News Archives for Business & Finance - 2026-11-13

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Markets

Govt reduces petrol price by Rs2 per litre, keeps diesel rate unchanged

New prices effective from Saturday till Monday

Published 13 Nov, 2026 10:30pm

Business & Finance

Sindh govt to set up Labour Registration Helpdesk at SITE

In a move aimed at simplifying worker registration and improving industrial labour services, the Sindh Labour...

Published 13 Nov, 2026 10:00pm

World

Microsoft outage could generate $700 million in insured losses: Kovrr

Microsoft 365 outage is projected to cause $700 million in insured losses, sparking insurer concerns over widespread tech failures

Published 13 Nov, 2026 07:43pm

South Asia

India's October trade deficit hits one-year high of $39.88 billion as gold imports jump

Soaring gold and oil imports led to a significant widening of India's trade deficit in October, impacting economic stability

Published 13 Nov, 2026 07:18pm

Technology

PSW, Alibaba.com partner to boost trust in global e-commerce, support Pakistani exporters

A digital Trade Data Confirmation Service will be introduced, combining PSW’s digital trade infrastructure with Alibaba.com’s global B2B marketplace

Published 13 Nov, 2026 06:50pm

Stocks

UAE stocks decline on weak corporate earnings

Dubai's main market index declined 0.6%

Published 13 Nov, 2026 05:46pm

Pakistan

Pakistan aims to become competitive destination for long-term mineral investment: CDF

Assures robust security for the entire mining ecosystem

Published 13 Nov, 2026 05:26pm

Companies

Tecno, Infinix maker eyes component manufacturing in Pakistan

The company shared an overview of its operations in Pakistan

Published 13 Nov, 2026 04:56pm

Energy

World oil market is returning to surplus as Gulf exports recover, IEA says

IEA confirms global oil supplies now exceed demand, signaling a market rebalancing for the first time since the war in Iran, reversing earlier deficit forecasts

Published 13 Nov, 2026 04:51pm

Stocks

Financial and industrial stocks drag Sri Lankan shares lower

CSE All-Share index settled 0.6% lower at 22,024.18 points

Published 13 Nov, 2026 04:43pm

Technology

Microsoft outage hits Outlook, Teams and Copilot worldwide

A server problem led to Microsoft's extensive outage, impacting critical services like Outlook and Teams, disrupting global communications

Published 13 Nov, 2026 04:36pm

Companies

Tata Motors PV posts quarterly loss as JLR restructuring costs bite

A substantial one-time charge and JLR's struggles led Tata Motors to a consolidated net loss this quarter

Published 13 Nov, 2026 04:26pm

Financial

India's Paytm gets preliminary RBI nod for wallet licence; shares hit record high

Paytm's payments unit received preliminary RBI approval for prepaid products, boosting its stock

Published 13 Nov, 2026 04:22pm

Commodities

Copper falls, heads for fifth straight weekly drop on AI rout

Benchmark three-month copper on the London Metal Exchange was down 0.5% to $13,519 per metric ton

Published 13 Nov, 2026 04:16pm

Commodities

Gold price per tola loses Rs4,900 in Pakistan

International rate of gold declines by $49 to reach $3,891 per ounce

Updated 13 Nov, 2026 06:58pm

Exchange

Rupee records gain against US dollar

Currency settles at 276.60

Updated 13 Nov, 2026 08:41pm

Commodities

Palm oil post first weekly gain in three weeks

Dalian’s most-active soyoil contract gained 0.21%

Published 13 Nov, 2026 04:08pm

Commodities

Silver demand seen down 5% this year due to weaker jewellery purchases

High silver prices are curbing demand, with jewellery sales forecast to drop 22% and industrial use down 3% by 2026

Published 13 Nov, 2026 04:03pm

Pakistan

Islamabad set to become Pakistan’s first fully cashless city by Dec 31

From street vendors to business centres, digital payment facilities will be provided at every level, says minister

Published 13 Nov, 2026 03:53pm

Forex

Indian rupee snaps rising streak on hawkish Fed, oil rise

Indian rupee closed at 94.24, down 0.2% from its previous close and 0.3% week-on-week

Published 13 Nov, 2026 03:53pm

Stocks

Indian stocks slip as oil, inflation cap weekly rally

Nifty 50 fell 0.61% to 25,144.3 and Sensex edged 0.39% lower to 81,592.45

Published 13 Nov, 2026 03:48pm

Business & Finance

Oil and the dollar: How energy shocks can reinforce USD dominance

Oil and the US dollar are closely connected through global trade, inflation, monetary policy, and risk sentiment....

