News Archives for Business & Finance - 2025-03-18

<<>>

Business & Finance - 2025-03-18

Energy

Oil prices ease 1% as Ukraine peace talks offset Mideast instability worries

NEW YORK: Oil prices eased about 1% on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin...

Published 18 Mar, 2025 11:38pm

Technology

Adobe rolls out AI agents for online marketing tools

SAN FRANCISCO: Adobe on Tuesday said it is rolling out artificial intelligence “agents” that brands can use to help...

Published 18 Mar, 2025 09:07pm

Forex

South African rand takes a pause; gold scales new peak

JOHANNESBURG: The South African rand took a breather on Tuesday, shedding some of its gains that have been fuelled...

Published 18 Mar, 2025 09:01pm

Interest Rates

US Fed kicks of rate meeting with economic fears elevated

Analysts widely expect US central bank to hold interest rates at between 4.25 and 4.50 percent

Updated 18 Mar, 2025 10:33pm

USA

Canada’s inflation shoots up to 2.6% as sales tax break ends

OTTAWA: Canada’s annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a...

Published 18 Mar, 2025 07:59pm

USA

US import prices increase solidly in February

WASHINGTON: U.S. import prices unexpectedly rose in February amid higher costs for consumer goods, which does not...

Published 18 Mar, 2025 07:56pm

Commodities

Wheat up 1-3 cents, soybeans steady-up 2, corn mixed

CHICAGO: Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of...

Published 18 Mar, 2025 07:50pm

Stocks

Wall Street set for lower open, Fed meet in focus

U.S. stock indexes were poised for a lower open on Tuesday ahead of the Federal Reserve’s upcoming meeting, with...

Published 18 Mar, 2025 07:47pm

Commodities

Cocoa futures climb, raw sugar prices turn lower

LONDON: New York cocoa futures rose on Tuesday boosted by signs that production in top grower Ivory Coast this...

Published 18 Mar, 2025 07:43pm

Stocks

Most Gulf markets gain; Saudi falls on regional tensions

Most stock markets in the Gulf ended higher on Tuesday ahead of talks between U.S. President Donald Trump and...

Published 18 Mar, 2025 07:21pm

Business & Finance

Tourism contributes 12% to UAE’s GDP in 2024, surpassing US and Europe

Tourism contributed 12% to the UAE’s gross domestic product (GDP) in 2024, according to new insights compiled within...

Updated 18 Mar, 2025 08:05pm

Companies

Audi weighs price increases to soften US tariff blow

INGOLSTADT, GERMANY: Volkswagen’s premium Audi brand is weighing whether to pass on the costs of U.S. import tariffs...

Published 18 Mar, 2025 04:50pm

Stocks

India’s benchmarks record best day in six weeks on bargain buying, global cues

India’s benchmark indexes logged their best day in six weeks on Tuesday, closing near one-month highs, as investors...

Published 18 Mar, 2025 04:45pm

Companies

Russia’s Gazprom Neft ready to raise oil output under OPEC+ deal, CEO says

MOSCOW: Gazprom Neft is ready to raise oil output from April under the OPEC+ agreement, the head of the Russian oil...

Published 18 Mar, 2025 04:30pm

Stocks

Utilities and industrials drag Sri Lankan shares lower

CSE All-Share index settled 1.63% lower at 15,394.16

Published 18 Mar, 2025 04:24pm

Commodities

US copper hits 10-month peak on speculation over Trump tariffs

LONDON: U.S. copper prices hit a 10-month peak on Tuesday, expanding their premium over London prices, as...

Published 18 Mar, 2025 04:19pm

Business & Economy

FPCCI presents Charter of Economy to Aurangzeb

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI), one of Pakistan’s largest industrial bodies,...

Published 18 Mar, 2025 03:51pm

Bullion Rate

Gold hits new all-time high, reaches Rs317,350

Gold prices soared to yet another fresh record high in Pakistan on Tuesday in line with their increase in the...

Updated 18 Mar, 2025 07:28pm

Stocks

German shares rise ahead of vote on debt reforms

German shares led gains in Europe on Tuesday, ahead of a parliamentary vote on historic debt reforms that will...

