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PSX: Volatility at bourse, KSE-100 gains nearly 400 points
September 4, 2026 12:07
PSX: Volatility at bourse, KSE-100 gains nearly 400 points

The Pakistan Stock Exchange (PSX) witnessed a volatile trading session, with the benchmark KSE-100 Index swinging both ways before closing the week on a positive note. The benchmark index opened the session on a weak note, falling sharply from around the 175,300 level to an intraday low of 174,515.38. It subsequently staged a recovery, as buying interest then emerged, particularly around the midday session. In the final phase of trading, buying momentum accelerated, lifting the index sharply to an intraday high of 175,418.29. At close, the KSE-100 settled at 175,328.82, up 399.14 points, or 0.23%. On Thursday, PSX remained highly volatile as rising international oil prices amid ongoing geopolitical conflicts kept investors cautious, although late-session profit-taking failed to erase a modest recovery in the benchmark KSE-100 Index. The benchmark KSE-100 Index gained 153.09 points, or 0.09%, to close at 174,929.69, Globally, Asian shares rose on Friday as investors embraced a global rally ahead of crucial U.S. jobs data, while bonds found some much-needed relief after a top Federal Reserve official cooled rate-hike fears and dragged the dollar lower. The dollar’s retreat turbocharged a rally in the yen, ‌which has gained 2.6% this week to trade at 155.7 a dollar, putting it within striking distance of the 155.2 level reached after joint intervention by Tokyo and Washington in late July. In remarks at a Reuters NEXT Newsmaker event, Federal Reserve Governor Christopher Waller said that recent data suggested some signs of disinflation and that, if upcoming reports reinforced that trend, he would favour holding rates steady ​at this month’s policy meeting. Futures were quick to scale back the chance of a rate hike this month to just 50%, from about 63% a ​day ago. Those expectations had surged in recent sessions as a global bond rout drove long-dated yields to multi-year highs, fuelled ⁠by concerns over stubborn inflation, swelling government debt and geopolitical tensions. In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%, tracking broad gains on Wall Street, but that was not enough to offset earlier losses, with the index still down 0.4% for the week. Japan’s Nikkei gained 0.8% but was down ​2.7% this week. Chinese blue-chips rallied 1%, and South Korea’s KOSPI increased 1.1%. [...]

World food prices at highest since 2022 as supply risks mount, FAO says
September 4, 2026 11:40
World food prices at highest since 2022 as supply risks mount, FAO says

PARIS: World food prices rose in August to their highest since late 2022, as adverse weather and war disruption in the Black Sea heightened concern over supply of staples, the United Nations’ Food and Agriculture Organization said on Friday. Extreme heat and drought in Europe, the threat of a severe El Nino weather pattern and trade upheaval caused by the Ukraine and Iran wars have unsettled agricultural markets, pushing grain prices to three-year highs and sugar to a one-year peak. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 133.3 points in August, up from July’s revised reading of 130.8. That was the highest score since November 2022, though nearly 17% below a record peak from March 2022, after Russia’s full-scale invasion of Ukraine. Pakistan pursuing comprehensive strategy to strengthen food security, food safety: PM Shehbaz “August’s increase in global food prices is a warning that the risk premium is returning to food markets: climate shocks, geopolitical tensions and disrupted trade logistics are converging to tighten supply expectations,” FAO Chief Economist Maximo Torero said in a statement. The FAO’s price benchmarks for cereals, vegetable oils, sugar, meat and dairy all rose in August. The extreme weather in Europe affected prospects for the maize (corn) and sugar beet harvests as well as livestock output, while the anticipated El Nino phenomenon fueled concerns for palm oil and sugar output in Asia, it said. Escalating attacks in the Black Sea have curtailed grain shipments from Russia and Ukraine in their 4-1/2-year-old war, while the U.S.-Iran conflict was straining flows of fertilizer for crops. Sri Lanka’s inflation index up 8% year-on-year in August on higher food prices Among food categories, FAO’s cereals price index rose 2.2% month-on-month to its highest since May 2024, and the vegetable oil index edged up 0.6% to its highest since June 2022. The agency’s sugar benchmark jumped 11.9% to its highest since June 2025, with lower production in Brazil’s crucial center-south region adding to weather concerns in Europe and Asia. In a separate report, the agency cut its 2026 global cereal production forecast by 3.4 million metric tons from a previous estimate in July to 2.980 billion tons, now 2.0% below 2025 in the largest annual decline since 2018. Projected output would still be the second-largest on record, however. Forecast world cereal stocks at the close of 2026/2027 were revised down 1.1% to 947.2 million tons, now only marginally above the previous season. A reduced estimate of coarse grain stocks outweighed an upward revision for wheat that reflected an anticipated build-up in Russian and Ukrainian stocks due to shipping disruption, the FAO said. [...]

India's REC set to debut tokenised corporate bond sale next week, bankers say
September 4, 2026 11:27
India's REC set to debut tokenised corporate bond sale next week, bankers say

MUMBAI: India will launch tokenized corporate bonds next week, as state-run REC aims to raise 5 billion rupees ($52.92 million) through bonds maturing in one year and eight months, three merchant bankers said on Friday. This would be India’s first debt issue to use blockchain technology to enable instant settlement of bond transactions, placing the country alongside markets such as Europe and Hong Kong in using the technology for issuance and settlement. Tokenised bonds are securities whose ownership, issuance, trading and settlement are recorded digitally on a blockchain or distributed ledger. The Reserve Bank of India’s digital currency will be used to buy the bonds. India debt investors call for higher short-term borrowing to absorb excess cash, sources say The base issue size is one billion rupees, and REC will have a greenshoe option of retaining an additional four billion rupees, with the bidding for the sale set to take place on Monday, bankers said. Only investors with active security and CBDC wallets would be allowed to place bids for the issue. Last week, Reuters had reported that India’s markets regulator and the central bank are working together on pushing the technology, citing sources close to the development, with a pilot issue set for launch in early September. [...]

Copper edges up on thinning stocks, eyes 10-week winning streak
September 4, 2026 11:23
Copper edges up on thinning stocks, eyes 10-week winning streak

Copper ticked higher on Friday and was set to post a 10th straight weekly rise, as thinning inventories outside the U.S. and a soft dollar lent support. Benchmark three-month copper on the London Metal Exchange was up 0.3% at $14,373 a metric ton as of 0900 GMT, moving closer to its all-time peak of $14,527.50. The metal was on course for a 0.5% gain this week. It has risen every week since the week beginning June 29 as ballooning inventories in the U.S. in anticipation of possible import tariffs tighten the market elsewhere. U.S. copper imports in July hit their highest level on record, while Shanghai Futures Exchange data on Friday showed copper inventories fell 13% from last week to 63,000 tons, the lowest since January 2024. LME copper stocks dipped by 475 tons, and there were orders to withdraw another 1,550 tons. The tariff uncertainty should continue to support copper, although already elevated prices are “likely to limit near-term gains,” BMI, a unit of Fitch Solutions, said in a note. The dollar slumped overnight on fading rate hike expectations after dovish comments by Federal Reserve Governor Christopher Waller. A cheaper dollar can support greenback-denominated commodities by making them more affordable for buyers using other currencies. Aluminium slipped 0.5% to $3,295 but was still on track to end the week 1.6% higher. The cash-to-three month aluminium spread has flipped into a slight backwardation, signalling tightening availability. “We remain neutral to constructive near-term given low visible inventories and a still-tight physical market,” Citi said in a note on aluminium, adding that the balance would become more challenging over the next six–12 months as ex-China supply growth accelerates. Zinc added 0.5% to $3,932.50, with the three-month spread still in steep backwardation at $140 a ton. Lead was up 0.5% at $1,912.50 after orders to withdraw 8,450 tons of stock, while nickel nudged up 0.2% to $16,825 and tin shed 0.4% to $54,700. [...]

Palm ends higher on El Nino worries; logs weekly gain
September 4, 2026 11:20
Palm ends higher on El Nino worries; logs weekly gain

KUALA LUMPUR: Malaysian palm oil futures climbed on Friday and logged a weekly gain, as worries over El Niño’s potential impact on production supported prices. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 27 ringgit, or 0.55%, to 4,931 ringgit  ($1,220.24) a metric ton at the close. The contract gained 0.76% this week, recovering from the previous week’s losses. At the closing, crude palm oil futures ended higher on ongoing concerns over output in the medium term amid El Niño weather conditions affecting both Malaysia and Indonesia, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd. Dalian’s most-active soyoil contract declined 0.19%, while its palm oil contract shed 0.39%. Soyoil prices on the Chicago Board of Trade were down 0.46%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices eased but were still headed for a weekly gain as rising U.S.-Iran tensions heightened concerns over Middle East supply risks. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. Meanwhile, Indonesia’s effort to exert control over global prices for its vast natural resources by setting up a new commodities exchange will struggle to compete with established bourses and risks backfiring if participation is mandatory. Indonesian state-owned plantation company Agrinas Palma Nusantara is also targeting palm oil output of 1.5 million tons next year, said Chief Executive Mohammad Abdul Ghani. [...]

Pakistan rupee registers gain against US dollar
September 4, 2026 11:20
Pakistan rupee registers gain against US dollar

The Pakistani rupee extended its marginal gains against the US dollar on Friday. The local unit closed the day at 277.41, a gain of Re0.01 against the greenback. On Thursday, the Pakistani rupee settled at 277.42 against the dollar. Moreover, the Japanese yen clung to its gains ​against the US dollar on Friday and was on track for its strongest week in more ‌than a month. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was flat at 99.01, leaving the euro flat at $1.1625 and sterling at $1.3527. Furthermore, oil prices rose on Friday, heading for their steepest weekly gain since mid-July. Brent crude futures rose 54 cents, or 0.6%, to $96.06 a barrel by 0100 GMT, while US West Texas Intermediate crude futures climbed 80 cents, or 0.9%, to $92.10. On a weekly basis, Brent rose 7.6% and WTI was 10.4% higher, set for the highest gains since the week ended July 20. [...]

India debt investors call for higher short-term borrowing to absorb excess cash, sources say
September 4, 2026 11:09
India debt investors call for higher short-term borrowing to absorb excess cash, sources say

MUMBAI: Indian bond market participants have suggested that the government increase supply in the shorter duration, as most lenders are holding surplus rupee liquidity and looking for investment avenues, three treasury sources aware of the matter said on Friday. All the officials requested anonymity as they are not authorised to speak to the media. New Delhi has started consultations with market participants for the fiscal second-half borrowing calendar, which will continue through next week. The government aims to borrow a record 16.09 trillion rupees ($170.33 billion) for the current fiscal, including 7.89 trillion rupees from October to March, about 49% of the annual target. The suggestion comes after India’s banking system liquidity surplus jumped above 10 trillion rupees for the first time ever, helped by bigger-than-expected dollar inflows. India to begin borrowing talks this week as traders seek more ultra-long bonds “With such high rupee liquidity from nearly all the major banks and few lending avenues, it makes sense for the government to increase short-end supply and ease pressure on the 10-year,” one of the officials said. Supply of shorter duration maturities was at 23.5% of the total borrowing for April-September, up from 16.6% a year earlier. At the same time, ultra-long bonds with maturities of 30 to 50 years accounted for 24.9% of April-September borrowing, down from 35% a year earlier. The borrowing calendar will be announced towards the end of the month, before the central bank’s monetary policy decision on October 7. [...]

Indian shares post weekly losses as elevated crude keeps sentiment subdued
September 4, 2026 11:06
Indian shares post weekly losses as elevated crude keeps sentiment subdued

Indian shares rose on Friday after declining for four straight sessions but logged weekly losses as high crude prices and bond yields earlier in the week outweighed robust domestic growth and tax-collection data. The Nifty 50 rose 0.1% to 23,897.7, while the Sensex gained 0.48% to 76,515.43. Ahead of the closing auction, the indexes were up 0.27% and 0.65%, respectively. For the week, the benchmarks lost 1.2% and 1%, marking their fourth consecutive weekly decline and their longest losing streak in five months. Brent crude jumped about 7% this week as intensifying U.S.-Iran hostilities stoked inflation concerns and drove global bond yields higher, pressuring risk assets. “Crude remains the market’s central overhang, leaving investors wary of the near-term outlook,” said Samrat Dasgupta, CEO of Esquire Capital Investment Advisors, adding “even strong domestic growth data and GST collections have struggled to lift sentiment meaningfully this week.” “A busy IPO pipeline could also divert substantial flows into primary offerings and keep secondary-market trading muted next week,” Dasgupta added. Twelve of the 16 major sectors declined for the week. Small-caps gained 0.1%, while mid-caps fell 1.5%. The auto index lost 4% on concerns that sales growth could slow amid a high base and potentially weaker rural demand following a rainfall deficit. Maruti fell 5.1%, while Mahindra and Mahindra lost 4.9%. Coal India bucked the broader weakness, rising 3.6% on improving September-quarter earnings visibility, aided by higher August e-auction premiums and coal offtake. On Friday, capital-market stocks rallied after SEBI said it will review the methodology to determine derivatives settlement pricing following volatility linked to the newly introduced closing auction. BSE jumped 3.1%, Angel One gained 4.8%, while Groww and Motilal Oswal rose 2.2% and 2.4%, respectively. While dovish comments from a Federal Reserve governor eased global bond yields and lifted equities on Friday, broader risk aversion prevails ahead of the U.S. jobs data later in the day, which could influence the future rate trajectory. [...]

