News Archives for Business & Finance - 2026-10-09

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Business & Finance - 2026-10-09

Business & Finance

RLNG supply constraints: KE warns of 'load management' during peak hours

Daytime power supply would remain largely stable, KE spokesperson says

Published 09 Oct, 2026 10:40pm

Business & Finance

Govt cuts petrol price by Re0.66, raises diesel by Re0.52 per litre

New prices to remain effective from Oct 10 to Oct 12

Published 09 Oct, 2026 10:40pm

Stocks

Wall St climbs as oil slips; SpaceX spectrum deal weighs on telecoms

Dow Jones Industrial Average rose 136.24 points

Published 09 Oct, 2026 07:51pm

Companies

India's Jio Platforms targets $106 billion valuation in IPO, sources say

Mukesh Ambani's Jio Platforms, backed by Meta and Google, eyes a $106 billion valuation in India's largest-ever public listing

Published 09 Oct, 2026 07:47pm

Markets

Pakistan registers $3.6bn in remittances for September 2026

Workers’ remittances show 12.7% increase on year-on-year basis, 1.9% decrease on month-on-month basis in September

Published 09 Oct, 2026 07:19pm

Stocks

UAE stocks end mixed as easing Iran tensions lift Dubai

Dubai’s benchmark index snapped a three-session losing streak to close 0.3% higher

Published 09 Oct, 2026 05:34pm

Stocks

Utilities stocks lift Sri Lankan shares higher

CSE All-Share index settled 0.41% higher at 20,316.91 points

Published 09 Oct, 2026 05:29pm

Financial

India bonds extend weekly slide; struggle to shake off RBI hike, hawkish stance shift

Benchmark 6.94% 2036 bond ended at 7.2994% on Friday

Published 09 Oct, 2026 05:01pm

Commodities

Palm slips over 1% after no duty waiver but still log weekly gain

Dalian’s most-active soyoil contract rose 0.91%

Published 09 Oct, 2026 04:54pm

Energy

PSO inks SPA with Oman's OQ Trading for petroleum supplies

SPA aims to promote and develop cooperation between OQ Trading and PSO in the field of energy

Published 09 Oct, 2026 04:21pm

Markets

World economic growth to slow to 2.6% in 2026, UN trade body says

Global economic growth is forecast to slow to 2.6% by 2026, with the Middle East crisis and AI boom creating significant challenges

Published 09 Oct, 2026 03:44pm

Exchange

Rupee registers gain against US dollar

Settles at 277.00 against the greenback

Updated 09 Oct, 2026 08:10pm

Forex

India rupee posts weekly fall despite rate hike amid adverse flows, weak sentiment

Indian rupee closed at 96.73 per dollar

Published 09 Oct, 2026 03:38pm

Stocks

Indian shares rise, end longest weekly losing streak in 25 years

Nifty 50 rose 1.3% to 22,520.45 and the BSE Sensex added 1.23% to 72,472.33

Published 09 Oct, 2026 03:34pm

Companies

Drive fuel-free: Chery Master offers PKR 1.29 Million upfront savings on Tiggo 8 Super Hybrid AWD

Limited stock price lock offer with a complimentary 7 kW home charger worth PKR 100,000

Published 09 Oct, 2026 03:29pm

Commodities

Gold price per tola surges by Rs5,900 in Pakistan

International rate of gold increases by $59 to reach $4,184 per ounce

Updated 09 Oct, 2026 11:34pm

Forex

South African rand set to snap four-week losing streak

The currency fell 2% last week, its sharpest weekly decline during the recent run of losses

Published 09 Oct, 2026 02:04pm

Taxes

FBR proposes expanding tax rules from YouTube to all social media platforms

FBR has drafted notifications proposing amendments to the Income Tax Rules

Published 09 Oct, 2026 01:52pm

Markets

Apple cuts iPhone 18 Pro orders due to soft demand, Nikkei Asia reports

Apple has told some suppliers to cut production of components for its newly launched iPhone 18 Pro and iPhone 18 Pro Max

Published 09 Oct, 2026 01:27pm

Companies

The cheapest megawatt Pakistan isn't producing

Pakistan’s energy conversation has, for months, revolved around a single question: who should sell electricity to...

