News Archives for Business & Finance - 2026-11-06

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Companies

ABHI raises Rs2.046bn through IPO at Rs15.50/share

Proceeds from IPO will be used to strengthen bank’s regulatory capital base and continue growth in advanced portfolio, according to company prospectus

Published 06 Nov, 2026 10:40pm

World

IMF's Georgieva says any slowdown in AI-driven growth would be factor for central banks

Central bankers should eye AI growth slowdowns in inflation fight, warns IMF chief, as AI investment concerns create market volatility

Published 06 Nov, 2026 09:20pm

Stocks

Financials and consumer staples stocks lift Sri Lankan shares higher

CSE All-Share index settled 0.5% higher at 21,239.65 points

Published 06 Nov, 2026 05:45pm

Stocks

UAE shares fall as geopolitical uncertainty keeps traders cautious

Abu Dhabi’s benchmark index dropped 1.3% to hit an 18-month low

Published 06 Nov, 2026 05:41pm

World

Spain nominates former central bank head De Cos for ECB presidency, Deputy PM says

Spain officially proposes former central bank chief Pablo Hernandez de Cos to lead the influential European Central Bank

Published 06 Nov, 2026 05:06pm

Companies

HBL elevates client experience with launch of Visa Infinite CreditCard

HBL has launched the HBL Visa Infinite CreditCard, an exclusive new offering designed for the Bank’s most...

Published 06 Nov, 2026 04:57pm

Markets

Philippines gross foreign reserves at $97.4 billion at end-October

Philippines' foreign reserves dropped to $97.4 billion in October, marking a significant decline from the prior month

Published 06 Nov, 2026 04:46pm

Commodities

Palm tumbles, posts steepest weekly fall in nearly two years

Dalian’s most-active soyoil contract fell 1.41%

Published 06 Nov, 2026 04:37pm

Technology

Alphabet discloses $548 million worth of Qualcomm stake

Alphabet's significant investment in Qualcomm and increased stake in SpaceX highlight its strategic tech portfolio

Published 06 Nov, 2026 04:32pm

Europe

EU charges TikTok over harmful algorithmic 'rabbit hole' effects

EU regulators charged TikTok for its 'rabbit hole' algorithm, citing mental health risks and demanding immediate changes

Published 06 Nov, 2026 04:29pm

Commodities

Copper falls, heads for worst week since March on AI rout

Benchmark three-month copper on the London Metal Exchange was down 0.8% at $13,738 a metric ton

Published 06 Nov, 2026 04:16pm

Stocks

Indian stocks buck global tech rout, post best week in 6 years

Nifty 50 rose 2.01% to 25,030.35 and the Sensex gained 2.17% to 81,028.02

Published 06 Nov, 2026 03:56pm

Industry

Pakistan launches online ship registration

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Friday announced that the online Ship and...

Published 06 Nov, 2026 03:56pm

Exchange

Rupee records gain against US dollar

Settles at 276.66 against greenback

Updated 06 Nov, 2026 07:59pm

Commodities

World food prices dip in October, but remain higher than a year ago

FAO’s cereal price index fell 4.5% from September and was 12.6% lower than a year ago

Published 06 Nov, 2026 03:42pm

Forex

Indian rupee strengthens past 94/$ as oil slides, foreign inflows return

Indian rupee ended at 93.9050 and is now down just 4.5% in 2026

Published 06 Nov, 2026 03:37pm

Money & Banking

Pakistan’s Bank Alfalah exits Afghanistan after 20 years

BAFL sells Kabul, Herat branches to Ghazanfar Bank

Published 06 Nov, 2026 03:33pm

Energy

OGDC faces hurdles in unlocking Baragzai oil potential: report

Management also highlighted the production potential of the Rajian field

Published 06 Nov, 2026 02:37pm

Commodities

Gold price per tola drops Rs6,500 in Pakistan

International rate of gold declines by $65 to reach $4,066 per ounce

Updated 06 Nov, 2026 07:18pm

Statistics

Pakistan’s trade deficit surges 20% YoY to $3.9bn in October 2026

Country’s trade balance, the gap between exports and imports, was recorded at a deficit of $3.24bn in October 2025

