News Archives for Business & Finance - 2025-04-08

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Business & Finance - 2025-04-08

Markets

Pakistan International Airlines returns to profit after 21 years

National flag carrier records Rs26.2 billion net profit for 2024

Published 08 Apr, 2025 11:32pm

Stocks

TSX rebounds as investors await negotiations over tariffs

Canada’s main stock index rose on Tuesday after three straight sessions of losses as information and technology...

Published 08 Apr, 2025 09:47pm

Stocks

European shares notch best session since Nov. 2022 after tariff-sparked pullback

European shares rose from 14-month lows on Tuesday, after four straight sessions of heavy selling, although...

Published 08 Apr, 2025 09:45pm

Pakistan

Pakistan, Turkiye sign joint bidding agreement for offshore oil, gas exploration

Pakistan and Turkiye on Tuesday signed a joint bidding agreement to participate in the country’s offshore oil and...

Published 08 Apr, 2025 08:44pm

Stocks

Wall Street rebounds sharply on hopes of tariff talks

Wall Street’s main indexes on Tuesday bounced back from a heavy selloff, led by technology stocks, on hopes of the...

Published 08 Apr, 2025 07:50pm

Companies

WTO aims to reduce staffing costs after US funding pause

GENEVA: The World Trade Organization said on Tuesday it is reviewing staff costs after the United States paused...

Published 08 Apr, 2025 07:11pm

Asia

South Korea’s acting president talks with Trump ahead of 25% tariff

SEOUL: South Korea’s acting President Han Duck-soo on Tuesday spoke with President Donald Trump over the phone, a...

Published 08 Apr, 2025 06:54pm

Commodities

Gold rebounds above $3,000/oz as trade war fears, weaker dollar support

Gold prices rose back above $3,000 per ounce on Tuesday as a weaker U.S. dollar and escalating trade tensions...

Published 08 Apr, 2025 06:43pm

Commodities

Wheat up 6-7 cents, corn up 2-3, soy up 9-10

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

Published 08 Apr, 2025 06:39pm

Stocks

Gulf bourses rebound in line with global shares

Stock markets in the Gulf ended higher on Tuesday, rebounding from a global selloff on hopes that the U.S. might be...

Published 08 Apr, 2025 06:35pm

Companies

European pharma companies warn Trump’s tariffs could expedite shift to US

FRANKFURT/LONDON: European pharma companies warned the European Commission president at a meeting on Tuesday that...

Published 08 Apr, 2025 06:32pm

Commodities

Chicago soybeans recover as tariff frenzy subsides

PARIS/BEIJING: Chicago soybean futures rose on Tuesday to move away from a four-month low, tracking a wider recovery...

Published 08 Apr, 2025 05:51pm

Companies

Micron to impose tariff-related surcharge on some products from April 9

SHANGHAI/TAIPEI: US memory chipmaker Micron Technology has told U.S. customers it plans to impose a surcharge on...

Published 08 Apr, 2025 05:48pm

USA

China tariff escalation a big mistake, US Treasury Secretary says

WASHINGTON: U.S. tariff negotiations are the result of calls from other countries not sliding financial markets and...

Published 08 Apr, 2025 05:42pm

Asia

Indonesia announces trade concessions for US ahead of talks

JAKARTA: Indonesia announced a raft of concessions on U.S. imports Tuesday, including reducing taxes on electronic...

Published 08 Apr, 2025 05:37pm

Commodities

Cocoa hits 5-month lows as recession fears haunt markets

LONDON: Cocoa prices hit fresh five-month lows on Tuesday as investors remain rattled by recession risks in the wake...

Published 08 Apr, 2025 05:34pm

Technology

EU decisions on Apple, Meta due in coming weeks, antitrust chief says

BRUSSELS: An EU decision on whether Apple and Meta have breached landmark tech rules aimed at curbing their market...

Published 08 Apr, 2025 05:29pm

Europe

UK finance minister says she will meet US treasury secretary ‘shortly’

LONDON: British finance minister Rachel Reeves said on Tuesday she would meet U.S. Treasury Secretary Scott Bessent...

Updated 08 Apr, 2025 08:15pm

Asia

Taiwan activates $15 billion stock stabilisation fund after precipitous falls

TAIPEI: Taiwan authorised the activation of its $15 billion stock stabilisation fund on Tuesday to prop up the...

