News Archives for Business & Finance - 2026-10-15

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Business & Finance - 2026-10-15

Business & Finance

Govt cuts petrol price by Rs3.63, increases diesel's by Re0.31 per litre

New prices effective for October 16

Updated 15 Oct, 2026 11:22pm

Taxes

FBR further extends tax return filing deadline to October 31

FBR had previously extended deadline from Sept 30 to Oct 15

Published 15 Oct, 2026 10:29pm

Markets

SECP proposes national spot market to improve farmers’ access to finance

The Securities and Exchange Commission of Pakistan (SECP) has proposed establishing a national agricultural spot...

Published 15 Oct, 2026 09:49pm

Business & Finance

Pakistan targets 4% growth in FY27 as reforms gather pace: Aurangzeb

Says external shocks had weighed on economic activity during final quarter of FY26

Published 15 Oct, 2026 08:47pm

South Asia

India expected to overtake Japan as world's 4th largest economy in 2027: IMF

India is set to become the world's fourth-largest economy by 2027, driven by robust growth and strong economic fundamentals

Published 15 Oct, 2026 08:44pm

Stocks

Nasdaq slides to near one-month low as AI rout deepens

Dow Jones Industrial Average rose 163.58 points

Published 15 Oct, 2026 08:05pm

Europe

WEF could appoint Lagarde as early as November, sources say

A November 2 WEF board meeting could see Christine Lagarde elected chair, sparking an early ECB exit and a significant European leadership shake-up

Published 15 Oct, 2026 07:43pm

Stocks

Threats by Yemen's Houthis to hit Saudi Arabia again rattle Gulf bourses

Saudi index dropped 0.3%, pulled down by a 3.1% slide in ACWA Power Company

Published 15 Oct, 2026 07:13pm

Stocks

IT and real estate stocks lift Sri Lankan shares

CSE All-Share index .CSE settled 0.88% higher at 19,971.15 points

Published 15 Oct, 2026 06:28pm

Markets

India's August balance of payments surplus swings to $45.4 billion

Strategic RBI policies attracted over $143 billion in capital, driving India's balance of payments into a robust $45.4 billion surplus

Published 15 Oct, 2026 06:25pm

Commodities

Asia rice: Indian prices hit more than one-year high; Vietnam rates rise

India's 5% broken parboiled variety was quoted at $384-$389 per ton

Published 15 Oct, 2026 05:42pm

Companies

Nestle India flags food, commodity inflation after profit surges 36%

Nestle India flagged inflation and rising commodity prices as challenges on Thursday after resilient demand for...

Published 15 Oct, 2026 04:40pm

Companies

The IPO Pakistan has not seen yet

ABHI started in 2021 with eight of us in one shared room and little else, chasing a question that seemed obvious...

Published 15 Oct, 2026 04:17pm

Business & Finance

Pakistan, Islamic Development Bank advance $5.6bn cooperation in infrastructure development

Economic Affairs minister emphasises concessional resources must be deployed efficiently

Updated 15 Oct, 2026 08:03pm

Markets

India's September merchandise trade deficit widens to $30.21 billion

India's trade deficit widened in September as imports surged past exports, signaling economic challenges and potential inflation risks

Published 15 Oct, 2026 04:03pm

Forex

India's RBI has spent half of $140 billion FX capital haul in rupee defence, bankers estimate

India's central bank is rapidly depleting its foreign exchange reserves in a high-stakes battle to prevent the Indian rupee from falling further

Published 15 Oct, 2026 03:58pm

Exchange

Rupee records gain against US dollar

Settles at 276.92 against greenback

Updated 15 Oct, 2026 07:41pm

Commodities

Copper hits 10-day low on profit-taking as supply worries ease

Benchmark three-month copper on the London Metal Exchange shed 1.2% to $14,314 a metric ton

