News Archives for Business & Finance - 2026-07-29

<<>>

Business & Finance - 2026-07-29

Business & Finance

SECP imposes Rs4.73bn penalties during Feb-Jun for corporate violations

These included penalty orders against three companies and their directors for engaging in illegal deposit-taking activities

Published 29 Jul, 2026 11:17pm

Markets

ECC approves steering committee for wheat import mechanism

Committee will do need assessment and devise operational mechanism with reference to proposal of Wheat import and demand of provinces

Published 29 Jul, 2026 09:42pm

Money & Banking

Fed holds rates steady; three policymakers dissent in favor of a hike

Widely expected decision to leave the benchmark interest rate in the 3.50%-3.75% range

Updated 29 Jul, 2026 11:22pm

Financial

India bonds slip as oil prices hurt; Fed verdict in focus

Benchmark 6.94% 2036 bond yield ended at 6.7964%

Published 29 Jul, 2026 07:30pm

Companies

India says no abnormality seen in Boeing 787 fuel switch of Air India London flight

Further inspection of its complete thrust control module at a Boeing facility is underway

Published 29 Jul, 2026 06:58pm

Companies

Two India-based GMR Group units eye aggregate $500 million debt, bankers say

GMR Airports plans to raise 15 billion rupees through three-year bonds in its first debt sale in more than a year

Published 29 Jul, 2026 06:55pm

Stocks

Saudi bourse leads Gulf losses on rising regional tensions

Saudi Arabia’s benchmark index declined 1.3%

Published 29 Jul, 2026 06:45pm

Companies

India's top refiner scouts stakes in gas carriers as it plans higher US imports

Indian state fuel retailers are set to increase purchases of U.S. LPG, used mainly as cooking gas, from 2027

Published 29 Jul, 2026 06:39pm

Financial

Bajaj Housing Finance posts higher profit on loan growth

Bajaj Housing also expands its reach into near-prime and affordable home loan segments to diversify its loan portfolio

Published 29 Jul, 2026 05:48pm

Companies

India's TeamLease posts 31% quarterly profit rise on GCC hiring

The staffing services provider’s consolidated net profit rose to 348.7 million rupees ($3.65 million) for the quarter ended June 30

Published 29 Jul, 2026 05:35pm

Companies

India's biggest power producer NTPC plans to invest $178 billion through 2037

NTPC Group’s total portfolio capacity of 127 GW, including around 91 GW operational and 36 GW under construction

Published 29 Jul, 2026 05:16pm

Companies

Adani Enterprises posts quarterly loss on US settlement charge

Adani Enterprises’ profit before exceptional items and tax drops about 12% to 12.95 billion Indian rupees

Published 29 Jul, 2026 05:10pm

Companies

Kids Who Work : Unilever Pakistan calls on businesses to invest in early career exposure

Initiative aims to bridge the gap between classrooms and the reality of corporate life

Published 29 Jul, 2026 05:08pm

Markets

Allied Gold's $4 billion sale to China's Zijin collapses, secures $295 million investment

The companies say they mutually agree not to extend the July 29 outside date

Published 29 Jul, 2026 05:07pm

Companies

Ethiopian Airlines revenue jumps 20%, state news agency says

Cargo freight rose 16% year on year to 897,000 metric tons

Published 29 Jul, 2026 04:59pm

Companies

Dabur posts quarterly profit rise on price hikes

Several Indian consumer goods makers have reduced pack sizes and raised product prices to combat rising raw material

Published 29 Jul, 2026 04:56pm

Technology

Marvell Technology to invest $250 million in India, double headcount

Chip designer Marvell, which begins its India operations in 2006, plans to double its India headcount as part of the investment

Published 29 Jul, 2026 04:53pm

Stocks

Britain's FTSE 100 climbs on miner and energy gains; Fed in focus

The blue-chip FTSE 100 index rose 0.2% to 10,894.67 points

Published 29 Jul, 2026 04:41pm

Energy

Discounts narrow on Russian Urals crude in India, sources say

Cargoes of Urals crude for delivery in late August and early September were offered in India at discounts of $1 to $2 a barrel this week

Published 29 Jul, 2026 04:36pm

Companies

SAIL, Krakatau Steel plan $350 million investment in stainless steel plant

The plant will have an annual capacity of 500,000 metric tons and is expected to be operational within the next three to four years

Published 29 Jul, 2026 04:20pm

Companies

India's Asian Paints jumps after profit beat as price hikes cushion cost pressure

