News Archives for Business & Finance - 2025-04-11

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Business & Finance - 2025-04-11

Business & Finance

Every sector has to export to drive growth: Aurangzeb

Finance Minister Muhammad Aurangzeb emphasised on Friday that every sector of the economy has to contribute to...

Published 11 Apr, 2025 10:26pm

Markets

PIA privatisation: Senate body seeks stricter criteria to bar non-operational bidders

The Senate Standing Committee on Privatisation has sought stricter pre-qualification criteria to restrict...

Published 11 Apr, 2025 10:26pm

USA

Fed’s Williams says tariffs will push up inflation, unemployment

New York Federal Reserve President John Williams said on Friday the Trump administration’s current trade policies...

Published 11 Apr, 2025 08:39pm

Stocks

TSX rises following US bank earnings even as tariff turmoil looms

Canada’s main stock index advanced on Friday, led by gains in materials stocks, following strong earnings from U.S....

Published 11 Apr, 2025 08:32pm

Middle East

Abu Dhabi’s ADNOC mulls bid for Aethon’s US natgas assets, Bloomberg News reports

Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy...

Published 11 Apr, 2025 08:15pm

Stocks

Wall St eyes higher open as big bank results roll in; China hits back with tariffs

Wall Street’s main indexes were set to open higher on Friday following earnings from big banks including JPMorgan,...

Published 11 Apr, 2025 07:45pm

Energy

Global LNG: Asian spot prices slip to 8-month low on weak demand, recession concerns

SINGAPORE: Asian spot liquefied natural gas (LNG) prices slid to an over eight-month low this week, weighed by weak...

Published 11 Apr, 2025 06:44pm

Commodities

Cocoa, coffee, sugar recover but head for sharp weekly falls amid demand woes

LONDON: World cocoa, coffee and sugar prices recovered on Friday but were headed for sharp weekly falls as investors...

Published 11 Apr, 2025 06:38pm

Stocks

Dubai bourse eases amid US-China trade war; Abu Dhabi gains

Dubai’s stock market slipped on Friday, weighed down by investor concerns over the rapidly intensifying U.S.-China...

Published 11 Apr, 2025 06:33pm

Markets

Govt ‘actively working’ towards reducing taxes on milk: minister

Food minister Rana Tanveer Hussain said on Friday the government was “actively working” towards reducing the taxes...

Updated 11 Apr, 2025 11:17pm

Stocks

IT drags Sri Lankan shares to settle lower

Sri Lankan shares closed lower on Friday, dragged down by losses in information technology stocks. The CSE All-Share...

Published 11 Apr, 2025 06:30pm

Money & Banking

Morgan Stanley profit beats as record stock trading buoys Wall Street unit

Morgan Stanley beat first-quarter profit estimates on record equity trading and strong wealth management results,...

Published 11 Apr, 2025 06:23pm

Markets

HSBC explores private credit push, sources say

LONDON: HSBC is preparing a foray into the white-hot market for private credit, five sources with knowledge of the...

Published 11 Apr, 2025 05:46pm

Companies

US chipmakers outsourcing manufacturing will escape China’s tariffs

BEIJING: U.S. chipmakers that outsource manufacturing will be exempt from China’s retaliatory tariffs on U.S....

Published 11 Apr, 2025 05:42pm

Commodities

India’s vegetable oil stocks drop to 3-year low on lower palm imports

MUMBAI: Vegetable oil inventories in India fell to its lowest level in more than 3 years as palm oil imports in...

Published 11 Apr, 2025 05:39pm

Asia

South Korea trade envoy says US showed willingness to reach deal over tariffs

SEOUL: South Korea’s top trade envoy said on Friday his U.S. counterpart signaled a willingness to reach a deal over...

Published 11 Apr, 2025 05:09pm

Companies

BlackRock quarterly profit falls on higher costs

BlackRock posted a drop in first-quarter profit on Friday as the world’s largest asset manager took a hit from...

Published 11 Apr, 2025 05:06pm

Financial

China delays approval for Geely, BYD investment plans in Latin America, sources say

China is delaying approval for plans by Chinese automakers Geely and BYD to produce cars in Latin America as U.S....

Published 11 Apr, 2025 05:00pm

Energy

European LNG imports to rise 25% in 2025, IEA forecasts

OSLO: Europe’s imports of liquefied natural gas (LNG) are set to increase by a quarter this year, as the continent...

Published 11 Apr, 2025 04:56pm

Forex

Sterling falls against euro, rises versus dollar as traders focus on trade war

LONDON: The pound fell versus the euro and rose versus the dollar on Friday, reflecting a sell-off in U.S. assets as...

Published 11 Apr, 2025 04:52pm

Companies

India’s industrial output rises 2.9% y/y in February

NEW DELHI: India’s industrial output grew 2.9% year-on-year in February, government data showed on Friday....

