News Archives for Business & Finance - 2026-11-12

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Business & Finance

Govt cuts petrol price by Rs3, diesel by Rs4 per litre

New prices effective for Friday, November 13

Published 12 Nov, 2026 10:20pm

Markets

Pakistan car sales surge 48% in July-October

Year-on-year performance rebounded on the back of improved macroeconomic situation, experts say

Published 12 Nov, 2026 09:36pm

Business & Finance

Malaysia calls for stronger economic cooperation with Pakistan

Malaysia has called for stronger economic cooperation with Pakistan, identifying trade, tourism, education and the...

Published 12 Nov, 2026 08:48pm

Business & Finance

SBP-held foreign exchange reserves rise $11 million to $21.57 billion

Country's total liquid foreign exchange reserves rise to $26.84 billion

Published 12 Nov, 2026 08:10pm

Business & Finance

PSO, Kuwait Petroleum agree to continue diesel, jet fuel supplies to Pakistan

Pakistan State Oil (PSO) and Kuwait Petroleum Corporation (KPC) have agreed to continue the supply of diesel and jet...

Updated 12 Nov, 2026 10:50pm

World

Nvidia CEO Jensen Huang resigns in big blow to AI boom

Jensen Huang's resignation as Nvidia CEO plunges the $4 trillion AI giant into uncertainty, shaking the tech world and its future

Updated 12 Nov, 2026 08:41pm

Commodities

LME aluminium backwardation hits 36-year high as stocks shrink

Benchmark three-month LME aluminium was trading down 0.5% at $3,053 a ton

Published 12 Nov, 2026 06:06pm

Commodities

Copper hits 3-month lows, focus on demand and US rates

Benchmark copper on the London Metal Exchange was down 1.2% at $13,645 a metric ton

Published 12 Nov, 2026 05:24pm

Stocks

Communications stocks lift Sri Lankan shares higher

CSE All-Share index settled 0.56% higher at 22,157.40 points

Published 12 Nov, 2026 05:12pm

Commodities

Asia rice: Indian rice export rates gain on Africa demand, firm rupee

India’s 5% broken parboiled variety was quoted at $385-$390 per ton

Published 12 Nov, 2026 04:36pm

Commodities

Gold price per tola falls Rs10,900 in Pakistan

International rate of gold declines by $109 to reach $3,940 per ounce

Updated 12 Nov, 2026 07:19pm

Markets

India October inflation tops RBI's 6% limit, strengthens case for rate hikes

India's retail inflation jumped in October, primarily due to food prices, pushing it above the central bank's tolerance level

Published 12 Nov, 2026 03:56pm

Exchange

Pakistan rupee registers gain against US dollar

Currency settles at 276.61 against greenback

Updated 12 Nov, 2026 08:29pm

Commodities

Palm extends gains on firmer rival Dalian

Dalian’s most-active soyoil contract rose 0.46%

Published 12 Nov, 2026 03:50pm

Companies

Pearl Continental owner says ‘not a party’ to Thatta Cement-Fauji Foundation restructuring deal

Neither filing disclosed the terms, structure, or valuation of the proposed restructuring

Published 12 Nov, 2026 03:47pm

South Asia

Sri Lanka targets growth beyond crisis recovery in budget, on course for IMF exit

Sri Lanka's budget confirms sufficient liquidity for debt repayments, aiming for fiscal prudence and a confident return to bond markets

Published 12 Nov, 2026 03:42pm

Forex

Indian rupee slips with traders clinging to equity cues, awaiting inflation data

Indian rupee closed at 94.0425 per dollar

Published 12 Nov, 2026 03:36pm

Stocks

Indian shares pause after foreign money-fuelled rally

Nifty 50 edged 0.18% higher to 25,299.35 and the Sensex rose 0.04% to 81,911.01

Published 12 Nov, 2026 03:33pm

Markets

Sukuk market growing at 22% CAGR, but foreign investment remains underwhelming, says Aurangzeb

Despite the progress, Aurangzeb says foreign investment in recent months in Sukuk remained below potential

Updated 12 Nov, 2026 03:34pm

Stocks

South Korea shares close down amid Nvidia leadership uncertainty

The benchmark KOSPI closed down 32.63 points, or 0.61%, at 5,342.73

Published 12 Nov, 2026 01:59pm

Stocks

Europe's STOXX 600 hits record high on strong earnings, easing Mideast tensions

The pan-European STOXX 600 gained 0.3% to 665.38 points

Published 12 Nov, 2026 01:54pm

Companies

Pakistan’s Crescent Fibres approves $4.5mn sale of Nooriabad property to Alkaram Spinning Mills

The sale was also recommended by the company's audit committee

Published 12 Nov, 2026 01:48pm

Industry

PMIF 2026: Significant placer gold found in Punjab rivers, says CM Maryam

Revenue from the provincial Mines and Minerals Department had risen to Rs40 billion in two and a half years

Published 12 Nov, 2026 12:41pm

Commodities

Palm gains on firm Dalian; weak crude, high stocks limit upside

Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.59%, to 4,436ringgit a metric ton

Published 12 Nov, 2026 11:48am

Markets

Taiwan's Foxconn reports 34% rise in Q3 profit, beats forecasts

Net profit for the July to September period for Nvidia’s biggest server maker and Apple’s top ‌iPhone ⁠assembler was T$77.5 billion

