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Govt decreases diesel price by Rs2.73, petrol by Rs1.49 per litre
September 29, 2026 5:50
Govt decreases diesel price by Rs2.73, petrol by Rs1.49 per litre

The government reduced the price of diesel by Rs2.73 to Rs402.24 per litre and petrol by Rs1.49 to Rs387.54 per litre, effective for Wednesday, September 30, 2026. According to a notification issued by the Petroleum Division on Tuesday, the Oil and Gas Regulatory Authority (OGRA) revised the prices under the petroleum pricing mechanism issued by the federal government. The Petroleum Division said the price changes were necessitated by global developments, including changes in Platts rates, premiums and incidentals. The revised prices will remain effective till Wednesday, September 30, 2026. In the previous review on Monday, the government reduced the price of petrol by Rs2.27 per litre to Rs389.03 and high-speed diesel (HSD) by Rs3.56 to Rs404.97 per litre. Globally, oil prices declined on Tuesday as investors focused on signs of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in the region stemming from the US-Israeli war on Iran. Brent crude futures were down $1.96, or 1.86%, to $103.32 a barrel at 1306 GMT. US West Texas Intermediate crude was at $90.65, down $1.95, or 2.11%. Brent and WTI are headed for monthly gains of around 14% and 5.6%, respectively. [...]

Special tax scheme for small shopkeepers in 'initial implementation phase': FBR
September 29, 2026 4:55
Special tax scheme for small shopkeepers in 'initial implementation phase': FBR

The Federal Board of Revenue (FBR) said on Tuesday the special tax scheme for small shopkeepers was in its initial implementation stages, during which the board was actively working to facilitate traders and address any practical or technical issues arising out of the registration process. “The Government of Pakistan and the FBR remain in continuous contact with traders, market representatives and trade bodies to ensure that the scheme is implemented in a smooth, transparent and trader-friendly manner. Feedback received from the business community is being duly considered, and efforts are underway to resolve genuine difficulties being faced by traders,” it said. The FBR further advised traders who encounter any technical difficulty or problem while registering under the scheme to approach the FBR directly for assistance and guidance. The board said it was committed to providing the necessary facilitation so that eligible traders could complete the registration process without unnecessary difficulty. “The government strongly believes that the special tax scheme provides an opportunity for small shopkeepers to become part of the documented tax system through a simplified and facilitative framework. “The scheme has been designed with the objective of encouraging voluntary compliance while providing greater certainty and ease of doing business for small traders,” it said. [...]

CAREC corridors to connect Central Asia with global markets, says Ahsan Iqbal
September 29, 2026 4:32
CAREC corridors to connect Central Asia with global markets, says Ahsan Iqbal

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday called for transforming CAREC transport routes into next-generation economic corridors by integrating infrastructure, logistics, digital connectivity, energy cooperation and climate resilience. Participating in a session of the 25th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference in Ulaanbaatar, the Minister said Pakistan viewed CAREC Corridors 5 and 6 as an opportunity to connect Central Asia with the Arabian Sea and generate economic activity along the routes, according to a ministry statement. “The question is no longer simply, ‘Can a truck travel this route?’ It is, ‘Can a business use this route reliably, competitively and profitably?’” he said. The CAREC programme focuses on the development of six primary multimodal transport corridors that link north, south, east, and west across Eurasia. Iqbal said the transformation of regional corridors required completion of the transport chain through upgraded CAREC roads, modern border facilities at Torkham and Chaman, stronger rail freight capacity through the proposed ML-1 upgrade, and efficient links to dry ports and seaports. He stressed the need to establish logistics and production hubs along strategic locations, saying cold storage, packaging, warehousing and light manufacturing could transform transit traffic into exports, jobs and value for communities along the corridors. The minister also called for building a digital corridor across the CAREC region, noting that Pakistan Single Window (PSW) provided a foundation for phased digital integration with regional partners. “A consignment’s documents should be checked before it reaches the border,” he said. Highlighting the importance of regional energy cooperation and climate resilience, Iqbal said initiatives such as CASA-1000 demonstrated the potential of cross-border energy connectivity, while new roads, railways and logistics infrastructure must be designed to withstand floods and extreme heat. “The transformation occurs when a corridor carries more than cargo: it carries investment, technology, energy and opportunity,” he said. Responding to a question on regional actions needed to ensure shared benefits, the minister emphasised coordinated planning of entire corridors, stronger cross-border cooperation and measuring the impact of connectivity on businesses and communities. He said CAREC countries should identify priority cross-border projects, prepare them to common standards and coordinate investment and construction schedules, with the Asian Development Bank playing a role in mobilising financing, including private investment where appropriate. The minister called for treating borders as a shared service, with compatible operating hours, advance electronic information, coordinated procedures and fewer repeated checks. He also emphasised the need to measure border delays, delivery times, local employment, SME participation and opportunities for women and youth. “Regional cooperation succeeds when a trader can predict the journey, a farmer can reach a distant market without losing the harvest, and communities along the corridor share in its prosperity. That is how we move from connectivity to competitiveness,” Iqbal said. Earlier, addressing the opening session of the 25th CAREC Ministerial Conference under the theme 25 Years of Partnership, Shaping the Future Together, the minister said Pakistan looked forward to assuming the CAREC Chairmanship in 2027 and hosting the 26th Ministerial Conference. He said Pakistan, located at the intersection of Central Asia, South Asia and maritime routes, sought to turn its geographical position into an engine of shared regional growth through stronger connectivity, trade, digital integration and regional value chains. On the sidelines of the 25th CAREC Ministerial Conference in Ulaanbaatar, he witnessed the signing of a memorandum of understanding between the CAREC Capital Markets Development Forum (CMDF) and the ASEAN Capital Markets Forum (ACMF). The MoU aims to strengthen cooperation and facilitate greater connectivity between the capital markets of CAREC and ASEAN member countries, creating opportunities for knowledge sharing, regulatory cooperation and deeper regional financial integration. [...]

Tax returns: Pakistan banks to extend working hours on Sept 30
September 29, 2026 4:06
Tax returns: Pakistan banks to extend working hours on Sept 30

Commercial banks in Pakistan will keep all their branches open until 10:00pm on Wednesday, September 30, to facilitate over-the-counter (OTC) payment of government duties and taxes. According to a statement from the State Bank of Pakistan (SBP), the decision was taken at the request of the Federal Board of Revenue (FBR) to facilitate taxpayers in making payments on the last day of September. The SBP also advised banks to keep concerned branches open for as long as required to facilitate special clearing of government transactions conducted by the National Institutional Facilitation Technologies (NIFT). It further directed banks to ensure uninterrupted availability of online payment channels, including internet banking, mobile applications, ATMs and other digital platforms, for payment of government duties and taxes. It may be noted that September 30 is the deadline for filing tax returns in Pakistan. On Monday, Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), urged the government and the FBR to extend the deadline for filing income tax returns by one month – moving the cutoff date to October 31, 2026 – to facilitate trade, industry, and other tax filers. [...]

Pakistan rupee records gain against US dollar
September 29, 2026 3:33
Pakistan rupee records gain against US dollar

The Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01% in the interbank market on Tuesday. The local unit closed the day at 277.12, a gain of Re0.03 against the greenback. On Monday, the Pakistani rupee settled at 277.15 against the dollar. Finance Minister Muhammad Aurangzeb held a kick-off meeting with the International Monetary Fund (IMF) mission on Tuesday, read a statement released by the Ministry of Finance. “The IMF mission is in Islamabad for the fourth review of Pakistan’s Extended Fund Facility (EFF) arrangement and the third review of the Resilience and Sustainability Facility (RSF),” it said. Internationally, the US dollar hovered near a two-month ​high on Tuesday as volatile oil prices and a rapid climb in Treasury yields lent support, although ‌gains were limited as traders awaited US data this week for clues on the Federal Reserve’s rate path. The euro traded near its weakest level in three months at $1.1367 after the European Central Bank’s chief signalled measured steps to quell inflation. Sterling was steady at $1.3248, also not far ​from a three-month trough. The dollar index, which measures the US currency against a basket of peers, was ​a touch higher at 101.2 and on track for a 1.8% advance this month, its best ⁠performance since June. Meanwhile, a deepening selloff ​in US Treasuries pushed yields to new peaks, with the 10-year benchmark at its highest since 2007 and the 30-year at its highest since 2004. The monetary policy-sensitive two-year yield also rose to its highest in more than two years, closing in on 5%. US data releases later in the week, including the PCE price index on Wednesday ​and nonfarm payrolls on Friday, ​are both expected to support ⁠the case for further Fed rate hikes. Markets are now seeing a more than 70% chance of a rate hike from the Federal Reserve at the end of October, up from ​57% a week ago, according to CME Group’s FedWatch tool. Oil prices, a key indicator of currency parity, declined on Tuesday as investors focused on signs ​of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in ‌the region stemming from the US-Israeli war on Iran. Brent crude futures were down $1.96, or 1.86%, to $103.32 a barrel at 1306 GMT. US West Texas Intermediate crude was at $90.65, down $1.95, or 2.11%. Inter-bank market rates for dollar on Tuesday BID Rs 277.12 OFFER Rs 277.32 Open-market movement In the open market, the PKR gained 12 paise for buying and 8 paise for selling against USD, closing at 278.05 and 279.15, respectively. Against Euro, the PKR gained 76 paise for buying and 71 paise for selling, closing at 315.51 and 318.65, respectively. Against UAE Dirham, the PKR remained unchanged for buying and gained 2 paise for selling, closing at 75.70 and 76.28, respectively. Against Saudi Riyal, the PKR gained 1 paisa for buying and 2 paise for selling, closing at 74.02 and 74.52, respectively. Open-market rates for dollar on Tuesday BID Rs 278.05 OFFER Rs 279.15 [...]

Sri Lankan shares fall as real estate, utilities stocks weigh
September 29, 2026 2:10
Sri Lankan shares fall as real estate, utilities stocks weigh

Sri Lankan shares closed lower on Tuesday, hurt by broad-based losses led by real estate and utilities stocks. The CSE All Share index settled down 0.60% at 20,817.82. York Arcade Holdings Plc and Serendib Land Plc were the top percentage losers on the CSE All Share index, falling 22.5% and 19.9%, respectively. Trading volume on the CSE All Share index rose to 69.6 million shares from 32.1 million in the previous session. The equity market’s turnover rose to 1.01 billion Sri Lankan rupees ($3.05 million) from 596 million rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 25.7 million rupees, while domestic investors were net sellers, selling shares worth 1.00 billion rupees, the data showed. [...]

Copper steadies as mine strike threat offsets dollar, oil strength
September 29, 2026 1:47
Copper steadies as mine strike threat offsets dollar, oil strength

Copper steadied on Tuesday as the prospect of a mining strike in top producer Chile offset concerns that a strong dollar and elevated oil prices will hurt demand. Benchmark three-month copper on the London Metal Exchange was up 0.2% to $14,447 per metric ton in official open outcry activity. It lost 1.4% on Monday, hitting its lowest since September 17 on weak Chinese industrial profits data. Despite signs of deteriorating economic growth due to the Iran war and oil above $100 a barrel, copper still has some upside risk, said Panmure Liberum analyst Tom Price. “And that’s really because the global market has been starved of inventory because it continues to be transferred into the US,” Price said, adding that underperforming production in Chile was a secondary driver. LME copper stocks dipped by 875 tons to 251,350 tons, although only around half are available to the market. In the US, COMEX inventories have risen for six straight days to over 700,000 metric tons for the first time as the possibility of an import tariff next year remains. In Chile, workers at two unions at Antofagasta’s Centinela copper mine rejected a collective contract offer on Monday, paving the way for a strike. Meanwhile, one of the unions at the giant Escondida mine last week rejected BHP’s attempt to delay contract talks. The dollar tested several-month highs on Tuesday, making greenback-denominated metals more expensive for investors using other currencies. Markets were pricing in more than a 70% chance of another Federal Reserve rate increase in October, which would be negative for base metals. Traders are also awaiting manufacturing purchasing managers’ data in China this week for further demand signals. Restocking ahead of the country’s week-long National Day holiday from Thursday has largely been completed, analysts at Galaxy Futures said. Aluminium fell 0.6% to $3,231 a ton, zinc gained 0.5% to $3,870, lead edged up 0.2% to $1,906, nickel shed 0.7% to $16,065, touching its lowest since September 16, and tin added 0.4% to $54,025. [...]

Gold price per tola drops Rs800 in Pakistan
September 29, 2026 1:27
Gold price per tola drops Rs800 in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local market, gold price per tola reached Rs437,336 after a decline of Rs800 during the day. Similarly, 10-gram gold was sold at Rs374,945 after it fell by Rs686, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gold price per tola reached Rs438,136 after a decline of Rs12,800 during the day. The international rate of gold declined by $8 to reach $4,148 per ounce. Meanwhile, the price of silver also decreased by Rs20 to reach Rs6,558 per tola. [...]

Most Gulf equities end lower amid cautious response to renewed US-Iran talks
September 29, 2026 1:26
Most Gulf equities end lower amid cautious response to renewed US-Iran talks

Most Gulf markets ended lower on Tuesday as investors weighed renewed diplomatic efforts to end the conflict between the United States and Iran. US and Iranian officials held separate talks with mediators on Monday, officials from both countries said, in a renewed push to end the war. Any further negotiations are expected to centre on an amended version of the seven-day proposal Iran presented last week on the sidelines of the United Nations General Assembly, according to an official briefed on the talks. Saudi Arabia’s benchmark index declined 1.2%, dragged lower by a 1.4% decline in oil giant Saudi Aramco. Meanwhile, the kingdom has resumed oil loadings from its Red Sea port of Yanbu after restoring operations on the East-West Pipeline, trade sources and shipping data showed, bolstering prospects for Middle Eastern crude exports. Regional uncertainty continued to weigh on investor sentiment. Although US-Iran talks are being conducted through mediators, the absence of a clear diplomatic timetable and limited evidence of tangible progress have kept investors cautious, said Joseph Dahrieh, managing director at Tickmill. At the same time, subdued shipping traffic through the Strait of Hormuz and persistent maritime disruptions continue to heighten market concerns, Dahrieh added. Qatar’s benchmark retreated 1.1%, with Qatar National Bank , the Gulf’s largest lender, losing 1%. Sentiment was also clouded by continued disruption to LNG flows. QatarEnergy has extended force majeure notices and will be unable to deliver liquefied natural gas cargoes to Italian utility Edison and certain Asian customers, while the Strait of Hormuz remains closed, Edison and trading sources said on Monday. Dubai’s main share index fell 0.2%, hit by a 1.6% slide in toll operator Salik Co . In Abu Dhabi, the index was down 0.3%. Outside the Gulf, Egypt’s blue-chip index lost 0.3%. Saudi Arabia dropped 1.2% to 10,456 Abu Dhabi fell 0.3% to 10,132 Qatar declined 1.1% to 9,307 Egypt down 0.3% to 52,297 Bahrain added 0.1% to 1,907 Oman eased 0.1% to 7,579 Kuwait lost 0.7% to 9,179 [...]