Updated 06 Nov, 2026 07:08pm

Stocks

European shares fall as global AI rout gathers pace

The pan-European STOXX 600 index dropped 1.6% to 644.72 points

Published 06 Nov, 2026 01:30pm

Companies

Mustafa Ramday appointed PSO chairman; pledges to serve without charging fees

Ramday advised on the legal framework for the CPEC

Updated 06 Nov, 2026 03:20pm

Pakistan

PTA, Meta block 176,000 WhatsApp accounts linked to recycled SIMs

Regulator develops permanent mechanism to shut down accounts on inactive and cancelled numbers

Published 06 Nov, 2026 12:38pm

Forex

South African rand slips on stronger dollar, local election vote count advances

The rand traded at 16.5275 against the U.S. currency , ⁠down 0.3% on its previous close

Published 06 Nov, 2026 12:19pm

Markets

Thai October headline CPI rises 3.90% on year, above forecast

The core CPI, which excludes volatile energy and fresh food prices, rose 1.58% in October from a year earlier

Published 06 Nov, 2026 11:50am

Mutual Funds

India bonds to continue winning run but debt auction cutoffs to act as key driver

The benchmark 6.94% 2036 bond yield is likely to hover between 7.12% and 7.18% till the debt auction, a private-bank trader said

Published 06 Nov, 2026 11:43am

Stocks

Australian shares slip below 9,000 level as AI regulation fears hit miners, tech

The S&P/ASX 200 index fell 0.8% to 8,994.50 points

Published 06 Nov, 2026 11:42am

Markets

HSBC to issue $1.5 billion of contingent convertible bonds

The securities carry a 7.625% coupon and will be issued on November 13, the company said

Published 06 Nov, 2026 11:38am

Commodities

Palm slips on weak rival oils, heads for steepest weekly fall in nearly two years

Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 14 ringgit, or 0.32%, to 4,363 ringgit a metric ton

Published 06 Nov, 2026 11:35am

Commodities

Soybeans and corn firm on higher oil prices, but set for weekly losses

The most-active soybean contract on the Chicago Board of Trade rose 0.3% to $11.92-1/4 a bushel

Published 06 Nov, 2026 11:34am

Stocks

South Korea stocks hit 9-month low as US midterm results spark AI selloff

The benchmark KOSPI index fell more than 8% in early trade to hit the lowest since February 6 at 4,911.28

Published 06 Nov, 2026 11:32am

Forex

China's yuan slips, looks set to snap five-week winning streak

Its offshore counterpart traded at 6.6671 per dollar, down about 0.03% in Asian trade

Published 06 Nov, 2026 11:31am

Commodities

Copper falls, set for worst week since March on AI rout

Copper on the London Metal Exchange was down 0.61% at $13,759 a metric ton

Published 06 Nov, 2026 11:29am

Forex

Thai baht/US dollar weaker on Friday

The baht was 0.18% lower at 33.47 versus the dollar, after trading in a range of 33.460 to 33.480

Published 06 Nov, 2026 11:27am

Stocks

Japan's Nikkei slumps more than 5% as market rout deepens on AI worries

The tech-heavy Nikkei was down 5.3% at 57,858.61 as of the midday break

Published 06 Nov, 2026 11:15am

Stocks

China, Hong Kong stocks tumble as global tech selloff deepens

China’s blue-chip CSI300 Index dropped 1.5% by the midday break

Published 06 Nov, 2026 11:04am

Bullion Rate

Gold drops over 1% on higher oil prices; US payrolls data in focus

Spot gold fell 1.1% to $4,044.09 per ounce

Published 06 Nov, 2026 10:54am

Markets

Singapore Airlines to splash $1.6 billion on luxury long-haul cabins as rivals up their game

Business class gets sliding privacy doors for the first time on the airline, alongside a fully flat bed

Published 06 Nov, 2026 10:46am

Business & Finance

Pakistan urges OIC to boost intra-bloc trade, ease SME financing

The minister said that OIC countries possessed significant economic potential, geographical advantages, human resources and natural endowments

