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Bulls dominate as KSE-100 breaks past 186,000 mark – SUCH TV

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Bulls dominate as KSE-100 breaks past 186,000 mark – SUCH TV



The Pakistan Stock Exchange (PSX) reached a record high on Wednesday as the benchmark index climbed more than 1,000 points, crossing the 186,000 mark amid improved investor sentiment over renewed equity buying.

The KSE-100 Index settled at 186,518.71 points, up 1,456.61 points, or 0.79%, at the closing, from the previous day’s closing of 185,062.1.

The positive momentum reflected sustained investor confidence, driven largely by aggressive buying from local funds, an analyst at Topline Securities said.

“The shift in asset allocation — from fixed-income instruments to equities amid declining returns on traditional avenues — has continued to fuel liquidity and support elevated valuations,” the analyst added.

During today’s session, the benchmark index surged to an intraday high of 187,015.11, while profit-taking remained modest.

Market activity remained vibrant, with total traded volumes clocking in at 1.3 billion shares, while market turnover rose to Rs86.1 billion.

Market analyst had attributed the rally to renewed investor confidence, with equities increasingly seen as a more attractive investment option.

“The market is being led by overall fresh equity positions at the start of the year, with investors chasing the stock market as a better asset play than keeping money in banks or cash funds,” said AAH Soomro, an independent investment and economic analyst.

He added that optimism surrounding the broader economy was drawing new participants into the market. “The economic outlook is promising, hence new investors are jumping in,” Soomro said.

On Tuesday, the benchmark KSE-100 Index settled at 185,062.10 points, up 2,653.87 points, or 1.45%, from 182,408.23.

In single-stock milestones, United Bank Limited (UBL) is now the largest listed company by market capitalisation at PKR 1.27 trillion, edging Oil and Gas Development Company (OGDC) at PKR 1.26 trillion after a strong run in banks.

On the public-finance front, Pakistan’s central government debt fell Rs345 billion (-0.44%) in July–November FY26 to Rs77.543 trillion from Rs77.888 trillion at the end of June, State Bank of Pakistan (SBP) data showed.

Domestic debt stood at Rs54.619 trillion (up 0.26% compared to June, up 1.21% MoM and up 12% YoY), while external debt was Rs22.925 trillion (down Rs492 billion, or 2.1%, in July–November, down 0.34% MoM and up 5.25% YoY).

Authorities cited continued efforts to narrow the fiscal gap and the Rs2.42 trillion SBP profit transfer in FY25 as supportive factors.



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Government to water down business rate rise for pubs

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Government to water down business rate rise for pubs


Simon Jack,BBC Business Editorand

Lucy Hooker,Business reporter

Getty Images Close up of a pint being pulled from a tap. In the background there are blurred images of young men in shirts and jackets sitting at the bar with full pints in front of them. They look cheerful.Getty Images

A climbdown on forthcoming increases to the business rates bills faced by pubs in England is set to be announced by the government in the next few days.

The government is expected to say it will make changes to how pubs’ business rates are calculated, resulting in smaller rises to bills.

Treasury officials say they have recognised the financial difficulties facing many pubs after sharp rises in the rateable value of their premises.

The move follows pressure from landlords and industry groups that included more than 1,000 pubs banning Labour MPs from their premises.

The BBC understands it will apply only to pubs and not the whole hospitality sector.

The Treasury is also thought to be ready to relax licensing rules to allow longer opening and more pavement areas for drinking.

In her November Budget, Chancellor Rachel Reeves scaled back business rate discounts that have been in force since the pandemic from 75% to 40% – and announced that there would be no discount at all from April.

That, combined with big upward adjustments to rateable values of pub premises, left landlords with the prospect of much higher rates bills.

A campaign to dilute the impact of these rises has been gaining traction in recent weeks, with pub owners and industry groups lobbying for more support.

Conversations between the government and the hospitality sector were “ongoing”, DWP minister Dame Diana Johnson said.

Speaking to Radio 4’s PM programme, she said: “We as a government want to make business rates fairer but you’ll also know we’re coming to the end of the transitional relief that was available because of Covid.”

On Wednesday Labour MPs called on the government to rethink its support for the industry.

Conservative leader Kemi Badenoch said: “What has happened is that over Christmas Labour MPs were banned from every single pub they tried to get into… so now they are pushing for a U-turn.”

She said the Conservatives had a “much better plan” which was to “slash business rates for all of the High Street, not just pubs”. She said business rates bills of less than £110,000 would be scrapped completely.

Reform also welcomed the climbdown, saying “pubs have already been lumbered with astronomical energy costs”.

The party’s deputy leader Richard Tice said: “Pubs are the backbone of our communities and a huge part of British heritage. Their closures would be a cultural catastrophe as much as an economic one.”

To calculate a pub’s business rate bill the rateable value of its premises is multiplied by a set figure: “the multiplier”.

The government had already offered some relief by reducing the multiplier for pubs, and may be about to reduce it further.

Alternatively they could boost the £4.3bn “transitional relief” fund brought in to ease the impact of withdrawing support following the pandemic.

