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Gold loses Rs7,000 per tola in Pakistan
October 23, 2026 11:11
Gold loses Rs7,000 per tola 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. [...]

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. [...]

Pakistan rupee registers gain against US dollar
October 23, 2026 10:57
Pakistan rupee registers gain against US dollar

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 Pakistani 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 over 1% on Friday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East. Brent crude futures climbed $1.30, or 1.2%, to $114.47 a barrel as of 0639 GMT, while US West Texas Intermediate crude futures rose $1.37, or 1.4%, to $100.84. Brent, which settled at its highest since May 4 on Thursday, is set to close higher for a third successive week, while WTI is on track to finish higher for a second straight week. [...]

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. [...]

PSX: selling continues, KSE-100 down over 1,300 points
October 23, 2026 7:23
PSX: selling continues, KSE-100 down over 1,300 points

Selling pressure continued at the Pakistan Stock Exchange (PSX) as fighting intensified between the world’s largest crude exporter and Yemen-based Houthis, with the benchmark KSE-100 Index shedding over 1,300 points during the first half of trading on Friday. At 12pm, the benchmark index hovered at 162,589.30, down 1,335.01 points or 0.81%. “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. Key sectors saw selling, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation, and refineries. Index-heavy stocks, including ARL, HUBCO, MARI, PPL, POL, MCB, MEBL, NBP and UBL, traded in the red. 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. This is an intraday update [...]

Oil prices rise more than 1% as supply concerns linger
October 23, 2026 7:17
Oil prices rise more than 1% as supply concerns linger

Oil prices rose over 1% on Friday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East. Brent crude futures climbed $1.30, or 1.2%, to $114.47 a barrel as of 0639 GMT, while US West Texas Intermediate crude futures rose $1.37, or 1.4%, to $100.84. Brent, which settled at its highest since May 4 on Thursday, is set to close higher for a third successive week, while WTI is on track to finish higher for a second straight 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. “Markets are increasingly worried about renewed escalation in the Persian Gulf, a scenario that could threaten oil flows that have so far remained remarkably resilient,” ING analysts said in a note on Friday. “Re-escalation seems the most likely path. Putin agrees to resume 3-way peace talks with Ukraine and US Even if tensions don’t re-escalate, the mere possibility is likely to keep a sizeable geopolitical risk premium embedded in prices.“ Clashes between the Houthis and a Saudi-led coalition that backs Yemen’s internationally recognised government have raged since the Iran-aligned Houthis pushed towards Bab el-Mandeb, a shipping chokepoint at the mouth of the Red Sea. “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 Linh Tran. “If attacks persist and delay deliveries, elevated prices will have a firmer foundation.” 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. [...]

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. [...]

Australian shares slip as mining losses offset bank gains
October 23, 2026 6:32
Australian shares slip as mining losses offset bank gains

Australian shares dropped on Friday, as a decline in mining stocks on softer commodity prices outweighed gains in banks, while escalating Houthi attacks on Saudi Arabia fuelled risk-off sentiment. The S&P/ASX 200 index fell 0.4% to 8,762.80 by 0104 GMT. The benchmark is set for its first weekly drop in four weeks. Tensions in the Gulf escalated with fighting between Saudi Arabia and Yemen’s Houthis intensifying, raising worries about oil supply that took benchmark Brent crude prices to a five-month high. Heavyweight miners are down over 7% so far this week, heading for their steepest weekly drop since mid-March. The sub-index slumped nearly 3% on the day, tracking softer iron ore and copper prices. Major miner Rio Tinto announced that it will invest $1.9 billion to develop the Kangwinan bauxite project in Queensland, Australia, which would add 20 million tons of annual bauxite production to its Weipa bauxite operations. The company’s shares dropped 2.5%. Gold stocks declined more than 4%, set for their steepest drop since late August, shadowing bullion prices. The sub-index is down nearly 9% so far this week, which is set to be its worst in over seven months. Evolution Mining and Northern Star Resources fell 2% and 2.2%, respectively. Energy stocks fell 1.9% to a two-week low, with the sub-index on track for its steepest weekly drop since late June. Santos and Woodside Energy slipped 2.8% and 1.1%, respectively. Technology stocks slid 1.5%, tracking Wall Street peers lower on renewed doubts over AI spending by tech firms. Bucking the trend, financials gained 0.6%, set for their third straight session of gains. The “Big Four” banks were all up between 0.2% and 1.1%. Meanwhile, Whitehaven Coal reported a near 22% rise in first-quarter coal production, beating the VA consensus estimate. New Zealand’s benchmark S&P/NZX 50 index fell 0.2% to 13,720.77 points. [...]

Soybeans rise on strong export sales, but harvest keeps weekly loss in view
October 23, 2026 6:24
Soybeans rise on strong export sales, but harvest keeps weekly loss in view

BEIJING: Chicago soybeans rose on Friday, supported by strong US export sales, but remained on track for a weekly loss as the Midwest harvest progressed. The most-traded soybean contract on the Chicago Board of Trade (CBOT) rose 0.32% to $12.57 a bushel, as of 0345 GMT, though it was down 0.34% for the week. The US Department of Agriculture on Thursday reported net export sales of US soybeans in the week ended October 15 at 2,841,200 metric tons, up noticeably from the prior four-week average but in line with trade expectations for 1,800,000 to 3,000,000 tons. The ongoing US harvest is replenishing near-term soybean supplies and reducing the risk of further crop deterioration, BMI, a Fitch Solutions research unit, said in a note. Expectations for a stronger Brazilian crop in 2026/27 are adding downside pressure despite lingering weather risks, it said. CBOT corn fell 0.05% to $4.60-1/4 a bushel and remained down 2.95% for the week on improving US supply prospects. Wheat rose 0.72% to $6.29-1/4 a bushel but remained on track for a 4.73% weekly loss, on hopes that diplomatic efforts could ease the Russia-Ukraine war. Russian President Vladimir Putin hosted US envoy Steve Witkoff on Wednesday, a day after Witkoff met Ukrainian President Volodymyr Zelenskiy in Norway. “While these developments remain consistent with our view that prices may periodically ease on perceptions of potential de-escalation, we remain sceptical that a durable resolution will be reached and believe the balance of risks remains tilted to the upside over the longer term,” BMI analysts said. Meanwhile, forecast rain in the US southwest Plains is expected to benefit hard red winter wheat in Kansas, Texas and Oklahoma, weighing on Kansas City wheat futures, analysts said. [...]

China's yuan holds steady, set for fourth weekly rise
October 23, 2026 6:15
China's yuan holds steady, set for fourth weekly rise

SHANGHAI: China’s yuan held steady against the dollar on Friday but remained on course for a fourth consecutive weekly rise, as a sharp selloff in the share market weighed on investor sentiment. Investors also stayed cautious ahead of major central bank meetings next week, with the Federal Reserve, Bank of Japan and European Central Bank widely expected to keep rates unchanged while maintaining a hawkish tone. Attention will also turn to China’s fifth plenum for fresh policy clues. Prior to the market opening, the People’s Bank of China (PBOC) set the midpoint rate at 6.7180 per dollar, its strongest since February 2, 2023 and 422 pips weaker than a Reuters’ estimate of 6.6758. The spot yuan is allowed to trade 2% either side of the fixed midpoint each day. In the spot market, the onshore yuan was 0.03% higher at 6.6725 per dollar as of 0304 GMT, not far from a more-than-four-year high of 6.6712 hit a day earlier.   If the yuan finishes the late-night session at the midday level, it would have strengthened 0.2% to the dollar for the week, logging the fourth consecutive weekly rise for a year-to-date gain of 4.8%. The offshore yuan last fetched 6.6724 per dollar, up about 0.01% in Asian trade. Onshore yuan traded in a tight range of less than 20 pips in morning deals, currency traders said, with the recent selloff in mainland equities dampening market sentiment. They added that investors will closely monitor the upcoming Fed policy meeting and comments for the trajectory of US monetary policy, which could affect global financial markets. A Reuters poll showed that the Fed will skip raising interest rates this month and deliver a hike in December, as policymakers signal patience even as stubborn inflation argues for a tougher response. Separately, much of the market attention will be switched to China’s fifth plenum, scheduled for October 26-29. “The focus will likely be political rather than economic, but markets will scrutinise the communiqué for new signals,” said Lynn Song, chief economist for Greater China at ING. [...]

Gold loses Rs7,000 per tola in Pakistan
October 23, 2026 11:11
Gold loses Rs7,000 per tola 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. [...]

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. [...]

