News Archives for Business & Finance - 2026-08-28

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Business & Finance - 2026-08-28

Pakistan

Govt reduces petrol price by Re0.58, diesel by Re0.17 per litre

New prices will remain effective until Monday

Published 28 Aug, 2026 11:08pm

Technology

Pakistan forms $10mn fund for startups

Federal Minister for IT and Telecom Shaza Fatima Khawaja on Friday announced a $10 million fund under the second...

Published 28 Aug, 2026 10:53pm

Markets

SBP injects over Rs12.24 trillion in market

The State Bank of Pakistan (SBP) on Friday injected Rs12.240.8 trillion through Reverse Repo Purchase and Shariah...

Published 28 Aug, 2026 09:41pm

Business & Finance

PC Board prequalifies 10 interested parties for FESCO privatisation

Prequalified parties will now proceed to next stage of transaction in accordance with approved process, including access to Virtual Data Room (VDR) for detailed buy-side due diligence

Published 28 Aug, 2026 09:10pm

Markets

India's NBFC body asks RBI to ease restrictions on revolving credit

India's NBFCs are challenging RBI's proposed ban on revolving credit, fearing it will severely restrict funding for small and medium enterprises

Published 28 Aug, 2026 06:51pm

Financial

India's 10-year bond yield scales over 2-month peak ahead of Warsh speech

Benchmark 6.94% 2036 bond yield breached the key 6.90% mark to end at 6.9108%

Published 28 Aug, 2026 06:02pm

Financial

India's forex reserves hit record $729 billion on sustained capital inflows

India's foreign exchange reserves climbed to a record $729.33 billion, boosted by significant inflows and strategic central bank actions

Published 28 Aug, 2026 05:47pm

Stocks

Sri Lankan shares end higher on gains in consumer staples stocks

CSE All Share index settled up 0.17% at 21,315.91

Published 28 Aug, 2026 05:40pm

Markets

Hard-handed Indian official urges food firms to be ethical amid labelling, ingredients row

Indian food safety chief calls for ethical, consistent nutrition standards from companies for products sold worldwide

Published 28 Aug, 2026 05:21pm

Commodities

Zinc nears $4,000 and on track for biggest monthly jump since January

Benchmark three-month zinc on the London Metal Exchange was up 1.6% at $3,947 a metric ton

Published 28 Aug, 2026 05:16pm

Commodities

Palm logs weekly loss, snaps three-week winning streak

Dalian’s most-active soyoil contract rose 1.67%

Published 28 Aug, 2026 05:11pm

Stocks

Indian shares post weekly loss as Fed jitters, closing auction weigh

Nifty 50 rose 0.35% to 24,175.65 points, while the BSE Sensex added 0.43% to 77,264.51

Published 28 Aug, 2026 05:06pm

South Asia

India's July industrial output growth slows to 6.7% y/y as mining contracts

India's industrial output growth slowed to 6.7% in July, impacted by a contraction in mining and easing manufacturing

Published 28 Aug, 2026 04:52pm

Forex

Indian rupee gains this week as dollar supply surges ahead of deposit window's close

Indian rupee ended at 95.3775, up 0.2% from Thursday’s close of 95.54

Published 28 Aug, 2026 04:45pm

Financial

LeapFrog plans up to $100mn in India healthcare investments over two years

LeapFrog targets India's healthcare, a $180 billion sector projected to reach $320 billion by 2028, driven by high demand

Published 28 Aug, 2026 04:03pm

Exchange

Rupee records marginal gain against US dollar

Settles at 277.50 against greenback

Updated 28 Aug, 2026 08:17pm

Markets

India plans bigger institutional role in public offers by small firms, sources say

India's regulator plans stricter SME IPO rules, including institutional quotas, to prevent fund misuse and enhance market integrity

Published 28 Aug, 2026 03:59pm

Energy

Govt, PSO explore measures to bolster strategic reserves amid global fuel volatility

Malik assured PSO of the government’s full support in fostering a balanced energy ecosystem

