News Archives for Business & Finance - 2025-04-03

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Business & Finance - 2025-04-03

Business & Finance

Business community hails govt decision to reduce electricity prices

The business community on Thursday welcomed the government to reduce electricity prices, calling it a significant...

Published 03 Apr, 2025 11:48pm

Markets

Trump’s trade war: a challenge with an opportunity for Pakistan textiles

Trump’s tariff hike sent shockwaves through global trade on Thursday, raising concerns among industries worldwide....

Updated 03 Apr, 2025 10:28pm

Forex

SBP-held foreign exchange reserves increase $70mn, now stand at $10.68bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $70 million on a weekly basis,...

Published 03 Apr, 2025 08:14pm

Asia

Trump tariff shock stings Bangladesh, Sri Lanka garment giants, may help India

DHAKA/COLOMBO/MUMBAI: Bangladeshi garment exporter Shahidullah Azim woke up on Thursday to the shock of U.S....

Published 03 Apr, 2025 07:17pm

Business & Finance

US trade gap narrows in February as bulk of Trump tariffs loomed

WASHINGTON: The US trade deficit narrowed in February, according to government data Thursday that was collected...

Published 03 Apr, 2025 06:43pm

Money & Banking

Morgan Stanley expects no rate cuts from the Fed this year

Morgan Stanley said on Thursday it expects the U.S Federal Reserve will not cut rates this year due to potential...

Published 03 Apr, 2025 06:27pm

Commodities

New record high: gold price per tola jumps to Rs325,500 in Pakistan

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

Published 03 Apr, 2025 06:08pm

Europe

Spain unveils $15.66bn plan to protect economy from US tariffs

MADRID: The Spanish government will implement a 14.1-billion-euro ($15.66 billion) plan to cushion the impact of the...

Published 03 Apr, 2025 05:34pm

Commodities

Asia rice: Trump’s tariffs, surplus sink Thai rice prices to over 3-yr low

Prices of rice shipped from Thailand declined to an over three-year low this week due to U.S. President Donald...

Published 03 Apr, 2025 05:24pm

Forex

Sterling soars to six-month high as traders dump dollars

Sterling climbed to a six-month high against the dollar on Thursday as traders abandoned the U.S. currency after...

Published 03 Apr, 2025 05:15pm

Energy

OPEC+ to advance oil output hike plan, oil drops

LONDON/MOSCOW: Eight OPEC+ countries agreed on Thursday to advance their plan for oil output hikes by increasing oil...

Published 03 Apr, 2025 05:06pm

Commodities

Chicago grains slip on fears of tariff retaliation

PARIS/BEIJING: Chicago soybean, corn and wheat futures slid on Thursday amid concerns that new U.S. tariffs could...

Published 03 Apr, 2025 05:03pm

Stocks

Indian shares endure US tariff jolt; relatively lower duties limit losses

Indian stocks weathered U.S. President Donald Trump’s tariff storm with minor bruises on Thursday as investors...

Published 03 Apr, 2025 05:00pm

Stocks

Sri Lankan shares close lower as US tariffs rattle Asian markets

Sri Lankan shares closed lower on Thursday, in line with other Asian countries hit with reciprocal tariffs from the...

Published 03 Apr, 2025 04:57pm

Commodities

Palm falls as Trump tariffs trigger profit booking

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday, snapping a four-session rally, as profit-taking...

Published 03 Apr, 2025 04:54pm

Technology

OpenAI to raise $40 billion to boost AI efforts

OpenAI said on Monday it would raise $40 billion in a new funding round led by SoftBank Group at a $300 billion...

Published 03 Apr, 2025 04:53pm

USA

Trump’s tariffs stoke global trade war as China, EU hit back

WASHINGTON/BEIJING/BRUSSELS: President Donald Trump’s move to slap a 10% tariff on most goods imported to the United...

Published 03 Apr, 2025 03:54pm

South Asia

Sri Lanka warns US tariffs threaten ‘thousands’ of jobs

COLOMBO: Sri Lanka’s apparel manufacturing industry warned on Thursday that sweeping US tariffs will disrupt the...

Published 03 Apr, 2025 03:31pm

Asia

Trump signs order ending duty-free treatment for cheap shipments from China

WASHINGTON: U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole known as...

Published 03 Apr, 2025 03:27pm

Business & Economy

PM Shehbaz unveils Rs7.41 per unit electricity rate cut to boost ailing economy

Govt announces Rs7.59 per unit power rate cut for commercial users

Updated 03 Apr, 2025 10:32pm

Business & Finance

Trump tariffs endanger global economic stability, ECB officials say

FRANKFURT: U.S. President Donald Trump’s decision to impose a raft of tariffs on key trade partner endangers global...

Published 03 Apr, 2025 03:21pm

Stocks

Gulf bourses in red on Trump’s sweeping tariffs

Stock markets in the Gulf ended lower on Thursday due to concerns that sweeping U.S. reciprocal tariffs will worsen...

Updated 03 Apr, 2025 06:18pm

Forex

South African rand hit by double whammy of tariffs and shaky coalition

JOHANNESBURG: South Africa’s rand was hovering near a three-month low on Thursday after being hit by a double-whammy...

