News Archives for Business & Finance - 2026-07-17

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Business & Finance - 2026-07-17

Business & Finance

Govt raises diesel by Rs31.05, petrol by Rs5.44 per litre for July 18-20

New prices come into effect at midnight

Published 17 Jul, 2026 11:55pm

Technology

Pakistanis increasingly adopt battery storage as solar market evolves: report

Nearly 60% of total battery imports recorded so far arrived during 2025 alone

Published 17 Jul, 2026 09:11pm

Financial

India bonds sink on oil spike, index-entry uncertainty

Benchmark 6.94% 2036 bond yield ended at 6.7799%

Published 17 Jul, 2026 08:46pm

Companies

India's Tata Technologies posts quarterly profit rise, retains revenue forecast

The Tata group company’s profit rose to 1.81 billion Indian rupees ($18.8 million) for the quarter ended June 30

Published 17 Jul, 2026 08:20pm

Money & Banking

India's RBL Bank posts higher profit on strong loan growth

Net interest income, the difference between interest earned on advances and paid on deposits, grew 12% to 16.54 billion rupees

Published 17 Jul, 2026 08:02pm

Stocks

S&P 500 and Nasdaq slip as chip rout extends; Netflix slides

Chip stocks, broadly, extended the previous session’s weakness, with heavyweight Nvidia down 1.4%

Published 17 Jul, 2026 07:53pm

Companies

Indian regulator warns of 'boss scam', a cyber fraud targeting top executives

Indian regulator SEBI warns against 'boss scams' where fake CEOs trick employees into transferring funds; verify all payment requests

Published 17 Jul, 2026 07:45pm

Money & Banking

India's Federal Bank flags 1.5-2% of net worth hit from new RBI norms

Net profit stood at 11.77 billion Indian rupees in April-June quarter

Published 17 Jul, 2026 07:30pm

Stocks

Sri Lankan shares log third straight weekly loss as utilities weigh

CSE All-Share index settled down 0.2% at 21,405.41, ending the week 1.7% lower

Published 17 Jul, 2026 07:29pm

Stocks

Dubai index hits five-week low on U.S.-Iran escalation

Dubai’s main index dropped 1.4% to a five-week low

Published 17 Jul, 2026 07:19pm

Pakistan

PM Shehbaz hails $440mn Pakistan-China pharma deals, says partnership to advance CPEC 2.0

Security of Chinese nationals working in Pakistan remains govt's top priority, premier says

Published 17 Jul, 2026 07:17pm

Financial

Indian state-run banks estimate $30bn flow from overseas deposit scheme, sources say

The state-run banks have given estimates about the quantum of dollars each of them will be able to garner through the tenor of this scheme

Published 17 Jul, 2026 06:57pm

Companies

Finance minister pushes faster capital market reforms to deepen corporate debt market

Says corporate debt market remains underdeveloped relative to the economy's financing requirements

Published 17 Jul, 2026 06:46pm

Companies

Apple closes in on Nvidia in race for world's most valuable company

Apple was last valued at $4.90 trillion as its shares rose marginally in premarket trading on Friday

Published 17 Jul, 2026 06:43pm

South Asia

India derivatives turnover slides in July as funding curb, higher taxes bite

Average daily futures and options turnover fell 27.1% to 1.7 trillion Indian rupees ($17.65 billion)

Published 17 Jul, 2026 06:38pm

South Asia

India to launch headline services output index within months, statistics secretary says

'We are hoping that within the next few months we should be able to bring out a headline number also, with or without additional sectors,' Saurabh says

Published 17 Jul, 2026 05:15pm

Commodities

Copper falls, heads for weekly dip as Mideast tensions weigh on demand outlook

Benchmark three-month copper on the London Metal Exchange was down 1.3% at $13,419.50 a metric ton

Published 17 Jul, 2026 05:03pm

Commodities

Palm tracks Dalian rivals lower, posts second consecutive weekly gain

Dalian’s most-active soyoil contract shed 0.57%

Published 17 Jul, 2026 04:55pm

Forex

Indian rupee logs sharpest weekly drop in nine as oil price jump stings

Indian rupee closed at 96.28 per dollar

Published 17 Jul, 2026 04:49pm

Stocks

IT powers Indian shares to weekly gains; Reliance, bank earnings eyed

Nifty 50 rose 1.09% to 24,334.30 and the BSE Sensex added 1.25% to 78,151.45

Published 17 Jul, 2026 04:46pm

Companies

SP Group completes long-delayed debt fundraising, sources say

SP Group, Tata Sons’ largest minority shareholder, owns around 18.4% of the company’s shares, has struggled for years to monetise the holding

Published 17 Jul, 2026 04:44pm

Commodities

Gold price drops by Rs3,600 per tola in Pakistan

International rate of gold declines by $36

Published 17 Jul, 2026 04:38pm

Exchange

Pakistani rupee records gain against US dollar

Settles at 277.96

Updated 17 Jul, 2026 08:41pm

Companies

HBL wins ‘Pakistan’s Best Bank 2026’ award by Euromoney

Euromoney Awards for Excellence 2026 has awarded HBL the accolade of ‘Pakistan’s Best Bank’. The Bank has also won...

