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K-Electric share price surges 7.58% on day CEO resigns
February 6, 2026 4:15
K-Electric share price surges 7.58% on day CEO resigns

The share price of K-Electric (KE) jumped 7.58% during trading on Friday - the same day the utility announced the resignation of its CEO Moonis Alvi in a notice to the Pakistan Stock Exchange (PSX). Alvi also confirmed his resignation in a post on social platform X, a few days after Governor Sindh Kamran Tessori annulled a Provincial Ombudsman’s order to remove Alvi from his post over alleged involvement in a case pertaining to workplace harassment. On Friday, KE shares gained Re0.63 (7.58%) to close at Rs.8.94/share - at least a five-year high. The stock price hit an intra-day high of Rs9.16 - highest in the past one year (52 weeks). “The KE share price has seen a rise in line with the news of CEO’s resignation and emerging hopes of a new management takeover,” Muhammad Awais Ashraf, Director Research at AKD Securities, said while talking to Business Recorder. In another development, the utility warned the Power Division to immediately cease and desist from all actions, directions or communications premised upon, or giving effect to the Review Tariff Determinations in respect whereof interim orders of Sindh High Court (SHC). In a letter to Power Division and its attached entities, outgoing CEO Moonis Alvi cited the letters of Deputy Secretary (T&S), Syed Mateen Ahmed, highlighting that the letters neither refer to nor respond to KE’s recent correspondences on the matter. The power utility company categorically reiterated and maintained the content of its earlier letters of December 15, 2025, and January 12, 2026, saying that the untenable positions adopted in the Ministry of Energy (MoE) letters already stand fully answered, rejected and denied therein. “This [tariff review] development also boosted positive sentiment for KE shares in the stock market,” Ashraf said. Alvi’s resignation as KE CEO Alvi was appointed KE CEO in June 2018. He was reappointed as the CEO in July 2025. He joined KE in 2008 and has served as the company’s Chief Financial Officer and also held the roles of Company Secretary and Head of Treasury. In July 2025, Sindh Ombudsman ordered to remove Alvi from his position of K-Electric’s CEO, over his alleged involvement in a case pertaining to workplace harassment. Alvi termed the ombudsman’s decision “deeply distressing” for him, saying the findings did not reflect the truth of the situation as he experienced it. The SHC suspended the Ombudsman’s order within a day. Alvi later filed a Representation (Appeal) against the Ombudsman’s order before the office of the Governor of Sindh. His resignation came despite Governor Sindh having set aside Ombudsman’s order. “After 18 years with K-Electric, including almost 8 as CEO, I have decided to step down. “It has been an honour to serve an institution so central to Karachi’s life, alongside some of the most resilient and committed professionals I know. I will support a smooth transition,” he wrote in a post on X. According to sources, three candidates have been shortlisted for the position and a board meeting of KE is expected in the coming week, likely Tuesday (February 10) to decide the way forward. [...]

Pakistan rupee registers marginal gain against US dollar
February 6, 2026 3:47
Pakistan rupee registers marginal gain against US dollar

Rupee's Performance Against US Dollar Since 04 March 2025 const ctx = document.getElementById('closingRatesChart').getContext('2d'); const closingRatesChart = new Chart(ctx, { type: 'line', data: { labels: [ "04-Mar-25", "05-Mar-25", "06-Mar-25", "07-Mar-25", "10-Mar-25", "11-Mar-25", "12-Mar-25", "13-Mar-25", "14-Mar-25", "17-Mar-25", "18-Mar-25", "19-Mar-25", "20-Mar-25", "21-Mar-25", "24-Mar-25", "25-Mar-25", "26-Mar-25", "27-Mar-25", "28-Mar-25", "03-Apr-25", "04-Apr-25", "07-Apr-25", "08-Apr-25", "09-Apr-25", "10-Apr-25", "11-Apr-25", "14-Apr-25", "15-Apr-25", "16-Apr-25", "17-Apr-25", "18-Apr-25", "21-Apr-25", "22-Apr-25", "23-Apr-25", "24-Apr-25", "25-Apr-25", "28-Apr-25", "29-Apr-25", "30-Apr-25", "02-May-25", "05-May-25", "06-May-25", "07-May-25", "08-May-25", "09-May-25", "12-May-25", "13-May-25", "14-May-25", "15-May-25", "16-May-25", "19-May-25", "20-May-25", "21-May-25", "22-May-25", "23-May-25", "26-May-25", "27-May-25", "29-May-25", "30-May-25", "02-Jun-25", "03-Jun-25", 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"24-Sep-25", "25-Sep-25", "26-Sep-25", "29-Sep-25", "30-Sep-25", "01-Oct-25", "02-Oct-25", "03-Oct-25", "06-Oct-25", "07-Oct-25", "08-Oct-25", "09-Oct-25", "10-Oct-25", "13-Oct-25", "14-Oct-25", "15-Oct-25", "16-Oct-25", "17-Oct-25", "20-Oct-25", "21-Oct-25", "22-Oct-25", "23-Oct-25", "24-Oct-25", "27-Oct-25", "28-Oct-25", "29-Oct-25", "30-Oct-25", "31-Oct-25", "03-Nov-25", "04-Nov-25", "05-Nov-25", "06-Nov-25", "07-Nov-25", "10-Nov-25", "11-Nov-25", "12-Nov-25", "13-Nov-25", "14-Nov-25", "17-Nov-25", "18-Nov-25", "19-Nov-25", "20-Nov-25", "21-Nov-25", "24-Nov-25", "25-Nov-25", "26-Nov-25", "27-Nov-25", "28-Nov-25", "01-Dec-25", "02-Dec-25", "03-Dec-25", "04-Dec-25", "05-Dec-25", "08-Dec-25", "09-Dec-25", "10-Dec-25", "11-Dec-25", "12-Dec-25", "15-Dec-25", "16-Dec-25", "17-Dec-25", "18-Dec-25", "19-Dec-25", "22-Dec-25", "23-Dec-25", "24-Dec-25", "26-Dec-25", "29-Dec-25", "30-Dec-25", "31-Dec-25", "02-Jan-26", "05-Jan-26", "06-Jan-26", "07-Jan-26", "08-Jan-26", "09-Jan-26", "12-Jan-26", "13-Jan-26", "14-Jan-26", "15-Jan-26", "16-Jan-26", "19-Jan-26", "20-Jan-26", "21-Jan-26", "22-Jan-26", "23-Jan-26", "26-Jan-26", "27-Jan-26", "28-Jan-26", "29-Jan-26", "30-Jan-26", "02-Feb-26", "03-Feb-26", "04-Feb-26", "06-Feb-26" ], datasets: [{ label: 'Closing Rates', data: [ 279.77, 279.87, 279.82, 279.97, 280.07, 279.95, 279.97, 280.05, 280.21, 280.17, 280.27, 280.21, 280.22, 280.26, 280.37, 280.42, 280.26, 280.22, 280.16, 280.56, 280.47, 280.57, 280.73, 280.78, 280.56, 280.47, 280.60, 280.57, 280.46, 280.62, 280.72, 280.87, 280.77, 280.97, 281.07, 280.97, 281.07, 281.02, 280.97, 281.06, 281.22, 281.37, 281.47, 281.52, 281.71, 281.57, 281.67, 281.72, 281.61, 281.66, 281.77, 281.92, 281.97, 282.06, 281.97, 282.06, 282.17, 282.07, 282.02, 281.97, 282.12, 282.22, 282.17, 282.21, 282.47, 282.67, 282.96, 283.17, 283.41, 283.55, 283.64, 283.70, 283.87, 283.77, 283.72, 283.67, 283.72, 283.76, 283.95, 283.86, 283.97, 284.22, 284.36, 284.47, 284.56, 284.46, 284.72, 284.67, 284.96, 284.97, 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280.01, 280.0, 279.97, 279.96, 279.95, 279.92, 279.91, 279.90, 279.87, 279.86, 279.85, 279.82, 279.81, 279.80, 279.77, 279.76, 279.75, 279.72, 279.71 ], borderColor: 'black', borderWidth: 1, fill: false, pointRadius: 3 }] }, options: { responsive: true, plugins: { legend: { display: false } }, scales: { x: { title: { display: true, text: 'Date' } }, y: { title: { display: true, text: 'Closing Rate' } } } } }); The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 279.71, a gain of Re0.01 against the greenback. On Wednesday, the local unit closed at 279.72, according to the State Bank of Pakistan (SBP). The central bank remained closed on Thursday in observance of the Kashmir Day holiday. Internationally, the US dollar steadied near a two-week high on Friday, poised for its strongest weekly performance since November as a rout in stocks driven by AI-spending concerns rattled investors, while the yen firmed ahead of a national election on Sunday. The dollar has strengthened since President Donald Trump nominated Kevin Warsh as the next Federal Reserve Chair last week as markets expect him not to push a lot for rate cuts, easing some worries about central bank independence. The sharp sell-off in technology stocks this week comes as investors fret about the massive spending on artificial intelligence as well as the cascading impact of fast-advancing AI tools that could upend various sectors. The risk aversion has helped the dollar despite US Treasury yields sliding after economic data pointed to a weaker-than-expected jobs market ahead of next week’s highly anticipated payrolls report for January. The dollar index , which measures the US currency against six other units, was at 97.961, hovering near the highest since January 23. The index is set for a 1% increase for the week, its steepest rise since the middle of November. Oil prices, a key indicator of currency parity, fell on Friday as investors assessed talks between the United States and Iran that took place in Oman amid fears of another supply-disrupting Middle East conflict. Brent crude futures fell 55 cents, or 0.8%, to $67.00 a barrel by 1410 GMT, while US West Texas Intermediate crude was down 60 cents, or 1%, at $62.69 a barrel. Brent was down 5.2% on the week, while WTI had lost 3.7%. Inter-bank market rates for dollar on Friday BID Rs 279.71 OFFER Rs 279.91 Open-market movement In the open market, the PKR gained 2 paise for buying and 1 paisa for selling against USD, closing at 280.23 and 280.75, respectively. Against Euro, the PKR gained 76 paise for buying and 78 paise for selling, closing at 330.20 and 333.10, respectively. Against UAE Dirham, the PKR lost 1 paisa for buying and 5 paise for selling, closing at 76.50 and 77.25, respectively. Against Saudi Riyal, the PKR remained unchanged for buying and lost 4 paise for selling, closing at 74.82 and 75.41, respectively. Open-market rates for dollar on Friday BID Rs 280.23 OFFER Rs 280.75 [...]

SBP revises up projection for workers’ remittances to $42bn in FY26
February 6, 2026 2:32
SBP revises up projection for workers’ remittances to $42bn in FY26

State Bank of Pakistan (SBP) Governor Jameel Ahmad has revised up its projection for the cumulative inflows of workers’ remittances to $42 billion in the ongoing fiscal year 2025-26, expecting the inflows would soar to new highs ahead the two upcoming Eids falling in March-June 2026. Briefing media at the central bank’s head office in Karachi on Friday, Ahmad anticipated the inflows to reach $42 billion in the year under review against the central bank January 2026’s projection of around $41 billion in FY26, as overseas Pakistanis send significant amounts of remittances to their family and friends in the months falling around Eid-Ul-Fitr and Eid-Ul-Adha in the country. “We can expect higher remittances as two Eids are falling head [in FY26],” he said. Also read: Pakistan’s current account posts $244mn deficit in December 2025 Historical trends suggest the inflows peak around the Eid months. It hit an all-time high at $4.05 billion in March 2025 - the month when Eid-Ul-Fitr fell around last year, according to the central bank’s data. The remittances surged 26% to record high $38.3 billion in FY25 compared to $30.3 billion in FY24. Ahamd said the work on integration of Pakistan’s digital payment infrastructure with the Arab world’s Buna platform - a cross-border payment system in multiple currencies - had almost been completed. “This will soon be launched, enabling Pakistanis living in the Arab world countries to send workers’ remittances swiftly to Pakistan and contribute towards enhanced inflows ahead.” “Pakistan is also in talks with Saudi Arabia and UAE to integrate its digital payment system with the two GCC countries,” he added. UAE and Saudi Arabia are the two countries where more than 70% Pakistani expatriates live and send the highest volume of remittances to Pakistan compared to from other parts of the world. The integration is expected to ensure speedy and improved inflows of workers remittances from there to Pakistan, it was learnt. Exports outlook improve, but remain negative The central bank chief Ahmad further said the SBP had also revised up its projection for exports, expecting that exports would remain better than the central bank’s January 2026’s projection of 6% contraction in FY26. The exports would improve in the wake of the recent Prime Minister’s package to exporters. Last week, PM Shehbaz Sharif announced a reduction of three percentage points in export refinance scheme to 4.5% from 7.5%; cut electricity charges by Rs4.04 per unit; and brought electricity wheeling charges below Rs9 per unit for the industry. “The package is expected to improve the export of rice from Pakistan in FY26. The rice exports are expected to remain above $2 billion in the ongoing fiscal year compared to the SBP previous projection for around $2 billion for the year [before the PM package announced],” Ahmad said, recalling the rice exports stood at around $3.3-3.4 billion in the previous year. Pakistan rice exports hit the high following India banning rice exports to the world, which largely benefited the Pakistani rice exporters in the year. India has returned to the rice export market this year. [...]

India’s NSE reports higher sequential profit on recovery in derivatives trading
February 6, 2026 1:31
India’s NSE reports higher sequential profit on recovery in derivatives trading

The National Stock Exchange of India reported a sequential rise in quarterly profit on Friday, helped by a recovery in derivatives trading volumes, as the country’s largest bourse moves closer to a long-awaited IPO. Consolidated profit after tax rose 15% to 24.08 billion rupees ($265.5 million) for the quarter ended December 31. Activity in India’s derivatives market had slumped after the markets regulator tightened futures and options trading rules in late 2024 to curb speculative activity, raising costs and denting participation, particularly among retail investors. For the third quarter, however, NSE reported a sequential improvement in volumes across both the equity cash market and derivatives segments, although they remained lower than a year earlier. India’s National Stock Exchange IPO gains regulatory approval, NSE says Average daily volumes in equity futures increased 8% quarter-on-quarter, while equity options volumes rose 15%. Despite the recovery, volumes were still down 12% and 13%, respectively, from a year earlier. Average daily volumes in the cash market rose 3% from the second quarter. NSE’s consolidated revenue from operations rose nearly 7% from the September quarter but declined about 10% from a year earlier. Profit for the third quarter was down 37% year-on-year. In January, the stock exchange, which has been embroiled in litigation with the country’s market regulator since 2019, received approval to proceed with its IPO. [...]

Sri Lankan shares log second straight week of losses
February 6, 2026 1:27
Sri Lankan shares log second straight week of losses

Sri Lankan shares closed marginally up on Friday, but logged the second straight week of losses, as gains in health care stocks offset losses in communications services. The CSE All-Share index settled 0.14% higher at 23801.96 points. Health care stocks were up 1.89%; Communications Services stocks down 1.22% ACME Printing and Packaging and Industrial Asphalts (Ceylon) were the top percentage gainers on the index, up 50% and 25%, respectively, on the day. Trading volume on the index fell to 311.1 million shares from 441.2 million in the previous session. The equity market’s turnover dipped to 9.09 billion Sri Lankan rupees ($29.38 million) from 11.11 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 2.51 billion rupees, while domestic investors were net buyers, purchasing shares worth 8.88 billion rupees, the data showed. [...]

UAE shares slightly up as investors watch Iran-US talks
February 6, 2026 1:25
UAE shares slightly up as investors watch Iran-US talks

Stock markets in the United Arab Emirates closed slightly higher on Friday, as investors awaited news from Iran and the United States’ high-stakes negotiations regarding Tehran’s nuclear programme. Dubai’s main market extended gains to the 5th straight session, rising 0.2% to its highest level since early 2006. The negotiations between Iran and the U.S. mediated by Oman started on Friday. While both sides have indicated readiness to revive diplomacy over Tehran’s long-running nuclear row with the West, Washington wants to expand the talks to cover Iran’s ballistic missiles, support for armed groups around the region and “treatment of their own people”, U.S. Secretary of State Marco Rubio said on Wednesday. Abu Dhabi’s benchmark index edged up 0.1%, supported by a 0.8% increase in real estate developer Aldar Properties and a 0.5% hike in Adnoc Gas ahead of its earnings expected later in the day. However, Sharjah-based Dana Gas declined 3.3% after the firm reported a 14% drop in full-year profit and a 27% decline in annual revenue. Dubai index gained 4%, its biggest weekly rise since June last year, while Abu Dhabi posted weekly gains of 2.7%, according to LSEG data. Toll operator Salik Company climbed 2.2%, while state-run utility firm Dubai Electricity and Water Authority added 1.3%. Oil prices - a key catalyst for the Gulf’s financial markets - were up 0.1% at $67.63 a barrel by 1141 GMT. [...]

