News Archives for Business & Finance - 2026-09-28

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Business & Finance - 2026-09-28

Business & Finance

Govt cuts petrol by Rs2.27, diesel by Rs3.56 per litre

New prices effective for September 29

Updated 28 Sep, 2026 11:16pm

Stocks

Wall St declines as oil spikes after Trump rejects Iran peace proposal

Dow Jones Industrial Average fell 384.11 points

Published 28 Sep, 2026 09:37pm

Stocks

Sri Lankan shares fall as utilities, real estate stocks weigh

CSE All Share index settled down 0.44% at 20,943.79

Published 28 Sep, 2026 07:33pm

Stocks

Most Gulf bourses retreat after Trump dismisses Iranian overture

Saudi Arabia’s benchmark index dropped 1%

Published 28 Sep, 2026 06:21pm

South Asia

Red Bull sues Indian regulator over 'energy drink' label ban

'Energy drink' label is at the heart of a legal battle as Red Bull challenges India's regulator over its ban, impacting major beverage brands

Published 28 Sep, 2026 06:13pm

Technology

MongoDB CEO Desai steps down to lead Meta's enterprise platform

Desai has served as MongoDB’s CEO for less than a year

Published 28 Sep, 2026 06:06pm

Commodities

Palm oil falls for a second session on weak rival oils

Dalian’s most-active soyoil contract fell 0.84%

Published 28 Sep, 2026 04:24pm

South Asia

India's Aug industrial output jumps 8% as manufacturing output surges

India's industrial output saw an impressive 8% surge in August, propelled by robust manufacturing and electricity generation, defying expectations

Published 28 Sep, 2026 04:20pm

Commodities

Pakistan gets offers in 185,000 metric ton wheat tender, traders say

Bunge submitted the lowest bid of $339.36/ton for 60,000 tons in Pakistan's tender for 185,000 metric tons of wheat

Published 28 Sep, 2026 04:15pm

Exchange

Pakistan rupee gains against US dollar

Settles at 277.15 against greenback

Updated 28 Sep, 2026 07:21pm

Energy

Russian oil supply to India tightens on reduced exports, strong Chinese demand

Russian oil supplies to India are tightening, with September arrivals falling to 1.75 million bpd, as China outbids India for available crude

Published 28 Sep, 2026 04:02pm

Business & Finance

Pakistan becomes first country to join Hong Kong's ValidAP trade verification platform

Initiative follows Memorandum of Understanding signed between Pakistan Customs and Customs and Excise Department of Hong Kong

Updated 28 Sep, 2026 09:37pm

Financial

Indian firms ready $3 billion of debt issues with eye on potential RBI rate hike

A surge in Indian corporate debt issuance signals companies are preemptively locking in rates, fearing an imminent hike from the Reserve Bank of India

Published 28 Sep, 2026 03:55pm

Taxes

FPCCI seeks one-month extension to the income tax return deadline

Technical disruptions are preventing thousands of willing taxpayers from submitting their returns accurately and on time, says the trade body

Published 28 Sep, 2026 03:51pm

Forex

Oil woes push Indian rupee to over one-week low, RBI caps fall near 96/USD

Indian rupee settling down 0.2% at 95.9825 per dollar

Published 28 Sep, 2026 03:48pm

Stocks

Indian shares slide to near six-month low as US-Iran deadlock lifts oil prices

Nifty 50 fell 1.56% to 22,780.25, while the BSE Sensex shed 1.52% to 72,771.72

Published 28 Sep, 2026 03:44pm

Money & Banking

Imran Haleem Shaikh to take charge as BankIslami President & CEO from Sept 29

Shaikh joined BankIslami as Deputy Chief Executive Officer in January 2024 after spending more than 13 years at JS Bank, where he served as Chief Operating Officer

Updated 28 Sep, 2026 09:54pm

Opinion

Establish a gas market for boosting exports

Pakistan’s gas debate is usually presented as a choice between indigenous gas and imported LNG

Published 28 Sep, 2026 02:47pm

Forex

South African rand slips as US-Iran stalemate pushes oil prices higher

The rand traded at 16.40 against the dollar , about 0.5% weaker than its previous close

