News Archives for Business & Finance - 2026-09-02

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Business & Finance - 2026-09-02

Business & Finance

Naya Nazimabad Apartments REIT book-building attracts total bids of around Rs4.5bn

Naya Nazimabad Apartments REIT response from investors, with its book-building process oversubscribed by 8 times and...

Published 02 Sep, 2026 08:49pm

Financial

Indian bonds join global debt selloff, bruised by oil and US Treasury yields

Benchmark 10-year U.S. Treasury yield, a global yardstick for borrowing costs, hovered at 4.81%

Published 02 Sep, 2026 07:18pm

World

Uber plans 10% workforce cut to trim management layers

Uber restructures to simplify its organization, reduce complexity, and optimize its workforce for future growth

Published 02 Sep, 2026 07:07pm

Markets

Indian central bank steps up rupee support, soaring NRI deposits bolster firepower

India's central bank is successfully defending the rupee, pushing it to a two-month high despite rising oil prices and US Treasury yields

Published 02 Sep, 2026 05:11pm

Commodities

India's soyoil imports hit record high in August and palm six-month peak, dealers say

Soyoil imports jumped 21% month-on-month to a record 601,000 tons

Published 02 Sep, 2026 05:01pm

Business & Finance

New ride-hailing platform ‘Drivver’ set to enter Pakistan market

Passengers and drivers using the Jazz network will be able to access the app without consuming mobile data

Updated 02 Sep, 2026 07:29pm

Financial

Capri Global completes debut dollar debt sale

India's Capri Global Capital successfully issues its first dollar bonds, raising $300 million at 7.55% after previous pricing challenges

Published 02 Sep, 2026 04:52pm

Commodities

Too weak, too strict: India's food warning labels draw fire from all sides

Proposed Indian food labels face backlash from health experts over loopholes and from industry fearing strict rules will red-flag nearly all products

Published 02 Sep, 2026 04:49pm

Commodities

Copper leads base metals lower as Middle East tensions flare up

Benchmark three-month copper on the London Metal Exchange fell 1% to $14,133 a metric ton

Published 02 Sep, 2026 04:41pm

Energy

India urged to review green finance rules, build workforce for nuclear expansion

India's nuclear power expansion to 100 GW requires urgent updates to financing rules and a stronger talent pool

Published 02 Sep, 2026 04:39pm

Commodities

Palm falls on profit-taking, weak demand

Dalian’s most-active soyoil contract rose 0.45%

Published 02 Sep, 2026 04:36pm

Forex

RBI backstop keeps Indian rupee stable, blunting importer dollar demand impact

Indian rupee opened at 94.89 against the U.S. dollar and briefly moved higher

Published 02 Sep, 2026 04:28pm

Stocks

Indian shares join global slide as Mideast woes mount

Nifty 50 fell 0.59% to 23,914.45 and the Sensex shed 0.49% to 76,570.35

Published 02 Sep, 2026 04:24pm

Financial

India Inc debt fundraising halves in August; rebound unlikely this month, bankers say

Spiking yields caused Indian corporate bond issuance to plunge in August, with little hope for a rebound in September's subdued market

Published 02 Sep, 2026 04:21pm

Exchange

Pakistani rupee records gain against US dollar

Settles at 277.45 against greenback

Updated 02 Sep, 2026 07:33pm

Energy

PLL reissues LNG tender as Pakistan faces electricity crunch: Bloomberg

Offers are due on Friday

Published 02 Sep, 2026 03:20pm

Commodities

Gold price per tola drops Rs11,300 in Pakistan

Price of silver decreases Rs270 per tola

Updated 02 Sep, 2026 06:28pm

Business & Finance

Pakistan, Kyrgyzstan agree to boost bilateral trade to $200mn in two years

Both countries finalised agreements on transit trade

Updated 02 Sep, 2026 07:14pm

Markets

Pakistan, Belgium seek closer maritime institutional ties

Pakistani students could benefit from training and educational opportunities at Belgian maritime institutions

