News Archives for Business & Finance - 2026-09-30

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Business & Finance - 2026-09-30

Business & Finance

Govt cuts petrol price by Re0.14, diesel by Rs1.89 per litre

New prices are effective for October 1

Updated 30 Sep, 2026 11:43pm

Taxes

FBR extends tax return filing deadline to October 15

Previous deadline for filing returns was September 30

Updated 30 Sep, 2026 10:38pm

Stocks

S&P 500, Nasdaq advance as soft inflation tempers Fed rate-hike bets

Dow Jones Industrial Average fell 29.41 points,

Published 30 Sep, 2026 09:21pm

Markets

‘Lifecycle completed’: Honda Atlas discontinues BR-V production in Pakistan

Company official says will continue to offer HR-V, City, and Civic in Pakistan

Published 30 Sep, 2026 07:59pm

Business & Finance

FBR uncovers Rs9.41bn wealth statement fraud, registers money laundering case

Says taxpayer failed to explain source of funds when questioned

Published 30 Sep, 2026 07:07pm

Stocks

Most Gulf stocks in red as Trump rebuffs Iran sanctions easing

Saudi Arabia’s benchmark index eased 0.1%

Published 30 Sep, 2026 06:57pm

South Asia

India to launch offshore mineral auction in Andaman Sea

India begins auctioning two offshore mineral blocks in the Andaman Sea, seeking vital resources for electric vehicles and renewable energy

Published 30 Sep, 2026 06:51pm

Asia

China extends two trade barrier probes into US till December 27

BEIJING: China’s commerce ministry has decided to extend two probes into US trade practices it launched in March by...

Published 30 Sep, 2026 06:11pm

Markets

RBI's FX forward book tipped to shrink after touching $200 billion

Forward liabilities rose $63 billion month-on-month in August

Published 30 Sep, 2026 05:37pm

Stocks

Sri Lankan shares finish nearly flat after previous session's fall

CSE All Share index edged down 0.02% at 20,812.93

Published 30 Sep, 2026 05:22pm

Companies

IGI Holdings acquires Akzo Nobel

IGI Investments (Private) Limited, a wholly owned subsidiary of IGI Holdings Limited, has completed the acquisition...

Published 30 Sep, 2026 04:50pm

Taxes

Circular about tax returns extension is fake, FBR clarifies

No such circular has been issued, says FBR

Published 30 Sep, 2026 04:43pm

Markets

State Bank of India buys nearly 40% of Reliance's $1.35 billion debt sale

Reliance's 130-billion-Indian rupee AAA debt, led by SBI, underscores strong demand for scarce high-quality bonds in India's financial market.

Published 30 Sep, 2026 04:39pm

Technology

Apple plans to launch new smart-home hub on Oct 13, reports

Apple is launching a new smart-home hub on October 13, alongside AI-enhanced HomePod mini and Apple TV updates

Published 30 Sep, 2026 04:35pm

Companies

India's SAIL flies in Mongolian coking coal as it seeks new supplies, sources say

SAIL is exploring Mongolia for coking coal, a strategic move to diversify India's supply chain and reduce heavy reliance on Australian imports

Published 30 Sep, 2026 04:03pm

Exchange

Rupee records gain against US dollar

Settles at 277.11 against greenback

Updated 30 Sep, 2026 09:10pm

Stocks

India benchmark shares log worst month since March as oil, global rate hikes spark outflows

Nifty 50 retreated 6.1% during the month to 22,620.45, and the BSE Sensex declined 5.8% to 72,480.29

Published 30 Sep, 2026 03:46pm

Commodities

Copper climbs on China factory data, heads for third-straight monthly gain

Benchmark three-month copper on the London Metal Exchange was up 0.2% to $14,465 per metric ton

Published 30 Sep, 2026 03:41pm

Markets

Pakistan’s banknote paper maker SPL resumes normal operations after major upgrade

Upgrade enhances its technical capabilities, says the company

Published 30 Sep, 2026 03:41pm

Commodities

India's sunflower oil imports seen up 30% on duty cut, industry official says

India last week cut the basic import duty on crude sunflower oil to zero from 10%.