Published 28 Aug, 2026 02:37pm

Business & Finance

Tax reforms must be fully implemented within set timeframe: PM

Chairs weekly review meeting on the reforms of the Federal Board of Revenue

Published 28 Aug, 2026 02:09pm

Financial

Gold price per tola remains unchanged in Pakistan

Sold at Rs483,036

Updated 28 Aug, 2026 08:02pm

Business & Finance

PTA admits mobile tariffs rose up to 22% over past year

Says annual increase translated into a monthly tariff increase of around 1-2%, rejecting claims that telecom companies have been raising prices by 10-20% every month

Updated 28 Aug, 2026 02:50pm

Business & Finance

Remove entry barriers: SECP launches 1-day account opening for investors

Framework particularly aims to facilitate first-time and digital investors

Published 28 Aug, 2026 12:42pm

Companies

JazzCash channels PKR 90bn to public sector, development beneficiaries in 2026: Arif Chaudhary

JazzCash has disbursed over PKR 90 billion on behalf of government and development sector partners so far this year,...

Published 28 Aug, 2026 12:25pm

Business & Finance

Govt mulls revision of DRAP pricing formula

Says drug-pricing decisions have a direct impact on millions of households

Published 28 Aug, 2026 12:08pm

Stocks

South Korea shares to log second weekly decline

The benchmark KOSPI was down 74.15 points, or 1.07%, at 6,838.22

Published 28 Aug, 2026 12:02pm

Stocks

Australian equities gain on tech boost, set for marginal weekly gain

The S&P/ASX 200 index was up 0.3% at 9,068.90 points

Published 28 Aug, 2026 11:58am

Mutual Funds

Fresh supply to further pinch already weak sentiment for Indian bonds

The yield on the benchmark 6.94% 2036 bond is expected to trade between 6.87% and 6.90% till the debt auction

Published 28 Aug, 2026 11:57am

Commodities

Chicago wheat holds near three-year high on Black Sea tensions

Corn and soybeans also gained

Published 28 Aug, 2026 11:55am

Stocks

Japan's Nikkei rises as tech stocks rally ahead of Warsh speech

The Nikkei rose 0.8% to 66,682.88 as of the midday recess

Published 28 Aug, 2026 11:54am

Energy

Chinese state oil giant CNOOC sees potential for US-China energy cooperation

China was a buyer of US oil and gas until Beijing imposed tariffs on the products during last year's trade war

Published 28 Aug, 2026 11:53am

Forex

Thai baht/US dollar weaker on Friday

The baht was 0.23% lower at 32.93 versus the dollar, after trading in a range of 32.875 to 32.990

Published 28 Aug, 2026 11:42am

Forex

China's yuan steady as US monetary policy in focus

The Chinese currency was also flat for the week, as analysts say China’s central bank is happy to see low volatility in yuan trading

Published 28 Aug, 2026 11:41am

Commodities

Copper rises, set for eighth weekly gain on falling LME stocks

Copper on the LME was up 0.22% at $14,314.5 a metric ton

Published 28 Aug, 2026 11:37am

Currency

Pakistan, Hong Kong explore cooperation on digital bonds, tokenised capital

Tokenisation's role in attracting global capital for Pakistan

Published 28 Aug, 2026 11:27am

Forex

Australian dollar extends winning streak to ninth week as rate outlook shifts

Three-year government bond yields jumped 10 basis points this week to 4.679%

Published 28 Aug, 2026 11:22am

Markets

Philippine central bank sees August inflation at 5.5% to 6.5%

The statistics agency will release inflation data on Friday, September 4

Published 28 Aug, 2026 11:20am

Markets

Toyota sales, production fall on sharp declines in China, Middle East

Global sales fell 4.8% from a year earlier to 856,125 vehicles, while production dropped 2.1%

Published 28 Aug, 2026 11:18am

Mutual Funds

JGB yields rise after weak auction as inflation worries simmer

The 5-year JGB yield rose 4 bps to 2.195%, a record high

Published 28 Aug, 2026 11:16am

Stocks

China stocks steady, Hong Kong shares rise after Wall Street's gains

Hong Kong stocks gained following strength on Wall Street overnight

Published 28 Aug, 2026 11:14am

Markets

Google changes spam policy in EU to avert antitrust fine

The US tech giant found itself in EU regulators' crosshairs after publishers complained about its site reputation abuse policy

