News Archives for Business & Finance - 2026-07-10

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Business & Finance - 2026-07-10

Business & Finance

Korangi Fish Harbour Authority BoD chairman welcomes record seafood export milestone

Chairman, Board of Directors, Korangi Fish Harbour Authority, Asim Abrar, has hailed Pakistan’s achievement of $568...

Published 10 Jul, 2026 11:14pm

South Asia

India's Dr Reddy's posts worst week in 3 years as semaglutide setback stokes growth fears

Supplies of ‌its generic semaglutide would remain unavailable in India and face disruptions in Canada until at least late October

Published 10 Jul, 2026 08:25pm

Business & Finance

ADB appointed as financial adviser for Islamabad airport outsourcing

PC Board also grants approval for appointment of BDO Ebrahim & Company, Chartered Accountants, as external auditors for audit of three financial years from 2025–26 to 2027–28

Published 10 Jul, 2026 07:40pm

Stocks

UAE markets rebound; E& surges on Vodafone stake sale

Dubai’s main share index jumped 0.9%

Published 10 Jul, 2026 07:22pm

Financial

India's 10-year bond logs best day in over a week on oil relief

The 6.94% 2036 bond yield fell 3.8 basis points to 6.7139%

Published 10 Jul, 2026 06:20pm

Companies

India's ONGC plans to build 13 million bbl national strategic oil reserve

India is being hit hard by the blockade of the Strait of Hormuz amid the Iran war

Published 10 Jul, 2026 05:50pm

Stocks

FTSE 100 ticks up on Vodafone, easyJet deals; Middle East worries linger

The blue-chip FTSE 100 index rose 0.08% to 10,480.31 points

Published 10 Jul, 2026 05:29pm

Financial

India equity mutual fund inflows rebound from one-year low

This marks five years and four months of net inflows to equity mutual funds, the longest streak on record

Published 10 Jul, 2026 05:17pm

Stocks

India's NSE to pitch IPO to 30 global investors as play on deepening capital markets, sources say

Investor meetings are set to begin next week, with a listing expected around October

Published 10 Jul, 2026 05:12pm

Stocks

Sri Lankan shares snap longest losing streak since September 2024

CSE All-Share index settled 0.31% higher at 21,765.56

Published 10 Jul, 2026 05:08pm

Commodities

Russian aluminium's share of available LME stocks rises to 95% in June

Available Russian aluminium stocks fell by 3,150 tons to 234,025 tons in June

Published 10 Jul, 2026 05:05pm

Commodities

Palm slips over 1% on bearish MPOB data, still logs weekly gain

Dalian’s most-active soyoil contract down 0.93%

Published 10 Jul, 2026 05:02pm

Forex

Indian rupee slips on week as Iran flare-up spurs caution, merchant hedging

Indian rupee ended at 95.3250 per dollar

Published 10 Jul, 2026 05:00pm

Stocks

Indian shares rise on TCS boost; snap weekly winning run on Mideast worries

Nifty 50 rose 1.02% to 24,206.90, while the Sensex climbed 1.08% to 77,569.39, to pare their weekly losses to 0.3% each

Published 10 Jul, 2026 04:58pm

Companies

SP Group opens debut dollar debt issue after multiple delays, sources say

The bond issue, delayed several times since the start of the year, is part of the company’s planned 255 billion Indian rupees fundraise

Published 10 Jul, 2026 04:53pm

Companies

US FDA clears ZYN nicotine pouches for lower-risk claim

This is the first time the agency has granted MRTP orders for nicotine pouches

Updated 10 Jul, 2026 07:06pm

Exchange

Pakistan rupee records gain against US dollar

Settles at 278.05 against US dollar

Updated 10 Jul, 2026 06:41pm

Commodities

Gold price per tola drops Rs1,400 in Pakistan

Price of silver increases by Rs11 to reach Rs6,432 per tola

Updated 10 Jul, 2026 05:35pm

Companies

Thar Block II: SECMC prepares for Phase III expansion

Pakistan's energy security gets a boost as SECMC expands Thar Block II, leveraging indigenous coal to reduce import dependency

Published 10 Jul, 2026 02:02pm

Companies

PIA eyes Ex-Ethiopian Airlines CEO to lead revival: report

PIA management wants to officially announce the pick by Sunday

Published 10 Jul, 2026 12:37pm

Stocks

Australian shares snap four-day decline as miners, banks rise

The benchmark S&P/ASX 200 index ended 0.5% higher at 8,806.00 points

Published 10 Jul, 2026 12:18pm

Mutual Funds

JGB yields fall sharply after finance minister says to seek ways for pension funds to boost investments