Updated 09 Oct, 2026 03:26pm

Companies

SECP registers 5,241 new companies in September

99.9% of the new registrations were completed online through the SECP’s eZfile portal

Published 09 Oct, 2026 12:32pm

Business & Finance

PTML challenges PTA order to suspend ONIC operations

Takes PTA to court over ONIC shutdown order

Published 09 Oct, 2026 12:31pm

Companies

PIA and Norse Atlantic sign partnership for two Boeing 787-9 Dreamliners

Under the partnership, Norse provides the aircraft, crew, maintenance and insurance to PIA

Updated 09 Oct, 2026 07:09pm

Stocks

China's blue-chip stocks hit over one-year low on AI-linked supply chain selloff

The CSI300 Index dropped 1.3% by the lunch break to its lowest level since August 2025

Published 09 Oct, 2026 11:54am

Forex

Australia, NZ dollars steady above lows; bonds get some relief

That helped the Aussie steady at $0.6960, having edged up from a $0.6933 trough overnight

Published 09 Oct, 2026 11:53am

Forex

Yuan firms as dollar slips, PBOC rejects undervaluation claims amid EU talks

The spot yuan opened at 6.7000 per dollar and was last trading at 6.6987

Published 09 Oct, 2026 11:51am

Forex

Thai baht/US dollar stronger on Friday

The baht was 0.2% higher at 33.58 versus the dollar, after trading in a range of 33.570 to 33.663

Published 09 Oct, 2026 11:48am

Markets

SoftBank seeks up to $100 billion from Gulf investors for AI push, FT reports

8 Son has held discussions in recent weeks with senior figures, including in the United Arab Emirates, about the potential fundraising

Published 09 Oct, 2026 11:46am

Commodities

Copper rebounds as supply risks, China demand lend support

Benchmark three-month copper on the London Metal Exchange rose 1.08% to $14,464 a metric ton

Published 09 Oct, 2026 11:45am

Mutual Funds

US 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco's Ivascyn tells FT

US Treasury yields are a yardstick for global borrowing costs and asset prices

Published 09 Oct, 2026 11:40am

Markets

Poland may need rate hike in November, central banker says

Poland's central bank kept its main interest rate at 3.75% on Wednesday, as inflation rose to 4.0% annually in September

Published 09 Oct, 2026 11:28am

Energy

China to resume October fuel exports after a brief halt, four trade sources say

China has approved October exports of the three fuels at around 3.7 million metric tons combined

Published 09 Oct, 2026 11:26am

Commodities

Palm tick up on stronger soyoil; still set to snap two-week decline

Palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange climbed 5 ringgit, or 0.11%, to 4,666 ringgit a metric ton

Published 09 Oct, 2026 11:24am

Stocks

Japan's Nikkei falls as AI doubts, bond stress weigh

The Nikkei 225 slid 1.06% to 68,308.92 in early trading, poised for a slight weekly decline

Published 09 Oct, 2026 11:23am

Stocks

Australian shares climb as banks, gold stocks shine

The S&P/ASX 200 index rose 0.5% to 8,699.80 points

Published 09 Oct, 2026 11:21am

Companies

Meezan Bank approves Rs49bn in financing under govt’s GHTA Scheme

Meezan Bank has approved 6,880 housing finance cases worth approximately Rs49 billion under the Wazir-e-Azam Apna...

