StayTunedBreaking🔍

Business

610 stories · Page 13 of 21

Business📍 MIDDLE EAST / INDIA

Middle East Conflict Squeezes Aluminium Scrap Supplies to India

The ongoing Middle East conflict is severely disrupting aluminium scrap supplies to India's producers, pushing up production costs and threatening to reduce output in a sector that relies heavily on recycled material inputs from the Gulf and broader regional supply chains. Indian aluminium manufacturers have been reporting significant delays and shortfalls in scrap deliveries as shipping routes through conflict-affected zones face operational uncertainty, port congestion, and elevated insurance premiums.

Business📍 INDIA / MIDDLE EAST

Reliance Industries Results Reflect Real Economic Cost of Iran War

Reliance Industries' latest quarterly results are being read by analysts as an unfiltered indicator of the real economic damage inflicted by the Iran war on major energy and industrial conglomerates, offering one of the clearest corporate windows yet into the conflict's financial toll. Reliance, India's largest private sector corporation and a major refiner, has significant exposure to Middle Eastern crude supply chains, petrochemical feedstocks, and energy logistics corridors that have been disrupted by the ongoing hostilities.

Business📍 PAKISTAN

Finance minister rules out further bilateral financing after Saudi inflows

Finance Minister Muhammad Aurangzeb has stated that Pakistan has no current plans to seek additional bilateral financing, following the recent receipt of funds from Saudi Arabia, signalling that Islamabad considers its near-term external financing requirements sufficiently covered. The minister's remarks indicate a degree of confidence in Pakistan's external account position at a time when the government has been managing a delicate balance between IMF programme commitments and bilateral inflows from allied Gulf states.

Business📍 GLOBAL

OpenAI Growth Stumble Report Drags Down Global AI Stocks

Reports of a growth stumble at OpenAI rattled artificial intelligence-linked stocks across global markets on Tuesday, triggering a broad sell-off in technology equities as investors reassessed the near-term revenue trajectory of leading AI companies. The reports raised questions about whether the pace of AI monetisation can sustain the lofty valuations that have driven the sector's rally over the past two years.

Business📍 JAPAN

Japanese Bond Yields Near 29-Year High Ahead of BOJ Decision

Benchmark Japanese government bond yields rose toward their highest level in 29 years on Tuesday as markets positioned ahead of a closely watched Bank of Japan policy decision, with investors pricing in growing pressure for a rate increase despite the central bank's historically cautious stance. The Bank of Japan ultimately kept its policy rate steady, but three board members dissented and called for an immediate hike, a development that rattled currency and equity markets.

Business📍 FRANKFURT

ECB Expected To Hold Rates Steady Amid Iran Crisis Uncertainty

The European Central Bank is widely expected to hold its benchmark interest rates steady at its upcoming meeting as policymakers keep a close eye on the escalating Iran crisis and its potential implications for European inflation, energy supply, and economic growth. The decision to pause any further rate adjustment reflects the ECB's assessment that the current external risk environment warrants caution.

Business📍 MUMBAI / NEW JERSEY

Sun Pharma To Acquire Organon In $11.75 Billion Pharma Deal

India's Sun Pharmaceutical Industries has announced a definitive agreement to acquire Organon, the American pharmaceutical company, in a transaction valued at approximately $11.75 billion. The deal represents one of the largest cross-border pharmaceutical acquisitions involving an Indian company and significantly expands Sun Pharma's global footprint in women's health, biosimilars, and established branded medicines.

Business📍 PAKISTAN

KAPCO And Fauji Cement Acquire 92% Controlling Stake In Attock Cement

Kot Addu Power Company (KAPCO) and Fauji Cement have jointly acquired a 92.03 percent controlling stake in Attock Cement, marking one of the more significant corporate consolidation transactions in Pakistan's industrial sector in recent months. The deal reshapes the ownership structure of one of the country's established cement manufacturers and signals an appetite for strategic industrial investment among major Pakistani conglomerates.

