News Archives for Business & Finance - 2026-08-29 - Business Recorder

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Oct 05, 2026 اردو

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Business & Finance - 2026-08-29

Pakistan retires record Rs1.2tn domestic debt ahead of maturity: Khurram Schehzad

Business & Finance

Pakistan retires record Rs1.2tn domestic debt ahead of maturity: Khurram Schehzad

The adviser said the measures form part of a broader shift towards active sovereign liability management

Updated 29 Aug, 2026 04:36pm

'False and misleading': Govt denies cancelling 4,500MW power component of Diamer-Bhasha Dam

Energy

'False and misleading': Govt denies cancelling 4,500MW power component of Diamer-Bhasha Dam

Diamer-Bhasha Dam generation component is a “committed project in both existing and future IGCEP documents”, says Power Division

Published 29 Aug, 2026 03:42pm

Gold price per tola plunges Rs15,100 in Pakistan

Commodities

Gold price per tola plunges Rs15,100 in Pakistan

International rate of gold declines by $151 to reach $4,454 per ounce

Updated 29 Aug, 2026 10:45pm

Govt extends IESCO EOI submission deadline to Sept 21

Energy

Govt extends IESCO EOI submission deadline to Sept 21

Extension has been granted to facilitate interested local and international investors

Published 29 Aug, 2026 02:32pm

Temasek backs Singapore Airlines' Air India investment amid growing scrutiny

Companies

Temasek backs Singapore Airlines' Air India investment amid growing scrutiny

Temasek supports Singapore Airlines' long-term Air India investment, acknowledging its complex, multi-year transformation challenges

Published 29 Aug, 2026 02:23pm

OpenAI to cut off AI models for SpaceX-owned Cursor, escalating feud with Musk

Markets

OpenAI to cut off AI models for SpaceX-owned Cursor, escalating feud with Musk

'We are making this choice because we cannot be confident that SpaceX will use our technology within our terms of service,' says OpenAI

Published 29 Aug, 2026 02:20pm

Pakistani seafood earns a place on European shelves— a major export milestone

Business & Finance

Pakistani seafood earns a place on European shelves— a major export milestone

Pakistan’s seafood industry has achieved a significant milestone as Pakistan-origin seafood products are now...

Published 29 Aug, 2026 01:07pm

IMF review: Pakistan expected to meet all targets, says AHL

Business & Finance

IMF review: Pakistan expected to meet all targets, says AHL

The staff mission is scheduled to visit Pakistan next month

Updated 29 Aug, 2026 10:55pm

Honda, Nissan to reach deal on joint development of vehicle software, Nikkei reports

Companies

Honda, Nissan to reach deal on joint development of vehicle software, Nikkei reports

Honda and Nissan are reportedly in advanced talks to develop a shared operating system for future cars, aiming for a 2029 launch

Published 29 Aug, 2026 11:33am

Japan spent record USD96bn in yen interventions

Business & Finance

Japan spent record USD96bn in yen interventions

TOKYO: Japan spent 15.4 trillion yen (USD 96 billion) to boost the yen between late July and late August, the...

Published 29 Aug, 2026 06:35am

Agriculture, food security, water management: Pakistan, KSA agree to expand cooperation

Pakistan

Agriculture, food security, water management: Pakistan, KSA agree to expand cooperation

ISLAMABAD: In a bid to turn their longstanding ties into stronger economic and investment links, Pakistan and Saudi...

Published 29 Aug, 2026 06:19am

Imports of polyester filament yarn-DTY: NTC imposes anti-dumping duties

Business & Finance

Imports of polyester filament yarn-DTY: NTC imposes anti-dumping duties

ISLAMABAD: The National Tariff Commission (NTC) has imposed definitive anti-dumping duties on imports of polyester...

Published 29 Aug, 2026 05:25am

Punjab, Huawei agree to expand AI, digital cooperation

Business & Finance

Punjab, Huawei agree to expand AI, digital cooperation

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif, accompanied by a delegation, met senior officials of Chinese...

Published 29 Aug, 2026 05:25am

Decision to modernize PNSC ships hailed

Business & Finance

Decision to modernize PNSC ships hailed

KARACHI: Mian Zahid Hussain, president of the Pakistan Businessmen and Intellectuals Forum, has said that all ship...

Published 29 Aug, 2026 05:25am

Petrol rate cut by 58 paise, HSD’s by 17 paise

Energy

Petrol rate cut by 58 paise, HSD’s by 17 paise

ISLAMABAD: The government on Friday announced a nominal reduction in fuel prices, which will remain applicable for...