Published 06 Nov, 2026 10:37am

Stocks

PSX: selling engulfs bourse, KSE-100 settles nearly 1,500 points lower

Benchmark index settles at 173,886.68

Updated 06 Nov, 2026 07:11pm

Markets

SoftBank credit risk jumps to 4-year high as AI fears roil market

The 5-year credit default swap spread for SoftBank rose 22 basis points to 466 bps, ⁠according to Markit data, the widest since October 2022

Published 06 Nov, 2026 08:28am

Forex

Indian rupee to draw support from return of foreign flows amid tech meltdown

The Indian rupee has advanced 0.5% so far this week, hitting a two-week high of 94.32 in Thursday's session before settling at 94.4750

Published 06 Nov, 2026 08:13am

Energy

Brent oil price benchmark set for biggest weekly drop since 2020

Brent crude futures for January were up 31 cents, or 0.3%, to $98.60 a barrel

Updated 06 Nov, 2026 09:08pm

Business & Finance

Uninterrupted supply of gas, water to textile industry demanded

KARACHI: Vice Chairman and Regional In-charge (Karachi Region) of the All Pakistan Textile Processing Mills...

Published 06 Nov, 2026 07:55am

Business & Finance

Russia agrees to advance bilateral technology cooperation

ISLAMABAD: Pakistan and Russia have agreed to advance bilateral technology cooperation from dialogue to practical...

Published 06 Nov, 2026 07:49am

Stocks

Indian stocks set for pullback after sharp rally on oil slide, foreign inflows

GIFT Nifty futures were ⁠at 24,460

Published 06 Nov, 2026 07:47am

Companies

Reliable connectivity vital to business operational efficiency: PTCL CEO

FAISALABAD: PTCL Chief Executive Officer Nadeem Khan reaffirmed the company’s commitment to reliable connectivity,...

Published 06 Nov, 2026 07:47am

Forex

Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls

The dollar index, which measures the greenback against six peers, was roughly flat at 101.55

Published 06 Nov, 2026 07:44am

Business & Finance

PRA decides to speed up registration of new businesses

LAHORE: The Punjab Revenue Authority (PRA) has decided to speed up the registration of new businesses and the...

Published 06 Nov, 2026 07:41am

Stocks

Asia stocks crumble after AI rout rocks US markets

South Korea's KOSPI fell more than 8% to trigger a circuit breaker and was last down 7% after trading resumed

Published 06 Nov, 2026 07:41am

Business & Finance

Pakistan ready to boost trade, investment ties with Sudan: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday said Pakistan wanted to strengthen trade and investment ties...

Published 06 Nov, 2026 07:35am

Business & Finance

P@SHA joins hands with British Council & EU’s TVET in G-B

KARACHI: Pakistan’s IT industry is strengthening its collaboration with academia and the government to improve...

Published 06 Nov, 2026 07:33am

Business & Finance

Govt urged to publish data on wheat stock

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

Published 06 Nov, 2026 07:16am

Business & Finance

Gillani supports LCCI’s call for consultation in lawmaking

LAHORE: Chairman Senate Yousaf Raza Gillani has said that the business community will be provided an opportunity to...

Published 06 Nov, 2026 07:14am

Agriculture and Allied

Rabi sowing season: DAP shortage threatens crop yields

KARACHI: Pakistan’s agricultural sector is facing an escalating crisis as a severe shortage of Di-Ammonium Phosphate...

Published 06 Nov, 2026 07:12am

Business & Finance

Developing states debt hit record USD9.4trn in 2025: World Bank

WASHINGTON: Low- and middle-income countries are borrowing more and paying more for new debt, with external debt...

Updated 06 Nov, 2026 06:43am

Business & Finance

Long-term financing: PM orders removal of 80pc export requirement for SMEs

ISLAMABAD: In a move aimed at improving access to credit for small and medium-sized enterprises (SMEs) and boosting...

Published 06 Nov, 2026 06:04am

Business & Finance

BoE lifts rate for first time since 2023

LONDON: The Bank of England raised its benchmark interest rate to four percent on Thursday, the first increase in...