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Gold price per tola falls Rs7,000 in Pakistan
October 23, 2026 3:43
Gold price per tola falls Rs7,000 in Pakistan

Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs424,536 after a decline of Rs7,000 during the day. Similarly, 10-gram gold was sold at Rs363,971 after it fell by Rs6,001, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs431,536 after a decline of Rs3,000 during the day. The international rate of gold declined by $70 to reach $4,020 per ounce. Meanwhile, the price of silver also decreased by Rs221 to reach Rs5,865 per tola. [...]

Pakistan rupee registers gain against US dollar
October 23, 2026 3:33
Pakistan rupee registers gain against US dollar

PKR vs USD Exchange Rate Chart @import url('https://fonts.googleapis.com/css2?family=Plus+Jakarta+Sans:wght@400;500;600;700&display=swap'); #pkr-chart-embed { font-family: 'Plus Jakarta Sans', -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, sans-serif; max-width: 1000px; width: 100%; margin: 24px auto; background-color: #ffffff; border: 1px solid #e2e8f0; border-radius: 20px; padding: 24px; box-shadow: 0 10px 25px -5px rgba(15, 23, 42, 0.05), 0 8px 10px -6px rgba(15, 23, 42, 0.05); color: #0f172a; box-sizing: border-box; } #pkr-chart-embed * { box-sizing: border-box; margin: 0; padding: 0; } #pkr-chart-embed .chart-header { display: flex; flex-direction: column; gap: 20px; margin-bottom: 20px; width: 100%; } #pkr-chart-embed .top-row { display: flex; flex-direction: row; justify-content: space-between; align-items: flex-start; gap: 20px; } #pkr-chart-embed .calculator-area { display: flex; flex-direction: column; gap: 8px; align-items: flex-start; } #pkr-chart-embed .main-title { font-size: 22px; font-weight: 700; color: #0f172a; letter-spacing: -0.025em; display: flex; flex-wrap: wrap; align-items: center; gap: 10px; } #pkr-chart-embed .currency-badge { font-size: 11px; font-weight: 600; color: #4f46e5; background-color: rgba(79, 70, 229, 0.08); padding: 3px 10px; border-radius: 9999px; border: 1px solid rgba(79, 70, 229, 0.15); text-transform: uppercase; } #pkr-chart-embed .calculator-title { font-size: 10px; font-weight: 700; color: #64748b; text-transform: uppercase; letter-spacing: 0.05em; } #pkr-chart-embed .converter { display: flex; align-items: center; background: #f8fafc; border: 1px solid #e2e8f0; border-radius: 12px; padding: 4px; gap: 6px; } #pkr-chart-embed .converter-group { display: flex; align-items: center; background: #ffffff; border-radius: 8px; padding: 6px 10px; box-shadow: 0 1px 2px rgba(15, 23, 42, 0.05); border: 1px solid #e2e8f0; } #pkr-chart-embed .converter-input { border: none; outline: none; width: 90px; font-family: inherit; font-weight: 700; color: #0f172a; font-size: 14px; text-align: right; background: transparent; } #pkr-chart-embed .converter-input.pkr-field { width: 120px; } #pkr-chart-embed .converter-label { font-size: 11px; font-weight: 700; color: #64748b; margin-left: 6px; } #pkr-chart-embed .equals-sign { color: #94a3b8; font-weight: 600; font-size: 16px; } #pkr-chart-embed .rate-badge-container { display: flex; flex-direction: column; align-items: flex-end; gap: 6px; } #pkr-chart-embed .rate-label-sub { text-align: right; } #pkr-chart-embed .rate-label-sub span:first-child { display: block; font-size: 9px; text-transform: uppercase; font-weight: 700; color: #64748b; } #pkr-chart-embed .rate-label-sub span:last-child { display: block; font-size: 12px; color: #334155; font-weight: 600; } #pkr-chart-embed .rate-badge { display: inline-flex; align-items: center; gap: 8px; background: linear-gradient(135deg, #4f46e5, #3b82f6); color: #ffffff; font-weight: 700; font-size: 14px; padding: 8px 14px; border-radius: 12px; box-shadow: 0 8px 16px -3px rgba(79, 70, 229, 0.25); } #pkr-chart-embed .pulse-dot { width: 8px; height: 8px; border-radius: 50%; background-color: #ffffff; animation: pkrPulse 1.5s infinite; } @keyframes pkrPulse { 0% { transform: scale(0.95); opacity: 0.6; } 50% { transform: scale(1.15); opacity: 1; } 100% { transform: scale(0.95); opacity: 0.6; } } #pkr-chart-embed .toolbar { display: flex; justify-content: space-between; align-items: center; flex-wrap: wrap; gap: 12px; margin-bottom: 16px; padding-bottom: 12px; border-bottom: 1px solid #f1f5f9; } #pkr-chart-embed .timeframe-selector { display: flex; gap: 4px; background: #f1f5f9; padding: 3px; border-radius: 10px; } #pkr-chart-embed .tf-btn { border: none; background: transparent; font-family: inherit; font-size: 12px; font-weight: 600; color: #64748b; padding: 5px 12px; border-radius: 7px; cursor: pointer; transition: all 0.2s ease; } #pkr-chart-embed .tf-btn.active { background: #ffffff; color: #4f46e5; box-shadow: 0 1px 3px rgba(0,0,0,0.1); } #pkr-chart-embed .stats-row { display: flex; gap: 16px; flex-wrap: wrap; } #pkr-chart-embed .stat-item { font-size: 12px; color: #64748b; } #pkr-chart-embed .stat-item strong { color: #0f172a; font-weight: 700; } #pkr-chart-embed .chart-canvas-container { position: relative; width: 100%; height: 380px; } @media (max-width: 768px) { #pkr-chart-embed .chart-canvas-container { height: 300px; } #pkr-chart-embed .top-row { flex-direction: column; align-items: flex-start; } #pkr-chart-embed .rate-badge-container { align-items: flex-start; } #pkr-chart-embed .rate-label-sub { text-align: left; } #pkr-chart-embed .toolbar { flex-direction: column; align-items: flex-start; } } PKR vs USD Exchange Rate USD / PKR Calculator USD = PKR Latest Closing 23-Oct-26 276.82 PKR 1M 3M 6M 1Y ALL High: -- Low: -- Avg: -- Change: -- (function() { // Historical closing rate dataset updated with 23-Oct-26 const rawLabels = ["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", "04-Jun-25", "05-Jun-25", "10-Jun-25", "11-Jun-25", "12-Jun-25", "13-Jun-25", "16-Jun-25", "17-Jun-25", "18-Jun-25", "19-Jun-25", "20-Jun-25", "23-Jun-25", "24-Jun-25", "25-Jun-25", "26-Jun-25", "27-Jun-25", "30-Jun-25", "02-Jul-25", "03-Jul-25", "04-Jul-25", "07-Jul-25", "08-Jul-25", "09-Jul-25", "10-Jul-25", "11-Jul-25", "14-Jul-25", "15-Jul-25", "16-Jul-25", "17-Jul-25", "18-Jul-25", "21-Jul-25", "22-Jul-25", "23-Jul-25", "24-Jul-25", "25-Jul-25", "28-Jul-25", "29-Jul-25", "30-Jul-25", "31-Jul-25", "01-Aug-25", "04-Aug-25", "05-Aug-25", "06-Aug-25", "07-Aug-25", "08-Aug-25", "11-Aug-25", "12-Aug-25", "13-Aug-25", "15-Aug-25", "18-Aug-25", "19-Aug-25", "20-Aug-25", "21-Aug-25", "22-Aug-25", "25-Aug-25", "26-Aug-25", "27-Aug-25", "28-Aug-25", "29-Aug-25", "01-Sep-25", "02-Sep-25", "03-Sep-25", "04-Sep-25", "05-Sep-25", "08-Sep-25", "09-Sep-25", "10-Sep-25", "11-Sep-25", "12-Sep-25", "15-Sep-25", "16-Sep-25", "17-Sep-25", "18-Sep-25", "19-Sep-25", "21-Sep-25", "22-Sep-25", "23-Sep-25", "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", "09-Feb-26", "10-Feb-26", "11-Feb-26", "12-Feb-26", "13-Feb-26", "16-Feb-26", "17-Feb-26", "18-Feb-26", "20-Feb-26", "23-Feb-26", "24-Feb-26", "25-Feb-26", "26-Feb-26", "27-Feb-26", "02-Mar-26", "03-Mar-26", "04-Mar-26", "05-Mar-26", "06-Mar-26", "09-Mar-26", "10-Mar-26", "11-Mar-26", "12-Mar-26", "13-Mar-26", "16-Mar-26", "17-Mar-26", "18-Mar-26", "19-Mar-26", "24-Mar-26", "25-Mar-26", "26-Mar-26", "27-Mar-26", "30-Mar-26", "31-Mar-26", "01-Apr-26", "02-Apr-26", "03-Apr-26", "04-Apr-26", "06-Apr-26", "07-Apr-26", "08-Apr-26", "09-Apr-26", "10-Apr-26", "13-Apr-26", "14-Apr-26", "14-Apr-26", "15-Apr-26", "16-Apr-26", "17-Apr-26", "20-Apr-26", "21-Apr-26", "22-Apr-26", "23-Apr-26", "24-Apr-26", "27-Apr-26", "28-Apr-26", "29-Apr-26", "30-Apr-26", "04-May-26", "05-May-26", "06-May-26", "07-May-26", "08-May-26", "11-May-26", "12-May-26", "13-May-26", "14-May-26", "15-May-26", "18-May-26", "19-May-26", "20-May-26", "21-May-26", "22-May-26", "25-May-26", "29-May-26", "01-Jun-26", "02-Jun-26", "03-Jun-26", "04-Jun-26", "05-Jun-26", "08-Jun-26", "09-Jun-26", "10-Jun-26", "11-Jun-26", "12-Jun-26", "15-Jun-26", "16-Jun-26", "17-Jun-26", "18-Jun-26", "19-Jun-26", "22-Jun-26", "23-Jun-26", "24-Jun-26", "29-Jun-26", "30-Jun-26", "02-Jul-26", "03-Jul-26", "06-Jul-26", "07-Jul-26", "08-Jul-26", "09-Jul-26", "10-Jul-26", "13-Jul-26", "14-Jul-26", "15-Jul-26", "16-Jul-26", "17-Jul-26", "20-Jul-26", "21-Jul-26", "22-Jul-26", "23-Jul-26", "24-Jul-26", "27-Jul-26", "28-Jul-26", "29-Jul-26", "30-Jul-26", "03-Aug-26", "04-Aug-26", "05-Aug-26", "06-Aug-26", "07-Aug-26", "10-Aug-26", "11-Aug-26", "12-Aug-26", "13-Aug-26", "17-Aug-26", "18-Aug-26", "20-Aug-26", "21-Aug-26", "24-Aug-26", "25-Aug-26", "27-Aug-26", "28-Aug-26", "31-Aug-26", "01-Sep-26", "02-Sep-26", "03-Sep-26", "04-Sep-26", "07-Sep-26", "08-Sep-26", "09-Sep-26", "10-Sep-26", "11-Sep-26", "14-Sep-26", "15-Sep-26", "16-Sep-26", "17-Sep-26", "18-Sep-26", "21-Sep-26", "22-Sep-26", "23-Sep-26", "24-Sep-26", "25-Sep-26", "28-Sep-26", "29-Sep-26", "30-Sep-26", "01-Oct-26", "02-Oct-26", "05-Oct-26", "06-Oct-26", "07-Oct-26", "08-Oct-26", "09-Oct-26", "12-Oct-26", "13-Oct-26", "14-Oct-26", "15-Oct-26", "16-Oct-26", "19-Oct-26", "20-Oct-26", "21-Oct-26", "22-Oct-26", "23-Oct-26"]; const rawData = [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, 284.87, 284.95, 284.97, 284.76, 284.22, 283.45, 283.21, 283.05, 282.95, 282.87, 282.66, 282.57, 282.67, 282.56, 282.47, 282.45, 282.42, 282.22, 282.06, 282.01, 281.96, 281.95, 281.92, 281.90, 281.87, 281.86, 281.83, 281.80, 281.77, 281.75, 281.72, 281.71, 281.67, 281.65, 281.62, 281.61, 281.60, 281.56, 281.55, 281.52, 281.51, 281.50, 281.47, 281.46, 281.45, 281.46, 281.42, 281.43, 281.41, 281.37, 281.35, 281.32, 281.31, 281.27, 281.26, 281.25, 281.22, 281.21, 281.20, 281.17, 281.16, 281.15, 281.12, 281.11, 281.10, 281.07, 281.06, 281.05, 281.03, 281.02, 281.01, 280.97, 280.96, 280.92, 280.91, 280.90, 280.87, 280.86, 280.85, 280.82, 280.81, 280.78, 280.77, 280.76, 280.72, 280.71, 280.67, 280.66, 280.66, 280.65, 280.62, 280.61, 280.57, 280.56, 280.55, 280.52, 280.51, 280.47, 280.46, 280.45, 280.42, 280.41, 280.40, 280.37, 280.36, 280.32, 280.31, 280.30, 280.27, 280.26, 280.25, 280.22, 280.21, 280.20, 280.17, 280.16, 280.15, 280.12, 280.11, 280.10, 280.07, 280.06, 280.05, 280.02, 280.01, 280.00, 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, 279.70, 279.67, 279.66, 279.65, 279.62, 279.61, 279.60, 279.57, 279.56, 279.55, 279.52, 279.51, 279.50, 279.47, 279.46, 279.45, 279.42, 279.41, 279.40, 279.37, 279.36, 279.35, 279.32, 279.31, 279.30, 279.27, 279.26, 279.25, 279.22, 279.21, 279.20, 279.17, 279.16, 279.15, 279.12, 279.11, 279.10, 279.07, 279.06, 279.05, 279.02, 279.01, 279.00, 278.97, 278.96, 278.95, 278.92, 278.91, 278.90, 278.87, 278.86, 278.85, 278.82, 278.81, 278.80, 278.77, 278.76, 278.75, 278.72, 278.71, 278.70, 278.67, 278.66, 278.65, 278.62, 278.61, 278.60, 278.57, 278.56, 278.55, 278.52, 278.51, 278.50, 278.47, 278.46, 278.45, 278.42, 278.41, 278.40, 278.37, 278.36, 278.35, 278.32, 278.31, 278.30, 278.27, 278.26, 278.25, 278.22, 278.21, 278.20, 278.17, 278.16, 278.15, 278.12, 278.11, 278.10, 278.07, 278.06, 278.05, 278.02, 278.01, 278.00, 277.95, 277.95, 277.92, 277.91, 277.90, 277.87, 277.86, 277.85, 277.82, 277.81, 277.80, 277.77, 277.76, 277.75, 277.72, 277.71, 277.70, 277.67, 277.66, 277.65, 277.62, 277.61, 277.57, 277.56, 277.55, 277.52, 277.51, 277.50, 277.47, 277.46, 277.45, 277.42, 277.41, 277.40, 277.37, 277.36, 277.35, 277.32, 277.31, 277.30, 277.27, 277.26, 277.25, 277.22, 277.21, 277.20, 277.17, 277.16, 277.15, 277.12, 277.11, 277.10, 277.07, 277.06, 277.05, 277.02, 277.01, 277.00, 276.97, 276.96, 276.95, 276.92, 276.91, 276.90, 276.87, 276.86, 276.85, 276.82]; const currentExchangeRate = rawData[rawData.length - 1]; const usdInput = document.getElementById('usdInput'); const pkrInput = document.getElementById('pkrInput'); const latestBadgeRate = document.getElementById('latestBadgeRate'); const latestDateLabel = document.getElementById('latestDateLabel'); const statHigh = document.getElementById('statHigh'); const statLow = document.getElementById('statLow'); const statAvg = document.getElementById('statAvg'); const statChange = document.getElementById('statChange'); const tfBtns = document.querySelectorAll('.tf-btn'); if (latestDateLabel) latestDateLabel.textContent = rawLabels[rawLabels.length - 1]; if (latestBadgeRate) latestBadgeRate.textContent = `${currentExchangeRate.toFixed(2)} PKR`; if (pkrInput) pkrInput.value = (1 * currentExchangeRate).toFixed(2); if (usdInput && pkrInput) { usdInput.addEventListener('input', function() { const val = parseFloat(this.value); pkrInput.value = !isNaN(val) ? (val * currentExchangeRate).toFixed(2) : ''; }); pkrInput.addEventListener('input', function() { const val = parseFloat(this.value); usdInput.value = !isNaN(val) ? (val / currentExchangeRate).toFixed(2) : ''; }); } const ctx = document.getElementById('closingRatesChart').getContext('2d'); const gradient = ctx.createLinearGradient(0, 0, 0, 300); gradient.addColorStop(0, 'rgba(79, 70, 229, 0.25)'); gradient.addColorStop(1, 'rgba(79, 70, 229, 0.0)'); let chart = new Chart(ctx, { type: 'line', data: { labels: rawLabels, datasets: [{ label: 'USD / PKR Rate', data: rawData, borderColor: '#4f46e5', borderWidth: 2, pointRadius: 0, pointHoverRadius: 5, pointHoverBackgroundColor: '#4f46e5', fill: true, backgroundColor: gradient, tension: 0.2 }] }, options: { responsive: true, maintainAspectRatio: false, plugins: { legend: { display: false }, tooltip: { mode: 'index', intersect: false, backgroundColor: '#0f172a', titleFont: { family: "'Plus Jakarta Sans', sans-serif", size: 12 }, bodyFont: { family: "'Plus Jakarta Sans', sans-serif", size: 13, weight: 'bold' }, padding: 10, cornerRadius: 8, callbacks: { label: function(context) { return ` Rate: ${context.parsed.y.toFixed(2)} PKR`; } } } }, scales: { x: { grid: { display: false }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', maxTicksLimit: 8 } }, y: { grid: { color: '#f1f5f9' }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', callback: function(val) { return val.toFixed(2); } } } } } }); function updateStats(filteredData) { if (!filteredData || filteredData.length === 0) return; const max = Math.max(...filteredData); const min = Math.min(...filteredData); const sum = filteredData.reduce((acc, curr) => acc + curr, 0); const avg = sum / filteredData.length; const first = filteredData[0]; const last = filteredData[filteredData.length - 1]; const diff = last - first; const pct = ((diff / first) * 100).toFixed(2); statHigh.textContent = max.toFixed(2); statLow.textContent = min.toFixed(2); statAvg.textContent = avg.toFixed(2); statChange.textContent = `${diff >= 0 ? '+' : ''}${diff.toFixed(2)} (${diff >= 0 ? '+' : ''}${pct}%)`; statChange.style.color = diff >= 0 ? 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"clip" hides the same overflow // without creating a scroll container. for (var a = wrapper.parentElement; a; a = a.parentElement) { var cs = getComputedStyle(a); if (cs.overflowX === 'hidden') a.style.overflowX = 'clip'; if (cs.overflowY === 'hidden') a.style.overflowY = 'clip'; } // Undo the server-side escaping of closing script tags / comment openers. var html = source.textContent.replace(/ window.innerHeight; if (pinned) { stage.style.position = 'sticky'; stage.style.top = '0'; fillScreen(stage); track.style.height = h + 'px'; max = Math.max(0, h - frame.clientHeight); } else { // Grow only: vh-based content would otherwise shrink with its own frame, forever. fitH = Math.max(fitH, h); stage.style.position = 'static'; stage.style.height = fitH + 'px'; track.style.height = 'auto'; max = 0; } sync(true); } // inside the frame would only scroll the (non-scrollable) frame. Scroll the page instead. function onAnchorClick(e) { var link = e.target.closest && e.target.closest('a[href^="#"]'); if (!link || e.defaultPrevented) return; var id = link.getAttribute('href').slice(1); try { id = decodeURIComponent(id); } catch (x) { } var target = id ? doc.getElementById(id) : null; if (id && !target) return; e.preventDefault(); var inFrame = target ? target.getBoundingClientRect().top + win.scrollY : 0; window.scrollTo({ top: track.getBoundingClientRect().top + window.scrollY + (pinned ? Math.min(inFrame, max) : inFrame), behavior: 'smooth' }); } frame.addEventListener('load', function () { try { win = frame.contentWindow; doc = win.document; var ro = new win.ResizeObserver(measure); // created in the frame's realm ro.observe(doc.documentElement); if (doc.body) ro.observe(doc.body); doc.addEventListener('click', onAnchorClick); measure(); } catch (e) { // No script access to the frame: fall back to a plain scrollable frame. win = null; frame.removeAttribute('scrolling'); stage.style.position = 'static'; fillScreen(stage); track.style.height = 'auto'; } }); fillScreen(stage); fillScreen(track); // placeholder until the frame has loaded and been measured window.addEventListener('scroll', function () { sync(false); }, { passive: true }); window.addEventListener('resize', measure); stage.appendChild(frame); track.appendChild(stage); wrapper.appendChild(track); })(); The Pakistani rupee continued its marginal gain against the US dollar, appreciating 0.01% in the inter-bank market on Friday. The local unit closed the day at 276.82, a gain of Re0.03 against the greenback. On Thursday, the rupee had rupee settled at 276.85 against the dollar. Internationally, the Japanese yen hit its strongest level in more than a month on Friday, buoyed by safe-haven flows due to a fresh ​bout of risk aversion that also sent US Treasury yields sharply lower, pushing the dollar to a nearly three-week ‌trough. The moves in the currency markets were driven by doubts over the AI spending boom even as Brent crude futures stay above $110 per barrel, suggesting concerns over economic growth outweighed inflation worries. The yen strengthened 0.3% on Friday to 156.28 per US dollar, leading gains among major currencies. It was set for a 1% ​gain for the week, its strongest weekly rise since early September. The dollar index, which measures the greenback against a basket of ​currencies, was at 101.52, after touching its lowest level since the beginning of the month at 101.44 ⁠on Thursday. US 10-year Treasury yields hovered near a one-month low at 4.953%, after tumbling on Thursday when equities sold off on renewed concerns ​about the sustainability of the AI boom, burnishing the safe-haven appeal of sovereign debt. While demand for safety is intensifying, the beneficiaries differ depending on the risk, OCBC analysts said. AI jitters ‌favour the ⁠yen, Middle East tensions support the Canadian dollar and Norwegian crown due to rising oil prices, while French fiscal stress benefits the Swiss franc, they said, adding that for the US dollar, AI had become an increasingly two-way macro risk. Oil prices, a key indicator of currency parity, rose on Friday, with Brent crude touching its highest since early May, ‌after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East where UAE authorities also reported an oil spill. Brent crude futures gained $1.71, or 1.5%, to $114.99 a barrel by 1300 GMT, ​having earlier reached $115.16, the highest level since May 4. US West Texas Intermediate crude gained $1.80, ​or 1.8%, to $101.27. Inter-bank market rates for dollar on Friday BID Rs 276.82 OFFER Rs 277.02 Open-market movement In the open market, the PKR lost 5 paise for buying and 6 paise for selling against USD, closing at 277.57 and 278.71, respectively. Against Euro, the PKR gained 68 paise for buying and 57 paise for selling, closing at 310.55 and 313.55, respectively. Against UAE Dirham, the PKR lost 1 paisa for buying and gained 1 paisa for selling, closing at 75.60 and 76.20, respectively. Against Saudi Riyal, the PKR remained unchanged for both buying and selling, closing at 73.93 and 74.51, respectively. Open-market rates for dollar on Friday BID Rs 277.57 OFFER Rs 278.71 [...]

