News Archives for Business & Finance - 2026-10-28

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Markets

Fed holds rates steady as it awaits 'accumulation of more information'

The US central bank said it would maintain its benchmark interest rate within the current 3.75%-4.00% range

Published 28 Oct, 2026 11:18pm

Business & Finance

Govt hikes petrol price by Rs1.85, diesel by Rs1.75 per litre

The revised prices are effective for October 29

Published 28 Oct, 2026 11:00pm

Business & Finance

PAMA seeks review of Gift Scheme amid surge in used vehicle imports

Association says the scheme reportedly accounted for around 98% of total used vehicle imports in September

Published 28 Oct, 2026 09:54pm

Stocks

Ningbo Green Light Energy to begin trading on PSX from Oct 29

Market lot of company will be 1 share of Rs10/each

Published 28 Oct, 2026 09:13pm

Commodities

Zinc hits highest in nearly a month on supply fears

Benchmark three-month zinc on the London Metal Exchange gained 0.7% to $3,868 a metric ton

Published 28 Oct, 2026 07:55pm

Commodities

World Bank sees commodity prices up 23% in 2026 due to Middle East war, other shocks

Multiple global shocks, from geopolitical conflicts to extreme weather, are poised to drive commodity prices higher, risking increased inflation and food insecurity worldwide

Updated 28 Oct, 2026 10:47pm

Business & Finance

SME, agriculture financing needs faster execution: finance minister

Says expanded access to finance must translate into tangible benefits for businesses and farmers

Published 28 Oct, 2026 07:36pm

Stocks

Gulf equities mixed as Ras Tanura strike unnerves investors

Saudi Arabia’s benchmark stock index reversed early losses to finish 0.4% higher

Published 28 Oct, 2026 07:14pm

Business & Finance

Pakistan announces $10 million clean-air startup fund

Malik said the government had decided to establish the fund from its own limited resources

Published 28 Oct, 2026 04:27pm

Technology

Apple expected to show first touchscreen laptops amid product blitz

Apple is poised to unveil touchscreen MacBooks, a major evolution for its laptop series finally embracing interactive display technology

Published 28 Oct, 2026 04:19pm

Markets

India's industrial output growth slows to 6.7% in September as mining contracts

Electricity generation climbed 11.2% year-on-year in September

Published 28 Oct, 2026 04:09pm

Commodities

Palm ends lower for third session despite strong export demand

Dalian’s most-active soyoil contract rose 0.65%

Published 28 Oct, 2026 04:05pm

Markets

India markets regulator weighs domestic AI model for securities trading, chairman says

India's markets regulator is advancing AI governance and developing a domestic AI model to boost its securities market and attract global capital

Published 28 Oct, 2026 04:01pm

Forex

Elevated oil prices keep up heat on Indian rupee, traders await cues from Fed

Indian rupee closed at 95.2200 per dollar

Published 28 Oct, 2026 03:56pm

Stocks

Indian equity benchmarks inch lower as oil climbs; Jio makes strong debut

Nifty 50 fell 0.22% to 22,698.85, and the Sensex shed 0.48% to 73,246.03

Published 28 Oct, 2026 03:53pm

Exchange

Rupee registers gain against US dollar

Settles at 276.77

Updated 28 Oct, 2026 08:56pm

Industry

Weir eyes long-term investment in Pakistan’s minerals sector

The company will participate in the Pakistan Minerals Investment Forum 2026 (PMIF’26) as a platinum sponsor

Published 28 Oct, 2026 03:23pm

Business & Finance

One-China policy: Pakistan bars Taiwan carriers from airspace: report

Taiwanese carriers began re-routing flights over the weekend, says Bloomberg

Published 28 Oct, 2026 02:47pm

Markets

Government plans minimum three-year defect liability period for major projects

Meeting also discussed the proposed Construction Industry Development Authority (CIDA) Bill

Published 28 Oct, 2026 01:54pm

Companies

Colgate-Palmolive Pakistan to acquire P&G's Port Qasim assets

The company has entered into an asset purchase agreement with P&G

Updated 28 Oct, 2026 02:40pm

Industry

APTMA urges FBR to retain Karachi’s CAU amid clearance delays

APTMA said that the relocation of CAU to Islamabad would further aggravate problems

