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Kroger trims sales target as shoppers pull back, sticks to profit forecast
Kroger trims sales target as shoppers pull back, sticks to profit forecast
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🇵🇰 Pakistan — Business News
Breaking news and today's biggest headlines from Pakistan — politics, business, sport and everyday life, gathered every hour from the country's trusted newsrooms. Every story links straight to the original publisher, free and ad-free.
Petrol price hiked again as OGRA issues notification
Petrol price hiked again as OGRA issues notification
Govt hikes petrol by Rs5.02, diesel by Rs5.28 for fifth straight review
The government continued to raise petrol and high-speed diesel (HSD) prices at its final review of the week on Friday, increasing them by Rs5.02 and R…
Oil falls but on track for sharp weekly gain on supply concerns; US diesel hits record high
HOUSTON: Oil prices fell on Friday but remained on course for a weekly gain of more than 9%, while U.S. diesel prices hit a record high as attacks alo…
Rs.5014.919 million olive cultivation program approved in Pakistan
Rs.5014.919 million olive cultivation program approved in Pakistan
Investment in local, global stocks gains momentum in Pakistan
Investment trends in Pakistan are changing rapidly, with growing interest among young people in the local as well as global stocks, reflecting rising …
Pakistan rupee registers gain against US dollar
The Pakistani rupee extended its marginal gains, appreciating 0.01%, against the US dollar in the interbank market on Friday. The local unit closed th…
Pakistan greenlights $200m ADB loan despite questions over digitalisation project
ISLAMABAD: Pakistan on Friday greenlit another $200 million (Rs57bn) loan from the Asian Development Bank (ADB) for digitalisation, despite serious qu…
Amazon Pay plans to expand insurance offerings in broader financial services push in India
MUMBAI: Amazon Pay India is considering expanding its insurance offerings to include travel insurance and other products, CEO Vikas Bansal said on Fri…
UAE shares gain as regional conflict fuels oil supply concerns
UAE stock markets closed higher on Friday, with Dubai outperforming its regional peer, supported by a sharp weekly rise in oil prices as attacks on ke…
India partially cancels debt sale for first time in a year as rates spike
MUMBAI: In what market participants are seeing as an early indication from Indian authorities on interest rates, the central bank partially canceled a…
Indian central bank likely intervenes to defend rupee as oil prices climb, traders say
MUMBAI: The Reserve Bank of India likely intervened in the foreign exchange market on Friday to limit the rupee’s fall as a run-up in oil prices and U…
PSX: buying returns, KSE-100 gains nearly 1% on hopes of easing Middle East tensions
It was a tale of two halves at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index recovering sharply from early-session losses to clo…
Basic materials, industrials lift Sri Lankan shares higher
Sri Lankan shares closed higher on Friday, after four sessions of losses, led by basic materials and industrials stocks. The CSE All-Share index settl…
India's FX reserves surge $45 billion on-week to hit record high on robust capital flows
MUMBAI: India’s FX reserves climbed to a record high of $785.7 billion in the week to September 4, central bank data showed on Friday, lifted by a wav…
US diesel hits record high
US diesel hits record high
Bangladesh to develop two new LNG import terminals by 2030
Bangladesh plans to commission a new floating storage and regasification unit by 2028 to import liquefied natural gas (LNG), a government minister sai…
Palm hits two-week low on rising stocks
KUALA LUMPUR: Malaysian palm oil futures slipped to their lowest close in two weeks on Friday, as rising stockpiles dragged prices, though concerns ov…
Indian rupee sees sharpest weekly drop in four months on oil worries
MUMBAI: The Indian rupee slipped on Friday and fell over 1% week-on-week as a sharp rise in oil prices pressured Indian markets, though the central ba…
India stocks log fifth weekly loss as oil fears grip markets
India’s equity benchmarks fell for a fifth consecutive week on Friday, as the escalating Middle East conflict pushed crude oil prices higher, raising …
Bond sales, FX swaps among RBI's options to drain excess liquidity, governor tells
MUMBAI/BENGALURU: The Reserve Bank of India is not taking any tools off the table to manage liquidity and keep the overnight rate aligned with the key…
India needs forum for tech firms to engage foreign regulators, finance minister says