The benchmark 10-year JGB yield fell 7.5 bps to 2.8%

Published 10 Jul, 2026 12:09pm

Forex

Thai baht/US dollar steady on Friday

The baht was 0.03% higher at 33.33 versus the dollar, after trading in a range of 33.330 to 33.400

Published 10 Jul, 2026 12:02pm

Forex

Kiwi hits three-week high on rate hike bets, Aussie laggard

The kiwi climbed 0.4% on Friday to $0.5778, a three-week high, after jumping 1% overnight

Published 10 Jul, 2026 11:59am

Stocks

South Korean shares rise on chip surge, but set to end week lower

The benchmark KOSPI was up 336.78 points, or 4.62%, at 7,628.69

Published 10 Jul, 2026 11:55am

Stocks

Japan's Nikkei rises 2% on AI rally as pension asset shift hopes lift yen, bonds

The benchmark Nikkei 225 was up 2% at 69,121.02, while the broader Topix rose 0.76% to 4,050.82

Published 10 Jul, 2026 11:32am

Mutual Funds

Indian bonds set for opening gains; auction demand to act as key driver

The benchmark 6.94% 2036 bond yield is expected to trade between 6.72% and 6.77%

Published 10 Jul, 2026 11:30am

Forex

Yuan climbs to one-week high as PBOC sets stronger fixing, dollar eases

The spot yuan opened at 6.7875 per dollar and was last trading at 6.782

Published 10 Jul, 2026 11:27am

Commodities

China's wheat output rises 0.6% despite flood risks across key crop areas

Output from the world’s top wheat grower increased to 138.95 million tons, up from 138.16 million metric tons a year earlier

Published 10 Jul, 2026 11:23am

Commodities

Copper gains on weaker dollar, limited Middle-East escalation

Benchmark three-month copper on the London Metal Exchange was up 0.29% at $13,528 a metric ton

Published 10 Jul, 2026 11:20am

Commodities

Chicago corn, soy futures rise ahead of USDA report

The most-active corn contract on the Chicago Board of Trade (CBOT) rose 0.1% to $4.52-1/4 a bushel

Published 10 Jul, 2026 11:18am

Technology

Pakistan signs LoI with Silicon Valley's Plug and Play to strengthen startup ecosystem

The signed LoI lays the foundation for Plug and Play Tech Center to establish operations in Pakistan

Published 10 Jul, 2026 11:15am

Stocks

Hong Kong stocks set for strongest week in over a year on China internet gains

China's blue-chip CSI300 Index rose 0.5% by the lunch break

Published 10 Jul, 2026 10:52am

Commodities

Malaysia June palm oil stocks at four-month high as output rises strongly

Palm oil exports surged by 6.2% to 1.2 million tons, snapping two consecutive months of decline

Published 10 Jul, 2026 10:36am

Energy

World Bank approves $376mn to strengthen Pakistan’s electricity grid

Pakistan’s Grid Stability Enhancement Project is the first phase of a 10-year programme to help Pakistan modernise its electricity transmission network

Updated 10 Jul, 2026 10:56pm

Stocks

PSX settles higher as KSE-100 adds nearly 1,000 points

Benchmark index settles at 182,241.77

Updated 10 Jul, 2026 06:22pm

Bullion Rate

Gold heads for weekly drop as Gulf attacks reinforce rate-hike bets

Spot gold was up 0.2% at $4,128.92 per ounce

Published 10 Jul, 2026 08:20am

Forex

Indian rupee finds breathing room on oil pullback, soft dollar; Middle East risks linger

The Indian rupee is tipped to open slightly higher at 95.32-95.35 against the US dollar after settling at 95.3875 on Thursday

Published 10 Jul, 2026 08:15am

Industry

‘InvestPak’ a positive step: Zahid

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

Published 10 Jul, 2026 08:07am

Business & Finance

Pakistan Banking Summit 2026 opens: Pakistan transitioning to investment-led growth: Aurangzeb

KARACHI: The Pakistan Banks Association (PBA) on Thursday inaugurated the second Pakistan Banking Summit 2026...

Published 10 Jul, 2026 08:07am

Money & Banking

Meezan Bank establishes Centre for Excellence in Islamic FinTech at Iqra University

KARACHI: Meezan Bank has established the IU Centre for Excellence in Islamic FinTech (IU CEIF) at Iqra University in...