Published 11 Apr, 2025 04:48pm

Money & Banking

JPMorgan’s profit jumps on dealmaking, trading boost

JPMorgan Chase’s first-quarter profit rose 9% as it earned more from dealmaking and trading. Earnings were $14.6...

Published 11 Apr, 2025 04:42pm

Commodities

Gold surges past $3,200 as economic concerns reignite record rally

Safe-haven gold gained nearly 2% and surpassed the key $3,200 mark on Friday, spurred by a weaker dollar and...

Published 11 Apr, 2025 04:35pm

Companies

Wells Fargo profit rises on wealth management strength

Wells Fargo’s profit rose 6% in the first quarter, driven by robust performance in its wealth management business....

Published 11 Apr, 2025 04:31pm

Bullion Rate

Gold soars by Rs10,000 per tola, sets new all-time high in Pakistan

Gold prices continued to soar on Friday and reached a fresh record in Pakistan. In the local market, gold price per...

Updated 11 Apr, 2025 11:16pm

Stocks

US tariff flip-flop hurts Indian equity benchmarks for 2nd week

India’s benchmark equity indexes fell for the second consecutive week as investors grappled with uncertainty...

Published 11 Apr, 2025 04:13pm

Commodities

Copper rises with a weaker dollar, focus on US-China trade war risks

LONDON: Copper and other base metals in London were on track to finish a very volatile week with a daily growth on...

Published 11 Apr, 2025 04:10pm

Commodities

Palm oil books second weekly losses

JAKARTA: Malaysian palm oil futures reversed earlier losses but booked a second consecutive weekly loss on Friday as...

Published 11 Apr, 2025 04:07pm

Forex

South African rand stages cautious recovery, tariff and coalition worries linger

JOHANNESBURG: The rand gained in early trade on Friday, making a cautious recovery after this week’s global tariff...

Published 11 Apr, 2025 03:26pm

Commodities

French soft wheat ratings tick down, maize sowing advances in dry spell

Ratings of French soft wheat crops showed 75% were in good or excellent condition by April 7, down from 76% a week...

Published 11 Apr, 2025 01:59pm

Business & Finance

China hits back at Trump tariff hike, raises duties on US goods to 125%

BEIJING: Beijing on Friday increased its tariffs on US imports to 125%, hitting back against US President Donald...

Updated 11 Apr, 2025 11:17pm

Commodities

Bangladesh said to buy 50,000 T rice in March 27 tender, traders say

HAMBURG: Bangladesh’s state grains buyer is believed to have to purchased about 50,000 metric tons of rice in an...

Published 11 Apr, 2025 01:43pm

Stocks

European stock markets extend gains at the open

PARIS: European stock markets extended gains in opening deals on Friday, at the end of a roller-coaster week as...

Published 11 Apr, 2025 12:43pm

Companies

Honda Atlas Cars to introduce HEVs in Pakistan

Honda Atlas Cars Limited (HCAR), a subsidiary of Honda Motor Co., Ltd, is planning to introduce Hybrid Electric...

Published 11 Apr, 2025 12:31pm

Business & Finance

UK economy grows 0.5% in February, beating expectations

LONDON: Britain’s economy grew at a monthly pace of 0.5% in February, figures from the Office for National...

Published 11 Apr, 2025 12:05pm

Business & Finance

Philippines central bank chief signals cautious path on rate cuts

MANILA: The Philippine central bank is taking a cautious approach to policy easing this year to avoid overheating...

Published 11 Apr, 2025 11:34am

Forex

Aussie, NZ dollars suddenly safe as greenback becomes market whipping boy

SYDNEY: The Australian and New Zealand dollars were looking to end a wild week with sizable gains on a crumbling US...

Published 11 Apr, 2025 11:30am

Commodities

Iron ore set for weekly loss as US-China trade war dents demand outlook

BEIJING: Iron ore futures prices edged lower on Friday and were poised for a weekly loss, as escalating trade...

Published 11 Apr, 2025 11:08am

Stocks

South Korean shares set for third weekly decline on tariff woes

The benchmark KOSPI fell 37.64 points, or 1.54%, to 2,407.42

Published 11 Apr, 2025 11:05am

Commodities

Palm oil tracks Dalian rivals higher, but set for second weekly loss

JAKARTA: Malaysian palm oil futures opened higher on Friday, tracking stronger rival edible oils in Dalian market,...

Published 11 Apr, 2025 10:59am

Energy

Saudi crude to China to surge in May after price fall, sources say

SINGAPORE: Saudi Arabia’s crude oil supply to China will surge in May from the prior month as a sharp price cut by...

Published 11 Apr, 2025 10:57am

Stocks

Hong Kong stocks eye worst week since global financial crisis, China falls milder on state support

HONG KONG: Hong Kong stocks lost ground on Friday and were on track for their biggest weekly decline since the 2008...

