News Archives for Business & Finance - 2025-03-21

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Business & Finance - 2025-03-21

Energy

Oil set for second consecutive weekly gain on expected tightening supply

NEW YORK: Oil prices were steady on Friday and headed for a second consecutive weekly gain as fresh U.S. sanctions...

Published 21 Mar, 2025 09:07pm

Stocks

Wall St falls on tariff woes; FedEx slides after bleak forecast

Wall Street’s main indexes declined on Friday as investors continued to navigate the complex landscape of tariffs,...

Published 21 Mar, 2025 08:17pm

Middle East

UAE commits to $1.4 trillion investment framework in US, White House says

WASHINGTON: The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United...

Published 21 Mar, 2025 08:14pm

Energy

Global LNG: Asian spot LNG prices remain near three-month low amid ample supply

LONDON: Asian spot liquefied natural gas (LNG) prices rose slightly this week but remained close to a three-month...

Published 21 Mar, 2025 07:48pm

Stocks

Banks and industrial stocks drag Dubai lower, Abu Dhabi flat

Dubai’s index ended lower on Friday, with banking and industrial stocks driving losses as rising geopolitical...

Published 21 Mar, 2025 07:43pm

Companies

J&J boosts investments in US to more than $55 billion amid looming tariff threats

Johnson & Johnson plans to spend more than $55 billion to build four plants in the U.S. over the next four...

Published 21 Mar, 2025 07:39pm

Commodities

Wheat steady-up 2 cents, corn and soybeans steady-down 2

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

Published 21 Mar, 2025 07:34pm

Commodities

Cocoa slides as stocks rise; coffee, sugar also slip

LONDON: Cocoa futures on the ICE exchange slid on Friday, heading near recent four-month lows as stocks held in...

Published 21 Mar, 2025 07:31pm

Forex

Sterling edges down but set for another weekly gain after BoE meeting

The British pound extended its decline against the dollar on Friday but was poised to end the week higher, a day...

Published 21 Mar, 2025 05:05pm

Forex

India’s foreign exchange reserves rise to over three-month high

MUMBAI: India’s foreign exchange reserves rose by $300 million to a more than three-month high of $654.27 billion as...

Published 21 Mar, 2025 05:03pm

Commodities

After hitting record high, gold price per tola falls Rs2,000 in Pakistan

After hitting record high in the previous session, gold prices fell in Pakistan on Friday, in line with their...

Updated 21 Mar, 2025 11:49pm

Commodities

Copper falls on stronger dollar, Comex premium near record high

LONDON: Copper prices fell on Friday under pressure from a stronger dollar, while mounting worries that the United...

Published 21 Mar, 2025 04:50pm

Stocks

IT and real estate stocks lift Sri Lankan shares higher

CSE All-Share index settled 1.38% higher at 15,879.33

Published 21 Mar, 2025 04:47pm

South Asia

Sri Lanka’s consumer prices drop 3.9% in February

Sri Lanka’s consumer prices fell 3.9% year-on-year in February after a 4% decline in January, official data showed...

Published 21 Mar, 2025 04:39pm

Money & Banking

Russia holds key rate at 21% as inflationary pressure remains high

MOSCOW: The Russian central bank kept its key rate on hold at 21% on Friday, in line with expectations, and said...

Published 21 Mar, 2025 04:30pm

Companies

AstraZeneca investing $2.5bn in China as drugmaker seeks to recover from scandals

LONDON: AstraZeneca said on Friday it will spend $2.5 billion on a research and development hub in Beijing, as the...

Published 21 Mar, 2025 04:27pm

Technology

Beijing boosts AI startup Manus, as China looks for the next DeepSeek

BEIJING: Chinese artificial intelligence startup Manus on Thursday registered its China-facing AI assistant and was...

Published 21 Mar, 2025 04:21pm

Stocks

Bargain-hunting boosts India’s Nifty 50 to best week in more than 4 years

India’s benchmark Nifty 50 index logged its largest weekly rise in more than four years on Friday, on signs that...

Published 21 Mar, 2025 04:17pm

Commodities

Palm slips lower with second straight weekly loss

JAKARTA: Palm oil closed lower on Friday and booked a second straight weekly loss due to weakness in Chicago soyoil...

