News Archives for Business & Finance - 2026-07-07

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Business & Finance - 2026-07-07

Technology

AI adoption drives Pakistan’s call centre exports beyond $300mn

Industry experts attribute much of this growth to technological transformation, particularly integration of artificial intelligence into customer support operations

Published 07 Jul, 2026 10:27pm

Business & Finance

Finance Minister says new AI-led tax model to issue notices

Says the government expects overall remittances for this year to close anywhere between $41 and $42 billion

Updated 07 Jul, 2026 11:22pm

Markets

Pakistan initiates issuance of Eurobond, Sukuk, dollar-settled rupee-linked bonds at global capital markets

Finance minister forms task force to ensure SMEs gain access to required bank financing

Updated 07 Jul, 2026 11:22pm

Financial

India bonds slip as profit booking, higher U.S. yields weigh

Benchmark 6.94% 2036 bond yield rose 1 basis point to 6.6958%

Published 07 Jul, 2026 08:16pm

South Asia

Indonesia, India sign agriculture, critical minerals and missile deals

'We’re two of the largest democracies in the world, Partnerships between us will bring benefits to the region.' Prabowo says

Published 07 Jul, 2026 08:13pm

Stocks

Most Gulf markets gain as geopolitics keeps investors cautious

Saudi Arabia’s benchmark index rose 0.4%

Published 07 Jul, 2026 06:27pm

Stocks

Policy support lifts foreign inflows into Indian banks to 14-month high

-Foreign portfolio investors buy 146.34 billion Indian rupees worth of banking stocks over the period

Published 07 Jul, 2026 06:03pm

Companies

SHC restrains Quice Food from proceeding with merger with Indus Food Products

The Sindh High Court (SHC) has restrained Quice Food Industries from taking any more steps with respect to its...

Published 07 Jul, 2026 05:36pm

Business & Finance

India's largest asset manager draws top sovereign funds in $1.2 billion IPO, sources say

It is valued at around $12.3 billion, with SBI and Amundi selling a collective 10% of their shares in the joint venture

Published 07 Jul, 2026 05:30pm

South Asia

India finds Adani's Mumbai airport shops sold nicotine pouches in breach of law

Adani denies wrongdoing and asks judges to declare that a law covering drugs and cosmetics does not apply to duty-free shops

Published 07 Jul, 2026 04:47pm

Commodities

Aluminium rises on Middle East tensions

Benchmark three-month aluminium on the London Metal Exchange gained 0.5% to $3,129 a metric ton

Published 07 Jul, 2026 04:25pm

Commodities

Palm flat as strong rival oils, El Nino fears counter firm ringgit

Dalian’s most-active soyoil contract rose 1.31%

Published 07 Jul, 2026 04:22pm

Business & Finance

CCP approves Treet’s increased shareholding in Loads Limited

The competition assessment found that the transaction would not alter the market shares

Published 07 Jul, 2026 04:19pm

Currency

Indian rupee logs best day in three weeks on NDF dollar sales, bailing shorts

Indian rupee ended at 94.9675 per dollar, up 0.4% from its previous close

Published 07 Jul, 2026 04:17pm

Stocks

Indian shares snap winning run as investors book profits; earnings in focus

Nifty 50 fell in the 30 minutes before close to end 0.13% lower at 24,398.70

Published 07 Jul, 2026 04:13pm

Exchange

Pakistan rupee registers marginal gain against US dollar

Settles at 278.10 against greenback

Updated 07 Jul, 2026 06:46pm

Business & Finance

Pakistan eyes US expertise in robotic surgery

Pakistan aims to boost its medical capabilities, including robotic surgery, by collaborating with the University of Illinois Chicago

Published 07 Jul, 2026 02:09pm

Commodities

Gold price per tola drops Rs2,500 in Pakistan

International rate of gold declines by $25 to reach $4,125 per ounce

Updated 07 Jul, 2026 06:36pm

Forex

Thai baht/US dollar weaker on Tuesday

The baht was 0.24% lower at 33.31 versus the dollar, after trading in a range of 33.260 to 33.365

Published 07 Jul, 2026 01:41pm

Business & Finance

21 listed companies secure over Rs20bn in capital in FY26: SECP

Says rights issues enabled existing shareholders to participate further in the company’s growth by investing additional capital

Published 07 Jul, 2026 01:06pm

Stocks

European shares flat as AI caution prevails; focus on defence stocks

The pan-European STOXX 600 index was flat at 650.84 points

Published 07 Jul, 2026 12:41pm

Business & Finance

PM Shehbaz directs plan to expand SME access to bank loans

SMEDA facilitated 700 SMEs in 16 global events and provided training in 35 cities, PM informed

Published 07 Jul, 2026 12:16pm

Commodities

Aluminium wavers as market weighs supply, macros

The most-traded aluminium contract on the Shanghai Futures Exchange added 0.33% at 22,910 yuan ($3,373.53) a ton

Published 07 Jul, 2026 11:40am

Forex

Yuan holds steady as investors await Fed minutes, China economic data

The yuan’s midpoint rate at 6.8054 per dollar

Published 07 Jul, 2026 11:37am

Mutual Funds

JGB yields fall from multi-decade highs after strong 30-year auction

The benchmark 10-year JGB yield eased 2.5 basis points to 2.805%

Published 07 Jul, 2026 11:35am

Stocks

Mainland China, Hong Kong stocks slip as property shares drag

The benchmark Shanghai Composite index fell 1%, while the blue-chip CSI300 index eased 0.8%

Published 07 Jul, 2026 11:33am

Energy

Engro Vopak explores Pakistan's first refrigerated LPG import facility

Pakistan's growing reliance on LPG is increasing the need for enhanced import and storage infrastructure