Published 18 Mar, 2025 02:31pm

Forex

South African rand gains as gold scales new peak

JOHANNESBURG: The South African rand strengthened on Tuesday, helped by the gold price extending its historic run to...

Published 18 Mar, 2025 02:29pm

Stocks

Most Gulf markets in red on regional tensions

Most major stock markets in the Gulf fell in early trade on Tuesday amid rising geopolitical tensions in the region,...

Published 18 Mar, 2025 02:27pm

Currency

SBP denies claims of banknote shortage ahead of Eid

The State Bank of Pakistan (SBP) on Tuesday strongly refuted the assertion that SBP is not issuing fresh banknotes....

Updated 18 Mar, 2025 10:36pm

Markets

New design banknotes: Rs3.4bn paper machine upgrade project awarded to German firm

The Security Papers Limited (SPL) has awarded a paper machine upgrade project worth Rs3.4 billion to a German firm...

Updated 18 Mar, 2025 10:39pm

Business & Economy

Jul-Feb FDI clocks in at $1.6bn, up 41% YoY

Net Foreign Direct Investment (FDI) in Pakistan grew 41% during the first eight months of the ongoing fiscal year...

Updated 18 Mar, 2025 11:12pm

Commodities

Indonesia to raise palm oil export levy to 4.5% to 10%, official says

JAKARTA: Indonesia will raise its palm oil export levy to between 4.5% and 10% of the crude palm oil reference...

Published 18 Mar, 2025 01:02pm

Commodities

China’s January aluminium imports fall 24.3% y/y to 290,000 tons

SHANGHAI: China’s imports of unwrought aluminium and aluminium products in January fell 24.3% year-on-year to...

Published 18 Mar, 2025 12:47pm

Forex

China’s yuan steadies on signs domestic demand picking up

SHANGHAI: China’s yuan held steady against the struggling dollar on Tuesday, buoyed by encouraging domestic economic...

Published 18 Mar, 2025 12:38pm

Mutual Funds

Japan’s 10-year bond yield rises as market awaits BOJ rate decision

TOKYO: Japan’s benchmark 10-year government bond yield rose on Tuesday, reversing course as investors awaited the...

Published 18 Mar, 2025 12:24pm

Stocks

Australia shares end marginally higher on mining, real estate gains

Australian shares ended marginally higher on Tuesday, as real estate and commodity stocks rose while banks declined...

Published 18 Mar, 2025 12:22pm

Business & Finance

Swiss National Bank bought forex worth 1.2 billion francs in 2024

ZURICH: The Swiss National Bank bought foreign currency worth 1.2 billion Swiss francs ($1.36 billion) in 2024, the...

Published 18 Mar, 2025 12:19pm

Business & Finance

US will be hit by ‘high tariffs’ from other countries, China’s Global Times warns

BEIJING: US tariffs will inflict significant harm on the US economy as other countries hit back with “high tariffs”...

Published 18 Mar, 2025 12:18pm

Forex

Rupee slips lower against US dollar

Currency settles at 280.27 against greenback

Updated 18 Mar, 2025 07:32pm

Commodities

Copper holds steady at five-month high on China stimulus plan

SHANGHAI: Copper prices on the London Metals Exchange (LME) held steady at a five-month high on Tuesday, driven by...

Published 18 Mar, 2025 10:26am

Commodities

Wheat near 2-1/2-week high on US crop woes; soybeans firm

SINGAPORE: Chicago wheat gained more ground on Tuesday and was trading near its highest since late-February, after a...

Published 18 Mar, 2025 10:24am

Forex

Indian rupee may look to extend winning run as growth worries hobble dollar

MUMBAI: The Indian rupee may look to extend its recent string of gains on Tuesday, as the dollar wallows near a...

Published 18 Mar, 2025 10:21am

Mutual Funds

Indian bond yields seen little changed before state debt sale, RBI debt buy

MUMBAI: Indian government bond yields are expected to be largely unchanged in early deals on Tuesday as the market...

Published 18 Mar, 2025 10:15am

Forex

Kiwi jumps to 3-month high as China’s outlook brightens

SINGAPORE: The New Zealand dollar hit new highs for the year on Tuesday, and the Australian dollar was near...