Published 28 Sep, 2026 02:38pm

Technology

AKD Securities warns of deepfake scam impersonating Dhedhi, Hina Junaid

Company says complaint filed with National Cyber Crime Investigation Agency (NCCIA)

Updated 28 Sep, 2026 09:48pm

Commodities

Gold price per tola fall Rs12,800 in Pakistan

International rate of gold declines by $128 to reach $4,156 per ounce

Updated 28 Sep, 2026 07:29pm

Stocks

European shares rise as British homebuilders surge on buyer support scheme

The pan-European STOXX 600 was up 0.3% at 640.43 points

Published 28 Sep, 2026 12:50pm

Companies

MIHAS Awards 2026 celebrates excellence and sets new benchmark for innovation, sustainability and digitalisation across the global halal ecosystem

The MIHAS Awards 2026, one of the key highlights of the Malaysia International Halal Showcase (MIHAS) 2026,...

Published 28 Sep, 2026 12:49pm

Companies

Attock Refinery plans new 50,000 bpd deep-conversion refinery

Refinery seeks necessary support from the government in this regard

Published 28 Sep, 2026 12:27pm

Markets

China weighs allowing ByteDance, Alibaba to buy new Nvidia chips, The Information reports

Chinese government has signaled it could allow some domestic ‌companies like ByteDance and Alibaba to buy Nvidia’s chip

Published 28 Sep, 2026 12:14pm

Stocks

China stocks fall as Trump-Xi meeting yields little relief on key tensions

The large-cap CSI300 Index lost 2.2% by the lunch break

Published 28 Sep, 2026 12:04pm

Mutual Funds

India's key-tenor bonds may see relief after October-March supply cut

The benchmark 6.94% 2036 bond yield is expected to trade between 7.06% and 7.11% on Monday

Published 28 Sep, 2026 11:51am

Stocks

Australian shares rise as banks, gold miners rally ahead of RBA decision

The S&P/ASX 200 index was up 0.2% at 8,683.5 points

Published 28 Sep, 2026 11:42am

Markets

Nissan to launch hybrid Rogue in US in November, Americas chairman says

The Japanese automaker has sold more than 2 million e-Power vehicles globally

Published 28 Sep, 2026 11:40am

Commodities

Wheat falls as markets monitor Black Sea export prospects

The most-traded wheat contract on the Chicago Board of Trade (CBOT) was down 0.32% at $7.01 a bushel

Published 28 Sep, 2026 11:37am

Forex

Australia, NZ dollars pinned near multi-month lows, RBA set to hike

The Aussie was flat at $0.7020, after losing 1.5% last week to hit an eight-week low of $0.7004

Published 28 Sep, 2026 11:36am

Commodities

Palm oil falls for second session on weaker rivals By Bernadette Christina

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 13 ringgit, or 0.28%, at 4,659 ringgit ($1,141.91) a metric ton

Published 28 Sep, 2026 11:35am

Forex

Thai baht/US dollar weaker on Monday

The baht was 0.46% lower at 33.52 versus the dollar, after trading in a range of 33.430 to 33.565

Published 28 Sep, 2026 11:33am

Markets

Indian central bank likely shielding rupee as US-Iran impasse lifts oil prices, traders say

The rupee declined 0.1% to 95.89 per dollar, with the central bank’s presence helping it hold above the 96 mark

Published 28 Sep, 2026 11:31am

Stocks

Japan's Nikkei gives up gains on caution for Micron earnings

The broader Topix inched up 0.16% to 4,135.38

Published 28 Sep, 2026 11:28am

Stocks

South Korean shares fall more than 2% as chipmakers drop

The benchmark KOSPI was down 150.83 points, or 2.13%, at 6,930.09

Published 28 Sep, 2026 11:25am

Mutual Funds

Japanese government bonds slide on inflation signs, BOJ rate-hike bets

The benchmark 10-year JGB yield climbed 2 basis points (bps) to 3.095%

Published 28 Sep, 2026 11:22am

Commodities

Copper hits 10-day low as oil rally, strong dollar weigh

Benchmark three-month copper on the London Metal Exchange fell 1.06% to $14,467.50 a metric ton

