News Archives for Business & Finance - 2026-09-29

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Business & Finance - 2026-09-29

Business & Finance

PM Shehbaz inaugurates $3bn Eurobond in London

Becomes first PM from Pakistan to open London Stock Exchange trading session

Published 29 Sep, 2026 11:44pm

Markets

Govt decreases diesel price by Rs2.73, petrol by Rs1.49 per litre

New prices effective for Wednesday, September 30

Published 29 Sep, 2026 10:50pm

Markets

Special tax scheme for small shopkeepers in 'initial implementation phase': FBR

Board advises traders who encounter any technical difficulty or problem while registering under scheme to approach FBR directly for assistance, guidance

Published 29 Sep, 2026 09:55pm

Markets

CAREC corridors to connect Central Asia with global markets, says Ahsan Iqbal

Pakistan ready to take over CAREC chairmanship and host 26th Ministerial Conference in 2027, Planning minister says

Published 29 Sep, 2026 09:31pm

Markets

Tax returns: Pakistan banks to extend working hours on Sept 30

September 30 is deadline for filing tax returns in Pakistan

Published 29 Sep, 2026 09:05pm

Business & Finance

PM Shehbaz seeks greater investment in Pakistan from global financial giants

International financial institutions endorse Pakistan's financial reforms

Published 29 Sep, 2026 07:39pm

Middle East

Iraqi Airways to resume Iran flights in October after securing 'special exemption'

US-granted exemption allows Iraqi Airways to restart flights to Iran in October, easing travel after a sanctions-induced halt

Published 29 Sep, 2026 07:16pm

Stocks

Sri Lankan shares fall as real estate, utilities stocks weigh

CSE All Share index settled down 0.60% at 20,817.82

Published 29 Sep, 2026 07:10pm

Companies

The pioneer behind Pakistan's new era of automotive experiences

Pakistan’s automotive industry doesn’t look like it did two years ago. New global brands have arrived. Electric...

Published 29 Sep, 2026 07:04pm

Companies

Bangladesh eyes Airbus deal for 10 aircraft after Boeing order

Bangladesh could sign an agreement with Airbus as early as October

Published 29 Sep, 2026 06:58pm

Companies

Tata leadership transition, IPO unlikely to impact ratings, S&P Global says

S&P Global affirms Tata Group company ratings will not be immediately affected by the potential Tata Sons listing or leadership changes

Published 29 Sep, 2026 06:51pm

Commodities

Copper steadies as mine strike threat offsets dollar, oil strength

Benchmark three-month copper on the London Metal Exchange was up 0.2% to $14,447 per metric ton

Published 29 Sep, 2026 06:47pm

Stocks

Most Gulf equities end lower amid cautious response to renewed US-Iran talks

Saudi Arabia’s benchmark index declined 1.2%

Published 29 Sep, 2026 06:26pm

Companies

Red Bull wins India court reprieve to use 'energy drink' label

Indian court quashes regulator's ban on Red Bull's 'energy drink' label, a significant victory for the beverage giant

Published 29 Sep, 2026 06:20pm

Companies

India's SP Group arm taps dollar debt to meet another unit's dues

SP Group's Mercury Finance reissues a $125 million dollar bond, a key move in its ongoing strategy to manage debt and secure investments

Published 29 Sep, 2026 06:15pm

Companies

OGDCL inks deal with PINSTECH for lithium exploration

Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company,...

Published 29 Sep, 2026 04:47pm

Companies

India's Sun Pharma plans $1 billion local debt sale for loan takeout, sources say

Sun Pharma to raise 100 billion rupees ($1.04 billion) in domestic debt, replacing a bridge loan for its major Organon acquisition

Published 29 Sep, 2026 04:46pm

Forex

Indian rupee ends nearly flat as traders remain glued to oil moves, RBI caps fall

Indian rupee had declined 0.2% to 96.1475 in early trading but trimmed losses to close nearly flat at 95.98

Published 29 Sep, 2026 04:35pm

Stocks

Indian shares extend losing run on elevated oil, bond yields

Nifty 50 lost 0.28% to 22,716.2 and BSE Sensex fell 0.33% to 72,529.07

Published 29 Sep, 2026 04:27pm

Exchange

Pakistan rupee records gain against US dollar

Currency settles at 277.12 against greenback

Updated 29 Sep, 2026 08:33pm

Commodities

Gold price per tola drops Rs800 in Pakistan

International rate of gold declines by $8 to reach $4,148 per ounce

Updated 29 Sep, 2026 06:27pm

Stocks

Three debt instruments worth Rs27.8bn listed on PSX in 1QFY27

New debt instruments listed on PSX

Published 29 Sep, 2026 03:35pm

Companies

28 years of McDonald’s Pakistan: celebrating the local partners behind the golden arches

To celebrate 28 years in Pakistan, McDonald’s shifted the spotlight away from the counter and onto the local...