Published 13 Nov, 2026 02:21pm

Companies

Mari Energies discovers significant copper-gold reserves near Reko Diq

Mari Minerals holds multiple exploration licenses in Chagai, has completed approximately 25,000 metres of exploration drilling

Published 13 Nov, 2026 02:16pm

Stocks

European shares retreat from record highs, AI uncertainty weighs

The STOXX 600 was down 0.2% at 662.64 points

Published 13 Nov, 2026 01:44pm

Industry

NRL identifies copper-gold mineralisation across eight discoveries in Chagai: Tabba

Tabba reaffirmed NRL’s previously announced $100 million commitment to mineral exploration in Pakistan

Published 13 Nov, 2026 01:38pm

Industry

Mansha's Nishat Group to invest in Pakistan's new port

Mian Muhammad Mansha expressed interest and agreed to explore investment opportunities in the new port

Published 13 Nov, 2026 12:19pm

Currency

Govt moves to continue subsidy for Raast QR payments

Consultations to enhance user experience in digital payments

Published 13 Nov, 2026 12:01pm

Forex

Thai baht/US dollar steady on Friday

The baht was 0.09% higher at 33.86 versus the dollar, after trading in a range of 33.880 to 33.905

Published 13 Nov, 2026 11:55am

Markets

TikTok-owner ByteDance plans buyback at $400 billion valuation, The Information reports

ByteDance, the Chinese owner of TikTok, is planning to buy back up to $6 billion worth of shares

Published 13 Nov, 2026 11:53am

Forex

Australian dollar plumbs 10-month lows as US yields keep climbing

The Aussie slipped 0.1% to $0.68, after falling as much as 0.6% overnight to $0.6798, the lowest level since late January

Published 13 Nov, 2026 11:48am

Stocks

Australian shares retreat as oil surges, banks and miners weigh

The S&P/ASX 200 was down 0.5% at 9,101.70

Published 13 Nov, 2026 11:45am

Energy

How can carbon credits add up to 20% to revenues of green projects in Pakistan?

Carbon credits could generate additional revenues equivalent to 10% to 20% of project earnings for qualifying...

Published 13 Nov, 2026 11:41am

Stocks

Japan's Nikkei on track for best week in 5 months despite Nvidia turmoil

The broader Topix advanced 0.63% to 3,962.08 and was headed for a weekly gain of about 7%, its strongest since mid-August 2024

Published 13 Nov, 2026 11:39am

Industry

Sindh registers 40x rise in third-party motor insurance policies

The increase follows amendments to provincial motor vehicle legislation in March

Published 13 Nov, 2026 11:32am

Energy

Pakistan seeks two LNG cargoes for Dec, Jan as winter looms

PLL is seeking the cargoes to meet the country's gas requirements

Published 13 Nov, 2026 11:20am

Commodities

Wheat rebounds from 4-1/2-month low on Black Sea supply concerns

Chicago Board of Trade (CBOT) was up 1.1% at $5.90-1/2 a bushel

Published 13 Nov, 2026 11:18am

Energy

ADNOC's second pipeline to be competed by around January, Inpex executive says

A third pipeline is also planned, with completion expected around 2029, he said

Published 13 Nov, 2026 11:12am

Forex

China's yuan inches higher as companies convert cash holdings

The spot yuan is allowed to trade a maximum of 2% either side of the fixed midpoint each day

Published 13 Nov, 2026 11:08am

Mutual Funds

India bonds under pressure before debt supply; hot inflation prints pinch further

The benchmark 6.94% 2036 bond yield was 7.3113%

Published 13 Nov, 2026 11:06am

Bullion Rate

Gold rises on bargain hunting but heads for weekly decline

Spot gold climbed 1.1% to $3,918.59 per ounce

Published 13 Nov, 2026 11:00am

Commodities

Palm rangebound, but poised for first weekly gain in three weeks

Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 7 ringgit, or 0.16%, to 4,447 ringgit a metric ton

Published 13 Nov, 2026 10:58am

Stocks

PSX: buying at bourse, KSE-100 gains 500 points

Benchmark index settles at 177,873.87

Updated 13 Nov, 2026 07:05pm

Forex

Indian rupee faltering rally faces returning oil pressure, surging US yields

The Indian rupee is expected to open weaker than the 94-per-dollar mark and remain under pressure

Published 13 Nov, 2026 08:24am

Markets

Colette Kress, the CFO who challenged Huang's bets, is Nvidia's interim CEO

Now the 59-year-old finance chief ‌has been handed the top job on an interim basis, while Nvidia searches for a permanent successor

