News Archives for Business & Finance - 2026-11-04

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Business & Finance

Govt cuts petrol price by Rs7.06, diesel by Rs3.71 per litre

New prices are effective for November 5, 2026

Published 04 Nov, 2026 10:49pm

Business & Finance

Govt approves Rs10 coin to replace banknote, new currency designs

The federal cabinet has approved the introduction of a Rs10 coin to replace the existing Rs10 banknote as part of a...

Published 04 Nov, 2026 07:45pm

Stocks

Dubai leads Gulf gains as investors assess US midterm fallout and Iran standoff

Saudi Arabia’s benchmark index gained 1.7%

Published 04 Nov, 2026 06:43pm

Stocks

India's BSE posts higher second-quarter profit

India's BSE Ltd achieved a remarkable 45% profit increase in the second quarter, signaling robust growth and market strength

Published 04 Nov, 2026 05:49pm

Money & Banking

HBL expects investment yields to rise as floating-rate securities reprice

HBL increased its Pakistan Investment Bond (PIB) holdings by approximately Rs450 billion

Published 04 Nov, 2026 05:17pm

Commodities

Copper rebounds from 3-month low as tightness offsets tariff, AI fears

Benchmark three-month copper on the London Metal Exchange was up 0.5% at $14,103 a metric ton

Published 04 Nov, 2026 04:47pm

Stocks

Financial stocks lift Sri Lankan shares higher

CSE All-Share index settled 2.09% higher at 20,541.12 points

Published 04 Nov, 2026 04:29pm

Commodities

Palm hits four-month low on expectations of record October stocks

Dalian’s most-active soyoil contract fell 1.45%

Published 04 Nov, 2026 04:25pm

Stocks

Indian stocks post longest winning streak in nearly 5 months on FPI inflow hopes

Nifty 50 rose 0.63% to 23,960.6 and the BSE Sensex added 0.5% to 77,301.4.

Published 04 Nov, 2026 04:15pm

Exchange

Rupee records gain against US dollar

Settles at 276.70 against the greenback

Updated 04 Nov, 2026 08:03pm

Energy

SSGC issues winter gas supply schedule

Three time slots have been fixed for supply to domestic consumers

Published 04 Nov, 2026 03:15pm

Forex

Indian rupee ends a tad higher as dollar slips after US midterms

Indian rupee closed at 94.64 per dollar

Published 04 Nov, 2026 03:12pm

Energy

Mughal Energy approves installation of 25MW solar power plant

Project will be financed through a combination of debt and equity

Published 04 Nov, 2026 02:40pm

Commodities

Gold price per tola gains Rs13,900 in Pakistan

International rate of gold rises $139 to reach $4,035 per ounce

Updated 04 Nov, 2026 07:03pm

Stocks

PSX to remain closed on November 9

PSX issues holiday notice

Published 04 Nov, 2026 01:31pm

Stocks

Europe set to open lower as Democratic sweep fuels AI regulation fears

Contracts tracking the German DAX dipped about 0.2%, while those of UK’s FTSE 100 lost 0.4%

Published 04 Nov, 2026 12:59pm

Markets

BMW reports lower Q3 earnings as restructuring spells more pain towards end of year

The operating margin in BMW's core automotive business narrowed to 3.4%, beating analysts' forecast of 3.1% but down from 5.2% a year earlier

Published 04 Nov, 2026 11:59am

Mutual Funds

Vietnam raises $419.7 million in government bond auction

The uptake was slightly lower, with 86% of the bonds on offer sold, compared with 87% last week

Published 04 Nov, 2026 11:43am

Forex

Kiwi in brief skid after weak jobs data, Aussie pressured by dovish RBA turn

The kiwi dollar fell to $0.5581 after shedding nearly 0.6% overnight

Published 04 Nov, 2026 11:26am

Stocks

Japan's Nikkei drops 3% as Democratic gains in US midterms hit AI stocks

The Nikkei was down 3.1% at 61,127.9, as of 0150 GMT, while the broader Topix fell 1.85% to 3.857.97

Published 04 Nov, 2026 11:22am

Forex

China's yuan hits 2-week low as investors weigh PBOC foreign exchange reserve hike

Its offshore counterpart followed the weakening trend and last fetched 6.6782 per dollar, down about 0.13% in Asian trade

Published 04 Nov, 2026 11:20am

Stocks

China stocks hover near 1-year low despite fresh support measures

The blue-chip CSI300 Index and the Shanghai Composite Index were roughly flat by the midday break

Published 04 Nov, 2026 11:19am

Mutual Funds

US bonds rally as Democrat sweep seen stalling spending

Benchmark 10-year Treasury yields fell about 5 basis points (bps) in Tokyo trade to 4.90% and 2-year yields dropped

Published 04 Nov, 2026 11:01am

Commodities

Palm extends losses on expectations of record October inventories

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 55 ringgit, or 1.21%, to 4,496 ringgit a metric ton

Published 04 Nov, 2026 10:59am

Markets

Pakistan offers 1,000 acres in Karachi for Turkish investors

Jam Kamal appreciated Türkiye’s strong support for Pakistan’s legitimate claims concerning basmati rice

Published 04 Nov, 2026 10:56am

Stocks

Australian shares close at lowest in over a week; miners, banks weigh

The S&P/ASX 200 index finished down 0.6% at 8,834.50, its lowest close since October 26

