News Archives for Business & Finance - 2026-10-30

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Markets

Pakistan’s halal food exports hold $50bn potential, experts say

Pakistan has potential to generate $40-50 billion in halal exports by mobilising over 100,000 local companies to...

Updated 31 Oct, 2026 06:09pm

Markets

OGRA raises RLNG prices by up to 15.27% for October 2026

The Oil and Gas Regulatory Authority (OGRA) increased on Friday the prices of re-gasified liquefied natural gas...

Published 30 Oct, 2026 10:19pm

USA

Fed's Barkin says US central bank's direction 'straightforward,' the question is pace, SiriusXM reports

High inflation and a solid economy mean the Fed is poised for more rate increases to manage persistent rising costs

Published 30 Oct, 2026 08:15pm

Currency

Gone in 20 minutes: How the biggest heist in crypto history unfolded

Hackers stole $6.3 billion from Binance, the world's largest crypto exchange, with North Korean links

Published 30 Oct, 2026 07:49pm

Business & Finance

Corporate debt issuance reaches Rs291bn in Jan-Sept 2026: Finance Division

Pakistan’s corporate debt issuances reached Rs291 billion during January-September 2026, as the government pushes...

Published 30 Oct, 2026 07:18pm

Markets

India's FX reserves dip for seventh straight week to hit over two-month low

India's FX reserves fell for the seventh week to $719.75 billion, reflecting central bank efforts to absorb dollar demand and support the Indian rupee

Published 30 Oct, 2026 06:23pm

Companies

Strengthening Pakistan's industrial supply chain: role of Master Nonwoven in local manufacturing

Pakistan’s manufacturing sector depends on more than the products that reach consumers. Behind every finished...

Published 30 Oct, 2026 05:59pm

Stocks

UAE shares decline on weak earnings and regional tensions

Dubai’s main index dropped 0.8%

Published 30 Oct, 2026 05:23pm

Stocks

Financials stocks drag Sri Lankan shares lower

CSE All-Share index settled 0.6% lower at 20,142.33 points.

Published 30 Oct, 2026 05:13pm

Companies

Indian broadcaster Zee’s profit falls as FIFA-related costs weigh

Zee's quarterly profit dipped 38% as rising expenses for the FIFA World Cup and content initiatives pressured core margins

Published 30 Oct, 2026 04:45pm

Commodities

Copper set for first monthly loss since June as AI spending worries weigh

Benchmark three-month copper on the London Metal Exchange (LME) was down 0.9% at $14,227 a metric ton

Published 30 Oct, 2026 04:40pm

Companies

Pakistan’s automaker Sazgar opens manufacturing plant in Philippines

The plant is designed to assemble 12,000 three-wheelers annually

Published 30 Oct, 2026 04:27pm

Commodities

Gold price per tola falls Rs5,100 in Pakistan

International rate of gold declines by $51 to reach $3,980 per ounce

Updated 30 Oct, 2026 07:52pm

South Asia

Sri Lanka's key inflation index up 8.3% year-on-year in October

Colombo's inflation hit 8.3% in October, with food prices up 8.8% and non-food 8%, continuing a concerning trend fueled by rising energy expenses

Published 30 Oct, 2026 04:11pm

Commodities

Palm gains over 1% on bargain buying; posts fourth monthly rise in 5 months

Dalian’s most-active soyoil contract rose 0.54%

Published 30 Oct, 2026 03:57pm

Exchange

Rupee records gain against US dollar

Settles at 276.75

Updated 30 Oct, 2026 08:24pm

South Asia

India's April-September fiscal deficit at 42.1% of 2026/27 target

India's fiscal deficit reached 7.15 trillion rupees by September, hitting 42.1% of the annual target, according to new government figures

Published 30 Oct, 2026 03:53pm

Forex

Indian rupee posts best month in eight on RBI measures to curb dollar demand

Indian rupee closed at 94.95 per dollar

Published 30 Oct, 2026 03:48pm

Stocks

IT, earnings, tax-cut hopes power Indian shares to monthly gains

Nifty 50 added 0.51% to 23,053.1, while the Sensex rose 0.42% to 74,459.53.

Published 30 Oct, 2026 03:45pm

Business & Finance

Pakistan-Romania trade offers huge room for growth, says Romanian envoy

Romanian Ambassador to Pakistan Dr Dan Stoenescu has said that there is significant room for growth in trade and...

