News Archives for Business & Finance - 2025-04-10

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Business & Finance - 2025-04-10

Global Business & Economy

Moody’s Analytics cuts India’s 2025 growth forecast by 30 basis points citing US tariff impact

MUMBAI: Moody’s Analytics has downgraded India’s growth forecast for 2025 by 30 basis points to 6.1% from the...

Published 10 Apr, 2025 09:39pm

Forex

SBP-held foreign exchange reserves increase $23mn, now stand at $10.70bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $23 million on a weekly basis,...

Updated 10 Apr, 2025 11:31pm

Taxes

FY26 budget: salaried class urges govt to raise tax exemption limit to Rs1.2 million

As the government commenced preparations for the upcoming budget, the tax-burdened salaried individuals have jointly...

Updated 10 Apr, 2025 09:50pm

Business & Finance

NEPRA approves countrywide reduction in power prices by Rs1.71 per unit for 3 months

Power prices nationwide, including in Karachi, have been lowered by Rs1.71 per unit for three months (April to...

Updated 10 Apr, 2025 11:45pm

Pakistan

Pakistan to seek fresh bids for national airline, says adviser

Development comes two days after the Pakistan International Airlines reported net profit after 21 years

Updated 10 Apr, 2025 11:24pm

Bullion Rate

Gold price per tola gains further Rs7,800 in Pakistan to hit fresh high

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

Updated 10 Apr, 2025 11:21pm

Companies

Asad Rasool appointed CEO of PIA Holding Company Limited

Asad Rasool has been appointed as the Chief Executive Officer (CEO) of PIA Holding Company Limited (PIAHCL),...

Updated 10 Apr, 2025 04:43pm

Energy

PPL begins gas production from Sindh’s Pateji X-1

The block is operated by PPL with 63% working interest

Published 10 Apr, 2025 02:46pm

Markets

Ride the current: Pakistan’s electric bikes scene accelerates

Electric bikes and scooters have seen a surge in popularity across Pakistan in recent years, as more people turn to...

Updated 10 Apr, 2025 04:25pm

Forex

South African rand regains some ground after US pauses tariffs

JOHANNESBURG: South Africa’s rand firmed in early trade on Thursday, recouping some of its recent loss as investors...

Published 10 Apr, 2025 02:09pm

Commodities

Soybeans rise after Trump’s tariff U-turn

CANBERRA: Chicago soybean futures extended gains on Thursday after shooting up 2% in the previous session when U.S....

Published 10 Apr, 2025 02:07pm

Forex

Kenyan shilling gains as Trump pauses tariffs

Kenya’s shilling gained ground against the dollar on Thursday, after U.S. President Donald Trump’s unexpected...

Published 10 Apr, 2025 02:02pm

Commodities

Turkiye resumes Russian wheat imports, data shows

MOSCOW: Turkiye resumed purchases of Russian wheat this year after lifting import restrictions in March, new data...

Published 10 Apr, 2025 01:55pm

Money & Banking

UBS reiterates share buyback intention despite looming capital rule changes, global uncertainty

LUCERNE: UBS Chairman Colm Kelleher reiterated the Swiss bank’s intention to repurchase shares to the tune of $3...

Published 10 Apr, 2025 01:52pm

Middle East

UAE renewable energy firm Masdar completes purchase of Greece’s Terna Energy

DUBAI: United Arab Emirates’ renewable energy company Masdar said on Thursday it had fully acquired Greece’s Terna...

Published 10 Apr, 2025 01:49pm

Asia

China says it does not fear more US tariff threats

BEIJING: China is not interested in a fight but will not fear if the United States continues its tariff threats, the...

Published 10 Apr, 2025 01:29pm

Financial

Euro zone yields jump, markets scale back bets on ECB rate cuts as Trump pauses tariffs

Euro zone government bond yields jumped, spreads tightened, and markets scaled back their bets on European Central...

Published 10 Apr, 2025 01:26pm

Stocks

European shares surge after Trump’s tariff pause

European shares surged on Thursday after U.S. President Donald Trump announced an immediate 90-day pause on tariffs...

Published 10 Apr, 2025 01:13pm

Stocks

Saudi outperforms Gulf peers in early trade as Trump pauses tariffs

Saudi Arabia’s stock market led most of its Gulf peers higher early on Thursday, tracking global shares, after U.S....

Published 10 Apr, 2025 01:10pm

Business & Economy

Frontier bonds rally on Trump tariff pause, Pakistan adds 3 cents

LONDON: International bonds issued by smaller, riskier emerging markets rallied on Thursday, after U.S. President...

Published 10 Apr, 2025 01:08pm

Commodities

Iron ore rebounds as widening Sino-US trade war raises China stimulus hopes

BEIJING: Iron ore futures rebounded on Thursday, as an escalating Sino-U.S. trade war lifted hopes of more...

Updated 10 Apr, 2025 01:33pm

Forex

China’s yuan falls to weakest since financial crisis on intensifying trade tension

SHANGHAI: China’s yuan on Thursday fell to its lowest value against the U.S. dollar since the global financial...

Published 10 Apr, 2025 11:55am

Asia

Taiwan says Trump tariff pause gives breathing room for more detailed talks

TAIPEI: U.S. President Donald Trump’s 90-day pause on most tariffs gives breathing space for more in-depth talks,...

