News Archives for Business & Finance - 2026-08-12

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Business & Finance - 2026-08-12

Markets

Govt increases diesel price by Re0.54, cuts petrol's by Re0.94 per litre

New prices will be effective for Thursday, August 13

Published 12 Aug, 2026 10:55pm

Stocks

India's Tata shares fall as Chandrasekaran decides to step down

India’s top IT services exporter, Tata Consultancy Services, slumped 3.9%

Published 12 Aug, 2026 08:16pm

Markets

India says retail option trader losses fell 18% after regulatory curbs

The government said the number of individual investors trading equity derivatives fell by nearly a fifth to 7.86 million

Published 12 Aug, 2026 08:11pm

Forex

Indian central bank likely intervenes to support rupee, traders say

The rupee managed to hold its ground on the back of the intervention

Published 12 Aug, 2026 08:07pm

Financial

India bonds flat, major move likely only after US inflation data

The yield on India’s benchmark 10-year government bond ended at 6.7776%

Published 12 Aug, 2026 07:42pm

Stocks

Wall St gains as AI earnings lift tech, inflation data supports rate-hold bets

Dow Jones Industrial Average rose 110.53 points, or 0.21%, to 53,902.38

Published 12 Aug, 2026 07:15pm

Financial

SBI sees strong demand for 5-year dollar bond, tightens pricing

SBI raised $500 million through a five-year dollar bond issued via its London branch

Published 12 Aug, 2026 07:04pm

Stocks

Slim gains for Gulf bourses capped by lack of progress to end Iran war

Saudi Arabia’s benchmark index edged 0.1% higher

Published 12 Aug, 2026 06:52pm

Markets

India's markets regulator sees no manipulation in stock closing auction, chief says

'We are considering all inputs to increase participation,' Pandey says

Published 12 Aug, 2026 06:43pm

Stocks

Sri Lankan shares rise after gains in IT, real estate

CSE All-Share index settled up 0.07% at 21,418.57

Published 12 Aug, 2026 06:23pm

Commodities

Gold climbs 1%, near 2-month peak in run-up to US CPI report

Spot gold rose 1.1% to $4,413.69 per ounce

Published 12 Aug, 2026 04:48pm

South Asia

India plans insurance reforms to rein in healthcare costs, sources say

'The idea is to benchmark treatment rates, agreed between insurers and hospitals, to reduce disputes and fraudulent claims'

Published 12 Aug, 2026 04:42pm

Commodities

Aluminium falls as EGA reaffirms output recovery timeline

Benchmark three-month aluminium on the London Metal Exchange was down 1.5% at $3,313 a metric ton

Published 12 Aug, 2026 04:38pm

Commodities

Palm oil falls on weaker Dalian oils, profit taking

Dalian's most-active soyoil contract fell 0.21%

Published 12 Aug, 2026 04:36pm

Exchange

Rupee records gain against US dollar

Settles at 277.66

Updated 12 Aug, 2026 07:22pm

Forex

Indian rupee nudges up on RBI intervention; investors eye inflation data

Indian rupee ended at 95.33 per U.S. dollar

Published 12 Aug, 2026 04:28pm

Stocks

Higher oil, fall in Tata stocks drag Indian shares lower; inflation data in focus

Nifty 50 declined 0.15% to 24,435.95 and Sensex shed 0.24% to 77,966.35

Published 12 Aug, 2026 04:24pm

South Asia

India July inflation accelerates to 4.45%, unlikely to alter RBI rate outlook

India’s food inflation climbed to 5.52% in July from 5.32% in June

Published 12 Aug, 2026 04:21pm

Business & Finance

Pakistan to establish 150-acre auto processing zone at Port Qasim

AIRE Park could generate annual net foreign exchange surplus of around $200mn

Published 12 Aug, 2026 04:08pm

Financial

Gold price per tola gains Rs4,200 in Pakistan

Reaches Rs463,936

Updated 12 Aug, 2026 06:22pm

Markets

Basmati battle: Australian court rejects India’s plea as Pakistan secures major legal win

Outcome protects commercial, intellectual-property interests of Pakistan’s Basmati growers

Updated 12 Aug, 2026 08:46pm

Money & Banking

Adil Salahuddin to assume Standard Chartered Pakistan CEO charge after SBP clearance

Salahuddin brings more than 30 years of banking experience

Published 12 Aug, 2026 02:32pm

Stocks

SECP launches Shariah-compliant brokerage segment for stock market investors

The Securities and Exchange Commission of Pakistan (SECP) has established a Shariah-compliant brokerage segment to...