Published 11 Apr, 2025 10:51am

Forex

China’s yuan rebounds from 2007 lows, but slides against trading partners

SHANGHAI: China’s yuan bounced off a 2007 trough against a broadly weaker dollar on Friday, but it slipped to a...

Published 11 Apr, 2025 10:48am

Europe

EU brainstorms on how to brace for US tariffs as 90-day window opens

WARSAW: With higher US tariffs postponed by 90 days, European Union finance ministers will brainstorm on Friday how...

Published 11 Apr, 2025 10:45am

Exchange

Rupee registers gain against US dollar

Currency settles at 280.47 against the greenback

Updated 11 Apr, 2025 08:32pm

Technology

Tesla suspends taking new orders for Model S and Model X on Chinese website

BEIJING: Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, according to...

Published 11 Apr, 2025 10:39am

Commodities

London metals mixed on Trump’s tariff pause

SHANGHAI: Base metals in London traded mixed on Friday and were headed for a weekly rise after US President Donald...

Published 11 Apr, 2025 10:37am

Mutual Funds

India bond yields seen flattish ahead of fresh debt supply

MUMBAI: Indian government bond yields are expected to move sideways in early deals on Friday, as traders await fresh...

Published 11 Apr, 2025 10:17am

Stocks

Indian benchmarks set to open higher on US tariff reprieve

India’s benchmark indexes are set to open higher on Friday, as a US tariff reprieve lifted sentiment, even as global...

Published 11 Apr, 2025 10:15am

Commodities

Corn heads for biggest weekly gain since May 2023

CANBERRA: Chicago corn futures rose on Friday and were on track for their biggest weekly gain in nearly two years...

Published 11 Apr, 2025 10:13am

Stocks

Australian shares slump more than 2% as Trump’s tariff concerns linger

Australian shares tanked over 2% on Friday as investors, who drove a relief rally in the previous session, fretted...

Published 11 Apr, 2025 10:09am

Bullion Rate

Gold bolts past $3,200 on dollar slide, safe-haven flows

Gold breached the key $3,200/oz level for the first time to scale a new peak on Friday, fuelled by a weaker dollar...

Published 11 Apr, 2025 10:06am

Stocks

PSX sheds over 1,300 points amid global market slump

Negative sentiment returns to Pakistan Stock Exchange

Updated 11 Apr, 2025 11:16pm

Stocks

Stocks, dollar sink, bonds pummelled again as trade war roils markets

SINGAPORE: Global stocks slumped and the dollar sank further on Friday, while a manic bond selloff took hold in a...

Published 11 Apr, 2025 10:03am

Forex

Indian rupee gains ground alongside Asia FX as dollar’s safe-haven shine dulls

MUMBAI: The Indian rupee leapt higher on Friday, tracking gains in Asian peers as the dollar slumped to a nearly...

Published 11 Apr, 2025 09:58am

Business & Finance

SECP introduces major changes in Public Offering Regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced major changes in the Public...

Published 11 Apr, 2025 07:55am

Stocks

Japan’s Nikkei falls 5% on Wall Street’s sharp decline

TOKYO: Japan’s Nikkei share average slumped 5% in early trade on Friday, tracking Wall Street’s sharp losses amid...

Published 11 Apr, 2025 07:52am

Industry

Textile sector: ICMA analysis shows US tariff challenges, opportunities

KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA), through its Research and Publications...

Published 11 Apr, 2025 07:51am

Business & Finance

No ‘retaliatory measures’ against US: ASEAN ministers

KUALA LUMPUR: Economic ministers of the ASEAN regional bloc committed on Thursday “to not impose any retaliatory...

Published 11 Apr, 2025 07:47am

Forex

Dollar slides to decade-low vs Swiss franc as US assets hit by loss of confidence

TOKYO: The dollar slumped on Friday as waning confidence in the U.S. economy prompted investors to ditch U.S. assets...

Published 11 Apr, 2025 07:47am

Money & Banking

ECB warns about financial risk coming from shadow banks

FRANKFURT: The European Central Bank is particularly concerned about financial stress spreading from non-bank...

Published 11 Apr, 2025 07:46am

Energy

Oil prices set to drop for a second week over US-China trade war

Oil prices were stable on Friday but on track for their second weekly loss in a row against a backdrop of investor...

Updated 11 Apr, 2025 05:47pm

Business & Finance

Minister, UK HC Development Director discuss energy, petroleum sectors

ISLAMABAD: Minister for Petroleum Ali Pervaiz Malik held a productive meeting with Joe Moir, Development Director of...

Published 11 Apr, 2025 07:25am

Industry

Pakistan’s four companies participate in Heimtextil Colombia

KARACHI: Some four companies from Pakistan participated in the second edition of Heimtextil Colombia, the most...