Published 28 Oct, 2026 12:47pm

Stocks

China stocks rebound on tech rally, tracking Asian markets

Both China’s blue-chip CSI300 Index and the Shanghai Composite Index climbed 0.7% by the lunch break

Published 28 Oct, 2026 12:43pm

Commodities

Gold price per tola gains Rs3,500 in Pakistan

International rate of gold gains $35 to reach $4,031 per ounce

Updated 28 Oct, 2026 06:15pm

Mutual Funds

Vietnam raises $619 million in government bond auction, bourse filing says

Around 84% of the bonds on offer were sold, compared with 65% last week

Published 28 Oct, 2026 12:12pm

Markets

BNP Paribas beats Q3 profit forecast, unveils €1.3 billion share buyback

France’s BNP said quarterly net income climbed 14% to €3.46 billion, beating the €3.23 billion average forecast of analysts polled by the bank

Published 28 Oct, 2026 12:10pm

Markets

UBS meets expectations with $2.7 billion Q3 profit

The integration of former rival Credit Suisse is on track for completion by year-end, the bank added

Published 28 Oct, 2026 11:17am

Stocks

South Korean shares rally 6% as SK Hynix beats forecasts

The benchmark KOSPI was up 337.64 points, or 5.99%, at 5,975.98

Published 28 Oct, 2026 10:39am

Mutual Funds

India bonds may open steady after relief rally from near 7.50% levels

The 10-year bond yield eased four basis points on Tuesday, its biggest single day decline in three months, after failing to breach 7.50%

Published 28 Oct, 2026 10:34am

Forex

Thai baht/US dollar weaker on Wednesday

The baht was 0.26% lower at 33.83 versus the dollar, after trading in a range of 33.780 to 33.880

Published 28 Oct, 2026 10:31am

Stocks

Miners lift Australian shares ahead of inflation data

The S&P/ASX 200 index rose 0.9% to 8,823.90

Published 28 Oct, 2026 10:28am

Commodities

Palm rises on stronger crude oil, Dalian soyoil

Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 21 ringgit, or 0.45%, to 4,722 ringgit a metric ton

Published 28 Oct, 2026 10:26am

Forex

Weakness across Asian FX before Fed decision to put mild pressure on Indian rupee

The Indian rupee is expected to open in the 95.12-95.16 range, per traders, having settled 0.1% higher at 95.1150 to the dollar on Tuesday

Published 28 Oct, 2026 10:25am

Markets

SK Hynix unveils $75 billion shareholder return plan after posting record profit

SK Hynix shares rallied as much as 9.4% in morning trade

Published 28 Oct, 2026 10:22am

Stocks

Japan's Nikkei jumps as tech results revive AI optimism

The benchmark Nikkei 225 advanced 1.26% to 64,067.10 at the midday break

Published 28 Oct, 2026 10:17am

Commodities

Soybeans rebound on bargain buying, US harvest limits upside

Corn added 0.2% to $4.49-1/2 a bushel and wheat gained 0.2% to $6.11-1/4 a bushel

Published 28 Oct, 2026 10:11am

Forex

China's yuan hovers near 4-year high ahead of Fed decision

The yuan was 0.01% lower at 6.6675 to the dollar as of 0322 GMT, after trading in a range of 6.6667 to 6.6701

Published 28 Oct, 2026 10:08am

Stocks

PSX: buying continues, KSE-100 gains nearly 1,300 points

Benchmark index settles at 165,736.75

Updated 28 Oct, 2026 05:51pm

Forex

New Zealand dollar nosedives after RBNZ stuns market

Aussie dollar jumped 2% against the kiwi at one stage to hit the highest point since early 2013 at NZ$1.2602

Published 28 Oct, 2026 10:06am

Markets

StanChart third-quarter profit surges 27%, lifts income target

It also lifted its full-year income growth target for 2026 to above 7% from its earlier estimate of in the middle of a 5-7% range