Pakistan rupee registers gain against US dollar
October 23, 2026 10:57
Pakistan rupee registers gain against US dollar

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 Pakistani 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 over 1% on Friday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East. Brent crude futures climbed $1.30, or 1.2%, to $114.47 a barrel as of 0639 GMT, while US West Texas Intermediate crude futures rose $1.37, or 1.4%, to $100.84. Brent, which settled at its highest since May 4 on Thursday, is set to close higher for a third successive week, while WTI is on track to finish higher for a second straight week. [...]

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. [...]

Pakistan LPG shortage worsens after border closure, traders say
October 23, 2026 10:37
Pakistan LPG shortage worsens after border closure, traders say

LAHORE: The closure of two key border crossings between Pakistan and Iran has halted liquefied petroleum gas (LPG) imports into Pakistan, causing shortages and driving up prices, traders said. The Gabd-Rimdan and Taftan crossings were closed on October 17, with Pakistan and Iran giving different reasons for the move. The Balochistan government, in the Pakistani province where the crossings are located, said the temporary closure was intended to address security concerns and curb smuggling, while Iran’s foreign ministry cited technical issues. Pakistan imports about 7,000 metric tons of LPG a day from Iran, according to the Pakistan LPG Association. More than 4,000 tons a day enters through Gabd-Rimdan alone, said Shamsul Haq, former president of the Gwadar Chamber of Commerce and Industry. “These imports are at halt,” Haq said. PBIF chief expresses concern over LPG prices He added that more than 1,000 Pakistani containers carrying potatoes, bananas and rice for Iran were also stranded. However, the Gabd-Rimdan crossing reopened on Wednesday for Pakistani exports of perishable goods. Traders said the price of a 12 kg LPG cylinder had risen to 7,000 Pakistani rupees ($25) from 4,500 rupees ($16) within days and could climb further if the disruptions persist. Hundreds of trucks, including LPG tankers, are stranded on both sides of the border, Haq said. The Quetta Chamber of Commerce and Industry has advised members to stop placing new orders with Iran until further notice. Truck drivers stuck at the crossings said they had been waiting for days in harsh conditions with limited access to basic amenities. “We have been standing here for over a week waiting for the border to open,” said Abdul Ghani Baloch, one affected driver. Pakistan-Iran trade totalled about $2.8 billion in the 2023-24 fiscal year, including roughly $684 million of Pakistani exports, according to the Federation of Pakistan Chambers of Commerce and Industry. Pakistan LPG Association Chairman Irfan Khokhar warned shortages and price increases could worsen. “Already, LPG is being sold at different prices in Pakistan,” he said. A 12 kg cylinder sells for about 7,000 rupees in Balochistan, 7,500 rupees in Lahore and 8,200 rupees in Skardu, he said, adding that higher LPG prices were feeding through to other goods. Lahore resident Farhat Abbas said he paid 250 rupees per kg for LPG before the border closure but now pays 500-600 rupees per kg. Consumers fear shortages and rising prices could worsen as winter approaches. Pakistan’s army chief visited Tehran this week and discussed border issues with Iranian leaders. Iran’s foreign ministry said consultations on resuming trade were underway. [...]

World Bank calls for reforms to sustain Pakistan’s economic stability
October 23, 2026 10:29
World Bank calls for reforms to sustain Pakistan’s economic stability

The World Bank has called on Pakistan to sustain its economic stabilisation gains through continued reforms and effective implementation, as the country seeks to attract investment and shift towards sustainable growth, read a statement on Friday. The development came during a meeting between Finance Minister Muhammad Aurangzeb and Sandeep Mahajan, Regional Practice Director for the Prosperity Vertical for the Middle East, North Africa, Afghanistan and Pakistan (MENAAP), World Bank, accompanied by Bolormaa Amgaabazar, Country Director, and Simon Andrews, Division Director, International Finance Corporation (IFC), to discuss Pakistan’s economic reform agenda, the transition from stabilisation to sustainable growth, and priorities for strengthening investment and private-sector activity. Sandeep Mahajan congratulated Pakistan on restoring macroeconomic stability and commended the government’s effective management of the recent crisis arising from regional conflict. He noted that the buffers built through stabilisation efforts and a timely policy response had helped Pakistan manage external pressures. The World Bank representatives emphasised the importance of sustaining these gains through continued reforms and effective implementation. Aurangzeb emphasised that the government’s priority was to make macroeconomic stability durable and translate it into sustainable growth and investment-led, export-led. He noted that Pakistan had regained access to international capital markets, including through its recent $3 billion Eurobond issuance with 5-year and 10-year maturities. He also mentioned ensuring a pathway for further credit rating upgrades. He highlighted the importance of building on this progress, strengthening investor confidence and improving Pakistan’s sovereign credit profile. The finance minister discussed the importance of a credible transition framework that sustains fiscal discipline, addresses external-sector vulnerabilities and strengthens the foundations for private sector investment-led responsible and sustainable growth. The discussion also covered drawing on international experience in strengthening fiscal frameworks and policy credibility to manage external risks and support investor confidence. The meeting also covered policy continuity as a key requirement for sustained economic progress. Senator Muhammad Aurangzeb noted that investment and productivity depend on a predictable policy environment and consistent implementation. The finance minister and the World Bank representatives exchanged views on the government’s growth and jobs agenda, including opportunities to strengthen private-sector investment, improve the regulatory environment and mobilise financing for infrastructure. The discussion covered privatisation, the importance of clear regulatory frameworks and credible post-privatisation arrangements, and the potential to develop infrastructure projects through appropriate financing structures and collaboration with development partners. Both sides reaffirmed the importance of continued cooperation between Pakistan and the World Bank. [...]

Pakistan well-positioned to meet Maldivian market's growing requirements, says Jam
October 23, 2026 9:51
Pakistan well-positioned to meet Maldivian market's growing requirements, says Jam

Federal Minister for Commerce Jam Kamal Khan emphasised the need to transform the longstanding friendship between Pakistan and Maldives into a stronger economic partnership through enhanced bilateral trade, investment, tourism cooperation and business-to-business engagement. The minister highlighted the significant untapped potential for economic collaboration between the two countries. President of the Republic of Maldives Mohamed Muizzu, federal ministers, senior government officials, delegates and business representatives from both countries were present at the forum. Welcoming the Maldivian President and his delegation, Jam Kamal said that the completion of 60 years of diplomatic relations between Pakistan and Maldives provided an important opportunity to strengthen economic ties and expand bilateral trade. The minister noted that Pakistan was well-positioned to meet the growing requirements of the Maldivian market, particularly in food products, pharmaceuticals, surgical instruments, textiles and construction-related goods. He highlighted Pakistan’s capacity to export rice, meat, halal food, processed agricultural products and fresh fruits, including mangoes, citrus, cherries, apricots, peaches and dates. He also pointed to Pakistan’s emerging olive oil industry, expressing confidence that Pakistani olive oil could establish itself as a premium product in international markets over the coming years. Highlighting opportunities in tourism and hospitality, the minister appreciated Maldives’ internationally recognised standards of service and suggested greater collaboration between the two countries. He said Pakistan’s expanding tourism industry could benefit from Maldivian expertise in hospitality management, professional training and service quality. Jam Kamal further identified information technology, digital infrastructure, technology-enabled services, transport, port-related supply chains and the creative economy as promising areas for bilateral cooperation. He stressed that improved maritime and air connectivity would be essential for expanding market access and facilitating trade. Outlining Pakistan’s ongoing economic reforms, the minister said the government had introduced measures to improve the business environment, simplify tariffs, reduce industrial energy costs, expand export financing and streamline import and export procedures. He highlighted the role of Pakistan Single Window in providing traders access to multiple government agencies through a unified digital platform. He also referred to reforms in food safety, trade dispute resolution, international compliance standards and Special Economic Zones aimed at strengthening investor confidence and improving Pakistan’s export competitiveness. Encouraging Maldivian businesses to explore investment and sourcing opportunities in Pakistan, the minister emphasised the importance of direct engagement between manufacturers, exporters and potential buyers. He said the Trade Development Authority of Pakistan (TDAP) stood ready to facilitate business delegations and connect Maldivian companies with suitable Pakistani partners. The minister also extended a special invitation to his Maldivian counterpart and a business delegation to participate in Pakistan’s upcoming international food exhibition, noting that the previous edition had attracted more than 800 buyers from 80 countries. [...]

