News Archives for Business & Finance - 2025-03-17

<<>>

Business & Finance - 2025-03-17

Markets

Pakistan’s current account improves but remains negative in February 2025

Country posts a deficit of $12mn in February, against $399mn deficit recorded in January 2025

Updated 18 Mar, 2025 12:09am

Money & Banking

Fed officials prepare to lay down marker on impact of Trump policies

WASHINGTON: New economic projections from Federal Reserve officials this week will provide the most tangible...

Published 17 Mar, 2025 05:31pm

Commodities

New record high: gold price per tola jumps to Rs314,800 in Pakistan

Gold prices soared to a fresh record high in Pakistan on Monday in line with their increase in the international...

Updated 17 Mar, 2025 09:11pm

Business & Economy

Aurangzeb, World Bank discuss 10-year Country Partnership Framework

Finance Minister Muhammad Aurangzeb met with the World Bank team at the Finance Division to discuss Pakistan’s...

Updated 17 Mar, 2025 09:24pm

Forex

Ugandan shilling stable; to ease due to commercial bank FX demand

KAMPALA: The Ugandan shilling was little-changed on Monday and was expected to weaken on the back of some demand for...

Published 17 Mar, 2025 02:48pm

Forex

Russian rouble strengthens ahead of Trump-Putin talks

MOSCOW: The Russian rouble strengthened on Monday ahead of an expected telephone conversation between U.S. President...

Published 17 Mar, 2025 02:25pm

Forex

South African rand little changed even as ties with US plumb new lows

JOHANNESBURG: The rand was little changed early on Monday, as market participants appeared to shrug off the United...

Published 17 Mar, 2025 02:23pm

Stocks

European shares little changed on trade war jitters

European shares were largely unchanged on Monday as investors started the new trading week with slight caution...

Published 17 Mar, 2025 02:08pm

Stocks

Major Gulf markets gain on China stimulus prospects

Most major stock markets in the Gulf rose in early trading on Monday, fuelled by China’s latest economic stimulus...

Published 17 Mar, 2025 02:04pm

Markets

Mari Energies uncovers more hydrocarbon reserves in KP’s Spinwam-1 well

Mari Energies Limited, formerly known as Mari Petroleum Company Limited (MARI), has discovered further hydrocarbon...

Updated 17 Mar, 2025 02:11pm

Companies

BMW to integrate Huawei smart-connect system into its China-made cars in 2026

BEIJING: BMW Group will integrate Huawei HiCar, the Chinese tech conglomerate’s car mobile app connecting devices...

Published 17 Mar, 2025 01:10pm

Forex

Kenyan shilling eases, seen under pressure from lower dollar inflows

NAIROBI: Kenya’s shilling weakened slightly on Monday, and was expected to ease further due to slowing dollar...

Published 17 Mar, 2025 01:06pm

Business & Economy

Pakistan may present budget early to secure IMF board approval, says Topline

The signing of a Staff Level Agreement (SLA) between the Pakistani authorities and the International Monetary Fund...

Updated 17 Mar, 2025 09:23pm

Financial

JGB yields mixed ahead of BOJ meeting; domestic politics stir uncertainty

TOKYO: Japanese government bond yields were mixed on Monday, ahead of the Bank of Japan’s monetary policy meeting...

Published 17 Mar, 2025 12:38pm

Companies

AstraZeneca to buy EsoBiotec for up to $1 billion

Drugmaker AstraZeneca said on Monday it will buy biotechnology firm EsoBiotec for up to $1 billion. EsoBiotec’s...

Published 17 Mar, 2025 12:26pm

Energy

Pakistan’s power generation falls 15% MoM, costs plunge 30% in February

Power generation falls to lowest in five years, says JS Global

Updated 17 Mar, 2025 02:41pm

Companies

Maruti Suzuki India to hike car prices by up to 4%

Maruti Suzuki India, the country’s top carmaker, said on Monday it will hike car prices by up to 4% from April 2025,...

Published 17 Mar, 2025 11:29am

Commodities

Palm oil slips on poor export data, tracking Dalian

JAKARTA: Malaysian palm oil futures reversed gains on Monday, tracking movement of rival edible oils at the Dalian...

