News Archives for Business & Finance - 2026-09-10

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Business & Finance - 2026-09-10

Markets

Govt raises petrol price by Rs3.05, diesel by Rs5.37

It is the fourth straight hike in petroleum prices in Pakistan

Published 10 Sep, 2026 10:48pm

Markets

Pakistan can turn rooftop solar boom into ‘swarm grids’: study

Pakistan can harness its growth in rooftop solar through decentralised, community-driven “swarm grids”, but...

Published 10 Sep, 2026 10:11pm

Companies

HBL celebrates 50 years in Bangladesh

HBL is celebrating 50 years of its operations in Bangladesh, marking decades of partnership with the country and its...

Published 10 Sep, 2026 09:19pm

Markets

SBP-held foreign exchange reserves surge $1.21bn to $18.33bn

Total liquid foreign exchange reserves stand at $23.72 billion

Published 10 Sep, 2026 09:10pm

Stocks

Most Gulf bourses ease amid escalating US-Iran hostilities

Saudi Arabia’s benchmark index eased 0.1%

Published 10 Sep, 2026 08:04pm

Financial

India's equity fund inflows rise nearly a fifth in August; monthly savings plan contributions hit a record

Indian equity funds recorded net inflows for an impressive 66th consecutive month, reflecting unwavering investor confidence

Published 10 Sep, 2026 07:59pm

South Asia

India plans AI registry as it looks to roll out agentic payments, sources say

NPCI is building an AI agent registry for India's payment network, enabling automated transactions and monitoring AI agent behavior for security

Published 10 Sep, 2026 07:55pm

Middle East

Dubai Airports projects 70 million passengers this year as traffic recovers, CEO says

Iran war and the resulting temporary closures of Gulf airspace forced the company to abandon its earlier forecast that Dubai International Airport would handle nearly 100 million passengers this year

Published 10 Sep, 2026 07:17pm

Stocks

Real estate, tech stocks drag Sri Lankan shares lower

CSE All-Share index settled 0.5% lower at 21,357.74 points

Published 10 Sep, 2026 06:48pm

Markets

RBI's liquidity mop-up via FX swaps offers a channel of support for rupee

RBI's strategic FX swaps are pushing up forward premiums, creating a modest cushion for the rupee amidst global oil price volatility

Published 10 Sep, 2026 06:45pm

South Asia

India signals stricter red warning labels in setback for Big Food

India's government considers immediate, tougher red warning labels on food, a potential blow to the $100 billion food and drinks industry

Published 10 Sep, 2026 06:41pm

Commodities

Copper slips on profit-taking after scaling fresh record high

Three-month copper on the London Metal Exchange fell 0.2% to $14,743 a metric ton

Published 10 Sep, 2026 06:37pm

Stocks

Top investors in India's NSE IPO trim stake sales, sources say

At the upper end of the price band, NSE’s IPO will be worth 226 billion Indian rupees

Published 10 Sep, 2026 06:35pm

Companies

India gets one of world's steepest iPhone price hikes

Apple's significant iPhone price hikes in India, up to 41%, spark debate on luxury positioning and market accessibility

Published 10 Sep, 2026 06:31pm

Companies

Chery Q bookings open with PKR 1.5 million – Your Q to beat the fuel bill

Chery Master Pakistan: A New Standard in All-Electric Urban Mobility. Chery Q redefines the everyday car with...

Published 10 Sep, 2026 05:26pm

Companies

Cherat Cement seeks to acquire 30% stake in NICL

Cherat Cement Company Limited (CCCL), a major player in Pakistan’s cement industry, has expressed its intention to...