Business📍 KARACHI

PSX Sells Off As Stalled Iran-US Talks Dent Market Sentiment

Pakistan Stock Exchange witnessed a wave of selling pressure on Monday as the stalling of US-Iran nuclear talks dampened investor sentiment and triggered a risk-off response across domestic equity markets. Traders and institutional investors reduced positions amid concerns that a prolonged Iran crisis could translate into higher oil prices, import cost pressures, and broader economic uncertainty for Pakistan.

Business📍 KARACHI

Karachi Port Trust Announces Major Storage Charge Waivers

The Karachi Port Trust has announced substantial waivers on storage charges at its terminal facilities, a relief measure that is expected to ease financial pressure on importers and traders who have faced mounting demurrage costs amid congestion and clearance delays at the country's busiest port. The waivers cover multiple terminal operators under the KPT umbrella and apply retroactively to qualifying cargo.

Business📍 PAKISTAN / EUROPEAN MARKETS

Pakistani Exports to Europe Slow Amid Middle East Conflict Disruption

Pakistani exports to major European markets have registered a notable slowdown, with the ongoing Middle East conflict identified as a key disruptive factor despite Pakistan's continued eligibility under the European Union's Generalised Scheme of Preferences Plus, commonly known as GSP+. The trade deceleration signals mounting pressure on Pakistan's external account at a time when export performance remains critical to meeting IMF programme benchmarks.

Business📍 PAKISTAN

Power Division Urges NEPRA to Scrap Solar Licence Fee Below 25kW

The Power Division has formally requested the National Electric Power Regulatory Authority (NEPRA) to abolish the licence requirement and associated fees for solar consumers operating systems of 25 kilowatts and below, in a move that could significantly lower barriers to residential and small commercial solar adoption across Pakistan. The proposal, if accepted by NEPRA, would remove a procedural layer that consumer advocates and industry stakeholders have long criticised as an unnecessary impediment to the growth of distributed solar generation.

Business📍 PAKISTAN

POL Price Hike Sparks Industry Alarm Over Rising Production Costs

Pakistani traders and industrialists have raised sharp concerns over the latest upward revision in petroleum product prices, warning that the hike will drive production costs significantly higher across the manufacturing and transport sectors. The price increase, implemented despite a decline in ex-refinery rates, has drawn criticism from industry associations who argue that the adjustment reflects the government's effort to recover revenue rather than a genuine market-based correction.

Business📍 PAKISTAN

PAA Reverses Illegal Export Cargo Surcharge After PMO Intervention

The Pakistan Airports Authority has overturned an export cargo surcharge that industry bodies had flagged as illegal and commercially damaging, following direct intervention by the Prime Minister's Office, which ordered a review of the contested levy. The surcharge, imposed on air cargo exports, had drawn strong objections from exporters and freight forwarders who argued it was applied without legal basis and inflated the cost of air freight at a time when Pakistan's export competitiveness is under significant pressure.

Business📍 LAHORE, PUNJAB

Punjab to Export One Million Livestock as Maryam Nawaz Signs Seven MoUs

Chief Minister Punjab Maryam Nawaz signed memoranda of understanding with seven entities on Saturday as part of an initiative to export one million head of livestock from Punjab, in what officials described as a flagship provincial push to generate foreign exchange earnings through the agriculture sector. The MoUs cover livestock supply, logistics, veterinary certification, and international trade facilitation agreements.

Business📍 PAKISTAN

Pakistan Imported 50GW Solar Panels Worth $18 Billion in Five Years

Pakistan imported solar panels with a cumulative capacity of 50 gigawatts valued at approximately 18 billion US dollars over the past five years, according to a new study released on Saturday. The figure places Pakistan among the largest solar panel importers globally in relative terms and reflects a dramatic shift in the country's energy consumption behaviour driven by grid unreliability and high electricity tariffs.

Business📍 PAKISTAN

Pakistan Secures Three Bids for Spot LNG Cargo Procurement

Pakistan has received three competitive bids for the procurement of spot liquefied natural gas cargoes, in a development that reflects the country's continued efforts to secure adequate energy supplies through the global LNG market. The tendering process for spot LNG cargoes is a routine but critical mechanism used by Pakistan to bridge gaps in its domestic gas supply, particularly during periods of elevated demand.

Advertisement