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Pakistan central bank chief expects broader recovery than IMF forecast

February 11, 2026 8:30

KARACHI: Pakistan’s central bank chief expects the economy to grow as much as 4.75% this fiscal year, pushing back against a recent downgrade by the International Monetary Fund. Governor Jameel Ahmad, in written responses to Reuters, argued the recovery is broader and more durable than headline export data suggest. The State Bank of Pakistan (SBP) raised its FY26 growth forecast to 3.75–4.75% at its January meeting, 0.5 percentage point higher than its previous range, despite a contraction in exports in the first half of the year and a widening trade deficit. The governor said differences in projections were not unusual and reflected timing issues, including the IMF’s incorporation of flood-related assessments in its latest outlook. “All these sources and indicators, along with FY26-Q1 data, point to a broad-based recovery in all three sectors of the economy,” he said. He added that the central bank believed that agricultural activity had remained resilient despite floods and “it is even performing better than its targets.” He added that financial conditions had eased significantly following a cumulative 1,150-basis-point cut in the policy rate since June 2024, and that the full impact was still feeding through. This, he said, was supporting growth while preserving price and economic stability. Jul-Jan FY26: Workers’ remittances post 11pc growth The central bank last month held its benchmark rate at 10.5%, defying expectations for a cut. The divergence with the IMF comes at a delicate moment for Pakistan, which is emerging from a balance-of-payments crisis under a $7 billion IMF programme. Export drag, remittance cushion Pakistan’s previous growth spurts have often led to currency pressure and a decline in foreign exchange reserves, making the sustainability of the current rebound a key question for investors. Ahmad said high-frequency indicators and 6% growth in large-scale manufacturing in July–November point to strengthening demand, while agriculture has remained resilient despite last year’s floods, he said. While exports declined in the first half of the fiscal year, Ahmad said the fall reflected low global prices and border disruptions rather than softer activity. He said the current account deficit should stay within 0–1% of GDP, as strong remittances offset the wider trade gap and lift reserves above programme targets, with further gains expected due to Eid festival-related inflows. “Additionally, if the government decided to tap global capital markets for any debt issuance, then that would be on the upside of our current assessment,” he said. IMF board to meet Dec 8 to approve disbursement of $1.2bn to Pakistan Pakistan plans to issue panda bonds, a yuan-denominated debt sold in China’s domestic market around the upcoming Lunar New Year, as part of efforts to diversify external financing and broaden its investor base. He said the central bank has been consistently purchasing dollars in the interbank market to strengthen foreign exchange buffers, with data published regularly. Pakistan economy to remain in stabilisation phase over next two years: SBP governor He said that while economic stability has improved, structural reforms remain key to sustaining stronger growth and improving productivity. [...]

Buying momentum at bourse, KSE-100 up over 1,600 points

February 11, 2026 8:20

Positive momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,600 points during trading on Wednesday. At 1:10pm, the benchmark index was hovering at 183,794.07, up 1,640.52 points or 0.90%. Buying interest was observed in key sectors, including cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including HUBCO, MARI, OGDC, POL, PPL, PSO, MCB, MEBL and UBL, traded in the green. Pakistan and Indonesia on Tuesday agreed to expedite efforts to transform their existing Preferential Trade Agreement (PTA) into a Comprehensive Economic Partnership Agreement (CEPA) by 2027, marking a significant step towards strengthening bilateral economic ties. On Tuesday, PSX closed marginally lower as sustained selling pressure offset select gains in fertiliser, keeping investor sentiment. The benchmark KSE-100 Index ended the session down by 186.83 points, or 0.10%, to close at 182,153.55 points. Internationally, bonds jumped, and a rebound in stock markets slowed down on Wednesday after softer-than-expected US retail sales figures, while a rally in the yen has extended and might be beginning to signal a shift in investor thinking since Japan’s election. Trade in Asia was lightened by a holiday in Japan, and markets in Hong Kong and China opened around flat. Gold rose back above $5,000 an ounce, and Treasury futures climbed a little, with the cash market closed. Benchmark 10-year U.S. Treasury yields fell nearly six basis points overnight and touched a one-month low of 4.14% after data showed a 0.1% dip in core US retail sales in December and downward revisions to November and October figures. Yields fall when bond prices rise. The S&P 500 closed 0.3% lower, as a recovery from last week’s heavy selling in software shares starts to lose momentum. Alphabet shares, which fell 1.8%, weighed on the market as the Google parent is in the midst of raising debt to fund an AI infrastructure spending spree. In Asia, S&P 500 futures were 0.2% higher, Nikkei futures rose, though the cash market was shut for a holiday, and earnings drove moves in the Australian market, which was up 1% around the middle of the day in Sydney. This is an intra-day update [...]

TotalEnergies posts 13% drop in fourth-quarter profit on lower oil, gas prices

February 11, 2026 7:23

PARIS: French oil major TotalEnergies reported a 13% drop in fourth-quarter earnings on Wednesday, slightly missing expectations, as soaring margins on refining fuels and cash from selling stakes in renewable assets failed to offset lower oil and gas prices. Total reported fourth-quarter adjusted net income of $3.8 billion (3.2 billion euros), versus $4.4 billion a year earlier. Analysts had expected $3.9 billion, according to a consensus compiled by LSEG. [...]

Heineken to cut up to 6,000 jobs as beer demand falters

February 11, 2026 7:22

LONDON: Heineken on Wednesday said it would cut up to 6,000 jobs from its global workforce and set lower expectations for profit growth in 2026 than a year earlier, as the Dutch brewer and its peers grapple with weak demand for beers. The world’s No. 2 brewer by market value has promised to deliver higher growth with fewer resources under a new strategy that runs until 2030. Brewers have been struggling to generate sales growth due to a number of factors including strained consumer finances, geopolitical turbulence and bad weather. This productivity drive will unlock significant savings and reduce its global head count by 5,000 to 6,000 positions over the next two years, it said. CEO Dolf van den Brink, who abruptly announced his resignation in January amid slow sales and frustration from some investors, said Heineken’s “significant cost intervention” would help fund its first priority - accelerating growth. It will “unlock stronger people productivity and enable greater speed and efficiency,” he continued, adding that Heineken remained prudent about its expectations for the beer market in the future. Heineken to hike prices as inflation rises Heineken, which makes Tiger and Amstel, alongside its namesake lager, also trimmed its forecast profit growth range for 2026 compared to a year earlier, saying it expects to grow profits between 2% and 6% rather than the 4% to 8% growth it guided for in 2025. The brewer reported forecast-beating annual organic operating profit, which grew 4.4% in 2025 versus analyst expectations for 4% growth. [...]

APTMA warns of export threat, urges govt to seek preferential US market access

February 11, 2026 7:14

The All Pakistan Textile Mills Association (APTMA), one of the country’s largest industrial bodies, on Wednesday urged the government to immediately engage with the United States to secure preferential market access for Pakistan’s textile exports. “We are writing in the context of recent trade developments that materially affect Pakistan’s export competitiveness,” APTMA said in a letter to the Federal Minister for Commerce, Jam Kamal Khan. The association highlighted that major competitors have secured improved market access to the USA through new trade arrangements. “India has negotiated a tariff of 18% with the United States, while Pakistan faces around 19%. The European Union and India have concluded a free trade agreement. Most recently, Bangladesh has secured zero-tariff access to the United States market for garments and made-ups manufactured with American cotton,” it said. APTMA was of the view that these developments “pose a serious and immediate threat” to Pakistan’s textile and apparel exports. The association said that the country’s textile sector was already under severe stress due to high energy and input costs, interest rates, and taxes in the region, and an overall difficult business environment. “Improved market access for competitors, combined with lower input costs, risks further erosion of Pakistan’s export share in our largest market,” said APTMA. The association proposed that the Ministry of Commerce to seek tariff concessions for Pakistani textile and apparel exports to the United States for products made with American cotton, in exchange for enhanced imports of US cotton. “We also approached the American Embassy with a proposal for concessional market access,” it said. “In view of the rapidly changing competitive landscape, we respectfully urge that the Government of Pakistan may kindly approach the United States authorities to seek duty-free access for Pakistani textile and apparel products made from American cotton. Such an arrangement would support Pakistan’s exports, strengthen bilateral trade, and increase US cotton sales.” [...]

Pakistan’s Sitara Petroleum plans to go public: report

February 11, 2026 6:37

Sitara Petroleum Services Ltd, a Pakistani fuel station operator and transporter, is planning an initial public offering (IPO) at the Pakistan Stock Exchange (PSX) next month, reported Bloomberg on Wednesday. According to the international media outlet, the company plans to raise as much as Rs3.2 billion, i.e. $11.4 million in the listing, said Shahid Ali Habib, chief executive officer at Arif Habib Ltd., lead manager and book runner for the transaction, making it the second largest listing in Pakistan in the past four years. The company plans to utilise the funding to expand its outlets, fleet and storage capacity, read the report. Sitara Petroleum primarily trades and distributes diesel, petrol, and lubricants, while also offering fleet logistics services to Gas & Oil Pakistan Limited (GO). As the largest dealer of GO, Sitara operates 61 fuel stations primarily in Punjab province under the GO and Aramco brands. It also runs a fleet of 320 oil tankers. “The company will use the IPO proceeds to develop 30,000 tonnes of oil storage terminal at Gatti, Faisalabad, that will enable it to apply for an oil marketing license, a strategic transition it’s targeting by the 2028 fiscal year,” Habib told Bloomberg. Moreover, the company will also invest in at least 47 new fuel stations and acquire 50 more tankers. Earlier, Bloomberg said that 2026 could be a banner year for IPOs at PSX. Quoting two of Pakistan’s leading investment banks — Arif Habib Ltd. and Ktrade Securities Ltd. — Bloomberg said that some 16 IPOs are expected in the coming months. [...]

Australian shares rise in earnings-heavy session; CSL plunges 18%

February 11, 2026 6:33

Australian shares advanced on Wednesday, led by gains in financials and miners as a series of earnings bolstered sentiment, while CSL plunged to log its worst session on record following its CEO’s retirement announcement and a decline in first-half profit. The S&P/ASX 200 index rose 0.8% to 8,937.90 points at 0002 GMT. The benchmark ended flat on Tuesday. Biotech giant CSL dropped as much as 18.2% to its lowest level since mid-February 2018 after it announced the departure of its chief executive officer, and reported a 7% drop in its first-half earnings. It emerged as the top laggard on the benchmark, and also dragged the healthcare sub-index by as much as 6.2% to its lowest level since mid-May 2019. A slew of corporate earnings, including strong results from heavyweights, boosted investor sentiment. Commonwealth Bank of Australia posted record first-half cash earnings, and advanced as much as 6.7% to its highest level since November 11. The lender was also the top gainer on the financials sub-index, which was up 3.1%, with the remaining three of the “Big Four” banks gaining between 1.4% and 2.9%. Power producer AGL Energy rose as much as 8.3% to its highest level since early December after it narrowed its annual forecasts while reporting better-than-expected half-year profit. ASX-listed shares of James Hardie Industries surged as much as 13% to their highest level since late August after the company narrowed its full-year earnings forecast and reported a quarterly profit beat. CBA, AGL Energy and ASX-listed shares of James Hardie Industries were among the top gainers on the benchmark. In sub-indexes, miners and gold stocks were up for a third consecutive session, gaining as much as 0.7% and 1%, respectively. Energy stocks snapped a two-day winning streak and were down as much as 0.9% on muted oil prices. New Zealand’s benchmark S&P/NZX 50 index fell 0.2% to 13,488.44 points. [...]

