News Archives for Business & Finance - 2025-04-07

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Business & Finance - 2025-04-07

South Asia

After Trump, EU seeks zero tariff from India on car imports, sources say

NEW DELHI: The European Union wants India to eliminate tariffs on car imports under a long-pending trade deal and...

Published 07 Apr, 2025 10:49pm

Markets

Pakistan bonds decline over 13 cents as frontier market suffers heavy sell-off

Posts single biggest decline across many maturities since Russia’s full-scale invasion of Ukraine shook markets in early 2022

Updated 07 Apr, 2025 11:49pm

Markets

Trump’s tariff: Pakistan officials in ‘continuous contact’ with US authorities, says Commerce minister

Authorities yet to reveal strategy to deal with 29% reciprocal tariff on Pakistani goods to United States

Updated 07 Apr, 2025 11:49pm

Technology

Binance founder Changpeng Zhao appointed as strategic advisor to Pakistan Crypto Council

Pakistan government has appointed Changpeng Zhao (CZ), founder of Binance and an influential figure in Web3, as a...

Updated 07 Apr, 2025 11:51pm

Stocks

Hong Kong stocks plunge on worst day since 1997

HONG KONG: Shares in Hong Kong plummeted more than 13 percent Monday on their worst day in almost three decades as...

Published 07 Apr, 2025 02:24pm

Stocks

European shares close at over 14-month low as trade war volatility grips markets

European shares slumped in a volatile session on Monday, with the STOXX 600 closing at its lowest since January...

Updated 07 Apr, 2025 09:51pm

Business & Economy

Trump’s tariff threat: Pakistan’s $3.3bn trade surplus with US at risk, says report

Amid escalating US trade protectionism, Pakistan must adopt a proactive and strategic approach to safeguard its...

Updated 07 Apr, 2025 11:52pm

Mutual Funds

JGB yields hit multi-month lows as US tariffs sow recession fears

TOKYO: Japanese government bond yields hit multi-month lows on Monday, as worries about a global recession from...

Published 07 Apr, 2025 01:32pm

Mutual Funds

Philippines awards $427mn T-bill offer

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:...

Published 07 Apr, 2025 01:30pm

Business & Finance

South Africa’s net foreign reserves rise to $63.167 billion in March

JOHANNESBURG: South Africa’s net foreign reserves rose to $63.167 billion at the end of March from $61.733 billion...

Published 07 Apr, 2025 01:27pm

Business & Finance

Airbus delivered 71 airplanes in March, sources say

PARIS: Airbus delivered 71 jets in March, bringing first-quarter deliveries to 136 units, industry sources said. The...

Published 07 Apr, 2025 01:26pm

Business & Finance

German exports rise, industrial production falls

German exports rose more than expected in February but industrial production fell, showing the struggle of the...

Published 07 Apr, 2025 01:21pm

Energy

Shell lowers first-quarter LNG production outlook

LONDON: Shell lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update on...

Published 07 Apr, 2025 12:49pm

Stocks

Australian stock index down 4.2% at close

SYDNEY: Australia’s benchmark stock index closed 4.23 percent lower on Monday, recording one of its worst trading...

Published 07 Apr, 2025 12:01pm

Commodities

Chicago soybeans firm, still near year low on China tariffs

BEIJING: Chicago soybean futures rose on Monday, but hovered near its lowest level this year hit in the previous...

Published 07 Apr, 2025 11:24am

Forex

Australia dollar dives to five-year low as markets bet on big rate cuts

SYDNEY: The Australian dollar dived to five-year lows on Monday, slammed by fears that a tit-for-tat global trade...

Published 07 Apr, 2025 11:22am

Forex

China’s yuan hits 2-1/2-month low as Sino-US trade tensions raise growth fears

SHANGHAI: China’s yuan slipped to a 2-1/2-month low against the dollar on Monday, dragged down by intensifying trade...

Published 07 Apr, 2025 11:15am

Business & Finance

Engro Energy denies breach, terminates EPQL SPA after acquirer’s withdrawal

Engro Energy Limited (EEL), the parent company of Engro Powergen Qadirpur Limited (EPQL), denied any “breach and...

Updated 07 Apr, 2025 01:34pm

Commodities

Palm opens lower on weaker rival oils, crude oil prices

KUALA LUMPUR: Malaysian palm oil futures opened lower on Monday for a third consecutive session, pressured by weaker...

Published 07 Apr, 2025 11:12am

Stocks

Japan’s Nikkei sinks to 1-1/2-year low as bank shares tumble

TOKYO: Japan’s Nikkei share average slumped on Monday to the lowest level in 1-1/2 years, with the index of Japanese...

Updated 07 Apr, 2025 12:21pm

Stocks

China stocks sink on trade war fears; Hong Kong dives 9%

SHANGHAI: Hong Kong and Chinese stocks dived on Monday after Beijing fired back at US tariffs with its own trade...

Published 07 Apr, 2025 11:07am

Business & Finance

Goldman Sachs raises odds of US recession to 45%

SINGAPORE: Goldman Sachs has raised the odds of a US recession to 45% in the next 12 months, joining other...

Published 07 Apr, 2025 11:02am

Commodities

Dalian iron ore slides to over two-week low on trade war jitters

SINGAPORE: Iron ore futures prices sank on Monday, dragged lower by tit-for-tat tariffs between the US and top...