Indian rupee logs best week in five as RBI muscle power, foreign deposits support
September 4, 2026 11:03
Indian rupee logs best week in five as RBI muscle power, foreign deposits support

MUMBAI: The Indian rupee ended largely unchanged Friday, but posted its best weekly performance against the U.S. dollar in five weeks, helped by stronger-than-expected dollar inflows into the central bank’s special schemes. The Indian rupee moved in a narrow six paisa range before ending at 94.4850, aided by the Reserve Bank of India, which intervened at the start of the session and continued to sell dollars thereafter, traders said. For the week, however, the currency gained 0.9%, posting its biggest rise against the dollar since the week ended July 31, aided by heavy RBI intervention. The rupee was also supported by an influx of dollars that far exceeded estimates. The RBI repeatedly sold dollars near the open through the week. The central bank’s increasingly forceful intervention comes as its special schemes drew more than $136 billion in June-August. Its stepped-up presence has reinforced expectations that the RBI is using its increased firepower to steer the rupee higher. “Overall, the FCNR (Foreign Currency Non-Resident) story has given the rupee a strong shot in the arm, but the underlying fundamentals still carry their share of risk, and 94.00–94.20 remains a strong support zone (for USD/INR),” CR Forex said in a note. The rupee’s weekly rise comes despite a rally in oil prices, with the benchmark Brent crude contract set for its steepest weekly advance since mid-July on renewed military tensions between the U.S. and Iran. The Brent crude contract hovered at around $96 per barrel in Asian hours. Higher oil prices weigh on the rupee by worsening the inflation outlook and current account deficit in major importer India. Attention will now turn to key U.S. data ahead of the Federal Reserve’s September meeting, with nonfarm payrolls due later on Friday and inflation data next week likely to shape expectations for the central bank’s policy path. [...]

Oil rallies for the week as U.S.-Iran fighting resumes; diesel hits record high
September 4, 2026 10:58
Oil rallies for the week as U.S.-Iran fighting resumes; diesel hits record high

Oil prices were on course to gain over 6% for the week as the U.S. and Iran resumed military exchanges in their conflict, now in its seventh month, while U.S. diesel prices hit a record high. A rally in oil prices combined with a much steeper increase in fuel prices has pushed inflation and government borrowing costs higher around the world and intensified warnings that the global economy might be heading for a hard landing. “All sectors of the economy are affected by diesel. This is one of the reasons why the government bond yields in the United States are so high, it’s the expectation that inflation will continue to go up,” said Claudio Galimberti, chief economist at Rystad Energy. Average U.S. diesel prices hit record highs as renewed U.S.-Iran hostilities and Ukrainian attacks on Russian refineries increased supply disruptions. Analysts and trackers indicate oil flows still disrupted The U.S. government has said Middle Eastern oil flows have returned to near normal levels in recent weeks, but analysts and tanker trackers have said flows remain seriously disrupted. Brent crude futures were down 14 cents or 0.15% on the day at $95.38 a barrel by 1015 GMT, while U.S. West Texas Intermediate crude futures were down 37 cents, or 0.41%, at $90.93. However, for the week, Brent was up 6.6%. WTI was up 8.8%, its strongest weekly performance since July 13. U.S. attacks this week that killed and wounded dozens, including Iranian civilians, were the fiercest clashes between the two countries since July. Defence Minister Israel Katz renewed warnings that Israel would “cripple” Iran’s military and civilian infrastructure, including energy facilities, if Tehran attacked it. A U.S. campaign to throttle Iran’s economy by blockading its oil exports and stopping sanctions evasion is growing increasingly difficult to withstand, three senior Iranian sources said. “The combination of renewed U.S.-Iran hostilities and ongoing uncertainty around the Strait of Hormuz has been enough to reprice risk higher,” said Tim Waterer, chief market analyst at KCM Trade. Four commodity vessels transited the key Strait of Hormuz on Thursday, well below the 10-day average tally of about 15, preliminary shipping data showed. Iraq increased its August oil exports to about 2.34 million barrels per day from about 1.35 million bpd in July, two Iraqi energy officials said on Wednesday. Citi raised its average Brent crude price forecast for the third quarter to $86 a barrel from $80, saying the reopening of the strait was taking longer than previously expected. ANZ analysts also raised their Brent crude forecast on Friday to $95 a barrel in the short term, with upside risk if the Middle East conflict intensifies. [...]

Gold per tola gains Rs3,900 in Pakistan
September 4, 2026 9:59
Gold per tola gains Rs3,900 in Pakistan

Gold prices in Pakistan increased on Friday in line with their gain in the international market. In the local market, gold price per tola reached Rs469,136 after a gain of Rs3,900 during the day. Similarly, 10-gram gold was sold at RS402,208 after it increased by Rs3,344, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs465,236 after an increase of Rs11,200 during the day. The international rate of gold was up by $39 to reach $4,466 per ounce (with a premium of $20). Meanwhile, the price of silver increased by Rs117 to reach Rs7,161 per tola. [...]

South African rand treads water before US jobs data as markets assess Fed rate path
September 4, 2026 7:10
South African rand treads water before US jobs data as markets assess Fed rate path

JOHANNESBURG: The South African rand was muted in early trade on Friday as attention ​turned to highly awaited U.S. jobs data ‌for clues on the Federal Reserve’s next interest rate decision. At 0625 GMT the rand traded at 15.9975 against ​the dollar , little changed from its ​previous close. The US nonfarm payrolls report is due ⁠at 1230 GMT and the unemployment rate ​is expected to hold steady at 4.1%. The rand, ​like other emerging market currencies, tends to take direction from global factors, including US economic data and geopolitical ​developments. South African rand muted ahead of business activity PMI ETM Analytics said in a note that if ​employment growth comes in weaker than expected, it would support ‌the ⁠argument for the Federal Reserve to keep interest rates unchanged, reduce expectations of a September rate hike, and likely help the South African ​rand strengthen ​against the ⁠dollar. “A firm print, especially with wage pressures, would rebuild the case for ​tightening by year-end, lift the USD ​index ⁠and push the pair back towards 16.20 as emerging-market betas unwind,” said ETM Analytics. South Africa’s benchmark ⁠2035 government ​bond was slightly firmer ​in early deals, as the yield fell 1.5 basis points to ​8.565%. [...]

South Korean shares rise on chip gains, set for weekly fall
September 4, 2026 7:07
South Korean shares rise on chip gains, set for weekly fall

SEOUL: Round-up of South Korean financial markets: South Korean shares rose on Friday, led by gains in heavyweight chipmakers, but were still set for a third straight weekly loss amid worries about high bond yields. The benchmark KOSPI was up 55.78 points, or 0.85%, at 6,635.26, as of 0152 GMT. The index has fallen 2.1% so far this week. Wall Street rallied on Thursday as investors curbed their rate-hike bets after US Federal Reserve Governor Christopher Waller said he would support holding the Fed funds target rate steady if data shows inflationary pressures are abating. “The focus is on whether the surge in bond yields will continue to be capped going forward,” said Han Ji-young, an analyst at Kiwoom Securities. Chipmaker Samsung Electronics rose 1.20% and peer SK Hynix gained 1.94%, tracking overnight gains in US peers. Among other index heavyweights, battery maker LG Energy Solution slid 0.82%, while Hyundai Motor and sister automaker Kia Corp were down 0.52% and 0.78%, respectively. Steelmaker POSCO Holdings shed 1.17%, while drugmaker Samsung BioLogics fell 1.42%. Of the total 903 traded issues, 450 shares advanced, while 399 declined. Foreigners were net buyers of shares worth 204.6 billion won ($150.72 million). The won was quoted at 1,359.3 per dollar on the onshore settlement platform, 0.23% lower than its previous close at 1,356.2. In money and debt markets, September futures on three-year treasury bonds were unchanged at 103.14. The most liquid three-year Korean treasury bond yield rose by 0.4 basis point to 3.892%, while the benchmark 10-year yield fell by 0.7 basis point to 4.356%. [...]

HSBC prices $348.3 million Samurai bond sale, term sheet shows
September 4, 2026 7:02
HSBC prices $348.3 million Samurai bond sale, term sheet shows

HONG KONG: HSBC Holdings has priced a 54.3 billion yen ($348.3 million) Samurai bond sale in three parts, according to a term sheet seen by Reuters on Friday. Here are more details: HSBC sold 21.6 billion yen of bonds due in September 2030 with a 2.769% coupon, 25.7 billion yen of notes due in September 2032 paying 3.227% and 7.0 billion yen of bonds due in September 2037 with a 3.879% coupon. The 2030 notes were priced at 75 basis points over yen mid-swap rates, the 2032 notes at 95 basis points over swaps and the 2037 notes at 110 basis points over swaps. HSBC profits hit by USD400m ‘fraud-related’ exposure They are expected to be rated A3 by Moody’s and A- by S&P. HSBC, Daiwa, Mitsubishi UFJ Morgan Stanley, Mizuho, Nomura and SMBC Nikko arranged the sale.‑Reuters [...]

UK car sales log strongest August since 2018, preliminary data shows
September 4, 2026 6:59
UK car sales log strongest August since 2018, preliminary data shows

Registrations of new cars in the UK rose about 13% to more than 90,000 in August, the highest number for the month in eight years, preliminary industry data showed on Friday. The market share of battery electric vehicles rose to about 30% in the month, according to data from the Society of Motor Manufacturers and Traders. For the year, the market share stood at 26%. Both numbers remain below Britain’s zero-emission vehicle mandate of 33% for 2026. Separately, data from New AutoMotive showed on Wednesday that UK registrations of BEVs rose to about 30% of all cars in August. Overall new car registrations were up 17.5% year-on-year. SMMT and New AutoMotive use different data sources and calculation methods. The SMMT will provide the final figures for the month at 0800 GMT on Friday. [...]

PSX: Volatility at bourse, KSE-100 gains nearly 400 points
September 4, 2026 12:07
PSX: Volatility at bourse, KSE-100 gains nearly 400 points

The Pakistan Stock Exchange (PSX) witnessed a volatile trading session, with the benchmark KSE-100 Index swinging both ways before closing the week on a positive note. The benchmark index opened the session on a weak note, falling sharply from around the 175,300 level to an intraday low of 174,515.38. It subsequently staged a recovery, as buying interest then emerged, particularly around the midday session. In the final phase of trading, buying momentum accelerated, lifting the index sharply to an intraday high of 175,418.29. At close, the KSE-100 settled at 175,328.82, up 399.14 points, or 0.23%. On Thursday, PSX remained highly volatile as rising international oil prices amid ongoing geopolitical conflicts kept investors cautious, although late-session profit-taking failed to erase a modest recovery in the benchmark KSE-100 Index. The benchmark KSE-100 Index gained 153.09 points, or 0.09%, to close at 174,929.69, Globally, Asian shares rose on Friday as investors embraced a global rally ahead of crucial U.S. jobs data, while bonds found some much-needed relief after a top Federal Reserve official cooled rate-hike fears and dragged the dollar lower. The dollar’s retreat turbocharged a rally in the yen, ‌which has gained 2.6% this week to trade at 155.7 a dollar, putting it within striking distance of the 155.2 level reached after joint intervention by Tokyo and Washington in late July. In remarks at a Reuters NEXT Newsmaker event, Federal Reserve Governor Christopher Waller said that recent data suggested some signs of disinflation and that, if upcoming reports reinforced that trend, he would favour holding rates steady ​at this month’s policy meeting. Futures were quick to scale back the chance of a rate hike this month to just 50%, from about 63% a ​day ago. Those expectations had surged in recent sessions as a global bond rout drove long-dated yields to multi-year highs, fuelled ⁠by concerns over stubborn inflation, swelling government debt and geopolitical tensions. In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%, tracking broad gains on Wall Street, but that was not enough to offset earlier losses, with the index still down 0.4% for the week. Japan’s Nikkei gained 0.8% but was down ​2.7% this week. Chinese blue-chips rallied 1%, and South Korea’s KOSPI increased 1.1%. [...]

