News Archives for Business & Finance - 2026-09-23

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Business & Finance - 2026-09-23

Business & Finance

Govt cuts diesel price by Rs4.21, petrol by Rs1.93 per litre

New prices are effective for Thursday, September 24

Published 23 Sep, 2026 10:51pm

Business & Finance

Digital transformation key to Pakistan’s sustainable growth: Aurangzeb

3- Highlights the importance of developing digital public infrastructure and expanding cashless payment systems

Published 23 Sep, 2026 09:58pm

Business & Finance

Women in Tech Accelerator Pakistan announces eighth cohort winners

Three women-led start-ups receive equity-free grant funding totalling Rs10.5 million

Published 23 Sep, 2026 09:55pm

Companies

Bangladesh to buy 11 more Boeing jets as it seeks closer US trade ties

Bangladesh boosts its Boeing fleet with 11 new jets, strengthening US trade relations and Biman's modernization efforts

Published 23 Sep, 2026 08:39pm

Middle East

UAE bans Iran's Bank Melli from operating in the country

The United Arab Emirates’ central bank on Wednesday barred Iran’s Bank Melli from operating in the UAE, citing...

Published 23 Sep, 2026 07:18pm

Companies

McDonald's lays out $8.5 billion franchisee support plan, targets higher margins by 2030

McDonald's invests $8.5 billion in franchisees, aiming for substantial sales and market share growth, alongside improved efficiency by 2030

Published 23 Sep, 2026 06:56pm

Stocks

Most Gulf bourses rise on oil supply recovery, diplomacy hopes

Dubai’s main share index edged 0.2% higher

Published 23 Sep, 2026 06:50pm

South Asia

India tightens proposed food warning labels in setback to industry

India toughens food labeling, mandating red warnings for products with even one high ingredient like salt, sugar, or fat, affecting the food industry

Published 23 Sep, 2026 06:29pm

Stocks

Sri Lankan shares inch higher as communication, IT rise

CSE All-Share index settled up 0.15% at 21,085.15

Published 23 Sep, 2026 06:23pm

South Asia

India's $507 million line of credit to Maldives effective August 27, central bank says

India's 48.50 billion rupee credit line for Maldives is now effective, set to accelerate crucial developmental projects

Published 23 Sep, 2026 05:40pm

Commodities

Palm falls for fourth session on stockpile concerns, weak demand

Dalian’s most-active soyoil contract fell 0.27%

Published 23 Sep, 2026 04:28pm

Commodities

Copper falls from near-record highs on profit-taking, firmer dollar

Benchmark three-month copper on the London Metal Exchange (LME) was down 0.3% at $14,700 a ton

Published 23 Sep, 2026 03:41pm

Forex

Indian rupee slips as dollar gets Fed hike expectations tailwind

Indian rupee fell 0.1% to 95.74 per dollar

Published 23 Sep, 2026 03:37pm

Exchange

Rupee registers gain against US dollar

Settles at 277.20 against the US dollar

Updated 23 Sep, 2026 08:00pm

Stocks

Indian shares advance on oil retreat; financials lead

Nifty 50 rose 0.5% to 23,446.80, while the BSE Sensex gained 0.4% to 74,828.25

Published 23 Sep, 2026 03:34pm

Commodities

Gold price drops by Rs1,800 per tola in Pakistan

International rate of gold declines by $18 to reach $4,314 per ounce

Published 23 Sep, 2026 02:50pm

Companies

PIA to launch direct Pakistan-Maldives flights amid fleet expansion

PIA has been working to expand and modernise its fleet

Published 23 Sep, 2026 02:42pm

Markets

OECD lifts 2026 global growth forecast to 2.9% despite Mideast war

Global economic growth is now seen at 2.9 percent

Published 23 Sep, 2026 02:03pm

Business & Finance

Pakistan, IMF kick-off review talks

Pakistan’s ongoing IMF programs include an Extended Arrangement under the EFF and an RSF

Published 23 Sep, 2026 01:51pm

Business & Finance

ABAD considers corporatisation and REITs

Members of the Association of Builders and Developers of Pakistan (ABAD) are considering converting their businesses...

