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Rupee records gain against US dollar
November 4, 2026 3:03
Rupee records gain against US dollar

PKR vs USD Exchange Rate Chart @import url('https://fonts.googleapis.com/css2?family=Plus+Jakarta+Sans:wght@400;500;600;700&display=swap'); #pkr-chart-embed { font-family: 'Plus Jakarta Sans', -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, sans-serif; max-width: 1000px; width: 100%; margin: 24px auto; background-color: #ffffff; border: 1px solid #e2e8f0; border-radius: 20px; padding: 24px; box-shadow: 0 10px 25px -5px rgba(15, 23, 42, 0.05), 0 8px 10px -6px rgba(15, 23, 42, 0.05); color: #0f172a; box-sizing: border-box; } #pkr-chart-embed * { box-sizing: border-box; margin: 0; padding: 0; } #pkr-chart-embed .chart-header { display: flex; flex-direction: column; gap: 20px; margin-bottom: 20px; width: 100%; } #pkr-chart-embed .top-row { display: flex; flex-direction: row; justify-content: space-between; align-items: flex-start; gap: 20px; } #pkr-chart-embed .calculator-area { display: flex; flex-direction: column; gap: 8px; align-items: flex-start; } #pkr-chart-embed .main-title { font-size: 22px; font-weight: 700; color: #0f172a; letter-spacing: -0.025em; display: flex; flex-wrap: wrap; align-items: center; gap: 10px; } #pkr-chart-embed .currency-badge { font-size: 11px; font-weight: 600; color: #4f46e5; background-color: rgba(79, 70, 229, 0.08); padding: 3px 10px; border-radius: 9999px; border: 1px solid rgba(79, 70, 229, 0.15); text-transform: uppercase; } #pkr-chart-embed .calculator-title { font-size: 10px; font-weight: 700; color: #64748b; text-transform: uppercase; letter-spacing: 0.05em; } #pkr-chart-embed .converter { display: flex; align-items: center; background: #f8fafc; border: 1px solid #e2e8f0; border-radius: 12px; padding: 4px; gap: 6px; } #pkr-chart-embed .converter-group { display: flex; align-items: center; background: #ffffff; border-radius: 8px; padding: 6px 10px; box-shadow: 0 1px 2px rgba(15, 23, 42, 0.05); border: 1px solid #e2e8f0; } #pkr-chart-embed .converter-input { border: none; outline: none; width: 90px; font-family: inherit; font-weight: 700; color: #0f172a; font-size: 14px; text-align: right; background: transparent; } #pkr-chart-embed .converter-input.pkr-field { width: 120px; } #pkr-chart-embed .converter-label { font-size: 11px; font-weight: 700; color: #64748b; margin-left: 6px; } #pkr-chart-embed .equals-sign { color: #94a3b8; font-weight: 600; font-size: 16px; } #pkr-chart-embed .rate-badge-container { display: flex; flex-direction: column; align-items: flex-end; gap: 6px; } #pkr-chart-embed .rate-label-sub { text-align: right; } #pkr-chart-embed .rate-label-sub span:first-child { display: block; font-size: 9px; text-transform: uppercase; font-weight: 700; color: #64748b; } #pkr-chart-embed .rate-label-sub span:last-child { display: block; font-size: 12px; color: #334155; font-weight: 600; } #pkr-chart-embed .rate-badge { display: inline-flex; align-items: center; gap: 8px; background: linear-gradient(135deg, #4f46e5, #3b82f6); color: #ffffff; font-weight: 700; font-size: 14px; padding: 8px 14px; border-radius: 12px; box-shadow: 0 8px 16px -3px rgba(79, 70, 229, 0.25); } #pkr-chart-embed .pulse-dot { width: 8px; height: 8px; border-radius: 50%; background-color: #ffffff; animation: pkrPulse 1.5s infinite; } @keyframes pkrPulse { 0% { transform: scale(0.95); opacity: 0.6; } 50% { transform: scale(1.15); opacity: 1; } 100% { transform: scale(0.95); opacity: 0.6; } } #pkr-chart-embed .toolbar { display: flex; justify-content: space-between; align-items: center; flex-wrap: wrap; gap: 12px; margin-bottom: 16px; padding-bottom: 12px; border-bottom: 1px solid #f1f5f9; } #pkr-chart-embed .timeframe-selector { display: flex; gap: 4px; background: #f1f5f9; padding: 3px; border-radius: 10px; } #pkr-chart-embed .tf-btn { border: none; background: transparent; font-family: inherit; font-size: 12px; font-weight: 600; color: #64748b; padding: 5px 12px; border-radius: 7px; cursor: pointer; transition: all 0.2s ease; } #pkr-chart-embed .tf-btn.active { background: #ffffff; color: #4f46e5; box-shadow: 0 1px 3px rgba(0,0,0,0.1); } #pkr-chart-embed .stats-row { display: flex; gap: 16px; flex-wrap: wrap; } #pkr-chart-embed .stat-item { font-size: 12px; color: #64748b; } #pkr-chart-embed .stat-item strong { color: #0f172a; font-weight: 700; } #pkr-chart-embed .chart-canvas-container { position: relative; width: 100%; height: 380px; } @media (max-width: 768px) { #pkr-chart-embed .chart-canvas-container { height: 300px; } #pkr-chart-embed .top-row { flex-direction: column; align-items: flex-start; } #pkr-chart-embed .rate-badge-container { align-items: flex-start; } #pkr-chart-embed .rate-label-sub { text-align: left; } #pkr-chart-embed .toolbar { flex-direction: column; align-items: flex-start; } } PKR vs USD Exchange Rate USD / PKR Calculator USD = PKR Latest Closing 04-Nov-26 276.70 PKR 1M 3M 6M 1Y ALL High: -- Low: -- Avg: -- Change: -- (function() { // Historical closing rate dataset updated with 04-Nov-26 const rawLabels = ["04-Mar-25", "05-Mar-25", "06-Mar-25", "07-Mar-25", "10-Mar-25", "11-Mar-25", "12-Mar-25", "13-Mar-25", "14-Mar-25", "17-Mar-25", "18-Mar-25", "19-Mar-25", "20-Mar-25", "21-Mar-25", "24-Mar-25", "25-Mar-25", "26-Mar-25", "27-Mar-25", "28-Mar-25", "03-Apr-25", "04-Apr-25", "07-Apr-25", "08-Apr-25", "09-Apr-25", "10-Apr-25", "11-Apr-25", "14-Apr-25", "15-Apr-25", "16-Apr-25", "17-Apr-25", "18-Apr-25", "21-Apr-25", "22-Apr-25", "23-Apr-25", "24-Apr-25", "25-Apr-25", "28-Apr-25", "29-Apr-25", "30-Apr-25", "02-May-25", "05-May-25", "06-May-25", "07-May-25", "08-May-25", "09-May-25", "12-May-25", "13-May-25", "14-May-25", "15-May-25", "16-May-25", "19-May-25", "20-May-25", "21-May-25", "22-May-25", "23-May-25", "26-May-25", "27-May-25", "29-May-25", "30-May-25", "02-Jun-25", "03-Jun-25", "04-Jun-25", "05-Jun-25", "10-Jun-25", "11-Jun-25", "12-Jun-25", "13-Jun-25", "16-Jun-25", "17-Jun-25", "18-Jun-25", "19-Jun-25", "20-Jun-25", "23-Jun-25", "24-Jun-25", "25-Jun-25", "26-Jun-25", "27-Jun-25", "30-Jun-25", "02-Jul-25", "03-Jul-25", "04-Jul-25", "07-Jul-25", "08-Jul-25", "09-Jul-25", "10-Jul-25", "11-Jul-25", "14-Jul-25", "15-Jul-25", "16-Jul-25", "17-Jul-25", "18-Jul-25", "21-Jul-25", "22-Jul-25", "23-Jul-25", "24-Jul-25", "25-Jul-25", "28-Jul-25", "29-Jul-25", "30-Jul-25", "31-Jul-25", "01-Aug-25", "04-Aug-25", "05-Aug-25", "06-Aug-25", "07-Aug-25", "08-Aug-25", "11-Aug-25", "12-Aug-25", "13-Aug-25", "15-Aug-25", "18-Aug-25", "19-Aug-25", "20-Aug-25", "21-Aug-25", "22-Aug-25", "25-Aug-25", "26-Aug-25", "27-Aug-25", "28-Aug-25", "29-Aug-25", "01-Sep-25", "02-Sep-25", "03-Sep-25", "04-Sep-25", "05-Sep-25", "08-Sep-25", "09-Sep-25", "10-Sep-25", "11-Sep-25", "12-Sep-25", "15-Sep-25", "16-Sep-25", "17-Sep-25", "18-Sep-25", "19-Sep-25", "21-Sep-25", "22-Sep-25", "23-Sep-25", "24-Sep-25", "25-Sep-25", "26-Sep-25", "29-Sep-25", "30-Sep-25", "01-Oct-25", "02-Oct-25", "03-Oct-25", "06-Oct-25", "07-Oct-25", "08-Oct-25", "09-Oct-25", "10-Oct-25", "13-Oct-25", "14-Oct-25", "15-Oct-25", "16-Oct-25", "17-Oct-25", "20-Oct-25", "21-Oct-25", "22-Oct-25", "23-Oct-25", "24-Oct-25", "27-Oct-25", "28-Oct-25", "29-Oct-25", "30-Oct-25", "31-Oct-25", "03-Nov-25", "04-Nov-25", "05-Nov-25", "06-Nov-25", "07-Nov-25", "10-Nov-25", "11-Nov-25", "12-Nov-25", "13-Nov-25", "14-Nov-25", "17-Nov-25", "18-Nov-25", "19-Nov-25", "20-Nov-25", "21-Nov-25", "24-Nov-25", "25-Nov-25", "26-Nov-25", "27-Nov-25", "28-Nov-25", "01-Dec-25", "02-Dec-25", "03-Dec-25", "04-Dec-25", "05-Dec-25", "08-Dec-25", "09-Dec-25", "10-Dec-25", "11-Dec-25", "12-Dec-25", "15-Dec-25", "16-Dec-25", "17-Dec-25", "18-Dec-25", "19-Dec-25", "22-Dec-25", "23-Dec-25", "24-Dec-25", "26-Dec-25", "29-Dec-25", "30-Dec-25", "31-Dec-25", "02-Jan-26", "05-Jan-26", "06-Jan-26", "07-Jan-26", "08-Jan-26", "09-Jan-26", "12-Jan-26", "13-Jan-26", "14-Jan-26", "15-Jan-26", "16-Jan-26", "19-Jan-26", "20-Jan-26", "21-Jan-26", "22-Jan-26", "23-Jan-26", "26-Jan-26", "27-Jan-26", "28-Jan-26", "29-Jan-26", "30-Jan-26", "02-Feb-26", "03-Feb-26", "04-Feb-26", "06-Feb-26", "09-Feb-26", "10-Feb-26", "11-Feb-26", "12-Feb-26", "13-Feb-26", "16-Feb-26", "17-Feb-26", "18-Feb-26", "20-Feb-26", "23-Feb-26", "24-Feb-26", "25-Feb-26", "26-Feb-26", "27-Feb-26", "02-Mar-26", "03-Mar-26", "04-Mar-26", "05-Mar-26", "06-Mar-26", "09-Mar-26", "10-Mar-26", "11-Mar-26", "12-Mar-26", "13-Mar-26", "16-Mar-26", "17-Mar-26", "18-Mar-26", "19-Mar-26", "24-Mar-26", "25-Mar-26", "26-Mar-26", "27-Mar-26", "30-Mar-26", "31-Mar-26", "01-Apr-26", "02-Apr-26", "03-Apr-26", "04-Apr-26", "06-Apr-26", "07-Apr-26", "08-Apr-26", "09-Apr-26", "10-Apr-26", "13-Apr-26", "14-Apr-26", "14-Apr-26", "15-Apr-26", "16-Apr-26", "17-Apr-26", "20-Apr-26", "21-Apr-26", "22-Apr-26", "23-Apr-26", "24-Apr-26", "27-Apr-26", "28-Apr-26", "29-Apr-26", "30-Apr-26", "04-May-26", "05-May-26", "06-May-26", "07-May-26", "08-May-26", "11-May-26", "12-May-26", "13-May-26", "14-May-26", "15-May-26", "18-May-26", "19-May-26", "20-May-26", "21-May-26", "22-May-26", "25-May-26", "29-May-26", "01-Jun-26", "02-Jun-26", "03-Jun-26", "04-Jun-26", "05-Jun-26", "08-Jun-26", "09-Jun-26", "10-Jun-26", "11-Jun-26", "12-Jun-26", "15-Jun-26", "16-Jun-26", "17-Jun-26", "18-Jun-26", "19-Jun-26", "22-Jun-26", "23-Jun-26", "24-Jun-26", "29-Jun-26", "30-Jun-26", "02-Jul-26", "03-Jul-26", "06-Jul-26", "07-Jul-26", "08-Jul-26", "09-Jul-26", "10-Jul-26", "13-Jul-26", "14-Jul-26", "15-Jul-26", "16-Jul-26", "17-Jul-26", "20-Jul-26", "21-Jul-26", "22-Jul-26", "23-Jul-26", "24-Jul-26", "27-Jul-26", "28-Jul-26", "29-Jul-26", "30-Jul-26", "03-Aug-26", "04-Aug-26", "05-Aug-26", "06-Aug-26", "07-Aug-26", "10-Aug-26", "11-Aug-26", "12-Aug-26", "13-Aug-26", "17-Aug-26", "18-Aug-26", "20-Aug-26", "21-Aug-26", "24-Aug-26", "25-Aug-26", "27-Aug-26", "28-Aug-26", "31-Aug-26", "01-Sep-26", "02-Sep-26", "03-Sep-26", "04-Sep-26", "07-Sep-26", "08-Sep-26", "09-Sep-26", "10-Sep-26", "11-Sep-26", "14-Sep-26", "15-Sep-26", "16-Sep-26", "17-Sep-26", "18-Sep-26", "21-Sep-26", "22-Sep-26", "23-Sep-26", "24-Sep-26", "25-Sep-26", "28-Sep-26", "29-Sep-26", "30-Sep-26", "01-Oct-26", "02-Oct-26", "05-Oct-26", "06-Oct-26", "07-Oct-26", "08-Oct-26", "09-Oct-26", "12-Oct-26", "13-Oct-26", "14-Oct-26", "15-Oct-26", "16-Oct-26", "19-Oct-26", "20-Oct-26", "21-Oct-26", "22-Oct-26", "23-Oct-26", "26-Oct-26", "27-Oct-26", "28-Oct-26", "29-Oct-26", "30-Oct-26", "02-Nov-26", "03-Nov-26", "04-Nov-26"]; const rawData = [279.77, 279.87, 279.82, 279.97, 280.07, 279.95, 279.97, 280.05, 280.21, 280.17, 280.27, 280.21, 280.22, 280.26, 280.37, 280.42, 280.26, 280.22, 280.16, 280.56, 280.47, 280.57, 280.73, 280.78, 280.56, 280.47, 280.60, 280.57, 280.46, 280.62, 280.72, 280.87, 280.77, 280.97, 281.07, 280.97, 281.07, 281.02, 280.97, 281.06, 281.22, 281.37, 281.47, 281.52, 281.71, 281.57, 281.67, 281.72, 281.61, 281.66, 281.77, 281.92, 281.97, 282.06, 281.97, 282.06, 282.17, 282.07, 282.02, 281.97, 282.12, 282.22, 282.17, 282.21, 282.47, 282.67, 282.96, 283.17, 283.41, 283.55, 283.64, 283.70, 283.87, 283.77, 283.72, 283.67, 283.72, 283.76, 283.95, 283.86, 283.97, 284.22, 284.36, 284.47, 284.56, 284.46, 284.72, 284.67, 284.96, 284.97, 284.87, 284.95, 284.97, 284.76, 284.22, 283.45, 283.21, 283.05, 282.95, 282.87, 282.66, 282.57, 282.67, 282.56, 282.47, 282.45, 282.42, 282.22, 282.06, 282.01, 281.96, 281.95, 281.92, 281.90, 281.87, 281.86, 281.83, 281.80, 281.77, 281.75, 281.72, 281.71, 281.67, 281.65, 281.62, 281.61, 281.60, 281.56, 281.55, 281.52, 281.51, 281.50, 281.47, 281.46, 281.45, 281.46, 281.42, 281.43, 281.41, 281.37, 281.35, 281.32, 281.31, 281.27, 281.26, 281.25, 281.22, 281.21, 281.20, 281.17, 281.16, 281.15, 281.12, 281.11, 281.10, 281.07, 281.06, 281.05, 281.03, 281.02, 281.01, 280.97, 280.96, 280.92, 280.91, 280.90, 280.87, 280.86, 280.85, 280.82, 280.81, 280.78, 280.77, 280.76, 280.72, 280.71, 280.67, 280.66, 280.66, 280.65, 280.62, 280.61, 280.57, 280.56, 280.55, 280.52, 280.51, 280.47, 280.46, 280.45, 280.42, 280.41, 280.40, 280.37, 280.36, 280.32, 280.31, 280.30, 280.27, 280.26, 280.25, 280.22, 280.21, 280.20, 280.17, 280.16, 280.15, 280.12, 280.11, 280.10, 280.07, 280.06, 280.05, 280.02, 280.01, 280.00, 279.97, 279.96, 279.95, 279.92, 279.91, 279.90, 279.87, 279.86, 279.85, 279.82, 279.81, 279.80, 279.77, 279.76, 279.75, 279.72, 279.71, 279.70, 279.67, 279.66, 279.65, 279.62, 279.61, 279.60, 279.57, 279.56, 279.55, 279.52, 279.51, 279.50, 279.47, 279.46, 279.45, 279.42, 279.41, 279.40, 279.37, 279.36, 279.35, 279.32, 279.31, 279.30, 279.27, 279.26, 279.25, 279.22, 279.21, 279.20, 279.17, 279.16, 279.15, 279.12, 279.11, 279.10, 279.07, 279.06, 279.05, 279.02, 279.01, 279.00, 278.97, 278.96, 278.95, 278.92, 278.91, 278.90, 278.87, 278.86, 278.85, 278.82, 278.81, 278.80, 278.77, 278.76, 278.75, 278.72, 278.71, 278.70, 278.67, 278.66, 278.65, 278.62, 278.61, 278.60, 278.57, 278.56, 278.55, 278.52, 278.51, 278.50, 278.47, 278.46, 278.45, 278.42, 278.41, 278.40, 278.37, 278.36, 278.35, 278.32, 278.31, 278.30, 278.27, 278.26, 278.25, 278.22, 278.21, 278.20, 278.17, 278.16, 278.15, 278.12, 278.11, 278.10, 278.07, 278.06, 278.05, 278.02, 278.01, 278.00, 277.95, 277.95, 277.92, 277.91, 277.90, 277.87, 277.86, 277.85, 277.82, 277.81, 277.80, 277.77, 277.76, 277.75, 277.72, 277.71, 277.70, 277.67, 277.66, 277.65, 277.62, 277.61, 277.57, 277.56, 277.55, 277.52, 277.51, 277.50, 277.47, 277.46, 277.45, 277.42, 277.41, 277.40, 277.37, 277.36, 277.35, 277.32, 277.31, 277.30, 277.27, 277.26, 277.25, 277.22, 277.21, 277.20, 277.17, 277.16, 277.15, 277.12, 277.11, 277.10, 277.07, 277.06, 277.05, 277.02, 277.01, 277.00, 276.97, 276.96, 276.95, 276.92, 276.91, 276.90, 276.87, 276.86, 276.85, 276.82, 276.81, 276.80, 276.77, 276.76, 276.75, 276.72, 276.71, 276.70]; const currentExchangeRate = rawData[rawData.length - 1]; const usdInput = document.getElementById('usdInput'); const pkrInput = document.getElementById('pkrInput'); const latestBadgeRate = document.getElementById('latestBadgeRate'); const latestDateLabel = document.getElementById('latestDateLabel'); const statHigh = document.getElementById('statHigh'); const statLow = document.getElementById('statLow'); const statAvg = document.getElementById('statAvg'); const statChange = document.getElementById('statChange'); const tfBtns = document.querySelectorAll('.tf-btn'); if (latestDateLabel) latestDateLabel.textContent = rawLabels[rawLabels.length - 1]; if (latestBadgeRate) latestBadgeRate.textContent = `${currentExchangeRate.toFixed(2)} PKR`; if (pkrInput) pkrInput.value = (1 * currentExchangeRate).toFixed(2); if (usdInput && pkrInput) { usdInput.addEventListener('input', function() { const val = parseFloat(this.value); pkrInput.value = !isNaN(val) ? (val * currentExchangeRate).toFixed(2) : ''; }); pkrInput.addEventListener('input', function() { const val = parseFloat(this.value); usdInput.value = !isNaN(val) ? (val / currentExchangeRate).toFixed(2) : ''; }); } const ctx = document.getElementById('closingRatesChart').getContext('2d'); const gradient = ctx.createLinearGradient(0, 0, 0, 300); gradient.addColorStop(0, 'rgba(79, 70, 229, 0.25)'); gradient.addColorStop(1, 'rgba(79, 70, 229, 0.0)'); let chart = new Chart(ctx, { type: 'line', data: { labels: rawLabels, datasets: [{ label: 'USD / PKR Rate', data: rawData, borderColor: '#4f46e5', borderWidth: 2, pointRadius: 0, pointHoverRadius: 5, pointHoverBackgroundColor: '#4f46e5', fill: true, backgroundColor: gradient, tension: 0.2 }] }, options: { responsive: true, maintainAspectRatio: false, plugins: { legend: { display: false }, tooltip: { mode: 'index', intersect: false, backgroundColor: '#0f172a', titleFont: { family: "'Plus Jakarta Sans', sans-serif", size: 12 }, bodyFont: { family: "'Plus Jakarta Sans', sans-serif", size: 13, weight: 'bold' }, padding: 10, cornerRadius: 8, callbacks: { label: function(context) { return ` Rate: ${context.parsed.y.toFixed(2)} PKR`; } } } }, scales: { x: { grid: { display: false }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', maxTicksLimit: 8 } }, y: { grid: { color: '#f1f5f9' }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', callback: function(val) { return val.toFixed(2); } } } } } }); function updateStats(filteredData) { if (!filteredData || filteredData.length === 0) return; const max = Math.max(...filteredData); const min = Math.min(...filteredData); const sum = filteredData.reduce((acc, curr) => acc + curr, 0); const avg = sum / filteredData.length; const first = filteredData[0]; const last = filteredData[filteredData.length - 1]; const diff = last - first; const pct = ((diff / first) * 100).toFixed(2); statHigh.textContent = max.toFixed(2); statLow.textContent = min.toFixed(2); statAvg.textContent = avg.toFixed(2); statChange.textContent = `${diff >= 0 ? '+' : ''}${diff.toFixed(2)} (${diff >= 0 ? '+' : ''}${pct}%)`; statChange.style.color = diff >= 0 ? '#10b981' : '#ef4444'; } function filterData(days) { if (days === 'all') { chart.data.labels = rawLabels; chart.data.datasets[0].data = rawData; updateStats(rawData); } else { const count = parseInt(days, 10); chart.data.labels = rawLabels.slice(-count); chart.data.datasets[0].data = rawData.slice(-count); updateStats(rawData.slice(-count)); } chart.update(); } tfBtns.forEach(btn => { btn.addEventListener('click', function() { tfBtns.forEach(b => b.classList.remove('active')); this.classList.add('active'); filterData(this.getAttribute('data-range')); }); }); updateStats(rawData); })(); (function () { var me = document.currentScript || document.scripts[document.scripts.length - 1]; var wrapper = me && me.closest('.raw-html-embed-wrapper'); var source = wrapper && wrapper.querySelector('script.raw-html-source'); if (!source || wrapper._rawHtmlMounted) return; wrapper._rawHtmlMounted = true; // position:sticky breaks under any overflow:hidden ancestor. "clip" hides the same overflow // without creating a scroll container. for (var a = wrapper.parentElement; a; a = a.parentElement) { var cs = getComputedStyle(a); if (cs.overflowX === 'hidden') a.style.overflowX = 'clip'; if (cs.overflowY === 'hidden') a.style.overflowY = 'clip'; } // Undo the server-side escaping of closing script tags / comment openers. var html = source.textContent.replace(/ window.innerHeight; if (pinned) { stage.style.position = 'sticky'; stage.style.top = '0'; fillScreen(stage); track.style.height = h + 'px'; max = Math.max(0, h - frame.clientHeight); } else { // Grow only: vh-based content would otherwise shrink with its own frame, forever. fitH = Math.max(fitH, h); stage.style.position = 'static'; stage.style.height = fitH + 'px'; track.style.height = 'auto'; max = 0; } sync(true); } // inside the frame would only scroll the (non-scrollable) frame. Scroll the page instead. function onAnchorClick(e) { var link = e.target.closest && e.target.closest('a[href^="#"]'); if (!link || e.defaultPrevented) return; var id = link.getAttribute('href').slice(1); try { id = decodeURIComponent(id); } catch (x) { } var target = id ? doc.getElementById(id) : null; if (id && !target) return; e.preventDefault(); var inFrame = target ? target.getBoundingClientRect().top + win.scrollY : 0; window.scrollTo({ top: track.getBoundingClientRect().top + window.scrollY + (pinned ? Math.min(inFrame, max) : inFrame), behavior: 'smooth' }); } frame.addEventListener('load', function () { try { win = frame.contentWindow; doc = win.document; var ro = new win.ResizeObserver(measure); // created in the frame's realm ro.observe(doc.documentElement); if (doc.body) ro.observe(doc.body); doc.addEventListener('click', onAnchorClick); measure(); } catch (e) { // No script access to the frame: fall back to a plain scrollable frame. win = null; frame.removeAttribute('scrolling'); stage.style.position = 'static'; fillScreen(stage); track.style.height = 'auto'; } }); fillScreen(stage); fillScreen(track); // placeholder until the frame has loaded and been measured window.addEventListener('scroll', function () { sync(false); }, { passive: true }); window.addEventListener('resize', measure); stage.appendChild(frame); track.appendChild(stage); wrapper.appendChild(track); })(); The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Wednesday. The local unit closed the day at 276.70, a gain of Re0.01 against the greenback. On Tuesday, the rupee had closed at 276.71 against the dollar. Globally, a sweeping victory by Democrats in the US midterm elections sent the dollar lower on Wednesday, as investors ​weighed the prospect of tighter AI regulation and its potential drag on economic growth. Several major currencies gained versus the dollar, ‌with the euro and sterling trading at their highest levels in nearly two weeks and seven weeks, respectively. Democrats captured majorities in both the Senate and the House, even prevailing in states that have long been conservative bastions, stoking fears that opposition to data centres may gather fresh momentum. That also raised concerns about the potential hit to ​the US economy, given how much US growth has been tied to AI-related spending. A slowdown in growth could dampen the dollar’s ​appeal and reduce the need for interest rate hikes, which typically support a currency. The dollar index , which measures the ⁠US currency against a basket of six peers, fell to a one-month low and was last trading at 101.39. The euro ​gained 0.53% to $1.1251, while the British pound rose 0.55% to $1.3485. The yen and the Swiss franc , both safe-haven currencies, were also stronger. Against the Swiss ​franc , the dollar weakened 0.44% to 0.8169. It fell 0.17% against the yen, to 158.43 per dollar. The 10-year Treasury yield dropped 1.7 basis points to 4.933%. Oil prices, a key indicator of currency parity, were down more than $3 a ​barrel on Wednesday in volatile trading as investors awaited Washington’s next move in the US-Israeli war with Iran ‌after President Donald Trump’s Republican Party lost control of Congress in midterm elections. Brent futures were down $3.20, or 3.09%, to $100.40 a barrel at 1417 GMT. US West Texas Intermediate crude futures were down $3.01, or 3.13%, to $93.08. Inter-bank market rates for dollar on Wednesday BID Rs 276.70 OFFER Rs 276.90 Open-market movement In the open market, the PKR gained 3 paise for buying and 19 paise for selling against USD, closing at 277.35 and 278.48, respectively. Against Euro, the PKR lost 1.40 rupee for buying and 1.45 rupee for selling, closing at 311.37 and 314.23, respectively. Against UAE Dirham, the PKR gained 2 paise for buying and remained unchanged for selling, closing at 75.58 and 76.18, respectively. Against Saudi Riyal, the PKR gained 1 paisa for both buying and selling, closing at 73.92 and 74.44, respectively. Open-market rates for dollar on Wednesday BID Rs 277.35 OFFER Rs 278.48 [...]