Published 17 Jul, 2026 04:05pm

Business & Finance

PM directs performance reviews to prioritize ease of doing business reforms

Prime Minister Shehbaz Sharif directed on Friday that the performance evaluation of officers of relevant...

Published 17 Jul, 2026 04:01pm

Statistics

Record remittances fail to offset import surge as Pakistan posts $139mn C/A deficit in FY26

Pakistan's external account was pushed into negative due to high imports, while exports remained stagnant in FY26

Updated 17 Jul, 2026 06:13pm

Stocks

Australian shares set for worst day in over two weeks as miners, gold stocks drag

The S&P/ASX 200 index fell 0.5% to 8,800.00

Published 17 Jul, 2026 12:02pm

Forex

Australia, NZ dollars set to extend gains to third week

That has helped the Aussie steady at $0.6998, having gained 0.7% for the week so far

Published 17 Jul, 2026 12:00pm

Forex

Thai baht/US dollar weaker on Friday

The baht was 0.16% lower at 33.62 versus the dollar, after trading in a range of 33.585 to 33.685

Published 17 Jul, 2026 11:57am

Markets

Malaysia's economy grew 5.8% yr/yr in Q2, official advance estimate shows

The statistics department said that growth in the first half of the year was 5.6%, compared with 4.5% in the first half of 2025

Published 17 Jul, 2026 11:54am

Markets

India's Wipro slips as weak forecast fuels fears of prolonged IT slowdown

The stock was down at 174.17 rupees, making it the biggest loser on both the Nifty IT index and the benchmark Nifty 50

Published 17 Jul, 2026 11:52am

Stocks

Japan's Nikkei slumps over 4% on tech selloff, Middle East conflict

The benchmark Nikkei 225 slid 4.4% to 63,896.48 as of the midday break

Published 17 Jul, 2026 11:46am

Markets

Volvo Cars posts smaller profit for the second quarter

Volvo Cars on Friday reported a decline in profits for the second quarter

Published 17 Jul, 2026 11:42am

Stocks

China stocks tumble as CXMT's $8.6 billion IPO stirs liquidity concerns

China’s large-cap index CSI300 was down 2.5% by the lunch break, hitting a three-month low

Published 17 Jul, 2026 11:40am

Forex

Yuan slips from one-month high as Gulf risks lift dollar

The offshore yuan traded at 6.7769 yuan per dollar, down about 0.04% in Asian trade

Published 17 Jul, 2026 11:39am

Mutual Funds

India bonds tread water ahead of large debt sale

With external pressures contained, the Indian benchmark 6.94% 2036 bond yield traded rangebound at 6.7519%

Published 17 Jul, 2026 11:36am

Business & Finance

Pakistan, Egypt should be strategic investment partners, says minister

Minister for Commerce Jam Kamal Khan calls for transforming Pakistan-Egypt relations into stronger economic partnership

Published 17 Jul, 2026 11:28am

Commodities

Copper, industrial metals fall as Middle East war weighs on demand outlook

Benchmark three-month copper on the London Metal Exchange lost 0.88% to $13,479.5 a metric ton

Published 17 Jul, 2026 11:22am

Commodities

Palm tracks Dalian rivals lower, but set for second weekly gain

Palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 24 ringgit, or 0.52%, at 4,582 ringgit ($1,123.59) a metric ton

Published 17 Jul, 2026 11:21am

Energy

Pakistan seeks more Qatar LNG cargoes amid Strait of Hormuz disruptions: report

As the ongoing US-Iran conflict continues to disrupt energy shipments through the Strait of Hormuz, Pakistan plans...