PSX snaps 4-session buying rally, KSE-100 down nearly 2% on heavy selling
February 6, 2026 1:04
PSX snaps 4-session buying rally, KSE-100 down nearly 2% on heavy selling

The Pakistan Stock Exchange (PSX) witnessed heavy selling pressure, with the benchmark KSE-100 Index closing lower by nearly 2% on Friday. The bears maintained their grip over the market for most part of the day, pushing the index to an intra-day low of 183,547.29. At close, the benchmark index settled at 184,129.58, down by 3,702.50 points or 1.97%. “This pressure in market can be accredited to Barrick Mining Corporation statement that Reko Diq copper-gold project site in 4Q is in advance works, although in light of a recent increase in security incidents management is currently reviewing all aspects of the project. “In light of the aforementioned news index heavy weights - OGDC & PPL lost value to close down by 2.3% and 5% respectively and cumulatively contributed negative 489 points to the index,” brokerage house Topline Securities said in its post-market report. “NBP PA by in the banking sector lost value (closed down by -8% on DoD basis) to weighed down on the index by 406 points, as upcoming court hearing related to pension case on February 13 affected investor sentiment negatively,” it added. Traded value wise NBP, PPL, KEL, OGDC, and BOP, dominated the trading activity, Topline said. The PSX remained closed on Thursday in observance of the Kashmir Day holiday. On Wednesday, buying had continued for the fourth consecutive session, with the KSE-100 closing higher by 931 points. K-Electric (KE) Chief Executive Officer Moonis Alvi has resigned from his position, the utility announced in a notice to the PSX. The development came days after Governor Sindh Kamran Tessori had annulled a Provincial Ombudsman’s order to remove Alvi from his post over alleged involvement in a case pertaining to workplace harassment. Global equities extended losses into a third day on Friday as a sell-off on Wall Street intensified, with precious metals and cryptocurrencies gripped by wrenching volatility. MSCI’s broadest index of Asia-Pacific shares outside Japan tumbled 1% to mark a second day of losses, led by a 5% dive for South Korea’s Kospi which triggered a brief trading halt shortly after the open. S&P 500 e-mini futures slid 0.2% and Nasdaq e-mini futures fell 0.4%. Stocks sold off overnight on fears that new AI models may start to eat into the profits of software firms, with the S&P 500 turning negative for the year as fears around the labour market grew. Layoffs announced by US employers surged in January to the highest level for the month in 17 years, a survey from global outplacement firm Challenger, Gray & Christmas showed on Thursday. Precious metals rallied off their lows but were still down for the day, with gold falling 0.1% at $4,764.43 and silver plunging as much as 10% before recovering. The white metal was last down 1.4% at $70.26. Meanwhile, the Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 279.71, a gain of Re0.01 against the greenback. Volume on the all-share index increased to 1,272.64 million from 1,195.26 million recorded in the previous close. The value of shares rose to Rs60.36 billion from Rs44.10 billion in the previous session. K-Electric Ltd was the volume leader with 517.81 million shares, followed by National BankXD with 51.24 million shares, and F. Nat.Equities with 50.26 million shares. Shares of 480 companies were traded on Friday, of which 113 registered an increase, 323 recorded a fall, and 44 remained unchanged. [...]

India bonds post worst fall in 6 months as RBI policy dashes liquidity support hopes
February 6, 2026 12:53
India bonds post worst fall in 6 months as RBI policy dashes liquidity support hopes

MUMBAI: Indian government bonds saw their biggest selloff in six months on Friday after the central bank did not announce any fresh liquidity support in its monetary policy, with the market bracing for a record supply of bonds next fiscal year. The benchmark 6.48% 2035 bond yield rose 9 basis points to 6.7363%, jumping the most since August and rising 4 bps for the week. The Reserve Bank of India kept its key repo rate unchanged, buoyed by a positive economic outlook and reduced pressures following trade deals with the U.S. and Europe. While the rate pause was anticipated, traders had expected the RBI to announce measures to boost liquidity. The bond market is back to “square one”, traders said, leaving it vulnerable to unfavourable demand-supply dynamics just as India aims to gross borrow a record 17.2 trillion rupees ($189.7 billion) in the financial year starting April 1. “With supply outstripping demand in the bond markets, further liquidity measures like OMOs will determine the path of yields going forward,” said Ritesh Taksali, chief investment officer at Edelweiss Life Insurance. Since February 2025, the RBI has delivered 125 bps of rate cuts, but the 10-year yield has remained near last year’s levels, while banks have struggled to pass on the cuts as deposit growth lagged credit demand. The central bank has infused a record 11.5 trillion rupees into the banking system this financial year, but aggressive FX intervention and rising currency in circulation have blunted the impact. The RBI governor said on Friday that the market’s focus on the size of the gross borrowing could be misleading as the net borrowing provides a more accurate assessment of the government’s fiscal position. Rates India’s overnight index swap rates also jumped, led by a move in the longer-end amid a panic-driven rise in paying interest from traders to hedge their investments. The one-year OIS rate ended at 5.53%, while the two-year rate ended at 5.70%. The longer-duration five-year OIS rate jumped 10 bps to end at 6.19%. [...]

Marginal rise in India government net borrowing should comfort market, RBI governor says
February 6, 2026 12:47
Marginal rise in India government net borrowing should comfort market, RBI governor says

MUMBAI: India’s central bank head said on Friday that the market’s focus on the size of the federal government’s gross borrowing for the next financial year could be misleading and that net borrowing provides a more accurate assessment of the fiscal position. Indian bonds sold off at the start of the week after the federal budget on February 1, as the size of the borrowing plan failed to assuage long-running worries over the gap between demand and supply for debt. “Looking at gross borrowing is not the correct way because there are much more redemptions next year than the current year,” said Reserve Bank of India Governor Sanjay Malhotra at a press conference following the central bank’s monetary policy announcement on Friday. Malhotra pointed out that net borrowing is set to increase by only 200 billion rupees ($2.2 billion) in the coming financial year, and in percentage terms its growth will be much less than the expected pace of growth in India’s nominal GDP. India’s forex reserves rise to record high of $723.77bn India aims to gross borrow a record 17.20 trillion rupees through sale of bonds in the next financial year, up from 14.61 trillion rupees this year. Net borrowing however is budgeted to rise to 11.73 trillion rupees from 11.53 trillion rupees this year. India’s fiscal year runs from April through March. Malhotra also said there will be net issuance of treasury bills next financial year and the government’s budgeted numbers for small savings are “conservative”. Both factors may ease the pressure on bonds, which have been trading near their weakest levels in over a year. Benchmark 10-year government bond yields were up 7 bps to 6.72% as of 2:40 p.m. The governor, meanwhile, ruled out making any more changes to its liquidity management framework and said the RBI would continue targeting for the overnight rate to be close to the policy repo rate. “We aim to keep WACR (weighted average call rate) towards repo rate and hope that this will be transmitted to all the markets,” Malhotra said, adding that it is the duty of RBI to provide ample and sufficient liquidity as required to meet the productive needs of the economy. Luring foreign investment into bonds Earlier in the day RBI removed a limit of 2.5 trillion rupees for investments in debt securities under the voluntary retention route (VRR). India devised the VRR route to attract long-term, stable foreign debt flows by exempting such investments from certain restrictions in return for a lock-in commitment. Foreign investors have to remain committed for at least three years under the VRR route. Investment through the VRR in each category of securities will be subject to the same investment ceilings as the general route, Malhotra said. [...]

Copper dips, heads for biggest weekly loss in 10 months as stocks build
February 6, 2026 12:06
Copper dips, heads for biggest weekly loss in 10 months as stocks build

Copper fell for a third straight session on Friday and was headed for its steepest weekly decline in 10 months, as rising inventories and a stronger U.S. dollar pressured prices. Benchmark three-month copper on the London Metal Exchange edged down 0.3% to $12,860.50 per metric ton as of 1020 GMT, having slumped as much as 2.9% earlier in the session. The red metal is on course for a weekly dip of 2.2%, which would be its sharpest weekly decline since the week ended April 4, 2025, and is already down 11.5% from a record high of $14,527.50 on January 29. “The focus has swung back from speculative narrative to soft physical indicators, with inventories across London, Shanghai, and New York warehouses all increasing of late,” Neil Welsh, head of metals at Britannia Global Markets, wrote in a note. LME copper stocks rose to 183,275 tons, the highest since May 2025, following further deliveries into South Korea and New Orleans, while inventories on the Shanghai Futures Exchange climbed for the ninth week in a row to 248,911 tons in a seasonal build-up ahead of Lunar New Year. On the U.S. Comex exchange, copper stocks are at a record 531,999 tons. Copper has joined gold and silver in a broader correction, as an unwinding of long positions has “pulled prices closer to fair value,” analysts at Sucden Financial said. That is likely to keep prices choppy, “particularly as liquidity thins into the Lunar New Year,” they added in a quarterly metals report. ING analyst Ewa Manthey said the market would refocus on tight ore supply, growing demand from electrification and ongoing grid investment after the holiday, which sees top metals consumer China shut for a week. “In our view, those drivers haven’t changed,” she said. Elsewhere, aluminium nudged up 0.5% to $3,040 a ton, zinc was flat at $3,302, nickel fell 0.6% to $16,965, tin dropped 0.9% to $46,000 and lead lost 0.3% to $1,949. [...]

Bitcoin claws up to $65,000, set for largest weekly drop since late 2022
February 6, 2026 12:01
Bitcoin claws up to $65,000, set for largest weekly drop since late 2022

SINGAPORE/LONDON: Bitcoin broke back above $65,000 on Friday, as a global rout in technology stocks that had vaporised many risky bets across asset classes showed tentative signs of slowing. Bitcoin was still set for its worst weekly performance since late 2022 as cryptocurrencies have struggled for months since a record crash last October sent bitcoin tumbling from an all-time peak and investor sentiment towards digital assets has cooled. The world’s largest cryptocurrency was last up 4.4% at $65,894.20, clawing back losses after having slid 5% to hit a low of $60,008.52 earlier on. So far this week, it’s lost nearly 14% in value, the most in a week since November 2022. The price is still around its weakest since early October 2024. That was just before bitcoin’s rally accelerated as Donald Trump closed in on winning the U.S. presidential election, having signalled his intention to support crypto on the campaign trail. “Bitcoin’s been going down since October (2025), maybe you could ask if it was the canary in the coalmine, or a coincidence,” said Chris Weston, head of research at brokerage Pepperstone in Melbourne. “A lot of these big crowded positions are being unwound very, very quickly.” Bitcoin on the cusp of $60,000 as investors flee risky bets Ether was last up 4% at $1,921, having similarly slid close to a 10-month low of $1,751.94 earlier in the session. It was headed for a weekly decline of nearly 16% and a year-to-date decline of 35%. The global crypto market has lost some $2 trillion in value since hitting a peak of $4.379 trillion in early October, CoinGecko data showed, with more than $1 trillion wiped out over the past month alone. Sentiment towards crypto had been affected by the latest selling in precious metals and stocks. Gold and silver, for instance, have become more volatile as a result of leveraged buying and speculative flows. Bitcoin’s fortunes have been tied to the broader tech sector for some time. The price tended to rise, particularly on the back of investor enthusiasm over artificial intelligence. “Bitcoin drifting back toward $60,000 is not crypto dying, it is the bill coming due for Treasuries and funds that treated bitcoin as a one-way asset without real risk controls, just as we have seen sharp corrections in self-proclaimed safe-haven assets like gold and silver when leverage and narrative ran ahead of reality,” said Joshua Chu, co-chair of the Hong Kong Web3 Association. “Those who bet too big, borrowed too much or assumed prices only go up are now finding out the hard way what real market volatility and risk management look like.” Analysts from Deutsche Bank said in a note that U.S. spot bitcoin ETFs witnessed outflows of more than $3 billion in January, following outflows of about $2 billion and $7 billion in December and November, respectively. “February is not panning out well for stock market bulls so far, we shall have to see if bitcoin’s recovery above $65,000 is a sign that a deeper recovery is on the cards,” XTB research director Kathleen Brooks said. [...]

India’s forex reserves rise to record high of $723.77bn
February 6, 2026 11:53
India’s forex reserves rise to record high of $723.77bn

MUMBAI: India’s foreign-exchange reserves scaled new highs, hitting $723.8 billion in the week through Jan. 30, data released by the central bank on Friday showed. The FX reserves are up about $14 billion from the prior week, building on an already record-high level. India’s foreign-exchange reserves have risen by about $36 billion in just three weeks through Jan. 30, climbing from near $688 billion to a high of $724 billion. The jump in reserves in that period has coincided with a $10 billion dollar/rupee buy-sell swap by the RBI, with a rally in gold prices and valuation gains on foreign-currency assets adding to the increase. Foreign-exchange reserves have hit fresh highs in back-to-back weeks despite a prolonged phase in which the rupee has been under pressure from weak capital inflows and persistent dollar demand from importers and hedgers. That pushed the currency close to an all-time low of 92 per dollar, prompting the RBI to sell dollars in the market. India’s forex reserves rise to record high of $709.41 billion, central bank data shows The rupee has recovered this week, boosted by the announcement of a U.S.–India trade deal that alleviated pressure on the currency. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in the central bank’s reserves. Foreign exchange reserves include India’s Reserve Tranche position in the International Monetary Fund. FOREIGN EXCHANGE RESERVES (in million U.S. dollars) Jan 30,. 2026 Jan 23, 2026 Foreign currency assets 562,392 562,885 Gold 137,683 123,088 SDRs 18,953 18,737 Reserve Tranche Position 4,746 4,703 Total 723,774 709,413 [...]

Localisation key to making cars affordable for Pakistan’s middle class: experts
February 6, 2026 11:19
Localisation key to making cars affordable for Pakistan’s middle class: experts

Pakistan can reduce cars prices and make them affordable for the middle-class people, the largest class of the country, if proper localisation of engineering items including auto engine, transmission, and suspension system are manufactured instead of assembling in the country, according to automotive industrialists and auto analysts. Talking to Business Recorder, auto expert Usman Ansari said proper and robust localisation of engineering items, parts and pieces could scale down car prices as no impact of localised vehicles would be felt if US dollar or Rupee values fell prey to fluctuations. He called for achieving the 100% localisation target of car assemblers/manufacturers as the auto industry lasts for over 30 years in the country. Also read: Car sales in Pakistan jump 46% in first four months of FY2025-26 Speaking about higher auto prices, Zain Shariq, automotive industrialist, said, “Cars that are low profit but high volume are a sector that’s very weak in Pakistan. The average Pakistani doesn’t need high quality tech, he just needs decent transport for his family. Unfortunately, companies make more profit from larger cars, at a lower overhead”. “The Pakistan car market is open for visionary entrepreneurs to capture, but it requires a personal level of commitment from the top management for it to work. “Import-based items will always have a risk of jumping up in price due to threats of devaluation and supply chain risks. Localisation of engine and transmission is essential for serious price reduction for example,” Shariq stressed. He said car sales were heavily influenced by some key economic indicators such as stable inflation, low interest rate, stable currency. “This allows the market to take on the risk of financing. “However, we should look to the west and learn from what is happening there. Car sales are dropping rapidly in the west as well, and auto loan delinquency is at an all-time high. A debt or subsidy driven boom is not sustainable in the long run. In Pakistan when we say the car sales are going up, they are still relatively very low compared to our population,” he said. Shariq explained that prices come down due to market forces. “When it is a buyers’ market [supply is more and buyers less], suppliers are forced to bring prices down. Pakistan is only now moving towards somewhat of a buyers’ market, with new models and new competition. “We can see the impact of this with historic price reductions never before witnessed in the market, as well as new models coming in at incredible prices.” Shariq further said the last auto policy was designed to encourage new entrants to create genuine competition in the local market. “That policy is only now bearing fruit. It would be a mistake to shake up the auto policy too much while the full impact of the last policy hasn’t been felt yet. Policy maturation takes time, and short term interference only leads to lower investor confidence due to unpredictability of the market and policies,” he said. Also read: Surge in used car imports sparks concern in auto industry Automobile expert Shafiq Ahmed Shaikh was of the view that experts and stakeholders always suggest that a massive portion of a car’s price in Pakistan consists of taxes. “Giving rational tax relief to all categories would attract more brands. Now more incentives and tax reductions are required on all EV vehicles to bring more affordable vehicles with best features for consumers.” When it comes to deep localisation, he said moving to complete manufacturing critical parts like full engines, designing of cars and others locally would drastically reduce costs by insulating prices from rupee depreciation. “Import of commercial used cars must be discussed among stakeholders for better results.” Shaikh said revitalising base industries was way more useful as utilising local resources like the Pakistan Steel Mills (PSM) or other local steel mills in Pakistan to supply raw materials would lower production costs. [...]

Palm oil books first weekly drop in five on weak rivals
February 6, 2026 10:56
Palm oil books first weekly drop in five on weak rivals

JAKARTA: Malaysian palm oil futures posted a first weekly drop in five weeks, weighed down by weakness in rival edible oils in Chicago and Dalian markets. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange lost 53 ringgit, or 1.26%, at 4,153 ringgit ($1,052.72) a metric ton by the midday break. The contract lost 1.8% for the week. “Bursa Malaysia crude palm oil futures traded lower following spread adjustments against rival oilseeds. Market participants adopting a cautious stance ahead of next week’s Malaysia Palm Oil Conference in Kuala Lumpur,” a Kuala Lumpur-based trader said. Dalian’s most-active soyoil contract was down 0.44%, while its palm oil contract lost 1.02%. Soyoil prices on the Chicago Board of Trade declined 0.55%. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Malaysia’s palm oil inventories are set to end a 10-month rising streak in January, as exports jumped during a seasonal slowdown in production, a Reuters survey showed. Palm oil may retest a support at 4,169 ringgit per metric ton, a break below could open the way toward the 4,116-4,148 ringgit range, said Reuters technical analyst Wang Tao. [...]