Pakistan deploys 1,782 5G sites in 24 cities
October 23, 2026 9:40
Pakistan deploys 1,782 5G sites in 24 cities

ISLAMABAD: Pakistan has deployed 1,782 5G sites across 24 cities, with Jazz accounting for more than half of the total infrastructure, while the cheapest locally available 5G-compatible handset costs around Rs36,000, highlighting the affordability challenge for wider adoption of next-generation mobile services. According to details shared by Minister for Information Technology and Telecommunication Shaza Fatima Khawaja, Jazz has deployed 1,015 sites, China Mobile Pakistan (Zong) 640 and Ufone 127. The minister said 5G technology was introduced in the country following a multiband spectrum auction, with licences signed on March 19, 2026. The rollout obligations, incorporated into the new Next Generation Mobile Services (NGMS) licences, aim to improve existing 4G services alongside the phased introduction of 5G. The rollout began on March 20, 2026, under a four-phase plan approved by the federal government. The 24 cities where 5G services have been launched or are being consolidated include Islamabad, Karachi, Lahore, Rawalpindi, Faisalabad, Peshawar, Quetta, Multan, Gujranwala, Sialkot, Sheikhupura, Hyderabad, Abbottabad, Attock, Jhelum, Kasur, Kohat, Mardan, Rahim Yar Khan, Sahiwal, Sukkur, Swabi, Chitral and Gujrat. Karachi has the highest number of deployed 5G sites at 385, followed by Lahore with 373 and Islamabad with 276. Faisalabad has 144 sites, Peshawar 122, Rawalpindi 108, Multan 103, Sialkot 87, Quetta 65 and Sheikhupura 55. Jazz leads deployment in Karachi, Lahore, Faisalabad and Multan, while Zong has a stronger presence in Peshawar, Quetta, Sheikhupura and Sialkot. Ufone’s deployment remains comparatively limited, with 127 sites across the 24 cities. The minister said all cellular mobile operators had conducted technical 5G trials nationwide between 2020 and 2025. Under the rollout obligations, deployment in federal and provincial capitals is mandatory during the first phase, while operators may expand services to other cities according to their respective business models. The government has not specified a definitive timeline in the reply for making 5G services affordable for ordinary consumers. However, it pointed to the increasing availability of locally assembled 5G-compatible smartphones as a factor that could help reduce the cost of access. According to the minister, 607,093 5G-capable handsets were locally assembled between January and August 2026, while the cheapest currently available compatible handset was priced at approximately Rs36,000. The minister clarified that users with existing 4G-capable SIM cards do not need to replace their SIMs to use 5G services. However, consumers must have compatible handsets and access to deployed 5G network coverage to benefit from the technology. The growing local handset assembly ecosystem is expected to improve the availability of compatible devices and support affordability over time. The rollout represents a significant step in Pakistan’s transition towards faster mobile broadband connectivity. However, the limited geographical footprint and cost of compatible smartphones remain key considerations for expanding access beyond major urban centres and making the technology accessible to a broader segment of the population. [...]

Pakistan seeks foreign expertise to advance economic reforms
October 23, 2026 9:26
Pakistan seeks foreign expertise to advance economic reforms

Pakistan is seeking expertise from international consulting firms to advance structural reforms, improve state-owned enterprises (SOEs) and attract foreign investment, Prime Minister Shehbaz Sharif said during a meeting with Alvarez & Marsal (A&M) Managing Director Peter Briggs in Islamabad on Friday. According to a statement, the PM welcomed the managing director while reiterating Pakistan’s willingness to open its economy to promising international markets and to consult globally acknowledged economic experts. The premier stated that after successfully achieving the goal of economic and fiscal stability, the government is taking effective measures to undertake deep-rooted structural and economic reforms to usher in an era of export-led growth and a productive economy. PM also highlighted that the government is giving special attention to enhance the performance and efficiency of the domestic manufacturing sector while equally focusing on measures to invite foreign direct investment (FDI). The prime minister told the visiting delegation that the government is following a vibrant strategy to evaluate the economic viability of SOEs and subsequently to tread a path of privatisation for uplift of the national economy and growth. The prime minister especially emphasised that the government is cognizant of the vital importance of having a team of experts and a professionally qualified workforce to improve the economic growth engine. He further said that in the same context, Pakistan is ready to have a productive and meaningful partnership with the international consulting firms to strengthen economic growth, while ensuring impact and accountability at their end. Peter Briggs expressed his appreciation for the government’s commitment to invite foreign direct investment (FDI) and to positively engage with international economic experts. Briggs also conveyed the eagerness of the firm to have positive coordination and cooperation with Pakistan for a progressive business ecosystem and productive economy. Federal Minister for Finance, Muhammad Aurangzeb; Federal Minister for Economic Affairs, Ahad Khan Cheema; Federal Minister for Power, Sardar Awais Ahmed Khan Leghari; Special Assistant to the Prime Minister (SAPM) Syed Tariq Fatemi; and senior government officials attended the meeting. [...]

SE Fruits completes IPO refund after withdrawal
October 23, 2026 8:38
SE Fruits completes IPO refund after withdrawal

SE Fruits and Vegetable Limited has completed the refund of its initial public offering (IPO) following its decision to withdraw the issue. “This is to inform all concerned that pursuant to the decision taken by the SE Fruits and Vegetable Limited to withdraw its IPO, and in accordance with the directive of the Securities and Exchange Commission of Pakistan, the entire subscription amount received from investors has been refunded into their respective bank accounts,” the Pakistan Stock Exchange (PSX) said in a notice. SE Fruits and Vegetables Limited, formerly known as Shaheen Enterprises, is a Punjab-based (Sargodha-based) exporter of mangoes, citrus (kinnow), and potatoes, along with other agricultural produce. In 2026, SE Fruits and Vegetables aimed to become the first fresh fruit and vegetable company to list on the Pakistan Stock Exchange (PSX) through an IPO. The company sought to raise between Rs1.2 billion and Rs1.92 billion by offering 30 million ordinary shares, representing 32.01% of its post-IPO paid-up capital.   Last month, the company received approval from the PSX and SECP. The book-building process, which offered 75% of the shares, commenced on September 21, 2026, and was fully subscribed within two hours. It concluded on September 22, 2026, at a strike price of Rs40 per share, raising Rs1.20 billion and being oversubscribed 1.6 times. The remaining 25% of shares were scheduled for public subscription on September 28 and 29, 2026. However, on October 13, 2026, SE Fruits and Vegetables announced its decision to withdraw the existing IPO application and submit a fresh one with additional disclosures. This decision was made after concerns arose over inadequate disclosures in the IPO documents, specifically regarding the transition of the underlying business from a partnership (operating since 1998) to a public limited company (incorporated in 2026). The SECP had detected material discrepancies in the prospectus and suspended further proceedings to protect investors, leading to the company’s voluntary withdrawal and the refund of subscription money to investors. The company stated that the withdrawal was a procedural step and reiterated its commitment to accessing Pakistan’s capital markets. The SECP initiated regulatory action to determine responsibility for procedural irregularities. [...]

PSX: selling continues, KSE-100 down over 1,300 points
October 23, 2026 7:23
PSX: selling continues, KSE-100 down over 1,300 points

Selling pressure continued at the Pakistan Stock Exchange (PSX) as fighting intensified between the world’s largest crude exporter and Yemen-based Houthis, with the benchmark KSE-100 Index shedding over 1,300 points during the first half of trading on Friday. At 12pm, the benchmark index hovered at 162,589.30, down 1,335.01 points or 0.81%. “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. Key sectors saw selling, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation, and refineries. Index-heavy stocks, including ARL, HUBCO, MARI, PPL, POL, MCB, MEBL, NBP and UBL, traded in the red. 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. This is an intraday update [...]

Gold loses Rs7,000 per tola in Pakistan
October 23, 2026 11:11
Gold loses Rs7,000 per tola 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. [...]

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. [...]

At least 10 terrorists, including woman, killed in Gwadar operations: ISPR
October 23, 2026 10:59
At least 10 terrorists, including woman, killed in Gwadar operations: ISPR