Published 10 Sep, 2026 05:00pm

Industry

SECP proposes reforms to accelerate growth in Pakistan's REIT sector

New SECP REIT rules aim to mobilise long-term capital and broaden investor participation by easing regulations

Published 10 Sep, 2026 04:47pm

Commodities

Palm slips over 1% on weaker soyoil, bearish MPOB data

Dalian’s most-active soyoil contract fell 0.64%

Published 10 Sep, 2026 04:41pm

Financial

SBI Mutual Fund says 10-year yield will soar beyond 7%

India's 10-year bond yield is poised to exceed 7%, driven by inflation and hawkish central banks, leading a major fund to avoid long-term debt

Published 10 Sep, 2026 04:28pm

Companies

VinFast plans to develop two India-specific EVs in strategy shift, sources say

VinFast shifts India strategy, developing two new affordable EVs, VF X and VF Y, for the market after high costs halted global model plans

Published 10 Sep, 2026 04:22pm

Exchange

Rupee records gain against US dollar

Currency settles at 277.35 against greenback

Updated 10 Sep, 2026 08:11pm

Forex

Indian rupee drops to over one-week low as oil bubbles on Middle East worries

Indian rupee weakened 0.3% to end the session at 95.44 per dollar

Published 10 Sep, 2026 03:49pm

Business & Finance

Unity Foods case: Officials denied bail, proceedings adjourned

Court proceedings were adjourned until September 12, said SECP

Published 10 Sep, 2026 03:48pm

Stocks

Indian shares swing to gains after volatile closing auction; Mideast cloud lingers

Nifty 50 settled 0.2% higher at 23,477.8 and the BSE Sensex added 0.19% to 74,902.59

Published 10 Sep, 2026 03:46pm

Commodities

Gold price per tola drops Rs600 in Pakistan

International rate of gold declines by $6 to reach $4,398 per ounce.

Updated 10 Sep, 2026 07:45pm

Stocks

PSX, LADIESFUND eye first gender-focused ETF in Pakistan

Proposed ETF aims to provide investors exposure to listed companies

Published 10 Sep, 2026 03:35pm

Commodities

Pakistan cuts regulatory duty on imported smartphones by up to 20%

Duty on premium smartphones priced above $500 reduced by Rs4,400 for FY2026-27

Published 10 Sep, 2026 02:41pm

Companies

Meydan Homes: Bringing planned community living closer to where Karachi lives and works

For many Karachi families, buying a home increasingly involves compromise. A location may be affordable but lacks planning and amenities. An established neighbourhood may offer convenience but little open space. A new development may promise a better lifestyle but be too far removed from the places where families already live, work and conduct business.

Updated 10 Sep, 2026 02:55pm

Stocks

European shares edge higher as traders await ECB decision

The pan-European STOXX 600 was up 0.1% at 641.23 points

Published 10 Sep, 2026 01:02pm

Markets

Sweden's Volvo Group plans large-scale battery storage facility

The site is expected to provide approximately 70 MW/260 MWh of battery storage capacity

Published 10 Sep, 2026 01:01pm

Stocks

South Korean shares fall over 1% as Middle East conflict escalates

The benchmark KOSPI was down 96.61 points, or 1.37%, at 6,955.03

Published 10 Sep, 2026 12:26pm

Stocks

Australian shares hit six-week low as oil tops $100 on Middle East tensions

The S&P/ASX 200 index was down 1.4% at 8,785.20

Published 10 Sep, 2026 12:22pm

Markets

BOJ may be forced to hike rates rapidly if inflation accelerates, board member Masu says

Bank of Japan may be forced to raise interest rates

Published 10 Sep, 2026 12:19pm

Companies

Thatta Cement moves towards restructuring of Pakistan Services Limited

Restructuring subject to finalisation of definitive agreement

Published 10 Sep, 2026 12:13pm

Markets

UBS says its China fund distribution unit will cease business

UBS said other wealth management platforms in China were operating businesses as usual

Published 10 Sep, 2026 12:10pm

Forex

Thai baht/US dollar steady on Thursday

The baht was unchanged at 32.89 versus the dollar, after trading in a range of 32.900 to 32.960

Published 10 Sep, 2026 12:09pm

Stocks

Japan's Nikkei sinks amid rise in oil as Iran war escalates

The Nikkei lost 0.8% to end the morning session at 64,597.46

Published 10 Sep, 2026 12:01pm

Business & Finance

Pakistan invites Belt and Road Initiative partners to CPEC Phase II

CPEC is positioning Pakistan as a major connectivity hub, says Jam

Published 10 Sep, 2026 11:57am

Mutual Funds

JGB yields rise as BOJ official makes case for faster rate hikes

The benchmark 10-year JGB yield rose 5 basis points (bps) to 2.93%

Published 10 Sep, 2026 11:52am

Forex

Australian dollar holds firm as yields hit six-month highs

The next target is the May top of $0.7277 and then peaks from 2022 at $0.72825 and $0.7661