Published 13 Nov, 2026 08:22am

Energy

Oil prices set for second weekly decline as Trump sticks with Iran blockade

Brent futures rose 39 cents, or 0.4%, to $96.21 a barrel

Updated 13 Nov, 2026 05:33pm

Stocks

Indian shares likely to open flat as oil surge counters strong foreign inflows

GIFT Nifty futures were at 25,267.5

Published 13 Nov, 2026 08:04am

Stocks

Stocks recover from Nvidia whiplash, dollar climbs with US yields

Nvidia shares fell 3% in extended trading, while those of its customers, including South Korea's Naver, extended declines on Friday, with Naver down 2.75%

Published 13 Nov, 2026 07:57am

Forex

Dollar near 19-month high on Fed hike bets, yen tests 160

The Japanese yen was largely unchanged at 159.875 per dollar

Published 13 Nov, 2026 07:53am

Money & Banking

Mobilink Bank to acquire 82.51pc stake in Apna Bank

ISLAMABAD: Mobilink Bank has signed a Sale Purchase Agreement (SPA) to acquire 82.51 percent shareholding in Apna...

Published 13 Nov, 2026 07:45am

Industry

Leather industry seeks slaughter houses, Kasur plant revival

LAHORE: Pakistan’s leather industry is facing a shortage of raw materials, with industry representatives urging the...

Published 13 Nov, 2026 07:43am

Business & Finance

FBR sets tax stamp price for cement manufacturers

ISLAMABAD: The Federal Board of Revenue (FBR) has fixed the price of tax stamps for cement manufacturers at...

Published 13 Nov, 2026 07:34am

Business & Finance

Mining projects: Ahsan proposes JWG formation to finalise feasibility, financing

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has proposed the immediate...

Published 13 Nov, 2026 07:28am

Companies

Canadian co signs MoU with Mari Energies

ISLAMABAD: Ivanhoe Mines signed a memorandum of understanding with Pakistan’s Mari Energies on Thursday, the...

Published 13 Nov, 2026 07:27am

Industry

UBG, BMPP plan 100-day programme to address issues facing businessmen

KARACHI: The United Business Group (UBG) and the Businessmen Panel Progressive (BMPP) have announced to jointly...

Published 13 Nov, 2026 07:22am

Companies

PSO, Kuwait Petroleum agree to expand 50-year partnership

KARACHI: Pakistan State Oil (PSO) and Kuwait Petroleum Corporation (KPC) have agreed to expand their five-decade...

Published 13 Nov, 2026 07:20am

Pakistan

PM, Erdogan discuss trade, investment cooperation

ANTALYA: Prime Minister Muhammad Shehbaz Sharif held a bilateral meeting with President Recep Tayyip Erdogan of...

Published 13 Nov, 2026 07:10am

Pakistan

Trade, technology: Pakistan, Finland agree to boost cooperation

ANTALYA: Prime Minister Muhammad Shehbaz Sharif on Thursday reaffirmed Pakistan’s desire to transform its...

Published 13 Nov, 2026 07:02am

Business & Finance

Packaged tea makers ordered to install monitoring system

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all registered manufacturers, blenders and packers of...

Published 13 Nov, 2026 07:01am

Companies

Nvidia PE falls to 14-year low, but CEO exit and AI worries cloud the bargain

Nvidia stock fell 5% on Thursday after CEO Jensen Huang resigned; it is down 12% this week

Published 13 Nov, 2026 06:41am

Business & Finance

Petrol price slashed by Rs3, HSD’s by Rs4

ISLAMABAD: Consumers will see slight relief at the pump stations starting November 13 following a reduction in...

Published 13 Nov, 2026 06:06am

Business & Finance

Underwhelming response: Aurangzeb for promoting Sukuk among foreign investors

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday called for promoting Pakistan’s sovereign Sukuk among...

Published 13 Nov, 2026 06:03am

Business & Finance

Approval of Raast QR MDR scheme: SBP told to prepare working paper

ISLAMABAD: The government has directed the State Bank of Pakistan (SBP) to prepare a working paper for approval of...

Published 13 Nov, 2026 05:50am

Pakistan

Delayed PLI policyholders funds: IHC seeks replies from two ministries

ISLAMABAD: The Islamabad High Court (IHC) directed the Ministries of Finance and Communications to submit their...

Published 13 Nov, 2026 05:27am

Companies

Mercedes to halt German investments, mulling plant closures

FRANKFURT: Struggling German carmaker Mercedes-Benz announced Thursday it will halt all investment in Germany and is...

Published 13 Nov, 2026 05:27am

Business & Finance

Exemption from agri income: ATIR asks FBR to set up verification system with provinces

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR), Islamabad, has warned that the exemption from agricultural...