Published 11 Apr, 2025 07:25am

Industry

Weak enforcement: Illicit cigarette trade causing huge losses

LAHORE: Pakistan continues to suffer massive tax losses due to the unchecked rise of the illicit cigarette trade,...

Published 11 Apr, 2025 07:24am

Business & Finance

‘More steps needed to ensure long-term economic stability’

KARACHI: President of Federation of Pakistan Chambers of Commerce and Industry, President of ECO Chamber of Commerce...

Published 11 Apr, 2025 06:12am

Business & Finance

Fields of technology, digital economy: Pakistan, Japan agree to enhance cooperation

ISLAMABAD: Pakistan and Japan have agreed to enhance cooperation in the fields of technology and the digital...

Published 11 Apr, 2025 06:00am

Pakistan

Livestock card loans: Punjab govt sets deadline for repayment

LAHORE: The Punjab government has set May 16 as the final date for repayment of livestock card loans, with farmers...

Published 11 Apr, 2025 05:55am

Money & Banking

Asian currencies firmer

BENGALURU: Equities in Asian emerging markets rallied the most in over two years on Thursday, while most currencies...

Published 11 Apr, 2025 05:38am

Money & Banking

Dollar hits 10-year low against Swiss franc

NEW YORK: The US dollar fell against its major peers on Thursday, hitting a ten-year low against the safe-haven...

Published 11 Apr, 2025 05:38am

Money & Banking

Indian markets closed

MUMBAI: India’s equity, currency and debt markets will be closed on Thursday, April 10, for a local holiday. Trading...

Published 11 Apr, 2025 05:38am

Pakistan

Ahsan criticises absence of board for edible oil, vegetable processing

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal expressed serious concern...

Published 11 Apr, 2025 05:38am

Industry

Automobile sales post 46pc growth

KARACHI: With an impressive growth of 46 percent, Pakistan automobile sales in Pakistan rose to 100,868 units during...

Published 11 Apr, 2025 05:38am

Business & Finance

MoU signed: Galaxefi Solutions, Turkish firm to digitise cross-border trade

KARACHI: Amid growing international interest in Pakistan’s mining and trade sectors during the ongoing Pakistan...

Published 11 Apr, 2025 05:38am

Agriculture and Allied

SBP BSC & Bank of Punjab join hands for Agri Kissan Mela

LAHORE: The State Bank of Pakistan (BSC) Lahore in collaboration with Bank of Punjab (BOP) successfully organized ...

Published 11 Apr, 2025 05:38am

Business & Finance

SECP directs insurance companies to establish ‘Actuarial Function’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed all insurance companies to...

Published 11 Apr, 2025 05:38am

Industry

Steel melters submit set of proposals for federal budget

LAHORE: The Pakistan Steel Melters Association (PSMA) has submitted a comprehensive set of proposals for the Federal...

Published 11 Apr, 2025 05:38am

Business & Finance

Forex reserves up $173m to $15.75bn

KARACHI: The country’s total liquid foreign exchange reserves rose by $173 million during last week. According to...

Published 11 Apr, 2025 05:38am

Business & Finance

US stocks, dollar fall on lingering tariff worries

NEW YORK: Major stock indexes extended sharp declines and the dollar weakened further in midday Thursday trading,...

Published 11 Apr, 2025 05:38am

Business & Finance

Govt to seek fresh bids for PIA, says adviser

ISLAMABAD: The government will seek fresh expressions of interest for the sale of Pakistan International Airlines...

Published 11 Apr, 2025 05:38am

Energy

OCAC seeks 27pc hike in OMC margin

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has sought increase in OMC margin by 27 percent to Rs10/litre...

Published 11 Apr, 2025 05:38am

Energy

Ogra seals two LPG equipment manufacturers

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra), in collaboration with the local administration, conducted...

Published 11 Apr, 2025 05:38am

Energy

Renewable energy top of mind for Pakistani exhibitors at Middle East Energy 2025

DUBAI: Renewable energy solutions were front and centre for a small group of Pakistani exhibitors who were among...

Updated 11 Apr, 2025 08:16am

Business & Finance

OCAC submits budget proposals for FY 2025-26

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has submitted a budget proposal for the fiscal year 2025-26 to...

Published 11 Apr, 2025 05:38am

Pakistan

Transporters call off strike in response to FPCCI’s request: Fayyaz

KARACHI: Transporters have postponed the strike on our request, said Saqib Fayyaz, acting President of the...

Published 11 Apr, 2025 05:38am

Business & Finance

CPF framework: Govt, World Bank Group agree to work closely

ISLAMABAD: The World Bank Group (WBG) and the government of Pakistan agreed to work closely in preparing the...

Published 11 Apr, 2025 05:38am

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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