Indian rupee ends nearly flat as traders remain glued to oil moves, RBI caps fall
September 29, 2026 11:35
Indian rupee ends nearly flat as traders remain glued to oil moves, RBI caps fall

MUMBAI: The Indian rupee closed nearly unchanged on Tuesday after hitting a two-month low earlier in the session as crude oil prices continued to dictate the currency’s momentum while likely central bank intervention limited weakness. The Indian rupee had declined 0.2% to 96.1475 in early trading but trimmed losses to close nearly flat at 95.98 as Brent oil prices turned lower on the day, after touching a peak of nearly $108 per barrel. India imports nearly 90% of its crude requirements, making the rupee one of the world’s most vulnerable currencies to the Middle East oil shock. Dollar sales by state-run banks, most likely on behalf of the Reserve Bank of India, helped limit the local currency’s fall early in the day and sentiment improved when crude prices cooled, traders said. The focus is squarely on oil and a break below $100 per barrel would take the rupee to 95.40-50 per dollar while current levels should keep it closer to 96, a trader at a foreign bank said. US and Iranian officials spoke separately with mediators on Monday as part of a renewed effort to end seven months of war, according to officials of both countries. Over the weekend, US President Donald Trump had said that he had rejected a peace proposal from Iran. The uncertainty has kept oil prices and US Treasury yields elevated, boosting the dollar. On the day, the US 10-year Treasury yield was a touch higher at 5.246% while the dollar index ticked up 0.3% to 101.5. “We need to see some stability in bonds for the dollar to correct lower. That relies heavily on oil, and the latest news isn’t encouraging. Upside risks are rising again for the greenback,” analysts at ING said in a note. Investor attention will also be on key US economic data this week, including job openings data due later on Tuesday, in addition to remarks from a number of Fed policymakers to gauge the future trajectory of interest rates in the world’s largest economy. [...]

Indian shares extend losing run on elevated oil, bond yields
September 29, 2026 11:27
Indian shares extend losing run on elevated oil, bond yields

Indian share benchmarks extended their losing run on Tuesday as the absence of a Middle East peace deal drove up oil prices and bond yields, stoking concerns about foreign investor outflows from the local market. The Nifty 50 lost 0.28% to 22,716.2 and BSE Sensex fell 0.33% to 72,529.07. The indicative closing level of the 50-stock index briefly slumped 2.5% during the closing auction session, amid volatility due to monthly expiry of derivatives contracts. The benchmark indexes have shed close to 2% so far in a holiday-shortened week, on top of a nearly 6% drop in the last seven weeks, one of their longest losing streaks on record. Brent crude futures hovered around $105 a barrel, while the benchmark 10-year US Treasury yield spiked to a 19-year high above 5.27%. “Rising US Treasury yields have raised the risk-free return available to global investors, making the (premium) on offer in Indian equities relatively less compelling. This is prompting some foreign portfolio investors to shift capital out of India,” said Nitesh Arora, managing partner at Equirus Family Office. Foreign institutional investors sold Indian shares worth 53.53 billion rupees (about $558 million) on Monday, a four-week high. They have sold a net of $2.17 billion worth of shares in September so far, after two consecutive months of buying driven by the central bank’s measures to shore up dollar flows into the economy. The benchmark Nifty 50 index is down 5.7% so far in September, while MSCI’s broadest index for Asia Pacific stocks outside Japan is down about 1%. India’s under performance is primarily driven by its higher reliance on imported oil. Higher prices threaten to stoke inflation, widen the import bill and squeeze growth and corporate margins for world’s third-largest crude importer. Thirteen of the 16 major sectors logged losses on Tuesday. The broader small-caps and mid-caps dropped 0.8% and 1%. Heavyweight banks fell 0.4% and IT lost 1.5%. Most listed Tata group companies declined on the day, with Tata Chemicals dropping 4.5% and Tata Investment losing 2.9%, on dimming prospects of Tata Sons’ listing. [...]

Anthropic's IPO prospectus shows sweeping AI vision, surging costs
September 29, 2026 7:29
Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Anthropic is making a massive bet that AI will ​transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But the cost to get there will be staggering. ‌ Anthropic reported a net loss of $42 billion in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming years, according to the prospectus. The prospectus details how the company has grown sharply in the last year — while also posting wider losses. Revenue grew 12-fold in 2025 to nearly $4.6 billion, even as the company lost more than $8 billion on an operating basis, excluding writedowns of various liabilities mostly tied to previous fundraising, according to the documents, reported here ​for the first time. The public sale, which could value it at more than $2 trillion, would capitalize on the rapid rise of the AI startup lab that only came into existence ​five years ago, and establish it as a benchmark for how Wall Street values AI’s leading companies, including rival OpenAI. The plans come as Anthropic confronts evidence ⁠from its own research that increasingly autonomous AI models can behave in unexpected and potentially harmful ways, including sabotaging code, assisting fraud and manipulating information in controlled tests. These reports have broken into the ​wider public sphere, igniting fears over how companies can keep the increasingly powerful systems under control as they race to deploy them commercially. Anthropic CEO Dario Amodei has called for the global AI community to slow ​the pace of releasing new capabilities to address those concerns. Still, Anthropic rolled out its new Opus 5.5 model last week to counter OpenAI’s momentum since its launch of GPT-6 Astra, ahead of its own expected IPO. The AI lab spent $7.33 billion on compute and infrastructure last year, a threefold surge from 2024, accounting for more than half of its $12.65 billion in total operating expenses. Anthropic’s public market debut is likely to be pushed to after the November US midterm elections, ​Reuters previously reported, citing sources. The sale would bring public investors into an AI race that has been until now underwritten by venture capital firms, sovereign wealth funds and Big Tech companies. Anthropic declined to ​comment. A $2 trillion valuation expected Anthropic’s expected valuation target is more than double its own estimated valuation of $965 billion in May. The near-$42 billion net loss included a roughly $34 billion accounting charge that reflected an increase in the estimated value of ‌financing that could ⁠eventually turn into Anthropic shares, rather than money the company spent running its business. Anthropic said nearly a quarter of its revenue came from two customers last year, and as part of its risk factors, warned that many of its largest clients were not locked into long-term contracts and could cut or stop spending. Anthropic CEO urges AI companies to slow model development amid fears over misuse Anthropic had cash, cash equivalents and short-term investments totaling $20.28 billion as of December 31, the prospectus shows. Anthropic’s debut would follow SpaceX’s recent blockbuster IPO that valued Elon Musk’s company at $1.77 trillion. That company’s shares surged 19% in their June 12 debut to $160, but currently trade at around $147 – above where the IPO sold at $135 apiece. That performance ​could give investors pause as they assess the ​still-lofty valuations for high-growth companies. AI and chip ⁠stocks have sold off recently, and Anthropic’s sale will further test whether enthusiasm for the AI trade can withstand greater scrutiny, given its ambitious growth projections. Still, the listing stands to cap one of the strongest years for US IPOs since 2021, despite elevated interest rates, economic uncertainty and valuation concerns. The trillion-dollar AI race Anthropic’s biggest challenger remains OpenAI, as the two firms fiercely compete for business customers, talent and influence in Washington. OpenAI confidentially filed for an IPO ​in June. The ChatGPT maker ⁠is expected to list by early 2027, according to media reports. Anthropic was founded by researchers who left its rival after disagreements over governance and AI safety. It released its first large language model in March 2023, competing directly with OpenAI. It also competes with SpaceX’s xAI, Alphabet’s Google and Meta  to build out AI infrastructure. Analysts expect the first company to go public to establish valuation benchmarks for the AI industry and attract investors who have ⁠waited years ​for a pure-play way to bet on the technology. Amazon and Google were two of Anthropic’s early key strategic partners. Both companies ​have invested billions of dollars into the startup while simultaneously supplying cloud infrastructure needed to train and deploy Claude models. Anthropic and CEO Amodei have clashed with the White House over the use of its tools, which led to the Pentagon temporarily blacklisting Anthropic, ​a move blocked by a US judge in August. [...]

South African rand extends losses before local economic releases
September 29, 2026 6:49
South African rand extends losses before local economic releases

JOHANNESBURG: The South African rand extended the previous session’s losses in early trade ​on Tuesday as higher oil prices ‌weighed on sentiment, while investors waited for domestic economic data for clues on the health of ​Africa’s largest economy. At 0625 GMT the ​rand traded at 16.43 against the ⁠dollar , about 0.1% softer than its previous ​close. The US dollar was steady against a ​basket of currencies, while oil prices rose for a second successive session amid lingering concern over Middle East ​supply disruption. The South African Reserve Bank ​is expected to release its quarterly bulletin at around ‌0800 ⁠GMT, offering insight into second-quarter foreign direct investment and portfolio flows. The report will also offer a closer look at household finances, ​which Nedbank ​economists said ⁠appear to have remained resilient despite persistent concerns about the ongoing ​energy shock. Statistics South Africa is ​due ⁠to release formal sector employment data, excluding agriculture, at around 0930 GMT. South Africa’s benchmark 2035 ⁠government ​bond strengthened in early ​deals, as the yield fell 2.5 basis points to ​8.89%. [...]

Julius Baer seriously breached risk and money laundering rules, Swiss regulator says
September 29, 2026 6:46
Julius Baer seriously breached risk and money laundering rules, Swiss regulator says

ZURICH: Swiss private bank Julius Baer committed serious violations of supervisory provisions related to risk management and anti-money laundering obligations, financial regulator FINMA said on Tuesday, after concluding its investigation. The inquiry was related to private debt loans to a European group and client relationships tied to two Russian politically exposed persons. It was the fifth enforcement proceeding carried out by FINMA against Julius Baer in less than 10 years, the authority said. [...]

Samsung Electronics says HBM to account for nearly 30% of industry DRAM capacity next year
September 29, 2026 6:39
Samsung Electronics says HBM to account for nearly 30% of industry DRAM capacity next year

SEOUL: A Samsung Electronics executive said on Tuesday that high-bandwidth memory (HBM) is expected to account for nearly 30% of Dynamic Random-Access Memory (DRAM) chipmakers’ total wafer capacity next year, up from about 20% currently. Samsung Electronics Executive Vice President Kim Taewoo said HBM and standard DRAM compete for the same wafer capacity, meaning expanding HBM output could constrain standard DRAM supply. HBM is a crucial component for AI computing, consisting of vertically stacked memory chips that allow processors to access vast amounts of data at high speeds. The market is dominated by South Korea’s SK Hynix and Samsung Electronics, as well as US-based Micron Technology. [...]

PM Shehbaz inaugurates $3bn Eurobond in London
September 29, 2026 6:44
PM Shehbaz inaugurates $3bn Eurobond in London

Prime Minister Muhammad Shehbaz Sharif became the first prime minister from Pakistan to open the London Stock Exchange (LSE) trading session, besides formally inaugurating Pakistan’s landmark $3 billion dual-tranche sovereign Eurobond. During his address at the LSE headquarters in Paternoster Square, the prime minister highlighted Pakistan’s potential to attract high-yield, safe and mutually beneficial foreign investments. “As I speak, we have strengthened our macroeconomic indicators, which are very promising and augur very well for the future,” he said. The ceremony was attended by CEO of London Stock Exchange Group David Schwimmer, Finance Minister of Pakistan Muhammad Aurangzeb, Advisor on Privatisation Mohammad Ali, Pakistan High Commissioner Tipu Usman, members of the Pakistani delegation and relevant British authorities. A Eurobond is an international debt security issued outside the country of the currency it is denominated in. Despite its name, it has no direct connection to Europe or the Euro currency. The prime minister, in his remarks, further said that the latest contribution of their finance minister and his team to arrange $3 billion worth of dual-tranche sovereign Eurobonds spoke volumes about their hard work, deep-rooted structural changes, the digitisation of the economy, and taking all the necessary measures to put their national economy back on track. Earlier this month, Pakistan raised $3 billion through a dual-tranche Eurobond sale that drew nearly $6 billion in orders. The premier mentioned the privatisation of Pakistan International Airlines and First Women Bank, saying the government was moving towards offloading many other state enterprises, stressing that those must be run by the private sector. The prime minister opined that if the Gulf crisis hadn’t erupted, the country would have taken off. “Like other emerging economies, we are negotiating this challenge while also playing an important role as a peacemaker, mediating between the United States and Iran. I hope that we will continue in this direction,” he added. Referring to the Gulf crisis, he emphasised the importance of learning new lessons as the investors were now trying to evaluate and assess safer markets. Addressing the CEO of London Stock Exchange, the prime minister said that they definitely like to seek his guidance and advice on how to further engage international financial markets to play a role in Pakistan, not just in terms of sovereign debt but through very attractive investments. He also invited David Schwimmer to visit Pakistan. [...]