Security forces killed at least 10 terrorists, including a woman, during operations in and around Gwadar after terrorists’ attempts to carry out attacks near the Gabd Border Crossing and in Gwadar city, the military’s media wing said on Friday. The Inter-Services Public Relations (ISPR) said the attacks were carried out on October 22 by Indian-sponsored terrorists belonging to “Fitna al Hindustan”. The ISPR said security forces launched clearance operations to protect residents and secure the affected areas. In separate engagements, the forces foiled the attackers’ attempts to undermine the writ of the state. One civilian was killed during the terrorist attacks, while several vehicles were damaged, the statement said. It added that the operations concluded without any casualties among security personnel and that order had been restored. “By targeting these locations, terrorists sought to harm the very people they claim to represent and wanted to obstruct the development and prosperity of Balochistan. To protect residents and clear the area, Security Forces launched clearance operations in and around Gwadar city,” it said. The military said the involvement of a female attacker reflected the terrorists’ exploitation of Baloch women for propaganda purposes. It condemned the alleged coercion of a Baloch woman into the attack, describing it as contrary to Baloch and Islamic traditions. The ISPR said the people of Balochistan had consistently rejected violence carried out in their name. It added that counterterrorism operations under the vision of “Azm-e-Istehkam”, approved by the Federal Apex Committee on the National Action Plan, would continue at full pace. Security forces and law enforcement agencies remained committed to eliminating what the military described as foreign-sponsored and supported terrorism from the country, the military said. Meanwhile, Prime Minister Muhammad Shehbaz Sharif praised the officers and personnel of the security forces for their successful operation against terrorists belonging to Fitna al-Hindustan in Gwadar. According to the PM Office, the prime minister commended the professionalism of the security forces’ officers and personnel for killing 10 terrorists and foiling attempts to carry out terrorist activities in Gwadar. He expressed grief over the martyrdom of a civilian during the terrorists’ attack. PM Shehbaz prayed for the elevation of the martyr’s ranks in the Hereafter and for patience and strength for the bereaved family. “The dedicated and brave officers and personnel of the security forces have foiled the nefarious designs of terrorists in Gwadar city and around the Gabd border crossing,” the prime minister said. He said terrorists were enemies of the development and prosperity of the people of Balochistan. “Terrorists belonging to Fitna al-Hindustan will never succeed in their nefarious designs. “Operations to completely eliminate terrorism will continue at full pace under the framework of Azm-e-Istehkam,” the prime minister stated, adding that the entire nation stood shoulder to shoulder with the security forces and law enforcement agencies in their unwavering commitment to completely eliminate foreign-sponsored terrorism. Earlier, Chief of Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir on Friday vowed to continue operations against “Indian-sponsored terrorist outfits”, saying they would be hit hard wherever they were found. During a visit to Corps Headquarters in Peshawar, the army chief was briefed on the prevailing security situation, ongoing counterterrorism operations, border management measures and the operational preparedness of formations deployed in the province, according to the Inter-Services Public Relations (ISPR). Munir commended the morale and professionalism of officers and troops and directed them to maintain vigilance and the highest standards of operational readiness to counter threats effectively. [...]

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. [...]

Pakistan rupee registers gain against US dollar
October 23, 2026 10:57
Pakistan rupee registers gain against US dollar

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 Pakistani 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 over 1% on Friday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East. Brent crude futures climbed $1.30, or 1.2%, to $114.47 a barrel as of 0639 GMT, while US West Texas Intermediate crude futures rose $1.37, or 1.4%, to $100.84. Brent, which settled at its highest since May 4 on Thursday, is set to close higher for a third successive week, while WTI is on track to finish higher for a second straight week. [...]

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. [...]

Pakistan LPG shortage worsens after border closure, traders say
October 23, 2026 10:37
Pakistan LPG shortage worsens after border closure, traders say

LAHORE: The closure of two key border crossings between Pakistan and Iran has halted liquefied petroleum gas (LPG) imports into Pakistan, causing shortages and driving up prices, traders said. The Gabd-Rimdan and Taftan crossings were closed on October 17, with Pakistan and Iran giving different reasons for the move. The Balochistan government, in the Pakistani province where the crossings are located, said the temporary closure was intended to address security concerns and curb smuggling, while Iran’s foreign ministry cited technical issues. Pakistan imports about 7,000 metric tons of LPG a day from Iran, according to the Pakistan LPG Association. More than 4,000 tons a day enters through Gabd-Rimdan alone, said Shamsul Haq, former president of the Gwadar Chamber of Commerce and Industry. “These imports are at halt,” Haq said. PBIF chief expresses concern over LPG prices He added that more than 1,000 Pakistani containers carrying potatoes, bananas and rice for Iran were also stranded. However, the Gabd-Rimdan crossing reopened on Wednesday for Pakistani exports of perishable goods. Traders said the price of a 12 kg LPG cylinder had risen to 7,000 Pakistani rupees ($25) from 4,500 rupees ($16) within days and could climb further if the disruptions persist. Hundreds of trucks, including LPG tankers, are stranded on both sides of the border, Haq said. The Quetta Chamber of Commerce and Industry has advised members to stop placing new orders with Iran until further notice. Truck drivers stuck at the crossings said they had been waiting for days in harsh conditions with limited access to basic amenities. “We have been standing here for over a week waiting for the border to open,” said Abdul Ghani Baloch, one affected driver. Pakistan-Iran trade totalled about $2.8 billion in the 2023-24 fiscal year, including roughly $684 million of Pakistani exports, according to the Federation of Pakistan Chambers of Commerce and Industry. Pakistan LPG Association Chairman Irfan Khokhar warned shortages and price increases could worsen. “Already, LPG is being sold at different prices in Pakistan,” he said. A 12 kg cylinder sells for about 7,000 rupees in Balochistan, 7,500 rupees in Lahore and 8,200 rupees in Skardu, he said, adding that higher LPG prices were feeding through to other goods. Lahore resident Farhat Abbas said he paid 250 rupees per kg for LPG before the border closure but now pays 500-600 rupees per kg. Consumers fear shortages and rising prices could worsen as winter approaches. Pakistan’s army chief visited Tehran this week and discussed border issues with Iranian leaders. Iran’s foreign ministry said consultations on resuming trade were underway. [...]

World Bank calls for reforms to sustain Pakistan’s economic stability
October 23, 2026 10:29
World Bank calls for reforms to sustain Pakistan’s economic stability

The World Bank has called on Pakistan to sustain its economic stabilisation gains through continued reforms and effective implementation, as the country seeks to attract investment and shift towards sustainable growth, read a statement on Friday. The development came during a meeting between Finance Minister Muhammad Aurangzeb and Sandeep Mahajan, Regional Practice Director for the Prosperity Vertical for the Middle East, North Africa, Afghanistan and Pakistan (MENAAP), World Bank, accompanied by Bolormaa Amgaabazar, Country Director, and Simon Andrews, Division Director, International Finance Corporation (IFC), to discuss Pakistan’s economic reform agenda, the transition from stabilisation to sustainable growth, and priorities for strengthening investment and private-sector activity. Sandeep Mahajan congratulated Pakistan on restoring macroeconomic stability and commended the government’s effective management of the recent crisis arising from regional conflict. He noted that the buffers built through stabilisation efforts and a timely policy response had helped Pakistan manage external pressures. The World Bank representatives emphasised the importance of sustaining these gains through continued reforms and effective implementation. Aurangzeb emphasised that the government’s priority was to make macroeconomic stability durable and translate it into sustainable growth and investment-led, export-led. He noted that Pakistan had regained access to international capital markets, including through its recent $3 billion Eurobond issuance with 5-year and 10-year maturities. He also mentioned ensuring a pathway for further credit rating upgrades. He highlighted the importance of building on this progress, strengthening investor confidence and improving Pakistan’s sovereign credit profile. The finance minister discussed the importance of a credible transition framework that sustains fiscal discipline, addresses external-sector vulnerabilities and strengthens the foundations for private sector investment-led responsible and sustainable growth. The discussion also covered drawing on international experience in strengthening fiscal frameworks and policy credibility to manage external risks and support investor confidence. The meeting also covered policy continuity as a key requirement for sustained economic progress. Senator Muhammad Aurangzeb noted that investment and productivity depend on a predictable policy environment and consistent implementation. The finance minister and the World Bank representatives exchanged views on the government’s growth and jobs agenda, including opportunities to strengthen private-sector investment, improve the regulatory environment and mobilise financing for infrastructure. The discussion covered privatisation, the importance of clear regulatory frameworks and credible post-privatisation arrangements, and the potential to develop infrastructure projects through appropriate financing structures and collaboration with development partners. Both sides reaffirmed the importance of continued cooperation between Pakistan and the World Bank. [...]

Lahore tops global pollution rankings as AQI hits hazardous levels
October 23, 2026 10:09
Lahore tops global pollution rankings as AQI hits hazardous levels

Lahore ranked as the world’s most polluted major city on Friday morning, with its air quality reaching hazardous levels, according to Swiss air quality monitoring platform IQAir. IQAir’s live tracker recorded the city’s air quality index (AQI) at 410 at one point on Friday morning, placing it in the “hazardous” category. India’s New Delhi ranked second with an AQI of 203, followed by Senegal’s Dakar at 196. Physicians advised Lahore residents to wear masks outdoors to reduce exposure to air pollution. IQAir also recommended avoiding outdoor exercise, keeping windows closed and using indoor air purifiers. The platform identified fine particulate matter, known as PM2.5, as the city’s primary pollutant. Its concentration was reported at 45.2 times the World Health Organisation’s annual guideline value. PM2.5 consists of tiny airborne particles measuring 2.5 micrometres or less in diameter. These particles can penetrate deep into the lungs, while prolonged exposure can increase the risk of serious health problems. Air pollution has become a major environmental and public health concern in Pakistan, particularly in Lahore during the winter smog season. Vehicle emissions, industrial pollution, crop-residue burning and weather conditions that limit the dispersal of pollutants contribute to the problem. Lahore was the only Pakistani city among the world’s 20 most polluted cities listed on Friday morning, while Karachi recorded an AQI of 110 on the platform’s broader list. IQAir’s rankings reflect live readings that can fluctuate throughout the day. [...]