Published 23 Sep, 2026 12:45pm

Stocks

Europe stocks rise as oil retreat aids sentiment; PMI data in focus

The benchmark pan-European STOXX 600 was up 0.4% at 645.04 points

Published 23 Sep, 2026 12:43pm

Forex

South African rand muted ahead of inflation data, expected rate hike

The rand traded at 16.2125 against the dollar , down about 0.2% from its previous close

Published 23 Sep, 2026 12:16pm

Business & Finance

ADB expects Pakistan's GDP growth at 3.7% in FY27 as Middle East conflict weighs on economy

Inflation is projected to rise to 8.3% in FY27, the Asian Development Bank said

Updated 23 Sep, 2026 07:09pm

Forex

Thai baht/US dollar weaker on Wednesday

The baht was 0.14% lower at 33.16 versus the dollar, after trading in a range of 33.105 to 33.168

Published 23 Sep, 2026 11:44am

Forex

Australian dollar hits parity with its Canadian counterpart as rate outlook diverges

The Aussie traded at C$1.0004 on Wednesday after climbing 0.2% overnight to hit an 8-1/2-year top of C$1.0012

Published 23 Sep, 2026 11:37am

Stocks

Miners buoy Australian shares on copper boost; banks and energy stocks cap gains

The S&P/ASX 200 index rose 0.3% to 8,787.90

Published 23 Sep, 2026 11:35am

Markets

Singapore's core inflation rate rises to 2.2% in August, above forecast

Headline inflation was 2.3% in annual terms in August, matching the poll forecast

Published 23 Sep, 2026 11:31am

Markets

Roche proposes former Takeda CEO for board seat

Roche on Wednesday said it was proposing Christoph Weber

Published 23 Sep, 2026 11:30am

Commodities

Copper, industrial metals fall as stronger dollar weighs

The most-traded copper contract on the Shanghai Futures Exchange edged 0.23% lower to 110,960 yuan a ton.

Published 23 Sep, 2026 11:29am

Mutual Funds

Vietnam raises $1 billion in government bond auction, highest volume this year

The treasury sold 6.5 trillion dong out of the 9 trillion dong of 5-year bonds on offer, at a coupon of 4.27%

Published 23 Sep, 2026 11:20am

Forex

China's yuan eases amid softer guidance rate, growing tensions with Europe

Prior to the market open, the PBOC set the mid-point rate at 6.7468, snapping a 10-session strengthening streak

Published 23 Sep, 2026 11:12am

Mutual Funds

India bonds little changed; traders track oil moves in run-up to RBI decision

The benchmark 6.94% 2036 bond yield was at 7.0052%

Published 23 Sep, 2026 10:49am

Stocks

China, Hong Kong stocks fall as investors temper hopes for Trump-Xi meeting

In Hong Kong, the Hang Seng Index dropped 0.8%

Published 23 Sep, 2026 10:48am

Commodities

Palm slips for fourth session on stockpile fears, weak demand

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange slid 71 ringgit, or 1.48%, to 4,739 ringgit ($1,163.80) a metric ton

Published 23 Sep, 2026 10:46am

Bullion Rate

Gold lacklustre as higher-for-longer rate outlook weighs on sentiment

US gold futures for December delivery were up 0.2% at $4,383.10

Published 23 Sep, 2026 10:45am

Companies

Boeing, Pakistan discuss PIA fleet modernisation, earlier aircraft deliveries

Discussion covered financing support from the US Export-Import Bank

Published 23 Sep, 2026 10:21am

Stocks

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

Benchmark index settles at 172,232.51

Updated 23 Sep, 2026 06:44pm

Markets

GM CEO Mary Barra to attend Trump's state dinner for Xi, sources say

Barra will not be joined by Stellantis CEO Antonio Filosa, who is out of the country, two sources said. Ford declined to comment on if CEO Jim Farley would attend the dinner

Published 23 Sep, 2026 08:26am

Markets

With new Macs, Apple aims to take on Microsoft, Nvidia in a rush to lower AI costs

Apple's upgraded Mac Minis and Mac Studios ‌which can cost nearly $20,000 and handle AI tasks locally will go head-to-head against new desktop machines that Nvidia and PC makers are rolling out

Published 23 Sep, 2026 08:19am

Markets

South Korea's Lee, Trump welcome progress in US strategic investment projects

Lee told the UN General Assembly that Seoul would support efforts to revive dialogue with North Korea and work toward a durable peace framework while seeking broader international backing for those efforts

Published 23 Sep, 2026 08:13am

Markets

Boeing's engineers union backs latest contract offer

Boeing and its engineering union reached a contract agreement this month

Published 23 Sep, 2026 08:09am

Stocks

Indian shares set for flat open as foreign outflows offset Asian gains

GIFT Nifty ‌futures were at 23,343 points

Published 23 Sep, 2026 08:06am

Forex

Indian rupee hooked to oil prices as markets gauge Iran diplomacy hopes

The Indian rupee is expected to open nearly flat around 95.60-95.65 per dollar compared to its close at 95.59 in the previous session