Govt decreases diesel price by Rs2.73, petrol by Rs1.49 per litre
September 29, 2026 5:50
Govt decreases diesel price by Rs2.73, petrol by Rs1.49 per litre

The government reduced the price of diesel by Rs2.73 to Rs402.24 per litre and petrol by Rs1.49 to Rs387.54 per litre, effective for Wednesday, September 30, 2026. According to a notification issued by the Petroleum Division on Tuesday, the Oil and Gas Regulatory Authority (OGRA) revised the prices under the petroleum pricing mechanism issued by the federal government. The Petroleum Division said the price changes were necessitated by global developments, including changes in Platts rates, premiums and incidentals. The revised prices will remain effective till Wednesday, September 30, 2026. In the previous review on Monday, the government reduced the price of petrol by Rs2.27 per litre to Rs389.03 and high-speed diesel (HSD) by Rs3.56 to Rs404.97 per litre. Globally, oil prices declined on Tuesday as investors focused on signs of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in the region stemming from the US-Israeli war on Iran. Brent crude futures were down $1.96, or 1.86%, to $103.32 a barrel at 1306 GMT. US West Texas Intermediate crude was at $90.65, down $1.95, or 2.11%. Brent and WTI are headed for monthly gains of around 14% and 5.6%, respectively. [...]

Special tax scheme for small shopkeepers in 'initial implementation phase': FBR
September 29, 2026 4:55
Special tax scheme for small shopkeepers in 'initial implementation phase': FBR

The Federal Board of Revenue (FBR) said on Tuesday the special tax scheme for small shopkeepers was in its initial implementation stages, during which the board was actively working to facilitate traders and address any practical or technical issues arising out of the registration process. “The Government of Pakistan and the FBR remain in continuous contact with traders, market representatives and trade bodies to ensure that the scheme is implemented in a smooth, transparent and trader-friendly manner. Feedback received from the business community is being duly considered, and efforts are underway to resolve genuine difficulties being faced by traders,” it said. The FBR further advised traders who encounter any technical difficulty or problem while registering under the scheme to approach the FBR directly for assistance and guidance. The board said it was committed to providing the necessary facilitation so that eligible traders could complete the registration process without unnecessary difficulty. “The government strongly believes that the special tax scheme provides an opportunity for small shopkeepers to become part of the documented tax system through a simplified and facilitative framework. “The scheme has been designed with the objective of encouraging voluntary compliance while providing greater certainty and ease of doing business for small traders,” it said. [...]

SECP proposes raising microfinance, housing loan limits to Rs5mn
September 29, 2026 4:46
SECP proposes raising microfinance, housing loan limits to Rs5mn

The Securities and Exchange Commission of Pakistan (SECP) proposed on Tuesday raising the maximum limit for microfinance and housing loans to Rs5 million as part of amendments aimed at expanding access to finance. The proposed amendments had been issued for consultation with stakeholders, the SECP said on Tuesday. The regulator also proposed increasing the annual income threshold for borrowers eligible for microfinance loans to Rs1.5 million from Rs1.2 million. For small businesses, the SECP proposed raising the maximum annual turnover threshold to Rs400 million from Rs150 million, while the limit for medium-sized businesses was proposed at Rs2 billion, up from Rs800 million. The SECP said the proposed SME thresholds were aligned with recent changes introduced by the State Bank of Pakistan (SBP). [...]

CAREC corridors to connect Central Asia with global markets, says Ahsan Iqbal
September 29, 2026 4:32
CAREC corridors to connect Central Asia with global markets, says Ahsan Iqbal

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday called for transforming CAREC transport routes into next-generation economic corridors by integrating infrastructure, logistics, digital connectivity, energy cooperation and climate resilience. Participating in a session of the 25th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference in Ulaanbaatar, the Minister said Pakistan viewed CAREC Corridors 5 and 6 as an opportunity to connect Central Asia with the Arabian Sea and generate economic activity along the routes, according to a ministry statement. “The question is no longer simply, ‘Can a truck travel this route?’ It is, ‘Can a business use this route reliably, competitively and profitably?’” he said. The CAREC programme focuses on the development of six primary multimodal transport corridors that link north, south, east, and west across Eurasia. Iqbal said the transformation of regional corridors required completion of the transport chain through upgraded CAREC roads, modern border facilities at Torkham and Chaman, stronger rail freight capacity through the proposed ML-1 upgrade, and efficient links to dry ports and seaports. He stressed the need to establish logistics and production hubs along strategic locations, saying cold storage, packaging, warehousing and light manufacturing could transform transit traffic into exports, jobs and value for communities along the corridors. The minister also called for building a digital corridor across the CAREC region, noting that Pakistan Single Window (PSW) provided a foundation for phased digital integration with regional partners. “A consignment’s documents should be checked before it reaches the border,” he said. Highlighting the importance of regional energy cooperation and climate resilience, Iqbal said initiatives such as CASA-1000 demonstrated the potential of cross-border energy connectivity, while new roads, railways and logistics infrastructure must be designed to withstand floods and extreme heat. “The transformation occurs when a corridor carries more than cargo: it carries investment, technology, energy and opportunity,” he said. Responding to a question on regional actions needed to ensure shared benefits, the minister emphasised coordinated planning of entire corridors, stronger cross-border cooperation and measuring the impact of connectivity on businesses and communities. He said CAREC countries should identify priority cross-border projects, prepare them to common standards and coordinate investment and construction schedules, with the Asian Development Bank playing a role in mobilising financing, including private investment where appropriate. The minister called for treating borders as a shared service, with compatible operating hours, advance electronic information, coordinated procedures and fewer repeated checks. He also emphasised the need to measure border delays, delivery times, local employment, SME participation and opportunities for women and youth. “Regional cooperation succeeds when a trader can predict the journey, a farmer can reach a distant market without losing the harvest, and communities along the corridor share in its prosperity. That is how we move from connectivity to competitiveness,” Iqbal said. Earlier, addressing the opening session of the 25th CAREC Ministerial Conference under the theme 25 Years of Partnership, Shaping the Future Together, the minister said Pakistan looked forward to assuming the CAREC Chairmanship in 2027 and hosting the 26th Ministerial Conference. He said Pakistan, located at the intersection of Central Asia, South Asia and maritime routes, sought to turn its geographical position into an engine of shared regional growth through stronger connectivity, trade, digital integration and regional value chains. On the sidelines of the 25th CAREC Ministerial Conference in Ulaanbaatar, he witnessed the signing of a memorandum of understanding between the CAREC Capital Markets Development Forum (CMDF) and the ASEAN Capital Markets Forum (ACMF). The MoU aims to strengthen cooperation and facilitate greater connectivity between the capital markets of CAREC and ASEAN member countries, creating opportunities for knowledge sharing, regulatory cooperation and deeper regional financial integration. [...]

Aurangzeb kicks off talks with IMF mission
September 29, 2026 4:17
Aurangzeb kicks off talks with IMF mission

Finance Minister Muhammad Aurangzeb held a kick-off meeting with the International Monetary Fund (IMF) mission led by Iva Petrova on Tuesday, according to a statement released by the Ministry of Finance. “The IMF mission is in Islamabad for the fourth review of Pakistan’s Extended Fund Facility (EFF) arrangement and the third review of the Resilience and Sustainability Facility (RSF),” it said. State Bank of Pakistan (SBP) governor Jameel Ahmad, Federal Board of Revenue (FBR) chairman Rashid Langrial and Minister of State for Finance Bilal Azhar Kayani also participated in the virtual meeting. Last week, an IMF staff mission arrived in Pakistan to start negotiations. On Monday, the government briefed the visiting IMF review mission that the Gulf War and disruption in the Strait of Hormuz had caused revenue loss in the first quarter and slowed down economic activities. The government also informed the mission that around 10,000 federal government employees will be required to digitally declare their movable and immovable assets by October 30, 2026, as part of a mandatory asset declaration regime. Pakistan’s ongoing IMF programmes include an Extended Arrangement under the EFF and an RSF. The EFF was approved by the IMF’s Executive Board in the last week of September 2024. This 37-month bailout programme is valued at approximately $7 billion (SDR 5,320 million). Meanwhile, Pakistan formally inquired about an RSF arrangement in October 2024. A staff-level agreement (SLA) for a new 28-month arrangement under the RSF, totalling about $1.3 billion, was reached on March 25, 2025, concurrently with the first EFF review. After IMF staff and the Pakistani authorities reach a SLA on the fourth review under the EFF and the third review under the RSF, the agreement will be subject to approval of the IMF’s Executive Board. Upon approval, Pakistan will have access to about $1 billion under the EFF and $200 million under the RSF. Pakistan has already received $4.8 billion under the two arrangements. [...]

Tax returns: Pakistan banks to extend working hours on Sept 30
September 29, 2026 4:06
Tax returns: Pakistan banks to extend working hours on Sept 30

Commercial banks in Pakistan will keep all their branches open until 10:00pm on Wednesday, September 30, to facilitate over-the-counter (OTC) payment of government duties and taxes. According to a statement from the State Bank of Pakistan (SBP), the decision was taken at the request of the Federal Board of Revenue (FBR) to facilitate taxpayers in making payments on the last day of September. The SBP also advised banks to keep concerned branches open for as long as required to facilitate special clearing of government transactions conducted by the National Institutional Facilitation Technologies (NIFT). It further directed banks to ensure uninterrupted availability of online payment channels, including internet banking, mobile applications, ATMs and other digital platforms, for payment of government duties and taxes. It may be noted that September 30 is the deadline for filing tax returns in Pakistan. On Monday, Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), urged the government and the FBR to extend the deadline for filing income tax returns by one month – moving the cutoff date to October 31, 2026 – to facilitate trade, industry, and other tax filers. [...]

Pakistan rupee records gain against US dollar
September 29, 2026 3:33
Pakistan rupee records gain against US dollar

The Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01% in the interbank market on Tuesday. The local unit closed the day at 277.12, a gain of Re0.03 against the greenback. On Monday, the Pakistani rupee settled at 277.15 against the dollar. Finance Minister Muhammad Aurangzeb held a kick-off meeting with the International Monetary Fund (IMF) mission on Tuesday, read a statement released by the Ministry of Finance. “The IMF mission is in Islamabad for the fourth review of Pakistan’s Extended Fund Facility (EFF) arrangement and the third review of the Resilience and Sustainability Facility (RSF),” it said. Internationally, the US dollar hovered near a two-month ​high on Tuesday as volatile oil prices and a rapid climb in Treasury yields lent support, although ‌gains were limited as traders awaited US data this week for clues on the Federal Reserve’s rate path. The euro traded near its weakest level in three months at $1.1367 after the European Central Bank’s chief signalled measured steps to quell inflation. Sterling was steady at $1.3248, also not far ​from a three-month trough. The dollar index, which measures the US currency against a basket of peers, was ​a touch higher at 101.2 and on track for a 1.8% advance this month, its best ⁠performance since June. Meanwhile, a deepening selloff ​in US Treasuries pushed yields to new peaks, with the 10-year benchmark at its highest since 2007 and the 30-year at its highest since 2004. The monetary policy-sensitive two-year yield also rose to its highest in more than two years, closing in on 5%. US data releases later in the week, including the PCE price index on Wednesday ​and nonfarm payrolls on Friday, ​are both expected to support ⁠the case for further Fed rate hikes. Markets are now seeing a more than 70% chance of a rate hike from the Federal Reserve at the end of October, up from ​57% a week ago, according to CME Group’s FedWatch tool. Oil prices, a key indicator of currency parity, declined on Tuesday as investors focused on signs ​of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in ‌the region stemming from the US-Israeli war on Iran. Brent crude futures were down $1.96, or 1.86%, to $103.32 a barrel at 1306 GMT. US West Texas Intermediate crude was at $90.65, down $1.95, or 2.11%. Inter-bank market rates for dollar on Tuesday BID Rs 277.12 OFFER Rs 277.32 Open-market movement In the open market, the PKR gained 12 paise for buying and 8 paise for selling against USD, closing at 278.05 and 279.15, respectively. Against Euro, the PKR gained 76 paise for buying and 71 paise for selling, closing at 315.51 and 318.65, respectively. Against UAE Dirham, the PKR remained unchanged for buying and gained 2 paise for selling, closing at 75.70 and 76.28, respectively. Against Saudi Riyal, the PKR gained 1 paisa for buying and 2 paise for selling, closing at 74.02 and 74.52, respectively. Open-market rates for dollar on Tuesday BID Rs 278.05 OFFER Rs 279.15 [...]

PM Shehbaz seeks greater investment in Pakistan from global financial giants
September 29, 2026 2:39
PM Shehbaz seeks greater investment in Pakistan from global financial giants

Prime Minister Shehbaz Sharif on Tuesday sought greater investment in Pakistan from leading global financial institutions during a series of meetings with senior executives of Barclays, J.P. Morgan, Citi, BlackRock and Rothschild & Co in London, his office said. The meetings focused on Pakistan’s economic reform programme, investment opportunities, capital markets, trade finance and the expansion of financial services, according to the Prime Minister’s Office. During his meeting with Mohammad Kamal Syed, Head of Private Bank and Wealth Management UK at Barclays, the prime minister highlighted the government’s macroeconomic stabilisation measures and encouraged the bank to explore opportunities in Pakistan’s financial sector. In talks with a J.P. Morgan delegation led by Matthieu Wiltz, Co-CEO for EMEA, Shehbaz discussed greater cooperation in capital markets, trade finance and investment banking. The delegation reaffirmed its interest in Pakistan’s sovereign debt capital markets and corporate banking opportunities. The prime minister also met senior Citi officials led by Chief Client Officer David Livingstone and encouraged the bank to expand its corporate and institutional banking services in Pakistan. During a meeting with BlackRock representatives Gordon Fraser and Sam Vecht, Co-Heads of Emerging Markets and Frontiers, and Portfolio Manager and Research Analyst Emily Fletcher, Shehbaz invited the investment firm to increase allocations to Pakistani equities and fixed-income instruments under its frontier markets strategy. Both sides also highlighted the importance of policy consistency in strengthening investor confidence. In his meeting with Rothschild & Co representatives Lord Mark Sedwill, Chair of Geostrategic Advisory, and Majid Ishaq, Head of UK Investment Banking, the prime minister discussed Pakistan’s geo-economic priorities and potential advisory cooperation in capital markets and investment strategy. The executives of the financial institutions expressed confidence in Pakistan’s economic reform momentum and reaffirmed their commitment to deepening engagement with the country’s financial sector, according to the PM Office. The meetings form part of the government’s efforts to strengthen international investor confidence and attract sustained capital flows into Pakistan. Finance Minister Senator Muhammad Aurangzeb and Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission Muhammad Ali also attended the meetings. [...]

