News Archives for Business & Finance - 2026-09-03

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Business & Finance - 2026-09-03

Business & Finance

SBP’s forex reserves rise $19mn to $17.12bn

Country's total liquid foreign exchange reserves stand $22.53 billion

Updated 03 Sep, 2026 09:19pm

Companies

PayPal cuts 220 India jobs as part of previously announced restructuring plan, source says

Aiming for $1.5 billion in cost savings, PayPal is undergoing a major transformation, including job cuts and integrating AI, to boost its competitive edge

Published 03 Sep, 2026 08:21pm

Business & Finance

PSX partners with UK’s MOBILIST to boost sustainable finance

The Pakistan Stock Exchange (PSX) has partnered with the United Kingdom’s MOBILIST programme to mobilise private...

Published 03 Sep, 2026 07:47pm

Stocks

India top court dismisses market regulator's plea against NSE, reports

India's top court dismissed appeals against NSE, removing a significant regulatory hurdle for its planned IPO after years of delays

Published 03 Sep, 2026 07:29pm

Companies

SEBI proposes net settlement of cash market trades for mutual funds

SEBI proposes net settlement for mutual funds to boost efficiency and cut funding needs, a facility already extended to foreign investors

Published 03 Sep, 2026 07:26pm

Companies

India food safety crackdown targets company of Nepal's 'Noodle King'

Indian authorities seize 32,000 kg of Wai Wai snacks, halting production over unhygienic use of floor-collected noodles

Published 03 Sep, 2026 07:22pm

Stocks

Material stocks lift Sri Lankan shares higher

CSE All-Share index settled 0.3% higher at 21,395.11 points

Published 03 Sep, 2026 07:16pm

Stocks

Dubai leads Gulf gains as UAE, Saudi growth data lift sentiment

Saudi Arabia’s benchmark index advanced 0.2%

Published 03 Sep, 2026 07:00pm

Companies

India's Bharat Forge unit, France's Thales sign rocket systems alliance

Indian and French firms, Bharat Forge and Thales, collaborate to produce 70-mm rocket systems in India, targeting a 2027 launch

Published 03 Sep, 2026 06:51pm

Companies

India stalls Alipay+ payments link over security, data concerns, sources say

Alipay+'s proposal to link with India's UPI is stalled over national security and data concerns, sources confirm

Published 03 Sep, 2026 06:20pm

South Asia

Canada assesses risks to imports after India raid finds fake labels on food products

An Indian operation faked expiry and nutrition labels on global food brands, leading to a Canadian import risk assessment

Published 03 Sep, 2026 04:48pm

Companies

India's Fly91 orders 40 ATR turboprops in bet on smaller cities

Fly91's massive 40-aircraft order for ATR turboprops underscores India's growing regional aviation potential and market demand

Published 03 Sep, 2026 04:31pm

Commodities

Aluminium climbs to three-week high as tightness back in focus

Benchmark three-month aluminium on the London Metal Exchange was up 0.4% at $3,298 a metric ton

Published 03 Sep, 2026 04:24pm

Financial

RBI rejects all bids in bond buyback

The RBI rejected all bids in a government bond buyback, as investors offered only 10% of the 300 billion Indian rupee target, citing ample liquidity

Published 03 Sep, 2026 04:21pm

Commodities

Gold price per tola gains Rs11,200 in Pakistan

International rate of gold up by $112

Updated 03 Sep, 2026 06:57pm

Commodities

Palm falls for second session on stock fears, weak exports

Dalian’s most-active soyoil contract fell 0.13%

Published 03 Sep, 2026 04:18pm

Forex

How India's RBI could tackle a liquidity deluge triggered by dollar deposits

The RBI faces a 'problem of plenty' with record liquidity, necessitating swift action to absorb funds and mitigate inflation risks

Published 03 Sep, 2026 04:01pm

Stocks

Indian benchmark shares subdued after recent drop as oil worries outweigh banking gains

Nifty 50 fell 0.17% to 23,873.45 and the Sensex shed 0.55% to 76,152.86 at the close

Published 03 Sep, 2026 03:56pm

Business & Finance

Pakistan’s trade deficit widens 18% in 2MFY27

Trade deficit rose to $7.1 billion in July-August

Published 03 Sep, 2026 03:53pm

Forex

Indian rupee hits 10-week closing high as RBI schemes draw hefty dollar inflows

Indian rupee closed 0.5% higher at 94.4850 per U.S. dollar

Published 03 Sep, 2026 03:53pm

Exchange

Pakistan rupee records gain against US dollar

Currency settles at 277.42 against greenback

Updated 03 Sep, 2026 07:13pm

Business & Finance

Oilboy plans 70 EV fast-charging stations across Pakistan with Rs1bn rights issue

