News Archives for Business & Finance - 2026-09-18

<<>>

Business & Finance - 2026-09-18

Business & Finance

Govt cuts petrol price by Rs1.65, diesel by Re0.88 per litre

New prices remain effective till Monday, September 21

Updated 19 Sep, 2026 11:44am

Business & Finance

Pakistan welcomes Turkish interest in DISCO privatisation

Two sides discuss Turkish investment interest and measures to further strengthen cooperation in the energy sector

Published 18 Sep, 2026 08:49pm

Companies

Warren Buffett steps down as Berkshire chairman, son Howard succeeds

After 60 years, Warren Buffett transitions to chairman emeritus, as son Howard Buffett becomes chairman, completing Berkshire Hathaway's leadership shift

Published 18 Sep, 2026 06:32pm

Stocks

Sri Lankan shares end four-day slide, but log worst week in over two months

CSE All Share index settled up 0.16% at 21,056.26

Published 18 Sep, 2026 06:17pm

Financial

India's net direct tax collections rise 13% from April 1-Sept 17

India's direct tax revenue shows strong growth, increasing by over 13% year-on-year, a positive sign for the nation's fiscal health

Published 18 Sep, 2026 05:30pm

Stocks

Abu Dhabi gains on IHC rally, Dubai falls

Dubai’s main index, however, fell 0.5%

Published 18 Sep, 2026 05:22pm

Companies

Apple Pay eyes India rollout with Axis Bank, sources say

Apple Pay is launching in India next month with Axis Bank, offering iPhone users a secure and convenient tap-and-pay experience

Published 18 Sep, 2026 05:02pm

Companies

When the dollar and pound hear different inflation stories

The Fed and the Bank of England reach their September decisions a day apart, yet GBPUSD isn’t priced on who is more hawkish. It is priced on the trade-off each bank is actually being asked to make.

Published 18 Sep, 2026 04:59pm

Stocks

London's FTSE 100 retreats as banks, energy weigh but eyes weekly rise

The blue-chip FTSE 100 index fell 0.6% to 10,751.57 points

Published 18 Sep, 2026 04:55pm

Stocks

Tata Group firms shed $4 billion in market value amid holding company rift

Tata Group stocks fell as an internal conflict regarding Tata Sons' leadership and potential listing created significant market uncertainty

Published 18 Sep, 2026 04:52pm

Money & Banking

Bank of Maharashtra raises $500 million in debut dollar debt, tightens pricing

Bank of Maharashtra successfully raised $500 million in its first dollar bond offering, reflecting strong market confidence

Published 18 Sep, 2026 04:28pm

Forex

Indian rupee slips on-week, traders reckon 'line in sand' near 96/USD will hold

Indian rupee ended at 95.8750 per dollar, up modestly on the day but logged a 0.3% week-on-week fall

Published 18 Sep, 2026 04:24pm

Companies

Pakistani textile firm Sapphire Fibres joins race for IESCO privatisation

Company may form a consortium once the approval is granted, says IESCO

Published 18 Sep, 2026 04:23pm

Stocks

Indian shares post longest weekly losing streak in six years on oil, rate worries

Nifty 50 rose 0.33% to 23,346.40, while the Sensex shed 0.03% to 74,294.96

Published 18 Sep, 2026 04:22pm

Commodities

Active demand in China sets copper on track for weekly gain

Three-month copper on the London Metal Exchange gained 0.2% to $14,521 a metric ton

Published 18 Sep, 2026 04:19pm

Commodities

Palm oil falls on weaker rival oils, crude; gains 1.7% for the week

Dalian’s most-active soyoil contract fell 1.57%

Published 18 Sep, 2026 04:16pm

Business & Finance

Auto experts criticise draft policy for weak localisation measures

Expert says flat 15% duty be reconsidered as it will completely wipe out localised production

Updated 18 Sep, 2026 04:42pm

Money & Banking

India likely to discuss second half borrowing on Sept. 25, sources say

India's government meets next Friday to set its 7.96 trillion rupee borrowing plan, facing market pressure for shorter bonds amid RBI's complicating sales

Published 18 Sep, 2026 04:09pm

Stocks

NSE's $2.3 billion IPO fully subscribed, spotlight shifts to Sept. 24 debut

India's NSE IPO, fully subscribed after a decade of delays, is poised for a highly anticipated September 24 market debut