South Korean shares rise for third day on autos boost

February 11, 2026 6:24

SEOUL: Round-up of South Korean financial markets: South Korean shares rose for a third straight session on Wednesday, led by gains in automakers amid efforts to expedite the implementation of a trade deal with the US. The benchmark KOSPI was up 34.25 points, or 0.65%, at 5,335.94, as of 0201 GMT. South Korea will set up a committee to conduct preliminary reviews of US investment projects as it seeks to speed up the implementation of a $350 billion investment package pledged under a trade deal with Washington, officials said on Tuesday. South Korea’s exports in the first 10 days of this month rose 44.4% from a year earlier, data showed. Hyundai Motor and sister automaker Kia Corp were up 3.64% and up 3.36%, respectively, leading gains among major index heavyweights. Chipmaker Samsung Electronics rose 0.12%, while peer SK Hynix fell 1.26%. The two firms plan to start building data centres in South Korea with US artificial intelligence firm OpenAI from March. Battery maker LG Energy Solution was flat, while steelmaker POSCO Holdings shed 0.27%. Drugmaker Samsung BioLogics rose 0.64%. Of the total 927 traded issues, 458 shares advanced, while 417 declined. Foreigners were net sellers of shares worth 276.5 billion won ($189.92 million). The won was quoted at 1,456.0 per dollar on the onshore settlement platform, 0.08% higher than its previous close at 1,457.2. In money and debt markets, March futures on three-year treasury bonds gained 0.13 point to 105.00. The most liquid three-year Korean treasury bond yield fell by 3.2 basis points to 3.195%, while the benchmark 10-year yield fell by 6.8 basis points to 3.640%.‑Reuters [...]

Iron ore rises after China’s central bank pledges monetary support

February 11, 2026 6:18

SINGAPORE: Iron ore futures extended their gains on Wednesday after the central bank in top consumer China pledged financial support to boost domestic demand, exemplified by lower-than-expected consumption data. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) was up 0.26% at 765 yuan ($110.63) a metric ton, as of 0234 GMT. The benchmark March iron ore on the Singapore Exchange was trading 0.17% higher at $100.35 a ton. China’s central bank said late Tuesday it will step up financial support to boost domestic demand, as industrial overcapacity and lacklustre consumption weighed on business confidence and dampened growth outlook. Still, the country’s consumer inflation cooled in January while producer price deflation persisted, reinforcing market calls for more policy measures to address the mismatch between supply and demand. The consumer price index (CPI) increased 0.2% year-on-year, below the 0.4% rise projected in a Reuters poll. Meanwhile, the producer price index (PPI) fell 1.4% year-on-year, extending a years-long deflationary trend and continuing to weigh on industrial firms’ profits, indicating the need for more policy measures to boost effective demand and address deep-rooted imbalance in the economy. China relies on exports to absorb its production capacity, but a growing list of anti-dumping measures and trade rules in destination countries could derail the export-driven demand growth via strong Chinese steel exports. With anti-dumping resistance hardening globally and China signalling tighter production discipline, export momentum is expected to fade into 2026, with total volumes expected to fall as much as 30% in 2026, according to an ANZ research report released on February 11. Other steelmaking ingredients on the DCE softened, with coking coal and coke down 0.22% and 0.51%, respectively. Steel benchmarks on the Shanghai Futures Exchange advanced. Rebar strengthened 0.26%, hot-rolled coil firmed 0.37%, wire rod hardened 1.42% and stainless steel gained 0.54%. [...]

Yuan slips on soft inflation, defying firmer central bank guidance

February 11, 2026 6:14

SHANGHAI: China’s yuan slipped against the dollar on Wednesday, defying the central bank’s firmest daily guidance in three years, as softer-than-expected consumer inflation and a reaffirmed loose policy stance kept easing expectations in play. Consumer prices slowed and factory deflation persisted in January, reinforcing market calls for more policy measures to address the mismatch between supply and demand. The spot yuan opened at 6.9120 per dollar and was last trading at 6.9154 as of 0157 GMT, 14 pips lower than the previous late session close. The PBOC said on Tuesday that it would continue implementing a “moderately loose” monetary policy, prioritising stable growth and reasonable price recovery, and keeping the yuan basically stable at reasonable and balanced levels. Ten-year bond futures due in March rose to the highest level since Nov 6, 2025. Kiyong Seong, head of Asia Macro Strategy at Societe Generale, said China’s 10-year government bond yield could drop toward 1.6% from the current 1.79%, but urged investors to watch for any shift in the PBOC’s policy stance. The dollar index, which measures the greenback against a basket of six currencies, was 0.123% lower at 96.8. The offshore yuan traded at 6.914 yuan per dollar, down about 0.01% in Asian trade. Prior to the market opening, the People’s Bank of China set the midpoint rate at 6.9438 per dollar, its strongest since May 11, 2023, but 329 pips weaker than a Reuters’ estimate. The spot yuan is allowed to trade 2% either side of the fixed midpoint each day. The central bank has continued its practice since November of lifting its official guidance, but to a level weaker than market projections, in what participants interpreted as an attempt to allow steady and measured appreciation in the yuan. The yuan had surged to its strongest in nearly three years against the dollar on Tuesday, underpinned by heavy corporate demand for the local currency ahead of China’s biggest holiday. Companies, particularly exporters, typically need yuan ahead of the long Lunar New Year holiday to meet various obligations such as employee wages, supplier payments and bonuses. The week-long holiday runs from February 15 to 23 this year. [...]

Australian dollar hits three-year peak on rate-hike bets

February 11, 2026 6:03

SYDNEY: The Australian dollar climbed to a fresh three-year peak on Wednesday as the central bank signalled hawkish policy again, while the greenback came under pressure from softer US economic data. The Aussie climbed 0.7% to reach $0.7122, the first break above the 71-cent barrier since early 2023. The next chart target is a top from early 2023 at $0.7158 and then $0.7282. It also struck an 11-month top on the euro at 0.5576 and a nearly 13-year high on the New Zealand dollar. The Aussie strengthened after Reserve Bank of Australia Deputy Governor Andrew Hauser said inflation remains high and the economy was hitting capacity constraints, reinforcing investor speculation that further policy tightening might be needed. The RBA hiked its cash rate a quarter point to 3.85% last week and markets imply around a 70% chance rates will rise to 4.10% at the RBA’s meeting in May, following the release of first-quarter inflation figures. Adding to the case for a rate hike, data on Wednesday showed mortgage lending jumped an outsized 9.5% in the fourth quarter, while investment loans climbed to a record, suggesting financial conditions were looser than the RBA expected. The kiwi dollar was firm at $0.6059, having gained 0.3% so far in the session. Resistance remains at recent high of $0.60925 and the 2025 peak at $0.6120. The Reserve Bank of New Zealand will meet next week and is considered certain to leave rates at 2.25%, having cut by a total 225 basis points over the past year or so. Investors will focus on the central bank’s cash rate projections and whether a first hike is still expected in mid-2027. Markets currently price a 75% chance of a September increase, with a move to 2.5% fully priced for October. Kelly Eckhold, chief NZ economist at Westpac, expects the first hike in December but sees enough signs of activity accelerating to suggest spare capacity in the economy will be used up by early 2027. “Hence, we have revised up our view of how quickly the RBNZ will lift the OCR over 2027,” said Eckhold. “We expect a standard cycle where the OCR is raised by 25bp at each meeting from February to September, and peak at 4.25% in early 2028.” [...]

Chicago Soybeans extend gains despite bearish USDA data

February 11, 2026 5:59

BEIJING: Chicago soybean futures rose on Wednesday despite bearish data in the US Department of Agriculture’s monthly supply-demand report, as parts of the market pegged hopes on greater exports to China. The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 rose 0.1% to $11.23-3/4 a bushel by 0313 GMT. CBOT wheat Wv1 gained 0.6% to $5.31-1/2 a bushel. Corn Cv1 was up 0.1% at $4.29 a bushel. The USDA raised its estimate of soybean production in top world supplier Brazil to 180 million metric tons, from its previous estimate of 178 million, above an average of analyst estimates for 179.39 million. Some traders are optimistic that US soybean exports will increase, potentially tightening ending stocks, in light of US President Donald Trump’s remark last week that China had increased its target for US soybean purchases under a trade truce. “China is reported to be considering buying more US soybeans,” the USDA said in its monthly report. The agency left its forecast of US soybean stocks remaining at the end of the current marketing year unchanged at 350 million bushels. Soybeans rose in the last session on optimism about demand for US supplies, analysts said, but stayed below a two-month high set last week. The USDA also raised its forecast of US 2025/26 wheat ending stocks to 931 million bushels, up from 926 million last month and bucking trade expectations for a reduction. The agency attributed the higher wheat stocks forecast to a reduction in demand from domestic flour millers. For corn, the USDA raised its estimate of US 2025/26 exports by 100 million bushels and cut its forecast of corn ending stocks by the same amount. The government left its estimates of 2025/26 corn production in Brazil and Argentina unchanged from last month, at 131 million and 53 million tons, respectively. [...]

Dubai’s DXB airport forecast to handle nearly 100 million passengers this year

February 11, 2026 5:57

DUBAI: Dubai International Airport (DXB), the world’s busiest travel hub, is expected to handle close to 100 million passengers this year, its operator said on Wednesday, building on a record performance in 2025. Dubai Airports forecasts 99.5 million passengers in 2026, it said in a statement, as demand strengthens across several major markets. DXB handled 95.2 million passengers last year, up 3.1% from 2024. India, Saudi Arabia and Britain remained among its largest markets, while China, Egypt and Italy recorded double-digit growth. Dubai, home to the world’s tallest tower and palm-shaped islands, is the Middle East’s biggest tourism and trade hub. It is also a key connecting point for flights between Europe and Asia, and last year welcomed 19.6 million international overnight visitors, according to government data. “DXB achieved its busiest day, month, quarter and year on record, operating at the edge of physical capacity while consistently delivering operational excellence,” in 2025, Dubai Airports said. Pakistan highlighted as ‘core part’ of Emirates’ strategy as Dubai’s annual Arabian Travel Market event concludes To meet rising demand and a fast-growing population, the emirate has announced a major $35 billion expansion at its second airport, Al Maktoum International, also operated by Dubai Airports. The expansion is designed to handle 150 million passengers per year over the next decade, before reaching an annual capacity of 260 million passengers when complete. [...]

Copper little changed as demand slows ahead of China holiday

February 11, 2026 5:53

Copper prices were little change on Wednesday, as demand slowed ahead of China’s nine-day Lunar New Year break. The most-active copper on the Shanghai Futures Exchange dipped 0.10% to 101,760 yuan ($14,721.58) a metric ton as of 0320 GMT. The benchmark three-month copper on the London Metal Exchange was unchanged at $13,108 a ton. Demand from downstream users in top consumer China has slowed after last week’s restocking activities and the approaching of the nine-day Lunar New Year break, analysts at Chinese broker Galaxy Future said in a note. Demand for the red metal will only pick up in March in China, traders said. Meanwhile, rising copper stock level continued to be a concern for investors. The share of copper made in China in LME stocks fell in January as the bourse has become the go-to place for traders from the US and the rest of Asia looking to store the metal, but China-origin stocks still posted a month-on-month rise in absolute terms, up 8.77% to 95,150 tons from 87,475 tons in December. While copper stocks monitored by SHFE rose to the highest since March on Friday, the US Comex copper stocks continued to see daily inflow, advancing to a record 536,563 tons. The weakening dollar remained a support for industrial metals, by making greenback-priced commodities more affordable for investors using other currencies. Further support was found from a stronger Chinese yuan with the onshore yuan strengthening to 6.9085 on Tuesday, its strongest since May 2023, which is making the US dollar-denominated copper cheaper for Chinese buyers and investors. Among other SHFE base metals, nickel is leading gains, up 3.85% to 139,140 yuan a ton. LME nickel also advanced, rising 1.69% to $17,785 a ton. Nickel’s strength came from Indonesia’s plan to cut nickel mining quotas in 2026. “In both coal and nickel, the Indonesian government has moved to reduce mining permits (RKABs) in 2026, which could lead to lower volumes being produced and exported,” Jim Lennon, Managing Director of Commodities Strategy at Macquarie Group in a note. Elsewhere on SHFE, aluminium added 0.25%, zinc gained 0.43%, lead advanced 0.33%, and tin climbed 2.22%. Among other LME metals, aluminium rose 0.55%, zinc added 0.28%, lead nudged 0.15% higher and tin was up 0.44%. [...]