Iraqi Airways to resume Iran flights in October after securing 'special exemption'
September 29, 2026 2:16
Iraqi Airways to resume Iran flights in October after securing 'special exemption'

BAGHDAD: Iraqi Airways is preparing to resume flights to Iran in October, Iraq’s transport ministry said on Tuesday, following a suspension of flights amid US sanctions restricting services to Iranian airlines. The ministry said Iraq had secured a special exemption allowing Iraqi Airways to operate services to Iran. Iraq halted flights to and from Iran on Friday in line with US sanctions, and the government had sought exemptions for travel related to pilgrimage, medical treatment and education. The transport ministry said services next month would initially operate from the Shi’ite holy city of Najaf once regulatory and technical requirements were completed. A source in the Iraqi transport ministry said the exemption was provided by the US Treasury and would run for one month. The number of allowed flights has not yet been determined, the source said. Three Iraqi airports suspend Iranian flights starting Friday, sources and state media say The announcement comes after Reuters reported on Monday that the Trump administration was set to grant a one-month US Treasury waiver allowing Iraqi Airways to fly between Iran and Najaf, with a more permanent exemption potentially following. Baghdad had offered safeguards including passenger screening and information sharing, as well as measures to prevent the flights being used to transport weapons, sanctioned individuals or illicit money, a source with direct knowledge of the matter told Reuters. [...]

Sri Lankan shares fall as real estate, utilities stocks weigh
September 29, 2026 2:10
Sri Lankan shares fall as real estate, utilities stocks weigh

Sri Lankan shares closed lower on Tuesday, hurt by broad-based losses led by real estate and utilities stocks. The CSE All Share index settled down 0.60% at 20,817.82. York Arcade Holdings Plc and Serendib Land Plc were the top percentage losers on the CSE All Share index, falling 22.5% and 19.9%, respectively. Trading volume on the CSE All Share index rose to 69.6 million shares from 32.1 million in the previous session. The equity market’s turnover rose to 1.01 billion Sri Lankan rupees ($3.05 million) from 596 million rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 25.7 million rupees, while domestic investors were net sellers, selling shares worth 1.00 billion rupees, the data showed. [...]

Bangladesh eyes Airbus deal for 10 aircraft after Boeing order
September 29, 2026 1:58
Bangladesh eyes Airbus deal for 10 aircraft after Boeing order

DHAKA: Bangladesh is looking to buy 10 aircraft from France’s Airbus for Biman Bangladesh Airlines, a minister said on Tuesday, as the government pushes ahead with plans to expand the national carrier’s fleet days after signing a deal for 11 additional Boeing jets. The government could sign an agreement with Airbus as early as October, Civil Aviation and Tourism Minister M. Rashiduzzaman Millat said. The proposed purchase includes four A350-900 wide-body aircraft and six A321neo narrow-body jets. Bangladesh to buy 11 more Boeing jets as it seeks closer US trade ties The proposed Airbus acquisition would add to Biman’s Boeing commitments, which now total 25 aircraft, including the latest order for five 787-10 Dreamliners and six 737-8 MAX jets. The planned A350s would mainly operate high-demand routes to the Middle East and long-haul services to Europe and North America, while the A321neos would be deployed on regional and shorter-haul routes. Biman, whose fleet of 19 aircraft consists mainly of Boeing jets and Dash-8 turboprops, serves slightly more than 20% of the country’s air passengers, according to Millat. [...]

Tata leadership transition, IPO unlikely to impact ratings, S&P Global says
September 29, 2026 1:51
Tata leadership transition, IPO unlikely to impact ratings, S&P Global says

Potential leadership transition and listing of Tata Sons would not immediately affect the ratings of the companies in the salt-to-software conglomerate, S&P Global said on Tuesday, saying that changes to the financial policies are likely to be gradual. The comments by the ratings agency come amid a deepening boardroom rift at India’s Tata group, with controlling charities at odds with management over the reappointment of Chairman N Chandrasekaran and the response to a listing mandate for the holding company. Tata Trusts have proposed a restructuring that could help Tata Sons avoid a listing after the central bank rejected the company’s request to surrender its status as a large non-bank finance company. Investors are closely tracking developments as a potential listing could unlock value for shareholders of group companies that have stakes in the unlisted parent. S&P said the group’s rated companies are run by independent professional management teams, although Tata Sons continued to influence strategy. Tata Group firms shed $4 billion in market value amid holding company rift S&P currently rates Tata Steel, Tata Motors, Tata Power, Tata Power Renewable Energy and Tata Capital at “BBB” with a stable outlook, while Tata Motors Passenger Vehicles has a “BBB” rating with a negative outlook. Jaguar Land Rover is rated “BBB-” with a negative outlook. A routine listing of Tata Sons would be credit-neutral in the near term, the ratings agency said. However, over the longer term, public shareholding could lead to greater scrutiny of capital allocation, shareholder returns and support for weaker group companies, potentially affecting its assessment of group support, S&P said. [...]

PSX: late selling at bourse, KSE-100 sheds over 800 points
September 29, 2026 1:49
PSX: late selling at bourse, KSE-100 sheds over 800 points

The Pakistan Stock Exchange (PSX) observed a volatile trading session, with the benchmark KSE-100 Index closing with a loss of over 800 points amid late selling on Tuesday. The market opened on a relatively firm note, climbing to an intra-day high of 170,944.34 before losing momentum. The index remained broadly range-bound around the 170,400–170,600 level through late morning and early afternoon, but selling pressure intensified after around 2pm, pushing the benchmark sharply lower. It touched an intra-day low of 169,538.22 near the close, with the index ending only slightly above that level. At close, the benchmark index settled at 169,600.40 points, down 825.22 points or 0.48%. In a key development, the government on Monday briefed the visiting International Monetary Fund (IMF) review mission that the Gulf War and disruption in the Strait of Hormuz had caused revenue loss in the first quarter and slowed down economic activities, besides informing that around 10,000 federal government employees will be required to digitally declare their movable and immovable assets by October 30, 2026, as part of a mandatory asset declaration regime. On Monday, the PSX closed lower in a range-bound session as investor sentiment remained fragile amid heightened Middle East geopolitical uncertainty following media reports that US President Donald Trump had rejected an Iranian ceasefire proposal concerning the Strait of Hormuz. The KSE-100 Index declined 339.60 points, or 0.20%, to close at 170,425.62 points. Globally, oil prices and bond yields were higher in an uncomfortable combination for Asian equities on Tuesday, ​as investors braced for an interest rate hike in Australia and an era where short-term borrowing costs ‌settle at their highest for years. The benchmark 10-year US Treasury yield spiked to a 19-year high above 5.27% overnight for a rise of nearly 50 basis points through September. Yields rise when bond prices fall, and the monthly selloff is the heaviest in two years. The US 2-year yield has ​moved even further, shooting up more than 57 bps this month to the threshold of 5%, as traders figure ​that US growth and inflation will drive three more Federal Reserve rate hikes by the middle ⁠of next year. Overnight, only a massive $150 billion boost to a ​buyback plan by chipmaker Nvidia, which lifted the stock price, held the rates-sensitive Nasdaq to a fall of 0.9%. In Asia, bond markets in Japan, South Korea and Australia traded under pressure, and most regional equity markets slipped. Fragile sentiment in China’s technology sector, where stocks were hit on Monday by US plans to ban Chinese ​components from data centres, left ​the blue-chip CSI300 index ⁠pinned to a one-year low. Meanwhile, the Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01% in the inter-bank market on Tuesday. The local unit closed the day at 277.12, a gain of Re0.03 against the greenback. Volume on the all-share index increased to 568.04 million from 421.01 million recorded in the previous close. The value of shares rose to Rs20.81 billion from Rs17.74 billion in the previous session. Cnergyico PK was the volume leader with 56.53 million shares, followed by Tasdeeq Information with 56.29 million shares, and K-Electric Ltd with 34.67 million shares. Shares of 496 companies were traded on Tuesday, of which 154 registered an increase, 305 recorded a fall, and 37 remained unchanged. [...]

Copper steadies as mine strike threat offsets dollar, oil strength
September 29, 2026 1:47
Copper steadies as mine strike threat offsets dollar, oil strength

Copper steadied on Tuesday as the prospect of a mining strike in top producer Chile offset concerns that a strong dollar and elevated oil prices will hurt demand. Benchmark three-month copper on the London Metal Exchange was up 0.2% to $14,447 per metric ton in official open outcry activity. It lost 1.4% on Monday, hitting its lowest since September 17 on weak Chinese industrial profits data. Despite signs of deteriorating economic growth due to the Iran war and oil above $100 a barrel, copper still has some upside risk, said Panmure Liberum analyst Tom Price. “And that’s really because the global market has been starved of inventory because it continues to be transferred into the US,” Price said, adding that underperforming production in Chile was a secondary driver. LME copper stocks dipped by 875 tons to 251,350 tons, although only around half are available to the market. In the US, COMEX inventories have risen for six straight days to over 700,000 metric tons for the first time as the possibility of an import tariff next year remains. In Chile, workers at two unions at Antofagasta’s Centinela copper mine rejected a collective contract offer on Monday, paving the way for a strike. Meanwhile, one of the unions at the giant Escondida mine last week rejected BHP’s attempt to delay contract talks. The dollar tested several-month highs on Tuesday, making greenback-denominated metals more expensive for investors using other currencies. Markets were pricing in more than a 70% chance of another Federal Reserve rate increase in October, which would be negative for base metals. Traders are also awaiting manufacturing purchasing managers’ data in China this week for further demand signals. Restocking ahead of the country’s week-long National Day holiday from Thursday has largely been completed, analysts at Galaxy Futures said. Aluminium fell 0.6% to $3,231 a ton, zinc gained 0.5% to $3,870, lead edged up 0.2% to $1,906, nickel shed 0.7% to $16,065, touching its lowest since September 16, and tin added 0.4% to $54,025. [...]

Pakistanis among crew as Puntland forces rescue hijacked tanker
September 29, 2026 7:06
Pakistanis among crew as Puntland forces rescue hijacked tanker

Somalia’s Puntland security forces rescued the MT Honour 25, a Palau-flagged petroleum products tanker seized by Somali pirates in April with at least 10 Pakistanis among the 17 crew members on board, Puntland state television reported on Tuesday. The broadcaster said pirates who had been holding the vessel had been detained and would be brought to court. Puntland officials did not respond to requests for comment. The MT Honour 25 was seized on April 21 around 30 nautical miles off Puntland’s coast with 17 crew members on board, including at least 10 Pakistanis. The rescue follows a similar Puntland counter-piracy operation last week, when the regional maritime police force said it had freed the US-sanctioned tanker Sibu 1, which Somali pirates had hijacked in August. Piracy has resurfaced off Somalia’s coast in recent years, raising concerns for shipping through the Gulf of Aden and the western Indian Ocean. A previous wave of Somali piracy from 2008 to 2014 disrupted one of the world’s busiest shipping routes, cost the global economy billions of dollars and resulted in hundreds of millions of dollars in ransom payments. [...]

PM Shehbaz inaugurates $3bn Eurobond in London
September 29, 2026 6:44
PM Shehbaz inaugurates $3bn Eurobond in London

Prime Minister Muhammad Shehbaz Sharif became the first prime minister from Pakistan to open the London Stock Exchange (LSE) trading session, besides formally inaugurating Pakistan’s landmark $3 billion dual-tranche sovereign Eurobond. During his address at the LSE headquarters in Paternoster Square, the prime minister highlighted Pakistan’s potential to attract high-yield, safe and mutually beneficial foreign investments. “As I speak, we have strengthened our macroeconomic indicators, which are very promising and augur very well for the future,” he said. The ceremony was attended by CEO of London Stock Exchange Group David Schwimmer, Finance Minister of Pakistan Muhammad Aurangzeb, Advisor on Privatisation Mohammad Ali, Pakistan High Commissioner Tipu Usman, members of the Pakistani delegation and relevant British authorities. A Eurobond is an international debt security issued outside the country of the currency it is denominated in. Despite its name, it has no direct connection to Europe or the Euro currency. The prime minister, in his remarks, further said that the latest contribution of their finance minister and his team to arrange $3 billion worth of dual-tranche sovereign Eurobonds spoke volumes about their hard work, deep-rooted structural changes, the digitisation of the economy, and taking all the necessary measures to put their national economy back on track. Earlier this month, Pakistan raised $3 billion through a dual-tranche Eurobond sale that drew nearly $6 billion in orders. The premier mentioned the privatisation of Pakistan International Airlines and First Women Bank, saying the government was moving towards offloading many other state enterprises, stressing that those must be run by the private sector. The prime minister opined that if the Gulf crisis hadn’t erupted, the country would have taken off. “Like other emerging economies, we are negotiating this challenge while also playing an important role as a peacemaker, mediating between the United States and Iran. I hope that we will continue in this direction,” he added. Referring to the Gulf crisis, he emphasised the importance of learning new lessons as the investors were now trying to evaluate and assess safer markets. Addressing the CEO of London Stock Exchange, the prime minister said that they definitely like to seek his guidance and advice on how to further engage international financial markets to play a role in Pakistan, not just in terms of sovereign debt but through very attractive investments. He also invited David Schwimmer to visit Pakistan. [...]