Published 29 Aug, 2026 05:25am

Ogra announces cut in RLNG prices

Energy

Ogra announces cut in RLNG prices

The new rates are calculated based on a single LNG cargo imported by PSO

Published 29 Aug, 2026 05:25am

SECP starts unified digital investor onboarding framework

Business & Finance

SECP starts unified digital investor onboarding framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced a unified digital investor...

Published 29 Aug, 2026 05:25am

BOP delivers record 1H’26 results, announces interim dividend of 16pc

Money & Banking

BOP delivers record 1H’26 results, announces interim dividend of 16pc

LAHORE: The Bank of Punjab (BOP) on Friday announced its unaudited financial results for the half year ended June...

Published 29 Aug, 2026 05:25am

Abdul Wahid Sethi assumes charge as Acting President & CEO of NBP

Companies

Abdul Wahid Sethi assumes charge as Acting President & CEO of NBP

KARACHI: Abdul Wahid Sethi has assumed charge as the Acting President & Chief Executive Officer (CEO) of the...

Published 29 Aug, 2026 05:25am

Revision of regulatory framework governing drug pricing ordered

Pakistan

Revision of regulatory framework governing drug pricing ordered

ISLAMABAD: Federal Minister for Economic Affairs and Establishment Division, Senator Ahad Cheema, has directed the...

Published 29 Aug, 2026 05:25am

KATI delegation to attend trade expo in Indonesia

Industry

KATI delegation to attend trade expo in Indonesia

KARACHI: A delegation of the Korangi Association of Trade and Industry (KATI)will participate in Trade Expo...

Published 29 Aug, 2026 05:25am

UIG announces United Digital Life Insurance initiative

Companies

UIG announces United Digital Life Insurance initiative

LAHORE: United International Group (UIG) announced that the Board of Directors of The United Insurance Company of...

Published 29 Aug, 2026 05:25am

Fed chair signals ‘work to do’ on high US inflation

Business & Finance

Fed chair signals ‘work to do’ on high US inflation

WASHINGTON: US Federal Reserve chair Kevin Warsh on Friday offered rare insight into his economic outlook, flagging...

Published 29 Aug, 2026 05:25am

Philippine peso hits all-time low on energy woes

Money & Banking

Philippine peso hits all-time low on energy woes

BENGALURU: The Philippine peso slid to a record low on Friday as concerns over energy costs and weak inflows weighed...

Published 29 Aug, 2026 05:25am

Wafi Energy posts Rs1.523bn PAT for 1H

Companies

Wafi Energy posts Rs1.523bn PAT for 1H

KARACHI: Wafi Energy Pakistan Limited (Wafi Energy) reported a profit after tax of PKR 1,523 million for the half...

Published 29 Aug, 2026 05:25am

Uninterrupted nationwide fuel supply chain: Malik commends PSO for its exceptional resilience

Business & Finance

Uninterrupted nationwide fuel supply chain: Malik commends PSO for its exceptional resilience

KARACHI: Pakistan State Oil (PSO), the nation’s largest energy company, Friday welcomed the Federal Minister for...

Published 29 Aug, 2026 05:25am

IMC to plant 1 million saplings

Companies

IMC to plant 1 million saplings

KARACHI: Indus Motor Company Limited (IMC) (Toyota) has achieved a landmark environmental milestone by becoming the...

Published 29 Aug, 2026 05:25am

FY26 ICT export remittances surge 19.7pc YoY

Business & Finance

FY26 ICT export remittances surge 19.7pc YoY

KARACHI: Pakistan’s information and communication technology (ICT) sector maintained growth momentum during 2025-26,...

Published 29 Aug, 2026 05:25am

‘Punjab Data Lake’ launched: CM urges Chinese companies to invest in her province

Pakistan

‘Punjab Data Lake’ launched: CM urges Chinese companies to invest in her province

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has announced the launch of Punjab’s first dedicated data centre,...

Published 29 Aug, 2026 05:25am

Al Baraka Group’s net income rises to USD204m in 1H2026

Money & Banking

Al Baraka Group’s net income rises to USD204m in 1H2026

MANAMA: Al Baraka Group B.S.C. (C) announced its financial results for the second quarter and first half ended 30...

Published 29 Aug, 2026 05:25am

NBP announces Rs32.4bn net profit for 1HCY2026

Money & Banking

NBP announces Rs32.4bn net profit for 1HCY2026

KARACHI: National Bank of Pakistan (NBP) delivered a resilient performance in the first half of calendar year 2026,...

Published 29 Aug, 2026 05:25am

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

Income tax calculator for FY 2026-27

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