Gold price per tola gains Rs13,900 in Pakistan
November 4, 2026 2:03
Gold price per tola gains Rs13,900 in Pakistan

Gold prices in Pakistan increased on Wednesday in line with their gain in the international market. In the local market, the gold price per tola reached Rs426,036 after gaining Rs13,900 during the day. Similarly, 10-gram gold was sold at 365,257 after it increased by Rs11,917, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola remained unchanged at Rs412,136. The international rate of gold was up by $139 to reach $4,035 per ounce on Wednesday. Meanwhile, the price of silver increased by Rs295 to reach Rs5,663 per tola. [...]

PSX: KSE-100 accumulates nearly 4,000 points as investors bet on US midterms, Iran talks
November 4, 2026 2:01
PSX: KSE-100 accumulates nearly 4,000 points as investors bet on US midterms, Iran talks

The Pakistan Stock Exchange (PSX) witnessed a strong bullish session on Wednesday, with the benchmark KSE-100 Index gaining nearly 4,000 points amid institutional buying and improving sentiment over geopolitical developments following US midterm election results. The benchmark index opened on a positive note and maintained its upward momentum throughout the session. It initially surged sharply, crossing 170,000 before witnessing some consolidation and a brief dip around 11am. However, buying interest returned around midday, allowing the index to resume its upward trajectory. The rally gained further momentum, with the benchmark extending its gains and approaching the intraday high of 172,286.99 towards the end of the session. At close, the KSE-100 Index settled at 172,013.48, up 3,994.62 points or 2.38%. “Buying has mainly come from institutions, particularly mutual funds, which is driving the interest we are seeing,” Sana Tawfik, Head of Research at Arif Habib Limited (AHL), told Business Recorder. “Secondly, oil prices had risen to around $103 and have stabilised at that level, which has also helped sentiment,” she added. Globally, the analyst said, the US market is closely watching geopolitical developments. “One is the US election, where the unofficial numbers coming in so far show a visible shift. The other is the US-Iran talks, where the US has sent a draft. All these factors together are supporting the market at the moment.” Similarly, Saad Hanif, Head of Research at Ismail Iqbal Securities, said that the rally is partly tied to the US midterm elections. “Investors read a Democratic sweep as positive for regional geopolitics, expecting a more measured approach from Washington and a stronger preference for negotiation over confrontation in the region. “That outlook is feeding expectations of lower global oil prices and easing inflation, which is a favourable backdrop for Pakistan’s market and has lifted sentiment, taking the PSX up 4,000 points,” he said. Topline Securities, in its post-market report, said the positive momentum was primarily driven by optimism surrounding potential progress in US-Iran diplomatic negotiations, relative stability in international oil prices, and renewed accumulation in heavyweight stocks. “Buying activity remained broad-based, with key sectors, including commercial banks, fertilisers, cement and energy, attracting significant investor interest. Overall, the session reflected an improvement in market sentiment and a strengthening risk appetite among investors,” it said. On the contribution front, UBL, FFC, HUBC, LUCK and NBP emerged as the leading positive contributors, collectively adding approximately 1,215 points to the benchmark index and providing substantial support to the market’s overall performance, Topline reported. On Tuesday, PSX rallied as easing international crude oil prices and optimism over potential negotiations between the United States and Iran improved investor sentiment. The KSE-100 Index advanced by 1,454.80 points, or 0.87%, to close at 168,018.87 points. Globally, US stock futures slumped, Treasuries rallied, and the dollar softened on Wednesday as Democrats notched early Senate wins, fuelling bets they could wrest control of the chamber from President Donald Trump’s ​Republicans, though the outcome remained uncertain. In North Carolina, former Governor Roy Cooper easily defeated ‌Trump-backed Republican Michael Whatley to flip a Republican-held Senate seat, according to media projections, handing Democrats one of the four net gains they need to secure a majority. Democrat Jon Ossoff won re-election in Georgia. Democrats are favoured to capture the House, while the fight for the Senate ​remains a closely contested state-by-state battle, keeping investors on edge as they gauge the implications for Washington’s balance ​of power. Prediction markets signalled ​growing expectations of a Democratic sweep of the US Congress, with more than $1.48 billion wagered on the midterm elections in a ​fresh test for the novel markets. Futures for the S&P 500 slid 0.8% while Nasdaq futures fell 1.8%. The yield on the benchmark US 10-year Treasury note fell 6 basis points to 4.906%. Tuesday’s outcome could hold broad implications for market-sensitive areas including the AI dead-centre buildout, the US fiscal outlook, defence spending ​and regulation in areas such as healthcare, banking and cryptocurrencies. In Asia, stocks reversed earlier gains to trade lower ​as investors brushed off strong ​earnings from chipmaker AMD ⁠that appeared to ease some concerns over the durability of the AI trade. The forecast and market-beating third-quarter results offered a strong counterpoint to mounting fears that the AI boom ​is losing steam after rival Intel issued a weak outlook last week. MSCI’s broadest index of Asia-Pacific ​shares outside Japan fell ⁠0.5%. South Korea’s KOSPI slid 1.6% while Japan’s Nikkei fell 3% after returning from a holiday. Meanwhile, the Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Wednesday. The local unit closed the day at 276.70, a gain of Re0.01 against the greenback. Volume on the all-share index increased to 841.61 million from 517.34 million recorded in the previous close. The value of shares rose to Rs35.39 billion from Rs20.70 billion in the previous session. TPL Properties was the volume leader with 67.85 million shares, followed by B.O.Punjab with 58.20 million shares, and K-Electric Ltd. with 57.36 million shares. Shares of 499 companies were traded on Wednesday, of which 368 registered an increase, 103 recorded a fall, and 28 remained unchanged. [...]

Dubai leads Gulf gains as investors assess US midterm fallout and Iran standoff
November 4, 2026 1:43
Dubai leads Gulf gains as investors assess US midterm fallout and Iran standoff

Most Gulf markets closed higher on Wednesday, with Dubai leading regional gains as investors assessed the US midterm fallout and looked to Washington’s next move in the Iran war. US President Donald Trump conceded that the Iran war contributed to his party’s crushing midterm losses, which handed Democrats control of both the House and the Senate. Dubai’s main share index jumped 4%, with top lender Emirates NBD surging 6.1% and blue-chip developer Emaar Properties increasing 4.4%. The property giant is offering to buy all Emaar Development shares it doesn’t already own, at AED 15 per share in cash, through its wholly owned unit, Emirates Property Holdings. Emaar Development shares rose 4.9%. Saudi Arabia’s benchmark index gained 1.7%, lifted by a 2.2% rise in Al Rajhi Bank. The US carried out “defensive” strikes on Iran’s Qeshm island targeting surface-to-air missiles used against US assets, a US official said on Tuesday. Another official said the strikes appeared limited and did not signal a return to major combat operations. Trump suggested in a Tuesday interview with the Financial Times that he was satisfied with the current standoff with Iran. Sentiment strengthened on progress in mediation efforts, while reports that the US is unlikely to take military action helped anchor gains. Solid domestic fundamentals and the ongoing third-quarter earnings season continued to provide a supportive backdrop, signalling resilience in the economy, said Hani Abuagla, Senior Market Analyst at XTB MENA. In Qatar, the index leapt 2.8%, with almost all its constituents in positive territory, including the Gulf’s biggest lender Qatar National Bank , which was up 5.3%. Doha announced on Tuesday that Washington and Tehran remain dedicated to mediation and are examining proposals meant to close the distance between them. Qatari officials also reported recent progress in discussions with each side, and efforts to shrink the differences between them are still underway. The Abu Dhabi index gave up early gains to finish flat. Outside the Gulf, Egypt’s blue-chip index concluded 2.8% higher. Egypt’s Foreign Minister Badr Abdelatty told Iranian counterpart Abbas Araqchi that all sides must show flexibility, pursue a political solution to the regional crisis, and maintain restraint to avoid military escalation, Egypt’s foreign ministry said on Tuesday. Saudi Arabia rose 1.7% to 10,039 Abu Dhabi finished flat at 9,461 Dubai jumped 4% to 6,041 Qatar gained 2.8% to 9,884 Egypt leapt 2.8% to 50,650 Bahrain was up 0.5% to 8,919 Oman increased 0.5% to 7,261 Kuwait added 0.5% to 8,919 [...]

India's BSE posts higher second-quarter profit
November 4, 2026 12:49
India's BSE posts higher second-quarter profit

BENGALURU: India’s BSE Ltd reported a 45% rise in second-quarter profit on Wednesday, amid market share gains in the derivatives segment. The stock exchange operator posted a consolidated net profit of 8.09 billion rupees ($85.42 million) for the quarter ended September 30, a jump from 5.58 billion rupees a year earlier. Indian stocks post longest winning streak in nearly 5 months on FPI inflow hopes [...]

Copper rebounds from 3-month low as tightness offsets tariff, AI fears
November 4, 2026 11:47
Copper rebounds from 3-month low as tightness offsets tariff, AI fears

LONDON: Copper prices rebounded on Wednesday from their weakest in three months as initial fears about the impact of the US election on tariffs and AI data centres were offset by healthy demand and shortages outside the US. Benchmark three-month copper on the London Metal Exchange was up 0.5% at $14,103 a metric ton by 1115 GMT. It earlier fell as much as 1.5% to its lowest since August 3. The sharp losses were a knee-jerk reaction to the results of the US elections on Tuesday, in which Democrats seized control of both the Senate and House of Representatives, said Ole Hansen, head of commodity strategy at Saxo Bank. “You could initially think that copper could be the one to be hurt the most since the market may lower its expectations for tariffs,” he said. “They may also focus on the AI trade given how data centres suddenly became such a big issue in the final part of the election.” The prospect of US tariffs on refined copper has spurred a large flow of metal to the US, creating shortages elsewhere and propping up prices, but any announcement that tariffs would not be imposed would free up that overhang and weigh on the market. President Donald Trump has been a big supporter of the AI sector, which is expected to give a boost to copper demand from its use in infrastructure, but growing numbers of communities are opposing data centres. Copper prices were supported, however, by continuing firm demand and shortages in top metals consumer China. The Yangshan copper premium, a gauge of demand for imported metal, remained near $200 a ton — its highest in more than a decade. Also boosting the metals market was a recovery in global stock markets and a weaker dollar index, making commodities priced in the US currency cheaper for buyers using other currencies. Among other metals, aluminium gained 1% to $3,075 a ton, zinc rose 1.3% to $3,839, lead added 0.3% to $1,890, nickel advanced 2.2% to $15,685 and tin rose 0.9% to $47,850. [...]

Financial stocks lift Sri Lankan shares higher
November 4, 2026 11:29
Financial stocks lift Sri Lankan shares higher

Sri Lankan shares closed higher on Wednesday, led by financial stocks. The CSE All-Share index settled 2.09% higher at 20,541.12 points Commercial Bank of Ceylon PLC, Dialog Axiata PLC and Hatton National Bank PLC were among the biggest boosts to the index, up 1.8%, 2.5% and 1.9%, respectively. Trading volume on the index rose to 119.5 million shares from 61.9 million shares in the previous session. The equity market’s turnover rose to 3.87 billion Sri Lankan rupees ($11.64 million) from 1.52 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 158.8 million rupees, while domestic investors were net buyers, purchasing shares worth 3.84 billion rupees, the data showed. [...]

Palm hits four-month low on expectations of record October stocks
November 4, 2026 11:25
Palm hits four-month low on expectations of record October stocks

KUALA LUMPUR: Malaysian palm oil futures extended losses for a third straight session on Wednesday, falling to a four-month low, as expectations of record-high stockpiles and weaker Dalian palm olein pressured the market. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 55 ringgit, or 1.21%, to 4,496 ringgit ($1,104.67) a metric ton, the lowest closing price since July 3. The market continued to trade with a bearish tone after polls on Tuesday estimated palm oil end-stocks likely reached a record high last month, a Kuala Lumpur-based trader said. Malaysia’s palm oil inventories were projected to have risen 6.8% from September’s record 3.51 million tons to 3.75 million tons, a Reuters survey showed. “Overnight weakness in Dalian palm olein, partly pressured by the decline in crude palm oil futures, added to the negative sentiment,” the trader said. Dalian’s most-active soyoil contract fell 1.45%, while its palm oil contract shed 2.91%. Soyoil prices on the Chicago Board of Trade were down 0.64%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices rose in a volatile session as investors awaited Washington’s next move in the US-Israeli war on Iran, after Democrats captured control of Congress from President Donald Trump’s Republicans in the midterm elections. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit, palm’s currency of trade, strengthened 0.34% against the dollar, making the commodity slightly more expensive for buyers holding foreign currencies. [...]

Oil falls on Iran war uncertainty, US Democrats' midterm sweep
November 4, 2026 11:22
Oil falls on Iran war uncertainty, US Democrats' midterm sweep

LONDON:  Oil prices fell on Wednesday in a volatile session as investors awaited Washington’s next move in the US-Israeli war on Iran, after Democrats captured control of Congress from President Donald Trump’s Republicans in the midterm elections. Brent futures fell $1.75, or 0.7%, to $101.85 a barrel at 1034 GMT, falling $2 earlier in the session. US West Texas Intermediate crude futures fell $1.18, or 1.2%, to $94.91. Both had risen $1 earlier. In the previous session, Brent settled at its lowest level in nearly four weeks as traders weighed talks to end the wars in Ukraine and Iran. President Donald Trump acknowledged that the US-Israeli war on Iran played a role in his party’s sweeping defeat in the midterm elections, as Democrats won control of the House of Representatives and the Senate. “President Trump’s conflicting signals, with military strikes continuing alongside statements downplaying further escalation, have made it difficult for traders to build strong directional conviction,” said Priyanka Sachdeva, head of market insights at Phillip Nova, adding that profit-taking and a reduction in speculative long positions were justified after the sharp rally in October. The US had carried out “defensive” strikes on Iran’s Qeshm Island targeting surface-to-air missiles used against US assets, a US official said on Tuesday. Iran, US still far apart on deal; Trump says ready but in no hurry for strikes Markets remained on watch for any progress in talks to end the US-Israeli war with Iran, as Qatar stepped up mediation efforts to avert an escalation of attacks after the US elections. A senior Iranian official told Reuters on Tuesday that Iran and the United States remain far from a deal to end their war. US President Donald Trump told the Financial Times on Tuesday that the United States had no immediate plans to strike Iran. Meanwhile flows of crude, condensate and refined products, excluding LPG, averaged 17.1 million barrels per day in October, according to ship-tracking data from Vortexa, marking a drop from 18.9 million bpd in September but still representing roughly three-quarters of pre-war levels. “The continued recovery in crude shipments from the Middle East has begun to weigh on physical cargo prices, potentially helping to accelerate the normalisation of refining margins and, ultimately, lower fuel prices,” said Saxo Bank analyst Ole Hansen. “However, for consumers to feel the full benefit, refined product exports from Middle Eastern refineries must also recover. So far, this is one area where the rebound in flows remains notably subdued, suggesting that relief at the pump may take longer to materialise.” Iran sees only unacceptable ideas in latest mediation to end war, official says In the US, crude stocks fell by 5.27 million barrels in the week ended October 30, market sources said on Wednesday, citing data from the American Petroleum Institute. Eight analysts polled by Reuters had expected, on average, a rise of about 880,000 barrels in crude inventories. Official data from the US Energy Information Administration is due at 10:30 a.m. EST (1530 GMT) on Wednesday. [...]