Pakistan well-positioned to meet Maldivian market's growing requirements, says Jam
October 23, 2026 9:51
Pakistan well-positioned to meet Maldivian market's growing requirements, says Jam

Federal Minister for Commerce Jam Kamal Khan emphasised the need to transform the longstanding friendship between Pakistan and Maldives into a stronger economic partnership through enhanced bilateral trade, investment, tourism cooperation and business-to-business engagement. The minister highlighted the significant untapped potential for economic collaboration between the two countries. President of the Republic of Maldives Mohamed Muizzu, federal ministers, senior government officials, delegates and business representatives from both countries were present at the forum. Welcoming the Maldivian President and his delegation, Jam Kamal said that the completion of 60 years of diplomatic relations between Pakistan and Maldives provided an important opportunity to strengthen economic ties and expand bilateral trade. The minister noted that Pakistan was well-positioned to meet the growing requirements of the Maldivian market, particularly in food products, pharmaceuticals, surgical instruments, textiles and construction-related goods. He highlighted Pakistan’s capacity to export rice, meat, halal food, processed agricultural products and fresh fruits, including mangoes, citrus, cherries, apricots, peaches and dates. He also pointed to Pakistan’s emerging olive oil industry, expressing confidence that Pakistani olive oil could establish itself as a premium product in international markets over the coming years. Highlighting opportunities in tourism and hospitality, the minister appreciated Maldives’ internationally recognised standards of service and suggested greater collaboration between the two countries. He said Pakistan’s expanding tourism industry could benefit from Maldivian expertise in hospitality management, professional training and service quality. Jam Kamal further identified information technology, digital infrastructure, technology-enabled services, transport, port-related supply chains and the creative economy as promising areas for bilateral cooperation. He stressed that improved maritime and air connectivity would be essential for expanding market access and facilitating trade. Outlining Pakistan’s ongoing economic reforms, the minister said the government had introduced measures to improve the business environment, simplify tariffs, reduce industrial energy costs, expand export financing and streamline import and export procedures. He highlighted the role of Pakistan Single Window in providing traders access to multiple government agencies through a unified digital platform. He also referred to reforms in food safety, trade dispute resolution, international compliance standards and Special Economic Zones aimed at strengthening investor confidence and improving Pakistan’s export competitiveness. Encouraging Maldivian businesses to explore investment and sourcing opportunities in Pakistan, the minister emphasised the importance of direct engagement between manufacturers, exporters and potential buyers. He said the Trade Development Authority of Pakistan (TDAP) stood ready to facilitate business delegations and connect Maldivian companies with suitable Pakistani partners. The minister also extended a special invitation to his Maldivian counterpart and a business delegation to participate in Pakistan’s upcoming international food exhibition, noting that the previous edition had attracted more than 800 buyers from 80 countries. [...]

Pakistan deploys 1,782 5G sites in 24 cities
October 23, 2026 9:40
Pakistan deploys 1,782 5G sites in 24 cities

ISLAMABAD: Pakistan has deployed 1,782 5G sites across 24 cities, with Jazz accounting for more than half of the total infrastructure, while the cheapest locally available 5G-compatible handset costs around Rs36,000, highlighting the affordability challenge for wider adoption of next-generation mobile services. According to details shared by Minister for Information Technology and Telecommunication Shaza Fatima Khawaja, Jazz has deployed 1,015 sites, China Mobile Pakistan (Zong) 640 and Ufone 127. The minister said 5G technology was introduced in the country following a multiband spectrum auction, with licences signed on March 19, 2026. The rollout obligations, incorporated into the new Next Generation Mobile Services (NGMS) licences, aim to improve existing 4G services alongside the phased introduction of 5G. The rollout began on March 20, 2026, under a four-phase plan approved by the federal government. The 24 cities where 5G services have been launched or are being consolidated include Islamabad, Karachi, Lahore, Rawalpindi, Faisalabad, Peshawar, Quetta, Multan, Gujranwala, Sialkot, Sheikhupura, Hyderabad, Abbottabad, Attock, Jhelum, Kasur, Kohat, Mardan, Rahim Yar Khan, Sahiwal, Sukkur, Swabi, Chitral and Gujrat. Karachi has the highest number of deployed 5G sites at 385, followed by Lahore with 373 and Islamabad with 276. Faisalabad has 144 sites, Peshawar 122, Rawalpindi 108, Multan 103, Sialkot 87, Quetta 65 and Sheikhupura 55. Jazz leads deployment in Karachi, Lahore, Faisalabad and Multan, while Zong has a stronger presence in Peshawar, Quetta, Sheikhupura and Sialkot. Ufone’s deployment remains comparatively limited, with 127 sites across the 24 cities. The minister said all cellular mobile operators had conducted technical 5G trials nationwide between 2020 and 2025. Under the rollout obligations, deployment in federal and provincial capitals is mandatory during the first phase, while operators may expand services to other cities according to their respective business models. The government has not specified a definitive timeline in the reply for making 5G services affordable for ordinary consumers. However, it pointed to the increasing availability of locally assembled 5G-compatible smartphones as a factor that could help reduce the cost of access. According to the minister, 607,093 5G-capable handsets were locally assembled between January and August 2026, while the cheapest currently available compatible handset was priced at approximately Rs36,000. The minister clarified that users with existing 4G-capable SIM cards do not need to replace their SIMs to use 5G services. However, consumers must have compatible handsets and access to deployed 5G network coverage to benefit from the technology. The growing local handset assembly ecosystem is expected to improve the availability of compatible devices and support affordability over time. The rollout represents a significant step in Pakistan’s transition towards faster mobile broadband connectivity. However, the limited geographical footprint and cost of compatible smartphones remain key considerations for expanding access beyond major urban centres and making the technology accessible to a broader segment of the population. [...]

Pakistan seeks foreign expertise to advance economic reforms
October 23, 2026 9:26
Pakistan seeks foreign expertise to advance economic reforms

Pakistan is seeking expertise from international consulting firms to advance structural reforms, improve state-owned enterprises (SOEs) and attract foreign investment, Prime Minister Shehbaz Sharif said during a meeting with Alvarez & Marsal (A&M) Managing Director Peter Briggs in Islamabad on Friday. According to a statement, the PM welcomed the managing director while reiterating Pakistan’s willingness to open its economy to promising international markets and to consult globally acknowledged economic experts. The premier stated that after successfully achieving the goal of economic and fiscal stability, the government is taking effective measures to undertake deep-rooted structural and economic reforms to usher in an era of export-led growth and a productive economy. PM also highlighted that the government is giving special attention to enhance the performance and efficiency of the domestic manufacturing sector while equally focusing on measures to invite foreign direct investment (FDI). The prime minister told the visiting delegation that the government is following a vibrant strategy to evaluate the economic viability of SOEs and subsequently to tread a path of privatisation for uplift of the national economy and growth. The prime minister especially emphasised that the government is cognizant of the vital importance of having a team of experts and a professionally qualified workforce to improve the economic growth engine. He further said that in the same context, Pakistan is ready to have a productive and meaningful partnership with the international consulting firms to strengthen economic growth, while ensuring impact and accountability at their end. Peter Briggs expressed his appreciation for the government’s commitment to invite foreign direct investment (FDI) and to positively engage with international economic experts. Briggs also conveyed the eagerness of the firm to have positive coordination and cooperation with Pakistan for a progressive business ecosystem and productive economy. Federal Minister for Finance, Muhammad Aurangzeb; Federal Minister for Economic Affairs, Ahad Khan Cheema; Federal Minister for Power, Sardar Awais Ahmed Khan Leghari; Special Assistant to the Prime Minister (SAPM) Syed Tariq Fatemi; and senior government officials attended the meeting. [...]

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 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... [...]

Ron Duguay, former New York Rangers forward, dies after cancer battle
October 22, 2026 4:46
Ron Duguay, former New York Rangers forward, dies after cancer battle

Duguay played 12 seasons in the NHL, including eight with the Rangers, becoming one of the franchise's most recognisable playersFormer New York Rangers forward Ron Duguay has died aged 69 after battling stage 4 cancer, prompting tributes from across the hockey community.According to the NHL,... [...]

Kathy Hochul gets campaign boost from NYC Mayor Zohran Mamdani ahead of midterms
October 22, 2026 4:23
Kathy Hochul gets campaign boost from NYC Mayor Zohran Mamdani ahead of midterms

Kathy Hochul gets campaign boost from NYC Mayor Zohran Mamdani ahead of midtermsNew York City Mayor Zohran Mamdani is set to join Governor Kathy Hochul on the campaign trail in Brooklyn this weekend as she seeks re-election against Republican Bruce Blakeman.The two Democrats are expected to make... [...]

