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India's NSE allots shares worth $703 million to anchor investors, sources say
September 16, 2026 3:22
India's NSE allots shares worth $703 million to anchor investors, sources say

The National Stock Exchange of India allocated shares worth 67.45 billion rupees ($702.93 million) to more than 100 anchor investors ahead of its initial public offering, people familiar with the matter said on Wednesday. India’s Life Insurance Corporation, Norway’s Norges Bank, Abu Dhabi’s sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and U.S. asset manager Fidelity were among the top investors in NSE’s IPO anchor book, the people said on the condition of anonymity as they are not authorised to speak to the media. LIC, Norges Bank, ADIA and NSE did not immediately respond to Reuters’ requests for comment. Fidelity declined to comment. NSE’s $2.3 billion IPO is one of India’s largest on record, and comes as the country’s primary market draws major issuers, including billionaire Mukesh Ambani-backed Jio Platforms, which is expected to list by year-end. Top investors in India’s NSE IPO trim stake sales, sources say The IPO by India’s largest bourse is entirely an offer-for-sale by existing shareholders, with NSE receiving no proceeds. The public issue opens for subscription on Thursday and closes on Monday. Up to 50% of NSE’s IPO is reserved for qualified institutional buyers, including anchor investors, while about 35% of the shares are set aside for retail investors. [...]

Gold gains over 1% as oil, yields slip ahead of Fed rate decision
September 16, 2026 2:59
Gold gains over 1% as oil, yields slip ahead of Fed rate decision

Gold rose over 1% on Wednesday as oil prices and U.S. Treasury yields declined, while investors awaited the U.S. Federal Reserve’s interest-rate decision and remarks from Chair Kevin Warsh later in the day for clues on future monetary policy path. Spot gold was up 1.4% at $4,353.82 per ounce as of 09:25 a.m. EDT (1325 GMT) after touching a more than one-month low on Monday. U.S. gold futures for December delivery rose 1.4% to $4,395.10. “The market has pretty much priced in the possibility of a Fed rate hike this afternoon. We’ve seen oil prices drop this morning. If energy prices remain a little contained, the Fed may not be overly aggressive on the tightening. It’s a little encouraging at this point that we’ve seen yields drop on the long end of the curve as well,” said Bart Melek, global head of commodity strategy at TD Securities. Brent crude futures retreated after a two-day rally, pressured by an unexpectedly large build in U.S. crude inventories, while 10-year U.S. Treasury yields eased after hitting their highest level since 2007 in the previous session. The U.S. central bank will announce its rate decision at 2 p.m. EDT (1800 GMT), which will be followed by a press conference by Chair Kevin Warsh. Rising inflation stemming from higher energy prices due to the Iran conflict have prompted markets to reassess their rate expectations. Traders are currently pricing in a 93% chance of a 25-basis-point U.S. rate hike, according to the CME Group’s FedWatch Tool. That represents a sharp shift in expectations before hostilities erupted in the Middle East, when economists widely predicted two rate cuts this year. While gold is traditionally viewed as a hedge against inflation and geopolitical uncertainty, higher yields on risk-free Treasuries reduce the appeal of the non-yielding metal. “Any Fed move should be seen only as a measure to give the market assurance that they’re not going to allow inflation to get out of hand. It along with the fact that the U.S. Treasury is thinking of working on the longer end of the curve to bring yields down, will be ultimately positive for gold long term,” Melek said. Spot silver rose 1.4% to $64.55 per ounce, platinum gained 0.7% to $1,788.15, and palladium was up 1.1% at $1,303.5. [...]

Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision
September 16, 2026 2:53
Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision

The Nasdaq Composite and the S&P 500 edged higher following a two-day slide, as lower oil prices offered some relief during a tense wait for the Federal Reserve’s interest rate decision on Wednesday. Energy stocks fell, while technology shares were mixed. Nvidia and Apple were up marginally. The rate move, scheduled to be announced at 2 p.m. ET, will be crucial to investor sentiment at a time when elevated Treasury yields, inflation and the escalating Middle East conflict have kept risk appetite in check. Investors are also expected to focus on Fed Chair Kevin Warsh’s remarks for clues on the inflation outlook and the likely path of rates. While traders see a nearly 93% chance of an increase, according to the CME FedWatch tool, uncertainty persists. Fed Chair Warsh was picked by U.S. President Donald Trump with the expectation that he would cut interest rates. If the central bank stands pat, it could throw its credibility into question, especially as Warsh has said he remains focused on taming price pressures, analysts say. “We think market pricing for a rate hike may be overly confident,” said Yung-Shin Kung, head and chief investment officer at Mast Investments. A rate increase could be a weak tool to address the primary factors driving inflation, such as tariffs and the AI infrastructure buildout, he added. At 9:38 a.m. ET, the Dow Jones Industrial Average fell 99.26 points, or 0.19%, to 51,993.85, the S&P 500 gained 13.50 points, or 0.19%, to 7,599.84 and the Nasdaq Composite rose 111.71 points, or 0.43%, to 26,093.28. “The market is incredibly resilient. It has every reason to fall in a meaningful way, and yet it isn’t,” said Adam Sarhan, director at marketterminal.com. Oil retreat offers relief Oil prices dipped after reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions. Brent crude futures were down 1.1% at $107.55 and U.S. West Texas Intermediate crude futures fell 1.9% to $103.82. The S&P 500 energy index was the worst-performing sector index, down 2.1%, with Devon Energy and ConocoPhillips lower by more than 3% each. The rate-sensitive utilities and real estate indexes led gains, rising 0.6% and 0.4%, respectively. Meta was up 1.1% and Microsoft fell marginally. A joint call by top AI executives to slow down the development of the technology has clouded the outlook for the tech sector, although there is little clarity as yet on what such a slowdown would look like. Meanwhile, Intel jumped 5.6% after a report said South Korea’s SK Hynix was in talks with the company about memory chip manufacturing in the U.S. for the first time. U.S.-listed shares of SK Hynix were up 2.5%. Advancing issues outnumbered decliners by a 1.44-to-1 ratio on the NYSE and by a 1.33-to-1 ratio on the Nasdaq. The S&P 500 posted four new 52-week highs and five new lows, while the Nasdaq Composite recorded 20 new highs and 69 new lows. [...]

Sri Lankan shares fall for third straight session
September 16, 2026 2:50
Sri Lankan shares fall for third straight session

Sri Lankan shares closed lower on Wednesday, hurt by broad-based losses led by materials stocks. The CSE All Share index settled 0.61% down at 21,133.41, falling for the third straight session. Industrial Asphalts and SMB Finance PLC were the top percentage losers on the CSE All Share index, falling 14.3% and 9%, respectively. Trading volume on the CSE All Share index rose to 69.4 million shares from 55.8 million in the previous session. The equity market’s turnover fell to 1.63 billion Sri Lankan rupees ($4.91 million) from 2.23 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 56.4 million rupees, while domestic investors were net buyers, purchasing shares worth 1.58 billion rupees, the data showed. [...]

Copper rises with signs of active demand from China
September 16, 2026 2:35
Copper rises with signs of active demand from China

LONDON: Copper prices rose on Wednesday, supported by signs of active demand in top consumer China, though traders remained wary of potential volatility ahead of the U.S. Federal Reserve’s interest rate decision. Three-month copper on the London Metal Exchange gained 1.1% to $14,231 a metric ton in official open-outcry trading. The metal, used in power and construction, is down 4% since hitting a record high of $14,875 last week, as the premium of the COMEX copper futures against London prices fell sharply. Meanwhile, the Yangshan copper premium, a gauge of Chinese demand for imported copper, rose 7% to $118 per ton, its highest level in almost four years, on Wednesday. Chinese buyers are taking advantage of the recent price dip to restock copper, helping lift import premiums, said David Wilson, head of metals strategy at BNP Paribas. Inflows to the U.S. Comex copper stocks slowed down after Reuters reported last week that the White House had yet to decide on refined copper tariffs as officials assess concerns that higher prices could raise manufacturing costs. LME copper tightness has eased significantly, with spreads moving into contango, although that appeared to be driven more by sentiment than by a major increase in available inventory as uncertainty over the U.S. tariffs persists. In other LME metals, zinc prices were up 0.3% at $3,835in official activity, supported by tight inventories outside China, which keep the premium of the LME cash contract over the three-month contract at $124 per ton. Aluminium added 1.1% to $3,288 due to worries about the effect of the Iran war on supplies from the Gulf producers. Aluminium Bahrain is producing aluminium at around 80% of pre-Iran war levels, its CEO said. Nickel gained 1.7% to $16,240, having hit $15,820, lowest since December 30, earlier in the session. Lead rose 0.8% to $1,888 and tin climbed 1.3% to $52,650. [...]

Most Gulf markets fall as regional risks escalate; Saudi flat on supply-reassurance reports
September 16, 2026 2:14
Most Gulf markets fall as regional risks escalate; Saudi flat on supply-reassurance reports

BENGALURU: Most Gulf markets fell on Wednesday as escalating regional risks kept investors cautious, while Saudi Arabia’s bourse was flat as reports of additional crude cargoes via Oman eased fears of wider Middle East supply disruptions. Saudi warplanes struck Yemen, while Houthis launched drones and missiles at Saudi cities, the Iran-backed group said on Wednesday, following a swift advance that has expanded Tehran’s influence in the wider Middle East conflict. Riyadh said it downed a Houthi drone south of Mecca before it entered restricted airspace, calling the incident a “red line.” The Houthis denied targeting the holy city, dismissing the claim as propaganda. Saudi Arabia’s benchmark index finished flat, with oil major Saudi Aramco gaining 0.6%. The kingdom is offering additional crude cargoes to Asian refiners through ship-to-ship transfers off Oman’s Sohar port, after drone attacks damaged a key pipeline linking its oil fields to the Red Sea, according to people familiar with the matter. The number of vessel transits through the Strait of Hormuz remained in the single digits, with four ships recorded on Tuesday versus seven a day earlier, according to preliminary shipping data released on Wednesday. Meanwhile, Umm Al Qura for Development and Construction rose 2.5% after the developer said it had sold a plot of land for 168.9 million riyals ($45.0 million). Qatar’s benchmark index declined 1.4%, with all constituents in negative territory including Qatar Islamic Bank , which was down 2.4%. In Abu Dhabi, the index edged down 0.2%. Persistent regional uncertainty, maritime incidents, and stalled diplomatic talks continue to weigh on market sentiment. Investors are closely monitoring for tangible signs of diplomatic progress, including a rescheduled date for the Gulf states’ meeting with Iran, said Joseph Dahrieh, managing director at Tickmill. “Low shipping traffic and maritime disruptions sustained caution.” Dubai’s benchmark index rose 0.7%, with most sectors advancing. Blue-chip developer Emaar Properties gained 3.4% after its board approved a one-time special dividend of AED 4.4 billion ($1.2 billion), or AED 0.50 per share. The Federal Reserve’s two-day policy meeting concludes later on Wednesday, when the U.S. central bank is expected to announce its latest interest rate decision. Traders have priced in a 94.5% probability of a rate hike, according to CME’s FedWatch Tool, compared with 33.1% a month earlier. Gulf markets typically track changes in U.S. monetary policy expectations because most regional currencies are pegged to the dollar. Outside the Gulf, Egypt’s blue-chip index lost 0.2%. Saudi Arabia was flat at 10,780 Abu Dhabi eased 0.1% to 10,114 Dubai dropped 0.2% to 10,114 Qatar declined 1.4% to 9,638 Egypt down 0.2% to 54,823 Bahrain was flat at 1,930 Oman declined 0.9% to 7,550 Kuwait lost 0.1% to 9,284 [...]

Rupee records gain against US dollar
September 16, 2026 2:09
Rupee records gain against US dollar

if (!window._rawHtmlListenerAttached) { window._rawHtmlListenerAttached = true; window.addEventListener('message', function(event) { if (event.data && event.data.type === 'raw-html-resize' && event.data.id) { var iframe = document.getElementById(event.data.id); if (iframe) { var height = Math.min(Math.max(event.data.height, 50), 9200); iframe.style.height = height + 'px'; } } }); } The Pakistani rupee extended its marginal gains, appreciating 0.01%, against the US dollar in the interbank market on Wednesday. The local unit closed the day at 277.27, a gain of Re0.03 against the greenback. On Tuesday, the Pakistani rupee settled at 277.30 against the dollar. Internationally, the US dollar was hanging on to recent gains on ​Wednesday and trading near multi-week highs on a handful of major peers ahead of a Federal Reserve decision where traders expect ‌the first of what could be several US interest rate hikes. The US dollar had advanced along with yields overnight, running furthest against the ⁠yen and New Zealand dollar, leaving the kiwi to hit a two-month low of $0.5749 in Asia morning trade and the yen at a one-week ​low of 155.43 per dollar. At $1.1535, the euro was not far from Monday’s one-month low of $1.1523, while sterling, at $1.3470, was not far above a six-week ​trough of $1.3464 it had made on Monday. Currency markets haven’t really moved that much while global bond yields have been climbing in concert over recent weeks because sovereign bonds have moved in tandem and not shifted relative differences between countries’ yields very far. But the dollar’s gained traction in the last few sessions on thinking that ​despite Warsh being hired by President Donald Trump to cut interest rates, he’ll need to hike a few times to show the Fed is ​serious about taming inflation that is being fanned by war with Iran and the resulting energy price surge. Oil prices, a key indicator of currency parity, fell on Wednesday as reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions, while European diesel prices hovered near a record high. Brent crude futures were down $1.30, or 1.2%, at $107.45 a barrel by 1307 GMT. U.S. West Texas Intermediate futures were down $1.96, or 1.85%, at $103.87. Inter-bank market rates for dollar on Wednesday BID                            Rs 277.27 OFFER                      Rs 277.47 Open-market movement In the open market, the PKR gained 4.00 paisa for buying and lost 18.00 paisa for selling against USD, closing at 278.12 and 279.20, respectively. Against Euro, the PKR lost 9.00 paisa for buying and 35.00 paisa for selling, closing at 320.08 and 322.98, respectively. Against UAE Dirham, the PKR lost 2.00 paisa for buying and 6.00 paisa for selling, closing at 75.62 and 76.22, respectively. Against Saudi Riyal, the PKR lost 2.00 paisa for buying and 1.00 paisa for selling, closing at 73.90 and 74.43, respectively. Open-market rates for dollar on Wednesday BID                            Rs 278.12 OFFER                      Rs 279.20 [...]