China stocks steady as metals rally counters consumer, AI losses

February 11, 2026 5:49

SHANGHAI: China shares held steady on Wednesday, as strong performances in metal-linked stocks partially offset losses in consumer and AI sectors, while Hong Kong equities edged higher. China’s blue-chip CSI300 Index edged 0.2% lower by the lunch break, while the Shanghai Composite Index nudged 0.2% higher. Hong Kong benchmark Hang Seng was up 0.4%. China’s CSI Non-ferrous Metal Industry Index jumped 3.2%, leading gains onshore, while the Hong Kong’s material shares rose 3.3%. China’s central bank said on Tuesday it will step up financial support to boost domestic demand, as industrial overcapacity and lacklustre consumption weigh on business confidence and dampen the outlook for growth. Consumer staples edged 0.2% lower after data showed China’s consumer inflation cooled in January while producer price deflation persisted, reinforcing market calls for more policy measures to address the mismatch between supply and demand. The CSI Liquor Index extended losses, down 0.5%. Tech majors listed in Hong Kong were up 1.1%, while onshore artificial intelligence shares dropped 1.7%. About 55 trillion–60 trillion yuan of bank savings, roughly split between households and corporates, are set to mature by 2026, according to UBS analysis of major Chinese banks. UBS strategist Lei Meng said this could release “excess savings” built up since 2020, with household funds likely to keep flowing into markets through direct channels such as stocks and mutual funds and indirect channels such as insurance. As global capital trickles back toward China, policymakers are signalling they want growth without the froth, using tougher enforcement and cooling measures to slow the market’s pace in order to strengthen its appeal in the long term. Shares of WuXi Biologics climbed as much as 4% to their highest level since October 9 on robust earnings.‑Reuters [...]

India’s Hindalco sees up to $1.6 billion impact from fire at unit’s New York plant

February 11, 2026 2:14

India’s Hindalco said on Wednesday the fire at the New York plant of its U.S. unit, Novelis, will hit the miner’s 2026 cash flow by $1.3 billion to $1.6 billion, and that it aims to restart the mill toward the end of the second quarter. Earlier in the day, Ford Motor flagged that it saw lower production in the fourth quarter due to the Novelis fires, with a partial recovery expected in 2026. Hindalco unveils $2.3 billion aluminium smelter expansion plan Reuters reported last week that aluminium production at Novelis has not fully resumed, more than four months after a fire disrupted supplies. Hindalco had said in November that the incident would hit cash flow by $550 million to $650 million, adding that no one was injured and the blaze was contained to the hot mill. [...]

Rupee appreciates against US dollar

February 11, 2026 2:06

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280.10, 280.07, 280.06, 280.05, 280.02, 280.01, 280.0, 279.97, 279.96, 279.95, 279.92, 279.91, 279.90, 279.87, 279.86, 279.85, 279.82, 279.81, 279.80, 279.77, 279.76, 279.75, 279.72, 279.71, 279.70, 279.67, 279.66 ], borderColor: 'black', borderWidth: 1, fill: false, pointRadius: 3 }] }, options: { responsive: true, plugins: { legend: { display: false } }, scales: { x: { title: { display: true, text: 'Date' } }, y: { title: { display: true, text: 'Closing Rate' } } } } }); The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Wednesday. At close, the local currency settled at 279.66, a gain of Re0.01 against the greenback. On Tuesday, the local currency closed at 279.67, according to the State Bank of Pakistan (SBP). Pakistan’s central bank chief expects the economy to grow as much as 4.75% this fiscal year, pushing back against a recent downgrade by the International Monetary Fund (IMF). The SBP raised its FY26 growth forecast to 3.75–4.75% at its January meeting, 0.5 percentage point higher than its previous range, despite a contraction in exports in the first half of the year and a widening trade deficit. Meanwhile, the yen held on to solid gains on Wednesday as investors bet that Prime Minister Sanae Takaichi’s landslide election victory puts her in a strong position to pursue more fiscally responsible policies. Elsewhere, the Aussie broke above $0.71 for the first time in three years. The dollar wobbled ahead of the key US non-farm payrolls report due later on Wednesday, after a run of data overnight hinted at a softening in the world’s largest economy. The yen was up nearly 0.4% against the dollar at 153.80, building on a 1% rise in the previous session that also saw it rally against other currencies. The euro fetched 183.15 yen after a 1.2% drop on Tuesday, while sterling extended the previous day’s 1.3% fall against the Japanese currency and was down 0.28% at 210.00. Trading was thinned in Asia due partly to a holiday in Japan. Oil prices, a key indicator of currency parity, gained more than 2% on Wednesday, buoyed by potential supply risks should tensions between the US and Iran escalate, while draws of crude from key stockpiles suggested stronger demand. Brent crude oil futures were up $1.52, or 2.2%, at $70.32 a barrel by 1320 GMT. US West Texas Intermediate crude rose $1.50, or nearly 2.4%, to $65.46. Inter-bank market rates for dollar on Wednesday BID Rs 279.66 OFFER Rs 279.86 Open-market movement In the open market, the PKR gained 1 paisa for buying and remained unchanged for selling against USD, closing at 280.18 and 280.71, respectively. Against Euro, the PKR lost 13 paise for buying and 11 paise for selling, closing at 333.43 and 336.34, respectively. Against UAE Dirham, the PKR lost 5 paise for buying and 2 paise for selling, closing at 76.58 and 77.29, respectively. Against Saudi Riyal, the PKR remained unchanged for buying and gained 1 paisa for selling, closing at 74.81 and 75.37, respectively. Open-market rates for dollar on Wednesday BID Rs 280.18 OFFER Rs 280.71 [...]

Oil rises 2% on US–Iran tensions, improved demand

February 11, 2026 2:01

LONDON: Oil prices gained more than 2% on Wednesday, buoyed by potential supply risks should tensions between the U.S. and Iran escalate, while draws of crude from key stockpiles suggested stronger demand. Brent crude oil futures were up $1.52, or 2.2%, at $70.32 a barrel by 1320 GMT. U.S. West Texas Intermediate crude rose $1.50, or nearly 2.4%, to $65.46. “Ongoing tensions in the Middle East continue to support prices, although so far there has been no supply disruption,” said UBS oil analyst Giovanni Staunovo. U.S. President Donald Trump said on Tuesday he was considering sending a second aircraft carrier to the Middle East, even as Washington and Tehran prepare to resume negotiations aimed at averting a new conflict. “While rhetoric remains belligerent at times, there are no signs, at least for now, of escalation, and the U.S. President believes that Iran will ultimately want to strike a deal on its nuclear missile programme,” PVM Oil Associates analyst Tamas Varga said in a note. A slightly weaker dollar was helping prices higher as well. A stronger U.S. currency hurts demand for dollar-denominated crude from foreign buyers. Crude draws from the stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub and from Fujairah suggested a tight market, UBS’ Staunovo said, which was also supporting prices. In the wider market, OPEC left its supply-demand expectations for the oil market largely unchanged in its monthly report, but highlighted that global oil demand for the wider group’s crude will drop by 400,000 bpd in the second quarter compared to the first. Russian oil production edged down around 0.6% in January from December, per the report. Egypt has directed international oil companies to double production by 2030, with existing contracts due to be revised to spur new investment, Energean International’s country manager for Egypt told Reuters on Tuesday. Traders are also waiting for weekly U.S. oil inventory data from the Energy Information Administration on Wednesday. U.S. crude inventories rose by 13.4 million barrels in the week ended February 6, market sources said, citing American Petroleum Institute figures on Tuesday. [...]

India’s net direct tax collections rise 9.4% on year in April-Feb

February 11, 2026 1:56

NEW DELHI: India’s net direct tax collections rose 9.4% year-on-year to 19.4 trillion Indian rupees ($213.91 billion) as of February 10, the government said in a statement. The government collected 22.8 trillion Indian rupees in gross direct taxes during April 1 to February 10, about 4.1% higher than the same period a year earlier, according to a statement by the income tax department. India’s financial year runs from April to March. Direct tax collections primarily include corporate and income tax. The government issued refunds worth 3.3 trillion rupees during the period. [...]

Pakistan central bank chief expects broader recovery than IMF forecast

February 11, 2026 1:52

KARACHI: Pakistan’s central bank chief expects the economy to grow as much as 4.75% this fiscal year, pushing back against a recent downgrade by the International Monetary Fund. Governor Jameel Ahmad, in written responses to Reuters, argued the recovery is broader and more durable than headline export data suggest. The State Bank of Pakistan (SBP) raised its FY26 growth forecast to 3.75–4.75% at its January meeting, 0.5 percentage point higher than its previous range, despite a contraction in exports in the first half of the year and a widening trade deficit. The governor said differences in projections were not unusual and reflected timing issues, including the IMF’s incorporation of flood-related assessments in its latest outlook. “All these sources and indicators, along with FY26-Q1 data, point to a broad-based recovery in all three sectors of the economy,” he said. He added that the central bank believed that agricultural activity had remained resilient despite floods and “it is even performing better than its targets.” He added that financial conditions had eased significantly following a cumulative 1,150-basis-point cut in the policy rate since June 2024, and that the full impact was still feeding through. This, he said, was supporting growth while preserving price and economic stability. Also read: Jul-Jan FY26: Workers’ remittances post 11pc growth The central bank last month held its benchmark rate at 10.5%, defying expectations for a cut. The divergence with the IMF comes at a delicate moment for Pakistan, which is emerging from a balance-of-payments crisis under a $7 billion IMF programme. Export drag, remittance cushion Pakistan’s previous growth spurts have often led to currency pressure and a decline in foreign exchange reserves, making the sustainability of the current rebound a key question for investors. Ahmad said high-frequency indicators and 6% growth in large-scale manufacturing in July–November point to strengthening demand, while agriculture has remained resilient despite last year’s floods, he said. While exports declined in the first half of the fiscal year, Ahmad said the fall reflected low global prices and border disruptions rather than softer activity. He said the current account deficit should stay within 0–1% of GDP, as strong remittances offset the wider trade gap and lift reserves above programme targets, with further gains expected due to Eid festival-related inflows. “Additionally, if the government decided to tap global capital markets for any debt issuance, then that would be on the upside of our current assessment,” he said. Also read: IMF board to meet Dec 8 to approve disbursement of $1.2bn to Pakistan Pakistan plans to issue panda bonds, a yuan-denominated debt sold in China’s domestic market around the upcoming Lunar New Year, as part of efforts to diversify external financing and broaden its investor base. He said the central bank has been consistently purchasing dollars in the interbank market to strengthen foreign exchange buffers, with data published regularly. Also read: Pakistan economy to remain in stabilisation phase over next two years: SBP governor He said that while economic stability has improved, structural reforms remain key to sustaining stronger growth and improving productivity. [...]