Published 09 Oct, 2026 11:17am

Mutual Funds

India bonds gain as oil, Treasuries decline; debt auction remains key

The benchmark 6.94% 2036 bond yield was at 7.2667%

Published 09 Oct, 2026 10:58am

Forex

Indian rupee strengthens on firm central bank intervention, oil retreat

The currency faced pressure in early trading, but traders said the central bank likely intervened near 96.80

Published 09 Oct, 2026 10:44am

Business & Finance

Govt calls for wider export credit protection, financing access for small exporters

CEO said coverage could extend to up to 90% of the insured risk

Published 09 Oct, 2026 10:23am

Technology

BYD in talks to bring ultra-fast charging technology to Pakistan

BYD’s second-generation Blade Battery powers its Mega Flash Charging technology

Published 09 Oct, 2026 10:10am

Stocks

PSX: KSE-100 slips lower, sheds 353 points after early gains fade

Benchmark index settles at 167,089.27

Updated 09 Oct, 2026 07:54pm

Forex

Euro skids toward fifth weekly fall but selling pressure slows

The euro/sterling cross is also down 0.3% ⁠on the week to trade near a 16-month low at 84.74 pence

Published 09 Oct, 2026 07:45am

Business & Finance

EFP Platinum Jubilee marked: Governor calls for stronger govt-business-labour partnership

KARACHI: Sindh Governor Syed Muhammad Nihal Hashmi has called for stronger cooperation among the government,...

Published 09 Oct, 2026 07:43am

Companies

‘Asian Experience Awards’: JS Bank recognised with best digital experience

KARACHI: JS Bank has been recognized with the Best Digital Experience in Pakistan award at the Asian Experience...

Published 09 Oct, 2026 07:42am

Stocks

Indian shares likely to rebound after selloff, but oil surge may cap gains

GIFT Nifty futures were at 22,379.5

Published 09 Oct, 2026 07:41am

Energy

Oil falls as Trump comments on Iran talks ease supply concerns

Brent crude futures dropped $1.10, or 1.1%, to $103.18 a barrel

Updated 09 Oct, 2026 07:28pm

Industry

LCCI chief appreciates Rs2trn SME financing target

LAHORE: The President of the Lahore Chamber of Commerce and Industry (LCCI), Ali Hussam Asghar, has appreciated...

Published 09 Oct, 2026 07:30am

Stocks

Tech stocks struggle on AI spending worries, elevated yields

In stocks, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.16%, set for an over 1% drop for the week

Published 09 Oct, 2026 07:30am

Pakistan

Camera, mic equipped smart glasses: LHC summons authorities for not responding to petition on unregulated sale

LAHORE: The Lahore High Court (LHC) on Thursday summoned the secretaries for Interior, Commerce division, the...

Published 09 Oct, 2026 07:29am

Bullion Rate

Gold rises on softer dollar, easing yields; Fed outlook in focus

Spot gold rose 0.9% to $4,169.32 per ounce

Published 09 Oct, 2026 07:24am

Taxes

Foreign income: IRIS drops reduced tax rate option

ISLAMABAD: Taxpayers declaring foreign income are facing serious difficulties in filing their income tax returns for...

Published 09 Oct, 2026 06:25am

Business & Finance

Share transfers: Foreign investors seeking clarity on FBR exemption certificates

ISLAMABAD: Foreign investors have strongly emphasised the need for a streamlined and time-bound exemption...

Published 09 Oct, 2026 06:23am

Business & Finance

FBR stops processing advance ruling applications

ISLAMABAD: The Federal Board of Revenue (FBR) has stopped publishing the details of advance rulings issued to the...

Published 09 Oct, 2026 06:09am

Business & Finance

Finance clarifies nature of Rs10.1trn SOE debt

ISLAMABAD: The Ministry of Finance and Revenue on Thursday clarified that the Rs10.1 trillion debt figure reported...

Published 09 Oct, 2026 06:07am

Business & Finance

Efforts will be fast-tracked to finalise Pakistan-GCC FTA

ISLAMABAD: Pakistan and Bahrain on Thursday agreed to fast-track efforts to finalise the Pakistan-GCC Free Trade...

Published 09 Oct, 2026 06:05am

Commodities

NPMC informed: WPI-based inflation jumps 13.3pc YoY

ISLAMABAD: The inflation based on Wholesale Price Index (WPI) jumped 13.3 percent year-on-year, while weekly...

Published 09 Oct, 2026 06:01am

Energy

Petrol price hiked by Rs2.31, HSD’s by 78 paise

ISLAMABAD: In its daily review the government on Thursday increased the petroleum prices for October 9. According to...