Published 18 Mar, 2025 10:13am

Stocks

Japan’s Nikkei rises to track Wall Street, trading firms jump

TOKYO: Japan’s Nikkei share average rose more than 1% on Tuesday, tracking Wall Street’s overnight gains, with...

Published 18 Mar, 2025 10:08am

Exchange

Positivity persists at PSX, KSE-100 settles above 117,000

Buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index settling above the...

Updated 18 Mar, 2025 10:34pm

Pakistan

Raising tobacco taxes right approach to reducing smoking rates?

KARACHI: A growing debate in Pakistan questions whether raising tobacco taxes is the right approach to reducing...

Published 18 Mar, 2025 08:36am

Industry

TDAP launches plan with private sector’s collaboration

FAISALABAD: TDAP has launched an ambitious programme to enhance exports in collaboration with the private sector ...

Published 18 Mar, 2025 08:31am

Bullion Rate

Gold scales record peak, rises above $3,000 again as tariff uncertainty fuels safe-haven demand

Gold prices scaled a record peak above the key $3,000 mark on Tuesday for the second time within a week, as...

Published 18 Mar, 2025 08:17am

Stocks

Indian shares may open higher, tracking Asian peers

India’s benchmark indexes are likely to open higher on Tuesday, tracking their Asian peers on optimism over China’s...

Published 18 Mar, 2025 08:14am

Stocks

Hong Kong stocks and kiwi rise on China outlook

SINGAPORE: Hong Kong shares rose to three-year highs and led Asian markets higher on Tuesday, as investors turn...

Published 18 Mar, 2025 08:12am

Pakistan

‘Late document submission doesn't void self-assessment benefit’

LAHORE: A tax appellate forum has declared that failure on the part of an assessee to submit documents within...

Published 18 Mar, 2025 08:08am

Forex

Dollar stuck near 5-month low, struggles to shake off growth concerns

TOKYO: The US dollar wallowed near a five-month trough against the euro and other major peers on Tuesday as...

Published 18 Mar, 2025 07:59am

Energy

Oil up 1% on Mideast risks, China stimulus

LONDON: Oil prices rose more than 1% on Tuesday to their highest levels since the beginning of the month, supported...

Updated 18 Mar, 2025 07:26pm

Companies

Mastercard holders can now add cards to Google Wallet

KARACHI: Mastercard has announced that cardholders in Pakistan can now add their Mastercard cards to Google Wallet...

Published 18 Mar, 2025 07:55am

Industry

Country’s economic house is not exactly in order: BMP

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Monday observed...

Published 18 Mar, 2025 06:55am

Business & Finance

Lowest power production in Feb 2025: KPCM Advisor rejects federal govt’s claims of economic improvement

PESHAWAR: Advisor to the Chief Minister Khyber Pakhtunkhwa Muzzammil Aslam has rejected the federal government's...

Published 18 Mar, 2025 06:51am

Business & Finance

Workforce highly competitive: IT cos backed to achieve $25bn export target: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday declared that Pakistan’s information technology workforce is...

Published 18 Mar, 2025 05:33am

Business & Finance

Import of 104 types of branded chocolates: Customs values revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new Customs values on the import of 104 types...

Published 18 Mar, 2025 05:33am

Money & Banking

Asian currencies mixed, won leads gains

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

Published 18 Mar, 2025 05:33am

Money & Banking

Dollar dented by economic worries

NEW YORK: The dollar hovered near a five-month low against the euro on Monday as investors worried about the ...

Published 18 Mar, 2025 05:33am

Money & Banking

Indian rupee continues winning run

MUMBAI: The Indian rupee strengthened for the third consecutive session on Monday, helped by dollar sales by...

Published 18 Mar, 2025 05:33am

Business & Finance

Dubai leads global luxury real estate with 147pc growth in five years: report

City tops Prime Real Estate Index (PIRI) in Knight Frank's Wealth Report 2025

Updated 18 Mar, 2025 02:06pm

Energy

OGDCL announces gas, condensate discovery at Soghri North-1 Well in Attock

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company,...

Published 18 Mar, 2025 05:33am

Business & Finance

Jul-Feb FY25: C/A posts $691m surplus on healthy remittance inflows

KARACHI: Pakistan’s current account showed significant improvement, recording a $0.7 billion surplus in the first...