Indian paint makers including Asian Paints have been facing costs due to high crude oil prices, which add to their raw material costs

Published 29 Jul, 2026 04:16pm

Commodities

Copper slips ahead of Fed rate decision, aluminium rises on Gulf fighting

Benchmark three-month copper on the London Metal Exchange was down 0.4% at $13,631 a metric ton

Published 29 Jul, 2026 04:12pm

Commodities

Palm rises on bargain buying, crude oil rebound

Dalian’s most-active soyoil contract fell 0.23%

Published 29 Jul, 2026 04:10pm

Companies

India's Adani Ports posts higher profit on domestic demand

Port operators globally face a tougher trade environment as tariffs, geopolitical tensions and longer shipping routes strain supply chains

Published 29 Jul, 2026 04:07pm

Forex

Indian rupee firms, volatility expectations tick up heading into Fed decision

Indian rupee closed at 95.6475 per dollar, up 0.2% from Wednesday’s closing level

Published 29 Jul, 2026 03:58pm

Business & Finance

PM directs FBR to roll out digital production monitoring in five more sectors by December

Individuals and businesses involved in informal economic activities and tax evasion should be identified, says PM

Published 29 Jul, 2026 03:56pm

Stocks

Indian shares buck AI carnage in Asia as IT stocks lead gains

Nifty 50 rose 1.1% to 24,250.2, while the BSE Sensex gained 1.16% to 77,654.6.

Published 29 Jul, 2026 03:55pm

Exchange

Pakistani rupee records improvement against US dollar

Settles at 277.82 against greenback

Updated 29 Jul, 2026 09:04pm

Markets

Challenge SEZ secures financing for Phase-I development

Closing paves the way for the commencement of large-scale development activities

Published 29 Jul, 2026 02:44pm

Companies

Clover Pakistan enters EV charging business

Clover Pakistan has been appointed as the exclusive distributor and stockist for Pakistan for CITA-UK

Published 29 Jul, 2026 02:06pm

Technology

GSMA assesses telecom tax cuts to boost broadband, digital economy

The study is expected to provide the government with policy options showing how initial revenue losses from tax cuts could be recovered

Published 29 Jul, 2026 12:43pm

Commodities

Gold price per tola drops Rs1,000 in Pakistan

International rate of gold declines by $10 to reach $4,040 per ounce

Updated 29 Jul, 2026 05:56pm

Stocks

South Korea stock rout breaks records as SK Hynix earnings disappoint

The benchmark KOSPI index dived as much as 12.6%

Published 29 Jul, 2026 11:41am

Forex

Australian dollar slips, bonds jump as inflation quashes rate risk

The Aussie weakened 0.4% to stand at $0.6946, having dipped 0.2% in the previous session

Published 29 Jul, 2026 11:31am

Stocks

Australian shares extend gains after inflation undershoots forecasts

The S&P/ASX 200 index rose 1.3% to 9,060 points

Published 29 Jul, 2026 11:30am

Stocks

Japan's Nikkei wavers on earnings caution

The Nikkei was last down 0.04% to 62,337.37 after swaying between gains and losses

Published 29 Jul, 2026 11:29am

Forex

Yuan steady as PBOC sets fix at 3-1/2-year high; Fed decision eyed

The spot yuan opened at 6.7700 per dollar and was last trading at 6.7722

Published 29 Jul, 2026 11:21am

Commodities

Copper drifts lower ahead of Fed rate decision

Benchmark three-month copper on the London Metal Exchange slipped 0.28% to$13,647 a metric ton

Published 29 Jul, 2026 11:13am

Markets

SK Hynix's record profit misses forecasts, shares slump 13% despite robust AI chip demand

To cushion itself against the industry’s volatile demand cycles, the company is racing to lock in long-term supply deals

Published 29 Jul, 2026 11:11am

Business & Finance

Pakistan offers ports for Kazakh cargo transit

Maritime minister meets Kazakhstan’s envoy

Published 29 Jul, 2026 11:07am

Markets

StanChart first-half profit rises 9%

That compared with $4.38 billion a year earlier and the $4.52 billion average of 16 analyst estimates compiled by the bank

Published 29 Jul, 2026 11:06am

Markets

Toyota to halt operations at 3 southern Japan plants through Friday after earthquake

'The situation, including aftershocks and recovery efforts, is changing daily,' Toyota said