Sri Lankan shares fall for fourth straight week
October 23, 2026 3:08
Sri Lankan shares fall for fourth straight week

Sri Lankan shares closed lower on Friday, extending losses for a fifth straight session, dragged down by utility stocks. The CSE All-Share index settled 0.17% lower at 19,684.91 points. The index dropped 2.52% over the week, its fourth straight weekly fall. Dialog Axiata Plc and Carson Cumberbatch Plc were the biggest decliners on the index, down 9.7% and 9.1%, respectively, on the day. Trading volume on the index fell to 31.5 million shares from 64.3 million shares in the previous session. The equity market’s turnover dipped to 825.1 million Sri Lankan rupees ($2.48 million) from 1.10 billion rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 55.1 million rupees, while domestic investors were net sellers, offloading shares worth 807.6 million rupees, the data showed. [...]

PSX: selling continues, KSE-100 down nearly 1%
October 23, 2026 1:41
PSX: selling continues, KSE-100 down nearly 1%

Selling pressure continued at the Pakistan Stock Exchange (PSX) as fighting intensified between Saudi Arabia and Yemen-based Houthis, with the benchmark KSE-100 Index dropping nearly 1% on Friday. The market remained under pressure throughout much of the session. The index opened near the upper end of its daily range, reaching an intra-day high of 163,966.86, before witnessing a sustained decline. Selling pressure intensified during the morning, pushing the index towards 162,500. In the second half, the index staged a brief recovery, climbing to around 163,400. However, the rebound proved short-lived, as renewed selling dragged the index lower towards an intra-day low of 162,292.44 before the end of trading. At close, the benchmark KSE-100 index closed at 162,374.87 points, down 1,549.44 points, or 0.95%. “Selling pressure stems from two factors: weakness in global markets amid higher oil prices, and cautious sentiment ahead of the monetary policy decision on Monday amid expectations of a rate hike,” Sana Tawfik, Head of Research at Arif Habib Limited, told Business Recorder. Top negative contribution to the index came from MEBL, ENGROH, LUCK, HUBC and PPL, as they cumulatively weighed down on the index by 637 points, as per the post-market report of brokerage house Topline Securities. The KSE-100 Index declined 2.43% week-on-week amid geopolitical tensions, rising oil prices, and profit-taking ahead of the SBP’s monetary policy decision, Topline said. On Thursday, PSX again slipped as persistent geopolitical uncertainty, rising international oil prices and the absence of positive triggers weighed on investor sentiment, triggering broad-based selling across major sectors. The benchmark KSE-100 Index declined by 2,006.67 points, or 1.21%, to close at 163,924.32 points. Internationally, Asian shares fell on Friday as concerns over the enormous funding needs of AI hammered tech and led to ​the biggest daily rally in Treasuries in more than three years, with investors fleeing to sovereign bonds and safe-haven currencies. Markets also sharply pared back ‌expectations of further policy tightening from the Federal Reserve, stripping out almost a full quarter-point rate hike for next year amid concerns a bursting AI bubble could derail the data-centre investment boom and hobble the US economy. A December rate rise is no longer fully priced, with the implied probability falling to 85%. MSCI’s broadest ​index of Asia-Pacific shares excluding Japan fell 0.3% on Friday, bringing its weekly loss to 2.7% and marking a fourth straight week ⁠in the red. Japan’s Nikkei dropped 1.3% and was down a whopping 5% for the week. South Korea’s KOSPI skidded 1.7%, on course for a 4.3% weekly decline, with ​memory chipmaker SK Hynix down 2.5% on the day. Taiwan’s stock market was closed due to a typhoon. An index of mainland Chinese blue chips lost 1.1% on Friday to hit ​the lowest level since July 2025. The index was down about 20% from its peak in late June. Hong Kong’s Hang Seng edged up 0.1% after dropping 3% on Thursday. Meanwhile, the Pakistani rupee continued its marginal gain against the US dollar, appreciating 0.01% in the inter-bank market on Friday. The local unit closed the day at 276.82, a gain of Re0.03 against the greenback. Volume on the all-share index increased to 398.94 million from 367.09 million recorded in the previous close. The value of shares rose to Rs18.20 billion from Rs17.99billion in the previous session. Pervez Ahmed Co was the volume leader with 32.67 million shares, followed by MACPAC Films with 26.69 million shares, and Pak Refinery with 23.50 million shares. Shares of 495 companies were traded on Friday, of which 136 registered an increase, 311 recorded a fall, and 48 remained unchanged. [...]

UAE shares extend losses on regional conflict fears
October 23, 2026 1:17
UAE shares extend losses on regional conflict fears

Stock markets in the United Arab Emirates fell on Friday, with Dubai leading the decline driven by losses in financial and real estate shares as Houthi strikes in Saudi heightened fears of a wider regional conflict. Saudi Aramco has told staff to evacuate its Dhahran headquarters and work remotely, six people with knowledge of the matter said on Thursday, a day after two people were killed in an attack on a nearby airport. Dubai’s main index dropped 1.4% to a more than four-month low, weighed down by a 3.5% fall in top lender Emirates NBD Bank and a 2.1% decline in blue-chip developer Emaar Properties. Abu Dhabi’s benchmark index fell 1.2%, pressured by energy, real estate and banking stocks. Real estate giant Aldar Properties slipped 3.7%, while energy shipping firm Adnoc L&S decreased 3.9%. Abu Dhabi Commercial Bank, the UAE’s third-largest lender, fell 3.7%, despite reporting a 15% rise in third-quarter net profit to 3.56 billion dirhams ($969.26 million).7 Separately, the UAE is investing an additional €15 billion ($16.81 billion) in Greece, the Abu Dhabi Media Office said on Thursday, building on an existing joint investment initiative. Dubai and Abu Dhabi indexes posted weekly losses of 2.3% and 2.2%, respectively, according to LSEG data. Oil prices, a key driver of Gulf financial markets, drifted higher on Friday as Houthi attacks raised concerns about further disruption to Middle East energy supplies. Brent crude rose 1.3% to $114.61 a barrel by 1148 GMT. [...]

Brent crude hits more than five-month high on concern over Middle East escalation
October 23, 2026 11:55
Brent crude hits more than five-month high on concern over Middle East escalation

LONDON: Oil prices rose on Friday, with Brent crude touching a more than five-month high, after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East. Brent crude futures gained $1.40, or 1.2%, to $114.57 a barrel by 1138 GMT, having earlier reached $115 for the highest level since May 4. US West Texas Intermediate crude gained $1.48, or 1.5%, to $100.95. The Brent benchmark is on track for a third consecutive weekly gain, of 4.2%, while WTI is poised to finish 0.5% down on the week. Saudi Aramco on Thursday ordered the evacuation of its headquarters in Dhahran on the Gulf near Bahrain, Reuters reported, as fighting intensified between the world’s largest crude exporter and Yemen-based Houthis. “The market remains concerned about a potential escalation, which, in a worst-case scenario, could trigger renewed supply disruptions,” said UBS analyst Giovanni Staunovo, adding that volatile oil flows and elevated freight rates have left the market undersupplied. Clashes between the Houthis and Yemen’s government have raged since the Houthis pushed towards Bab el-Mandeb, a shipping ​chokepoint at the mouth of the Red Sea. Putin agrees to resume 3-way peace talks with Ukraine and US “The key factors to monitor now are the extent of actual disruption and the time needed to restore operations, as these will ultimately determine how much of a supply risk premium the market is willing to pay,” said XS.com analyst Linh Tran. “If attacks persist and delay deliveries, elevated prices will have a firmer foundation.” An oil spill from a tanker was detected off the coast of Umm Al Quwain, prompting containment operations and environmental assessments, the United Arab Emirates Ministry of Climate Change and Environment said on Friday. The ministry did not say what caused the spill and authorities have not identified the tanker involved. Zelenskiy, in open letter, invites Putin to talks to end the war In Libya, an oil pipeline valve from the Hamada and Tahara oilfields to Zawiya port has been shut, leading to a reduction in production at both fields, the head of the National Oil Corporation told Reuters on Thursday. Meanwhile, the first Russian diesel bound for the US since a surprise agreement between Moscow and US President Donald Trump is aboard a tanker heading for New York, ship-tracking data showed on Friday. Trump announced the deal this month as part of his efforts to bring down soaring diesel prices ahead of US midterm elections next month. [...]

Apple's foldable iPhone hits stores with $2,000 price tag and scarce supply
October 23, 2026 11:28
Apple's foldable iPhone hits stores with $2,000 price tag and scarce supply

SYDNEY/SHANGHAI/LONDON: Apple’s first folding phone, the iPhone Duo, hit stores around the world on Friday with a price tag of about $2,000 and less of the fanfare that accompanied previous iPhone launches. From Singapore and Shanghai to London and Berlin, demand was strong but with sales rationed, there were fewer of the round-the-block queues and overnight camp-outs that once marked new iPhone days. Competitors such as Samsung Electronics and Huawei Technologies have sold premium foldable phones for years and the Duo is a test of whether Apple can reinvent the small foldable mobile market the way the iPhone did for smartphones. It is also an early challenge for Apple’s new CEO John Ternus, the former hardware chief who unveiled the phone barely a week after taking charge in September. Apple’s estimated delivery dates for the Duo had slipped to late January within minutes of pre-orders opening a week ago, as demand outpaced supply. The US company called the response “nothing short of extraordinary”. Apple capped pre-orders at two handsets per customer and limited sales to walk-in shoppers. In China, France, Hong Kong, India and Japan they were only available to those who had ordered online. Apple launches faster Mac mini, Mac Studio to tap AI boom In Sydney, which was the first Apple store to sell the new passport-shaped phones on Friday, a queue formed outside before opening at 8 a.m. local time (2100 GMT). “This is a bit of a luxury item for me, because it’s so expensive, but I just think, you know what? Life’s too short,” said Simon Krishnan, a 48-year-old engineer who paid A$3,899 ($2,734) for a 512GB Duo. In China, a soft consumer market and rising memory costs have led to six straight quarters of declining smartphone shipments, although Apple’s market share has rebounded as some buyers trade up to premium devices. Liu Wei, a 26-year-old healthcare professional, already has a foldable phone from Xiaomi, but still queued outside a Shanghai store from 6 a.m. for Apple’s first foldable. “I’ve used Apple products for many years and I have more trust (in the brand), so I bought one on launch day to try it out,” he said. Many queued to pick up pre-orders, while others hoped for limited stock or to browse display models. Others were resellers. In Hong Kong, May, 38, who declined to give his full name, bought a 256GB iPhone Duo, priced at HK$17,499 ($2,231.73), in an online pre-sale and planned to resell it for a profit of around HK$4,000. “A few meals’ worth of money,” he joked. Paul Francis, 53, was one of several dozen fans who queued overnight outside London’s Regent Street store in pouring rain. “Some people think it was mad. Including myself,” the charity manager said. Mixed reviews Early reviews have praised the Duo’s design as well as its sturdy and barely visible hinge, a major feat for phones whose prominent creased screen has long been a drawback and potential deterrent for buyers. Apple trains its own AI model for China market with Alibaba’s support, sources say But reviewers said camera compromises, including no telephoto lens, and third-party apps still to be reworked for the new display size could disappoint some buyers. They also said the folded Duo is less handy for the quick tasks most users do daily and several prominent reviewers recommended against it for many Apple customers. “It’s been a lot of fun trying the Duo out for a week, but it feels like I’ve gotten to use an extraordinarily polished prototype — not a finished product that I’d want to buy and carry,” wrote longtime Apple commentator John Gruber. Tech commentator Marques Brownlee said in a YouTube review that for a regular person who mostly texts and browses, “it is probably a no. But if the $2,000 doesn’t mean much to you, and you like the idea, after the learning curve and getting used to not having facial identification, it is a really fun phone.” In Berlin, YouTube content creator Patrick Wolter was impressed that the Duo works as a phone and an iPad in one. “I’ve always found it a hassle to carry around a separate tablet, especially since I already have a laptop and other gear,” he said. “In the long run, this will likely end up replacing those other devices.” Tough to find Apple’s entry into the relatively niche foldables market could bring the format to a much broader audience, said Francisco Jeronimo, vice president at market researcher IDC. IDC expects Apple will take 44% of the foldable market value in 2026 on 31% of units. By 2027, it will become the market leader both in value and units shipped, IDC forecast. “Apple has made a convincing case for this form factor,” Jeronimo said after spending a week with the Duo. “Now comes the next test: turning excitement into availability, adoption and a lasting new chapter for the smartphone market,” Jeronimo said. [...]

Copper rebounds as inventories, stock markets stabilise
October 23, 2026 11:10
Copper rebounds as inventories, stock markets stabilise

LONDON: Copper prices bounced on Friday after a sharp decline in the previous session as stock markets stabilised and the build-up of inventories slowed. Three-month copper on the London Metal Exchange gained 0.8% to $14,190 a metric ton by 1000 GMT, having slid 1.9% to a five-week low in the previous session. Metals markets were supported as a rout in global tech shares eased after concerns over the enormous funding needs of AI had hammered Wall Street. “Today we’ve got the Nasdaq futures bouncing after that sell-off yesterday, and that’s probably why we’re seeing some metals investors getting back in,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Investors were still nervous, and there was the risk of further losses in copper, especially if prices broke below the September low of $13,925, he added. Worries about excess inventories abated after daily data showed on Friday that LME copper stocks rose by 800 metric tons, having jumped by a fifth over the past week to 273,750 tons. In China, inventories in warehouses registered with the Shanghai Futures Exchange tumbled by 26.5%, weekly data showed on Friday. Investors were still concerned about the overhang of stocks in the United States, which has attracted huge flows of copper due to speculation about the government imposing tariffs, Hansen said. “That massive pile of copper in the US is clearly weighing on prices given the risk of re-exporting that copper into the rest of the market,” Hansen said. Nickel was the worst performer on the LME, giving up 1.8% to $15,825 a ton as traders awaited clearer signals from Chinese companies considering coordinated output cuts at their Indonesian operations. The International Nickel Study Group last week forecast a small global surplus this year, reversing an earlier deficit forecast. Among other metals, LME aluminum dipped 0.1% to $3,007 a ton, zinc gained 1.1% to $3,710, lead was little changed at $1,898, and tin rose 1.3% to $50,715. [...]

GLP-1 boom in China, India, Brazil could create $22bn market by 2035, J.P. Morgan says
October 23, 2026 11:05
GLP-1 boom in China, India, Brazil could create $22bn market by 2035, J.P. Morgan says

The combined China-India-Brazil market for weight-loss drugs could grow to $22 billion by 2035 from $6.6 billion currently, J.P. Morgan estimated, as improving affordability and broader access drive adoption in largely untapped patient populations. The addressable market could grow at an annual rate of 15% through 2035, J.P. Morgan analysts led by Yang Huang said in a note on Friday, given the countries’ large diabetes and obesity burdens. GLP-1 drugs, such as Novo Nordisk’s Ozempic and Wegovy and Eli Lilly’s Zepbound, have become some of the most sought-after medicines for weight-loss and diabetes treatment globally. China and India are home to some of the world’s largest diabetes patient populations, accounting for more than 25% and 15% of global diagnosed cases, respectively, while about 12% of Brazilian adults have diabetes, according to J.P. Morgan. The three countries also face a growing obesity burden. China’s overweight and obese population could exceed 65% by 2030, while India’s adult obesity rate is projected to reach 11% by 2035. “GLP-1 is transitioning from a developed-market growth theme to a broader global access story…” the analysts said. “With patent cliffs, generic launches and policy-engineered price cuts now improving GLP-1 affordability, the three markets are converging on the same destination.” Under-tapped markets GLP-1’s uptake in many emerging markets has remained low due to affordability concerns. Penetration is below 0.1% in China and under 0.2% in India, versus 4%-5% in the US, according to the note. While Brazil is currently the largest of the three markets, obesity-drug penetration is projected to reach only 7%-8% of its obese population by 2035, compared with about 30% in the US. J.P. Morgan expects China to overtake Brazil by 2027, with its market reaching $13.7 billion by 2035, versus $8 billion for Brazil, supported by its large diabetes burden and wider reimbursement for GLP-1 therapies. For India, the smallest of the three markets, conservative attitudes toward GLP-1 drugs, alongside affordability concerns, remain key barriers to adoption, J.P. Morgan said, as hesitancy around injectables and slow-shifting cultural attitudes persist. The brokerage highlighted China’s Innovent, Divi’s Laboratories and Torrent Pharmaceuticals in India, and Brazil’s RD Saude as its key stocks to play the GLP-1 growth theme. [...]

Surging oil prices drag Indian shares to weekly losses
October 23, 2026 10:53
Surging oil prices drag Indian shares to weekly losses

Indian shares fell on Friday and logged weekly losses as surging oil prices amid Middle East tensions stoked concerns over inflation and company earnings. The benchmark Nifty 50 fell 0.39% to 22,600, and the Sensex shed 0.17% to 73,123.83. The indexes lost 2.4% and 2.2% this week, respectively, with sentiment dampened by a rise in Brent crude oil futures to about $114 on energy supply fears after attacks on top exporter Saudi Arabia by Yemen’s Houthis. “Oil is an immediate pressure point, while the impact of a weaker monsoon on water availability is a slower-burning risk,” said Rushabh Sheth, co-founder and co-CIO at Karma Capital. “With clear macro headwinds facing markets over the next few quarters, a narrowing market is becoming a reality, meaning fewer stocks are likely to perform well across segments.” Demand for billionaire Mukesh Ambani’s Jio Platforms record $3.2 billion IPO, which swelled to 13.8 times as of the closing of the secondary market also drained liquidity during the week, analysts at SMC Global and Motilal Oswal Financial Services said. Fifteen of the 16 major sectors logged weekly losses. The broader small-caps and mid-caps underperformed benchmarks, losing 7.3% and 5.6% and posting their worst week in 20 months. Consumer durables, energy, FMCG and auto lost 6.4%, 4.6%, 4.3% and 3.5%, as higher oil dampened earnings outlook for the sectors that use crude as a key raw material. The heaviest-weighted benchmark stock, HDFC Bank, lost 5% during the week after missing quarterly profit estimates. Axis Bank lost 5.6% on earnings miss, while Bajaj Finance dropped 5.4% as concerns over pressure on lending margins outweighed a rise in quarterly profit. On the day, Swiggy tumbled 16.8% to a record low, on concerns over the company’s ability to turn around its quick-commerce unit and margins in its food delivery business. Colgate-Palmolive India dropped 4.8% after the quarterly profit missed estimates. [...]