Indian rupee logs best week in over three years on US trade-pact boost
February 6, 2026 10:53
Indian rupee logs best week in over three years on US trade-pact boost

MUMBAI: The Indian rupee fell on Friday, singed by likely dollar outflows and traders lowering long bets, but posted its best rise in over three years after New Delhi and Washington announced a long-awaited trade deal. The Indian rupee closed at 90.6550 per dollar, down 0.3% on the day but up 1.4% on the week, its best weekly rise since January 2023. India’s central bank kept its key repo rate unchanged, buoyed by a positive economic outlook and reduced pressures following trade deals with the U.S. and Europe. The monetary policy stance was retained at “neutral”, suggesting rates will stay low for some time to come. “Going forward, we think the MPC will be guided by the evolving macroeconomic conditions and the outlook based on data from the new series in charting the future course of monetary policy,” economists at Barclays said in a note. The rate decision had little bearing on the rupee, which was hit by outflows, traders said. Strong appetite to buy dollars at the daily reference rate led to weakness earlier in the session. The fall worsened as stop-losses were triggered on long-Indian rupee wagers, a trader at a Mumbai-based bank said. This eroded gains for the week, which were largely powered by a rally on Tuesday after the U.S. and India announced they had reached a trade deal following months of negotiation. While traders and analysts say that the trade breakthrough has lifted the pall over the rupee, a sustainable rally would depend on a bounceback in foreign portfolio inflows. Foreign portfolio investors have net bought about $1 billion of local stocks over February so far after selling a net of $4 billion last month. In global markets, the dollar index was a tad lower at 97.8 while Asian currencies were trading mixed. [...]

K-Electric share price surges 7.58% on day CEO resigns
February 6, 2026 4:15
K-Electric share price surges 7.58% on day CEO resigns

The share price of K-Electric (KE) jumped 7.58% during trading on Friday - the same day the utility announced the resignation of its CEO Moonis Alvi in a notice to the Pakistan Stock Exchange (PSX). Alvi also confirmed his resignation in a post on social platform X, a few days after Governor Sindh Kamran Tessori annulled a Provincial Ombudsman’s order to remove Alvi from his post over alleged involvement in a case pertaining to workplace harassment. On Friday, KE shares gained Re0.63 (7.58%) to close at Rs.8.94/share - at least a five-year high. The stock price hit an intra-day high of Rs9.16 - highest in the past one year (52 weeks). “The KE share price has seen a rise in line with the news of CEO’s resignation and emerging hopes of a new management takeover,” Muhammad Awais Ashraf, Director Research at AKD Securities, said while talking to Business Recorder. In another development, the utility warned the Power Division to immediately cease and desist from all actions, directions or communications premised upon, or giving effect to the Review Tariff Determinations in respect whereof interim orders of Sindh High Court (SHC). In a letter to Power Division and its attached entities, outgoing CEO Moonis Alvi cited the letters of Deputy Secretary (T&S), Syed Mateen Ahmed, highlighting that the letters neither refer to nor respond to KE’s recent correspondences on the matter. The power utility company categorically reiterated and maintained the content of its earlier letters of December 15, 2025, and January 12, 2026, saying that the untenable positions adopted in the Ministry of Energy (MoE) letters already stand fully answered, rejected and denied therein. “This [tariff review] development also boosted positive sentiment for KE shares in the stock market,” Ashraf said. Alvi’s resignation as KE CEO Alvi was appointed KE CEO in June 2018. He was reappointed as the CEO in July 2025. He joined KE in 2008 and has served as the company’s Chief Financial Officer and also held the roles of Company Secretary and Head of Treasury. In July 2025, Sindh Ombudsman ordered to remove Alvi from his position of K-Electric’s CEO, over his alleged involvement in a case pertaining to workplace harassment. Alvi termed the ombudsman’s decision “deeply distressing” for him, saying the findings did not reflect the truth of the situation as he experienced it. The SHC suspended the Ombudsman’s order within a day. Alvi later filed a Representation (Appeal) against the Ombudsman’s order before the office of the Governor of Sindh. His resignation came despite Governor Sindh having set aside Ombudsman’s order. “After 18 years with K-Electric, including almost 8 as CEO, I have decided to step down. “It has been an honour to serve an institution so central to Karachi’s life, alongside some of the most resilient and committed professionals I know. I will support a smooth transition,” he wrote in a post on X. According to sources, three candidates have been shortlisted for the position and a board meeting of KE is expected in the coming week, likely Tuesday (February 10) to decide the way forward. [...]

Pakistan, Uzbekistan reiterate commitment towards achieving $2bn trade target: joint declaration
February 6, 2026 3:51
Pakistan, Uzbekistan reiterate commitment towards achieving $2bn trade target: joint declaration

A joint declaration on the outcomes of the state visit of Uzbekistan President Shavkat Mirziyoyev to Pakistan has been issued by the Foreign Office. The president of Uzbekistan paid a state visit to Pakistan on February 5-6, at the invitation of Prime Minister Shehbaz Sharif, the joint declaration read on Friday. PM Shehbaz and President Mirziyoyev held comprehensive and in-depth discussions covering the full spectrum of bilateral relations between the two countries. The talks focused on reviewing the current state of bilateral relations and exploring avenues to further consolidate the strategic partnership between the two countries. The two leaders noted the salience of the economic relationship in strengthening the bilateral ties, while acknowledging the fact that Uzbekistan was the first country in Central Asia, with which Pakistan had signed Transit Trade Agreement as well as Preferential Trade Agreement. Both leaders reaffirmed their resolve to continue efforts to expand trade, economic relations and industrial cooperation aimed at realizing the true economic potential of the two countries and improving the well-being of their populations. They welcomed the growing volume of trade and commerce between the two countries. They recalled the setting of the USD 2 billion bilateral trade target, and reiterated their commitment towards achieving it by 2029. The two sides reaffirmed their strong resolve to comprehensively develop and strengthen cooperation in order to support each other’s sovereignty, independence and territorial integrity, while advancing sustainable development aligned with the long- term national interests of the people of both states. They exchanged views on the present status and future prospects of cooperation across various fields, as well as on key regional and international issues of shared interest, including regional peace and security, connectivity, trade, culture, tourism, sports, and people-to-people contact. READ MORE: PM tells Uzbek president will work closely on regional connectivity Both leaders expressed satisfaction with the strong level of collaboration developed over the past 34 years since the establishment of diplomatic relations between Uzbekistan and Pakistan. They noted that these relations are firmly anchored in longstanding bonds of friendship, as well as deep historical, cultural and spiritual affinities between the two nations. Reaffirming their shared resolve, the leaders underscored their commitment to further deepen bilateral ties and elevate cooperation to a qualitatively new level that advances the core interests of both nations. The two leaders expressed satisfaction on the positive trajectory of Pakistan-Uzbekistan bilateral relations and increasing interactions between the two sides especially at the level of top leadership. The leaders recalled the productive visit of the prime minister of Pakistan to Uzbekistan on February 25-26 in 2025 and subsequent meeting held within the framework of the 17th Summit of the Economic Cooperation Organization (ECO) on July 4, 2025 in Khankendi, Azerbaijan, as well as their telephonic conversations. They expressed their commitment to fostering and expanding regular political dialogue at all levels. The two sides reaffirmed their commitment to the joint declaration on the outcomes of the visit of the prime minister to Uzbekistan, signed on February 26, 2025. They noted that the roadmap for the implementation of the decisions reached during the visit provided a comprehensive blueprint for further deepening of bilateral relations in multiple areas of cooperation. The two leaders regarded the decision to establish HighLevel Strategic Cooperation Council (HLSCC) during the visit of the prime minister in February 2025, as a significant milestone. This mechanism provides close guidance and monitoring of the top leadership on bilateral cooperation. They welcomed the inaugural meeting of the HLSCC during the visit of the President of Uzbekistan to Pakistan wherein the two leaders reviewed the entire gamut of relationship and reached important decisions on furthering bilateral cooperation. Recognising the important role of the parliaments in strengthening political, economic, cultural and humanitarian cooperation, as well as reinforcing the traditional ties of friendship between the people of the two countries, the two leaders underscored the significance of further enhancing interparliamentary cooperation. They recalled the frequent exchange of visits of senior parliamentary delegations between the two sides, including the positive outcomes of the bilateral meetings during the visit of the Chairman of the Senate of Pakistan to Tashkent in April 2025 and the Speaker of Legislative Chamber of the Oliy Majlis (Parliament) of Uzbekistan to Islamabad in September 2025. READ MORE: Uzbek President visits GIDS, explores defence and industrial cooperation with Pakistan Commending its work, the two leaders underscored the central role of the Joint Inter-Governmental Commission on TradeEconomic and Scientific-Technical Cooperation (IGC) between Uzbekistan and Pakistan, in promoting trade and commerce between the two countries. They noted with satisfaction the conduct of the 10th Session of the IGC, held in Islamabad on February 2, 2026, and hoped to achieve the targets set therein in the stated timeframe. Noting the significance of connectivity as a means of regional integration, transit trade and socio-economic development in the region, the two leaders welcomed the signing of the Framework Agreement of the Uzbekistan-Afghanistan-Pakistan (UAP) Railway Project, which took place on July 17, 2025 in Kabul. They underscored the importance of UAP Railway Project and reiterated their commitment for early completion of the project. The two leaders also welcomed the unanimous endorsement of the Termiz-Kharlachi route for the UAP Railway Project, as well as agreement to jointly finance Project Feasibility Study with the hope that it will be completed soon. The two sides also welcomed the signing of an MoU on Multimodal Transport in September 2024, which aims to facilitate seamless transit and trade connectivity between Pakistan and Uzbekistan. The two sides expressed their commitment to take measures necessary for its early operationalisation. Moreover, Pakistan reaffirmed its readiness to provide access to its seaports for Uzbek transit cargo and to make available its road network of international standards to support Uzbek trade and transit requirements. The sides reiterated their commitment to enhancing regional connectivity and acknowledged the importance of this cooperation in promoting efficient, reliable, and cost-effective transport links, thereby contributing to deeper economic integration and strengthened bilateral and regional trade relations. In order to create favorable conditions for developing industrial cooperation between the two countries, aimed primarily at exporting finished products to third countries, including the CIS and Europe, the sides agreed to establish joint management of economic or industrial zones in each country. In this regard, the sides agreed to continue work in this area within the framework of the signed Memorandum of Understanding in this field. Noting the important role of interregional dialogue in promoting trade and economic cooperation, unlocking new opportunities and identifying new areas of growth for collaboration, the two Leaders welcomed the signing of the Framework Agreement establishing the Interregional Forum. The sides agreed to hold the first Forum of Regions of the two countries in the Republic of Uzbekistan in 2026 at mutually agreed dates. Both leaders expressed their satisfaction on the progress made by both sides for completing phase-II of expansion of the PTA, signing the Bilateral Investment Treaty, agreeing to explore the possibility of signing an agreement on aligning SPS measures and mutual recognition of standards, to help Joint Ventures in pharmaceuticals, textile, leather industries, agriculture, minerals and engineering goods, and enhancing e-commerce cooperation. They also emphasized on the need to further diversify trade corridors between Uzbekistan and Pakistan to amend the existing Intergovernmental Agreement on Transit Trade for this purpose. Based on centuries of shared civilization and the legacy of the Great Silk Road, Pakistan and Uzbekistan reaffirmed their commitment to a transformative cultural partnership that bridges Central and South Asia. Recognizing the deep-rooted ties, they vowed to expand cooperation through joint heritage preservation, and the revitalization of linguistic links between Urdu and Uzbek. The two leaders resolved to foster people-to-people contacts through regular cultural festivals, academic exchanges, ensuring that our historical brotherhood serves as a cornerstone for regional peace, intellectual growth, and shared prosperity in the modern era. The two Leaders welcomed the signing of the Agreement on the Preservation, Research, and Broad Promotion of the Scientific Educational, Cultural, and Architectural Heritage of the Baburids, noting its importance as a significant step toward deepening cultural cooperation and preserving the shared historical legacy of the two nations. Both leaders also agreed that the cooperation in higher education and research would contribute meaningfully to human capital development, innovation, and mutual understanding, and reaffirmed their resolve to further expand and institutionalize academic collaboration as an integral component of Pakistan-Uzbekistan bilateral relations. The two sides took note of the strong interest shown by a number of higher education institutions of both countries in establishing institutional linkages, academic partnerships, collaborative research, and capacity-building initiatives. The leaders expressed satisfaction over sustained collaboration between national media institutions. They appreciated tangible achievements, including the implementation of the 2022 Broadcasting Agreement, content exchanges, and the ongoing joint production of the documentary “Mushtarak dillar”, which reflects the vibrancy of contemporary bilateral relations. The two leaders agreed to expand partnership by prioritizing participation in the “Pearl of the Silk Road” International Film Festival and enhancing cooperation through media, including joint news bulletins, journalist exchanges and coordinated content production as given in the MoU signed between the Associated Press of Pakistan and the Uzbekistan Television (“O ‘zbekiston 24“). Expressing satisfaction over the consistent progress achieved in strengthening bilateral cooperation in the field of tourism, supported by active high-level political engagement and improved air connectivity, including the commencement of direct flights between Tashkent-Islamabad and Tashkent-Lahore, both leaders noted the growing potential for cooperation in tourism and culture and emphasized the importance of enhancing people-to-people contacts. Acknowledging these positive developments, the two leaders agreed to further institutionalize tourism cooperation through the activation of the Tourism Working Group, the development of a joint tourism promotion and marketing plan and the facilitation of exchanges among tour operators, media representatives, professional photographers and digital content creators. They also agreed to encourage the organization of joint exhibitions and road-shows, cooperation in training and the promotion of partnerships between the private sector tour operators of the two countries. The two sides expressed their readiness for maintaining regular dialogue and building constructive cooperation in the area of security and defence. They expressed satisfaction at the level of defence cooperation. They welcomed the recent engagements between the two sides in this regard, including the Staff Talks and high-level exchanges. In order to further promote cooperation in this area, the two Leaders agreed to continue mutual participation in joint military exercises and trainings, and to cooperate in the field of professional development, exchange of best practices and collaboration between military institutions of the two countries. The two Leaders expressed readiness to expand cooperation between law enforcement agencies of the two countries in particular the fight against the three evils: terrorism, separatism, and extremism, as well as against drug trafficking. Emphasizing the importance of closer coordination at multilateral fora, the Islamic Republic of Pakistan and the Republic of Uzbekistan, underlined the centrality of UN and its institutions in addressing the complex challenges confronted by the world today. The two sides reaffirmed their commitment to the UN Charter and its purposes and principles. They pledged to consider favorably each other’s initiatives at multilateral fora. The Parties emphasized the need to respect and uphold the principles of international law and treaties governing rational, efficient and sustainable use of water resources of trans-boundary rivers. The Republic of Uzbekistan commended the Islamic Republic of Pakistan on its useful contributions to advance peace and security as the non-permanent member of the United Nations Security Council for the term 2025-2026, and congratulated Pakistan on its successful Presidency of the UNSC during June 2025. The Prime Minister of Pakistan congratulated the President of Uzbekistan on the successful hosting of the 43rd session of the UNESCO General Conference in Samarkand in 2025, noting its significance for the promotion of cultural dialogue and international cooperation. The Republic of Uzbekistan expressed full support for the Islamic Republic of Pakistan to work as the rotating Chairman of the Shanghai Cooperation Organization (SCO) for 2026-2027. The Republic of Uzbekistan congratulated the Islamic Republic of Pakistan on assuming the Chairmanships of the Regional Anti-Terrorist Structure (RATS) of the SCO for the term 2025-2026, and the Economic Cooperation Organization (ECO) for the term 2026- 2027. Both sides reaffirmed their commitment to close coordination during the Chairmanships of Pakistan in order to further strengthen the important work of the two organizations. Both sides agreed to extend favorable consideration to each other’s upcoming candidatures for various positions within international organizations particularly at the United Nations. In addition, the Pakistan side noted its regular participation in the meetings of working groups on Uzbekistan’s accession to the WTO and its support for Uzbekistan’s early accession to the Organization. The two Leaders also exchanged views on their respective regional situations including issues of their core concern and of mutual interest. They underlined that sustained dialogue and peaceful engagement in accordance with the UN Charter, General Assembly and Security Council Resolutions remain essential for addressing longstanding issues and disputes, and advancing peace, stability and prosperity in South and Central Asia. Underlining the significance of peace and stability in Afghanistan as key to lasting regional peace, stability and prosperity in general and the successful implementation of the UAP Railway Project in particular, the two leaders called on Afghanistan to address the threats of terrorism, and to take immediate and concrete actions to dismantle and eliminate all terrorist organizations based in Afghanistan, which continue to pose serious threats to regional and global security, and prevent terrorist organizations from using the Afghan territory for terrorism against any other country. Uzbekistan and Pakistan reaffirmed the importance of their constructive roles in promoting peace, stability, and a just resolution of conflicts around the world. Both sides expressed their support for the people of Palestine in their just struggle for self-determination as well as for the establishment of an independent, sovereign, and contiguous Palestinian State based on pre-1967 borders. The two sides underscored that the talks held during the visit and bilateral documents signed will serve to further strengthen the strategic partnership between the Islamic Republic of Pakistan and the Republic of Uzbekistan. Uzbekistan President Mirziyoyev expressed gratitude to PM Shehbaz and the people of Pakistan for the warm hospitality during his visit to Islamabad. Mirziyoyev invited PM Shehbaz to visit Uzbekistan at a convenient time in order to further develop comprehensive cooperation. PM Shehbaz kindly accepted the invitation. [...]