Published 28 Oct, 2026 10:03am

Commodities

Aluminium gains on supply uncertainty, broad risk-on mood

Benchmark three-month aluminium on the London Metal Exchange was up 0.34% at $3,097.5 a metric ton

Published 28 Oct, 2026 10:02am

Markets

Unilever India posts higher profit on healthy demand

The Indian arm of the UK's Unilever, home to brands such as Pepsodent and Dove

Published 28 Oct, 2026 09:59am

Bullion Rate

Gold slips on oil-fuelled inflation fears ahead of Fed meeting

Spot gold was down 0.3% at $4,045.29 per ounce

Published 28 Oct, 2026 09:56am

Stocks

Indian shares fall as oil rise weighs; Jio lists at 21.4% premium

The benchmark Nifty 50 fell 0.41% to 22,657.35

Published 28 Oct, 2026 09:42am

Stocks

Ambani's Jio to make Mumbai trading debut after record $3.2 billion India IPO

Valued at up to $108.3 billion, Jio, backed by Meta and Alphabet’s Google

Published 28 Oct, 2026 07:19am

Stocks

Stocks get AI lift, dollar holds steady ahead of Fed decision

Ahead of US earnings, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.85% in early Asia trade

Published 28 Oct, 2026 07:12am

Energy

Oil prices rise about 2% as Yemen fighting stokes supply fears

Brent futures rose $1.81, or 1.6%, to $115.69 per barrel

Updated 28 Oct, 2026 09:20pm

Forex

Dollar steady ahead of Fed decision, kiwi slumps after RBNZ holds

Against the yen , the dollar oscillated between gain and loss and was last 0.1% weaker at 157.81 yen

Published 28 Oct, 2026 06:58am

Business & Finance

Business leaders criticise hike in interest rate

KARACHI: Karachi Chamber of Commerce & Industry (KCCI) President Talat Mahmood has strongly opposed the State...

Published 28 Oct, 2026 04:46am

Companies

9-month FCEPL revenue soars 10.1pc to Rs88.4bn YoY

KARACHI: Friesland Campina Engro Pakistan Limited (FCEPL) reported a 10.1 percent year-on-year increase in revenue...

Published 28 Oct, 2026 04:46am

Business & Finance

Govt asked to foster greater economic ties with Malaysia

KARACHI: Pakistan-Malaysia Friendship Association (PMFA) President Shahid Javed Qureshi has urged the government to...

Published 28 Oct, 2026 04:46am

Business & Finance

Govt urged to establish direct cargo connectivity with Maldives

KARACHI: President of the Pakistan Businessmen and Intellectuals Forum (PBIF) and All Karachi Industrial Alliance,...

Published 28 Oct, 2026 04:46am

Business & Finance

PHMA expresses concern over increase in policy rate

FAISALABAD: Mian Farrukh Iqbal, Chairman of the Pakistan Hosiery Manufacturers & Exporters Association (PHMA),...

Published 28 Oct, 2026 04:46am

Business & Finance

Punjab reconstitutes Agri Commission for sectoral reforms

LAHORE: The Punjab government has reconstituted the Agriculture Commission as a multi-stakeholder advisory forum to...

Published 28 Oct, 2026 04:46am

Business & Finance

TDAP announces initiatives to boost exports

KARACHI: Secretary Trade Development Authority of Pakistan (TDAP) Sheryar Taj has announced initiatives to boost...

Published 28 Oct, 2026 04:46am

Companies

IPAK Group revenue rises 9.2pc in 1QFY27

KARACHI: International Packaging Films Limited (IPAK) reported a 9.2 percent year-on-year increase in consolidated...

Updated 28 Oct, 2026 10:44am

Business & Finance

OTCA demands 50pc share in fuel transportation

KARACHI: The Oil Tankers Contractors Association (OTCA) has demanded an equal 50 percent share in fuel...

Published 28 Oct, 2026 04:46am

Business & Finance

SECP Talk Series: REITs can help bring property into formal economy

ISLAMABAD: Regulated Real Estate Investment Trusts (REITs) can help bring property into the formal economy and...