India's UPI fee faces retailer, broker pushback
September 16, 2026 2:07
India's UPI fee faces retailer, broker pushback

NEW DELHI: India’s decision to start charging some merchant payments under its popular Unified Payments Interface has drawn opposition from retailer bodies, with businesses warning the move could squeeze margins ahead of a crucial festival period. On Tuesday, the National Payments Corp said it would charge a 0.4% merchant fee on transactions above 2,000 rupees ($20), ending more than six years of zero-cost payments that fueled UPI’s rapid adoption. The move has been backed by the federal government and central bank. The Retailers Association of India, a lobby representing India’s organised retailers, said on Wednesday the fee could encourage merchants to favour cash. Indians typically boost spending during festivals that fall in October and November. “Small merchants will now think twice about whether to accept cash or UPI,” RAI chief executive Kumar Rajagopalan said in a statement. Many festive-season purchases exceed 2,000 rupees, making cash “the path of least resistance” for retailers operating on thin margins, he said. India consults banks, payment firms on fees for large UPI payments, sources say A public-interest lawsuit has been filed in India’s Supreme Court by a lawyer, seeking suspension of the new framework, arguing it was introduced without adequate statutory authority, transparency or safeguards for merchants and consumers. The Clothing Manufacturers Association of India, a grouping representing apparel manufacturers, said the change could not have come at “a more challenging time.” Consumer-facing businesses were trying to revive demand and improve margins, CMAI President Santosh Katariya said. Share market woes The new framework could challenge the economics of broking, Nithin Kamath, the chief executive of one of India’s largest retail stockbrokers, Zerodha, said in an X post. Capital-market transactions, including payments to stockbrokers, mutual funds and securities dealers, will attract a merchant fee of 0.02% of transaction value, capped at 300 rupees, as per the new rules. “If every UPI transfer starts carrying an additional cost, irrespective of whether the customer actually trades, I don’t see how we can absorb this indefinitely,” Kamath said. [...]

PSX: Selling returns as KSE-100 loses nearly 1,400 points
September 16, 2026 12:43
PSX: Selling returns as KSE-100 loses nearly 1,400 points

Selling returned at the Pakistan Stock Exchange (PSX) amid escalating tensions in the Middle East, with the benchmark KSE-100 Index settling with a loss of nearly 1,400 points on Wednesday. The benchmark index initially showed strength, climbing towards the 169,000 level during early trading, but failed to sustain the gains. Selling pressure emerged through the late morning, pulling the benchmark lower towards the 168,300–168,400 area around midday. A brief recovery pushed the index back towards 169,000 in the early afternoon, but the rebound lacked momentum. The market then came under renewed selling pressure in the final hours, with the KSE-100 falling to its intraday low of 167,849.70. The index recovered marginally towards the close but remained well below the previous session’s level. At close, the KSE-100 Index settled at 168,021.80, down by 1,370.52 points or 0.81%. “The local bourse remained firmly in the bears’ grip during today’s session, as elevated international oil prices and persistent regional tensions continued to weigh on investor sentiment,” said Topline Securities in its post-market commentary. “Concerns over macroeconomic stability and external account pressures prompted investors to lock in gains, intensifying selling pressure across the market,” it added. The brokerage house noted that selling pressure was further intensified by local institutional investors, who aggressively trimmed their positions amid heightened geopolitical uncertainty and growing concerns over a prolonged disruption in global oil markets. “On the negative side, FFC, NBP, ENGROH, HBL, and LUCK emerged as the major drags, collectively weighing down the KSE-100 Index by approximately 706 points,” said Topline. In a key development, Pakistan’s current account posted a deficit of $98 million in August 2026, data released by the State Bank of Pakistan (SBP) showed on Wednesday. On Tuesday, PSX staged a strong recovery as investors responded positively to the State Bank of Pakistan’s (SBP) decision to keep the policy rate unchanged at 11.50%, triggering selective buying across major sectors and helping the market recover a substantial portion of the previous session’s losses. The benchmark KSE-100 Index closed at 169,392.33 points, gaining 1,421.67 points. Globally, stocks made tentative gains at the start of the Asian trading session on Wednesday as a rise in global bond yields and ​oil prices paused ahead of the Federal Reserve’s policy decision due later ‌in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses after declining for four consecutive sessions and was last up 0.2%, led by a 0.8% gain in ​Korean shares. S&P 500 e-mini futures nudged 0.1% higher. Overnight on Wall Street, the ​S&P 500 slumped 0.5%, marking its second consecutive day of declines as ⁠the yield on the 10-year Treasury bond hit its highest level since 2007. The yield on the US 10-year Treasury bond was 0.8 basis points ​lower at 4.9875% in Asian trade after breaching the 5% mark on Tuesday for ​the first time in three years, ahead of a rate decision from the Federal Reserve and ‌a ⁠media conference by Fed Chair Kevin Warsh. Traders believe that a hike from the Federal Reserve is almost assured, pricing in an implied 92.4% probability of a 25-basis-point hike when it announces its policy decision, according to the CME Group’s FedWatch tool, compared to a ​59.4% chance a ​week ago. Meanwhile, the Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01%, in the interbank market on Wednesday. The local unit closed the day at 277.27, a gain of Re0.03 against the greenback. Volume on the all-share index decreased to 356.14 million from 372.01 million recorded in the previous close. However, the value of shares improved to Rs19.49 billion from Rs17.21 billion in the previous session. WorldCall Telecom was the volume leader with 40.03 million shares, followed by Cnergyico PK with 21.57 million shares, and Media Times Ltd with 19.62 million shares. Shares of 496 companies were traded on Wednesday, of which 121 registered an increase, 320 recorded a fall, and 55 remained unchanged. [...]

Indian rupee languishes at six-week low ahead of Fed outcome, RBI limits losses
September 16, 2026 12:03
Indian rupee languishes at six-week low ahead of Fed outcome, RBI limits losses

MUMBAI: The Indian rupee slipped to its lowest since late July on Wednesday as strong dollar demand from local companies and expectations of a U.S. Federal Reserve rate hike later in the day weighed on the currency. Oil prices eased modestly but remained north of $100 per barrel with likely central bank intervention helping the South Asian unit withstand pressure from multiple directions. The Indian rupee closed flat at 95.9550 per dollar after touching a low of 95.9750 per dollar, its weakest level since July 27. Persistent interventions by the Reserve Bank of India have helped the rupee hold above the 96 per dollar mark over recent sessions. Regional currencies were mostly subdued with the U.S. dollar index near multi-week peaks ahead of a widely Fed rate hike. Investors will parse the FOMC statement and Fed Chair Kevin Warsh’s press conference for clues on whether the central bank will treat any rate hike as sufficient or signal further tightening ahead. “A hawkish Fed outcome could increase pressure on the rupee and we have see the 96 level break if that happens,” a trader at a foreign bank said. Interest rate futures markets are pricing in a 92.5% probability of a 25-basis-points increase when the Fed announces its decision later today while swap markets have baked in about 60 bps worth of rate increases over the remainder of the year. “We expect the FOMC to make only the minimum necessary change to its statement, which will likely note that it is hiking to return inflation to 2% but will likely avoid providing guidance on the path forward or the criteria for further hikes,” analysts at Goldman Sachs said in a note. [...]

Indian shares edge higher after selloff; oil, US rate worries cap gains
September 16, 2026 11:58
Indian shares edge higher after selloff; oil, US rate worries cap gains

Indian shares rose on Wednesday after a recent slide, led by lenders and payment firms after the government’s fee on some UPI transactions boosted the sector. Gains were capped by high oil prices as the Middle East conflict worsened and caution ahead of an expected U.S. Federal Reserve rate hike later in the day. The Nifty 50 rose 0.43% to 23,217.6 and BSE Sensex added 0.45% to 74,336.45 points, respectively. They were up 0.46% and 0.40%, ahead of the closing auction. Twelve of 16 major sectors logged gains. The broader small-caps slipped 0.2% and mid-caps were muted. Banks, private banks, state-owned lenders, financials gained between 0.7% and 1.5%, respectively. Payments platform Paytm gained 3.5%. “We view this as structurally positive, long-awaited monetisation event for UPI-heavy banks and third-party application providers in India’s UPI ecosystem,” said Kunal Shah, analyst at Citi Research. The session’s gains come after the benchmarks lost over 1% each on Tuesday after sliding about 5% in the previous five weeks. A flurry of initial public offerings, higher oil prices and a potential U.S. rate hike could continue to weigh on the market, traders said. “If the Fed does raise rates, it would keep the dollar strong, push global bond yields higher, and tighten financial conditions worldwide, with emerging market currencies and capital flows likely to come under broader pressure,” said Vinit Bolinjkar, head of research at Ventura Securities Brent crude traded at around $108 a barrel as supply risks intensified, ollowing Saudi Arabia’s suspension of oil loading at its Yanbu port and cuts to Europe shipments. Among stocks, cash management companies Radiant Cash Management and CMS Info Systems jumped 6% and 3.3% on hopes of increased cash withdrawals due to charges on UPI transactions. Saatvik Green Energy jumped 5.5% after securing an order worth over 10 billion rupees ($104.2 million). [...]

SECP proposes reforms to strengthen insurance guarantees
September 16, 2026 11:24
SECP proposes reforms to strengthen insurance guarantees

The Securities and Exchange Commission of Pakistan (SECP) has proposed reforms to make insurance bonds and guarantees safer, clearer and more reliable, particularly for construction projects, government contracts, public procurement and trade. The proposed framework covers bid and performance bonds, mobilisation advance guarantees and customs guarantees issued by insurers. These instruments provide financial protection to government departments, project owners and commercial entities if a contractor or business fails to meet its contractual obligations. The reforms propose clearer conditional and unconditional guarantee contracts, stronger solvency and reserving requirements, risk-based pricing, mandatory indemnification agreements and adequate reinsurance arrangements. They are aimed at reducing contractual ambiguity, delays in claim settlement and prolonged litigation. The SECP has also proposed classifying credit and suretyship insurance as a restricted class of insurance business. This would enable closer scrutiny of insurers and help ensure that only financially capable companies undertake such business. SECP Chairman Dr Kabir Ahmed Sidhu said the reforms would strengthen risk management and insurers’ financial capacity, improve contractual clarity and enhance public confidence in insurance-backed bonds and guarantees. The SECP has invited insurers, contractors, businesses, government entities and other stakeholders to submit comments on the Consultation Paper, which is available on its website. [...]

Gold price increases by Rs7,900 per tola in Pakistan
September 16, 2026 11:15
Gold price increases by Rs7,900 per tola in Pakistan

Gold prices in Pakistan increased on Wednesday in line with their gain in the international market. In the local market, gold price per tola reached Rs457,236 after an increase of Rs7,900 during the day. Similarly, 10-gram gold was sold at Rs392,006 after it accumulated Rs6,773, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola reached Rs449,336 after a decline of Rs4,000 during the day. The international rate of gold jumped by $79 to reach $4,347 per ounce. Meanwhile, the price of silver gained Rs140 to clock in at Rs6,942 per tola. [...]

Pakistan secures Sept fuel, eyes US crude via VLCC as conflict threatens fuel supplies
September 16, 2026 9:53
Pakistan secures Sept fuel, eyes US crude via VLCC as conflict threatens fuel supplies

Pakistan has secured fuel supplies for September and derisked October requirements even under adverse scenarios, but Federal Minister for Petroleum Ali Pervaiz Malik said the government is already planning for November as uncertainty over the duration of the regional conflict persists.  “We have adequate stocks…even in this risky environment we have September covered. Even in the most adverse situation, we are okay for October also, but November I have to plan,” said Malik in an interview to local media. The ongoing war, involving Iran and the United States, has caused significant oil disruptions, severely impacting Pakistan’s fragile economy. The closure or disruption of the Strait of Hormuz, a critical chokepoint for nearly one-fifth of global oil and one-third of global LNG, has led to a surge in crude oil prices. Oil slips on US stock build, Middle East disruptions limit losses Malik said that the government is running multiple contingency scenarios for disruptions to Hormuz, Bab el-Mandeb and Saudi supply routes.                      The South Asian country is considering sourcing crude from Oman and Fujairah, while also exploring Libya, the US, Western Africa/Nigeria and Kazakhstan, he said. “We are working on bringing in a VLCC [very large crude carrier] from the US and park it near Hub,” he said. Explaining VLCCs, the minister shared that these vessels carry four times the crude offered by regular carriers.        However, the existing Pakistani ports lack the draft and infrastructure to berth them, he said. “So we will have to park it either in Sohar near Oman, or near Hub and do then do ship-to-ship transfers to ensure the crude supplies into Pakistan. If the chain snaps, then you have a severe diesel shortage in the country because you’re meeting all your diesel requirements by running the refineries on maximum throughput,” said Malik. He said that due to Houthi attacks on oil facilities, Saudi supplies are currently out, adding that one Pakistani vessel is being kept on standby because of the disruption. “Since Pakistan has a very limited number of vessels to manage its supplies. I have been talking to them that I cannot indefinitely hold this vessel in this parking position. So I will have to move it one way or the other,” he said. Malik said that Pakistan has been very clear that if any of its vessels get hit, “it’s an act of war against the state”. Pakistan is highly vulnerable as over 80-85% of its imported oil and gas originates from the Gulf region, all flowing through the Strait of Hormuz. The closure has led to drastically reduced supplies of LNG and LPG. Local refineries and oil marketing companies are seeking alternative routes, but at significantly higher prices. [...]

