News Archives for Business & Finance - 2026-10-26

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Money & Banking

SBP says requested $10bn US facility not factored into FX reserve projection

Central bank has projected its foreign exchange reserves at $25bn by end-June 2027

Published 26 Oct, 2026 11:47pm

Markets

Case-by-case review of pending drug-pricing cases ‘almost complete’

DRAP reviewing existing drug-pricing formula and examining provisions that might hinder determination of fair and accurate prices, ministry says

Published 26 Oct, 2026 11:07pm

Markets

Govt increases diesel price by Rs2.16, petrol by Rs1.54 per litre

Revised prices effective for Tuesday, October 27, 2026

Published 26 Oct, 2026 10:52pm

Business & Finance

ECC approves board appointments at Strategic Digital Wallet Company

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) approved on Monday a summary for the appointment of four...

Published 26 Oct, 2026 10:05pm

Technology

Microsoft is offering buyouts to around 60,000 employees, Business Insider reports

Microsoft's voluntary buyout program targets employees in core divisions across four countries for strategic adjustments

Updated 26 Oct, 2026 09:54pm

Stocks

Most Gulf bourses rebound on Iran diplomacy hopes; Egypt falls ahead of Saudi defence vote

Saudi benchmark index surged 3.4%

Published 26 Oct, 2026 06:50pm

Stocks

Sri Lankan shares fall for sixth consecutive session

CSE All-Share index fell 0.23% to 19,640.56 points

Published 26 Oct, 2026 06:22pm

Business & Finance

Pakistan, US discuss long-term energy supply contracts

Pakistan and the United States have discussed opportunities to strengthen bilateral energy cooperation, including...

Published 26 Oct, 2026 06:11pm

Technology

Meta to raise up to $95 billion in equity to fund costly AI expansion

Funding its massive AI expansion, Meta plans to raise $95 billion in equity, demonstrating a strong commitment to future technological leadership

Published 26 Oct, 2026 04:52pm

Opinion

Domestic resource trap: When raising revenue shrinks the economy

Ultimate goal is to create a larger, more productive economy, ensuring a robust and sustainable base truly worth taxing

Published 26 Oct, 2026 04:41pm

Exchange

Rupee records gain against US dollar

Settles at 276.81

Updated 26 Oct, 2026 08:58pm

Commodities

Zinc hits two-week high as tight stocks spur bullish sentiment

Benchmark three-month zinc on the London Metal Exchange was up 1.5% to $3,800.50 a metric ton

Published 26 Oct, 2026 04:30pm

Stocks

Indian shares snap losing run as investors assess earnings

Nifty 50 rose 0.68% to 22,753.2, and the Sensex added 0.66% to 73,606.75

Published 26 Oct, 2026 03:33pm

South Asia

Ambani, Adani outlets among Indian publishers contesting Modi’s privacy law

Leading Indian news groups are challenging a new privacy law, fearing it will stifle investigative journalism and compromise sources

Published 26 Oct, 2026 03:26pm

Forex

Indian rupee weakens for third session as importers step up dollar bids, foreign outflows bite

Indian rupee opened little changed against the US dollar, but slipped to end at 95.1850

Published 26 Oct, 2026 03:14pm

Technology

CDC, EClear Services expand services to advance digital payments through Raast

The Central Depository Company of Pakistan Limited (CDC) and EClear Services Limited are expanding their...

Published 26 Oct, 2026 02:33pm

Stocks

European shares flat as investors eye earnings; energy drags

The pan-European STOXX 600 index was flat at 636.26 points

Published 26 Oct, 2026 02:29pm

Business & Finance

Pakistan and Ethiopia seek closer banking ties to boost investment

Fnance minister and the ambassador also exchanged views on regional and global economic developments, including the implications of ongoing conflicts

Published 26 Oct, 2026 02:24pm

Commodities

Gold price per tola rises Rs1,400 in Pakistan

International rate of gold gains $14 to reach $4,009 per ounce

Updated 26 Oct, 2026 09:12pm

Forex

South African rand steady with local economic data, Fed decision in focus

The rand traded at 16.6125 against the dollar , little ⁠changed from its previous close

Published 26 Oct, 2026 12:02pm

Markets

SBP hikes policy rate to 12% on inflation, energy price concerns

Decision in line with market expectations
Nine members out of 10 voted in favour of the policy rate hike