Indian stocks post longest winning streak in nearly 5 months on FPI inflow hopes
November 4, 2026 11:15
Indian stocks post longest winning streak in nearly 5 months on FPI inflow hopes

Indian share benchmarks posted their longest winning streak in nearly five months on Wednesday, on optimism over foreign fund inflows, while the focus was also on US midterm election results that are set to change the political landscape in the world’s largest economy. A Democratic win in US midterm elections is being seen as a scathing rebuke to President Donald Trump, whose administration’s global tariff policy and decision to go to war in the Middle East also contributed to the Indian market’s underperformance this year. India is negotiating a trade deal with the US, while Trump has imposed restrictions on Indian talent with curbs on H-1B and student visas. “This victory does not mean that the party (Democrats) will be able to implement its program. Indeed, the US President retains a veto, which is likely to block any legislation with which he disagrees,” said Nabil Milali, portfolio manager, multi-asset & overlay at Edmond de Rothschild AM. The Nifty 50 rose 0.63% to 23,960.6 and the BSE Sensex added 0.5% to 77,301.4. They have risen about 5.6% in five sessions. Foreign investors bought Indian shares worth $821 million since the beginning of November, trimming their net outflows this year to $30.59 billion. All major sectors, barring information technology, rose. The broader small-caps and mid-caps added 2% and 1.6%, respectively. Nifty IT index lost 1.5%, with top-two software exporters Tata Consultancy Services and Infosys dropping 2.5% and 1.7%, respectively. Three analysts said a possible effect of the Democrats’ win could be a potential slowdown in AI spending, which could help the $315 billion sector that has been disrupted by the rapid AI development. Wednesday’s selling in IT stocks is likely some caution due to the changing political landscape in the US, their key market, said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities. “Investors could be booking profits after strong gains last month and rotating funds into other sectors on signs of a broad-based recovery in Indian equities.” Brent crude futures fell 1% to $102.5 per barrel as investors awaited Washington’s next move in the US-Israeli war on Iran. [...]

Indian rupee ends a tad higher as dollar slips after US midterms
November 4, 2026 10:12
Indian rupee ends a tad higher as dollar slips after US midterms

MUMBAI: The Indian rupee ended modestly higher on Wednesday, aided by a weaker dollar and lower oil prices as investors assessed the impact of US midterm election results, while a Reuters poll showed expectations for depreciation of South Asian unit remained intact. The Indian rupee closed at 94.64 per dollar, up slightly from its close at 94.74 in the previous session. Democrats captured majorities in both the Senate and House on Wednesday, scoring sweeping victories that reached deep into Republican strongholds as tens of millions of voters delivered a scathing rebuke to President Donald Trump. The dollar index, which measures the greenback against a basket of six major peers, was down 0.4% at 101.3 with currencies like the euro, sterling and Swiss franc leading gains. The rupee also touched a two-week high in early trading before trimming gains as importer and interbank dollar bids gathered steam around the 94.50 mark. “It seems like selling USD/INR is bit of a risky endeavour at the moment since dips have very limited staying power at these levels,” a trader at a state-run lender said. A majority of analysts polled by Reuters expect the rupee give up its recent gains and slip again over the next few months as a volatile external environment continues to pressure the currency. While a series of policy measures rolled out by the Reserve Bank of India since the Iran war began has supported the currency, elevated oil prices and weak portfolio flows remain key risks. “The RBI has done what a central bank can do. It has intervened heavily, restricted currency markets, raised around $143 billion through a deposit and borrowing scheme and raised interest rates. These measures have avoided a disorderly collapse and bought time,” Natixis said in a note. “None of them addresses the causes of the weakness. A central bank cannot create export capacity, manufacturing investment or energy independence. Only structural reform can,” the note added. [...]

PSX to remain closed on November 9
November 4, 2026 8:31
PSX to remain closed on November 9

The Pakistan Stock Exchange Limited (PSX) will remain closed on Monday, November 9, 2026, on account of Allama Iqbal Day. “All TRE Certificate Holders, staff and concerned are hereby informed that Pakistan Stock Exchange Limited will remain closed on Monday, November 9, 2026, being a national holiday on account of Allama Iqbal Day,” read the notice. Earlier, the State Bank of Pakistan (SBP) announced that it will remain closed on Monday on the occasion of “Allama Iqbal Day”, as declared by the Government of Pakistan. [...]

Europe set to open lower as Democratic sweep fuels AI regulation fears
November 4, 2026 7:59
Europe set to open lower as Democratic sweep fuels AI regulation fears

European shares were likely to open lower on Wednesday, with tech stocks in focus after Democrats won control of both chambers of the US Congress, fuelling concerns that tighter AI regulation could dampen investment in a sector that has driven much of the recent rally. Futures tracking the STOXX 600 were down about 0.2% by 0639 GMT, having recouped some losses following a 1.4% slide during Asian trade. Contracts tracking the German DAX dipped about 0.2%, while those of UK’s FTSE 100 lost 0.4%. Democrats captured majorities in both the Senate and House on Tuesday, scoring victories in conservative bastions including South Carolina and Texas, delivering a scathing rebuke to US President Donald Trump. The result weighed on global equities, as investors feared that stricter oversight of data centre construction, which has already faced resistance in the US, could make AI companies more cautious about spending on the technology. While technology companies account for only about 7% of the STOXX index, the sector has posted the third-strongest gains so far this year, behind energy and chemicals, supported by robust demand for AI infrastructure. Companies linked to AI-related spending, including equipment makers such as Siemens Energy and Schneider Electric will also be in focus. Elsewhere, Novo Nordisk is likely to gain attention after the Wegovy maker reported third-quarter adjusted operating profit above expectations and raised its full-year sales and profit forecasts. Investors will keep a close eye on the broader healthcare sector as they weigh prospects of increased US regulation around drug pricing. ‑ [...]

BMW reports lower Q3 earnings as restructuring spells more pain towards end of year
November 4, 2026 6:59
BMW reports lower Q3 earnings as restructuring spells more pain towards end of year

BERLIN: BMW’s pre-tax earnings fell in line with expectations in the third quarter ​with hefty restructuring charges looming towards the ‌end of the year, forcing another cut to its outlook as it grapples with the weak China ​market. The German car maker reported quarterly ​pre-tax earnings of €2.1 billion ($2.36 billion), falling 11% ⁠on the previous year, as forecast by ​analysts in a company-provided consensus. The operating margin in ​BMW’s core automotive business narrowed to 3.4%, beating analysts’ forecast of 3.1% but down from 5.2% a year ​earlier. BMW reports second-quarter earnings slump as it cuts jobs “Current developments in our industry call for ​decisiveness and swift implementation. We will therefore specifically intensify ‌and ⁠accelerate structural measures,” CEO Milan Nedeljkovic said. BMW scrapped its profit guidance on Tuesday evening for the second time in less than five months, now ​forecasting a ​core operating ⁠margin of between -0.5% and 0.5% this year, crashing from the double ​digits it posted five years ago. The ​adjustment ⁠was linked to costs expected in the fourth quarter from a restructuring programme, including 8,000 layoffs ⁠in ​Germany. The company said it plans ​to leverage momentum for the programme to reduce management functions ​faster. [...]

Vietnam raises $419.7 million in government bond auction
November 4, 2026 6:43
Vietnam raises $419.7 million in government bond auction

HANOI: Vietnam’s State Treasury raised 10.8 trillion dong ($419.7 million) in its weekly government bond auction on Wednesday, down from the revised $874 million raised last week. The uptake was slightly lower, with 86% of the bonds on offer sold, compared with 87% last week, according to a Hanoi Stock Exchange filing. [...]

Rupee records gain against US dollar
November 4, 2026 3:03
Rupee records gain against US dollar

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font-weight: 700; color: #0f172a; font-size: 14px; text-align: right; background: transparent; } #pkr-chart-embed .converter-input.pkr-field { width: 120px; } #pkr-chart-embed .converter-label { font-size: 11px; font-weight: 700; color: #64748b; margin-left: 6px; } #pkr-chart-embed .equals-sign { color: #94a3b8; font-weight: 600; font-size: 16px; } #pkr-chart-embed .rate-badge-container { display: flex; flex-direction: column; align-items: flex-end; gap: 6px; } #pkr-chart-embed .rate-label-sub { text-align: right; } #pkr-chart-embed .rate-label-sub span:first-child { display: block; font-size: 9px; text-transform: uppercase; font-weight: 700; color: #64748b; } #pkr-chart-embed .rate-label-sub span:last-child { display: block; font-size: 12px; color: #334155; font-weight: 600; } #pkr-chart-embed .rate-badge { display: inline-flex; align-items: center; gap: 8px; background: linear-gradient(135deg, #4f46e5, #3b82f6); color: #ffffff; font-weight: 700; font-size: 14px; padding: 8px 14px; border-radius: 12px; box-shadow: 0 8px 16px -3px rgba(79, 70, 229, 0.25); } #pkr-chart-embed .pulse-dot { width: 8px; height: 8px; border-radius: 50%; background-color: #ffffff; animation: pkrPulse 1.5s infinite; } @keyframes pkrPulse { 0% { transform: scale(0.95); opacity: 0.6; } 50% { transform: scale(1.15); opacity: 1; } 100% { transform: scale(0.95); opacity: 0.6; } } #pkr-chart-embed .toolbar { display: flex; justify-content: space-between; align-items: center; flex-wrap: wrap; gap: 12px; margin-bottom: 16px; padding-bottom: 12px; border-bottom: 1px solid #f1f5f9; } #pkr-chart-embed .timeframe-selector { display: flex; gap: 4px; background: #f1f5f9; padding: 3px; border-radius: 10px; } #pkr-chart-embed .tf-btn { border: none; background: transparent; font-family: inherit; font-size: 12px; font-weight: 600; color: #64748b; padding: 5px 12px; border-radius: 7px; cursor: pointer; transition: all 0.2s ease; } #pkr-chart-embed .tf-btn.active { background: #ffffff; color: #4f46e5; box-shadow: 0 1px 3px rgba(0,0,0,0.1); } #pkr-chart-embed .stats-row { display: flex; gap: 16px; flex-wrap: wrap; } #pkr-chart-embed .stat-item { font-size: 12px; color: #64748b; } #pkr-chart-embed .stat-item strong { color: #0f172a; font-weight: 700; } #pkr-chart-embed .chart-canvas-container { position: relative; width: 100%; height: 380px; } @media (max-width: 768px) { #pkr-chart-embed .chart-canvas-container { height: 300px; } #pkr-chart-embed .top-row { flex-direction: column; align-items: flex-start; } #pkr-chart-embed .rate-badge-container { align-items: flex-start; } #pkr-chart-embed .rate-label-sub { text-align: left; } #pkr-chart-embed .toolbar { flex-direction: column; align-items: flex-start; } } PKR vs USD Exchange Rate USD / PKR Calculator USD = PKR Latest Closing 04-Nov-26 276.70 PKR 1M 3M 6M 1Y ALL High: -- Low: -- Avg: -- Change: -- (function() { // Historical closing rate dataset updated with 04-Nov-26 const rawLabels = ["04-Mar-25", "05-Mar-25", "06-Mar-25", "07-Mar-25", "10-Mar-25", "11-Mar-25", "12-Mar-25", "13-Mar-25", "14-Mar-25", "17-Mar-25", "18-Mar-25", "19-Mar-25", "20-Mar-25", "21-Mar-25", "24-Mar-25", "25-Mar-25", "26-Mar-25", "27-Mar-25", "28-Mar-25", "03-Apr-25", "04-Apr-25", "07-Apr-25", "08-Apr-25", "09-Apr-25", "10-Apr-25", "11-Apr-25", "14-Apr-25", "15-Apr-25", "16-Apr-25", "17-Apr-25", "18-Apr-25", "21-Apr-25", "22-Apr-25", "23-Apr-25", "24-Apr-25", "25-Apr-25", "28-Apr-25", "29-Apr-25", "30-Apr-25", "02-May-25", "05-May-25", "06-May-25", "07-May-25", "08-May-25", "09-May-25", "12-May-25", "13-May-25", "14-May-25", "15-May-25", "16-May-25", "19-May-25", "20-May-25", "21-May-25", "22-May-25", "23-May-25", "26-May-25", "27-May-25", "29-May-25", "30-May-25", "02-Jun-25", "03-Jun-25", "04-Jun-25", "05-Jun-25", "10-Jun-25", "11-Jun-25", "12-Jun-25", "13-Jun-25", "16-Jun-25", "17-Jun-25", "18-Jun-25", "19-Jun-25", "20-Jun-25", "23-Jun-25", "24-Jun-25", "25-Jun-25", "26-Jun-25", "27-Jun-25", "30-Jun-25", "02-Jul-25", "03-Jul-25", "04-Jul-25", "07-Jul-25", "08-Jul-25", "09-Jul-25", "10-Jul-25", "11-Jul-25", "14-Jul-25", "15-Jul-25", "16-Jul-25", "17-Jul-25", "18-Jul-25", "21-Jul-25", "22-Jul-25", "23-Jul-25", "24-Jul-25", "25-Jul-25", "28-Jul-25", "29-Jul-25", "30-Jul-25", "31-Jul-25", "01-Aug-25", "04-Aug-25", "05-Aug-25", "06-Aug-25", "07-Aug-25", "08-Aug-25", "11-Aug-25", "12-Aug-25", "13-Aug-25", "15-Aug-25", "18-Aug-25", "19-Aug-25", "20-Aug-25", "21-Aug-25", "22-Aug-25", "25-Aug-25", "26-Aug-25", "27-Aug-25", "28-Aug-25", "29-Aug-25", "01-Sep-25", "02-Sep-25", "03-Sep-25", "04-Sep-25", "05-Sep-25", "08-Sep-25", "09-Sep-25", "10-Sep-25", "11-Sep-25", "12-Sep-25", "15-Sep-25", "16-Sep-25", "17-Sep-25", "18-Sep-25", "19-Sep-25", "21-Sep-25", "22-Sep-25", "23-Sep-25", "24-Sep-25", "25-Sep-25", "26-Sep-25", "29-Sep-25", "30-Sep-25", "01-Oct-25", "02-Oct-25", "03-Oct-25", "06-Oct-25", "07-Oct-25", "08-Oct-25", "09-Oct-25", "10-Oct-25", "13-Oct-25", "14-Oct-25", "15-Oct-25", "16-Oct-25", "17-Oct-25", "20-Oct-25", "21-Oct-25", "22-Oct-25", "23-Oct-25", "24-Oct-25", "27-Oct-25", "28-Oct-25", "29-Oct-25", "30-Oct-25", "31-Oct-25", "03-Nov-25", "04-Nov-25", "05-Nov-25", "06-Nov-25", "07-Nov-25", "10-Nov-25", "11-Nov-25", "12-Nov-25", "13-Nov-25", "14-Nov-25", "17-Nov-25", "18-Nov-25", "19-Nov-25", "20-Nov-25", "21-Nov-25", "24-Nov-25", "25-Nov-25", "26-Nov-25", "27-Nov-25", "28-Nov-25", "01-Dec-25", "02-Dec-25", "03-Dec-25", "04-Dec-25", "05-Dec-25", "08-Dec-25", "09-Dec-25", "10-Dec-25", "11-Dec-25", "12-Dec-25", "15-Dec-25", "16-Dec-25", "17-Dec-25", "18-Dec-25", "19-Dec-25", "22-Dec-25", "23-Dec-25", "24-Dec-25", "26-Dec-25", "29-Dec-25", "30-Dec-25", "31-Dec-25", "02-Jan-26", "05-Jan-26", "06-Jan-26", "07-Jan-26", "08-Jan-26", "09-Jan-26", "12-Jan-26", "13-Jan-26", "14-Jan-26", "15-Jan-26", "16-Jan-26", "19-Jan-26", "20-Jan-26", "21-Jan-26", "22-Jan-26", "23-Jan-26", "26-Jan-26", "27-Jan-26", "28-Jan-26", "29-Jan-26", "30-Jan-26", "02-Feb-26", "03-Feb-26", "04-Feb-26", "06-Feb-26", "09-Feb-26", "10-Feb-26", "11-Feb-26", "12-Feb-26", "13-Feb-26", "16-Feb-26", "17-Feb-26", "18-Feb-26", "20-Feb-26", "23-Feb-26", "24-Feb-26", "25-Feb-26", "26-Feb-26", "27-Feb-26", "02-Mar-26", "03-Mar-26", "04-Mar-26", "05-Mar-26", "06-Mar-26", "09-Mar-26", "10-Mar-26", "11-Mar-26", "12-Mar-26", "13-Mar-26", "16-Mar-26", "17-Mar-26", "18-Mar-26", "19-Mar-26", "24-Mar-26", "25-Mar-26", "26-Mar-26", "27-Mar-26", "30-Mar-26", "31-Mar-26", "01-Apr-26", "02-Apr-26", "03-Apr-26", "04-Apr-26", "06-Apr-26", "07-Apr-26", "08-Apr-26", "09-Apr-26", "10-Apr-26", "13-Apr-26", "14-Apr-26", "14-Apr-26", "15-Apr-26", "16-Apr-26", "17-Apr-26", "20-Apr-26", "21-Apr-26", "22-Apr-26", "23-Apr-26", "24-Apr-26", "27-Apr-26", "28-Apr-26", "29-Apr-26", "30-Apr-26", "04-May-26", "05-May-26", "06-May-26", "07-May-26", "08-May-26", "11-May-26", "12-May-26", "13-May-26", "14-May-26", "15-May-26", "18-May-26", "19-May-26", "20-May-26", "21-May-26", "22-May-26", "25-May-26", "29-May-26", "01-Jun-26", "02-Jun-26", "03-Jun-26", "04-Jun-26", "05-Jun-26", "08-Jun-26", "09-Jun-26", "10-Jun-26", "11-Jun-26", "12-Jun-26", "15-Jun-26", "16-Jun-26", "17-Jun-26", "18-Jun-26", "19-Jun-26", "22-Jun-26", "23-Jun-26", "24-Jun-26", "29-Jun-26", "30-Jun-26", "02-Jul-26", "03-Jul-26", "06-Jul-26", "07-Jul-26", "08-Jul-26", "09-Jul-26", "10-Jul-26", "13-Jul-26", "14-Jul-26", "15-Jul-26", "16-Jul-26", "17-Jul-26", "20-Jul-26", "21-Jul-26", "22-Jul-26", "23-Jul-26", "24-Jul-26", "27-Jul-26", "28-Jul-26", "29-Jul-26", "30-Jul-26", "03-Aug-26", "04-Aug-26", "05-Aug-26", "06-Aug-26", "07-Aug-26", "10-Aug-26", "11-Aug-26", "12-Aug-26", "13-Aug-26", "17-Aug-26", "18-Aug-26", "20-Aug-26", "21-Aug-26", "24-Aug-26", "25-Aug-26", "27-Aug-26", "28-Aug-26", "31-Aug-26", "01-Sep-26", "02-Sep-26", "03-Sep-26", "04-Sep-26", "07-Sep-26", "08-Sep-26", "09-Sep-26", "10-Sep-26", "11-Sep-26", "14-Sep-26", "15-Sep-26", "16-Sep-26", "17-Sep-26", "18-Sep-26", "21-Sep-26", "22-Sep-26", "23-Sep-26", "24-Sep-26", "25-Sep-26", "28-Sep-26", "29-Sep-26", "30-Sep-26", "01-Oct-26", "02-Oct-26", "05-Oct-26", "06-Oct-26", "07-Oct-26", "08-Oct-26", "09-Oct-26", "12-Oct-26", "13-Oct-26", "14-Oct-26", "15-Oct-26", "16-Oct-26", "19-Oct-26", "20-Oct-26", "21-Oct-26", "22-Oct-26", "23-Oct-26", "26-Oct-26", "27-Oct-26", "28-Oct-26", "29-Oct-26", "30-Oct-26", "02-Nov-26", "03-Nov-26", "04-Nov-26"]; const rawData = [279.77, 279.87, 279.82, 279.97, 280.07, 279.95, 279.97, 280.05, 280.21, 280.17, 280.27, 280.21, 280.22, 280.26, 280.37, 280.42, 280.26, 280.22, 280.16, 280.56, 280.47, 280.57, 280.73, 280.78, 280.56, 280.47, 280.60, 280.57, 280.46, 280.62, 280.72, 280.87, 280.77, 280.97, 281.07, 280.97, 281.07, 281.02, 280.97, 281.06, 281.22, 281.37, 281.47, 281.52, 281.71, 281.57, 281.67, 281.72, 281.61, 281.66, 281.77, 281.92, 281.97, 282.06, 281.97, 282.06, 282.17, 282.07, 282.02, 281.97, 282.12, 282.22, 282.17, 282.21, 282.47, 282.67, 282.96, 283.17, 283.41, 283.55, 283.64, 283.70, 283.87, 283.77, 283.72, 283.67, 283.72, 283.76, 283.95, 283.86, 283.97, 284.22, 284.36, 284.47, 284.56, 284.46, 284.72, 284.67, 284.96, 284.97, 284.87, 284.95, 284.97, 284.76, 284.22, 283.45, 283.21, 283.05, 282.95, 282.87, 282.66, 282.57, 282.67, 282.56, 282.47, 282.45, 282.42, 282.22, 282.06, 282.01, 281.96, 281.95, 281.92, 281.90, 281.87, 281.86, 281.83, 281.80, 281.77, 281.75, 281.72, 281.71, 281.67, 281.65, 281.62, 281.61, 281.60, 281.56, 281.55, 281.52, 281.51, 281.50, 281.47, 281.46, 281.45, 281.46, 281.42, 281.43, 281.41, 281.37, 281.35, 281.32, 281.31, 281.27, 281.26, 281.25, 281.22, 281.21, 281.20, 281.17, 281.16, 281.15, 281.12, 281.11, 281.10, 281.07, 281.06, 281.05, 281.03, 281.02, 281.01, 280.97, 280.96, 280.92, 280.91, 280.90, 280.87, 280.86, 280.85, 280.82, 280.81, 280.78, 280.77, 280.76, 280.72, 280.71, 280.67, 280.66, 280.66, 280.65, 280.62, 280.61, 280.57, 280.56, 280.55, 280.52, 280.51, 280.47, 280.46, 280.45, 280.42, 280.41, 280.40, 280.37, 280.36, 280.32, 280.31, 280.30, 280.27, 280.26, 280.25, 280.22, 280.21, 280.20, 280.17, 280.16, 280.15, 280.12, 280.11, 280.10, 280.07, 280.06, 280.05, 280.02, 280.01, 280.00, 279.97, 279.96, 279.95, 279.92, 279.91, 279.90, 279.87, 279.86, 279.85, 279.82, 279.81, 279.80, 279.77, 279.76, 279.75, 279.72, 279.71, 279.70, 279.67, 279.66, 279.65, 279.62, 279.61, 279.60, 279.57, 279.56, 279.55, 279.52, 279.51, 279.50, 279.47, 279.46, 279.45, 279.42, 279.41, 279.40, 279.37, 279.36, 279.35, 279.32, 279.31, 279.30, 279.27, 279.26, 279.25, 279.22, 279.21, 279.20, 279.17, 279.16, 279.15, 279.12, 279.11, 279.10, 279.07, 279.06, 279.05, 279.02, 279.01, 279.00, 278.97, 278.96, 278.95, 278.92, 278.91, 278.90, 278.87, 278.86, 278.85, 278.82, 278.81, 278.80, 278.77, 278.76, 278.75, 278.72, 278.71, 278.70, 278.67, 278.66, 278.65, 278.62, 278.61, 278.60, 278.57, 278.56, 278.55, 278.52, 278.51, 278.50, 278.47, 278.46, 278.45, 278.42, 278.41, 278.40, 278.37, 278.36, 278.35, 278.32, 278.31, 278.30, 278.27, 278.26, 278.25, 278.22, 278.21, 278.20, 278.17, 278.16, 278.15, 278.12, 278.11, 278.10, 278.07, 278.06, 278.05, 278.02, 278.01, 278.00, 277.95, 277.95, 277.92, 277.91, 277.90, 277.87, 277.86, 277.85, 277.82, 277.81, 277.80, 277.77, 277.76, 277.75, 277.72, 277.71, 277.70, 277.67, 277.66, 277.65, 277.62, 277.61, 277.57, 277.56, 277.55, 277.52, 277.51, 277.50, 277.47, 277.46, 277.45, 277.42, 277.41, 277.40, 277.37, 277.36, 277.35, 277.32, 277.31, 277.30, 277.27, 277.26, 277.25, 277.22, 277.21, 277.20, 277.17, 277.16, 277.15, 277.12, 277.11, 277.10, 277.07, 277.06, 277.05, 277.02, 277.01, 277.00, 276.97, 276.96, 276.95, 276.92, 276.91, 276.90, 276.87, 276.86, 276.85, 276.82, 276.81, 276.80, 276.77, 276.76, 276.75, 276.72, 276.71, 276.70]; const currentExchangeRate = rawData[rawData.length - 1]; const usdInput = document.getElementById('usdInput'); const pkrInput = document.getElementById('pkrInput'); const latestBadgeRate = document.getElementById('latestBadgeRate'); const latestDateLabel = document.getElementById('latestDateLabel'); const statHigh = document.getElementById('statHigh'); const statLow = document.getElementById('statLow'); const statAvg = document.getElementById('statAvg'); const statChange = document.getElementById('statChange'); const tfBtns = document.querySelectorAll('.tf-btn'); if (latestDateLabel) latestDateLabel.textContent = rawLabels[rawLabels.length - 1]; if (latestBadgeRate) latestBadgeRate.textContent = `${currentExchangeRate.toFixed(2)} PKR`; if (pkrInput) pkrInput.value = (1 * currentExchangeRate).toFixed(2); if (usdInput && pkrInput) { usdInput.addEventListener('input', function() { const val = parseFloat(this.value); pkrInput.value = !isNaN(val) ? (val * currentExchangeRate).toFixed(2) : ''; }); pkrInput.addEventListener('input', function() { const val = parseFloat(this.value); usdInput.value = !isNaN(val) ? (val / currentExchangeRate).toFixed(2) : ''; }); } const ctx = document.getElementById('closingRatesChart').getContext('2d'); const gradient = ctx.createLinearGradient(0, 0, 0, 300); gradient.addColorStop(0, 'rgba(79, 70, 229, 0.25)'); gradient.addColorStop(1, 'rgba(79, 70, 229, 0.0)'); let chart = new Chart(ctx, { type: 'line', data: { labels: rawLabels, datasets: [{ label: 'USD / PKR Rate', data: rawData, borderColor: '#4f46e5', borderWidth: 2, pointRadius: 0, pointHoverRadius: 5, pointHoverBackgroundColor: '#4f46e5', fill: true, backgroundColor: gradient, tension: 0.2 }] }, options: { responsive: true, maintainAspectRatio: false, plugins: { legend: { display: false }, tooltip: { mode: 'index', intersect: false, backgroundColor: '#0f172a', titleFont: { family: "'Plus Jakarta Sans', sans-serif", size: 12 }, bodyFont: { family: "'Plus Jakarta Sans', sans-serif", size: 13, weight: 'bold' }, padding: 10, cornerRadius: 8, callbacks: { label: function(context) { return ` Rate: ${context.parsed.y.toFixed(2)} PKR`; } } } }, scales: { x: { grid: { display: false }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', maxTicksLimit: 8 } }, y: { grid: { color: '#f1f5f9' }, ticks: { font: { family: "'Plus Jakarta Sans', sans-serif", size: 11 }, color: '#94a3b8', callback: function(val) { return val.toFixed(2); } } } } } }); function updateStats(filteredData) { if (!filteredData || filteredData.length === 0) return; const max = Math.max(...filteredData); const min = Math.min(...filteredData); const sum = filteredData.reduce((acc, curr) => acc + curr, 0); const avg = sum / filteredData.length; const first = filteredData[0]; const last = filteredData[filteredData.length - 1]; const diff = last - first; const pct = ((diff / first) * 100).toFixed(2); statHigh.textContent = max.toFixed(2); statLow.textContent = min.toFixed(2); statAvg.textContent = avg.toFixed(2); statChange.textContent = `${diff >= 0 ? 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'#10b981' : '#ef4444'; } function filterData(days) { if (days === 'all') { chart.data.labels = rawLabels; chart.data.datasets[0].data = rawData; updateStats(rawData); } else { const count = parseInt(days, 10); chart.data.labels = rawLabels.slice(-count); chart.data.datasets[0].data = rawData.slice(-count); updateStats(rawData.slice(-count)); } chart.update(); } tfBtns.forEach(btn => { btn.addEventListener('click', function() { tfBtns.forEach(b => b.classList.remove('active')); this.classList.add('active'); filterData(this.getAttribute('data-range')); }); }); updateStats(rawData); })(); (function () { var me = document.currentScript || document.scripts[document.scripts.length - 1]; var wrapper = me && me.closest('.raw-html-embed-wrapper'); var source = wrapper && wrapper.querySelector('script.raw-html-source'); if (!source || wrapper._rawHtmlMounted) return; wrapper._rawHtmlMounted = true; // position:sticky breaks under any overflow:hidden ancestor. "clip" hides the same overflow // without creating a scroll container. for (var a = wrapper.parentElement; a; a = a.parentElement) { var cs = getComputedStyle(a); if (cs.overflowX === 'hidden') a.style.overflowX = 'clip'; if (cs.overflowY === 'hidden') a.style.overflowY = 'clip'; } // Undo the server-side escaping of closing script tags / comment openers. var html = source.textContent.replace(/ window.innerHeight; if (pinned) { stage.style.position = 'sticky'; stage.style.top = '0'; fillScreen(stage); track.style.height = h + 'px'; max = Math.max(0, h - frame.clientHeight); } else { // Grow only: vh-based content would otherwise shrink with its own frame, forever. fitH = Math.max(fitH, h); stage.style.position = 'static'; stage.style.height = fitH + 'px'; track.style.height = 'auto'; max = 0; } sync(true); } // inside the frame would only scroll the (non-scrollable) frame. Scroll the page instead. function onAnchorClick(e) { var link = e.target.closest && e.target.closest('a[href^="#"]'); if (!link || e.defaultPrevented) return; var id = link.getAttribute('href').slice(1); try { id = decodeURIComponent(id); } catch (x) { } var target = id ? doc.getElementById(id) : null; if (id && !target) return; e.preventDefault(); var inFrame = target ? target.getBoundingClientRect().top + win.scrollY : 0; window.scrollTo({ top: track.getBoundingClientRect().top + window.scrollY + (pinned ? Math.min(inFrame, max) : inFrame), behavior: 'smooth' }); } frame.addEventListener('load', function () { try { win = frame.contentWindow; doc = win.document; var ro = new win.ResizeObserver(measure); // created in the frame's realm ro.observe(doc.documentElement); if (doc.body) ro.observe(doc.body); doc.addEventListener('click', onAnchorClick); measure(); } catch (e) { // No script access to the frame: fall back to a plain scrollable frame. win = null; frame.removeAttribute('scrolling'); stage.style.position = 'static'; fillScreen(stage); track.style.height = 'auto'; } }); fillScreen(stage); fillScreen(track); // placeholder until the frame has loaded and been measured window.addEventListener('scroll', function () { sync(false); }, { passive: true }); window.addEventListener('resize', measure); stage.appendChild(frame); track.appendChild(stage); wrapper.appendChild(track); })(); The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Wednesday. The local unit closed the day at 276.70, a gain of Re0.01 against the greenback. On Tuesday, the rupee had closed at 276.71 against the dollar. Globally, a sweeping victory by Democrats in the US midterm elections sent the dollar lower on Wednesday, as investors ​weighed the prospect of tighter AI regulation and its potential drag on economic growth. Several major currencies gained versus the dollar, ‌with the euro and sterling trading at their highest levels in nearly two weeks and seven weeks, respectively. Democrats captured majorities in both the Senate and the House, even prevailing in states that have long been conservative bastions, stoking fears that opposition to data centres may gather fresh momentum. That also raised concerns about the potential hit to ​the US economy, given how much US growth has been tied to AI-related spending. A slowdown in growth could dampen the dollar’s ​appeal and reduce the need for interest rate hikes, which typically support a currency. The dollar index , which measures the ⁠US currency against a basket of six peers, fell to a one-month low and was last trading at 101.39. The euro ​gained 0.53% to $1.1251, while the British pound rose 0.55% to $1.3485. The yen and the Swiss franc , both safe-haven currencies, were also stronger. Against the Swiss ​franc , the dollar weakened 0.44% to 0.8169. It fell 0.17% against the yen, to 158.43 per dollar. The 10-year Treasury yield dropped 1.7 basis points to 4.933%. Oil prices, a key indicator of currency parity, were down more than $3 a ​barrel on Wednesday in volatile trading as investors awaited Washington’s next move in the US-Israeli war with Iran ‌after President Donald Trump’s Republican Party lost control of Congress in midterm elections. Brent futures were down $3.20, or 3.09%, to $100.40 a barrel at 1417 GMT. US West Texas Intermediate crude futures were down $3.01, or 3.13%, to $93.08. Inter-bank market rates for dollar on Wednesday BID Rs 276.70 OFFER Rs 276.90 Open-market movement In the open market, the PKR gained 3 paise for buying and 19 paise for selling against USD, closing at 277.35 and 278.48, respectively. Against Euro, the PKR lost 1.40 rupee for buying and 1.45 rupee for selling, closing at 311.37 and 314.23, respectively. Against UAE Dirham, the PKR gained 2 paise for buying and remained unchanged for selling, closing at 75.58 and 76.18, respectively. Against Saudi Riyal, the PKR gained 1 paisa for both buying and selling, closing at 73.92 and 74.44, respectively. Open-market rates for dollar on Wednesday BID Rs 277.35 OFFER Rs 278.48 [...]