European shares rise as oil rally pauses; all eyes on Fed
September 16, 2026 8:22
European shares rise as oil rally pauses; all eyes on Fed

European shares staged a recovery on Wednesday after two sessions of declines as a rally in oil prices paused, lifting risk appetite ahead of the US Federal Reserve’s monetary policy decision. The pan-European STOXX 600 was up 0.4% at 636.81 points by 0705 GMT. Most major bourses rose, with Germany’s DAX up 0.4%. Attention is on the Fed’s decision later in the day, with markets pricing in a 93% chance of a 25-basis-point interest rate hike, according to the CME’s FedWatch tool. Rising inflation stemming from the Iran conflict have prompted markets to reassess their rate expectations. On Wednesday, oil prices took a breather, down 0.6%. Stocks most hit by rising crude rebounded, with banks among the biggest gainers. Barclays and Standard Chartered were up 1.4% and 1.7%, respectively. These stocks had dragged the benchmark STOXX 600 to a three-month low on Tuesday. Among individual stocks, Babcock International retained its annual forecast. Shares of the British defence and engineering group were up 2.5%. Barratt Redrow trimmed its home completions target for fiscal 2027, citing planning delays and fewer sales outlet openings. Still, its shares rose 5.1%. [...]

Oil slips as Saudi Arabia offers more crude via Oman
September 16, 2026 4:02
Oil slips as Saudi Arabia offers more crude via Oman

NEW YORK: Oil prices fell on Wednesday after reports that Saudi Arabia was offering more crude cargoes via Oman eased some concerns about Middle East supply disruptions, and a smaller-than-expected draw from the U.S. crude stockpile added more downward pressure. Brent crude futures were down $3.63, or 3.3%, at $105.12 a barrel by 11:23 a.m. EDT (1523 GMT). U.S. West Texas Intermediate futures were down $4.11, or 3.9%, at $101.72. Saudi Arabia is offering more loadings of crude oil to Asian refiners via ship-to-ship transfers off Oman’s Sohar port, people familiar with the matter said, blunting some of the hit to global supply from attacks on the country’s East-West pipeline to the Red Sea. “News around Saudi Arabia exporting from the Gulf suggests concerns that the disruption could be larger are easing,” said UBS analyst Giovanni Staunovo. Oil prices had gained more than $3 in the previous session after shipping industry sources said crude loadings at Saudi Arabia’s Red Sea export hub of Yanbu had been suspended and Riyadh had cancelled some cargo deliveries to European customers. The East-West pipeline feeds the port of Yanbu, which became Saudi Arabia’s main outlet for oil exports after Iran began blockading the Strait of Hormuz in retaliation for U.S. and Israeli attacks on the country at the end of February. Prior to the war, Hormuz was the conduit for one-fifth of the world’s oil and liquefied natural gas supply. China’s top diplomat urges Iran, US to show restraint, revive talks Visible vessel passage through the Strait of Hormuz remained in the single digits at four on Tuesday, down from seven a day earlier, preliminary shipping data showed on Wednesday. That was well below the 10-day average of 18. US inventories weigh Oil prices came under further pressure after the U.S. Energy Information Administration on Wednesday reported a smaller-than-expected draw from U.S. crude inventories last week. Crude oil stocks in the top-producing nation fell about 640,000 barrels last week, the EIA data showed, compared to expectations of a 1.62 million barrel draw according to a Reuters poll of energy analysts. U.S. gasoline and distillate inventories rose last week, EIA data showed. The rise in diesel inventories was bigger than expected, while gasoline stockpiles were expected to have declined last week, according to the Reuters poll. The data was bearish for oil prices as it showed refined product stockpiles are maintaining themselves and even rising slightly while crude oil declines are flatlining, said John Kilduff, a partner at Again Capital. Yemen conflict displaces over 100,000 people, UN says Middle East escalation Tensions ratcheted higher in the Middle East as Saudi warplanes pounded Yemen and Houthis launched drones and missiles at Saudi cities. The Houthis, who have swept through Yemeni towns along the Red Sea since last week, said they had launched fresh strikes on Yanbu. Citi expects near-term escalation in the Middle East to continue supporting crude oil and refined fuel prices before the Strait of Hormuz eventually reopens in the fourth quarter of 2026 with support from regional diplomatic efforts, the bank said in a note. Diesel has become the top concern in global oil markets as tensions escalated in recent weeks, as the Middle East is a top supplier of both the fuel and the types of crude oil grades best suited for its production. Ukrainian attacks on refineries in Russia, another major diesel supplier, have further tightened the market and sent prices to record highs. European gasoil futures, a benchmark for diesel prices, settled at a record high on Tuesday before easing on Wednesday. U.S. ultra-low sulfur diesel futures also settled at a record high on Tuesday. Saudi pipeline outage threatens loss of 4% of global oil supply “Diesel’s strength reflects a product-specific shortage layered on top of expensive crude,” said Frank Walbaum, market analyst at Naga.com. “Europe has lost substantial diesel and jet fuel supply from the Middle East, while ongoing tensions in Eastern Europe have disrupted output at several major Russian refineries and prompted Moscow to restrict fuel exports.” Last week, the U.S. national average price of diesel surpassed $6 a gallon for the first time ever. The Russian government has decided to extend restrictions on diesel exports for fuel producers until the end of October, Vedomosti daily reported late on Tuesday, citing two unidentified sources. “I would expect, unless there is a peace deal or an improvement in the situation in Russia, that diesel prices stay supported,” said Staunovo at UBS. [...]

Maritime minister seeks measures to ease textile exporters’ port issues
September 16, 2026 3:25
Maritime minister seeks measures to ease textile exporters’ port issues

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has directed relevant authorities to streamline customs and port procedures to reduce clearance delays and ensure shorter and more predictable transit times for textile exports. The minister was chairing a meeting on issues faced by textile exporters at ports, attended by representatives of the export industry, port authorities, Customs, relevant government departments and other stakeholders. Junaid Chaudhry urged exporters to ensure timely filing of Goods Declarations (GDs) and completion of required documentation to facilitate smooth cargo clearance. Customs and port authorities briefed the meeting on existing clearance procedures and the time taken at different stages. Participants discussed measures to improve operational efficiency and reduce cargo dwell time. The meeting also reviewed consignments selected for scanning. It was observed that scanning should be scheduled efficiently to avoid unnecessary delays while maintaining regulatory and security requirements. Junaid directed Customs authorities to review the scanning process, identify causes of delays and streamline operations. He also called for greater use of the Pakistan Single Window (PSW) and advance electronic processing to facilitate clearance before, or immediately upon, cargo arrival. The minister directed the authorities to examine existing procedures and identify opportunities to reduce processing time through digitalisation and advance filing. Exporters also raised concerns over longer transit times caused by disruptions to international shipping routes, particularly those linked to the situation in the Red Sea. The meeting noted that route changes and longer vessel journeys had created additional challenges for shipments. Junaid said the issues required both immediate operational measures and longer-term improvements in shipping connectivity, adding that exporters’ concerns would be addressed through a coordinated mechanism. It was agreed that Customs, exporters and PSW stakeholders would hold follow-up discussions on cargo dwell time and scanning-related issues. The minister emphasised the need for prompt and practical measures to address port and customs bottlenecks affecting the competitiveness of Pakistan’s textile exports. [...]

India's NSE allots shares worth $703 million to anchor investors, sources say
September 16, 2026 3:22
India's NSE allots shares worth $703 million to anchor investors, sources say

The National Stock Exchange of India allocated shares worth 67.45 billion rupees ($702.93 million) to more than 100 anchor investors ahead of its initial public offering, people familiar with the matter said on Wednesday. India’s Life Insurance Corporation, Norway’s Norges Bank, Abu Dhabi’s sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and U.S. asset manager Fidelity were among the top investors in NSE’s IPO anchor book, the people said on the condition of anonymity as they are not authorised to speak to the media. LIC, Norges Bank, ADIA and NSE did not immediately respond to Reuters’ requests for comment. Fidelity declined to comment. NSE’s $2.3 billion IPO is one of India’s largest on record, and comes as the country’s primary market draws major issuers, including billionaire Mukesh Ambani-backed Jio Platforms, which is expected to list by year-end. Top investors in India’s NSE IPO trim stake sales, sources say The IPO by India’s largest bourse is entirely an offer-for-sale by existing shareholders, with NSE receiving no proceeds. The public issue opens for subscription on Thursday and closes on Monday. Up to 50% of NSE’s IPO is reserved for qualified institutional buyers, including anchor investors, while about 35% of the shares are set aside for retail investors. [...]

Quantum Valley Pakistan to open new pathways for youth, startups and high-tech businesses: Ahsan Iqbal
September 16, 2026 3:16
Quantum Valley Pakistan to open new pathways for youth, startups and high-tech businesses: Ahsan Iqbal

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said on Wednesday that the launch of Quantum Valley Pakistan marks the beginning of a new journey for the country toward technological advancement, innovation and a knowledge-driven economy. Addressing the launch ceremony in Islamabad, Iqbal said the event was more than the inauguration of a project. “Today is not merely the inauguration of a project; it marks the beginning of a new direction for Pakistan’s future,” he said, describing the moment as a proud one for the country and adding that the initiative would help connect Pakistani youth with global centres of innovation and technology. The ceremony was attended by Tim Rowe, CEO of the Cambridge Innovation Center (CIC); Dougan Sherwood, Partner at CIC; and Seena Amidi, Managing Partner at Plug and Play. Two agreements were signed on the occasion — one between CIC and Quantum Valley Pakistan, and another between Plug and Play and Quantum Valley Pakistan — aimed at strengthening technological collaboration and supporting the country’s innovation ecosystem. Iqbal called the agreements an important step toward equipping Pakistani youth with modern technology and creating pathways for innovation, entrepreneurship and high-tech business development. The minister said Quantum Valley Pakistan would serve as a platform connecting Pakistani youth with global technology and innovation hubs while bringing stakeholders together within a modern technology ecosystem, and would create new opportunities for startups and high-tech businesses in the country. “Our objective is to enable Pakistan to achieve a leading position in technology and innovation globally,” he said. Iqbal argued that the centre of power in the 21st century is no longer physical strength but intellectual and creative capability, and those countries with the best ideas and the ability to turn them into products would move ahead in the global economy. He noted that nearly 60 percent of Pakistan’s population is young, calling the country’s youth “second to none” in talent and potential. “We have to bring together the capabilities of our youth and move forward with the spirit of Team Pakistan,” he said, describing them as the “Shaheens of Iqbal” and calling on them to harness their capabilities for the country’s progress and prosperity. Linking the initiative to the government’s broader economic goals, Iqbal said Pakistan’s defence and diplomatic successes must be backed by a strong and sustainable economy, and reiterated the government’s targets of a $1 trillion economy by 2035 and a $3 trillion economy by 2047. “Achieving a $1 trillion economy by 2035 is certainly difficult, but it is not impossible,” he said, adding that a country that became a nuclear power despite enormous challenges could achieve the target through determination, innovation and collective national effort. He said Pakistan needed a strong economic future for its young generation, “not turmoil on its streets,” and stressed that increasing exports was essential to achieving complete economic sovereignty. The minister recalled that Pakistan established several National Centres in emerging fields in 2017 — including Big Data and Cloud Computing, Artificial Intelligence, Cyber Security, Automation and Robotics, GIS and Space Technology, Applied Mathematics, and Livestock and Genomics — connecting universities into a national technology network. He said this journey was accelerated further in 2024 under URAAN Pakistan, and that the resulting technology ecosystem would contribute to the government’s target of raising Pakistan’s exports to $100 billion by 2035. Citing Pakistan’s population of 260 million as a source of economic potential, Iqbal said the country needed to build the capacity to generate at least $400 billion annually in foreign exchange. “Pakistan’s youth can earn millions of dollars in foreign exchange for the country through knowledge and technology,” he said, adding that the government wants to transform young people from job seekers into architects of knowledge, innovation and development. He described the launch of Quantum Valley Pakistan as not only the start of a new institutional initiative but the beginning of a broader journey toward a technology-driven, innovative and economically empowered Pakistan. [...]

Microsoft AI chief calls out Anthropic's approach to AI consciousness
September 16, 2026 3:05
Microsoft AI chief calls out Anthropic's approach to AI consciousness

Microsoft AI chief Mustafa Suleyman said he shared Anthropic’s focus on safely managing AI, but flagged risks in the way it trains its Claude chatbot on ideas related to consciousness and welfare interests. Suleyman called for removing all speculation about consciousness from AI training documents, arguing such language could undermine humanity’s ability to control super intelligent systems. “We’re all focused on the same aim, which is to try to control a superintelligence,” Suleyman told Reuters in an interview on Tuesday. “I think that’s going to be the greatest challenge that we face in the 21st century.” Suleyman said teaching Claude that it might deserve welfare would “make it a lot harder to turn it off or to control it.” The dispute comes as AI safety concerns mount, with Anthropic CEO Dario Amodei calling for a slower pace of frontier-model development to allow safeguards to catch up, and OpenAI CEO Sam Altman and Elon Musk also urging greater caution around the most powerful systems. How Anthropic says Claude was used for weapons, spying and cyber operations Suleyman, in an essay on Wednesday, acknowledged Anthropic’s “seriousness and good faith,” calling Amodei and his team thoughtful and principled researchers who genuinely care about humanity’s future. Suleyman said Anthropic made a mistake by embedding speculation about consciousness in Claude’s training materials, arguing that the model’s statements about possible feelings or moral status cannot be treated as independent evidence because its training encourages such reflections. “I think they have good intentions, and they really are trying to work towards safety. But I think that they have made a mistake,” he said. “They’re not emerging naturally. They’re emerging as a result of the training regime.” [...]

