News Archives for Business & Finance - 2026-10-06

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Business & Finance - 2026-10-06

Markets

Auto manufacturers urge govt to suspend EDB’s used vehicle import 'relaxation'

The Pakistan Automotive Manufacturers Association (PAMA) on Tuesday urged the government to suspend implementation...

Published 06 Oct, 2026 11:11pm

Business & Finance

Govt raises petrol by Rs1.19, cuts diesel by Rs1.91 per litre

New prices are effective for October 7

Published 06 Oct, 2026 10:55pm

Business & Finance

Pakistan seeks $26bn investment in 35 UNDP-backed projects

Country aims to eliminate poverty, protect earth, and bring peace and health to all people by year 2030

Published 06 Oct, 2026 10:38pm

Stocks

London stocks gain on softer oil, easing gilt yields; Defence shares fall

Blue-chip FTSE 100 index rose 0.4% to 24,215.33 points

Published 06 Oct, 2026 09:15pm

Stocks

S&P 500, Nasdaq hit record highs as Treasury yields stall, oil slips

Dow Jones Industrial Average rose 359.08 points

Published 06 Oct, 2026 09:10pm

Stocks

Most Gulf markets slip as geopolitical risks weigh

Saudi Arabia’s benchmark index outperformed, rising 1.1%

Published 06 Oct, 2026 07:47pm

Companies

Indian jeweller Titan reports 25% growth in quarterly consumer business sales

India's Titan saw a strong 25% Q2 sales rise, driven by robust demand for its jewellery, watches, and eyewear offerings

Published 06 Oct, 2026 07:35pm

Commodities

Copper drifts higher on rally in tech stocks and weaker dollar

Benchmark three-month copper on the London Metal Exchange was up 0.1% at $14,420 a metric ton

Published 06 Oct, 2026 05:36pm

Stocks

IT gains boost Sri Lankan shares

CSE All Share index settled up 0.29% at 20,650.23

Published 06 Oct, 2026 05:20pm

Companies

PepsiCo, Monster, Reliance win reprieve on 'energy drink' label ban in India

Indian court temporarily halts the 'energy drink' label ban, providing relief to PepsiCo, Monster, and Reliance

Published 06 Oct, 2026 04:55pm

Commodities

Palm closes lower on rising stockpile concerns

Soyoil prices on the Chicago Board of Trade were down 0.58%

Published 06 Oct, 2026 04:34pm

Business & Finance

CCP greenlights Fatima Fertilizer’s acquisition of Agritech shares

CCP assessment identified a horizontal overlap between Fatima Fertilizer and Agritech in the urea market

Published 06 Oct, 2026 04:34pm

Forex

Indian rupee hits two-month low on outflows, investors await RBI outcome with hike priced in

Indian currency ended the session at 96.42

Published 06 Oct, 2026 03:53pm

Stocks

Indian shares extend gains ahead of RBI rate decision

Nifty 50 rose 0.98% to 22,776.10, while the Sensex gained 0.95% to 73,067.81.

Published 06 Oct, 2026 03:49pm

Exchange

Rupee gains against US dollar

Settles at 277.05 against the greenback

Updated 06 Oct, 2026 07:41pm

Commodities

Gold price per tola holds steady at Rs437,536 in Pakistan

International rate of gold remained unchanged at $4,150 per ounce

Updated 06 Oct, 2026 07:12pm

Business & Finance

Pakistan, IFC advance discussion to establish fund for entrepreneurs, startups

Also shared progress on affordable housing engagement to address supply-side constraints through potential developer finance models

Published 06 Oct, 2026 02:28pm

Stocks

European shares gain as Genmab jumps, bond yields retreat

The pan-European STOXX 600 index was up 0.8% to 638.41 points

Published 06 Oct, 2026 01:28pm

Forex

South African rand holds firm despite stronger dollar and weak metals

The rand traded at 16.6325 against the dollar , little changed from its previous close of ⁠16.6497

Published 06 Oct, 2026 01:26pm

Companies

THE NEXT LEAP: Master Changan unveils a house of brands to put a new energy car within reach of every Pakistani

Ten years ago, Pakistan watched the future of mobility arrive everywhere else. On 3rd October, Master Changan Motors...

Updated 06 Oct, 2026 07:22pm

Companies

SECP urges companies to hold AGMs by October 28

Companies are required to hold their AGMs within 120 days of the close of their financial year, the regulator said

Published 06 Oct, 2026 01:22pm

Stocks

Hong Kong stocks climb, led by pharmaceutical, tech stocks

Hong Kong benchmark Hang Seng was up 0.78% by midday

Published 06 Oct, 2026 12:12pm

Stocks

South Korean shares fall as chipmakers decline ahead of Samsung Electronics earnings

The benchmark KOSPI was down 34.41 points, or 0.49%, at 6,969.33

Published 06 Oct, 2026 11:48am

Commodities

Corn, soybeans fall on dry weather forecast; wheat eases

The most-active corn contract on the Chicago Board of Trade (CBOT) fell 0.1% to $4.96-3/4 a bushel