Published 10 Jul, 2026 08:05am

Industry

LCCI urges export growth, import substitution

LAHORE: President Lahore Chamber of Commerce and Industry (LCCI) Faheem-ur-Rehman Saigol stressed the need to...

Published 10 Jul, 2026 08:04am

Business & Finance

Car dealers, showroom owners: KP to establish facilitation points

PESHAWAR: Khyber Pakhtunkhwa Government has decided to establish computerized facilitation points for car dealers...

Published 10 Jul, 2026 08:01am

Business & Finance

Karandaaz, DKFS launch financing facility for retailers

KARACHI: Karandaaz Pakistan and DigiKhata Financial Services (DKFS) have entered into a strategic partnership to...

Published 10 Jul, 2026 07:58am

Business & Finance

‘Govt failed to sustain export-led growth achieved in 2023-24’

ISLAMABAD: Former caretaker federal minister and Chairman of Economic Policy & Business Development, Gohar Ejaz,...

Published 10 Jul, 2026 07:48am

Industry

Pakistan, Turkiye trade must achieve next level: FPCCI Chief proposes Pakistan–Türkiye Joint Business Meeting under ECO-CCI

KARACHI: The President of the ECO Chamber of Commerce and Industry (ECO-CCI) and FPCCI, Atif Ikram Sheikh, has...

Published 10 Jul, 2026 07:46am

Stocks

Indian shares set to open higher; TCS in focus after revenue beat

GIFT Nifty futures were trading at 24,117.5

Published 10 Jul, 2026 07:44am

Money & Banking

BankIslami bags Euromoney Award for Excellence in Islamic Digital Banking

KARACHI: Euromoney has recognised BankIslami as Pakistan’s Best Islamic Digital Bank. The recognition highlights...

Published 10 Jul, 2026 07:43am

Stocks

Asian stocks surge as investors look past Middle East attacks

Japan’s Nikkei rose 1.8% while South Korea’s KOSPI, the epicentre of the AI rally, gained 2.4% in early trading

Published 10 Jul, 2026 07:41am

Forex

Fragile yen set for weekly decline as intervention risks mount

Against the yen , the dollar stood at 162.36, not far from a four-decade peak hit last week, and was headed for a weekly gain of more than 0.5% against the Japanese currency

Published 10 Jul, 2026 07:36am

Industry

Smeda invites MSMES for free registration to avail incentives

LAHORE: The Small and Medium Enterprises Development Authority (Smeda) has accelerated efforts to promote business...

Published 10 Jul, 2026 07:36am

Business & Finance

PM holds talks on trade, investment with Croatian delegation

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday called for stronger bilateral cooperation between Pakistan and...

Published 10 Jul, 2026 07:32am

Energy

Oil heads for weekly gains as Middle East supply risks persist

Brent futures were up 24 cents, or 0.3%, at $76.54 a barrel

Updated 10 Jul, 2026 05:48pm

Europe

EU parliament greenlights digital euro

BRUSSELS: EU lawmakers on Thursday backed kickstarting negotiations on creating a digital version of the euro, as...

Published 10 Jul, 2026 07:22am

Business & Finance

Massive ‘misuse’ of EFS detected at Karachi

ISLAMABAD: Collectorate of Customs (Enforcement), Karachi has detected massive misuse of facility of Export...

Published 10 Jul, 2026 07:11am

Business & Finance

ADB lowers Pak growth forecast to 3.7pc

ISLAMABAD: The Asian Development Bank (ADB) has revised Pakistan’s economic growth forecast for FY2027 downward to...

Published 10 Jul, 2026 06:23am

Business & Finance

SMEDA excluded from SOEs list

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has excluded Small and Medium Enterprises...

Published 10 Jul, 2026 06:17am

Industry

TDAP, PHDE explore potato export opportunities

KARACHI: The Trade Development Authority of Pakistan (TDAP) and Pakistan Horticulture Development & Export...

Published 10 Jul, 2026 06:05am

Energy

Oil prices dive by more than 2pc

NEW YORK: Oil prices slid by more than 2 percent on Thursday on worries that inflation and a slowing economy could...

Updated 10 Jul, 2026 06:13am

Business & Finance

SBP achieves FX reserves target

KARACHI: The State Bank of Pakistan (SBP) successfully met its foreign exchange reserves target for FY26, with its...