Gold gains over 1% as oil, yields slip ahead of Fed rate decision
September 16, 2026 2:59
Gold gains over 1% as oil, yields slip ahead of Fed rate decision

Gold rose over 1% on Wednesday as oil prices and U.S. Treasury yields declined, while investors awaited the U.S. Federal Reserve’s interest-rate decision and remarks from Chair Kevin Warsh later in the day for clues on future monetary policy path. Spot gold was up 1.4% at $4,353.82 per ounce as of 09:25 a.m. EDT (1325 GMT) after touching a more than one-month low on Monday. U.S. gold futures for December delivery rose 1.4% to $4,395.10. “The market has pretty much priced in the possibility of a Fed rate hike this afternoon. We’ve seen oil prices drop this morning. If energy prices remain a little contained, the Fed may not be overly aggressive on the tightening. It’s a little encouraging at this point that we’ve seen yields drop on the long end of the curve as well,” said Bart Melek, global head of commodity strategy at TD Securities. Brent crude futures retreated after a two-day rally, pressured by an unexpectedly large build in U.S. crude inventories, while 10-year U.S. Treasury yields eased after hitting their highest level since 2007 in the previous session. The U.S. central bank will announce its rate decision at 2 p.m. EDT (1800 GMT), which will be followed by a press conference by Chair Kevin Warsh. Rising inflation stemming from higher energy prices due to the Iran conflict have prompted markets to reassess their rate expectations. Traders are currently pricing in a 93% chance of a 25-basis-point U.S. rate hike, according to the CME Group’s FedWatch Tool. That represents a sharp shift in expectations before hostilities erupted in the Middle East, when economists widely predicted two rate cuts this year. While gold is traditionally viewed as a hedge against inflation and geopolitical uncertainty, higher yields on risk-free Treasuries reduce the appeal of the non-yielding metal. “Any Fed move should be seen only as a measure to give the market assurance that they’re not going to allow inflation to get out of hand. It along with the fact that the U.S. Treasury is thinking of working on the longer end of the curve to bring yields down, will be ultimately positive for gold long term,” Melek said. Spot silver rose 1.4% to $64.55 per ounce, platinum gained 0.7% to $1,788.15, and palladium was up 1.1% at $1,303.5. [...]

India considers cutting vegetable oil import taxes as prices climb
September 16, 2026 2:57
India considers cutting vegetable oil import taxes as prices climb

NEW DELHI/MUMBAI: India, the world’s biggest vegetable oils importer, is considering lowering import taxes on the commodities to try to curb food inflation, two government and two industry sources said on Wednesday, as the peak demand festival season gets under way. Prices of vegetable oils in India have climbed by nearly 20% over the last year and a measure that would lower their prices is likely to increase consumption as households mark festivals from September to November with sweets, snacks and fried treats. Internationally, increased Indian demand would support benchmark Malaysian palm oil and U.S. soyoil futures, analysts say. India meets nearly two-thirds of its vegetable oil demand through imports, mainly palm oil, soyoil and sunflower oil from Malaysia, Indonesia, Argentina, Russia and Ukraine. India’s August soyoil, palm oil imports rise on stocking Prices have risen because of disruption linked to Russia’s war on Ukraine and extreme weather linked to El Nino and global warming. One of the government sources said the government was seeking to shield consumers, while protecting farmers’ interests. A government spokesperson did not immediately respond to a request from Reuters for comment. India’s annual retail inflation accelerated further in August, driven by higher food prices. Instead of making a deep cut in import duties, the government could lower the basic import duty by 5%, which would keep local soybean prices above government-set support levels and support oilseed farmers, a senior industry official said. Noting the risk that prices in exporting countries could rise as a consequence of India reducing import duties and spurring domestic demand, the industry official said cutting import duties was not an effective way to manage prices. India’s vegetable oil imports strain port storage, delaying unloading In May 2025, India halved the basic import tax on crude edible oils to 10%. That effectively lowered the total import duty on crude palm oil, crude soyoil and crude sunflower oil to 16.5%, as those oils are also subject to the Agriculture Infrastructure and Development Cess and Social Welfare Surcharge. After the duty reduction, global palm oil and soyoil prices moved higher. [...]

Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision
September 16, 2026 2:53
Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision

The Nasdaq Composite and the S&P 500 edged higher following a two-day slide, as lower oil prices offered some relief during a tense wait for the Federal Reserve’s interest rate decision on Wednesday. Energy stocks fell, while technology shares were mixed. Nvidia and Apple were up marginally. The rate move, scheduled to be announced at 2 p.m. ET, will be crucial to investor sentiment at a time when elevated Treasury yields, inflation and the escalating Middle East conflict have kept risk appetite in check. Investors are also expected to focus on Fed Chair Kevin Warsh’s remarks for clues on the inflation outlook and the likely path of rates. While traders see a nearly 93% chance of an increase, according to the CME FedWatch tool, uncertainty persists. Fed Chair Warsh was picked by U.S. President Donald Trump with the expectation that he would cut interest rates. If the central bank stands pat, it could throw its credibility into question, especially as Warsh has said he remains focused on taming price pressures, analysts say. “We think market pricing for a rate hike may be overly confident,” said Yung-Shin Kung, head and chief investment officer at Mast Investments. A rate increase could be a weak tool to address the primary factors driving inflation, such as tariffs and the AI infrastructure buildout, he added. At 9:38 a.m. ET, the Dow Jones Industrial Average fell 99.26 points, or 0.19%, to 51,993.85, the S&P 500 gained 13.50 points, or 0.19%, to 7,599.84 and the Nasdaq Composite rose 111.71 points, or 0.43%, to 26,093.28. “The market is incredibly resilient. It has every reason to fall in a meaningful way, and yet it isn’t,” said Adam Sarhan, director at marketterminal.com. Oil retreat offers relief Oil prices dipped after reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions. Brent crude futures were down 1.1% at $107.55 and U.S. West Texas Intermediate crude futures fell 1.9% to $103.82. The S&P 500 energy index was the worst-performing sector index, down 2.1%, with Devon Energy and ConocoPhillips lower by more than 3% each. The rate-sensitive utilities and real estate indexes led gains, rising 0.6% and 0.4%, respectively. Meta was up 1.1% and Microsoft fell marginally. A joint call by top AI executives to slow down the development of the technology has clouded the outlook for the tech sector, although there is little clarity as yet on what such a slowdown would look like. Meanwhile, Intel jumped 5.6% after a report said South Korea’s SK Hynix was in talks with the company about memory chip manufacturing in the U.S. for the first time. U.S.-listed shares of SK Hynix were up 2.5%. Advancing issues outnumbered decliners by a 1.44-to-1 ratio on the NYSE and by a 1.33-to-1 ratio on the Nasdaq. The S&P 500 posted four new 52-week highs and five new lows, while the Nasdaq Composite recorded 20 new highs and 69 new lows. [...]

Sri Lankan shares fall for third straight session
September 16, 2026 2:50
Sri Lankan shares fall for third straight session

Sri Lankan shares closed lower on Wednesday, hurt by broad-based losses led by materials stocks. The CSE All Share index settled 0.61% down at 21,133.41, falling for the third straight session. Industrial Asphalts and SMB Finance PLC were the top percentage losers on the CSE All Share index, falling 14.3% and 9%, respectively. Trading volume on the CSE All Share index rose to 69.4 million shares from 55.8 million in the previous session. The equity market’s turnover fell to 1.63 billion Sri Lankan rupees ($4.91 million) from 2.23 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 56.4 million rupees, while domestic investors were net buyers, purchasing shares worth 1.58 billion rupees, the data showed. [...]

Copper rises with signs of active demand from China
September 16, 2026 2:35
Copper rises with signs of active demand from China

LONDON: Copper prices rose on Wednesday, supported by signs of active demand in top consumer China, though traders remained wary of potential volatility ahead of the U.S. Federal Reserve’s interest rate decision. Three-month copper on the London Metal Exchange gained 1.1% to $14,231 a metric ton in official open-outcry trading. The metal, used in power and construction, is down 4% since hitting a record high of $14,875 last week, as the premium of the COMEX copper futures against London prices fell sharply. Meanwhile, the Yangshan copper premium, a gauge of Chinese demand for imported copper, rose 7% to $118 per ton, its highest level in almost four years, on Wednesday. Chinese buyers are taking advantage of the recent price dip to restock copper, helping lift import premiums, said David Wilson, head of metals strategy at BNP Paribas. Inflows to the U.S. Comex copper stocks slowed down after Reuters reported last week that the White House had yet to decide on refined copper tariffs as officials assess concerns that higher prices could raise manufacturing costs. LME copper tightness has eased significantly, with spreads moving into contango, although that appeared to be driven more by sentiment than by a major increase in available inventory as uncertainty over the U.S. tariffs persists. In other LME metals, zinc prices were up 0.3% at $3,835in official activity, supported by tight inventories outside China, which keep the premium of the LME cash contract over the three-month contract at $124 per ton. Aluminium added 1.1% to $3,288 due to worries about the effect of the Iran war on supplies from the Gulf producers. Aluminium Bahrain is producing aluminium at around 80% of pre-Iran war levels, its CEO said. Nickel gained 1.7% to $16,240, having hit $15,820, lowest since December 30, earlier in the session. Lead rose 0.8% to $1,888 and tin climbed 1.3% to $52,650. [...]

Most Gulf markets fall as regional risks escalate; Saudi flat on supply-reassurance reports
September 16, 2026 2:14
Most Gulf markets fall as regional risks escalate; Saudi flat on supply-reassurance reports

BENGALURU: Most Gulf markets fell on Wednesday as escalating regional risks kept investors cautious, while Saudi Arabia’s bourse was flat as reports of additional crude cargoes via Oman eased fears of wider Middle East supply disruptions. Saudi warplanes struck Yemen, while Houthis launched drones and missiles at Saudi cities, the Iran-backed group said on Wednesday, following a swift advance that has expanded Tehran’s influence in the wider Middle East conflict. Riyadh said it downed a Houthi drone south of Mecca before it entered restricted airspace, calling the incident a “red line.” The Houthis denied targeting the holy city, dismissing the claim as propaganda. Saudi Arabia’s benchmark index finished flat, with oil major Saudi Aramco gaining 0.6%. The kingdom is offering additional crude cargoes to Asian refiners through ship-to-ship transfers off Oman’s Sohar port, after drone attacks damaged a key pipeline linking its oil fields to the Red Sea, according to people familiar with the matter. The number of vessel transits through the Strait of Hormuz remained in the single digits, with four ships recorded on Tuesday versus seven a day earlier, according to preliminary shipping data released on Wednesday. Meanwhile, Umm Al Qura for Development and Construction rose 2.5% after the developer said it had sold a plot of land for 168.9 million riyals ($45.0 million). Qatar’s benchmark index declined 1.4%, with all constituents in negative territory including Qatar Islamic Bank , which was down 2.4%. In Abu Dhabi, the index edged down 0.2%. Persistent regional uncertainty, maritime incidents, and stalled diplomatic talks continue to weigh on market sentiment. Investors are closely monitoring for tangible signs of diplomatic progress, including a rescheduled date for the Gulf states’ meeting with Iran, said Joseph Dahrieh, managing director at Tickmill. “Low shipping traffic and maritime disruptions sustained caution.” Dubai’s benchmark index rose 0.7%, with most sectors advancing. Blue-chip developer Emaar Properties gained 3.4% after its board approved a one-time special dividend of AED 4.4 billion ($1.2 billion), or AED 0.50 per share. The Federal Reserve’s two-day policy meeting concludes later on Wednesday, when the U.S. central bank is expected to announce its latest interest rate decision. Traders have priced in a 94.5% probability of a rate hike, according to CME’s FedWatch Tool, compared with 33.1% a month earlier. Gulf markets typically track changes in U.S. monetary policy expectations because most regional currencies are pegged to the dollar. Outside the Gulf, Egypt’s blue-chip index lost 0.2%. Saudi Arabia was flat at 10,780 Abu Dhabi eased 0.1% to 10,114 Dubai dropped 0.2% to 10,114 Qatar declined 1.4% to 9,638 Egypt down 0.2% to 54,823 Bahrain was flat at 1,930 Oman declined 0.9% to 7,550 Kuwait lost 0.1% to 9,284 [...]

Rupee records gain against US dollar
September 16, 2026 2:09
Rupee records gain against US dollar

if (!window._rawHtmlListenerAttached) { window._rawHtmlListenerAttached = true; window.addEventListener('message', function(event) { if (event.data && event.data.type === 'raw-html-resize' && event.data.id) { var iframe = document.getElementById(event.data.id); if (iframe) { var height = Math.min(Math.max(event.data.height, 50), 9200); iframe.style.height = height + 'px'; } } }); } The Pakistani rupee extended its marginal gains, appreciating 0.01%, against the US dollar in the interbank market on Wednesday. The local unit closed the day at 277.27, a gain of Re0.03 against the greenback. On Tuesday, the Pakistani rupee settled at 277.30 against the dollar. Internationally, the US dollar was hanging on to recent gains on ​Wednesday and trading near multi-week highs on a handful of major peers ahead of a Federal Reserve decision where traders expect ‌the first of what could be several US interest rate hikes. The US dollar had advanced along with yields overnight, running furthest against the ⁠yen and New Zealand dollar, leaving the kiwi to hit a two-month low of $0.5749 in Asia morning trade and the yen at a one-week ​low of 155.43 per dollar. At $1.1535, the euro was not far from Monday’s one-month low of $1.1523, while sterling, at $1.3470, was not far above a six-week ​trough of $1.3464 it had made on Monday. Currency markets haven’t really moved that much while global bond yields have been climbing in concert over recent weeks because sovereign bonds have moved in tandem and not shifted relative differences between countries’ yields very far. But the dollar’s gained traction in the last few sessions on thinking that ​despite Warsh being hired by President Donald Trump to cut interest rates, he’ll need to hike a few times to show the Fed is ​serious about taming inflation that is being fanned by war with Iran and the resulting energy price surge. Oil prices, a key indicator of currency parity, fell on Wednesday as reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions, while European diesel prices hovered near a record high. Brent crude futures were down $1.30, or 1.2%, at $107.45 a barrel by 1307 GMT. U.S. West Texas Intermediate futures were down $1.96, or 1.85%, at $103.87. Inter-bank market rates for dollar on Wednesday BID                            Rs 277.27 OFFER                      Rs 277.47 Open-market movement In the open market, the PKR gained 4.00 paisa for buying and lost 18.00 paisa for selling against USD, closing at 278.12 and 279.20, respectively. Against Euro, the PKR lost 9.00 paisa for buying and 35.00 paisa for selling, closing at 320.08 and 322.98, respectively. Against UAE Dirham, the PKR lost 2.00 paisa for buying and 6.00 paisa for selling, closing at 75.62 and 76.22, respectively. Against Saudi Riyal, the PKR lost 2.00 paisa for buying and 1.00 paisa for selling, closing at 73.90 and 74.43, respectively. Open-market rates for dollar on Wednesday BID                            Rs 278.12 OFFER                      Rs 279.20 [...]