Published 12 Aug, 2026 02:15pm

Stocks

European stocks tread water ahead of US inflation data

The pan-European STOXX 600 was little changed at 661.26 points

Published 12 Aug, 2026 01:10pm

Technology

Google's Gemini AI assistant reaches one billion users

The milestone, which Google calculated based on how many people use the Gemini app across its ecosystem

Published 12 Aug, 2026 12:34pm

Companies

Trading the August stagflation trap: why EUR/USD needs patience, not prediction

Not every difficult market is highly volatile. Some of the hardest trading environments are those where uncertainty...

Published 12 Aug, 2026 12:17pm

Markets

BNP Paribas' Polish unit posts 18% profit drop on higher taxes

Net fee and commission income grew 7.6% to 353 million zlotys, above the market forecast

Published 12 Aug, 2026 11:53am

Energy

Expanding OMC operations: HTL to develop oil storage depot in Sindh

Oil depot to enhance supply chain and market presence in southern Pakistan

Published 12 Aug, 2026 11:51am

Mutual Funds

Japan bond yields rise on faster BOJ rate hike bets, inflation concerns

The benchmark 10-year JGB yield rose 4.5 basis points (bps) to 2.850%

Published 12 Aug, 2026 11:50am

Markets

Romanian inflation at 8.16% y/y in July, above expectations

Data showed prices rose 0.58% on the month in July, with food prices down 0.29%

Published 12 Aug, 2026 11:49am

Markets

Taiwan's Foxconn reports 35% rise in Q2 profit, beats forecasts

Net profit for the April to June period for Nvidia’s biggest server maker and Apple’s top iPhone assembler was T$59.97 billion

Published 12 Aug, 2026 11:47am

Stocks

South Korean shares rise as chipmakers jump

The benchmark KOSPI was up 219.73 points, or 3.46%, at 6,565.26

Published 12 Aug, 2026 11:16am

Mutual Funds

India bonds set to open little changed ahead of local, US inflation data

The yield on the benchmark 6.94% 2036 bond is expected to trade in the 6.76% to 6.80% range

Published 12 Aug, 2026 11:14am

Forex

Yuan steady near 3-1/2-year high as markets watch for US inflation data

The offshore yuan traded at 6.7479 yuan per dollar, down about 0.02% in Asian trade

Published 12 Aug, 2026 11:13am

Stocks

Chinese shares edge higher as tech leads

The Shanghai Composite index was up 0.3% at 3,946.51 points

Published 12 Aug, 2026 11:12am

Commodities

Wheat rises on Black Sea disruptions; market eyes USDA report

The most-active wheat contract on the Chicago Board of Trade rose 0.6% to $6.34 a bushel

Published 12 Aug, 2026 11:09am

Commodities

Palm oil tracks Dalian rivals lower

Palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange lost 31 ringgit, or 0.65%, to 4,717 ringgit a metric ton

Published 12 Aug, 2026 11:06am

Forex

Australian, NZ dollars hold steady; hawkish RBA lends support

The kiwi dollar was also steady at $0.5881, after hardly budging overnight

Published 12 Aug, 2026 11:05am

Stocks

Japan's Nikkei struggles for direction as investors await US CPI data

The Nikkei was last up 0.06% at 67,011.66

Published 12 Aug, 2026 11:03am

Technology

PTA imposes Rs77.8mn fine on CM Pak for SIM geo-fencing breach

Regulator finds CM Pak responsible for allowing SIM sales beyond the designated geo-location of an authorised sales channel