Buying momentum at bourse, KSE-100 settles above 183,000

February 11, 2026 1:05

The Pakistan Stock Exchange (PSX) witnessed another volatile yet broadly positive trading session on Wednesday, with the benchmark KSE-100 Index closing with a gain of nearly 900 points. The session kicked off on a weak note, with the index dipping sharply in early trade before staging a strong rebound by mid-morning. Momentum accelerated, pushing the benchmark steadily higher as buying interest strengthened across key heavyweights, pushing the benchmark index to an intra-day high of 183,801.70. The index faced profit-taking pressure in the latter half of the trading session, leading to a gradual pullback, but a late recovery helped trim losses. At close, the KSE-100 Index settled at 183,049.80, an increase of 896.25 points or 0.49%. “Support from major heavyweights—ENGROH, LUCK, FABL, MCB, and BAFL—underpinned the market’s performance, jointly adding 920 points to the benchmark. In contrast, BAHL, PPL, and UBL weighed on the index, collectively trimming 311 points from the day’s gains, brokerage house Topline Securities said in its post-market report. Pakistan and Indonesia on Tuesday agreed to expedite efforts to transform their existing Preferential Trade Agreement (PTA) into a Comprehensive Economic Partnership Agreement (CEPA) by 2027, marking a significant step towards strengthening bilateral economic ties. On Tuesday, PSX closed marginally lower as sustained selling pressure offset select gains in fertiliser, keeping investor sentiment. The benchmark KSE-100 Index ended the session down by 186.83 points, or 0.10%, to close at 182,153.55 points. Internationally, bonds jumped, and a rebound in stock markets slowed down on Wednesday after softer-than-expected US retail sales figures, while a rally in the yen has extended and might be beginning to signal a shift in investor thinking since Japan’s election. Trade in Asia was lightened by a holiday in Japan, and markets in Hong Kong and China opened around flat. Gold rose back above $5,000 an ounce, and Treasury futures climbed a little, with the cash market closed. Benchmark 10-year U.S. Treasury yields fell nearly six basis points overnight and touched a one-month low of 4.14% after data showed a 0.1% dip in core US retail sales in December and downward revisions to November and October figures. Yields fall when bond prices rise. The S&P 500 closed 0.3% lower, as a recovery from last week’s heavy selling in software shares starts to lose momentum. Alphabet shares, which fell 1.8%, weighed on the market as the Google parent is in the midst of raising debt to fund an AI infrastructure spending spree. In Asia, S&P 500 futures were 0.2% higher, Nikkei futures rose, though the cash market was shut for a holiday, and earnings drove moves in the Australian market, which was up 1% around the middle of the day in Sydney. Meanwhile, the Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Wednesday. At close, the local currency settled at 279.66, a gain of Re0.01 against the greenback. Volume on the all-share index decreased to 734.67 million from 1,062.31 million recorded in the previous close. The value of shares declined to Rs35.39 billion from Rs37.88 billion in the previous session. K.Electric was the volume leader with 120.60 million shares, followed by Cnergyico PK with 81.78 million shares, and F. Nat.Equities with 51.95 million shares. Shares of 477 companies were traded on Wednesday, of which 208 registered an increase, 223 recorded a fall, and 46 remained unchanged. [...]

Indian jeweller Titan poised for double-digit Q4 profit rise, CFO says

February 11, 2026 12:34

India’s Titan expects double-digit percentage growth in profit for the ongoing quarter, the jeweller’s CFO said on Wednesday, as demand remains resilient amid firm gold prices. The Bengaluru-based firm, known for its Tanishq and CaratLane brands, has seen robust growth led by its mainstay jewellery segment as consumers in the world’s most-populous country splurge on gold even as prices skyrocket. Titan’s third-quarter profit jumped 61%, buoyed by higher selling prices for jewellery and strong demand during India’s traditional October-to-December festive season. “January has gone very well, almost continuing the momentum which is there,” Ashok Sonthalia said in an interview, adding that gold prices coming off should boost the number of buyers. India’s Titan logs quarterly sales surge on gold price rally, festive demand Spot gold prices fell nearly 15% over two days in January after U.S. President Donald Trump announced his choice for Fed chair. They are up 18% so far this year. Indians are piling on gold for investment as buyers assume it will yield good returns over five to six years, Sonthalia said commenting on demand being resilient despite the high prices. The growth in number of consumers has been flattish during the third-quarter, Sonthalia said, with revenue rise primarily driven by higher selling prices. The firm posted 42% revenue jump in the third quarter that ended on December 31. [...]

India bond yields fall tracking US Treasuries on soft economic data

February 11, 2026 12:30

MUMBAI: Indian government bond yields fell on Wednesday, mirroring U.S. Treasury yields, as investors bet that more soft U.S. economic data will raise the prospects of Federal Reserve rate cuts. The 10-year benchmark 6.48% 2035 bond yield ended at 6.7088%, down for the second session, after settling at 6.7246% on Tuesday. Bond yields rise when prices fall. U.S. nonfarm payroll (NFP) data for January is due after Indian market hours and is crucial to gauge the Fed’s interest rate trajectory. The 10-year U.S. Treasury yield dropped on Tuesday after a round of data suggested the economy may be softening. The 10-year yield was at 4.1348%, down 12 basis points from this week’s high. Weaker NFP data may nudge U.S. yields lower, with Indian yields likely to follow, traders said. Investors are also awaiting India’s inflation print, due Thursday, where the annual consumer inflation rate likely rose for a third consecutive month to 2.4% in January, per a Reuters poll. This will be the first month of the new 2024-based data series, and the first time since last August that inflation may slip back within the 2%-6% target band. The Reserve Bank of India raised its inflation projection for the current fiscal to 2.1% from 2.0% at its February meeting, but left the repo rate unchanged, reinforcing bets that the rate-cut cycle may be over. “If inflation (in India) undershoots projections, there is still scope for a 25-bp rate cut,” said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank. Overnight indexed swaps also signal that the rate-cut cycle is over, anchoring short-term rates, while longer-tenor rates are being lifted on expectations of firmer inflation and robust growth. Rates India’s OIS rates ended marginally higher. The one-year OIS rate and the two-year rate ended around 1 bp higher at 5.5225% and 5.67%, respectively. The five-year OIS rate ended at 6.14%. [...]

Sri Lankan shares notch marginal gains

February 11, 2026 12:26

Sri Lankan shares closed marginally higher on Wednesday, with gains in financial stocks while communication services stocks fell. The CSE All-Share index edged up by 0.02% to 23,655.68. On Tuesday, the index had settled 0.4% lower. Industrial Asphalts (Ceylon) Plc was the biggest gainer on the CSE All-Share index, rising 25%, while Millennium Housing Developers Plc was the biggest loser, with a 5.1% drop. Trading volume rose to 170.9 million shares from 158.2 million in the previous session. The equity market’s turnover dropped to 3.35 billion Sri Lankan rupees ($10.8 million), compared with 3.55 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers of shares worth 120.2 million rupees in the equity market, while domestic investors were net buyers of shares worth 3.29 billion rupees, data showed. [...]

PM Shehbaz orders review of NEPRA’s new power regulations

February 11, 2026 12:25

Prime Minister Shehbaz Sharif on Wednesday directed the Power Division to immediately file a review petition regarding the protection of contracts of existing solar consumers, to ensure that current agreements are safeguarded to the fullest extent possible. The development came during a high-level special meeting, chaired by PM Shehbaz Sharif, which was held in Islamabad today to review the issuance of new regulations by the National Electric Power Regulatory Authority (NEPRA), read a statement. PM Shehbaz further directed the Power Division to formulate a comprehensive strategy to ensure that the burden of 466,000 solar consumers does not fall on over 37.6 million consumers who rely on electricity from the national grid. The meeting was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Ministers Ahsan Khan Cheema, Ataullah Tarar, Ali Pervaiz Malik, Sardar Awais Khan Leghari, Minister of State Bilal Azhar Kayani, Adviser on Privatisation Muhammad Ali, and other senior officials. NEPRA on Monday issued a notification for the Prosumer Regulations, 2026, marking a transition from the existing net metering mechanism to a net billing framework. Under these regulations, a prosumer may be a homeowner with rooftop solar panels, a farmer operating a biogas plant, or an industrial facility running wind turbines. As long as the power generation facility is clean and has a capacity of up to one megawatt, it qualifies to participate in this new energy partnership. However, becoming a prosumer involves more than simply installing generation equipment. A defined approval process must be followed. Under this arrangement, if the prosumer consumes more electricity than they generate, consumption is billed at the applicable tariff. If generation exceeds consumption, the surplus electricity is purchased by the licensee at the national average energy purchase price. Billing adjustments are carried out monthly, and any surplus amount is credited to the next billing cycle or paid quarterly. The agreement between the prosumer and the licensee is valid for five years and may be renewed by mutual consent. Either party may terminate the agreement with proper notice and approval; however, all accrued rights and obligations remain enforceable. [...]

WTO chief urges members to discuss core MFN rule as reform debate grows

February 11, 2026 12:09

GENEVA: The head of the World Trade Organisation on Wednesday urged members to consider major reforms and hold discussions on its core Most Favoured Nation concept, as trade ructions threaten the global trade watchdog’s relevance. “The status quo is not enough,” Ngozi Okonjo-Iweala told reporters in Geneva. “One should never be afraid to engage on the issues of the day, including foundational principles, especially at a time when you’re trying to in a world of uncertainty and geopolitics, you should have a conversation,” she added in response to a question about MFN. “I believe ministers should have a conversation that looks at these key issues… Maybe then ministers will have a chance to reaffirm or not reaffirm, as the case may be,” she said. WTO members are considering a programme of reforms ahead of a ministerial conference in Cameroon in March, amid concerns that future global trade could be decided outside the 30-year-old watchdog unless it reforms itself quickly. Global commerce was rocked last year after U.S. President Donald Trump unleashed sweeping tariffs on global trade partners, and companies are having to struggle with a rapidly shifting landscape. The U.S. said in a position paper on WTO reforms in December that MFN - one of the organisation’s foundational principles -was no longer suitable in a modern trading system, and favours moving towards a system where members can apply differentiated, non-MFN, and reciprocal trade measures. In an opinion piece in the Financial Times in January, the European Union’s trade commissioner, Maros Sefcovic, also said members should question whether MFN remains fit for purpose. The MFN principle requires WTO members to treat others equally. The share of global trade conducted under MFN terms declined from about 80% to 72% since Trump imposed higher import tariffs on most trading partners, according to WTO data. Sefcovic said countries should be allowed to change their tariffs more easily when their economies are threatened, adding: “Access to lower tariffs cannot be unconditional: it must be earned through stronger, credible commitments to the core principles of free and fair trade.” [...]

Indian shares pause after three-day rally

February 11, 2026 11:32

BENGALURU: Indian benchmark indexes ended little changed on Wednesday after a three-session rising streak, while robust earnings propped up some key constituents. The Nifty 50 rose 0.07% to 25,953.85, while the BSE Sensex shed 0.05% to 84,233.64. Both benchmarks had risen nearly 1.2% in the last three sessions, driven by optimism surrounding the U.S.-India trade deal. The broader small-caps and mid-caps had gained about 2.6% and 2%. However, while the Nifty and the Sensex opened higher on the day, they gave up their gains by mid-day, turning flat. “Optimism around the interim India–U.S. trade framework and robust earnings is lending near-term support to domestic equities, but caution prevails as the Nifty nears the 26,000 mark, a level that has repeatedly acted as resistance,” said Aakash Shah, technical research analyst at Choice Equity Broking. “Given this setup, the market is likely to enter another phase of consolidation around current levels.” Twelve of the 16 major sectors logged gains on the day. The broader small-caps and mid-caps were little changed. The IT index lost 1.8% after U.S. retail sales data suggested the economy may be softening. IT companies earn a significant share of their revenue from the U.S. The index dropped 12.6% in 2025 and has lost about 7.4% so far in 2026 due to fears about artificial intelligence-driven disruption intensifying. “Routine work in Indian IT services, which accounts for roughly 30%-40% of overall application services workflow is likely to be replaced or significantly compressed,” said Vinay Menon, research analyst at Monarch Networth Capital. On the day, hospital chain Apollo Hospitals and automaker Eicher Motors jumped 4% and 6.5% respectively, after posting quarterly profit beats, with Eicher also powering the auto index 1.3% higher. State Bank of India climbed 3.4%, taking its post-earnings gains over three sessions to 11% and surpassing IT major Tata Consultancy Services in market capitalisation. [...]