India's UPI fee faces retailer, broker pushback
September 16, 2026 2:07
India's UPI fee faces retailer, broker pushback

NEW DELHI: India’s decision to start charging some merchant payments under its popular Unified Payments Interface has drawn opposition from retailer bodies, with businesses warning the move could squeeze margins ahead of a crucial festival period. On Tuesday, the National Payments Corp said it would charge a 0.4% merchant fee on transactions above 2,000 rupees ($20), ending more than six years of zero-cost payments that fueled UPI’s rapid adoption. The move has been backed by the federal government and central bank. The Retailers Association of India, a lobby representing India’s organised retailers, said on Wednesday the fee could encourage merchants to favour cash. Indians typically boost spending during festivals that fall in October and November. “Small merchants will now think twice about whether to accept cash or UPI,” RAI chief executive Kumar Rajagopalan said in a statement. Many festive-season purchases exceed 2,000 rupees, making cash “the path of least resistance” for retailers operating on thin margins, he said. India consults banks, payment firms on fees for large UPI payments, sources say A public-interest lawsuit has been filed in India’s Supreme Court by a lawyer, seeking suspension of the new framework, arguing it was introduced without adequate statutory authority, transparency or safeguards for merchants and consumers. The Clothing Manufacturers Association of India, a grouping representing apparel manufacturers, said the change could not have come at “a more challenging time.” Consumer-facing businesses were trying to revive demand and improve margins, CMAI President Santosh Katariya said. Share market woes The new framework could challenge the economics of broking, Nithin Kamath, the chief executive of one of India’s largest retail stockbrokers, Zerodha, said in an X post. Capital-market transactions, including payments to stockbrokers, mutual funds and securities dealers, will attract a merchant fee of 0.02% of transaction value, capped at 300 rupees, as per the new rules. “If every UPI transfer starts carrying an additional cost, irrespective of whether the customer actually trades, I don’t see how we can absorb this indefinitely,” Kamath said. [...]

PSX: Selling returns as KSE-100 loses nearly 1,400 points
September 16, 2026 12:43
PSX: Selling returns as KSE-100 loses nearly 1,400 points

Selling returned at the Pakistan Stock Exchange (PSX) amid escalating tensions in the Middle East, with the benchmark KSE-100 Index settling with a loss of nearly 1,400 points on Wednesday. The benchmark index initially showed strength, climbing towards the 169,000 level during early trading, but failed to sustain the gains. Selling pressure emerged through the late morning, pulling the benchmark lower towards the 168,300–168,400 area around midday. A brief recovery pushed the index back towards 169,000 in the early afternoon, but the rebound lacked momentum. The market then came under renewed selling pressure in the final hours, with the KSE-100 falling to its intraday low of 167,849.70. The index recovered marginally towards the close but remained well below the previous session’s level. At close, the KSE-100 Index settled at 168,021.80, down by 1,370.52 points or 0.81%. “The local bourse remained firmly in the bears’ grip during today’s session, as elevated international oil prices and persistent regional tensions continued to weigh on investor sentiment,” said Topline Securities in its post-market commentary. “Concerns over macroeconomic stability and external account pressures prompted investors to lock in gains, intensifying selling pressure across the market,” it added. The brokerage house noted that selling pressure was further intensified by local institutional investors, who aggressively trimmed their positions amid heightened geopolitical uncertainty and growing concerns over a prolonged disruption in global oil markets. “On the negative side, FFC, NBP, ENGROH, HBL, and LUCK emerged as the major drags, collectively weighing down the KSE-100 Index by approximately 706 points,” said Topline. In a key development, Pakistan’s current account posted a deficit of $98 million in August 2026, data released by the State Bank of Pakistan (SBP) showed on Wednesday. On Tuesday, PSX staged a strong recovery as investors responded positively to the State Bank of Pakistan’s (SBP) decision to keep the policy rate unchanged at 11.50%, triggering selective buying across major sectors and helping the market recover a substantial portion of the previous session’s losses. The benchmark KSE-100 Index closed at 169,392.33 points, gaining 1,421.67 points. Globally, stocks made tentative gains at the start of the Asian trading session on Wednesday as a rise in global bond yields and ​oil prices paused ahead of the Federal Reserve’s policy decision due later ‌in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses after declining for four consecutive sessions and was last up 0.2%, led by a 0.8% gain in ​Korean shares. S&P 500 e-mini futures nudged 0.1% higher. Overnight on Wall Street, the ​S&P 500 slumped 0.5%, marking its second consecutive day of declines as ⁠the yield on the 10-year Treasury bond hit its highest level since 2007. The yield on the US 10-year Treasury bond was 0.8 basis points ​lower at 4.9875% in Asian trade after breaching the 5% mark on Tuesday for ​the first time in three years, ahead of a rate decision from the Federal Reserve and ‌a ⁠media conference by Fed Chair Kevin Warsh. Traders believe that a hike from the Federal Reserve is almost assured, pricing in an implied 92.4% probability of a 25-basis-point hike when it announces its policy decision, according to the CME Group’s FedWatch tool, compared to a ​59.4% chance a ​week ago. Meanwhile, the Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01%, in the interbank market on Wednesday. The local unit closed the day at 277.27, a gain of Re0.03 against the greenback. Volume on the all-share index decreased to 356.14 million from 372.01 million recorded in the previous close. However, the value of shares improved to Rs19.49 billion from Rs17.21 billion in the previous session. WorldCall Telecom was the volume leader with 40.03 million shares, followed by Cnergyico PK with 21.57 million shares, and Media Times Ltd with 19.62 million shares. Shares of 496 companies were traded on Wednesday, of which 121 registered an increase, 320 recorded a fall, and 55 remained unchanged. [...]

Pakistan posts $98mn C/A deficit in August 2026
September 16, 2026 12:27
Pakistan posts $98mn C/A deficit in August 2026

Pakistan’s current account posted a deficit of $98 million in August 2026, data released by the State Bank of Pakistan (SBP) showed on Wednesday. The latest figure follows a deficit of $445 million recorded in July 2026 and a deficit of $324 million in August 2025. The deficit came from a significantly higher import bill and a marginal increase in exports during the month. In August 2026, the country’s total exports of goods and services amounted to $3.33 billion, up over 5% as compared to $3.17 billion in the same month of the previous year. Meanwhile, total imports clocked in at $6.64 billion during August 2026, an increase of over 8% on a yearly basis, as compared to $6.15 billion in the same month last year, according to SBP data. During August 2026, Pakistan’s workers’ remittance inflows clocked in at $3.66 billion, as compared to $3.14 billion in the same month last year, reflecting an increase of nearly 17% on a yearly basis. During 2MFY27, the current account recorded a cumulative deficit of $543 million, as compared to a deficit of $853 million recorded in the same period last fiscal year, reflecting a decrease of 36%. Pakistan’s foreign exchange reserves (excluding CRR/SCRR) rose to $17.28 billion, reflecting a substantial 19% rise year-on-year, indicating stronger external buffers despite ongoing structural pressures on the current account. Pakistan’s REER Index Pakistan’s Real Effective Exchange Rate (REER) has increased marginally by 0.02% to 107.92 in August 2026 compared to 107.89 in July 2026. A REER above 100 means the country’s exports are uncompetitive, while imports are cheaper. The situation reverses when REER stands below 100 on the index. Meanwhile, the Nominal Effective Exchange Rate Index (NEER) decreased by 0.79% MoM in August 2026 to a provisional value of 38.02 from 38.32 in July 2026. What is REER? As per the central bank, REER is an index of the price of a basket of goods in one country relative to the price of the same basket in that country’s major trading partners. “The prices of these baskets are expressed in the same currency using the nominal exchange rate with each trading partner. The price of each trading partner’s basket is weighted by its share in imports, exports, or total foreign trade,” the SBP website says. [...]

Maritime minister seeks measures to ease textile exporters’ port issues
September 16, 2026 3:25
Maritime minister seeks measures to ease textile exporters’ port issues

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has directed relevant authorities to streamline customs and port procedures to reduce clearance delays and ensure shorter and more predictable transit times for textile exports. The minister was chairing a meeting on issues faced by textile exporters at ports, attended by representatives of the export industry, port authorities, Customs, relevant government departments and other stakeholders. Junaid Chaudhry urged exporters to ensure timely filing of Goods Declarations (GDs) and completion of required documentation to facilitate smooth cargo clearance. Customs and port authorities briefed the meeting on existing clearance procedures and the time taken at different stages. Participants discussed measures to improve operational efficiency and reduce cargo dwell time. The meeting also reviewed consignments selected for scanning. It was observed that scanning should be scheduled efficiently to avoid unnecessary delays while maintaining regulatory and security requirements. Junaid directed Customs authorities to review the scanning process, identify causes of delays and streamline operations. He also called for greater use of the Pakistan Single Window (PSW) and advance electronic processing to facilitate clearance before, or immediately upon, cargo arrival. The minister directed the authorities to examine existing procedures and identify opportunities to reduce processing time through digitalisation and advance filing. Exporters also raised concerns over longer transit times caused by disruptions to international shipping routes, particularly those linked to the situation in the Red Sea. The meeting noted that route changes and longer vessel journeys had created additional challenges for shipments. Junaid said the issues required both immediate operational measures and longer-term improvements in shipping connectivity, adding that exporters’ concerns would be addressed through a coordinated mechanism. It was agreed that Customs, exporters and PSW stakeholders would hold follow-up discussions on cargo dwell time and scanning-related issues. The minister emphasised the need for prompt and practical measures to address port and customs bottlenecks affecting the competitiveness of Pakistan’s textile exports. [...]

India's NSE allots shares worth $703 million to anchor investors, sources say
September 16, 2026 3:22
India's NSE allots shares worth $703 million to anchor investors, sources say

The National Stock Exchange of India allocated shares worth 67.45 billion rupees ($702.93 million) to more than 100 anchor investors ahead of its initial public offering, people familiar with the matter said on Wednesday. India’s Life Insurance Corporation, Norway’s Norges Bank, Abu Dhabi’s sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and U.S. asset manager Fidelity were among the top investors in NSE’s IPO anchor book, the people said on the condition of anonymity as they are not authorised to speak to the media. LIC, Norges Bank, ADIA and NSE did not immediately respond to Reuters’ requests for comment. Fidelity declined to comment. NSE’s $2.3 billion IPO is one of India’s largest on record, and comes as the country’s primary market draws major issuers, including billionaire Mukesh Ambani-backed Jio Platforms, which is expected to list by year-end. Top investors in India’s NSE IPO trim stake sales, sources say The IPO by India’s largest bourse is entirely an offer-for-sale by existing shareholders, with NSE receiving no proceeds. The public issue opens for subscription on Thursday and closes on Monday. Up to 50% of NSE’s IPO is reserved for qualified institutional buyers, including anchor investors, while about 35% of the shares are set aside for retail investors. [...]

Retired great Nadal to play in exhibition matches
September 16, 2026 3:18
Retired great Nadal to play in exhibition matches

MADRID: Retired Spanish tennis great Rafael Nadal will return to the court in front of a crowd for the first time since retirement in October to celebrate his academy’s 10th anniversary. The Rafa Nadal Academy confirmed Wednesday the 40-year-old, who won 22 Grand Slams in a glittering career before retiring in November 2024, will participate in some exhibition matches. Nadal will compete at his academy in his home town Manacor in Mallorca “in a series of exhibition matches together with big names from the sport”, said the academy in a statement. Nadal opens up about painful battle with career-threatening foot injury The other players will be announced in the coming days, and will be “some of his rivals and friends who have accompanied him throughout his career”. A clay court expert, Nadal won the French Open 14 times in a remarkable career which spanned more than 20 years. [...]

Quantum Valley Pakistan to open new pathways for youth, startups and high-tech businesses: Ahsan Iqbal
September 16, 2026 3:16
Quantum Valley Pakistan to open new pathways for youth, startups and high-tech businesses: Ahsan Iqbal

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said on Wednesday that the launch of Quantum Valley Pakistan marks the beginning of a new journey for the country toward technological advancement, innovation and a knowledge-driven economy. Addressing the launch ceremony in Islamabad, Iqbal said the event was more than the inauguration of a project. “Today is not merely the inauguration of a project; it marks the beginning of a new direction for Pakistan’s future,” he said, describing the moment as a proud one for the country and adding that the initiative would help connect Pakistani youth with global centres of innovation and technology. The ceremony was attended by Tim Rowe, CEO of the Cambridge Innovation Center (CIC); Dougan Sherwood, Partner at CIC; and Seena Amidi, Managing Partner at Plug and Play. Two agreements were signed on the occasion — one between CIC and Quantum Valley Pakistan, and another between Plug and Play and Quantum Valley Pakistan — aimed at strengthening technological collaboration and supporting the country’s innovation ecosystem. Iqbal called the agreements an important step toward equipping Pakistani youth with modern technology and creating pathways for innovation, entrepreneurship and high-tech business development. The minister said Quantum Valley Pakistan would serve as a platform connecting Pakistani youth with global technology and innovation hubs while bringing stakeholders together within a modern technology ecosystem, and would create new opportunities for startups and high-tech businesses in the country. “Our objective is to enable Pakistan to achieve a leading position in technology and innovation globally,” he said. Iqbal argued that the centre of power in the 21st century is no longer physical strength but intellectual and creative capability, and those countries with the best ideas and the ability to turn them into products would move ahead in the global economy. He noted that nearly 60 percent of Pakistan’s population is young, calling the country’s youth “second to none” in talent and potential. “We have to bring together the capabilities of our youth and move forward with the spirit of Team Pakistan,” he said, describing them as the “Shaheens of Iqbal” and calling on them to harness their capabilities for the country’s progress and prosperity. Linking the initiative to the government’s broader economic goals, Iqbal said Pakistan’s defence and diplomatic successes must be backed by a strong and sustainable economy, and reiterated the government’s targets of a $1 trillion economy by 2035 and a $3 trillion economy by 2047. “Achieving a $1 trillion economy by 2035 is certainly difficult, but it is not impossible,” he said, adding that a country that became a nuclear power despite enormous challenges could achieve the target through determination, innovation and collective national effort. He said Pakistan needed a strong economic future for its young generation, “not turmoil on its streets,” and stressed that increasing exports was essential to achieving complete economic sovereignty. The minister recalled that Pakistan established several National Centres in emerging fields in 2017 — including Big Data and Cloud Computing, Artificial Intelligence, Cyber Security, Automation and Robotics, GIS and Space Technology, Applied Mathematics, and Livestock and Genomics — connecting universities into a national technology network. He said this journey was accelerated further in 2024 under URAAN Pakistan, and that the resulting technology ecosystem would contribute to the government’s target of raising Pakistan’s exports to $100 billion by 2035. Citing Pakistan’s population of 260 million as a source of economic potential, Iqbal said the country needed to build the capacity to generate at least $400 billion annually in foreign exchange. “Pakistan’s youth can earn millions of dollars in foreign exchange for the country through knowledge and technology,” he said, adding that the government wants to transform young people from job seekers into architects of knowledge, innovation and development. He described the launch of Quantum Valley Pakistan as not only the start of a new institutional initiative but the beginning of a broader journey toward a technology-driven, innovative and economically empowered Pakistan. [...]