Published 18 Sep, 2026 04:05pm

Companies

India finds Nestle baby food sample substandard, takes legal action

India's food regulator is pursuing legal action against Nestle after finding its baby food substandard, impacting a crucial market

Published 18 Sep, 2026 04:02pm

South Asia

Noel Tata steps into spotlight in fight over future of India's Tata empire

Noel Tata, now leading Tata Trusts, is a pivotal figure, battling to keep the 158-year-old Tata Sons private and influencing its future

Published 18 Sep, 2026 03:54pm

Exchange

Rupee sees further improvement against US dollar

Settles at 277.25

Updated 18 Sep, 2026 06:33pm

Commodities

Gold price increases by Rs6,900 per tola in Pakistan

International rate of gold increases by $69 to reach $4,378 per ounce

Updated 19 Sep, 2026 12:38pm

Financial

Mobile phone imports decline 8.85% in July-August: PBS

Pakistan’s demand for telecom infrastructure remains relatively strong during the period under review

Published 18 Sep, 2026 02:08pm

Companies

Ningbo Green Light Energy set to be Pakistan's first listing via SPAC: report

Pakistan's IPO market has continued with strong momentum into 2026, with new listings generally showing robust post-listing performance

Published 18 Sep, 2026 01:17pm

Companies

Dada partners advises QistBazaar on its groundbreaking PKR 500 million Sukuk

Dada Partners (Private) Limited acted as the exclusive financial advisor to QistBazaar on its PKR 500 million...

Published 18 Sep, 2026 01:11pm

Energy

China's August refined fuel exports exceed pre-Iran war levels, jet fuel exports hit record high

Jet fuel exports rose 41.4% year-on-year to 2.55 million tons in August, hitting a monthly record

Published 18 Sep, 2026 11:46am

Markets

Moody's raises India fiscal 2027 GDP growth forecast to 7% on Middle East resilience

The agency said elevated energy prices and El Niño-related food price pressures pose risks to inflation, consumption and growth

Published 18 Sep, 2026 11:43am

Money & Banking

SECP approves up to Rs3mn digital financing for small businesses

Initiative aims to bring underserved businesses into the formal credit system, says SECP

Published 18 Sep, 2026 11:41am

Commodities

Copper set for weekly gain as China demand offsets US policy pressure

Three-month copper on the London Metal Exchange slipped 0.2% to $14,467.50 a metric ton

Published 18 Sep, 2026 11:36am

Commodities

Palm oil tracks rival edible oils and crude lower; heads for weekly gain

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 30 ringgit, or 0.61%, to 4,906 ringgit

Published 18 Sep, 2026 11:28am

Mutual Funds

India bonds little changed, debt auction cutoff to guide

The benchmark 6.94% 2036 bond yield was at 7.0497%

Published 18 Sep, 2026 11:26am

Forex

Thai baht/US dollar stronger on Friday

The baht was 0.1% higher at 33.24 versus the dollar, after trading in a range of 33.250 to 33.305

Published 18 Sep, 2026 11:18am

Stocks

China stocks on track for best day in a month ahead of Trump-Xi meeting; Hong Kong rises

China’s large-cap CSI300 Index and the Shanghai Composite Index were up about 1% by the lunch break

Published 18 Sep, 2026 11:12am

Markets

Malaysia's August exports rise 45.5% y/y, above forecast

Imports in August grew 41.1% from a year earlier, data from the statistics department showed

Published 18 Sep, 2026 10:52am

Forex

Australian dollar lifted by RBA hawks, kiwi belly flops

The kiwi dollar had less luck, easing another 0.2% to $0.5717, bringing losses for the week to 1.6%

Published 18 Sep, 2026 10:49am

Markets

AirAsia's Fernandes says travel demand remains strong, current crisis 'far' less severe than COVID

Speaking at a media briefing, he also said strong demand for air travel continued to support the business

Published 18 Sep, 2026 10:47am

Markets

Qantas ground workers to strike over pay and conditions next week

Workers will strike for a 24-hour period on Wednesday in Victoria state and Thursday in the rest of the country

Published 18 Sep, 2026 10:45am

Forex

China's offshore yuan hits strongest in four years ahead of Trump-Xi meeting

Offshore yuan hit 6.6956 per dollar in morning trade, the strongest level since July, 2022

Published 18 Sep, 2026 10:42am

Companies

Nishat Group’s NexGen Auto launches iCAUR in Pakistan with the V27 REEV priced at PKR 12,499,000

Nishat Group’s automotive venture, NexGen Auto, has officially revealed the prices of the iCAUR V27 and iCAUR V23,...