Indonesia Stock Exchange to publish share owner list after ‘constructive’ meeting with MSCI

February 11, 2026 11:27

JAKARTA: The Indonesia Stock Exchange will publish a list of shareholder concentrations to ensure more market transparency, it said on Wednesday after its latest “constructive” meeting with index provider MSCI. The Wednesday meeting followed a week of turmoil on the Jakarta stock exchange after MSCI raised concerns about transparency and share ownership, causing a frantic sell-off that slashed the market’s value by $120 billion. The exchange plans to publish the list of shareholder concentrations by end of February or early March, its director Jeffrey Hendrik said. “As part of our commitment to improve market transparency and integrity, we will also publish a list of stocks identified as concentrated shareholders, as Hong Kong already does,” Jeffrey told reporters after the meeting. He said they discussed reform plans and the progress made in implementing new rules with MSCI, but said the specific details of the meeting were confidential, according to agreed norms. The reform plans include the identification of shareholders with stakes of at least 1%, down from the current 5% requirement, as well as doubling the free float requirement to 15% and the publishing of more granular share ownership data. “The timeline remains as previously addressed. The disclosure of shareholders holding more than 1% will be made at the end of February or early March,” Jeffrey said. He said the stock exchange would also submit similar reform plans to other index providers. [...]

Nickel jumps as top Indonesia mine gets lower output quota

February 11, 2026 11:16

Nickel rose for a fourth straight session on Wednesday after the world’s biggest nickel mine in Indonesia received a sharply reduced output quota for this year. Benchmark three-month nickel on the London Metal Exchange was up 2.1% to $17,860 per metric ton as of 1000 GMT. The metal used to make stainless steel and rechargeable batteries earlier jumped as much as 2.8% to $17,980, its highest since January 30. French miner Eramet on Wednesday said its PT Weda Bay Nickel venture with China’s Tsingshan and Indonesia’s PT Antam had received an initial production allowance of 12 million wet metric tons for 2026, down from 32 million wet tons for 2025. The venture will apply for an upward revision, it added. After a prolonged period of depressed prices, nickel has gained around 18.6% over the past three months and hit a more than three-year high on January 25 as Indonesia, the world’s biggest producer of nickel ore, vows to reduce supply. Nickel notches 14-month high after Vale Indonesia halts mining “It’s clear that Indonesia is realising its pricing power,” said WisdomTree commodity strategist Nitesh Shah, noting that the roughly 60% of global nickel production the Southeast Asian country controls made it “more powerful than OPEC” in oil. “It has recognised that it doesn’t need to overproduce to make decent revenue,” Shah added. Even so, the International Nickel Study Group has forecast a 261,000 ton surplus this year, and the LME Futures Banding Report showed one entity has a short position on the February nickel contract accounting for 20%-29% of open interest. Other base metals also gained ground as the dollar softened, making greenback-priced commodities more affordable for investors using other currencies. Copper was up 1.2% to $13,266.50 a ton as top consumer China prepares to shut down for the Lunar New Year holiday. Aluminium gained 1.1% to $3,127.50 a ton, zinc added 1.4% to $3,442.50 a ton, lead edged up 0.6% to $1,985 a ton and tin jumped 2.8% to $50,700 a ton. [...]

Palm ends lower after views and forecasts from the Price Outlook Conference

February 11, 2026 11:12

JAKARTA: Malaysian palm oil futures erased earlier gains and closed lower on Wednesday, their second consecutive session of losses, after several views and forecasts were shared at the Price Outlook Conference (POC) in Kuala Lumpur. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 35 ringgit, or 0.85%, to 4,060 ringgit ($1,037.83) a metric ton at the close. Dalian’s most-active soyoil contract was down 0.05%, while its palm oil contract fell 0.69%. Soyoil prices on the Chicago Board of Trade lost 0.54%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Malaysian palm oil futures are expected to trade range bound between 3,800 and 4,300 ringgit ($968-$1,096) per metric ton from now until July 2026, barring any new weather-related factors, with supplies ample and demand weak, industry analyst Dorab Mistry said at the POC. Indonesian crude palm oil output is expected to grow by 2-3% this year, after rising 8% to 51.98 million metric tons in 2025, the Indonesian palm oil producers association GAPKI said. Palm oil purchases from top buyers India and China are expected to pick up from January to April this year, with stocks set to decline over the period, analyst Thomas Mielke said at the POC. Palm oil output is expected to grow at a slower pace in 2026, with production rising by 600,000 tons in Indonesia and falling to 19.7 million tons in Malaysia, Julian McGill, managing director of advisory firm Glenauk Economics, said. Data showed that Malaysia’s palm oil stocks in January fell 7.72%, the first time in 11 months, driven by a surge in exports despite production sliding to a 10-month low. According to independent inspection company AmSpec Agri, exports of Malaysian palm oil products between February 1 and 10 fell 14.3% undefined compared to the January 1 and 10 period, while cargo surveyor Intertek Testing Services reported a 10.5% decline. [...]

South Africa beat Afghanistan in double super over thriller at T20 World Cup

February 11, 2026 9:57

AHMEDABAD: South Africa beat Afghanistan in a double super over thriller at the 2026 T20 World Cup after the group match ended in a tie in Ahmedabad on Wednesday. Afghanistan posted 187 all out in their chase after South Africa scored 187-6. The teams were tied again after a breathless first super over before South Africa won off the final ball of a heart-thumping second sudden-death showdown. [...]

Australia’s Marsh ruled out of T20 World Cup opener with groin injury

February 11, 2026 9:51

Australia captain Mitchell Marsh will miss the opening game of their Twenty20 World Cup campaign against Ireland on Wednesday with a groin injury, Cricket Australia (CA) said. Steve Smith will now join the squad in Sri Lanka as cover, with fellow batsman Travis Head captaining the side at Colombo’s R Premadasa Stadium and Matthew Renshaw coming into the team. Marsh sustained a direct blow to the groin during training earlier this week and is experiencing pain and discomfort which is restricting his movement, the board added. “Scans have confirmed internal testicular bleeding, and he will require a period of rest and rehabilitation. His return to play will be guided by symptom resolution and medical advice,” CA said in a statement. Head said at the toss later that Marsh was unlucky to miss out and appeared to play down the seriousness of the injury. He did not give a timeline for his teammate’s return. Australia’s Hazlewood unlikely to be fit for half of World Cup, Cummins says “Unfortunately Mitchie Marsh has copped a blow at training a couple of days ago and no one has been willing to massage it out for him,” Head joked after winning the toss and opting to bat. “He’s the unfortunate one but the rest (of the side) is the same. It’s nice to have a couple of boys back from the Pakistan series. Strong team and we’re looking forward to going well.” Australia are also without fast bowler Pat Cummins, who was ruled out of the event after failing to recover from a niggling back injury. Fellow seamer Josh Hazlewood lost a race to be fit after Achilles and hamstring injuries. Mitchell Starc has quit the format, leaving them without their top quick bowlers. The big-hitting Tim David was also ruled out of the first game as he returns from a hamstring strain. [...]

Iran ready for inspections to prove nuclear programme peaceful: president

February 11, 2026 9:31

TEHRAN: Iranian President Masoud Pezeshkian said Wednesday that his country is ready for “any verification” of its nuclear programme and insisted Tehran is not seeking an atomic weapon. Iran’s FM critcises Israel after nuclear talks with US “We are not seeking to acquire nuclear weapons. We have stated this repeatedly and are ready for any verification,” he said on the 47th anniversary of Iran’s Islamic revolution, which is being marked against the backdrop of military threats from the United States. [...]

PM orders review of NEPRA’s new power regulations

February 11, 2026 9:23

Pakistan central bank chief expects broader recovery than IMF forecast

February 11, 2026 8:30

Gold per tola gains Rs2,300 in Pakistan

February 11, 2026 7:42

Gold prices in Pakistan increased on Wednesday in line with their gain in the international market. In the local market, gold price per tola reached Rs582,562 after a gain of Rs2,300 during the day. Similarly, 10-gram gold was sold at Rs453,156 after it increased by Rs1,972, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola reached Rs526,262 after a gain of Rs1,500 during the day.The international rate of gold was up by $23 to reach $5,058 per ounce (with a premium of $20). Meanwhile, the price of silver increased by Rs120 to reach Rs8,735 per tola. [...]

Beco Steel commences installation of 5MW solar power plant

February 11, 2026 7:38

Beco Steel Limited said on Wednesday it had commenced the installation of a 5-megawatt solar power plant, which is projected to generate an average of 600,000 Kwh of electricity per month. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) today. “We are pleased to disclose the following material information: In continuation of our earlier disclosure regarding the Company’s expansion plan, including installation of a solar power plant as part of the project, the Company is pleased to inform that the construction and execution of the project has started,” the company shared. Last year, the steelmaker had signed an agreement with a renewable energy solutions provider to install a 2-megawatt (MW) solar power generation system at its Badami Bagh, Lahore plant. Beco said that the system will be installed at its plant premises located in Badami Bagh, Lahore. “The total capital expenditure for this project is estimated at approximately Rs121 million,” it said. The company shared that this “strategic investment” in green energy is projected to generate annual savings of approximately Rs129.65 million on the company’s energy costs. Meanwhile, in its notice to the bourse on Wednesday, Beco said that the contract for solar panel installation was awarded, and necessary steps for the project’s procurement and arrangements were currently underway. READ MORE: Pakistan’s Beco Steel to diversify into steel rebar production, plans 5MW solar plant “The company has applied for the requisite sanctioned load from the Lahore Electric Supply Company (LESCO). The solar panels installation and the enhancement of the sanctioned load are anticipated to be completed within approximately four months,” the listed company shared. “This is expected to yield estimated cost savings of approximately Rs16.8 million per month, or Rs201 million on an annualised basis.” There has been a growing shift towards alternative energy sources in Pakistan, especially solar, which has become increasingly popular among residential and commercial sectors. Several projects have been initiated, and dozens of companies have installed solar power systems to exploit this relatively cheaper energy source. [...]

Cilic says 600th tour-level win shows his dedication to the sport

February 11, 2026 7:30

Former US Open champion Marin Cilic said that joining an elite club of players with at least 600 match wins on the ATP Tour was proof of his dedication to the sport after battling through several injury-ravaged seasons. The 37-year-old, who has had two knee surgeries since 2023, downed American Learner Tien 7-5 7-6(4) at the Dallas Open on Tuesday to reach the milestone, putting him second behind Novak Djokovic (1,168 wins) among active players. “It’s been so difficult these last couple of years, I was battling through many things,” said Cilic, who also went past Croatian compatriot Goran Ivanisevic’s career tally of 599 tour-level victories. “Just to get to this level, playing this well against guys like Learner, who’s an incredible player and can have a fantastic career, is just a joy. Taylor Fritz struggles to win Dallas opener “To get this milestone speaks volumes about my dedication to tennis, living in this sport for so many years. It’s given me so much joy and I love it. It’s fun to be out here still competing and I can’t be happier.” Cilic, who claimed his only Grand Slam trophy at Flushing Meadows in 2014, tore the lateral meniscus on his right knee in 2023 and underwent surgery. That was followed by another in 2024 following difficulties in his recovery. The former world number three bounced back on the biggest stage by reaching the fourth round of Wimbledon last year and the third round of the Australian Open last month. Cilic will face another American in Dallas with either Trevor Svajda or Ethan Quinn up next. [...]