Published 08 Apr, 2025 05:10pm

Europe

Europe and the US should have zero tariffs between them, Finnish foreign minister says

STOCKHOLM: Europe and the United States should have zero tariffs between them and Europe should aim for that in...

Published 08 Apr, 2025 05:01pm

USA

Trump to sign executive orders to boost coal industry, sources say

WASHINGTON: U.S. President Donald Trump will sign executive orders on Tuesday aimed at boosting the nation’s coal...

Updated 08 Apr, 2025 05:31pm

Commodities

China boosts Indian rapeseed meal purchases after tariff on Canadian imports

MUMBAI: China has bought 52,000 tons of Indian rapeseed meal in the past three weeks - four times the amount Beijing...

Published 08 Apr, 2025 04:52pm

Markets

Gold price per tola falls Rs2,000 in Pakistan

The gold price per tola fell Rs2,000 in Pakistan, in line with the decline in international rates. In the local...

Published 08 Apr, 2025 04:49pm

Commodities

Jordan gets 4 participants in 120,000 metric ton wheat tender, traders say

HAMBURG: Four trading companies are believed to be taking part so far in the international tender on Tuesday from...

Published 08 Apr, 2025 04:42pm

Stocks

Indian shares rebound on bargain buying ahead of RBI rate decision

India’s benchmark equity indexes rose on Tuesday, lifted by bargain buying and a broader Asian rally, as hopes that...

Published 08 Apr, 2025 04:39pm

Stocks

Sri Lankan shares log biggest intra-day gain in nearly 2 years amid tariff talk hopes

Sri Lankan shares closed higher on Tuesday, tracking gains in Asian peers, on hopes that Washington is willing to...

Published 08 Apr, 2025 04:36pm

Commodities

Copper and aluminium edge up after sharp sell-off

LONDON: Copper and aluminium prices rose in London on Tuesday, pausing a sharp sell-off triggered by worsening...

Published 08 Apr, 2025 04:33pm

Commodities

Palm oil rebounds to track Chicago soyoils, crude oil higher

JAKARTA: Malaysian palm oil futures inched higher on Tuesday, snapping three consecutive sessions of losses,...

Published 08 Apr, 2025 04:29pm

Companies

Cash-starved PIA to achieve profitability for first time since 2003: Bloomberg

PIA Holding Co., the national airline of Pakistan, is set to report its first annual profit in more than two...

Updated 08 Apr, 2025 06:37pm

Companies

Deepal introduces Pakistan’s first 0% interest-free, shariah-compliant EMI plan for EVs

Deepal, Pakistan’s leading EV brand, has unveiled an exclusive, first-of-its-kind installment plan designed to make...

Updated 08 Apr, 2025 04:05pm

Companies

IGI Investments withdraws PAI to acquire 40.63% stake in Mitchell’s Fruit Farms

IGI Investments (Private) Limited has withdrawn its public announcement of intention (PAI) to acquire a 40.63% stake...

Published 08 Apr, 2025 03:26pm

Markets

NRL discovers copper-gold mineralization in Chagai

National Resources Limited (NRL), a subsidiary of YB Pakistan Limited, Reliance Commodities (Private) Limited and...

Published 08 Apr, 2025 01:42pm

Markets

Reko Diq to transform Pakistan into ‘top global mining jurisdictions’, says Barrick CEO

Bristow says Reko Diq to become major contributor to Pakistan’s economy

Updated 08 Apr, 2025 08:24pm

Stocks

European shares rise after four-day pullback

European shares bounced off 14-month lows in early trading on Tuesday after four straight sessions of heavy selling,...

Published 08 Apr, 2025 12:57pm

Industry

Trillions of dollar mineral wealth can free Pakistan from IMF dependence: PM Shehbaz

Deputy Prime Minister Ishaq Dar says Pakistan’s resource corridor poised to reshape global supply chain

Updated 08 Apr, 2025 06:38pm

Business & Finance

Indonesia’s annual inflation rate at 1.03% in March

JAKARTA: Indonesia’s annual inflation rate was 1.03% in March, data showed on Tuesday, below the 1.17% rate expected...

Published 08 Apr, 2025 11:31am

Forex

China’s yuan hits 2023 lows on signs PBOC is tolerant of some weakness

SHANGHAI: China’s yuan fell to its weakest level since 2023 on Tuesday after the central bank slightly loosened its...

Published 08 Apr, 2025 11:28am

Business & Finance

Aurangzeb meets ECO Secretary General to boost regional cooperation

In a significant step towards boosting regional integration and economic ties, Finance Minister Muhammad Aurangzeb...