Published 02 Sep, 2026 12:46pm

Companies

SECP probes alleged insider trading in Unity Foods shares

Regulator is seeking responses and records relating to unusual trading activity in Unity Foods shares

Published 02 Sep, 2026 12:22pm

Stocks

Shein shares slip more than 3% on second day of Hong Kong trading

The stock was trading at HK$46.94 in early trade Wednesday

Published 02 Sep, 2026 12:09pm

Commodities

Chicago wheat falls after scaling 3-1/2-year high on Black Sea supply concerns

The most-traded wheat contract on the Chicago Board of Trade (CBOT) was down 1.8% at $7.68-1/2 a bushel

Published 02 Sep, 2026 12:08pm

Mutual Funds

JGBs extend selloff as hawkish BOJ board member calls for faster-paced rate hikes

The 5-year bond yield jumped 4 basis points to a record high of 2.295%

Published 02 Sep, 2026 12:07pm

Markets

Bangladesh offers rooftop solar incentives to ease power shortages

The announcement comes after power shortages climbed to nearly 4,000 megawatts at their peak in August

Published 02 Sep, 2026 12:02pm

Commodities

Copper, zinc fall as strong dollar weighs on industrial metals

Copper on the London Metal Exchange was down 0.99% at $14,133.5 a metric ton

Published 02 Sep, 2026 11:39am

Mutual Funds

Saudi Arabia raises $3.25 billion in two-tranche sukuk sale, IFR reports

Citi, Goldman Sachs International, HSBC, JPMorgan and Standard Chartered acted as global coordinators and joint bookrunners

Published 02 Sep, 2026 11:38am

Business & Finance

Pakistan, Uzbekistan eye $2bn bilateral trade

Aim for nine weekly flights by October

Published 02 Sep, 2026 11:38am

Markets

Honda tells suppliers to cut costs in $9 billion push to fend off China, documents show

Honda, the world’s largest motorcycle manufacturer, is trying to fix its struggling car business

Published 02 Sep, 2026 11:32am

Stocks

China, HK stocks decline as sentiment hit by global bond selloff

Hong Kong benchmark Hang Seng dropped 1%

Published 02 Sep, 2026 11:25am

Mutual Funds

Indian bonds battered by global debt rout, oil rally

The yield on the benchmark 6.94% 2036 bond was up 3 basis points at 6.9883%

Published 02 Sep, 2026 11:22am

Forex

Philippine peso hits record low as rising oil prices pressure Asian assets

The Philippine peso hit a record low of 62.652 per US dollar

Published 02 Sep, 2026 11:20am

Markets

ECB must be prepared to lift interest rates further, top policymaker tells FT

Makhlouf said the central bank's decision next week will not be a surprise

Published 02 Sep, 2026 11:17am

Business & Finance

Airlift co-founder Usman Gul’s AI startup Metal raises $4.5mn seed

The AI platform provides deep intelligence and automation to assist startups’ funding rounds

Published 02 Sep, 2026 11:13am

Commodities

Palm retreats on profit-taking, weak demand

Palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange slid 21 ringgit, or 0.42%, to 4,952 ringgit

Published 02 Sep, 2026 11:13am

Forex

NZ dollar skids as RBNZ flags gradual hikes, Aussie supported

As a result, it projected rates at 2.81% by December and 3.15% at the end of 2027

Published 02 Sep, 2026 11:09am

Stocks

South Korean shares fall more than 3% as Iran war escalates

The benchmark KOSPI was down 214.27 points, or 3.13%, at 6,621.53

Published 02 Sep, 2026 11:07am

Forex

China's yuan eases as rising oil prices, higher US yields weigh

The spot yuan was 0.03% lower at 6.7225 to the dollar

Published 02 Sep, 2026 10:55am

Business & Finance

Pakistan’s BusCaro reports profitability for the first time

BusCaro’s annual revenue increased from $4.5 million to $6.5 million in its fourth year of operations