Geoff Robbins An older man in black fleece, with pub branding in white, is pulling a pint behind the bar in a pub. In the background there is a fridge with an internal light containing bottles of beer.Geoff Robbins

Geoff Robbins, who owns the Wheatsheaf Pub in Faringdon, Oxfordshire with his wife Jo, said it was “a great relief” that more help was on the way.

His rates are due to rise by around 80% over the next three years. He needs a discount on most of that, he reckons, after factoring in higher gas, electricity and staffing costs.

“Rates are a tax against your business whether you make a profit or loss… you’ve got to pay, there’s no way round it,” said Geoff, who got in touch with BBC Your Voice.

Industry groups also welcomed news there would be additional help.

Emma McClarkin, chief executive of the British Beer and Pub Association, said it was “potentially a huge win” for the sector.

“This could save locals, jobs, and means publicans can breathe a huge sigh of relief,” she said.

Kate Nicholls, chair of UK Hospitality, representing the industry, said the support should apply not just to pubs, but to all hospitality businesses affected by rising rates, including cafés and restaurants.

“We need a hospitality-wide solution, which is why the government should implement the maximum possible 20p discount to the multiplier for all hospitality properties,” she said.

Other sectors are calling for the support to be even broader, to include live music venues, theatres, galleries, gyms and retailers.

Unpicking the recent Budget would be seen by many as another U-turn following climbdowns on winter fuel payments, disability benefits and inheritance tax on farms and family businesses.

Shadow business and trade secretary Andrew Griffith said the change showed Rachel Reeves’ Budget was “falling apart”.

“Labour were wrong to attack pubs and now have been forced into another screeching U-turn,” he said.

Liberal Democrat Treasury spokesperson Daisy Cooper said: “This is literally the last chance saloon for our treasured pubs and high streets – so the government must U-turn, today.

“These businesses are worried sick, making decisions now, and can’t wait a minute longer.”

The calculation of business rates is an issue that is devolved in all four UK nations.

The discount on rates during the pandemic only applied to hospitality businesses in England.

Scottish businesses are waiting for the Budget there next week to hear how the Edinburgh government will approach the issue.

Pubs there will hope the Scottish government follows the UK government in offering some relief.

Additional reporting by Kris Bramwell

Red BBC Your Voice banner image with white text.



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RFK Jr.’s new food guidelines could boost beaten down fast-casual chains like Chipotle and Sweetgreen

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RFK Jr.’s new food guidelines could boost beaten down fast-casual chains like Chipotle and Sweetgreen


U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. attends a briefing at the White House in Washington, D.C., U.S., January 7, 2026.

Kevin Lamarque | Reuters

New federal dietary recommendations have sparked mixed reactions from the embattled restaurant industry, as changing guidelines could encourage Americans to dine out less often or choose from a smaller pool of restaurants when they do leave home.

The Departments of Health and Human Services and Agriculture unveiled the nutrition guidelines on Wednesday. The recommendations, which are updated every five years, pushed for higher consumption of protein and full-fat dairy and reduced intake of processed foods and sugary drinks.

The guidelines are primarily a public health tool for federal agencies, health-care providers and nutrition experts, so it’s unclear how much they will influence individual consumer choices. Although the recommendations largely focus on eating at home, they lightly touched on the restaurant industry as well.

“When dining out, choose nutrient-dense options,” the guidelines advise.

While the recommendations could discourage Americans from spending at restaurants — especially at a time when high inflation has curbed trips to dine out — some pockets of the industry had a positive reaction to the changes. The changes could give a particular boost to struggling fast-casual chains like Sweetgreen and Chipotle, which have long touted the type of natural ingredients championed by HHS Secretary Robert F. Kennedy Jr.’s “Make American Healthy Again” movement.

One lobbying executive who represents restaurant companies, whose organization was involved in meetings with the White House on the new guidelines, said the outcome could have been “far worse” for the sector. The person, who declined to be named because their organization was involved in private discussions, said the end result was better for the industry than proposed guidance from earlier in 2025 was. 

However, the executive said they are still concerned the guidelines could encourage Americans to eat at home when diners have affordable options to incorporate those foods at restaurants. That implication could also ruffle feathers among restaurant chains and their franchisees.

Despite those potential concerns from some, industry lobbying group the National Restaurant Association backed the new guidelines.

“Now, more than ever, restaurant operators are offering a wider variety of options, allowing consumers to choose what best fits their dietary needs, preferences, and lifestyles. We congratulate Secretary Kennedy and the Trump Administration on the release of the new guidelines and look forward to continued collaboration with policymakers to ensure that nutrition guidance remains practical, flexible, and supportive of access and innovation,” National Restaurant Association spokesman Sean Kennedy said in a statement to CNBC. 

Restaurant franchise lobbyist the International Franchise Association, called the approach “nuanced” and said it may limit the number of price increases restaurants have to make.