Published 17 Mar, 2025 10:57am

Europe

US-EU tariff clash imperils $9.5 trillion of business, AmCham warns

BRUSSELS: The U.S.-European tariff conflict is jeopardising transatlantic business worth $9.5 trillion annually, the...

Published 17 Mar, 2025 10:54am

USA

Trump says no exemptions on US steel and aluminum tariffs

ABOARD AIR FORCE ONE: US President Donald Trump said he has no intention of creating exemptions on steel and...

Published 17 Mar, 2025 10:44am

Stocks

Most Asian stocks rise on China stimulus; trade tensions linger

Most Asian equities advanced on Monday after China unveiled fresh measures to boost domestic consumption, although...

Published 17 Mar, 2025 10:38am

Companies

Volkswagen, FAW venture to launch 11 new models tailored for China from 2026

BEIJING: The joint venture of Volkswagen and FAW Group said on Monday it will launch 11 new Volkswagen and Jetta...

Published 17 Mar, 2025 10:30am

Commodities

Japan rubber futures recoils on firmer yen, trade war worries

SINGAPORE: Japanese rubber futures retreated on Monday on a strengthening yen, while escalating trade measures...

Updated 17 Mar, 2025 12:31pm

Stocks

Bullish momentum at PSX, KSE-100 settles above 116,000 level

Buying observed in key sectors

Updated 17 Mar, 2025 08:19pm

Forex

Australia, NZ dollars set for choppy week of data and central bank calls

SINGAPORE: The Australian and New Zealand dollars made a steady start on Monday to a week crammed with global...

Published 17 Mar, 2025 10:20am

Commodities

Gold edges higher as geopolitical and economic concerns linger

Gold firmed on Monday after touching a historic milestone last week, as geopolitical tensions, jitters about tariffs...

Published 17 Mar, 2025 10:18am

Commodities

Wheat rebounds on lower Russian export forecast; corn, soybeans rise

SINGAPORE: Chicago wheat futures bounced back on Monday, rising more than 1% as expectations of lower exports from...

Published 17 Mar, 2025 10:15am

Forex

Yuan holds steady on firm data, fresh consumption stimulus

HONG KONG: China’s yuan was steady against the U.S. dollar on Monday, as better-than-expected data and fresh...

Published 17 Mar, 2025 10:13am

Commodities

Iron ore drops as China property data raises demand concerns

BEIJING: Iron ore futures slumped on Monday, as a series of property data from top consumer China heightened...

Updated 17 Mar, 2025 01:03pm

Exchange

Rupee records slight improvement against US dollar

Currency settles at 280.17 against greenback

Updated 17 Mar, 2025 05:11pm

Commodities

Metals rise on dollar weakness, but trade jitters cap gains

SHANGHAI: Metals were mostly trading higher on the London Metals Exchange on Monday, supported by a weaker dollar,...

Published 17 Mar, 2025 10:08am

Forex

Mild gains in regional peers may help Indian rupee, but importers likely to cap gains

MUMBAI: The Indian rupee is expected to open flat-to-slightly-higher on Monday, comforted by modest gains in...

Published 17 Mar, 2025 10:03am

Financial

Indian bond yields seen flat with RBI debt purchase, Fed meet in spotlight

MUMBAI: Indian government bonds are expected to be little changed in early deals on Monday, with focus on the local...

Published 17 Mar, 2025 10:00am

Companies

Pakistani manufacturer PEL begins export operations to USA

Pak Elektron Limited (PEL) announced on Monday that it had officially commenced export operations to the United...

Published 17 Mar, 2025 10:00am

Stocks

South Korean shares close up after China unveils policy steps

KOSPI closed up 44.33 points, or 1.73%, at 2,610.69

Updated 17 Mar, 2025 01:05pm

Stocks

Australia shares get a lift from China stimulus plans, Wall Street bounce

Australian shares staged a marginal recovery on Monday, encouraged by a sharp jump in Wall Street and as China’s...

Updated 17 Mar, 2025 12:41pm

Stocks

Japan’s Nikkei ends higher as Wall Street surge boosts sentiment

TOKYO: Japan’s Nikkei share average surged nearly 1% on Monday, fuelled by widespread gains, as investor sentiment...

Updated 17 Mar, 2025 12:29pm

Stocks

Financials lead rise in Indian shares

Financials propelled India’s benchmark equity indexes higher on Monday on the back of positive global cues, bargain...