Taylor Fritz struggles to win Dallas opener

February 11, 2026 7:27

Top-seeded Taylor Fritz fought off a stiff test from U.S. countryman Marcos Giron to earn a 6-4, 5-7, 7-6 (1) win in the first round of the Nexo Dallas Open on Tuesday. Fritz posted a 21-9 edge in aces and won 81% of his first-serve points. However, he managed to break Giron’s serve in just two of his 10 opportunities. Second-seeded Ben Shelton of the United States bested Canada’s Gabriel Diallo 6-4, 6-4, but two other seeded players fell. Great Britain’s Jack Pinnington Jones trounced fourth-seeded Flavio Cobolli of Italy 6-2, 6-2, and Croatia’s Marin Cilic edged sixth-seeded Learner Tien of the U.S. 7-5, 7-6 (4). It was the 600th career ATP Tour win for Cilic, 37, who joined Serbia’s Novak Djokovic (1,168) as the only active players to reach that milestone. He also passed Goran Ivanisevic’s total of 599 wins to top the all-time list among Croatians. Other winners were Aleksandar Kovacevic and Alex Michelsen of the United States and Miomir Kecmanovic of Serbia. In the last match of the night, defending champion Denis Shapovalov of Canada, the seventh seed, blitzed Spanish qualifier Rafael Jodar 6-1, 6-2. ABN Amro Open Serbia’s Hamad Medjedovic, a lucky loser from qualifying, took advantage of his late entry into the event at Rotterdam, Netherlands, and defeated Belgium’s Zizou Bergs 7-6 (5), 7-6 (5) in the first round. Medjedovic, who entered the draw when Hungary’s Fabian Marozsan withdrew, trailed 5-2 in the first set and fought off a set point in the next game before capturing the tiebreaker. The players exchanged service breaks in the 11th and 12th games of the second set, and Medjedovic again came through in a tiebreaker. Top-seeded Alex de Minaur of Australia downed France’s Arthur Fils 7-6 (3), 6-2, and the Netherlands’ Tallon Griekspoor beat France’s Giovanni Mpetshi Perricard 6-4, 6-4. France’s Quentin Halys and Germany’s Jan-Lennard Struff also advanced. IEB+ Argentina Open Argentina’s Juan Manuel Cerundolo pulled off a first-round upset in his home land, defeating fifth-seeded Daniel Altmaier of Germany 6-2, 6-2 in Buenos Aires. Altmaier struggled with his serve, putting just 69% of his first serves in play and winning only 35% of his second serves. He also committed 30 unforced errors to Cerundolo’s nine. Sixth-seeded Camilo Ugo Carabelli won an all-Argentine matchup against Francisco Comesana 6-4, 7-6 (3), and eighth-seeded Matteo Berrettini of Italy ousted Argentina’s Federico Coria 7-5, 7-5. Also moving on were the Czech Republic’s Tomas Barrios Vera, Argentina’s Roman Andres Burruchaga and Peru’s Ignacio Buse. [...]

TotalEnergies posts 13% drop in fourth-quarter profit on lower oil, gas prices

February 11, 2026 7:23

Heineken to cut up to 6,000 jobs as beer demand falters

February 11, 2026 7:22

US moves to counter China in Bangladesh, plans to pitch defence alternatives

February 11, 2026 7:16

DHAKA: The United States is concerned about China’s expanding presence in South Asia and is planning to offer Bangladesh’s next government US and allied defence systems as alternatives to Chinese hardware, Washington’s ambassador to Dhaka told Reuters. Bangladesh votes in a general election on Thursday after a Gen Z-led uprising toppled India-allied premier Sheikh Hasina in August 2024. She has since taken refuge in New Delhi, allowing China to deepen its influence in Bangladesh as India’s presence wanes. China recently signed a defence agreement with Bangladesh to build a drone factory near the India border, worrying foreign diplomats. Bangladesh is also in talks with Pakistan to buy JF-17 Thunder fighter jets, a multi-role combat aircraft jointly developed with China. “The United States is concerned about growing Chinese influence in South Asia and is committed to working closely with the Bangladeshi government to clearly communicate the risks of certain types of engagement with China,” US Ambassador Brent T. Christensen said in an interview on Tuesday. “The US offers a range of options to help Bangladesh meet its military capability needs, including US systems and those from allied partners, to provide alternatives to Chinese systems,” he said without offering further details. The Chinese foreign ministry did not immediately respond to a request for comment. Christensen also said that President Donald Trump’s administration would “like to see a good relationship between Bangladesh and India to support stability in the region”. New Delhi-Dhaka relations have nosedived since Hasina fled, badly affecting visa services and cricket ties between the two neighbours. Commercial diplomacy is priority Christensen said many US businesses were looking at potentially investing in Bangladesh but would want the next government to show early and clear signs that it is “open for business”. “Commercial diplomacy is one of our top priorities, and we look forward to working with the new government to build on progress made with the interim government, particularly in strengthening commercial, economic, and security ties,” he said. Energy producer Chevron has been in Bangladesh for decades but not many other US companies are visible in the densely populated country of 175 million people, as high taxes and difficulties repatriating profits have created some hurdles. There are no Starbucks or McDonald’s outlets in Bangladesh. The envoy said Washington would work with “whichever government is elected by the Bangladeshi people”. The race is between two coalitions led by former allies, the Bangladesh Nationalist Party (BNP) and the Islamist Jamaat-e-Islami, with opinion polls suggesting the BNP holds an advantage. Aid for Rohingya refugees Regarding the 1.2 million Rohingya refugees sheltered in Bangladesh, the ambassador said the United States remained the largest contributor to humanitarian operations. “The US remains the largest contributor to the Rohingya refugee response and continues robust health programming in Bangladesh,” he said, noting a recent $2 billion worldwide funding framework signed with the United Nations to improve the effectiveness of such assistance, including in Bangladesh. He urged other international donors to take on a greater share of the burden. “The US cannot sustain the bulk of the effort alone. International partners need to increase their support for the Rohingya response,” he said. In recent years, the UN refugee agency has been struggling to raise sufficient funds to support the Rohingya community, leading to cuts in their rations and the closure of some schools for them. ‑Reuters [...]

APTMA warns of export threat, urges govt to seek preferential US market access

February 11, 2026 7:14

Canada PM suspends Europe trip after fatal mass shooting

February 11, 2026 7:04

TORONTO: Canada’s Prime Minister Mark Carney is suspending his planned trip to the Munich Security Conference following Tuesday’s mass shooting in a remote western community, his office said. “Following the tragic news out of Tumbler Ridge, British Columbia, the Prime Minister will be… suspending his planned travel out of the country for the time being,” the prime minister’s office told AFP. Carney had previously announced plans to be in Munich from Wednesday to Sunday. Ten dead after a shooting in Canadian province of British Columbia, police say Nine people were killed in the British Columbia shooting, including seven who were shot at a school. [...]

Glitzy Oscar nominees luncheon back one year after LA fires

February 11, 2026 7:01

BEVERLY HILLS: Hollywood stars embraced and champagne corks popped at this year’s Oscars nominee lunch, the glamorous pre-show gathering that was canceled amid last year’s devastating Los Angeles wildfires. Timothee Chalamet, nominated for best actor in “Marty Supreme,” flashed a smile while fellow Best Actor contenders Micahel B. Jordan and Ethan Hawke also flitted around the annual luncheon in Beverly Hills. Mexican director Guillermo del Toro chatted with his tablemates as Wagner Moura, the Brazilian star of “The Secret Agent,” enthusiastically embraced Stellan Skarsgard and Oliver Laxe – the latter of whom has his film “Sirat” up for best international feature film. Academy of Motion Picture Arts and Sciences President Lynette Howell Taylor praised the diversity of this year’s nominees. “Ballots were cast from 88 countries and regions,” the British producer said, adding that “the mission of the Academy is to amplify your art, movies and your voices.” The more than 200 nominees enjoyed a buzzy afternoon, all the more energetic after last year’s lunch was canceled as huge fires razed whole communities around Los Angeles. That year the lunch was replaced with a smaller dinner at the Academy’s museum. “This is a recognition of Brazilian cinema, and of the cinema of our region,” Moura told AFP. Nearby, “The Secret Agent” director Kleber Mendonca Filho joked he was feeling animated – “like a generator.” Skarsgard said that the impact of international films is growing, as evidenced by his historic nomination for Best Supporting Actor for Norwegian film “Sentimental Value.” Foreign films and their stars typically notch nominations in the international categories, but Skarsgard is competing against nominees from US blockbusters, including Benicio del Toro in “One Battle After Another” and Delroy Lindo in “Sinners.” Benicio del Toro meanwhile told AFP he was doubly thrilled after watching fellow Puerto Rican Bad Bunny perform at the Super Bowl halftime show over the weekend. “I got goosebumps,” he told AFP, adding: “It was beautiful.” The luncheon’s other legendary del Toro, the director Guillermo, meanwhile said he was “calm.” While his “Frankenstein” is nominated for Best Picture, del Toro himself is off the hook for Best Director, which he said took the pressure off him and meant he could focus on promoting his team. “I’m happy because nine nominations don’t happen every day,” he said. Lanky heartthrob Jacob Elordi, up for best supporting actor, offered a similarly toned down vibe at an impromptu photo shoot. “I’m chilling,” he said. “It’s all good.” [...]

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

November 21, 2025 1:33

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

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

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

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

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

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

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

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

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

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 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

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'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

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

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... [...]

FAA shuts down El Paso Airport, flights suspended for 10 days: Here's why

February 11, 2026 9:24

FAA shuts down El Paso Airport, flights suspended for 10 days: Here’s why The Federal Aviation Administration has halted all flights from El Paso International Airport in Texas for 10 days. According to aviation authorities, the airspace would be closed over El Paso and a large swathe... [...]

Teacher abused children worldwide for 55 years, kept USB log of assaults

February 11, 2026 9:08

Teacher abused children worldwide for 55 years, kept USB log of assaultsA globe-trotting teacher allegedly abused children across three continents for over 55 years and kept a USB drive documenting the attacks, French prosecutors say.Jacques Leveugle, 79, has been charged with the aggravated rape... [...]

Savannah Guthrie expresses fresh hope as person detained for questioning over kidnapping of Nancy

February 11, 2026 8:55

Savannah reposted the images and video on her Instagram handleUS TV host Savannah Guthrie has expressed fresh hope as a person has been detained for questioning over kidnapping of her mother Nancy.According to reports, authorities have detained a person for questioning over the kidnapping of the... [...]

Tumbler Ridge school shooting among Canada's deadliest â€” Here's where it ranks

February 11, 2026 7:09

Tumbler Ridge school shooting among Canada’s deadliest — Here’s where it ranksCanada is grappling with one of the deadliest mass shooting casualty events in recent history as ten people including the suspected attacker are dead, as reported by the police authorities. As reported... [...]

Suspect detained as authorities probe Nancy Guthrie's abduction

February 11, 2026 6:33

Suspect detained as authorities probe Nancy Guthrie’s abductionAuthorities reached a turning point in the investigation into the Nancy Guthrie disappearance that occurred on January 31. Police are searching the Arizona home of a person who has been detained in connection with the incident.... [...]