Published 30 Sep, 2026 03:38pm

Forex

Indian rupee lingers around bottom of Asia FX pile as global headwinds deepen

Indian currency declined 0.7% on the month and 1.2% in the July-September quarter

Published 30 Sep, 2026 03:29pm

Business & Finance

At CAREC meet Pakistan proposes AI-led digitalisation of border processes

Pakistan is ready to use geo-economics to advance cooperation, says Iqbal

Published 30 Sep, 2026 02:34pm

Commodities

Gold price per tola gains Rs4,300 in Pakistan

International rate of gold rises $43 to reach $4,191 per ounce

Updated 30 Sep, 2026 09:32pm

Energy

Pakistan mulls allowing private firms to directly import LNG: report

The Petroleum Division of the Ministry of Energy has submitted a proposal to allow private companies to import LNG directly

Published 30 Sep, 2026 01:55pm

Business & Finance

GB to take up Asaan Karobar Act soon

SIFC team briefed the chief minister on the government’s key priorities of investment facilitation and regulatory reforms

Updated 30 Sep, 2026 01:44pm

Forex

South African rand edges up ahead of month-end economic data

The rand traded at 16.3575 against the dollar , up roughly 0.3% from its previous close

Published 30 Sep, 2026 12:50pm

Stocks

European shares set for first monthly loss in six as bond yields weigh

On the day, the pan-European STOXX 600 was up 0.7% at 642.69 points

Published 30 Sep, 2026 12:45pm

Markets

Apple Pay launches in India with Axis Bank partnership

Apple Pay has also held talks with larger rivals HDFC Bank and ICICI Bank, but has yet to agree commercial terms

Published 30 Sep, 2026 12:28pm

Stocks

South Korean shares set for biggest quarterly drop since early 2020

The benchmark KOSPI was down 3.01 points, or 0.04%, at 6,867.80

Published 30 Sep, 2026 12:26pm

Mutual Funds

Japan to study putting government bond transactions on blockchain

The study group will assess the potential benefits, costs and market impact of bringing JGB-related transactions onto a blockchain

Published 30 Sep, 2026 12:24pm

Markets

Philippines central bank sees September inflation at 6.4% to 7.4%

The Philippines’ statistics agency will release official inflation data on Tuesday, October 6

Published 30 Sep, 2026 12:22pm

Markets

Chinese factory activity expands in September amid AI boom

The official manufacturing purchasing managers’ index (PMI) rose to 50.1 from 49.8 in August

Published 30 Sep, 2026 12:21pm

Markets

Sri Lanka central bank holds key rate at 8.75%

Inflation rose to a three-year high of 8% in August from 7.3% in July, according to the latest data

Published 30 Sep, 2026 12:20pm

Markets

Toyota car plants, Thai Airways cargo hit by Thailand floods

At least 24 people have been killed in the flooding, with 44 of Thailand’s 77 provinces affected

Published 30 Sep, 2026 12:19pm

Mutual Funds

India bonds to edge up on steady US yields, oil prices

The benchmark 6.94% 2036 bond yield may trade in the 7.14% to 7.18% range after ending at 7.1628% on Tuesday

Published 30 Sep, 2026 12:16pm

Commodities

Copper edges higher, finding support in China's rising factory activity

China’s official manufacturing purchasing managers’ index rose to 50.1 in September from 49.8 in August

Published 30 Sep, 2026 12:14pm

Forex

Yuan set for 7th straight quarterly gain as exporters sell dollars before holiday

The spot yuan opened at 6.7050 per dollar and was last trading at 6.7047

Published 30 Sep, 2026 11:38am

Stocks

China stocks flat, limp to quarterly drop, as stimulus falls short

China’s CSI 300 index rose 0.2% in morning trade and is struggling to lift off a one-year low made earlier in the week

Published 30 Sep, 2026 11:36am

Stocks

Japan's Nikkei rises as AI-related shares track US semiconductor rally

The broader Topix gained 0.6% to 4,067.98

Published 30 Sep, 2026 11:35am

Commodities

China's weak soybean demand dims prospects for US cargoes after tariff snub

US soybeans still face an additional 10% tariff since the start last year of a trade war between Beijing and Washington

Published 30 Sep, 2026 11:32am

Forex

Thai baht/US dollar stronger on Wednesday

The baht was 0.1% higher at 33.52 versus the dollar, after trading in a range of 33.520 to 33.600

Published 30 Sep, 2026 11:30am

Markets

SK Energy seeks Mideast oil for November-to-February loading, sources say

The company is looking for supplies from Gulf producers including the United Arab Emirates