Indian rupee little changed this week as oil-fueled declines wipe out early gains
October 23, 2026 10:52
Indian rupee little changed this week as oil-fueled declines wipe out early gains

MUMBAI: The Indian rupee weakened for a second straight session on Friday as surging oil prices spurred risk aversion, erasing gains made earlier in the week and leaving the currency little changed, despite easing expectations of further US rate hikes. The Indian rupee opened the session marginally higher at 94.79 against the US dollar, but turned lower in early trades to hit a low of 94.9725. The currency ended 0.1% lower for the day at 94.9400, after depreciating by 0.4% on Thursday. It was little changed for the week, after rising 1.4% last week. Oil prices rose in the latter half of the week including in Asian hours, with the benchmark Brent crude touching a more than five-month high, after attacks in Saudi Arabia by Yemen’s Houthis stoked concern over further disruption to energy supplies from the region. The Brent crude contract was hovering around $114 per barrel, and is on track to post a third straight weekly surge. While facing a shock from oil prices, investors have been reassessing technology trades and pulling back from riskier assets on worries about stretched valuations for artificial intelligence-led companies, leading to a selloff in stocks and rising demand for safe-haven US Treasuries. The odds of a rate hike by the Federal Reserve have dropped to single digits from as high as 70% a month ago, which provided brief relief to the rupee in the early session, but oil worries outweighed the positive move. Energy prices have remained elevated fuelling concerns about inflation and imported energy costs, which hit the nation’s current account calculations. Currency traders also cited some residual flows linked to the Jio Platforms initial public offering. These flows, alongside the unwinding of dollar-long positions triggered by the Reserve Bank of India’s latest measures, had lifted the currency to a six-week high of 94.30 per dollar on Thursday, before importers stepped up dollar purchases. “The RBI’s recent FX measures are short-term stabilizers, not necessarily unjustified, but insufficient to alter the medium-term bearish outlook on the rupee,” Apoorva Javadekar, chief economist at Shriram Research, said. [...]

US military bans BYD vehicles from strategic air base in Japan
October 23, 2026 7:14
US military bans BYD vehicles from strategic air base in Japan

TOKYO: The US military said on Friday it will ban vehicles made by Chinese EV maker BYD from an air base in Japan, saying their presence posed a security risk. The ban will begin at the Kadena Air Base on Japan’s Okinawa island on Monday, the Yonhap newswire reported earlier. The base is a major US air power hub on Japan’s strategic southwest island chain running along the edge of the East China Sea. “These vehicles present an unacceptable and unmitigable risk to our personnel and our mission,” base spokesperson Lieutenant Colonel Alli Stormer said. She did not say what specific concern had prompted the commander to act against the Chinese electric vehicles. BYD did not immediately respond to a request for comment. The Chinese company, which overtook Tesla as the world’s biggest seller of battery-electric vehicles in 2025, is expanding overseas, including in Japan. It launched its Racco electric minicar there in July as it seeks a foothold in a market dominated by domestic brands. HUBCO denies BYD plant delay, targets end-2026 launch: report The Pentagon in June designated BYD, along with e-commerce firm Alibaba, internet company Baidu and automaker NIO, as companies it believes support China’s military. BYD rejected the designation and said it would pursue administrative and legal avenues to protect its interests. China has imposed similar restrictions on Tesla vehicles. In 2021 it barred them from some government compounds due to security concerns over cameras installed on the vehicles. Beijing removed that restriction in 2024 after Tesla won an endorsement from the country’s top auto industry association. [...]

South Korean shares head for second weekly loss as AI stock selloff bites
October 23, 2026 6:37
South Korean shares head for second weekly loss as AI stock selloff bites

SEOUL: Round-up of South Korean financial markets: South Korean shares fell on Friday and were poised to log a second weekly loss as a selloff in AI-related shares drove investors into safer assets globally. The won strengthened, while the benchmark bond yield fell. The benchmark KOSPI was down 118.59 points, or 2.14%, at 5,415.18 as of 01:38 GMT. The tech-heavy Nasdaq slid more than 1% on Thursday as growth stocks weakened after earnings from mega-caps Tesla and Meta failed to allay AI-related concerns, with a recovery in oil prices further adding to market unease. Shares of chipmaker Samsung Electronics fell 2.80%, while peer SK Hynix lost 0.57%. Among other index heavyweights, battery maker LG Energy Solution slid 1.79%, while Hyundai Motor and sister automaker Kia Corp were down 3.81% and 2.85%, respectively. Steelmaker POSCO Holdings shed 3.50%, while drugmaker Samsung BioLogics rose 6.47%. Of the total 912 traded issues, 95 shares advanced, while 793 declined. Foreigners were net sellers of shares worth 589.3 billion won. The won was quoted at 1,322.6 per dollar on the onshore settlement platform, 0.29% higher than its previous close at 1,326.5. In offshore trading, the won was quoted at 1,322.1 per dollar, up 0.2% on the day, while in non-deliverable forward trading its one-month contract was quoted at 1,320.8. The KOSPI has risen 28.50% so far this year. The won has strengthened 8.8% against the dollar so far this year. In money and debt markets, December futures on three-year treasury bonds gained 0.21 point to 103.29. The most liquid three-year Korean treasury bond yield fell by 6.6 basis points to 3.774%, while the benchmark 10-year yield fell by 7.1 basis points to 4.073%. [...]

Australia, NZ dollars on defensive as risk rout sparks bond rally
October 23, 2026 6:35
Australia, NZ dollars on defensive as risk rout sparks bond rally

SYDNEY: The Australian and New Zealand dollars were on the defensive on Friday as a rout in global share markets rattled risk assets, though bonds benefited from a flight to safety. Concerns about the enormous capital needs of AI hammered technology stocks and sparked a rally in US Treasuries. Massive spending on data centres has been a key driver of recent US growth, and investors worried that pace could slow. Markets reacted by pricing out more than 20 basis points of Federal Reserve tightening, even as Brent oil topped $113 a barrel, threatening renewed inflation pressures. Yields on Australian 10-year bonds dived 10 basis points to 5.164% in reaction, while 3-year futures jumped 9 ticks to 95.170. The Antipodean currencies are often sold as proxies for risk, though in this case the main losses were against the safe-haven yen and Swiss franc with the greenback also taking a hit. That left the Aussie flat at $0.7016, having eased just 0.1% overnight and it was still 1% higher for the week. Resistance lies around $0.7040 with support at $0.6895. In contrast, it lost 0.9% on the yen overnight and fell 0.6% against the Swiss franc. The kiwi dollar stood at $0.5683, having slipped 0.4% overnight and away from a one-month top of $0.5709. Support comes in at the recent low of $0.5566. The currency got a boost on Thursday when strong readings on core inflation at home reinforced expectations the Reserve Bank of New Zealand will hike rates next week. Markets imply a 95% chance that rates will rise a quarter point to 3.0%, and see a peak of 3.75% next year. Analysts at Citi changed their call from a “hold” to a “hike” for next week, citing elevated oil prices and a weak kiwi as some reasons for a tightening. “We expect guidance to echo September, leaving the door open to further hikes,” said Citi economist Josh Williamson. “However, we see 3.00% as the peak given a fragile recovery, 5.6% unemployment, and slowing GDP, with binary upside risk from offshore tightening or unresolved Middle East tensions.” Analysts at Westpac also shifted to a hike next week, though they see rates rising all the way to 4.0% by September next year. “Forward guidance will likely leave open the option to raise rates further at the December meeting without presenting it as a sure thing,” said Kelly Eckhold, chief NZ economist at Westpac. “We think a more measured tightening approach is appropriate from here as raising rates at every meeting until something ‘breaks’ could be a risky strategy if downside growth concerns crystallise.” [...]

Japan's Nikkei slumps as Wall Street tech selloff bites
October 23, 2026 6:33
Japan's Nikkei slumps as Wall Street tech selloff bites

TOKYO: Japan’s Nikkei share gauge slumped on Friday, tracking a tech-led selloff on Wall Street overnight as chip and AI-linked shares came under pressure. The benchmark Nikkei 225 fell 1.71% to 61,832.66 in early trading. The broader Topix slipped 1.26% to 3,947.11. The Nasdaq slid 2.6% and the S&P 500 fell 1.21% on Thursday, with technology leading sector declines as investors rotated into defensive areas such as consumer staples and healthcare. Nvidia sank about 4% in the AI and semiconductor selloff, while Meta dropped 7% after earnings as investors focused on its AI spending, and Tesla fell 3.1% after earnings and a cut to its 2026 capital spending plans. “Following the selling-dominated tone in the US market, the Japanese market is expected to start today with sellers in control,” Monex Securities analyst Yoshitaka Araya said in a report. There were 96 advancers on the Nikkei 225 against 120 decliners. The largest losers were Sumco, down 8.95%, followed by Disco, 7.59% lower, and Mitsui Kinzoku, which lost 6.65%. The largest percentage gainers in the index were Aeon, up 3.98%, followed by Sapporo Holdings, 3.74% higher, and Kikkoman, which gained 3.69%, on track for its highest close since July 2024. [...]

Govt raises diesel price by Rs1.91 per litre, keeps petrol unchanged
October 23, 2026 6:34
Govt raises diesel price by Rs1.91 per litre, keeps petrol unchanged

The government has increased the price of high-speed diesel (HSD) by Rs1.91 per litre while keeping petrol price unchanged, effective for the next three days. According to a press release issued by the Petroleum Division on Friday, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism. Following the revision, the price of HSD has increased from Rs391.75 to Rs393.66 per litre, while petrol price remains unchanged at Rs377.71 per litre. The revised prices will be effective from October 24 to 26, 2026. OGRA said the change in prices was necessitated by global developments, including changes in Platts rates, premiums and incidentals. The government on Thursday increased the price of high-speed diesel by Rs1.64 per litre and reduced petrol price by Rs1.60 per litre. Globally, oil prices rose on Friday, with Brent crude touching a more than five-month high, after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East. Brent crude futures gained $1.40, or 1.2%, to $114.57 a barrel by 1138 GMT, having earlier reached $115 for the highest level since May 4. US West Texas Intermediate crude gained $1.48, or 1.5%, to $100.95. The Brent benchmark is on track for a third consecutive weekly gain, of 4.2%, while WTI is poised to finish 0.5% down on the week. [...]

Govt approves Karachi Industrial Park as federal special economic zone
October 23, 2026 5:48
Govt approves Karachi Industrial Park as federal special economic zone

The government has approved Karachi Industrial Park (KIP) as a federal Special Economic Zone (SEZ), aiming to attract export-oriented investment, promote technology transfer and generate employment. The approval was granted at the 11th meeting of the Board of Approvals (BOA) for SEZs, chaired by Finance Minister Muhammad Aurangzeb in Islamabad on Friday, according to a Finance Division press release. The board also approved general eligibility criteria for providing utilities and allied services to privately established SEZs through government funding, under the SEZ Act, 2012. The criteria establish a framework for considering government-funded road access, utilities and other essential infrastructure up to the designated zero point of privately established zones on a case-by-case basis. In another decision, the board approved a land lease policy for public-sector SEZs and industrial estates in Punjab to facilitate industrial investment by reducing upfront land costs and promoting the efficient use of public industrial land. The policy seeks to encourage investment in key industrial sectors and emerging industries with high export potential through long-term leasing arrangements. The decisions reflect the government’s efforts to facilitate industrialisation, improve the investment climate and encourage greater private-sector participation in export-oriented production. The meeting was attended by Federal Minister for Board of Investment Qaiser Ahmed Sheikh, Planning Minister Ahsan Iqbal, Commerce Minister Jam Kamal Khan, Adviser to the Prime Minister on Industries and Production Haroon Akhtar Khan, and Punjab Minister for Industries, Commerce and Investment Shafay Hussain. Senior officials from the Finance Division, Board of Investment, Special Investment Facilitation Council (SIFC), federal and provincial SEZ authorities, relevant ministries and provincial departments, along with sector representatives, also attended the meeting. [...]

Gold price per tola falls Rs7,000 in Pakistan
October 23, 2026 3:43
Gold price per tola falls Rs7,000 in Pakistan

Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs424,536 after a decline of Rs7,000 during the day. Similarly, 10-gram gold was sold at Rs363,971 after it fell by Rs6,001, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs431,536 after a decline of Rs3,000 during the day. The international rate of gold declined by $70 to reach $4,020 per ounce. Meanwhile, the price of silver also decreased by Rs221 to reach Rs5,865 per tola. [...]

Pakistan rupee registers gain against US dollar
October 23, 2026 3:33
Pakistan rupee registers gain against US dollar

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277.85, 277.82, 277.81, 277.80, 277.77, 277.76, 277.75, 277.72, 277.71, 277.70, 277.67, 277.66, 277.65, 277.62, 277.61, 277.57, 277.56, 277.55, 277.52, 277.51, 277.50, 277.47, 277.46, 277.45, 277.42, 277.41, 277.40, 277.37, 277.36, 277.35, 277.32, 277.31, 277.30, 277.27, 277.26, 277.25, 277.22, 277.21, 277.20, 277.17, 277.16, 277.15, 277.12, 277.11, 277.10, 277.07, 277.06, 277.05, 277.02, 277.01, 277.00, 276.97, 276.96, 276.95, 276.92, 276.91, 276.90, 276.87, 276.86, 276.85, 276.82]; const currentExchangeRate = rawData[rawData.length - 1]; const usdInput = document.getElementById('usdInput'); const pkrInput = document.getElementById('pkrInput'); const latestBadgeRate = document.getElementById('latestBadgeRate'); const latestDateLabel = document.getElementById('latestDateLabel'); const statHigh = document.getElementById('statHigh'); const statLow = document.getElementById('statLow'); const statAvg = document.getElementById('statAvg'); const statChange = document.getElementById('statChange'); const tfBtns = document.querySelectorAll('.tf-btn'); if (latestDateLabel) latestDateLabel.textContent = rawLabels[rawLabels.length - 1]; if (latestBadgeRate) latestBadgeRate.textContent = `${currentExchangeRate.toFixed(2)} PKR`; if (pkrInput) pkrInput.value = (1 * currentExchangeRate).toFixed(2); if (usdInput && pkrInput) { usdInput.addEventListener('input', function() { const val = parseFloat(this.value); pkrInput.value = !isNaN(val) ? (val * currentExchangeRate).toFixed(2) : ''; }); pkrInput.addEventListener('input', function() { const val = parseFloat(this.value); usdInput.value = !isNaN(val) ? (val / currentExchangeRate).toFixed(2) : ''; }); } const ctx = document.getElementById('closingRatesChart').getContext('2d'); const gradient = ctx.createLinearGradient(0, 0, 0, 300); gradient.addColorStop(0, 'rgba(79, 70, 229, 0.25)'); gradient.addColorStop(1, 'rgba(79, 70, 229, 0.0)'); let chart = new Chart(ctx, { type: 'line', data: { labels: rawLabels, datasets: [{ label: 'USD / PKR Rate', data: rawData, borderColor: '#4f46e5', borderWidth: 2, pointRadius: 0, pointHoverRadius: 5, pointHoverBackgroundColor: '#4f46e5', fill: true, backgroundColor: gradient, tension: 0.2 }] }, options: { responsive: true, maintainAspectRatio: false, plugins: { legend: { display: false }, tooltip: { mode: 'index', intersect: false, backgroundColor: '#0f172a', titleFont: { family: "'Plus Jakarta Sans', sans-serif", size: 12 }, bodyFont: { family: "'Plus Jakarta Sans', sans-serif", size: 13, weight: 'bold' }, padding: 10, cornerRadius: 8, callbacks: { label: function(context) { return ` Rate: ${context.parsed.y.toFixed(2)} PKR`; } } } }, scales: { x: { grid: { display: false }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', maxTicksLimit: 8 } }, y: { grid: { color: '#f1f5f9' }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', callback: function(val) { return val.toFixed(2); } } } } } }); function updateStats(filteredData) { if (!filteredData || filteredData.length === 0) return; const max = Math.max(...filteredData); const min = Math.min(...filteredData); const sum = filteredData.reduce((acc, curr) => acc + curr, 0); const avg = sum / filteredData.length; const first = filteredData[0]; const last = filteredData[filteredData.length - 1]; const diff = last - first; const pct = ((diff / first) * 100).toFixed(2); statHigh.textContent = max.toFixed(2); statLow.textContent = min.toFixed(2); statAvg.textContent = avg.toFixed(2); statChange.textContent = `${diff >= 0 ? '+' : ''}${diff.toFixed(2)} (${diff >= 0 ? '+' : ''}${pct}%)`; statChange.style.color = diff >= 0 ? '#10b981' : '#ef4444'; } function filterData(days) { if (days === 'all') { chart.data.labels = rawLabels; chart.data.datasets[0].data = rawData; updateStats(rawData); } else { const count = parseInt(days, 10); chart.data.labels = rawLabels.slice(-count); chart.data.datasets[0].data = rawData.slice(-count); updateStats(rawData.slice(-count)); } chart.update(); } tfBtns.forEach(btn => { btn.addEventListener('click', function() { tfBtns.forEach(b => b.classList.remove('active')); this.classList.add('active'); filterData(this.getAttribute('data-range')); }); }); updateStats(rawData); })(); (function () { var me = document.currentScript || document.scripts[document.scripts.length - 1]; var wrapper = me && me.closest('.raw-html-embed-wrapper'); var source = wrapper && wrapper.querySelector('script.raw-html-source'); if (!source || wrapper._rawHtmlMounted) return; wrapper._rawHtmlMounted = true; // position:sticky breaks under any overflow:hidden ancestor. "clip" hides the same overflow // without creating a scroll container. for (var a = wrapper.parentElement; a; a = a.parentElement) { var cs = getComputedStyle(a); if (cs.overflowX === 'hidden') a.style.overflowX = 'clip'; if (cs.overflowY === 'hidden') a.style.overflowY = 'clip'; } // Undo the server-side escaping of closing script tags / comment openers. var html = source.textContent.replace(/ window.innerHeight; if (pinned) { stage.style.position = 'sticky'; stage.style.top = '0'; fillScreen(stage); track.style.height = h + 'px'; max = Math.max(0, h - frame.clientHeight); } else { // Grow only: vh-based content would otherwise shrink with its own frame, forever. fitH = Math.max(fitH, h); stage.style.position = 'static'; stage.style.height = fitH + 'px'; track.style.height = 'auto'; max = 0; } sync(true); } // inside the frame would only scroll the (non-scrollable) frame. Scroll the page instead. function onAnchorClick(e) { var link = e.target.closest && e.target.closest('a[href^="#"]'); if (!link || e.defaultPrevented) return; var id = link.getAttribute('href').slice(1); try { id = decodeURIComponent(id); } catch (x) { } var target = id ? doc.getElementById(id) : null; if (id && !target) return; e.preventDefault(); var inFrame = target ? target.getBoundingClientRect().top + win.scrollY : 0; window.scrollTo({ top: track.getBoundingClientRect().top + window.scrollY + (pinned ? Math.min(inFrame, max) : inFrame), behavior: 'smooth' }); } frame.addEventListener('load', function () { try { win = frame.contentWindow; doc = win.document; var ro = new win.ResizeObserver(measure); // created in the frame's realm ro.observe(doc.documentElement); if (doc.body) ro.observe(doc.body); doc.addEventListener('click', onAnchorClick); measure(); } catch (e) { // No script access to the frame: fall back to a plain scrollable frame. win = null; frame.removeAttribute('scrolling'); stage.style.position = 'static'; fillScreen(stage); track.style.height = 'auto'; } }); fillScreen(stage); fillScreen(track); // placeholder until the frame has loaded and been measured window.addEventListener('scroll', function () { sync(false); }, { passive: true }); window.addEventListener('resize', measure); stage.appendChild(frame); track.appendChild(stage); wrapper.appendChild(track); })(); The Pakistani rupee continued its marginal gain against the US dollar, appreciating 0.01% in the inter-bank market on Friday. The local unit closed the day at 276.82, a gain of Re0.03 against the greenback. On Thursday, the rupee had rupee settled at 276.85 against the dollar. Internationally, the Japanese yen hit its strongest level in more than a month on Friday, buoyed by safe-haven flows due to a fresh ​bout of risk aversion that also sent US Treasury yields sharply lower, pushing the dollar to a nearly three-week ‌trough. The moves in the currency markets were driven by doubts over the AI spending boom even as Brent crude futures stay above $110 per barrel, suggesting concerns over economic growth outweighed inflation worries. The yen strengthened 0.3% on Friday to 156.28 per US dollar, leading gains among major currencies. It was set for a 1% ​gain for the week, its strongest weekly rise since early September. The dollar index, which measures the greenback against a basket of ​currencies, was at 101.52, after touching its lowest level since the beginning of the month at 101.44 ⁠on Thursday. US 10-year Treasury yields hovered near a one-month low at 4.953%, after tumbling on Thursday when equities sold off on renewed concerns ​about the sustainability of the AI boom, burnishing the safe-haven appeal of sovereign debt. While demand for safety is intensifying, the beneficiaries differ depending on the risk, OCBC analysts said. AI jitters ‌favour the ⁠yen, Middle East tensions support the Canadian dollar and Norwegian crown due to rising oil prices, while French fiscal stress benefits the Swiss franc, they said, adding that for the US dollar, AI had become an increasingly two-way macro risk. Oil prices, a key indicator of currency parity, rose on Friday, with Brent crude touching its highest since early May, ‌after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East where UAE authorities also reported an oil spill. Brent crude futures gained $1.71, or 1.5%, to $114.99 a barrel by 1300 GMT, ​having earlier reached $115.16, the highest level since May 4. US West Texas Intermediate crude gained $1.80, ​or 1.8%, to $101.27. Inter-bank market rates for dollar on Friday BID Rs 276.82 OFFER Rs 277.02 Open-market movement In the open market, the PKR lost 5 paise for buying and 6 paise for selling against USD, closing at 277.57 and 278.71, respectively. Against Euro, the PKR gained 68 paise for buying and 57 paise for selling, closing at 310.55 and 313.55, respectively. Against UAE Dirham, the PKR lost 1 paisa for buying and gained 1 paisa for selling, closing at 75.60 and 76.20, respectively. Against Saudi Riyal, the PKR remained unchanged for both buying and selling, closing at 73.93 and 74.51, respectively. Open-market rates for dollar on Friday BID Rs 277.57 OFFER Rs 278.71 [...]

