News Archives for Business & Finance - 2026-10-13

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Business & Finance - 2026-10-13

Business & Finance

Govt cuts petrol price by Rs2.71, diesel by Re0.03 per litre

New prices effective for Wednesday, October 14

Published 13 Oct, 2026 10:45pm

Markets

SBP directs banks to put on hold sugar exports by mills located in Khyber Pakhtunkhwa

Central bank asks commercial banks to process export transaction of commodity by eligible sugar mills located in Punjab, Sindh

Published 13 Oct, 2026 10:26pm

Markets

Pakistan car sales rise 43% in Q1 FY2026-27

Sales decline nearly 10% in September 2026

Published 13 Oct, 2026 09:56pm

Business & Finance

Textile body urges PM to retain export facilitation scheme for yarns, fabrics

PTC chairman opposes demands to exclude all yarns and fabrics from the scheme

Published 13 Oct, 2026 08:11pm

Business & Finance

FM Aurangzeb vows continued reforms under IMF programme

Aurangzeb outlines debt management measures to lower financing costs, extend maturities and reduce rollover risks

Published 13 Oct, 2026 06:46pm

Stocks

Saudi rebound lifts most Gulf bourses as markets weigh regional risks

Saudi index rose 0.3%
Dubai’s main share index gained 0.4%

Published 13 Oct, 2026 06:40pm

Financial

India's benchmark bond breaks 4-day falling streak as value investors return

The base case is that the 10-year bond yield has provided support in the 7.40% ranges

Published 13 Oct, 2026 05:07pm

Stocks

Sri Lankan shares dip as communications, financial stocks weigh

CSE All-Share index settled 0.9% lower at 20,077.48 points

Published 13 Oct, 2026 04:57pm

Companies

India's Adani Enterprises eyes $210 mln fundraise via rupee debt, bankers say

'The company would look for an issuance of below five-year maturity, and may aim to complete the sale within this quarter,' bankers says

Published 13 Oct, 2026 04:54pm

Business & Finance

India's state borrowing costs spike to over six-year high as demand fades

India's state government bond yields have breached 8% for the first time in over six years, driven by rising central government yields and investor caution

Published 13 Oct, 2026 04:50pm

Companies

SE Fruits and Vegetable to refile IPO application with additional disclosures

Remians committed to IPO plan, says company

Published 13 Oct, 2026 04:06pm

Commodities

Copper edges up on mine supply disruption, tight stocks

Benchmark three-month copper on the London Metal Exchange was up 0.1% at $14,636.50 a metric ton

Published 13 Oct, 2026 04:02pm

Commodities

Palm climbs to two-week high as El Niño supply fears outweigh stocks

Dalian’s most-active soyoil contract fell 0.65%

Published 13 Oct, 2026 03:53pm

Exchange

Rupee registers gain against US dollar

Settles at 276.96 against greenback

Updated 13 Oct, 2026 10:14pm

Financial

India's ICICI Life posts key quarterly margin below estimates, shares slide

ICICI Life saw profit rise, yet shares dipped on unexpected margin declines, signaling a strategic pivot to growth

Published 13 Oct, 2026 03:49pm

Stocks

Indian benchmark shares jump as encouraging HCLTech earnings propel IT buying

Nifty 50 rose 1.6% to 22,721.95 and the BSE Sensex added 1.54% to 73,033.78

Published 13 Oct, 2026 03:41pm

Technology

Apple to unveil new smart home products, showcasing updated Siri AI

Apple launches AI-enhanced smart home devices, including a new hub, to boost growth and simplify home control

Published 13 Oct, 2026 03:35pm

Currency

India rupee outpaces Asian peers on fresh FX curbs, RBI intervention

Indian currency rose to a peak of 95.0725 per dollar

Published 13 Oct, 2026 03:30pm

Financial

India postpones UPI payment fee rollout until after Diwali festival

India postpones the 0.4% UPI payment fee until after Diwali, a timely move to support festive season spending for millions of users