Govt approves Rs10 coin to replace banknote, new currency designs
November 4, 2026 2:45
Govt approves Rs10 coin to replace banknote, new currency designs

The federal cabinet has approved the introduction of a Rs10 coin to replace the existing Rs10 banknote as part of a broader plan to introduce newly designed currency notes with enhanced security features. The decision was taken at a cabinet meeting chaired by Prime Minister Shehbaz Sharif on Wednesday, according to a statement issued by the Prime Minister’s Office. The cabinet also approved the designs of new currency notes on the recommendation of the Ministry of Finance. It was informed that proposals had been invited from artists and designers across the country, while a cabinet committee constituted by the prime minister had held detailed consultations with all stakeholders. The meeting was informed that the new banknotes would feature enhanced security measures to prevent counterfeiting. Modern materials would also be used to increase the notes’ durability and extend their service life. The approval to replace the Rs10 banknote with a coin comes after the State Bank of Pakistan (SBP) proposed discontinuing the denomination amid rising production costs. In August, SBP Deputy Governor Dr Inayat Hussain informed the Senate Standing Committee on Finance and Revenue that the central bank had proposed withdrawing the Rs10 banknote after the introduction of the new currency notes. The committee was also informed that approximately one year would be required to introduce the new banknotes into circulation. The printing cost of a Rs5,000 banknote was approximately Rs14, according to a Senate Secretariat statement. During the meeting, the SBP deputy governor said the existing Rs5,000 banknote had been introduced in 2005 and technological advancements had made counterfeiting easier. The central bank had initiated the process of designing and issuing a new series of banknotes covering all existing denominations in January 2024. It subsequently launched an art competition in March 2024, inviting innovative and thematic design proposals. In September 2024, the SBP announced the winners of the competition, while in March 2025, Security Papers Limited awarded a Rs3.4 billion paper machine upgrade project to German firm Giesecke+Devrient (G+D). The project was expected to be completed within 18 months. The cabinet also ratified decisions taken by the Cabinet Committee on State-Owned Enterprises at its October 26 meeting and the Cabinet Committee for Legislative Cases at meetings held between January and September 2026. [...]

Gold price per tola gains Rs13,900 in Pakistan
November 4, 2026 2:03
Gold price per tola gains Rs13,900 in Pakistan

Gold prices in Pakistan increased on Wednesday in line with their gain in the international market. In the local market, the gold price per tola reached Rs426,036 after gaining Rs13,900 during the day. Similarly, 10-gram gold was sold at 365,257 after it increased by Rs11,917, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola remained unchanged at Rs412,136. The international rate of gold was up by $139 to reach $4,035 per ounce on Wednesday. Meanwhile, the price of silver increased by Rs295 to reach Rs5,663 per tola. [...]

PSX: KSE-100 accumulates nearly 4,000 points as investors bet on US midterms, Iran talks
November 4, 2026 2:01
PSX: KSE-100 accumulates nearly 4,000 points as investors bet on US midterms, Iran talks

The Pakistan Stock Exchange (PSX) witnessed a strong bullish session on Wednesday, with the benchmark KSE-100 Index gaining nearly 4,000 points amid institutional buying and improving sentiment over geopolitical developments following US midterm election results. The benchmark index opened on a positive note and maintained its upward momentum throughout the session. It initially surged sharply, crossing 170,000 before witnessing some consolidation and a brief dip around 11am. However, buying interest returned around midday, allowing the index to resume its upward trajectory. The rally gained further momentum, with the benchmark extending its gains and approaching the intraday high of 172,286.99 towards the end of the session. At close, the KSE-100 Index settled at 172,013.48, up 3,994.62 points or 2.38%. “Buying has mainly come from institutions, particularly mutual funds, which is driving the interest we are seeing,” Sana Tawfik, Head of Research at Arif Habib Limited (AHL), told Business Recorder. “Secondly, oil prices had risen to around $103 and have stabilised at that level, which has also helped sentiment,” she added. Globally, the analyst said, the US market is closely watching geopolitical developments. “One is the US election, where the unofficial numbers coming in so far show a visible shift. The other is the US-Iran talks, where the US has sent a draft. All these factors together are supporting the market at the moment.” Similarly, Saad Hanif, Head of Research at Ismail Iqbal Securities, said that the rally is partly tied to the US midterm elections. “Investors read a Democratic sweep as positive for regional geopolitics, expecting a more measured approach from Washington and a stronger preference for negotiation over confrontation in the region. “That outlook is feeding expectations of lower global oil prices and easing inflation, which is a favourable backdrop for Pakistan’s market and has lifted sentiment, taking the PSX up 4,000 points,” he said. Topline Securities, in its post-market report, said the positive momentum was primarily driven by optimism surrounding potential progress in US-Iran diplomatic negotiations, relative stability in international oil prices, and renewed accumulation in heavyweight stocks. “Buying activity remained broad-based, with key sectors, including commercial banks, fertilisers, cement and energy, attracting significant investor interest. Overall, the session reflected an improvement in market sentiment and a strengthening risk appetite among investors,” it said. On the contribution front, UBL, FFC, HUBC, LUCK and NBP emerged as the leading positive contributors, collectively adding approximately 1,215 points to the benchmark index and providing substantial support to the market’s overall performance, Topline reported. On Tuesday, PSX rallied as easing international crude oil prices and optimism over potential negotiations between the United States and Iran improved investor sentiment. The KSE-100 Index advanced by 1,454.80 points, or 0.87%, to close at 168,018.87 points. Globally, US stock futures slumped, Treasuries rallied, and the dollar softened on Wednesday as Democrats notched early Senate wins, fuelling bets they could wrest control of the chamber from President Donald Trump’s ​Republicans, though the outcome remained uncertain. In North Carolina, former Governor Roy Cooper easily defeated ‌Trump-backed Republican Michael Whatley to flip a Republican-held Senate seat, according to media projections, handing Democrats one of the four net gains they need to secure a majority. Democrat Jon Ossoff won re-election in Georgia. Democrats are favoured to capture the House, while the fight for the Senate ​remains a closely contested state-by-state battle, keeping investors on edge as they gauge the implications for Washington’s balance ​of power. Prediction markets signalled ​growing expectations of a Democratic sweep of the US Congress, with more than $1.48 billion wagered on the midterm elections in a ​fresh test for the novel markets. Futures for the S&P 500 slid 0.8% while Nasdaq futures fell 1.8%. The yield on the benchmark US 10-year Treasury note fell 6 basis points to 4.906%. Tuesday’s outcome could hold broad implications for market-sensitive areas including the AI dead-centre buildout, the US fiscal outlook, defence spending ​and regulation in areas such as healthcare, banking and cryptocurrencies. In Asia, stocks reversed earlier gains to trade lower ​as investors brushed off strong ​earnings from chipmaker AMD ⁠that appeared to ease some concerns over the durability of the AI trade. The forecast and market-beating third-quarter results offered a strong counterpoint to mounting fears that the AI boom ​is losing steam after rival Intel issued a weak outlook last week. MSCI’s broadest index of Asia-Pacific ​shares outside Japan fell ⁠0.5%. South Korea’s KOSPI slid 1.6% while Japan’s Nikkei fell 3% after returning from a holiday. Meanwhile, the Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Wednesday. The local unit closed the day at 276.70, a gain of Re0.01 against the greenback. Volume on the all-share index increased to 841.61 million from 517.34 million recorded in the previous close. The value of shares rose to Rs35.39 billion from Rs20.70 billion in the previous session. TPL Properties was the volume leader with 67.85 million shares, followed by B.O.Punjab with 58.20 million shares, and K-Electric Ltd. with 57.36 million shares. Shares of 499 companies were traded on Wednesday, of which 368 registered an increase, 103 recorded a fall, and 28 remained unchanged. [...]

Dubai leads Gulf gains as investors assess US midterm fallout and Iran standoff
November 4, 2026 1:43
Dubai leads Gulf gains as investors assess US midterm fallout and Iran standoff

Most Gulf markets closed higher on Wednesday, with Dubai leading regional gains as investors assessed the US midterm fallout and looked to Washington’s next move in the Iran war. US President Donald Trump conceded that the Iran war contributed to his party’s crushing midterm losses, which handed Democrats control of both the House and the Senate. Dubai’s main share index jumped 4%, with top lender Emirates NBD surging 6.1% and blue-chip developer Emaar Properties increasing 4.4%. The property giant is offering to buy all Emaar Development shares it doesn’t already own, at AED 15 per share in cash, through its wholly owned unit, Emirates Property Holdings. Emaar Development shares rose 4.9%. Saudi Arabia’s benchmark index gained 1.7%, lifted by a 2.2% rise in Al Rajhi Bank. The US carried out “defensive” strikes on Iran’s Qeshm island targeting surface-to-air missiles used against US assets, a US official said on Tuesday. Another official said the strikes appeared limited and did not signal a return to major combat operations. Trump suggested in a Tuesday interview with the Financial Times that he was satisfied with the current standoff with Iran. Sentiment strengthened on progress in mediation efforts, while reports that the US is unlikely to take military action helped anchor gains. Solid domestic fundamentals and the ongoing third-quarter earnings season continued to provide a supportive backdrop, signalling resilience in the economy, said Hani Abuagla, Senior Market Analyst at XTB MENA. In Qatar, the index leapt 2.8%, with almost all its constituents in positive territory, including the Gulf’s biggest lender Qatar National Bank , which was up 5.3%. Doha announced on Tuesday that Washington and Tehran remain dedicated to mediation and are examining proposals meant to close the distance between them. Qatari officials also reported recent progress in discussions with each side, and efforts to shrink the differences between them are still underway. The Abu Dhabi index gave up early gains to finish flat. Outside the Gulf, Egypt’s blue-chip index concluded 2.8% higher. Egypt’s Foreign Minister Badr Abdelatty told Iranian counterpart Abbas Araqchi that all sides must show flexibility, pursue a political solution to the regional crisis, and maintain restraint to avoid military escalation, Egypt’s foreign ministry said on Tuesday. Saudi Arabia rose 1.7% to 10,039 Abu Dhabi finished flat at 9,461 Dubai jumped 4% to 6,041 Qatar gained 2.8% to 9,884 Egypt leapt 2.8% to 50,650 Bahrain was up 0.5% to 8,919 Oman increased 0.5% to 7,261 Kuwait added 0.5% to 8,919 [...]