Abdul El-Sayed and Mike Rogers clash over Trump, patriotism in Michigan Senate debate
October 22, 2026 4:03
Abdul El-Sayed and Mike Rogers clash over Trump, patriotism in Michigan Senate debate

Abdul El-Sayed and Mike Rogers clash over Trump, patriotism in Michigan Senate debateMichigan's closely contested Senate race took a personal turn on Wednesday night as Democratic candidate Abdul El-Sayed and Republican Mike Rogers clashed over patriotism, US President Donald Trump and political... [...]

Russia attacks Kyiv hours after peace talks announcement, killing two and injuring 22
October 22, 2026 3:41
Russia attacks Kyiv hours after peace talks announcement, killing two and injuring 22

Russia attacks Kyiv hours after peace talks announcement, killing two and injuring 22Russia has launched a deadly missile attack on Kyiv just hours after President Vladimir Putin agreed to resume peace negotiations with Ukraine and the United States.According to The Guardian, Russian forces... [...]

Macron vows to ban non-union protests, blames ultra-left groups as unrest grips France
October 22, 2026 3:21
Macron vows to ban non-union protests, blames ultra-left groups as unrest grips France

Macron said the government would take a 'multi-pronged' approach to preventing further violenceFrench President Emmanuel Macron has accused organised ultra-left groups of attempting to overthrow the Republic through violent protests, as his government prepares tougher restrictions on... [...]

Trump's massive DC arch could begin construction days after US midterm elections
October 22, 2026 3:01
Trump's massive DC arch could begin construction days after US midterm elections

Trump's massive DC arch could begin construction days after US midterm electionsConstruction on US President Donald Trump's controversial 250-foot triumphal arch in Washington DC could begin as early as 5 November, despite ongoing legal challenges and public opposition.According to CNN, the Trump... [...]

Putin-Witkoff meeting: 5 key takeaways on Ukraine peace talks
October 22, 2026 6:47
Putin-Witkoff meeting: 5 key takeaways on Ukraine peace talks

Russian president Vladimir Putin met with the Trump administration’ special envoy Steve Witkoff on Wednesday aimed at resolving the years-long Ukraine war.Prior to meeting Putin, Witkoff met with Ukrainian president Volodymyr Zelenskyy in Oslo and held constructive talks on potential peace... [...]

Sheriff Chris Nanos insists Nancy Guthrie was taken alive
October 22, 2026 12:35
Sheriff Chris Nanos insists Nancy Guthrie was taken alive

Sheriff Chris Nanos insists Nancy Guthrie was taken aliveNearly nine months have passed; Nancy Guthrie's whereabouts are still unknown, and suspects involved in her alleged kidnapping are yet to be apprehended.Upon her disappearance, ransom notes were released earlier by law enforcement agencies... [...]

Yankees extend Brian Cashman's tenure after another disappointing playoff exit
October 21, 2026 7:35
Yankees extend Brian Cashman's tenure after another disappointing playoff exit

Cashman served as the Yankees' general manager since 1998, making him the longest-serving GM in the team's historyNew York Yankees general manager Brian Cashman has agreed to a new contract with the MLB franchise, extending his long-running tenure despite another season without a World Series... [...]

Poland's abortion ban faces new challenge as lawmakers vote to loosen restrictions
October 21, 2026 6:30
Poland's abortion ban faces new challenge as lawmakers vote to loosen restrictions

Poland's abortion ban faces new challenge as lawmakers vote to loosen restrictionsPoland's parliament has approved two bills aimed at easing the country's near-total abortion ban, although the proposed reforms face a likely veto from the president.According to The Guardian, the legislation would... [...]

جامعہ کراچی کے اے ڈی سی/بی کام نتائج: کامیابی کا تناسب صرف 33.84 فیصد
October 23, 2026 10:10
جامعہ کراچی کے اے ڈی سی/بی کام نتائج: کامیابی کا تناسب صرف 33.84 فیصد

—فائل فوٹوجامعہ کراچی کے ایسوسی ایٹ ڈگری اِن کامرس /بی کام سالانہ امتحانات 2025ء کے نتائج میں سرکاری کالجز کی کارکردگی کا پول کھل گیا... [...]

گوادر: سیکیورٹی فورسز کا کلیئرنس آپریشن، 10 دہشتگرد ہلاک
October 23, 2026 10:10
گوادر: سیکیورٹی فورسز کا کلیئرنس آپریشن، 10 دہشتگرد ہلاک

— فائل فوٹوسیکیورٹی فورسز نے گوادر، گبد بارڈر کراسنگ اور گوادر شہر میں بھارتی سرپرستی میں دہشت گردی کی کوشش ناکام بنا دی۔پاک فوج کے... [...]

کراچی: شارع بھٹو پر ٹائر پھٹنے سے پولیس موبائل الٹ گئی
October 23, 2026 9:10
کراچی: شارع بھٹو پر ٹائر پھٹنے سے پولیس موبائل الٹ گئی

— فائل فوٹوکراچی میں شارع بھٹو پر ٹائر پھٹنے سے پولیس موبائل اُلٹ گئی۔پولیس حکام کا کہنا ہے کہ پولیس موبائل الٹنے میں 4 اہلکار زخمی... [...]

لسبیلہ: اوتھل زیرو پوائنٹ کے مقام پر ویگن و کوچ میں تصادم، 11 افراد جاں بحق
October 23, 2026 9:10
لسبیلہ: اوتھل زیرو پوائنٹ کے مقام پر ویگن و کوچ میں تصادم، 11 افراد جاں بحق

— فائل فوٹولسبیلہ میں اوتھل زیرو پوائنٹ کے مقام پر ٹریفک حادثے میں 11 افراد جاں بحق ہو گئے۔حادثہ ویگن اور مسافر کوچ کے درمیان تصادم کے... [...]

لاہور: محفوظ بسنت 12، 13، 14 مارچ 2027ء کو منانے کا فیصلہ
October 23, 2026 9:10
لاہور: محفوظ بسنت 12، 13، 14 مارچ 2027ء کو منانے کا فیصلہ

---فائل فوٹولاہور میں محفوظ بسنت 12، 13 اور 14 مارچ 2027ء کو منائی جائے گی، جبکہ مقررہ تاریخوں سے قبل اور بعد میں پتنگ بازی پر مکمل پابندی... [...]

حافظ نعیم الرحمٰن سیاسی بوکھلاہٹ کا شکار ہیں: سعدیہ جاوید
October 23, 2026 8:10
حافظ نعیم الرحمٰن سیاسی بوکھلاہٹ کا شکار ہیں: سعدیہ جاوید

— فائل فوٹو ترجمان سندھ حکومت سعدیہ جاوید نے امیرِ جماعتِ اسلامی حافظ نعیم الرحمٰن کے بیان پر اپنے ردِعمل کا اظہار کیا ہے۔سعدیہ... [...]

ہنزہ: گوجال میں ریچھ کی موجودگی کے شواہد
October 23, 2026 7:10
ہنزہ: گوجال میں ریچھ کی موجودگی کے شواہد

—فائل فوٹوہنزہ میں گوجال کے علاقے گلمت میں ریچھ کی موجودگی کے شواہد ملے ہیں۔ترجمان محکمۂ وائلڈ لائف کے مطابق گوجال کے علاقے گلمت... [...]

لانگ مارچ کی تیاری کر رہے ہیں، اسلام آباد جائیں گے: حافظ نعیم الرحمٰن
October 23, 2026 7:10
لانگ مارچ کی تیاری کر رہے ہیں، اسلام آباد جائیں گے: حافظ نعیم الرحمٰن

امیرِ جماعتِ اسلامی حافظ نعیم الرحمٰن—فائل فوٹو امیرِ جماعتِ اسلامی حافظ نعیم الرحمٰن کا کہنا ہے کہ کراچی کے عوام نے جماعتِ اسلامی... [...]

وزیرِ اعظم شہباز شریف نے کیے گئے مطالبات منظور کر لیے: گورنر کے پی فیصل کریم کنڈی
October 23, 2026 7:10
وزیرِ اعظم شہباز شریف نے کیے گئے مطالبات منظور کر لیے: گورنر کے پی فیصل کریم کنڈی

خیبر پختون خوا کے گورنر فیصل کریم کنڈی---فائل فوٹو خیبر پختون خوا کے گورنر فیصل کریم کنڈی نے کہا ہے کہ وزیرِ اعظم شہباز شریف نے کیے... [...]