Sri Lankan shares fall for fourth straight week
October 23, 2026 3:08
Sri Lankan shares fall for fourth straight week

Sri Lankan shares closed lower on Friday, extending losses for a fifth straight session, dragged down by utility stocks. The CSE All-Share index settled 0.17% lower at 19,684.91 points. The index dropped 2.52% over the week, its fourth straight weekly fall. Dialog Axiata Plc and Carson Cumberbatch Plc were the biggest decliners on the index, down 9.7% and 9.1%, respectively, on the day. Trading volume on the index fell to 31.5 million shares from 64.3 million shares in the previous session. The equity market’s turnover dipped to 825.1 million Sri Lankan rupees ($2.48 million) from 1.10 billion rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 55.1 million rupees, while domestic investors were net sellers, offloading shares worth 807.6 million rupees, the data showed. [...]

PSX: selling continues, KSE-100 down nearly 1%
October 23, 2026 1:41
PSX: selling continues, KSE-100 down nearly 1%

Selling pressure continued at the Pakistan Stock Exchange (PSX) as fighting intensified between Saudi Arabia and Yemen-based Houthis, with the benchmark KSE-100 Index dropping nearly 1% on Friday. The market remained under pressure throughout much of the session. The index opened near the upper end of its daily range, reaching an intra-day high of 163,966.86, before witnessing a sustained decline. Selling pressure intensified during the morning, pushing the index towards 162,500. In the second half, the index staged a brief recovery, climbing to around 163,400. However, the rebound proved short-lived, as renewed selling dragged the index lower towards an intra-day low of 162,292.44 before the end of trading. At close, the benchmark KSE-100 index closed at 162,374.87 points, down 1,549.44 points, or 0.95%. “Selling pressure stems from two factors: weakness in global markets amid higher oil prices, and cautious sentiment ahead of the monetary policy decision on Monday amid expectations of a rate hike,” Sana Tawfik, Head of Research at Arif Habib Limited, told Business Recorder. Top negative contribution to the index came from MEBL, ENGROH, LUCK, HUBC and PPL, as they cumulatively weighed down on the index by 637 points, as per the post-market report of brokerage house Topline Securities. The KSE-100 Index declined 2.43% week-on-week amid geopolitical tensions, rising oil prices, and profit-taking ahead of the SBP’s monetary policy decision, Topline said. On Thursday, PSX again slipped as persistent geopolitical uncertainty, rising international oil prices and the absence of positive triggers weighed on investor sentiment, triggering broad-based selling across major sectors. The benchmark KSE-100 Index declined by 2,006.67 points, or 1.21%, to close at 163,924.32 points. Internationally, Asian shares fell on Friday as concerns over the enormous funding needs of AI hammered tech and led to ​the biggest daily rally in Treasuries in more than three years, with investors fleeing to sovereign bonds and safe-haven currencies. Markets also sharply pared back ‌expectations of further policy tightening from the Federal Reserve, stripping out almost a full quarter-point rate hike for next year amid concerns a bursting AI bubble could derail the data-centre investment boom and hobble the US economy. A December rate rise is no longer fully priced, with the implied probability falling to 85%. MSCI’s broadest ​index of Asia-Pacific shares excluding Japan fell 0.3% on Friday, bringing its weekly loss to 2.7% and marking a fourth straight week ⁠in the red. Japan’s Nikkei dropped 1.3% and was down a whopping 5% for the week. South Korea’s KOSPI skidded 1.7%, on course for a 4.3% weekly decline, with ​memory chipmaker SK Hynix down 2.5% on the day. Taiwan’s stock market was closed due to a typhoon. An index of mainland Chinese blue chips lost 1.1% on Friday to hit ​the lowest level since July 2025. The index was down about 20% from its peak in late June. Hong Kong’s Hang Seng edged up 0.1% after dropping 3% on Thursday. Meanwhile, the Pakistani rupee continued its marginal gain against the US dollar, appreciating 0.01% in the inter-bank market on Friday. The local unit closed the day at 276.82, a gain of Re0.03 against the greenback. Volume on the all-share index increased to 398.94 million from 367.09 million recorded in the previous close. The value of shares rose to Rs18.20 billion from Rs17.99billion in the previous session. Pervez Ahmed Co was the volume leader with 32.67 million shares, followed by MACPAC Films with 26.69 million shares, and Pak Refinery with 23.50 million shares. Shares of 495 companies were traded on Friday, of which 136 registered an increase, 311 recorded a fall, and 48 remained unchanged. [...]

UAE shares extend losses on regional conflict fears
October 23, 2026 1:17
UAE shares extend losses on regional conflict fears

Stock markets in the United Arab Emirates fell on Friday, with Dubai leading the decline driven by losses in financial and real estate shares as Houthi strikes in Saudi heightened fears of a wider regional conflict. Saudi Aramco has told staff to evacuate its Dhahran headquarters and work remotely, six people with knowledge of the matter said on Thursday, a day after two people were killed in an attack on a nearby airport. Dubai’s main index dropped 1.4% to a more than four-month low, weighed down by a 3.5% fall in top lender Emirates NBD Bank and a 2.1% decline in blue-chip developer Emaar Properties. Abu Dhabi’s benchmark index fell 1.2%, pressured by energy, real estate and banking stocks. Real estate giant Aldar Properties slipped 3.7%, while energy shipping firm Adnoc L&S decreased 3.9%. Abu Dhabi Commercial Bank, the UAE’s third-largest lender, fell 3.7%, despite reporting a 15% rise in third-quarter net profit to 3.56 billion dirhams ($969.26 million).7 Separately, the UAE is investing an additional €15 billion ($16.81 billion) in Greece, the Abu Dhabi Media Office said on Thursday, building on an existing joint investment initiative. Dubai and Abu Dhabi indexes posted weekly losses of 2.3% and 2.2%, respectively, according to LSEG data. Oil prices, a key driver of Gulf financial markets, drifted higher on Friday as Houthi attacks raised concerns about further disruption to Middle East energy supplies. Brent crude rose 1.3% to $114.61 a barrel by 1148 GMT. [...]

Apple's foldable iPhone hits stores with $2,000 price tag and scarce supply
October 23, 2026 11:28
Apple's foldable iPhone hits stores with $2,000 price tag and scarce supply

SYDNEY/SHANGHAI/LONDON: Apple’s first folding phone, the iPhone Duo, hit stores around the world on Friday with a price tag of about $2,000 and less of the fanfare that accompanied previous iPhone launches. From Singapore and Shanghai to London and Berlin, demand was strong but with sales rationed, there were fewer of the round-the-block queues and overnight camp-outs that once marked new iPhone days. Competitors such as Samsung Electronics and Huawei Technologies have sold premium foldable phones for years and the Duo is a test of whether Apple can reinvent the small foldable mobile market the way the iPhone did for smartphones. It is also an early challenge for Apple’s new CEO John Ternus, the former hardware chief who unveiled the phone barely a week after taking charge in September. Apple’s estimated delivery dates for the Duo had slipped to late January within minutes of pre-orders opening a week ago, as demand outpaced supply. The US company called the response “nothing short of extraordinary”. Apple capped pre-orders at two handsets per customer and limited sales to walk-in shoppers. In China, France, Hong Kong, India and Japan they were only available to those who had ordered online. Apple launches faster Mac mini, Mac Studio to tap AI boom In Sydney, which was the first Apple store to sell the new passport-shaped phones on Friday, a queue formed outside before opening at 8 a.m. local time (2100 GMT). “This is a bit of a luxury item for me, because it’s so expensive, but I just think, you know what? Life’s too short,” said Simon Krishnan, a 48-year-old engineer who paid A$3,899 ($2,734) for a 512GB Duo. In China, a soft consumer market and rising memory costs have led to six straight quarters of declining smartphone shipments, although Apple’s market share has rebounded as some buyers trade up to premium devices. Liu Wei, a 26-year-old healthcare professional, already has a foldable phone from Xiaomi, but still queued outside a Shanghai store from 6 a.m. for Apple’s first foldable. “I’ve used Apple products for many years and I have more trust (in the brand), so I bought one on launch day to try it out,” he said. Many queued to pick up pre-orders, while others hoped for limited stock or to browse display models. Others were resellers. In Hong Kong, May, 38, who declined to give his full name, bought a 256GB iPhone Duo, priced at HK$17,499 ($2,231.73), in an online pre-sale and planned to resell it for a profit of around HK$4,000. “A few meals’ worth of money,” he joked. Paul Francis, 53, was one of several dozen fans who queued overnight outside London’s Regent Street store in pouring rain. “Some people think it was mad. Including myself,” the charity manager said. Mixed reviews Early reviews have praised the Duo’s design as well as its sturdy and barely visible hinge, a major feat for phones whose prominent creased screen has long been a drawback and potential deterrent for buyers. Apple trains its own AI model for China market with Alibaba’s support, sources say But reviewers said camera compromises, including no telephoto lens, and third-party apps still to be reworked for the new display size could disappoint some buyers. They also said the folded Duo is less handy for the quick tasks most users do daily and several prominent reviewers recommended against it for many Apple customers. “It’s been a lot of fun trying the Duo out for a week, but it feels like I’ve gotten to use an extraordinarily polished prototype — not a finished product that I’d want to buy and carry,” wrote longtime Apple commentator John Gruber. Tech commentator Marques Brownlee said in a YouTube review that for a regular person who mostly texts and browses, “it is probably a no. But if the $2,000 doesn’t mean much to you, and you like the idea, after the learning curve and getting used to not having facial identification, it is a really fun phone.” In Berlin, YouTube content creator Patrick Wolter was impressed that the Duo works as a phone and an iPad in one. “I’ve always found it a hassle to carry around a separate tablet, especially since I already have a laptop and other gear,” he said. “In the long run, this will likely end up replacing those other devices.” Tough to find Apple’s entry into the relatively niche foldables market could bring the format to a much broader audience, said Francisco Jeronimo, vice president at market researcher IDC. IDC expects Apple will take 44% of the foldable market value in 2026 on 31% of units. By 2027, it will become the market leader both in value and units shipped, IDC forecast. “Apple has made a convincing case for this form factor,” Jeronimo said after spending a week with the Duo. “Now comes the next test: turning excitement into availability, adoption and a lasting new chapter for the smartphone market,” Jeronimo said. [...]

First Russian diesel from Putin-Trump deal heading for US, data shows
October 23, 2026 11:18
First Russian diesel from Putin-Trump deal heading for US, data shows

The first Russian diesel bound for the US following a surprise agreement reached between Moscow and US President Donald Trump is aboard a tanker heading for New York, ship-tracking data showed on Friday. Trump announced the dealthis month as part of his efforts to bring down soaring diesel prices ahead of November 3 US mid-term elections. Trump also waived parts of a new US sanctions law against Russia and threatened Europe with a US diesel export ban unless countries released more from their emergency reserves to help ease prices. The Malta-flagged medium-sized tanker Agioi Fanendes was loaded with 40,000 metric tons of ultra-low sulphur diesel in Russia’s Baltic port of Primorsk on October 22, according to LSEG shipping data. It is expected to arrive in the United States on November 7. Trump defends Russia diesel deal as lawmakers from both parties complain The identity of the buyer and seller were not immediately known. The cargo will be the first imported by the US since former President Joe Biden announced a ban on US imports of Russian oil and petroleum products in 2022. Trump announced on October 9 that Russia would immediately export 300,000 metric tons, or 2.25 million barrels, to the US and global markets, followed by 500,000 tons in November and 1 million tons “immediately thereafter.” A Kremlin spokesperson on Friday confirmed a first ship under the deal had departed but did not specify whether it was bound for the US market or elsewhere. “As far as I’m aware, there have already been reports from the Ministry of Energy that the first tanker has, in fact, set sail for its recipients, its buyers. Further shipments will continue at a steady pace from here on,” Kremlin spokesman Dmitry Peskov said on a daily conference call. The deal with the US involved Russia lifting a self-imposed ban on diesel exports. Trump says Russia to supply diesel to US and global market Russia resuming global exports Since the EU imposed a full embargo on imports of Russian oil products in February 2023 over the war in Ukraine, Russia has exported diesel mainly to Turkey and Brazil, as well as to African countries. It also supplies Central Asia by rail. Shipping data from LSEG and Kpler published this week showed Russian diesel cargoes resuming voyages to their traditional destinations after Moscow lifted its own ban, with at least two tankers signaling trips to Turkey and Brazil. It was unclear where other tankers were destined for, with cargoes loaded in Primorsk signalling Gibraltar, the Atlantic Coast or Port-Said, LSEG data showed. Russian Deputy Prime Minister Alexander Novak has said additional US shipments would follow as companies from the two countries work out the necessary contracts. Putin envoy Kirill Dmitriev, who also heads Russia’s sovereign wealth fund, said last week that the US Treasury had asked the fund to help sort out tricky payment issues relating to the agreement. Novak has said that Russia would be able to increase its diesel exports to its usual levels of 3-3.5 million tons per month by year-end. [...]

Copper rebounds as inventories, stock markets stabilise
October 23, 2026 11:10
Copper rebounds as inventories, stock markets stabilise

LONDON: Copper prices bounced on Friday after a sharp decline in the previous session as stock markets stabilised and the build-up of inventories slowed. Three-month copper on the London Metal Exchange gained 0.8% to $14,190 a metric ton by 1000 GMT, having slid 1.9% to a five-week low in the previous session. Metals markets were supported as a rout in global tech shares eased after concerns over the enormous funding needs of AI had hammered Wall Street. “Today we’ve got the Nasdaq futures bouncing after that sell-off yesterday, and that’s probably why we’re seeing some metals investors getting back in,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Investors were still nervous, and there was the risk of further losses in copper, especially if prices broke below the September low of $13,925, he added. Worries about excess inventories abated after daily data showed on Friday that LME copper stocks rose by 800 metric tons, having jumped by a fifth over the past week to 273,750 tons. In China, inventories in warehouses registered with the Shanghai Futures Exchange tumbled by 26.5%, weekly data showed on Friday. Investors were still concerned about the overhang of stocks in the United States, which has attracted huge flows of copper due to speculation about the government imposing tariffs, Hansen said. “That massive pile of copper in the US is clearly weighing on prices given the risk of re-exporting that copper into the rest of the market,” Hansen said. Nickel was the worst performer on the LME, giving up 1.8% to $15,825 a ton as traders awaited clearer signals from Chinese companies considering coordinated output cuts at their Indonesian operations. The International Nickel Study Group last week forecast a small global surplus this year, reversing an earlier deficit forecast. Among other metals, LME aluminum dipped 0.1% to $3,007 a ton, zinc gained 1.1% to $3,710, lead was little changed at $1,898, and tin rose 1.3% to $50,715. [...]

GLP-1 boom in China, India, Brazil could create $22bn market by 2035, J.P. Morgan says
October 23, 2026 11:05
GLP-1 boom in China, India, Brazil could create $22bn market by 2035, J.P. Morgan says

The combined China-India-Brazil market for weight-loss drugs could grow to $22 billion by 2035 from $6.6 billion currently, J.P. Morgan estimated, as improving affordability and broader access drive adoption in largely untapped patient populations. The addressable market could grow at an annual rate of 15% through 2035, J.P. Morgan analysts led by Yang Huang said in a note on Friday, given the countries’ large diabetes and obesity burdens. GLP-1 drugs, such as Novo Nordisk’s Ozempic and Wegovy and Eli Lilly’s Zepbound, have become some of the most sought-after medicines for weight-loss and diabetes treatment globally. China and India are home to some of the world’s largest diabetes patient populations, accounting for more than 25% and 15% of global diagnosed cases, respectively, while about 12% of Brazilian adults have diabetes, according to J.P. Morgan. The three countries also face a growing obesity burden. China’s overweight and obese population could exceed 65% by 2030, while India’s adult obesity rate is projected to reach 11% by 2035. “GLP-1 is transitioning from a developed-market growth theme to a broader global access story…” the analysts said. “With patent cliffs, generic launches and policy-engineered price cuts now improving GLP-1 affordability, the three markets are converging on the same destination.” Under-tapped markets GLP-1’s uptake in many emerging markets has remained low due to affordability concerns. Penetration is below 0.1% in China and under 0.2% in India, versus 4%-5% in the US, according to the note. While Brazil is currently the largest of the three markets, obesity-drug penetration is projected to reach only 7%-8% of its obese population by 2035, compared with about 30% in the US. J.P. Morgan expects China to overtake Brazil by 2027, with its market reaching $13.7 billion by 2035, versus $8 billion for Brazil, supported by its large diabetes burden and wider reimbursement for GLP-1 therapies. For India, the smallest of the three markets, conservative attitudes toward GLP-1 drugs, alongside affordability concerns, remain key barriers to adoption, J.P. Morgan said, as hesitancy around injectables and slow-shifting cultural attitudes persist. The brokerage highlighted China’s Innovent, Divi’s Laboratories and Torrent Pharmaceuticals in India, and Brazil’s RD Saude as its key stocks to play the GLP-1 growth theme. [...]

India's Adani Power quarterly profit doubles on strong power demand, one-off gains
October 23, 2026 10:58
India's Adani Power quarterly profit doubles on strong power demand, one-off gains

India’s Adani Power reported a more than 100% rise in quarterly profit on Friday, boosted by strong power demand due to a weak monsoon season and one-off gains. The company, part of billionaire Gautam Adani-led Adani group, said its net profit rose to 69.20 billion rupees ($728.9 million) in the three months ended September 30 from 29.53 billion rupees a year earlier. Profit was boosted by 24.22 billion rupees in one-time revenue, after revisions to historical energy charges under certain power purchase agreements. The firm also benefited from a 12.11 billion rupee reversal of earlier tax expenses. India’s Adani Enterprises eyes $210 mln fundraise via rupee debt, bankers say Adani Power’s revenue from operations increased 44.5% to 194.39 billion rupees, while power sales rose by 11.5%. Total expenses rose 27.2% during the quarter. Jefferies analysts said power demand has risen 10% year-over-year so far in fiscal 2027. El Nino has been partly responsible, and this could extend into 2027, said Jefferies, adding that state electricity boards are discussing locking in 2027 power as shortages could reappear with rising temperatures. [...]

Surging oil prices drag Indian shares to weekly losses
October 23, 2026 10:53
Surging oil prices drag Indian shares to weekly losses

Indian shares fell on Friday and logged weekly losses as surging oil prices amid Middle East tensions stoked concerns over inflation and company earnings. The benchmark Nifty 50 fell 0.39% to 22,600, and the Sensex shed 0.17% to 73,123.83. The indexes lost 2.4% and 2.2% this week, respectively, with sentiment dampened by a rise in Brent crude oil futures to about $114 on energy supply fears after attacks on top exporter Saudi Arabia by Yemen’s Houthis. “Oil is an immediate pressure point, while the impact of a weaker monsoon on water availability is a slower-burning risk,” said Rushabh Sheth, co-founder and co-CIO at Karma Capital. “With clear macro headwinds facing markets over the next few quarters, a narrowing market is becoming a reality, meaning fewer stocks are likely to perform well across segments.” Demand for billionaire Mukesh Ambani’s Jio Platforms record $3.2 billion IPO, which swelled to 13.8 times as of the closing of the secondary market also drained liquidity during the week, analysts at SMC Global and Motilal Oswal Financial Services said. Fifteen of the 16 major sectors logged weekly losses. The broader small-caps and mid-caps underperformed benchmarks, losing 7.3% and 5.6% and posting their worst week in 20 months. Consumer durables, energy, FMCG and auto lost 6.4%, 4.6%, 4.3% and 3.5%, as higher oil dampened earnings outlook for the sectors that use crude as a key raw material. The heaviest-weighted benchmark stock, HDFC Bank, lost 5% during the week after missing quarterly profit estimates. Axis Bank lost 5.6% on earnings miss, while Bajaj Finance dropped 5.4% as concerns over pressure on lending margins outweighed a rise in quarterly profit. On the day, Swiggy tumbled 16.8% to a record low, on concerns over the company’s ability to turn around its quick-commerce unit and margins in its food delivery business. Colgate-Palmolive India dropped 4.8% after the quarterly profit missed estimates. [...]

Indian rupee little changed this week as oil-fueled declines wipe out early gains
October 23, 2026 10:52
Indian rupee little changed this week as oil-fueled declines wipe out early gains

MUMBAI: The Indian rupee weakened for a second straight session on Friday as surging oil prices spurred risk aversion, erasing gains made earlier in the week and leaving the currency little changed, despite easing expectations of further US rate hikes. The Indian rupee opened the session marginally higher at 94.79 against the US dollar, but turned lower in early trades to hit a low of 94.9725. The currency ended 0.1% lower for the day at 94.9400, after depreciating by 0.4% on Thursday. It was little changed for the week, after rising 1.4% last week. Oil prices rose in the latter half of the week including in Asian hours, with the benchmark Brent crude touching a more than five-month high, after attacks in Saudi Arabia by Yemen’s Houthis stoked concern over further disruption to energy supplies from the region. The Brent crude contract was hovering around $114 per barrel, and is on track to post a third straight weekly surge. While facing a shock from oil prices, investors have been reassessing technology trades and pulling back from riskier assets on worries about stretched valuations for artificial intelligence-led companies, leading to a selloff in stocks and rising demand for safe-haven US Treasuries. The odds of a rate hike by the Federal Reserve have dropped to single digits from as high as 70% a month ago, which provided brief relief to the rupee in the early session, but oil worries outweighed the positive move. Energy prices have remained elevated fuelling concerns about inflation and imported energy costs, which hit the nation’s current account calculations. Currency traders also cited some residual flows linked to the Jio Platforms initial public offering. These flows, alongside the unwinding of dollar-long positions triggered by the Reserve Bank of India’s latest measures, had lifted the currency to a six-week high of 94.30 per dollar on Thursday, before importers stepped up dollar purchases. “The RBI’s recent FX measures are short-term stabilizers, not necessarily unjustified, but insufficient to alter the medium-term bearish outlook on the rupee,” Apoorva Javadekar, chief economist at Shriram Research, said. [...]