Published 13 Oct, 2026 03:18pm

Commodities

Gold price per tola gains Rs900 in Pakistan

International rate of gold was up by $9 to reach $4,183 per ounce

Updated 13 Oct, 2026 05:57pm

Stocks

European stocks hit one-week high on easing oil, yields; LVMH drags luxury stocks

The pan-European STOXX 600 was up 0.61% at 639.54 points

Published 13 Oct, 2026 02:36pm

Companies

Engro Powergen Qadirpur appoints Khurram Abdullah as CEO, Athar Khwaja resigns

Abrar Khwaja has been co-opted as a director

Published 13 Oct, 2026 02:28pm

Markets

AI investment props up global growth, but war and debt threaten outlook, IMF says

Despite a more protracted ‌conflict that has kept oil prices above $100 a barrel, the IMF is forecasting 2026 global growth at 3.1%

Published 13 Oct, 2026 12:07pm

Business & Finance

IMF sees Pakistan's inflation rising to 9.9% in 2027 as growth slows

Global growth is projected to slow to 3.1% in 2026 and rebound to 3.4% in 2027

Published 13 Oct, 2026 11:56am

Forex

Hong Kong dollar nears weak end of trading band, HKMA intervention looms

The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the US currency

Published 13 Oct, 2026 11:54am

Markets

IMF sees higher energy prices and interest rates hitting UK growth

The IMF predicts Britain’s economy will grow 1.3% this year, up from predictions of 1.0% in July and 0.8% in April

Published 13 Oct, 2026 11:48am

Mutual Funds

Japan bond yields diverge as investors weigh inflation, BOJ outlook

The 30-year JGB yield slipped 1 bp to 4.045%, marking a fourth consecutive session of declines

Published 13 Oct, 2026 11:43am

Stocks

South Korea shares tumble over 6% as chip selloff triggers trading curb

The KOSPI index was down 382.18 points, or 5.93%, at 6,002.06

Published 13 Oct, 2026 11:41am

Markets

Bank of England's Greene says IMF forecasts show UK monetary policy not very restrictive

Greene – who is part of a minority on the BoE’s Monetary Policy Committee that has voted for higher rates

Published 13 Oct, 2026 11:39am

Mutual Funds

Philippines raises $404 million from T-bond offer

Awards 15.42 billion pesos offer of reissued 2030 T-bonds at an average rate of 7.678%.

Published 13 Oct, 2026 11:37am

Stocks

Japan's Nikkei slides as AI stocks tumble, geopolitical risks weigh

The benchmark Nikkei 225 fell 2.64% to 67,206.79 in early trade, poised for a fourth consecutive session of decline

Published 13 Oct, 2026 11:31am

Commodities

Chicago soybeans extend losses as US Midwest harvest expands

The most-active soybean contract on the Chicago Board of Trade declined 0.87% to $12.76-1/2 a bushel

Published 13 Oct, 2026 11:30am

Stocks

China blue chips fall to 14-month low on tech selloff

Shanghai's tech-focused STAR50 Index fell as much as 3.6% before recouping some losses to trade 0.7% lower

Published 13 Oct, 2026 11:29am

Forex

Australia dollar finds some support in RBA hawks, kiwi totters

Those figures are due later this month and risk showing core inflation rose a steep 1.0% in the quarter

Published 13 Oct, 2026 11:25am

Mutual Funds

India bonds rise as investors see value after 10-year yield nears 7.40%

India’s benchmark 10-year bond yield jumped 9 basis points on Monday, its biggest one-day spike in over six months

Published 13 Oct, 2026 11:24am

Markets

Tencent markets dollar, dim sum bonds amid AI spending spree

The 20-year notes were set at about 140 basis points over Treasuries, according to the sheets

Published 13 Oct, 2026 11:22am

Commodities

Copper steadies as dollar strength counters Chile supply worries

Benchmark three-month copper on the London Metal Exchange fell 0.2% to $14,590.50 a metric ton

Published 13 Oct, 2026 11:20am

Forex

Yuan holds firm near 2023 highs despite dollar strength

The offshore yuan traded at 6.698 yuan per dollar, down about 0.05% in Asian trade