“Fortunately, the more nuanced approach of these guidelines helps ensure our members will not have to raise prices and that consumers can continue to make their own choices,” the group said. “Any future regulations or guidance must keep potential cost increases top of mind, as restaurant owners already face numerous regulatory burdens and supply chain challenges, which most often disproportionately affect small business owners, like franchisees, and ultimately, American consumers.”

How fast casual could benefit

Some of the most supportive reactions came from chains that had been beaten down in 2025, including Chipotle and Sweetgreen. Both fast-casual names saw pullbacks from younger consumers who continue to struggle in a K-shaped economy, where spending has concentrated more among the highest earners.

Sweetgreen, which was the biggest restaurant sector laggard last year with a nearly 80% stock decline, cheered the new guidelines.

A spokesperson told CNBC in a statement: “We keep ultra-processed ingredients and added sugars out of our restaurants, source transparently from partners we know and trust, and cook our food from scratch. That is why we are excited to see the new Food Pyramid so clearly emphasizing whole, real, and unprocessed foods.”

Sweetgreen founder and CEO Jonathan Neman wrote on X, “The U.S. government is for the 1st time urging Americans to avoid highly processed food, added sugar, and refined carbohydrates. Today, the government finally told the American people the truth. Avoid highly processed food (which is 70% of a child’s diet). Avoid refined carbohydrates.  CELEBRATE REAL FOOD… LFG!”

Chipotle will debut a High Protein Menu on Tuesday, December 23, with items ranging from 15 to 81 grams of protein per item.

Source: Chipotle Mexican Grill

Similarly, Chipotle, which recently debuted a high protein and GLP-1 friendly menu, told CNBC it has already catered to similar dietary guidelines.

“Our menu of real ingredients makes it easy to follow the new dietary guidelines that prioritize high-quality protein, healthy fats, fruits, vegetables, and whole grains—while limiting highly processed foods and refined carbohydrates,” Chipotle spokeswoman Laurie Schalow said in a statement. “With real food made from wholesome ingredients—without artificial colors, flavors, or preservatives—Chipotle offers choices that fit a balanced, modern approach to eating.”

The company’s stock was down nearly 40% in 2025, but some Wall Street analysts have pointed to it as a potential winner in the new GLP-1 landscape, where users of the drugs often opt for smaller portions with more protein.

Kennedy has spearheaded the MAHA platform, championing a diet based on whole foods to prevent chronic disease. At times, his beliefs, like his advocacy for beef tallow and encouragement of more red meat in diets, have run afoul of both public health experts and industry players, like McDonald’s.

Kennedy’s criticism of processed foods has put fast-food chains on the defensive, although President Donald Trump is a vocal and loyal fan, particularly of McDonald’s.



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US mortgage rates: 30-year home loan rate inches up to 6.16%, stays near 2025 low as housing demand remains cautious – The Times of India

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US mortgage rates: 30-year home loan rate inches up to 6.16%, stays near 2025 low as housing demand remains cautious – The Times of India


The average interest rate on a 30-year US mortgage edged slightly higher this week but remained close to its lowest level of 2025, offering limited relief to homebuyers amid a still-challenging housing market, according to data released by Freddie Mac.The average long-term mortgage rate rose to 6.16% this week from 6.15% last week, when it had slipped to its lowest level since October 3, 2024, AP reported. A year ago, the rate stood significantly higher at 6.93%, Freddie Mac said.Borrowing costs on 15-year fixed-rate mortgages, often favoured by homeowners refinancing their loans, also moved up marginally to 5.46% from 5.44% a week earlier. The rate averaged 6.14% during the same period last year.Mortgage rates are shaped by a range of factors, including Federal Reserve policy signals, inflation expectations and movements in the bond market. They tend to track the 10-year US Treasury yield, which was at 4.17% around midday on Thursday.Rates have largely stabilised in recent weeks after easing from late October, when the 30-year mortgage rate dipped to 6.17%, then its lowest level in over a year. The decline followed expectations of US Federal Reserve rate cuts, which began in September and continued last month.Although the Fed does not directly set mortgage rates, its interest rate decisions can influence investor behaviour. Rate cuts often signal slowing growth or easing inflation, prompting demand for US government bonds and pushing down long-term yields, which in turn can lower mortgage rates.Overall, the average 30-year mortgage rate ended last year nearly a percentage point lower than at the start of 2025, helping improve purchasing power for some buyers toward the end of the year. Sales of previously owned US homes rose month-on-month in September, October and November.However, November sales were lower than a year earlier — the first such decline since May — and the market is on track to finish the year below 2024 levels. Data on December existing home sales are due next week.Lower mortgage rates have offered some relief to buyers who can afford current prices. The median monthly US housing payment fell to $2,365 in the four weeks ended January 4, down 4.7% from a year earlier, according to Redfin.Despite this, housing affordability remains a major hurdle, especially for first-time buyers, due to years of rising home prices and modest wage growth. Economic and job market uncertainty has also kept many potential buyers on the sidelines.Economists broadly expect the average 30-year mortgage rate to hover slightly above 6% through the year, suggesting borrowing costs are unlikely to fall sharply in the near term.



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