Published 28 Oct, 2026 04:46am

Business & Finance

Dar for fair and uniform allocation of SAP funds

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar chaired the 52nd Meeting...

Published 28 Oct, 2026 04:46am

Companies

foodpanda highlights cloud kitchens’ role

LAHORE: foodpanda has highlighted the role of cloud kitchens in lowering entry barriers for food entrepreneurs,...

Published 28 Oct, 2026 04:46am

Companies

Engro Fertilizers, Mari Energies sign MoU

LAHORE: Mari Energies Limited and Engro Fertilizers Limited have signed a Memorandum of Understanding (MoU) to help...

Published 28 Oct, 2026 04:46am

Business & Finance

Punjab to form life insurance co for govt employees: PA told

LAHORE: The Punjab Assembly on Tuesday approved a resolution condemning Indian occupation of Kashmir and was...

Published 28 Oct, 2026 04:46am

Business & Finance

China-Pakistan Information Corridor launched

ISLAMABAD: Pakistan and China have launched the China-Pakistan Information Corridor (CPIC), a four-pillar initiative...

Published 28 Oct, 2026 04:46am

Business & Finance

FBR unveils FAU’s functions and assessments

ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Faceless Assessment Unit (FAU) to conduct the...

Published 28 Oct, 2026 04:46am

World

Russia says three tankers with diesel en route to US

MOSCOW: Three tankers carrying Russian diesel are en route to the United States, vessel trackers reported on Tuesday...

Published 28 Oct, 2026 04:46am

Energy

Petrol price cut by Rs3.19, HSD’s hiked by Rs2.25

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced updated fuel prices effective for October 28,...

Published 28 Oct, 2026 04:46am

Business & Finance

Food, household brands warn of more price hikes

LONDON: The world’s top consumer goods and food companies, from Coca-Cola and Procter & Gamble to Nestle and...

Published 28 Oct, 2026 04:46am

Energy

Oil falls almost USD2

HOUSTON: Oil futures settled down by almost USD2 a barrel on Tuesday, though prices remain near six-month highs due...

Published 28 Oct, 2026 04:46am

Business & Finance

Customs classification: FBR allows importers to file appeals within 90 days

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday allowed importers to file appeals before the board within...

Published 28 Oct, 2026 04:46am

Industry

Certain individual taxpayers: IRIS portal creating difficulties: KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI), Talat Mahmood has urged the Federal Board of...

Published 28 Oct, 2026 04:46am

Business & Finance

Govt plans to abolish PL in next budget

ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal announced the formation of a joint...

Published 28 Oct, 2026 04:46am

Money & Banking

BankIslami signs Muay Thai World Champion Nisar as its brand ambassador

KARACHI: BankIslami, one of Pakistan’s fastest-growing Islamic banks, has signed Nisar Ahmed, the WMF Pro-Am Muay...

Published 28 Oct, 2026 04:46am

Business & Finance

ABAD says concerned at policy rate hike

KARACHI: The Association of Builders and Developers of Pakistan (ABAD) has expressed concerns over the State Bank of...

Published 28 Oct, 2026 04:46am

Business & Finance

Pakistan nears deal with Indonesian firm for local vaccine production

KARACHI: Health Minister Mustafa Kamal has announced that Pakistan is close to signing an agreement with an...

Updated 28 Oct, 2026 06:18am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 13	276.80 ▼ -0.01
USD PKR Interbank Buying / Nov 13	276.60 ▼ -0.01
USD to Japanese Yen / Nov 13	159.71 ▼ -0.21
USD to Swiss Franc / Nov 13	0.84 ▲ 0.003
Pound Sterling to USD / Nov 13	1.32 ▼ -0.0022
Euro to USD / Nov 13	1.10 ▼ -0.0036
SOFR % / Nov 12	3.90 ▲ 0.01

Stock	Volume
S&P 500 / Nov 13	7,561.67
India Sensex / Nov 13	81,592.45
Tokyo Nikkei / Nov 13	61,142.35
Nasdaq / Nov 13	25,136.27
Hang Seng / Nov 13	23,637.60
FTSE 100 / Nov 13	10,902.56
Dow Jones / Nov 13	52,347.55
Germany DAX 30 / Nov 13	26,749.95
France CAC40 / Nov 13	8,368.91