Published 18 Mar, 2025 05:33am

Business & Finance

OECD lowers global growth projections over tariffs, uncertainty

PARIS: Trade tensions and geopolitical uncertainties are weighing on economic perspectives, the Organisation for...

Published 18 Mar, 2025 05:33am

Companies

Zia Chishti, The Telegraph settle libel suit over reporting of ex-employee’s ‘grooming’ allegations

Zia Chishti, Pakistani-American tech entrepreneur behind Invisalign and Afiniti, has reached a settlement with the...

Published 18 Mar, 2025 12:47am

Markets

Pakistan’s REER index clocks in at 102.27 in February 2025

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Published 18 Mar, 2025 12:02am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

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%)
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%)
Kohat Textile / Jun 16 Kohat Textile Mills Limited(KOHTM)	146.97 ▲ 25.51 (21%)
National Silk / Jun 16 The National Silk & Rayon Mills Limited(NSRM)	195.13 ▲ 33.87 (21%)
MACPAC Films / Jun 16 MACPAC Films Limited(MACFL)	72.74 ▲ 12.62 (20.99%)
Power Cem(Pref) / Jun 16 Power Cement (Pref)(POWERPS)	28.77 ▲ 4.97 (20.88%)
Nets Internat.Comm. / Jun 16 Nets International Communication Limited(GEMNETS)	33.50 ▲ 5.6 (20.07%)
Siddiqsons Tin / Jun 16 Siddiqsons Tin Plate Limited(STPL)	10.11 ▲ 1.67 (19.79%)

Stock	Price
Universal Ins. / Jun 16 The Universal Insurance Company Limited(UVIC)	22.45 ▼ -2.43 (-9.77%)
GOC (Pak) / Jun 16 GOC (Pak) Limited.(GOC)	111.12 ▼ -11.88 (-9.66%)
Idrees Tex. / Jun 16 Idrees Textile Mills Limited(IDRT)	45.90 ▼ -4.2 (-8.38%)
Askari Life Assur. / Jun 16 Askari Life Assurance Company Limited(ALAC)	23.50 ▼ -2.04 (-7.99%)
Aisha Steel(ConPS) / Jun 16 Aisha Steel(ConPS)(ASLPS)	27.51 ▼ -1.97 (-6.68%)
Data Agro / Jun 16 Data Agro Limited(DAAG)	92 ▼ -6.07 (-6.19%)
Zephyr Textile / Jun 16 Zephyr Textiles Limited(ZTL)	19.24 ▼ -1.21 (-5.92%)
JS Investments / Jun 16 JS Investments Limited(JSIL)	41 ▼ -2.36 (-5.44%)
Hala Enterprise / Jun 16 Hala Enterprises Limited(HAEL)	25.52 ▼ -1.36 (-5.06%)
Next Capital / Jun 16 Next Capital Limited(NEXT)	11.10 ▼ -0.58 (-4.97%)

Stock	Volume
Sui South Gas / Jun 16 Sui Southern Gas Company Limited(SSGC)	36,155,771 ▲ 3.16
B.O.Punjab / Jun 16 The Bank of Punjab(BOP)	20,646,321 ▲ 1.79
Maple Leaf Cement / Jun 16 Maple Leaf Cement Factory Limited(MLCF)	16,065,357 ▲ 8.29
TPL Corp Ltd / Jun 16 TPL Corp Limited(TPL)	15,763,976 ▲ 2.05
Siddiqsons Tin / Jun 16 Siddiqsons Tin Plate Limited(STPL)	15,653,424 ▲ 1.67
Pak Elektron / Jun 16 Pak Elektron Limited(PAEL)	14,866,672 ▲ 2.58
Hascol Petrol / Jun 16 Hascol Petroleum Limited(HASCOL)	12,813,730 ▲ 0.62
K-Electric Ltd. / Jun 16 K-Electric Limited(KEL)	12,812,481 ▲ 0.17
Sui North Gas / Jun 16 Sui Northern Gas Pipelines Limited(SNGP)	11,373,230 ▲ 11.22
National Bank / Jun 16 National Bank of Pakistan(NBP)	8,918,698 ▲ 15.92

Most Popular