News Archives for Business & Finance - 2026-09-16

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Business & Finance - 2026-09-16

Markets

Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation

New policy projections showed 16 of 18 policymakers anticipate at least one more quarter-percentage-point hike by the end of this year

Published 16 Sep, 2026 11:28pm

Business & Finance

Govt raises petrol price by Rs6.88, HSD by Rs5.62 per litre

New prices are effective till Thursday, September 17

Published 16 Sep, 2026 11:03pm

Business & Finance

Maritime minister seeks measures to ease textile exporters’ port issues

Urges exporters to file Goods Declarations (GDs) promptly and complete required documentation to facilitate smooth cargo clearance

Published 16 Sep, 2026 08:25pm

Stocks

India's NSE allots shares worth $703 million to anchor investors, sources say

NSE's highly anticipated $2.3 billion IPO, backed by top global investors, is set to open for public subscription this week

Published 16 Sep, 2026 08:22pm

Business & Finance

Quantum Valley Pakistan to open new pathways for youth, startups and high-tech businesses: Ahsan Iqbal

Reiterates government targets of a $1 trillion economy by 2035 and $3 trillion economy by 2047

Published 16 Sep, 2026 08:16pm

World

Microsoft AI chief calls out Anthropic's approach to AI consciousness

Microsoft's AI head warns that teaching AI like Claude about its own welfare could dangerously hinder our ability to control it

Published 16 Sep, 2026 08:05pm

Commodities

Gold gains over 1% as oil, yields slip ahead of Fed rate decision

Spot gold was up 1.4% at $4,353.82 per ounce

Published 16 Sep, 2026 07:59pm

Commodities

India considers cutting vegetable oil import taxes as prices climb

India is poised to cut vegetable oil import taxes to tackle rising food inflation, aiming to protect consumers during festival season

Published 16 Sep, 2026 07:57pm

Stocks

Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision

Dow Jones Industrial Average fell 99.26 points, or 0.19%, to 51,993.85,

Published 16 Sep, 2026 07:53pm

Stocks

Sri Lankan shares fall for third straight session

CSE All Share index settled 0.61% down at 21,133.41

Published 16 Sep, 2026 07:50pm

Commodities

Copper rises with signs of active demand from China

Three-month copper on the London Metal Exchange gained 1.1% to $14,231 a metric ton

Published 16 Sep, 2026 07:35pm

Stocks

Most Gulf markets fall as regional risks escalate; Saudi flat on supply-reassurance reports

Saudi Arabia’s benchmark index finished flat, with oil major Saudi Aramco gaining 0.6%

Published 16 Sep, 2026 07:14pm

Markets

India's UPI fee faces retailer, broker pushback

Retailers are pushing back against India's new UPI fee, fearing squeezed margins and a return to cash transactions, particularly during festivals

Published 16 Sep, 2026 07:07pm

Companies

Finance Division rejects claims of SOE financial deterioration, cites Rs35.8bn net fiscal inflow

Finance ministry says fiscal flows capture transactions between the government and SOEs

Published 16 Sep, 2026 05:47pm

Money & Banking

Pakistan posts $98mn C/A deficit in August 2026

Deficit follows a deficit of $445 million recorded in July 2026

Published 16 Sep, 2026 05:08pm

Forex

Indian rupee languishes at six-week low ahead of Fed outcome, RBI limits losses

The Indian rupee closed flat at 95.9550 per dollar

Published 16 Sep, 2026 05:03pm

Stocks

Indian shares edge higher after selloff; oil, US rate worries cap gains

Nifty 50 rose 0.43% to 23,217.6 and BSE Sensex added 0.45% to 74,336.45 points

Published 16 Sep, 2026 04:58pm

Exchange

Rupee records gain against US dollar

Settles at 277.27

Updated 16 Sep, 2026 07:09pm

Commodities

Gold price increases by Rs7,900 per tola in Pakistan

International rate of gold gains $79

Published 16 Sep, 2026 04:14pm

Money & Banking

Pakistan wins international award for Panda Bond, plans further China-market issues

Proceeds from the bond will be invested in environmentally friendly and socially important projects, including water, energy, and health

Published 16 Sep, 2026 03:41pm

Commodities

Pakistan secures Sept fuel, eyes US crude via VLCC as conflict threatens fuel supplies