Published 21 Mar, 2025 04:13pm

Industries & Sectors

CAT dismisses appeal of Dairy Farmer Association Karachi against penalties

The Competition Appellate Tribunal (CAT) has dismissed an appeal filed by the Dairy Farmer Association Karachi...

Updated 21 Mar, 2025 04:07pm

Business & Economy

ECC approves phasing out of SBP’s Rs330bn LTFF to Exim Bank

The Economic Coordination Committee (ECC) of the Cabinet on Friday decided to phase out the State Bank of Pakistan’s...

Updated 21 Mar, 2025 11:40pm

Stocks

Travel stocks drag European shares lower

European shares fell on Friday, led by travel stocks after a fire at Heathrow Airport, while investors continue to...

Published 21 Mar, 2025 01:43pm

Companies

Pakistani chemical maker shifts focus to furniture manufacturing

Shaffi Chemical Industries Limited (SHCI) has decided to change its principal line of business from manufacturing...

Updated 21 Mar, 2025 05:44pm

Forex

Ugandan shilling holds steady as market activity remains muted

At 0726 GMT commercial banks quoted the shilling at 3,660/3,670

Published 21 Mar, 2025 01:19pm

Business & Economy

Climate change threatens economic sustainability, says Aurangzeb

Finance Minister Muhammad Aurangzeb on Friday termed climate change as an “existential threat” that could undermine...

Updated 21 Mar, 2025 05:21pm

Commodities

Iron ore heads for weekly loss on caution over China demand prospects

BEIJING: Iron ore futures traded in a tight range on Friday, but were headed for a weekly loss due to mounting...

Published 21 Mar, 2025 11:14am

Forex

Indian rupee to withstand recovery in dollar index, hold on to weekly advance

MUMBAI: The Indian rupee is likely to show limited reaction on Friday to the dollar index’s recovery, with inflows...

Published 21 Mar, 2025 11:12am

Commodities

Wheat falls to near one-week low on stronger dollar, dismal demand

SINGAPORE: Chicago wheat slid for a fourth consecutive session on Friday, trading close to a one-week low as the...

Published 21 Mar, 2025 11:06am

Commodities

Copper dips as stronger dollar weighs on report of China’s stockpiling plans

Copper prices in London were pressured by a stronger dollar on Friday, which weighed on the impact of a media report...

Published 21 Mar, 2025 10:57am

Stocks

Rupee remains largely stable against US dollar

Currency settles at 280.26 against greenback

Updated 21 Mar, 2025 11:29pm

Forex

China’s yuan slips to one-week low, looks set for weekly drop

SHANGHAI: China’s yuan slipped to a one-week low against the dollar on Friday and looked set for a losing week,...

Published 21 Mar, 2025 09:58am

Commodities

Palm slips on weaker rival oils, eyes second straight weekly loss

JAKARTA: Malaysian palm oil futures opened lower on Friday, weighed down by the weakness in rival soyoils in the...

Published 21 Mar, 2025 09:54am

Bullion Rate

Gold set for third week of gains on global uncertainties, rate cut hopes

Gold was headed for a third straight week of gains on Friday after three consecutive record highs this week,...

Published 21 Mar, 2025 09:52am

Stocks

Australian, New Zealand dollars set to end week on gloomy note

SYDNEY: The Australian and New Zealand dollars are set to end the week on a downbeat note on Friday, as risk...

Published 21 Mar, 2025 09:49am

Stocks

Profit-taking drags KSE-100 down over 300 points

After hitting a record high in the previous session, some profit-taking was witnessed at the Pakistan Stock Exchange...

Updated 21 Mar, 2025 11:26pm

Stocks

Japan’s Topix hits 8-month high as inflation data lifts banks

TOKYO: Japan’s Topix index climbed to an eight-month high on Friday, as financials gained following...

Published 21 Mar, 2025 09:47am

Mutual Funds

Indian bond yields seen little changed after recent decline

MUMBAI: Indian government bond yields are likely to be little changed in early deals on Friday, with market...

Published 21 Mar, 2025 09:45am

Stocks

Indian shares seen muted; IT in focus after Accenture earnings

India’s benchmark indexes are set for a muted start on Friday after four sessions of gains, while information...