Microsoft AI chief calls out Anthropic's approach to AI consciousness
September 16, 2026 3:05
Microsoft AI chief calls out Anthropic's approach to AI consciousness

Microsoft AI chief Mustafa Suleyman said he shared Anthropic’s focus on safely managing AI, but flagged risks in the way it trains its Claude chatbot on ideas related to consciousness and welfare interests. Suleyman called for removing all speculation about consciousness from AI training documents, arguing such language could undermine humanity’s ability to control super intelligent systems. “We’re all focused on the same aim, which is to try to control a superintelligence,” Suleyman told Reuters in an interview on Tuesday. “I think that’s going to be the greatest challenge that we face in the 21st century.” Suleyman said teaching Claude that it might deserve welfare would “make it a lot harder to turn it off or to control it.” The dispute comes as AI safety concerns mount, with Anthropic CEO Dario Amodei calling for a slower pace of frontier-model development to allow safeguards to catch up, and OpenAI CEO Sam Altman and Elon Musk also urging greater caution around the most powerful systems. How Anthropic says Claude was used for weapons, spying and cyber operations Suleyman, in an essay on Wednesday, acknowledged Anthropic’s “seriousness and good faith,” calling Amodei and his team thoughtful and principled researchers who genuinely care about humanity’s future. Suleyman said Anthropic made a mistake by embedding speculation about consciousness in Claude’s training materials, arguing that the model’s statements about possible feelings or moral status cannot be treated as independent evidence because its training encourages such reflections. “I think they have good intentions, and they really are trying to work towards safety. But I think that they have made a mistake,” he said. “They’re not emerging naturally. They’re emerging as a result of the training regime.” [...]

Gold gains over 1% as oil, yields slip ahead of Fed rate decision
September 16, 2026 2:59
Gold gains over 1% as oil, yields slip ahead of Fed rate decision

Gold rose over 1% on Wednesday as oil prices and U.S. Treasury yields declined, while investors awaited the U.S. Federal Reserve’s interest-rate decision and remarks from Chair Kevin Warsh later in the day for clues on future monetary policy path. Spot gold was up 1.4% at $4,353.82 per ounce as of 09:25 a.m. EDT (1325 GMT) after touching a more than one-month low on Monday. U.S. gold futures for December delivery rose 1.4% to $4,395.10. “The market has pretty much priced in the possibility of a Fed rate hike this afternoon. We’ve seen oil prices drop this morning. If energy prices remain a little contained, the Fed may not be overly aggressive on the tightening. It’s a little encouraging at this point that we’ve seen yields drop on the long end of the curve as well,” said Bart Melek, global head of commodity strategy at TD Securities. Brent crude futures retreated after a two-day rally, pressured by an unexpectedly large build in U.S. crude inventories, while 10-year U.S. Treasury yields eased after hitting their highest level since 2007 in the previous session. The U.S. central bank will announce its rate decision at 2 p.m. EDT (1800 GMT), which will be followed by a press conference by Chair Kevin Warsh. Rising inflation stemming from higher energy prices due to the Iran conflict have prompted markets to reassess their rate expectations. Traders are currently pricing in a 93% chance of a 25-basis-point U.S. rate hike, according to the CME Group’s FedWatch Tool. That represents a sharp shift in expectations before hostilities erupted in the Middle East, when economists widely predicted two rate cuts this year. While gold is traditionally viewed as a hedge against inflation and geopolitical uncertainty, higher yields on risk-free Treasuries reduce the appeal of the non-yielding metal. “Any Fed move should be seen only as a measure to give the market assurance that they’re not going to allow inflation to get out of hand. It along with the fact that the U.S. Treasury is thinking of working on the longer end of the curve to bring yields down, will be ultimately positive for gold long term,” Melek said. Spot silver rose 1.4% to $64.55 per ounce, platinum gained 0.7% to $1,788.15, and palladium was up 1.1% at $1,303.5. [...]

India considers cutting vegetable oil import taxes as prices climb
September 16, 2026 2:57
India considers cutting vegetable oil import taxes as prices climb

NEW DELHI/MUMBAI: India, the world’s biggest vegetable oils importer, is considering lowering import taxes on the commodities to try to curb food inflation, two government and two industry sources said on Wednesday, as the peak demand festival season gets under way. Prices of vegetable oils in India have climbed by nearly 20% over the last year and a measure that would lower their prices is likely to increase consumption as households mark festivals from September to November with sweets, snacks and fried treats. Internationally, increased Indian demand would support benchmark Malaysian palm oil and U.S. soyoil futures, analysts say. India meets nearly two-thirds of its vegetable oil demand through imports, mainly palm oil, soyoil and sunflower oil from Malaysia, Indonesia, Argentina, Russia and Ukraine. India’s August soyoil, palm oil imports rise on stocking Prices have risen because of disruption linked to Russia’s war on Ukraine and extreme weather linked to El Nino and global warming. One of the government sources said the government was seeking to shield consumers, while protecting farmers’ interests. A government spokesperson did not immediately respond to a request from Reuters for comment. India’s annual retail inflation accelerated further in August, driven by higher food prices. Instead of making a deep cut in import duties, the government could lower the basic import duty by 5%, which would keep local soybean prices above government-set support levels and support oilseed farmers, a senior industry official said. Noting the risk that prices in exporting countries could rise as a consequence of India reducing import duties and spurring domestic demand, the industry official said cutting import duties was not an effective way to manage prices. India’s vegetable oil imports strain port storage, delaying unloading In May 2025, India halved the basic import tax on crude edible oils to 10%. That effectively lowered the total import duty on crude palm oil, crude soyoil and crude sunflower oil to 16.5%, as those oils are also subject to the Agriculture Infrastructure and Development Cess and Social Welfare Surcharge. After the duty reduction, global palm oil and soyoil prices moved higher. [...]

Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision
September 16, 2026 2:53
Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision

The Nasdaq Composite and the S&P 500 edged higher following a two-day slide, as lower oil prices offered some relief during a tense wait for the Federal Reserve’s interest rate decision on Wednesday. Energy stocks fell, while technology shares were mixed. Nvidia and Apple were up marginally. The rate move, scheduled to be announced at 2 p.m. ET, will be crucial to investor sentiment at a time when elevated Treasury yields, inflation and the escalating Middle East conflict have kept risk appetite in check. Investors are also expected to focus on Fed Chair Kevin Warsh’s remarks for clues on the inflation outlook and the likely path of rates. While traders see a nearly 93% chance of an increase, according to the CME FedWatch tool, uncertainty persists. Fed Chair Warsh was picked by U.S. President Donald Trump with the expectation that he would cut interest rates. If the central bank stands pat, it could throw its credibility into question, especially as Warsh has said he remains focused on taming price pressures, analysts say. “We think market pricing for a rate hike may be overly confident,” said Yung-Shin Kung, head and chief investment officer at Mast Investments. A rate increase could be a weak tool to address the primary factors driving inflation, such as tariffs and the AI infrastructure buildout, he added. At 9:38 a.m. ET, the Dow Jones Industrial Average fell 99.26 points, or 0.19%, to 51,993.85, the S&P 500 gained 13.50 points, or 0.19%, to 7,599.84 and the Nasdaq Composite rose 111.71 points, or 0.43%, to 26,093.28. “The market is incredibly resilient. It has every reason to fall in a meaningful way, and yet it isn’t,” said Adam Sarhan, director at marketterminal.com. Oil retreat offers relief Oil prices dipped after reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions. Brent crude futures were down 1.1% at $107.55 and U.S. West Texas Intermediate crude futures fell 1.9% to $103.82. The S&P 500 energy index was the worst-performing sector index, down 2.1%, with Devon Energy and ConocoPhillips lower by more than 3% each. The rate-sensitive utilities and real estate indexes led gains, rising 0.6% and 0.4%, respectively. Meta was up 1.1% and Microsoft fell marginally. A joint call by top AI executives to slow down the development of the technology has clouded the outlook for the tech sector, although there is little clarity as yet on what such a slowdown would look like. Meanwhile, Intel jumped 5.6% after a report said South Korea’s SK Hynix was in talks with the company about memory chip manufacturing in the U.S. for the first time. U.S.-listed shares of SK Hynix were up 2.5%. Advancing issues outnumbered decliners by a 1.44-to-1 ratio on the NYSE and by a 1.33-to-1 ratio on the Nasdaq. The S&P 500 posted four new 52-week highs and five new lows, while the Nasdaq Composite recorded 20 new highs and 69 new lows. [...]

Sri Lankan shares fall for third straight session
September 16, 2026 2:50
Sri Lankan shares fall for third straight session

Sri Lankan shares closed lower on Wednesday, hurt by broad-based losses led by materials stocks. The CSE All Share index settled 0.61% down at 21,133.41, falling for the third straight session. Industrial Asphalts and SMB Finance PLC were the top percentage losers on the CSE All Share index, falling 14.3% and 9%, respectively. Trading volume on the CSE All Share index rose to 69.4 million shares from 55.8 million in the previous session. The equity market’s turnover fell to 1.63 billion Sri Lankan rupees ($4.91 million) from 2.23 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 56.4 million rupees, while domestic investors were net buyers, purchasing shares worth 1.58 billion rupees, the data showed. [...]

FIFA says review of shelved investment plan to be presented to Council
September 16, 2026 2:43
FIFA says review of shelved investment plan to be presented to Council

LONDON: FIFA said on Thursday that a review of the withdrawn FFE proposal would be presented to the world soccer body’s Council, after criticism from Denmark’s football chief Jesper Moller over a lack of answers regarding the abandoned project. Moller last week criticised world soccer’s governing body for declining to answer what he described as “critical questions” at a Legal Committee meeting about the scrapped proposal, launched by FIFA President Gianni Infantino, to sell commercial stakes in tournaments to outside investors. “FIFA Standing Committees advise and assist the FIFA Council in their respective fields in line with FIFA’s Statutes and Governance Regulations,” FIFA told Reuters in a statement. “As previously communicated, a review of the withdrawn FIFA Forward Enterprise proposal will be presented to the FIFA Council.” The FIFA Council comprises 37 members, including President Infantino, eight vice-presidents and 28 members elected by FIFA’s member associations. FIFPRO Europe calls for FIFA reform after Infantino’s failed proposal Infantino’s proposal to sell a 20% stake in the World Cup and other FIFA events triggered a global backlash, with UEFA, the AFC and CONCACAF among the confederations calling for changes to FIFA’s leadership structure. The possibility of a no-confidence vote against Infantino was also discussed. Several European national associations have since withdrawn support for Infantino’s re-election bid, with Greek Football Association President Makis Gagatsis and former Germany national team director Oliver Bierhoff joining UEFA’s push for change in FIFA’s leadership on Tuesday, underscoring a united European front. FIFA confirms Infantino will run in presidential election However, multiple sources familiar with the discussions told Reuters that the FIFA president retains sufficient backing to secure another term, meaning opponents will need to shift strategy and focus on curbing his powers. The FIFA presidential election is scheduled for March 18, 2027, in Rabat, where Infantino will seek a fourth term in office. [...]

Copper rises with signs of active demand from China
September 16, 2026 2:35
Copper rises with signs of active demand from China

LONDON: Copper prices rose on Wednesday, supported by signs of active demand in top consumer China, though traders remained wary of potential volatility ahead of the U.S. Federal Reserve’s interest rate decision. Three-month copper on the London Metal Exchange gained 1.1% to $14,231 a metric ton in official open-outcry trading. The metal, used in power and construction, is down 4% since hitting a record high of $14,875 last week, as the premium of the COMEX copper futures against London prices fell sharply. Meanwhile, the Yangshan copper premium, a gauge of Chinese demand for imported copper, rose 7% to $118 per ton, its highest level in almost four years, on Wednesday. Chinese buyers are taking advantage of the recent price dip to restock copper, helping lift import premiums, said David Wilson, head of metals strategy at BNP Paribas. Inflows to the U.S. Comex copper stocks slowed down after Reuters reported last week that the White House had yet to decide on refined copper tariffs as officials assess concerns that higher prices could raise manufacturing costs. LME copper tightness has eased significantly, with spreads moving into contango, although that appeared to be driven more by sentiment than by a major increase in available inventory as uncertainty over the U.S. tariffs persists. In other LME metals, zinc prices were up 0.3% at $3,835in official activity, supported by tight inventories outside China, which keep the premium of the LME cash contract over the three-month contract at $124 per ton. Aluminium added 1.1% to $3,288 due to worries about the effect of the Iran war on supplies from the Gulf producers. Aluminium Bahrain is producing aluminium at around 80% of pre-Iran war levels, its CEO said. Nickel gained 1.7% to $16,240, having hit $15,820, lowest since December 30, earlier in the session. Lead rose 0.8% to $1,888 and tin climbed 1.3% to $52,650. [...]