Published 10 Sep, 2026 11:50am

Commodities

Chicago corn edges higher as traders await key USDA supply outlook

The most-traded corn contract on the Chicago Board of Trade nudged 0.14% higher to $5.28-1/5 a bushel

Published 10 Sep, 2026 11:48am

Forex

Yuan holds near 3-1/2-year high as investors await US inflation data

In the spot market, the onshore yuan changed hands at 6.7080 per dollar

Published 10 Sep, 2026 11:11am

Commodities

China buys 1 million tons of US soybeans ahead of Xi visit, sources say

Chinese state stockpiler Sinograin booked the cargoes for shipment from US Gulf terminals between December and February, traders said

Published 10 Sep, 2026 11:04am

Commodities

Copper rally holds firm even as rising oil threatens growth outlook

Benchmark three-month copper on the London Metal Exchange slipped 0.07% to $14,757 a metric ton

Published 10 Sep, 2026 11:01am

Markets

Fitch eyes Japan budget for balance between growth and fiscal discipline

The rating is one notch below S&P’s A+ and Moody’s A1 rating on Japan

Published 10 Sep, 2026 10:58am

Stocks

China, Hong Kong stocks track regional peers lower on oil-driven inflation fears

In Hong Kong, the benchmark Hang Seng index fell 1.3%, while the city’s tech shares dropped 2.1%

Published 10 Sep, 2026 10:52am

Mutual Funds

India bonds face twin drag from rising oil, US yields

The Indian bond market, however, was insulated by a liquidity glut that limited room for selling

Published 10 Sep, 2026 10:43am

Commodities

Malaysia palm oil stocks hit 8-month high as output rises, exports fall

Malaysia’s August palm oil stocks rose 7.48% from July to 2.82 million metric tons, extending gains for a fifth consecutive month

Published 10 Sep, 2026 10:41am

Markets

'Welcome to Foldables': Samsung braces for Apple's foldable iPhone challenge

Samsung put up billboard advertisements in major cities including Seoul, Tokyo and London, with slogans such as 'Welcome to Foldables'

Published 10 Sep, 2026 10:38am

Stocks

PSX: KSE-100 sheds over 3,000 points on Middle East conflict, oil surge

Benchmark index settles at 168,865.04

Updated 10 Sep, 2026 05:36pm

Markets

Payment firms Visa, Mastercard and Ant International team up on AI agent trust framework

The companies said on Thursday they had begun collaborating on a Know-Your-Agent interoperability framework that would allow card networks

Published 10 Sep, 2026 08:26am

Forex

Currency markets subdued as oil shock lifts global yields; ECB, US inflation eyed

The dollar index , which measures the greenback against a basket of currencies, was last traded at 98.81, inching away from a three-week low

Published 10 Sep, 2026 08:22am

Bullion Rate

Gold edges higher on weaker dollar, US inflation data in focus

Spot gold was up 0.3% at $4,412.84 per ounce

Published 10 Sep, 2026 08:09am

Forex

Indian rupee oil-fuelled slide to persist, RBI support seen offering limited relief

The Indian rupee is expected ‌to open in the 95.15-95.20 range, per traders, having settled at 95.1050 to the dollar on Wednesday

Published 10 Sep, 2026 07:53am

Business & Finance

Google to invest USD15bn in AI infrastructure, buy nuclear power in Finland

HELSINKI: Alphabet’s Google will invest at least €13 billion (USD15.1 billion) in AI infrastructure in nippy Nordic...

Published 10 Sep, 2026 07:50am

Stocks

Asian stocks wilt as Brent holds above $100, yields near 2023 peak

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1%. Japan's Nikkei and South Korea's KOSPI dipped more than 1%

Published 10 Sep, 2026 07:50am

Pakistan

Aurangzeb tells NZ envoy: Govt focuses on sustaining reform momentum

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with H.E David Pine,...