Published 07 Apr, 2025 11:00am

Stocks

South Korean shares plunge to 17-month low as US tariff worries dominate

The benchmark KOSPI was down 113.43 points, or 4.60%, at 2,351.99

Published 07 Apr, 2025 10:55am

Bullion Rate

Gold drops to 3-1/2-week low as market sell-off hits bullion

Gold prices fell to a more-than-three-week low on Monday amid a wider market sell-off, continuing their retreat as...

Published 07 Apr, 2025 10:52am

Business & Finance

Saudi Arabia’s non-oil business sector resilient in March, PMI shows

DUBAI: Saudi Arabia’s non-oil private sector activity grew rapidly in March with new orders boosted by lower prices...

Published 07 Apr, 2025 10:46am

Stocks

Indian shares tumble as trade war, US recession fears fuel turmoil

Indian shares fell sharply on Monday as concerns over a trade war and growing recession fears in the US continued to...

Published 07 Apr, 2025 10:42am

Business & Finance

India’s Tata Motors slides 10% after luxury arm JLR pauses exports to US

Shares of India’s Tata Motors sank 10% on Monday, set for their worst day in over three years, as its luxury car...

Published 07 Apr, 2025 10:39am

Energy

Crude oil’s demand woes shown by softer Q1 Asia imports: Russell

LAUNCESTON: Crude oil prices are tumbling in the wake of US President Donald Trump’s upending of global trade. But...

Published 07 Apr, 2025 10:37am

Business & Finance

Samsung says TV business to be less affected by US tariffs due to Mexico output

SEOUL: Samsung Electronics’ television business is expected to be less affected by US tariffs than rivals because...

Published 07 Apr, 2025 10:33am

South Asia

India sees no hit to projected growth from US tariffs, economists remain sceptical

NEW DELHI: India may still meet its 6.3%-6.8% growth projection for the 2025/26 fiscal year that started on April 1...

Published 07 Apr, 2025 10:23am

Mutual Funds

Indian bond yields rise slightly on tumbling rupee, stocks

MUMBAI: Indian government bond yields inched up in early deals on Monday as rising global trade tensions weakened...

Published 07 Apr, 2025 10:20am

Currency

Rupee slips lower against US dollar

Currency settles at 280.57 against US dollar

Updated 07 Apr, 2025 06:22pm

Stocks

PSX stages partial comeback, KSE-100 settles down 3,900 points

During the day, the KSE-100 lost nearly 8,700 points

Updated 07 Apr, 2025 11:50pm

Forex

Indian rupee slumps in NDF market on risk rout sparked by US tariffs

MUMBAI: The Indian rupee weakened against the U.S. dollar in the non-deliverable forward market on Monday on severe...

Published 07 Apr, 2025 07:56am

Forex

Yen, Swiss franc jump in volatile trade as global recession fears grow

SINGAPORE: Investors poured into safe havens like the yen and Swiss franc on Monday and heavily sold the...

Published 07 Apr, 2025 07:51am

Stocks

Stocks dive in Asia, markets hunger for rapid US rate cuts

SYDNEY: Major stock indexes plunged in Asia on Monday as White House officials showed no sign of backing away from...

Published 07 Apr, 2025 07:46am

Energy

Oil prices ease to near 4-year low as US trade conflict fuels recession fears

NEW YORK: Oil prices eased about 1% to a near four-year low on Monday on worries U.S. President Donald Trump’s...

Updated 07 Apr, 2025 09:46pm

Business & Finance

Prices of essential food items remain steady

PESHAWAR: Prices of essential food commodities remained firm in the retail market. A weekly-market survey conducted...

Published 07 Apr, 2025 02:49am

Money & Banking

Canadian dollar pares weekly gain

TORONTO: The Canadian dollar weakened against its US counterpart on Friday, giving back some of its weekly gain, as...

Published 07 Apr, 2025 02:49am

Money & Banking

Sterling drops sharply against dollar

LONDON: Sterling fell against the dollar and the yen, while hitting a seven-month low versus the euro on Friday as...

Published 07 Apr, 2025 02:49am

Taxes

KPRA collects Rs37.37bn in nine months of FY 2024-25

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has collected Rs 37.37 billion in the first nine months of...

Published 07 Apr, 2025 02:49am

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 12	160.24
USD to Swiss Franc / Jun 12	0.80
Pound Sterling to USD / Jun 12	1.34
Euro to USD / Jun 12	1.16
SOFR % / Jun 12	3.63

Stock	Volume
S&P 500 / Jun 12	7,431.46
India Sensex / Jun 12	75,527.95
Tokyo Nikkei / Jun 12	66,020.04
Nasdaq / Jun 12	25,888.84
Hang Seng / Jun 12	24,718.10
FTSE 100 / Jun 12	10,471.72
Dow Jones / Jun 12	51,202.26
Germany DAX 30 / Jun 12	24,635.30
France CAC40 / Jun 12	8,350.87

Item	Value
Crude Oil USD/Barrel / Jun 12	84.88
Karachi Cotton PKR/37.32 KG / Jun 12	21,780
Gold 10 Grams PKR / Jun 12	375,947
Gold Spot USD/Ounce / Jun 12	4,219.33
Cotton US¢/pound / Jun 12	76.42
Petrol/Litre / Jun 14	373.78
Diesel/Litre / Jun 14	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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