Investors pile into Ambani’s Jio IPO as bids top 13 times
October 23, 2026 10:43
Investors pile into Ambani’s Jio IPO as bids top 13 times

NEW DELHI: Subscriptions for India’s biggest stock listing ever surged further on the final day of bidding on Friday, as investors bet on Jio Platforms’.2 billion offering to tap into the nation’s telecom and digital sector. Billionaire Mukesh Ambani’s first initial public offering in two decades is being closely watched as a test of investor appetite for large listings when AI-linked stocks are facing increased scrutiny. Jio, whose mobile network serves more than 500 million users, is launching its initial public offering during the auspicious Hindu festive season. The Jio IPO has received more than 12 million applications, the most ever in India, said a Reliance official familiar with the matter. In contrast, Chinese memory chip giant CXMT’s $8.6 billion IPO, the biggest in Asia this year, attracted investments from around 9.4 million accounts. India’s Jio IPO opens for public bids in record $3.2 billion sale Reliance seen as long-term wealth generator Public subscriptions for Jio’s IPO have exceeded 13 times the shares on offer, driven by strong demand from institutional and retail investors, employees and shareholders. If bids were largely placed near the 1,119-rupee ($11.79) top of the IPO’s price band, demand exceeds $30.5 billion. That is on top of so-called anchor investors like the Abu Dhabi Investment Authority, BlackRock and Fidelity that bid for their quotas on Monday. Their reserved $854 million worth of shares received bids of over $25 billion. “This is a Reliance IPO after a long time, which is triggering a lot of exuberance and euphoria for the stock,” said Kranthi Bathini, equity strategist at WealthMills Securities. The IPO values Jio Platforms at up to $108.3 billion, potentially making it one of India’s biggest companies by market capitalisation when trading starts ​on Wednesday. Jio, led by Ambani’s eldest son, Akash Ambani, counts Meta Platforms and Alphabet’s Google among its old investors. The IPO got off to an unusually rapid start on Wednesday, when the offering was fully subscribed within two hours of opening. That contrasts with most Indian IPOs, where books typically build gradually and institutional investors often wait until the final hours to place bids. Jio is part of Ambani’s Reliance Industries, a company often seen by Indian investors as a long-term wealth generator. Reliance shares have returned around 900% since 2006, beating the benchmark Nifty index’s 685% return, LSEG data shows. Jio’s telecoms business, launched in 2016, disrupted the market by offering free voice and data, hitting rivals Bharti Airtel and Vodafone Idea. Today, on the ​basis of customers in a single country, Jio’s 500 million-plus users are second only to China Mobile’s. As of Friday, the institutional portion of the IPO was subscribed 35 times, underscoring strong demand from large investors. The retail tranche was covered 2.48 times, while bids for the employee and existing Reliance shareholder quotas reached 2.77 and 7.16 times the shares on offer, respectively, exchange data showed. Reliance was founded by Dhirubhai Ambani, Akash Ambani’s grandfather, who cultivated a vast retail investor base through mass shareholder gatherings in Mumbai in the 1980s. On its website, the conglomerate says its 1977 listing helped popularise equity investing in India, “ushering the equity cult” in the country. [...]

Govt raises diesel price by Rs1.91 per litre, keeps petrol unchanged
October 23, 2026 6:34
Govt raises diesel price by Rs1.91 per litre, keeps petrol unchanged

The government has increased the price of high-speed diesel (HSD) by Rs1.91 per litre while keeping petrol price unchanged, effective for the next three days. According to a press release issued by the Petroleum Division on Friday, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism. Following the revision, the price of HSD has increased from Rs391.75 to Rs393.66 per litre, while petrol price remains unchanged at Rs377.71 per litre. The revised prices will be effective from October 24 to 26, 2026. OGRA said the change in prices was necessitated by global developments, including changes in Platts rates, premiums and incidentals. The government on Thursday increased the price of high-speed diesel by Rs1.64 per litre and reduced petrol price by Rs1.60 per litre. Globally, oil prices rose on Friday, with Brent crude touching a more than five-month high, after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East. Brent crude futures gained $1.40, or 1.2%, to $114.57 a barrel by 1138 GMT, having earlier reached $115 for the highest level since May 4. US West Texas Intermediate crude gained $1.48, or 1.5%, to $100.95. The Brent benchmark is on track for a third consecutive weekly gain, of 4.2%, while WTI is poised to finish 0.5% down on the week. [...]

Govt approves Karachi Industrial Park as federal special economic zone
October 23, 2026 5:48
Govt approves Karachi Industrial Park as federal special economic zone

The government has approved Karachi Industrial Park (KIP) as a federal Special Economic Zone (SEZ), aiming to attract export-oriented investment, promote technology transfer and generate employment. The approval was granted at the 11th meeting of the Board of Approvals (BOA) for SEZs, chaired by Finance Minister Muhammad Aurangzeb in Islamabad on Friday, according to a Finance Division press release. The board also approved general eligibility criteria for providing utilities and allied services to privately established SEZs through government funding, under the SEZ Act, 2012. The criteria establish a framework for considering government-funded road access, utilities and other essential infrastructure up to the designated zero point of privately established zones on a case-by-case basis. In another decision, the board approved a land lease policy for public-sector SEZs and industrial estates in Punjab to facilitate industrial investment by reducing upfront land costs and promoting the efficient use of public industrial land. The policy seeks to encourage investment in key industrial sectors and emerging industries with high export potential through long-term leasing arrangements. The decisions reflect the government’s efforts to facilitate industrialisation, improve the investment climate and encourage greater private-sector participation in export-oriented production. The meeting was attended by Federal Minister for Board of Investment Qaiser Ahmed Sheikh, Planning Minister Ahsan Iqbal, Commerce Minister Jam Kamal Khan, Adviser to the Prime Minister on Industries and Production Haroon Akhtar Khan, and Punjab Minister for Industries, Commerce and Investment Shafay Hussain. Senior officials from the Finance Division, Board of Investment, Special Investment Facilitation Council (SIFC), federal and provincial SEZ authorities, relevant ministries and provincial departments, along with sector representatives, also attended the meeting. [...]

Pakistan’s industrial policy - from ambition to competitiveness
October 23, 2026 5:05
Pakistan’s industrial policy - from ambition to competitiveness

The government’s National Industrial Policy (NIP) presents an important opportunity to strengthen Pakistan’s industrial base, increase exports and create a more competitive business environment. The real test, however, is not whether the country announces ambitious targets or provides relief to industry, but whether Pakistani businesses become more productive, develop higher-value products and compete successfully in international markets. In May 2025, the government announced a target of $60 billion in export growth over the next five years and called for sector-based business plans with measurable targets. Yet Pakistan’s merchandise exports fell from $32.04 billion in FY2024–25 to $30.14 billion in FY2025–26, a decline of about 5.9%. This contrast underlines the need to connect national ambitions with practical steps that businesses can act upon. The government should clarify the baseline and scope of its export target and publish a clear pathway showing how it intends to achieve it. Growth is not enough Pakistan has capable entrepreneurs and established manufacturing sectors, but its industrial potential has not translated into sustained export growth or sufficient diversification. The World Bank reports that exports declined from an average of 16% of gross domestic product (GDP) in the 1990s to approximately 10.4% in 2024. (World Bank, Pakistan Development Update, October 2025). The challenge is therefore not simply to produce more, but to improve productivity, quality and the value of what the country sells. There are encouraging signs of recovery in manufacturing. Large-scale manufacturing grew by 4.98% in FY2025–26, according to provisional figures from the Pakistan Bureau of Statistics. However, higher output alone does not establish that industries have become more competitive internationally. Sustainable industrial growth requires firms to produce efficiently, meet international standards, deliver reliably and respond to changing market demand. High energy costs, taxation, expensive financing, costly imported inputs and unpredictable regulations can undermine even a well-managed business. The government must address these constraints through predictable policies, efficient regulation and a business environment that encourages investment. But lower costs alone will not guarantee success. A manufacturer may receive cheaper electricity and still lose customers if product quality is inconsistent, delivery is unreliable or production methods are outdated. Pakistan does not need to abandon established industries to build a stronger industrial base. It needs to help them move towards higher-value products. In textiles, for example, competing mainly on the price of basic fabric leaves manufacturers exposed to cost pressures and international competition. Specialised fabrics, technical textiles, better-designed garments and products developed for particular markets can create greater value. Similar opportunities exist in surgical instruments, sports goods, leather products, food processing and engineering. Moving in this direction requires modern machinery, technical skills, product design, quality control and a better understanding of international buyers. The government should work with industry associations, exporters and technical institutions to identify practical barriers to upgrading and help businesses overcome them. Build capability, not dependence One of the most useful roles for government is to provide industrial facilities that individual businesses, particularly smaller firms, cannot afford to establish independently. A manufacturer may have a promising product but lack access to specialised testing, certification, technical advice or modern equipment. Without these services, it may struggle to meet international standards or become a supplier to a larger company. Industrial clusters could benefit from shared technology centers, testing laboratories, product development facilities and practical training programmes. These could be developed through partnerships among government, industry associations, universities and private institutions, with services designed around actual business needs. The World Bank has identified technology centers and common facility centers as ways to help smaller manufacturers access specialised equipment and technical services. Industrial strength also depends on smaller businesses supplying components, packaging, maintenance and specialised services to larger manufacturers. The government can help these suppliers through technical training, certification and structured partnerships with major companies. The objective should not be to force firms to purchase locally regardless of cost or quality, but to help Pakistani suppliers become competitive enough to win business on commercial merit. The same principle applies to financial incentives and protection. These can help businesses overcome specific disadvantages, adopt technology or develop new products, but they become counterproductive when firms depend on them indefinitely. Tariffs that make imported machinery, chemicals or intermediate goods more expensive can protect one producer while raising costs for other manufacturers and exporters. Evidence from Pakistan reinforces this concern. A 2025 World Bank study of textile export subsidy schemes found that the incentives had a small overall effect on exports while shifting export activity towards products receiving higher rebates, particularly garments. This suggests that incentives can change what firms export without necessarily producing a comparable increase in total exports. The lesson is not that all incentives should be abandoned. It is that support should address a clearly identified obstacle and help businesses develop capabilities they can sustain. Assistance for technology adoption, workforce training, quality certification and export development can offer a stronger long-term return than protection that simply shields firms from competition. Turn ambition into delivery The most important question is how the National Industrial Policy will be translated into practical, measurable action. An export target is useful only when businesses and government departments know which sectors are expected to contribute, what obstacles must be removed and when progress will be assessed. The government should publish a clear implementation framework setting out annual export milestones, sector-specific priorities, the incentives available and the institutions responsible for delivery. The framework should also explain how progress will be reviewed and what corrective action will follow if targets are missed. The export ambition needs a credible route from the present position to the stated goal, not simply a headline figure. Coordination across government is equally essential. Industrial energy costs, taxation, trade policy and investment incentives affect the same manufacturer, yet decisions are often handled by separate institutions. The government should assign clear responsibility for addressing the main barriers to industrial competitiveness and ensure that decisions across departments support a common objective: making production in Pakistan more competitive without undermining the financial sustainability of the energy sector. Implementation should also be informed by businesses themselves. Regular consultation with manufacturers, exporters, smaller suppliers and industry associations can help identify which constraints are most damaging and which interventions are producing results. Reviews should focus on measurable improvements in productivity, investment, product quality and exports, rather than the number of meetings held or incentives announced. Pakistan does not need an industrial policy that promises everything to everyone. It needs one that concentrates resources on removing genuine barriers to growth and building capabilities that individual firms cannot easily develop alone. The real test of Pakistan’s industrial policy is whether it makes local industry competitive enough to succeed without depending indefinitely on government protection. Higher production is valuable, but stronger exports, better products, higher productivity and capable local suppliers would give industrial growth a firmer foundation. By turning its ambitions into clear priorities, accountable implementation and sustained support for industrial upgrading, the government can help build an industrial sector that contributes more reliably to exports, investment and long-term economic growth. The article does not necessarily reflect the opinion of Business Recorder or its owners. [...]

Zelenskiy says Ukrainian, Russian and US negotiators to meet in early November in Abu Dhabi
October 23, 2026 4:31
Zelenskiy says Ukrainian, Russian and US negotiators to meet in early November in Abu Dhabi

WASHINGTON: Ukrainian President Volodymyr Zelenskiy said on Friday that peace negotiators from Ukraine, Russia and the United States had agreed to meet at a technical level in the first half of November in Abu Dhabi, adding that he hoped a meeting of the countries’ leaders would follow. Zelenskiy said he spoke with US envoys Jared Kushner and Steve Witkoff on Friday after their meeting with Russian President Vladimir Putin earlier this week. He said any peace agreement would need strong security guarantees for Ukraine and funding for 10 years to maintain the Ukrainian army. “The plan is to meet in the first half of November, and as early as possible, of course,” Zelenskiy told the Hudson Institute think tank via a video link. He said much would depend on Russia, noting that a similar meeting expected this month had not materialized. Melania Trump secures Oleshky ceasefire between Russia, Ukraine, White House says Zelenskiy stressed the importance of continued diplomatic efforts to reach a ceasefire and end the war, now in its fifth year, adding that Europe should also be involved in the talks. The Ukrainian president said it was critical for the technical discussions to be followed by a meeting of the countries’ leaders. Ukraine’s military was still grappling with access to Starlink communications systems, Zelenskiy said, despite US assurances that speed restrictions had been removed. Putin agrees to resume 3-way peace talks with Ukraine and US “The speed limits on Starlink and Starshield are still there, and the speed has not been restored,” he said, contradicting a statement by US President Donald Trump that the services had been fully restored. Ukraine was also waiting for a shipment of air defense interceptors that had been previously agreed, Zelenskiy said, complicating Ukrainian defensive efforts in the face of nearly daily massive attacks by Russian drones and missiles. [...]

Trump weighs quick end to Iran war against letting conflict ‘wither’
October 23, 2026 3:59
Trump weighs quick end to Iran war against letting conflict ‘wither’

WASHINGTON: President Donald Trump said on Friday the United States could end the war with Iran quickly, but questioned whether Washington should seek a swift conclusion or allow the conflict to gradually wind down. “We could end it very quickly,” Trump said. “Do we want to finish it off or just want to let it wither?” Iran’s Araqchi blames US for Strait of Hormuz tensions, calls for diplomacy Speaking to reporters on the White House South Lawn as he left on a trip to Florida, Trump said oil is getting out through the Strait of Hormuz. “We are getting everything we want,’ he said. [...]

Gucci owner Kering drops 16% as luxury braces for tough winter
October 23, 2026 3:56
Gucci owner Kering drops 16% as luxury braces for tough winter

LONDON: Shares in Gucci owner Kering tumbled 16% on Friday, set for their worst day ever after the group reported further sales declines but said it would stick with CEO Luca de Meo’s turnaround plan and accelerate store closures, aiming for 125 by year-end. The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter. Riots in Paris, leaving Louis Vuitton shop windows smashed and electric-bike bonfires near luxury shopping mecca Place Vendome, as well as in Milan, have forced stores to close and thrown into sharp relief the political risk faced by luxury brands not just abroad but also at home. Shares in Hermes were also down 4%, hitting a four-year low while LVMH fell 1.5%, as crude prices hit $115 a barrel, their highest level since early May. High gasoline prices are squeezing household budgets and making consumers less willing to splurge on handbags and designer clothes. Gucci’s new ‘Made in China’ sneaker models break with Italian tradition Harsharan Mann, global equity portfolio manager at Aviva Investors in London, said luxury labels may need to bring down entry-level product prices further to lure shoppers back. “If the pricing is still a bit out of touch or the consumer still thinks prices are too high to digest, then you can have the best creativity, but is the consumer going to engage with the product?” she said. Even Americans, who have been a bright spot for luxury, are curbing their spending ahead of midterm elections, according to credit card data. Gucci struggling to recover Kering has been highly volatile as investors look for tentative signs of improvement at Gucci after years of falling revenue. But Gucci’s decline has continued despite de Meo’s plan to make the brand’s prices more enticing to middle-class consumers and creative director Demna’s Primavera collection - including a $5,900 crystal-encrusted bodycon dress - hitting stores in mid-July. Gucci sales improved in wholesale, but were down 6% overall. Gucci’s Demna blends aristocracy and pop culture at Milan Fashion Week “The progress made on improving brand desirability remains in its very early stages,” JPMorgan analyst Chiara Battistini said in a note. Kering’s finance chief said the brand’s recovery would be “gradual” and that weak footfall was the main challenge, especially in China. While Kering struggles to execute a turnaround against a weak economic backdrop, even high-end Hermes is showing signs of slowing, with its ready-to-wear division falling 2% in the third quarter due to weak Chinese demand. Overall, Hermes reported its weakest quarterly sales growth since 2020. Across the sector, valuations have taken a beating as investors reassess future growth prospects. After a 40% slide in share price since January 1, Hermes’ valuation is its lowest since 2014, while LVMH’s is at a 10-year low. [...]

Gold price per tola falls Rs7,000 in Pakistan
October 23, 2026 3:43
Gold price per tola falls Rs7,000 in Pakistan

Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs424,536 after a decline of Rs7,000 during the day. Similarly, 10-gram gold was sold at Rs363,971 after it fell by Rs6,001, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs431,536 after a decline of Rs3,000 during the day. The international rate of gold declined by $70 to reach $4,020 per ounce. Meanwhile, the price of silver also decreased by Rs221 to reach Rs5,865 per tola. [...]