Published 30 Oct, 2026 02:58pm

Commodities

Pakistan offers tax-free oil storage facilities to KSA

This offers an opportunity to diversify maritime transit risks associated with the Strait of Hormuz and the Bab Al Mandeb Strait

Updated 30 Oct, 2026 08:55pm

Business & Finance

Pakistan's fintech AdalFi plans PSX IPO next month: report

Company plans to raise as much as Rs652 million

Updated 30 Oct, 2026 04:22pm

Companies

OGDCL profit surges 53% to Rs58.5bn in September quarter

The company declared an interim cash dividend of Rs5/- per share

Published 30 Oct, 2026 11:54am

Forex

Australian dollar stumbles as AI trade sputters, kiwi steadies after rate rout

The Aussie held at $0.7025, after falling 0.4% overnight and fading away from a five-week top of $0.7068

Published 30 Oct, 2026 11:51am

Stocks

Australian shares hit over 7-week high as banks, energy stocks gain; Coles tumbles

The S&P/ASX 200 index rose 1.1% to 8,992.60

Published 30 Oct, 2026 11:49am

Forex

China's yuan hits over 4-year high, set for fourth monthly gain

The spot yuan opened at 6.6600 per dollar and was last changing hands at 6.659

Published 30 Oct, 2026 11:47am

Commodities

Copper edges lower as higher oil, AI doubts weigh

Benchmark three-month copper on the London Metal Exchange was down 0.25% at $14,320.50 a metric ton

Published 30 Oct, 2026 11:30am

Markets

Philippines central bank says October inflation likely within 7.1% to 8.1% range CEBU, Philippines

Philippine inflation was likely within the 7.1% to 8.1% range in Octobe

Published 30 Oct, 2026 11:27am

Stocks

China stocks slip, set for 12th straight weekly loss on AI-led selloff

Hong Kong benchmark Hang Seng was up 1.6%

Published 30 Oct, 2026 11:13am

Commodities

Palm rises over 1% on bargain buying but still heads for weekly loss

Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 53 ringgit, or 1.15%, to 4,669 ringgit

Published 30 Oct, 2026 11:05am

Markets

Binance freezes assets after $6.3 billion heist, crypto industry's biggest

Binance said it worked with partners to freeze the affected assets with about $3 billion located so far

Published 30 Oct, 2026 11:03am

Markets

PAG to buy 51% stake in Evergrande Property Services for $514 million

The stock was suspended on Thursday pending the announcement and dropped 13.5% after trading resumed.

Published 30 Oct, 2026 10:50am

Markets

Caixabank's Q3 net profit rises 22% from same period in 2025

The country’s biggest lender by domestic assets reported a net profit of €1.76 billion

Published 30 Oct, 2026 10:46am

Bullion Rate

Gold slips as higher oil, US inflation data bolster Fed hike bets

Spot gold was down 0.5% at $4,000.54 per ounce

Published 30 Oct, 2026 10:42am

Commodities

Wheat heads for ninth weekly loss despite US export boost

The most-traded wheat contract on the Chicago Board of Trade (CBOT) was up 0.5% at $6.06-3/4 a bushel

Published 30 Oct, 2026 10:40am

Companies

Haleon Pakistan starts local manufacturing of Panadol 500mg tablets in Sindh

The locally manufactured Panadol 500mg tablets will feature a new design

Published 30 Oct, 2026 10:25am

Stocks

PSX: KSE-100 ends in red after late sell-off

Benchmark index settles at 166,409.25 points

Updated 30 Oct, 2026 07:01pm

Business & Finance

Economic opportunities in Pakistan: Turkish investors urged to take advantage

ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that Pakistan and Turkiye must translate their...

Published 30 Oct, 2026 08:34am

Business & Finance

Trade, economic cooperation: There’s significant room for growth: Romanian envoy

ISLAMABAD: Romanian Ambassador to Pakistan Dr. Dan Stoenescu has said that there is significant room for growth in...

Published 30 Oct, 2026 08:22am

Pakistan

Sindh CM, Chinese CG discuss finalising G2G agreements

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Chinese Acting Consul General Feng Deheng, on Thursday,...

Published 30 Oct, 2026 08:19am

Forex

India rupee to benefit from dollar retreat, plunging US yields; oil surge tempers impact

The India rupee is expected to open flat to marginally higher, per traders, having settled at 95.26 to the dollar on Thursday

Published 30 Oct, 2026 08:16am

Companies

Qist Bazaar financed products worth over Rs15bn since 2021

KARACHI: Qist Bazaar, Pakistan’s leading Shariah-compliant installment financing platform, has financed products...

Published 30 Oct, 2026 08:15am

Stocks

Japan's Nikkei slumps 3% as tech stocks tumble on AI worries

'The Japanese stock market is being affected by this fall in US technology shares'

Published 30 Oct, 2026 08:13am

Business & Finance

Pakistani traders: Proposal for 1 year multiple-entry visas to be considered: BD envoy

KARACHI: Deputy High Commissioner of Bangladesh Sakib Sadakat has said his country is keen to promote bilateral...

Published 30 Oct, 2026 08:09am

Markets

Appian in talks with EBRD, others, on critical minerals funds

Discussions around a potential transaction were confirmed by an EBRD spokesperson on Thursday

Published 30 Oct, 2026 08:07am

Industry

Pakistan, ASEAN countries can promote Halal trade: SVP FPCCI

KARACHI: Senior Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Saquib Fayyaz...