Published 28 Aug, 2026 10:50am

Business & Finance

PM Shehbaz calls for deeper Pak-Saudi economic ties post Makkah Defence Pact

Holds meeting with the Minister of Environment, Water and Agriculture of the Kingdom of Saudi Arabia

Updated 28 Aug, 2026 09:18pm

Commodities

Palm rises but poised to snap three-week winning streak

Palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 43 ringgit, or 0.89%, at 4,859 ringgit ($1,206.61) a metric ton

Published 28 Aug, 2026 10:45am

Energy

Pakistan refineries set to ink $6bn upgrade deals

Agreements expected to be signed early next month

Updated 28 Aug, 2026 09:44pm

Stocks

PSX: KSE-100 gains 374 points amid volatile trading

Benchmark index settles at 177,696.50 points

Updated 28 Aug, 2026 06:47pm

Business & Finance

UAE business magnate for expanding trade, investment cooperation

KARACHI: United Arab Emirates business magnate and Chairman of Al Zarooni Group, Suhail Muhammad Al Zarooni has...

Published 28 Aug, 2026 08:22am

Industry

Unpredictable fuel pricing mechanism hurting industry: SAI

KARACHI: Abdul Rehman Fudda, President of the SITE Association of Industry Karachi, warned that Pakistan’s...

Published 28 Aug, 2026 08:21am

Forex

Indian rupee to hold near 95.50; RBI blunts flow-driven pressure before Warsh speech

The Indian rupee is expected to open in the 95.50-95.55 range, according to traders, having settled at 95.54 to the dollar on Thursday

Published 28 Aug, 2026 08:11am

Business & Finance

Mandviwalla assures PCDMA to take up key issues at parliamentary level

KARACHI: Chairman Senate Standing Committee on Finance & Revenue Senator Saleem Mandviwalla has assured the...

Published 28 Aug, 2026 08:10am

Industry

Indonesia, KATI push for stronger trade links

KARACHI: Indonesia and Pakistan should move beyond simply trading more and focus on connecting their industries more...

Published 28 Aug, 2026 08:08am

Stocks

Indian shares set to open higher; Fed chair speech, closing auction volatility in focus

GIFT Nifty futures were at 24,262 points

Published 28 Aug, 2026 08:06am

Business & Finance

Govt urged to accelerate reform process

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

Published 28 Aug, 2026 08:05am

Companies

Dandot Cement finalises financing for WHR plant

LAHORE: Dandot Cement Company Limited (PSX: DNCC) has finalised financing for its Waste Heat Recovery (WHR) Plant,...

Published 28 Aug, 2026 08:03am

Stocks

Shares turn cautious ahead of Warsh speech; FX, bonds hold breath

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1%

Published 28 Aug, 2026 08:03am

Forex

Dollar flat near one-week high as investors await Warsh's Jackson Hole debut

The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597

Published 28 Aug, 2026 07:58am

Energy

Oil slides on clues about Fed policy, rumors of Hormuz deal

Brent crude futures were down 38 cents or 0.42% at $89.32 a barrel

Updated 28 Aug, 2026 09:57pm

Bullion Rate

Gold slips as Fed chief Warsh's Jackson Hole speech looms

Spot gold fell 0.5% to $4,576.30 per ounce

Published 28 Aug, 2026 05:28am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 2	277.27
USD PKR Interbank Buying / Oct 2	277.07
USD to Japanese Yen / Oct 2	157.85
USD to Swiss Franc / Oct 2	0.83
Pound Sterling to USD / Oct 2	1.32
Euro to USD / Oct 2	1.13
SOFR % / Oct 1	3.87

Stock	Volume
India Sensex / Oct 1	71,909.70
S&P 500 / Oct 2	7,722.72
Tokyo Nikkei / Oct 2	68,309.46
Nasdaq / Oct 2	27,190.86
Hang Seng / Oct 2	23,972.29
FTSE 100 / Oct 2	10,461.95
Dow Jones / Oct 2	51,176.96
Germany DAX 30 / Oct 2	25,231.20
France CAC40 / Oct 2	7,897.19