Pakistan rupee registers gain against US dollar
October 23, 2026 3:33
Pakistan rupee registers gain against US dollar

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border-radius: 12px; box-shadow: 0 8px 16px -3px rgba(79, 70, 229, 0.25); } #pkr-chart-embed .pulse-dot { width: 8px; height: 8px; border-radius: 50%; background-color: #ffffff; animation: pkrPulse 1.5s infinite; } @keyframes pkrPulse { 0% { transform: scale(0.95); opacity: 0.6; } 50% { transform: scale(1.15); opacity: 1; } 100% { transform: scale(0.95); opacity: 0.6; } } #pkr-chart-embed .toolbar { display: flex; justify-content: space-between; align-items: center; flex-wrap: wrap; gap: 12px; margin-bottom: 16px; padding-bottom: 12px; border-bottom: 1px solid #f1f5f9; } #pkr-chart-embed .timeframe-selector { display: flex; gap: 4px; background: #f1f5f9; padding: 3px; border-radius: 10px; } #pkr-chart-embed .tf-btn { border: none; background: transparent; font-family: inherit; font-size: 12px; font-weight: 600; color: #64748b; padding: 5px 12px; border-radius: 7px; cursor: pointer; transition: all 0.2s ease; } #pkr-chart-embed .tf-btn.active { background: #ffffff; color: #4f46e5; box-shadow: 0 1px 3px rgba(0,0,0,0.1); } #pkr-chart-embed .stats-row { display: flex; gap: 16px; flex-wrap: wrap; } #pkr-chart-embed .stat-item { font-size: 12px; color: #64748b; } #pkr-chart-embed .stat-item strong { color: #0f172a; font-weight: 700; } #pkr-chart-embed .chart-canvas-container { position: relative; width: 100%; height: 380px; } @media (max-width: 768px) { #pkr-chart-embed .chart-canvas-container { height: 300px; } #pkr-chart-embed .top-row { flex-direction: column; align-items: flex-start; } #pkr-chart-embed .rate-badge-container { align-items: flex-start; } #pkr-chart-embed .rate-label-sub { text-align: left; } #pkr-chart-embed .toolbar { flex-direction: column; align-items: flex-start; } } PKR vs USD Exchange Rate USD / PKR Calculator USD = PKR Latest Closing 23-Oct-26 276.82 PKR 1M 3M 6M 1Y ALL High: -- Low: -- Avg: -- Change: -- (function() { // Historical closing rate dataset updated with 23-Oct-26 const rawLabels = ["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", "04-Jun-25", "05-Jun-25", "10-Jun-25", "11-Jun-25", "12-Jun-25", "13-Jun-25", "16-Jun-25", "17-Jun-25", "18-Jun-25", "19-Jun-25", "20-Jun-25", "23-Jun-25", "24-Jun-25", "25-Jun-25", "26-Jun-25", "27-Jun-25", "30-Jun-25", "02-Jul-25", "03-Jul-25", "04-Jul-25", "07-Jul-25", "08-Jul-25", "09-Jul-25", "10-Jul-25", "11-Jul-25", "14-Jul-25", "15-Jul-25", "16-Jul-25", "17-Jul-25", "18-Jul-25", "21-Jul-25", "22-Jul-25", "23-Jul-25", "24-Jul-25", "25-Jul-25", "28-Jul-25", "29-Jul-25", "30-Jul-25", "31-Jul-25", "01-Aug-25", "04-Aug-25", "05-Aug-25", "06-Aug-25", "07-Aug-25", "08-Aug-25", "11-Aug-25", "12-Aug-25", "13-Aug-25", "15-Aug-25", "18-Aug-25", "19-Aug-25", "20-Aug-25", "21-Aug-25", "22-Aug-25", "25-Aug-25", "26-Aug-25", "27-Aug-25", "28-Aug-25", "29-Aug-25", "01-Sep-25", "02-Sep-25", "03-Sep-25", "04-Sep-25", "05-Sep-25", "08-Sep-25", "09-Sep-25", "10-Sep-25", "11-Sep-25", "12-Sep-25", "15-Sep-25", "16-Sep-25", "17-Sep-25", "18-Sep-25", "19-Sep-25", "21-Sep-25", "22-Sep-25", "23-Sep-25", "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", "09-Feb-26", "10-Feb-26", "11-Feb-26", "12-Feb-26", "13-Feb-26", "16-Feb-26", "17-Feb-26", "18-Feb-26", "20-Feb-26", "23-Feb-26", "24-Feb-26", "25-Feb-26", "26-Feb-26", "27-Feb-26", "02-Mar-26", "03-Mar-26", "04-Mar-26", "05-Mar-26", "06-Mar-26", "09-Mar-26", "10-Mar-26", "11-Mar-26", "12-Mar-26", "13-Mar-26", "16-Mar-26", "17-Mar-26", "18-Mar-26", "19-Mar-26", "24-Mar-26", "25-Mar-26", "26-Mar-26", "27-Mar-26", "30-Mar-26", "31-Mar-26", "01-Apr-26", "02-Apr-26", "03-Apr-26", "04-Apr-26", "06-Apr-26", "07-Apr-26", "08-Apr-26", "09-Apr-26", "10-Apr-26", "13-Apr-26", "14-Apr-26", "14-Apr-26", "15-Apr-26", "16-Apr-26", "17-Apr-26", "20-Apr-26", "21-Apr-26", "22-Apr-26", "23-Apr-26", "24-Apr-26", "27-Apr-26", "28-Apr-26", "29-Apr-26", "30-Apr-26", "04-May-26", "05-May-26", "06-May-26", "07-May-26", "08-May-26", "11-May-26", "12-May-26", "13-May-26", "14-May-26", "15-May-26", "18-May-26", "19-May-26", "20-May-26", "21-May-26", "22-May-26", "25-May-26", "29-May-26", "01-Jun-26", "02-Jun-26", "03-Jun-26", "04-Jun-26", "05-Jun-26", "08-Jun-26", "09-Jun-26", "10-Jun-26", "11-Jun-26", "12-Jun-26", "15-Jun-26", "16-Jun-26", "17-Jun-26", "18-Jun-26", "19-Jun-26", "22-Jun-26", "23-Jun-26", "24-Jun-26", "29-Jun-26", "30-Jun-26", "02-Jul-26", "03-Jul-26", "06-Jul-26", "07-Jul-26", "08-Jul-26", "09-Jul-26", "10-Jul-26", "13-Jul-26", "14-Jul-26", "15-Jul-26", "16-Jul-26", "17-Jul-26", "20-Jul-26", "21-Jul-26", "22-Jul-26", "23-Jul-26", "24-Jul-26", "27-Jul-26", "28-Jul-26", "29-Jul-26", "30-Jul-26", "03-Aug-26", "04-Aug-26", "05-Aug-26", "06-Aug-26", "07-Aug-26", "10-Aug-26", "11-Aug-26", "12-Aug-26", "13-Aug-26", "17-Aug-26", "18-Aug-26", "20-Aug-26", "21-Aug-26", "24-Aug-26", "25-Aug-26", "27-Aug-26", "28-Aug-26", "31-Aug-26", "01-Sep-26", "02-Sep-26", "03-Sep-26", "04-Sep-26", "07-Sep-26", "08-Sep-26", "09-Sep-26", "10-Sep-26", "11-Sep-26", "14-Sep-26", "15-Sep-26", "16-Sep-26", "17-Sep-26", "18-Sep-26", "21-Sep-26", "22-Sep-26", "23-Sep-26", "24-Sep-26", "25-Sep-26", "28-Sep-26", "29-Sep-26", "30-Sep-26", "01-Oct-26", "02-Oct-26", "05-Oct-26", "06-Oct-26", "07-Oct-26", "08-Oct-26", "09-Oct-26", "12-Oct-26", "13-Oct-26", "14-Oct-26", "15-Oct-26", "16-Oct-26", "19-Oct-26", "20-Oct-26", "21-Oct-26", "22-Oct-26", "23-Oct-26"]; const rawData = [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, 284.87, 284.95, 284.97, 284.76, 284.22, 283.45, 283.21, 283.05, 282.95, 282.87, 282.66, 282.57, 282.67, 282.56, 282.47, 282.45, 282.42, 282.22, 282.06, 282.01, 281.96, 281.95, 281.92, 281.90, 281.87, 281.86, 281.83, 281.80, 281.77, 281.75, 281.72, 281.71, 281.67, 281.65, 281.62, 281.61, 281.60, 281.56, 281.55, 281.52, 281.51, 281.50, 281.47, 281.46, 281.45, 281.46, 281.42, 281.43, 281.41, 281.37, 281.35, 281.32, 281.31, 281.27, 281.26, 281.25, 281.22, 281.21, 281.20, 281.17, 281.16, 281.15, 281.12, 281.11, 281.10, 281.07, 281.06, 281.05, 281.03, 281.02, 281.01, 280.97, 280.96, 280.92, 280.91, 280.90, 280.87, 280.86, 280.85, 280.82, 280.81, 280.78, 280.77, 280.76, 280.72, 280.71, 280.67, 280.66, 280.66, 280.65, 280.62, 280.61, 280.57, 280.56, 280.55, 280.52, 280.51, 280.47, 280.46, 280.45, 280.42, 280.41, 280.40, 280.37, 280.36, 280.32, 280.31, 280.30, 280.27, 280.26, 280.25, 280.22, 280.21, 280.20, 280.17, 280.16, 280.15, 280.12, 280.11, 280.10, 280.07, 280.06, 280.05, 280.02, 280.01, 280.00, 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, 279.70, 279.67, 279.66, 279.65, 279.62, 279.61, 279.60, 279.57, 279.56, 279.55, 279.52, 279.51, 279.50, 279.47, 279.46, 279.45, 279.42, 279.41, 279.40, 279.37, 279.36, 279.35, 279.32, 279.31, 279.30, 279.27, 279.26, 279.25, 279.22, 279.21, 279.20, 279.17, 279.16, 279.15, 279.12, 279.11, 279.10, 279.07, 279.06, 279.05, 279.02, 279.01, 279.00, 278.97, 278.96, 278.95, 278.92, 278.91, 278.90, 278.87, 278.86, 278.85, 278.82, 278.81, 278.80, 278.77, 278.76, 278.75, 278.72, 278.71, 278.70, 278.67, 278.66, 278.65, 278.62, 278.61, 278.60, 278.57, 278.56, 278.55, 278.52, 278.51, 278.50, 278.47, 278.46, 278.45, 278.42, 278.41, 278.40, 278.37, 278.36, 278.35, 278.32, 278.31, 278.30, 278.27, 278.26, 278.25, 278.22, 278.21, 278.20, 278.17, 278.16, 278.15, 278.12, 278.11, 278.10, 278.07, 278.06, 278.05, 278.02, 278.01, 278.00, 277.95, 277.95, 277.92, 277.91, 277.90, 277.87, 277.86, 277.85, 277.82, 277.81, 277.80, 277.77, 277.76, 277.75, 277.72, 277.71, 277.70, 277.67, 277.66, 277.65, 277.62, 277.61, 277.57, 277.56, 277.55, 277.52, 277.51, 277.50, 277.47, 277.46, 277.45, 277.42, 277.41, 277.40, 277.37, 277.36, 277.35, 277.32, 277.31, 277.30, 277.27, 277.26, 277.25, 277.22, 277.21, 277.20, 277.17, 277.16, 277.15, 277.12, 277.11, 277.10, 277.07, 277.06, 277.05, 277.02, 277.01, 277.00, 276.97, 276.96, 276.95, 276.92, 276.91, 276.90, 276.87, 276.86, 276.85, 276.82]; const currentExchangeRate = rawData[rawData.length - 1]; const usdInput = document.getElementById('usdInput'); const pkrInput = document.getElementById('pkrInput'); const latestBadgeRate = document.getElementById('latestBadgeRate'); const latestDateLabel = document.getElementById('latestDateLabel'); const statHigh = document.getElementById('statHigh'); const statLow = document.getElementById('statLow'); const statAvg = document.getElementById('statAvg'); const statChange = document.getElementById('statChange'); const tfBtns = document.querySelectorAll('.tf-btn'); if (latestDateLabel) latestDateLabel.textContent = rawLabels[rawLabels.length - 1]; if (latestBadgeRate) latestBadgeRate.textContent = `${currentExchangeRate.toFixed(2)} PKR`; if (pkrInput) pkrInput.value = (1 * currentExchangeRate).toFixed(2); if (usdInput && pkrInput) { usdInput.addEventListener('input', function() { const val = parseFloat(this.value); pkrInput.value = !isNaN(val) ? (val * currentExchangeRate).toFixed(2) : ''; }); pkrInput.addEventListener('input', function() { const val = parseFloat(this.value); usdInput.value = !isNaN(val) ? (val / currentExchangeRate).toFixed(2) : ''; }); } const ctx = document.getElementById('closingRatesChart').getContext('2d'); const gradient = ctx.createLinearGradient(0, 0, 0, 300); gradient.addColorStop(0, 'rgba(79, 70, 229, 0.25)'); gradient.addColorStop(1, 'rgba(79, 70, 229, 0.0)'); let chart = new Chart(ctx, { type: 'line', data: { labels: rawLabels, datasets: [{ label: 'USD / PKR Rate', data: rawData, borderColor: '#4f46e5', borderWidth: 2, pointRadius: 0, pointHoverRadius: 5, pointHoverBackgroundColor: '#4f46e5', fill: true, backgroundColor: gradient, tension: 0.2 }] }, options: { responsive: true, maintainAspectRatio: false, plugins: { legend: { display: false }, tooltip: { mode: 'index', intersect: false, backgroundColor: '#0f172a', titleFont: { family: "'Plus Jakarta Sans', sans-serif", size: 12 }, bodyFont: { family: "'Plus Jakarta Sans', sans-serif", size: 13, weight: 'bold' }, padding: 10, cornerRadius: 8, callbacks: { label: function(context) { return ` Rate: ${context.parsed.y.toFixed(2)} PKR`; } } } }, scales: { x: { grid: { display: false }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', maxTicksLimit: 8 } }, y: { grid: { color: '#f1f5f9' }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', callback: function(val) { return val.toFixed(2); } } } } } }); function updateStats(filteredData) { if (!filteredData || filteredData.length === 0) return; const max = Math.max(...filteredData); const min = Math.min(...filteredData); const sum = filteredData.reduce((acc, curr) => acc + curr, 0); const avg = sum / filteredData.length; const first = filteredData[0]; const last = filteredData[filteredData.length - 1]; const diff = last - first; const pct = ((diff / first) * 100).toFixed(2); statHigh.textContent = max.toFixed(2); statLow.textContent = min.toFixed(2); statAvg.textContent = avg.toFixed(2); statChange.textContent = `${diff >= 0 ? '+' : ''}${diff.toFixed(2)} (${diff >= 0 ? '+' : ''}${pct}%)`; statChange.style.color = diff >= 0 ? '#10b981' : '#ef4444'; } function filterData(days) { if (days === 'all') { chart.data.labels = rawLabels; chart.data.datasets[0].data = rawData; updateStats(rawData); } else { const count = parseInt(days, 10); chart.data.labels = rawLabels.slice(-count); chart.data.datasets[0].data = rawData.slice(-count); updateStats(rawData.slice(-count)); } chart.update(); } tfBtns.forEach(btn => { btn.addEventListener('click', function() { tfBtns.forEach(b => b.classList.remove('active')); this.classList.add('active'); filterData(this.getAttribute('data-range')); }); }); updateStats(rawData); })(); (function () { var me = document.currentScript || document.scripts[document.scripts.length - 1]; var wrapper = me && me.closest('.raw-html-embed-wrapper'); var source = wrapper && wrapper.querySelector('script.raw-html-source'); if (!source || wrapper._rawHtmlMounted) return; wrapper._rawHtmlMounted = true; // position:sticky breaks under any overflow:hidden ancestor. "clip" hides the same overflow // without creating a scroll container. for (var a = wrapper.parentElement; a; a = a.parentElement) { var cs = getComputedStyle(a); if (cs.overflowX === 'hidden') a.style.overflowX = 'clip'; if (cs.overflowY === 'hidden') a.style.overflowY = 'clip'; } // Undo the server-side escaping of closing script tags / comment openers. var html = source.textContent.replace(/ window.innerHeight; if (pinned) { stage.style.position = 'sticky'; stage.style.top = '0'; fillScreen(stage); track.style.height = h + 'px'; max = Math.max(0, h - frame.clientHeight); } else { // Grow only: vh-based content would otherwise shrink with its own frame, forever. fitH = Math.max(fitH, h); stage.style.position = 'static'; stage.style.height = fitH + 'px'; track.style.height = 'auto'; max = 0; } sync(true); } // inside the frame would only scroll the (non-scrollable) frame. Scroll the page instead. function onAnchorClick(e) { var link = e.target.closest && e.target.closest('a[href^="#"]'); if (!link || e.defaultPrevented) return; var id = link.getAttribute('href').slice(1); try { id = decodeURIComponent(id); } catch (x) { } var target = id ? doc.getElementById(id) : null; if (id && !target) return; e.preventDefault(); var inFrame = target ? target.getBoundingClientRect().top + win.scrollY : 0; window.scrollTo({ top: track.getBoundingClientRect().top + window.scrollY + (pinned ? Math.min(inFrame, max) : inFrame), behavior: 'smooth' }); } frame.addEventListener('load', function () { try { win = frame.contentWindow; doc = win.document; var ro = new win.ResizeObserver(measure); // created in the frame's realm ro.observe(doc.documentElement); if (doc.body) ro.observe(doc.body); doc.addEventListener('click', onAnchorClick); measure(); } catch (e) { // No script access to the frame: fall back to a plain scrollable frame. win = null; frame.removeAttribute('scrolling'); stage.style.position = 'static'; fillScreen(stage); track.style.height = 'auto'; } }); fillScreen(stage); fillScreen(track); // placeholder until the frame has loaded and been measured window.addEventListener('scroll', function () { sync(false); }, { passive: true }); window.addEventListener('resize', measure); stage.appendChild(frame); track.appendChild(stage); wrapper.appendChild(track); })(); The Pakistani rupee continued its marginal gain against the US dollar, appreciating 0.01% in the inter-bank market on Friday. The local unit closed the day at 276.82, a gain of Re0.03 against the greenback. On Thursday, the rupee had rupee settled at 276.85 against the dollar. Internationally, the Japanese yen hit its strongest level in more than a month on Friday, buoyed by safe-haven flows due to a fresh ​bout of risk aversion that also sent US Treasury yields sharply lower, pushing the dollar to a nearly three-week ‌trough. The moves in the currency markets were driven by doubts over the AI spending boom even as Brent crude futures stay above $110 per barrel, suggesting concerns over economic growth outweighed inflation worries. The yen strengthened 0.3% on Friday to 156.28 per US dollar, leading gains among major currencies. It was set for a 1% ​gain for the week, its strongest weekly rise since early September. The dollar index, which measures the greenback against a basket of ​currencies, was at 101.52, after touching its lowest level since the beginning of the month at 101.44 ⁠on Thursday. US 10-year Treasury yields hovered near a one-month low at 4.953%, after tumbling on Thursday when equities sold off on renewed concerns ​about the sustainability of the AI boom, burnishing the safe-haven appeal of sovereign debt. While demand for safety is intensifying, the beneficiaries differ depending on the risk, OCBC analysts said. AI jitters ‌favour the ⁠yen, Middle East tensions support the Canadian dollar and Norwegian crown due to rising oil prices, while French fiscal stress benefits the Swiss franc, they said, adding that for the US dollar, AI had become an increasingly two-way macro risk. Oil prices, a key indicator of currency parity, rose on Friday, with Brent crude touching its highest since early May, ‌after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East where UAE authorities also reported an oil spill. Brent crude futures gained $1.71, or 1.5%, to $114.99 a barrel by 1300 GMT, ​having earlier reached $115.16, the highest level since May 4. US West Texas Intermediate crude gained $1.80, ​or 1.8%, to $101.27. Inter-bank market rates for dollar on Friday BID Rs 276.82 OFFER Rs 277.02 Open-market movement In the open market, the PKR lost 5 paise for buying and 6 paise for selling against USD, closing at 277.57 and 278.71, respectively. Against Euro, the PKR gained 68 paise for buying and 57 paise for selling, closing at 310.55 and 313.55, respectively. Against UAE Dirham, the PKR lost 1 paisa for buying and gained 1 paisa for selling, closing at 75.60 and 76.20, respectively. Against Saudi Riyal, the PKR remained unchanged for both buying and selling, closing at 73.93 and 74.51, respectively. Open-market rates for dollar on Friday BID Rs 277.57 OFFER Rs 278.71 [...]

Sri Lankan shares fall for fourth straight week
October 23, 2026 3:08
Sri Lankan shares fall for fourth straight week

Sri Lankan shares closed lower on Friday, extending losses for a fifth straight session, dragged down by utility stocks. The CSE All-Share index settled 0.17% lower at 19,684.91 points. The index dropped 2.52% over the week, its fourth straight weekly fall. Dialog Axiata Plc and Carson Cumberbatch Plc were the biggest decliners on the index, down 9.7% and 9.1%, respectively, on the day. Trading volume on the index fell to 31.5 million shares from 64.3 million shares in the previous session. The equity market’s turnover dipped to 825.1 million Sri Lankan rupees ($2.48 million) from 1.10 billion rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 55.1 million rupees, while domestic investors were net sellers, offloading shares worth 807.6 million rupees, the data showed. [...]

Pakistan, Saudi Arabia have ratified Makkah defence pact, Türkiye in process: FO
October 23, 2026 2:56
Pakistan, Saudi Arabia have ratified Makkah defence pact, Türkiye in process: FO

Pakistan and Saudi Arabia have completed ratification of the Makkah Joint Defence Agreement, the Foreign Office said on Friday, adding that Türkiye is still taking the trilateral pact through its domestic legal procedures. “Pakistan and Kingdom of Saudi Arabia have already completed their ratification processes, while Türkiye is undertaking the requisite procedures in accordance with its domestic legal framework,” the Foreign Office spokesperson Sajjad Haider Khan told the weekly press briefing. The confirmation comes after Ankara submitted the agreement to the Turkish parliament for approval, making its text public for the first time. Islamabad has not released the text itself. Asked why the text had not been made public in Pakistan despite cabinet approval, the spokesperson said each country follows its own constitutional and legal procedures for approving and ratifying international agreements. Ratification and operationalisation of the pact remain under discussion among the three parties, including in the Strategic Political and Defence Committee, which last met on October 5, the spokesperson said. The spokesperson endorsed the 16-article text released from the Turkish parliament and rejected suggestions of undisclosed clauses. “There are no hidden provisions; the agreement is explicit and clear in its provisions and articles,” the spokesperson said. Article 2 of the agreement treats an external armed attack on any party as an attack on all. Asked whether this covers Houthi attacks on Saudi Arabia, the spokesperson said the pact is defensive and consistent with Article 51 of the UN Charter. It is “not directed against any particular country,“ the spokesperson said, adding that the nature and extent of any assistance would be decided collectively by the three countries after an objective assessment of the circumstances. On a follow-up question, the spokesperson pointed to the article in the agreement that sets out the mechanism for invoking it. The spokesperson said any such decision rests with the three partners. Pakistan “remains fully committed to the letter and spirit of the Agreement,” the spokesperson said, describing it as aimed at promoting regional peace, security and stability. [...]

Melania Trump secures Oleshky ceasefire between Russia, Ukraine, White House says
October 23, 2026 1:39
Melania Trump secures Oleshky ceasefire between Russia, Ukraine, White House says

WASHINGTON: US first lady Melania Trump has secured a ceasefire between Russia and Ukraine in the Russian-controlled city of Oleshky, which will begin on October 29, the White House said on Friday. Residents of the southern Ukrainian town, occupied by Russian forces since February 2022, have reported a deepening food crisis. “Both nations agreed to temporarily stop all military action in Oleshky to allow for humanitarian aid to enter and to prepare a civilian evacuation through a designated safe passageway,” a White House statement said. Russia bombs Kyiv, Ukraine fires drones towards Moscow Melania Trump has been active in trying to get Ukrainian children seized by Russia during the war returned to their families. “The situation in Oleshky is dire. Oleshky is a front-line war city on the brink of disaster. Oleshky’s remaining population is comprised primarily of elderly residents who urgently need medical attention, medicine, food, and clean water,” Melania Trump said in the statement. [...]