Morocco's king appoints first woman prime minister following election
September 29, 2026 6:26
Morocco's king appoints first woman prime minister following election

RABAT: King Mohammed VI appointed Fatima Ezzahra El Mansouri on Tuesday as Morocco’s first woman prime minister after her liberal-centrist party came out on top in a September 23 parliamentary election, the royal palace said. The king asked El Mansouri to form a new government, the palace said in a statement. El Mansouri’s Authenticity and Modernity Party (PAM) was created in 2008 by an adviser to the king and has since positioned itself as a counterweight to the Islamist Justice and Development Party (PJD) by advocating social modernisation and secular-leaning views. Morocco is a constitutional monarchy where the king retains sweeping powers over foreign policy, defence and other key portfolios. Under Morocco’s constitution, the king appoints the head of government from the political party that wins the largest number of seats in the House of Representatives. PAM, which was the second-largest member in the outgoing coalition, moved up to the top spot, bolstered by the recruitment of Fouzi Lekjaa, Morocco’s football federation chief and two-time government budget manager, who joined weeks before the vote. El Mansouri, a lawyer who was housing minister in the outgoing government and Marrakech mayor, will lead talks to form a coalition government and submit a list of cabinet members for the king’s approval. ‘No red lines’ The incoming government will oversee the last stages of a $20-billion push to get ready for the 2030 World Cup, which Morocco will co-host with Portugal and Spain. It will also implement economic policies aimed at addressing widespread youth discontent, an issue highlighted by a mass border rush on the Spanish enclave of Ceuta in July and deadly Gen-Z-led protests last year. PAM won 97 seats, followed by its partners in the outgoing government, the liberal-centrist National Rally of Independents (RNI) with 66 seats, and the conservative nationalist Istiqlal with 65. During the campaign, PAM had ruled out staying in a coalition with the RNI — the two had traded blame over policy shortcomings including a failure to halt rises in food prices. But El Mansouri said on Thursday she would have no “red lines” when it came to negotiations. “We have turned the page,” she  said. Abdelilah Benkirane, former prime minister and leader of the PJD, which won 54 seats, said the party would stay in opposition. Three leftist parties took smaller shares of the seats. Turnout, closely watched as an indicator of trust in elected institutions, fell to about 38% from around 50% in the previous elections five years ago, when the moderate Islamist PJD was dealt a crushing defeat after a decade in power. In recent years, King Mohammed VI had appointed a female adviser and Morocco has had women in senior institutional roles. The outgoing government had four women ministers. [...]

Farming needs a digital push
September 29, 2026 6:22
Farming needs a digital push

Agriculture in Pakistan relies on land, water, hard work, and farmers’ experience. But these foundations are coming under increasing pressure. Rising costs, water shortages, changing weather, crop diseases and growing demand for food are making farming more difficult. Farmers are expected to produce more with fewer resources, creating a growing need for technology that can help them make better decisions, use resources efficiently and reach markets. From mobile phones and satellite images to artificial intelligence and digital marketplaces, technology is offering new ways to address some of the long-standing challenges facing Pakistani agriculture. A new generation of agri-tech startups is working to make farming more productive, efficient and profitable. Agri-tech covers a wide range of solutions, including mobile applications, satellite monitoring, artificial intelligence, smart irrigation, digital payments, online marketplaces and data-based farming advice. For Pakistan, where agriculture remains central to the economy and rural livelihoods, the development of this sector could have far-reaching effects. One of the biggest needs in agriculture is better and faster access to information. In the past, a farmer looking for advice about a crop disease or pest might have depended on a local agricultural officer, dealer or fellow farmer. Digital services can provide information much more quickly and make agricultural knowledge available to farmers in areas where support may be limited. Startups are developing platforms that provide advice on crops, weather, farm management and market conditions. Knowing when to irrigate, how much fertiliser to use or how to respond to a pest problem can affect both the size and quality of a harvest. In agriculture, where timing can make a significant difference, access to reliable information can help farmers make better decisions. Pakistani companies are using data and digital technology to support agricultural decision-making. Companies use satellite imagery and agricultural data to monitor fields and provide information about crops. Instead of sending people to inspect every field, satellite images can show what is happening across large areas of farmland and help identify changes in crop health. Better agricultural data can also support access to finance. Banks and financial institutions need reliable information when deciding whether to lend to farmers. Satellite data could help them understand the condition of farmland and crops, making it easier to assess agricultural risks. This could support both farming decisions and access to credit. Water is another area where technology could play an important role. Agriculture uses a large share of Pakistan’s available water, while concerns over water availability and climate change are growing. Traditional irrigation methods can result in considerable waste, creating a need to produce more food without simply using more water. Smart irrigation systems offer one possible solution. Sensors can measure soil moisture and show when crops need water, while weather data can help farmers plan irrigation more effectively. Instead of following a fixed watering routine, farmers can make decisions based on the condition of the soil and crops. This can reduce unnecessary water use while ensuring that crops receive water when needed. Precision agriculture takes this approach further. Rather than treating every part of a field in the same way, farmers can use data to identify areas that need more water, fertiliser or pest control. Drones and satellites can help identify stressed crops, while digital maps can show differences in soil and plant health. For a country facing pressure on land and water resources, such technology could help farmers use what they have more efficiently. The future of farming in Pakistan will not be decided by technology alone. Farmers still need reliable water, good seeds, roads, storage facilities, finance and access to markets. Technology cannot replace these basic requirements. Artificial intelligence is also beginning to find a place in agriculture. AI systems can process large amounts of information and identify patterns. One possible application is crop disease detection. A farmer could take a photograph of a damaged plant and use an AI-based system to identify possible causes and treatments. Such technology is still developing and cannot replace agricultural experts. Its effectiveness depends on the quality of the data and the conditions in which it is used. However, for farmers in remote areas, even basic digital assistance could provide an early indication of a problem and help them decide when professional advice is needed. The need for technology also extends beyond the farm. For many small farmers, finding buyers at a fair price can be difficult. They may depend heavily on middlemen and have limited information about prices in other markets. Digital marketplaces are attempting to bridge this gap by connecting farmers with buyers. These platforms can provide information about demand and prices and, in some cases, help organise transport and payments. They do not necessarily remove middlemen, but they can give farmers more information and a wider choice of buyers. Better market information can also help farmers decide where and when to sell their produce. Financial technology is another growing part of the agri-tech sector. Access to credit has long been a problem for small farmers. Without conventional financial records or acceptable collateral, many struggle to obtain formal loans, limiting their ability to invest in seeds, fertiliser, machinery and other inputs. Agri-fintech startups are exploring new ways of assessing farmers. Digital transaction records, satellite information and other data could help financial institutions understand agricultural businesses and assess their risks. This could eventually make it easier for farmers to obtain finance and bring more agricultural businesses into the formal financial system. Livestock, one of the most important parts of Pakistan’s rural economy, can also benefit from digital innovation. Mobile platforms can help farmers access veterinary information, keep records and connect with buyers. Better information about animal health, feeding and breeding could improve productivity and reduce losses. Some of the biggest opportunities, however, may lie after the harvest. Agricultural produce can be lost because of poor storage, inadequate transport and a lack of cold-chain facilities. For farmers growing fruits, vegetables, dairy products and other perishable goods, these losses can be damaging. Producing more food has limited value if a significant amount is lost before reaching consumers. Technology-based logistics and storage businesses are looking for ways to address this problem. Digital systems can help coordinate transport, connect producers with buyers and track products through the supply chain. Better cold storage can also give farmers more time to sell their produce rather than accepting low prices immediately after harvest. Despite its potential, Pakistan’s agri-tech sector faces challenges related to access, cost and trust. Not every farmer has a smartphone, reliable internet or the digital skills needed to use advanced applications. Rural communities also vary in their access to electricity and telecommunications. Drones, sensors and advanced farm equipment may also be beyond the reach of small farmers. Startups will therefore need affordable business models if they want their technology to reach more farmers rather than only large agricultural businesses. In many cases, simple and affordable digital services may have a greater impact than expensive equipment. Trust is equally important. Farmers are unlikely to adopt a new technology simply because it is described as innovative. They need to see that it works under local conditions and provides a practical benefit. Demonstration farms, farmer training and support in local languages could encourage adoption. Technology must fit the realities of farming rather than expecting farmers to completely change the way they work. Government and educational institutions also have an important role. Better digital infrastructure, agricultural research, access to finance and support for startups could create a stronger environment for innovation. Universities could work more closely with farmers and technology companies to develop solutions suited to Pakistan’s agricultural conditions. The future of farming in Pakistan will not be decided by technology alone. Farmers still need reliable water, good seeds, roads, storage facilities, finance and access to markets. Technology cannot replace these basic requirements. What it can do is make agricultural systems more efficient and help farmers make better decisions by connecting them with information, markets, finance and services. The change will not happen overnight, and many technologies are still at an early stage. But from a farmer checking crop information on a mobile phone to a satellite monitoring thousands of acres, the digital transformation is already beginning. For Pakistan, the real test will be whether this innovation can move beyond technology hubs and reach the country’s millions of farmers. If it does, agri-tech could help reduce waste, improve the use of water and other resources, increase access to markets and create new opportunities for rural communities. The fields may still look much the same from a distance. But underneath the traditional landscape, a quieter revolution is taking place, powered not only by soil and water, but by data, ideas and technology. The need for tech-driven agriculture is ultimately about giving farmers the tools they need to deal with a changing agricultural environment and produce more food with limited resources. The article does not necessarily reflect the opinion of Business Recorder or its owners. [...]

Govt decreases diesel price by Rs2.73, petrol by Rs1.49 per litre
September 29, 2026 5:50
Govt decreases diesel price by Rs2.73, petrol by Rs1.49 per litre

The government reduced the price of diesel by Rs2.73 to Rs402.24 per litre and petrol by Rs1.49 to Rs387.54 per litre, effective for Wednesday, September 30, 2026. According to a notification issued by the Petroleum Division on Tuesday, the Oil and Gas Regulatory Authority (OGRA) revised the prices under the petroleum pricing mechanism issued by the federal government. The Petroleum Division said the price changes were necessitated by global developments, including changes in Platts rates, premiums and incidentals. The revised prices will remain effective till Wednesday, September 30, 2026. In the previous review on Monday, the government reduced the price of petrol by Rs2.27 per litre to Rs389.03 and high-speed diesel (HSD) by Rs3.56 to Rs404.97 per litre. Globally, oil prices declined on Tuesday as investors focused on signs of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in the region stemming from the US-Israeli war on Iran. Brent crude futures were down $1.96, or 1.86%, to $103.32 a barrel at 1306 GMT. US West Texas Intermediate crude was at $90.65, down $1.95, or 2.11%. Brent and WTI are headed for monthly gains of around 14% and 5.6%, respectively. [...]

Special tax scheme for small shopkeepers in 'initial implementation phase': FBR
September 29, 2026 4:55
Special tax scheme for small shopkeepers in 'initial implementation phase': FBR

The Federal Board of Revenue (FBR) said on Tuesday the special tax scheme for small shopkeepers was in its initial implementation stages, during which the board was actively working to facilitate traders and address any practical or technical issues arising out of the registration process. “The Government of Pakistan and the FBR remain in continuous contact with traders, market representatives and trade bodies to ensure that the scheme is implemented in a smooth, transparent and trader-friendly manner. Feedback received from the business community is being duly considered, and efforts are underway to resolve genuine difficulties being faced by traders,” it said. The FBR further advised traders who encounter any technical difficulty or problem while registering under the scheme to approach the FBR directly for assistance and guidance. The board said it was committed to providing the necessary facilitation so that eligible traders could complete the registration process without unnecessary difficulty. “The government strongly believes that the special tax scheme provides an opportunity for small shopkeepers to become part of the documented tax system through a simplified and facilitative framework. “The scheme has been designed with the objective of encouraging voluntary compliance while providing greater certainty and ease of doing business for small traders,” it said. [...]

CAREC corridors to connect Central Asia with global markets, says Ahsan Iqbal
September 29, 2026 4:32
CAREC corridors to connect Central Asia with global markets, says Ahsan Iqbal

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday called for transforming CAREC transport routes into next-generation economic corridors by integrating infrastructure, logistics, digital connectivity, energy cooperation and climate resilience. Participating in a session of the 25th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference in Ulaanbaatar, the Minister said Pakistan viewed CAREC Corridors 5 and 6 as an opportunity to connect Central Asia with the Arabian Sea and generate economic activity along the routes, according to a ministry statement. “The question is no longer simply, ‘Can a truck travel this route?’ It is, ‘Can a business use this route reliably, competitively and profitably?’” he said. The CAREC programme focuses on the development of six primary multimodal transport corridors that link north, south, east, and west across Eurasia. Iqbal said the transformation of regional corridors required completion of the transport chain through upgraded CAREC roads, modern border facilities at Torkham and Chaman, stronger rail freight capacity through the proposed ML-1 upgrade, and efficient links to dry ports and seaports. He stressed the need to establish logistics and production hubs along strategic locations, saying cold storage, packaging, warehousing and light manufacturing could transform transit traffic into exports, jobs and value for communities along the corridors. The minister also called for building a digital corridor across the CAREC region, noting that Pakistan Single Window (PSW) provided a foundation for phased digital integration with regional partners. “A consignment’s documents should be checked before it reaches the border,” he said. Highlighting the importance of regional energy cooperation and climate resilience, Iqbal said initiatives such as CASA-1000 demonstrated the potential of cross-border energy connectivity, while new roads, railways and logistics infrastructure must be designed to withstand floods and extreme heat. “The transformation occurs when a corridor carries more than cargo: it carries investment, technology, energy and opportunity,” he said. Responding to a question on regional actions needed to ensure shared benefits, the minister emphasised coordinated planning of entire corridors, stronger cross-border cooperation and measuring the impact of connectivity on businesses and communities. He said CAREC countries should identify priority cross-border projects, prepare them to common standards and coordinate investment and construction schedules, with the Asian Development Bank playing a role in mobilising financing, including private investment where appropriate. The minister called for treating borders as a shared service, with compatible operating hours, advance electronic information, coordinated procedures and fewer repeated checks. He also emphasised the need to measure border delays, delivery times, local employment, SME participation and opportunities for women and youth. “Regional cooperation succeeds when a trader can predict the journey, a farmer can reach a distant market without losing the harvest, and communities along the corridor share in its prosperity. That is how we move from connectivity to competitiveness,” Iqbal said. Earlier, addressing the opening session of the 25th CAREC Ministerial Conference under the theme 25 Years of Partnership, Shaping the Future Together, the minister said Pakistan looked forward to assuming the CAREC Chairmanship in 2027 and hosting the 26th Ministerial Conference. He said Pakistan, located at the intersection of Central Asia, South Asia and maritime routes, sought to turn its geographical position into an engine of shared regional growth through stronger connectivity, trade, digital integration and regional value chains. On the sidelines of the 25th CAREC Ministerial Conference in Ulaanbaatar, he witnessed the signing of a memorandum of understanding between the CAREC Capital Markets Development Forum (CMDF) and the ASEAN Capital Markets Forum (ACMF). The MoU aims to strengthen cooperation and facilitate greater connectivity between the capital markets of CAREC and ASEAN member countries, creating opportunities for knowledge sharing, regulatory cooperation and deeper regional financial integration. [...]