Each site will cost about Rs14.65 million

Published 03 Sep, 2026 01:59pm

Business & Finance

PM to chair new Trade Facilitation Board

Board to make decisions on all non-tariff matters

Published 03 Sep, 2026 01:01pm

Stocks

European shares edge higher as bond yields ease

The pan-European STOXX 600 was up 1% to 646.15

Published 03 Sep, 2026 12:52pm

Energy

Pakistan targets deregulating petrol prices by June next year

Wants to move towards market-based pricing

Updated 03 Sep, 2026 06:12pm

Forex

South African rand muted ahead of business activity PMI

The rand traded at 16.04 against the dollar , a whisker away from its previous close of ⁠16.0525

Published 03 Sep, 2026 12:03pm

Commodities

Chicago corn falls on profit-taking from three-year highs

CBOT was up 0.2% at $7.75 a bushel, while soybeans rose 0.4% to $13.15 a bushel

Published 03 Sep, 2026 11:53am

Commodities

Palm rebounds on stronger rival Dalian; weak crude caps gains

Palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.52%, to 4,984 ringgit

Published 03 Sep, 2026 11:50am

Stocks

Australian shares edge higher on gold gains, energy firms cap upside

The S&P/ASX 200 index was up 0.07% at 8,984.50

Published 03 Sep, 2026 11:47am

Stocks

Japan's Nikkei wavers as lower bond yields offset Broadcom hit

The broader Topix climbed 0.91% to 4,118.68

Published 03 Sep, 2026 11:43am

Forex

Thai baht/US dollar slightly stronger on Thursday

The baht was 0.06% higher at 33.14 versus the dollar, after trading in a range of 33.125 to 33.213

Published 03 Sep, 2026 11:41am

Money & Banking

Imran Sarwar appointed President, CEO of NBP

Sarwar for a three-year term with immediate effect

Updated 03 Sep, 2026 12:11pm

Commodities

Aluminium touches three-week high, supply back in focus

Aluminium on the London Metal Exchange was up 0.3% at $3,293.5 a metric ton

Published 03 Sep, 2026 11:25am

Forex

China yuan hits 3-1/2-year high as yen strength weighs on dollar

The spot yuan is allowed to trade a maximum of 2% either side of the fixed midpoint each day

Published 03 Sep, 2026 11:19am

Stocks

US charges two former Linqto CEOs over $450 million 'pre-IPO' fraud scheme, one pleads guilty

The alleged scheme occurred from 2020 to 2025. Linqto filed for Chapter 11 bankruptcy protection in July 2025

Published 03 Sep, 2026 11:14am

Markets

Audi, SAIC Motor set up innovation hub for China-exclusive brand

Audi and SAIC will jointly develop four all-new AUDI models on the Audi ADP 2.0

Published 03 Sep, 2026 11:10am

Mutual Funds

Japan bond yields retreat; 30-year auction uneventful

The benchmark 10-year JGB yield fell 4 basis points (bps) to 2.970%

Published 03 Sep, 2026 11:07am

Forex

Indian rupee scales 2-month peak as $136bn inflows bolster currency against global risks

The rupee opened at 94.30 per dollar, its highest level since late June, after settling at 94.97 on Wednesday

Published 03 Sep, 2026 11:04am

Forex

Australian dollar hovers near 13-year high on kiwi as rate outlooks diverge

The Aussie slipped 0.1% to NZ$1.2227, having jumped 1% overnight to hit a 13-year peak of NZ$1.2285

Published 03 Sep, 2026 11:02am

Stocks

China stocks rebound; investors await US payrolls, domestic data

At the midday break, the Shanghai Composite index inched up 0.4% and the blue-chip CSI300 index rose 0.5%

Published 03 Sep, 2026 10:59am

Mutual Funds

India bonds gain as RBI FX inflows lift liquidity, spur short-term debt buying

The yield on the benchmark 6.94% 2036 bond was at 6.9502%

Published 03 Sep, 2026 10:55am

Mutual Funds

Vietnam raises $97 million in government bond auction

The treasury sold 2.5 trillion dong out of the 8 trillion dong of 5-year bonds on offer, at a coupon of 4.42%

Updated 03 Sep, 2026 11:44am

Stocks

PSX: KSE-100 Index closes marginally up after volatile trading

Benchmark index settles at 174,929.68

Updated 03 Sep, 2026 08:05pm

Markets

Pakistan raises $3bn through Eurobond sale

It raised $1.75 billion through a 5.5-year bond

Updated 03 Sep, 2026 10:21am

Stocks

Indian shares likely to rebound after recent slide; higher oil prices to cap upside

