News Archives for Business & Finance - 2026-09-17

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Business & Finance - 2026-09-17

Business & Finance

Diesel price rise by Rs3.47, petrol falls Rs0.43 per litre

New prices are effective till Friday, September 18

Published 17 Sep, 2026 10:49pm

Stocks

Wall St rises as oil slide offers respite after Fed rate hike

Dow Jones Industrial Average rose 316.52 points

Published 17 Sep, 2026 09:19pm

Business & Finance

SBP rejects reports of Rs10 banknote discontinuation as baseless

Says it has submitted a proposal for the introduction of a new banknote series

Published 17 Sep, 2026 08:26pm

Companies

SBP-held forex reserves surge over $3bn to $21.3bn

Total liquid foreign exchange reserves stand at $26.79 billion

Published 17 Sep, 2026 08:09pm

Business & Finance

Karachi Port’s liner shipping connectivity hits record high

Karachi Port’s Liner Shipping Connectivity Index (PLSCI) reached a record 343.02 in the second quarter of 2026,...

Updated 17 Sep, 2026 08:22pm

Stocks

Most Gulf bourses end higher as investors weigh Fed rate hike

Dubai’s main share index added 0.3%

Published 17 Sep, 2026 07:05pm

Opinion

Pakistan's export trap and revealed comparative advantage

Data shows that Pakistan’s top exports are concentrated in textiles, agro-food, a handful of other manufacturing products

Published 17 Sep, 2026 06:52pm

Stocks

Sri Lankan shares extend losing streak as communication, real estate stocks weigh

CSE All Share index settled down 0.52% at 21,023.43

Published 17 Sep, 2026 06:21pm

Commodities

Copper rallies as Chinese buyers return to the market

Benchmark copper on the London Metal Exchange traded 1.2% higher to $14,408 a metric ton

Published 17 Sep, 2026 06:09pm

Financial

India RBI may increase debt sales to drain liquidity after first such auction in 9 years

India's central bank is actively draining surplus liquidity via bond sales, ensuring expected rate hikes, likely in October, effectively transmit

Published 17 Sep, 2026 05:12pm

Money & Banking

Bank of England sounds inflation alarm as it holds interest rates

The Bank of England paused gilt sales and hinted at future rate hikes as inflation risks strengthen, potentially reaching 4% next year

Published 17 Sep, 2026 05:02pm

Financial

India infra lender targets $4bn in dollar funding by December, exec says

NaBFID is set to secure $4 billion in dollar funding by December, including a $1 billion bond, to accelerate India's infrastructure development

Published 17 Sep, 2026 04:50pm

Commodities

Palm oil falls over 1% on exports, rival oils weakness

Dalian’s most-active soyoil contract fell 0.34%

Published 17 Sep, 2026 04:35pm

World

World Bank boosts private capital mobilization to record $112 billion

The World Bank is tackling investment barriers to unlock $280 trillion in global capital, making developing economies more attractive for private sector funds

Published 17 Sep, 2026 04:13pm

Exchange

Rupee registers gain against US dollar

Settles at 277.26

Updated 17 Sep, 2026 07:11pm

Commodities

Gold price in Pakistan falls Rs3,800 per tola

International rate of gold declines by $38 to reach $4,309 per ounce

Published 17 Sep, 2026 04:05pm

World

Energy disruption hits Pakistan and Bangladesh as Gulf crisis worsens

A global energy crisis, exacerbated by Mideast conflicts, is causing severe power and fuel shortages across South Asia

Published 17 Sep, 2026 04:03pm

Energy

Oil India explores ways to get back Russian dividend

Oil India's chairman is optimistic about repatriating stranded Russian dividends while progressing major refinery and pipeline projects

Published 17 Sep, 2026 03:45pm

Business & Economy

Services exports record over $400 million increase in Jul-Aug: SBP

Govt services generate around $122mn during the two-month period

Published 17 Sep, 2026 03:44pm

Commodities

Pakistan eyes bigger China swap line, expects US financing decision soon

The entire 30 billion yuan swap line from China been fully drawn, says finance minister

Published 17 Sep, 2026 03:42pm

Companies

India's Tata Sons board approves fresh five-year term for Chairman Chandrasekaran, source says

N. Chandrasekaran reappointed for a fresh five-year term as executive chairman of Tata Sons, reversing his earlier stance

Published 17 Sep, 2026 03:38pm

Stocks

Indian shares muted as Fed, oil and IPO rush dent risk appetite

Nifty 50 rose 0.23% to 23,270.6, while the BSE Sensex shed 0.03% to 74,314.59.

Published 17 Sep, 2026 03:34pm

Commodities

Fed tightening may pressure PKR but rising oil remains bigger risk for Pakistan, warn experts

The US Federal Reserve’s 25-basis-point interest rate hike is unlikely to have a major immediate impact on Pakistan,...