Updated 29 Sep, 2026 06:22pm

Technology

Pakistani fintech Abhi expands UAE footprint with NymCard partnership

Abhi, a Pakistani embedded finance platform and fintech company, and NymCard, a UAE-based payments infrastructure...

Published 29 Sep, 2026 02:23pm

Money & Banking

SECP proposes raising microfinance, housing loan limits to Rs5mn

Amendments issued for consultation with stakeholders, says regulator

Updated 29 Sep, 2026 09:46pm

Stocks

Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Anthropic reported a net loss of $42 billion in 2025, and plans to spend $518 billion on cloud

Published 29 Sep, 2026 12:29pm

Forex

South African rand extends losses before local economic releases

The rand traded at 16.43 against the ⁠dollar , about 0.1% softer than its previous close

Published 29 Sep, 2026 11:49am

Markets

Julius Baer seriously breached risk and money laundering rules, Swiss regulator says

The inquiry was related to private debt loans to a European group and client relationships tied to two Russian politically exposed persons

Published 29 Sep, 2026 11:46am

Markets

Samsung Electronics says HBM to account for nearly 30% of industry DRAM capacity next year

Samsung Electronics Executive Vice President Kim Taewoo said HBM and standard DRAM compete for the same wafer capacity

Published 29 Sep, 2026 11:39am

Markets

OpenAI apologies for Australian government website hack, pledges to rebuild trust

OpenAI said an experimental AI model breached the Services Australia Medicare Statistics Reporting Service

Published 29 Sep, 2026 11:36am

Markets

Google challenges EU orders to open up to AI, search-engine rivals

The challenges escalate a clash between Google and EU regulators over the scope of the Digital Markets Act

Published 29 Sep, 2026 11:33am

Business & Finance

Aurangzeb kicks off talks with IMF mission

IMF mission in Islamabad for fourth review of Pakistan’s EFF arrangement and third review of RSF

Updated 29 Sep, 2026 09:17pm

Stocks

Shares of fast-fashion's Shein plunge 14% to record low after profit slides

Shein has said the European fees could have a bigger impact than the end of de minimis in the US

Published 29 Sep, 2026 11:30am

Markets

Thai Airways to clear 5,000 bags stranded at Bangkok airport, CEO says

Around 5,000 bags from Thai Airways flights remain at Bangkok’s Suvarnabhumi Airport

Published 29 Sep, 2026 11:27am

Markets

Toyota August sales, production fall for second straight month

The world’s biggest automaker saw global sales fall 6.4% from a year earlier to 790,743 vehicles and production drop 5.9% to 700,860 vehicles

Published 29 Sep, 2026 11:25am

Markets

Indian central bank likely intervenes to support rupee as oil prices weigh, traders say

The rupee declined to a low of 96.1575 per dollar before paring losses to last quote at 96.1125

Published 29 Sep, 2026 11:23am

Commodities

Copper edges higher despite persistent macro headwinds

Benchmark three-month copper on the London Metal Exchange rose 0.34% to $14,461.50 a metric ton

Published 29 Sep, 2026 11:16am

Stocks

Australian shares ease as investors look beyond likely RBA hike

The S&P/ASX 200 index fell 0.1% to 8,670.10 by 0033 GMT after closing 0.2% higher on Monday

Published 29 Sep, 2026 11:12am

Commodities

US soybeans rise on bargain buying, China tariff decision limits gains

The most-active soybean contract on the Chicago Board of Trade was up 0.2% at $12.90-1/2 a bushel

Published 29 Sep, 2026 11:11am

Markets

Australia's central bank lifts rates to 15-year high, signals risk of further hikes

The move was widely expected, with the Aussie dollar little changed at $0.7014 after a short-lived knee-jerk rise

Published 29 Sep, 2026 11:08am

Mutual Funds

India bonds may steady after rout, but US yield, supply risks persist

The yield on the benchmark 6.94% 2036 bond may trade in a 7.15% to 7.20% band

Published 29 Sep, 2026 11:07am

Commodities

Palm oil falls for third session on weaker Dalian rivals

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 35 ringgit, or 0.75%, at 4,629 ringgit a metric ton

