awarding status to Pakistan Marine Academy will soon reach the National Assembly

Published 14 May, 2026 10:55am

Forex

Dollar buoyed by rate hike expectations as Trump-Xi summit underway

China’s onshore yuan clung to the three-year top of 6.7840 per dollar

Published 14 May, 2026 10:52am

Energy

Oil prices dip after Iran says some vessels are crossing Hormuz

NEW YORK: Crude oil futures dipped slightly on Thursday after Iran’s state media said about 30 vessels had crossed...

Updated 14 May, 2026 10:33pm

Stocks

Selling continues as KSE-100 Index further loses 950 points

Benchmark index settles at 166,498.83

Updated 14 May, 2026 06:00pm

Companies

easypaisa bank delivers record Q1 2026 results with PBT of Rs3.66bn

KARACHI: easypaisa digital bank delivered a record-breaking quarter, further strengthening its leadership as...

Published 14 May, 2026 07:33am

Business & Finance

IPO launches digital transformation strategy

KARACHI: Director General, Intellectual Property Organisation of Pakistan Noman Aslam has said that IPO Pakistan has...

Published 14 May, 2026 07:29am

Companies

JazzWorld delivers strong Q1 2026 results

ISLAMABAD: JazzWorld delivered strong Q1 2026 results, with total revenue increasing 20.6 percent year-on-year (YoY)...

Updated 15 May, 2026 02:14pm

Companies

Payoneer posts strong Q1 growth amid rising global volumes

KARACHI: Payoneer, the Nasdaq-listed global financial technology company facilitating cross-border payments and...

Published 14 May, 2026 07:24am

Business & Finance

Sale of refrigerators, deep freezers & ACs gone up by 15pc

KARACHI: The sale of refrigerators, deep freezers and air conditioners have gone up by approximately 10-15 percent...

Published 14 May, 2026 07:21am

Companies

Zong announces official enablement of 5G services on iPhones

ISLAMABAD: Zong has announced the official enablement of 5G services on iPhones in Pakistan through the latest iOS...

Published 14 May, 2026 07:16am

Pakistan

Conversion of CCRI Multan land into gymkhana club: APTMA urges Punjab govt to reconsider proposal

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

Published 14 May, 2026 07:00am

Business & Finance

Aurangzeb told: US companies ready for long-term investment

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting on Wednesday with S...

Published 14 May, 2026 06:58am

Pakistan

Load management enforced in Lahore after damage to NGC circuits

ISLAMABAD: Load management was carried out in parts of Lahore after transmission circuits of the National Grid...

Published 14 May, 2026 06:55am

Business & Finance

PQA handles country’s largest-ever LNG cargo discharge

KARACHI: Port Qasim Authority (PQA) has etched its name in Pakistan’s maritime history by successfully handling the...

Published 14 May, 2026 06:50am

Business & Finance

NA body concerned at proposed indemnity, protections for FIs

ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue expressed serious concerns regarding the...

Published 14 May, 2026 06:38am

Business & Finance

SBP receives USD1.3bn tranche from IMF

KARACHI: Pakistan has received inflows worth USD 1.3 billion from the International Monetary Fund (IMF) under the...