India's BSE posts higher second-quarter profit
November 4, 2026 12:49
India's BSE posts higher second-quarter profit

BENGALURU: India’s BSE Ltd reported a 45% rise in second-quarter profit on Wednesday, amid market share gains in the derivatives segment. The stock exchange operator posted a consolidated net profit of 8.09 billion rupees ($85.42 million) for the quarter ended September 30, a jump from 5.58 billion rupees a year earlier. Indian stocks post longest winning streak in nearly 5 months on FPI inflow hopes [...]

HBL expects investment yields to rise as floating-rate securities reprice
November 4, 2026 12:17
HBL expects investment yields to rise as floating-rate securities reprice

Habib Bank Limited (HBL), one of Pakistan’s largest commercial banks, expects yields on its investment portfolio to gradually increase as floating-rate securities reprice, the bank’s management said on Wednesday, while highlighting strong deposit growth, digital banking expansion and resilient asset quality. During an analyst briefing session, attended by KTrade, held to discuss the third-quarter results, HBL said floating-rate securities accounted for around 60% of its investment portfolio as of September 2026, while medium-term bonds (MTBs) and fixed-rate securities represented 15% and 25%, respectively. The fixed-rate portfolio had a duration of 3.2 years, while the overall investment portfolio had a duration of around 1.12 years. The bank also increased its Pakistan Investment Bond (PIB) holdings by approximately Rs450 billion between the second and third quarters of 2026. HBL reported earnings of Rs19.6 billion, or Rs13.33 per share, for the third quarter of calendar year 2026, up 6.5% from the preceding quarter, in line with market expectations. It also announced an interim cash dividend of Rs6 per share. The bank’s current account deposits increased 15%, or Rs273 billion, during the nine months ended September 2026, taking their share of total deposits to 40% from 38% at the end of December 2025. HBL said its Islamic banking business continued to expand, with Islamic deposits reaching Rs1.3 trillion in September 2026. Around 36% of its branch network was Islamic, comprising approximately 658 Islamic branches and 500 Islamic windows. The bank operates more than 2,000 branches and added around 84 branches during the nine months. Its core banking migration to Temenos is also progressing, with 800 branches already migrated and further milestones expected in 2027. On the lending side, domestic advances recorded growth across corporate and commercial segments, alongside an expansion in international lending. HBL’s consumer financing portfolio crossed Rs200 billion, the largest in the market, while credit card receivables reached Rs66 billion. Islamic financing accounted for around 20% of the bank’s overall loan portfolio. Asset quality remained strong, with the infection ratio at 4.5% and specific coverage at 85%, supplemented by general provisions, the bank said. HBL also reported a 76% year-on-year increase in foreign exchange income, alongside strong fee income growth. Digital banking activity continued to gain traction, with mobile application throughput rising 36%. Digital over-the-counter transactions accounted for 94.6% of total transactions, leaving 5.4% conducted through physical branches. On regulatory requirements, management said HBL was already compliant with the State Bank of Pakistan’s phased requirement to reclassify its banking-book other comprehensive income portfolio into the trading book. The bank’s management expects no incremental capital requirement or impact on its Common Equity Tier 1 ratio from completing the reclassification. Separately, HBL’s management said it expected a favourable outcome in an ongoing civil liability case in New York, clarifying that the proceedings were separate from previously discussed penalty-related matters. The proceedings are progressing according to schedule, with management anticipating a relatively early conclusion, although the US legal process could take time. [...]

Copper rebounds from 3-month low as tightness offsets tariff, AI fears
November 4, 2026 11:47
Copper rebounds from 3-month low as tightness offsets tariff, AI fears

LONDON: Copper prices rebounded on Wednesday from their weakest in three months as initial fears about the impact of the US election on tariffs and AI data centres were offset by healthy demand and shortages outside the US. Benchmark three-month copper on the London Metal Exchange was up 0.5% at $14,103 a metric ton by 1115 GMT. It earlier fell as much as 1.5% to its lowest since August 3. The sharp losses were a knee-jerk reaction to the results of the US elections on Tuesday, in which Democrats seized control of both the Senate and House of Representatives, said Ole Hansen, head of commodity strategy at Saxo Bank. “You could initially think that copper could be the one to be hurt the most since the market may lower its expectations for tariffs,” he said. “They may also focus on the AI trade given how data centres suddenly became such a big issue in the final part of the election.” The prospect of US tariffs on refined copper has spurred a large flow of metal to the US, creating shortages elsewhere and propping up prices, but any announcement that tariffs would not be imposed would free up that overhang and weigh on the market. President Donald Trump has been a big supporter of the AI sector, which is expected to give a boost to copper demand from its use in infrastructure, but growing numbers of communities are opposing data centres. Copper prices were supported, however, by continuing firm demand and shortages in top metals consumer China. The Yangshan copper premium, a gauge of demand for imported metal, remained near $200 a ton — its highest in more than a decade. Also boosting the metals market was a recovery in global stock markets and a weaker dollar index, making commodities priced in the US currency cheaper for buyers using other currencies. Among other metals, aluminium gained 1% to $3,075 a ton, zinc rose 1.3% to $3,839, lead added 0.3% to $1,890, nickel advanced 2.2% to $15,685 and tin rose 0.9% to $47,850. [...]

Financial stocks lift Sri Lankan shares higher
November 4, 2026 11:29
Financial stocks lift Sri Lankan shares higher

Sri Lankan shares closed higher on Wednesday, led by financial stocks. The CSE All-Share index settled 2.09% higher at 20,541.12 points Commercial Bank of Ceylon PLC, Dialog Axiata PLC and Hatton National Bank PLC were among the biggest boosts to the index, up 1.8%, 2.5% and 1.9%, respectively. Trading volume on the index rose to 119.5 million shares from 61.9 million shares in the previous session. The equity market’s turnover rose to 3.87 billion Sri Lankan rupees ($11.64 million) from 1.52 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 158.8 million rupees, while domestic investors were net buyers, purchasing shares worth 3.84 billion rupees, the data showed. [...]

Palm hits four-month low on expectations of record October stocks
November 4, 2026 11:25
Palm hits four-month low on expectations of record October stocks

KUALA LUMPUR: Malaysian palm oil futures extended losses for a third straight session on Wednesday, falling to a four-month low, as expectations of record-high stockpiles and weaker Dalian palm olein pressured the market. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 55 ringgit, or 1.21%, to 4,496 ringgit ($1,104.67) a metric ton, the lowest closing price since July 3. The market continued to trade with a bearish tone after polls on Tuesday estimated palm oil end-stocks likely reached a record high last month, a Kuala Lumpur-based trader said. Malaysia’s palm oil inventories were projected to have risen 6.8% from September’s record 3.51 million tons to 3.75 million tons, a Reuters survey showed. “Overnight weakness in Dalian palm olein, partly pressured by the decline in crude palm oil futures, added to the negative sentiment,” the trader said. Dalian’s most-active soyoil contract fell 1.45%, while its palm oil contract shed 2.91%. Soyoil prices on the Chicago Board of Trade were down 0.64%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices rose in a volatile session as investors awaited Washington’s next move in the US-Israeli war on Iran, after Democrats captured control of Congress from President Donald Trump’s Republicans in the midterm elections. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit, palm’s currency of trade, strengthened 0.34% against the dollar, making the commodity slightly more expensive for buyers holding foreign currencies. [...]

Oil falls on Iran war uncertainty, US Democrats' midterm sweep
November 4, 2026 11:22
Oil falls on Iran war uncertainty, US Democrats' midterm sweep

LONDON:  Oil prices fell on Wednesday in a volatile session as investors awaited Washington’s next move in the US-Israeli war on Iran, after Democrats captured control of Congress from President Donald Trump’s Republicans in the midterm elections. Brent futures fell $1.75, or 0.7%, to $101.85 a barrel at 1034 GMT, falling $2 earlier in the session. US West Texas Intermediate crude futures fell $1.18, or 1.2%, to $94.91. Both had risen $1 earlier. In the previous session, Brent settled at its lowest level in nearly four weeks as traders weighed talks to end the wars in Ukraine and Iran. President Donald Trump acknowledged that the US-Israeli war on Iran played a role in his party’s sweeping defeat in the midterm elections, as Democrats won control of the House of Representatives and the Senate. “President Trump’s conflicting signals, with military strikes continuing alongside statements downplaying further escalation, have made it difficult for traders to build strong directional conviction,” said Priyanka Sachdeva, head of market insights at Phillip Nova, adding that profit-taking and a reduction in speculative long positions were justified after the sharp rally in October. The US had carried out “defensive” strikes on Iran’s Qeshm Island targeting surface-to-air missiles used against US assets, a US official said on Tuesday. Iran, US still far apart on deal; Trump says ready but in no hurry for strikes Markets remained on watch for any progress in talks to end the US-Israeli war with Iran, as Qatar stepped up mediation efforts to avert an escalation of attacks after the US elections. A senior Iranian official told Reuters on Tuesday that Iran and the United States remain far from a deal to end their war. US President Donald Trump told the Financial Times on Tuesday that the United States had no immediate plans to strike Iran. Meanwhile flows of crude, condensate and refined products, excluding LPG, averaged 17.1 million barrels per day in October, according to ship-tracking data from Vortexa, marking a drop from 18.9 million bpd in September but still representing roughly three-quarters of pre-war levels. “The continued recovery in crude shipments from the Middle East has begun to weigh on physical cargo prices, potentially helping to accelerate the normalisation of refining margins and, ultimately, lower fuel prices,” said Saxo Bank analyst Ole Hansen. “However, for consumers to feel the full benefit, refined product exports from Middle Eastern refineries must also recover. So far, this is one area where the rebound in flows remains notably subdued, suggesting that relief at the pump may take longer to materialise.” Iran sees only unacceptable ideas in latest mediation to end war, official says In the US, crude stocks fell by 5.27 million barrels in the week ended October 30, market sources said on Wednesday, citing data from the American Petroleum Institute. Eight analysts polled by Reuters had expected, on average, a rise of about 880,000 barrels in crude inventories. Official data from the US Energy Information Administration is due at 10:30 a.m. EST (1530 GMT) on Wednesday. [...]

Indian stocks post longest winning streak in nearly 5 months on FPI inflow hopes
November 4, 2026 11:15
Indian stocks post longest winning streak in nearly 5 months on FPI inflow hopes

Indian share benchmarks posted their longest winning streak in nearly five months on Wednesday, on optimism over foreign fund inflows, while the focus was also on US midterm election results that are set to change the political landscape in the world’s largest economy. A Democratic win in US midterm elections is being seen as a scathing rebuke to President Donald Trump, whose administration’s global tariff policy and decision to go to war in the Middle East also contributed to the Indian market’s underperformance this year. India is negotiating a trade deal with the US, while Trump has imposed restrictions on Indian talent with curbs on H-1B and student visas. “This victory does not mean that the party (Democrats) will be able to implement its program. Indeed, the US President retains a veto, which is likely to block any legislation with which he disagrees,” said Nabil Milali, portfolio manager, multi-asset & overlay at Edmond de Rothschild AM. The Nifty 50 rose 0.63% to 23,960.6 and the BSE Sensex added 0.5% to 77,301.4. They have risen about 5.6% in five sessions. Foreign investors bought Indian shares worth $821 million since the beginning of November, trimming their net outflows this year to $30.59 billion. All major sectors, barring information technology, rose. The broader small-caps and mid-caps added 2% and 1.6%, respectively. Nifty IT index lost 1.5%, with top-two software exporters Tata Consultancy Services and Infosys dropping 2.5% and 1.7%, respectively. Three analysts said a possible effect of the Democrats’ win could be a potential slowdown in AI spending, which could help the $315 billion sector that has been disrupted by the rapid AI development. Wednesday’s selling in IT stocks is likely some caution due to the changing political landscape in the US, their key market, said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities. “Investors could be booking profits after strong gains last month and rotating funds into other sectors on signs of a broad-based recovery in Indian equities.” Brent crude futures fell 1% to $102.5 per barrel as investors awaited Washington’s next move in the US-Israeli war on Iran. [...]

SSGC issues winter gas supply schedule
November 4, 2026 10:15
SSGC issues winter gas supply schedule

The Sui Southern Gas Company (SSGC) announced the gas supply schedule for the winter season on Wednesday. Under the schedule, three time slots have been fixed for supply to domestic consumers. “This winter, as per the directives of the Government of Pakistan, SSGC is committed to prioritising domestic customers and ensuring gas availability during designated cooking hours,” SSGC said. Under the schedule, gas will be available for breakfast from 6:30am to 9:00am, for lunch from 12:00pm to 2:30pm, and for dinner from 6:00pm to 9:00pm. SSGC is one of Pakistan’s primary gas utilities, responsible for the transmission and distribution of natural gas in the provinces of Sindh and Balochistan. The company manages a vast network spanning approximately 55,000 kilometres and serves 3.2 million customers, including 4,500 industries. Historically, SSGC faced significant challenges, including unfinalized financial statements for several years, accumulating losses, uncontainable Unaccounted-for-Gas (UFG) or line losses, and swelling inter-enterprise liabilities contributing to gas sector circular debt. [...]

Indian rupee ends a tad higher as dollar slips after US midterms
November 4, 2026 10:12
Indian rupee ends a tad higher as dollar slips after US midterms

MUMBAI: The Indian rupee ended modestly higher on Wednesday, aided by a weaker dollar and lower oil prices as investors assessed the impact of US midterm election results, while a Reuters poll showed expectations for depreciation of South Asian unit remained intact. The Indian rupee closed at 94.64 per dollar, up slightly from its close at 94.74 in the previous session. Democrats captured majorities in both the Senate and House on Wednesday, scoring sweeping victories that reached deep into Republican strongholds as tens of millions of voters delivered a scathing rebuke to President Donald Trump. The dollar index, which measures the greenback against a basket of six major peers, was down 0.4% at 101.3 with currencies like the euro, sterling and Swiss franc leading gains. The rupee also touched a two-week high in early trading before trimming gains as importer and interbank dollar bids gathered steam around the 94.50 mark. “It seems like selling USD/INR is bit of a risky endeavour at the moment since dips have very limited staying power at these levels,” a trader at a state-run lender said. A majority of analysts polled by Reuters expect the rupee give up its recent gains and slip again over the next few months as a volatile external environment continues to pressure the currency. While a series of policy measures rolled out by the Reserve Bank of India since the Iran war began has supported the currency, elevated oil prices and weak portfolio flows remain key risks. “The RBI has done what a central bank can do. It has intervened heavily, restricted currency markets, raised around $143 billion through a deposit and borrowing scheme and raised interest rates. These measures have avoided a disorderly collapse and bought time,” Natixis said in a note. “None of them addresses the causes of the weakness. A central bank cannot create export capacity, manufacturing investment or energy independence. Only structural reform can,” the note added. [...]

Mughal Energy approves installation of 25MW solar power plant
November 4, 2026 9:40
Mughal Energy approves installation of 25MW solar power plant

Mughal Energy Limited, a subsidiary of Mughal Iron & Steel Industries Limited, has approved the installation of a 25-megawatt (MW) solar power plant to offset auxiliary power consumption at its existing power generation facility. The company’s board of directors approved the project at a meeting held on Wednesday, according to the filing submitted to the Pakistan Stock Exchange (PSX). The proposed project will be financed through a combination of debt and equity, including contributions from sponsors and directors, the company said. “The final financing structure, including the debt-to-equity ratio, shall be determined based on financing arrangements, project requirements and commercial feasibility,” read the report. The company did not disclose the estimated project cost or the expected completion timeline. Earlier in August, Mughal Energy Limited (MEL) had successfully commissioned the main 31.50 MW turbine of its captive hybrid power plant project. Incorporated in Pakistan as a public limited company on February 16, 2010, under the repealed Companies Ordinance, 1984 (now the Companies Act, 2017), Mughal Iron & Steel Industries Limited operates in the ferrous and non-ferrous business segments. However, the company’s principal activity is the manufacturing and sale of mild steel products in the ferrous segment. [...]

US House Speaker Johnson will not seek minority leadership post
November 4, 2026 3:42
US House Speaker Johnson will not seek minority leadership post

WASHINGTON: US House of Representatives Speaker Mike Johnson will not run for election as House minority leader, following the loss of his Republican majority in this week’s midterm elections, a source said on Wednesday. Johnson, who has struggled to maintain control of a narrow 218-214 Republican majority since becoming speaker three years ago, announced his decision to staff on Wednesday morning, according to a person familiar with the matter. The Louisiana Republican spent much of the 2026 midterm campaign insisting that Republicans would expand their House majority, only to see Democrats take control of both the House and Senate on Tuesday in a sweeping repudiation of Republican leadership under President Donald Trump. Trump’s midterm drubbing could give trade partners room to resist It was unclear who would emerge as House Republican leader in an internal party election expected next week. Conservative Jim Jordan of Ohio was expected to announce his candidacy later on Wednesday. [...]

From Iran to trade: how the US midterms impact the rest of the world
November 4, 2026 3:26
From Iran to trade: how the US midterms impact the rest of the world

LONDON: The US Democrats’ “blue wave” of midterm election victories is already causing ripples across the rest of the world, where trade partners, strategic allies and enemies all see implications in the result. Iran and Israel It is not immediately clear how US President Donald Trump’s loss of control over Congress will shape the course of his country’s eight-month-old conflict with Iran. Voters have shown they are weary of the conflict, which many blame for painfully higher fuel prices. Some Gulf governments now believe Trump has more reason than ever to seek a peace deal and that another full-scale assault on Iran is less likely after the midterms, two sources familiar with Gulf government thinking told Reuters. But Trump’s electoral drubbing may also embolden Iran. “If Tehran recognises that Trump needs a deal, but not just any deal, a genuine opportunity could emerge to end the war,” said Ebtesam al-Ketbi of the Emirates Policy Center. However, reading the vote as weakness could instead invite “a new military escalation”, she added. For Israel, a Democrat-controlled House and Senate may intensify congressional scrutiny of Israel’s military operations in Iran as well as in Gaza and Lebanon, while threatening long-standing US support for Israel through military aid and weapons sales. Rivals seeking to unseat Prime Minister Benjamin Netanyahu seized on the Democrats’ wins to lambaste him for a loss of bipartisan American support under his watch, as they seek to forge a coalition following an inconclusive Israeli election last week. Trump’s midterm drubbing could give trade partners room to resist Fuel pump prices The Iran war has choked supplies of crude oil and liquefied natural gas from the Gulf, driving up the cost of crude oil and prices at fuel pumps around the world. The energy market wagered on Wednesday that the elections could breathe more life into US-Iran peace talks. Oil dropped for a third day, but tight stock levels prevented a larger selloff, analysts said. “The market increasingly appears to be betting that President Trump wants to put the Middle East war behind him,” said Saxo Bank analyst Ole Hansen. Iran, US still far apart on deal; Trump says ready but in no hurry for strikes Ukraine Trump has largely halted direct US financial and military aid to Ukraine as it fights a Russian invasion, despite broad support from Democratic and Republican lawmakers. He has angered members of Congress, including many Republicans, by lifting sanctions on Russian diesel and waiving sanctions on Russian energy only weeks after signing them into law. Control of both chambers of Congress will allow Democrats to propose new aid to Ukraine. If they get enough backing from Republicans and secure a two-thirds majority, a new aid package would survive a Trump veto. However, any boost to US aid is unlikely to come quickly, and it will not address Ukraine’s most pressing need — a deficit of US-made Patriot air defence interceptors to protect its energy infrastructure and cities this winter. Democrats could also target other Trump policies. US pushes to restore Russian gas sales to Europe via Ukraine, WSJ reports Democratic Representative Gregory Meeks of New York, a candidate to head the House Foreign Affairs Committee, has introduced bipartisan legislation to block Trump’s plan to bring Russian diesel back into the global market. But the midterms are unlikely to change the Trump administration’s position in trilateral peace talks with Russia, where it has pressured Ukraine to make concessions to reach a deal while it simultaneously discusses business deals with Moscow that would favour US investors. The Kremlin said it hoped the midterm results would not impact what it called Trump’s “peacemaking efforts”. Trade The elections could give some countries in Asia more reason to slow-walk investment pledges they made to stave off tariffs, and hand economic rival China a perceived upper hand in ongoing trade talks, analysts said. However, broad US-China economic relations will likely maintain a state of “fragile stability”, said Chim Lee, industrial policy analyst at the Economist Intelligence Unit in Beijing. Trump’s midterm losses could spell relief for India’s negotiations for a trade deal with the United States, which has faced delays as New Delhi strives to protect its farmers. “After the US midterm losses, President Donald Trump’s capacity to impose arbitrary tariffs will certainly face a challenge. At some point he needs the Congress’s approval for trade actions and, to that extent, he’s weakened,“ said Anup Wadhawan, a former trade secretary to India’s federal government. Congress has the right to regulate commerce and set import duties, but Trump has taken advantage of laws to impose tariffs on grounds of national security or unfair trade practices. Democratic Party efforts to limit that power would be likely to face a presidential veto. Pakistan, US pursuing revised trade pact Another question is whether Trump will follow through on more immediate threats, such as a 100% tariff on European countries that impose a digital services tax on American tech giants, or whether a €3 billion ($3.37 billion) loan to Airbus from the European Investment Bank will undermine what has been largely a transatlantic trade truce since 2025. AI and tech Exit polling revealed that many US voters were concerned about the aggressive buildout of AI data centres. That sent shivers through the shares of major Asian chip manufacturers. “A Democratic sweep of Congress would put pressure on tech and potentially bring regulatory pressure on everything AI and possibly slow down the wild, wild west growth figures that we see daily and often take for granted,” said Jake Dollarhide, chief executive of Longbow Asset Management in Oklahoma. Asian chip and AI stocks such as TSMC, Samsung Electronics, SK Hynix and Kioxia all fell on Wednesday. Asian investors’ concerns were also reflected in pre-market trade in US markets where shares in US data centre operators fell, including Applied Digital, TeraWulf, Core Scientific and Iren. [...]

