News Archives for Business & Finance - 2026-10-17

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Business & Finance - 2026-10-17

Business & Finance

CCP’s Bid-Rigging Detection System featured in Stanford Global Antitrust report

Report brings together first-hand accounts from 30 competition authorities

Published 17 Oct, 2026 09:47pm

Markets

Pakistan Rice Festival held in Hungary: minister says govt committed to increasing agri, food exports

Event was organised in collaboration with Commerce ministry and Trade Development Authority of Pakistan

Published 17 Oct, 2026 09:32pm

Business & Finance

NIC Karachi inducts 35 startups into Cohort 16

Latest cohort was selected through competitive process that attracted over 700 applications

Published 17 Oct, 2026 09:07pm

Business & Finance

Pakistan bank deposits double to Rs40.83tr in 4 years, but lending to govt raises growth concerns

Deposits held by Pakistan’s scheduled banks have nearly doubled to Rs40.83 trillion in September 2026 from Rs21...

Published 17 Oct, 2026 08:46pm

Commodities

Gold price per tola fall by Rs1,600 in Pakistan

International rate of gold declines by $16 to reach $4,165 per ounce

Updated 17 Oct, 2026 10:09pm

Technology

Anthropic's Clark says AI's impact accelerating quickly and could vastly boost US GDP

AI's rapid improvement will bring immense change, requiring urgent international cooperation, according to Anthropic's Jack Clark

Published 17 Oct, 2026 02:16pm

Business & Finance

Aurangzeb holds financing talks with banks, UNDP on sidelines of IMF-World Bank meetings

Discusses new Sukuk, debt restructuring, and infrastructure investments with global banks in Bangkok to boost economic growth

Published 17 Oct, 2026 02:13pm

Money & Banking

India's HDFC Bank quarterly profit rises 4.7%, narrowly misses estimates as treasury income slumps

HDFC Bank's Q2 profit fell short of expectations, with weaker treasury income offsetting strong lending growth

Published 17 Oct, 2026 02:12pm

Money & Banking

India's Axis Bank quarterly profit rises 37.6%, but misses estimates on higher costs

Despite strong 23% loan growth and reduced bad loan provisions, Axis Bank's quarterly profit missed targets, impacted by higher expenses and lower other income

Published 17 Oct, 2026 01:43pm

World

Delegates walked out of IMF steering committee meeting when Russian official spoke, sources say

Nearly a dozen nations walked out of an IMF meeting as Russia's finance minister spoke, signaling ongoing global discord over the Ukraine conflict

Published 17 Oct, 2026 01:18pm

World

IMF members call for more support amid war shocks, 'advanced intelligence' risks

IMF members stress supporting nations with sustainable debt and reforms, facing financial challenges amid global unrest

Updated 17 Oct, 2026 01:47pm

Energy

Iraq says lost USD60bn as Mideast war hits oil exports

BAGHDAD: Iraq has lost around USD60 billion during the Middle East war, Foreign Minister Fuad Hussein said on...

Published 17 Oct, 2026 07:00am

Energy

Oil touches USD110 a barrel for first time since May

HOUSTON: Brent touched USD110 a barrel for the first time since May on Friday on worries that escalating tensions in...

Published 17 Oct, 2026 06:57am

Business & Finance

Petrol price cut by Rs3.93; HSD’s remains unchanged

ISLAMABAD: The government on Friday reduced the price of petrol by Rs3.93 per litre for next three days effective...

Published 17 Oct, 2026 06:48am

Business & Finance

SECP detects discrepancies in SE’s IPO prospectus

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is initiating regulatory action over material...

Published 17 Oct, 2026 06:32am

Business & Finance

Tax audit, assessment: FBR implements faceless system

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a comprehensive framework for conducting tax audits,...

Published 17 Oct, 2026 06:27am

Business & Finance

Pakistan to chair IMF, World Bank boards of governors after 74 years

ISLAMABAD: Pakistan has been named to head the Boards of Governors of the International Monetary Fund (IMF) and the...

Published 17 Oct, 2026 06:24am

Companies

PIA has nominated Adrian Hamilton as its CEO

Hamilton Manns expected to take charge by October end

Published 17 Oct, 2026 06:14am

Business & Finance

US annual budget gap hits nearly USD2trn, largest in 5 years

WASHINGTON: The US budget deficit rose by USD217 billion to nearly USD2 trillion in the 2026 fiscal year, fuelled in...