Published 30 Oct, 2026 08:05am

Pakistan

765kV Dasu-Islamabad project: NAB, FIA may probe irregularities

ISLAMABAD: The Senate Standing Committee on Economic Affairs has raised questions over prolonged procurement delays,...

Published 30 Oct, 2026 08:02am

Stocks

Stocks slump, bonds leap as AI giants' spending spooks investors

South Korea's KOSPI slumped 5% for an October fall of more than 17%. Japan's Nikkei fell 3%

Published 30 Oct, 2026 07:58am

Companies

Lucky Cement announces Karachi plant expansion

KARACHI: Lucky Cement Limited (LUCK) has announced a 3.2 million-tonne-per-annum brownfield expansion at its Karachi...

Published 30 Oct, 2026 07:58am

Forex

Yen steady before BOJ, AI jitters drive Treasury rally, weigh on dollar

The yen weakened a touch on the day to around 157.815 per dollar and was on track for a 0.2% decline this month against the dollar

Published 30 Oct, 2026 07:54am

Stocks

Indian shares seen opening higher after earnings-led rebound; higher oil to cap gains

GIFT Nifty futures were at 22,981

Published 30 Oct, 2026 07:50am

Business & Finance

GIZ to provide support to 300 SMEs in Sindh

KARACHI: German development agency GIZ will provide technical and financial assistance to 300 small and medium-sized...

Published 30 Oct, 2026 07:49am

Energy

Oil set for fourth monthly gain as Hormuz tanker attack highlights supply risks

Brent crude futures for December, which expire on Friday, were up $2.74, or 2.4%, at $117.62 a barrel

Updated 30 Oct, 2026 04:04pm

Business & Finance

Dar calls for monitoring sugar’s local supplies, exports

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar on Thursday chaired a...

Published 30 Oct, 2026 07:45am

Pakistan

Makkah Pact: BD’s inclusion could expand regional reach, trade ties: Dy HC

KARACHI: Bangladesh’s inclusion in the Makkah Pact could extend the framework’s geographic reach to South Asia and...

Published 30 Oct, 2026 07:43am

Pakistan

Aurangzeb, Saudi envoy discuss economic cooperation

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with His Excellency Dr Rajeh...

Published 30 Oct, 2026 07:41am

Business & Finance

Transit trade directorate detects major misdeclaration

KARACHI: The Directorate General of Transit Trade, Karachi, has detected a major misdeclaration in a container bound...

Published 30 Oct, 2026 07:37am

Business & Finance

Unreliable data & recovery figures: NEPRA grills CPPA-G and PPMC

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Thursday grilled CPPA-G and PPMC for...

Published 30 Oct, 2026 07:33am

Business & Finance

Electricity consumed by steel manufacturers: FBR issues new procedure for payment of additional sales tax

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new procedure for payment and adjustment of additional...

Published 30 Oct, 2026 07:31am

Money & Banking

Standard Chartered Bank posts Rs37.1bn profit before tax

KARACHI: Standard Chartered Bank (Pakistan) Limited delivered a resilient financial performance for the nine-month...

Published 30 Oct, 2026 07:21am

Pakistan

Shelled almonds and cashews not smuggled goods under SRO: SC

ISLAMABAD: The Supreme Court of Pakistan held that shelled almonds and cashew nuts do not fall within any of the...

Published 30 Oct, 2026 07:20am

Business & Finance

Punjab CM assures LCCI of support for industrial growth

LAHORE: Punjab Chief Minister Maryam Nawaz has assured the Lahore Chamber of Commerce and Industry (LCCI) of full...

Published 30 Oct, 2026 07:01am

Energy

Oil majors reap bumper profits

LONDON: Oil and gas giants Shell and TotalEnergies on Thursday reported soaring quarterly net profits as the Middle...

Published 30 Oct, 2026 06:58am

Energy

Petrol price kept unchanged, HSD’s hiked by 85 paise

ISLAMABAD: Petrol has been kept unchanged at Rs377.91 per litre, whereas, High-Speed Diesel (HSD) has slightly up by...

Published 30 Oct, 2026 06:32am

Business & Finance

FCA performance: FBR rejects APTMA’s concerns

ISLAMABAD: The Federal Board of Revenue (FBR) has out rightly rejected figures submitted by All Pakistan Textile...

Published 30 Oct, 2026 06:30am

Energy

Oil prices settle lower

HOUSTON: Oil prices fell on Thursday in a choppy session as hopes for peace talks between the US and Iran offset...

Published 30 Oct, 2026 06:25am

Business & Finance

Chinese auto manufacturer keen to form JVs

ISLAMABAD: China’s Wuxi Shengbao Vehicle Manufacturing Company has expressed keen interest in establishing joint...

Published 30 Oct, 2026 06:23am

Business & Finance

FD’s update: Oct inflation projected to stay elevated at 9.5-10.5pc

ISLAMABAD: Inflation is projected to remain elevated at 9.5-10.5 percent in October 2026 - attributed to persistent...