Rupee records gain against US dollar
November 4, 2026 3:03
Rupee records gain against US dollar

PKR vs USD Exchange Rate Chart @import url('https://fonts.googleapis.com/css2?family=Plus+Jakarta+Sans:wght@400;500;600;700&display=swap'); #pkr-chart-embed { font-family: 'Plus Jakarta Sans', -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, sans-serif; max-width: 1000px; width: 100%; margin: 24px auto; background-color: #ffffff; border: 1px solid #e2e8f0; border-radius: 20px; padding: 24px; box-shadow: 0 10px 25px -5px rgba(15, 23, 42, 0.05), 0 8px 10px -6px rgba(15, 23, 42, 0.05); color: #0f172a; box-sizing: border-box; } #pkr-chart-embed * { box-sizing: border-box; margin: 0; padding: 0; } #pkr-chart-embed .chart-header { display: flex; flex-direction: column; gap: 20px; margin-bottom: 20px; width: 100%; } #pkr-chart-embed .top-row { display: flex; flex-direction: row; justify-content: space-between; align-items: flex-start; gap: 20px; } #pkr-chart-embed .calculator-area { display: flex; flex-direction: column; gap: 8px; align-items: flex-start; } #pkr-chart-embed .main-title 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border-radius: 12px; box-shadow: 0 8px 16px -3px rgba(79, 70, 229, 0.25); } #pkr-chart-embed .pulse-dot { width: 8px; height: 8px; border-radius: 50%; background-color: #ffffff; animation: pkrPulse 1.5s infinite; } @keyframes pkrPulse { 0% { transform: scale(0.95); opacity: 0.6; } 50% { transform: scale(1.15); opacity: 1; } 100% { transform: scale(0.95); opacity: 0.6; } } #pkr-chart-embed .toolbar { display: flex; justify-content: space-between; align-items: center; flex-wrap: wrap; gap: 12px; margin-bottom: 16px; padding-bottom: 12px; border-bottom: 1px solid #f1f5f9; } #pkr-chart-embed .timeframe-selector { display: flex; gap: 4px; background: #f1f5f9; padding: 3px; border-radius: 10px; } #pkr-chart-embed .tf-btn { border: none; background: transparent; font-family: inherit; font-size: 12px; font-weight: 600; color: #64748b; padding: 5px 12px; border-radius: 7px; cursor: pointer; transition: all 0.2s ease; } #pkr-chart-embed .tf-btn.active { background: #ffffff; color: #4f46e5; box-shadow: 0 1px 3px rgba(0,0,0,0.1); } #pkr-chart-embed .stats-row { display: flex; gap: 16px; flex-wrap: wrap; } #pkr-chart-embed .stat-item { font-size: 12px; color: #64748b; } #pkr-chart-embed .stat-item strong { color: #0f172a; font-weight: 700; } #pkr-chart-embed .chart-canvas-container { position: relative; width: 100%; height: 380px; } @media (max-width: 768px) { #pkr-chart-embed .chart-canvas-container { height: 300px; } #pkr-chart-embed .top-row { flex-direction: column; align-items: flex-start; } #pkr-chart-embed .rate-badge-container { align-items: flex-start; } #pkr-chart-embed .rate-label-sub { text-align: left; } #pkr-chart-embed .toolbar { flex-direction: column; align-items: flex-start; } } PKR vs USD Exchange Rate USD / PKR Calculator USD = PKR Latest Closing 04-Nov-26 276.70 PKR 1M 3M 6M 1Y ALL High: -- Low: -- Avg: -- Change: -- (function() { // Historical closing rate dataset updated with 04-Nov-26 const rawLabels = ["04-Mar-25", "05-Mar-25", "06-Mar-25", "07-Mar-25", "10-Mar-25", "11-Mar-25", "12-Mar-25", "13-Mar-25", "14-Mar-25", "17-Mar-25", "18-Mar-25", "19-Mar-25", "20-Mar-25", "21-Mar-25", "24-Mar-25", "25-Mar-25", "26-Mar-25", "27-Mar-25", "28-Mar-25", "03-Apr-25", "04-Apr-25", "07-Apr-25", "08-Apr-25", "09-Apr-25", "10-Apr-25", "11-Apr-25", "14-Apr-25", "15-Apr-25", "16-Apr-25", "17-Apr-25", "18-Apr-25", "21-Apr-25", "22-Apr-25", "23-Apr-25", "24-Apr-25", "25-Apr-25", "28-Apr-25", "29-Apr-25", "30-Apr-25", "02-May-25", "05-May-25", "06-May-25", "07-May-25", "08-May-25", "09-May-25", "12-May-25", "13-May-25", "14-May-25", "15-May-25", "16-May-25", "19-May-25", "20-May-25", "21-May-25", "22-May-25", "23-May-25", "26-May-25", "27-May-25", "29-May-25", "30-May-25", "02-Jun-25", "03-Jun-25", "04-Jun-25", "05-Jun-25", "10-Jun-25", "11-Jun-25", "12-Jun-25", "13-Jun-25", "16-Jun-25", "17-Jun-25", "18-Jun-25", "19-Jun-25", "20-Jun-25", "23-Jun-25", "24-Jun-25", "25-Jun-25", "26-Jun-25", "27-Jun-25", "30-Jun-25", "02-Jul-25", "03-Jul-25", "04-Jul-25", "07-Jul-25", "08-Jul-25", "09-Jul-25", "10-Jul-25", "11-Jul-25", "14-Jul-25", "15-Jul-25", "16-Jul-25", "17-Jul-25", "18-Jul-25", "21-Jul-25", "22-Jul-25", "23-Jul-25", "24-Jul-25", "25-Jul-25", "28-Jul-25", "29-Jul-25", "30-Jul-25", "31-Jul-25", "01-Aug-25", "04-Aug-25", "05-Aug-25", "06-Aug-25", "07-Aug-25", "08-Aug-25", "11-Aug-25", "12-Aug-25", "13-Aug-25", "15-Aug-25", "18-Aug-25", "19-Aug-25", "20-Aug-25", "21-Aug-25", "22-Aug-25", "25-Aug-25", "26-Aug-25", "27-Aug-25", "28-Aug-25", "29-Aug-25", "01-Sep-25", "02-Sep-25", "03-Sep-25", "04-Sep-25", "05-Sep-25", "08-Sep-25", "09-Sep-25", "10-Sep-25", "11-Sep-25", "12-Sep-25", "15-Sep-25", "16-Sep-25", "17-Sep-25", "18-Sep-25", "19-Sep-25", "21-Sep-25", "22-Sep-25", "23-Sep-25", "24-Sep-25", "25-Sep-25", "26-Sep-25", "29-Sep-25", "30-Sep-25", "01-Oct-25", "02-Oct-25", "03-Oct-25", "06-Oct-25", "07-Oct-25", "08-Oct-25", "09-Oct-25", "10-Oct-25", "13-Oct-25", "14-Oct-25", "15-Oct-25", "16-Oct-25", "17-Oct-25", "20-Oct-25", "21-Oct-25", "22-Oct-25", "23-Oct-25", "24-Oct-25", "27-Oct-25", "28-Oct-25", "29-Oct-25", "30-Oct-25", "31-Oct-25", "03-Nov-25", "04-Nov-25", "05-Nov-25", "06-Nov-25", "07-Nov-25", "10-Nov-25", "11-Nov-25", "12-Nov-25", "13-Nov-25", "14-Nov-25", "17-Nov-25", "18-Nov-25", "19-Nov-25", "20-Nov-25", "21-Nov-25", "24-Nov-25", "25-Nov-25", "26-Nov-25", "27-Nov-25", "28-Nov-25", "01-Dec-25", "02-Dec-25", "03-Dec-25", "04-Dec-25", "05-Dec-25", "08-Dec-25", "09-Dec-25", "10-Dec-25", "11-Dec-25", "12-Dec-25", "15-Dec-25", "16-Dec-25", "17-Dec-25", "18-Dec-25", "19-Dec-25", "22-Dec-25", "23-Dec-25", "24-Dec-25", "26-Dec-25", "29-Dec-25", "30-Dec-25", "31-Dec-25", "02-Jan-26", "05-Jan-26", "06-Jan-26", "07-Jan-26", "08-Jan-26", "09-Jan-26", "12-Jan-26", "13-Jan-26", "14-Jan-26", "15-Jan-26", "16-Jan-26", "19-Jan-26", "20-Jan-26", "21-Jan-26", "22-Jan-26", "23-Jan-26", "26-Jan-26", "27-Jan-26", "28-Jan-26", "29-Jan-26", "30-Jan-26", "02-Feb-26", "03-Feb-26", "04-Feb-26", "06-Feb-26", "09-Feb-26", "10-Feb-26", "11-Feb-26", "12-Feb-26", "13-Feb-26", "16-Feb-26", "17-Feb-26", "18-Feb-26", "20-Feb-26", "23-Feb-26", "24-Feb-26", "25-Feb-26", "26-Feb-26", "27-Feb-26", "02-Mar-26", "03-Mar-26", "04-Mar-26", "05-Mar-26", "06-Mar-26", "09-Mar-26", "10-Mar-26", "11-Mar-26", "12-Mar-26", "13-Mar-26", "16-Mar-26", "17-Mar-26", "18-Mar-26", "19-Mar-26", "24-Mar-26", "25-Mar-26", "26-Mar-26", "27-Mar-26", "30-Mar-26", "31-Mar-26", "01-Apr-26", "02-Apr-26", "03-Apr-26", "04-Apr-26", "06-Apr-26", "07-Apr-26", "08-Apr-26", "09-Apr-26", "10-Apr-26", "13-Apr-26", "14-Apr-26", "14-Apr-26", "15-Apr-26", "16-Apr-26", "17-Apr-26", "20-Apr-26", "21-Apr-26", "22-Apr-26", "23-Apr-26", "24-Apr-26", "27-Apr-26", "28-Apr-26", "29-Apr-26", "30-Apr-26", "04-May-26", "05-May-26", "06-May-26", "07-May-26", "08-May-26", "11-May-26", "12-May-26", "13-May-26", "14-May-26", "15-May-26", "18-May-26", "19-May-26", "20-May-26", "21-May-26", "22-May-26", "25-May-26", "29-May-26", "01-Jun-26", "02-Jun-26", "03-Jun-26", "04-Jun-26", "05-Jun-26", "08-Jun-26", "09-Jun-26", "10-Jun-26", "11-Jun-26", "12-Jun-26", "15-Jun-26", "16-Jun-26", "17-Jun-26", "18-Jun-26", "19-Jun-26", "22-Jun-26", "23-Jun-26", "24-Jun-26", "29-Jun-26", "30-Jun-26", "02-Jul-26", "03-Jul-26", "06-Jul-26", "07-Jul-26", "08-Jul-26", "09-Jul-26", "10-Jul-26", "13-Jul-26", "14-Jul-26", "15-Jul-26", "16-Jul-26", "17-Jul-26", "20-Jul-26", "21-Jul-26", "22-Jul-26", "23-Jul-26", "24-Jul-26", "27-Jul-26", "28-Jul-26", "29-Jul-26", "30-Jul-26", "03-Aug-26", "04-Aug-26", "05-Aug-26", "06-Aug-26", "07-Aug-26", "10-Aug-26", "11-Aug-26", "12-Aug-26", "13-Aug-26", "17-Aug-26", "18-Aug-26", "20-Aug-26", "21-Aug-26", "24-Aug-26", "25-Aug-26", "27-Aug-26", "28-Aug-26", "31-Aug-26", "01-Sep-26", "02-Sep-26", "03-Sep-26", "04-Sep-26", "07-Sep-26", "08-Sep-26", "09-Sep-26", "10-Sep-26", "11-Sep-26", "14-Sep-26", "15-Sep-26", "16-Sep-26", "17-Sep-26", "18-Sep-26", "21-Sep-26", "22-Sep-26", "23-Sep-26", "24-Sep-26", "25-Sep-26", "28-Sep-26", "29-Sep-26", "30-Sep-26", "01-Oct-26", "02-Oct-26", "05-Oct-26", "06-Oct-26", "07-Oct-26", "08-Oct-26", "09-Oct-26", "12-Oct-26", "13-Oct-26", "14-Oct-26", "15-Oct-26", "16-Oct-26", "19-Oct-26", "20-Oct-26", "21-Oct-26", "22-Oct-26", "23-Oct-26", "26-Oct-26", "27-Oct-26", "28-Oct-26", "29-Oct-26", "30-Oct-26", "02-Nov-26", "03-Nov-26", "04-Nov-26"]; const rawData = [279.77, 279.87, 279.82, 279.97, 280.07, 279.95, 279.97, 280.05, 280.21, 280.17, 280.27, 280.21, 280.22, 280.26, 280.37, 280.42, 280.26, 280.22, 280.16, 280.56, 280.47, 280.57, 280.73, 280.78, 280.56, 280.47, 280.60, 280.57, 280.46, 280.62, 280.72, 280.87, 280.77, 280.97, 281.07, 280.97, 281.07, 281.02, 280.97, 281.06, 281.22, 281.37, 281.47, 281.52, 281.71, 281.57, 281.67, 281.72, 281.61, 281.66, 281.77, 281.92, 281.97, 282.06, 281.97, 282.06, 282.17, 282.07, 282.02, 281.97, 282.12, 282.22, 282.17, 282.21, 282.47, 282.67, 282.96, 283.17, 283.41, 283.55, 283.64, 283.70, 283.87, 283.77, 283.72, 283.67, 283.72, 283.76, 283.95, 283.86, 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278.07, 278.06, 278.05, 278.02, 278.01, 278.00, 277.95, 277.95, 277.92, 277.91, 277.90, 277.87, 277.86, 277.85, 277.82, 277.81, 277.80, 277.77, 277.76, 277.75, 277.72, 277.71, 277.70, 277.67, 277.66, 277.65, 277.62, 277.61, 277.57, 277.56, 277.55, 277.52, 277.51, 277.50, 277.47, 277.46, 277.45, 277.42, 277.41, 277.40, 277.37, 277.36, 277.35, 277.32, 277.31, 277.30, 277.27, 277.26, 277.25, 277.22, 277.21, 277.20, 277.17, 277.16, 277.15, 277.12, 277.11, 277.10, 277.07, 277.06, 277.05, 277.02, 277.01, 277.00, 276.97, 276.96, 276.95, 276.92, 276.91, 276.90, 276.87, 276.86, 276.85, 276.82, 276.81, 276.80, 276.77, 276.76, 276.75, 276.72, 276.71, 276.70]; const currentExchangeRate = rawData[rawData.length - 1]; const usdInput = document.getElementById('usdInput'); const pkrInput = document.getElementById('pkrInput'); const latestBadgeRate = document.getElementById('latestBadgeRate'); const latestDateLabel = document.getElementById('latestDateLabel'); const statHigh = 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"clip" hides the same overflow // without creating a scroll container. for (var a = wrapper.parentElement; a; a = a.parentElement) { var cs = getComputedStyle(a); if (cs.overflowX === 'hidden') a.style.overflowX = 'clip'; if (cs.overflowY === 'hidden') a.style.overflowY = 'clip'; } // Undo the server-side escaping of closing script tags / comment openers. var html = source.textContent.replace(/ window.innerHeight; if (pinned) { stage.style.position = 'sticky'; stage.style.top = '0'; fillScreen(stage); track.style.height = h + 'px'; max = Math.max(0, h - frame.clientHeight); } else { // Grow only: vh-based content would otherwise shrink with its own frame, forever. fitH = Math.max(fitH, h); stage.style.position = 'static'; stage.style.height = fitH + 'px'; track.style.height = 'auto'; max = 0; } sync(true); } // inside the frame would only scroll the (non-scrollable) frame. Scroll the page instead. function onAnchorClick(e) { var link = e.target.closest && e.target.closest('a[href^="#"]'); if (!link || e.defaultPrevented) return; var id = link.getAttribute('href').slice(1); try { id = decodeURIComponent(id); } catch (x) { } var target = id ? doc.getElementById(id) : null; if (id && !target) return; e.preventDefault(); var inFrame = target ? target.getBoundingClientRect().top + win.scrollY : 0; window.scrollTo({ top: track.getBoundingClientRect().top + window.scrollY + (pinned ? Math.min(inFrame, max) : inFrame), behavior: 'smooth' }); } frame.addEventListener('load', function () { try { win = frame.contentWindow; doc = win.document; var ro = new win.ResizeObserver(measure); // created in the frame's realm ro.observe(doc.documentElement); if (doc.body) ro.observe(doc.body); doc.addEventListener('click', onAnchorClick); measure(); } catch (e) { // No script access to the frame: fall back to a plain scrollable frame. win = null; frame.removeAttribute('scrolling'); stage.style.position = 'static'; fillScreen(stage); track.style.height = 'auto'; } }); fillScreen(stage); fillScreen(track); // placeholder until the frame has loaded and been measured window.addEventListener('scroll', function () { sync(false); }, { passive: true }); window.addEventListener('resize', measure); stage.appendChild(frame); track.appendChild(stage); wrapper.appendChild(track); })(); The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Wednesday. The local unit closed the day at 276.70, a gain of Re0.01 against the greenback. On Tuesday, the rupee had closed at 276.71 against the dollar. Globally, a sweeping victory by Democrats in the US midterm elections sent the dollar lower on Wednesday, as investors ​weighed the prospect of tighter AI regulation and its potential drag on economic growth. Several major currencies gained versus the dollar, ‌with the euro and sterling trading at their highest levels in nearly two weeks and seven weeks, respectively. Democrats captured majorities in both the Senate and the House, even prevailing in states that have long been conservative bastions, stoking fears that opposition to data centres may gather fresh momentum. That also raised concerns about the potential hit to ​the US economy, given how much US growth has been tied to AI-related spending. A slowdown in growth could dampen the dollar’s ​appeal and reduce the need for interest rate hikes, which typically support a currency. The dollar index , which measures the ⁠US currency against a basket of six peers, fell to a one-month low and was last trading at 101.39. The euro ​gained 0.53% to $1.1251, while the British pound rose 0.55% to $1.3485. The yen and the Swiss franc , both safe-haven currencies, were also stronger. Against the Swiss ​franc , the dollar weakened 0.44% to 0.8169. It fell 0.17% against the yen, to 158.43 per dollar. The 10-year Treasury yield dropped 1.7 basis points to 4.933%. Oil prices, a key indicator of currency parity, were down more than $3 a ​barrel on Wednesday in volatile trading as investors awaited Washington’s next move in the US-Israeli war with Iran ‌after President Donald Trump’s Republican Party lost control of Congress in midterm elections. Brent futures were down $3.20, or 3.09%, to $100.40 a barrel at 1417 GMT. US West Texas Intermediate crude futures were down $3.01, or 3.13%, to $93.08. Inter-bank market rates for dollar on Wednesday BID Rs 276.70 OFFER Rs 276.90 Open-market movement In the open market, the PKR gained 3 paise for buying and 19 paise for selling against USD, closing at 277.35 and 278.48, respectively. Against Euro, the PKR lost 1.40 rupee for buying and 1.45 rupee for selling, closing at 311.37 and 314.23, respectively. Against UAE Dirham, the PKR gained 2 paise for buying and remained unchanged for selling, closing at 75.58 and 76.18, respectively. Against Saudi Riyal, the PKR gained 1 paisa for both buying and selling, closing at 73.92 and 74.44, respectively. Open-market rates for dollar on Wednesday BID Rs 277.35 OFFER Rs 278.48 [...]

Govt approves Rs10 coin to replace banknote, new currency designs
November 4, 2026 2:45
Govt approves Rs10 coin to replace banknote, new currency designs

The federal cabinet has approved the introduction of a Rs10 coin to replace the existing Rs10 banknote as part of a broader plan to introduce newly designed currency notes with enhanced security features. The decision was taken at a cabinet meeting chaired by Prime Minister Shehbaz Sharif on Wednesday, according to a statement issued by the Prime Minister’s Office. The cabinet also approved the designs of new currency notes on the recommendation of the Ministry of Finance. It was informed that proposals had been invited from artists and designers across the country, while a cabinet committee constituted by the prime minister had held detailed consultations with all stakeholders. The meeting was informed that the new banknotes would feature enhanced security measures to prevent counterfeiting. Modern materials would also be used to increase the notes’ durability and extend their service life. The approval to replace the Rs10 banknote with a coin comes after the State Bank of Pakistan (SBP) proposed discontinuing the denomination amid rising production costs. In August, SBP Deputy Governor Dr Inayat Hussain informed the Senate Standing Committee on Finance and Revenue that the central bank had proposed withdrawing the Rs10 banknote after the introduction of the new currency notes. The committee was also informed that approximately one year would be required to introduce the new banknotes into circulation. The printing cost of a Rs5,000 banknote was approximately Rs14, according to a Senate Secretariat statement. During the meeting, the SBP deputy governor said the existing Rs5,000 banknote had been introduced in 2005 and technological advancements had made counterfeiting easier. The central bank had initiated the process of designing and issuing a new series of banknotes covering all existing denominations in January 2024. It subsequently launched an art competition in March 2024, inviting innovative and thematic design proposals. In September 2024, the SBP announced the winners of the competition, while in March 2025, Security Papers Limited awarded a Rs3.4 billion paper machine upgrade project to German firm Giesecke+Devrient (G+D). The project was expected to be completed within 18 months. The cabinet also ratified decisions taken by the Cabinet Committee on State-Owned Enterprises at its October 26 meeting and the Cabinet Committee for Legislative Cases at meetings held between January and September 2026. [...]

Gold price per tola gains Rs13,900 in Pakistan
November 4, 2026 2:03
Gold price per tola gains Rs13,900 in Pakistan

Gold prices in Pakistan increased on Wednesday in line with their gain in the international market. In the local market, the gold price per tola reached Rs426,036 after gaining Rs13,900 during the day. Similarly, 10-gram gold was sold at 365,257 after it increased by Rs11,917, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola remained unchanged at Rs412,136. The international rate of gold was up by $139 to reach $4,035 per ounce on Wednesday. Meanwhile, the price of silver increased by Rs295 to reach Rs5,663 per tola. [...]