Updated 02 Sep, 2026 02:31pm

Stocks

Australian shares remain over 1% lower after GDP data, NZ hikes rates

The S&P/ASX 200 benchmark index was down 1.1% at 8,967 points

Published 02 Sep, 2026 10:53am

Stocks

Japan stocks fall as US-Iran strikes lift oil, bond yields

The Nikkei fell 2.95% to 64,254.56

Published 02 Sep, 2026 10:51am

Forex

Thai baht/US dollar weaker on Wednesday

The baht was 0.24% lower at 33.37 versus the dollar, after trading in a range of 33.290 to 33.410

Published 02 Sep, 2026 10:48am

Money & Banking

Meezan Bank approves over Rs31bn under Ghar Ho Tu Apna programme

Meezan Bank has already crossed Rs4 billion in cumulative disbursements

Published 02 Sep, 2026 10:41am

Stocks

PSX: KSE-100 falls nearly 1% amid geopolitical tensions

Benchmark index settles at 174,776.59

Updated 02 Sep, 2026 07:12pm

Mutual Funds

Bond selloff deepens as inflation, oil prices jolt markets

British yields hit their highest since 2008 on Tuesday

Published 02 Sep, 2026 08:27am

Forex

RBI's bid to lift Indian rupee put to test by oil, US yields

The Indian rupee is expected to open in the 95.02-95.06 range, according to traders, after settling at 94.95 to the dollar on Tuesday

Published 02 Sep, 2026 08:18am

Stocks

Indian shares to fall as widening Iran conflict sends oil higher

GIFT Nifty futures were at 24,033.5 points

Published 02 Sep, 2026 08:06am

Stocks

Asian markets tumble as US-Iran fighting lifts oil and bond yields

MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 1.5% as South Korea's KOSPI dropped more than 3%, while the Nikkei 225 was down 2.6%

Published 02 Sep, 2026 08:03am

Forex

Dollar holds firm as Middle East hostilities lift oil

The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, was at 99.67

Published 02 Sep, 2026 07:57am

Companies

SCB, Dolmen Group partner to introduce exclusive home ownership

KARACHI: Standard Chartered Bank Pakistan and Dolmen Group have partnered to enhance access to premium home...

Published 02 Sep, 2026 07:54am

Companies

QistBazaar raises Rs500m through privately placed Sukuk

KARACHI: QistBazaar, a leading Buy Now, Pay Later (BNPL) and installment-financing platforms, has successfully...

Published 02 Sep, 2026 07:52am

Energy

Oil rises, as US-Iran strikes risk limiting already impaired supplies

Brent crude futures rose 25 cents to $94.90 a barrel

Updated 02 Sep, 2026 09:54pm

Companies

FCEPL, Citi Pakistan partner to strengthen supplier financing

KARACHI: FrieslandCampina Engro Pakistan Limited (FCEPL) partners with Citi Pakistan through the Citi® Supplier...

Published 02 Sep, 2026 07:50am

Business & Finance

Establishment of Pakistan–Saudi Arabia food export task force urged

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial...

Published 02 Sep, 2026 07:47am

Bullion Rate

Gold hits over 3-week low as MidEast tensions fan rate-hike fears

Spot gold was down 0.6% at $4,304.01 per ounce

Published 02 Sep, 2026 07:45am

Companies

PSO hosts Excellence Awards 2026 for dealer partners

KARACHI: Pakistan State Oil (PSO), Pakistan’s national energy company, hosted the PSO Excellence Awards 2026 in...

Published 02 Sep, 2026 05:09am

Business & Finance

HBL PMI manufacturing activity hits highest level since war began

KARACHI: The HBL Pakistan Manufacturing PMI inched up to 51.8 in August 2026, from 51.7 in July, reaching its...

Published 02 Sep, 2026 05:09am

Business & Finance

KE investing Rs15bn to improve power infrastructure: Chishti

KARACHI: K-Electric Board Chairman Shaheryar Chishti has said the company is investing Rs 15 billion to improve the...