Govt to establish largest facilitation centre for CNIC, passport services in Karachi:Naqvi
September 29, 2026 4:08
Govt to establish largest facilitation centre for CNIC, passport services in Karachi:Naqvi

The federal government will establish the country’s largest public facilitation centre under the Federal Ministry of Interior in Karachi, offering multiple citizen services under one roof. Federal Interior Minister Mohsin Naqvi, who visited the Ministry of Interior office on I.I. Chundrigar Road on Tuesday, directed authorities to prepare and submit the master plan for the Grand Facilitation Centre within 10 days, according to a press release. The minister said counters of all departments and organisations working under the Interior Ministry would be available at the centre. Citizens will be able to access services including passports, CNICs, arms licences and various no-objection certificates (NOCs) at one location. Naqvi directed the authorities to incorporate all necessary requirements into the master plan and take immediate measures for establishment of the centre. Separately, 21 new vehicles for Islamabad Rescue 1122 and the Fire Brigade arrived at Karachi Port from China, marking the biggest expansion of Islamabad Rescue’s fleet since 2009. Naqvi inspected the vehicles at Karachi Port and said the new fleet would strengthen emergency response in Islamabad. The vehicles are expected to reach the capital within five days. The new fleet includes four aerial fire trucks, six fire towers and five fire tenders, with the vehicles equipped with modern firefighting and rescue equipment. According to a briefing, the vehicles can conduct rescue and firefighting operations at heights of up to 256 feet. The new fleet will remain available round-the-clock at six stations across Islamabad. Naqvi thanked the Chinese government for expediting the supply of the vehicles, describing their arrival as a welcome development for Islamabad’s emergency response system. [...]

Tax returns: Pakistan banks to extend working hours on Sept 30
September 29, 2026 4:06
Tax returns: Pakistan banks to extend working hours on Sept 30

Commercial banks in Pakistan will keep all their branches open until 10:00pm on Wednesday, September 30, to facilitate over-the-counter (OTC) payment of government duties and taxes. According to a statement from the State Bank of Pakistan (SBP), the decision was taken at the request of the Federal Board of Revenue (FBR) to facilitate taxpayers in making payments on the last day of September. The SBP also advised banks to keep concerned branches open for as long as required to facilitate special clearing of government transactions conducted by the National Institutional Facilitation Technologies (NIFT). It further directed banks to ensure uninterrupted availability of online payment channels, including internet banking, mobile applications, ATMs and other digital platforms, for payment of government duties and taxes. It may be noted that September 30 is the deadline for filing tax returns in Pakistan. On Monday, Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), urged the government and the FBR to extend the deadline for filing income tax returns by one month – moving the cutoff date to October 31, 2026 – to facilitate trade, industry, and other tax filers. [...]

Saudi Arabia resumes Yanbu oil loading after pipeline restart
September 29, 2026 3:56
Saudi Arabia resumes Yanbu oil loading after pipeline restart

SINGAPORE: Saudi Arabia has resumed oil tanker loadings from its Red Sea port of Yanbu after restarting operations on the East-West Pipeline, according to trade sources and shipping data, improving the outlook for oil exports from the Middle East. The resumption of Yanbu loadings, halted earlier this month after a drone attack on the pipeline, weighed on global oil prices on Monday as it added to signs of increased flows from the Middle East, from which the US war with Iran has throttled oil shipments. State oil giant Saudi Aramco notified customers on Monday evening of its October loading schedule from Yanbu, an Asian refining source said. The refiner loaded a cargo from Yanbu late last week. Drone attacks, which Saudi Arabia blamed on Iraqi militias, forced the kingdom to shut the pipeline on September 11, halting crude exports from Yanbu. Pipeline operations resumed last Tuesday. Aramco did not immediately respond to a request for comment. Mideast oil exports rebound in September as Saudi Arabia boosts shipments Oil products are also being loaded, tracker says European Space Agency satellite pictures also pointed to a resumption of loading. “ESA satellite imagery captured over the Red Sea on September 27 shows Saudi Arabia loading nearly 10 million barrels of crude oil at Yanbu and Al Muajjiz,” vessel-tracking firm TankerTrackers wrote in a post on X on Tuesday. Al Muajjiz is a terminal south of Yanbu. “We also observed refined-product loadings. In total, we visually identified 40 tankers, regardless of their activity or proximity to these terminals.” Two trade sources separately estimated crude loadings from Yanbu at about 2 million barrels per day since last week. Saudi Arabia restarts East-West oil pipeline, sources say Oil throughput on the pipeline is about 2 million barrels per day, according to an industry source, and around 2.65 million bpd according to ship-tracking firm Kpler. This is far short of the pipeline’s 7 million bpd capacity. Throughput will climb to between 3 million and 4 million bpd in the coming days, Kpler said. A full return to the pre-attack rate of roughly 5.5 million bpd could still take another month, it said in a note on Monday. Crude inventories at the Yanbu terminal rose by roughly 1 million barrels on September 22, the first build since the attack, according to Kpler. The restart of crude loading at Yanbu added to signs of rising Middle East oil shipments following a recovery in exports via the Strait of Hormuz. Crude oil loadings at Egypt’s Sidi Kerir resumed on September 22 after a 10-day hiatus, but tankers remain queued offshore as restrictions continue to limit access for much of the commercial fleet, Kpler said in the note. [...]

Pakistan rupee records gain against US dollar
September 29, 2026 3:33
Pakistan rupee records gain against US dollar

The Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01% in the interbank market on Tuesday. The local unit closed the day at 277.12, a gain of Re0.03 against the greenback. On Monday, the Pakistani rupee settled at 277.15 against the dollar. Finance Minister Muhammad Aurangzeb held a kick-off meeting with the International Monetary Fund (IMF) mission on Tuesday, read a statement released by the Ministry of Finance. “The IMF mission is in Islamabad for the fourth review of Pakistan’s Extended Fund Facility (EFF) arrangement and the third review of the Resilience and Sustainability Facility (RSF),” it said. Internationally, the US dollar hovered near a two-month ​high on Tuesday as volatile oil prices and a rapid climb in Treasury yields lent support, although ‌gains were limited as traders awaited US data this week for clues on the Federal Reserve’s rate path. The euro traded near its weakest level in three months at $1.1367 after the European Central Bank’s chief signalled measured steps to quell inflation. Sterling was steady at $1.3248, also not far ​from a three-month trough. The dollar index, which measures the US currency against a basket of peers, was ​a touch higher at 101.2 and on track for a 1.8% advance this month, its best ⁠performance since June. Meanwhile, a deepening selloff ​in US Treasuries pushed yields to new peaks, with the 10-year benchmark at its highest since 2007 and the 30-year at its highest since 2004. The monetary policy-sensitive two-year yield also rose to its highest in more than two years, closing in on 5%. US data releases later in the week, including the PCE price index on Wednesday ​and nonfarm payrolls on Friday, ​are both expected to support ⁠the case for further Fed rate hikes. Markets are now seeing a more than 70% chance of a rate hike from the Federal Reserve at the end of October, up from ​57% a week ago, according to CME Group’s FedWatch tool. Oil prices, a key indicator of currency parity, declined on Tuesday as investors focused on signs ​of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in ‌the region stemming from the US-Israeli war on Iran. Brent crude futures were down $1.96, or 1.86%, to $103.32 a barrel at 1306 GMT. US West Texas Intermediate crude was at $90.65, down $1.95, or 2.11%. Inter-bank market rates for dollar on Tuesday BID Rs 277.12 OFFER Rs 277.32 Open-market movement In the open market, the PKR gained 12 paise for buying and 8 paise for selling against USD, closing at 278.05 and 279.15, respectively. Against Euro, the PKR gained 76 paise for buying and 71 paise for selling, closing at 315.51 and 318.65, respectively. Against UAE Dirham, the PKR remained unchanged for buying and gained 2 paise for selling, closing at 75.70 and 76.28, respectively. Against Saudi Riyal, the PKR gained 1 paisa for buying and 2 paise for selling, closing at 74.02 and 74.52, respectively. Open-market rates for dollar on Tuesday BID Rs 278.05 OFFER Rs 279.15 [...]

PM Shehbaz seeks greater investment in Pakistan from global financial giants
September 29, 2026 2:39
PM Shehbaz seeks greater investment in Pakistan from global financial giants

Prime Minister Shehbaz Sharif on Tuesday sought greater investment in Pakistan from leading global financial institutions during a series of meetings with senior executives of Barclays, J.P. Morgan, Citi, BlackRock and Rothschild & Co in London, his office said. The meetings focused on Pakistan’s economic reform programme, investment opportunities, capital markets, trade finance and the expansion of financial services, according to the Prime Minister’s Office. During his meeting with Mohammad Kamal Syed, Head of Private Bank and Wealth Management UK at Barclays, the prime minister highlighted the government’s macroeconomic stabilisation measures and encouraged the bank to explore opportunities in Pakistan’s financial sector. In talks with a J.P. Morgan delegation led by Matthieu Wiltz, Co-CEO for EMEA, Shehbaz discussed greater cooperation in capital markets, trade finance and investment banking. The delegation reaffirmed its interest in Pakistan’s sovereign debt capital markets and corporate banking opportunities. The prime minister also met senior Citi officials led by Chief Client Officer David Livingstone and encouraged the bank to expand its corporate and institutional banking services in Pakistan. During a meeting with BlackRock representatives Gordon Fraser and Sam Vecht, Co-Heads of Emerging Markets and Frontiers, and Portfolio Manager and Research Analyst Emily Fletcher, Shehbaz invited the investment firm to increase allocations to Pakistani equities and fixed-income instruments under its frontier markets strategy. Both sides also highlighted the importance of policy consistency in strengthening investor confidence. In his meeting with Rothschild & Co representatives Lord Mark Sedwill, Chair of Geostrategic Advisory, and Majid Ishaq, Head of UK Investment Banking, the prime minister discussed Pakistan’s geo-economic priorities and potential advisory cooperation in capital markets and investment strategy. The executives of the financial institutions expressed confidence in Pakistan’s economic reform momentum and reaffirmed their commitment to deepening engagement with the country’s financial sector, according to the PM Office. The meetings form part of the government’s efforts to strengthen international investor confidence and attract sustained capital flows into Pakistan. Finance Minister Senator Muhammad Aurangzeb and Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission Muhammad Ali also attended the meetings. [...]

Iraqi Airways to resume Iran flights in October after securing 'special exemption'
September 29, 2026 2:16
Iraqi Airways to resume Iran flights in October after securing 'special exemption'

BAGHDAD: Iraqi Airways is preparing to resume flights to Iran in October, Iraq’s transport ministry said on Tuesday, following a suspension of flights amid US sanctions restricting services to Iranian airlines. The ministry said Iraq had secured a special exemption allowing Iraqi Airways to operate services to Iran. Iraq halted flights to and from Iran on Friday in line with US sanctions, and the government had sought exemptions for travel related to pilgrimage, medical treatment and education. The transport ministry said services next month would initially operate from the Shi’ite holy city of Najaf once regulatory and technical requirements were completed. A source in the Iraqi transport ministry said the exemption was provided by the US Treasury and would run for one month. The number of allowed flights has not yet been determined, the source said. Three Iraqi airports suspend Iranian flights starting Friday, sources and state media say The announcement comes after Reuters reported on Monday that the Trump administration was set to grant a one-month US Treasury waiver allowing Iraqi Airways to fly between Iran and Najaf, with a more permanent exemption potentially following. Baghdad had offered safeguards including passenger screening and information sharing, as well as measures to prevent the flights being used to transport weapons, sanctioned individuals or illicit money, a source with direct knowledge of the matter told Reuters. [...]

Sri Lankan shares fall as real estate, utilities stocks weigh
September 29, 2026 2:10
Sri Lankan shares fall as real estate, utilities stocks weigh

Sri Lankan shares closed lower on Tuesday, hurt by broad-based losses led by real estate and utilities stocks. The CSE All Share index settled down 0.60% at 20,817.82. York Arcade Holdings Plc and Serendib Land Plc were the top percentage losers on the CSE All Share index, falling 22.5% and 19.9%, respectively. Trading volume on the CSE All Share index rose to 69.6 million shares from 32.1 million in the previous session. The equity market’s turnover rose to 1.01 billion Sri Lankan rupees ($3.05 million) from 596 million rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 25.7 million rupees, while domestic investors were net sellers, selling shares worth 1.00 billion rupees, the data showed. [...]