Published 08 Apr, 2025 11:28am

Stocks

China, Hong Kong stocks rise with regional markets, Beijing support

HONG KONG: China and Hong Kong stocks rose on Tuesday, steadying in the wake of stronger regional markets and...

Published 08 Apr, 2025 11:26am

Stocks

Banks, miners propel Australian shares higher day after global market rout

Australian shares rose on Tuesday, buoyed by gains in banks and miners, while investors saw relief in Treasurer Jim...

Published 08 Apr, 2025 11:24am

Forex

Australia, NZ dollars saved by short squeeze, troubles far from over

SYDNEY: The Australian and New Zealand dollars were trying to find their footing on Tuesday after a squeeze on short...

Published 08 Apr, 2025 11:18am

Energy

Mari Energies announces 4th discovery of hydrcarbons at Spinwam-1 well

Mari Energies Limited announced on Tuesday the fourth discovery of hydrocarbon reserves at the Spinwam-1 Lockhart...

Published 08 Apr, 2025 11:17am

Stocks

Japan’s Nikkei jumps 6%, rebounds from 1-1/2-year low on US tech boost

TOKYO: Japan’s Nikkei share average rose 6% on Tuesday in a widespread rally, rebounding from a 1-1/2-year low hit...

Published 08 Apr, 2025 11:15am

Commodities

Chicago soybeans firm on softer dollar; weather concerns buoy wheat, corn

BEIJING: Chicago soybean futures firmed on Tuesday supported by a softer dollar, although escalating US-China trade...

Published 08 Apr, 2025 11:13am

Commodities

Dalian iron ore slumps to near 3-month low as Sino-US tariff tension weighs

SINGAPORE: Iron ore futures prices fell for a third consecutive session on Tuesday, pressured by escalating trade...

Published 08 Apr, 2025 11:07am

Forex

Indonesia rupiah, stocks slump on tariff shocks after extended break

Indonesia’s rupiah dropped to a record low and the stock market was headed for its biggest one-day drop in over 13...

Published 08 Apr, 2025 11:04am

Stocks

Sri Lankan shares rebound, tracking Asian peers on trade optimism

Sri Lankan shares rose over 3% on Tuesday, tracking gains in Asian peers, on hopes that Washington is willing to...

Published 08 Apr, 2025 10:59am

Bullion Rate

Gold rises as trade war jitters revive safe-haven demand

Gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns...

Published 08 Apr, 2025 10:50am

Forex

Dollar frail as traders look for safe havens on tariff turmoil

SINGAPORE: The safe havens yen and Swiss franc held near six-month highs on Tuesday while the US dollar nursed broad...

Published 08 Apr, 2025 10:47am

Stocks

Japan leads Asian equity bounce, yields rise on trade optimism

TOKYO: Asian stocks bounced off 1-1/2-year lows and US stock futures pointed higher on Tuesday, as markets caught...

Published 08 Apr, 2025 10:45am

Mutual Funds

India bond yields rise slightly tracking US Treasuries; traders eye RBI policy

MUMBAI: Indian government bond yields were marginally higher in early deals on Tuesday, tracking a sharp uptick in...

Published 08 Apr, 2025 10:42am

Stocks

Indian shares rise on bargain buying as Asia rebounds on tariff talk hopes

India’s benchmark indexes on Tuesday rebounded from the previous session’s sharp selloff as bargain hunting and a...

Published 08 Apr, 2025 10:41am

Energy

Oil prices hold around multi-year lows as China braces for US trade war

LONDON: Oil prices steadied on Tuesday but remained near four-year lows as a recovery in equity markets was...

Updated 08 Apr, 2025 06:47pm

Business & Economy

Pakistani fintech Haball secures $52mn funding to grow Islamic finance business, plans Middle East foray

KARACHI: Haball, a Pakistan fintech firm, raised $52 million to expand its shariah-compliant supply chain financing...

Updated 08 Apr, 2025 06:38pm

Commodities

Palm oil rebounds to track Chicago soyoils, crude oil higher

JAKARTA: Malaysian palm oil futures gained on Tuesday, snapping three consecutive sessions of losses, underpinned by...

Published 08 Apr, 2025 10:27am

Currency

Rupee falls further against US dollar

Currency settles at 280.73 against greenback

Updated 08 Apr, 2025 10:05pm

Exchange

PSX rebounds, KSE-100 settles with over 600-point gain

After shedding nearly 3,900 points during the previous session, the Pakistan Stock Exchange (PSX) rebounded on...