Published 28 Sep, 2026 10:57am

Forex

China's yuan eases after Trump-Xi meeting, but exports underpin further strength

The onshore yuan changed hands at 6.7142 against the dollar in late-morning trade

Published 28 Sep, 2026 10:54am

Commodities

China says to cut tariffs on US farm goods, but soybeans excluded

Chinese state-run agricultural companies Sinograin and COFCO have bought more than 12 million metric tons of US soybeans

Published 28 Sep, 2026 10:47am

Markets

Thailand's August car production rises 10.9% on year

August domestic car sales were up 25.59% from a year earlier, following a rise of 20.07% in July

Published 28 Sep, 2026 10:45am

Markets

China says US trade truce extension creates space to advance talks

That would also create better conditions for the export of related Chinese products to the United States, the ministry said in its statement

Published 28 Sep, 2026 10:33am

Stocks

PSX: KSE-100 Index closes 340 points lower after mixed trading

Benchmark index settles at 170,425.62

Updated 28 Sep, 2026 06:53pm

Energy

Mideast oil exports rebound in September as Saudi Arabia boosts shipments

A total of 19 very large crude carriers, carrying 2 million barrels of Saudi oil each, exited the Strait of Hormuz last week

Published 28 Sep, 2026 08:23am

Forex

Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build

The yen was last down 0.3% at 157.7 per dollar

Published 28 Sep, 2026 08:18am

Stocks

Stocks slip in Asia as oil climbs, bonds retreat

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.6%

Published 28 Sep, 2026 08:12am

Stocks

Indian shares on track for tepid open as US-Iran stalemate lifts oil prices

GIFT Nifty futures were at 23,111 points

Published 28 Sep, 2026 08:06am

Forex

Indian rupee pressured by Iran talks impasse; RBI intervention a 'reliable' buffer

The Indian rupee is expected to ‌open slightly weaker, having settled at 95.8125 to the dollar on Friday, according to traders

Published 28 Sep, 2026 08:02am

Energy

Oil gains 2% as US-Iran peace talks in stalemate

Brent futures were up $1.68, or 1.6%, at $106 barrel

Updated 28 Sep, 2026 06:54pm

Bullion Rate

Gold drops more than 1% on US rate-hike bets

Spot gold was down 1.5% at $4,223.95 per ounce

Published 28 Sep, 2026 07:49am

Pakistan

IESCO notifies power suspension programme

ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Sunday issued a power suspension programme for Monday on...

Published 28 Sep, 2026 04:13am

Cotton & Textile

PCGA demands govt launch drive to save cotton economy

MULTAN: Pakistan Cotton Ginners Association (PCGA) has demanded the government should launch a nationwide “Grow...

Updated 28 Sep, 2026 06:22am

World

Mali gold mine: Barrick Mining reaches deal with unions

TORONTO: Canada’s Barrick Mining has signed a new collective bargaining agreement with unions representing workers...

Published 28 Sep, 2026 04:13am

Business & Finance

Investigation into ‘sale of non-customs-paid goods’: FBR delays implementation of FTO’s recommendations

ISLAMABAD: The Federal Board of Revenue (FBR) has further delayed implementation of the binding recommendations of...

Published 28 Sep, 2026 04:13am

Pakistan

Pharma markets face shortage of over 100 life-saving drugs

Manufacturers have repeatedly approached the government to revise up medicine prices

Published 28 Sep, 2026 04:13am

Business & Finance

Textile exporters: PTEA chief identifies rising cost of production as foremost challenge

FAISALABAD: “The rising cost of doing business has not only discouraged fresh investment in the textile industry but...

Published 28 Sep, 2026 04:13am

Business & Finance

IT sector termed key contributor to macroeconomic stability

KARACHI: Special Assistant to the Chief Minister (SACM) and Minister for Science & Information Technology...

Published 28 Sep, 2026 04:13am

Business & Finance

Weekly cotton review: Market shows overall stability

KARACHI: The cotton market has shown overall stability, although prices on the New York cotton exchange experienced...