Published 29 Jul, 2026 10:43am

Stocks

Chip stocks drag Chinese mainland shares as AI rout deepens; Hong Kong rises

Hong Kong benchmark Hang Seng was up 1.4%

Published 29 Jul, 2026 10:40am

Markets

Deutsche Bank profit up 10%, defying expected decline, as investment bank booms

Deutsche, Germany's largest lender, recorded net profit attributable to shareholders of €1.640 billion ($1.87 billion) in the quarter

Published 29 Jul, 2026 10:21am

Markets

UBS says second-quarter net profit up 17% to $2.8 billion

UBS reported Wednesday that net profit rose 17 percent to $2.8 billion in the second quarter

Published 29 Jul, 2026 10:15am

Business & Finance

ADB likely to back Pakistan border infrastructure upgrade

CAREC Secretariat formally invited the minister to participate in the conference

Published 29 Jul, 2026 10:13am

Stocks

Selling grips PSX, KSE-100 closes nearly 1,600 points lower

Benchmark index settles at 176,042.98

Updated 29 Jul, 2026 06:51pm

Forex

Indian rupee's RBI-spurred rally faces twin headwinds of oil volatility, Fed uncertainty

The Indian rupee is expected to open marginally higher, before coming under pressure later in the ⁠session. The currency settled at 95.8525 per US dollar on Tuesday

Published 29 Jul, 2026 08:13am

Markets

Apple briefly tops $5 trillion market value for first time

Nvidia's shares were last up 0.53% at $197.63, valuing it at $4.78 trillion

Published 29 Jul, 2026 07:59am

Stocks

Asian stocks stabilise after rout ahead of tech earnings, Fed decision

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.8% higher after shedding 3.6% on Tuesday and remains on course for a monthly drop of 6.6%

Published 29 Jul, 2026 07:54am

Forex

Dollar steady ahead of Fed decision; Aussie falls after inflation data

The New Zealand dollar declined 0.08% to $0.5783

Published 29 Jul, 2026 07:50am

Stocks

Indian shares to open higher ahead of Fed decision

India's GIFT Nifty futures were at 24,225.5

Published 29 Jul, 2026 07:46am

Bullion Rate

Gold edges lower ahead of Fed decision on interest rates

Spot ‌gold fell 0.1% to $4,021.87 per ounce

Updated 29 Jul, 2026 11:44am

Energy

Oil jumps nearly 7% on escalating Middle East airstrikes

Brent futures up $5.70, or 6.8%, at $89.79 a barrel

Updated 29 Jul, 2026 08:53pm

Business & Finance

Govt to design modern payments infrastructure

ISLAMABAD: The government has outlined an ambitious mandate for a team of technology and financial systems experts...

Published 29 Jul, 2026 07:10am

Business & Finance

PC recommends privatisation of first batch of Discos

ISLAMABAD: The Privatisation Commission (PC) Board has recommended that the Cabinet Committee on Privatisation...

Published 29 Jul, 2026 07:08am

Pakistan

N-25 highway: Balochistan lawmakers oppose Rs100bn allocation

ISLAMABAD: Senators from Balochistan on Tuesday objected to the federal government’s decision to allocate Rs100...

Published 29 Jul, 2026 07:02am

World

Aramco shuts Jizan oil refinery after Houthi attack

NEW DELHI/LONDON: Saudi Aramco shut down its 400,000 barrel-per-day Jizan oil refinery in Saudi Arabia on July 27...

Published 29 Jul, 2026 06:53am

Business & Finance

Abolished under govt’s right-sizing drive: PM directs third-party audit of posts, institutions

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday ordered an independent third-party audit of posts and...

Published 29 Jul, 2026 06:42am

Companies

Mercedes-Benz writes off over 700m euros on China woes

FRANKFURT, (Germany): Premium German carmaker Mercedes-Benz on Tuesday reported falling profit at its car business...

Published 29 Jul, 2026 06:39am

Companies

IH2026 results: PTCL achieves 62pc growth YoY

KARACHI: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider,...

Published 29 Jul, 2026 05:14am

Pakistan

SRB seals restaurant in Hyderabad

KARACHI: The Sindh Revenue Board (SRB) has sealed the business premises located at Nasim Nagar Chowk, Qasimabad,...

Published 29 Jul, 2026 05:14am

Money & Banking

Askari Bank secures Long-Term Entity Rating ‘AAA’ from PACRA

ISLAMABAD: Askari Bank has secured the Long-Term Entity Rating of Triple-A (AAA) by Pakistan Credit Rating Agency...

Published 29 Jul, 2026 05:14am

Business & Finance

KPT receives giant container vessel

KARACHI: The Karachi Port Trust (KPT) has received the MSC Mirjam, one of the world’s largest container vessels, at...