Published 10 Sep, 2026 07:47am

Stocks

Indian shares to open muted as Mideast conflict keeps oil above $100

GIFT Nifty futures were at 23,489.50 points

Published 10 Sep, 2026 07:46am

Energy

Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacks

Brent hits highest since mid-May, WTI breaches $100 for first time since May 21

Updated 11 Sep, 2026 07:22am

Industry

Already-compliant taxpayers: FBR chief urges FPCCI leaders to help ease burden

KARACHI: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has urged the FPCCI leaders to actively...

Published 10 Sep, 2026 07:40am

Energy

OGDCL starts gas production from Lundali-1 well in Sindh

KARACHI: Oil and Gas Development Company Limited (OGDCL) has commenced gas production from the Lundali-1 well in the...

Published 10 Sep, 2026 07:37am

Business & Finance

SMEs, farmers, housing: PM directs banks, FIs to boost lending

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed banks and financial institutions (FIs) to expand...

Published 10 Sep, 2026 06:20am

Business & Finance

Global goods trade strengthening: WTO

GENEVA: Global trade in goods has strengthened from June despite geopolitical and policy-related uncertainties, the...

Published 10 Sep, 2026 06:20am

Business & Finance

15pc WHT on independent professional services from July 1

The FBR’s budget explanatory circular has clarified changes in Withholding Tax Rates on Services and on Certain Debt Securities

Published 10 Sep, 2026 06:20am

Business & Finance

SMEs, agriculture: Govt doubles financing targets: Aurangzeb

ISLAMABAD: The government has set an ambitious target to double financing for small and medium enterprises (SMEs)...

Published 10 Sep, 2026 06:20am

Business & Finance

Bessent backs using US financial power as foreign policy tool

WASHINGTON: US Treasury Secretary Scott Bessent advocated on Tuesday for Washington’s use of financial power as a...

Published 10 Sep, 2026 06:20am

Business & Finance

Jam attends opening ceremony of ‘Belt and Road Summit’ in HK

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan attended the opening ceremony of the 11th Belt and Road...

Published 10 Sep, 2026 06:20am

Business & Finance

Investor onboarding: SECP introduces consolidated framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced a consolidated framework for...

Published 10 Sep, 2026 06:20am

Business & Finance

PRA to intensify action against tax fraud, defaulters

LAHORE: The Punjab Revenue Authority (PRA) will intensify enforcement against tax fraud and defaulters as part of...

Published 10 Sep, 2026 06:20am

Business & Finance

FPCCI lauds GSP+ for boosting exports

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

Published 10 Sep, 2026 06:20am

Business & Finance

ML-1 project reaches key milestone with second market consultation

KARACHI: Pakistan Railways has completed the second preliminary market consultation for the Karachi-Rohri section of...

Published 10 Sep, 2026 06:20am

Companies

NBP welcomes Imran Sarwar as its President & CEO

KARACHI: National Bank of Pakistan (NBP) has welcomed the appointment of Imran Sarwar as its new President and Chief...

Published 10 Sep, 2026 06:20am

Energy

Brent settles at over USD100

Brent settled up 3.4% at $101.21, WTI gained 3.25% to $96.05 after highs

Updated 10 Sep, 2026 07:44am

Energy

Petrol price hiked by Rs3.40, HSD’s by Rs6.72

ISLAMABAD: In its daily revision of fuel prices, the government on Wednesday increased the petrol price by Rs3.40 to...

Published 10 Sep, 2026 06:20am

Business & Finance

July-August workers’ remittances rise 15pc YoY

KARACHI: Inflows of workers’ remittances continued their upward trajectory, surging by 15 percent during the first...

Published 10 Sep, 2026 06:20am

Business & Finance

Five takeaways from Apple’s biggest product showcase of the year

Duo offers up to 2 terabytes of storage, a capacity not available on the rival foldable models

Published 10 Sep, 2026 05:39am

Mutual Funds

US Treasury to buy up to $6 billion in Sept 10 buyback operation

The Treasury last month said it would at double the size of its buybacks on longer-dated securities

Published 10 Sep, 2026 04:27am

Mutual Funds

10-year yields highest since 2023

The U.S. Treasury Department said it will buy up to $6 billion in 10- to 20-year Treasury bonds

Published 10 Sep, 2026 01:18am

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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