تحریک انصاف میں قیادت پر اختلاف نہیں، بیرسٹر گوہر ہی قیادت کریں گے: شوکت یوسفزئی
October 23, 2026 7:10
تحریک انصاف میں قیادت پر اختلاف نہیں، بیرسٹر گوہر ہی قیادت کریں گے: شوکت یوسفزئی

 شوکت یوسفزئی---فائل فوٹو  پاکستان تحریکِ انصاف خیبر پختون خوا کے سیکریٹری اطلاعات شوکت یوسفزئی کا کہنا ہے کہ پارٹی میں قیادت کے... [...]

دہشت گرد جہاں بھی ہوں گے، انہیں بھرپور ضرب لگائیں گے: فیلڈ مارشل عاصم منیر
October 23, 2026 6:10
دہشت گرد جہاں بھی ہوں گے، انہیں بھرپور ضرب لگائیں گے: فیلڈ مارشل عاصم منیر

فیلڈ مارشل سید عاصم منیر نے واضح کر دیا ہے کہ دہشت گرد جہاں بھی ہوں گے انہیں بھرپور ضرب لگائیں گے۔پاک فوج کے شعبۂ تعلقاتِ عامہ ... [...]

حافظ آباد: باپ سمیت 2 افراد کا قتل، 2 بیٹے اور ماں گرفتار
October 23, 2026 6:10
حافظ آباد: باپ سمیت 2 افراد کا قتل، 2 بیٹے اور ماں گرفتار

—فائل فوٹوحافظ آباد میں کلہاڑی کے وار کر کے باپ اور اس کے دوست کو قتل کرنے والے دونوں بیٹوں اور ان کی ماں کو گرفتار کر لیا گیا۔ڈسٹرکٹ... [...]

راولپنڈی: گھر سے 2 خواتین کی لاشیں برآمد
October 23, 2026 5:10
راولپنڈی: گھر سے 2 خواتین کی لاشیں برآمد

—فائل فوٹوراولپنڈی کے تھانہ دھمیال کی حدود میں گھر سے 2 خواتین کی لاشیں برآمد ہوئی ہیں۔پولیس ذرائع کے مطابق دونوں خواتین کو مبینہ... [...]

لاہور: اسکوٹی سوار لڑکی کو زمین پر پٹخ کر تھپڑ مارنے والا شخص گرفتار
October 23, 2026 5:10
لاہور: اسکوٹی سوار لڑکی کو زمین پر پٹخ کر تھپڑ مارنے والا شخص گرفتار

... [...]

آلودہ ترین بڑے شہروں میں لاہور پھر پہلے نمبر پر
October 23, 2026 4:10
آلودہ ترین بڑے شہروں میں لاہور پھر پہلے نمبر پر

—فائل فوٹولاہور دنیا کے بڑے آلودہ ترین شہروں میں پہلے نمبر پر آ گیا، یہاں کا ایئر کوالٹی انڈیکس 344 ریکارڈ کیا گیا۔عالمی ماحولیاتی... [...]

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... [...]

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... [...]

بھارت: پھٹا نوٹ تبدیل کرنے کا کہنے پر کسٹمر کا تشدد، دلبرداشتہ مسلمان ڈیلیوری بوائے نے خودکشی کر لی
October 23, 2026 8:10
بھارت: پھٹا نوٹ تبدیل کرنے کا کہنے پر کسٹمر کا تشدد، دلبرداشتہ مسلمان ڈیلیوری بوائے نے خودکشی کر لی

---فوٹوز بشکریہ بھارتی میڈیابھارت میں 10 روپے کا پھٹا نوٹ تبدیل کرنے کی درخواست پر کسٹمر کی جانب سے تھپڑ مارے جانے اور توہین کا نشانہ... [...]

مسک نے یوکرین کیلئے اسٹار لنک کی انٹرنیٹ سروس بحال کر دی:امریکی صدر
October 23, 2026 7:10
مسک نے یوکرین کیلئے اسٹار لنک کی انٹرنیٹ سروس بحال کر دی:امریکی صدر

—فائل فوٹوامریکی صدر ڈونلڈ ٹرمپ کا کہنا ہے کہ ایلون مسک نے یوکرین کے لیے اسٹار لنک کی انٹرنیٹ سروس بحال کر دی۔صدر ٹرمپ کا یہ بیان... [...]

وفاقی ایجنٹس نے ذاتی استعمال کی 17 اشیاء ضبط کر لیں: الہان عمر
October 23, 2026 6:10
وفاقی ایجنٹس نے ذاتی استعمال کی 17 اشیاء ضبط کر لیں: الہان عمر

الہان عمر---فائل فوٹوامریکی ڈیموکریٹک رکنِ کانگریس الہان عمر نے انکشاف کیا ہے کہ وفاقی ایجنٹس نے واشنگٹن ڈی سی میں رہائش گاہ پر علی... [...]

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... [...]

امریکی وسط مدتی انتخابات تاریخ میں سب سے مہنگے ہونے کا امکان
October 23, 2026 6:10
امریکی وسط مدتی انتخابات تاریخ میں سب سے مہنگے ہونے کا امکان

---فائل فوٹو رواں سال امریکا کے وسط مدتی انتخابات پر ہونے والے اخراجات تاریخ میں سب سے زیادہ ہو سکتے ہیں۔غیر ملکی میڈیا رپورٹس کے... [...]

امریکا: بھارتی شخص نے بیوی کو قتل کر کے امیگریشن اہلکاروں پر اغواء کا الزام لگا دیا
October 23, 2026 6:10
امریکا: بھارتی شخص نے بیوی کو قتل کر کے امیگریشن اہلکاروں پر اغواء کا الزام لگا دیا

---فوٹوز بشکریہ بھارتی میڈیا امریکی ریاست کیلیفورنیا کی پولیس نے اپنی بیوی کو قتل کرنے اور امیگریشن اہلکاروں پر اہلیہ کے اغواء کا... [...]

ٹرمپ کی کرپٹو کمپنی پر غیر ملکی سرمایہ کاری سے ناجائز فائدہ حاصل کرنے کا الزام، مقدمہ دائر
October 23, 2026 5:10
ٹرمپ کی کرپٹو کمپنی پر غیر ملکی سرمایہ کاری سے ناجائز فائدہ حاصل کرنے کا الزام، مقدمہ دائر

امریکی صدر ٹرمپ— فائل فوٹو امریکی صدر ڈونلڈ ٹرمپ اور ان کے خاندان سے منسلک کرپٹو کمپنی ’ورلڈ لبرٹی فنانشل‘ کے خلاف مبینہ طور پر غیر... [...]

مصنوعی ذہانت ایجنٹس کی امریکی بینک اکاؤنٹس تک رسائی، مالیاتی اداروں میں تشویش کی لہر
October 23, 2026 5:10
مصنوعی ذہانت ایجنٹس کی امریکی بینک اکاؤنٹس تک رسائی، مالیاتی اداروں میں تشویش کی لہر

---فوٹو بشکریہ دی نیوز انٹرنیشنلمصنوعی ذہانت کے خودکار نظاموں کی جانب سے بڑے امریکی بینکس کے صارفین کے اکاؤنٹس تک غیر مجاز رسائی اور... [...]

تبت میں 7 شدت کا زلزلہ، 16 افراد ہلاک
October 23, 2026 5:10
تبت میں 7 شدت کا زلزلہ، 16 افراد ہلاک

—فائل فوٹوچین کے خود مختار علاقے تبت کے شہر ناگچو میں آنے والے زلزلے کے نتیجے میں 16 افراد ہلاک اور 65 زخمی ہو گئے جبکہ سیکڑوں مکانات... [...]

امریکی عدالت کا ٹرمپ کو بی بی سی کیخلاف ہتکِ عزت کے مقدمے میں حلفاً بیان ریکارڈ کرانے کا حکم
October 23, 2026 5:10
امریکی عدالت کا ٹرمپ کو بی بی سی کیخلاف ہتکِ عزت کے مقدمے میں حلفاً بیان ریکارڈ کرانے کا حکم

---فائل فوٹوامریکی عدالت نے صدر ڈونلڈ ٹرمپ کو بی بی سی کے خلاف ہتکِ عزت کے مقدمے میں حلف کے تحت سوالات کے جواب دینے کا حکم دے دیا۔میڈیا... [...]

ٹرمپ کی بحرِ اوقیانوس کا نام تبدیل کرنے کی تجویز پر گوگل نے کیا کہا؟
October 23, 2026 4:10
ٹرمپ کی بحرِ اوقیانوس کا نام تبدیل کرنے کی تجویز پر گوگل نے کیا کہا؟

— فائل فوٹوامریکی صدر ڈونلڈ ٹرمپ نے دعویٰ کیا ہے کہ گوگل نے بحرِ اوقیانوس کا نام میرے نام یا امریکا کے نام پر رکھنے کی درخواست مسترد... [...]