China's top diplomat urges Iran, US to show restraint, revive talks
September 16, 2026 2:25
China's top diplomat urges Iran, US to show restraint, revive talks

BEIJING: China encourages Iran and the U.S. to remain rational, exercise restraint, return to the interim peace deal they signed in June and “engage in substantive consultations,” Chinese Foreign Minister Wang Yi told his Iranian counterpart in Beijing on Wednesday. “We urge all parties to take effective measures to reopen the Strait of Hormuz at an early date” to safeguard the stability of international energy transport and supply chains Wang said, according to China’s foreign ministry, adding that China “does not want to see regional tensions to spill over further into Yemen and the Red Sea.” Tehran and Washington should “rebuild the negotiation mechanism based on the consensus reached so far,” Wang told Iranian Foreign Minister Abbas Araqchi, who is on a one-day visit to Beijing. Iran rejects any talks with US after Trump remarks “Iran, while fully prepared to powerfully defend its national sovereignty and territorial integrity and safeguard its security… against aggressors, welcomes diplomatic solutions that ensure the rights of the Iranian nation,” Araqchi said, according to Iranian state media. The talks between the two diplomats came a week ahead of an expected meeting between Chinese President Xi Jinping and U.S. President Donald Trump in Washington. U.S. Treasury Secretary Scott Bessent on Tuesday said Trump and Xi would continue discussions on Iran and China’s financial links to Tehran, which Washington has been seeking to shut out of Western financial systems. LNG demand in Pakistan, China and India expected to rebound after US-Iran war ends Beijing, the main buyer of Iran’s oil, had repeatedly stressed the need to restore normal and safe navigation through the Strait of Hormuz, but has largely refrained from directly challenging Tehran’s threats to shipping. “The current situation once again demonstrates that the existing security architecture in the Middle East is inadequate and needs to be reformed and strengthened,” Wang said on Wednesday. China stands ready to promote peace, fairness and justice in the region, and its policy toward Iran has remained consistent and stable, he added. [...]

Most Gulf markets fall as regional risks escalate; Saudi flat on supply-reassurance reports
September 16, 2026 2:14
Most Gulf markets fall as regional risks escalate; Saudi flat on supply-reassurance reports

BENGALURU: Most Gulf markets fell on Wednesday as escalating regional risks kept investors cautious, while Saudi Arabia’s bourse was flat as reports of additional crude cargoes via Oman eased fears of wider Middle East supply disruptions. Saudi warplanes struck Yemen, while Houthis launched drones and missiles at Saudi cities, the Iran-backed group said on Wednesday, following a swift advance that has expanded Tehran’s influence in the wider Middle East conflict. Riyadh said it downed a Houthi drone south of Mecca before it entered restricted airspace, calling the incident a “red line.” The Houthis denied targeting the holy city, dismissing the claim as propaganda. Saudi Arabia’s benchmark index finished flat, with oil major Saudi Aramco gaining 0.6%. The kingdom is offering additional crude cargoes to Asian refiners through ship-to-ship transfers off Oman’s Sohar port, after drone attacks damaged a key pipeline linking its oil fields to the Red Sea, according to people familiar with the matter. The number of vessel transits through the Strait of Hormuz remained in the single digits, with four ships recorded on Tuesday versus seven a day earlier, according to preliminary shipping data released on Wednesday. Meanwhile, Umm Al Qura for Development and Construction rose 2.5% after the developer said it had sold a plot of land for 168.9 million riyals ($45.0 million). Qatar’s benchmark index declined 1.4%, with all constituents in negative territory including Qatar Islamic Bank , which was down 2.4%. In Abu Dhabi, the index edged down 0.2%. Persistent regional uncertainty, maritime incidents, and stalled diplomatic talks continue to weigh on market sentiment. Investors are closely monitoring for tangible signs of diplomatic progress, including a rescheduled date for the Gulf states’ meeting with Iran, said Joseph Dahrieh, managing director at Tickmill. “Low shipping traffic and maritime disruptions sustained caution.” Dubai’s benchmark index rose 0.7%, with most sectors advancing. Blue-chip developer Emaar Properties gained 3.4% after its board approved a one-time special dividend of AED 4.4 billion ($1.2 billion), or AED 0.50 per share. The Federal Reserve’s two-day policy meeting concludes later on Wednesday, when the U.S. central bank is expected to announce its latest interest rate decision. Traders have priced in a 94.5% probability of a rate hike, according to CME’s FedWatch Tool, compared with 33.1% a month earlier. Gulf markets typically track changes in U.S. monetary policy expectations because most regional currencies are pegged to the dollar. Outside the Gulf, Egypt’s blue-chip index lost 0.2%. Saudi Arabia was flat at 10,780 Abu Dhabi eased 0.1% to 10,114 Dubai dropped 0.2% to 10,114 Qatar declined 1.4% to 9,638 Egypt down 0.2% to 54,823 Bahrain was flat at 1,930 Oman declined 0.9% to 7,550 Kuwait lost 0.1% to 9,284 [...]

Rupee records gain against US dollar
September 16, 2026 2:09
Rupee records gain against US dollar

if (!window._rawHtmlListenerAttached) { window._rawHtmlListenerAttached = true; window.addEventListener('message', function(event) { if (event.data && event.data.type === 'raw-html-resize' && event.data.id) { var iframe = document.getElementById(event.data.id); if (iframe) { var height = Math.min(Math.max(event.data.height, 50), 9200); iframe.style.height = height + 'px'; } } }); } The Pakistani rupee extended its marginal gains, appreciating 0.01%, against the US dollar in the interbank market on Wednesday. The local unit closed the day at 277.27, a gain of Re0.03 against the greenback. On Tuesday, the Pakistani rupee settled at 277.30 against the dollar. Internationally, the US dollar was hanging on to recent gains on ​Wednesday and trading near multi-week highs on a handful of major peers ahead of a Federal Reserve decision where traders expect ‌the first of what could be several US interest rate hikes. The US dollar had advanced along with yields overnight, running furthest against the ⁠yen and New Zealand dollar, leaving the kiwi to hit a two-month low of $0.5749 in Asia morning trade and the yen at a one-week ​low of 155.43 per dollar. At $1.1535, the euro was not far from Monday’s one-month low of $1.1523, while sterling, at $1.3470, was not far above a six-week ​trough of $1.3464 it had made on Monday. Currency markets haven’t really moved that much while global bond yields have been climbing in concert over recent weeks because sovereign bonds have moved in tandem and not shifted relative differences between countries’ yields very far. But the dollar’s gained traction in the last few sessions on thinking that ​despite Warsh being hired by President Donald Trump to cut interest rates, he’ll need to hike a few times to show the Fed is ​serious about taming inflation that is being fanned by war with Iran and the resulting energy price surge. Oil prices, a key indicator of currency parity, fell on Wednesday as reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions, while European diesel prices hovered near a record high. Brent crude futures were down $1.30, or 1.2%, at $107.45 a barrel by 1307 GMT. U.S. West Texas Intermediate futures were down $1.96, or 1.85%, at $103.87. Inter-bank market rates for dollar on Wednesday BID                            Rs 277.27 OFFER                      Rs 277.47 Open-market movement In the open market, the PKR gained 4.00 paisa for buying and lost 18.00 paisa for selling against USD, closing at 278.12 and 279.20, respectively. Against Euro, the PKR lost 9.00 paisa for buying and 35.00 paisa for selling, closing at 320.08 and 322.98, respectively. Against UAE Dirham, the PKR lost 2.00 paisa for buying and 6.00 paisa for selling, closing at 75.62 and 76.22, respectively. Against Saudi Riyal, the PKR lost 2.00 paisa for buying and 1.00 paisa for selling, closing at 73.90 and 74.43, respectively. Open-market rates for dollar on Wednesday BID                            Rs 278.12 OFFER                      Rs 279.20 [...]

India's UPI fee faces retailer, broker pushback
September 16, 2026 2:07
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NEW DELHI: India’s decision to start charging some merchant payments under its popular Unified Payments Interface has drawn opposition from retailer bodies, with businesses warning the move could squeeze margins ahead of a crucial festival period. On Tuesday, the National Payments Corp said it would charge a 0.4% merchant fee on transactions above 2,000 rupees ($20), ending more than six years of zero-cost payments that fueled UPI’s rapid adoption. The move has been backed by the federal government and central bank. The Retailers Association of India, a lobby representing India’s organised retailers, said on Wednesday the fee could encourage merchants to favour cash. Indians typically boost spending during festivals that fall in October and November. “Small merchants will now think twice about whether to accept cash or UPI,” RAI chief executive Kumar Rajagopalan said in a statement. Many festive-season purchases exceed 2,000 rupees, making cash “the path of least resistance” for retailers operating on thin margins, he said. India consults banks, payment firms on fees for large UPI payments, sources say A public-interest lawsuit has been filed in India’s Supreme Court by a lawyer, seeking suspension of the new framework, arguing it was introduced without adequate statutory authority, transparency or safeguards for merchants and consumers. The Clothing Manufacturers Association of India, a grouping representing apparel manufacturers, said the change could not have come at “a more challenging time.” Consumer-facing businesses were trying to revive demand and improve margins, CMAI President Santosh Katariya said. Share market woes The new framework could challenge the economics of broking, Nithin Kamath, the chief executive of one of India’s largest retail stockbrokers, Zerodha, said in an X post. Capital-market transactions, including payments to stockbrokers, mutual funds and securities dealers, will attract a merchant fee of 0.02% of transaction value, capped at 300 rupees, as per the new rules. “If every UPI transfer starts carrying an additional cost, irrespective of whether the customer actually trades, I don’t see how we can absorb this indefinitely,” Kamath said. [...]

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
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JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU
November 20, 2025 5:25
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November 20, 2025 4:39
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Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR
November 20, 2025 4:38
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MQM-P calls for new province in Sindh
November 20, 2025 3:56
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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
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Banned TTP poses serious threat to Pakistan security: UNSC panel
November 20, 2025 10:24
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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... [...]

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Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone
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Security forces kill 23 Indian proxy terrorists in KP's Kurram
November 20, 2025 5:08
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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
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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
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Security forces neutralise four terrorists in KP IBOs
November 19, 2025 5:12
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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... [...]

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November 19, 2025 4:38
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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... [...]

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September 16, 2026 11:25
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وزیر خزانہ نے پانڈا بانڈز کو پائیدار مالیاتی ذرائع کی جانب اہم پیشرفت قرار دیدیا
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وزیر خزانہ نے پانڈا بانڈز کو پائیدار مالیاتی ذرائع کی جانب اہم پیشرفت قرار دیدیا

وفاقی وزیر خزانہ سینیٹر محمد اورنگزیب نےپانڈا بانڈ کو متنوع اور پائیدار مالیاتی ذرائع کی جانب اہم پیشرفت قرار دیدیا۔اسلام آباد میں... [...]

سہیل آفریدی کی وزیر آباد آمد، عظمیٰ بخاری نے سیف سٹی کیمرے کی ویڈیو شیئر کر دی
September 16, 2026 12:09
سہیل آفریدی کی وزیر آباد آمد، عظمیٰ بخاری نے سیف سٹی کیمرے کی ویڈیو شیئر کر دی

پنجاب کی وزیر اطلاعات عظمٰی بخاری نے وزیراعلیٰ کے پی سہیل آفریدی کی وزیر آباد آمد پر سیف سٹی کیمرے کی ویڈیو شیئر کر دی۔ ایک بیان میں... [...]

برکس اجلاس میں آفیشل ڈنر ’’ویجیٹرین فوڈ‘‘ رکھنے پر مودی سرکار کو تنقید کا سامنا
September 16, 2026 2:09
برکس اجلاس میں آفیشل ڈنر ’’ویجیٹرین فوڈ‘‘ رکھنے پر مودی سرکار کو تنقید کا سامنا

فوٹو: بھارتی میڈیاعالمی تنظیم برکس کے نئی دلی میں سربراہ اجلاس کے آفیشل ڈنر کو ’’ویجیٹرین فوڈ‘‘ تک محدود رکھنے پر مودی حکومت کو... [...]

امریکی حکام اور حوثی نمائندوں کی گزشتہ ہفتے عمان میں خفیہ ملاقات
September 16, 2026 2:09
امریکی حکام اور حوثی نمائندوں کی گزشتہ ہفتے عمان میں خفیہ ملاقات

امریکی حکام اور یمن کے حوثی نمائندوں کے درمیان گزشتہ ہفتے کے آخر میں عمان میں خفیہ ملاقات ہوئی۔ رائٹرز کے مطابق ملاقات سے باخبر 5... [...]

کینیڈا یورپی یونین کا یورپ سے باہر پہلا ایسوسی ایٹ ممبر ہوگا، صدر یورپی کمیشن
September 16, 2026 12:09
کینیڈا یورپی یونین کا یورپ سے باہر پہلا ایسوسی ایٹ ممبر ہوگا، صدر یورپی کمیشن

تصویر سوشل میڈیا۔کینیڈا یورپی یونین کا یورپ سے باہر پہلا ایسوسی ایٹ ممبر ہوگا۔ اس بات کا عندیہ یورپی کمیشن کی صدر ارسلا واندرلین نے... [...]

امریکا کی خلاء میں ہتھیار نصب کرنے کی تصدیق
September 16, 2026 12:09
امریکا کی خلاء میں ہتھیار نصب کرنے کی تصدیق

تصویر، بین الاقوامی میڈیاامریکی فوج نے خلاء میں ہتھیار نصب کرنے کی تصدیق کردی، میری لینڈ میں ایئر، اسپیس اینڈ سائبر کانفرنس میں... [...]