MUMBAI: India should develop a forum that brings its technology companies together to engage with foreign governments and regulators in a coordinated …
Gold, silver prices decline in Pakistan
Gold, silver prices decline in Pakistan
Oracle shares rise as AI cloud backlog beats estimates
Oracle shares rise as AI cloud backlog beats estimates
Rs40,000 prize bond results announced
Rs40,000 prize bond results announced
Gold loses Rs5,600 per tola in Pakistan amid global market losses
Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs45…
European stocks rise but head for sharp weekly declines
European stocks edged higher on Friday but looked on course for their worst weekly performance since April as high bond yields and fears about aggress…
Unilever says it is ahead of target in capturing P&G’s vacuum in Pakistan
Unilever Pakistan, one of the country’s largest FMCG companies, says it is running ahead of its internal targets in capturing the market space left be…
IMF mission to visit Pakistan ‘in coming weeks’ for next review
The International Monetary Fund (IMF) is expected to send a mission to Pakistan in the coming weeks for the next review of the $7-billion Extended Fun…
Rs 25000 Prize Bond results announced
Rs 25000 Prize Bond results announced
Australian shares head for worst week in six months, miners lose lustre
Australian shares declined for the fourth straight session on Friday in broad-based weakness led by heavyweight miners, while traders focused on infla…
Japan's Nikkei slumps as Fed hike bets, soaring oil weigh
TOKYO: Japan’s Nikkei slumped on Friday amid renewed concerns over US rate hikes and a surge in oil prices that fuelled inflation worries. The benchma…
Australian dollar suffers setback, yields spike to 15-year peak
SYDNEY: The Australian and New Zealand dollars came under pressure on Friday as a spike in oil prices slugged risk assets and convinced investors that…
Palm rebounds on firm Dalian soyoil, crude; set for second weekly gain
KUALA LUMPUR: Malaysian palm oil futures rebounded on Friday, on track for a second straight weekly gain, supported by firmer rival Dalian soyoil and …
Thai baht/US dollar slightly weaker on Friday
BANGKOK: The Thai baht slightly weakened against the US dollar on Friday. At 0255 GMT, the baht was 0.09% lower at 33.14 versus the dollar, after trad…
SE Fruits and Vegetable secures SECP approval for IPO
SE Fruits and Vegetable Limited, a Punjab-based exporter of mangoes, citrus and potatoes, has received approval from the Securities and Exchange Commi…
Chicago soybeans edge lower after notching 3-year high on China demand
BEIJING: Chicago soybean futures edged lower on Friday after notching life-of-contract highs in the last session amid China’s purchase of US beans bef…
Copper set to snap 10-week winning streak on White House tariff hesitation
Copper was set to snap a 10-week winning streak, despite a marginal Friday rise, after Reuters reported that the White House had yet to decide on refi…
Rupee to hold at Rs278/USD in 2026 as Pakistan’s FX buffers improve: BMI
BMI, a Fitch Solutions Company, has pushed back its forecast for a depreciation of the Pakistani rupee to 2027, revising its end-2026 projection to Rs…
Pakistan urges Hong Kong to resume Cathay Pacific flights
Pakistan has urged Hong Kong to explore the resumption of Cathay Pacific flights to the country, saying improved air connectivity could help boost tra…
Global bonds buckle as surging oil prices inflame inflation risks
Global bonds buckle as surging oil prices inflame inflation risks
Business community urges govt to review PDL, daily fuel pricing
https://www.dawn.com/news/2029000
Vessel carrying Qatari LNG arrives at Port Qasim
KARACHI: A cargo ship carrying around 82,000 tonnes of liquefied natural gas (LNG) from Qatar arrived in Pakistan through the near-closed Strait of Ho…
SBP forex reserves surge $1.2bn
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves surged by $1.2 billion to $18.328bn during the week ended on Sept 4. The central…
Equities plunge below 169,000 on panic-selling
KARACHI: Bearish sentiment dominated the Pakistan Stock Exchange (PSX) on Thursday, pushing the benchmark index below 169,000 amid widespread panic se…
FBR allowed to retain Rs390bn in refunds, Senate committee told
ISLAMABAD: Amid complaints of inordinate delays in the processing of tax refunds on various pretexts, the Federal Board of Revenue (FBR) on Thursday t…
Pakistan, Portugal agree to strengthen cooperation in olive sector
Pakistan, Portugal agree to strengthen cooperation in olive sector
Petrol price hiked again, consumers face fresh blow
Petrol price hiked again, consumers face fresh blow