Published 28 Sep, 2026 04:13am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 1	277.30
USD PKR Interbank Buying / Oct 1	277.10
USD to Japanese Yen / Oct 2	157.82
USD to Swiss Franc / Oct 2	0.83
Pound Sterling to USD / Oct 2	1.32
Euro to USD / Oct 2	1.12
SOFR % / Sep 30	3.90

Stock	Volume
S&P 500 / Oct 1	7,666.45
India Sensex / Oct 1	71,909.70
Nasdaq / Oct 1	26,871.60
Dow Jones / Oct 1	50,926.56
Tokyo Nikkei / Oct 2	68,326.72
Hang Seng / Oct 2	24,012.97
FTSE 100 / Oct 2	10,443.98
Germany DAX 30 / Oct 2	24,999.92
France CAC40 / Oct 2	7,858.85

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 1	18,480
Petrol/Litre / Oct 2	390.66
Crude Oil USD/Barrel / Oct 2	92.52
Gold 10 Grams PKR / Oct 2	377,774
Gold Spot USD/Ounce / Oct 2	4,189.29
Diesel/Litre / Oct 2	399.34
Cotton US¢/pound / Oct 2	77.51

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Oct 2 Dewan Sugar Mills Limited(DWSM)	6.85 ▲ 0.64 (10.31%)
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	17.25 ▲ 1.57 (10.01%)
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%)
Popular Islamic / Oct 2 Popular Islamic Modaraba(PIM)	72.16 ▲ 6.56 (10%)
Kohinoor Energy / Oct 2 Kohinoor Energy Limited(KOHE)	16.76 ▲ 1.52 (9.97%)
Javedan Corp.(Pref) / Oct 2 Javedan Corp.(Pref)(JVDCPS)	57.84 ▲ 5.24 (9.96%)
Pakistan Credit Rating Agency / Oct 2 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	48 ▲ 4.33 (9.92%)
Apna Microfin. / Oct 2 Apna Microfinance Bank Limited(AMBL)	19.84 ▲ 1.77 (9.8%)
D.M. Corporation / Oct 2 D.M. Corporation Limited(DMC)	174 ▲ 11.92 (7.35%)

Stock	Price
F.Credit & Inv / Oct 2 First Credit and Investment Bank Limited(FCIBL)	35.70 ▼ -3.97 (-10.01%)
Asim Textile / Oct 2 Asim Textile Mills Limited(ASTM)	112.10 ▼ -12.46 (-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%)
JS Global Cap. / Oct 2 JS Global Capital Limited(JSGCL)	135.55 ▼ -13.98 (-9.35%)
Aisha Steel (CPS) / Oct 2 Aisha Steel Mills Limited (CPS)(ASLCPS)	68 ▼ -7 (-9.33%)
Mughal Energy / Oct 2 Mughal Energy Limited(GEM)(GEMMEL)	37.51 ▼ -3.58 (-8.71%)
Buxly Paints / Oct 2 Buxly Paints Limited(BUXL)	426 ▼ -39.08 (-8.4%)
Oilboy Energy / Oct 2 Oilboy Energy Limited(OBOY)	16.92 ▼ -1.46 (-7.94%)
JS Rental REIT / Oct 2 JS Rental REIT(JSRR)	10.56 ▼ -0.8 (-7.04%)

Stock	Volume
First Punjab Modaraba / Oct 2 First Punjab Modaraba(FPJM)	22,074,620 ▼ -2.61
WorldCall Telecom / Oct 2 Worldcall Telecom Limited(WTL)	21,500,195 ▲ 0.01
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	16,198,111 ▲ 1.57
Pak Int.Bulk / Oct 2 Pakistan International Bulk Terminal(PIBTL)	14,506,398 ▼ -0.34
K-Electric Ltd. / Oct 2 K-Electric Limited(KEL)	12,143,430 ▼ -0.03
Kohinoor Spinning / Oct 2 Kohinoor Spinning Mills Limited(KOSM)	12,051,711 ▼ -0.24
F. Nat.Equities / Oct 2 First National Equities Limited(FNEL)	10,257,615 ▲ 0.02
Cnergyico PK / Oct 2 Cnergyico PK Limited(CNERGY)	9,217,384 ▼ -0.18
Oilboy Energy / Oct 2 Oilboy Energy Limited(OBOY)	7,898,675 ▼ -1.46
Pak Refinery / Oct 2 Pakistan Refinery Limited(PRL)	6,430,608 ▲ 0.38

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