Published 15 Oct, 2026 03:52pm

Commodities

Gold prices remain unchanged in Pakistan

Price of silver decreases by Rs212 to reach Rs6,148 per tola

Published 15 Oct, 2026 03:50pm

Commodities

Palm oil slips as weaker rival oils outweigh strong export outlook

Dalian’s most-active soyoil contract fell 1.98%

Published 15 Oct, 2026 03:40pm

Stocks

Indian share benchmarks log best day in four months on global AI slump

Nifty 50 rose 1.66% to 22,997.35 and the BSE Sensex added 2.11% to 74,315.61

Published 15 Oct, 2026 03:37pm

Forex

Indian rupee extends winning streak as dollar, oil ease and stocks rally

Indian rupee ended 0.1% higher at 95.0550 per dollar

Published 15 Oct, 2026 03:27pm

Technology

Pakistan seeks Alibaba cooperation for cashless economy, SME exports

Discussions covered digital payments, a cashless economy and transparent delivery of social protection payments and targeted subsidies

Published 15 Oct, 2026 02:34pm

Companies

Pakistan Refinery appoints interim chairman after Kirmani steps down

Tariq Kirmani resigned as chairman and director of PRL on health grounds

Published 15 Oct, 2026 01:43pm

Markets

Aurangzeb meets Moody's, seeks stronger sovereign rating

The finance minister outlined efforts to replace costly, short-term debt with longer-maturity financing without increasing the external debt stock

Published 15 Oct, 2026 12:43pm

Forex

Thai baht/US dollar stronger on Thursday

The baht was 0.15% higher at 33.55 versus the dollar, after trading in a range of 33.560 to 33.630

Published 15 Oct, 2026 12:33pm

Forex

Australian dollar stung as jobs blow slashes chance of rate rise

The Aussie slid 0.4% to $0.6945, having already peeled away from a top of $0.7014 overnight as the greenback climbed

Published 15 Oct, 2026 12:31pm

Stocks

Japan's Nikkei plunges as tech stocks hammered by AI, rate hike worries

The tech-heavy Nikkei dropped 4.8% to 64,489.06 as of the midday recess, while the broader Topix fell 2.5%

Published 15 Oct, 2026 12:28pm

Markets

Global trade fragmentation creates opportunities for Pakistan, says Aurangzeb

Engagement with regional blocs like ASEAN and GCC

Published 15 Oct, 2026 12:21pm

Markets

IMF vows continued support for Sri Lanka

The IMF reached a staff-level agreement with Sri Lanka on the seventh review under its Extended Fund Facility to unlock financing of about $345 million

Published 15 Oct, 2026 12:02pm

Stocks

China stocks fall, led by tech, as US inflation stokes Fed fears

As of the midday break, both the Shanghai Composite index and the blue-chip CSI300 index dropped 2%

Published 15 Oct, 2026 11:59am

Forex

China's yuan gains as Fed rate caution knocks dollar from 18-month high

In the spot market, the onshore yuan was 0.09% higher at 6.6918 per dollar

Published 15 Oct, 2026 11:57am

Commodities

Chicago soybeans fall on active harvests despite China buying demand

CBOT wheat fell 0.7% to $6.68-1/4 a bushel and CBOT corn slipped 0.4% to $4.79 a bushel

Published 15 Oct, 2026 11:53am

Markets

BoE's Pill says a rate hike need not be start of long series

We shouldn't give the impression that because we act now, we are on another staircase ... like we saw in 2022 and 2023

Published 15 Oct, 2026 11:51am

Stocks

South Korea's KOSPI triggers circuit breaker in tech-led selloff

The KOSPI was down 480.76 points at 5,528.05, as of 0338 GMT, hitting its lowest since July 29

Published 15 Oct, 2026 11:46am

Stocks

Bank rally helps Australia shares weather global equities selloff

The S&P/ASX 200 index fell 0.1% to 8,719.70 points

Published 15 Oct, 2026 11:35am

Commodities

India's palm oil imports in September rose 4.5% month-on-month, trade body says

Imports of soyoil fell 2.2% to 614,965 tons and sunflower oil imports decreased 32% to 108,837 tons

Published 15 Oct, 2026 11:32am

Energy

Azerbaijan says January-September oil output hit 19.9mn tons

Exports of oil with condensate were 15.5 million tons

Published 15 Oct, 2026 11:29am

Forex

Asian currencies retreat after hot US inflation, South Korean stocks slip 8%

The South Korean won fell over 1% to a two-week low of 1,352.84 per dollar, while the Taiwan dollar fell sharply to 32.325