GIFT Nifty futures were at 24,094 points

Published 03 Sep, 2026 08:01am

Stocks

Shares, bonds rally as markets await signals for Fed rates

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.5%

Published 03 Sep, 2026 07:57am

Bullion Rate

Gold rises as dollar and yields ease, with US nonfarm payrolls report in spotlight

Spot gold rose 0.5% to $4,409.97 per ounce

Published 03 Sep, 2026 07:52am

Forex

Yen in the spotlight after sudden jump

The yen was last steady at 158.88 per dollar, having jumped 0.9% overnight

Published 03 Sep, 2026 07:44am

Energy

Oil prices hit fresh 6-week highs on renewed Middle East tensions

Brent crude futures were up $1.76, or 1.8%, at $97.39 a barrel

Updated 03 Sep, 2026 04:14pm

Business & Finance

Chevron, Eni commit to expand oil projects in Venezuela under US eye

CARACAS: US’ Chevron, Italy’s Eni and other foreign energy producers committed on Wednesday to major project...

Published 03 Sep, 2026 05:39am

Business & Finance

Petrol price hiked by Rs2.29, HSD’s by Rs1.11

ISLAMABAD: The government on Wednesday announced to increase fuel prices for Thursday, September 3 following high...

Published 03 Sep, 2026 05:39am

Business & Finance

Annual publication: IBA launches ‘The State of Pakistan’s Economy 2026-27’

KARACHI: IBA Centre for Business and Economic Research (CBER) launched its flagship annual publication, ‘The State...

Published 03 Sep, 2026 05:39am

Companies

Eighteen introduces EDEN

ISLAMABAD: Eighteen, the landmark master-planned community redefining contemporary living in Pakistan, Wednesday...

Published 03 Sep, 2026 05:39am

Companies

Multan facility opens: Louis Dreyfus expands logistics footprint

KARACHI: Louis Dreyfus Company (LDC) has expanded its logistics footprint in Pakistan with the inauguration of a new...

Updated 03 Sep, 2026 10:08pm

Business & Finance

EXIM Bank president highlights approach to export sector

LAHORE: President Lahore Chamber of Commerce and Industry (LCCI) Faheem Ur Rehman Saigol has offered full support...

Published 03 Sep, 2026 05:39am

Companies

Aug cement despatches fall marginally YoY

LAHORE: Cement despatches declined by 0.70 percent in August 2026 as total Cement despatches during the month stood...

Published 03 Sep, 2026 05:39am

Business & Finance

PRA collects Rs54.8bn

LAHORE: The Punjab Revenue Authority (PRA) has collected a record Rs54.8 billion in the first two months of the...

Published 03 Sep, 2026 05:39am

Money & Banking

Ghar Ho Tu Apna: MBL approves Rs31.45bn in housing finance

KARACHI: Meezan Bank has approved more than PKR 31.45 billion in housing finance across 4,424 applications under the...

Published 03 Sep, 2026 05:39am

Business & Finance

PBF says concerned at prolonged power outages

KARACHI: The Pakistan Business Forum (PBF) says the prolonged power outages were adversely affecting businesses and...

Published 03 Sep, 2026 05:39am

Companies

SE plans IPO, sees USD1bn fruit-and-veg export potential

KARACHI: SE Fruits & Vegetables Limited, an established exporter, is preparing for its proposed Initial Public...

Published 03 Sep, 2026 05:39am

Business & Finance

FBR says 16 tax officials hold dual nationality or foreign residency

ISLAMABAD: The Federal Board of Revenue (FBR) has shared data with the Senate Standing Committee on Finance that at...

Published 03 Sep, 2026 05:39am

Companies

Jaguar Land Rover launches electric Range Rover

LONDON: One year after a major cyberattack halted production and hit its finances, British carmaker Jaguar Land...

Published 03 Sep, 2026 05:39am

Business & Finance

US Treasury issues USD1 coin with Trump’s face on it

WASHINGTON: The US Treasury on Wednesday issued USD 1 coins featuring the face of President Donald Trump, the latest...

Published 03 Sep, 2026 05:39am

Business & Finance

SBP focuses on trusted digital financial services

KARACHI: Muhammad Ali Khan Deputy Governor State Bank of Pakistan has said that the SBP is making efforts to foster...

Published 03 Sep, 2026 05:39am

Energy

Oil settles 1pc higher

HOUSTON: Brent crude prices settled 1 percent higher in a volatile session on Wednesday, driven by renewed military...

Published 03 Sep, 2026 05:39am

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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