Published 21 Mar, 2025 09:43am

Forex

US dollar stands tall after Fed signals no rush to cut rates

TOKYO: The US dollar was on the front foot against major peers on Friday after its best single-day performance for...

Published 21 Mar, 2025 09:40am

Stocks

Asian stocks slide as growth, tariff worries weigh

SINGAPORE: Asian stocks fell on Friday in a downbeat end to the week as deepening geopolitical worries and fears...

Published 21 Mar, 2025 09:36am

Pakistan

Wheat procurement policy to be unveiled prior to start of harvesting: minister

LAHORE Opposition member Waqas Mann on Thursday raised concerns over the Punjab government’s delay in announcing...

Published 21 Mar, 2025 08:23am

Business & Finance

Business leaders sound a warning: Shortage of medical devices could lead to healthcare crisis

KARACHI: Pakistan is facing a shortage of medical devices, which could lead to a healthcare crisis if regulatory...

Published 21 Mar, 2025 07:53am

Industry

Uzbek envoy for speeding up process of industrial cooperation

ISLAMABAD: Uzbek Ambassador in Pakistan Alisher Tkhakayev has stressed the need for speeding up the process of...

Published 21 Mar, 2025 07:51am

Industry

PLGMEA delegation calls on TDAP chief

KARACHI: A delegation from the Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA),...

Published 21 Mar, 2025 07:38am

Pakistan

2023-24: PAC concerned at lapse of economic grants worth Rs58bn

ISLAMABAD: The Public Accounts Committee Thursday expressed serious concern over lapse of economic grants worth Rs58...

Published 21 Mar, 2025 07:35am

Companies

Meezan Bank, NED University partner to launch CIFFT

KARACHI: Meezan Bank and NED University of Engineering and Technology have signed a landmark Memorandum of...

Published 21 Mar, 2025 07:33am

Business & Finance

Key policy reforms: SECP sets up Sustainable Finance Advisory Group

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has established a Sustainable Finance Advisory...

Published 21 Mar, 2025 05:42am

Business & Finance

PM satisfied over PSX reaching all-time high trading volume

JEDDAH: Prime Minister Muhammad Shehbaz Sharif on Thursday expressed his satisfaction over Pakistan Stock Exchange...

Published 21 Mar, 2025 05:42am

Industry

KCCI requests extension of membership renewal deadline

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has formally requested an extension of the membership...

Published 21 Mar, 2025 05:42am

Business & Finance

US sanctions ‘Houthi-linked’ China oil refinery

WASHINGTON: The United States on Thursday sanctioned a China-based oil refinery that purchased Iranian oil worth...

Published 21 Mar, 2025 05:42am

Business & Finance

Forex reserves hit $16bn mark

KARACHI: Pakistan’s foreign exchange reserves climbed to $16 billion by the end of last week, marking a positive...

Published 21 Mar, 2025 05:42am

Companies

Jazz invests Rs53.9bn in 2024, registering 46.2pc YoY increase

ISLAMABAD: Jazz invested Rs53.9 billion in 2024 registering a 46.2 per cent year-on-year (YoY) increase to drive...

Updated 24 Mar, 2025 05:31pm

Money & Banking

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) will remain closed on March 23, 2025 (Sunday) being public holiday on the...

Published 21 Mar, 2025 05:42am

Money & Banking

Inflows, culling of shorts lift Indian rupee

MUMBAI: The Indian rupee rose for the seventh straight session on Thursday, its longest winning streak since January...

Published 21 Mar, 2025 05:42am

Money & Banking

Asian currencies: Rupiah gains after losses

BENGALURU: Indonesia’s rupiah snapped a three-day losing run and stocks extended gains on Thursday, a day after ...

Published 21 Mar, 2025 05:42am

Money & Banking

Dollar rises

NEW YORK: The dollar rose broadly on Thursday, a day after the Federal Reserve indicated it was in no rush to cut...