Updated 26 Oct, 2026 04:42pm

Commodities

Soybeans drop to 2-month low on US harvest pressure, weaker oil

Corn and wheat prices also fell, though losses in wheat were limited by continued disrupting to Black Sea supplies

Published 26 Oct, 2026 11:53am

Forex

Kiwi dollar holds steady ahead of RBNZ, Aussie awaits inflation test

The kiwi was steady at $0.57, after climbing 0.8% last week for a second weekly gain

Published 26 Oct, 2026 11:52am

Stocks

Australian shares slip as bank losses outweigh mining gains

The S&P/ASX 200 index fell 0.5% to 8,753.10

Published 26 Oct, 2026 11:49am

Stocks

Japan's Nikkei edges lower as tech sector weighs, energy shares rise

The benchmark Nikkei 225 slid 0.43% to 62,425.47 in morning trade

Published 26 Oct, 2026 11:41am

Energy

IEA's Birol does not expect energy markets to return to pre-war levels in 2027

Birol expects a 'strong comeback' for the nuclear sector as a result of the current crisis

Published 26 Oct, 2026 11:22am

Companies

Textile giant Gul Ahmed approves acquisition of 43.75 acres, renewable energy projects

Acquisition of Plot A-44 at SITE Nooriabad has been completed

Published 26 Oct, 2026 11:03am

Commodities

London copper eases on rising LME stocks, demand worries

Benchmark three-month copper on the London Metal Exchange was down 0.56% at $14,242.5 a metric ton

Published 26 Oct, 2026 11:01am

Energy

Saudi Arabia to store oil in Singapore to bolster Asia supply security

Asia imported two-thirds of its oil supplies from the Middle East before the war

Published 26 Oct, 2026 10:59am

Stocks

China stocks slip as tech shares lead declines, before key central bank meetings

At the midday break, the benchmark Shanghai Composite index lost 0.2%

Published 26 Oct, 2026 10:52am

Mutual Funds

India bonds to come under selling pressure at start of new week as oil spike continues

The 6.94% 2036 bond yield may trade between 7.45% and 7.50%

Published 26 Oct, 2026 10:48am

Forex

Thai baht/US dollar weaker on Monday

The baht was 0.09% lower at 33.77 versus the dollar, after trading in a range of 33.755 to 33.825

Published 26 Oct, 2026 10:45am

Markets

Pakistan offers Qatar long-term food security partnership

Discussions focused on strengthening bilateral food and agricultural trade

Published 26 Oct, 2026 10:43am

Bullion Rate

Gold gains on softer oil prices; Fed decision in focus

Spot gold rose 0.4% to $4,009.87 per ounce

Published 26 Oct, 2026 10:33am

Stocks

PSX: volatility at bourse, KSE-100 settles with over 650 points gain

Benchmark index settles at 163,038.46

Updated 26 Oct, 2026 06:42pm

Markets

SK Hynix to announce steps to boost shareholder returns on Wednesday

SK Hynix invested about 4 trillion won in Kioxia in 2018 through a Bain Capital-led consortium of US, Japanese and South Korean investors

Published 26 Oct, 2026 08:13am

Forex

Indian rupee faces pressure from oil headwinds, lack of inflow support

The Indian rupee is expected to open in the 95.00-95.04 range, per traders, after settling at 94.94 per dollar on Friday

Published 26 Oct, 2026 08:09am

Stocks

Indian shares on track for muted open as oil concerns persist, Fed in focus

GIFT Nifty futures were at 22,608

Published 26 Oct, 2026 08:07am

Forex

Currency markets subdued ahead of pivotal central bank week

The dollar index , which measures the US currency against a basket of peers, was a shade weaker at 101.64

Published 26 Oct, 2026 08:02am

Stocks

Stocks trade cautiously in Asia, Brent off six-month top

MSCI's broadest index of Asia-Pacific shares excluding Japan eased 0.1%

Published 26 Oct, 2026 07:56am

Energy

Oil slips $2 a barrel but stays near six-month highs on Saudi attacks

Brent crude futures were down $2.03, or 1.7%, at $114.70

Updated 26 Oct, 2026 08:20pm

Commodities

Mixed trend in prices of essential food items

PESHAWAR: Mixed trend in prices of essential food commodities, including vegetable, live chicken/meat, flour, sugar,...