Published 23 Sep, 2026 08:02am

Stocks

Asia stocks ride tech wave higher, oil stays subdued

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.7%, having now risen for six straight days

Published 23 Sep, 2026 07:58am

Markets

Dollar holds near 2-month high as markets weigh rate hikes, Iran diplomacy

The euro was at $1.1446 in early trading, loitering near its weakest level since late July

Updated 23 Sep, 2026 03:34pm

Energy

Oil up almost 2% as Iran's president vows to never surrender

Brent crude futures rose $1.84, or 1.85%, to $101.09 a barrel

Updated 23 Sep, 2026 09:17pm

Business & Finance

Karachi trade, industry: KATI president suggests a ‘charter of demands’

KARACHI: President of the Korangi Association of Trade and Industry (KATI) Muhammad Ikram Rajput has proposed that...

Published 23 Sep, 2026 06:05am

Industry

Asif Sakhi criticises KCCI ‘ruling group’

KARACHI: Asif Sakhi, Chairman of the Businessmen Alliance (BMA), the opposition group contesting the Karachi Chamber...

Published 23 Sep, 2026 06:05am

Business & Finance

HCSTSI, SBP officials discuss SMEs financing issues

HYDERABAD: Vice President, Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Shan Sehgal, met with...

Published 23 Sep, 2026 06:05am

Companies

JazzCash named finalist at ‘The Money Awards’

ISLAMABAD: JazzCash, a subsidiary of VEON Ltd, has been named a finalist at The Money Awards 2026 in two categories:...

Published 23 Sep, 2026 06:05am

Business & Finance

TY2020 to 2025: PAFO for publishing IT, wealth directories of parliamentarians

ISLAMABAD: The Professional Accountants Forum, Pakistan (PAFO) has urged the Finance Ministry and Federal Board of...

Published 23 Sep, 2026 06:05am

Business & Finance

CCP imposes Rs10m penalty on company

ISLAMABAD: The Competition Commission of Pakistan (CCP) has passed a detailed order imposing a Rs10 million penalty...

Published 23 Sep, 2026 06:05am

Energy

Petrol price cut by Rs1.70, HSD’s by Rs3.12

ISLAMABAD: The Petroleum Division has announced decrease in ex-depot prices of petrol and High-Speed Diesel (HSD)...

Published 23 Sep, 2026 06:05am

Energy

Oil prices settle lower

HOUSTON: Oil prices fell on Tuesday on increasing flows of Saudi crude with the restart of the East-West pipeline...

Updated 23 Sep, 2026 07:50am

Industry

FCCI corporate class elections for 2026-28 completed

FAISALABAD: First phase of FCCI (Faisalabad Chamber of Commerce & Industry) election for 2026-28 has been...

Published 23 Sep, 2026 06:05am

Companies

SE IPO book-building was oversubscribed 1.6 times

KARACHI: The book-building portion of SE Fruits and Vegetable Limited’s Initial Public Offering (IPO) was...

Published 23 Sep, 2026 06:05am

Business & Finance

Archaeological artefacts: NA body says concerned at illegal export

ISLAMABAD: The government has recovered and repatriated 1,252 precious archaeological artefacts from the United...

Published 23 Sep, 2026 06:05am

Business & Finance

PRA intensifies crackdown on tax evasion

LAHORE: The Punjab Revenue Authority (PRA) has stepped up action against tax evasion and irregularities involving...

Published 23 Sep, 2026 06:05am

Business & Finance

Karoblis says there is significant scope for expanding EU-Pakistan economic ties

LAHORE: European Union Ambassador to Pakistan Raimundas Karoblis has said there is significant scope for expanding...

Published 23 Sep, 2026 06:05am

Agriculture and Allied

Farmers demand surplus sugar export, Rs5,000 wheat support price

LAHORE: Representatives of various farmer organizations on Tuesday demanded the government to immediately allow...

Published 23 Sep, 2026 06:05am

Business & Finance

PIBF rejects proposed ‘smart lockdown’ measures

LAHORE: The Pak International Business Forum (PIBF) has rejected the proposed “smart lockdown” measures being...

Published 23 Sep, 2026 06:05am

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 3	392.76
Diesel/Litre / Oct 3	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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