Pakistan rupee registers marginal gain against US dollar
February 6, 2026 3:47
Pakistan rupee registers marginal gain against US dollar

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280.01, 280.0, 279.97, 279.96, 279.95, 279.92, 279.91, 279.90, 279.87, 279.86, 279.85, 279.82, 279.81, 279.80, 279.77, 279.76, 279.75, 279.72, 279.71 ], borderColor: 'black', borderWidth: 1, fill: false, pointRadius: 3 }] }, options: { responsive: true, plugins: { legend: { display: false } }, scales: { x: { title: { display: true, text: 'Date' } }, y: { title: { display: true, text: 'Closing Rate' } } } } }); The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 279.71, a gain of Re0.01 against the greenback. On Wednesday, the local unit closed at 279.72, according to the State Bank of Pakistan (SBP). The central bank remained closed on Thursday in observance of the Kashmir Day holiday. Internationally, the US dollar steadied near a two-week high on Friday, poised for its strongest weekly performance since November as a rout in stocks driven by AI-spending concerns rattled investors, while the yen firmed ahead of a national election on Sunday. The dollar has strengthened since President Donald Trump nominated Kevin Warsh as the next Federal Reserve Chair last week as markets expect him not to push a lot for rate cuts, easing some worries about central bank independence. The sharp sell-off in technology stocks this week comes as investors fret about the massive spending on artificial intelligence as well as the cascading impact of fast-advancing AI tools that could upend various sectors. The risk aversion has helped the dollar despite US Treasury yields sliding after economic data pointed to a weaker-than-expected jobs market ahead of next week’s highly anticipated payrolls report for January. The dollar index , which measures the US currency against six other units, was at 97.961, hovering near the highest since January 23. The index is set for a 1% increase for the week, its steepest rise since the middle of November. Oil prices, a key indicator of currency parity, fell on Friday as investors assessed talks between the United States and Iran that took place in Oman amid fears of another supply-disrupting Middle East conflict. Brent crude futures fell 55 cents, or 0.8%, to $67.00 a barrel by 1410 GMT, while US West Texas Intermediate crude was down 60 cents, or 1%, at $62.69 a barrel. Brent was down 5.2% on the week, while WTI had lost 3.7%. Inter-bank market rates for dollar on Friday BID Rs 279.71 OFFER Rs 279.91 Open-market movement In the open market, the PKR gained 2 paise for buying and 1 paisa for selling against USD, closing at 280.23 and 280.75, respectively. Against Euro, the PKR gained 76 paise for buying and 78 paise for selling, closing at 330.20 and 333.10, respectively. Against UAE Dirham, the PKR lost 1 paisa for buying and 5 paise for selling, closing at 76.50 and 77.25, respectively. Against Saudi Riyal, the PKR remained unchanged for buying and lost 4 paise for selling, closing at 74.82 and 75.41, respectively. Open-market rates for dollar on Friday BID Rs 280.23 OFFER Rs 280.75 [...]

Canada loses 24,800 jobs, but January unemployment rate hits 16-month low
February 6, 2026 3:27
Canada loses 24,800 jobs, but January unemployment rate hits 16-month low

OTTAWA: Canada unexpectedly lost 24,800 jobs in January but the unemployment rate dipped to a 16-month low of 6.5% as fewer people looked for work, Statistics Canada indicated on Friday. Analysts had forecast a gain of 7,000 jobs and for the unemployment rate to remain unchanged at 6.8%. Full-time employment in January rose by 44,900 jobs while part time employment fell by 69,700 positions. The unemployment rate - the lowest since the 6.5% recorded in September 2024 - fell across most major demographic groups, largely reflecting declines in the number of job searchers. The Bank of Canada says the labor market is softening after the economy added a total of 181,000 new jobs from September through November. Canada created 10,100 jobs in December. The manufacturing sector lost 27,500 positions in January, most of them in the industrial heartland of Ontario, where some key industries have been hit by U.S. tariffs. “These trends will likely continue as … employees of U.S. trade-exposed industries begin to leave their jobs at higher rates than employees of other industries,” said Joshua Grundleger, a director at Fitch Ratings. Overall job losses in the manufacturing, educational services and public administration sectors outweighed gains in the information, business, agriculture and utilities sectors. The employment rate in January fell 0.1 percentage points to 60.8%, the first such decline since August 2025. The average hourly wage of permanent employees - a gauge closely tracked by the Bank of Canada to ascertain inflationary trends - dipped to a seven-month low of 3.3%, down from the 3.7% recorded in December. The central bank held its key policy rate steady at 2.25% last week and said this was about the right level to keep inflation close to its 2% target. Money markets expect rates to stay on hold for the rest of the year. “One report is unlikely to move the needle for the Bank of Canada. The unemployment rate suggests the labor market is better than expected – but not necessarily tight,” said Andrew Hencic, senior economist at TD Economics. The Canadian dollar edged up to C$1.3657 to the U.S. dollar, or 73.22 U.S. cents, from C$1.3668, or 73.16 U.S. cents. [...]

SBP-held foreign exchange reserves rise $56m to $16.16bn
February 6, 2026 2:40
SBP-held foreign exchange reserves rise $56m to $16.16bn

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $56 million during the week ended January 30, 2026, reaching $16.16 billion, according to data released by the central bank on Friday. The country’s total liquid foreign reserves stood at $21.34 billion as of January 30. Read More: SBP-held reserves rise by $13m to $16.10 billion A breakup of the reserves position shows that foreign reserves held by the SBP amounted to $16.16 billion, while net foreign reserves held by commercial banks were recorded at $5.18 billion. “During the week ended on 30-Jan-2026, SBP’s FX reserves increased by US$56 million to US$16,157.2 million,” the central bank said in its statement. [...]

SBP revises up projection for workers’ remittances to $42bn in FY26
February 6, 2026 2:32
SBP revises up projection for workers’ remittances to $42bn in FY26

State Bank of Pakistan (SBP) Governor Jameel Ahmad has revised up its projection for the cumulative inflows of workers’ remittances to $42 billion in the ongoing fiscal year 2025-26, expecting the inflows would soar to new highs ahead the two upcoming Eids falling in March-June 2026. Briefing media at the central bank’s head office in Karachi on Friday, Ahmad anticipated the inflows to reach $42 billion in the year under review against the central bank January 2026’s projection of around $41 billion in FY26, as overseas Pakistanis send significant amounts of remittances to their family and friends in the months falling around Eid-Ul-Fitr and Eid-Ul-Adha in the country. “We can expect higher remittances as two Eids are falling head [in FY26],” he said. Also read: Pakistan’s current account posts $244mn deficit in December 2025 Historical trends suggest the inflows peak around the Eid months. It hit an all-time high at $4.05 billion in March 2025 - the month when Eid-Ul-Fitr fell around last year, according to the central bank’s data. The remittances surged 26% to record high $38.3 billion in FY25 compared to $30.3 billion in FY24. Ahamd said the work on integration of Pakistan’s digital payment infrastructure with the Arab world’s Buna platform - a cross-border payment system in multiple currencies - had almost been completed. “This will soon be launched, enabling Pakistanis living in the Arab world countries to send workers’ remittances swiftly to Pakistan and contribute towards enhanced inflows ahead.” “Pakistan is also in talks with Saudi Arabia and UAE to integrate its digital payment system with the two GCC countries,” he added. UAE and Saudi Arabia are the two countries where more than 70% Pakistani expatriates live and send the highest volume of remittances to Pakistan compared to from other parts of the world. The integration is expected to ensure speedy and improved inflows of workers remittances from there to Pakistan, it was learnt. Exports outlook improve, but remain negative The central bank chief Ahmad further said the SBP had also revised up its projection for exports, expecting that exports would remain better than the central bank’s January 2026’s projection of 6% contraction in FY26. The exports would improve in the wake of the recent Prime Minister’s package to exporters. Last week, PM Shehbaz Sharif announced a reduction of three percentage points in export refinance scheme to 4.5% from 7.5%; cut electricity charges by Rs4.04 per unit; and brought electricity wheeling charges below Rs9 per unit for the industry. “The package is expected to improve the export of rice from Pakistan in FY26. The rice exports are expected to remain above $2 billion in the ongoing fiscal year compared to the SBP previous projection for around $2 billion for the year [before the PM package announced],” Ahmad said, recalling the rice exports stood at around $3.3-3.4 billion in the previous year. Pakistan rice exports hit the high following India banning rice exports to the world, which largely benefited the Pakistani rice exporters in the year. India has returned to the rice export market this year. [...]

Pakistan economy to remain in stabilisation phase over next two years: SBP governor
February 6, 2026 1:57
Pakistan economy to remain in stabilisation phase over next two years: SBP governor

State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Friday the country’s economy would continue to remain in the recovery and stabilisation phase over the next two years, instead of attempting to achieve high growth that would be unsustainable under the provided conditions. Briefing media on the domestic economy and the outlook, the central bank chief said policies and actions implemented by the government and the SBP would determine whether the current International Monetary Fund (IMF) loan programme would be last for Pakistan. The current $7 billion IMF loan programme under the Extended Fund Facility (EFF) will get concluded in September–October 2027. This is the 24th IMF programme for Pakistan in the past seven decades - since 1958. The governor maintained the domestic economy has continued to remain stable and improved gradually over the past three years, leading towards achieving sustainable growth, going forward. “Whatever we will do, we will do to sustain this [stabilisation] momentum. We will continue to maintain the momentum over the next two year,” Ahmad said “Going forward, no balance of payment issues are seen arising. The ongoing fiscal year will also end in good condition [in terms of the balance of payment] despite rising import bills and contraction in exports. The foreign debt repayments are expected to be made on time, foreign exchange (FX) reserves are projected to grow, and the current account deficit is expected to remain manageable in the year [FY27],” he said. The SBP has projected the current account deficit would remain in the range of 0-1% of GDP. “In my personal opinion, the current account deficit would remain below or around half-a-percentage points of GDP,” Ahmad said. The inflation reading is expected to remain in the targeted range of 5-7%. The rising inflows of workers’ remittances - that are projected to surge to $42 billion FY26 from $38.3 billion in FY25 - would help boost the foreign exchange reserves. Also read: Inflation in Pakistan clocks in at 5.8% in January 2026 Earlier in January 2026, Ahmad said the FX reserves (held by SBP) would hit a new all-time high at $20.20 billion by end of December 2026 from $16.2 billion at present. Ahamad recalled on Friday that the central bank sold US dollars worth $8 billion in the inter-bank market in the fiscal year 2021-22 to meet the then market requirements, washing away a big portion of the central bank FX reserves to support the then unsustainable growth. This had resulted in a record high current account deficit of 4.7% of GDP (or $17.6 billion) in FY22, forcing the government and the SBP to take harsh measures to fix the then economy, which resulted into controlling imports and took inflation reading to multi-decade high of 38% in May 2023. He said the nation could achieve a high growth of 6% again. However, that would not be sustainable under the provided conditions and circumstances. “We will avoid repeating the past mistakes [of utilising FX reserves for unsustainable high growth], but would make attempts to achieve the high growth in gradual manners and with sustainability,” he central bank chief said. [...]

India’s NSE reports higher sequential profit on recovery in derivatives trading
February 6, 2026 1:31
India’s NSE reports higher sequential profit on recovery in derivatives trading

The National Stock Exchange of India reported a sequential rise in quarterly profit on Friday, helped by a recovery in derivatives trading volumes, as the country’s largest bourse moves closer to a long-awaited IPO. Consolidated profit after tax rose 15% to 24.08 billion rupees ($265.5 million) for the quarter ended December 31. Activity in India’s derivatives market had slumped after the markets regulator tightened futures and options trading rules in late 2024 to curb speculative activity, raising costs and denting participation, particularly among retail investors. For the third quarter, however, NSE reported a sequential improvement in volumes across both the equity cash market and derivatives segments, although they remained lower than a year earlier. India’s National Stock Exchange IPO gains regulatory approval, NSE says Average daily volumes in equity futures increased 8% quarter-on-quarter, while equity options volumes rose 15%. Despite the recovery, volumes were still down 12% and 13%, respectively, from a year earlier. Average daily volumes in the cash market rose 3% from the second quarter. NSE’s consolidated revenue from operations rose nearly 7% from the September quarter but declined about 10% from a year earlier. Profit for the third quarter was down 37% year-on-year. In January, the stock exchange, which has been embroiled in litigation with the country’s market regulator since 2019, received approval to proceed with its IPO. [...]

Sri Lankan shares log second straight week of losses
February 6, 2026 1:27
Sri Lankan shares log second straight week of losses

Sri Lankan shares closed marginally up on Friday, but logged the second straight week of losses, as gains in health care stocks offset losses in communications services. The CSE All-Share index settled 0.14% higher at 23801.96 points. Health care stocks were up 1.89%; Communications Services stocks down 1.22% ACME Printing and Packaging and Industrial Asphalts (Ceylon) were the top percentage gainers on the index, up 50% and 25%, respectively, on the day. Trading volume on the index fell to 311.1 million shares from 441.2 million in the previous session. The equity market’s turnover dipped to 9.09 billion Sri Lankan rupees ($29.38 million) from 11.11 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 2.51 billion rupees, while domestic investors were net buyers, purchasing shares worth 8.88 billion rupees, the data showed. [...]

UAE shares slightly up as investors watch Iran-US talks
February 6, 2026 1:25
UAE shares slightly up as investors watch Iran-US talks

Stock markets in the United Arab Emirates closed slightly higher on Friday, as investors awaited news from Iran and the United States’ high-stakes negotiations regarding Tehran’s nuclear programme. Dubai’s main market extended gains to the 5th straight session, rising 0.2% to its highest level since early 2006. The negotiations between Iran and the U.S. mediated by Oman started on Friday. While both sides have indicated readiness to revive diplomacy over Tehran’s long-running nuclear row with the West, Washington wants to expand the talks to cover Iran’s ballistic missiles, support for armed groups around the region and “treatment of their own people”, U.S. Secretary of State Marco Rubio said on Wednesday. Abu Dhabi’s benchmark index edged up 0.1%, supported by a 0.8% increase in real estate developer Aldar Properties and a 0.5% hike in Adnoc Gas ahead of its earnings expected later in the day. However, Sharjah-based Dana Gas declined 3.3% after the firm reported a 14% drop in full-year profit and a 27% decline in annual revenue. Dubai index gained 4%, its biggest weekly rise since June last year, while Abu Dhabi posted weekly gains of 2.7%, according to LSEG data. Toll operator Salik Company climbed 2.2%, while state-run utility firm Dubai Electricity and Water Authority added 1.3%. Oil prices - a key catalyst for the Gulf’s financial markets - were up 0.1% at $67.63 a barrel by 1141 GMT. [...]

PSX snaps 4-session buying rally, KSE-100 down nearly 2% on heavy selling
February 6, 2026 1:04
PSX snaps 4-session buying rally, KSE-100 down nearly 2% on heavy selling

The Pakistan Stock Exchange (PSX) witnessed heavy selling pressure, with the benchmark KSE-100 Index closing lower by nearly 2% on Friday. The bears maintained their grip over the market for most part of the day, pushing the index to an intra-day low of 183,547.29. At close, the benchmark index settled at 184,129.58, down by 3,702.50 points or 1.97%. “This pressure in market can be accredited to Barrick Mining Corporation statement that Reko Diq copper-gold project site in 4Q is in advance works, although in light of a recent increase in security incidents management is currently reviewing all aspects of the project. “In light of the aforementioned news index heavy weights - OGDC & PPL lost value to close down by 2.3% and 5% respectively and cumulatively contributed negative 489 points to the index,” brokerage house Topline Securities said in its post-market report. “NBP PA by in the banking sector lost value (closed down by -8% on DoD basis) to weighed down on the index by 406 points, as upcoming court hearing related to pension case on February 13 affected investor sentiment negatively,” it added. Traded value wise NBP, PPL, KEL, OGDC, and BOP, dominated the trading activity, Topline said. The PSX remained closed on Thursday in observance of the Kashmir Day holiday. On Wednesday, buying had continued for the fourth consecutive session, with the KSE-100 closing higher by 931 points. K-Electric (KE) Chief Executive Officer Moonis Alvi has resigned from his position, the utility announced in a notice to the PSX. The development came days after Governor Sindh Kamran Tessori had annulled a Provincial Ombudsman’s order to remove Alvi from his post over alleged involvement in a case pertaining to workplace harassment. Global equities extended losses into a third day on Friday as a sell-off on Wall Street intensified, with precious metals and cryptocurrencies gripped by wrenching volatility. MSCI’s broadest index of Asia-Pacific shares outside Japan tumbled 1% to mark a second day of losses, led by a 5% dive for South Korea’s Kospi which triggered a brief trading halt shortly after the open. S&P 500 e-mini futures slid 0.2% and Nasdaq e-mini futures fell 0.4%. Stocks sold off overnight on fears that new AI models may start to eat into the profits of software firms, with the S&P 500 turning negative for the year as fears around the labour market grew. Layoffs announced by US employers surged in January to the highest level for the month in 17 years, a survey from global outplacement firm Challenger, Gray & Christmas showed on Thursday. Precious metals rallied off their lows but were still down for the day, with gold falling 0.1% at $4,764.43 and silver plunging as much as 10% before recovering. The white metal was last down 1.4% at $70.26. Meanwhile, the Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 279.71, a gain of Re0.01 against the greenback. Volume on the all-share index increased to 1,272.64 million from 1,195.26 million recorded in the previous close. The value of shares rose to Rs60.36 billion from Rs44.10 billion in the previous session. K-Electric Ltd was the volume leader with 517.81 million shares, followed by National BankXD with 51.24 million shares, and F. Nat.Equities with 50.26 million shares. Shares of 480 companies were traded on Friday, of which 113 registered an increase, 323 recorded a fall, and 44 remained unchanged. [...]