ایران کو بری طرح نقصان پہنچایا، مزید کارروائی بھی کر سکتے ہیں: ٹرمپ
October 23, 2026 3:10
ایران کو بری طرح نقصان پہنچایا، مزید کارروائی بھی کر سکتے ہیں: ٹرمپ

— فائل فوٹو امریکی صدر ڈونلڈ ٹرمپ نے ایران کو مزید امریکی حملوں کی دھمکی دے دی۔عرب میڈیا کی رپورٹ کے مطابق ڈونلڈ ٹرمپ نے جمعرات کو... [...]

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... [...]

پیٹرول اور ڈیزل مہنگا کردیا گیا
October 20, 2026 6:10
پیٹرول اور ڈیزل مہنگا کردیا گیا

اگلے ایک روز کیلئے پیٹرولیم مصنوعات کی نئی قیمتوں کا اعلان کردیا گیا۔ جس کا نوٹیفکیشن بھی جاری کردیا گیا۔نوٹیفکیشن کے مطابق پیٹرول... [...]

پی ایس ایکس میں آج بھی منفی رجحان، انڈیکس 814 پوائنٹس کم ہوگیا
October 20, 2026 2:10
پی ایس ایکس میں آج بھی منفی رجحان، انڈیکس 814 پوائنٹس کم ہوگیا

فوٹو: فائلپاکستان اسٹاک ایکسچینج میں آج کاروباری ہفتے کے دوسرے روز بھی منفی رجحان رہا۔ پی ایس ایکس 100 انڈیکس 814 پوائنٹس کم ہو کر ایک... [...]

وزیر اعظم نے آٹو پالیسی 31-2026 کی منظوری دے دی، پیداوار، برآمدات اور مسابقت بڑھانے کی تجاویز شامل
October 20, 2026 1:10
وزیر اعظم نے آٹو پالیسی 31-2026 کی منظوری دے دی، پیداوار، برآمدات اور مسابقت بڑھانے کی تجاویز شامل

فوٹو: فائلوزیراعظم شہباز شریف نے آٹو پالیسی 31-2026 کی منظوری دے دی، نئی آٹو پالیسی کے تحت گاڑیوں کی برآمدات 6 ارب ڈالر تک بڑھانے کا ہدف... [...]

Treasury yields log biggest drop since the 2023 banking crisis. Here’s what’s going on.
October 23, 2026 11:01
Treasury yields log biggest drop since the 2023 banking crisis. Here’s what’s going on.

‘It’s a take-back trade,’ says PGIM’s Tipp. ‘Not an all-out fear of recession type of situation.’ [...]

France is getting its credit rating reviewed. What to expect as French debt turmoil has helped turn U.S. Treasury yields around.
October 23, 2026 10:45
France is getting its credit rating reviewed. What to expect as French debt turmoil has helped turn U.S. Treasury yields around.

Moody’s is set to update its rating on France’s debt after U.S. markets close on Friday. [...]

The U.S. stock market is fracturing into two camps, and it’s leaving investors with a brutal case of whiplash
October 23, 2026 10:29
The U.S. stock market is fracturing into two camps, and it’s leaving investors with a brutal case of whiplash

The artificial-intelligence trade is on the ropes. CNN’s “Fear & Greed” index is screaming fear, and the yield on the 10-year Treasury note just clinched its biggest daily drop since the collapse of Silicon Valley Bank. [...]

‘She’s living the dream’: My stepmother said I can buy my childhood home for $850,000. Is she taking advantage of me?
October 23, 2026 10:15
‘She’s living the dream’: My stepmother said I can buy my childhood home for $850,000. Is she taking advantage of me?

“My late father bought our house for $250,000 in the 1990s.” [...]

This market signal just occurred for only the second time since 1999. Here’s what happened and what it means.
October 23, 2026 9:35
This market signal just occurred for only the second time since 1999. Here’s what happened and what it means.

An unusual occurrence with breadth and the stock market just occurred. [...]

This hot AI-fueled stock has been in a rut. It just beat earnings expectations by 36%.
October 23, 2026 9:19
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 post-results bump. But not for Bloom Energy, the fuel-cell maker that has flourished due to data-center demand. [...]

My spouse was awarded $90,000 from my 401(k) in our divorce. How is that fair?
October 23, 2026 9:15
My spouse was awarded $90,000 from my 401(k) in our divorce. How is that fair?

“I retired in 2020 and subsequently went through a divorce a few years later.” [...]

The mobile ambitions of SpaceX see telecom stocks get hit again. What the latest developments mean.
October 23, 2026 9:01
The mobile ambitions of SpaceX see telecom stocks get hit again. What the latest developments mean.

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

NBA star Precious Achiuwa signs on for $1.8 million condo in luxury Miami tower
October 23, 2026 8:59
NBA star Precious Achiuwa signs on for $1.8 million condo in luxury Miami tower

Sacramento Kings forward Precious Achiuwa has signed for a $1.84M condo inside a lavish Miami development that has already attracted several high-profile athletes. [...]

My father-in-law, 81, sold his $75,000 home to pay his daughter’s $50,000 debt. How can I keep him from becoming destitute?
October 23, 2026 7:15
My father-in-law, 81, sold his $75,000 home to pay his daughter’s $50,000 debt. How can I keep him from becoming destitute?

“Nothing has been set aside for his needs.” [...]

Young Americans are giving up their cars. It can be a path to financial freedom.
October 22, 2026 11:25
Stock market is fracturing into two camps, leaving investors with whiplash
October 22, 2026 10:28
Treasury yields see extreme plunge. Why investors are ducking for cover.
October 22, 2026 9:39
3 big reasons Micron and other chip stocks fell hard on Thursday
October 22, 2026 9:21
Oil prices near Iran-war highs as soaring tanker rates trigger an energy squeeze
October 22, 2026 9:02
Nasdaq and S&P 500 close sharply lower as AI angst returns; Dow ends flat
October 22, 2026 8:01
Moderna’s cancer vaccine hits its targets — but embargo breach rattles the stock
October 22, 2026 7:42
Nasdaq and S&P 500 sliding in final hour as AI angst returns to the stock market
October 22, 2026 7:04
Moderna’s stock tumbles after reported leak of data for cancer vaccine
October 22, 2026 6:05
‘AI is on trial’: Bond yields sink below 5% as investors look for safety
October 22, 2026 4:40
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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Tariq Vohra Securities (Private) Limited

Address
Mezzanine floor, 91-C, Jami commercial Street 11, Phase VII, D.H.A.,Karachi
Hours
Monday–Friday: 9:00AM–5:00PM
Saturday : 11:00AM–1:00PM

Tel
92 21 35311133
".

Disclaimer:
Tariq Vohra Securities Private Limited will not be responsible for any loss or damage that could result from interception by third parties (including hacking) of any information made available to you via this site.
Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, Tariq Vohra Securities Private Limited cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose.

Contents

  • About
    • Vision & Mission
    • Management Profile
    • Details of Associated Companies
    • Management Rating
    • Auditors
    • Legal Advsor
    • Address
    • Contact Details
  • Services
    • Details of Branches
    • Online Trading
    • Details of Registered Agents
    • Mobile Trading
  • Governance
    • Board of Directors
    • Directors Profile
    • Sponsors
    • Audit Committee
    • Pattern of Shareholding
  • Investors Information
    • Financials
    • Statutory Auditors
    • NCB Auditors
    • Monthly LC
    • Monthly NCB
    • Policies & Procedures
    • Account Opening Form
    • Internet Trading Info
  • Investors Portal
    • Investors Complaint Contact
      • PSX Complaint Link
    • Pending Investors Complaint
    • Investors Grievances
    • Penal Action
    • SECP Complaint Link
    • Investors Education
    • Feed Back
    • Misc.
      • FAQ
      • Research
      • Useful Links
      • News

Useful Links

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MENU
  • About
    • Vision & Mission
    • Management Profile
    • Details of Associated Companies
    • Management Rating
    • Auditors
    • Legal Advsor
    • Address
    • Contact Details
  • Services
    • Details of Branches
    • Online Trading
    • Details of Registered Agents
    • Mobile Trading
  • Governance
    • Board of Directors
    • Directors Profile
    • Sponsors
    • Audit Committee
    • Pattern of Shareholding
  • Investors Information
    • Financials
    • Statutory Auditors
    • NCB Auditors
    • Monthly LC
    • Monthly NCB
    • Policies & Procedures
    • Account Opening Form
    • Internet Trading Info
  • Investors Portal
    • Investors Complaint Contact
      • PSX Complaint Link
    • Pending Investors Complaint
    • Investors Grievances
    • Penal Action
    • SECP Complaint Link
    • Investors Education
    • Feed Back
    • Misc.
      • FAQ
      • Research
      • Useful Links
      • News
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