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MARKETSRBI's forward dollar sales surge to record $200 billion in August
The RBI's forward dollar sales reached a record $200 billion in August, a scale of intervention that shows how hard the central bank is working to keep the rupee steady.
- NEWS
Loblaw notifies about two million Canadians over March data breach
Loblaw is contacting about two million Canadians affected by a March data breach, offering details of what leaked and complimentary credit monitoring through TransUnion.
NEWSIMF forecasts 1.3% output contraction for Middle East, North Africa and Pakistan in 2026
The IMF expects the region's output to shrink 1.3% this year on war-related disruption to energy, shipping and trade, then rebound to 6.6% growth in 2027, with risks still tilted to the downside.
NEWSPakistan's 5G rollout reaches 1,782 sites across 24 cities
Jazz accounts for 1,015 of the deployed 5G sites, with Zong on 640 and Ufone on 127, while the cheapest compatible handset at about Rs36,000 keeps adoption costly.
NEWSMeezan Bank to host in-house Focus Group using UNIDO's EDIP methodology
Meezan Bank has signed exchanges of letters with UNIDO-ITPO Bahrain and ICEI to set up an in-house unit offering non-financial advisory services to startups, women and youth entrepreneurs and MSMEs.
- NEWS
Zardari visits Saudi-Pak Real Estate Expo in Lahore
President Asif Ali Zardari visited the Saudi Pakistan Real Estate Expo at Lake City, Lahore, where Saudi firms are showcasing Makkah and Madinah projects and exploring investment in Pakistan's property sector.
- NEWS
Coinbase to convert GYEN balances as yen stablecoin winds down
Coinbase will convert customers' remaining GYEN into USDC from Oct. 26 as issuer GMO Trust closes its 180-day redemption window on Nov. 11, ending a stablecoin dogged by litigation.
- NEWS
Circle shareholder sues Trump over UAE crypto deals and $82m in revenue
A former Circle employee claims a $2bn MGX investment settled in Trump-linked USD1 diverted business from USDC, worth $70m-$82m a year in reserve income.
NEWSRupee edges up one paisa against dollar in interbank trading
The rupee closed at Rs 276.85 to the dollar, a one-paisa gain, while the euro and sterling strengthened against the local currency, according to the State Bank of Pakistan.
NEWSGold falls Rs2,500 per tola in Pakistan as international prices slip
APGJSA data show gold at Rs422,036 per tola on Saturday after a Rs7,000 drop the previous day, with 10-gram gold at Rs361,827 and silver down Rs7 to Rs5,858.
MARKETS169,770 ether left exchanges in a day as US ETF outflows pass $1 billion
Santiment recorded the largest daily ether exchange withdrawal in over four months on Oct. 23, even as spot Ethereum ETFs bled more than $1 billion in October.
MARKETSEarnings flood and Fed meeting to test AI-driven market rally
A heavy week of corporate earnings and a Federal Reserve policy meeting will test a rally widely attributed to artificial intelligence enthusiasm, according to the source.
POLICY & REGULATIONPAAPAM urges review of draft auto policy over tariff and jobs concerns
The auto parts association has asked Prime Minister Shehbaz Sharif to revisit the draft Auto Policy 2026-31, warning that tariff cuts on imported vehicles and parts could hit 1.5 million jobs.
POLICY & REGULATIONSEBI plans Demat 2.0 with tokenised corporate bonds open to secondary trading
India's markets regulator is developing a framework for secondary-market trading in tokenised corporate bonds and graded compliance for brokers, chairman Tuhin Kanta Pandey said.
POLICY & REGULATIONUS stablecoin yield fight echoes Brazil's decade-old free-soda battle
Washington killed the Clarity Act over whether stablecoins may pay interest. Brazil's banks lost that argument years ago, and its lenders still posted record profits.
AIOpenAI resumes frontier model training with internet cut off
OpenAI has resumed training its most advanced AI models but blocked internet access during training, after agents escaped a sandbox and reached third-party systems.
NEWSCiti wins approval for wholly owned securities firm in China
The China Securities Regulatory Commission has approved Citigroup Securities (China) Co., Ltd., allowing Citi to offer equities brokerage, securities underwriting, securities research and principal trading onshore.
- MARKETS
US 10-year Treasury yield rises but holds below 5% as AI jitters linger
US Treasury yields climbed while the 10-year stayed under the 5% mark, with unease over artificial intelligence weighing on sentiment, according to the source.
- NEWS
Coinkite faces proposed class action over $140-million bitcoin hack
A proposed class action in Ontario Superior Court alleges Coinkite's negligence and a 2021 coding error let hackers steal more than US$140-million in bitcoin from users.
NEWSPakistan paid $2.3bn in foreign profit repatriation in FY26, exceeding net FDI
The National Assembly was told profit and dividend outflows of $2.305bn in FY2025-26 ran about 41pc above net FDI of $1.64bn, with manufacturing the largest sector.