Published 13 Oct, 2026 11:19am

Commodities

Palm slips on high stockpiles

Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange slid 39 ringgit, or 0.84%, to 4,598 ringgit ($1,125.86) a metric ton

Published 13 Oct, 2026 11:18am

Stocks

Australian shares slip as miners, tech stocks drag; RBA minutes in focus

The S&P/ASX 200 index fell 0.2% to 8,767.80 points

Published 13 Oct, 2026 11:17am

Business & Finance

G-24 Meeting: Pakistan calls for reform of international financial architecture

Finance minister outlined three priorities for the G-24

Updated 13 Oct, 2026 01:11pm

Markets

Pakistan, Ethiopia move to fast-track drug registration for exports

Jam Kamal highlighted Pakistan’s growing pharmaceutical industry and its interest in expanding exports to African markets

Published 13 Oct, 2026 10:38am

Currency

Pakistan plans to issue more Panda bonds, eyes Japanese market for borrowing: report

A samurai bond is a yen-denominated bond issued in Tokyo

Updated 13 Oct, 2026 10:39am

Stocks

Selling continues at PSX, KSE-100 Index closes 348 points lower

Benchmark index ends day at 164,776.44

Updated 13 Oct, 2026 05:50pm

Markets

NTT Data in final talks to build Anthropic's first data centre in Japan, Nikkei reports

NTT Data, Anthropic aim to sign agreement by the end of ⁠fiscal 2026 ending on March 31

Published 13 Oct, 2026 08:25am

Markets

AI boom bolstered growth in global trade, benefiting China and India, IMF says

Global trade would have grown at a far slower rate without the AI boost, Tenreyro told reporters at the annual meetings of the IMF and World Bank ‌in ⁠Bangkok

Published 13 Oct, 2026 08:10am

Forex

Indian rupee to extend recovery, RBI takes more steps to ease pressure

The Indian rupee is expected to open in the 95.50 to 95.60 range, per traders, having rallied 1% to settle at 95.77 to the dollar on Monday

Published 13 Oct, 2026 08:07am

Forex

Dollar holds near 18-month high as geopolitical risks rise

The US dollar index , which measures the greenback’s strength against a basket of six currencies

Published 13 Oct, 2026 07:56am

Markets

Nvidia's China AI-chip share falls as Huawei closes gap, report finds

Nvidia shipped 678,000 AI accelerators in China from January through June, down 44% from a year earlier, IDC data showed

Published 13 Oct, 2026 07:51am

Stocks

Indian shares on track for muted open as inflation strengthens rate-hike concerns

GIFT Nifty futures were at 22,423.5

Published 13 Oct, 2026 07:49am

Stocks

Asian stocks dive as focus on earnings, geopolitics

In stocks, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2% in early trading

Published 13 Oct, 2026 07:46am

Energy

Oil prices ease as traders monitor Russian diesel deal, Saudi attacks

Brent crude futures were down $2.02, or 1.89%, to $104.63 a barrel

Updated 13 Oct, 2026 04:39pm

Bullion Rate

Gold eases on firm dollar; spotlight on US inflation data

Spot gold fell 0.2% to $4,164.45 per ounce

Published 13 Oct, 2026 07:32am

Energy

LDPL seeks gas supply for 235MW power plant

ISLAMABAD: Liberty Daharki Power Limited (LDPL) has urged the government to intervene for the immediate restoration...

Published 13 Oct, 2026 06:05am

Energy

Oil prices rise by nearly USD2

NEW YORK/LONDON: Oil prices rose by nearly USD2 a barrel on Monday as attacks on Saudi Arabia outweighed the...

Published 13 Oct, 2026 05:40am

Energy

Petrol price cut by Rs2.93, HSD’s hiked by 61 paise

ISLAMABAD: In its daily revision, the government on Monday notified new fuel prices for October 13. According to an...

Published 13 Oct, 2026 05:38am

Companies

Fatima Fertilizer partners with EP&CCD for environmental sustainability

LAHORE: Fatima Fertilizer Company Limited and the Environment Protection & Climate Change Department...