India food safety crackdown targets company of Nepal's 'Noodle King'
September 4, 2026 11:59
India food safety crackdown targets company of Nepal's 'Noodle King'

NEW DELHI: India on Friday ordered a Nepali billionaire’s company popular for its Wai Wai noodles to discontinue some products after an investigation found its factory used unhygienic “floor-collected, broken noodles” in making its Indian snacks. The crackdown is part of an unprecedented food safety drive in India, where federal and state officials are taking strict action against big and small eateries and brands ranging from Domino’s and Pizza Hut to Diageo for any food safety, hygiene or labelling lapses. Friday’s order was issued to a CG Foods India factory in Rajasthan state in western India, which is part of CG Corp Global, led by Nepal’s only billionaire Binod Chaudhary, nicknamed the “Noodle King”. The regulator’s investigation focused on two Wai Wai-branded products called bhujia — a popular fried Indian snack sold by many companies in the country in tiny packs. India food safety crackdown targets company of Nepal’s ‘Noodle King’ Inspectors found “re-processing floor-collected broken noodles into bhujia without heat treatment”, the Food Safety and Standards Authority of India (FSSAI) said in a social media post. In a statement, CG Foods India said it is fully cooperating with the regulatory process and remains “committed to maintaining the highest standards of food safety, quality, and compliance.“ Authorities also seized 32,000 kg of stock from the factory, as well as 1,925 boxes of expired finished goods, the FSSAI said, adding that “strict legal proceedings” were initiated against the food business operator. Samples have also been collected for testing, it added. Last week, Indian authorities raided an illegal operation in Mumbai that faked expiry dates and nutritional information on original food products manufactured by PepsiCo, Nestle and others so they could be exported to other countries, Reuters reported. [...]

Tata Motors tender for Italy's Iveco set for September 7 to October 26
September 4, 2026 11:46
Tata Motors tender for Italy's Iveco set for September 7 to October 26

MILAN: The tender offer by India’s Tata Motors for Italian truck and bus maker Iveco will run from September 7 to October 26, according to a statement published after Italian market regulator Consob approved the offer document. Under certain conditions, the tender period will be extended for five further days, from November 2 to November 6, Iveco said in a statement late on Thursday, upon request of Tata Motors’ TML CV Holdings vehicle. Tata Motors last year agreed to buy Iveco’s commercial vehicle business in a deal valued at €3.8 billion ($4.4 billion). As part of the deal, Tata Motors agreed to offer €14.10 in cash for each Iveco share. Chair of India’s Tata to step down after tension with controlling charity Tata’s offer is backed by Iveco’s largest shareholder Exor, the holding company of Italy’s Agnelli family, which owns a 27.1% stake in the Turin-based company. Tata’s takeover is part of a broader transaction under which Iveco previously sold its IDV defence business to Italy’s State-backed defence group Leonardo for €1.7 billion. [...]

World food prices at highest since 2022 as supply risks mount, FAO says
September 4, 2026 11:40
World food prices at highest since 2022 as supply risks mount, FAO says

PARIS: World food prices rose in August to their highest since late 2022, as adverse weather and war disruption in the Black Sea heightened concern over supply of staples, the United Nations’ Food and Agriculture Organization said on Friday. Extreme heat and drought in Europe, the threat of a severe El Nino weather pattern and trade upheaval caused by the Ukraine and Iran wars have unsettled agricultural markets, pushing grain prices to three-year highs and sugar to a one-year peak. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 133.3 points in August, up from July’s revised reading of 130.8. That was the highest score since November 2022, though nearly 17% below a record peak from March 2022, after Russia’s full-scale invasion of Ukraine. Pakistan pursuing comprehensive strategy to strengthen food security, food safety: PM Shehbaz “August’s increase in global food prices is a warning that the risk premium is returning to food markets: climate shocks, geopolitical tensions and disrupted trade logistics are converging to tighten supply expectations,” FAO Chief Economist Maximo Torero said in a statement. The FAO’s price benchmarks for cereals, vegetable oils, sugar, meat and dairy all rose in August. The extreme weather in Europe affected prospects for the maize (corn) and sugar beet harvests as well as livestock output, while the anticipated El Nino phenomenon fueled concerns for palm oil and sugar output in Asia, it said. Escalating attacks in the Black Sea have curtailed grain shipments from Russia and Ukraine in their 4-1/2-year-old war, while the U.S.-Iran conflict was straining flows of fertilizer for crops. Sri Lanka’s inflation index up 8% year-on-year in August on higher food prices Among food categories, FAO’s cereals price index rose 2.2% month-on-month to its highest since May 2024, and the vegetable oil index edged up 0.6% to its highest since June 2022. The agency’s sugar benchmark jumped 11.9% to its highest since June 2025, with lower production in Brazil’s crucial center-south region adding to weather concerns in Europe and Asia. In a separate report, the agency cut its 2026 global cereal production forecast by 3.4 million metric tons from a previous estimate in July to 2.980 billion tons, now 2.0% below 2025 in the largest annual decline since 2018. Projected output would still be the second-largest on record, however. Forecast world cereal stocks at the close of 2026/2027 were revised down 1.1% to 947.2 million tons, now only marginally above the previous season. A reduced estimate of coarse grain stocks outweighed an upward revision for wheat that reflected an anticipated build-up in Russian and Ukrainian stocks due to shipping disruption, the FAO said. [...]

India regulator presses ahead against Hindenburg, others in Adani case, sources say
September 4, 2026 11:31
India regulator presses ahead against Hindenburg, others in Adani case, sources say

MUMBAI: India’s markets regulator has started hearing representations as it seeks to recover gains from trades it suspects benefited from prior knowledge of Hindenburg Research’s scathing report about Adani Group, two people with knowledge of the matter said. The Securities and Exchange Board of India (SEBI) in 2024 said U.S.-based Kingdon Capital Management built short positions in Adani-related stocks through a Mauritius-based fund linked to Kotak International before Hindenburg published its report. Short positions refer to selling borrowed shares, buying them back when the share price drops, then pocketing the difference. Short seller Hindenburg in its 2023 report said Adani Group had violated securities law, triggering a selloff of related shares and a consequent drop in their prices, and wiping out $150 billion in group value. Adani Group denied wrongdoing. Justice Department says Adani case should end because of foreign jurisdiction, small chance of success SEBI dismissed Hindenburg’s allegations of stock manipulation against the group. In 2024, SEBI detailed a profit-sharing agreement between Hindenburg and Kingdon and said six entities gained $22.25 million from short-selling trades. SEBI, Hindenburg, Kingdon and Kotak did not respond to emails seeking comment. Hindenburg previously denied wrongdoing and described SEBI’s assertions as “nonsense”. The case is widely regarded as setting a precedent in the pursuit of offshore entities and the recovery of assets overseas. It has already involved the rare attempt of seeking a stay in a foreign insolvency proceeding to enforce penal action. The regulator has started personal hearings more than two years later as the parties involved took time to respond, the people said. All parties are based overseas but SEBI believes it has jurisdiction since the trades were in India, they said. SEBI is proceeding with enforcement, arguing that the trades were based on non-public information and so violated rules aimed at preventing fraud, said one of the people. To secure assets for recovery, SEBI has opposed court-supervised insolvency proceedings in Mauritius for the Kotak fund – K India Opportunities Fund Class F – used to execute the trades, the people said. Proceeds of the trades went into the fund, they said. Reuters could not determine whether gains were distributed or redeemed by Kingdon as fund beneficiary. After learning of the insolvency, SEBI asked the court-appointed receiver in the first week of July to ensure fund assets were not transferred or distributed before it had ordered the recovery of alleged gains and interest, the people said. Mauritius’ Supreme Court appointed the managing director of business advisory and restructuring firm Quantuma as receiver in June to control and protect the fund’s assets, the people said. Quantuma declined to comment. [...]

India's REC set to debut tokenised corporate bond sale next week, bankers say
September 4, 2026 11:27
India's REC set to debut tokenised corporate bond sale next week, bankers say

MUMBAI: India will launch tokenized corporate bonds next week, as state-run REC aims to raise 5 billion rupees ($52.92 million) through bonds maturing in one year and eight months, three merchant bankers said on Friday. This would be India’s first debt issue to use blockchain technology to enable instant settlement of bond transactions, placing the country alongside markets such as Europe and Hong Kong in using the technology for issuance and settlement. Tokenised bonds are securities whose ownership, issuance, trading and settlement are recorded digitally on a blockchain or distributed ledger. The Reserve Bank of India’s digital currency will be used to buy the bonds. India debt investors call for higher short-term borrowing to absorb excess cash, sources say The base issue size is one billion rupees, and REC will have a greenshoe option of retaining an additional four billion rupees, with the bidding for the sale set to take place on Monday, bankers said. Only investors with active security and CBDC wallets would be allowed to place bids for the issue. Last week, Reuters had reported that India’s markets regulator and the central bank are working together on pushing the technology, citing sources close to the development, with a pilot issue set for launch in early September. [...]

Copper edges up on thinning stocks, eyes 10-week winning streak
September 4, 2026 11:23
Copper edges up on thinning stocks, eyes 10-week winning streak

Copper ticked higher on Friday and was set to post a 10th straight weekly rise, as thinning inventories outside the U.S. and a soft dollar lent support. Benchmark three-month copper on the London Metal Exchange was up 0.3% at $14,373 a metric ton as of 0900 GMT, moving closer to its all-time peak of $14,527.50. The metal was on course for a 0.5% gain this week. It has risen every week since the week beginning June 29 as ballooning inventories in the U.S. in anticipation of possible import tariffs tighten the market elsewhere. U.S. copper imports in July hit their highest level on record, while Shanghai Futures Exchange data on Friday showed copper inventories fell 13% from last week to 63,000 tons, the lowest since January 2024. LME copper stocks dipped by 475 tons, and there were orders to withdraw another 1,550 tons. The tariff uncertainty should continue to support copper, although already elevated prices are “likely to limit near-term gains,” BMI, a unit of Fitch Solutions, said in a note. The dollar slumped overnight on fading rate hike expectations after dovish comments by Federal Reserve Governor Christopher Waller. A cheaper dollar can support greenback-denominated commodities by making them more affordable for buyers using other currencies. Aluminium slipped 0.5% to $3,295 but was still on track to end the week 1.6% higher. The cash-to-three month aluminium spread has flipped into a slight backwardation, signalling tightening availability. “We remain neutral to constructive near-term given low visible inventories and a still-tight physical market,” Citi said in a note on aluminium, adding that the balance would become more challenging over the next six–12 months as ex-China supply growth accelerates. Zinc added 0.5% to $3,932.50, with the three-month spread still in steep backwardation at $140 a ton. Lead was up 0.5% at $1,912.50 after orders to withdraw 8,450 tons of stock, while nickel nudged up 0.2% to $16,825 and tin shed 0.4% to $54,700. [...]

Palm ends higher on El Nino worries; logs weekly gain
September 4, 2026 11:20
Palm ends higher on El Nino worries; logs weekly gain

KUALA LUMPUR: Malaysian palm oil futures climbed on Friday and logged a weekly gain, as worries over El Niño’s potential impact on production supported prices. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 27 ringgit, or 0.55%, to 4,931 ringgit  ($1,220.24) a metric ton at the close. The contract gained 0.76% this week, recovering from the previous week’s losses. At the closing, crude palm oil futures ended higher on ongoing concerns over output in the medium term amid El Niño weather conditions affecting both Malaysia and Indonesia, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd. Dalian’s most-active soyoil contract declined 0.19%, while its palm oil contract shed 0.39%. Soyoil prices on the Chicago Board of Trade were down 0.46%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices eased but were still headed for a weekly gain as rising U.S.-Iran tensions heightened concerns over Middle East supply risks. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. Meanwhile, Indonesia’s effort to exert control over global prices for its vast natural resources by setting up a new commodities exchange will struggle to compete with established bourses and risks backfiring if participation is mandatory. Indonesian state-owned plantation company Agrinas Palma Nusantara is also targeting palm oil output of 1.5 million tons next year, said Chief Executive Mohammad Abdul Ghani. [...]

Pakistan rupee registers gain against US dollar
September 4, 2026 11:20
Pakistan rupee registers gain against US dollar

The Pakistani rupee extended its marginal gains against the US dollar on Friday. The local unit closed the day at 277.41, a gain of Re0.01 against the greenback. On Thursday, the Pakistani rupee settled at 277.42 against the dollar. Moreover, the Japanese yen clung to its gains ​against the US dollar on Friday and was on track for its strongest week in more ‌than a month. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was flat at 99.01, leaving the euro flat at $1.1625 and sterling at $1.3527. Furthermore, oil prices rose on Friday, heading for their steepest weekly gain since mid-July. Brent crude futures rose 54 cents, or 0.6%, to $96.06 a barrel by 0100 GMT, while US West Texas Intermediate crude futures climbed 80 cents, or 0.9%, to $92.10. On a weekly basis, Brent rose 7.6% and WTI was 10.4% higher, set for the highest gains since the week ended July 20. [...]