Tumbler Ridge tragedy: Nine killed, 25 injured after school shooting in British Columbia

February 11, 2026 6:19

Tumbler Ridge tragedy: Nine killed, 25 injured after school shooting in British ColumbiaA devastating shooting occurred at Tumbler Ridge Secondary School in north-eastern British Columbia, Canada. Reports indicate that at least nine are dead, including the suspected shooter. Another two people... [...]

Who owns the Ambassador Bridge? New report links owner Matthew Moroun to Trump's threat

February 11, 2026 3:23

Questions around who owns the Ambassador Bridge and its influence on cross border politics are resurfacing after a new report links the bridge’s billionaire owner to events preceding US President Donald Trump’s threat to block the opening of the Gordie Howe International... [...]

ICE detention center plan sparks controversy in Maryland as lawmakers push back

February 11, 2026 2:58

A proposed US Immigration and Customs Enforcement detention centre in Washington County, Maryland is drawing criticism from local lawmakers as the agency moves forward with plans to open a large immigration facility near Hagerstown.According to CBS News, ICE has purchased a warehouse that is... [...]

Blood pressure medication recalled after wrong tablets found in bottles

February 11, 2026 2:39

A blood pressure medication recalled alert is now in effect nationwide after Health Canada warns that some bottles of MAR-Amlodipine 5 mg tablets may contain the wrong drug.Health Canada says two specific lots are affected after manufacturer Marcan Pharmaceuticals Inc. mistakenly packaged... [...]

Wind chill returns with brutal cold as polar vortex stalls over Canada

February 11, 2026 2:01

Extreme wind chill conditions are gripping parts of Northern Canada as Arctic air pushes temperatures to dangerous lows, while southern regions experience milder weather.According to the Weather Network, environment officials say temperatures in Thompson River, NWT drop to −51.7 C,... [...]

Costco $20 rule explained as employee pay climbs across North America

February 11, 2026 1:40

The Costco $20 rule is changing again as the retailer moves ahead with a new pay increase that raises its minimum hourly wage to $21 starting next month.Costco workers who already earn $20 an hour are set to receive a $1 raise under an employee agreement that first took effect last year. That deal... [...]

Tumbler Ridge school lockdown underway as RCMP investigate school shooting

February 11, 2026 1:20

Police are responding to an ongoing emergency in Tumbler Ridge, in British Columbia, Canada, after RCMP confirmed an active shooter incident at a local high school Tuesday afternoon.In a news release, Tumbler Ridge RCMP said: “As of 1:20 p.m., the Tumbler Ridge RCMP are currently on scene of... [...]

Jaafar Jackson breaks silence on becoming Michael Jackson

February 10, 2026 9:05

Jaafar Jackson breaks silence on becoming Michael JacksonJaafar Jackson is opening up about how he prepared himself to portray his late popstar uncle Michael Jackson in his biopic, Michael.On February 10, a behind-the-scenes look from the set of the film was released, featuring Jaafar's... [...]

Fugitive crypto scammer jailed for 20 years in $73m global fraud

February 10, 2026 6:39

Fugitive crypto scammer jailed for 20 years in $73m global fraudA fugitive has been sentenced to 20 years in prison over a crypto currency scam that stole more than $73 million from victims.Daren Li, described by US authorities as the central organiser of the scheme, was convicted and sentenced by... [...]

Horrifying pictures of the kidnapper of Savannah Guthrie's mother released

February 10, 2026 6:35

TV news host Savannah Guthrie on Tuesday released pictures of the suspected kidnapper of her mother Savannah Guthrie, expressing hope Nancy Guthrie, 84, is still alive.Taking to Instagram, Savannah shared at least four photos taken by security camers with the caption, "We believe she is still... [...]

اپوزیشن لیڈر نے پاک فوج پر الزامات لگانے کی کوشش کی: خواجہ آصف

February 11, 2026 7:02

وزیرِ دفاع خواجہ آصف---فائل فوٹووزیرِ دفاع خواجہ آصف نے کہا ہے کہ اپوزیشن لیڈر نے پاک فوج پر الزامات لگانے کی کوشش کی ہے، پاک فوج اپنے... [...]

پاکستان میں یکم رمضان المبارک کس دن ہو گی؟

February 11, 2026 7:02

— فائل فوٹوملک میں رمضان المبارک 1447ھ کے چاند کی پیدائش 17 فروری کو شام 5 بج کر 1 منٹ پر ہو گی۔محکمۂ موسمیات کے مطابق 18 فروری کو رمضان... [...]

بلوچستان: انتہائی مطلوب دہشت گردوں کی فہرست جاری

February 11, 2026 7:02

---فائل فوٹوحکومت بلوچستان نے 39 انتہائی مطلوب دہشت گردوں کی فہرست جاری کر دی۔انتہائی مطلوب دہشت گردوں کی فہرست میں حیر بیار مری،... [...]

عالمی جریدے کی پاک افغان سرحد کی بندش پر پاکستانی مؤقف کی تائید

February 11, 2026 6:02

----فائل فوٹوعالمی جریدے یوریشیا ریویو نے پاک افغان سرحد کی بندش کے معاملے پر پاکستان کے مؤقف کی تائید کر دی۔رپورٹ کے مطابق افغانستان... [...]

مضبوط مؤقف اور ٹھوس انداز سے منفی بیانیہ رد کرنا ہے: مریم نواز

February 11, 2026 6:02

مریم نواز---فائل فوٹووزیرِ اعلیٰ پنجاب مریم نواز نے کہا ہے کہ وقت آ گیا ہے کہ سیاہ کو سیاہ اور سفید کو سفید کہا جائے، مضبوط مؤقف اور... [...]

سردار اختر مینگل کا قومی اسمبلی کی رکنیت سے استعفیٰ منظور

February 11, 2026 6:02

سردار اختر مینگل کا قومی اسمبلی کی رکنیت سے استعفیٰ منظور کر لیا گیا۔ذرائع کے مطابق اسپیکر قومی اسمبلی نے بی این پی کے سربراہ... [...]

گوادر: ساڑھے 18 ارب روپے سے زائد کی چرس پکڑی گئی، 2 اسمگلرز گرفتار

February 11, 2026 6:02

—فائل فوٹواینٹی نارکوٹکس فورس نے گوادر میں کارروائی کر کے 1.2 ٹن منشیات برآمد کر کے 2 اسمگلرز کو گرفتار کر لیا۔ذرائع کے مطابق پنجگور... [...]

بنوں: پولیس چوکی پر رات گئے دہشتگردوں کا حملہ

February 11, 2026 3:02

—فائل فوٹوبنوں کے علاقے فتح خیل پولیس چوکی پر رات گئے دہشت گردوں کی جانب سے حملہ کیا گیا۔اس حوالے سے ڈی پی او یاسر آفریدی کا کہنا ہے... [...]

کراچی، واٹر ٹینکر کی ٹکر سے موٹرسائیکل سوار 2 افراد زخمی

February 11, 2026 2:02

فائل فوٹوکراچی کے علاقے ملیر 15 کے قریب واٹر ٹینکر کی ٹکر سے موٹرسائیکل سوار 2 افراد زخمی ہوگئے۔پولیس کے مطابق ڈرائیور واٹر ٹینکر چھوڑ... [...]

رمضان سے قبل بلوچستان میں آٹا مہنگا

February 11, 2026 1:02

رمضان المبارک سے قبل بلوچستان میں آٹے کی قیمتوں میں ہوشربا اضافہ، ایک کلو آٹا 150 روپے تک پہنچ گیا۔ فلور ملز مالکان کے مطابق نئی گندم... [...]

کراچی، خواجہ سراؤں سے جھگڑے میں فائرنگ کرنے والے 2 اہلکار گرفتار

February 10, 2026 8:02

فائل فوٹوکراچی کے علاقے الفلاح میں خواجہ سراؤں سے جھگڑے کے دوران فائرنگ کرنے والے دونوں پولیس اہلکاروں کو گرفتار کرلیا... [...]

حنیف عباسی نے جعفر ایکسپریس دوبارہ چلنے کی خوشخبری سنادی

February 10, 2026 6:02

فائل فوٹووفاقی وزیر ریلوے حنیف عباسی نے جعفر ایکسپریس دوبارہ چلنے کی خوشخبری سنادی ہے۔جیو نیوز کے پروگرام کیپٹل ٹاک میں گفتگو کے... [...]

وزیراعلیٰ سہیل آفریدی نے اپیکس کمیٹی کے فیصلوں کی حمایت کی، امیر حیدر ہوتی

February 10, 2026 6:02

فائل فوٹوعوامی نیشنل پارٹی کے سینئر رہنما امیر حیدر خان ہوتی نے کہا ہے کہ وزیراعلیٰ سہیل آفریدی نے اپیکس کمیٹی میں اُن فیصلوں کی... [...]

کوشش کریں گے کہ ملک مزید بحرانوں کا شکار نہ ہو، سینیٹر علامہ ناصر عباس

February 10, 2026 6:02

پارلیمنٹ کے ایوان بالا میں اپوزیشن لیڈر سینیٹر علامہ راجا ناصر عباس نے کہا ہے کہ ہم کوشش کریں گے ملک مزید بحرانوں کا شکار نہ ہو۔جیو... [...]

لاہور: ڈمپنگ سائٹ سے ملنے والی ماں بیٹے کی لاشوں کی شناخت ہوگئی

February 10, 2026 5:02

علامتی تصویرلاہور میں ڈمپنگ سائٹ سے ملنے والی ماں اور بیٹے کی لاشوں کی شناخت کرلی گئی، پولیس نے مقدمہ درج کرکے قانونی کارروائی کا... [...]

دورۂ سعودی عرب، پرنس ولیم ایپسٹین و اینڈریو معاملے پر سوال نظرانداز کر گئے

February 11, 2026 8:02

برطانوی شہزادہ ولیم---فائل فوٹو برطانوی ولی عہد پرنس ولیم نے سعودی عرب کے دارالحکومت ریاض میں ایک عوامی تقریب کے دوران اپنے چچا پرنس... [...]

کولمبین صدر گستاوو پیٹرو قاتلانہ حملے میں بال بال بچ گئے

February 11, 2026 8:02

— فائل فوٹو کولمبیا کے صدر گستاوو پیٹرو نے انکشاف کیا ہے کہ ان پر قاتلانہ حملے کی کوشش کی گئی ہے۔بین الاقوامی میڈیا کی رپورٹ کے مطابق... [...]

ٹرمپ سے متعلق بحث، باپ نے بیٹی کو گولی مار کر قتل کر دیا

February 11, 2026 7:02

— تصویر بشکریہ سوشل میڈیاامریکی ریاست ٹیکساس میں برطانوی شہری لوسی ہیریسن کو اس کے والد کرس ہیریسن نے گولی مار کر قتل کر دیا۔غیر... [...]

سنگاپور: ریسٹورنٹ کی غلطی سے 3 سالہ بچی کی زبان جھلس گئی

February 11, 2026 7:02

— تصویر بشکریہ غیر ملکی میڈیاسنگاپور کے سابق فٹ بالر رضوان محمد کی 3 سالہ بیٹی کی زبان نجی ریسٹورنٹ کے عملے کی غلطی کے سبب جھلس... [...]

بھارت: شہر میں پڑھائی کی خواہشمند لڑکی کا اپنے اغواء کا رچایا گیا ڈرامہ بے نقاب

February 11, 2026 6:02

—فوٹو بشکریہ بھارتی میڈیا بھارتی ریاست کرناٹک میں ایک کم عمر کالج کی طالبہ کا اپنے ہی اغواء کا رچایا گیا ڈرامہ بے نقاب ہو گیا، پولیس... [...]