Published 02 Sep, 2026 05:09am

Business & Finance

SSGC LPG Board, MD appointment: Panel says concerned at delay in completion

ISLAMABAD: A parliamentary committee on Tuesday expressed concern over the delay in the completion of the new Sui...

Published 02 Sep, 2026 05:09am

Companies

NNAR’s book-building fully subscribed

KARACHI: The book-building portion of the Naya Nazimabad Apartment REIT (NNAR) was fully subscribed within the first...

Published 02 Sep, 2026 05:09am

Business & Finance

RTO Hyderabad recovers huge quantity of untaxed goods

KARACHI: The Regional Tax Office (RTO) Hyderabad intercepted eight commercial vehicles and recovered substantial...

Published 02 Sep, 2026 05:09am

Companies

Begin, Huawei Cloud and Allianz announce strategic partnership

DUBAI: Begin, the global OTT platform focused on delivering premium entertainment and sports content, has announced...

Published 02 Sep, 2026 05:09am

Business & Finance

Ahsan reviews progress on implementation of CPEC Action Plan for 2025–29

ISLAMABAD: Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal has said that CPEC...

Published 02 Sep, 2026 05:09am

Companies

ABHI gets Shariah approvals from KSA-based entity

KARACHI: ABHI, the region’s neobank of the future, has announced that its Early Wage Access (EWA) product has...

Published 02 Sep, 2026 05:09am

Business & Finance

Senate panel assured: FBR to replace banking instrument with insurance guarantee

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday assured a parliamentary panel that the condition of bank...

Published 02 Sep, 2026 05:09am

Business & Finance

OGDCL signs contract with Baker Hughes to deploy MAS

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production...

Published 02 Sep, 2026 05:09am

Business & Finance

Engro to sell entire EPCL stake to Lotte for Rs19.7bn

KARACHI: Engro Corporation Limited has entered into a Share Purchase Agreement with Lotte Chemical Pakistan Limited...

Published 02 Sep, 2026 05:09am

Business & Finance

FBR extends anti-smuggling powers of customs officials to LEAs

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the anti-smuggling powers of customs officials to law...

Published 02 Sep, 2026 05:09am

Business & Finance

PVARA chief briefs Aurangzeb about engagements in HK

ISLAMABAD: Chairman, Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal Bin Saqib, called on Federal...

Published 02 Sep, 2026 05:09am

Business & Finance

US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms

WASHINGTON: US oil company North American Blue Energy Partners will take over some oilfields previously controlled...

Published 02 Sep, 2026 05:09am

Business & Finance

Petrol price up by Rs1.08, HSD’s by 51 paise

ISLAMABAD: Rising tensions from the US–Iran conflict and disruptions in the Strait of Hormuz continue to drive up...

Updated 02 Sep, 2026 07:15am

Energy

Oil prices jump over USD4 a barrel

NEW YORK: Oil prices jumped more than USD 4 a barrel on Tuesday, settling at a five-week high, as traders feared...

Updated 02 Sep, 2026 06:31am

Business & Finance

Global bond rout deepens

TOKYO/LONDON/SINGAPORE/NEW YORK: A selloff in global bond markets deepened on Tuesday, reflecting investor angst...

Published 02 Sep, 2026 05:09am

Business & Finance

August CPI-based inflation clocks in at 11.1pc YoY

ISLAMABAD: The Consumer Price Index (CPI)-based inflation in August 2026 clocked in at 11.1 percent on a...

Published 02 Sep, 2026 05:09am

Business & Finance

USD benchmark dual-tranche Eurobond: MoF initiates process

ISLAMABAD: The Ministry of Finance has initiated the process for a US dollar-denominated benchmark dual-tranche...

Published 02 Sep, 2026 05:09am

Business & Finance

Pakistan decides to renegotiate investment treaty with Sweden

ISLAMABAD: The federal government has decided to revoke Pakistan’s notice of termination of its Bilateral Investment...

Published 02 Sep, 2026 05:09am

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 4	392.76
Diesel/Litre / Oct 4	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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