India debt investors call for higher short-term borrowing to absorb excess cash, sources say
September 4, 2026 11:09
India debt investors call for higher short-term borrowing to absorb excess cash, sources say

MUMBAI: Indian bond market participants have suggested that the government increase supply in the shorter duration, as most lenders are holding surplus rupee liquidity and looking for investment avenues, three treasury sources aware of the matter said on Friday. All the officials requested anonymity as they are not authorised to speak to the media. New Delhi has started consultations with market participants for the fiscal second-half borrowing calendar, which will continue through next week. The government aims to borrow a record 16.09 trillion rupees ($170.33 billion) for the current fiscal, including 7.89 trillion rupees from October to March, about 49% of the annual target. The suggestion comes after India’s banking system liquidity surplus jumped above 10 trillion rupees for the first time ever, helped by bigger-than-expected dollar inflows. India to begin borrowing talks this week as traders seek more ultra-long bonds “With such high rupee liquidity from nearly all the major banks and few lending avenues, it makes sense for the government to increase short-end supply and ease pressure on the 10-year,” one of the officials said. Supply of shorter duration maturities was at 23.5% of the total borrowing for April-September, up from 16.6% a year earlier. At the same time, ultra-long bonds with maturities of 30 to 50 years accounted for 24.9% of April-September borrowing, down from 35% a year earlier. The borrowing calendar will be announced towards the end of the month, before the central bank’s monetary policy decision on October 7. [...]

Indian shares post weekly losses as elevated crude keeps sentiment subdued
September 4, 2026 11:06
Indian shares post weekly losses as elevated crude keeps sentiment subdued

Indian shares rose on Friday after declining for four straight sessions but logged weekly losses as high crude prices and bond yields earlier in the week outweighed robust domestic growth and tax-collection data. The Nifty 50 rose 0.1% to 23,897.7, while the Sensex gained 0.48% to 76,515.43. Ahead of the closing auction, the indexes were up 0.27% and 0.65%, respectively. For the week, the benchmarks lost 1.2% and 1%, marking their fourth consecutive weekly decline and their longest losing streak in five months. Brent crude jumped about 7% this week as intensifying U.S.-Iran hostilities stoked inflation concerns and drove global bond yields higher, pressuring risk assets. “Crude remains the market’s central overhang, leaving investors wary of the near-term outlook,” said Samrat Dasgupta, CEO of Esquire Capital Investment Advisors, adding “even strong domestic growth data and GST collections have struggled to lift sentiment meaningfully this week.” “A busy IPO pipeline could also divert substantial flows into primary offerings and keep secondary-market trading muted next week,” Dasgupta added. Twelve of the 16 major sectors declined for the week. Small-caps gained 0.1%, while mid-caps fell 1.5%. The auto index lost 4% on concerns that sales growth could slow amid a high base and potentially weaker rural demand following a rainfall deficit. Maruti fell 5.1%, while Mahindra and Mahindra lost 4.9%. Coal India bucked the broader weakness, rising 3.6% on improving September-quarter earnings visibility, aided by higher August e-auction premiums and coal offtake. On Friday, capital-market stocks rallied after SEBI said it will review the methodology to determine derivatives settlement pricing following volatility linked to the newly introduced closing auction. BSE jumped 3.1%, Angel One gained 4.8%, while Groww and Motilal Oswal rose 2.2% and 2.4%, respectively. While dovish comments from a Federal Reserve governor eased global bond yields and lifted equities on Friday, broader risk aversion prevails ahead of the U.S. jobs data later in the day, which could influence the future rate trajectory. [...]

Indian rupee logs best week in five as RBI muscle power, foreign deposits support
September 4, 2026 11:03
Indian rupee logs best week in five as RBI muscle power, foreign deposits support

MUMBAI: The Indian rupee ended largely unchanged Friday, but posted its best weekly performance against the U.S. dollar in five weeks, helped by stronger-than-expected dollar inflows into the central bank’s special schemes. The Indian rupee moved in a narrow six paisa range before ending at 94.4850, aided by the Reserve Bank of India, which intervened at the start of the session and continued to sell dollars thereafter, traders said. For the week, however, the currency gained 0.9%, posting its biggest rise against the dollar since the week ended July 31, aided by heavy RBI intervention. The rupee was also supported by an influx of dollars that far exceeded estimates. The RBI repeatedly sold dollars near the open through the week. The central bank’s increasingly forceful intervention comes as its special schemes drew more than $136 billion in June-August. Its stepped-up presence has reinforced expectations that the RBI is using its increased firepower to steer the rupee higher. “Overall, the FCNR (Foreign Currency Non-Resident) story has given the rupee a strong shot in the arm, but the underlying fundamentals still carry their share of risk, and 94.00–94.20 remains a strong support zone (for USD/INR),” CR Forex said in a note. The rupee’s weekly rise comes despite a rally in oil prices, with the benchmark Brent crude contract set for its steepest weekly advance since mid-July on renewed military tensions between the U.S. and Iran. The Brent crude contract hovered at around $96 per barrel in Asian hours. Higher oil prices weigh on the rupee by worsening the inflation outlook and current account deficit in major importer India. Attention will now turn to key U.S. data ahead of the Federal Reserve’s September meeting, with nonfarm payrolls due later on Friday and inflation data next week likely to shape expectations for the central bank’s policy path. [...]

Oil rallies for the week as U.S.-Iran fighting resumes; diesel hits record high
September 4, 2026 10:58
Oil rallies for the week as U.S.-Iran fighting resumes; diesel hits record high

Oil prices were on course to gain over 6% for the week as the U.S. and Iran resumed military exchanges in their conflict, now in its seventh month, while U.S. diesel prices hit a record high. A rally in oil prices combined with a much steeper increase in fuel prices has pushed inflation and government borrowing costs higher around the world and intensified warnings that the global economy might be heading for a hard landing. “All sectors of the economy are affected by diesel. This is one of the reasons why the government bond yields in the United States are so high, it’s the expectation that inflation will continue to go up,” said Claudio Galimberti, chief economist at Rystad Energy. Average U.S. diesel prices hit record highs as renewed U.S.-Iran hostilities and Ukrainian attacks on Russian refineries increased supply disruptions. Analysts and trackers indicate oil flows still disrupted The U.S. government has said Middle Eastern oil flows have returned to near normal levels in recent weeks, but analysts and tanker trackers have said flows remain seriously disrupted. Brent crude futures were down 14 cents or 0.15% on the day at $95.38 a barrel by 1015 GMT, while U.S. West Texas Intermediate crude futures were down 37 cents, or 0.41%, at $90.93. However, for the week, Brent was up 6.6%. WTI was up 8.8%, its strongest weekly performance since July 13. U.S. attacks this week that killed and wounded dozens, including Iranian civilians, were the fiercest clashes between the two countries since July. Defence Minister Israel Katz renewed warnings that Israel would “cripple” Iran’s military and civilian infrastructure, including energy facilities, if Tehran attacked it. A U.S. campaign to throttle Iran’s economy by blockading its oil exports and stopping sanctions evasion is growing increasingly difficult to withstand, three senior Iranian sources said. “The combination of renewed U.S.-Iran hostilities and ongoing uncertainty around the Strait of Hormuz has been enough to reprice risk higher,” said Tim Waterer, chief market analyst at KCM Trade. Four commodity vessels transited the key Strait of Hormuz on Thursday, well below the 10-day average tally of about 15, preliminary shipping data showed. Iraq increased its August oil exports to about 2.34 million barrels per day from about 1.35 million bpd in July, two Iraqi energy officials said on Wednesday. Citi raised its average Brent crude price forecast for the third quarter to $86 a barrel from $80, saying the reopening of the strait was taking longer than previously expected. ANZ analysts also raised their Brent crude forecast on Friday to $95 a barrel in the short term, with upside risk if the Middle East conflict intensifies. [...]

Power Division moves to improve detection billing system
September 4, 2026 10:36
Power Division moves to improve detection billing system

The Power Division on Friday decided to introduce fundamental reforms in the detection billing system to protect electricity consumers from unnecessary hardships and additional financial burdens. As per a press release, the initiative is part of the ongoing broader reform process in the power sector led by Federal Minister for Power Division, Sardar Awais Ahmad Khan Leghari, aimed at providing maximum relief to consumers and ensuring the effective protection of their rights. In the past, in cases of meter malfunctions, technical faults, or the inability to accurately record electricity consumption, detection bills were issued by estimating consumption under relevant rules and regulations. However, in certain instances, estimated consumption did not correspond to actual usage, resulting in inflated billing and a protracted grievance redressal process for consumers. The potential for human intervention within this system also raised concerns regarding transparency and irregularities. Taking notice of these issues, the Power Division, under the leadership of Leghari, decided to digitise and automate the detection billing system to minimise human intervention and unnecessary discretionary powers, the statement added. READ MORE:Power Division moves to expedite net-metering approvals following NEPRA directives In this regard, directions have been issued to all distribution companies to incorporate necessary amendments into NEPRA’s Consumer Service Manual and undertake other relevant measures. “Under the new system, the detection billing and associated recovery processes will be monitored every month to ensure the timely identification of overbilling and abnormal trends, enabling prompt corrective action.” “The primary objective of the ongoing reforms in the power sector is to provide maximum convenience to consumers. Reforms in the detection billing system will ensure the protection of consumer rights, enhance transparency in the billing process, and further strengthen public confidence in the power system,” Leghari said. [...]

Govt reaffirms commitment to mobilising private capital through PPPs & privatisation
September 4, 2026 10:11
Govt reaffirms commitment to mobilising private capital through PPPs & privatisation

The government on Friday reaffirmed its commitment to increasing private sector participation in Pakistan’s economy through public-private partnerships (PPPs) and privatisation, pursuing both as key instruments of economic growth and transformation. The commitment was reiterated at the National Strategic Dialogue on PPPs and Privatisation and Launch of the Pakistan PPP Monitor, held in Islamabad with the participation of Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Adviser to the Prime Minister on Privatisation Muhammad Ali, ADB Vice President Yingming Yang, senior federal and provincial officials, development partners, financial institutions and representatives of the private sector and investment community. Speaking at the event, Federal Minister for Finance and Revenue Muhammad Aurangzeb highlighted the government’s focus on creating an environment that supports private investment, encourages business activity and enables greater private sector participation in economic development. “The private sector must lead Pakistan’s next phase of growth. PPPs and privatisation can help bring in investment, improve efficiency and create greater space for private sector participation. Our focus is on building a strong pipeline of investable opportunities and turning these opportunities into real investment and growth,” Aurangzeb said. In his address, Adviser to the Prime Minister on Privatisation Muhammad Ali said that Pakistan’s future infrastructure and development needs cannot be met by public spending alone and that the private sector must play a much larger role in financing, building and managing infrastructure and economic assets. He stressed that PPPs and privatisation are complementary, not competing, approaches. PPPs can bring private capital and expertise into infrastructure and public services, while privatisation can bring private ownership or management into commercial enterprises where it can improve efficiency, investment and service delivery. The adviser also noted that PPPs, privatisation and asset monetisation can be used as different tools to bring private capital, management, technology and accountability into areas where the public sector cannot do everything itself. “We have already started to give the reins of economic growth to the private sector. We need to continue on this path, complete our privatisation agenda, significantly expand our PPP pipeline, and start completing projects to demonstrate that the Government means business,” the Adviser said. ADB Vice President for South, Central and West Asia, Yingming Yang, welcomed Pakistan’s efforts to strengthen private sector participation and expressed ADB’s commitment to continue the longstanding cooperation in promoting large-scale participation of the private sector. “Mobilising private capital and expertise is essential. Well-structured PPPs can complement constrained public resources, bring private sector efficiency, support lifecycle maintenance, and improve services for citizens,” said ADB’s Vice President. Pakistan has an established track record in PPPs. According to the Pakistan PPP Monitor, 154 PPP projects have reached financial close in Pakistan since the 1990s, representing investment of close to $36 billion. The current federal PPP pipeline comprises 38 projects with an estimated value of approximately $6.5 billion, covering sectors including roads, railways, aviation, healthcare and industrial infrastructure. The government is also advancing a 27-transaction privatisation programme, including power distribution companies, major airports, insurance companies and specialised banks. The government reiterated that Pakistan enters the next phase with an established institutional framework, a strong track record and a growing pipeline of opportunities. The focus will be on moving these opportunities towards successful transactions, expanding private sector participation and supporting sustained investment-led growth. [...]