Published 17 Sep, 2026 03:33pm

Currency

Indian rupee ends flat as RBI intervention, portfolio flows blunt Fed hike impact

Indian rupee closed at 95.93 against the dollar

Published 17 Sep, 2026 03:21pm

Companies

India's Tata group shares rise after reports of fresh term for Chair Chandrasekaran

N. Chandrasekaran's five-year reappointment as Tata Sons chairman led to a surge in Tata group company shares

Published 17 Sep, 2026 03:13pm

Companies

Ex-KE CEO Moonis Alvi appointed to lead GO Petroleum

Alvi served as CEO of K-Electric from June 2018 until his resignation in February 2026

Published 17 Sep, 2026 02:24pm

Forex

South African rand firms as stable commodities offset Fed tightening signal

The rand traded at 16.3050 against the dollar , about 0.6% stronger than its previous close

Published 17 Sep, 2026 01:31pm

Markets

RDA inflows rise as regional conflict prompts strategic fund relocation: Aurangzeb

Auranzgeb noted that the country’s import cover has improved to roughly three months

Published 17 Sep, 2026 01:11pm

Commodities

Iron ore firms on China pre-holiday restocking, demand uncertainty caps gains

Iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 0.35% to 711 yuan ($105.94) a metric ton

Published 17 Sep, 2026 12:34pm

Mutual Funds

Indian bonds seen declining as Fed hike could pressure RBI to mirror move

The benchmark 6.94% 2036 bond yield is expected to trade between 7.05% and 7.10%

Published 17 Sep, 2026 12:26pm

Forex

Thai baht/US dollar weaker on Thursday

The baht was 0.15% lower at 33.40 versus the dollar, after trading in a range of 33.380 to 33.470

Published 17 Sep, 2026 12:13pm

Commodities

Palm retreats from 21-month high on stock outlook, weak exports

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 2 ringgit, or 0.04%, at 4,996 ringgit a metric ton

Published 17 Sep, 2026 12:10pm

Stocks

China, HK benchmarks slip as gold stocks fall on US rate hike

Hong Kong benchmark Hang Seng fell 0.8%

Published 17 Sep, 2026 11:53am

Stocks

South Korea shares rise as Fed rate hike eases uncertainty

The benchmark KOSPI was up 28.08 points, or 0.42%, at 6,746.05

Published 17 Sep, 2026 11:44am

Forex

China's yuan inches higher as midpoint rate firmer despite US rate hike

The spot yuan was 0.03% higher at 6.7083 to the dollar

Published 17 Sep, 2026 11:40am

Stocks

Australia shares edge higher as banks gain, oil prices extend losses

The S&P/ASX 200 index rose 0.4% to 8,726.7

Published 17 Sep, 2026 11:34am

Forex

Australia, NZ dollars nurse losses as markets wager on hawkish Fed

The kiwi dollar steadied at $0.5720, after losing almost 0.8% overnight to touch a 10-week low

Published 17 Sep, 2026 11:32am

Stocks

Japan's Nikkei climbs as oil prices ease, Fed decision reassures

The broader Topix gained 0.6%

Published 17 Sep, 2026 11:30am

Commodities

South Korea’s MFG tenders for up to 140,000 tons corn, traders say

The deadline for submission of price offers is also Thursday, September 17

Published 17 Sep, 2026 10:51am

Markets

Volvo Cars to launch 13 new models this decade, eyes earnings boost

Under CEO Hakan Samuelsson, Volvo has streamlined its product portfolio and placed greater emphasis on regionalisation

Published 17 Sep, 2026 10:49am

Commodities

Soybeans rise as traders eye Trump-Xi talks; wheat, corn also higher

The most-active soybean contract on the Chicago Board of Trade was up 0.74% at $13.30-1/4 a bushel

Published 17 Sep, 2026 10:47am

Stocks

PSX: KSE-100 gains over 1,000 points

Benchmark index settles at 169,043.19

Updated 17 Sep, 2026 06:28pm

Companies

Pakistan’s Ferozsons to manufacture US-based Gilead's HIV prevention drug

Ferozsons will manufacture the injectable drug product at its JV subsidiary, BF Biosciences Limited

Published 17 Sep, 2026 10:09am

Markets

Fiscal consolidation delivering results, says Aurangzeb as govt courts investors in London

Pakistan is open for business with renewed interest from international investors, says Aurangzeb

Published 17 Sep, 2026 10:00am

Markets

Goldman Sachs now sees Fed hiking again in October

Goldman Sachs now expects the US Federal ‌Reserve to raise interest rates

Published 17 Sep, 2026 08:10am

Markets

China's Huawei to launch two new AI chips in 2027

Huawei plans to launch the 960DT in the first quarter and the Ascend 960PR in the third quarter

Published 17 Sep, 2026 08:07am

Forex

Hawkish Fed adds to Indian rupee troubles, traders watch 96/USD hurdle

The Indian rupee is expected to open slightly weaker around 96-96.05 per dollar, down from its previous close of 95.9550

Published 17 Sep, 2026 08:04am

Stocks

Indian shares seen opening flat after Fed signals more hikes; NSE IPO in focus

GIFT Nifty futures were trading around 23,224.5 points

Published 17 Sep, 2026 08:01am

Forex

Hawkish Fed lifts dollar to seven-week high as focus turn to BOJ

The dollar index , which measures the greenback against a basket of currencies, last traded at 100.33, the strongest level since July 31

Published 17 Sep, 2026 07:57am

Bullion Rate

Gold rises over 1% as investors digest Fed hike, oil rally stalls

Spot gold was up 1.1% at $4,310.49 per ounce

Published 17 Sep, 2026 07:53am

Stocks

Shares tick higher as Fed hikes rates, dollar jumps with short-term yields

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% while Japan's Nikkei gained 0.5%

Published 17 Sep, 2026 07:49am

Energy

Oil falls 2% to one-week low as Middle East supply disruption fears ease

Brent crude futures were down $2.67, or 2.5%, to $103.13 a barrel

Updated 17 Sep, 2026 09:25pm

Markets

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

The rate increase was the first such move in three years and the first policy shift under the new Fed chief

Published 17 Sep, 2026 04:22am

Money & Banking

Mastercard & 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 17 Sep, 2026 02:47am

Pakistan

Exports stuck around the USD30bn mark: LCCI chief

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) organized a seminar on “Export Documentation and FBR...

Published 17 Sep, 2026 02:47am

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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