Published 29 Jul, 2026 05:14am

Industry

KCCI election schedule announced

KARACHI: Election for 30 managing committee seats of Karachi Chamber of Commerce and Industry (KCCI) for the year...

Published 29 Jul, 2026 05:14am

Business & Finance

US lawmakers keen to expand trade, boost investment cooperation

ISLAMABAD: The United States Congressional delegation expressed interest in expanding cooperation in trade,...

Published 29 Jul, 2026 05:14am

Pakistan

Punjab Motor Vehicles Ordinance: Ride-hailing vehicles required to possess route permits

ISLAMABAD: Punjab’s newly amended Motor Vehicles Ordinance 1965, now requires ride-hailing vehicles to hold a route...

Published 29 Jul, 2026 05:14am

Business & Finance

CCP fines 7 veterinary medicine manufacturers

ISLAMABAD: The Competition Commission of Pakistan (CCP) has fined seven veterinary medicine manufacturers a combined...

Published 29 Jul, 2026 05:14am

Pakistan

School bags manufacturers seek relief from rising costs

LAHORE: A delegation from the School Bags Manufacturers Association visited the Lahore Chamber of Commerce and...

Published 29 Jul, 2026 05:14am

Business & Finance

SAPM to lead business delegation to Türkiye for promoting trade

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan reaffirmed...

Published 29 Jul, 2026 05:14am

Business & Finance

NLC directed to focus on expanding Sost Dry Port

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal directed the National...

Published 29 Jul, 2026 05:14am

Pakistan

Import, clearance of iPhone 16: FTO detects ‘organised scam’

ISLAMABAD: The Federal Tax Ombudsman (FTO) has detected what it termed an organised scam involving the import and...

Published 29 Jul, 2026 05:14am

Pakistan

FBR issues notifications for ‘independent case scrutiny panels’

ISLAMABAD: Federal Board of Revenue (FBR) has issued four notifications for creation of the “Independent Case...

Published 29 Jul, 2026 05:14am

Pakistan

Erstwhile FATA/PATA: FBR asks banks to deduct WHT on transactions, specified payments

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all commercial banks to start deducting withholding taxes...

Published 29 Jul, 2026 05:14am

Business & Finance

Call for greater focus on smartphone affordability

ISLAMABAD: As Pakistan prepares for the next phase of digital connectivity following this year’s spectrum auction,...

Updated 29 Jul, 2026 12:13pm

Money & Banking

BMP provides relief of Rs762.76m

KARACHI: The Banking Mohtasib Pakistan (BMP) has granted monetary relief amounting to Rs 762.76 million to the...

Published 29 Jul, 2026 05:14am

Business & Finance

Bhandara hails launching of agri finance reform body

LAHORE: The federal government has constituted a high-level agriculture finance sub-committee under the access to...

Published 29 Jul, 2026 05:14am

Business & Finance

‘Pakistan needs resilient digital infrastructure’

ISLAMABAD: Building a competitive artificial intelligence (AI) ecosystem will require Pakistan to invest in secure,...

Published 29 Jul, 2026 05:14am

Business & Finance

Petrol price hiked by Rs1.63, HSD’s by Rs1.55

ISLAMABAD – The Ministry of Energy (Petroleum Division) has announced a slight increase in the ex-depot prices of...

Published 29 Jul, 2026 05:14am

Business & Finance

Dar talks to US businesspeople and lawmakers

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Ishaq Dar has expressed confidence that...

Published 29 Jul, 2026 05:14am

Business & Finance

S&P sees cautious monetary policy despite improving economy

ISLAMABAD: S&P Global Market Intelligence believes Pakistan’s monetary policy is likely to remain cautious...

Published 29 Jul, 2026 05:14am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 5	277.26
USD PKR Interbank Buying / Oct 5	277.06
USD to Japanese Yen / Oct 5	157.79
USD to Swiss Franc / Oct 5	0.83
Pound Sterling to USD / Oct 5	1.32
Euro to USD / Oct 5	1.12
SOFR % / Oct 2	3.88

Stock	Volume
S&P 500 / Oct 2	7,722.72
Nasdaq / Oct 2	27,190.86
Dow Jones / Oct 2	51,176.96
India Sensex / Oct 5	71,914.66
Tokyo Nikkei / Oct 5	69,928.05
Hang Seng / Oct 5	23,971.07
FTSE 100 / Oct 5	10,478.45
Germany DAX 30 / Oct 5	25,202.68
France CAC40 / Oct 5	7,824.92