Trabzonspor goalkeeper Onana escapes injury in car crash in Turkiye
October 23, 2026 1:32
Trabzonspor goalkeeper Onana escapes injury in car crash in Turkiye

ANKARA: Trabzonspor goalkeeper Andre Onana escaped injury after being involved in a multi-vehicle traffic accident in northern Turkiye following his team’s UEFA Conference League match on Thursday, Turkish media reported. The 30-year-old Cameroon international, who is on loan from Manchester United, was driving home with his family after the 2-0 victory over Scottish side Hearts when the accident occurred in the Yomra district of Trabzon, local news outlet 61Saat said. Another vehicle struck Onana’s car from behind, pushing it into a vehicle ahead, the report said. Onana and his family escaped unharmed, while club officials went to the scene to check on his condition. Conte says no advanced talks with Man United as Carrick’s future hangs in balance Trabzonspor president Ertugrul Dogan confirmed that Onana was in good condition following the accident, according to media reports. The goalkeeper joined the Turkish club on loan from Manchester United in 2025. [...]

At least seven killed in attack at church in Jordan, state-owned outlet says
October 23, 2026 1:27
At least seven killed in attack at church in Jordan, state-owned outlet says

At least seven people were killed and 10 others injured on Friday when gunmen opened fire during a funeral at a church in Jordan’s Karak governorate, the state-owned television station Al-Mamlaka reported. Security forces had deployed at the church and were pursuing the suspects, the station reported. It said two gunmen got out of a vehicle and opened fire during a funeral procession at the Hamoud church in Karak. Khaled Burqan, a man who had been attending the funeral, told Al-Mamlaka that dozens of people had been attending the funeral and two men — one carrying a rifle and another carrying a pistol — opened fire on them for several minutes. There was no immediate claim of responsibility for the attack and Jordanian authorities did not say who was responsible. Such attacks are extremely rare in Jordan, which is relatively stable but has been increasingly targeted by Iranian attacks this year since the US and Israel launched strikes against Iran in February. Christians make up a minority of Jordan’s population though the country is home to several biblical sites that attract Christian pilgrims from around the world. [...]

Conte says no advanced talks with Man United as Carrick's future hangs in balance
October 23, 2026 1:21
Conte says no advanced talks with Man United as Carrick's future hangs in balance

Former Chelsea and Napoli coach Antonio Conte said on Friday he was not in advanced negotiations to replace Manchester United manager Michael Carrick, and called reports that he had demanded full control at the club as “unfounded”. Conte, who won the Premier League with Chelsea and also managed Tottenham Hotspur in England, was responding to speculation that he had requested full control while also making financial demands of the struggling Old Trafford club. United sit 13th in the Premier League and 20th in the Champions League standings following Wednesday’s humiliating 4-1 thrashing by Italian side Como, increasing scrutiny on Carrick. “My name has been linked with numerous clubs, but there are currently no negotiations at an advanced stage,” Conte said in a statement. “Following a wonderful and successful spell in charge of Napoli, I will take the time I need to consider how and when to return to management,” he added of his time in Naples where he won Serie A in the 2024-25 season. “It will be a carefully considered decision, one I will make when I believe the conditions are right. “I have read reports of financial demands and requests for full control that I have supposedly already made to the clubs mentioned, as well as reservations about what has been described as my ‘strong personality’. “These reports are unfounded, as there is currently no concrete basis for such assessments.” Concrete opportunity Conte, who last coached Napoli in the 2025-26 season, said that if a concrete opportunity arose, he would enter talks with the club involved and “jointly consider the terms of a potential agreement”, taking into account the needs of both parties. “Until then, any assumptions about my demands and my professional future remain speculation and cannot be treated as fact,” the 57-year-old Italian added. In an interview with The Athletic earlier this month, Conte said he would like to manage a club that has “lost sight of their history” so he can help “make it shine once more”. Defeat against Como extended United’s winless run to seven games in all competitions and skipper Bruno Fernandes said his team had adopted a “mood of defeat” while also questioning the tactics, with Carrick apologising for the performance. Brighton & Hove Albion manager Fabian Huerzeler, another name linked with the United job, also distanced himself from the speculation on Friday. The 33-year-old, England’s youngest top-flight manager, said he was focused solely on Brighton, who sit third in the Premier League after a string of impressive performances. “I have no time to think about these rumours because we play every three days and, beside that, I have a lot of respect for Michael Carrick and what he has done with Manchester United the last season,” Huerzeler told a press conference. “He’s a great human being, a great personality. There’s nothing more to say about that.” [...]

UAE shares extend losses on regional conflict fears
October 23, 2026 1:17
UAE shares extend losses on regional conflict fears

Stock markets in the United Arab Emirates fell on Friday, with Dubai leading the decline driven by losses in financial and real estate shares as Houthi strikes in Saudi heightened fears of a wider regional conflict. Saudi Aramco has told staff to evacuate its Dhahran headquarters and work remotely, six people with knowledge of the matter said on Thursday, a day after two people were killed in an attack on a nearby airport. Dubai’s main index dropped 1.4% to a more than four-month low, weighed down by a 3.5% fall in top lender Emirates NBD Bank and a 2.1% decline in blue-chip developer Emaar Properties. Abu Dhabi’s benchmark index fell 1.2%, pressured by energy, real estate and banking stocks. Real estate giant Aldar Properties slipped 3.7%, while energy shipping firm Adnoc L&S decreased 3.9%. Abu Dhabi Commercial Bank, the UAE’s third-largest lender, fell 3.7%, despite reporting a 15% rise in third-quarter net profit to 3.56 billion dirhams ($969.26 million).7 Separately, the UAE is investing an additional €15 billion ($16.81 billion) in Greece, the Abu Dhabi Media Office said on Thursday, building on an existing joint investment initiative. Dubai and Abu Dhabi indexes posted weekly losses of 2.3% and 2.2%, respectively, according to LSEG data. Oil prices, a key driver of Gulf financial markets, drifted higher on Friday as Houthi attacks raised concerns about further disruption to Middle East energy supplies. Brent crude rose 1.3% to $114.61 a barrel by 1148 GMT. [...]

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... [...]

Trump demands Rep. Ilhan Omar resign after DOJ court filing references over 'fake' name
October 23, 2026 6:58
Trump demands Rep. Ilhan Omar resign after DOJ court filing references over 'fake' name

Trump demands Rep. Ilhan Omar resign after DOJ court filing references over 'fake' nameA federal court filing submitted by the U.S. Attorney's Office concerning efforts to seal materials related to a search warrant for Representative Ilhan Omar's Washington, D.C.-area residence referenced the... [...]

Carney rejects Trump administration's accusation of Canada interfering in US midterm elections
October 23, 2026 5:08
Carney rejects Trump administration's accusation of Canada interfering in US midterm elections

Carney rejects Trump administration’s accusation of Canada interfering in US midterm elections Canadian Prime Minister Mark Carney has rejected allegations from the Trump administration that Canadian politicians are interfering in US politics ahead of November's midterm... [...]

Ukraine, Russia and US set to hold key talks in Abu Dhabi in early November
October 23, 2026 5:08
Ukraine, Russia and US set to hold key talks in Abu Dhabi in early November

Ukraine, Russia and US set to hold key talks in Abu Dhabi in early November On Friday, Ukrainian President Volodymyr Zelenskyy said that peace negotiators from Ukraine, Russia and the United States had decided to connect for working-level talks in the first couple of weeks of November in Abu... [...]

Australia lawmaker Hannah Beazley's staff threatened days after Helen Haines attack
October 23, 2026 4:48
Australia lawmaker Hannah Beazley's staff threatened days after Helen Haines attack

Australia lawmaker Hannah Beazley’s staff threatened days after Helen Haines attackA second female Australian politician has been targeted in a threatening incident just days after federal lawmaker Helen Haines was critically injured in an alleged deliberate car attack.John Lawrence Smart,... [...]

New York AG Letitia James challenges attempt to disqualify her from Cornell investigation
October 23, 2026 4:20
New York AG Letitia James challenges attempt to disqualify her from Cornell investigation

New York AG Letitia James challenges attempt to disqualify her from Cornell investigationNew York Attorney General Letitia James has opposed a legal attempt to remove her as special prosecutor in a Cornell University rape investigation following allegations of political bias.According to NBC News,... [...]

Trump administration targets Alaska Senate race over fears of ballot confusion
October 23, 2026 4:00
Trump administration targets Alaska Senate race over fears of ballot confusion

Senator Dan Sullivan is seeking re-election against another Republican candidate, Daniel Sullivan, a retired schoolteacherThe US Department of Justice has filed a federal lawsuit seeking to prevent Alaska from certifying its Senate election results over concerns that voters could confuse two... [...]

Gunman near Paris kills one, injures several as mayor suspects 'racist, Islamophobic' intent
October 23, 2026 3:15
Gunman near Paris kills one, injures several as mayor suspects 'racist, Islamophobic' intent

Gunman near Paris kills one, injures several as mayor suspects ‘racist, Islamophobic’ intentAt least one person has been killed and five others injured in a shooting near Paris, with French authorities investigating the incident as a suspected terrorist attack.According to DW, the... [...]

Trump faces Republican backlash over Ramaswamy ad ahead of Florida rally
October 23, 2026 2:55
Trump faces Republican backlash over Ramaswamy ad ahead of Florida rally

Trump faces Republican backlash over Ramaswamy ad ahead of Florida rally US President Donald Trump is heading to Florida to campaign for Republican gubernatorial candidate Byron Donalds as controversy grows over an attack advertisement targeting Ohio Democratic candidate Amy Acton.According... [...]

DOJ opens criminal investigation into Trump Ally Corey Lewandowski over DHS tenure
October 23, 2026 2:23
DOJ opens criminal investigation into Trump Ally Corey Lewandowski over DHS tenure

The U.S. Justice Department has opened a criminal investigation into longtime Trump ally and former Department of Homeland Security adviser Corey Lewandowski over allegations that he improperly profited or engaged in contracting misconduct during his tenure at the agency.The DHS Inspector... [...]

UK, France hold first-ever joint nuclear exercise amid Russia tensions
October 23, 2026 11:52
UK, France hold first-ever joint nuclear exercise amid Russia tensions

UK, France hold first-ever joint nuclear exercise amid Russia tensionsFrance and Britain conducted their first-ever joint exercise called Rummy involving France airborne nuclear capability on Friday. According to France’s armed forces ministry, Britain’s Typhoon jets took part in the... [...]

Trump says Starlink restrictions lifted, Ukraine disputes claim
October 23, 2026 11:07
Trump says Starlink restrictions lifted, Ukraine disputes claim

Trump says Starlink restrictions lifted, Ukraine disputes claim The Starlink issue between Trump, Elon Musk and Ukraine is nowhere near to be resolved. In a recent development, Ukraine claims that the country is still facing issues with the Starlink network as reported by the sources within... [...]

First Russian diesel shipment en route to New York after Trump-Putin energy deal: Report
October 23, 2026 7:55
First Russian diesel shipment en route to New York after Trump-Putin energy deal: Report

First Russian diesel shipment en route to New York after Trump-Putin energy deal:ReportShipping and tracking data shows that a Malta-flagged tanker carrying 40,000 metric tons of Russian diesel is en-route to New York, marking the first physical delivery under a high-profile energy agreement... [...]

Trump accuses Ilhan Omar of identity fraud: 'Congresswoman openly admitted to FRAUD'
October 23, 2026 6:41
Trump accuses Ilhan Omar of identity fraud: 'Congresswoman openly admitted to FRAUD'

Trump accuses Ilhan Omar of identity fraud: ‘Congresswoman openly admitted to FRAUD’ President Donald Trump has accused Ilham Omar of using a different name and identity to get elected in the Congress, equating her move to a fraud while demanding the resignation. Trump made this... [...]

Trump says Google rejected his request to rename Atlantic Ocean after himself or America
October 23, 2026 3:25
Trump says Google rejected his request to rename Atlantic Ocean after himself or America

Trump revealed the conversation during a rally in South Carolina, saying he personally contacted Google CEO Sundar PichaiUS President Donald Trump has claimed that Google rejected his request to rename the Atlantic Ocean after himself or America, following previous disputes over geographical... [...]

Magnitude 7.0 earthquake in Tibet kills 16 and destroys hundreds of homes
October 23, 2026 2:55
Magnitude 7.0 earthquake in Tibet kills 16 and destroys hundreds of homes

Magnitude 7.0 earthquake in Tibet kills 16 and destroys hundreds of homesAt least 16 people have been killed and 32 others injured after a powerful 7.0-magnitude earthquake struck China's Tibet region on Thursday, destroying hundreds of homes.According to AFP, citing Chinese state news agency... [...]

ہری پور: سرائے صالح میں آئل ٹینکر سے 2 کاریں ٹکرا گئیں، 4 افراد جاں بحق
October 23, 2026 10:10
ہری پور: سرائے صالح میں آئل ٹینکر سے 2 کاریں ٹکرا گئیں، 4 افراد جاں بحق

اسکرین گریبہری پور کے علاقے سرائے صالح کے قریب ایک محلے کی خوشیاں غم میں بدل گئیں، تیز رفتار آئل ٹینکر اور دو گاڑیوں کے درمیان ہونے... [...]

راولپنڈی: ماں بیٹی قتل، 2 ماہ میں 8 خواتین کو قتل کردیا گیا
October 23, 2026 6:10
راولپنڈی: ماں بیٹی قتل، 2 ماہ میں 8 خواتین کو قتل کردیا گیا

فائل فوٹو راولپنڈی میں ماں بیٹی کو قتل کردیا گیا، ابتدائی تحقیقات کے مطابق دونوں کو گلا گھونٹ کر مارا گیا ہے۔2 ماہ میں راولپنڈی میں 8... [...]

اسحاق ڈار کی سعودی وزیر خارجہ سے ملاقات، اسٹریٹجک شراکت داری مضبوط بنانے کے عزم کا اعادہ
October 23, 2026 5:10
اسحاق ڈار کی سعودی وزیر خارجہ سے ملاقات، اسٹریٹجک شراکت داری مضبوط بنانے کے عزم کا اعادہ

فوٹو بشکریہ ریڈیو پاکستاننائب وزیراعظم اور وزیر خارجہ اسحاق ڈار نے استنبول میں سعودی وزیر خارجہ فیصل بن فرحان سے ملاقات کی... [...]

مظفر گڑھ: پنچایت نے بھرے مجمع میں کم عمر لڑکوں کو پاؤں چومنے پر مجبور کیا، مقدمہ درج
October 23, 2026 5:10
مظفر گڑھ: پنچایت نے بھرے مجمع میں کم عمر لڑکوں کو پاؤں چومنے پر مجبور کیا، مقدمہ درج

فائل فوٹو مظفر گڑھ میں کم عمر لڑکوں کو پاؤں چومنے پر مجبور کرنے اور غیرقانونی پنچایت کے معاملے پر پولیس نے مقدمہ درج کرلیا۔پولیس... [...]

حنا جاوید کی کہنیوں میں اسکریو ڈرائیور سے سوراخ کیے گئے، سر کے پچھلے حصے پر 27 سینٹی میٹر گہرا زخم ہے، پوسٹ مارٹم رپورٹ
October 23, 2026 5:10
حنا جاوید کی کہنیوں میں اسکریو ڈرائیور سے سوراخ کیے گئے، سر کے پچھلے حصے پر 27 سینٹی میٹر گہرا زخم ہے، پوسٹ مارٹم رپورٹ

اسکرین گریب/ جیو نیوز اسلام آباد کے حنا جاوید قتل کیس میں پوسٹمارٹم رپورٹ سامنے آگئی۔ رپورٹ کے مطابق حنا جاوید کی کہنیوں میں اسکریو... [...]

زیادتی مقدمے میں ملزم کے خاندان نے متاثرہ خاتون کو ڈیڑھ سے دو کروڑ روپے کی پیشکش کی، مریم نواز
October 23, 2026 5:10
زیادتی مقدمے میں ملزم کے خاندان نے متاثرہ خاتون کو ڈیڑھ سے دو کروڑ روپے کی پیشکش کی، مریم نواز

وزیر اعلیٰ پنجاب مریم نواز وزیر اعلیٰ پنجاب مریم نواز نے کہا ہے کہ زیادتی کے ایک حالیہ مقدمے میں یہ انکشاف ہوا ہے کہ ملزم کے امیر... [...]

وزیر مملکت حذیفہ رحمان نے مولانا فضل الرحمان کے معدنیات سے متعلق بیانات کا جواب دے دیا
October 23, 2026 5:10
وزیر مملکت حذیفہ رحمان نے مولانا فضل الرحمان کے معدنیات سے متعلق بیانات کا جواب دے دیا

وزیر مملکت اور معاون خصوصی حذیفہ رحمان نے مولانا فضل الرحمان کے خیبر پختونخوا کے حالات اور معدنیات سے متعلق بیانات کا جواب دے... [...]

کراچی: ناتھا خان سڑک کی تعمیر تنازع، ریلوے پولیس نے دیگر شہروں سے100 سے زائد اہلکاروں کو کراچی بلالیا
October 23, 2026 5:10
کراچی: ناتھا خان سڑک کی تعمیر تنازع، ریلوے پولیس نے دیگر شہروں سے100 سے زائد اہلکاروں کو کراچی بلالیا

اسکرین گریب/ ایکس کراچی کے علاقے ناتھا خان سے گلستان جوہر تک سڑک کی تعمیر کے تنازع پر ریلوے اور کے ایم سی آمنے سامنے آگئے، دونوں ادارے... [...]

غیر ملکی خاتون سے مبینہ زیادتی، سی سی ڈی نے ضمانت پر رہا ملزم کو عدالت سے حراست میں لے لیا
October 23, 2026 4:10
غیر ملکی خاتون سے مبینہ زیادتی، سی سی ڈی نے ضمانت پر رہا ملزم کو عدالت سے حراست میں لے لیا

کرائم کنٹرول ڈپارٹمنٹ نے غیر ملکی خاتون ڈیانا سے مبینہ زیادتی کیس میں ضمانت پر رہا ملزم احمد تنویر کو لاہور کی عدالت سے حراست... [...]

پی ٹی آئی سے بھی امید ہے دہشتگردی کیخلاف جنگ میں تعاون کرے: رانا ثنا
October 23, 2026 4:10
پی ٹی آئی سے بھی امید ہے دہشتگردی کیخلاف جنگ میں تعاون کرے: رانا ثنا

دہشت گردی کا خاتمہ ہوجائے تو خیبر پختونخوا میں معمول کے حالات پر لوٹا جاسکتا ہے اور یہ ہوگا، رانا ثنا اللّٰہ - فوٹو: فائلوزیراعظم کے... [...]

بینظیر انکم سپورٹ پروگرام میں 24 ارب کی بےضابطگیاں، 1 لاکھ سے زائد سرکاری ملازمین نے رقم وصول کی
October 23, 2026 4:10
بینظیر انکم سپورٹ پروگرام میں 24 ارب کی بےضابطگیاں، 1 لاکھ سے زائد سرکاری ملازمین نے رقم وصول کی

بینظیر انکم سپورٹ پروگرام میں 24 ارب روپے کی مالی بے ضابطگیوں کا انکشاف ہوا ہے، جہاں مبینہ طور پر ایک لاکھ 40 ہزار 488 سرکاری... [...]

لاہور میں انفلوئنزا فلو ویکسین کی عدم دستیابی سے شہری پریشان
October 23, 2026 4:10
لاہور میں انفلوئنزا فلو ویکسین کی عدم دستیابی سے شہری پریشان

لاہور میں انفلوئنزا فلو کی ویکسین ناپید ہو گئی ہے۔ ہر سال ستمبر میں جرمنی اور فرانس سے آنے والی ویکسین رواں سال مارکیٹ میں اب تک... [...]

اویس لغاری کا ڈسکوز کی جانب سے صارفین کو ڈٹیکشن کی مد میں اضافی بل بھیجنے کا نوٹس
October 23, 2026 3:10
اویس لغاری کا ڈسکوز کی جانب سے صارفین کو ڈٹیکشن کی مد میں اضافی بل بھیجنے کا نوٹس

  وزیر توانائی اویس لغاری نے ڈسکوز کی جانب سے صارفین کو ڈٹیکشن کی مد میں اضافی بل بھیجنے کا نوٹس لے لیا۔ڈسکوز کے بورڈز آف ڈائریکٹرز کے... [...]

کراچی: این سی سی آئی اے کا چھاپہ، آن لائن پورنوگرافک اینیمیشن سرگرمیوں میں ملوث 42 افراد گرفتار
October 23, 2026 2:10
کراچی: این سی سی آئی اے کا چھاپہ، آن لائن پورنوگرافک اینیمیشن سرگرمیوں میں ملوث 42 افراد گرفتار

این سی سی آئی اے کراچی نے کارروائی کرتے ہوئے آن لائن پورنوگرافک اینیمیشن اور فریب پر مبنی سوشل میڈیا سرگرمیوں میں ملوث 3 کمپنیوں کے 42... [...]

پاکستانی نژاد ہارٹ سرجن ڈاکٹر آصف حسن کو پرائیڈ آف برطانیہ لائف ٹائم اچیومنٹ ایوارڈ سے نواز دیا گیا
October 23, 2026 2:10
پاکستانی نژاد ہارٹ سرجن ڈاکٹر آصف حسن کو پرائیڈ آف برطانیہ لائف ٹائم اچیومنٹ ایوارڈ سے نواز دیا گیا

پاکستانی نژاد ہارٹ سرجن ڈاکٹر آصف حسن کو پرائیڈ آف برطانیہ لائف ٹائم اچیومنٹ ایوارڈ سے نواز دیا گیا۔ڈاکٹر آصف حسن کو یہ اعزاز... [...]