Pakistan is considering sourcing crude from Oman and Fujairah, while also exploring Libya, the US, Western Africa/Nigeria and Kazakhstan

Published 16 Sep, 2026 02:53pm

Startup Recorder

'Pakistan is good at launching women’s businesses. It’s bad at sustaining them'

I would love to see the conversation move from ‘how many women started business?’ to ‘how many women were able to build businesses that actually worked for them?’, says author and entrepreneur Mahe Zehra Husain

Updated 16 Sep, 2026 03:44pm

Stocks

European shares rise as oil rally pauses; all eyes on Fed

The pan-European STOXX 600 was up 0.4% at 636.81 points

Published 16 Sep, 2026 01:22pm

Commodities

Jordan issues new tender to buy up to 120,000 metric tons wheat

The deadline for submission of price offers in the tender is September 22

Published 16 Sep, 2026 01:20pm

Business & Finance

Pakistan extends airspace ban on Indian aircraft till October 24

Airspace restriction also applies to aircraft operated, owned or leased by Indian airlines/operators, including military flights

Published 16 Sep, 2026 01:20pm

Business & Finance

PM directs SMEDA to formulate comprehensive strategy

SMEDA's ongoing programs should be further expanded

Published 16 Sep, 2026 01:01pm

Markets

UK inflation jumps to 3.1% in August as fuel prices rise

The Bank of England is forecast to maintain its benchmark interest rate at 3.75 percent on Thursday as the UK economy struggles for growth

Published 16 Sep, 2026 12:53pm

Companies

Worldcall placed in non-compliant segment after court dismisses plea

The company has now been given 90 days, until December 14, 2026, to rectify the non-compliance

Published 16 Sep, 2026 12:09pm

Stocks

Australian shares rise on energy boost, Fed decision in focus

The S&P/ASX 200 index rose 0.3% to 8,699

Published 16 Sep, 2026 11:21am

Commodities

Soybeans fall with crude after rally on slow US crush

Wheat and corn also edged lower

Published 16 Sep, 2026 11:20am

Forex

Australian, NZ dollars on edge as markets weigh Fed scenarios

The kiwi dollar sagged to a two-month trough of $0.5740 , after losing another 0.3% overnight

Published 16 Sep, 2026 11:18am

Stocks

China, Hong Kong shares gain on tech strength, as investors await Fed

The benchmark Shanghai composite index gained 0.6%, while the blue-chip CSI300 index advanced 0.7%

Published 16 Sep, 2026 11:17am

Commodities

Copper bounces from 3-week low; Fed decision in focus

Three-month copper on the London Metal Exchange rose 0.53% to $14,158 a metric ton

Published 16 Sep, 2026 11:15am

Markets

Japan August imports jump as oil prices lift costs, exports stay firm

Total imports by value grew 28% from a year earlier in August, the largest increase since November 2022

Published 16 Sep, 2026 11:13am

Markets

South Korea's SK Hynix union approves tentative wage deal with management, source says

The revised agreement won the backing of 57.1% of voting union members, with 8,731 votes in favour

Published 16 Sep, 2026 11:10am

Stocks

Japan's Nikkei flat as investors await Fed, BOJ decisions

The broader Topix gained 0.79% to 4,069.02 after touching an intraday high of 4,072.31

Published 16 Sep, 2026 10:40am

Mutual Funds

Japan bond yield curve twist-steepens ahead of Fed decision

The five-year yield dropped 1.5 basis points to 2.295%

Published 16 Sep, 2026 10:37am

Mutual Funds

India bonds seen under strain before Fed decision as oil, global yields rise

The benchmark 6.94% 2036 bond yield is expected to trade between 7.05% and 7.12%, according to a private-bank trader

Published 16 Sep, 2026 10:35am

Stocks

South Korean shares rise as chipmakers gain ahead of Fed outcome

The benchmark KOSPI was up 28.92 points, or 0.44%, at 6,656.18

Published 16 Sep, 2026 10:33am

Forex

China's yuan holds ground ahead of Fed outcome

In the spot market, the onshore yuan was unchanged at 6.7112 per dollar

Published 16 Sep, 2026 10:31am

Forex

Thai baht/US dollar weaker on Wednesday

The baht was 0.12% lower at 33.28 versus the dollar, after trading in a range of 33.290 to 33.345