Published 15 Oct, 2026 11:27am

Markets

Egypt needs more work on reducing state footprint in economy, IMF says

Taline Koranchelian, deputy director of the IMF's Middle East and Central Asia Department

Published 15 Oct, 2026 11:25am

Markets

Italy to raise 0.44% of GDP from financial sector through 2029 to fund budget

The contribution will be permanent rather than a one-off measure, amounting to 0.21% of GDP in 2027, 0.13% in 2028 and 0.1% in 2029

Published 15 Oct, 2026 11:21am

Commodities

Malaysian palm oil falls on weaker rival oils, export data eyed

Palm oil contract on the Bursa Malaysia Derivatives Exchange was down 34 ringgit, or 0.72%, at 4,666 ringgit ($1,143.63) a metric ton

Published 15 Oct, 2026 11:19am

Markets

TSMC reports sixth straight quarter of record profit thanks to AI boom

TSMC’s Taipei-listed shares closed down 2% on Thursday ahead of the earnings release, with the benchmark index off 3.4%

Published 15 Oct, 2026 11:11am

Stocks

PSX: KSE-100 gains over 750 points, albeit late-session selling

Benchmark index settles at 166,186.16 points

Updated 15 Oct, 2026 06:37pm

Markets

Aurangzeb meets IMF chief, briefs investors on Pakistan’s economy

Finance minister outlined efforts to diversify international financing and replace costly borrowing without increasing the external debt stock

Published 15 Oct, 2026 09:51am

Business & Finance

Pakistan water woes offer a test for startup Paani+

People shouldn’t have to fight water every day, founder Haseeb Ansari says

Published 15 Oct, 2026 09:00am

Bullion Rate

Gold rebounds from one-week low as dollar slips

Spot gold was up 1.3% at $4,158.63 per ounce

Published 15 Oct, 2026 08:30am

Markets

IMF warns of slowing Asian growth, spillover from rising yields

The IMF said it now expects Asia's economy to grow 4.8% in 2026 and 4.4% in 2027, higher than projections made in April but still slowing from a 5.0% expansion in 2025

Published 15 Oct, 2026 08:25am

Markets

UBS weighs moving headquarters from Switzerland if capital rules tighten, WSJ reports

UBS ⁠estimates the proposed requirements would require about $16 billion in additional ⁠capital, the report said

Published 15 Oct, 2026 08:12am

Markets

ByteDance nears chip supply deal with MediaTek for data centres, Bloomberg News reports

ByteDance is close to ‌an agreement with MediaTek to secure semiconductors ⁠for its data center operations

Published 15 Oct, 2026 08:10am

Forex

Indian rupee to rise after US yields reverse inflation-led spike, Fed hike bets remain low

The focus is squarely on the Reserve Bank of India and how far it is willing to go ⁠to shore up the india rupee

Published 15 Oct, 2026 08:07am

Stocks

Indian shares set to open lower as hot US inflation raises rate worries

GIFT Nifty futures were at 22,606.5

Published 15 Oct, 2026 08:02am

Stocks

Asian markets sell off as AI trades crumble after hot US CPI data

MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.2%

Published 15 Oct, 2026 07:59am

Forex

Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets

The dollar index , which measures the US currency against a basket of peers, was down 0.1% at 102.06

Published 15 Oct, 2026 07:55am

Energy

Oil prices slips as US weighs easing sanctions on 'shadow fleet'

International benchmark lost $1.15, or 1.1%, to $104.91 a barrel

Updated 15 Oct, 2026 05:29pm

Pakistan

Rabi season: Wheat seed availability stands at 0.612MTs

ISLAMABAD: Wheat seed availability for the Rabi 2026-27 sowing season stands at 0.612 million tons, meeting 51...

Published 15 Oct, 2026 06:31am

Business & Finance

SECP approves establishment of Corporate Intelligence Unit

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the establishment of a Corporate...

Published 15 Oct, 2026 06:29am

Business & Finance

No fresh approval required for Discos’ privatisation

ISLAMABAD: The Privatisation Division submitted to the Senate Sub Committee of the Functional Committee on...