Published 17 Jul, 2026 11:20am

Stocks

Pakistan's top 10 listed companies: FY26 market cap leaders on the PSX

PSX ended FY26 on strong note as macroeconomic stability under IMF-backed programme bolstered investor confidence and extended stock market rally

Updated 17 Jul, 2026 04:12pm

Business & Finance

Pakistan receives first RoRo vessel carrying over 2,000 EVs

Arrival marked a milestone for Pakistan's maritime sector and reflected efforts to modernise port operations, says minister

Updated 17 Jul, 2026 01:32pm

Bullion Rate

Gold on track for biggest weekly loss in six as Iran war fans inflation worries

Spot gold was up 0.3% at $3,980.64 per ounce

Published 17 Jul, 2026 10:19am

Stocks

Selling at bourse, KSE-100 settles 2,300 points lower

Benchmark index closes the day at 175,802.78

Updated 17 Jul, 2026 08:48pm

Forex

Risk aversion compounding oil-driven pressure on Indian rupee, RBI in focus

The Indian rupee is expected to open in the 96.40-96.44 range ‌to the US dollar, per traders, having settled at 96.3450 on Thursday

Published 17 Jul, 2026 08:02am

Stocks

Indian shares seen opening flat ahead of heavyweight earnings

GIFT Nifty futures were ‌trading at 24,091

Published 17 Jul, 2026 07:57am

Stocks

Stocks stumble, oil set for weekly gain on renewed Gulf hostilities

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.06% in early Asia trade while the Nikkei slid 2.8%

Published 17 Jul, 2026 07:53am

Forex

Dollar set for weekly drop as traders cut wagers on rate hikes

That left the dollar index , which measures the US currency against six other units, at 100.72, set for a weekly drop of 0.24%

Published 17 Jul, 2026 07:50am

Energy

Oil rises on renewed US-Iran hostilities and threat of Red Sea closure

Brent crude futures rose by $1.77, or 2.1%, to $86 a barrel

Updated 17 Jul, 2026 07:32pm

Industry

PRGMEA urges govt to address issues

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has called on the...

Published 17 Jul, 2026 07:40am

Industry

Global trade: FPCCI for empowering women entrepreneurs: VP

LAHORE: Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Qurrat ul Ain, has...

Published 17 Jul, 2026 07:37am

Companies

Foodpanda gives help centre full marks

ISLAMABAD: Foodpanda has underscored the importance of delivering a seamless marketplace experience, saying the...

Published 17 Jul, 2026 07:31am

Pakistan

Chinese medicine boosts healthcare cooperation

LAHORE: The Traditional Chinese Medicine (TCM) presents significant opportunities for strengthening the healthcare...

Published 17 Jul, 2026 07:28am

Business & Finance

Penalty and default surcharge: FBR grants over Rs4bn exemptions to PIACL

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted amount of default surcharge and penalties, payable...

Published 17 Jul, 2026 07:05am

Companies

PIA’s fleet will be expanded to 60 aircraft: Arif Habib

ISLAMABAD: Renowned businessman and investor Arif Habib has said that efforts to turn around Pakistan International...

Published 17 Jul, 2026 07:02am

Business & Finance

PIACL privatization: PC asked to secure corporate guarantees, regulatory confirmations

ISLAMABAD: The federal government has further tightened conditions attached to the ongoing privatisation of Pakistan...

Published 17 Jul, 2026 06:59am

Business & Finance

Surplus refined sugar: Govt rejects PSMA’s request to export

ISLAMABAD: The government has refused to allow Pakistan Sugar Mills Association (PSMA) to export over 0.6 tons of...

Published 17 Jul, 2026 06:56am

Business & Finance

Annual sales turnover enhanced: SBP revises regulations for SMEs financing

KARACHI: The State Bank of Pakistan (SBP) on Thursday announced the amendment in prudential regulations for Small...

Published 17 Jul, 2026 06:54am

Energy

Govt may increase June FCA by Rs1.20 per unit

ISLAMABAD: The government is likely to increase electricity tariff by Rs1.20 per unit for June 2026 across the...

Published 17 Jul, 2026 06:52am

Business & Finance

ISMO agrees to include 269MW hybrid Dhabeji as optimised project

ISLAMABAD: Independent System and Market Operator (ISMO) has agreed to include 269 MW hybrid Dhabeji of JCM Canada...

Published 17 Jul, 2026 06:51am

Business & Finance

Heavy debt repayments: Forex reserves drop by over USD1bn

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves fell by more than USD 1 billion in the first...

Published 17 Jul, 2026 06:42am

Companies

South Air begins flight operations from JIAP on two new routes

KARACHI: South Air has begun scheduled flight operations from Jinnah International Airport, adding new domestic...

Published 17 Jul, 2026 06:20am

Money & Banking

Deutsche Bank declares PLS profit rates

KARACHI: The Deutsche Bank has declared the following profit rates on PLS deposit....

Published 17 Jul, 2026 06:05am

Business & Finance

Investment in critical minerals falls in 2025: IEA

PARIS: Investment in critical minerals fell last year, the International Energy Agency said Thursday, even after...