The pioneer behind Pakistan's new era of automotive experiences
September 29, 2026 2:04
The pioneer behind Pakistan's new era of automotive experiences

Pakistan’s automotive industry doesn’t look like it did two years ago. New global brands have arrived. Electric mobility has gone from novelty to momentum. And as audiences become more discerning, they no longer show up just to see a car. They show up to experience what the brand stands for. That shift has turned launches into theatre. Product unveilings have become immersive brand experiences, built to engage, educate, and inspire. Few people have shaped that transformation as decisively as Hasan Daudpota, Founder & CEO of Keys Productions, an experience design agency shaping some of the country’s most talked-about live events. As the creative force behind some of Pakistan’s most prominent automotive launches, Hasan has helped rewrite the rules of how brands meet their audiences, through experience design, technology, and storytelling working in concert. As Pakistan’s auto sector expanded, Keys brought a new level of ambition to the category, creating automotive experiences designed to meet global standards while being built for the Pakistani audience. “Consumers today don’t just want to see a vehicle; they want to experience what the brand stands for,” he says. “The role of experiential design is to create that emotional connection before someone even gets behind the wheel.” The résumé backs up the philosophy. Over the past two years, Hasan and Keys Productions have delivered a run of high-profile automotive experiences, among them the Toyota Fortuner launch, Toyota Revo launch, Toyota Yaris launch, Dewan Shahzore launch, BYD Pakistan launch, BYD Shark 6 launch, Suzuki Every launch, BYD Atto 2 & Sealion 7 launch, Suzuki Fronx launch, BYD Sealion 6 launch, Kia Stonic launch, Master Deepal launch, and Chery Tiggo launch, alongside a steady stream of test drive events, customer engagement activations, plant events, and other brand collaborations. That range extends well beyond automotive. Keys Productions has also been behind some of the country’s biggest cuisine shows, award shows, corporate events, and music festivals, proof that the same rigor in design, technology, and storytelling travels across industries, not just cars. The defining moment came in 2024, with the BYD Pakistan launch, when BYD Global and its Pakistan partners chose to trust Keys Productions over the international options recommended by headquarters. That launch disrupted auto marketing in Pakistan entirely, proving that a global-standard experience could be built and executed locally. It didn’t go unnoticed: every major car brand studied it, and agencies across the industry began reaching out to understand how it was done. Across this body of work, what sets Hasan apart is a conviction that technology is a means, not a spectacle. He was making that argument before “experiential marketing” became an industry catchphrase, pushing for an integrated approach that fused design, innovation, storytelling, and human behavior into moments people actually remember. “Technology is most powerful when it enhances the experience without becoming the experience itself,” he says. That discipline has made Keys Productions one of the country’s leading experiential agencies, and put it at the center of a wider conversation about where experience design in Pakistan is headed. The journey hit an international marker in 2026, when Hasan led Keys Productions to become the first independent private Pakistani agency to represent itself at the Cannes Lions International Festival of Creativity. It was a milestone for the company, but also a statement for the industry: Pakistani creative talent can compete and win attention on a global stage. Hasan’s work has also taken him beyond Pakistan’s borders. He has previously spoken and presented at platforms including Burning Man, TED, the World Bank, and the World Business Dialogue, experiences that have shaped his approach to storytelling and design on home ground. Today, as automotive brands compete as much on experience as on product, Hasan Daudpota is among those defining what that competition looks like. His work points to something larger than any single launch: a Pakistan where creativity and experience design aren’t just locally admired but globally recognized. As the industry evolves, Hasan and Keys Productions aren’t chasing global trends, they’re helping set them. [...]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Christa Pike 'feels connection' with Lindsay Clancy ahead of her execution
September 29, 2026 8:56
Christa Pike 'feels connection' with Lindsay Clancy ahead of her execution

Christa Pike feels connection with Lindsay Clancy ahead of her executionSince Lindsay Clancy stood trial for killing her children in 2023, a seemingly sharp divide line was observed in American society.Some call for a tough punishment for the mom-of-three while others support her, identifying with... [...]

FBI faces internal criticism after hackers steal sensitive employee data
September 29, 2026 4:47
FBI faces internal criticism after hackers steal sensitive employee data

The FBI is assessing the fallout from a major data breach that exposed sensitive personal information belonging to thousands of current and former employees.According to CNN, cybercriminal group ShinyHunters allegedly breached an online portal containing information on FBI job applicants. Stolen... [...]

Argentina threatens UK with international legal action over Falkland Islands oil exploration
September 29, 2026 4:44
Argentina threatens UK with international legal action over Falkland Islands oil exploration

In a major update, Argentina has escalated its decades-long sovereignty dispute with the United Kingdom, giving London a strict two-week ultimatum to halt offshore oil exploration near the Falkland Islands.Shifting the political dynamic, Argentine President Javier Milei announced that his... [...]

Trump says ICE can arrest migrants without criminal records
September 29, 2026 4:29
Trump says ICE can arrest migrants without criminal records

Trump says ICE can arrest migrants without criminal records President Donald Trump has reaffirmed that Immigration and Customs Enforcement agents retain full authority to arrest and deport undocumented migrants without criminal records, pushing back against widespread internal confusion.The... [...]

Tennessee prepares to execute first female inmate in more than two centuries
September 29, 2026 4:20
Tennessee prepares to execute first female inmate in more than two centuries

Pike was 18 when she and her boyfriend, Tadaryl Shipp, were convicted in Slemmer’s killingTennessee is preparing to execute a woman for the first time in more than 200 years after Gov. Bill Lee declined to grant clemency to death row inmate Christa Pike.Pike, 50, is scheduled to die by... [...]

Estonia says Russia behind 'sabotage' attack on Ukraine defence supplier in Tallinn
September 29, 2026 3:50
Estonia says Russia behind 'sabotage' attack on Ukraine defence supplier in Tallinn

NATO and European leaders expressed support for Estonia following the accusationEstonia has accused Russian security services of ordering an arson attack on defence company Milrem Robotics, which supplies unmanned ground vehicles to Ukraine.According to The Guardian, a fire broke out on August 15... [...]

Russia's corporate crackdown widens with new message to EU businesses
September 29, 2026 3:42
Russia's corporate crackdown widens with new message to EU businesses

Russia’s corporate crackdown widens with new message to EU businessesA Russian corporate source, who also ​spoke on the condition of anonymity, accused European firms of deliberately stifling the development of their Russian units and ultimately harming the ⁠Russian economy.A... [...]

Ex-special counsel says he would prosecute Trump again based on same evidence
September 29, 2026 3:32
Ex-special counsel says he would prosecute Trump again based on same evidence

Ex-special counsel Jack Smith says he would prosecute Trump again based on same evidenceFormer US special counsel Jack Smith has told senators he “will not be silenced by continued threats of prosecution” as he defended the federal criminal cases he brought against President Donald... [...]

Trump's new Canada import bans take effect: Here's what is affected
September 29, 2026 2:50
Trump's new Canada import bans take effect: Here's what is affected

The restrictions cover some Canadian alcoholic beverages, dairy byproducts including whey, molasses and certain motorcyclesUS President Donald Trump’s import bans on selected Canadian goods took effect on Tuesday, marking another escalation in the ongoing Canada-US trade dispute.The... [...]

Fuel protests and high living costs ignite French political clash ahead of 2027 election
September 29, 2026 2:48
Fuel protests and high living costs ignite French political clash ahead of 2027 election

Fuel protests and high living costs ignite French political clash ahead of 2027 electionPersistent high fuel prices and growing social unrest have intensified political clashes across France.Persistent high fuel prices and growing social unrest have intensified political clashes across France.A... [...]

Pete Hegseth orders deeper cuts to generals and admirals in US military
September 29, 2026 2:33
Pete Hegseth orders deeper cuts to generals and admirals in US military

Hegseth has argued that reducing senior leadership would remove unnecessary bureaucracy US War Secretary Pete Hegseth is expected to announce plans to cut 20 percent of military positions reserved for generals and admirals as part of a major overhaul of senior leadership.According to memos... [...]

Who is Cornwell 7 'member' Scott Kretzchmar?
September 29, 2026 2:08
Who is Cornwell 7 'member' Scott Kretzchmar?

Social media has been flooded with posts about Cornell 7, a reference to seven suspects in a gang rape at Cornwell University fraternity house, after authorities announced to reopen investigation into the case.Some posts claimed that Scott Kretzschmar one of the Cornell 7 gang rapists is now a cop... [...]

Trump touts $15 billion 'Largest in History' US steel plant in Iowa
September 29, 2026 1:58
Trump touts $15 billion 'Largest in History' US steel plant in Iowa

Trump touts $15 billion 'Largest in History' US steel plant in IowaU.S. President Donald Trump has announced plans for a landmark $15 billion steel plant in Iowa, hailed as the largest manufacturing project of its kind in U.S. history. Built by Mesabi Metallics and fueled by domestic iron ore, the... [...]

Lindsay Clancy back in court for key hearing after mistrial
September 29, 2026 12:05
Lindsay Clancy back in court for key hearing after mistrial

Lindsay Clancy back in court for key hearing after mistrial Lindsay Clancy is set to appear in court on Tuesday before Plymouth Superior Court Judge William Sullivan for a crucial hearing. The key hearing was followed by a mistrial declared on September 4 after an 11-1 deadlock prevented a... [...]

Italy, Czech Republic push for softer EU carbon permit and energy rules
September 29, 2026 11:31
Italy, Czech Republic push for softer EU carbon permit and energy rules

Italy, Czech Republic push for softer EU carbon permit and energy rulesItaly and the Czech Republic are spearheading a joint push to overhaul European Union climate regulations, aiming to protect industrial competitiveness and curb rising energy costs.Ahead of the upcoming mid-October EU summit,... [...]

وزیراعظم شہباز شریف کا لندن اسٹاک ایکسچینج کا دورہ
September 29, 2026 7:09
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بیرسٹر عقیل ملک نے پی ٹی آئی لانگ مارچ ’تاریخ پر تاریخ‘ والا معاملہ قرار دیدیا
September 29, 2026 6:09
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September 29, 2026 5:09
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September 29, 2026 5:09
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ڈی ایچ اے کراچی کیلئے یومیہ 1 کروڑ گیلن پانی کے منصوبے کا سنگ بنیاد
September 29, 2026 5:09
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September 29, 2026 5:09
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سہیل آفریدی کا شوکت یوسفزئی کا خط ڈسٹ بن میں پھینکنے کا اعلان
September 29, 2026 4:09
سہیل آفریدی کا شوکت یوسفزئی کا خط ڈسٹ بن میں پھینکنے کا اعلان

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September 29, 2026 4:09
اسکردو، پولو ٹورنامنٹ فائنل میں سیاسی نعرہ لگانے والے کی درخواست ضمانت مسترد

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اسلام آباد میں ریسکیو، فائر بریگیڈ کیلئے 21 نئی گاڑیاں کراچی پہنچ گئیں
September 29, 2026 3:09
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September 29, 2026 3:09
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September 29, 2026 3:09
وزیراعظم کی لندن میں عالمی مالیاتی اداروں کے سینئر ایگزیکٹوز سے ملاقاتیں

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وزیراعظم شہباز شریف لندن سے پاکستان کیلئے روانہ
September 29, 2026 2:09
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نئے این ایف سی ایوارڈ کے اجراء کا معاملہ پشاور ہائیکورٹ پہنچ گیا، جواب طلب
September 29, 2026 2:09
نئے این ایف سی ایوارڈ کے اجراء کا معاملہ پشاور ہائیکورٹ پہنچ گیا، جواب طلب

عدالت عالیہ پشاور نے نیشنل فنانس کمیشن سے نئے ایوارڈ کے اجراء سے متعلق جواب طلب کرلیا۔پشاور ہائیکورٹ میں نیا این ایف سی ایوارڈ جاری... [...]

انکم ٹیکس گوشوارے جمع کروانے کا کل آخری دن، ڈیڈ لائن گزرنے پر بھاری جرمانے
September 29, 2026 2:09
انکم ٹیکس گوشوارے جمع کروانے کا کل آخری دن، ڈیڈ لائن گزرنے پر بھاری جرمانے

انکم ٹیکس گوشوارے جمع کروانے کا کل آخری دن ہے، ڈیڈ لائن گزرنے کے بعد گوشوارے جمع کروانے والوں پر بھاری جرمانے لگیں گے۔ذرائع کے... [...]

موجودہ گورننس ماڈل سے جان چھڑانا ضروری ہوگیا ہے، علی خورشیدی
September 29, 2026 2:09
موجودہ گورننس ماڈل سے جان چھڑانا ضروری ہوگیا ہے، علی خورشیدی

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ایران جنگ، یورپی یونین کا فیول امپورٹ بل 100 ارب یورو بڑھ گیا
September 29, 2026 6:09
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ایران پر امریکی و اسرائیلی حملوں سے شروع جنگ کے معاشی اثرات یورپی یونین کو متاثر کرنے لگے۔ ایندھن کی درآمد نہ بڑھانے کے باوجود یورپی... [...]

صومالیہ: قبضہ چھڑانے کیلئے آپریشن، قزاقوں نے آئل ٹینکر عملے کے 5 ارکان کو قتل کردیا
September 29, 2026 4:09
صومالیہ: قبضہ چھڑانے کیلئے آپریشن، قزاقوں نے آئل ٹینکر عملے کے 5 ارکان کو قتل کردیا

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September 29, 2026 4:09
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September 29, 2026 2:09
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September 29, 2026 2:09
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وزیر دفاع بنا تو یحییٰ سنوار سمیت تمام فلسطینی شہداء کی لاشیں جلادوں گا،اسرائیلی وزیر کی ہرزہ سرائی
September 29, 2026 2:09
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September 29, 2026 12:09
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نیویارک ٹائمز کا اعلیٰ عہدیدار ساس سسر کے ہاتھوں قتل، ملزمان گرفتار
September 29, 2026 9:09
نیویارک ٹائمز کا اعلیٰ عہدیدار ساس سسر کے ہاتھوں قتل، ملزمان گرفتار

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کیلیفورنیا: اسلامی تہواروں پر تعطیلات کو سرکاری قرار دیدیا گیا
September 29, 2026 9:09
کیلیفورنیا: اسلامی تہواروں پر تعطیلات کو سرکاری قرار دیدیا گیا

—فوٹو بشکریہ غیر ملکی میڈیاامریکی ریاست کیلیفورنیا میں اسلامی تہواروں عید الفطر اور عید الاضحیٰ کو سرکاری تعطیلات قرار دے دیا... [...]

ایرانی قونصل خانے نے سفارتی پیغام دینے کیلئے فلم ’باہوبلی‘ کا ویڈیو کلپ شیئر کر دیا
September 29, 2026 9:09
ایرانی قونصل خانے نے سفارتی پیغام دینے کیلئے فلم ’باہوبلی‘ کا ویڈیو کلپ شیئر کر دیا

— فوٹو اسکرین گریب ایران کے قونصل خانے نے سفارتی پیغام دینے کے لیے بھارتی سنیما کی مشہور فلم ’باہوبلی: دی بگننگ‘ کا ویڈیو کلپ شیئر... [...]

بھارتی گاہکوں کے ساتھ کاروبار کرنا مشکل ہے: چینی تاجر کا انکشاف
September 29, 2026 9:09
بھارتی گاہکوں کے ساتھ کاروبار کرنا مشکل ہے: چینی تاجر کا انکشاف

—سوشل میڈیا ویڈیو گریبچینی تاجر نے بھارتی گاہکوں کے ساتھ کاروبار کرنے میں پیش آنے والی مشکلات بیان کر کے سوشل میڈیا پر نئی بحث چھیڑ... [...]