Published 29 Sep, 2026 11:05am

Stocks

Japan's Nikkei slumps as oil, bond yields weigh on sentiment

The broader Topix slipped 1.75% to 4,040.16

Published 29 Sep, 2026 11:03am

Stocks

South Korean shares flat as chip gains balance broader weakness

The benchmark KOSPI was down 5.34 points, or 0.08%, at 6,884.40

Published 29 Sep, 2026 11:02am

Forex

Thai baht/US dollar weaker on Tuesday

The baht was 0.1% lower at 33.62 versus the dollar, after trading in a range of 33.590 to 33.685

Published 29 Sep, 2026 11:00am

Forex

Australian dollar gets limited support from well-flagged rate hike

Core inflation is seen staying at 3.6%, well above the RBA’s target range of 2% to 3%

Published 29 Sep, 2026 10:59am

Forex

Yuan firms as exporters convert dollars before week-long holiday

The spot yuan opened at 6.7094 per dollar and was last trading at 6.7057

Published 29 Sep, 2026 10:57am

Stocks

China stocks edge up on policy support pledge

China’s blue-chip CSI300 Index was roughly flat by the lunch break

Published 29 Sep, 2026 10:55am

Mutual Funds

Japan bond yields hold near multi-decade highs before 40-year auction

The benchmark 10-year JGB yield rose 0.5 basis point (bp) to 3.090%, near the 30-year high of 3.115% touched last week

Published 29 Sep, 2026 10:53am

Stocks

PSX: late selling at bourse, KSE-100 sheds over 800 points

Benchmark index settles at 169,600.40 points

Updated 29 Sep, 2026 06:49pm

Forex

Rising US yields, oil headwinds put RBI's Indian rupee 96 buffer to the test

The Indian rupee is expected to open in the 95.99-96.02 range, per traders, after settling at 95.9825 per dollar on Monday

Published 29 Sep, 2026 08:17am

Stocks

Stocks wobble as bonds slump to monthly loss

In Asia, bond markets in Japan, South Korea and Australia traded under pressure and most regional equity markets slipped

Published 29 Sep, 2026 08:08am

Bullion Rate

Gold lingers near 7-week low ahead of US economic data

Spot gold rose 0.4% at $4,130.58 per ounce

Updated 29 Sep, 2026 12:19pm

Stocks

Indian shares to open near six-month lows as oil prices rise

GIFT Nifty futures were at 22,819.5 points

Published 29 Sep, 2026 07:58am

Forex

Dollar holds near two-month peak as yields rise, Fed data looms

The monetary policy-sensitive two-year yield also rose to its highest in more than two years, closing in on 5%

Published 29 Sep, 2026 07:55am

Energy

Oil falls as investors focus on Middle East supply

Brent crude futures were down $1.96, or 1.86%, to $103.32 a barrel

Updated 29 Sep, 2026 06:31pm

Companies

Takaful protection: Jubilee Life Insurance partners with Oladoc for digital access

KARACHI: Jubilee Life Insurance Company Limited – Window Takaful Operations has entered into a strategic digital...

Published 29 Sep, 2026 04:48am

Pakistan

Governor says peace indispensable for fostering business activities

LAHORE: Punjab Governor Sardar Saleem Haider Khan stated that peace is indispensable for fostering business...

Published 29 Sep, 2026 04:48am

Business & Finance

BMG to work with even greater zeal for Karachi: Motiwala

KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala, Vice Chairman BMG Anjum Nisar, Jawed Bilwani, Mian Abrar...

Published 29 Sep, 2026 04:48am

Business & Finance

Hearing today: Nepra to consider Rs1.73/unit hike for August FCA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is set to hear a request on Tuesday (today) for...

Published 29 Sep, 2026 04:48am

Industry

Muhammad Azam elected Chairman of PTA (Central)

LAHORE: Muhammad Azam of Royal Leather Industries Ltd., Lahore, has been elected unopposed as Chairman of the...

Published 29 Sep, 2026 04:48am

Industry

Ali Hassam elected LCCI president unopposed

LAHORE: Ali Hassam Asghar has been elected President of the Lahore Chamber of Commerce and Industry (LCCI) unopposed...

Published 29 Sep, 2026 04:48am

Business & Finance

Minister visits Huawei’s Global Service Centre

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja on Monday visited...