Item	Value
Petrol/Litre / Nov 15	330
Diesel/Litre / Nov 15	360
Crude Oil USD/Barrel / Nov 13	88.56
Karachi Cotton PKR/37.32 KG / Nov 13	18,080
Gold 10 Grams PKR / Nov 13	352,911
Gold Spot USD/Ounce / Nov 13	3,884.49
Cotton US¢/pound / Nov 13	82.61

Gainers
Losers
Leaders

Stock	Price
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	6.07 ▲ 1 (19.72%)
Dewan Sugar / Nov 13 Dewan Sugar Mills Limited(DWSM)	8.77 ▲ 1 (12.87%)
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	2.64 ▲ 0.28 (11.86%)
Shabbir Tiles / Nov 13 Shabbir Tiles & Ceramics Limited(STCL)	10.10 ▲ 1 (10.99%)
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	1.38 ▲ 0.13 (10.4%)
Pervez Ahmed Consultancy / Nov 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	12.06 ▲ 1.1 (10.04%)
Unicap Modaraba / Nov 13 Unicap Modaraba(UCAPM)	22.84 ▲ 2.08 (10.02%)
Leather Up Ltd. / Nov 13 Leather Up Limited(LEUL)	82.90 ▲ 7.54 (10.01%)
Ningbo Green Light / Nov 13 Ningbo Green Light Energy Limited(NGLEL)	16.48 ▲ 1.5 (10.01%)
Zuma Resources / Nov 13 Zuma Resources Limited(ZUMA)	33.75 ▲ 3.07 (10.01%)

Stock	Price
Arpak Int. / Nov 13 Arpak International Investments Ltd.(ARPAK)	124.84 ▼ -13.87 (-10%)
First AL-Noor Mod. / Nov 13 First Al-Noor Modaraba(FANM)	12.64 ▼ -1.36 (-9.71%)
Shadman Cotton / Nov 13 Shadman Cotton Mills Limited(SHCM)	69.87 ▼ -6.73 (-8.79%)
Fateh Sports / Nov 13 Fateh Sports Wear Limited(FSWL)	193.60 ▼ -16.58 (-7.89%)
Asim Textile / Nov 13 Asim Textile Mills Limited(ASTM)	62.73 ▼ -4.34 (-6.47%)
D.M. Corporation / Nov 13 D.M. Corporation Limited(DMC)	151.06 ▼ -9.64 (-6%)
Bhanero Textile / Nov 13 Bhanero Textile Mills Limited(BHAT)	1,207.41 ▼ -76.42 (-5.95%)
Hira Textile / Nov 13 Hira Textile Mills Limited(HIRAT)	4.01 ▼ -0.24 (-5.65%)
J.A.Textile / Nov 13 J.A. Textile Mills Limited(JATM)	73.72 ▼ -4.26 (-5.46%)
AN Textile Mills / Nov 13 AN Textile Mills Limited(ANTM)	58.55 ▼ -3.21 (-5.2%)

Stock	Volume
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	303,195,710 ▲ 0.13
Kohinoor Spinning / Nov 13 Kohinoor Spinning Mills Limited(KOSM)	59,505,118 ▲ 0.34
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	46,791,082 ▲ 0.28
Dost Steels Ltd. / Nov 13 Dost Steels Limited(DSL)	43,180,738 ▲ 0.37
TPL Properties / Nov 13 TPL Properties Limited(TPLP)	32,746,701 ▲ 0.48
Tasdeeq Info. Serv. / Nov 13 Tasdeeq Information Services Limited(TISL)	27,571,943 ▲ 0.05
F. Nat.Equities / Nov 13 First National Equities Limited(FNEL)	24,996,122 ▲ 0.01
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	24,965,743 ▲ 1
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	22,527,745 ▲ 0.14
Dar-es-Salaam / Nov 13 Dar-es-Salaam Textile Mills Limited(DSML)	21,467,835 ▲ 0.82

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