Published 07 Jul, 2026 11:23am

Forex

Australia, NZ dollars position for uncertain RBNZ outcome

The Aussie held at $0.6953, having edged up 0.2% overnight in its third straight session of modest gains

Published 07 Jul, 2026 10:57am

Stocks

Japan's Nikkei falls as Samsung-led chip selloff weighs on regional tech stocks

The Nikkei was down 1.35% at 68,798.93

Published 07 Jul, 2026 10:54am

Commodities

CBOT soybeans rise on China demand optimism

Corn rose on weather worries, while wheat declined on ongoing harvest and ample global stocks

Published 07 Jul, 2026 10:52am

Commodities

Palm rises for second session on strong rival oils, crude prices

palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.57%, to 4,576 ringgit ($1,122.39) a metric ton

Published 07 Jul, 2026 10:49am

Mutual Funds

Philippines awards $489 million worth of 2031 T-bond at auction

Tenders total 72.84 billion pesos

Published 07 Jul, 2026 10:38am

Mutual Funds

India bond rally pauses ahead of state debt sale

The 10-year yield fell 7 basis points in the last three sessions

Published 07 Jul, 2026 10:34am

Markets

Samsung flags 19-fold jump in profit, but shares slump on jitters AI boom may stall

Revenue would likely rise 129% to 171 trillion won from a year earlier, it said

Published 07 Jul, 2026 10:32am

Stocks

Selling at PSX, KSE-100 down nearly 1,200 points

Benchmark index settles at 186,255.55

Updated 07 Jul, 2026 06:25pm

Markets

SK Hynix to bring ADR funds to South Korea by around July 15, source says

The South Korean chipmaker launched a US share ⁠sale on Monday to raise 43 trillion won ($28.07 billion), one of the world's largest new share offerings ever, as it capitalises on the global AI boom

Published 07 Jul, 2026 08:10am

Bullion Rate

Gold eases as markets await Fed minutes for direction

Spot gold fell 0.6% to $4,138.32 per ounce

Published 07 Jul, 2026 08:06am

Forex

Supportive Asia cues may offer respite for under-pressure Indian rupee; RBI in focus

The Indian rupee is expected to open in the 95.34-95.38 range, according to traders, having settled at 95.3950 in the previous session

Published 07 Jul, 2026 08:01am

Stocks

Indian shares set to extend gains on pre-earnings updates, foreign buying

GIFT ‌Nifty futures were at 24,546

Published 07 Jul, 2026 07:56am

Stocks

Stocks ease despite upbeat Samsung forecast, yen languishes

South Korean shares slumped 4.1%, while MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.73%. Japan’s Nikkei shed 1.08%

Published 07 Jul, 2026 07:53am

Forex

Yen pinned near 40-year low in test of Tokyo's intervention resolve

The euro last bought 185.47 yen , following a 0.5% rise in the previous session

Published 07 Jul, 2026 07:49am

Energy

Oil gains after vessels attacked near Strait of Hormuz

Brent crude futures gained 76 cents, or 1.1%, to $72.75 a barrel

Updated 07 Jul, 2026 06:22pm

Stocks

Australian shares little changed as gold miners, consumer stocks drag

The S&P/ASX 200 index fell 0.1% to 8,824.70

Published 07 Jul, 2026 07:39am

Companies

Bank Alfalah, BII sign USD50m loan facility

ISLAMABAD: Bank Alfalah Limited and British International Investment (BII), the UK’s development finance institution...

Published 07 Jul, 2026 06:36am

Industry

FPCCI eager to work with foreign organizations

KARACHI: Atif Ikram Sheikh, president of the FPCCI, has welcomed the visit of Dr. Hashim Hussain, head of the United...

Published 07 Jul, 2026 06:28am

Taxes

Taxpayer’s long-pending grievance: FTO lauds FBR official’s support

ISLAMABAD: The Federal Tax Ombudsman (FTO) has appreciated the prompt and responsible conduct of the Chief Sales...

Published 07 Jul, 2026 06:28am

Industry

Govt urged to provide power to industry at lower rates

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum (PBIF) & All Karachi...

Published 07 Jul, 2026 06:25am

Industry

KATI urges PM, ministers to resolve industrial power tariff anomoly

KARACHI: The Korangi Association of Trade and Industry (KATI) has urged the prime minister, federal minister for...

Published 07 Jul, 2026 06:23am

Cotton & Textile

‘Pakistan-China cooperation opens new era for cotton research’

LAHORE: Pakistan harvested only 5.6 million bales of cotton during the last season, the lowest production recorded...

Published 07 Jul, 2026 06:19am

Industry

Portugal proposes ‘Pakistan Business Forum’

LAHORE: The Ambassador of Portugal to Pakistan, Paulo Domingues, has proposed organizing a Portugal-Pakistan...

Published 07 Jul, 2026 06:18am

Business & Finance

Railways generates record Rs115bn revenue: Abbasi

LAHORE: Federal Minister for Railways Hanif Abbasi claimed that Pakistan Railways has achieved its highest-ever...

Published 07 Jul, 2026 06:10am

Business & Finance

Rubber stoppers: New Customs values fixed

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has fixed new customs values of Rubber Stoppers...

Published 07 Jul, 2026 05:50am

Business & Finance

Visibility of price, sales tax on products mandatory: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has directed manufacturers and importers of 56 goods/products...

Published 07 Jul, 2026 05:32am

Business & Finance

Carbon Levy: Experts raise questions about financing transformation to electric mobility

ISLAMABAD: The government has introduced a carbon levy on fossil fuels, proposed additional taxes on conventional...