Published 06 Oct, 2026 11:46am

Markets

Thai September headline CPI rises 2.82% on year, below forecast

The core CPI, which excludes volatile energy and fresh food prices, rose 1.50% in September from a year earlier

Published 06 Oct, 2026 11:45am

Markets

Reliance sues India's food regulator over 'energy drink' label ban

The Food Safety and Standards Authority of India (FSSAI) did not immediately respond to a request for comment

Published 06 Oct, 2026 11:42am

Mutual Funds

India bonds slip as traders wait for hawkish central bank action

The benchmark 6.94% 2036 bond yield was at 7.2213% at 10:10 a.m. IST, after ending at 7.2108% on Monday

Published 06 Oct, 2026 11:35am

Mutual Funds

Japan bonds pare losses after strong auction, but fiscal worries weigh

The 20-year JGB yield pared its advance to 1 bp, putting it at 3.98%. It earlier hit a three-decade high of 3.99%

Published 06 Oct, 2026 11:33am

Markets

BOJ may signal underlying inflation has hit 2% goal, sources say

The hike followed one in June, leading markets to project the BOJ raising rates at roughly once every quarter

Published 06 Oct, 2026 11:31am

Stocks

Australian shares set for third day of gains as weaker oil boosts risk appetite

The S&P/ASX 200 index rose 0.5% to 8,729.00

Published 06 Oct, 2026 11:23am

Commodities

Copper ticks up as US tech rally, easing rate-hike bets temper dollar surge

Benchmark three-month copper on the London Metal Exchange was up 0.08% at $14,431.5 a metric ton

Published 06 Oct, 2026 11:21am

Forex

Australian dollar gets a lift from kiwi, euro selling

The Aussie held at $0.6968, having edged up 0.3% overnight and away from a 13-week low of $0.6904

Published 06 Oct, 2026 11:19am

Business & Finance

Global telecom operator VEON raises Pakistan investment plan to $1.5bn from $1bn, says Aurangzeb

The increase comes as Pakistan seeks to attract foreign investment

Published 06 Oct, 2026 11:10am

Forex

Thai baht/US dollar steady on Tuesday

The baht was 0.02% lower at 33.66 versus the dollar, after trading in a range of 33.660 to 33.725

Published 06 Oct, 2026 11:05am

Stocks

Japan's Nikkei buoyed by Wall Street gains, dip in crude oil

The Nikkei advanced 0.2% to end the morning session at 70,081.53

Published 06 Oct, 2026 11:02am

Markets

DeepSeek to raise at least $12 billion in Tencent-backed funding, Bloomberg News reports

DeepSeek is close to securing at least 80 billion yuan in its latest round of funding

Published 06 Oct, 2026 10:41am

Commodities

Palm flat as stockpile concerns cap gains

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 2 ringgit, or 0.04%, to 4,580 ringgit ($1,121.45) a metric ton

Published 06 Oct, 2026 10:36am

Stocks

PSX: buying at bourse, KSE-100 up over 1.5%

Benchmark index settles at 168,460.10

Updated 06 Oct, 2026 07:00pm

Companies

Lotte Chemical Pakistan changes name to Noventra Limited

The name change was approved by the Securities and Exchange Commission of Pakistan

Updated 06 Oct, 2026 01:52pm

Stocks

McDonald's supplier HyFun plans $208 million India IPO

HyFun counts Indian coffee chain Blue Tokai, PVR Cinemas and Wow Chicken among its customers

Published 06 Oct, 2026 08:20am

Forex

Indian rupee pressured by US yields, euro-led dollar strength; RBI acts as buffer

The Indian rupee is expected to open in the 96.32-96.34 range, per traders, having settled at 96.2925 to the dollar on Monday

Published 06 Oct, 2026 08:14am

Forex

Euro faces political, fiscal reckoning as it hovers near 17-month low

The euro ticked slightly lower to $1.1220 in the early Asian session

Updated 06 Oct, 2026 02:23pm

Stocks

Indian shares poised to extend rebound ahead of RBI policy verdict

GIFT Nifty futures were trading at 22,648 points

Published 06 Oct, 2026 08:06am

Stocks

Asian shares track Wall Street higher, Treasury yields near multi-decade highs

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, while Japan's Nikkeigained 0.7%

Published 06 Oct, 2026 08:04am

Energy

Oil prices fall nearly 2% as Middle East supply concerns ease

Brent futures were down $1.84, or 1.8%, at $98.48 a barrel

Updated 06 Oct, 2026 09:04pm

Bullion Rate

Gold inches lower as firmer dollar, higher yields weigh

Spot gold slipped 0.3% to $4,128.69 per ounce

Updated 06 Oct, 2026 02:23pm

Business & Finance

Pakistan, Poland agree to expand business links

ISLAMABAD: Pakistan and Poland on Monday agreed to strengthen bilateral ties and expand business links, as Prime...

Published 06 Oct, 2026 06:38am

Energy

Petrol price up 88 paise, HSD’s down Rs1.88

ISLAMABAD: The government on Monday announced revision in petroleum prices, which will remain applicable for...

Published 06 Oct, 2026 06:25am

Industry

PIAF vows to make strong comeback in next LCCI polls

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) has vowed to reorganise its ranks and make a...