India bonds post worst fall in 6 months as RBI policy dashes liquidity support hopes
February 6, 2026 12:53
India bonds post worst fall in 6 months as RBI policy dashes liquidity support hopes

MUMBAI: Indian government bonds saw their biggest selloff in six months on Friday after the central bank did not announce any fresh liquidity support in its monetary policy, with the market bracing for a record supply of bonds next fiscal year. The benchmark 6.48% 2035 bond yield rose 9 basis points to 6.7363%, jumping the most since August and rising 4 bps for the week. The Reserve Bank of India kept its key repo rate unchanged, buoyed by a positive economic outlook and reduced pressures following trade deals with the U.S. and Europe. While the rate pause was anticipated, traders had expected the RBI to announce measures to boost liquidity. The bond market is back to “square one”, traders said, leaving it vulnerable to unfavourable demand-supply dynamics just as India aims to gross borrow a record 17.2 trillion rupees ($189.7 billion) in the financial year starting April 1. “With supply outstripping demand in the bond markets, further liquidity measures like OMOs will determine the path of yields going forward,” said Ritesh Taksali, chief investment officer at Edelweiss Life Insurance. Since February 2025, the RBI has delivered 125 bps of rate cuts, but the 10-year yield has remained near last year’s levels, while banks have struggled to pass on the cuts as deposit growth lagged credit demand. The central bank has infused a record 11.5 trillion rupees into the banking system this financial year, but aggressive FX intervention and rising currency in circulation have blunted the impact. The RBI governor said on Friday that the market’s focus on the size of the gross borrowing could be misleading as the net borrowing provides a more accurate assessment of the government’s fiscal position. Rates India’s overnight index swap rates also jumped, led by a move in the longer-end amid a panic-driven rise in paying interest from traders to hedge their investments. The one-year OIS rate ended at 5.53%, while the two-year rate ended at 5.70%. The longer-duration five-year OIS rate jumped 10 bps to end at 6.19%. [...]

Marginal rise in India government net borrowing should comfort market, RBI governor says
February 6, 2026 12:47
Marginal rise in India government net borrowing should comfort market, RBI governor says

MUMBAI: India’s central bank head said on Friday that the market’s focus on the size of the federal government’s gross borrowing for the next financial year could be misleading and that net borrowing provides a more accurate assessment of the fiscal position. Indian bonds sold off at the start of the week after the federal budget on February 1, as the size of the borrowing plan failed to assuage long-running worries over the gap between demand and supply for debt. “Looking at gross borrowing is not the correct way because there are much more redemptions next year than the current year,” said Reserve Bank of India Governor Sanjay Malhotra at a press conference following the central bank’s monetary policy announcement on Friday. Malhotra pointed out that net borrowing is set to increase by only 200 billion rupees ($2.2 billion) in the coming financial year, and in percentage terms its growth will be much less than the expected pace of growth in India’s nominal GDP. India’s forex reserves rise to record high of $723.77bn India aims to gross borrow a record 17.20 trillion rupees through sale of bonds in the next financial year, up from 14.61 trillion rupees this year. Net borrowing however is budgeted to rise to 11.73 trillion rupees from 11.53 trillion rupees this year. India’s fiscal year runs from April through March. Malhotra also said there will be net issuance of treasury bills next financial year and the government’s budgeted numbers for small savings are “conservative”. Both factors may ease the pressure on bonds, which have been trading near their weakest levels in over a year. Benchmark 10-year government bond yields were up 7 bps to 6.72% as of 2:40 p.m. The governor, meanwhile, ruled out making any more changes to its liquidity management framework and said the RBI would continue targeting for the overnight rate to be close to the policy repo rate. “We aim to keep WACR (weighted average call rate) towards repo rate and hope that this will be transmitted to all the markets,” Malhotra said, adding that it is the duty of RBI to provide ample and sufficient liquidity as required to meet the productive needs of the economy. Luring foreign investment into bonds Earlier in the day RBI removed a limit of 2.5 trillion rupees for investments in debt securities under the voluntary retention route (VRR). India devised the VRR route to attract long-term, stable foreign debt flows by exempting such investments from certain restrictions in return for a lock-in commitment. Foreign investors have to remain committed for at least three years under the VRR route. Investment through the VRR in each category of securities will be subject to the same investment ceilings as the general route, Malhotra said. [...]

TikTok hit with charges of breaching EU online content rules, app may have to change
February 6, 2026 12:32
TikTok hit with charges of breaching EU online content rules, app may have to change

BRUSSELS: Social media app TikTok was charged by EU tech regulators on Friday with breaching EU online content rules through its addictive features and was told that it may have to change the design of its app or risk a fine of as much as 6% of owner ByteDance’s global turnover. The European Commission set out its charges in preliminary findings to TikTok following a year-long investigation under the Digital Services Act (DSA) which requires large online platforms to do more to tackle illegal and harmful content. TikTok criticised the charges. “The Commission’s preliminary findings present a categorically false and entirely meritless depiction of our platform, and we will take whatever steps are necessary to challenge these findings through every means available to us,” a TikTok spokesperson said. The EU charges focused on TikTok’s addictive design which includes features such as infinite scroll, autoplay, push notifications, and its highly personalised recommender system. The Commission, which acts as the EU tech enforcer, cited the platform’s generation of new content to constantly reward users which fuel the urge to keep scrolling and shift users’ brain into autopilot mode as an example of an addictive feature. The EU regulator said TikTok did not adequately assess how these addictive features could harm the physical and mental wellbeing of its users, including children and vulnerable adults. It accused TikTok of disregarding important indicators of compulsive use of the app, such as the time that minors spend on the app at night and the frequency with which users open the app. The EU watchdog said TikTok seems to fail to implement reasonable, proportionate and effective measures such as screentime management tools and parental control tools to mitigate risks due to its addictive design and that the company needs to change the basic design of its service. “So now we are expecting after that, when we are publishing these preliminary findings, that Tiktok has to take actions and they have to change the design of their service in Europe to protect our miners,” EU tech chief Henna Virkkunen told reporters. She said investigations into other online platforms were advancing well and that decisions are expected in the next weeks and months, without naming any company. TikTok can ask to see the Commission’s documents and provide a written response before the watchdog issues a decision. The company last year settled charges of infringing a DSA requirement to publish an advertisement repository allowing researchers and users to detect scam advertisements. [...]

Oil pauses as investors eye US-Iran talks
February 6, 2026 12:13
Oil pauses as investors eye US-Iran talks

LONDON: Oil prices held steady on Friday as investors awaited news from high-stakes talks between the United States and Iran that are taking place in Oman amid fears of another supply-disrupting Middle East conflict. Brent crude futures rose 7 cents, or 0.1%, to $67.62 a barrel by 1055 GMT, while U.S. West Texas Intermediate crude was also up 7 cents, or 0.1%, at $63.36 a barrel. Still, Brent was set to end the week 4.3% down, as WTI was on track to end the week little changed. “Investors are watching the U.S.-Iran talks, and their sentiment is shaped by the outcome of these talks,” said Tamas Varga, an oil analyst at brokerage PVM. The market is waiting for the outcome of these negotiations, he said. Lack of consensus on the agenda for the meeting between Iran and the United States has kept investors anxious about geopolitical risk. Iran wants to stick to nuclear issues, while the United States wants to discuss Iran’s ballistic missiles and support for armed groups in the region. Any escalation of tension between the two nations could disrupt oil flows, since about a fifth of the world’s total consumption passes through the Strait of Hormuz between Oman and Iran. Saudi Arabia, the United Arab Emirates, Kuwait and Iraq export most of their crude via the strait, as does fellow OPEC member Iran. If the U.S.-Iran talks ease the prospect of conflict in the region, oil prices could decline further. “We think that geopolitical fears will give way to weak fundamentals,” Capital Economics analysts said in a note, pointing to a recovery in Kazakhstan’s oil output that will help push prices lower, towards $50 a barrel, by the end of 2026. On a weekly basis, prices were weighed down by a broader selloff in markets and by persisting expectations of an oversupply of oil, analysts said. Saudi Arabia cut the official selling price of its Arab Light crude to Asia for March to around a five-year low on Thursday, marking the fourth straight month of price cuts. “The underlying fundamental backdrop is not really encouraging, it implies an oversupplied market,” said PVM’s Varga. [...]

Punjab CM cancels Basant events after Islamabad blast
February 6, 2026 5:57
Punjab CM cancels Basant events after Islamabad blast

Punjab Chief Minister Maryam Nawaz on Friday announced the cancellation of all Basant-related activities scheduled for Saturday following a deadly blast in Islamabad that left dozens dead and injured. In a post on X, the chief minister said the mega Basant show planned at Liberty Square in Lahore also stood cancelled in the wake of what she described as the “Islamabad tragedy.” “It is imperative that the nation remains united against the Khwarji menace and their sympathisers, shows them no mercy, and stands shoulder to shoulder with our armed forces in defence of the country,” Maryam Nawaz said. READ MORE: Skies of Lahore come alive as Basant returns after years of hiatus Punjab Information Minister Azma Bukhari later confirmed that all Basant events had been called off, saying the Punjab government stood with the families of the victims in their time of grief. She said terrorists wanted to prevent Pakistan’s positive image from being projected to the world, but stressed that the nation would not bow to fear. The three-day Basant festival began earlier on Friday in Lahore after the Punjab government formally lifted a ban in place for more than two decades, with authorities enforcing strict safety measures to prevent kite-flying-related accidents. Earlier, the Sindh government also cancelled the musical segment of the Cultural Night organised for the Commonwealth Parliamentarians Association. Sindh Information Minister Sharjeel Inam Memon said the dinner in honour of the visiting delegates would be held without music out of respect for the victims. At least 31 people were martyred and 169 others injured when a suicide bomber blew himself up inside Imambargah Khadijah al-Kubra during Friday prayers in Islamabad’s Tarlai area, officials said. [...]

K-Electric share price surges 7.58% on day CEO resigns
February 6, 2026 4:15
K-Electric share price surges 7.58% on day CEO resigns

The share price of K-Electric (KE) jumped 7.58% during trading on Friday - the same day the utility announced the resignation of its CEO Moonis Alvi in a notice to the Pakistan Stock Exchange (PSX). Alvi also confirmed his resignation in a post on social platform X, a few days after Governor Sindh Kamran Tessori annulled a Provincial Ombudsman’s order to remove Alvi from his post over alleged involvement in a case pertaining to workplace harassment. On Friday, KE shares gained Re0.63 (7.58%) to close at Rs.8.94/share - at least a five-year high. The stock price hit an intra-day high of Rs9.16 - highest in the past one year (52 weeks). “The KE share price has seen a rise in line with the news of CEO’s resignation and emerging hopes of a new management takeover,” Muhammad Awais Ashraf, Director Research at AKD Securities, said while talking to Business Recorder. In another development, the utility warned the Power Division to immediately cease and desist from all actions, directions or communications premised upon, or giving effect to the Review Tariff Determinations in respect whereof interim orders of Sindh High Court (SHC). In a letter to Power Division and its attached entities, outgoing CEO Moonis Alvi cited the letters of Deputy Secretary (T&S), Syed Mateen Ahmed, highlighting that the letters neither refer to nor respond to KE’s recent correspondences on the matter. The power utility company categorically reiterated and maintained the content of its earlier letters of December 15, 2025, and January 12, 2026, saying that the untenable positions adopted in the Ministry of Energy (MoE) letters already stand fully answered, rejected and denied therein. “This [tariff review] development also boosted positive sentiment for KE shares in the stock market,” Ashraf said. Alvi’s resignation as KE CEO Alvi was appointed KE CEO in June 2018. He was reappointed as the CEO in July 2025. He joined KE in 2008 and has served as the company’s Chief Financial Officer and also held the roles of Company Secretary and Head of Treasury. In July 2025, Sindh Ombudsman ordered to remove Alvi from his position of K-Electric’s CEO, over his alleged involvement in a case pertaining to workplace harassment. Alvi termed the ombudsman’s decision “deeply distressing” for him, saying the findings did not reflect the truth of the situation as he experienced it. The SHC suspended the Ombudsman’s order within a day. Alvi later filed a Representation (Appeal) against the Ombudsman’s order before the office of the Governor of Sindh. His resignation came despite Governor Sindh having set aside Ombudsman’s order. “After 18 years with K-Electric, including almost 8 as CEO, I have decided to step down. “It has been an honour to serve an institution so central to Karachi’s life, alongside some of the most resilient and committed professionals I know. I will support a smooth transition,” he wrote in a post on X. According to sources, three candidates have been shortlisted for the position and a board meeting of KE is expected in the coming week, likely Tuesday (February 10) to decide the way forward. [...]

Pakistan rupee registers marginal gain against US dollar
February 6, 2026 3:47
Pakistan rupee registers marginal gain against US dollar

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280.01, 280.0, 279.97, 279.96, 279.95, 279.92, 279.91, 279.90, 279.87, 279.86, 279.85, 279.82, 279.81, 279.80, 279.77, 279.76, 279.75, 279.72, 279.71 ], borderColor: 'black', borderWidth: 1, fill: false, pointRadius: 3 }] }, options: { responsive: true, plugins: { legend: { display: false } }, scales: { x: { title: { display: true, text: 'Date' } }, y: { title: { display: true, text: 'Closing Rate' } } } } }); The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 279.71, a gain of Re0.01 against the greenback. On Wednesday, the local unit closed at 279.72, according to the State Bank of Pakistan (SBP). The central bank remained closed on Thursday in observance of the Kashmir Day holiday. Internationally, the US dollar steadied near a two-week high on Friday, poised for its strongest weekly performance since November as a rout in stocks driven by AI-spending concerns rattled investors, while the yen firmed ahead of a national election on Sunday. The dollar has strengthened since President Donald Trump nominated Kevin Warsh as the next Federal Reserve Chair last week as markets expect him not to push a lot for rate cuts, easing some worries about central bank independence. The sharp sell-off in technology stocks this week comes as investors fret about the massive spending on artificial intelligence as well as the cascading impact of fast-advancing AI tools that could upend various sectors. The risk aversion has helped the dollar despite US Treasury yields sliding after economic data pointed to a weaker-than-expected jobs market ahead of next week’s highly anticipated payrolls report for January. The dollar index , which measures the US currency against six other units, was at 97.961, hovering near the highest since January 23. The index is set for a 1% increase for the week, its steepest rise since the middle of November. Oil prices, a key indicator of currency parity, fell on Friday as investors assessed talks between the United States and Iran that took place in Oman amid fears of another supply-disrupting Middle East conflict. Brent crude futures fell 55 cents, or 0.8%, to $67.00 a barrel by 1410 GMT, while US West Texas Intermediate crude was down 60 cents, or 1%, at $62.69 a barrel. Brent was down 5.2% on the week, while WTI had lost 3.7%. Inter-bank market rates for dollar on Friday BID Rs 279.71 OFFER Rs 279.91 Open-market movement In the open market, the PKR gained 2 paise for buying and 1 paisa for selling against USD, closing at 280.23 and 280.75, respectively. Against Euro, the PKR gained 76 paise for buying and 78 paise for selling, closing at 330.20 and 333.10, respectively. Against UAE Dirham, the PKR lost 1 paisa for buying and 5 paise for selling, closing at 76.50 and 77.25, respectively. Against Saudi Riyal, the PKR remained unchanged for buying and lost 4 paise for selling, closing at 74.82 and 75.41, respectively. Open-market rates for dollar on Friday BID Rs 280.23 OFFER Rs 280.75 [...]

Canada loses 24,800 jobs, but January unemployment rate hits 16-month low
February 6, 2026 3:27
Canada loses 24,800 jobs, but January unemployment rate hits 16-month low

OTTAWA: Canada unexpectedly lost 24,800 jobs in January but the unemployment rate dipped to a 16-month low of 6.5% as fewer people looked for work, Statistics Canada indicated on Friday. Analysts had forecast a gain of 7,000 jobs and for the unemployment rate to remain unchanged at 6.8%. Full-time employment in January rose by 44,900 jobs while part time employment fell by 69,700 positions. The unemployment rate - the lowest since the 6.5% recorded in September 2024 - fell across most major demographic groups, largely reflecting declines in the number of job searchers. The Bank of Canada says the labor market is softening after the economy added a total of 181,000 new jobs from September through November. Canada created 10,100 jobs in December. The manufacturing sector lost 27,500 positions in January, most of them in the industrial heartland of Ontario, where some key industries have been hit by U.S. tariffs. “These trends will likely continue as … employees of U.S. trade-exposed industries begin to leave their jobs at higher rates than employees of other industries,” said Joshua Grundleger, a director at Fitch Ratings. Overall job losses in the manufacturing, educational services and public administration sectors outweighed gains in the information, business, agriculture and utilities sectors. The employment rate in January fell 0.1 percentage points to 60.8%, the first such decline since August 2025. The average hourly wage of permanent employees - a gauge closely tracked by the Bank of Canada to ascertain inflationary trends - dipped to a seven-month low of 3.3%, down from the 3.7% recorded in December. The central bank held its key policy rate steady at 2.25% last week and said this was about the right level to keep inflation close to its 2% target. Money markets expect rates to stay on hold for the rest of the year. “One report is unlikely to move the needle for the Bank of Canada. The unemployment rate suggests the labor market is better than expected – but not necessarily tight,” said Andrew Hencic, senior economist at TD Economics. The Canadian dollar edged up to C$1.3657 to the U.S. dollar, or 73.22 U.S. cents, from C$1.3668, or 73.16 U.S. cents. [...]

Some UAE companies pull out of Saudi defence show as Gulf rift spills into business
February 6, 2026 2:52
Some UAE companies pull out of Saudi defence show as Gulf rift spills into business

DUBAI: Some UAE companies have pulled out of a major defence show taking place in Saudi Arabia, two sources with direct knowledge of the matter told Reuters, the latest sign that a rift between the two Gulf oil powers is seeping into business interests. The World Defense Show is set to take place in the Saudi capital of Riyadh from February 8-12. It was not immediately clear if all the UAE participants involved in the country pavilion had withdrawn. There was no immediate comment by the UAE foreign ministry or the Saudi government media office on the matter. Trickle down effect Once the twin pillars of regional security, the two Gulf heavyweights Saudi Arabia and the UAE have seen their interests diverge on everything from oil quotas to geopolitics. Their disagreements came out into the open in December when an advance by a UAE-backed southern Yemeni Houthis brought it too close to Saudi borders for comfort and quickly escalated to a Saudi-led coalition strike on a UAE-linked weapons shipment at the port of Mukalla. Saudi Arabia pledges $500 million Yemen development after UAE withdrawal The UAE has since withdrawn all its forces from Yemen but tensions have grown with Saudi Arabia alleging the UAE had helped a main Yemeni separatist figure escape through Somalia. The UAE withdrawal from a major annual defence event shows the disagreement between the two oil powers could spill over into the many trade and investment relations that bind them together. While cross-border dealmaking remains largely unaffected for now, tensions are starting to trickle down to the business community which has been quietly preparing for potential disruptions even as day-to-day commerce continues, two Gulf-based business sources have said. [...]