India food safety crackdown targets company of Nepal's 'Noodle King'
September 4, 2026 11:59
India food safety crackdown targets company of Nepal's 'Noodle King'

NEW DELHI: India on Friday ordered a Nepali billionaire’s company popular for its Wai Wai noodles to discontinue some products after an investigation found its factory used unhygienic “floor-collected, broken noodles” in making its Indian snacks. The crackdown is part of an unprecedented food safety drive in India, where federal and state officials are taking strict action against big and small eateries and brands ranging from Domino’s and Pizza Hut to Diageo for any food safety, hygiene or labelling lapses. Friday’s order was issued to a CG Foods India factory in Rajasthan state in western India, which is part of CG Corp Global, led by Nepal’s only billionaire Binod Chaudhary, nicknamed the “Noodle King”. The regulator’s investigation focused on two Wai Wai-branded products called bhujia — a popular fried Indian snack sold by many companies in the country in tiny packs. India food safety crackdown targets company of Nepal’s ‘Noodle King’ Inspectors found “re-processing floor-collected broken noodles into bhujia without heat treatment”, the Food Safety and Standards Authority of India (FSSAI) said in a social media post. In a statement, CG Foods India said it is fully cooperating with the regulatory process and remains “committed to maintaining the highest standards of food safety, quality, and compliance.“ Authorities also seized 32,000 kg of stock from the factory, as well as 1,925 boxes of expired finished goods, the FSSAI said, adding that “strict legal proceedings” were initiated against the food business operator. Samples have also been collected for testing, it added. Last week, Indian authorities raided an illegal operation in Mumbai that faked expiry dates and nutritional information on original food products manufactured by PepsiCo, Nestle and others so they could be exported to other countries, Reuters reported. [...]

Gillespie hits out at Pakistan selectors after mid-series overhaul
September 4, 2026 11:53
Gillespie hits out at Pakistan selectors after mid-series overhaul

Former Pakistan coach Jason Gillespie said the team’s latest upheaval reflected a lack of stability off the field, after the Pakistan Cricket Board overhauled the squad and coaching staff midway through the test series against England. Pakistan sent home seven players, including former captain Salman Ali Agha, and parted ways with head coach Sarfaraz Ahmed and bowling coach Umar Gul after heavy defeats in the opening two tests. Pakistan lost the first test by an innings and 103 runs and the second by 194 runs to go 2-0 down in the three-match series, failing to score more than 200 in all four innings. Gillespie, who coached Pakistan from April to December 2024, said constant changes had made it difficult for the team to build consistency. “I feel for the players — this is these guys’ livelihoods,” Gillespie told The Australian newspaper. “From the outside it looks like they are playing with fear. Salman Ali Agha goes from captaining the team in the first test against England, to being out of the team for the second test and on the plane home before the third test. How does that work? “If you want consistency on the field there needs to be consistency off the field. That goes to board level, selection and coaching level.” Pakistan have had six test coaches in the past three years, with former Australia fast bowler Gillespie among them. Pakistan have won one of their last eight test series since August 2024, a run that includes a 2-1 victory over England under Gillespie. “Aaqib Javed (Director High-Performance, Pakistan Cricket Board) came out recently and blamed (former Pakistan white-ball coach) Gary Kirsten and myself for everything that is going on. Aaqib has been chairman of selectors for the past two years. We haven’t even been there,” Gillespie said. “Somehow he claims it is our fault. Make sense out of that. I think Javed needs to look at himself in the mirror.” Reuters has contacted the Pakistan Cricket Board for comment. Gillespie was also critical of how some players learned of their omissions. “The players who were sacked heard it through family and friends and the media,” he said. “How disrespectful is that?” Despite his criticism, Gillespie said he remained a strong admirer of Pakistan’s players. “The talent there is as good as anywhere in the world,” he added. “These players just need support off the field.” Pakistan face England in the third and final test from September 9 to 13. [...]

Tata Motors tender for Italy's Iveco set for September 7 to October 26
September 4, 2026 11:46
Tata Motors tender for Italy's Iveco set for September 7 to October 26

MILAN: The tender offer by India’s Tata Motors for Italian truck and bus maker Iveco will run from September 7 to October 26, according to a statement published after Italian market regulator Consob approved the offer document. Under certain conditions, the tender period will be extended for five further days, from November 2 to November 6, Iveco said in a statement late on Thursday, upon request of Tata Motors’ TML CV Holdings vehicle. Tata Motors last year agreed to buy Iveco’s commercial vehicle business in a deal valued at €3.8 billion ($4.4 billion). As part of the deal, Tata Motors agreed to offer €14.10 in cash for each Iveco share. Chair of India’s Tata to step down after tension with controlling charity Tata’s offer is backed by Iveco’s largest shareholder Exor, the holding company of Italy’s Agnelli family, which owns a 27.1% stake in the Turin-based company. Tata’s takeover is part of a broader transaction under which Iveco previously sold its IDV defence business to Italy’s State-backed defence group Leonardo for €1.7 billion. [...]

World food prices at highest since 2022 as supply risks mount, FAO says
September 4, 2026 11:40
World food prices at highest since 2022 as supply risks mount, FAO says

PARIS: World food prices rose in August to their highest since late 2022, as adverse weather and war disruption in the Black Sea heightened concern over supply of staples, the United Nations’ Food and Agriculture Organization said on Friday. Extreme heat and drought in Europe, the threat of a severe El Nino weather pattern and trade upheaval caused by the Ukraine and Iran wars have unsettled agricultural markets, pushing grain prices to three-year highs and sugar to a one-year peak. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 133.3 points in August, up from July’s revised reading of 130.8. That was the highest score since November 2022, though nearly 17% below a record peak from March 2022, after Russia’s full-scale invasion of Ukraine. Pakistan pursuing comprehensive strategy to strengthen food security, food safety: PM Shehbaz “August’s increase in global food prices is a warning that the risk premium is returning to food markets: climate shocks, geopolitical tensions and disrupted trade logistics are converging to tighten supply expectations,” FAO Chief Economist Maximo Torero said in a statement. The FAO’s price benchmarks for cereals, vegetable oils, sugar, meat and dairy all rose in August. The extreme weather in Europe affected prospects for the maize (corn) and sugar beet harvests as well as livestock output, while the anticipated El Nino phenomenon fueled concerns for palm oil and sugar output in Asia, it said. Escalating attacks in the Black Sea have curtailed grain shipments from Russia and Ukraine in their 4-1/2-year-old war, while the U.S.-Iran conflict was straining flows of fertilizer for crops. Sri Lanka’s inflation index up 8% year-on-year in August on higher food prices Among food categories, FAO’s cereals price index rose 2.2% month-on-month to its highest since May 2024, and the vegetable oil index edged up 0.6% to its highest since June 2022. The agency’s sugar benchmark jumped 11.9% to its highest since June 2025, with lower production in Brazil’s crucial center-south region adding to weather concerns in Europe and Asia. In a separate report, the agency cut its 2026 global cereal production forecast by 3.4 million metric tons from a previous estimate in July to 2.980 billion tons, now 2.0% below 2025 in the largest annual decline since 2018. Projected output would still be the second-largest on record, however. Forecast world cereal stocks at the close of 2026/2027 were revised down 1.1% to 947.2 million tons, now only marginally above the previous season. A reduced estimate of coarse grain stocks outweighed an upward revision for wheat that reflected an anticipated build-up in Russian and Ukrainian stocks due to shipping disruption, the FAO said. [...]

Security forces kill 12 terrorists in Kalat IBO: ISPR
September 4, 2026 11:37
Security forces kill 12 terrorists in Kalat IBO: ISPR

Security forces have killed 12 terrorists in an intelligence-based operation in Kalat district of Balochistan, the military’s media wing said on Friday. According to the Inter-Services Public Relations (ISPR), the operation was conducted on September 2 following reports about the presence of terrorists belonging to what it described as the Indian proxy “Fitna al Hindustan”. During the operation, the forces identified and monitored a terrorist hideout before busting it through a “prompt and surgical” action, the ISPR said. “All 12 Indian-sponsored terrorists” were killed, while a cache of ammunition and improvised explosive devices was destroyed at the site, it added. Sanitisation operations were under way to eliminate any other terrorists found in the area, the military’s media wing said. The ISPR said the counterterrorism campaign under the vision of “Azm-e-Istehkam”, approved by the Federal Apex Committee on the National Action Plan, would continue at full pace. The campaign, it added, would continue until the menace of foreign-sponsored and supported terrorism was eliminated from the country. Prime Minister Shehbaz Sharif on Friday praised the security forces for killing 12 Fitna al Hindustan terrorists in an operation in Kalat, vowing that the fight against terrorism would continue until the menace was completely eliminated, PM Office stated. [...]

India regulator presses ahead against Hindenburg, others in Adani case, sources say
September 4, 2026 11:31
India regulator presses ahead against Hindenburg, others in Adani case, sources say

MUMBAI: India’s markets regulator has started hearing representations as it seeks to recover gains from trades it suspects benefited from prior knowledge of Hindenburg Research’s scathing report about Adani Group, two people with knowledge of the matter said. The Securities and Exchange Board of India (SEBI) in 2024 said U.S.-based Kingdon Capital Management built short positions in Adani-related stocks through a Mauritius-based fund linked to Kotak International before Hindenburg published its report. Short positions refer to selling borrowed shares, buying them back when the share price drops, then pocketing the difference. Short seller Hindenburg in its 2023 report said Adani Group had violated securities law, triggering a selloff of related shares and a consequent drop in their prices, and wiping out $150 billion in group value. Adani Group denied wrongdoing. Justice Department says Adani case should end because of foreign jurisdiction, small chance of success SEBI dismissed Hindenburg’s allegations of stock manipulation against the group. In 2024, SEBI detailed a profit-sharing agreement between Hindenburg and Kingdon and said six entities gained $22.25 million from short-selling trades. SEBI, Hindenburg, Kingdon and Kotak did not respond to emails seeking comment. Hindenburg previously denied wrongdoing and described SEBI’s assertions as “nonsense”. The case is widely regarded as setting a precedent in the pursuit of offshore entities and the recovery of assets overseas. It has already involved the rare attempt of seeking a stay in a foreign insolvency proceeding to enforce penal action. The regulator has started personal hearings more than two years later as the parties involved took time to respond, the people said. All parties are based overseas but SEBI believes it has jurisdiction since the trades were in India, they said. SEBI is proceeding with enforcement, arguing that the trades were based on non-public information and so violated rules aimed at preventing fraud, said one of the people. To secure assets for recovery, SEBI has opposed court-supervised insolvency proceedings in Mauritius for the Kotak fund – K India Opportunities Fund Class F – used to execute the trades, the people said. Proceeds of the trades went into the fund, they said. Reuters could not determine whether gains were distributed or redeemed by Kingdon as fund beneficiary. After learning of the insolvency, SEBI asked the court-appointed receiver in the first week of July to ensure fund assets were not transferred or distributed before it had ordered the recovery of alleged gains and interest, the people said. Mauritius’ Supreme Court appointed the managing director of business advisory and restructuring firm Quantuma as receiver in June to control and protect the fund’s assets, the people said. Quantuma declined to comment. [...]

India's REC set to debut tokenised corporate bond sale next week, bankers say
September 4, 2026 11:27
India's REC set to debut tokenised corporate bond sale next week, bankers say

MUMBAI: India will launch tokenized corporate bonds next week, as state-run REC aims to raise 5 billion rupees ($52.92 million) through bonds maturing in one year and eight months, three merchant bankers said on Friday. This would be India’s first debt issue to use blockchain technology to enable instant settlement of bond transactions, placing the country alongside markets such as Europe and Hong Kong in using the technology for issuance and settlement. Tokenised bonds are securities whose ownership, issuance, trading and settlement are recorded digitally on a blockchain or distributed ledger. The Reserve Bank of India’s digital currency will be used to buy the bonds. India debt investors call for higher short-term borrowing to absorb excess cash, sources say The base issue size is one billion rupees, and REC will have a greenshoe option of retaining an additional four billion rupees, with the bidding for the sale set to take place on Monday, bankers said. Only investors with active security and CBDC wallets would be allowed to place bids for the issue. Last week, Reuters had reported that India’s markets regulator and the central bank are working together on pushing the technology, citing sources close to the development, with a pilot issue set for launch in early September. [...]