Trump's midterm drubbing could give trade partners room to resist
November 4, 2026 1:56
Trump's midterm drubbing could give trade partners room to resist

The drubbing for Donald Trump’s Republicans in US midterm elections could embolden some trade partners to push back against his combative policies, although they may need to tread lightly to avoid provoking him in his final two years in power. Democrats captured majorities in both the Senate and House on Tuesday, as US voters delivered a stinging rebuke for Trump’s policies, including his tariffs, blamed alongside the Iran war for persistent inflation. That could hand economic rival China a perceived upper hand in ongoing talks, prompt allies in Asia to slow-walk hundreds of billions of dollars in investment commitments, and give Europe more predictability over trade issues that remain unresolved. But some partners still see choppy waters ahead, with Trump showing little sign of accepting voters’ verdict on his tariff policies that have upended global trade. “US protectionism won’t simply disappear,” said Bernd Lange, chair of the trade committee in the European Parliament. Democrats capture Congress in sweeping setback for Trump “A weakened Trump could become even more aggressive and unpredictable. A lame duck could quickly turn into an angry duck.” Rajiv Bhatia, a former Indian diplomat and distinguished fellow at Gateway House think tank, said: “A Democratic victory will not necessarily make Trump more accommodating towards any country.” Allies hope for easier ride Among countries that may be quietly hoping for an easier ride are America’s closest Asian allies. Japan has promised $550 billion and South Korea $350 billion in US investments in deals intended to placate Trump. Heo Yoon, economics professor at Sogang University in Seoul, said countries might now feel less pressure to fulfill such commitments: “Democrats seem to perceive that the investment commitments were forced on allies.” But Kazuhiro Maeshima, a professor of US politics at Sophia University in Tokyo, said the allies will not easily be able to back out. “The tariff issue is not over. If Japan’s response is slow, calls for additional tariffs could resurface,“ he said. South Korea has become a notable lightning rod for Trump’s anger at countries he believes have not lived up to investment pledges. Iran, US still far apart on deal; Trump says ready but in no hurry for strikes Most recently, Seoul pushed back on Trump’s assertions that it had agreed to fund Alaska LNG, a major pipeline. Ban Kil-joo, international relations professor at Korea National Diplomatic Academy, said scrutiny from Congress over such projects could give Seoul more time to review them. South Korea’s Foreign Ministry said it would continue to discuss economic and trade issues with the US administration, Congress and states, regardless of changes in the composition of Congress. Quarrels still loom for Europe, India still seeks deal In Europe, transatlantic trade tensions have largely been eased by a series of deals that have so far limited the impact of Trump’s US tariff onslaught. But there are still potential quarrels, including whether Trump will retaliate against European countries that impose a digital services tax on US tech giants, and against a €3 billion loan of public money to European aircraft maker Airbus. For India, still negotiating trade deals with the United States, the midterm results could provide an incentive to adopt a wait-and-see approach. India’s trade minister earlier this month said the first phase of an India-US trade deal was in the final stages of drafting, but reiterated that ​New Delhi would proceed only if it secures an advantage over competing exporters. Trump’s Justice Dept identifies where US election monitors will be in the 50 states No free rein with Beijing The biggest US rival is China, which struck a trade truce with Trump that expires in January. Beijing may look for ways to use Trump’s political fragility to strengthen its hand, but also may find it harder to win him over with Congress looking over his shoulder. “Xi Jinping will recognize that Trump’s authority has been greatly weakened by these results, and will no doubt be thinking about ways of exploiting that,” said Saul Eslake, an economist at Corinna Economic Advisory in Australia, referring to China’s leader. The US president has gone to great lengths to improve relations with Xi. A Democratic-controlled Congress may constrain his ability to offer sweeteners for future deals. “Democrats are unlikely to give Trump free rein on deals with Beijing,” said Alicia Garcia-Herrero, chief Asia-Pacific economist at Natixis, noting they had already criticized Trump’s summits with Xi for limited substance on key issues like AI. A Democratic Congress is more likely to support tighter tech export controls and scrutiny of supply chains for AI and semiconductors, which will give Trump less flexibility on concessions impacting those high-growth segments, she added. China’s foreign ministry spokesperson Mao Ning told reporters on Wednesday that the midterms were an internal matter for the United States and that Beijing would continue to manage differences and expand cooperation with Washington. [...]

Dubai leads Gulf gains as investors assess US midterm fallout and Iran standoff
November 4, 2026 1:43
Dubai leads Gulf gains as investors assess US midterm fallout and Iran standoff

Most Gulf markets closed higher on Wednesday, with Dubai leading regional gains as investors assessed the US midterm fallout and looked to Washington’s next move in the Iran war. US President Donald Trump conceded that the Iran war contributed to his party’s crushing midterm losses, which handed Democrats control of both the House and the Senate. Dubai’s main share index jumped 4%, with top lender Emirates NBD surging 6.1% and blue-chip developer Emaar Properties increasing 4.4%. The property giant is offering to buy all Emaar Development shares it doesn’t already own, at AED 15 per share in cash, through its wholly owned unit, Emirates Property Holdings. Emaar Development shares rose 4.9%. Saudi Arabia’s benchmark index gained 1.7%, lifted by a 2.2% rise in Al Rajhi Bank. The US carried out “defensive” strikes on Iran’s Qeshm island targeting surface-to-air missiles used against US assets, a US official said on Tuesday. Another official said the strikes appeared limited and did not signal a return to major combat operations. Trump suggested in a Tuesday interview with the Financial Times that he was satisfied with the current standoff with Iran. Sentiment strengthened on progress in mediation efforts, while reports that the US is unlikely to take military action helped anchor gains. Solid domestic fundamentals and the ongoing third-quarter earnings season continued to provide a supportive backdrop, signalling resilience in the economy, said Hani Abuagla, Senior Market Analyst at XTB MENA. In Qatar, the index leapt 2.8%, with almost all its constituents in positive territory, including the Gulf’s biggest lender Qatar National Bank , which was up 5.3%. Doha announced on Tuesday that Washington and Tehran remain dedicated to mediation and are examining proposals meant to close the distance between them. Qatari officials also reported recent progress in discussions with each side, and efforts to shrink the differences between them are still underway. The Abu Dhabi index gave up early gains to finish flat. Outside the Gulf, Egypt’s blue-chip index concluded 2.8% higher. Egypt’s Foreign Minister Badr Abdelatty told Iranian counterpart Abbas Araqchi that all sides must show flexibility, pursue a political solution to the regional crisis, and maintain restraint to avoid military escalation, Egypt’s foreign ministry said on Tuesday. Saudi Arabia rose 1.7% to 10,039 Abu Dhabi finished flat at 9,461 Dubai jumped 4% to 6,041 Qatar gained 2.8% to 9,884 Egypt leapt 2.8% to 50,650 Bahrain was up 0.5% to 8,919 Oman increased 0.5% to 7,261 Kuwait added 0.5% to 8,919 [...]

Smartphone financing framework remains unresolved as telcos seek PTA intervention
November 4, 2026 1:21
Smartphone financing framework remains unresolved as telcos seek PTA intervention

Pakistan’s efforts to expand smartphone ownership through installment financing face continuing regulatory and credit assessment challenges, despite a joint proposal by the country’s four major mobile operators seeking government intervention to facilitate wider access to affordable devices. Jazz, PTCL/Ufone, Telenor, and Zong submitted a joint letter to the Pakistan Telecommunication Authority (PTA) on May 7, 2026, calling for a regulatory framework to support smartphone financing and address repayment risks. The proposal included measures to deal with persistent defaults, with SIM blocking suggested as an ultimate recourse, subject to customer consent and consumer protection safeguards. Industry sources said that the proposed framework has yet to be finalized, leaving questions over repayment enforcement and consumer protections unresolved as Pakistan seeks to increase smartphone adoption, particularly among lower-income households. The issue has gained significance as millions of Pakistanis remain outside the mobile internet economy despite the availability of broadband networks. According to the Pakistan Bureau of Statistics’ Household Integrated Economic Survey 2024–25, only 50% of people aged 10 and above owned a mobile phone, including smartphones. Ownership stood at about 70% among males and 30% among females, reflecting a substantial gender disparity in personal device access. Separately, a GSMA report published in August 2025 estimated that mobile broadband networks covered about 80% of Pakistan’s population, but only 30% used mobile internet in 2024, pointing to barriers beyond network availability. The high upfront cost of smartphones, compounded by import dependence, duties, and taxes, remains a major obstacle for lower-income households. Although installment plans can spread payments over several months, many potential buyers lack formal income documentation or credit histories required by financing providers. Existing providers, including Kistpay, already offer smartphones on installments, including through partnerships with telecom operators. However, extending financing to informal workers and other underserved consumers presents challenges in assessing repayment capacity and managing defaults. A separate regulatory development could help address part of this problem. The State Bank of Pakistan (SBP) released draft Open Banking Regulations for public consultation on October 30, 2026, proposing a framework for secure, consent-based sharing of customers’ financial information. If implemented, the regulations could potentially enable financing providers to assess applicants using verified financial transaction records rather than relying exclusively on conventional credit histories and documented salaries. Such an approach could benefit consumers who regularly receive and make digital payments but have limited access to formal borrowing. However, its usefulness for smartphone financing would depend on the final regulations, availability of relevant data, and participation of authorized financial institutions. The joint proposal submitted by the four telecom operators also highlighted the need for a structured mechanism to manage repayment defaults and provide greater certainty to financing providers. It recommended a graduated approach to recovery, with SIM blocking proposed as an ultimate measure in cases of persistent default, subject to customer consent and appropriate safeguards. A finalized framework could establish clear responsibilities, standardized recovery procedures, and consumer protection requirements, including advance notifications, dispute resolution mechanisms, and provisions for genuine financial hardship. Such measures could help financing providers manage risks while supporting wider access to installment-based smartphone ownership. A potential framework could establish graduated recovery procedures, including payment reminders, advance notices, opportunities to resolve disputes, and restrictions on financed handsets before considering more consequential measures.Consumer protection provisions, including hardship arrangements and prompt restoration of services following repayment, would also be important in determining how such a system operates. Beyond financing, the cost of smartphones remains a separate challenge. A review of applicable duties and taxes, particularly on entry-level devices, could help reduce the amount consumers need to borrow and make installment plans more affordable. The combination of unresolved financing arrangements, limited credit visibility, and high device prices continues to constrain efforts to bring more Pakistanis online. With digital payments, education, employment opportunities, and public services increasingly accessed through smartphones, progress on device affordability and financing could play an important role in narrowing Pakistan’s digital usage gap. [...]

India's BSE posts higher second-quarter profit
November 4, 2026 12:49
India's BSE posts higher second-quarter profit

BENGALURU: India’s BSE Ltd reported a 45% rise in second-quarter profit on Wednesday, amid market share gains in the derivatives segment. The stock exchange operator posted a consolidated net profit of 8.09 billion rupees ($85.42 million) for the quarter ended September 30, a jump from 5.58 billion rupees a year earlier. Indian stocks post longest winning streak in nearly 5 months on FPI inflow hopes [...]

UK partnership opens more opportunities for Pakistanis to study in Britain
November 4, 2026 12:18
UK partnership opens more opportunities for Pakistanis to study in Britain

The UK Government’s Chevening programme and Allied Bank Limited (ABL) have launched a new partnership that will enable talented Pakistanis to pursue fully funded master’s degrees at leading UK universities. Allied Bank is the first organisation to establish a locally funded Chevening Scholarship partnership in Pakistan, bringing together the UK’s flagship international scholarship programme and Pakistan’s private sector to invest in the next generation of Pakistani leaders. Chevening partners with more than 140 organisations, including private companies, NGOs, foreign government departments, and UK universities. Under the Chevening-ABL Scholarship, two scholars will be supported each year over three academic years, starting in 2027-28. They will study subjects important to Pakistan’s future growth, including artificial intelligence, technology, cybersecurity, digital transformation, economics and financial inclusion. British High Commissioner Jane Marriott CMG OBE said: “Pakistan’s greatest strength is its people. This partnership will help impressive future leaders to study at world-leading UK universities and bring fresh ideas home. “It is especially fitting that a former Chevening Scholar is now opening the same door for the next generation.” The partnership also marks a full-circle moment for Allied Bank President and CEO Aizid Gill, who studied MSc Business Economics at the University of Manchester as a Chevening Scholar in 2001. Twenty-five years later, he is helping create the same opportunity for a new generation of Pakistani scholars. Aizid Gill, President and CEO of Allied Bank Limited, said: “The ABL-Chevening Scholarship is about giving talented Pakistanis the opportunity to learn, grow and bring that exposure back home. Through this partnership, Allied Bank strengthens its support towards enabling the next generation of leaders. We hope this support helps them build the required knowledge and skills to contribute meaningfully to the country’s future.” The first two Chevening-ABL scholars will be selected from the existing applicant pool for the 2027-28 academic year. Applications for the 2028-29 Chevening-ABL Scholarships are expected to open as part of the Chevening application cycle in August 2027, with successful candidates beginning their studies in the UK in 2028. [...]

HBL expects investment yields to rise as floating-rate securities reprice
November 4, 2026 12:17
HBL expects investment yields to rise as floating-rate securities reprice

Habib Bank Limited (HBL), one of Pakistan’s largest commercial banks, expects yields on its investment portfolio to gradually increase as floating-rate securities reprice, the bank’s management said on Wednesday, while highlighting strong deposit growth, digital banking expansion and resilient asset quality. During an analyst briefing session, attended by KTrade, held to discuss the third-quarter results, HBL said floating-rate securities accounted for around 60% of its investment portfolio as of September 2026, while medium-term bonds (MTBs) and fixed-rate securities represented 15% and 25%, respectively. The fixed-rate portfolio had a duration of 3.2 years, while the overall investment portfolio had a duration of around 1.12 years. The bank also increased its Pakistan Investment Bond (PIB) holdings by approximately Rs450 billion between the second and third quarters of 2026. HBL reported earnings of Rs19.6 billion, or Rs13.33 per share, for the third quarter of calendar year 2026, up 6.5% from the preceding quarter, in line with market expectations. It also announced an interim cash dividend of Rs6 per share. The bank’s current account deposits increased 15%, or Rs273 billion, during the nine months ended September 2026, taking their share of total deposits to 40% from 38% at the end of December 2025. HBL said its Islamic banking business continued to expand, with Islamic deposits reaching Rs1.3 trillion in September 2026. Around 36% of its branch network was Islamic, comprising approximately 658 Islamic branches and 500 Islamic windows. The bank operates more than 2,000 branches and added around 84 branches during the nine months. Its core banking migration to Temenos is also progressing, with 800 branches already migrated and further milestones expected in 2027. On the lending side, domestic advances recorded growth across corporate and commercial segments, alongside an expansion in international lending. HBL’s consumer financing portfolio crossed Rs200 billion, the largest in the market, while credit card receivables reached Rs66 billion. Islamic financing accounted for around 20% of the bank’s overall loan portfolio. Asset quality remained strong, with the infection ratio at 4.5% and specific coverage at 85%, supplemented by general provisions, the bank said. HBL also reported a 76% year-on-year increase in foreign exchange income, alongside strong fee income growth. Digital banking activity continued to gain traction, with mobile application throughput rising 36%. Digital over-the-counter transactions accounted for 94.6% of total transactions, leaving 5.4% conducted through physical branches. On regulatory requirements, management said HBL was already compliant with the State Bank of Pakistan’s phased requirement to reclassify its banking-book other comprehensive income portfolio into the trading book. The bank’s management expects no incremental capital requirement or impact on its Common Equity Tier 1 ratio from completing the reclassification. Separately, HBL’s management said it expected a favourable outcome in an ongoing civil liability case in New York, clarifying that the proceedings were separate from previously discussed penalty-related matters. The proceedings are progressing according to schedule, with management anticipating a relatively early conclusion, although the US legal process could take time. [...]

Rich countries fall far short on climate adaptation funding, UN says
November 4, 2026 12:00
Rich countries fall far short on climate adaptation funding, UN says

LONDON: Rich countries are falling well short of the $305 billion needed each year to help developing nations adapt to climate change, even as extreme weather events become more frequent and severe, a UN report said on Wednesday. Funding from developed countries rose by $1 billion to $28.2 billion in 2024, but remained a fraction of what is required to help poorer nations cope with worsening heatwaves, droughts, wildfires and floods, the UN’s 2026 Adaptation Gap Report found. Countries are preparing to meet in Turkey on November 9 to 20 for the next round of climate talks, where negotiators will examine why nations remain off track to meet a COP29 pledge made in Baku to deliver $300 billion a year in climate finance to developing countries — close to the UN’s estimated requirement of $305 billion. With global temperatures projected to exceed the critical 1.5 degrees Celsius (2.7 degrees ​Fahrenheit) threshold within a few years, countries need to accelerate efforts to adapt by restoring ecosystems and strengthening infrastructure. Karandaaz secures green climate fund accreditation The report said an agreement at last year’s climate talks in Brazil to triple adaptation finance for developing countries, with the aim of reaching $120 billion a year by 2035, would still leave a funding gap of more than two-thirds. Adaptation finance needs in developing countries are expected to reach $420 billion a year by 2035, the report found. “The world is not ready to adapt to current climatic conditions, never mind what overshoot of 1.5 C will bring,” said Inger Andersen, executive director of the UN Environment Programme. The report also pointed to growth in other sources of funding. Financing from multilateral development banks is likely to have increased significantly in 2025, while financial flows between developing countries have continued to rise. Funding channelled through development banks and between developing countries more than doubled to $9.6 billion in 2024 from $3.8 billion in 2019, it said. [...]

Spain's Sanchez reshuffles cabinet after transport minister quits over train crashes
November 4, 2026 11:56
Spain's Sanchez reshuffles cabinet after transport minister quits over train crashes

MADRID: Spanish Prime Minister Pedro Sanchez said on Wednesday his deputy, Carlos Cuerpo, would provisionally run the Transport Ministry after Oscar Puente’s resignation over two deadly high-speed train crashes this year. Puente’s move six days after this year’s second traumatic rail accident has left the ruling Socialists fighting an election campaign without one of their most combative, but also polarising, voices. In a brief televised address, Sanchez praised Puente for his political dignity, saying his decision helped the country regain confidence in the rail system. Announcing his replacement by Cuerpo, who is also Spain’s economy minister, Sanchez said: “Cuerpo has shown in this legislature an enormous capacity for management and integrity.” Puente surprised lawmakers by quietly announcing he was stepping down on Tuesday night following a tense four-hour grilling by lawmakers from a caretaker parliament body, in which most parties demanded he face responsibility for the two rail disasters that have killed 115 people combined. Independent political analyst Eduardo Bayon said Puente’s resignation deprived the opposition People’s Party (PP) of its main target, forcing a shift in the conversation from arguing over who should go to what should be done. Spanish minister refuses to resign over second major train crash on his watch “The government needs to fill that void with concrete railway security and investment measures — trust in high-speed rail will remain a campaign topic,” Bayon added. ‘We are not all the same’ One of Sanchez’s most loyal and high-profile ministers, Puente had previously vowed to stay on to tackle the investigation into last week’s crash and fix the system’s flaws, despite widespread calls for his exit from both the opposition and coalition partners. But on Tuesday, the 57-year-old minister revealed he had in fact already made his decision in the immediate aftermath of the train crash in central Spain’s Urda, only telling his family while keeping even Sanchez in the dark. “Politicians like (Puente) bring honour to our country and show us that we are not all the same. Whilst some merely preach, others give their all,” Sanchez said after Puente’s announcement. PP leader Alberto Nunez Feijoo responded to Sanchez’s post on X lauding Puente for stepping aside by saying the prime minister should do the same. “Apply this to yourself,” he wrote. At least 68 people dead in Spain’s second major train crash this year ‘Attack dog’ Puente’s resignation will only become effective once it is published in the official state gazette. He also said he would not stand as a candidate in the upcoming November 29 election. Polls run following last Wednesday’s deadly crash showed a slight drop in support for the ruling Socialists, who had hoped to fight this election campaign on their ability to uphold social services and revert a housing crisis. A lawyer as well as a former mayor and stage actor, Puente took on the transport post in November 2023, overseeing the expansion of Spain’s rail network and rollout of investments supported in part by EU recovery funds. The minister has for years been heavily criticised by unions and opposition parties for underinvestment in maintenance and increased disruptions, culminating in a Senate motion demanding his resignation in February after a fatal crash on the same Madrid-Seville line where last Wednesday’s collision occurred. Dubbed Sanchez’s “attack dog” by media commentators, he frequently traded barbs with rivals on X or in parliament with a pugnacious style that led him to become a top contender in discussions over Sanchez’s eventual succession. [...]

Copper rebounds from 3-month low as tightness offsets tariff, AI fears
November 4, 2026 11:47
Copper rebounds from 3-month low as tightness offsets tariff, AI fears

LONDON: Copper prices rebounded on Wednesday from their weakest in three months as initial fears about the impact of the US election on tariffs and AI data centres were offset by healthy demand and shortages outside the US. Benchmark three-month copper on the London Metal Exchange was up 0.5% at $14,103 a metric ton by 1115 GMT. It earlier fell as much as 1.5% to its lowest since August 3. The sharp losses were a knee-jerk reaction to the results of the US elections on Tuesday, in which Democrats seized control of both the Senate and House of Representatives, said Ole Hansen, head of commodity strategy at Saxo Bank. “You could initially think that copper could be the one to be hurt the most since the market may lower its expectations for tariffs,” he said. “They may also focus on the AI trade given how data centres suddenly became such a big issue in the final part of the election.” The prospect of US tariffs on refined copper has spurred a large flow of metal to the US, creating shortages elsewhere and propping up prices, but any announcement that tariffs would not be imposed would free up that overhang and weigh on the market. President Donald Trump has been a big supporter of the AI sector, which is expected to give a boost to copper demand from its use in infrastructure, but growing numbers of communities are opposing data centres. Copper prices were supported, however, by continuing firm demand and shortages in top metals consumer China. The Yangshan copper premium, a gauge of demand for imported metal, remained near $200 a ton — its highest in more than a decade. Also boosting the metals market was a recovery in global stock markets and a weaker dollar index, making commodities priced in the US currency cheaper for buyers using other currencies. Among other metals, aluminium gained 1% to $3,075 a ton, zinc rose 1.3% to $3,839, lead added 0.3% to $1,890, nickel advanced 2.2% to $15,685 and tin rose 0.9% to $47,850. [...]