بھارت: مسلمانوں و مسیحیوں پر تشدد، عبادت گاہوں پر حملے معمول بن گئے

February 11, 2026 6:02

—فائل فوٹوزانتہا پسند مودی کے بھارت میں مسلمانوں اور مسیحیوں پر تشدد اور عبادت گاہوں پر حملے معمول بن چکے ہیں۔امریکی کمیشن برائے... [...]

فرانسیسی شخص نے 9 ممالک کے 89 بچوں کو زیادتی کا نشانہ بنایا، تہلکا خیز انکشافات

February 11, 2026 5:02

—فوٹو بشکریہ برطانوی میڈیا فرانس کے جیک لیوگل نامی ایک ٹیچر نے 5 دہائیوں کے دوران 9 مختلف ممالک کے 89 بچوں کو زیادتی کا نشانہ... [...]

ایران معاہدہ نہیں کرے گا تو بے وقوف ہو گا: امریکی صدر ٹرمپ

February 11, 2026 5:02

امریکی صدر ڈونلڈ ٹرمپ—فائل فوٹوامریکی صدر ڈونلڈ ٹرمپ نے کہا ہے کہ ایران جوہری اور بیلسٹک میزائل پروگرام پر امریکا سے معاہدہ کرنا... [...]

سخت نتائج کی دھمکی: ٹرمپ کا ایران کیخلاف فوجی کارروائی کا عندیہ

February 11, 2026 5:02

فوٹو بشکریہ بین الاقوامی میڈیا امریکی صدر ڈونلڈ ٹرمپ نے ایران کو خبردار کیا ہے کہ اگر تہران نے امریکا کے مطالبات تسلیم نہ کیے تو اسے... [...]

کینیڈا: اسکول و گھر میں خاتون کی فائرنگ، 10 افراد ہلاک

February 11, 2026 3:02

کینیڈا کے صوبے برٹش کولمبیا میں فائرنگ سے 10 افراد ہلاک ہو گئے، حملہ آور ممکنہ طور پر خاتون تھی۔غیر ملکی میڈیا کے مطابق فائرنگ کا... [...]

بھارت: میاں بیوی نے 3 کمسن بچوں کو قتل کر کے خودکشی کر لی

February 11, 2026 3:02

—فوٹوز بشکریہ بھارتی میڈیا بھارتی ریاست اتر پردیش کے ایک گاؤں میں ایک ہی خاندان کے 5 افراد گھر سے مردہ حالت میں برآمد ہوئے ہیں، مرنے... [...]

امریکا کا ایرانی تیل بردار جہازوں کو قبضے میں لینے پر غور

February 10, 2026 10:02

فائل فوٹوامریکی حکام نے ایرانی تیل بردار جہازوں کو قبضے میں لینے پر غور شروع کردیا۔امریکی عہدیدار کے مطابق ایران پر دباؤ بڑھانے کے... [...]

ٹرمپ کے دوبارہ اقتدار میں ایک کرپٹو کمپنی بلندی پر

February 10, 2026 8:02

امریکی صدر ڈونلڈ ٹرمپ کے دوبارہ اقتدار میں آنے کے بعد اُن کے خاندان سے وابستہ ایک کرپٹو کرنسی کمپنی نے محض 16 ماہ میں اربوں ڈالر کی... [...]

غزہ پر خطرناک ترین امریکی تھرموبیرک بموں کا استعمال

February 10, 2026 8:02

فائل فوٹوغزہ میں خطرناک ترین امریکی ممنوعہ تھرموبیرک بموں کا استعمال کیا گیا۔خلیجی میڈیا کے مطابق تقریباً 3000 فلسطینیوں کے فضا میں... [...]

لندن: افغان سیاسی پناہ گزین ملا خیل 12 سالہ لڑکی کے اغوا و زیادتی کا مجرم قرار

February 10, 2026 6:02

علامتی فوٹولندن میں افغان سیاسی پناہ گزین ملا خیل کو نیویٹن میں 12 سالہ لڑکی کے اغوا و زیادتی کا مجرم قرار دے دیا گیا۔ برطانوی میڈیا... [...]

سونا پھر مہنگا، قیمت ریکارڈ سطح پر پہنچ گئی

February 11, 2026 8:02

---فائل فوٹوملک بھر کی صرافہ مارکیٹوں میں سونے کی قیمت میں اضافے کا تسلسل جاری ہے، جس کے باعث قیمتیں ریکارڈ سطح پر پہنچ گئیں۔آل... [...]

رمضان المبارک سے قبل کراچی میں آٹا مہنگا ہو گیا

February 11, 2026 6:02

—فائل فوٹورمضان المبارک سے قبل کراچی میں آٹا مہنگا ہو گیا، شہر میں ڈھائی نمبر آٹے کی قیمت 10 روپے بڑھ کر 140 روپے فی کلو ہو گئی ہے۔شہرِ... [...]

پاکستان اسٹاک ایکسچینج میں مثبت رجحان

February 11, 2026 4:02

—فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے تیسرے دن مثبت رجحان دیکھا جا رہا ہے۔پی ایس ایکس بینچ مارک 100 انڈیکس کاروبار... [...]

سونے کی قیمتوں میں آج بھی اضافہ

February 10, 2026 7:02

---فائل فوٹو ملک بھر کی صرافہ مارکیٹوں میں سونے کی قیمتوں میں اضافہ مسلسل جاری ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے... [...]

پاکستان اسٹاک ایکسچینج میں مثبت رجحان

February 10, 2026 4:02

—فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے دوسرے دن مثبت رجحان دیکھا جا رہا ہے۔پی ایس ایکس بینچ مارک 100 انڈیکس کاروبار... [...]

دنیا میں سب سے زیادہ سونا کس ملک کے پاس ہے؟ فہرست میں پاکستان کس نمبر پر؟

February 10, 2026 4:02

— فائل فوٹوسونا بدستور عالمی سطح پر معاشی تحفظ کی بنیاد سمجھا جاتا ہے۔دنیا بھر کے مرکزی بینک اسے کرنسی میں اتار چڑھاؤ کے خلاف تحفظ... [...]

سموسے کی قیمت رمضان میں 100 روپے تک پہنچنے کا خدشہ

February 9, 2026 6:02

آلو سستا تو سموسہ کیوں مہنگا ہے؟ غریب کی پہنچ سے سموسہ بھی دور ہونے لگا۔ کہیں 40 تو کہیں 70 روپے میں ملنے والے سموسے کی قیمت رمضان... [...]

اسٹیٹ بینک کی زری پالیسی رپورٹ جاری، میکرو اکنامک حالات اور منظرنامے میں بہتری

February 9, 2026 1:02

فوٹو: فائلاسٹیٹ بینک نے زری پالیسی رپورٹ جاری کردی جس کے مطابق میکرو اکنامک حالات اور منظرنامے میں بہتری آئی ہے جبکہ مالی سال 2026ء اور... [...]

پاکستان بزنس فورم کا ٹیٹرا پیک دودھ کی قیمت میں فی لیٹر 50 روپے کی فوری کمی کا مطالبہ

February 9, 2026 7:02

---فائل فوٹو پاکستان بزنس فورم کی جانب سے حکومت سے دودھ کی کمپنیوں کو ریگولیٹ کرنے کا مطالبہ کیا گیا ہے۔ پاکستان بزنس فورم نے کہا ہے... [...]

پاکستانی بینکنگ سسٹم کا آؤٹ لک مستحکم، موڈیز کی ریٹنگ جاری

February 9, 2026 7:02

----فائل فوٹوریٹنگ ایجنسی موڈیز نے پاکستان کے بینکنگ سسٹم کا آؤٹ لک مستحکم کر دیا۔ موڈیز نے 5 پاکستانی بینکوں کی ریٹنگ اپ گریڈ کر... [...]

سعودی عرب نے کھل کر پاکستان میں سرمایہ کاری کی خواہش ظاہر کی ہے: محمد اورنگزیب

February 9, 2026 6:02

وزیرِ خزانہ محمد اورنگزیب----فائل فوٹووزیرِ خزانہ محمد اورنگزیب نے کہا ہے کہ میکرو اکنامک استحکام کے بعد ہم ترقی کے لیے بہتر پوزیشن... [...]

ملک بھر میں آج سونا پھر مہنگا

February 9, 2026 5:02

---فائل فوٹوعام آدمی کے لیے سونا نایاب ہوگیا، ملک بھر کی صرافہ مارکیٹوں میں سونے کی قیمتوں کو پر لگ گئے۔آل پاکستان صرافہ جیمز اینڈ... [...]

پاکستان اسٹاک ایکسچینج میں مندی، 1789 پوائنٹس کی کمی

February 9, 2026 4:02

---فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے پہلے دن منفی رجحان دیکھا گیا۔پی ایس ایکس بینچ مارک 100 انڈیکس کاروبار کے دوران... [...]

آئی ایم ایف سے چھٹکارا پانا بے کار کی بات ہے: شبر زیدی

February 7, 2026 8:02

شبر زیدی — فائل فوٹوسابق چیئرمین ایف بی آر و ماہرِ معیشت شبر زیدی کا کہنا ہے کہ آئی ایم ایف سے چھٹکارا پانا بے کار کی بات... [...]

سونے کی قیمت میں ایک بار پھر بڑا اضافہ

February 7, 2026 7:02

—فائل فوٹوملک بھر کی صرافہ مارکیٹوں میں آج سونے کے بھاؤ میں ایک بار پھر بڑا اضافہ ہوا ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی... [...]

Stocks have turned volatile despite strong January jobs report. Here’s why investors aren’t happy.

February 11, 2026 5:37

Volatility is back on Wall Street on Wednesday, this time with a surprisingly strong jobs report for January playing a central role in the day’s turbulence. [...]

Micron’s stock pops. Here’s what an executive just said to calm nervous investors.

February 11, 2026 5:30

The memory-chip maker’s HBM4 is in high-volume production and has started shipping to customers, CFO Mark Murphy said. [...]

Chipotle CEO: Don’t come to us for dollar menus

February 11, 2026 5:30

The fast-casual chain isn’t looking to compete with the likes of McDonald’s when it comes to bargain pricing [...]

This home-generator maker is shifting focus to AI data centers, and the stock is soaring

February 11, 2026 5:29

Fewer power outages led to disappointing residential sales for Generac, but investors cheered the jump in sales to data centers. [...]

How Elon Musk’s Starlink is fueling growth by tackling terrible airplane wifi

February 11, 2026 5:18

The satellite-internet business has reached deals with at least 30 carriers to provide in-flight wifi. [...]

I’m trying to fix my relationship with my stepdaughter. Should my husband and I tell her how we have divided our assets?

February 11, 2026 5:01

“We bought a house outright for $500,000. We each contributed $250,000.” [...]

‘I feel the clock ticking’: My wife and I are in our 60s — and employ 48 people in a small town. Can we ever retire?

February 11, 2026 4:28

“We could survive financially, but my people would not.” [...]

Why Amazon’s $6.5 billion chip deal with Astera Labs is a ‘double-edged sword’

February 11, 2026 4:22

Shares of Astera Labs tumbled on Wednesday despite a fourth-quarter earnings beat, as investors questioned the merits of the large deal with Amazon. [...]

Crypto winter hits Robinhood’s sales and stock, but CEO sees prediction-market ‘super cycle’

February 11, 2026 4:22

Shares of Robinhood fell after caution on crypto trading weighed on the trading app’s fourth-quarter sales and the company forecast a big jump in spending for the year. [...]

Mattel’s stock sinks as weak earnings reveal a tale of two toymakers

February 11, 2026 4:18