Published 16 Sep, 2026 10:25am

Stocks

PSX: Selling returns as KSE-100 loses nearly 1,400 points

Benchmark index settles at 168,021.80,

Updated 16 Sep, 2026 05:43pm

Markets

Indian central bank likely intervenes to support rupee, traders say

State-run banks were spotted offering dollars, the traders said, most likely on behalf of the RBI

Published 16 Sep, 2026 10:22am

Business & Finance

UGDC establishes national presence at Gastech expo

ISLAMABAD: In a landmark milestone for the nation’s energy sector, Pakistan has officially joined Gastech — the...

Published 16 Sep, 2026 08:44am

Business & Finance

Speakers raise questions over new electricity charges system

ISLAMABAD: Speakers at a seminar on Tuesday raised questions over the newly introduced electricity charges system...

Published 16 Sep, 2026 08:42am

Business & Finance

SMEDA gears up to connect SMEs with Japan’s B2B platform

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has entered into collaboration with Japan’s...

Published 16 Sep, 2026 08:41am

Business & Finance

SECP chief highlights importance of digital transformation

ISLAMABAD: Chairman Securities and Exchange Commission of Pakistan (SECP) Dr Kabir Ahmed Sidhu has said that digital...

Published 16 Sep, 2026 08:41am

Business & Finance

Mobile internet usage gap: Pakistan ranks among top countries by absolute number

ISLAMABAD: Pakistan has emerged as one of the countries with the world’s largest mobile internet usage gaps, with...

Published 16 Sep, 2026 08:36am

Business & Finance

Nutshell Group to host 9th edition of LIIBS 2026 tomorrow

ISLAMABAD: The Nutshell Group will host the 9th edition of the LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS) 2026 on...

Published 16 Sep, 2026 08:31am

Business & Finance

Mian Zahid demands paying capacity charges from federal budget

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

Published 16 Sep, 2026 08:25am

Money & Banking

Mastercard and BoK partner to accelerate digital payments

PESHAWAR: Mastercard and the Bank of Khyber (BoK) have entered into a strategic alliance to expand the bank’s...

Published 16 Sep, 2026 08:23am

Business & Finance

LCCI seeks extension in income tax return filing deadline

LAHORE: The President of the Lahore Chamber of Commerce & Industry, Faheem-ur-Rehman Saigol, has urged the...

Published 16 Sep, 2026 08:19am

Industry

Alternative medicines, health products: LCCI holds session on integrated online portal

LAHORE: An interactive session on “The Integrated Online Portal for Alternative Medicines and Health Products” was...

Published 16 Sep, 2026 08:18am

Forex

Indian rupee faces more pressure with likely Fed rate hike compounding oil pain

The Indian rupee is expected to open ‌marginally weaker and is at risk of slipping past the 96 mark, traders said, after settling at 95.9550 to the dollar on Tuesday

Published 16 Sep, 2026 08:15am

Business & Finance

Chinese manufacturers invited to establish JVs in country

KARACHI: Pakistan has invited Chinese manufacturers and investors to establish joint ventures and production...

Published 16 Sep, 2026 07:57am

Business & Finance

Ahsan proposes SCO Digital Governance, AI Capacity-Building Network

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has proposed the...

Published 16 Sep, 2026 07:56am

Markets

Boeing, Korean Air finalize order for 103 aircraft

Of the aircraft in the order, only the 787 is currently certified for commercial service, while Boeing is still developing the 777-8 Freighter

Published 16 Sep, 2026 07:55am

Stocks

Indian shares seen opening higher after selloff; higher oil, Fed caution to cap gains

GIFT Nifty futures were trading around 23,218.50 points

Published 16 Sep, 2026 07:52am

Stocks

Asian markets make nervous start ahead of Fed decision

The US dollar ⁠index , which measures the greenback’s strength against a basket of six currencies

Published 16 Sep, 2026 07:49am

Forex

Dollar girded by bets on a US hiking cycle

At $1.1535 the euro was not far from Monday's one-month low of $1.1523, while sterling , at $1.3470, was not far above a six-week trough of $1.3464 it had made on Monday

Published 16 Sep, 2026 07:43am

Bullion Rate

Gold muted as investors brace for Fed rate decision

Spot gold was down 0.1% at $4,288.48 per ounce

Published 16 Sep, 2026 07:37am

Energy

Oil slips as Saudi Arabia offers more crude via Oman

Brent crude futures were down $3.63, or 3.3%, at $105.12 a barrel

Updated 16 Sep, 2026 09:02pm

Companies

PTA asks PTML to shut down new ONIC operations

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has ordered Pak Telecom Mobile Limited (PTML) to...