Published 21 Mar, 2025 05:42am

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 15	160.23
USD to Swiss Franc / Jun 15	0.79
Pound Sterling to USD / Jun 15	1.40
Euro to USD / Jun 15	1.16
SOFR % / Jun 15	3.60

Stock	Volume
S&P 500 / Jun 15	7,554.29
India Sensex / Jun 15	76,264.33
Tokyo Nikkei / Jun 15	69,317.50
Nasdaq / Jun 15	26,683.94
Hang Seng / Jun 15	24,842.67
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

Item	Value
Crude Oil USD/Barrel / Jun 15	81.48
Karachi Cotton PKR/37.32 KG / Jun 15	21,080
Gold 10 Grams PKR / Jun 15	389,600
Gold Spot USD/Ounce / Jun 15	4,317.83
Cotton US¢/pound / Jun 15	76.81
Petrol/Litre / Jun 16	373.78
Diesel/Litre / Jun 16	378.78

Gainers
Losers
Leaders

Stock	Price
Arctic Textile / Jun 12 Arctic Textile Mills Limited(ARCTM)	33.75 ▲ 3.07 (10.01%)
Zephyr Textile / Jun 12 Zephyr Textiles Limited(ZTL)	20.45 ▲ 1.86 (10.01%)
AN Textile Mills / Jun 12 AN Textile Mills Limited(ANTM)	37.02 ▲ 3.37 (10.01%)
Elahi Cotton / Jun 12 Elahi Cotton Mills Limited(ELCM)	285.76 ▲ 25.98 (10%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	161.26 ▲ 14.66 (10%)
Pak. P.V.C. / Jun 12 Pakistan PVC Limited(PPVC)	28.59 ▲ 2.6 (10%)
Int. Knit. / Jun 12 International Knitwear Limited(INKL)	92.20 ▲ 8.38 (10%)
Siddiqsons Tin / Jun 12 Siddiqsons Tin Plate Limited(STPL)	8.44 ▲ 0.73 (9.47%)
IGI Holdings / Jun 12 IGI Holdings Limited(IGIHL)	284.15 ▲ 23.93 (9.2%)
Leiner Pak Gelat / Jun 12 Leiner Pak Gelatine Limited(LPGL)	100.33 ▲ 8.38 (9.11%)

Stock	Price
Idrees Tex. / Jun 12 Idrees Textile Mills Limited(IDRT)	50.10 ▼ -5.57 (-10.01%)
Kohat Textile / Jun 12 Kohat Textile Mills Limited(KOHTM)	121.46 ▼ -13.49 (-10%)
Pak Agro Pack. (GEM) / Jun 12 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9.45 ▼ -1 (-9.57%)
Pak Qatar Family / Jun 12 Pak Qatar Family Takaful Limited(PAKQATAR)	22.19 ▼ -2.28 (-9.32%)
ARM Green Industries / Jun 12 ARM Green Industries Limited(ARMG)	46.40 ▼ -4.77 (-9.32%)
Power Cem(Pref) / Jun 12 Power Cement (Pref)(POWERPS)	23.80 ▼ -2.36 (-9.02%)
East West Ins. / Jun 12 East West Insurance Company Limited(EWIC)	48.54 ▼ -4.42 (-8.35%)
Unicap Modaraba / Jun 12 Unicap Modaraba(UCAPM)	5.20 ▼ -0.45 (-7.96%)
Pak Qatar Gen.Takaful / Jun 12 Pak Qatar General Takaful Limited(PQGTL)	15.42 ▼ -1.33 (-7.94%)
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	20.42 ▼ -1.72 (-7.77%)

Stock	Volume
Kohinoor Spinning / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	57,747,470 ▲ 0.15
B.O.Punjab / Jun 12 The Bank of Punjab(BOP)	52,924,034 ▲ 0.93
Sitara Petroleum Service / Jun 12 Sitara Petroleum Service Limited(SPSL)	52,648,271 ▲ 0.45
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	40,511,471 ▲ 0
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	35,896,472 ▲ 4.01
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	33,427,696 ▼ -1.72
F. Nat.Equities / Jun 12 First National Equities Limited(FNEL)	28,855,016 ▼ -0.02
TPL Corp Ltd / Jun 12 TPL Corp Limited(TPL)	25,681,007 ▼ -0.82
Pak Int.Bulk / Jun 12 Pakistan International Bulk Terminal(PIBTL)	24,755,100 ▲ 0.24
Waves Home Appliances / Jun 12 Waves Home Appliances Limited(WAVESAPP)	20,120,122 ▲ 0.31

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