Iran, US nuclear talks in Oman were a good start, Iran’s top diplomat says
February 6, 2026 2:43
Iran, US nuclear talks in Oman were a good start, Iran’s top diplomat says

MUSCAT/DUBAI: High-stakes nuclear talks between Iran and the United States held in Oman on Friday were a good beginning and will continue, Iranian Foreign Minister Abbas Araqchi said. “It was a good start to the negotiations. And there is an understanding on continuing the talks. Coordination on how to proceed will be decided in the capitals,” Araqchi told Iranian state TV. Officials from both sides will return home for consultations and “the wall of mistrust” should be overcome, he added. Iran, US to negotiate in Oman amid deep rifts and mounting war fears While both sides have indicated readiness to revive diplomacy over Tehran’s long-running nuclear dispute with the West, Washington wanted to expand the talks to cover Iran’s ballistic missiles, support for armed groups around the region and “treatment of their own people”, U.S. Secretary of State Marco Rubio said on Wednesday. Iranian officials have repeatedly said they will not discuss Iran’s missiles – one of the biggest such arsenals in the region – and have said Tehran wants recognition of its right to enrich uranium. For Washington, carrying out enrichment inside Iran is a red line. [...]

SBP-held foreign exchange reserves rise $56m to $16.16bn
February 6, 2026 2:40
SBP-held foreign exchange reserves rise $56m to $16.16bn

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $56 million during the week ended January 30, 2026, reaching $16.16 billion, according to data released by the central bank on Friday. The country’s total liquid foreign reserves stood at $21.34 billion as of January 30. Read More: SBP-held reserves rise by $13m to $16.10 billion A breakup of the reserves position shows that foreign reserves held by the SBP amounted to $16.16 billion, while net foreign reserves held by commercial banks were recorded at $5.18 billion. “During the week ended on 30-Jan-2026, SBP’s FX reserves increased by US$56 million to US$16,157.2 million,” the central bank said in its statement. [...]

SBP revises up projection for workers’ remittances to $42bn in FY26
February 6, 2026 2:32
SBP revises up projection for workers’ remittances to $42bn in FY26

State Bank of Pakistan (SBP) Governor Jameel Ahmad has revised up its projection for the cumulative inflows of workers’ remittances to $42 billion in the ongoing fiscal year 2025-26, expecting the inflows would soar to new highs ahead the two upcoming Eids falling in March-June 2026. Briefing media at the central bank’s head office in Karachi on Friday, Ahmad anticipated the inflows to reach $42 billion in the year under review against the central bank January 2026’s projection of around $41 billion in FY26, as overseas Pakistanis send significant amounts of remittances to their family and friends in the months falling around Eid-Ul-Fitr and Eid-Ul-Adha in the country. “We can expect higher remittances as two Eids are falling head [in FY26],” he said. Also read: Pakistan’s current account posts $244mn deficit in December 2025 Historical trends suggest the inflows peak around the Eid months. It hit an all-time high at $4.05 billion in March 2025 - the month when Eid-Ul-Fitr fell around last year, according to the central bank’s data. The remittances surged 26% to record high $38.3 billion in FY25 compared to $30.3 billion in FY24. Ahamd said the work on integration of Pakistan’s digital payment infrastructure with the Arab world’s Buna platform - a cross-border payment system in multiple currencies - had almost been completed. “This will soon be launched, enabling Pakistanis living in the Arab world countries to send workers’ remittances swiftly to Pakistan and contribute towards enhanced inflows ahead.” “Pakistan is also in talks with Saudi Arabia and UAE to integrate its digital payment system with the two GCC countries,” he added. UAE and Saudi Arabia are the two countries where more than 70% Pakistani expatriates live and send the highest volume of remittances to Pakistan compared to from other parts of the world. The integration is expected to ensure speedy and improved inflows of workers remittances from there to Pakistan, it was learnt. Exports outlook improve, but remain negative The central bank chief Ahmad further said the SBP had also revised up its projection for exports, expecting that exports would remain better than the central bank’s January 2026’s projection of 6% contraction in FY26. The exports would improve in the wake of the recent Prime Minister’s package to exporters. Last week, PM Shehbaz Sharif announced a reduction of three percentage points in export refinance scheme to 4.5% from 7.5%; cut electricity charges by Rs4.04 per unit; and brought electricity wheeling charges below Rs9 per unit for the industry. “The package is expected to improve the export of rice from Pakistan in FY26. The rice exports are expected to remain above $2 billion in the ongoing fiscal year compared to the SBP previous projection for around $2 billion for the year [before the PM package announced],” Ahmad said, recalling the rice exports stood at around $3.3-3.4 billion in the previous year. Pakistan rice exports hit the high following India banning rice exports to the world, which largely benefited the Pakistani rice exporters in the year. India has returned to the rice export market this year. [...]

Sialkot Stallionz confirm four pre-signings ahead of PSL 11
February 6, 2026 2:23
Sialkot Stallionz confirm four pre-signings ahead of PSL 11

Sialkot Stallionz on Friday confirmed the pre-signings of four players across multiple categories ahead of the Pakistan Super League (PSL) 11 player draft. The franchise has secured Mohammad Nawaz in the Platinum category, while fast bowler Salman Mirza has been picked in the Diamond category. Ahmed Danial has been signed in the Gold category, whereas Saad Masood joins the side as an Emerging player. Read More: Lahore Qalandars confirm Mustafizur Rahman as direct signing for PSL 11 With these announcements, Sialkot Stallionz become the latest team to reveal their retained core before the upcoming draft. So far, five PSL franchises have officially announced their retentions and pre-signings, while Multan Sultans opted to release all players, choosing to rebuild their squad entirely through the draft. Hyderabad remain the only franchise yet to announce their pre-signings. The PSL 11 player draft is scheduled for February 11, where franchises will complete their squads. The tournament itself is set to begin on March 26, marking another edition of Pakistan’s premier T20 competition. [...]

Pakistan economy to remain in stabilisation phase over next two years: SBP governor
February 6, 2026 1:57
Pakistan economy to remain in stabilisation phase over next two years: SBP governor

State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Friday the country’s economy would continue to remain in the recovery and stabilisation phase over the next two years, instead of attempting to achieve high growth that would be unsustainable under the provided conditions. Briefing media on the domestic economy and the outlook, the central bank chief said policies and actions implemented by the government and the SBP would determine whether the current International Monetary Fund (IMF) loan programme would be last for Pakistan. The current $7 billion IMF loan programme under the Extended Fund Facility (EFF) will get concluded in September–October 2027. This is the 24th IMF programme for Pakistan in the past seven decades - since 1958. The governor maintained the domestic economy has continued to remain stable and improved gradually over the past three years, leading towards achieving sustainable growth, going forward. “Whatever we will do, we will do to sustain this [stabilisation] momentum. We will continue to maintain the momentum over the next two year,” Ahmad said “Going forward, no balance of payment issues are seen arising. The ongoing fiscal year will also end in good condition [in terms of the balance of payment] despite rising import bills and contraction in exports. The foreign debt repayments are expected to be made on time, foreign exchange (FX) reserves are projected to grow, and the current account deficit is expected to remain manageable in the year [FY27],” he said. The SBP has projected the current account deficit would remain in the range of 0-1% of GDP. “In my personal opinion, the current account deficit would remain below or around half-a-percentage points of GDP,” Ahmad said. The inflation reading is expected to remain in the targeted range of 5-7%. The rising inflows of workers’ remittances - that are projected to surge to $42 billion FY26 from $38.3 billion in FY25 - would help boost the foreign exchange reserves. Also read: Inflation in Pakistan clocks in at 5.8% in January 2026 Earlier in January 2026, Ahmad said the FX reserves (held by SBP) would hit a new all-time high at $20.20 billion by end of December 2026 from $16.2 billion at present. Ahamad recalled on Friday that the central bank sold US dollars worth $8 billion in the inter-bank market in the fiscal year 2021-22 to meet the then market requirements, washing away a big portion of the central bank FX reserves to support the then unsustainable growth. This had resulted in a record high current account deficit of 4.7% of GDP (or $17.6 billion) in FY22, forcing the government and the SBP to take harsh measures to fix the then economy, which resulted into controlling imports and took inflation reading to multi-decade high of 38% in May 2023. He said the nation could achieve a high growth of 6% again. However, that would not be sustainable under the provided conditions and circumstances. “We will avoid repeating the past mistakes [of utilising FX reserves for unsustainable high growth], but would make attempts to achieve the high growth in gradual manners and with sustainability,” he central bank chief said. [...]

India’s NSE reports higher sequential profit on recovery in derivatives trading
February 6, 2026 1:31
India’s NSE reports higher sequential profit on recovery in derivatives trading

The National Stock Exchange of India reported a sequential rise in quarterly profit on Friday, helped by a recovery in derivatives trading volumes, as the country’s largest bourse moves closer to a long-awaited IPO. Consolidated profit after tax rose 15% to 24.08 billion rupees ($265.5 million) for the quarter ended December 31. Activity in India’s derivatives market had slumped after the markets regulator tightened futures and options trading rules in late 2024 to curb speculative activity, raising costs and denting participation, particularly among retail investors. For the third quarter, however, NSE reported a sequential improvement in volumes across both the equity cash market and derivatives segments, although they remained lower than a year earlier. India’s National Stock Exchange IPO gains regulatory approval, NSE says Average daily volumes in equity futures increased 8% quarter-on-quarter, while equity options volumes rose 15%. Despite the recovery, volumes were still down 12% and 13%, respectively, from a year earlier. Average daily volumes in the cash market rose 3% from the second quarter. NSE’s consolidated revenue from operations rose nearly 7% from the September quarter but declined about 10% from a year earlier. Profit for the third quarter was down 37% year-on-year. In January, the stock exchange, which has been embroiled in litigation with the country’s market regulator since 2019, received approval to proceed with its IPO. [...]

Sri Lankan shares log second straight week of losses
February 6, 2026 1:27
Sri Lankan shares log second straight week of losses

Sri Lankan shares closed marginally up on Friday, but logged the second straight week of losses, as gains in health care stocks offset losses in communications services. The CSE All-Share index settled 0.14% higher at 23801.96 points. Health care stocks were up 1.89%; Communications Services stocks down 1.22% ACME Printing and Packaging and Industrial Asphalts (Ceylon) were the top percentage gainers on the index, up 50% and 25%, respectively, on the day. Trading volume on the index fell to 311.1 million shares from 441.2 million in the previous session. The equity market’s turnover dipped to 9.09 billion Sri Lankan rupees ($29.38 million) from 11.11 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 2.51 billion rupees, while domestic investors were net buyers, purchasing shares worth 8.88 billion rupees, the data showed. [...]

UAE shares slightly up as investors watch Iran-US talks
February 6, 2026 1:25
UAE shares slightly up as investors watch Iran-US talks

Stock markets in the United Arab Emirates closed slightly higher on Friday, as investors awaited news from Iran and the United States’ high-stakes negotiations regarding Tehran’s nuclear programme. Dubai’s main market extended gains to the 5th straight session, rising 0.2% to its highest level since early 2006. The negotiations between Iran and the U.S. mediated by Oman started on Friday. While both sides have indicated readiness to revive diplomacy over Tehran’s long-running nuclear row with the West, Washington wants to expand the talks to cover Iran’s ballistic missiles, support for armed groups around the region and “treatment of their own people”, U.S. Secretary of State Marco Rubio said on Wednesday. Abu Dhabi’s benchmark index edged up 0.1%, supported by a 0.8% increase in real estate developer Aldar Properties and a 0.5% hike in Adnoc Gas ahead of its earnings expected later in the day. However, Sharjah-based Dana Gas declined 3.3% after the firm reported a 14% drop in full-year profit and a 27% decline in annual revenue. Dubai index gained 4%, its biggest weekly rise since June last year, while Abu Dhabi posted weekly gains of 2.7%, according to LSEG data. Toll operator Salik Company climbed 2.2%, while state-run utility firm Dubai Electricity and Water Authority added 1.3%. Oil prices - a key catalyst for the Gulf’s financial markets - were up 0.1% at $67.63 a barrel by 1141 GMT. [...]

Zimbabwe agrees a staff-monitored programme with the IMF
February 6, 2026 1:20
Zimbabwe agrees a staff-monitored programme with the IMF

HARARE/JOHANNESBURG: Zimbabwe has agreed a staff-monitored programme with the International Monetary Fund, a senior official said on Friday, a tentative first step on the way to a closer engagement with the Fund and an eventual loan programme. A staff-monitored programme is an informal agreement between a country and the IMF that can open the door to financial support from the Fund, help restart one that has gone off track, or enable repeat access to emergency assistance. George Guvamatanga, a senior Finance Ministry official, told Reuters that Zimbabwe’s authorities were aiming for a 10-month staff-monitored programme starting next month “if all processes can be completed in time”. “The programme is to consolidate current fiscal and monetary policy reforms,” he said. An SMP does not entail financial assistance or endorsement by the IMF’s Executive Board. “The SMP is intended to establish a credible track record that supports the authorities’ re-engagement efforts and complements their broader strategy toward arrears clearance and debt restructuring, including eventual access to external concessional financing,” said IMF mission chief Wojciech Maliszewski in a statement. Decades of hyperinflation Zimbabwe, which has endured decades of hyperinflation, currency volatility, and dependence on informal dollarized markets, has had previous staff-monitored programmes. The last one launched in May 2019 but was abandoned after the nation failed to stick to the lender’s recommendations. The Ministry of Finance has pointed to recent progress in the country’s macroeconomic backdrop. In January, the ministry said domestic currency inflation reached a milestone at the start of the year, with annual price growth slowing to 4.1%, while U.S. dollar inflation fell to 1% year-on-year. Data showed that by December 2025, the government had accumulated $1.2 billion in foreign asset reserves to back the Zimbabwe Gold (ZiG) currency, introduced in 2024 to restore monetary stability. But in order to secure much-needed fresh financing from international partners, Zimbabwe has to clear its arrears. Zimbabwe has been accumulating external arrears to its official creditors since the early 2000s, according to an October report by the IMF, which estimated arrears at $7.4 billion. The IMF, whose financing serves as an anchor for funding from other sources such as the World Bank, has said it is unable to give the Southern African country a funded programme until it clears its external arrears. Kepler-Karst Law Firm, a legal adviser to Zimbabwe, said the agreement on a staff-monitored programme was designed to bolster macroeconomic stability and establish a policy reform record. “This agreement serves as a critical step toward arrears clearance and debt resolution,” the firm said in a statement. [...]

Tarar says Imran Khan’s medical report shared with family
February 6, 2026 1:18
Tarar says Imran Khan’s medical report shared with family

Minister for Information and Broadcasting Attaullah Tarar on Friday said that a detailed medical report of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan had been shared with his family following concerns raised over his health. In a post on X (formerly Twitter), Tarar said the Leader of the Opposition had written a letter to the prime minister, while PTI leaders also approached the Supreme Court of Pakistan seeking a medical check-up of Imran Khan, who is currently serving sentences in Rawalpindi’s Adiala Jail. He said that on the directions of the Prime Minister’s Office, a comprehensive medical report was prepared by the Executive Director of the Pakistan Institute of Medical Sciences (PIMS). “The detailed report has been sent to the Superintendent of Central Jail Rawalpindi (Adiala) and has been handed over to the family,” Tarar added. Read More: Late-night hospitalisation of IK: PTI lawmakers slam Achakzai, others over lack of guidance The development comes amid renewed political debate and legal proceedings regarding the former prime minister’s health and incarceration. Earlier in the days, PTI had moved Supreme Court, seeking release of Imran Khan’s medical report. Last month, PTI said it had learned through credible reports that Khan had been diagnosed with central retinal vein occlusion in his right eye, resulting in a dangerous blockage affecting vision. PTI said medical experts who examined the former prime minister in jail had described the condition as highly sensitive and serious, warning that any delay in proper treatment could cause irreversible damage to his eyesight. [...]

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct
November 21, 2025 1:33
Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

This collage of pictures show Federal Minister of Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister Huzaifa Rehman. —APP/NA website/FileShow-cause notices have been issued to Minister for Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the... [...]

27th Amendment empowers FCC to hear all constitutional cases: minister
November 20, 2025 7:59
27th Amendment empowers FCC to hear all constitutional cases: minister

Minister of State for Law and Justice Barrister Aqeel Malik addressing an event on December 21, 2024. — Facebook@BarristerAqeelMalikState Minister for Law Aqeel Malik said on Thursday that the 27th Amendment has vested authority to hear constitutional matters in the Federal Constitutional... [...]

JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU
November 20, 2025 5:25
JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU

Pakistan Air Force JF-17 Thunder fighter jet during World Defence Air Show 2024 held in Riyadh, Saudi Arabia, February 7, 2024. — PPI Pakistan's JF-17 Thunder garnered significant attention at the Dubai Airshow 2025, leading to the signing of a memorandum of understanding with a... [...]

US lawmakers laud Punjab govt's initiative to modernise brick-kiln
November 20, 2025 4:39
US lawmakers laud Punjab govt's initiative to modernise brick-kiln

Punjab Chief Minister Maryam Nawaz attends ceremony in this undated image. — Facebook/@MaryamNSharifISLAMABAD: The Congressional Pakistan Caucus has applauded Punjab’s drive to modernise its brick-kiln sector, saying the reforms could serve as a pilot for eliminating bonded labour and... [...]

Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR
November 20, 2025 4:38
Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR

Frontier Constabulary and army personnel gather stand guard in Kurram, January 17, 2025. — AFPSecurity forces killed 30 Indian proxy Fitna al-Khawarij terrorists during multiple intelligence-based operations carried out by security forces in Khyber Pakhtunkhwa , the military's media wing... [...]

MQM-P calls for new province in Sindh
November 20, 2025 3:56
MQM-P calls for new province in Sindh

Muttahida Qaumi Movement-Pakistan Convener Khalid Maqbool Siddiqui addresses a press conference in Karachi, November 20, 2025. — Screengrab via YouTube/Geo NewsKARACHI: With discussions on the 28th Amendment gaining momentum, the Muttahida Qaumi Movement–Pakistan has once again... [...]

US report validates Pakistan military edge over India: PM
November 20, 2025 3:55
US report validates Pakistan military edge over India: PM

Prime Minister Shehbaz Sharif addresses ceremony in Azad Jammu and Kashmir on November 20, 2025. — X/@GovtofPakistanPrime Minister Shehbaz Sharif on Thursday said a recent US report endorsing Pakistan’s downing of Indian aircraft stands as formal validation of the country’s... [...]

Banned TTP poses serious threat to Pakistan security: UNSC panel
November 20, 2025 10:24
Banned TTP poses serious threat to Pakistan security: UNSC panel

Denmark’s Deputy Permanent Representative to United Nations and chair of UNSC's ISIL, Al-Qaeda Sanctions Committee Sandra Jensen Landi. — Screengrab via UN WebTV websiteThe chair of the United Nations Security Council's Daesh and Al-Qaeda Sanctions Committee has cautioned that the... [...]

CM Afridi clarifies remarks on by-poll after ECP requests army deployment
November 20, 2025 10:01
CM Afridi clarifies remarks on by-poll after ECP requests army deployment

Khyber Pakhtunkhwa Chief Minister Sohail Khan Afridi addresses a gathering at Havelian, Abbottabad on November 19, 2025. — Facbook@ImMuhammadSohailAfridiISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Thursday issued a clarification concerning his remarks on the NA-18 by-poll,... [...]

Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone
November 20, 2025 6:16
Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone

People sit at a coffee shop as they wait for their flight at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. — ReutersDUBAI: Dubai International Airport handled 3.2 million passengers travelling from Pakistan in the first nine months of 2025, making the... [...]

Security forces kill 23 Indian proxy terrorists in KP's Kurram
November 20, 2025 5:08
Security forces kill 23 Indian proxy terrorists in KP's Kurram

Security forces are seen taking position during an operation. — ISPR/FileRAWALPINDI: Amid country's ongoing fight against the menace of terrorism, security forces have neutralised 23 Indian proxy Fitna al-Khawarij terrorists in separate engagements in Khyber Pakhtunkhwa's Kurram... [...]

Pakistan to construct island to boost oil exploration: report
November 19, 2025 6:26
Pakistan to construct island to boost oil exploration: report

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas United States. — Reuters/FilePakistan's state-owned energy company, Pakistan Petroleum Limited , has announced plans for an artificial island to boost its oil exploration efforts.Islamabad has intensified its... [...]

Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy
November 19, 2025 6:14
Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy

Russia's ambassador to Pakistan has extended his country's offer to mediate Islamabad's conflicts with India and Afghanistan, amid strained relations with its neighbouring countries.Islamabad's relations with India have remained tense since the four-day war in May, while the Afghan Taliban regime... [...]

Security forces neutralise four terrorists in KP IBOs
November 19, 2025 5:12
Security forces neutralise four terrorists in KP IBOs

Soldiers ride on a Pakistan Army vehicle in this undated image. — AFP/FileFour terrorists affiliated with Indian proxy, Fitna al-Khawarij, were killed in a series of operations across Khyber Pakhtunkhwa from November 17 to 18, the Inter-Services Public Relations said on Wednesday.An... [...]

Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail
November 19, 2025 4:38
Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail

Supreme Court's Justice Jamal Khan Mandokhail addresses an event related to Labour Day in Islamabad on May 1, 2025. — Screengrab/YouTube/Geo NewsISLAMABAD: Justice Jamal Khan Mandokhail has released a detailed dissent in the reserved seats case, stating that the ruling on 41 candidates... [...]

Epstein ties: UK police search properties in probe into Peter Mandelson
February 6, 2026 6:45
Epstein ties: UK police search properties in probe into Peter Mandelson

British police searched two addresses linked to Peter Mandelson in their probe into misconduct in public office, following reports about the close ties between the former ambassador and late sex offender Jeffrey Epstein.According to Reuters, reports about the extent of Mandelson's links to Epstein... [...]

Three killed, several injured after car crashes straight into Los Angeles supermarket
February 6, 2026 5:35
Three killed, several injured after car crashes straight into Los Angeles supermarket

Three killed after car crashes straight into Los Angeles supermarket/Credit: CBS LAA routine afternoon shop turned into a scene of chaos in Los Angeles after a car tore into the front of a busy supermarket, killing three people and leaving several others fighting for their lives.According to CBS... [...]

Inside Jeffrey Epstein's troubling final days before suicide
February 6, 2026 4:12
Inside Jeffrey Epstein's troubling final days before suicide

Inside Jeffrey Epstein's troubling final days before suicideJeffrey Epstein’s mental state appeared to unravel in the days before he was found dead in his Manhattan jail cell, with new records describing the disgraced financier as restless, paranoid and struggling to cope behind... [...]

Woman, five others accused of plot to kill judge 'to free jailed lover'
February 6, 2026 2:00
Woman, five others accused of plot to kill judge 'to free jailed lover'

Woman, five others accused of plot to kill judge 'to free jailed lover'A young woman allegedly helped orchestrate a plot to assassinate a sitting judge in a bid to free her boyfriend from looming prison time, financing and planning what prosecutors describe as a calculated campaign of... [...]

Japan's cherry blossom festival canceled in Fujiyoshida; Here's what to know
February 6, 2026 12:55
Japan's cherry blossom festival canceled in Fujiyoshida; Here's what to know

Japan’s cherry blossom festival canceled in Fujiyoshida; Here’s what to knowIn a surprising move on February 6, authorities in Fujiyoshida announced the cancellation of the iconic Mount Fuji Cherry Blossom Festival at Arakurayama Sengen Park. The decision marks a significant shift in... [...]

Florida state employee jailed for over $1.5m fake claims scam
February 6, 2026 12:05
Florida state employee jailed for over $1.5m fake claims scam

Florida state employee jailed for over $1.5m fake claims scamA Florida state employee has been jailed after allegedly masterminding a sprawling fraud scheme that siphoned over $1.5 million from government funds by approving hundreds of bogus claims.Briana McCarthy, who worked as a Risk Management... [...]

North Korea executes teens over 'Squid Game' as K-Pop crackdown intensifies
February 6, 2026 11:39
North Korea executes teens over 'Squid Game' as K-Pop crackdown intensifies

North Korea executes teens over ‘Squid Game’ as K-Pop crackdown intensifiesNorth Korea has waged a brutal crackdown on K-pop TV shows and dramas as the regime is blamed for carrying out the executions of teenagers over watching Netflix show Squid Game. According to Amnesty... [...]

Hong Kong media tycoon 'Jimmy Lai' to be sentenced on Feb. 9: How the world sees it
February 6, 2026 9:13
Hong Kong media tycoon 'Jimmy Lai' to be sentenced on Feb. 9: How the world sees it

Hong Kong media tycoon Jimmy Lai to be sentenced on Feb. 9: How the world sees it Hong Kong ex-media tycoon Jimmy Lai is near to his sentenc [...]

Australia, Indonesia sign new security pact to strengthen ties
February 6, 2026 7:43
Australia, Indonesia sign new security pact to strengthen ties

Australia, Indonesia sign new security pact to strengthen tiesIndonesia and Australia signed a security treaty on Friday, February 6, 2026, that commits them to consult each other if either country is threatened, President Prabowo Subianto said after a meeting with Australian Prime Minister... [...]

Trump declares 'complete endorsement' of Sanae Takaichi ahead of crucial snap election
February 6, 2026 7:29
Trump declares 'complete endorsement' of Sanae Takaichi ahead of crucial snap election

Trump declares ‘complete endorsement’ of Sanae Takaichi ahead of crucial snap electionUS President Donald Trump has issued a “complete and total endorsement” ahead of Japan's snap general election this Sunday, February 8. It has been seen as a rare move for US presidents to... [...]

Bitcoin crashes below $63K as regulatory pressure and market fears grow
February 6, 2026 6:19
Bitcoin crashes below $63K as regulatory pressure and market fears grow

Bitcoin crashing concerns are growing after the world’s largest cryptocurrency fell to about $63,000 on Thursday, marking its lowest level in more than a year and nearly half of its all time high of $126,000 reached in October 2025, according to market data reported by Coinbase and... [...]

Trump unveils TrumpRx, pledging world's 'lowest' prescription drugs prices
February 6, 2026 5:36
Trump unveils TrumpRx, pledging world's 'lowest' prescription drugs prices

Trump unveils TrumpRx, pledging world’s ‘lowest’ prescription drugs pricesThe Trump administration has launched a website named TrumpRx in a bid to lower the prices on prescription drugs and provide the Americans with better and affordable health services. The initiative was... [...]

Canadian federal government employees face new return to office rules this summer
February 6, 2026 4:11
Canadian federal government employees face new return to office rules this summer

New rules will require many Canadian federal government employees to spend more time working in person, with the Treasury Board of Canada announcing a phased return to office plan beginning this spring.According to a letter posted online, government executives will be expected to return to the... [...]

Toronto Pearson Airport chase caught on camera in trafficking case
February 6, 2026 3:30
Toronto Pearson Airport chase caught on camera in trafficking case

New video released in court appears to show a dramatic chase and takedown at Toronto Pearson International Airport, highlighting a major security incident that led to a nine year prison sentence, according to reporting by CTV News Toronto.The footage, entered as evidence in a Brampton Superior... [...]

Teacher charged in ex-student romance hours after graduation
February 5, 2026 8:07
Teacher charged in ex-student romance hours after graduation

Teacher charged in ex-student romance hours after graduationA Nebraska high school teacher is facing up to 20 years in prison after authorities say he began a relationship with a former student just weeks after she graduated - violating a state law meant to protect teens from staff... [...]

اسلام آباد دھماکا: پشاور میں خودکش حملہ آور کے گھر پر چھاپا، 2 بھائی، خاتون گرفتار
February 6, 2026 7:02
اسلام آباد دھماکا: پشاور میں خودکش حملہ آور کے گھر پر چھاپا، 2 بھائی، خاتون گرفتار

فوٹو: این این آئیاسلام آباد میں خود کش حملہ کرنے والے کے گھر پر پولیس نے چھاپا مارا ہے، پشاور میں مارے جانے والے چھاپے کے دوران خودکش... [...]

ٹیسٹ پاس کرنے کے باوجود 50 ہزار طلبا میڈیکل کالجز میں داخلے سے محروم رہ جاتے ہیں، مصطفیٰ کمال
February 6, 2026 6:02
ٹیسٹ پاس کرنے کے باوجود 50 ہزار طلبا میڈیکل کالجز میں داخلے سے محروم رہ جاتے ہیں، مصطفیٰ کمال

وفاقی وزیرِ صحت سید مصطفیٰ کمال نے کہا ہے کہ 50 ہزار سے زائد طلبا ایم ڈی کیٹ ٹیسٹ پاس کرنے کے باوجود میڈیکل کالجز میں داخلے سے محروم رہ... [...]

پرکاش راج نے اے آر رحمان تنازع پر کنگنا رناوت کو بالواسطہ جواب دیدیا
February 6, 2026 5:02
پرکاش راج نے اے آر رحمان تنازع پر کنگنا رناوت کو بالواسطہ جواب دیدیا

نامور بھارتی اداکار پرکاش راج نے موسیقار اے آر رحمان سے متعلق حالیہ تنازع پر بات کی اور اداکارہ کنگنا رناوت کو بالواسطہ جواب... [...]

اسلام آباد حملہ، پیوٹن کے صدر زرداری اور وزیراعظم کو تعزیتی خطوط
February 6, 2026 5:02
اسلام آباد حملہ، پیوٹن کے صدر زرداری اور وزیراعظم کو تعزیتی خطوط

روسی صدر پیوٹن۔ روسی صدر پیوٹن نے صدر آصف علی زرداری اور وزیراعظم شہباز شریف کو تعزیتی خطوط ارسال کیے ہیں۔روسی صدر نے کہا کہ مذہبی... [...]

اپوزیشن وفد کی مولانا فضل الرحمان سے ملاقات، پر امن احتجاج کا فیصلہ کیا ہے، اچکزئی
February 6, 2026 5:02
اپوزیشن وفد کی مولانا فضل الرحمان سے ملاقات، پر امن احتجاج کا فیصلہ کیا ہے، اچکزئی

فائل فوٹو۔اپوزیشن کے وفد نے جے یو آئی کے سربراہ مولانا فضل الرحمان سے اسلام آباد میں ملاقات کی۔ ملاقات کے بعد گفتگو کرتے ہوئے... [...]

خودکش حملہ آور پاکستانی شہری تھا، خواجہ آصف
February 6, 2026 5:02
خودکش حملہ آور پاکستانی شہری تھا، خواجہ آصف

فائل فوٹووزیر دفاع خواجہ محمد آصف نے کہا ہے کہ اسلام آباد میں خودکش حملہ کرنے والا پاکستانی شہری تھا۔ جو کچھ عرصہ قبل افغانستان... [...]

کراچی: لانڈھی ایکسپورٹ پراسیسنگ زون میں فیکٹری میں آگ لگ گئی، ریسکیو حکام
February 6, 2026 4:02
کراچی: لانڈھی ایکسپورٹ پراسیسنگ زون میں فیکٹری میں آگ لگ گئی، ریسکیو حکام

فوٹو: اسکرین گریبکراچی کے علاقے لانڈھی ایکسپورٹ پراسیسنگ زون میں فیکٹری میں آگ لگ گئی۔ حکام نے آگ کو تیسرے درجے کی قرار دے... [...]

دہشتگردی کے خاتمے کیلئے فوری اقدامات کیے جائیں، شاہد آفریدی
February 6, 2026 3:02
دہشتگردی کے خاتمے کیلئے فوری اقدامات کیے جائیں، شاہد آفریدی

شاہد آفریدی : فائل فوٹو پاکستان کرکٹ ٹیم کے سابق کپتان اور مایہ ناز آل راؤنڈر شاہد خان آفریدی نے اسلام آباد میں ہونے والے خودکش... [...]

اسلام آباد خودکش دھماکا، مجلس وحدت مسلمین کا 3 روزہ سوگ کا اعلان
February 6, 2026 3:02
اسلام آباد خودکش دھماکا، مجلس وحدت مسلمین کا 3 روزہ سوگ کا اعلان

فوٹو: جنگ مجلس وحدت مسلمین نے جامع مسجد و امام بارگاہ خدیجۃ الکبریٰ سانحہ پر 3 روزہ سوگ کا اعلان کردیا۔ علامہ صادق جعفری کا کہنا ہے... [...]

نیپرا نے فیول پرائس ایڈجسٹمنٹ مد میں بجلی مہنگی کردی
February 6, 2026 3:02
نیپرا نے فیول پرائس ایڈجسٹمنٹ مد میں بجلی مہنگی کردی

نیشنل الیکٹرک پاور ریگولیٹری اتھارٹی نے دسمبرکی فیول پرائس ایڈجسٹمنٹ کی مد میں فی یونٹ بجلی 28 پیسے مہنگی کردی۔نیپرا نے فیول پرائس... [...]

مریم نواز نے کل کی اپنی بسنت مصروفیات منسوخ کردیں
February 6, 2026 3:02
مریم نواز نے کل کی اپنی بسنت مصروفیات منسوخ کردیں

وزیراعلیٰ پنجاب مریم نواز نے کل کی اپنی بسنت کی تمام مصروفیات منسوخ کرنے کا اعلان کردیا۔ایک بیان میں مریم نواز نے لبرٹی اسکوائر پر کل... [...]

اسلام آباد واقعے میں ملوث دہشت گردوں کو جلد گرفتار کیا جائے گا، محسن نقوی
February 6, 2026 2:02
اسلام آباد واقعے میں ملوث دہشت گردوں کو جلد گرفتار کیا جائے گا، محسن نقوی

وزیر داخلہ محسن نقوی : فائل فوٹو وزیر داخلہ محسن نقوی کا کہنا ہے کہ اسلام آباد واقعے میں ملوث دہشت گردوں کو جلد گرفتار کیا جائے... [...]

حملے میں ملوث دہشتگرد کا افغانستان آنا جانا ثابت ہوا ہے، خواجہ آصف
February 6, 2026 2:02
حملے میں ملوث دہشتگرد کا افغانستان آنا جانا ثابت ہوا ہے، خواجہ آصف

وزیر دفاع خواجہ آصف : فائل فوٹو وزیر دفاع خواجہ آصف کا کہنا ہے کہ اسلام آباد حملے میں ملوث دہشت گرد کا افغانستان آنا جانا ثابت ہوا... [...]

سندھ حکومت کا کلچرل نائٹ میں موسیقی پروگرام منسوخ کرنے کا اعلان
February 6, 2026 2:02
سندھ حکومت کا کلچرل نائٹ میں موسیقی پروگرام منسوخ کرنے کا اعلان

سندھ حکومت نے اسلام آباد دھماکے کے شہداء کے لواحقین سے اظہار یکجہتی کےلیے کلچرل نائٹ موسیقی پروگرام منسوخ کردیا۔صوبائی حکومت نے... [...]