Published 16 Sep, 2026 05:59am

Companies

PTCL to install ConnectHear’s AI-powered sign language at customer centres

KARACHI: The country’s leading telecommunications and ICT services provider, Pakistan Telecommunication Company...

Published 16 Sep, 2026 05:59am

Money & Banking

Sindh Bank posts 274pc surge in PBT to Rs4.05bn in H1’26

KARACHI: Sindh Bank reported its profit before tax of Rs 4.05 billion in H1’26, up from Rs 1.08 billion for H1’25...

Published 16 Sep, 2026 05:59am

Companies

Bestway Group plans to launch EVs soon

LAHORE: The Bestway Automotive Private Limited (BAL), the authorised distributor and official representative of...

Published 16 Sep, 2026 05:59am

Companies

4QFY26: E&P sector’s earnings surge 2.5 times YoY

KARACHI: Earnings of Pakistan’s listed exploration and production (E&P) sector surged 2.5 times year-on-year...

Published 16 Sep, 2026 05:59am

Business & Finance

LTBA reports tax return filing disruptions

ISLAMABAD: The Federal Board of Revenue’s (FBR) electronic filing system is unable to serve taxpayers attempting to...

Published 16 Sep, 2026 05:59am

Pakistan

Chashma-5 nuclear plant: Pakistan, IAEA sign safeguards agreement

ISLAMABAD: Pakistan and the International Atomic Energy Agency (IAEA) have signed a safeguards agreement for the...

Published 16 Sep, 2026 05:59am

Business & Finance

On-spot shopkeeper registration under Easy Tax Scheme: Govt, traders agree on joint FBR-trader field teams

ISLAMABAD: The government and traders’ organisations Monday agreed that Federal Board of Revenue (FBR) officials and...

Published 16 Sep, 2026 05:59am

World

US Senate crypto bill collapses

WASHINGTON: A push for landmark US cryptocurrency legislation collapsed on Tuesday after Republicans and Democrats...

Published 16 Sep, 2026 05:59am

Energy

Petrol price up by Rs4.10, HSD’s by Rs6.41

ISLAMABAD: The Petroleum Division has announced an increase in domestic fuel prices for September 16 following a...

Published 16 Sep, 2026 05:59am

Business & Finance

Global trading enduring ‘most sustained’ disruption: WTO

GENEVA: The global trading system is enduring its most sustained disruption in living memory amid challenges to...

Published 16 Sep, 2026 05:59am

Business & Finance

SBP concludes first cohort of its regulatory sandbox

KARACHI: In line with Vision 2028, the State Bank of Pakistan (SBP) launched the first cohort of its regulatory...

Published 16 Sep, 2026 05:59am

Energy

Oil settles USD3 higher

NEW YORK: Oil prices settled USD3 higher on Tuesday after shipping industry sources said crude loadings at Saudi...

Updated 16 Sep, 2026 07:30am

Companies

Pakistan Cables showcases engineering excellence at Middle East Energy

DUBAI: Pakistan Cables Ltd., Pakistan’s largest exporter of wires and cables, participated in Middle East Energy...

Published 16 Sep, 2026 05:59am

Business & Finance

Ginning, oil milling: RTO, PCGA agree on voluntary tax assessment

HYDERABAD: A meeting was held at the Office of the Chief Commissioner, Regional Tax Office (RTO) Hyderabad, between...

Published 16 Sep, 2026 05:59am

Companies

MTL partners with LOVOL to advance high-tech farm mechanization in Pakistan

LAHORE: Millat Tractors Limited (MTL) has entered into a strategic distribution agreement with LOVOL, China’s...

Published 16 Sep, 2026 05:59am

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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