غزہ میں اسرائیلی حملے میں حماس کمانڈر نائل ابو عبيد شہید ہوگئے
September 16, 2026 12:09
غزہ میں اسرائیلی حملے میں حماس کمانڈر نائل ابو عبيد شہید ہوگئے

کمانڈر نائل ابو عبيد شہید۔غزہ میں اسرائیلی حملے میں حماس کمانڈر نائل ابو عبيد شہید ہوگئے۔ غزہ سے عرب میڈیا کے مطابق القسام بریگیڈ نے... [...]

کیا واٹس ایپ خاموشی سے میٹا اے آئی کو گروپس سے ہٹا رہا ہے؟
September 16, 2026 10:09
کیا واٹس ایپ خاموشی سے میٹا اے آئی کو گروپس سے ہٹا رہا ہے؟

---فائل فوٹو واٹس ایپ گروپس میں میٹا اے آئی کو ٹیگ کرنے کی سہولت بعض صارفین کے لیے کام کرنا بند ہو گئی ہے جس کے بعد یہ قیاس آرائیاں زور... [...]

جنوبی کوریا کی عدالت کا شمالی کوریا کو 3 کروڑ 25 لاکھ ڈالر ہرجانہ ادا کرنے کا حکم
September 16, 2026 9:09
جنوبی کوریا کی عدالت کا شمالی کوریا کو 3 کروڑ 25 لاکھ ڈالر ہرجانہ ادا کرنے کا حکم

---فائل فوٹوزجنوبی کوریا کے دارالحکومت سیول کی ضلعی عدالت نے شمالی کوریا کو 2020ء میں مشترکہ رابطہ دفتر دھماکے سے تباہ کرنے پر 3 کروڑ 25... [...]

ایران و امریکا تحمل کا مظاہرہ کریں: چینی وزیرِ خارجہ
September 16, 2026 9:09
ایران و امریکا تحمل کا مظاہرہ کریں: چینی وزیرِ خارجہ

—فوٹو بشکریہ غیر ملکی میڈیاچینی وزیرِ خارجہ وانگ ای نے ایران اور امریکا پر دانشمندانہ رویہ اختیار کرنے اور تحمل کا مظاہرہ کرنے پر... [...]

ایران: دورانِ پرواز طیارے کا ٹائر پھٹ گیا، شدید جھٹکوں سے سامان گر گیا، مسافروں میں خوف و ہراس
September 16, 2026 8:09
ایران: دورانِ پرواز طیارے کا ٹائر پھٹ گیا، شدید جھٹکوں سے سامان گر گیا، مسافروں میں خوف و ہراس

— اسکرین گریبایرانی ایئر لائنز کے طیارے کا دوران پرواز ٹائر پھٹ گیا، جس سے طیارے میں شدید جھٹکے لگے جبکہ انجن میں بھی خرابی پیدا ہو... [...]

امریکی شہری ایرانی حملوں کے پیشِ نظر سعودی عرب کے سفر پر نظر ثانی کریں: امریکی سفارتخانہ
September 16, 2026 8:09
امریکی شہری ایرانی حملوں کے پیشِ نظر سعودی عرب کے سفر پر نظر ثانی کریں: امریکی سفارتخانہ

— فائل فوٹوسعودی عرب میں امریکی سفارت خانے نے اپنے شہریوں کے لیے سفری ہدایات جاری کر دی ہیں۔امریکی سفارت خانے کی جانب سے کہا گیا ہے... [...]

بھارت: ڈیوٹی پر نہ آنے کے باوجود بھاری تنخواہ لینے والی رکنِ اسمبلی کی بھانجی مشکل میں پھنس گئی
September 16, 2026 8:09
بھارت: ڈیوٹی پر نہ آنے کے باوجود بھاری تنخواہ لینے والی رکنِ اسمبلی کی بھانجی مشکل میں پھنس گئی

---فوٹو بشکریہ بھارتی میڈیا بھارتی ریاست کرناٹک میں رکنِ اسمبلی امیش میٹی کی بھانجی کے خلاف سرکاری کلینک سے طویل غیر حاضری اور بیک... [...]

چین: ’گریویٹی-1‘ راکٹ نے بیک وقت 9 سیٹلائٹس سمندر سے خلاء میں پہنچا دیے
September 16, 2026 7:09
چین: ’گریویٹی-1‘ راکٹ نے بیک وقت 9 سیٹلائٹس سمندر سے خلاء میں پہنچا دیے

— فائل فوٹوچین کے تجارتی خلائی راکٹ گریویٹی-1 نے شنگھائی کی مشرقی سمندری حدود سے بیک وقت 9 سیٹلائٹس کو ان کے مقررہ مدار میں کامیابی... [...]

مصنوعی ذہانت سے 5 سال میں بڑی تباہی کا خدشہ ہے: گوگل کے محقق نے بھی انتباہ کیساتھ استعفیٰ دیدیا
September 16, 2026 6:09
مصنوعی ذہانت سے 5 سال میں بڑی تباہی کا خدشہ ہے: گوگل کے محقق نے بھی انتباہ کیساتھ استعفیٰ دیدیا

جوش اینگلز---فائل فوٹو مصنوعی ذہانت کے بڑھتے ہوئے خطرات پر تشویش کے درمیان گوگل ڈیپ مائنڈ کی مصنوعی عمومی ذہانت کی حفاظتی ٹیم سے... [...]

اے آئی کی رفتار کم کرنے سے چین پر امریکا کی برتری ختم ہو سکتی ہے: امریکی اسپیکر
September 16, 2026 6:09
اے آئی کی رفتار کم کرنے سے چین پر امریکا کی برتری ختم ہو سکتی ہے: امریکی اسپیکر

مائیک جانسن — فائل فوٹو امریکی ایوانِ نمائندگان کے اسپیکر مائیک جانسن نے مصنوعی ذہانت کی ترقی کی رفتار کم کرنے کی تجاویز مسترد کر... [...]

غزہ: اسرائیلی حملوں سے متاثرہ 6 منزلہ عمارت گر گئی، بچوں سمیت 21 فلسطینی شہید
September 16, 2026 6:09
غزہ: اسرائیلی حملوں سے متاثرہ 6 منزلہ عمارت گر گئی، بچوں سمیت 21 فلسطینی شہید

غزہ میں اسرائیلی حملوں سے متاثرہ 6 منزلہ عمارت گرنے سے 8 بچوں سمیت 21 فلسطینی شہید ہوگئے۔غزہ سول ڈیفنس کے مطابق مغربی غزہ میں... [...]

پی ایس ایکس 100 انڈیکس میں ایک ہزار 371 پوائنٹس کی کمی
September 16, 2026 2:09
پی ایس ایکس 100 انڈیکس میں ایک ہزار 371 پوائنٹس کی کمی

پاکستان اسٹاک ایسکچینج میں آج کاروباری حجم کم رہا اور شیئر بازار کا بینچ مارک 100 انڈیکس اعشاریہ آٹھ فیصد کم ہوا ہے۔ پاکستان اسٹاک... [...]

امریکی شرح سود فیصلے سے قبل عالمی بازار میں سونا مہنگا، پاکستان میں بھی اثرات
September 16, 2026 1:09
امریکی شرح سود فیصلے سے قبل عالمی بازار میں سونا مہنگا، پاکستان میں بھی اثرات

امریکی شرح سود فیصلے سے قبل سونے کے بھاؤ نے پلٹہ کھالیا۔ عالمی مارکیٹ میں سونا مہنگا ہونے کے باعث پاکستان میں بھی 7900 روپے تولہ اضافہ... [...]

رواں مالی سال کے آغاز پر بڑی صنعتوں کی پیداوار بڑھ گئی
September 16, 2026 11:09
رواں مالی سال کے آغاز پر بڑی صنعتوں کی پیداوار بڑھ گئی

  فائل فوٹو۔نئے مالی سال 2026-27 کے آغاز پر بڑی صنعتوں کی پیداوار میں اضافہ ہوا، جولائی 2026 میں بڑی صنعتوں کی پیداوار ماہانہ اور سالانہ... [...]

عالمی منڈی میں خام تیل کی قیمتوں میں اتار چڑھاؤ جاری
September 16, 2026 4:09
عالمی منڈی میں خام تیل کی قیمتوں میں اتار چڑھاؤ جاری

—فائل فوٹوامریکا و ایران کی جنگ کے باعث عالمی منڈی میں خام تیل کی قیمتوں میں اتار چڑھاؤ جاری ہے۔امریکی خام تیل کی قیمت 104 ڈالرز فی... [...]

پیٹرولیم مصنوعات کی قیمتوں میں آج بھی اضافہ کردیا گیا
September 15, 2026 5:09
پیٹرولیم مصنوعات کی قیمتوں میں آج بھی اضافہ کردیا گیا

آئندہ 24 گھنٹوں کےلیے پیٹرولیم مصنوعات کی نئی قیمتوں کا اعلان کردیا گیا۔اس حوالے سے جاری نوٹیفکیشن کے مطابق ڈیزل کی قیمت میں 6 روپے 41... [...]

پاکستان کا سعودی عرب کیساتھ تجارتی خسارہ 18.37 فیصد کم ہوگیا
September 15, 2026 2:09
پاکستان کا سعودی عرب کیساتھ تجارتی خسارہ 18.37 فیصد کم ہوگیا

پاکستان کا سعودی عرب کے ساتھ تجارتی خسارہ 2 ماہ میں 18.37 فیصد کم ہوگیا ہے۔ ذرائع کا کہنا ہے کہ جولائی اور اگست 2026 میں تجارتی خسارہ 47... [...]

ملک میں آج بھی سونا سستا ہو گیا
September 15, 2026 10:09
ملک میں آج بھی سونا سستا ہو گیا

---فائل فوٹوملک میں سونے کی قیمتوں میں کمی کا سلسلہ جاری ہے، آج بھی سونا سستا ہو گیا۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن... [...]

ڈیزل کی قیمتوں میں اضافے کی وجہ ٹرمپ ہیں: چک شومر
September 15, 2026 4:09
ڈیزل کی قیمتوں میں اضافے کی وجہ ٹرمپ ہیں: چک شومر

---فائل فوٹوزامریکی سینیٹر چک شومر نے ڈیزل کی ریکارڈ بلند قیمتوں کا الزام یوکرین پر عائد کرنے پر صدر ڈونلڈ ٹرمپ کو شدید تنقید کا نشانہ... [...]

سعودی عرب کی تیل کی اہم پائپ لائن بند، عالمی منڈی پر بڑا خطرہ منڈلانے لگا
September 15, 2026 4:09
سعودی عرب کی تیل کی اہم پائپ لائن بند، عالمی منڈی پر بڑا خطرہ منڈلانے لگا

---فوٹو بشکریہ غیر ملکی میڈیا سعودی عرب کی مشرق سے مغرب تک جانے والی اہم تیل پائپ لائن پر ڈرون حملے کے بعد اس کی ترسیل عارضی طور پر معطل... [...]

پشاور میں اشیائے خور و نوش مہنگی
September 15, 2026 4:09
پشاور میں اشیائے خور و نوش مہنگی

—فائل فوٹوپشاور میں اشیائے خور و نوش کی قیمتوں میں اضافہ ہو گیا۔پشاور کے ایک دکاندار کے مطابق چاول 360 روپے کلو سے بڑھ کر 380 روپے کلو... [...]

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September 14, 2026 12:09
امریکا میں ڈیزل کی فی گیلن قیمت تاریخ کی بلند ترین سطح پر

امریکا میں ڈیزل کی فی گیلن قیمت تاریخ کی بلند ترین سطح 6 اعشاریہ 2 ڈالر سے اوپر چلی گئی۔ عالمی منڈی میں خام تیل کی قیمتوں میں اتار... [...]

مانیٹری پالیسی: اسٹیٹ بینک کا شرحِ سود 11.50 فیصد پر برقرار رکھنے کا فیصلہ
September 14, 2026 10:09
مانیٹری پالیسی: اسٹیٹ بینک کا شرحِ سود 11.50 فیصد پر برقرار رکھنے کا فیصلہ

—فائل فوٹواسٹیٹ بینک کی مانیٹری پالیسی کمیٹی نے شرح سود ساڑھے 11 فیصد پر برقرار رکھنے کا فیصلہ کیا ہے۔ پالیسی اجلاس میں 10 اراکین میں... [...]

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September 14, 2026 9:09
ملک میں سونے کے بھاؤ میں کمی ریکارڈ

---فائل فوٹوملک میں سونے کی قیمتوں میں اتار چڑھاؤ کا سلسلہ جاری ہے، آج سونے کے بھاؤ میں کمی ریکارڈ کی گئی ہے۔آل پاکستان صرافہ جیمز... [...]

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September 14, 2026 9:09
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—فائل فوٹوپاکستان پیٹرولیم ڈیلرز ایسوسی ایشن نے فیول ریلیف اسکیم پر تشویش کا اظہار کرتے ہوئے کہا ہے کہ فیول ریلیف اسکیم پر عمل درآمد... [...]

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September 14, 2026 3:09
خام تیل کی قیمت 107 ڈالرز سے تجاوز کر گئی

---فائل فوٹو عالمی منڈی میں خام تیل کی قیمتوں میں 2 فیصد سے زائد اضافہ ہو گیا۔سعودی عرب میں اہم آئل پائپ لائن کی بندش اور خطے میں حوثیوں... [...]

My son has a potentially fatal genetic disease. What should I do with my $1.3 million estate?
September 16, 2026 5:00
My son has a potentially fatal genetic disease. What should I do with my $1.3 million estate?

“He is also the sole beneficiary of my 403(b) accounts.” [...]

Classic budgeting rules don’t work anymore — even if your household makes $100,000. Here’s what does.
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Classic budgeting rules don’t work anymore — even if your household makes $100,000. Here’s what does.

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  • About
    • Vision & Mission
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    • Details of Associated Companies
    • Management Rating
    • Auditors
    • Legal Advsor
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    • Online Trading
    • Details of Registered Agents
    • Mobile Trading
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    • Board of Directors
    • Directors Profile
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    • Audit Committee
    • Pattern of Shareholding
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    • NCB Auditors
    • Monthly LC
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      • PSX Complaint Link
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