Updated 08 Apr, 2025 11:37pm

Industry

Planning minister for upgrading textile industry

ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal stressed that the country’s...

Published 08 Apr, 2025 07:30am

Business & Finance

Leased properties, lands with commercial potential: Minister asks Railways to submit data

LAHORE: Federal Minister for Railways Muhammad Hanif Abbasi has directed all railway divisions to submit...

Published 08 Apr, 2025 07:27am

Industry

FPCCI to host ASEAN delegation on 21st

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the Federation of Pakistan Chambers of Commerce and...

Published 08 Apr, 2025 07:25am

Taxes

Pressure for choice posting: FBR re-instates suspended officer

ISLAMABAD: The Federal Board of Revenue (FBR) has re-instated a custom official (Secretary FBR), who was suspended...

Published 08 Apr, 2025 05:40am

Money & Banking

Investors pile into safe-haven currencies

NEW YORK: Investors bought into safe havens such as the dollar, yen and Swiss franc on Monday as concerns about a...

Published 08 Apr, 2025 05:40am

Industry

SECP issues concept paper to reinvigorate Waqf institution

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is exploring the revival and modernization of...

Published 08 Apr, 2025 05:40am

Taxes

Tariff-related concerns: Jam vows support to fruit, juice sector

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan chaired a meeting with the Fruit Juice Council and leading...

Published 08 Apr, 2025 05:40am

Business & Finance

Trump threatens further 50pc tariffs on China, stacking on earlier rate

WASHINGTON: US President Donald Trump on Monday threatened huge additional tariffs on imports from China if Beijing...

Updated 08 Apr, 2025 07:41am

Business & Finance

Major garment producer Bangladesh says US buyers halting orders

DHAKA: US buyers have begun halting orders from Bangladesh, the world’s second-biggest garment manufacturer, after...

Published 08 Apr, 2025 05:40am

Pakistan

Customs Appellate Tribunal, PHC, SC: FTO directs FBR to release confiscated 170 tolas gold

ISLAMABAD: The intervention of the Federal Tax Ombudsman (FTO) may force the Federal Board of Revenue (FBR) to...

Published 08 Apr, 2025 05:40am

Taxes

KTBA concerned at FBR’s HS Codes, UoM requirements

KARACHI: The Karachi Tax Bar Association (KTBA) has formally raised concerns regarding the Federal Board of...

Published 08 Apr, 2025 05:40am

Business & Finance

SECP proposes major reforms to expedite issuance of bonus, right shares

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed major reforms to expedite issuance...

Published 08 Apr, 2025 05:40am

Industry

SITE body for supplying Thar coal electricity to industry

KARACHI: Ahmed Azeem Alvi, President of SITE Association of Industry Karachi, has suggested to the Prime Minister...

Published 08 Apr, 2025 05:40am

Industry

Trade delegation to visit UK

KARACHI: Atif Ikram Sheikh, President FPCCI, is leading the Pakistani trade delegation to the United Kingdom to...

Published 08 Apr, 2025 05:40am

Technology

Binance founder CZ appointed strategic advisor to PCC

ISLAMABAD: In a groundbreaking move poised to reshape the global crypto landscape, Changpeng Zhao (CZ) visionary...

Published 08 Apr, 2025 05:40am

Business & Finance

China calls US tariffs ‘bullying’

BEIJING: Threats and pressure are not the right way to deal with China, a Chinese foreign ministry spokesperson said...

Published 08 Apr, 2025 05:40am

Pakistan

Dar phones Rubio, discusses economic cooperation

ISLAMABAD: Deputy Prime Minister/Foreign Minister Senator Ishaq Dar held a telephone call with US Secretary of State...

Published 08 Apr, 2025 05:40am

Stocks

Stocks mixed in skittish trading

NEW YORK: Major stock indexes were mixed on Monday in turbulent trading dominated by concerns over US President...

Published 08 Apr, 2025 05:40am

Energy

Oil prices slide 2pc to nearly 4-year low

NEW YORK: Oil prices slid 2% to a nearly four-year low on Monday on worries US President Donald Trump’s latest trade...

Published 08 Apr, 2025 05:40am

Markets

The worst market crashes since 1929

PARIS: Monday’s stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived...

Published 08 Apr, 2025 05:40am

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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