Published 03 Apr, 2025 03:01pm

Companies

Trump tariffs bad for global economy and trade, Maersk says

COPENHAGEN: Shipping company Maersk said on Thursday that the tariffs announced by U.S. President Donald Trump on...

Published 03 Apr, 2025 02:51pm

Asia

Singapore disappointed with 10% tariffs, will seek negotiation with the US

SINGAPORE: Singapore was disappointed to be slapped with U.S. tariffs of 10% despite the wealthy Asian financial hub...

Published 03 Apr, 2025 02:43pm

Commodities

Base metals fall as Trump’s reciprocal tariffs boost demand concerns

LONDON: Base metals fell in London on Thursday with copper hitting its lowest in more than three weeks as investors...

Published 03 Apr, 2025 02:41pm

Markets

Inflation drops to 59-year low at 0.7% in March 2025

CPI inflation lowest since December 1965

Updated 03 Apr, 2025 11:55pm

Business & Economy

US tariffs will hurt Pakistani products’ competitiveness, experts warn

'Biggest assault yet on global economic system' says one expert

Updated 03 Apr, 2025 10:10pm

Stocks

European stock futures fall over 2% after Trump’s tariff announcement

MILAN: European stock futures plunged on Thursday after US President Donald Trump unveiled more tariffs on trading...

Published 03 Apr, 2025 12:27pm

Energy

TPL confirms natural gas pocket as fire burns for 6th day at Karachi’s Korangi Creek

TPL Properties says gas pocket is expected to dissipate naturally over time provided the flame is allowed to burn

Updated 03 Apr, 2025 01:01pm

Technology

K-Electric turns to startups to help solve Pakistan’s energy woes—will it work?

In the world of big businesses, innovation often takes a backseat. Large corporations, with their rigid hierarchies...

Updated 03 Apr, 2025 11:38pm

Mutual Funds

Euro zone yields fall, markets boost bets on ECB rate cuts after US tariff announcement

Euro zone government bond yields dropped and markets increased their bets on future European Central Bank rate cuts...

Published 03 Apr, 2025 11:53am

Business & Finance

What’s in Trump’s sweeping new reciprocal tariff regime

WASHINGTON: US President Donald Trump smashed a more than 75-year-old global trading system with a new baseline 10%...

Published 03 Apr, 2025 11:34am

Stocks

Australian shares crash in Trump tariff meltdown

Australian shares plunged 2% in a sea of red on Thursday as investors recoiled after US President Donald Trump...

Published 03 Apr, 2025 10:51am

Stocks

Japan’s Nikkei slumps to 8-month low on Trump’s tariff shock

TOKYO: Japan’s Nikkei share average slumped to an eight-month low on Thursday after US President Donald Trump...

Published 03 Apr, 2025 10:48am

Mutual Funds

Tariff-led fall in Treasury yields to nudge Indian bond yields lower

MUMBAI: Indian government bond yields are set to fall at the open on Thursday, tracking a decline in US Treasury...

Published 03 Apr, 2025 10:46am

Stocks

Indian shares set to fall as US tariffs hit markets

Indian shares are set to open lower on Thursday after US President Donald Trump imposed a 26% reciprocal tariff on...

Published 03 Apr, 2025 10:44am

Business & Finance

Egypt’s non-oil private sector contracts in March as demand weakens, PMI shows

CAIRO: Egypt’s non-oil private sector slipped into contraction in March, marking the first downturn of 2025 as...

Published 03 Apr, 2025 10:42am

Companies

Mitsubishi plans to invest $27 billion over next 3 years to drive growth

TOKYO: Japanese trading house Mitsubishi Corp said on Thursday it planned to invest at least 4 trillion yen ($27...

Published 03 Apr, 2025 10:40am

Forex

Dollar slides as traders rush into safe havens after US tariffs

SINGAPORE: The dollar slid broadly on Thursday, while the euro was steady after US President Donald Trump announced...

Published 03 Apr, 2025 10:34am

Currency

Rupee weakens against US dollar

Currency settles at 280.56 against greenback

Updated 03 Apr, 2025 06:47pm

Energy

Oil slumps over 7% on Trump tariffs, OPEC+ boosting output

Brent futures were down $5.33, or 7.11%, at $69.62 a barrel by 1504 GMT

Updated 03 Apr, 2025 09:08pm

Stocks

Stocks slump as trade war stirs recession fear

SINGAPORE: Stocks dived on Thursday and investors scrambled for the safety of bonds, gold and the yen, fearing new...

Published 03 Apr, 2025 10:25am

Stocks

KSE-100 settles at new all-time high as investors celebrate electricity rate cut

Brushing off initial concerns over US President Donald Trump’s sweeping reciprocal tariffs on over 180 countries,...

Updated 03 Apr, 2025 10:32pm

Energy

Mari Energies announces 3rd discovery of hydrcarbons at Spinwam-1 well

Says well has flowed 23.85 MMSCFD of gas

Published 03 Apr, 2025 10:07am

Industry

FPCCI body leader praises federal govt’s economic policies

KARACHI: The Convener of the Standing Committee on Energy of the Federation of Pakistan Chambers of Commerce and...