Financial stocks lift Sri Lankan shares higher
November 4, 2026 11:29
Financial stocks lift Sri Lankan shares higher

Sri Lankan shares closed higher on Wednesday, led by financial stocks. The CSE All-Share index settled 2.09% higher at 20,541.12 points Commercial Bank of Ceylon PLC, Dialog Axiata PLC and Hatton National Bank PLC were among the biggest boosts to the index, up 1.8%, 2.5% and 1.9%, respectively. Trading volume on the index rose to 119.5 million shares from 61.9 million shares in the previous session. The equity market’s turnover rose to 3.87 billion Sri Lankan rupees ($11.64 million) from 1.52 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 158.8 million rupees, while domestic investors were net buyers, purchasing shares worth 3.84 billion rupees, the data showed. [...]

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 Prime... [...]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

James Talarico slams ICE, says he will hold Trump accountable after Texas Senate win
November 4, 2026 3:59
James Talarico slams ICE, says he will hold Trump accountable after Texas Senate win

Talarico said Democrats should not rule out cooperation with Trump on policies that benefit ordinary AmericansTexas Senator-elect James Talarico says Democrats must hold US President Donald Trump's administration accountable while remaining willing to work with Republicans to address the needs of... [...]

Global leaders react to Democratic midterm sweep, weighing shifts in US foreign policy
November 4, 2026 3:42
Global leaders react to Democratic midterm sweep, weighing shifts in US foreign policy

Global leaders react to Democratic midterm sweep, weighing shifts in US foreign policyInternational politicians and global leaders have reacted strongly to the sweeping Democratic victories in the U.S. midterm elections, viewing the results as a major political rebuke of Donald Trump's... [...]

Abdul El-Sayed signals support for new Senate leadership after historic Michigan win
November 4, 2026 3:39
Abdul El-Sayed signals support for new Senate leadership after historic Michigan win

Abdul El-Sayed signals support for new Senate leadership after historic Michigan winMichigan Senator-elect Abdul El-Sayed has declined to endorse Chuck Schumer as the next Senate majority leader, saying he wants to consider other candidates following Democrats' midterm election victories.Speaking... [...]

Andy Burnham says US midterm results offer chance to ease global cost-of-living crisis
November 4, 2026 2:53
Andy Burnham says US midterm results offer chance to ease global cost-of-living crisis

Andy Burnham says US midterm results offer chance to ease global cost-of-living crisisBritish Prime Minister Andy Burnham says the Republican Party's defeat in the US midterm elections presents an opportunity for world leaders to work together to end the Iran war and tackle rising living... [...]

US dollar index hits 1-month low at 101.41 after midterms
November 4, 2026 10:59
US dollar index hits 1-month low at 101.41 after midterms

US dollar index hits 1-month low at 101.41 after midtermsA blue wave moved currency markets before Washington finished counting. The US dollar index slid to a one-month low of 101.41 on Wednesday after Democrats captured both the Senate and the House.According to Reuters, traders aren't only... [...]

Wave of hoax bomb threats disrupts flights across Europe, triggering scrambled jets and airport closures
November 4, 2026 9:53
Wave of hoax bomb threats disrupts flights across Europe, triggering scrambled jets and airport closures

Wave of hoax bomb threats disrupts flights across Europe, triggering scrambled jets and airport closuresA string of coordinated bomb threats disrupted commercial aviation across multiple European countries, forcing emergency protocols, flight diversions, and temporary airport closures.Authorities... [...]

Who is Abdul El-Sayed? First Muslim elected to US Senate
November 4, 2026 8:31
Who is Abdul El-Sayed? First Muslim elected to US Senate

Who is Abdul El-Sayed? First Muslim elected to US SenateDemocrat Abdul El-Sayed just became first Muslim elected to US Senate, that too while preserving a crucial Democratic ‌seat in the party’s fight for Senate control.What is pertinent to mention is that El-Sayed’s victory marked a... [...]

Journalist recalls moment Texas turned Blue at 2026 US Midterm elections
November 4, 2026 8:06
Journalist recalls moment Texas turned Blue at 2026 US Midterm elections

Texas just turned Blue and this has turned history on its head for the very first time. The entire thing has been shared as a first-hand account by senior news reporter Jack Hobbs, straight from the room where the make-or-break moment happened. What is pertinent to mention is that Texas was last... [...]

What will change now that Democrats won 2026 Midterm elections? Everything to know
November 4, 2026 7:12
What will change now that Democrats won 2026 Midterm elections? Everything to know

Democratic US Senate candidate and Texas State Representative James Talarico speaks after his victory in the US midterm elections during an Election Night rally in Austin, Texas, US, November 3, 2026Democrats took control of Congress in Tuesday's US midterm elections, making extraordinary gains... [...]

Elon Musk sinks $445 million: Here's what happened
November 4, 2026 7:05
Elon Musk sinks $445 million: Here's what happened

Elon Musk sinks $445 million: Here’s what happenedAs a major doner to the Republican party, Elon Musk just suffered a major loss, worth over $445 million – all because both Senate and Congress seats were swooped up by the Democrats in the 2026 Midterm elections. According to the BBC, there was... [...]

Trump outlines post-midterm strategy, vows to use 'veto power' to block legislation if Democrats take over Congress
November 4, 2026 6:27
Trump outlines post-midterm strategy, vows to use 'veto power' to block legislation if Democrats take over Congress

Trump outlines post-midterm strategy, vows to use 'veto power' to block legislation if Democrats take over CongressFollowing the United States midterm elections which saw Democrats projected to win back control of Congress—President Trump joined Fox News anchor Bret Baier for an interview to... [...]

Keisha Lance Bottoms becomes first Black woman elected governor of US state
November 4, 2026 5:47
Keisha Lance Bottoms becomes first Black woman elected governor of US state

Keisha Lance Bottoms becomes first Black woman elected governor of US stateDemocratic candidate Keisha Lance Bottoms won the Georgia gubernatorial election, defeating Republican businessman Rick Jackson.With this historic victory, she breaks multiple barriers to become the first Black woman ever... [...]

President Donald Trump reacts to US Midterm Election 2026 results
November 4, 2026 5:46
President Donald Trump reacts to US Midterm Election 2026 results

President Donald Trump reacts to Republican loss in Senate & Congress: US Midterm Election 2026Minutes into the Democrats landslide win, in both the Senate and the Congress, the President of the United States of America just gave his raw reaction to the opposition’s win. According to Fox News he... [...]

Senate Democratic Leader Chuck Schumer issues statement on US Midterm 2026 Elections win
November 4, 2026 5:35
Senate Democratic Leader Chuck Schumer issues statement on US Midterm 2026 Elections win

Senate Democratic Leader Chuck Schumer issues statement on US Midterm 2026 Elections winThe winning party who swept up the majority seats in both the Senate and the Congress have released a joint statement. According to The Independent the two leaders, Senate Democratic Leader Chuck Schumer and... [...]

Democrats win Congress in US Midterm Election 2026
November 4, 2026 5:13
Democrats win Congress in US Midterm Election 2026

Democrats win Congress in US Midterm Election 2026Democrats captured majorities in both the Senate and House on Tuesday, scoring sweeping victories that reached deep into Republican strongholds as tens of millions of voters delivered a scathing rebuke to ​President Donald Trump.The size and... [...]

بانی چیئرمین کی صحت سے کھلواڑ کیا جارہا ہے جو قبول نہیں، سلمان اکرم راجا
November 4, 2026 2:11
بانی چیئرمین کی صحت سے کھلواڑ کیا جارہا ہے جو قبول نہیں، سلمان اکرم راجا

اپوزیشن جماعت پاکستان تحریک انصاف کے سیکریٹری جنرل سلمان اکرم راجا نے کہا ہے کہ بانی چیئرمین کی صحت کے ساتھ کھلواڑ کیا جا رہا ہے جو... [...]

مریم نواز کا خانیوال بیوٹیفکیشن پلان میں گھپلوں کا نوٹس، سابق ڈی سی کو شامل تفتیش کرنے کی ہدایت
November 4, 2026 2:11
مریم نواز کا خانیوال بیوٹیفکیشن پلان میں گھپلوں کا نوٹس، سابق ڈی سی کو شامل تفتیش کرنے کی ہدایت

فائل فوٹو۔وزیراعلیٰ مریم نواز نے خانیوال کے بیوٹیفکیشن پلان میں مبینہ گھپلوں کا نوٹس لے لیا اور ٹھیکیدار کو پیشگی ادائیگی پر سابق... [...]

وفاقی کابینہ نے نئے کرنسی نوٹوں کے ڈیزائن کی منظوری دے دی
November 4, 2026 1:11
وفاقی کابینہ نے نئے کرنسی نوٹوں کے ڈیزائن کی منظوری دے دی

وفاقی کابینہ نے وزارتِ خزانہ کی سفارش پر نئے کرنسی نوٹوں کے ڈیزائن کی منظوری دے دی۔ اس حوالے سے جاری اعلامیہ کے مطابق حکام نے بتایا... [...]

چوہدری سالک کا لیگل نوٹس کا بھرپور جواب دینے کا اعلان
November 4, 2026 1:11
چوہدری سالک کا لیگل نوٹس کا بھرپور جواب دینے کا اعلان

وفاقی وزیر چوہدری سالک حسین نے لیگل نوٹس کا بھرپور جواب دینے کا اعلان کردیا۔پارلیمنٹ ہاؤس اسلام آباد میں میڈیا سے گفتگو میں چوہدری... [...]

سعودی عرب کے ساتھ 3 ارب ڈالر قرض رول اوور ہوچکا، وزیر خزانہ
November 4, 2026 1:11
سعودی عرب کے ساتھ 3 ارب ڈالر قرض رول اوور ہوچکا، وزیر خزانہ

وفاقی وزیر خزانہ سینیٹر محمد اورنگزیب نے کہا ہے کہ سعودی عرب کے ساتھ 3 ارب ڈالر قرض رول اوور ہوچکا ہے۔پارلیمنٹ ہاؤس اسلام آباد میں... [...]

حکومت کو ون کانسٹیٹیوشن کا قانونی قبضہ مل گیا ہے: محسن نقوی
November 4, 2026 1:11
حکومت کو ون کانسٹیٹیوشن کا قانونی قبضہ مل گیا ہے: محسن نقوی

محسن نقوی - فوٹو: اسکرین گریبوفاقی وزیر داخلہ محسن نقوی نے کہا ہے کہ حکومت کو ون کانسٹیٹیوشن کا قانونی قبضہ مل گیا ہے۔ اسلام آباد میں... [...]

سالک صاحب نوٹس کا جواب دیں، کرپشن کے ثبوت پیش کریں یا معافی مانگیں: عظمیٰ بخاری
November 4, 2026 1:11
سالک صاحب نوٹس کا جواب دیں، کرپشن کے ثبوت پیش کریں یا معافی مانگیں: عظمیٰ بخاری

کولاج فوٹو: فائلوزیر اطلاعات پنجاب عظمیٰ بخاری نے کہا ہے کہ سالک صاحب وزیراعلیٰ پنجاب کے نوٹس کا جواب دیں۔ کرپشن کے ثبوت پیش کریں یا... [...]

اسلام کوٹ: کلہاڑی کے وار سے بھینس کو زخمی کردیا گیا
November 4, 2026 1:11
اسلام کوٹ: کلہاڑی کے وار سے بھینس کو زخمی کردیا گیا

اسلام کوٹ کے قریب نامعلوم افراد نے بھینس کو کلہاڑی کے وار سے زخمی کر دیا۔پولیس کا کہنا ہے کہ واقعہ گاؤں تھاریو ہالیپوٹو میں پیش آیا،... [...]

معاشی استحکام ترجیح ہے، اسے دوبارہ حاصل کرنے میں سالوں لگ جاتے ہیں: محمد اورنگزیب
November 4, 2026 12:11
معاشی استحکام ترجیح ہے، اسے دوبارہ حاصل کرنے میں سالوں لگ جاتے ہیں: محمد اورنگزیب

فوٹو: فائلوزیر خزانہ محمد اورنگزیب نے کہا ہے کہ معاشی استحکام برقرار رکھنا بنیادی ترجیح ہے۔ معاشی استحکام کھونا آسان، اسے دوبارہ... [...]

حکومت 3 سال پہلے بنے قانون کے بالکل برعکس ترامیم کر رہی ہے، سلیم مانڈوی والا
November 4, 2026 12:11
حکومت 3 سال پہلے بنے قانون کے بالکل برعکس ترامیم کر رہی ہے، سلیم مانڈوی والا

سینیٹ کی قائمہ کمیٹی برائے خزانہ کے سربراہ سینیٹر سلیم مانڈوی والا نے کہا ہے کہ حکومت 3 سال پہلے بنائے گئے قانون کے بالکل برعکس ترامیم... [...]

کراچی کی خستہ حال سڑکیں، پیپلز بس پر اثر انداز، روٹ آر تھری اب ناصر جمپ تک نہیں جائے گی
November 4, 2026 12:11
کراچی کی خستہ حال سڑکیں، پیپلز بس پر اثر انداز، روٹ آر تھری اب ناصر جمپ تک نہیں جائے گی

فائل فوٹو۔کراچی کی سڑکوں کی خستہ حالی اب پیپلز بس سروس کے روٹس پر اثر انداز ہونے لگے ہیں اور پاور ہاؤس چورنگی سے ناصر جمپ تک چلنے... [...]

جیل میں شاہ محمود قریشی کی طبیعت ناساز، چہل قدمی کے دوران گر پڑے
November 4, 2026 12:11
جیل میں شاہ محمود قریشی کی طبیعت ناساز، چہل قدمی کے دوران گر پڑے

  پاکستان تحریک انصاف کے رہنما شاہ محمود قریشی کے وکیل بیرسٹر تیمور ملک نے کہا کہ کوٹ لکھپت جیل میں شاہ محمود قریشی کی طبیعت ناساز... [...]

ون کانسٹیٹیوشن ایونیو کے نام پر فراڈ، بےقاعدگیوں میں سی ڈی اے نے کوتاہی کی، احسن اقبال
November 4, 2026 12:11
ون کانسٹیٹیوشن ایونیو کے نام پر فراڈ، بےقاعدگیوں میں سی ڈی اے نے کوتاہی کی، احسن اقبال

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November 4, 2026 12:11
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November 4, 2026 11:11
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November 4, 2026 12:11
ٹرمپ کا فوجی امداد بند کرنے کا اعلان، اسرائیلی پریشان، نیتن یاہو سے استعفے کا مطالبہ

نیتن یاہو: فوٹو اسرائیلی میڈیا امریکی صدر ڈونلڈ ٹرمپ کی جانب سے اسرائیل کی 4 ارب ڈالر سالانہ فوجی امداد بند کرنے کا اعلان کردیا گیا،... [...]

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November 4, 2026 11:11
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November 4, 2026 11:11
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November 4, 2026 10:11
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November 4, 2026 10:11
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November 4, 2026 10:11
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November 4, 2026 10:11
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November 4, 2026 10:11
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November 4, 2026 9:11
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امریکی وسط مدتی انتخابات کے نتائج سخت گیر دائیں بازو کیلئے بڑا دھچکا ہیں: ہسپانوی وزیرِاعظم
November 4, 2026 9:11
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November 4, 2026 9:11
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November 4, 2026 8:11
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November 4, 2026 8:11
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November 4, 2026 2:11
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November 4, 2026 2:11
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رانا عابد حسین ای یو پاک فرینڈشپ فیڈریشن کے جاپان اور جنوبی کوریا کے صدر مقرر
November 4, 2026 1:11
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November 4, 2026 9:11
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November 4, 2026 8:11
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November 4, 2026 8:11
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November 4, 2026 7:11
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November 4, 2026 5:11
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November 3, 2026 1:11
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November 3, 2026 11:11
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فوٹو: فائلملک میں آج سونے کی فی تولہ قیمت گزشتہ روز پر برقرار ہے۔ آل پاکستان جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق ملک میں فی تولہ... [...]

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November 3, 2026 4:11
شمالی کوریا نے بائنانس سے 6.3 ارب ڈالرز کی چوری میں ملوث ہونے کے ایف بی آئی کے الزام کو مسترد کر دیا

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November 3, 2026 3:11
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November 2, 2026 1:11
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وزیر خزانہ کا بینکوں کو سائبر حملوں کے خطرات میں حفاظتی انتظامات موثر بنانے کا مشورہ
November 2, 2026 1:11
وزیر خزانہ کا بینکوں کو سائبر حملوں کے خطرات میں حفاظتی انتظامات موثر بنانے کا مشورہ

وزیر خزانہ سینیٹر محمد اورنگزیب نے بینکوں کو سائبر حملوں کے خطرات سے نمٹنے کےلیے حفاظتی انتظامات موثر بنانے کا مشورہ دیدیا۔پاکستان... [...]

امریکا، ایران مذاکرات کی خبریں، خام تیل 3 فیصد سستا ہوگیا
November 2, 2026 12:11
امریکا، ایران مذاکرات کی خبریں، خام تیل 3 فیصد سستا ہوگیا

امریکا اور ایران کے درمیان مذاکرات کی خبروں کے باعث خام تیل کی قیمتیں 3 فیصد سے زائد کی کمی ہوگئی۔برینٹ 110 ڈالر فی بیرل پر آگیا جبکہ... [...]

Depressing, but true: If you want to get ahead at work, embrace virtue signaling
November 4, 2026 3:33
Depressing, but true: If you want to get ahead at work, embrace virtue signaling

Strategically embracing the right symbols in the office really can advance your career. [...]

Micron and other chip stocks slip as election results strike at the core of data-center optimism
November 4, 2026 3:17
Micron and other chip stocks slip as election results strike at the core of data-center optimism

Democratic victories in Texas and other states raise long-term questions about the AI buildout, though they do not “unwind projects already funded.” [...]

Datadog’s stock extends steep declines in the wake of earnings
November 4, 2026 3:16
Datadog’s stock extends steep declines in the wake of earnings

Datadog failed to top expectations with its revenue forecast. [...]

Qualcomm sat out the semiconductor rally. Can a SpaceX partnership change that?
November 4, 2026 3:13
Qualcomm sat out the semiconductor rally. Can a SpaceX partnership change that?

The company is furthering its expansion outside of the handset market — by powering Starlink Mobile. [...]

Three things that explain what’s changing with Obamacare in 2027
November 4, 2026 3:03
Three things that explain what’s changing with Obamacare in 2027

Affordable Care Act premiums are increasing again, and these plans have new rules. [...]

Midterm elections deliver a ‘blue wave.’ The stock market sees green.
November 4, 2026 2:59
Midterm elections deliver a ‘blue wave.’ The stock market sees green.

Wall Street finds reasons to cheer the Democrats’ sweep. Plus: Microsoft’s AI-era buyouts and a retiree’s appetite for a “free lunch.” [...]

Big Tech’s $500 billion spending spree leaves a lot less for shareholders
November 4, 2026 2:39
Big Tech’s $500 billion spending spree leaves a lot less for shareholders

AI is changing the bargain between large technology companies and their shareholders, [...]

CVS Health plans to split in two. Here’s what is driving the massive healthcare breakup.
November 4, 2026 2:33
CVS Health plans to split in two. Here’s what is driving the massive healthcare breakup.

The healthcare giant surprised analysts with the decision to separate its business. Its stock is down. [...]

The internet is ‘dying’: AI is eating it and obliterating these business models
November 4, 2026 2:05
The internet is ‘dying’: AI is eating it and obliterating these business models

“The internet as we’ve known it for the past 20-plus years is going away, and it’s going to completely change,” one CEO says. [...]

Learning from ‘Love Is Blind’ money drama
November 4, 2026 1:58
Learning from ‘Love Is Blind’ money drama

Hear me out: These reality-TV couples are having really important conversations about love and money heading into tonight’s finale. [...]

Dow opens 1,000 points higher, heading for one of its top days of 2026
November 4, 2026 2:31
Tesla and SpaceX shares slide as Musk’s political push falls flat
November 4, 2026 1:47
Economic report: ADP jobs report and manufacturing, trade data coming
November 4, 2026 12:15
Here's the silver lining to the AI trade after the Democratic sweep
November 4, 2026 11:19
Democratic win will lift next year's fiscal spending by 0.25% of GDP: Goldman
November 4, 2026 10:59
U.S. dollar is still under pressure even as stock futures rise: markets live
November 4, 2026 10:29
Dow futures now point to 500-point opening gain: markets live
November 4, 2026 9:49
JPMorgan strategists say midterm election was a 'clearing event': markets live
November 4, 2026 8:57
Ossoff now leads in prediction markets for 2028 nomination: live coverage
November 4, 2026 8:15
Gold surpasses $4,000 mark after midterm election: markets live
November 4, 2026 7:55
Jobless claims fall to lowest level since mid-May
July 3, 2025 12:36
Jobless claims stay low in latest week
February 13, 2025 1:33
Consumer credit growth soars in December
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U.S. productivity slows down in fourth quarter while unit labor costs accelerate
February 6, 2025 1:34
Beyond to buy rights to Buy Buy Baby brand and reunite it with Bed Bath & Beyond
February 3, 2025 1:46
Trump asks Supreme Court to pause TikTok ban
December 28, 2024 12:32
Amazon says it had best-ever Thanksgiving Holiday week with record sales and number of items sold
December 3, 2024 2:05
U.S. stock futures and bond yields drop on reports Putin has updated nuclear doctrine
November 19, 2024 8:55
Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal
November 13, 2024 1:52
General Motors unveils new all-electric Cadillac called the Vistiq with 300-mile range
November 12, 2024 1:53
Vestas Wind Systems stock slumps as company says margins to be at low end of guidance
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Burberry shares rise on report Moncler could bid for it
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Kazatomprom reports 17% increase in production during the third quarter
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