Published 12 Nov, 2026 11:37am

Forex

Australian dollar hits 7-month low, kiwi just above a 19-month trough

The Aussie slipped 0.1% to $0.6838, its weakest since March, after losing 0.3% on Wednesday

Published 12 Nov, 2026 11:27am

Stocks

Semiconductors lift China stocks; Hong Kong falls as Alibaba weighs

Hong Kong’s benchmark Hang Seng was down 0.9%

Published 12 Nov, 2026 11:21am

Forex

China's yuan inches higher as PBOC sets firmer guidance

The spot yuan was 0.1% higher at 6.6684 to the dollar

Published 12 Nov, 2026 11:18am

Stocks

Australia shares edge lower as heavyweight miners lose ground

The S&P/ASX 200 was down 0.4% at 9,118.80

Published 12 Nov, 2026 11:10am

Stocks

Japan's Nikkei edges higher on tech strength; Nvidia-linked suppliers drag

The Nikkei was up 0.33% at 61,448.21

Published 12 Nov, 2026 11:08am

Bullion Rate

Gold falls to over one-week low on firm dollar, Fed rate hike bets

Spot gold fell 0.2% to $3,977.99 per ounce

Published 12 Nov, 2026 11:05am

Markets

Jensen hangs on as Nvidia tumbles

Nvidia has no clear succession plan, so it’s anyone’s guess who could replace Jensen Huang

Published 12 Nov, 2026 10:52am

Industry

Pakistan seeks global mining partners to unlock mineral wealth

The minister highlighted Pakistan’s vast and largely untapped mineral potential in critical minerals

Published 12 Nov, 2026 10:18am

Companies

Khaadi IPO delayed to December amid SE Fruits fiasco

Regulators intensify scrutiny in the wake of SE Fruits' IPO setback

Published 12 Nov, 2026 09:57am

Stocks

PSX: selling continues, KSE-100 down nearly 1%

Benchmark index settles at 177,373.76

Updated 13 Nov, 2026 01:49pm

Forex

Dollar rises to 19-month high as Fed hike bets grow, yen softens

The dollar index , which measures the greenback against ⁠a basket of currencies, rose by 0.15% to 103.02, the highest since April 2025

Published 12 Nov, 2026 08:21am

Stocks

Asian stocks fragile, Nvidia plummets as board to decide CEO's fate

Shares in Nvidia slid more than 8% after the bell, weighing on S&P 500 e-mini futures , which slipped 0.4%

Published 12 Nov, 2026 08:16am

Forex

Revival in foreign flows to back Indian rupee, dollar strength offers resistance

The Indian rupee is expected to open in the 93.68 to 93.74 range, having settled at 93.69 to the dollar on Wednesday, its highest level since April

Published 12 Nov, 2026 08:13am

Stocks

Indian shares likely to consolidate after foreign inflow-driven rally

GIFT ‌Nifty futures were at 25,270

Published 12 Nov, 2026 08:11am

Energy

Oil prices rise as geopolitical risks offset rising crude output

Brent futures were up 65 cents at $93.40 a barrel

Updated 12 Nov, 2026 07:54pm

Pakistan

Sindh CM vows to promote investment in vast mineral resources

KARACHI: Sindh Chief Minister Syed Murad Ali Shah Wednesday reaffirmed his government’s commitment to promoting...

Published 12 Nov, 2026 06:23am

Pakistan

Rs1trn economy target hinges on Karachi’s development: Dr Afnan

KARACHI: Chairman of the Senate Standing Committee on Privatisation Senator Dr. Afnan Ullah Khan has said that...

Published 12 Nov, 2026 06:21am

Business & Finance

PRA revenue collection rises over Rs33bn in Oct

LAHORE: The Punjab Revenue Authority (PRA) has posted a strong rise in revenue collection, bringing in more than Rs....

Published 12 Nov, 2026 06:15am

Business & Finance

Mian Zahid urges steps for boosting exports to US

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

Published 12 Nov, 2026 06:06am

Business & Finance

KP e-registry linked to land record system, FBR

PESHAWAR: The digital integration of the e-Registry, the Land Record Management System and the Federal Board of...

Published 12 Nov, 2026 06:00am

Business & Finance

Revamping Railways: Dar chairs meeting to assess proposals

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM), Senator Mohammad Ishaq Dar, chaired a meeting here...

Published 12 Nov, 2026 05:45am

Business & Finance

Pakistan Mineral Investment Forum 2026: Dar briefed about diplomatic outreach, preparation

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar was briefed by the...

Published 12 Nov, 2026 05:42am

Industry

Resolution of issues: Business community calls for setting up of ‘united front’

ISLAMABAD: Business community leaders on Wednesday called for the establishment of a joint platform comprising...

Published 12 Nov, 2026 05:30am

Business & Finance

Ahsan for setting deadline for submitting audited reports to PAC

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has called on Parliament,...

Published 12 Nov, 2026 05:23am

Business & Finance

Sindh tags Rs17bn subsidy for wheat growers

KARACHI: The Sindh government has decided to issue Rs 17 billion subsidy for the Rabi season under the Sindh Wheat...