نئی ڈیڈ لائن سے پہلے امریکا اپنی پیشگوئیوں کی ’ایکسپائری ڈیٹ‘ دیکھ لے: فاطمہ مہاجرانی
September 29, 2026 8:09
نئی ڈیڈ لائن سے پہلے امریکا اپنی پیشگوئیوں کی ’ایکسپائری ڈیٹ‘ دیکھ لے: فاطمہ مہاجرانی

ایرانی حکومت کی ترجمان فاطمہ مہاجرانی---فائل فوٹوایرانی حکومت کی ترجمان فاطمہ مہاجرانی نے امریکی صدر ڈونلڈ ٹرمپ کے تازہ بیانات پر... [...]

جزائر ابو موسیٰ، تنبِ بزرگ اور تنبِ کوچک ایران کا حصہ ہیں: کاظم غریب آبادی
September 29, 2026 8:09
جزائر ابو موسیٰ، تنبِ بزرگ اور تنبِ کوچک ایران کا حصہ ہیں: کاظم غریب آبادی

ایرانی نائب وزیرِ خارجہ کاظم غریب آبادی — فائل فوٹوایرانی نائب وزیرِ خارجہ کاظم غریب آبادی نے کہا ہے کہ خلیج فارس میں واقع جزائر ابو... [...]

سعودی عرب و امریکا میں یمن اور آبنائے ہرمز کی سیکیورٹی پر اہم گفتگو
September 29, 2026 8:09
سعودی عرب و امریکا میں یمن اور آبنائے ہرمز کی سیکیورٹی پر اہم گفتگو

---فوٹو بشکریہ بین الاقوامی میڈیا امریکی وزیرِ خارجہ مارکو روبیو اور سعودی وزیرِ خارجہ شہزادہ فیصل بن فرحان نے واشنگٹن میں ملاقات کی... [...]

شہری کا موبائل چھین کر دریا میں پھینکنے پر وزیرِ اعظم ہنگری کا پارلیمانی استثنیٰ ختم
September 29, 2026 7:09
شہری کا موبائل چھین کر دریا میں پھینکنے پر وزیرِ اعظم ہنگری کا پارلیمانی استثنیٰ ختم

— فائل فوٹو ہنگری کی پارلیمنٹ نے شہری کا موبائل فون چھین کر دریا میں پھینکنے کے الزام پر وزیرِ اعظم پیٹر ماگیار کا پارلیمانی استثنیٰ... [...]

اسٹاک ایکسچینج میں آج کاروبار کا منفی دن، 100 انڈیکس میں 825 پوائنٹس کی کمی
September 29, 2026 2:09
اسٹاک ایکسچینج میں آج کاروبار کا منفی دن، 100 انڈیکس میں 825 پوائنٹس کی کمی

فوٹو: فائلپاکستان اسٹاک ایکسچینج میں کاروبار کا آج منفی دن رہا جہاں 100 انڈیکس میں 825 پوائنٹس کی کمی ہوئی۔پی ایس ایکس بینچ مارک 100... [...]

ملک میں ایک تولہ سونے کی قیمت 800 روپے کم ہوگئی
September 29, 2026 11:09
ملک میں ایک تولہ سونے کی قیمت 800 روپے کم ہوگئی

ملک میں کاروباری ہفتے کے مسلسل دوسرے روز سونے کی قیمت میں کمی ہوگئی۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق ملک میں... [...]

پاکستان اور آئی ایم ایف کے درمیان مذاکرات کا آغاز
September 29, 2026 6:09
پاکستان اور آئی ایم ایف کے درمیان مذاکرات کا آغاز

---فائل فوٹوپاکستان اور عالمی مالیاتی فنڈ کے درمیان ای ایف ایف پروگرام کے چوتھے جائزے کے مذاکرات کا آغاز ہو گیا۔وزارتِ خزانہ کے... [...]

سعودی عرب میں ینبع سے تیل کی ترسیل بحال، روزانہ 2 ملین بیرل لوڈنگ شروع
September 29, 2026 6:09
سعودی عرب میں ینبع سے تیل کی ترسیل بحال، روزانہ 2 ملین بیرل لوڈنگ شروع

---فائل فوٹو سعودی عرب نے یمنی حوثیوں کے حملے کے بعد مشرقی مغربی تیل پائپ لائن کی بحالی کے ساتھ بحیرۂ احمر کی بندرگاہ ینبع سے خام تیل... [...]

تیل کی قیمت 106 ڈالرز فی بیرل کے قریب پہنچ گئی
September 29, 2026 3:09
تیل کی قیمت 106 ڈالرز فی بیرل کے قریب پہنچ گئی

---فوٹو بشکریہ عرب میڈیامشرقِ وسطیٰ میں تیل کی فراہمی متاثر ہونے کے خدشات کے باعث عالمی منڈی میں تیل کی قیمتیں مسلسل دوسرے سیشن میں... [...]

پی ایس ایکس: 100 انڈیکس میں 339 پوائنٹس کی کمی
September 28, 2026 2:09
پی ایس ایکس: 100 انڈیکس میں 339 پوائنٹس کی کمی

فوٹو: فائلپاکستان اسٹاک ایکسچینج میں آج کاروبار کا ملا جلا رجحان رہا جہاں 100 انڈیکس میں 339 پوائنٹس کی کمی ہوئی۔ پی ایس ایکس بینچ... [...]

سونے کی قمیت میں آج بڑی کمی ہو گئی
September 28, 2026 9:09
سونے کی قمیت میں آج بڑی کمی ہو گئی

---فائل فوٹوامریکی شرح سود میں اضافے کی توقعات پر عالمی اور علاقائی مارکیٹ میں سونے کی قیمت مزید کم ہو گئی۔آل پاکستان صرافہ جیمز اینڈ... [...]

امن معاہدہ مسترد، عالمی منڈی میں خام تیل کی قیمتوں میں اضافہ
September 28, 2026 3:09
امن معاہدہ مسترد، عالمی منڈی میں خام تیل کی قیمتوں میں اضافہ

---فائل فوٹوایشیاء میں کاروبار کے آغاز پر عالمی منڈی میں خام تیل کی قیمتوں میں 1 فیصد سے زائد اضافہ ہو گیا۔ عالمی مارکیٹ میں تیل کی... [...]

پاکستان اور آئی ایم ایف کے درمیان آج سے باقاعدہ مذاکرات شروع ہوں گے
September 27, 2026 8:09
پاکستان اور آئی ایم ایف کے درمیان آج سے باقاعدہ مذاکرات شروع ہوں گے

پاکستان اور آئی ایم ایف کے درمیان آج سے باقاعدہ مذاکرات شروع ہوں گے، وزارت خزانہ کے مطابق آئی ایم ایف کا وفد اسلام آباد پہنچ گیا... [...]

آئی ایم ایف کو چینی کا شعبہ ڈی ریگولیٹ نہ کرنے کی وجوہات سے آگاہ کیا جائے گا، مذاکرات کل شروع ہوں گے
September 27, 2026 1:09
آئی ایم ایف کو چینی کا شعبہ ڈی ریگولیٹ نہ کرنے کی وجوہات سے آگاہ کیا جائے گا، مذاکرات کل شروع ہوں گے

فائل فوٹو پاکستان اور آئی ایم ایف کے درمیان باقاعدہ مذاکرات کل شروع ہوں گے، وزارت خزانہ کے ذرائع بتاتے ہیں کہ پاکستان کی طرف سے ساورن... [...]

ملک میں ایک تولہ سونے کا بھاؤ 2100 روپے کم ہوگیا
September 26, 2026 12:09
ملک میں ایک تولہ سونے کا بھاؤ 2100 روپے کم ہوگیا

امریکی شرح سود میں اضافے کی توقعات پر سونے کے بھاؤ میں کمی ہوگئی۔ آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق عالمی... [...]

پاکستان اسٹاک ایکسچینج: کاروباری ہفتے میں ملا جلا رجحان
September 26, 2026 4:09
پاکستان اسٹاک ایکسچینج: کاروباری ہفتے میں ملا جلا رجحان

—فائل فوٹوپاکستان اسٹاک ایکسچینج کی ہفتہ وار اپ ڈیٹس سامنے آ گئیں۔پاکستان اسٹاک ایکسچینج میں اس کاروباری ہفتے میں ملا جلا رجحان... [...]

اگلے 3 روز کیلئے پیٹرول مہنگا، ڈیزل سستا کردیا گیا
September 25, 2026 6:09
اگلے 3 روز کیلئے پیٹرول مہنگا، ڈیزل سستا کردیا گیا

وفاقی حکومت نے اگلے تین روز کیلئے پیٹرولیم مصنوعات کی قیمتوں میں رد و بدل کردیا۔پیٹرولیم ڈویژن نے 28 ستمبر تک کیلئے قیمتوں کا... [...]

پی ایس ایکس: کاروبار کا ملا جلا دن، 100 انڈیکس میں 266 پوائنٹس کا اضافہ
September 25, 2026 2:09
پی ایس ایکس: کاروبار کا ملا جلا دن، 100 انڈیکس میں 266 پوائنٹس کا اضافہ

پاکستان اسٹاک ایکسچینج میں آج کاروبار کا ملا جلا دن رہا جہاں 100 انڈیکس میں 266 پوائنٹس کا اضافہ ہوا۔ پی ایس ایکس بینچ مارک 100 انڈیکس... [...]

ملک میں ایک تولہ سونا پھر ساڑھے چار لاکھ سے اوپر چلا گیا
September 25, 2026 2:09
ملک میں ایک تولہ سونا پھر ساڑھے چار لاکھ سے اوپر چلا گیا

فوٹو: فائلملک میں فی تولہ سونے کا بھاؤ دوبارہ ساڑھے چار لاکھ سے اوپر چلا گیا۔ آل پاکستان جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق آج ملک... [...]

Medicare Advantage plans will be cheaper next year. Here’s the new cost.
September 29, 2026 8:57
Medicare Advantage plans will be cheaper next year. Here’s the new cost.

Medicare beneficiaries can change their coverage during open enrollment, which begins Oct. 15. [...]

Nvidia’s historic buyback announcement underscores a sharp divide in Big Tech
September 29, 2026 8:52
Nvidia’s historic buyback announcement underscores a sharp divide in Big Tech

Nvidia is expanding its buyback program to $235 billion while Alphabet and Meta halt repurchases and reallocate money to their AI initiatives. [...]

‘I have $400,000 in equity’: I’m 80. Should I sell my house because of dangerous stairs — or spend thousands renovating?
September 29, 2026 8:30
‘I have $400,000 in equity’: I’m 80. Should I sell my house because of dangerous stairs — or spend thousands renovating?

“Generally, the advice I’ve read says not to sell because I have a low-interest-rate mortgage.” [...]

Traders expecting a back-to-back rate hike from the Fed in October may have gotten ahead of themselves
September 29, 2026 8:13
Traders expecting a back-to-back rate hike from the Fed in October may have gotten ahead of themselves

New York Fed’s John Williams says “there is no need for urgency” after the central bank’s September hike. [...]

‘I’m never selling’: I’m 47 and buy bitcoin with every dollar I earn. Am I crazy?
September 29, 2026 8:00
‘I’m never selling’: I’m 47 and buy bitcoin with every dollar I earn. Am I crazy?

“When my paycheck lands, it takes a detour through bitcoin.” [...]

The real prize in AMD’s $8 billion World Labs acquisition isn’t what you’d think
September 29, 2026 7:34
The real prize in AMD’s $8 billion World Labs acquisition isn’t what you’d think

AMD is getting cutting-edge spatial-intelligence models, but more importantly, a leader who can help recruit top talent and bring real-world AI applications into focus. [...]

My kids don’t want my decades’ worth of stuff. Here’s how I’m learning to let go of it.
September 29, 2026 7:02
My kids don’t want my decades’ worth of stuff. Here’s how I’m learning to let go of it.

Maybe pictures can be worth a thousand words. [...]

I’m in my 50s. My mother died from Alzheimer’s. Do I need long-term-care insurance?
September 29, 2026 6:55
I’m in my 50s. My mother died from Alzheimer’s. Do I need long-term-care insurance?

“By the time my mother died, the insurance company had paid out almost $600,000.” [...]

OpenAI launches a rival to Meta’s Muse, as the battle for AI agents kicks into high gear
September 29, 2026 6:34
OpenAI launches a rival to Meta’s Muse, as the battle for AI agents kicks into high gear

Personal AI assistants are shaping up to be the new frontier for tech companies. [...]

Good news for OpenAI is great news for Oracle’s stock — here’s why
September 29, 2026 6:28
Good news for OpenAI is great news for Oracle’s stock — here’s why

Wall Street is cheering AI stocks as OpenAI gets closer to a revenue milestone. [...]

Nvidia’s historic buyback announcement underscores a sharp divide in Big Tech
September 29, 2026 9:02
Traders expecting back-to-back Fed rate hikes may have gotten ahead of the game
September 29, 2026 8:31
U.S. stocks end down, but off lows, as Fed's Williams says rate hikes can wait
September 29, 2026 8:06
Nasdaq bounces into green in final hour of trading as stocks pare losses — live
September 29, 2026 7:08
OpenAI launches rival to Meta’s Muse, as battle over AI agents kicks into gear
September 29, 2026 6:45
Could SpaceX be worth $12 trillion one day? Citi says Starship gets it closer.
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Job openings are low, hiring is weak: The U.S. labor market won’t improve soon
September 29, 2026 3:39
Nasdaq opens higher as chip stocks lead; oil, bond yields hold steady
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Economic calendar: data on home prices, consumer confidence and job openings
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Oura postpones IPO, citing market uncertainty: markets live
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Jobless claims fall to lowest level since mid-May
July 3, 2025 12:36
Jobless claims stay low in latest week
February 13, 2025 1:33
Consumer credit growth soars in December
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U.S. productivity slows down in fourth quarter while unit labor costs accelerate
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Beyond to buy rights to Buy Buy Baby brand and reunite it with Bed Bath & Beyond
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Amazon says it had best-ever Thanksgiving Holiday week with record sales and number of items sold
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U.S. stock futures and bond yields drop on reports Putin has updated nuclear doctrine
November 19, 2024 8:55
Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal
November 13, 2024 1:52
General Motors unveils new all-electric Cadillac called the Vistiq with 300-mile range
November 12, 2024 1:53
Vestas Wind Systems stock slumps as company says margins to be at low end of guidance
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