Updated 17 Mar, 2025 03:21pm

Stocks

China stocks end flat as consumption measures fail to impress investors

SHANGHAI: Chinese stocks ended the day nearly unchanged on Monday as the government’s plans to boost domestic...

Updated 17 Mar, 2025 02:06pm

Energy

Oil prices tick up on US attack on Houthis, China economic hopes

Brent futures rose 49 cents, or 0.7%, to $71.07 a barrel

Updated 18 Mar, 2025 01:18am

Forex

Dollar on back foot as economic worries sap confidence; yuan firms

TOKYO: The U.S. dollar hovered close to a five-month low against its major peers on Monday, pressured by President...

Published 17 Mar, 2025 09:39am

Industry

PRGMEA opposes amendments to EFS

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has strongly opposed the...

Published 17 Mar, 2025 07:21am

Energy

Oil price cut to consumers: Govt urged to pass on benefit

KARACHI: The world oil prices witnessed a big cut but our rulers didn’t pass on its benefit to the Pakistani...

Published 17 Mar, 2025 07:12am

Cotton & Textile

Weekly Cotton Review: Prices continue to decline amid lacklustre trade

KARACHI: The decline in cotton prices continues to persist, with the spot rate experiencing a further drop of 300...

Published 17 Mar, 2025 07:09am

Business & Finance

Fed likely to keep rates steady

WASHINGTON: The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this...

Published 17 Mar, 2025 05:29am

Industry

Price control authorities accused of failing to check price hike

HYDERABAD: President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has...

Published 17 Mar, 2025 05:29am

Commodities

Peshawar: Prices of essential items remain steady

PESHAWAR: Prices of essential food commodities, including live chicken/meat, vegetables, dates, cooking oil/ghee,...

Published 17 Mar, 2025 05:29am

Money & Banking

Sterling losses some ground against dollar

LONDON: Sterling lost some ground versus the dollar on Friday after data painted a grim picture of the British...

Published 17 Mar, 2025 05:29am

Money & Banking

Yuan steady as markets weigh trade war escalation

HONG KONG: China’s yuan held steady against the US dollar on Friday as markets weighed escalating global trade...

Published 17 Mar, 2025 05:29am

Money & Banking

Russian rouble steadies vs dollar

MOSCOW: The Russian rouble hovered not far from a more than six-month high against the dollar on Friday, with the...

Published 17 Mar, 2025 05:29am

Money & Banking

Latam currency index leaps to eight-month high

BRASILIA: Latin American stocks and currencies rose sharply on Friday, helped by gains in commodity prices and as...

Published 17 Mar, 2025 05:29am

Business & Finance

Pakistan, Kyrgyzstan discuss ways to enhance bilateral trade

ISLAMABAD: Pakistan and Kyrgyzstan have discussed ways and means to enhance bilateral trade and cooperation in...

Published 17 Mar, 2025 05:29am

Business & Finance

easypaisa digital bank posts PBT of Rs4.7bn, 3.8x growth

KARACHI: The Board of Directors of easypaisa digital bank (formally Telenor Microfinance Bank Limited), in its...

Published 17 Mar, 2025 05:29am

Pakistan

AJK govt for revival of sick industrial units

MIRPUR: The Azad Jammu Kashmir government has inked a plan initiating immediate required steps for the early revival...

Updated 17 Mar, 2025 08:07am

Industry

Peshawar traders demand launch of cargo train

PESHAWAR: Business community demanded launch of cargo train from Peshawar and pragmatic steps to make Azakhel...

Published 17 Mar, 2025 05:29am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 16	160.26
USD to Swiss Franc / Jun 16	0.80
Pound Sterling to USD / Jun 16	1.34
Euro to USD / Jun 16	1.16
SOFR % / Jun 15	3.60

Stock	Volume
S&P 500 / Jun 15	7,554.29
Nasdaq / Jun 15	26,683.94
FTSE 100 / Jun 15	10,430.62
Dow Jones / Jun 15	51,671.03
Germany DAX 30 / Jun 15	24,894.01
France CAC40 / Jun 15	8,384.01
India Sensex / Jun 16	76,714.29
Tokyo Nikkei / Jun 16	69,722.25
Hang Seng / Jun 16	24,445.52