Copper edges up on thinning stocks, eyes 10-week winning streak
September 4, 2026 11:23
Copper edges up on thinning stocks, eyes 10-week winning streak

Copper ticked higher on Friday and was set to post a 10th straight weekly rise, as thinning inventories outside the U.S. and a soft dollar lent support. Benchmark three-month copper on the London Metal Exchange was up 0.3% at $14,373 a metric ton as of 0900 GMT, moving closer to its all-time peak of $14,527.50. The metal was on course for a 0.5% gain this week. It has risen every week since the week beginning June 29 as ballooning inventories in the U.S. in anticipation of possible import tariffs tighten the market elsewhere. U.S. copper imports in July hit their highest level on record, while Shanghai Futures Exchange data on Friday showed copper inventories fell 13% from last week to 63,000 tons, the lowest since January 2024. LME copper stocks dipped by 475 tons, and there were orders to withdraw another 1,550 tons. The tariff uncertainty should continue to support copper, although already elevated prices are “likely to limit near-term gains,” BMI, a unit of Fitch Solutions, said in a note. The dollar slumped overnight on fading rate hike expectations after dovish comments by Federal Reserve Governor Christopher Waller. A cheaper dollar can support greenback-denominated commodities by making them more affordable for buyers using other currencies. Aluminium slipped 0.5% to $3,295 but was still on track to end the week 1.6% higher. The cash-to-three month aluminium spread has flipped into a slight backwardation, signalling tightening availability. “We remain neutral to constructive near-term given low visible inventories and a still-tight physical market,” Citi said in a note on aluminium, adding that the balance would become more challenging over the next six–12 months as ex-China supply growth accelerates. Zinc added 0.5% to $3,932.50, with the three-month spread still in steep backwardation at $140 a ton. Lead was up 0.5% at $1,912.50 after orders to withdraw 8,450 tons of stock, while nickel nudged up 0.2% to $16,825 and tin shed 0.4% to $54,700. [...]

Palm ends higher on El Nino worries; logs weekly gain
September 4, 2026 11:20
Palm ends higher on El Nino worries; logs weekly gain

KUALA LUMPUR: Malaysian palm oil futures climbed on Friday and logged a weekly gain, as worries over El Niño’s potential impact on production supported prices. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 27 ringgit, or 0.55%, to 4,931 ringgit  ($1,220.24) a metric ton at the close. The contract gained 0.76% this week, recovering from the previous week’s losses. At the closing, crude palm oil futures ended higher on ongoing concerns over output in the medium term amid El Niño weather conditions affecting both Malaysia and Indonesia, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd. Dalian’s most-active soyoil contract declined 0.19%, while its palm oil contract shed 0.39%. Soyoil prices on the Chicago Board of Trade were down 0.46%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices eased but were still headed for a weekly gain as rising U.S.-Iran tensions heightened concerns over Middle East supply risks. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. Meanwhile, Indonesia’s effort to exert control over global prices for its vast natural resources by setting up a new commodities exchange will struggle to compete with established bourses and risks backfiring if participation is mandatory. Indonesian state-owned plantation company Agrinas Palma Nusantara is also targeting palm oil output of 1.5 million tons next year, said Chief Executive Mohammad Abdul Ghani. [...]

Pakistan rupee registers gain against US dollar
September 4, 2026 11:20
Pakistan rupee registers gain against US dollar

The Pakistani rupee extended its marginal gains against the US dollar on Friday. The local unit closed the day at 277.41, a gain of Re0.01 against the greenback. On Thursday, the Pakistani rupee settled at 277.42 against the dollar. Moreover, the Japanese yen clung to its gains ​against the US dollar on Friday and was on track for its strongest week in more ‌than a month. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was flat at 99.01, leaving the euro flat at $1.1625 and sterling at $1.3527. Furthermore, oil prices rose on Friday, heading for their steepest weekly gain since mid-July. Brent crude futures rose 54 cents, or 0.6%, to $96.06 a barrel by 0100 GMT, while US West Texas Intermediate crude futures climbed 80 cents, or 0.9%, to $92.10. On a weekly basis, Brent rose 7.6% and WTI was 10.4% higher, set for the highest gains since the week ended July 20. [...]

India debt investors call for higher short-term borrowing to absorb excess cash, sources say
September 4, 2026 11:09
India debt investors call for higher short-term borrowing to absorb excess cash, sources say

MUMBAI: Indian bond market participants have suggested that the government increase supply in the shorter duration, as most lenders are holding surplus rupee liquidity and looking for investment avenues, three treasury sources aware of the matter said on Friday. All the officials requested anonymity as they are not authorised to speak to the media. New Delhi has started consultations with market participants for the fiscal second-half borrowing calendar, which will continue through next week. The government aims to borrow a record 16.09 trillion rupees ($170.33 billion) for the current fiscal, including 7.89 trillion rupees from October to March, about 49% of the annual target. The suggestion comes after India’s banking system liquidity surplus jumped above 10 trillion rupees for the first time ever, helped by bigger-than-expected dollar inflows. India to begin borrowing talks this week as traders seek more ultra-long bonds “With such high rupee liquidity from nearly all the major banks and few lending avenues, it makes sense for the government to increase short-end supply and ease pressure on the 10-year,” one of the officials said. Supply of shorter duration maturities was at 23.5% of the total borrowing for April-September, up from 16.6% a year earlier. At the same time, ultra-long bonds with maturities of 30 to 50 years accounted for 24.9% of April-September borrowing, down from 35% a year earlier. The borrowing calendar will be announced towards the end of the month, before the central bank’s monetary policy decision on October 7. [...]

Indian shares post weekly losses as elevated crude keeps sentiment subdued
September 4, 2026 11:06
Indian shares post weekly losses as elevated crude keeps sentiment subdued

Indian shares rose on Friday after declining for four straight sessions but logged weekly losses as high crude prices and bond yields earlier in the week outweighed robust domestic growth and tax-collection data. The Nifty 50 rose 0.1% to 23,897.7, while the Sensex gained 0.48% to 76,515.43. Ahead of the closing auction, the indexes were up 0.27% and 0.65%, respectively. For the week, the benchmarks lost 1.2% and 1%, marking their fourth consecutive weekly decline and their longest losing streak in five months. Brent crude jumped about 7% this week as intensifying U.S.-Iran hostilities stoked inflation concerns and drove global bond yields higher, pressuring risk assets. “Crude remains the market’s central overhang, leaving investors wary of the near-term outlook,” said Samrat Dasgupta, CEO of Esquire Capital Investment Advisors, adding “even strong domestic growth data and GST collections have struggled to lift sentiment meaningfully this week.” “A busy IPO pipeline could also divert substantial flows into primary offerings and keep secondary-market trading muted next week,” Dasgupta added. Twelve of the 16 major sectors declined for the week. Small-caps gained 0.1%, while mid-caps fell 1.5%. The auto index lost 4% on concerns that sales growth could slow amid a high base and potentially weaker rural demand following a rainfall deficit. Maruti fell 5.1%, while Mahindra and Mahindra lost 4.9%. Coal India bucked the broader weakness, rising 3.6% on improving September-quarter earnings visibility, aided by higher August e-auction premiums and coal offtake. On Friday, capital-market stocks rallied after SEBI said it will review the methodology to determine derivatives settlement pricing following volatility linked to the newly introduced closing auction. BSE jumped 3.1%, Angel One gained 4.8%, while Groww and Motilal Oswal rose 2.2% and 2.4%, respectively. While dovish comments from a Federal Reserve governor eased global bond yields and lifted equities on Friday, broader risk aversion prevails ahead of the U.S. jobs data later in the day, which could influence the future rate trajectory. [...]

Indian rupee logs best week in five as RBI muscle power, foreign deposits support
September 4, 2026 11:03
Indian rupee logs best week in five as RBI muscle power, foreign deposits support

MUMBAI: The Indian rupee ended largely unchanged Friday, but posted its best weekly performance against the U.S. dollar in five weeks, helped by stronger-than-expected dollar inflows into the central bank’s special schemes. The Indian rupee moved in a narrow six paisa range before ending at 94.4850, aided by the Reserve Bank of India, which intervened at the start of the session and continued to sell dollars thereafter, traders said. For the week, however, the currency gained 0.9%, posting its biggest rise against the dollar since the week ended July 31, aided by heavy RBI intervention. The rupee was also supported by an influx of dollars that far exceeded estimates. The RBI repeatedly sold dollars near the open through the week. The central bank’s increasingly forceful intervention comes as its special schemes drew more than $136 billion in June-August. Its stepped-up presence has reinforced expectations that the RBI is using its increased firepower to steer the rupee higher. “Overall, the FCNR (Foreign Currency Non-Resident) story has given the rupee a strong shot in the arm, but the underlying fundamentals still carry their share of risk, and 94.00–94.20 remains a strong support zone (for USD/INR),” CR Forex said in a note. The rupee’s weekly rise comes despite a rally in oil prices, with the benchmark Brent crude contract set for its steepest weekly advance since mid-July on renewed military tensions between the U.S. and Iran. The Brent crude contract hovered at around $96 per barrel in Asian hours. Higher oil prices weigh on the rupee by worsening the inflation outlook and current account deficit in major importer India. Attention will now turn to key U.S. data ahead of the Federal Reserve’s September meeting, with nonfarm payrolls due later on Friday and inflation data next week likely to shape expectations for the central bank’s policy path. [...]

Mir Raza case: Judicial commission directs efforts to restore Bykea driver’s livelihood
September 4, 2026 10:41
Mir Raza case: Judicial commission directs efforts to restore Bykea driver’s livelihood

A judicial commission probing the mysterious death of young entrepreneur Mir Raza has directed the investigating officer to contact the driver’s former landlord and Bykea company to address their concerns and help restore his housing and livelihood, Aaj News reported on Friday. The direction came after Bykea driver Ihsanullah told the commission that the company had taken back the vehicle he was using and that his landlord had also evicted him. He said he was currently forced to stay at Ferozabad police station. According to the commission’s written order, statements of Mir Raza’s business partner Muhammad Abdullah, Ahmed, driver Ihsanullah and DSP Arshad Afridi were recorded during the proceedings. The commission directed investigating officer DSP Siraj Lashari to contact the company management and the landlord and assure them that no coercive action would be taken against them in connection with the Mir Raza case. It observed that Ihsanullah was not a suspect in the case but had cooperated fully with Mir Raza’s family during the search for the missing entrepreneur. Lawyer Jibran Nasir, who represents Mir Raza’s family, said on Thursday that Ihsanullah had cooperated with the family and investigators from the outset but was allegedly evicted by the police and lost access to the Bykea vehicle after becoming involved in the case. Jibran said the commission had taken notice of the matter and directed the investigating officer to speak to the driver’s landlord and Bykea about restoring his circumstances. He urged Bykea to rehire the driver independently, saying, “Instead of encouraging those who stand for justice and have courage to come forth with truth, we penalise them as a society.” Bykea CEO Muneeb Maayr, however, disputed Nasir’s account, saying the driver had rented the vehicle on a monthly basis through the company’s fleet business. Maayr said the vehicle had been impounded and Ihsanullah detained by police for several weeks. After the vehicle was released, Bykea parked it because it had been involved in a high-profile incident and removed it from the company’s rental offerings. He clarified: “At no point in time was the driver ever banned from Bykea and is free to drive any vehicle on our platform, it is just that we don’t have another car to rent to him available today as fleet cars are locked and assigned to drivers for multiple months.” Responding to the Bykea CEO, Nasir said his post reflected Ihsanullah’s statement on oath before the commission and the facts narrated by the driver. He said the vehicle might have been released to Bykea because police no longer considered it case property or part of the crime scene, adding that alternative arrangements could be explored to protect the driver’s livelihood. [...]

Power Division moves to improve detection billing system
September 4, 2026 10:36
Power Division moves to improve detection billing system

The Power Division on Friday decided to introduce fundamental reforms in the detection billing system to protect electricity consumers from unnecessary hardships and additional financial burdens. As per a press release, the initiative is part of the ongoing broader reform process in the power sector led by Federal Minister for Power Division, Sardar Awais Ahmad Khan Leghari, aimed at providing maximum relief to consumers and ensuring the effective protection of their rights. In the past, in cases of meter malfunctions, technical faults, or the inability to accurately record electricity consumption, detection bills were issued by estimating consumption under relevant rules and regulations. However, in certain instances, estimated consumption did not correspond to actual usage, resulting in inflated billing and a protracted grievance redressal process for consumers. The potential for human intervention within this system also raised concerns regarding transparency and irregularities. Taking notice of these issues, the Power Division, under the leadership of Leghari, decided to digitise and automate the detection billing system to minimise human intervention and unnecessary discretionary powers, the statement added. READ MORE:Power Division moves to expedite net-metering approvals following NEPRA directives In this regard, directions have been issued to all distribution companies to incorporate necessary amendments into NEPRA’s Consumer Service Manual and undertake other relevant measures. “Under the new system, the detection billing and associated recovery processes will be monitored every month to ensure the timely identification of overbilling and abnormal trends, enabling prompt corrective action.” “The primary objective of the ongoing reforms in the power sector is to provide maximum convenience to consumers. Reforms in the detection billing system will ensure the protection of consumer rights, enhance transparency in the billing process, and further strengthen public confidence in the power system,” Leghari said. [...]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

EU still reliant on US for defence as 2030 readiness goal faces challenges
September 3, 2026 4:31
EU still reliant on US for defence as 2030 readiness goal faces challenges

The European Union could struggle to defend itself against a foreign invasion by 2030 because of its reliance on the United States and fragmented national defence systems, an official report has warned.The European Court of Auditors said the EU is significantly better prepared than before Russia's... [...]