Item	Value
Crude Oil USD/Barrel / Oct 5	89.90
Karachi Cotton PKR/37.32 KG / Oct 5	18,080
Gold 10 Grams PKR / Oct 5	375,116
Gold Spot USD/Ounce / Oct 5	4,152.43
Cotton US¢/pound / Oct 5	79.45
Petrol/Litre / Oct 6	393.64
Diesel/Litre / Oct 6	397.76

Gainers
Losers
Leaders

Stock	Price
D.S. Ind. Ltd. / Oct 5 D.S. Industries Limited(DSIL)	18.98 ▲ 1.73 (10.03%)
Paramount Mod / Oct 5 First Paramount Modaraba(FPRM)	13.05 ▲ 1.19 (10.03%)
Shadman Cotton / Oct 5 Shadman Cotton Mills Limited(SHCM)	61.23 ▲ 5.57 (10.01%)
Dadex Eternit / Oct 5 Dadex Eternit Limited(DADX)	144.55 ▲ 13.14 (10%)
Pakistan Credit Rating Agency / Oct 5 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	48 ▲ 4.33 (9.92%)
Popular Islamic / Oct 5 Popular Islamic Modaraba(PIM)	79.02 ▲ 7.05 (9.8%)
Aisha Steel (CPS) / Oct 5 Aisha Steel Mills Limited (CPS)(ASLCPS)	76.93 ▲ 6.29 (8.9%)
Pak Synthetics / Oct 5 Pakistan Synthetics Limited(PSYL)	183.95 ▲ 11.61 (6.74%)
Sana Ind / Oct 5 Sana Industries Limited(SNAI)	34.31 ▲ 2.12 (6.59%)
Aruj Industries / Oct 5 Aruj Industries Limited(ARUJ)	9.65 ▲ 0.59 (6.51%)

Stock	Price
Globe Residency / Oct 5 Globe Residency REIT(GRR)	17.07 ▼ -5.11 (-23.04%)
Arpak Int. / Oct 5 Arpak International Investments Ltd.(ARPAK)	127.64 ▼ -14.18 (-10%)
Asim Textile / Oct 5 Asim Textile Mills Limited(ASTM)	100.89 ▼ -11.21 (-10%)
Buxly Paints / Oct 5 Buxly Paints Limited(BUXL)	376.71 ▼ -41.86 (-10%)
Mandviwala / Oct 5 Mandviwala Mauser Plastic Industries(MWMP)	83.93 ▼ -9.33 (-10%)
Olympia Mills / Oct 5 Olympia Mills Limited(OML)	70.02 ▼ -7.78 (-10%)
The Thal Ind.Corp. / Oct 5 The Thal Industries Corporation Limited(TICL)	827.01 ▼ -91.89 (-10%)
Ashfaq Textile / Oct 5 Ashfaq Textile Mills Limited(ASHT)	36.87 ▼ -4.09 (-9.99%)
First Punjab Modaraba / Oct 5 First Punjab Modaraba(FPJM)	21.18 ▼ -2.35 (-9.99%)
Ghani Chemworld Limited(PRS) / Oct 5 Ghani Chemworld Limited(PRS)(GCWLPRS)	107 ▼ -11.83 (-9.96%)

Stock	Volume
F. Nat.Equities / Oct 5 First National Equities Limited(FNEL)	50,252,398 ▼ -0.05
Pak Int.Bulk / Oct 5 Pakistan International Bulk Terminal(PIBTL)	30,666,758 ▼ -1.01
Cnergyico PK / Oct 5 Cnergyico PK Limited(CNERGY)	30,042,022 ▼ -0.51
K-Electric Ltd. / Oct 5 K-Electric Limited(KEL)	22,178,384 ▼ -0.35
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	21,656,746 ▼ -0.01
Tasdeeq Info. Serv. / Oct 5 Tasdeeq Information Services Limited(TISL)	11,248,437 ▼ -0.2
Pak Refinery / Oct 5 Pakistan Refinery Limited(PRL)	10,892,431 ▼ -2.93
Waves Home Appliances / Oct 5 Waves Home Appliances Limited(WAVESAPP)	10,856,405 ▼ -0.56
TPL Corp Ltd / Oct 5 TPL Corp Limited(TPL)	9,355,175 ▼ -0.35
D.S. Ind. Ltd. / Oct 5 D.S. Industries Limited(DSIL)	9,057,129 ▲ 1.73

Most Popular