Published 29 Sep, 2026 04:48am

Business & Finance

Polyethylene, polypropylene: Tariff cuts must reflect in export growth: expert

ISLAMABAD: The government’s policy of reducing tariffs on imported raw materials needs to be reviewed against actual...

Published 29 Sep, 2026 04:48am

Business & Finance

FBR issues stern warning to IR field formations

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a stern warning to the Inland Revenue field formations to...

Published 29 Sep, 2026 04:48am

Industry

KATI elects Sheikh Umer Rehan as president

KARACHI: Sheikh Umer Rehan, Syed Farrukh Ali Qandhari and Nasir Sheikh have been elected President, Senior Vice...

Published 29 Sep, 2026 04:48am

Business & Finance

ABAD seeking to form ‘Sindh Business Forum’

KARACHI: Association of Builders and Developers (ABAD) is spearheading the formation of a ‘Sindh Business Forum’, a...

Published 29 Sep, 2026 04:48am

Business & Finance

Punjab moves to modernise taxation system

LAHORE: The Punjab government is set to overhaul its tax system through advanced digital tools as the Punjab Revenue...

Published 29 Sep, 2026 04:48am

Business & Finance

TDAP marks record participation at Saudi Food Show 2026

JEDDAH: The Trade Development Authority of Pakistan (TDAP) has marked its largest-ever participation at the Saudi...

Published 29 Sep, 2026 04:48am

Business & Finance

KCCI election: Baiga congratulates Mubeen, BMG candidates

KARACHI: Senior Vice President of the Textile Traders Association, Asif Baiga, has congratulated the Association’s...

Published 29 Sep, 2026 04:48am

Companies

Pakistan Cables recognised at Int’l Solar Technology Excellence Awards 2026

LAHORE: Pakistan Cables Ltd has been recognized as the exclusive category winner for Solar DC Cables at the 3rd...

Published 29 Sep, 2026 04:48am

Business & Finance

Govt urged to extend tax return filing deadline

KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 29 Sep, 2026 04:48am

Business & Finance

OGDC welcomes 2nd batch of female management trainee officers

ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has welcomed the second batch of its all-female Management...

Published 29 Sep, 2026 04:48am

Business & Finance

TCP receives 12 bids against second wheat import tender

KARACHI: The Trading Corporation of Pakistan (TCP) has received 12 bids, ranging from USD 339.36 to USD 354.83 per...

Updated 29 Sep, 2026 05:12am

Business & Finance

Around 4.7m income tax returns received so far

ISLAMABAD: The Federal Board of Revenue (FBR) has so far received around 4.7 million income tax returns for Tax Year...

Published 29 Sep, 2026 04:48am

Energy

Oil prices settle slightly higher

NEW YORK: Oil prices settled slightly higher on Monday on worries about ongoing supply disruptions as Qatari...

Published 29 Sep, 2026 04:48am

Business & Finance

Qatar-linked LNG traffic thru Hormuz picks up

SINGAPORE: More QatarEnergy-linked liquefied natural gas vessels, laden and in ballast, have transited the Strait of...

Published 29 Sep, 2026 04:48am

Energy

Petrol price cut by Rs2.27, HSD’s by Rs3.56

ISLAMABAD: The ex-depot prices of petrol has decreased by Rs 2.27 per litre from Rs 391.30 to Rs 389.03 per litre...

Published 29 Sep, 2026 04:48am

Companies

Jubilee General launches Resilience Rewards Programme

KARACHI: Jubilee General Insurance Co Ltd (JGI) has launched the Resilience Rewards Programme, a pioneering...

Published 29 Sep, 2026 04:48am

Business & Finance

K-Solar rebrands as K Nova

KARACHI: K-Solar, a wholly-owned subsidiary of K-Electric’s (KE) investment arm KE Ventures Company (Pvt) Limited,...

Published 29 Sep, 2026 04:48am

Business & Finance

Malaysia expresses interest in investment opportunities

KARACHI: Malaysia has expressed interest in exploring new trade and investment opportunities with Pakistan, while...

Published 29 Sep, 2026 04:48am

Companies

Mastercard’s Dreamonomics report finds SMEs in EEMEA prioritizing growth

KARACHI: Mastercard’s Dreamonomics report offers a new global view of the forces reshaping small and medium-sized...