Published 30 Sep, 2026 11:26am

Commodities

Palm inches higher on Dalian strength but remains on track for monthly drop

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 5 ringgit, or 0.11%, to 4,629 ringgit a metric ton

Published 30 Sep, 2026 11:24am

Forex

Australian dollar hits 9-week low, rounds out a rough month

The Aussie eased 0.3% to $0.6963, bringing its losses this month to 2.8%

Published 30 Sep, 2026 11:23am

Stocks

Australian shares edge higher, head for worst month in six; inflation data in focus

The S&P/ASX 200 index rose 0.1% to 8,718.1 points

Published 30 Sep, 2026 11:21am

Business & Finance

Barrick seeks security improvements before full construction of Reko Diq

The security situation in Balochistan remains a significant concern

Updated 30 Sep, 2026 09:48pm

Bullion Rate

Gold on track for monthly decline as investors brace for US inflation data

Spot gold was little changed at $4,180.30 per ounce

Published 30 Sep, 2026 10:40am

Markets

Thai August factory output rises 4.44% on year, beating forecast

After the methodology adjustment, the MPI in July was revised to a rise of 3.97% on year, up from a 0.46% increase

Published 30 Sep, 2026 10:28am

Markets

Indian central bank likely intervenes to support Indian rupee near 96/USD mark, traders say

The Indian rupee was last quoted at 95.97 per dollar, little changed on the day

Published 30 Sep, 2026 10:24am

Stocks

PSX: buying at bourse, KSE-100 settles with modest gains

Benchmark index settles at 169,969.32

Updated 30 Sep, 2026 06:41pm

Markets

DeepSeek partners with Huawei to develop chip programming tools, reducing reliance on Nvidia

DeepSeek said on Wednesday ‌it has partnered with Huawei Technologies to develop programming tools for Huawei's Ascend chips

Published 30 Sep, 2026 08:31am

Forex

Lower Fed hike odds, oil dip lend RBI hand in supporting Indian rupee

The Indian rupee is expected to open at 95.94-95.99 per dollar, according to traders after closing Tuesday at 95.98

Published 30 Sep, 2026 08:22am

Stocks

Bonds set for bruising September; stocks fare better

MSCI's broadest index of Asia-Pacific shares excluding Japan rose 0.2% in early trading and was on track for a monthly fall of just over 1%

Published 30 Sep, 2026 08:18am

Stocks

Indian shares likely to rise as oil comes off; BSE joins Nifty

GIFT Nifty futures were at 22,834 points

Published 30 Sep, 2026 08:06am

Forex

Dollar set for September rise, mainly at euro's expense

Overnight, the euro dipped to its lowest since May 2025, at $1.1312, and traded nearby at $1.1339 in Asia

Published 30 Sep, 2026 08:02am

Energy

Oil prices rise on stalled US-Iran talks and tight fuel markets

Brent November futures contract, which expires on Wednesday, was up $1.12, or 1%, at $103.71 a barrel

Updated 30 Sep, 2026 08:41pm

Pakistan

LHC restrains FBR from making further tax recovery from PASSCO

ISLAMABAD: The Lahore High Court has restrained the Federal Board of Revenue (FBR) from making any further tax...

Published 30 Sep, 2026 07:31am

Business & Finance

Leather manufacturers: FBR trims negative list to allow ST refund

ISLAMABAD: The Federal Board of Revenue (FBR) has removed polyurethane, an integral raw material used in leather...

Published 30 Sep, 2026 07:29am

USA

US consumer confidence sinks to lowest level since 2014

WASHINGTON: US consumer confidence plunged sharply in September to a level not seen since 2014, according to a key...

Published 30 Sep, 2026 07:13am

Energy

Petrol price cut by Rs1.49, HSD’s by Rs2.73

ISLAMABAD: In its daily review, the government on Tuesday reduced the petroleum prices for September 30. According...

Published 30 Sep, 2026 07:04am

Energy

Oil prices settle down 2.5pc

HOUSTON: Oil prices settled 2.5 percent lower on Tuesday as investors focused on signs of recovering crude exports...

Published 30 Sep, 2026 07:03am

Business & Finance

Practical steps needed to resolve business community’s issues: Tanveer

HYDERABAD: S M Tanveer, Patron-in-Chief of United Business Group while addressing the business community at the...