Updated 12 Aug, 2026 11:35am

Mutual Funds

Vietnam raises $291mn in government bond auction

The uptake was also higher, with 58% of the bonds on offer sold, compared with 55% last week

Published 12 Aug, 2026 11:01am

Companies

Wahdat Poultry acquires land for pasteurization plant

Land funded through the proceeds of the company’s IPO

Published 12 Aug, 2026 10:32am

Bullion Rate

Gold rebounds towards 10-week high as markets brace for US CPI data

Spot gold gained 0.9% to $4,406.34 per ounce

Published 12 Aug, 2026 10:23am

Stocks

PSX: Buying returns as KSE-100 gains over 400 points

Benchmark index settles at 180,311.21

Updated 12 Aug, 2026 07:09pm

Forex

Oil-driven dollar demand to pressure Indian rupee; RBI blunts losses

The Indian rupee is expected to open in the 95.46-95.48 range, traders said, after settling at 95.4350 per dollar on Tuesday

Published 12 Aug, 2026 08:10am

Markets

Chair of India's Tata to step down after tension with controlling charity

Disagreements have simmered over recent months between Chandrasekaran, 63, and Tata Trusts

Updated 12 Aug, 2026 04:57pm

Stocks

Oil, gold prices rise as geopolitical tensions mount before CPI

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%

Published 12 Aug, 2026 08:01am

Stocks

Indian shares may open higher, elevated crude prices to weigh

GIFT Nifty futures ‌were at 24,553 points

Published 12 Aug, 2026 07:54am

Forex

Dollar drifts as markets await US inflation data for Fed clues

The yen was flat against the dollar at 159.335 ye

Published 12 Aug, 2026 07:52am

Energy

Oil prices little changed as investors weigh lower demand against US-Iran talks deadlock

Brent futures were down 3 cents at $88.88 a barrel

Updated 12 Aug, 2026 09:52pm

Business & Finance

AIIAP, JIAP outsourcing, sell-off of two Discos approved

ISLAMABAD: The Privatisation Commission (PC) Board accorded approvals relating to the outsourcing of Allama Iqbal...

Published 12 Aug, 2026 06:04am

Companies

10Pearls enters into strategic partnership with Novacare

KARACHI: 10Pearls has entered into a strategic technology partnership with Novacare to support the development of...

Published 12 Aug, 2026 06:04am

Companies

BYD Freedom Festival launched

KARACHI: BYD Pakistan has launched the BYD Freedom Festival, a limited-time offer that gives customers a...

Published 12 Aug, 2026 06:04am

Business & Finance

Petroleum dealers warn of indefinite nationwide shutdown

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) has given the government 72 hours to address its demands,...

Published 12 Aug, 2026 06:04am

Business & Finance

Tax Year 2026: KTBA raises its concerns over income tax return form

KARACHI: Karachi Tax Bar Association (KTBA) has raised concerns on the income tax return form for Tax Year 2026. In...

Published 12 Aug, 2026 06:04am

Business & Finance

Makkah Accord needs to be extended to include trade cooperation: KATI

KARACHI: President of the Korangi Association of Trade and Industry (KATI) Muhammad Ikram Rajput has said the Makkah...

Published 12 Aug, 2026 06:04am

Business & Finance

Goods transporters’ strike: Disruption brings export logistics to a standstill: PTEA

FAISALABAD: The Textile export industry is highly perturbed over the suspension of cargo traffic due to the...

Published 12 Aug, 2026 06:04am

Business & Finance

PSMA urges govt again to allow surplus sugar exports

LAHORE: Pakistan Sugar Mills Association (PSMA) has written a third letter to Federal Minister for National Food...

Published 12 Aug, 2026 06:04am

Business & Finance

ATIR gives landmark ruling on scope of revisional jurisdiction under ITO

ISLAMABAD: In a landmark ruling on the scope of revisional jurisdiction under the Income Tax Ordinance, 2001, the...