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 15	21,080
Gold 10 Grams PKR / Jun 15	389,600
Petrol/Litre / Jun 16	373.78
Crude Oil USD/Barrel / Jun 16	80.57
Gold Spot USD/Ounce / Jun 16	4,326.02
Diesel/Litre / Jun 16	378.78
Cotton US¢/pound / Jun 16	76.67

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 16 First Fidelity Leasing Modaraba(FFLM)	15.36 ▲ 2.67 (21.04%)
Pak. P.V.C. / Jun 16 Pakistan PVC Limited(PPVC)	34.60 ▲ 6.01 (21.02%)
Paramount Spinning / Jun 16 Paramount Spinning Mills Limited(PASM)	8.12 ▲ 1.41 (21.01%)
Pak Stock Exchange / Jun 16 Pakistan Stock Exchange Limited(PSX)	52.70 ▲ 9.15 (21.01%)
Crescent Steel / Jun 16 Crescent Steel & Allied Products Limited(CSAP)	116.84 ▲ 20.28 (21%)
National Silk / Jun 16 The National Silk & Rayon Mills Limited(NSRM)	195.13 ▲ 33.87 (21%)
Power Cem(Pref) / Jun 16 Power Cement (Pref)(POWERPS)	28.77 ▲ 4.97 (20.88%)
MACPAC Films / Jun 16 MACPAC Films Limited(MACFL)	72.40 ▲ 12.28 (20.43%)
Nets Internat.Comm. / Jun 16 Nets International Communication Limited(GEMNETS)	33.50 ▲ 5.6 (20.07%)
Ellcot Spinning / Jun 16 Ellcot Spinning Mills Limited(ELSM)	130.98 ▲ 20.95 (19.04%)

Stock	Price
Askari Life Assur. / Jun 16 Askari Life Assurance Company Limited(ALAC)	22.55 ▼ -2.99 (-11.71%)
Universal Ins. / Jun 16 The Universal Insurance Company Limited(UVIC)	22.60 ▼ -2.28 (-9.16%)
Idrees Tex. / Jun 16 Idrees Textile Mills Limited(IDRT)	46.12 ▼ -3.98 (-7.94%)
Crescent Fib. / Jun 16 Crescent Fibres Limited(CFL)	55.37 ▼ -4.62 (-7.7%)
Zephyr Textile / Jun 16 Zephyr Textiles Limited(ZTL)	19.03 ▼ -1.42 (-6.94%)
Popular Islamic / Jun 16 Popular Islamic Modaraba(PIM)	22.45 ▼ -1.54 (-6.42%)
Data Agro / Jun 16 Data Agro Limited(DAAG)	92.50 ▼ -5.57 (-5.68%)
JS Investments / Jun 16 JS Investments Limited(JSIL)	41 ▼ -2.36 (-5.44%)
Sana Ind / Jun 16 Sana Industries Limited(SNAI)	38.14 ▼ -1.77 (-4.43%)
JS Global Cap. / Jun 16 JS Global Capital Limited(JSGCL)	160.05 ▼ -6.84 (-4.1%)

Stock	Volume
Sui South Gas / Jun 16 Sui Southern Gas Company Limited(SSGC)	41,943,958 ▲ 3.46
K-Electric Ltd. / Jun 16 K-Electric Limited(KEL)	28,318,034 ▲ 0.21
B.O.Punjab / Jun 16 The Bank of Punjab(BOP)	27,960,380 ▲ 1.87
Siddiqsons Tin / Jun 16 Siddiqsons Tin Plate Limited(STPL)	26,195,228 ▲ 1.05
TPL Corp Ltd / Jun 16 TPL Corp Limited(TPL)	23,881,931 ▲ 2.57
TPL Properties / Jun 16 TPL Properties Limited(TPLP)	20,912,986 ▲ 0.97
Maple Leaf Cement / Jun 16 Maple Leaf Cement Factory Limited(MLCF)	19,385,288 ▲ 8.23
WorldCall Telecom / Jun 16 Worldcall Telecom Limited(WTL)	18,665,542 ▲ 0.02
Lotte Chemical / Jun 16 Lotte Chemical Pakistan Limited(LOTCHEM)	17,485,727 ▼ -0.69
Pak Elektron / Jun 16 Pak Elektron Limited(PAEL)	16,593,910 ▲ 2.88

Most Popular