Updated 18 Sep, 2026 12:05pm

Stocks

Australian shares rise as RBA governor warns inflation risks materialising

The S&P/ASX 200 index rose 0.3% to 8760.6 points

Published 18 Sep, 2026 10:37am

Bullion Rate

Gold edges higher on lower oil prices, subdued dollar

Spot gold was up 0.2% at $4,346.65 per ounce

Published 18 Sep, 2026 10:35am

Markets

Pakistan developing National Private Equity Framework

Leading global institutional investors and top money managers showed strong interest in Pakistan at the conference

Published 18 Sep, 2026 10:25am

Stocks

PSX: Buying continues, KSE-100 gains over 1,800 points

Benchmark index settles at 170,884.58

Updated 18 Sep, 2026 06:32pm

Markets

BOJ raises interest rates to 31-year high in widely expected move

At a two-day policy meeting that ended on Friday, the board decided by a 7-2 vote to raise its policy rate ‌from ⁠1%

Published 18 Sep, 2026 08:10am

Stocks

Indian shares set to inch higher as oil eases; IPO rush to cap upside

GIFT Nifty futures were trading around 23,329.5 points

Published 18 Sep, 2026 08:07am

Forex

Indian rupee may find breathing room on IPO-linked inflows, oil retreat

The Indian rupee is expected to open in a 95.75-95.80 per dollar range, traders said, having settled at 95.93 on Thursday

Published 18 Sep, 2026 08:02am

Stocks

Stocks rise as oil dips, yen wobbles ahead of BOJ

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.55%

Published 18 Sep, 2026 07:59am

Forex

Yen weak ahead of BOJ decision; rate hike expected

The yen's softness followed data released ⁠Friday which showed Japanese inflation fell slightly short of expectations in August

Published 18 Sep, 2026 07:55am

Energy

Oil prices edge lower on easing fears over Saudi supply disruption

Brent crude futures fell by 88 cents, or 0.84%, to $103.94 a barrel

Updated 18 Sep, 2026 06:14pm

Business & Finance

SOEs have become nearly unsustainable: Mian Zahid

KARACHI: President of the Pakistan Businessmen and Intellectuals Forum (PBIF) and All Karachi Industrial Alliance,...

Published 18 Sep, 2026 06:38am

Energy

Petrol price cut by 43 paise, HSD’s up by Rs3.47

ISLAMABAD: The Petroleum Division has announced an increase in High Speed Diesel (HSD) price by Rs3.47 per litre for...

Published 18 Sep, 2026 06:37am

Business & Finance

Punjab steps up measures to boost business, investment

LAHORE: Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman has said that Punjab Chief Minister Maryam Nawaz...

Published 18 Sep, 2026 06:29am

Business & Finance

Kenyan HC for enhancing trade with Pakistan

FAISALABAD: Kenyan High Commissioner Lieutenant General Peter Mbogo Nijru (retd) has stressed the need for continued...

Published 18 Sep, 2026 06:21am

Companies

AI shifting digital divide from access to capability: JazzWorld CEO

ISLAMABAD: As artificial intelligence increasingly expands what individuals can do with technology, the next major...

Updated 18 Sep, 2026 09:48am

Business & Finance

SBP urges customers to remain vigilant against online frauds

KARACHI: The State Bank of Pakistan (SBP) has urged customers to remain vigilant against suspicious messages and...

Published 18 Sep, 2026 06:08am

Business & Finance

Second quarter of CY2026: Karachi Port’s PLSCI score rises to 343

ISLAMABAD: Karachi Port’s liner shipping connectivity has reached an all-time high, with its Port Liner Shipping...

Published 18 Sep, 2026 06:03am

Energy

Oil falls 1pc

HOUSTON: Oil prices settled about 1 percent lower on Thursday, but stayed above USD100 a barrel, as investors...

Published 18 Sep, 2026 05:27am

Business & Finance

Forex reserves hit five-year high of USD26.8bn

KARACHI: The country’s total liquid foreign exchange reserves have risen to a five-year high of USD 26.8 billion,...