Published 12 Aug, 2026 06:04am

Business & Finance

Chinese, Pakistani businessmen explore new avenues for JVs

ISLAMABAD: Chinese and Pakistani business communities have expressed interest in joint ventures, exploring the...

Published 12 Aug, 2026 06:04am

Business & Finance

Artificial intelligence and digital tools: Over 1,000 SMEs across nine cities will receive training

ISLAMABAD: More than 1,000 small and medium-sized enterprises (SMEs) across nine cities will receive training in...

Published 12 Aug, 2026 06:04am

Business & Finance

FBR seals ‘clandestine cigarette-making unit in Chakwal

ISLAMABAD: The Federal Board of Revenue (FBR), in a major enforcement action against illicit cigarette...

Published 12 Aug, 2026 06:04am

Business & Finance

SECP showcases success stories, eyes 2.5m investors

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday showcased IPO success stories,...

Published 12 Aug, 2026 06:04am

Companies

Botim collaborates with Mastercard

KARACHI: Botim, the UAE’s leading fintech platform, has collaborated with Mastercard to launch region’s first...

Published 12 Aug, 2026 06:04am

Companies

JazzWorld to offer discount to FPCCI member bodies

KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has...

Published 12 Aug, 2026 06:04am

Business & Finance

PIBF to hold 3-day ‘Mera Brand Pakistan’ expo from 14th

LAHORE: The Pak International Business Forum (PIBF) is organising a three-day exhibition, “Mera Brand Pakistan,”...

Published 12 Aug, 2026 06:04am

Business & Finance

Social media influencers to pay 10pc WHT

ISLAMABAD: The new Withholding Tax Card 2026 issued by the Federal Board of Revenue (FBR) on Tuesday revealed that...

Updated 12 Aug, 2026 06:32am

Money & Banking

Bank holiday on 14th

KARACHI: The State Bank of Pakistan will remain closed on Friday, August 14, 2026 being public holiday on the...

Published 12 Aug, 2026 06:04am

Energy

Petrol price down by Rs1.70, HSD’s up by Rs1.39

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has updated ex-depot fuel prices, offering minor relief to...

Published 12 Aug, 2026 06:04am

Energy

Oil prices settle up

NEW YORK: Oil prices edged up to a one-week high on Tuesday as doubts about a potential US-Iran peace deal fuelled...

Published 12 Aug, 2026 06:04am

Business & Finance

CCP clears CVC’s acquisition of DSM-Firmenich’s ANH business

ISLAMABAD: The Competition Commission of Pakistan (CCP) has cleared CVC’s acquisition of DSM-Firmenich’s Animal...

Published 12 Aug, 2026 06:04am

Companies

MoRA appoints HBL Islamic as banking partner for Hajj 2027

ISLAMABAD: HBL, under its segment, HBL Islamic, has been appointed as the Exclusive Banking Partner for Hajj 2027,...

Published 12 Aug, 2026 06:04am

Business & Finance

Chinese delegation meets planning minister: ‘Pakistan is seeking to leverage CPEC 2.0 to accelerate industrialisation, boost exports’

ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that Pakistan is seeking to...

Published 12 Aug, 2026 06:04am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 13	277.85
USD PKR Interbank Buying / Aug 13	277.65
USD to Japanese Yen / Aug 14	159.32
USD to Swiss Franc / Aug 14	0.81
Pound Sterling to USD / Aug 14	1.35
Euro to USD / Aug 14	1.16
SOFR % / Aug 15	3.64

Stock	Volume
S&P 500 / Aug 14	7,785.76
India Sensex / Aug 14	78,009.25
Tokyo Nikkei / Aug 14	68,713.80
Nasdaq / Aug 14	26,729.16
Hang Seng / Aug 14	25,116.85
FTSE 100 / Aug 14	10,750.11
Dow Jones / Aug 14	53,732.41
Germany DAX 30 / Aug 14	26,440.31
France CAC40 / Aug 14	8,636.80