Published 04 Nov, 2026 10:48am

Stocks

PSX: KSE-100 accumulates nearly 4,000 points as investors bet on US midterms, Iran talks

Benchmark index settles at 172,013.48

Updated 04 Nov, 2026 07:01pm

Forex

India rupee's recovery may find fresh legs from equity flows, dollar weakness

The Indian rupee was likely to open around 94.70, according to traders, after settling at 94.74 on Tuesday

Published 04 Nov, 2026 08:08am

Forex

Dollar dips with US midterm results in focus

The dollar index , which measures the greenback against a basket of six currencies, edged down 0.2% to 101.7

Published 04 Nov, 2026 08:03am

Stocks

Stocks, dollar slide after some early wins for Democrats in US midterm election

MSCI's broadest index of Asia-Pacific shares outside Japan fell ⁠0.5%

Published 04 Nov, 2026 07:59am

Bullion Rate

Gold firms on softer oil prices, US midterm results awaited

Spot gold was up 0.2% at $3,934.75 ‌per ounce

Published 04 Nov, 2026 07:56am

Business & Finance

Spain envoy for direct flights, improved bilateral trade

FAISALABAD: Pakistan and Spain should seriously concentrate on starting direct flights between the two countries to...

Published 04 Nov, 2026 07:49am

Stocks

Indian stocks poised to open lower as US midterm vote outcome looms

GIFT Nifty futures were at 23,711

Published 04 Nov, 2026 07:46am

Industry

REAP steps up efforts to foster innovation

KARACHI: The Rice Exporters Association of Pakistan (REAP) is stepping up efforts to foster innovation, streamline...

Published 04 Nov, 2026 07:44am

Energy

Oil falls on Iran war uncertainty, US Democrats' midterm sweep

Brent futures fell $1.75, or 0.7%, to $101.85 a barrel

Updated 04 Nov, 2026 04:22pm

Business & Finance

Railways to adopt IFRS for financial audit

LAHORE: The Pakistan Railways has decided to get its financial statements audited under the International Financial...

Published 04 Nov, 2026 07:43am

Business & Finance

Pakistan offers Argentina's expertise in agri machinery

KARACHI: Ambassador of the Argentine Republic to Pakistan, Sebastián Sayús, has offered Argentina’s expertise in...

Published 04 Nov, 2026 07:38am

Companies

Pakistan’s first SPAC transaction: Ningbo Green Light Energy lists on PSX

KARACHI: Ningbo Green Light Energy Limited (NGLEL) has been listed on the Main Board of Pakistan Stock Exchange...

Published 04 Nov, 2026 07:33am

Business & Finance

Moot for benefits to communities hosting power projects

KARACHI: Experts, lawmakers, researchers and representatives of affected communities at the Sindh Energy and Climate...

Published 04 Nov, 2026 07:29am

Industry

Glass bangles industry decries gas load shedding

HYDERABAD: A delegation of the Hyderabad Glass Bangle Manufacturers Association, led by its President Haji Saleem...

Published 04 Nov, 2026 07:20am

Business & Finance

FPCCI holds Pakistan-ASEAN Business Roundtable

KARACHI: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI), in collaboration with the Honorary...

Published 04 Nov, 2026 07:14am

Pakistan

29th SDPI Conference: Factors to bridge widening social-sector funding gap pinpointed

ISLAMABAD: Pakistan needs fundamental structural reforms, mandatory corporate social responsibility (CSR)...

Published 04 Nov, 2026 07:12am

Business & Finance

Domestic cement despatches slightly up by 1.17pc during Oct-26

LAHORE: All Pakistan Cement Manufacturers Association has revealed that local cement despatches by the industry...

Published 04 Nov, 2026 07:08am

Business & Finance

Dar reviews steps aimed at strengthening banking channels

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

Published 04 Nov, 2026 07:06am

Business & Finance

Customs, PCDMA agree to resolve issues faced by importers

KARACHI: The Customs Department and the Pakistan Chemicals & Dyes Merchants Association (PCDMA) have agreed to...

Published 04 Nov, 2026 07:06am

Business & Finance

AI advancements could widen economic, social inequalities: Shaza

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja has warned that...

Published 04 Nov, 2026 07:03am

Energy

Petrol price slashed by Rs5.45, HSD’s by Rs3.68

ISLAMABAD: Consumers across the country will get relief at the fuel pumps effective for November 4, as the Oil and...

Published 04 Nov, 2026 06:41am

Money & Banking

Public holiday

KARACHI: The State Bank of Pakistan (SBP) will remain closed on Monday, November 9, 2026 being public holiday on the...

Published 04 Nov, 2026 06:38am

Business & Finance

Institutional restructuring: Govt adopts Ishrat’s reform blueprint

ISLAMABAD: The government has adopted former State Bank of Pakistan (SBP) governor Dr Ishrat Hussain’s institutional...

Published 04 Nov, 2026 06:37am

Companies

Coca-Cola Pakistan receives ‘Sustainability Award’

ISLAMABAD: Coca-Cola Pakistan has been honoured with the prestigious Sustainability Award in the Sustainable Cities...

Updated 04 Nov, 2026 06:53am

Companies

Fauji Foundation acquires 19.7pc voting shares in PSEL

KARACHI: Fauji Foundation has disclosed the acquisition of 19.70 percent of the voting shares in Pakistan Services...