Published 10 Apr, 2025 11:50am

Technology

Alphabet reaffirms $75 billion spending plan in 2025 despite tariff turmoil

LAS VEGAS: Alphabet said on Wednesday it was still committed to spending some $75 billion this year to build out...

Published 10 Apr, 2025 11:47am

Business & Finance

Global trade war may produce headwinds for nascent AI sector, IEA says

PARIS: An escalating global tariff war could provide challenges for the emerging data centre sector and cause slower...

Published 10 Apr, 2025 11:44am

USA

Trump’s stunning tariff pause focuses trade war on China

BEIJING/WASHINGTON: U.S. President Donald Trump’s stunning decision to pause the hefty duties he had just imposed on...

Published 10 Apr, 2025 11:41am

Commodities

China’s soybean meal prices drop as soybean imports rise, tariff impact dims

BEIJING: China’s soybean meal futures tumbled on Thursday, ending a five-session rally, as traders turned their...

Published 10 Apr, 2025 11:35am

Commodities

London metals rise as Trump’s tariff pause eases trade war jitters

SHANGHAI: Base metals in London climbed on Thursday, supported by improved market sentiment after U.S. President...

Published 10 Apr, 2025 11:30am

Financial

Japan bonds sold, this time in relief

SINGAPORE/TOKYO: Japanese government bonds were sold on Thursday as investors moved money back to stocks and cheered...

Published 10 Apr, 2025 11:26am

Companies

Chinese sellers on Amazon to hike prices or exit US as tariffs soar

SHENZHEN: Chinese companies that sell products on Amazon are preparing to hike prices for the U.S. or quit that...

Published 10 Apr, 2025 11:23am

South Asia

India eyes quick trade deal with US amid tariff pause, official says

NEW DELHI: India wants to move quickly on a trade deal with the United States, a government official said, after...

Published 10 Apr, 2025 11:20am

Commodities

Gold prices climb over 1% as Trump hikes China tariffs

Gold rose more than 1% on Thursday as investors flocked to safe-haven bullion after the U.S. hiked tariffs on China,...

Published 10 Apr, 2025 11:16am

Commodities

Malaysian palm tracks rival edible oils higher

JAKARTA: Malaysian palm oil futures jumped on Thursday, erasing last session’s losses, tracking stronger rival...

Published 10 Apr, 2025 11:09am

Companies

TSMC’s first-quarter revenue handily beats market forecast

TAIPEI: TSMC, the world’s largest contract chipmaker, on Thursday reported first-quarter revenue of T$839.25 billion...

Published 10 Apr, 2025 11:04am

Stocks

South Korean shares log biggest jump since March 2020 on Trump tariff pause

KOSPI added 151.36 points, or 6.6%, to close at 2,445.06

Updated 10 Apr, 2025 01:21pm

Markets

PPL, Balochistan govt expand mining partnership

Pakistan Petroleum Limited (PPL), one of the country’s largest E&P companies, and the Government of Balochistan...

Published 10 Apr, 2025 10:58am

Stocks

Aussie shares score best day in 5 years as Trump halts tariff train

Australian shares rebounded on Thursday to log its strongest trading session in half a decade after U.S. President...

Updated 10 Apr, 2025 01:17pm

Stocks

Japan’s Nikkei surges 9% on relief after Trump pauses tariffs

TOKYO: Japan’s Nikkei share average jumped 9% on Thursday as investors scooped up beaten-down stocks after U.S....

Updated 10 Apr, 2025 01:15pm

Stocks

China, HK stocks rise on hopes of trade negotiations as Trump ups tariffs

SHANGHAI: China and Hong Kong shares rose on Thursday, as investors downplayed the latest U.S. tariff increase on...

Published 10 Apr, 2025 10:53am

Stocks

Asian stocks rally, currencies firm on Trump tariff reprieve

Asian emerging market equities rallied the most in more than two years on Thursday as traders snapped up beaten-down...

Published 10 Apr, 2025 10:50am

Energy

Oil falls 3% as investors reassess Trump’s tariff flip

Oil prices fell more than $2 per barrel on Thursday, wiping away the prior session’s rally, as investors reassessed...

Updated 10 Apr, 2025 09:59pm

Forex

Safe havens rebound as Sino-US trade war anxiety overshadows tariff U-turn

TOKYO: Traders swept back into safe havens like the yen and Swiss franc and sold the Australian dollar on Thursday,...

Published 10 Apr, 2025 10:45am

Business & Economy

World Bank investment arm commits $300mn loan to Pakistan’s Reko Diq mining project

The World Bank’s private investment arm, International Finance Corporation (IFC), will provide $300 million in debt...

Published 10 Apr, 2025 10:38am

Stocks

Rupee strengthens against US dollar

Currency settles at 280.56 against greenback in interbank market

Updated 10 Apr, 2025 10:37pm

Stocks

Bulls return to PSX, KSE-100 gains over 2,000 points

Investors rejoice as US President Donald Trump announces temporary tariff relief

Published 10 Apr, 2025 03:14am

Business & Finance

Public debt till Feb 25th totals Rs75.3trn

ISLAMABAD: The total value of public debt at present (Feb 25) is Rs75.3 trillion including Rs51 trillion domestic ...

Published 10 Apr, 2025 03:14am

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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