Canada makes biggest-ever Via Rail investment with $4.7 billion passenger car deal
September 3, 2026 4:10
Canada makes biggest-ever Via Rail investment with $4.7 billion passenger car deal

The Canadian government is spending $4.7 billion to build 313 new Via Rail passenger cars in Canada, Prime Minister Mark Carney announced on Thursday.The new passenger cars will be manufactured at Alstom's plant in Thunder Bay, Ontario, marking the first time Via Rail passenger cars have been... [...]

Toronto storm cleanup begins as thousands remain without power across Ontario
September 3, 2026 3:30
Toronto storm cleanup begins as thousands remain without power across Ontario

Thousands of people remained without power across Toronto and southern Ontario on Thursday after a severe storm brought torrential rain, flooding, hail and widespread damage.Toronto Hydro reported about 8,300 homes and businesses without electricity early Thursday, while Hydro One said more than... [...]

Spain's PM denies government ignored warnings before Ceuta migrant crisis
September 3, 2026 3:10
Spain's PM denies government ignored warnings before Ceuta migrant crisis

Spanish Prime Minister Pedro Sanchez has denied his government ignored warnings before an estimated 72,000 people crossed from Morocco into the Spanish enclave of Ceuta.Speaking in parliament on Thursday, he said authorities received no “alerts or special notices” ahead of the mass... [...]

Sam Altman says AI adoption is 'Non-negotiable' for global economies
September 3, 2026 3:05
Sam Altman says AI adoption is 'Non-negotiable' for global economies

Sam Altman says AI adoption is 'Non-negotiable' for global economiesOpenAI CEO Sam Altman argued that adopting artificial intelligence is "non-negotiable" for countries and global economies, comparing rejecting the technology to refusing electricity a century ago.Speaking at the G20 Innovation... [...]

Texas GOP turns on big tech as AI data centers spark voter revolt
September 3, 2026 2:52
Texas GOP turns on big tech as AI data centers spark voter revolt

Texas GOP turns on big tech as AI data centers spark voter revoltTexas Republicans, including Governor Greg Abbott and Attorney General Ken Paxton, have shifted sharply against the booming artificial intelligence data center industry, putting big tech companies on notice ahead of the midterm... [...]

Billionaire Leon Black refuses to testify in Epstein investigation and sues House committee
September 3, 2026 2:50
Billionaire Leon Black refuses to testify in Epstein investigation and sues House committee

Billionaire investor Leon Black has sued the House Oversight Committee and refused to appear for testimony in its investigation into convicted sex offender Jeffrey Epstein.Black was scheduled to give a deposition on Thursday but is challenging congressional subpoenas seeking his testimony and... [...]

Canada investigates food imports after India raid uncovers fake labels
September 3, 2026 2:30
Canada investigates food imports after India raid uncovers fake labels

Canada's food safety agency is assessing whether an illegal food relabelling operation uncovered in India poses a risk to products imported into the country.Reuters reported that Indian authorities raided a Mumbai warehouse last week and seized nearly $80,000 worth of food products, along with... [...]

Dozens feared dead after migrant boat found drifting off canary islands after 26 days
September 3, 2026 2:30
Dozens feared dead after migrant boat found drifting off canary islands after 26 days

Dozens feared dead after migrant boat found drifting off canary islands after 26 days Spanish maritime rescue authorities intercepted a severely distressed migrant boat drifting approximately 65 nautical miles southwest of Gran Canaria, after it was spotted by a rescue aircraft on... [...]

Why hasn't Nancy Guthrie's case gone cold after 7 months?
September 3, 2026 1:40
Why hasn't Nancy Guthrie's case gone cold after 7 months?

Why hasn't Nancy Guthrie's case gone cold after 7 months?Since her disappearance from her home, Nancy Guthrie is still missing, and investigators are searching for her from all angles, including kidnapping.Yet, seven months have passed, but no suspect has been arrested.This prompts critics to... [...]

Trump backs Syria as alternative route to Strait of Hormuz
September 3, 2026 12:33
Trump backs Syria as alternative route to Strait of Hormuz

Trump backs Syria as alternative route to Strait of HormuzUS President Donald Trump has welcomed the reports, suggesting that Syria has presented itself as a potential alternative route to the Strait of Hormuz. President Trump has not only shared a report showing the growing role of Syria as a... [...]

Putin says Ukraine peace deal is possible, warns of new obstacles
September 3, 2026 11:42
Putin says Ukraine peace deal is possible, warns of new obstacles

Russian President Vladimir Putin on Thursday signalled that a peace deal with Ukraine is still possible but new obstacles complicate restarting peace talks. Speaking at an economic forum in Russia's Far East, Putin talked of a chance for a peace agreement to end the war in Ukraine, but Ukrainian... [...]

Sultan of Oman accepts King Charles invitation to pay state visit in October
September 3, 2026 11:26
Sultan of Oman accepts King Charles invitation to pay state visit in October

Sultan of Oman will pay a State Visit to the United Kingdom from 20th – 22nd October, 2026Sultan Haitham bin Tarik, Sultan of Oman, will pay a state visit to the UK as the guest from Tuesday 20th to Thursday 22nd October 2026, palace has announced.The British royal family announced on... [...]

UN warns 'supersized' El Nino is approaching: 'We have no time to lose'
September 3, 2026 11:02
UN warns 'supersized' El Nino is approaching: 'We have no time to lose'

UN warns ‘supersized’ El Nino is approaching: ‘We have no time to lose’ The exceptional El Nino weather phenomenon is approaching and set to intensify, shattering all climate records as per the latest forecasts. The latest warning comes from the UN Secretary General... [...]

Real reason revealed why Meghan Markle, Prince Harry rejected Charles Spencer house offer
September 3, 2026 10:30
Real reason revealed why Meghan Markle, Prince Harry rejected Charles Spencer house offer

Prince Harry made the decision because of Meghan MarkleA royal expert has revealed the real reason why Meghan Markle and Prince Harry rejected Princess Diana’s brother Charles Spencer offer to stay at his Althorp House.In his latest piece for Naughty But Nice substack, royal expert Rob... [...]

سوات، مالا کنڈ میں گرج چمک کے ساتھ تیز بارش
September 3, 2026 10:09
سوات، مالا کنڈ میں گرج چمک کے ساتھ تیز بارش

سوات اور مالا کنڈ میں گرج چمک کے ساتھ تیز بارش ہوئی۔تیز بارش کے باعث مختلف علاقوں میں بجلی کی فراہمی معطل ہوگئی۔دریائے سوات کے کنارے... [...]

بدین کے علاقے کڈھن میں مبینہ پولیس مقابلے نے نیا تنازع کھڑا کر دیا
September 3, 2026 7:09
بدین کے علاقے کڈھن میں مبینہ پولیس مقابلے نے نیا تنازع کھڑا کر دیا

بدین کے علاقے کڈھن میں مبینہ پولیس مقابلے نے نیا تنازع کھڑا کر دیا، سابق پولیس سرجن وقار احمد نے نوجوان کو گولیاں آٹھ سے دس فٹ کے... [...]

بختاور بھٹو زرداری بچوں اور شوہر کے ہمراہ لندن پہنچ گئیں
September 3, 2026 6:09
بختاور بھٹو زرداری بچوں اور شوہر کے ہمراہ لندن پہنچ گئیں

فوٹو: فائل۔ انسٹاگرام/بختاور بھٹو زرداریصدر آصف علی زرداری کی بیٹی بختاور بھٹو زرداری اپنے بچوں اور شوہر محمود چودھری کے ہمراہ لندن... [...]

پارلیمنٹ، کابینہ اور ن لیگ کی کمیٹی میں نئے صوبوں پر بات نہيں ہوئی، کھیئل داس کوہستانی
September 3, 2026 5:09
پارلیمنٹ، کابینہ اور ن لیگ کی کمیٹی میں نئے صوبوں پر بات نہيں ہوئی، کھیئل داس کوہستانی

وزیر مملکت کھیئل داس کوہستانی : فائل فوٹو وزیر مملکت کھیئل داس کوہستانی نے کہا ہے کہ پارلیمنٹ، کابینہ اور ن لیگ کی سینٹرل ایگزیکٹو... [...]

سانحہ پمز اسپتال، سیکیورٹی اسٹاف کو فائر بریگیڈ کا ہیلپ لائن نمبر معلوم نہ ہونے کا انکشاف
September 3, 2026 4:09
سانحہ پمز اسپتال، سیکیورٹی اسٹاف کو فائر بریگیڈ کا ہیلپ لائن نمبر معلوم نہ ہونے کا انکشاف

اسلام آباد پولیس نے سانحہ پمز کی فوجداری قانون کے تحت تحقیقات شروع کردیں۔ ابتدائی تحقیقات کے مطابق سانحہ کے بعد پمز کے... [...]

کسی بھی صورت سندھ کو تقسیم نہیں ہونے دیں گے: راشد سومرو
September 3, 2026 4:09
کسی بھی صورت سندھ کو تقسیم نہیں ہونے دیں گے: راشد سومرو

فوٹو: فائلجمعیت علماء اسلام کے سربراہ راشد محمود سومرو نے کہا ہے کہ سندھ اسمبلی میں نئے صوبوں کا معاملہ ختم ہونا چاہیے۔سجاول میں... [...]

قائمہ کمیٹی داخلہ میں اسلام آباد بلدیاتی بل منظور، پیپلز پارٹی کی مخالفت
September 3, 2026 4:09
قائمہ کمیٹی داخلہ میں اسلام آباد بلدیاتی بل منظور، پیپلز پارٹی کی مخالفت

فوٹو: ایکس قومی اسمبلی کی قائمہ کمیٹی برائے داخلہ نے پیپلز پارٹی کی شدید مخالفت کے باوجود 'اسلام آباد لوکل گورنمنٹ آرڈیننس بل 2026'... [...]

’پہلے ہی 6 بچے، مزید نہیں پال سکتی‘، ماں نے 2 ماہ کے بچے کو برساتی نالے میں پھینک دیا
September 3, 2026 4:09
’پہلے ہی 6 بچے، مزید نہیں پال سکتی‘، ماں نے 2 ماہ کے بچے کو برساتی نالے میں پھینک دیا

مری میں ایک خاتون نے اپنے 2 ماہ کے بچے کو برساتی نالے میں پھینک دیا۔ ڈی پی او مری کا کہنا ہے کہ یو سی مسیاڑی گاؤں گوہڑہ میں والدہ نے 2... [...]

صوبے کی تقسیم کے خلاف سندھ اسمبلی میں قرارداد منظور
September 3, 2026 3:09
صوبے کی تقسیم کے خلاف سندھ اسمبلی میں قرارداد منظور

فائل فوٹو سندھ کی تقسیم کے خلاف سندھ اسمبلی میں قرار داد منظور کرلی گئی، قرارداد پیپلز پارٹی کے رکن اسمبلی نثار کھوڑو نے پیش کی... [...]

ہم سندھ کا بٹوارہ نہیں ہونے دیں گے: فریال تالپر
September 3, 2026 3:09
ہم سندھ کا بٹوارہ نہیں ہونے دیں گے: فریال تالپر

پاکستان پیپلز پارٹی کی رہنما فریال تالپر نے کہا ہے کہ ہم سندھ کا بٹوارہ نہیں ہونے دیں گے۔سندھ اسمبلی اجلاس کے دوران اظہار خیال کرتے... [...]

سانحہ پمز کے ذمہ داروں کیخلاف اگلے 2 سے 3 دن میں مقدمات درج ہونا شروع ہوں گے: طارق فضل چوہدری
September 3, 2026 3:09
سانحہ پمز کے ذمہ داروں کیخلاف اگلے 2 سے 3 دن میں مقدمات درج ہونا شروع ہوں گے: طارق فضل چوہدری

وفاقی وزیر برائے پارلیمانی امور طارق فضل چوہدری نے کہا ہے کہ سانحہ پمز کے ذمہ داروں کیخلاف اگلے 2 سے 3 دن میں مقدمات درج ہونا شروع ہوں... [...]