ایران کے خلاف ایک اور آپریشن کیا جاسکتا ہے، ٹرمپ
October 23, 2026 8:10
ایران کے خلاف ایک اور آپریشن کیا جاسکتا ہے، ٹرمپ

فائل فوٹوامریکی صدر ڈونلڈ ٹرمپ نے کہا ہے کہ ایران کے خلاف ایک اور آپریشن کیا جاسکتا ہے۔فلوریڈا میں انتخابی ریلی سے خطاب کرتے ہوئے... [...]

دو آئل ٹینکر آبنائے ہرمز میں بارودی سرنگوں سے ٹکرا گئے، پاسداران
October 23, 2026 8:10
دو آئل ٹینکر آبنائے ہرمز میں بارودی سرنگوں سے ٹکرا گئے، پاسداران

فائل فوٹوایرانی پاسداران انقلاب نے کہا ہے کہ دو آئل ٹینکر آبنائے ہرمز کے جنوب میں غیرمجاز راستہ سے گزرتے ہوئے بارودی سرنگوں سے... [...]

دبئی: آن لائن شاپنگ فراڈ کے الزام میں 6 ملزمان کو گرفتار
October 23, 2026 7:10
دبئی: آن لائن شاپنگ فراڈ کے الزام میں 6 ملزمان کو گرفتار

دبئی میں آن لائن شاپنگ فراڈ کے الزام میں  6 ملزمان کو گرفتار کرلیا گیا، ملزمان نے خاتون کی کئی سال کی جمع پونجی لوٹی تھی۔دبئی حکام کے... [...]

آر 4 ملکوں کے وزراء خارجہ کا اجلاس، سعودی عرب پر حوثی حملوں کی مذمت
October 23, 2026 6:10
آر 4 ملکوں کے وزراء خارجہ کا اجلاس، سعودی عرب پر حوثی حملوں کی مذمت

فوٹو: سوشل  میڈیا۔@SputnikIntاستنبول میں آر 4 ملکوں کے وزرائے خارجہ اجلاس کا مشترکہ اعلامیہ جاری کردیا گیا، جس میں سعودی عرب پر حوثی... [...]

حملوں کا خطرہ، دنیا کے سب سے بڑے مسافر طیارہ کے ماسکو پر 2 گھنٹے تک چکر
October 23, 2026 6:10
حملوں کا خطرہ، دنیا کے سب سے بڑے مسافر طیارہ کے ماسکو پر 2 گھنٹے تک چکر

روسی دارالحکومت ماسکو پر یوکرینی ڈرون حملوں کے خطرے کے باعث جمعہ کو روس کی فضا میں افراتفری دیکھی گئی۔حملوں کی وارننگ پر روس کی ایوی... [...]

فوجی چیک پوسٹ پر فائرنگ، نیتن یاہو کا مغربی کنارے کو مکمل بند کرنے کا حکم
October 23, 2026 4:10
فوجی چیک پوسٹ پر فائرنگ، نیتن یاہو کا مغربی کنارے کو مکمل بند کرنے کا حکم

اسرائیلی وزیراعظم نیتن یاہو نے فوجی چیک پوسٹ پر فائرنگ کے واقعے کے بعد مقبوضہ مغربی کنارے کو مکمل طور پر بند کرنے کا حکم دے... [...]

فرانس میں ممکنہ دہشتگرد حملہ، ایک شخص ہلاک، 4 زخمی
October 23, 2026 3:10
فرانس میں ممکنہ دہشتگرد حملہ، ایک شخص ہلاک، 4 زخمی

فوٹو: اے ایف پیفرانس میں ممکنہ دہشت گرد حملے کے نتیجہ میں ایک شخص ہلاک اور 4 زخمی ہوگئے، مشتبہ حملہ آور گرفتار کرلیا گیا۔فرانس کے... [...]

نیویارک: نسل پرستانہ حملے پر اٹلانٹا کی پرواز سے مسافر گرفتار
October 23, 2026 3:10
نیویارک: نسل پرستانہ حملے پر اٹلانٹا کی پرواز سے مسافر گرفتار

امریکا میں نیو یارک کے جان ایف کینیڈی ایئر پورٹ پر اٹلانٹا کی ڈیلٹا ایئر کی پرواز سے ایک 60 سالہ بروکلین کے مسافر کو مبینہ طور پر نسل... [...]

مصر کی فوجی حمایت سعودی علاقوں اور سرحدوں کی حفاظت کیلئے ہے، حوثیوں پر حملے کیلئے نہیں، مصری صدر
October 23, 2026 2:10
مصر کی فوجی حمایت سعودی علاقوں اور سرحدوں کی حفاظت کیلئے ہے، حوثیوں پر حملے کیلئے نہیں، مصری صدر

عبدالفتاح السیسی : فائل فوٹو مصر کے صدر عبدالفتاح السیسی نے کہا ہے کہ سعودی عرب کو مصر کی فوجی مدد کا مقصد مملکت کی سرزمین اور سرحدوں... [...]

اردن: گرجا گھر میں فائرنگ سے 7 افراد ہلاک ہوگئے
October 23, 2026 12:10
اردن: گرجا گھر میں فائرنگ سے 7 افراد ہلاک ہوگئے

اردن کے صوبہ کرک کے ایک گرجا گھر میں فائرنگ سے 7 افراد ہلاک ہوگئے۔عرب میڈیا کے مطابق گرجا گھر میں آخری رسومات کی ادائیگی جاری تھی... [...]

مجتبیٰ خامنہ ای صحت مند ہیں تو منظرِ عام پر کیوں نہیں آ رہے؟ سینئر ایرانی سفارت کار نے بتا دیا
October 23, 2026 10:10
مجتبیٰ خامنہ ای صحت مند ہیں تو منظرِ عام پر کیوں نہیں آ رہے؟ سینئر ایرانی سفارت کار نے بتا دیا

— فائل فوٹوایرانی رہبرِ اعلیٰ کے نمائندے اور سینئر سفارت کار عبدالمجید حکیم الہٰی کا کہنا ہے کہ سپریم لیڈر مجتبیٰ خامنہ ای نے گزشتہ... [...]

امریکا نے ایران کیخلاف ’مدر آف آل بمز‘ استعمال کیا تو ’فادر آف آل میزائلز‘ سے جواب دینگے: ایرانی پارلیمانی ڈپٹی اسپیکر
October 23, 2026 9:10
امریکا نے ایران کیخلاف ’مدر آف آل بمز‘ استعمال کیا تو ’فادر آف آل میزائلز‘ سے جواب دینگے: ایرانی پارلیمانی ڈپٹی اسپیکر

ایرانی پارلیمانی ڈپٹی اسپیکر حمید رضا حاجی بابائی—فائل فوٹوایرانی پارلیمانی ڈپٹی اسپیکر حمید رضا حاجی بابائی نے خبردار کیا ہے کہ... [...]

کیا اعلان کے مطابق اسرائیلی وزیرِ اعظم نیتن یاہو ایرانی حکومت گرا سکتے ہیں؟ ماہرین نے بتا دیا
October 23, 2026 9:10
کیا اعلان کے مطابق اسرائیلی وزیرِ اعظم نیتن یاہو ایرانی حکومت گرا سکتے ہیں؟ ماہرین نے بتا دیا

اسرائیلی وزیرِ اعظم نیتن یاہو---فائل فوٹواسرائیلی وزیرِ اعظم نیتن یاہو نے ایران کی حکومت گرانے کو اسرائیل کا بنیادی مقصد قرار دیا ہے... [...]

امریکا نے اسرائیلی دفاع پر اپنے ٹیکس دہندگان کے 11 ارب ڈالرز خرچ کر دیے: عباس عراقچی
October 23, 2026 8:10
امریکا نے اسرائیلی دفاع پر اپنے ٹیکس دہندگان کے 11 ارب ڈالرز خرچ کر دیے: عباس عراقچی

عباس عراقچی—فائل فوٹوایرانی وزیرِ خارجہ عباس عراقچی نے کہا ہے کہ امریکا نے گزشتہ 3 برس کے دوران اسرائیل کے میزائل دفاعی نظام پر اپنے... [...]

تائیوان: سمندری طوفان ’چمپی‘ کے باعث 1 ہزار پروازیں منسوخ
October 23, 2026 8:10
تائیوان: سمندری طوفان ’چمپی‘ کے باعث 1 ہزار پروازیں منسوخ

— تصویر بشکریہ غیر ملکی میڈیاتائیوان میں سمندری طوفان ’چمپی‘ کے پیشِ نظر نظامِ زندگی مفلوج ہوگیا۔غیر ملکی میڈیا رپورٹس کے مطابق... [...]

پیٹرول کی قیمت برقرار، ڈیزل مہنگا کردیا گیا
October 23, 2026 6:10
پیٹرول کی قیمت برقرار، ڈیزل مہنگا کردیا گیا

وفاقی حکومت نے پیٹرولیم مصنوعات کی نئی قیمتوں کا اعلان کردیا۔ڈیزل کی قیمت میں 1روپیہ 91 پیسے فی لیٹر اضافہ کردیا گیا، جبکہ پیٹرول کی... [...]

پی ایس ایکس میں کاروبار کا منفی دن رجحان، 100 انڈیکس 1549 پوائنٹس گرگیا
October 23, 2026 4:10
پی ایس ایکس میں کاروبار کا منفی دن رجحان، 100 انڈیکس 1549 پوائنٹس گرگیا

پاکستان اسٹاک ایکسچینج میں کاروبار کا منفی دن رہا۔ سرمایہ کاروں کی توجہ آئندہ ہفتے مانیٹری پالیسی اجلاس اور مشرقِ وسطیٰ صورتحال سے... [...]

سونے کی قیمت میں بڑی کمی، فی تولہ سوا چار لاکھ سے نیچے آگیا
October 23, 2026 11:10
سونے کی قیمت میں بڑی کمی، فی تولہ سوا چار لاکھ سے نیچے آگیا

فوٹو: فائلملک میں تولہ سونے کی قیمت میں آج 7000 روپے کی بہت بڑی کمی ہوگئی۔ آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق اس... [...]

مہنگائی کی شرح میں ہفتہ وار 0.65 فیصد اضافہ
October 23, 2026 8:10
مہنگائی کی شرح میں ہفتہ وار 0.65 فیصد اضافہ

---فائل فوٹوملک میں ہفتہ وار بنیادوں پر مہنگائی کی شرح میں 0.65 فیصد اضافہ ریکارڈ کیا گیا ہے، جبکہ سالانہ بنیادوں پر مہنگائی بڑھنے کی... [...]

ملک بھر میں مہنگائی بے قابو، ایل پی جی، آٹا اور گوشت عوام کی پہنچ سے دور
October 23, 2026 6:10
ملک بھر میں مہنگائی بے قابو، ایل پی جی، آٹا اور گوشت عوام کی پہنچ سے دور

---فائل فوٹوحکومتی وعدوں اور دعوؤں کے باوجود ملک بھر میں مہنگائی پر قابو نہ پایا جا سکا، ایل پی جی، آٹا، مرغی کے گوشت، مٹن، بیف اور... [...]

ٹرمپ کا امریکی تیل کی پیداوار بڑھانے کیلئے ڈیفنس پروڈکشن ایکٹ نافذ کرنے کا اعلان
October 23, 2026 6:10
ٹرمپ کا امریکی تیل کی پیداوار بڑھانے کیلئے ڈیفنس پروڈکشن ایکٹ نافذ کرنے کا اعلان

— فائل فوٹوامریکی صدر ڈونلڈ ٹرمپ نے پیٹرولیم کی پیداوار، تیل صاف کرنے اور اس سے متعلقہ سرگرمیوں کو قومی دفاع کے لیے ضروری قرار دے... [...]

پی ایس ایکس 100 انڈیکس 2006 پوائنٹس کم ہوگیا
October 22, 2026 5:10
پی ایس ایکس 100 انڈیکس 2006 پوائنٹس کم ہوگیا

ملک میں مہنگائی کی نئی لہر کے سبب پاکستان اسٹاک ایسکچینج کے سرمایہ کاروں کی توجہ 26 اکتوبر کے مانیٹری پالیسی اجلاس پر مرکوز رہی۔ پی... [...]

سونے کی فی تولہ قیمت میں 3 ہزار روپے کی بڑی کمی
October 22, 2026 1:10
سونے کی فی تولہ قیمت میں 3 ہزار روپے کی بڑی کمی

فوٹو: فائلملک میں سونے کی فی تولہ قیمت میں آج 3 ہزار روپے کی بڑی کمی ہوگئی۔ آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق اس... [...]

عالمی بینک کی پاکستان کی معیشت سے متعلق رپورٹ جاری، مہنگائی کی شرح 8.2 فیصد رہنے کی پیش گوئی
October 22, 2026 8:10
عالمی بینک کی پاکستان کی معیشت سے متعلق رپورٹ جاری، مہنگائی کی شرح 8.2 فیصد رہنے کی پیش گوئی

---فائل فوٹو عالمی بینک نے پاکستان کی ترقیاتی صورتحال سے متعلق سال 2026ء کی اقتصادی رپورٹ جاری کر دی جس میں بتایا گیا ہے کہ مالی سال... [...]

کوئٹہ: ایل پی جی کی قیمت میں 10 روپے کا اضافہ
October 22, 2026 6:10
کوئٹہ: ایل پی جی کی قیمت میں 10 روپے کا اضافہ

—فائل فوٹوکوئٹہ میں ایل پی جی کی فی کلو قیمت میں 10 روپے کا مزید اضافہ ریکارڈ کیا گیا ہے۔مارکیٹ ذرائع کے مطابق کوئٹہ میں ایل پی جی کی... [...]

پی ایس ایکس: کاروبار کا مثبت دن، 100 انڈیکس میں 779 پوائنٹس کا اضافہ
October 21, 2026 11:10
پی ایس ایکس: کاروبار کا مثبت دن، 100 انڈیکس میں 779 پوائنٹس کا اضافہ

فوٹو: فائلپاکستان اسٹاک ایکسچینج میں آج کاروبار کا مثبت دن رہا جہاں 100 انڈیکس میں 779 پوائنٹس کا اضافہ ہوا۔ پی ایس ایکس بینچ مارک 100... [...]

سونے کی فی تولہ قیمت میں آج 900 روپے کی کمی
October 21, 2026 11:10
سونے کی فی تولہ قیمت میں آج 900 روپے کی کمی

فوٹو: فائلملک میں آج سونے کی فی تولہ قیمت میں 900 روپے کمی ہوگئی۔ آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق اس کمی کے بعد... [...]

بلوچستان میں گندم کا سرکاری ذخیرہ ختم، بحران شدت اختیار کر گیا
October 21, 2026 7:10
بلوچستان میں گندم کا سرکاری ذخیرہ ختم، بحران شدت اختیار کر گیا

— فائل فوٹو بلوچستان میں گندم کا بحران شدت اختیار کر گیا۔ذرائع محکمۂ کموڈیٹیز کے مطابق صوبے میں گندم کا سرکاری ذخیرہ ختم ہو چکا... [...]

کراچی: 2 دن میں فی کلو ایل پی جی 150 روپے مہنگی
October 21, 2026 4:10
کراچی: 2 دن میں فی کلو ایل پی جی 150 روپے مہنگی

—فائل فوٹوکراچی میں فی کلو ایل پی جی کی قیمت 550 سے بڑھ کر 600 روپے ہو گئی۔کراچی میں 2 دن میں فی کلو ایل پی جی 150 روپے مہنگی ہوئی ہے۔اوگرا... [...]

مشرقِ وسطیٰ میں سپلائی کے خدشات، عالمی منڈی میں تیل کی قیمتوں میں اضافہ
October 21, 2026 3:10
مشرقِ وسطیٰ میں سپلائی کے خدشات، عالمی منڈی میں تیل کی قیمتوں میں اضافہ

---فائل فوٹومشرقِ وسطیٰ میں تیل کی سپلائی متاثر ہونے کے خدشات کے باعث عالمی منڈی میں خام تیل کی قیمتوں میں اضافہ ریکارڈ کیا... [...]

‘I don’t feel sorry for myself’: I’m 64 and will be renting for the rest of my life. Is that so bad?
October 23, 2026 10:49
‘I don’t feel sorry for myself’: I’m 64 and will be renting for the rest of my life. Is that so bad?

“I married a wonderful man with a good income. He left his job due to health issues and suffered a massive stroke at 53.” [...]

Will Anthropic pull off a November IPO? Time is running out to file key paperwork.
October 23, 2026 10:00
Will Anthropic pull off a November IPO? Time is running out to file key paperwork.

If market pressures keep building, Anthropic “could reasonably decide it is better to stay private and wait for a better opportunity,” one portfolio manager says. [...]

Investors piled a record sum into a leveraged semiconductor ETF last week. Things didn’t work out.
October 23, 2026 9:46
Investors piled a record sum into a leveraged semiconductor ETF last week. Things didn’t work out.

Traders making bullish bets on chip stocks are getting walloped this month, as renewed fears emerged about investment returns on the buildout of artificial intelligence. [...]

This hot AI-fueled stock has been in a rut. It just beat earnings expectations by 36%.
October 23, 2026 9:13
This hot AI-fueled stock has been in a rut. It just beat earnings expectations by 36%.

A company beating earnings expectations by 36% and revenue expectations by 15% would usually see a postresults bump. But not for Bloom Energy, the fuel-cell maker that has flourished due to data-center demand. [...]

The mobile ambitions of SpaceX are hitting telecom stocks again. Here’s what the latest developments mean.
October 23, 2026 9:11
The mobile ambitions of SpaceX are hitting telecom stocks again. Here’s what the latest developments mean.

Reports of Starlink’s discussions with cell-tower owners were noticed by shareholders of Verizon, AT&T and T-Mobile. [...]

The real test for Moderna’s cancer vaccine isn’t about beating Keytruda. It’s keeping cancer from coming back in the long term.
October 23, 2026 9:06
The real test for Moderna’s cancer vaccine isn’t about beating Keytruda. It’s keeping cancer from coming back in the long term.

The first Phase 3 data for a cancer vaccine has raised questions about whether the potential new treatment is needed. [...]

Some Republicans are opposing Trump on tariffs. Maine’s Susan Collins just got him to back down on Canadian levies.
October 23, 2026 8:50
Some Republicans are opposing Trump on tariffs. Maine’s Susan Collins just got him to back down on Canadian levies.

As she faces a tough midterm race, the five-term GOP senator is touting her successful lobbying effort against certain tariffs on Canada [...]

Oil markets are on edge ahead of the weekend, as midterm elections near and fresh U.S. strikes on Iran are predicted
October 23, 2026 8:19
Oil markets are on edge ahead of the weekend, as midterm elections near and fresh U.S. strikes on Iran are predicted

Oil has climbed back to an Iran-war high and may soon go higher, if the U.S. and Israel strike Iran after their respective voters go to the polls in the coming days. [...]

The U.S. economy is great by this measure, and the good times aren’t over. So why are Americans so sour?
October 23, 2026 8:19
The U.S. economy is great by this measure, and the good times aren’t over. So why are Americans so sour?

A once-in-a-generation investment boom has created lots of winners — but many Americans are feeling left out. [...]

I want to pay off $4,500 in credit-card debt in 2 months. Is this possible?
October 23, 2026 8:02
I want to pay off $4,500 in credit-card debt in 2 months. Is this possible?

“I’m 32 years old and feel like I should know how to do this stuff by now.” [...]

Will Anthropic pull off a November IPO? Time is running out.
October 23, 2026 10:21
Investors piled a record sum into a leveraged semiconductor ETF. It didn't work
October 23, 2026 9:52
The U.S. economy is great by this key measure. So why are Americans so sour?
October 23, 2026 8:30
Dow ends 650 points down, S&P 500 and Nasdaq fall as oil prices hit 6-month high
October 23, 2026 8:06
Dow falling sharply in final hour; Nasdaq down after giving up gains
October 23, 2026 7:06
Oil markets are on edge as midterms near and fresh U.S. strikes on Iran loom
October 23, 2026 6:38
Can Nvidia’s stock become a safe haven as Wall Street rethinks the AI trade?
October 23, 2026 6:21
Surging economy gets off to good start in 4th quarter, but there’s a big problem
October 23, 2026 4:49
Over 40% of Americans are heading toward retirement with no plan
October 23, 2026 3:17
Economic calendar: Factory and services data due, plus consumer mood
October 23, 2026 11:44
Jobless claims fall to lowest level since mid-May
July 3, 2025 12:36
Jobless claims stay low in latest week
February 13, 2025 1:33
Consumer credit growth soars in December
February 7, 2025 8:26
U.S. productivity slows down in fourth quarter while unit labor costs accelerate
February 6, 2025 1:34
Beyond to buy rights to Buy Buy Baby brand and reunite it with Bed Bath & Beyond
February 3, 2025 1:46
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
December 3, 2024 2:05
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
November 5, 2024 8:39
Burberry shares rise on report Moncler could bid for it
November 4, 2024 8:36
Kazatomprom reports 17% increase in production during the third quarter
November 1, 2024 7:36
Anheuser-Busch InBev shares slip as sales come up shy of estimates
October 31, 2024 8:09
Wingstop’s stock slides 12% after profit falls short of estimates
October 30, 2024 12:22
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