رنگ، نسل اور مذہب کی بنیاد پر تفریق کا خاتمہ کرنا ہوگا، بلاول بھٹو
February 6, 2026 1:02
رنگ، نسل اور مذہب کی بنیاد پر تفریق کا خاتمہ کرنا ہوگا، بلاول بھٹو

بلاول بھٹو۔چیئرمین پیپلز پارٹی بلاول بھٹو زرداری نے کہا کہ ہمارے خاندان نے جمہوریت کے لیے بہت قربانیاں دی ہیں، رنگ، نسل اور مذہب کی... [...]

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February 6, 2026 7:02
افغان وزارتِ خارجہ کی مسجد میں دھماکے کی مذمت

ترجمان افغان وزارتِ خارجہ— فوٹو:فائلافغان وزارتِ خارجہ نے اسلام آباد کی ایک مسجد میں نماز جمعہ کے دوران دھماکے کی مذمت کرتے ہوئے... [...]

بنگلادیش: امیر جماعت اسلامی کا بی این پی چیئرمین کو عوامی مباحثے کا چیلنج
February 6, 2026 5:02
بنگلادیش: امیر جماعت اسلامی کا بی این پی چیئرمین کو عوامی مباحثے کا چیلنج

فوٹو: بنگلادیشی میڈیا بنگلادیش جماعت اسلامی کے امیر ڈاکٹر شفیق الرحمان نے بی این پی کے چیئرمین طارق رحمان کو براہ راست عوامی مباحثہ... [...]

ڈونلڈ ٹرمپ نے بارک اوباما اور ان کی اہلیہ کی تضحیک آمیز ویڈیو شیئر کردی
February 6, 2026 4:02
ڈونلڈ ٹرمپ نے بارک اوباما اور ان کی اہلیہ کی تضحیک آمیز ویڈیو شیئر کردی

فوٹو: اے ایف پیامریکی صدر ڈونلڈ ٹرمپ نے سابق صدر بارک اوباما اور ان کی اہلیہ کی تضحیک آمیز ویڈیو شیئر کردی۔ڈونلڈ ٹرمپ نے جمعرات کی شب... [...]

اسلام آباد میں ہولناک حملہ افسوسناک اوردل دہلا دینے والا واقعہ ہے، برطانیہ
February 6, 2026 4:02
اسلام آباد میں ہولناک حملہ افسوسناک اوردل دہلا دینے والا واقعہ ہے، برطانیہ

  برطانوی وزیر خارجہ ایویٹ کوپر۔برطانوی وزیر خارجہ ایویٹ کوپر نے کہا ہے کہ اسلام آباد میں ہولناک حملہ انتہائی افسوسناک اور دل دہلا... [...]

ایران اور امریکا کا مذاکرات جاری رکھنے پر اتفاق، ماحول مثبت رہا، عباس عراقچی
February 6, 2026 3:02
ایران اور امریکا کا مذاکرات جاری رکھنے پر اتفاق، ماحول مثبت رہا، عباس عراقچی

تصویر سوشل میڈیا۔مسقط میں ہونے والے ایران امریکا مذاکرات ختم ہوگئے۔ ترجمان کے  ایرانی وزارت خارجہ نے کہا کہ فریقین نے مذاکرات کو... [...]

بھارت: معروف کاروباری شخصیت نے 17ویں منزل سے کود کر خودکشی کرلی
February 6, 2026 2:02
بھارت: معروف کاروباری شخصیت نے 17ویں منزل سے کود کر خودکشی کرلی

فوٹو: بھارتی میڈیاپونا میں ملتانی بیکری کے مالک نے ایک بلند عمارت سے چھلانگ لگا کر خود کشی کرلی۔ 60 سالہ سنیل موتی لال سدارنگانی معروف... [...]

اعلیٰ روسی فوجی افسر کو گولیاں مار کر زخمی کر دیا گیا، اسپتال منتقل
February 6, 2026 1:02
اعلیٰ روسی فوجی افسر کو گولیاں مار کر زخمی کر دیا گیا، اسپتال منتقل

لیفٹیننٹ جنرل ولادیمیر الیکسییف۔روس کی فوج کے ایک اعلیٰ افسر کو ماسکو میں کئی گولیاں مار کر زخمی کر دیا گیا۔ برطانوی میڈیا کے مطابق... [...]

ایک ایٹمی طاقت غیر معمولی پیمانے پر اپنے جوہری ہتھیاروں میں اضافہ کر رہی ہے، امریکی عہدیدار
February 6, 2026 11:02
ایک ایٹمی طاقت غیر معمولی پیمانے پر اپنے جوہری ہتھیاروں میں اضافہ کر رہی ہے، امریکی عہدیدار

فائل فوٹو  امریکا کے ایک اعلیٰ عہدیدار نے روس اور امریکا کے درمیان آخری جوہری اسلحہ کنٹرول معاہدے نیو اسٹارٹ پر شدید تنقید کرتے ہوئے... [...]

ٹوکیو: سفارت خانہ پاکستان میں یومِ یکجہتی کشمیر پر تصویری نمائش
February 6, 2026 9:02
ٹوکیو: سفارت خانہ پاکستان میں یومِ یکجہتی کشمیر پر تصویری نمائش

— تصویر بشکریہ رپورٹرجاپان کے دارالحکومت ٹوکیو میں سفارت خانہ پاکستان میں یومِ یکجہتیٔ کشمیر کے موقع پر ایک پُر وقار اور سنجیدہ... [...]

مقبوضہ کشمیر کے عوام کو مسلسل بھارتی جبر و تشدد کا سامنا ہے: کینیڈا میں ہائی کمشنر محمد سلیم
February 6, 2026 8:02
مقبوضہ کشمیر کے عوام کو مسلسل بھارتی جبر و تشدد کا سامنا ہے: کینیڈا میں ہائی کمشنر محمد سلیم

— تصویر بشکریہ رپورٹرکینیڈا میں تعینات پاکستانی ہائی کمشنر محمد سلیم نے کہا ہے کہ مقبوضہ کشمیر میں کشمیری عوام کو بھارت کی جانب سے... [...]

ہیوسٹن: یومِ یکجہتیٔ کشمیر، پاکستانی قونصل خانے میں پروقار تقریب
February 6, 2026 8:02
ہیوسٹن: یومِ یکجہتیٔ کشمیر، پاکستانی قونصل خانے میں پروقار تقریب

— تصویر بشکریہ رپورٹرکشمیری عوام کی جدوجہدِ آزادی کی غیر متزلزل حمایت کے اعادہ کے لیے امریکی ریاست ٹیکساس کے شہر ہیوسٹن میں... [...]

فلوٹیلا منتظمین کا اگلے ماہ غزہ کی ناکا بندی توڑنے کی ایک اور کوشش کرنے کا فیصلہ
February 6, 2026 7:02
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—فائل فوٹوسو کشتیاں اور ہزار سے زائد امدادی کارکن آئندہ ماہ غزہ کی ناکا بندی توڑنے کی ایک اور کوشش کریں گے۔گلوبل صمود فلوٹیلا کے... [...]

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February 6, 2026 7:02
ایران اور امریکا کے درمیان مذاکرات شروع

— فائل فوٹو ایران اور امریکا کے درمیان مذاکرات شروع ہو گئے۔ایرانی میڈیا کی رپورٹ کے مطابق ایرانی وفد کی نمائندگی ایرانی وزیرِ خارجہ... [...]

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February 6, 2026 6:02
نئی دہلی غیر محفوظ، روزانہ درجنوں افراد لاپتہ

—تصویر بشکریہ غیر ملکی میڈیابھارتی دارالحکومت نئی دہلی سے روزانہ درجنوں افراد لاپتہ ہو رہے ہیں۔بھارتی اخبار ہندوستان ٹائمز کے... [...]

ایرانی فوج ملکی دفاع کیلئے سفارتکاروں کے شانہ بشانہ کھڑی ہے: علی شامخانی
February 6, 2026 6:02
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ایرانی سپریم نیشنل سیکیورٹی کونسل کے سیکریٹری علی شامخانی—فائل فوٹوایرانی سپریم نیشنل سیکیورٹی کونسل کے سیکریٹری علی شامخانی نے... [...]

بجلی کے بنیادی ٹیرف میں کمی اور فکسڈ چارجز میں رد و بدل کا فیصلہ
February 6, 2026 6:02
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فائل فوٹو وفاقی حکومت نے بجلی کے بنیادی ٹیرف میں کمی اور فکسڈ چارجز میں رد و بدل کرنے کا فیصلہ کیا ہے، پاور ڈویژن نے وفاقی کابینہ کی... [...]

کراچی: صنعتوں اور سی این جی سیکٹر کیلئے 24 گھنٹے گیس بندش کا اعلان
February 6, 2026 10:02
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---فائل فوٹوکراچی میں صنعتوں اور سی این جی سیکٹر کے لیے 24 گھنٹے کی گیس بندش کا اعلان کر دیا گیا۔سوئی سدرن گیس کمپنی کے مطابق اتوار صبح 8... [...]

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February 6, 2026 9:02
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February 6, 2026 8:02
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---فائل فوٹورواں مالی سال کے پہلے 7 ماہ کے دوران تنخواہ دار طبقے نے کتنا ٹیکس ادا کیا ہے؟ اس حوالے سے رپورٹ سامنے آ گئی۔رواں مالی سال کے... [...]

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February 6, 2026 5:02
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February 4, 2026 9:02
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February 4, 2026 7:02
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---فائل فوٹوملک بھر میں سونے کی قیمتوں کی اونچی اڑان جاری ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق فی تولہ سونا 14... [...]

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February 4, 2026 5:02
پاکستان اسٹاک ایکسچینج میں تیزی، 1  لاکھ 88 ہزار کی حد بحال

---فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے تیسرے دن بھی تیزی دیکھی جا رہی ہے، جس کے باعث 1 لاکھ 88 ہزار کی حد پھر بحال ہو... [...]

حکومتی یقین دہانی پر پاکستان میں بسوں کی مینوفیکچرنگ ممکن ہے، صدر پاک جاپان بزنس کونسل
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حکومتی یقین دہانی پر پاکستان میں بسوں کی مینوفیکچرنگ ممکن ہے، صدر پاک جاپان بزنس کونسل

جاپانی اور چینی سرمایہ کاروں کے اشتراک سے پاکستان میں بھاری سرمایہ کاری لانے کی مکمل صلاحیت رکھتے ہیں،، رانا عابد حسین - فوٹو:... [...]

سونے کی قیمتوں کو پھر ٹاپ گیئر لگ گیا
February 3, 2026 9:02
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--فائل فوٹوملک بھر میں سونے کی قیمتوں کو پھر ٹاپ گیئر لگ گیا، فی تولے کا بھاؤ ایک بار پھر 5 لاکھ کراس کر گیا۔آل پاکستان صرافہ جیمز اینڈ... [...]

ایف بی آر نے پراپرٹی کے نئے سرکاری ریٹ جاری کر دیے
February 3, 2026 6:02
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—فائل فوٹوفیڈرل بورڈ آف ریونیو کی جانب سے پراپرٹی کے نئے سرکاری ریٹ جاری کر دیے گئے، جس کا نوٹیفکیشن بھی جاری کر دیا گیا۔نوٹیفکیشن... [...]

پاکستان اسٹاک ایکسچینج میں تیزی، 1 لاکھ 86 ہزار کی حد بحال
February 3, 2026 5:02
پاکستان اسٹاک ایکسچینج میں تیزی، 1 لاکھ 86 ہزار کی حد بحال

—فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے دوسرے دن تیزی دیکھی جا رہی ہے، جس کے باعث 1 لاکھ 86 ہزار کی حد بحال ہو گئی۔پی ... [...]

عالمی مارکیٹ میں سونے کی قیمت میں مسلسل کمی
February 2, 2026 6:02
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عالمی مارکیٹ میں سونے کی قیمت میں مسلسل کمی ہورہی ہے۔خبر ایجنسی کی رپورٹ کے مطابق عالمی مارکیٹ میں سونا 5.2 فیصد کم ہوکر 4613 ڈالر فی... [...]

پی ایس ایکس میں مثبت دن، 100 انڈیکس میں 883 پوائنٹس کا اضافہ
February 2, 2026 11:02
پی ایس ایکس میں مثبت دن، 100 انڈیکس میں 883 پوائنٹس کا اضافہ

--فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروبار کا مثبت دن رہا جہاں 100 انڈیکس میں 883 پوائنٹس کا اضافہ ہوا۔ پی  ایس ایکس بینچ مارک 100... [...]

وزیراعظم شہباز شریف اور صدر ورلڈ بینک کی ملاقات، تعاون بڑھانے پر اتفاق
February 2, 2026 9:02
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—تصویر بشکریہ سرکاری میڈیاوزیرِ اعظم شہباز شریف سے ورلڈ بینک گروپ کے صدر اجے بنگا کی ملاقات ہوئی ہے۔ملاقات میں وزیرِاعظم شہباز شریف... [...]

Jeep maker Stellantis facing worst-ever stock rout as it takes $26 billion hit over miscalculating EV demand
February 6, 2026 2:52
Jeep maker Stellantis facing worst-ever stock rout as it takes $26 billion hit over miscalculating EV demand

Shares of Stellantis are headed for their worst-ever day of trading after the carmaker announced a massive charge to reset its business. [...]

‘I love being debt-free’: I’m in my mid-50s and buying a house. Do I take out a $400K mortgage or use my Roth IRA?
February 6, 2026 2:46
‘I love being debt-free’: I’m in my mid-50s and buying a house. Do I take out a $400K mortgage or use my Roth IRA?

“I’ll fund $500,000 of that from the sale of my current house.” [...]

Novo Nordisk stock climbs out of hole on FDA chief’s threat to block Hims and Hers pill
February 6, 2026 2:41
Novo Nordisk stock climbs out of hole on FDA chief’s threat to block Hims and Hers pill

Novo Nordisk shares rallied on Friday in what’s still been a painful week as the Food and Drug Administration may weigh in on the side of the Danish drugmaker in its dispute over a copycat drug. [...]

A tech wreck has rattled markets. Why this battered S&P 500 sector could be primed for a bounce.
February 6, 2026 2:40
A tech wreck has rattled markets. Why this battered S&P 500 sector could be primed for a bounce.

A popular software ETF is now at extremely oversold levels, according to one measure [...]

Amazon’s stock drops as investors question whether $200 billion can buy an AI edge
February 6, 2026 2:10
Amazon’s stock drops as investors question whether $200 billion can buy an AI edge

It’s not just that Amazon is pouring tons of money into capital expenditures, notes an analyst. It’s that the company seems to be playing defense. [...]

You’re finally eligible to claim Social Security — but that doesn’t mean it’s the right time to retire
February 6, 2026 2:04
You’re finally eligible to claim Social Security — but that doesn’t mean it’s the right time to retire

Nearly 30% of people surveyed say Social Security eligibility was a major reason they decided to retire. [...]

Bitcoin attempts a recovery, but still headed for the worst week since 2022
February 6, 2026 1:35
Bitcoin attempts a recovery, but still headed for the worst week since 2022

Bitcoin rebounded from a dramatic selloff on Thursday, with investors hoping the worst might be over. [...]

Under Armour turns a surprise profit, even as turnaround plan costs keep rising
February 6, 2026 1:30
Under Armour turns a surprise profit, even as turnaround plan costs keep rising

Under Armour’s stock rallies toward a six-month high, after the athletic gear seller reported a surprise quarterly profit and raised its full-year outlook. [...]

Super Bowl LX is turning into AI’s coming-out party
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Super Bowl LX is turning into AI’s coming-out party

It’s not just about the OpenAI and Anthropic game-day ads — football’s biggest event is even being powered by AI technology [...]

Buy the dip! Your guacamole for Super Bowl Sunday is the cheapest it’s been in decades — and chip prices are down, too.
February 6, 2026 12:30
Buy the dip! Your guacamole for Super Bowl Sunday is the cheapest it’s been in decades — and chip prices are down, too.

This year’s Super Bowl watch party MVPs are a bumper crop of avocados and PepsiCo lowering prices for some snacks. [...]

Bitcoin’s attempting a bounce-back as it heads for its worst week since 2022
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Economic calendar: Friday features updates on U.S. consumer credit and sentiment
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Super Bowl Sunday is starting to look like AI’s coming-out party
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Bitcoin selloff is deepening after worst day for the crypto since FTX collapse
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TrumpRx is here. Here’s why it will not lower drug prices for most Americans.
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Financial-data stocks hit hard as software sector falls for 8th straight day
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Oracle’s stock suffers worst eight-day stretch in over two decades
February 5, 2026 11:35
Bitcoin’s latest selloff is shattering many of its most enduring myths
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Jobless claims fall to lowest level since mid-May
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Consumer credit growth soars in December
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U.S. productivity slows down in fourth quarter while unit labor costs accelerate
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Beyond to buy rights to Buy Buy Baby brand and reunite it with Bed Bath & Beyond
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Trump asks Supreme Court to pause TikTok ban
December 28, 2024 12:32
Amazon says it had best-ever Thanksgiving Holiday week with record sales and number of items sold
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U.S. stock futures and bond yields drop on reports Putin has updated nuclear doctrine
November 19, 2024 8:55
Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal
November 13, 2024 1:52
General Motors unveils new all-electric Cadillac called the Vistiq with 300-mile range
November 12, 2024 1:53
Vestas Wind Systems stock slumps as company says margins to be at low end of guidance
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Burberry shares rise on report Moncler could bid for it
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Kazatomprom reports 17% increase in production during the third quarter
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  • About
    • Vision & Mission
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