Published 29 Sep, 2026 04:48am

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 1	158
USD to Swiss Franc / Oct 1	0.83
Pound Sterling to USD / Oct 1	1.32
Euro to USD / Oct 1	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
FTSE 100 / Oct 1	10,428.27
Dow Jones / Oct 1	50,926.56
Germany DAX 30 / Oct 1	24,939.35
France CAC40 / Oct 1	7,835.31
Tokyo Nikkei / Oct 2	68,326.72
Hang Seng / Oct 2	24,012.97

Item	Value
Crude Oil USD/Barrel / Oct 1	93.16
Karachi Cotton PKR/37.32 KG / Oct 1	18,480
Gold 10 Grams PKR / Oct 1	376,059
Gold Spot USD/Ounce / Oct 1	4,163.39
Cotton US¢/pound / Oct 1	77.76
Petrol/Litre / Oct 2	387.40
Diesel/Litre / Oct 2	400.35

Gainers
Losers
Leaders

Stock	Price
Dewan Motors / Oct 1 Dewan Farooque Motors Limited(DFML)	17.49 ▲ 1.59 (10%)
Ellcot Spinning / Oct 1 Ellcot Spinning Mills Limited(ELSM)	196.28 ▲ 17.84 (10%)
First Imrooz Mod. / Oct 1 First Imrooz Modaraba(FIMM)	286.94 ▲ 26.09 (10%)
Fazal Cloth / Oct 1 Fazal Cloth Mills Limited(FZCM)	280.46 ▲ 25.5 (10%)
Mandviwala / Oct 1 Mandviwala Mauser Plastic Industries(MWMP)	84.78 ▲ 7.71 (10%)
Popular Islamic / Oct 1 Popular Islamic Modaraba(PIM)	65.60 ▲ 5.96 (9.99%)
Arctic Textile / Oct 1 Arctic Textile Mills Limited(ARCTM)	57.29 ▲ 5.17 (9.92%)
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15.68 ▲ 1.41 (9.88%)
Lse Spac-I Ltd. / Oct 1 Lse Spac-I Limited(SPAC1)	22.36 ▲ 1.95 (9.55%)
Asim Textile / Oct 1 Asim Textile Mills Limited(ASTM)	124.56 ▲ 10.6 (9.3%)

Stock	Price
EFU Life Assr / Oct 1 EFU Life Assurance Limited(EFUL)	125 ▼ -39.01 (-23.79%)
Ashfaq Textile / Oct 1 Ashfaq Textile Mills Limited(ASHT)	45.51 ▼ -5.06 (-10.01%)
First Tri-Star Mod. / Oct 1 First Tri-Star Modaraba(FTSM)	44.03 ▼ -4.89 (-10%)
Pakistan Credit Rating Agency / Oct 1 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.67 ▼ -4.85 (-10%)
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	26.14 ▼ -2.9 (-9.99%)
East West Ins. / Oct 1 East West Insurance Company Limited(EWIC)	59.25 ▼ -6.37 (-9.71%)
Asia Ins. / Oct 1 Asia Insurance Company Limited(ASIC)	32.42 ▼ -3.43 (-9.57%)
Karam Ceramics / Oct 1 Karam Ceramics Limited(KCL)	156.18 ▼ -15.27 (-8.91%)
Power Cem(Pref) / Oct 1 Power Cement (Pref)(POWERPS)	29.62 ▼ -2.87 (-8.83%)
Apna Microfin. / Oct 1 Apna Microfinance Bank Limited(AMBL)	18.07 ▼ -1.73 (-8.74%)

Stock	Volume
Kohinoor Spinning / Oct 1 Kohinoor Spinning Mills Limited(KOSM)	93,751,754 ▲ 0.11
F. Nat.Equities / Oct 1 First National Equities Limited(FNEL)	38,616,570 ▲ 0.09
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	26,026,242 ▼ -0.14
Pak Int.Bulk / Oct 1 Pakistan International Bulk Terminal(PIBTL)	25,714,456 ▲ 0.03
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	22,551,198 ▼ -2.9
Tasdeeq Info. Serv. / Oct 1 Tasdeeq Information Services Limited(TISL)	19,722,398 ▲ 0
K-Electric Ltd. / Oct 1 K-Electric Limited(KEL)	17,323,432 ▼ -0.03
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	17,315,970 ▼ -0.01
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	16,558,025 ▲ 1.41
Pak Refinery / Oct 1 Pakistan Refinery Limited(PRL)	16,113,756 ▼ -1.8

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