Item	Value
Crude Oil USD/Barrel / Oct 2	91.11
Karachi Cotton PKR/37.32 KG / Oct 2	18,280
Gold 10 Grams PKR / Oct 2	377,774
Gold Spot USD/Ounce / Oct 2	4,141.19
Cotton US¢/pound / Oct 2	78.88
Petrol/Litre / Oct 5	392.76
Diesel/Litre / Oct 5	399.64

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Oct 2 Dewan Sugar Mills Limited(DWSM)	7.21 ▲ 1 (16.1%)
Apna Microfin. / Oct 2 Apna Microfinance Bank Limited(AMBL)	19.88 ▲ 1.81 (10.02%)
Dandot Cement / Oct 2 Dandot Cement Company Limited(DNCC)	19.87 ▲ 1.81 (10.02%)
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	17.25 ▲ 1.57 (10.01%)
Arpak Int. / Oct 2 Arpak International Investments Ltd.(ARPAK)	141.82 ▲ 12.89 (10%)
First Imrooz Mod. / Oct 2 First Imrooz Modaraba(FIMM)	315.63 ▲ 28.69 (10%)
Mandviwala / Oct 2 Mandviwala Mauser Plastic Industries(MWMP)	93.26 ▲ 8.48 (10%)
Noon Sugar / Oct 2 Noon Sugar Mills Limited(NONS)	87 ▲ 7.91 (10%)
Towellers Ltd. / Oct 2 Towellers Limited(TOWL)	132.36 ▲ 12.03 (10%)
Kohinoor Energy / Oct 2 Kohinoor Energy Limited(KOHE)	16.76 ▲ 1.52 (9.97%)

Stock	Price
F.Credit & Inv / Oct 2 First Credit and Investment Bank Limited(FCIBL)	35.70 ▼ -3.97 (-10.01%)
Ashfaq Textile / Oct 2 Ashfaq Textile Mills Limited(ASHT)	40.96 ▼ -4.55 (-10%)
Asim Textile / Oct 2 Asim Textile Mills Limited(ASTM)	112.10 ▼ -12.46 (-10%)
Buxly Paints / Oct 2 Buxly Paints Limited(BUXL)	418.57 ▼ -46.51 (-10%)
First Tri-Star Mod. / Oct 2 First Tri-Star Modaraba(FTSM)	39.63 ▼ -4.4 (-9.99%)
First Punjab Modaraba / Oct 2 First Punjab Modaraba(FPJM)	23.53 ▼ -2.61 (-9.98%)
Dadex Eternit / Oct 2 Dadex Eternit Limited(DADX)	131.41 ▼ -12.77 (-8.86%)
Barkat Frisian Agro / Oct 2 Barkat Frisian Agro Limited(BFAGRO)	28.51 ▼ -2.71 (-8.68%)
JS Global Cap. / Oct 2 JS Global Capital Limited(JSGCL)	137.38 ▼ -12.15 (-8.13%)
Oilboy Energy / Oct 2 Oilboy Energy Limited(OBOY)	17.03 ▼ -1.35 (-7.34%)

Stock	Volume
F. Nat.Equities / Oct 2 First National Equities Limited(FNEL)	42,508,520 ▲ 0.01
WorldCall Telecom / Oct 2 Worldcall Telecom Limited(WTL)	40,080,634 ▲ 0
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	29,509,663 ▲ 1.57
First Punjab Modaraba / Oct 2 First Punjab Modaraba(FPJM)	28,172,021 ▼ -2.61
Kohinoor Spinning / Oct 2 Kohinoor Spinning Mills Limited(KOSM)	25,073,393 ▼ -0.27
K-Electric Ltd. / Oct 2 K-Electric Limited(KEL)	23,525,673 ▼ -0.09
Pak Int.Bulk / Oct 2 Pakistan International Bulk Terminal(PIBTL)	22,226,008 ▼ -0.51
Cnergyico PK / Oct 2 Cnergyico PK Limited(CNERGY)	20,891,792 ▼ -0.26
Pak Refinery / Oct 2 Pakistan Refinery Limited(PRL)	17,786,560 ▼ -0.87
Tasdeeq Info. Serv. / Oct 2 Tasdeeq Information Services Limited(TISL)	12,475,872 ▼ -0.11

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