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 13	18,580
Gold 10 Grams PKR / Aug 13	394,749
Crude Oil USD/Barrel / Aug 14	82.40
Gold Spot USD/Ounce / Aug 14	4,376.40
Cotton US¢/pound / Aug 14	84.80
Petrol/Litre / Aug 17	325.43
Diesel/Litre / Aug 17	383.95

Gainers
Losers
Leaders

Stock	Price
Gammon Pak / Aug 13 Gammon Pakistan Limited(GAMON)	28.25 ▲ 2.57 (10.01%)
Ideal Dynamics / Aug 13 Ideal Dynamics Limited(IDEAL)	49.13 ▲ 4.47 (10.01%)
Leather Up Ltd. / Aug 13 Leather Up Limited(LEUL)	49.58 ▲ 4.51 (10.01%)
Al-Khair Gadoon / Aug 13 Al-Khair Gadoon Limited(AKGL)	79.51 ▲ 7.23 (10%)
Arctic Textile / Aug 13 Arctic Textile Mills Limited(ARCTM)	47.19 ▲ 4.29 (10%)
Aisha Steel (CPS) / Aug 13 Aisha Steel Mills Limited (CPS)(ASLCPS)	114.83 ▲ 10.44 (10%)
Asim Textile / Aug 13 Asim Textile Mills Limited(ASTM)	90.50 ▲ 8.23 (10%)
Buxly Paints / Aug 13 Buxly Paints Limited(BUXL)	336.04 ▲ 30.55 (10%)
J.A.Textile / Aug 13 J.A. Textile Mills Limited(JATM)	68.84 ▲ 6.26 (10%)
MACPAC Films / Aug 13 MACPAC Films Limited(MACFL)	73.07 ▲ 6.64 (10%)

Stock	Price
Supernet Tech. / Aug 13 Supernet Technologies Limited(STL)	29.87 ▼ -11.86 (-28.42%)
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	13.56 ▼ -1.51 (-10.02%)
Universal Ins. / Aug 13 The Universal Insurance Company Limited(UVIC)	20.71 ▼ -2.3 (-10%)
Mughal Energy / Aug 13 Mughal Energy Limited(GEM)(GEMMEL)	27.20 ▼ -2.72 (-9.09%)
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	5.11 ▼ -0.46 (-8.26%)
Tri-Star Mutual / Aug 13 Tri-Star Mutual Fund Limited(TSMF)	17.14 ▼ -1.43 (-7.7%)
Asia Ins. / Aug 13 Asia Insurance Company Limited(ASIC)	39.82 ▼ -3.18 (-7.4%)
ARM Green Industries / Aug 13 ARM Green Industries Limited(ARMG)	55.60 ▼ -4.43 (-7.38%)
Shadman Cotton / Aug 13 Shadman Cotton Mills Limited(SHCM)	64.02 ▼ -4.9 (-7.11%)
Pak Tobacco / Aug 13 Pakistan Tobacco Company Limited(PAKT)	1,364.29 ▼ -96.5 (-6.61%)

Stock	Volume
Cnergyico PK / Aug 13 Cnergyico PK Limited(CNERGY)	247,072,281 ▲ 0.57
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	103,802,064 ▼ -0.46
Pak Refinery / Aug 13 Pakistan Refinery Limited(PRL)	40,235,369 ▲ 5.93
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	39,092,471 ▼ -1.51
WorldCall Telecom / Aug 13 Worldcall Telecom Limited(WTL)	26,025,744 ▲ 0.01
Thatta Cement / Aug 13 Thatta Cement Company Limited(THCCL)	19,608,245 ▲ 3.36
B.O.Punjab / Aug 13 The Bank of Punjab(BOP)	16,204,913 ▲ 0.18
Hascol Petrol / Aug 13 Hascol Petroleum Limited(HASCOL)	15,337,298 ▼ -0.48
TPL Properties / Aug 13 TPL Properties Limited(TPLP)	15,140,554 ▼ -0.31
TPL Corp Ltd / Aug 13 TPL Corp Limited(TPL)	14,138,754 ▲ 0.53

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