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 / Aug 13	277.85
USD PKR Interbank Buying / Aug 13	277.65
USD to Japanese Yen / Aug 14	159.32
USD to Swiss Franc / Aug 14	0.81
Pound Sterling to USD / Aug 14	1.35
Euro to USD / Aug 14	1.16
SOFR % / Aug 15	3.64

Stock	Volume
S&P 500 / Aug 14	7,785.76
India Sensex / Aug 14	78,009.25
Nasdaq / Aug 14	26,729.16
FTSE 100 / Aug 14	10,750.11
Dow Jones / Aug 14	53,732.41
Germany DAX 30 / Aug 14	26,440.31
France CAC40 / Aug 14	8,636.80
Tokyo Nikkei / Aug 17	68,753.86
Hang Seng / Aug 17	25,508.63

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 13	18,580
Gold 10 Grams PKR / Aug 13	394,749
Crude Oil USD/Barrel / Aug 14	82.40
Gold Spot USD/Ounce / Aug 14	4,376.40
Cotton US¢/pound / Aug 14	84.80
Petrol/Litre / Aug 17	325.43
Diesel/Litre / Aug 17	383.95

Gainers
Losers
Leaders

Stock	Price
Gatron Ind. / Aug 17 Gatron (Industries) Limited(GATI)	102.47 ▲ 9.32 (10.01%)
Ruby Textile / Aug 17 Ruby Textile Mills Limited(RUBY)	30.87 ▲ 2.81 (10.01%)
Al-Khair Gadoon / Aug 17 Al-Khair Gadoon Limited(AKGL)	87.46 ▲ 7.95 (10%)
AN Textile Mills / Aug 17 AN Textile Mills Limited(ANTM)	61.27 ▲ 5.57 (10%)
Arctic Textile / Aug 17 Arctic Textile Mills Limited(ARCTM)	51.91 ▲ 4.72 (10%)
Aisha Steel (CPS) / Aug 17 Aisha Steel Mills Limited (CPS)(ASLCPS)	126.31 ▲ 11.48 (10%)
Asim Textile / Aug 17 Asim Textile Mills Limited(ASTM)	99.55 ▲ 9.05 (10%)
Buxly Paints / Aug 17 Buxly Paints Limited(BUXL)	369.64 ▲ 33.6 (10%)
Popular Islamic / Aug 17 Popular Islamic Modaraba(PIM)	26.51 ▲ 2.41 (10%)
Rupali polyester / Aug 17 Rupali Polyester Limited(RUPL)	36.30 ▲ 3.3 (10%)

Stock	Price
Azgard Nine (Non-Voti) / Aug 17 Azgard Nine (Non-Voti)(ANLNV)	7.86 ▼ -0.94 (-10.68%)
Suhail Jute / Aug 17 Suhail Jute Mills Limited(SUHJ)	196 ▼ -20.28 (-9.38%)
D.S. Ind. Ltd. / Aug 17 D.S. Industries Limited(DSIL)	12.54 ▼ -1.02 (-7.52%)
First Tri-Star Mod. / Aug 17 First Tri-Star Modaraba(FTSM)	45 ▼ -2.44 (-5.14%)
Sally Textile / Aug 17 Sally Textile Mills Limited(SLYT)	17.53 ▼ -0.83 (-4.52%)
Mirpurkhas Sugar / Aug 17 Mirpurkhas Sugar Mills Limited(MIRKS)	32.06 ▼ -1.43 (-4.27%)
Cordoba Logistics / Aug 17 Cordoba Logistics & Ventures Limited(CLVL)	22.88 ▼ -0.91 (-3.83%)
Zahid Jee Textile / Aug 17 Zahidjee Textile Mills Limited(ZAHID)	71.28 ▼ -2.83 (-3.82%)
JS Investments / Aug 17 JS Investments Limited(JSIL)	43 ▼ -1.59 (-3.57%)
Sana Ind / Aug 17 Sana Industries Limited(SNAI)	39.99 ▼ -1.37 (-3.31%)

Stock	Volume
Cnergyico PK / Aug 17 Cnergyico PK Limited(CNERGY)	7,363,083 ▲ 0.28
D.S. Ind. Ltd. / Aug 17 D.S. Industries Limited(DSIL)	6,467,788 ▼ -1.02
Beco Steel Ltd / Aug 17 Beco Steel Limited(BECO)	1,883,887 ▲ 0.04
Pak Refinery / Aug 17 Pakistan Refinery Limited(PRL)	1,871,832 ▲ 1.57
Big Bird Foods / Aug 17 Big Bird Foods Limited(BBFL)	1,601,000 ▲ 0.23
Oilboy Energy / Aug 17 Oilboy Energy Limited(OBOY)	1,340,468 ▲ 0.44
Sitara Petroleum Service / Aug 17 Sitara Petroleum Service Limited(SPSL)	1,192,436 ▲ 0.51
Thatta Cement / Aug 17 Thatta Cement Company Limited(THCCL)	1,067,304 ▲ 1.79
Al-Shaheer Corp / Aug 17 Al Shaheer Corporation Limited(ASC)	650,549 ▲ 0.12
WorldCall Telecom / Aug 17 Worldcall Telecom Limited(WTL)	636,583 ▲ 0.01

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