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Oct 22, 2026 اردو

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Markets

Barclays bank to cut about 5,000 jobs amid AI drive

The announcement came alongside an earnings update that showed Barclays’ net profit grew 13 percent in the third quarter

Published October 22, 2026 Updated October 22, 2026 02:02pm

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By AFP

LONDON: British bank Barclays announced Thursday plans to cut around 5,000 jobs, or roughly five percent of its global workforce, by the end of 2026 in an AI efficiency drive.

The announcement came alongside an earnings update that showed Barclays’ net profit grew 13 percent in the third quarter.

Barclays upgrades Pakistan sovereign debt to ‘overweight’: Bloomberg

Barclays said it was implementing “organisational simplification and technology change efficiency driven by AI”.

“About 60 percent of the job losses relate to support functions, including fewer developers as AI makes our people more productive,” it added.

Barclays bank

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 21	277.06 ▼ -0.01
USD PKR Interbank Buying / Oct 21	276.86 ▼ -0.01
USD to Japanese Yen / Oct 22	157.56 ▼ -0.56
USD to Swiss Franc / Oct 22	0.82 ▼ -0.0018
Pound Sterling to USD / Oct 22	1.34 ▲ 0.0004
Euro to USD / Oct 22	1.12 ▲ 0.001
SOFR % / Oct 20	3.88 -

Stock	Volume
India Sensex / Oct 22	73,651.88
Tokyo Nikkei / Oct 22	63,133.40
Hang Seng / Oct 22	22,903.08
FTSE 100 / Oct 22	10,682.55
Germany DAX 30 / Oct 22	25,335.99
France CAC40 / Oct 22	7,814.18
S&P 500 / Oct 21	7,757.17
Nasdaq / Oct 21	26,702.86
Dow Jones / Oct 21	52,856.09

Item	Value
Petrol/Litre / Oct 22	379.31
Crude Oil USD/Barrel / Oct 22	98.98
Karachi Cotton PKR/37.32 KG / Oct 22	18,380
Gold Spot USD/Ounce / Oct 22	4,087.86
Diesel/Litre / Oct 22	390.11
Cotton US¢/pound / Oct 22	81.36
Gold 10 Grams PKR / Oct 21	372,544

Gainers
Losers
Leaders

Stock	Price
Unicap Modaraba / Oct 22 Unicap Modaraba(UCAPM)	17.67 ▲ 1.61 (10.02%)
Asim Textile / Oct 22 Asim Textile Mills Limited(ASTM)	58.15 ▲ 5.29 (10.01%)
Kohinoor Energy / Oct 22 Kohinoor Energy Limited(KOHE)	15.83 ▲ 1.44 (10.01%)
Nishat (Chun.) / Oct 22 Nishat Chunian Limited(NCL)	41.86 ▲ 3.81 (10.01%)
Shams Textile / Oct 22 Shams Textile Mills Limited(STML)	46.48 ▲ 4.23 (10.01%)
Aisha Steel (CPS) / Oct 22 Aisha Steel Mills Limited (CPS)(ASLCPS)	83.61 ▲ 7.6 (10%)
Buxly Paints / Oct 22 Buxly Paints Limited(BUXL)	311.21 ▲ 28.29 (10%)
Crescent Textile / Oct 22 The Crescent Textile Mills Limited(CRTM)	67.97 ▲ 6.18 (10%)
Dandot Cement / Oct 22 Dandot Cement Company Limited(DNCC)	23.86 ▲ 2.17 (10%)
F.Credit & Inv / Oct 22 First Credit and Investment Bank Limited(FCIBL)	77.89 ▲ 7.08 (10%)

Stock	Price
Grays Leasing / Oct 22 Grays Leasing Limited(GRYL)	32.82 ▼ -3.65 (-10.01%)
Crescent Fib. / Oct 22 Crescent Fibres Limited(CFL)	67.59 ▼ -7.51 (-10%)
Fateh Ind. / Oct 22 Fateh Industries Limited(FIL)	407.11 ▼ -45.23 (-10%)
MACPAC Films / Oct 22 MACPAC Films Limited(MACFL)	65.83 ▼ -7.31 (-9.99%)
P.T.C.L. / Oct 22 Pakistan Telecommunication Company Ltd(PTC)	47.03 ▼ -5.22 (-9.99%)
Azgard Nine (Non-Voti) / Oct 22 Azgard Nine (Non-Voti)(ANLNV)	7.51 ▼ -0.83 (-9.95%)
Javedan Corp.(Pref) / Oct 22 Javedan Corp.(Pref)(JVDCPS)	49.02 ▼ -5.25 (-9.67%)
Fateh Sports / Oct 22 Fateh Sports Wear Limited(FSWL)	183 ▼ -18.28 (-9.08%)
D.M. Corporation / Oct 22 D.M. Corporation Limited(DMC)	160.10 ▼ -13.34 (-7.69%)
Ahmad Hassan / Oct 22 Ahmad Hassan Textile Mills Limited(AHTM)	85 ▼ -7.01 (-7.62%)

Stock	Volume
Pakistan Refinery / Oct 22 Pakistan Refinery Limited(PRL)	22,320,187 ▼ -4.29
Cnergyico PK / Oct 22 Cnergyico PK Limited(CNERGY)	19,910,983 ▼ -0.19
MACPAC Films / Oct 22 MACPAC Films Limited(MACFL)	16,044,685 ▼ -7.31
WorldCall Telecom / Oct 22 Worldcall Telecom Limited(WTL)	12,956,328 ▼ -0.02
P.T.C.L. / Oct 22 Pakistan Telecommunication Company Ltd(PTC)	11,420,203 ▼ -5.22
Tasdeeq Info. Serv. / Oct 22 Tasdeeq Information Services Limited(TISL)	10,047,565 ▲ 0.15
TPL Properties / Oct 22 TPL Properties Limited(TPLP)	8,416,508 ▼ -0.09
Nishat ChunPow / Oct 22 Nishat Chunian Power Limited(NCPL)	7,143,778 ▼ -2
TPL Corp Ltd / Oct 22 TPL Corp Limited(TPL)	7,127,992 ▼ -1.43
F. Nat.Equities / Oct 22 First National Equities Limited(FNEL)	7,017,171 -