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Oct 27, 2026 اردو

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Barclays bank to cut about 5,000 jobs amid AI drive

The announcement came alongside an earnings update that showed Barclays’ net profit grew 13 percent in the third quarter

Published October 22, 2026 Updated October 22, 2026 02:02pm

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By AFP

LONDON: British bank Barclays announced Thursday plans to cut around 5,000 jobs, or roughly five percent of its global workforce, by the end of 2026 in an AI efficiency drive.

The announcement came alongside an earnings update that showed Barclays’ net profit grew 13 percent in the third quarter.

Barclays upgrades Pakistan sovereign debt to ‘overweight’: Bloomberg

Barclays said it was implementing “organisational simplification and technology change efficiency driven by AI”.

“About 60 percent of the job losses relate to support functions, including fewer developers as AI makes our people more productive,” it added.

Barclays bank

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Forex
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Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 26	277.01 ▼ -0.01
USD PKR Interbank Buying / Oct 26	276.81 ▼ -0.01
USD to Japanese Yen / Oct 26	157.65 ▲ 0.78
USD to Swiss Franc / Oct 26	0.83 ▲ 0.0028
Pound Sterling to USD / Oct 26	1.33 ▼ -0.003
Euro to USD / Oct 26	1.12 ▼ -0.003
SOFR % / Oct 23	3.92 ▲ 0.02

Stock	Volume
S&P 500 / Oct 26	7,676.77
India Sensex / Oct 26	73,606.75
Tokyo Nikkei / Oct 26	62,189.65
Nasdaq / Oct 26	26,169.38
Hang Seng / Oct 26	23,211.81
FTSE 100 / Oct 26	10,767.33
Dow Jones / Oct 26	52,361.58
Germany DAX 30 / Oct 26	25,410.84
France CAC40 / Oct 26	7,847.32

Item	Value
Petrol/Litre / Oct 27	377.71
Diesel/Litre / Oct 27	393.66
Crude Oil USD/Barrel / Oct 26	101.20
Karachi Cotton PKR/37.32 KG / Oct 26	18,180
Gold 10 Grams PKR / Oct 26	363,028
Gold Spot USD/Ounce / Oct 26	4,011.33
Cotton US¢/pound / Oct 26	79.06

Gainers
Losers
Leaders

Stock	Price
LSE Financial Serv. / Oct 26 LSE Financial Services Limited(LSEFSL)	2.39 ▲ 0.27 (12.74%)
LSE SPAC-II / Oct 26 LSE SPAC-II Limited(SPAC2)	17.22 ▲ 1.57 (10.03%)
D.S. Ind. Ltd. / Oct 26 D.S. Industries Limited(DSIL)	33.83 ▲ 3.08 (10.02%)
Quice Food / Oct 26 Quice Food Industries Limited(QUICE)	28.45 ▲ 2.59 (10.02%)
D.M. Corporation / Oct 26 D.M. Corporation Limited(DMC)	164.51 ▲ 14.96 (10%)
Shadman Cotton / Oct 26 Shadman Cotton Mills Limited(SHCM)	80.41 ▲ 7.31 (10%)
Shahzad Tex. / Oct 26 Shahzad Textile Mills Limited(SZTM)	142.10 ▲ 12.92 (10%)
Unicap Modaraba / Oct 26 Unicap Modaraba(UCAPM)	21.38 ▲ 1.94 (9.98%)
Cordoba Logistics / Oct 26 Cordoba Logistics & Ventures Limited(CLVL)	31.96 ▲ 2.7 (9.23%)
Sindh Modaraba / Oct 26 Sindh Modaraba(SINDM)	68.62 ▲ 5.79 (9.22%)

Stock	Price
Bawany Air Products (R) / Oct 26 Bawany Air Products Limited Right(BAPLR1)	8.62 ▼ -1 (-10.4%)
Security Investment Bank / Oct 26 Security Investment Bank Limited(SIBL)	6.05 ▼ -0.7 (-10.37%)
Fateh Ind. / Oct 26 Fateh Industries Limited(FIL)	343.77 ▼ -38.2 (-10%)
Khairpur Sug. / Oct 26 Khairpur Sugar Mills Limited(KPUS)	1,399.82 ▼ -155.53 (-10%)
Diamond Ind. / Oct 26 Diamond Industries Limited(DIIL)	76.92 ▼ -8.54 (-9.99%)
First Tri-Star Mod. / Oct 26 First Tri-Star Modaraba(FTSM)	26.30 ▼ -2.92 (-9.99%)
MACPAC Films / Oct 26 MACPAC Films Limited(MACFL)	53.33 ▼ -5.92 (-9.99%)
ECOPACK Ltd / Oct 26 Ecopack Limited(ECOP)	38.17 ▼ -4.01 (-9.51%)
Crescent Fib. / Oct 26 Crescent Fibres Limited(CFL)	55.13 ▼ -5.7 (-9.37%)
Shahtaj Sugar / Oct 26 Shahtaj Sugar Mills Limited(SHJS)	138.95 ▼ -13.94 (-9.12%)

Stock	Volume
LSE Financial Serv.(R) / Oct 26 LSE Financial Services Limited Right(LSEFSLR)	25,465,220 ▼ -0.01
Pervez Ahmed Consultancy / Oct 26 Pervez Ahmed Consultancy Services Ltd.(PASL)	20,496,196 ▼ -0.09
Pakistan Refinery / Oct 26 Pakistan Refinery Limited(PRL)	18,839,880 ▲ 1.19
Cnergyico PK / Oct 26 Cnergyico PK Limited(CNERGY)	16,459,673 ▼ -0.1
WorldCall Telecom / Oct 26 Worldcall Telecom Limited(WTL)	15,606,665 ▼ -0.01
MACPAC Films / Oct 26 MACPAC Films Limited(MACFL)	10,861,094 ▼ -5.92
Lotte Chemical Pakistan / Oct 26 Lotte Chemical Pakistan Limited(LOTCHEM)	10,686,953 ▼ -0.53
Cordoba Logistics / Oct 26 Cordoba Logistics & Ventures Limited(CLVL)	10,071,202 ▲ 2.7
B.O.Punjab / Oct 26 The Bank of Punjab(BOP)	9,052,820 ▼ -0.08
LSE Financial Serv. / Oct 26 LSE Financial Services Limited(LSEFSL)	6,933,258 ▲ 0.27