صوبے میں کرپشن کیلئے اب کوئی گنجائش نہیں، اس ناسور پر آہنی ہاتھ ڈال دیا: مریم نواز
September 3, 2026 3:09
صوبے میں کرپشن کیلئے اب کوئی گنجائش نہیں، اس ناسور پر آہنی ہاتھ ڈال دیا: مریم نواز

فوٹو: فائلوزیراعلیٰ پنجاب مریم نواز نے کہا ہے کہ صوبے میں کرپشن کے لیے اب کوئی گنجائش نہیں ہے۔ کرپشن اور رشوت کے ناسور پر آہنی ہاتھ... [...]

سندھ کے عوام کو پتہ ہونا چاہیے کون سندھ کی تقسیم چاہتا ہے: علی خورشیدی
September 3, 2026 3:09
سندھ کے عوام کو پتہ ہونا چاہیے کون سندھ کی تقسیم چاہتا ہے: علی خورشیدی

علی خورشیدی - فوٹو: فائلسندھ اسمبلی میں اپوزیشن لیڈر اور متحدہ قومی موومنٹ پاکستان کے رہنما علی خورشیدی نے کہا ہے کہ سندھ کے ہاری اور... [...]

وزیراعظم کی نیپالی سفارتخانے آمد، سیلاب اور لینڈ سلائیڈنگ سے جانی نقصان پر تعزیت کا اظہار
September 3, 2026 2:09
وزیراعظم کی نیپالی سفارتخانے آمد، سیلاب اور لینڈ سلائیڈنگ سے جانی نقصان پر تعزیت کا اظہار

تصویر سوشل میڈیا۔وزیراعظم شہباز شریف نیپال میں حالیہ سیلاب اور لینڈ سلائیڈنگ میں جانی نقصان پر تعزیت اور افسوس کا اظہار... [...]

ہم بار بار قومی اسمبلی کو خبردار کرتے ہیں سندھ کی تقسیم پر بات بھی نہ کرنا، وزیراعلیٰ سندھ
September 3, 2026 2:09
ہم بار بار قومی اسمبلی کو خبردار کرتے ہیں سندھ کی تقسیم پر بات بھی نہ کرنا، وزیراعلیٰ سندھ

وزیر اعلیٰ سندھ سید مراد علی شاہ کا کہنا ہے کہ اس آئین میں صوبوں کی تقسیم کا فیصلہ کرنے کا اختیار قومی اسمبلی کو بھی نہیں، ہم... [...]

ٹرمپ نے ایڈم ٹیلی کو وزیر فوج نامزد کردیا
September 4, 2026 12:09
ٹرمپ نے ایڈم ٹیلی کو وزیر فوج نامزد کردیا

امریکا کے صدر ڈونلڈ ٹرمپ نے ایڈم ٹیلی کو وزیر فوج نامزد کردیا۔ایڈم ٹیلی فوج کے سول ورکس کے شعبے میں معاون وزیر ہیں، انہیں مستعفی ڈین... [...]

میں نے ایران پر حملے کا درست فیصلہ کیا، صدر ٹرمپ
September 3, 2026 10:09
میں نے ایران پر حملے کا درست فیصلہ کیا، صدر ٹرمپ

فائل فوٹوامریکا کے صدر ڈونلڈ ٹرمپ کا کہنا ہے کہ انہوں نے ایران پر حملے کا درست فیصلہ کیا، امریکا ایران جنگ پہلے ہی جیت چکا ہے۔ ایک... [...]

ایران میں شادی تقریب پر بمباری، عالمی برادری امریکیوں کو انصاف کے کٹہرے میں لائے، جنرل احمد واحدی
September 3, 2026 10:09
ایران میں شادی تقریب پر بمباری، عالمی برادری امریکیوں کو انصاف کے کٹہرے میں لائے، جنرل احمد واحدی

فوٹو: بشکریہ انٹرنیشنل میڈیاپاسدارانِ انقلاب نے عالمی برادری سے مطالبہ کیا ہے کہ وہ ایران میں شادی کی تقریب پر بمباری کرنے پر امریکی... [...]

امریکا، سینیٹ میں آرٹیفیشل انٹیلی جنس پر پابندی سے متعلق بل پیش
September 3, 2026 9:09
امریکا، سینیٹ میں آرٹیفیشل انٹیلی جنس پر پابندی سے متعلق بل پیش

فائل فوٹوامریکی سینیٹر برنی سینڈرز نے آرٹیفیشل انٹیلی جنس پر پابندی سے متعلق بل سینیٹ میں پیش کردیا۔بل میں اے آئی پر مستقل پابندی... [...]

عرب امارات کے صدر اور ٹرمپ کا رابطہ
September 3, 2026 8:09
عرب امارات کے صدر اور ٹرمپ کا رابطہ

متحدہ عرب امارات کے صدر شیخ محمد بن زاید النہیان اور امریکی صدر ڈونلڈ ٹرمپ کے درمیان ٹیلی فون پر رابطہ ہوا ہے۔ٹیلی فون پر گفتگو میں... [...]

علم نہیں ایران جنگ مڈٹرم الیکشنز تک ختم ہوگی یا نہیں، وینس
September 3, 2026 8:09
علم نہیں ایران جنگ مڈٹرم الیکشنز تک ختم ہوگی یا نہیں، وینس

امریکا کے نائب صدر جے ڈی وینس نے کہا ہے کہ انہیں علم نہیں کہ ایران جنگ امریکا میں نومبر میں ہونے والے مڈٹرم الیکشنز تک ختم ہوگی یا... [...]

دہلی میں دو فری لانسر صحافیوں شاہین خان اور نفیسہ خان پر پولیس کا تشدد
September 3, 2026 5:09
دہلی میں دو فری لانسر صحافیوں شاہین خان اور نفیسہ خان پر پولیس کا تشدد

بھارت کے دارالحکومت دہلی میں دو فری لانسر صحافیوں شاہین خان اور نفیسہ خان پر مبینہ تشدد کے خلاف صحافتی تنظیموں نے شدید احتجاج... [...]

کاکروچ جنتا پارٹی احتجاج کے دوران تشدد، بی جے پی دہشتگرد نے سیاسی پشت پناہی کا بھانڈا پھوڑ دیا
September 3, 2026 5:09
کاکروچ جنتا پارٹی احتجاج کے دوران تشدد، بی جے پی دہشتگرد نے سیاسی پشت پناہی کا بھانڈا پھوڑ دیا

بی جے پی کا دہشتگرد سوَتنتر بھردواج انٹرویو میں لوگوں پر حملے اور سیاسی پشت پناہی کا کھلے عام اعتراف کر رہا ہے۔نئی دہلی میں جنتر منتر... [...]

کینیا کے صدر نے بھارتی کیمیکل کمپنی کو ملک میں کام کرنے سے روک دیا
September 3, 2026 3:09
کینیا کے صدر نے بھارتی کیمیکل کمپنی کو ملک میں کام کرنے سے روک دیا

کینیا کے صدر ولیم روٹو۔کینیا کے صدر ولیم روٹو نے بھارت کی کیمیکل کمپنی کو ملک میں کام کرنے سے روک دیا۔صدر ولیم روٹو کا کہنا ہے کہ ٹاٹا... [...]

یوکرین جنگ ختم کرنے کیلئے امن معاہدے کا امکان موجود ہے، روسی صدر
September 3, 2026 1:09
یوکرین جنگ ختم کرنے کیلئے امن معاہدے کا امکان موجود ہے، روسی صدر

روسی صدر پیوٹن۔روسی صدر ولادیمیر پیوٹن نے کہا ہے کہ یوکرین جنگ ختم کرنے کے لیے امن معاہدے کا امکان موجود ہے، یوکرینی حملوں کے باعث... [...]

ایران کا متحدہ عرب امارات اور کویت میں امریکی فوجی اڈوں پر نئے حملوں کا دعویٰ
September 3, 2026 10:09
ایران کا متحدہ عرب امارات اور کویت میں امریکی فوجی اڈوں پر نئے حملوں کا دعویٰ

---فوٹو بشکریہ غیر ملکی میڈیا ایرانی فوج نے دعویٰ کیا ہے کہ آپریشن تھنڈر کے 31 ویں مرحلے کے دوران متحدہ عرب امارات اور کویت میں امریکی... [...]

پینٹاگون نے مشرقِ وسطیٰ میں امریکی فوجیوں کی تعیناتی 2027ء تک بڑھا دی: امریکی اخبار کا دعویٰ
September 3, 2026 10:09
پینٹاگون نے مشرقِ وسطیٰ میں امریکی فوجیوں کی تعیناتی 2027ء تک بڑھا دی: امریکی اخبار کا دعویٰ

—فائل فوٹوامریکی اخبار وال اسٹریٹ جرنل نے دعویٰ کیا ہے کہ پینٹاگون نے مشرقِ وسطیٰ میں امریکی فوجیوں کی تعیناتی 2027ء تک بڑھا دی۔وال... [...]

امریکا مختلف ممالک میں شادی کی تقریبات پر حملوں کا دنیا کو جواب دے: ایرانی پاسداران
September 3, 2026 10:09
امریکا مختلف ممالک میں شادی کی تقریبات پر حملوں کا دنیا کو جواب دے: ایرانی پاسداران

—فائل فوٹوایرانی پاسدارانِ انقلاب فورس نے مطالبہ کیا ہے کہ امریکا مختلف ممالک میں شادی کی تقریبات پر حملوں کے اپنے سیاہ ریکارڈ کے... [...]

طبیعت خراب ہونے پر پائلٹ نے دوحہ سے بنگلورو کی پرواز مسقط موڑ دی
September 3, 2026 8:09
طبیعت خراب ہونے پر پائلٹ نے دوحہ سے بنگلورو کی پرواز مسقط موڑ دی

---فائل فوٹو پائلٹ نے دورانِ پرواز طبیعت خراب ہونے پر دوحہ سے بنگلورو جانے والے بھارتی نجی ایئر لائن کے طیارے کا رُخ مسقط موڑ دیا۔بین... [...]

اسرائیلی بلڈوزروں کے سامنے فلسطینی خاتون کا زیتون کے درخت سے لپٹنے کا دلخراش منظر
September 3, 2026 8:09
اسرائیلی بلڈوزروں کے سامنے فلسطینی خاتون کا زیتون کے درخت سے لپٹنے کا دلخراش منظر

---اسکرین گریبمقبوضہ مغربی کنارے میں اسرائیلی بلڈوزروں کی کارروائی سے قبل فلسطینی خاتون کے زیتون کے درخت سے لپٹنے کا دلخراش منظر... [...]

پیٹرول اور ڈیزل کی قیمت میں ایک مرتبہ پھر اضافہ کردیا گیا
September 3, 2026 5:09
پیٹرول اور ڈیزل کی قیمت میں ایک مرتبہ پھر اضافہ کردیا گیا

پیٹرول اور ڈیزل کی قیمت میں ایک مرتبہ پھر اضافہ کردیا گیا۔نوٹیفکیشن کے مطابق ڈیزل 2 روپے 28 پیسے فی لیٹر جبکہ پیٹرول کی قیمت میں 2 روپے... [...]

ہالینڈ کا بڑا فیصلہ، کینیڈا سے اپنے سونے کے ذخائر انگلینڈ منتقل کردیے
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Adobe just announced its next CEO. Here’s why its stock is dropping.

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Tesla investors await updates on Cybercab robotaxi touted as the ‘future of transport’
September 3, 2026 11:45
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My wife and I are in our 70s. Should we move to California and take on a bigger mortgage to be near our kids?
September 3, 2026 11:36
My wife and I are in our 70s. Should we move to California and take on a bigger mortgage to be near our kids?

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Goldfish crackers are getting a makeover as new health trends reshape the snack aisle
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Goldfish crackers are getting a makeover as new health trends reshape the snack aisle

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Victoria’s Secret sees strong sales for bras and Pink line, but not enough to satisfy investors

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Oura files for IPO amid Americans’ obsession with tracking their sleep, steps and heart rates
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Oura files for IPO amid Americans’ obsession with tracking their sleep, steps and heart rates

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This subtle Microsoft change could be a big win for investors
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An old stock-market adage applies this month — how you should play it
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Nvidia takes back control of the AI trade as Big Tech nears record highs
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Dow, S&P 500 and Nasdaq all close sharply higher as tech stocks rally
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U.S. stocks up sharply in final hour as Big Tech and software rally — live
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Tesla’s stock is rallying as investors prepare for a ‘storm of Cybercabs’
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Jobless claims fall to lowest level since mid-May
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U.S. productivity slows down in fourth quarter while unit labor costs accelerate
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Beyond to buy rights to Buy Buy Baby brand and reunite it with Bed Bath & Beyond
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Amazon says it had best-ever Thanksgiving Holiday week with record sales and number of items sold
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U.S. stock futures and bond yields drop on reports Putin has updated nuclear doctrine
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Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal
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General Motors unveils new all-electric Cadillac called the Vistiq with 300-mile range
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Kazatomprom reports 17% increase in production during the third quarter
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  • About
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