News Archives for Business & Finance - 2025-04-14

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Business & Finance - 2025-04-14

Business & Finance

Trump’s tariff exemptions give markets relief, but tensions loom

WASHINGTON: US tariff exemptions for electronics prompted market rallies Monday from Asia to Wall Street, but failed...

Published 14 Apr, 2025 11:08pm

South Asia

India’s polished diamond exports hit two-decade low, industry group says

MUMBAI: India’s exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the...

Published 14 Apr, 2025 10:00pm

Stocks

Global tech shares gain on US tariff exemptions, but uncertainty remains

Big Tech shares had slumped in past two weeks

Published 14 Apr, 2025 09:44pm

Europe

EU tariffs on US goods suspended until July 14

BRUSSELS: The EU’s retaliatory tariffs on US goods worth 21 billion euros will be on hold until July 14, Brussels...

Published 14 Apr, 2025 09:00pm

Pakistan

1,000 agricultural graduates to China: first batch to depart on April 16

The first batch containing 300 agricultural graduates under a govt-funded international training programme will...

Published 14 Apr, 2025 08:57pm

Stocks

TSX rises after US excludes key tech imports from China tariffs

Canada’s main stock index rose on Monday with broad-based gains as investors welcomed the White House’s exclusion of...

Published 14 Apr, 2025 08:51pm

Commodities

Wheat down 7-9 cents, corn down 2-4 cents, soy mixed

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

Published 14 Apr, 2025 07:29pm

Stocks

Tech stocks power Wall St higher after Trump’s tariff relief for some electronics

Wall Street’s main indexes rose on Monday, boosted by gains in technology stocks after the White House exempted...

Published 14 Apr, 2025 07:17pm

Markets

Karachi must take the lead for Uraan Pakistan’s flight to success: Ahsan Iqbal

Planning minister Ahsan Iqbal on Monday said the country’s metropolitan hub Karachi should take the lead in efforts...

Published 14 Apr, 2025 07:14pm

Commodities

Robusta coffee rallies amid supply jitters, tariff exemptions

LONDON: World robusta coffee prices rallied on Monday after U.S. exclusions on some tariffs allowed investors to...

Published 14 Apr, 2025 06:41pm

Technology

Intel to sell majority stake in Altera for $4.46bn to fund revival effort

Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46...

Published 14 Apr, 2025 06:27pm

Energy

OPEC cuts global oil demand growth forecasts, citing US tariffs

LONDON: OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the...

Published 14 Apr, 2025 06:23pm

Money & Banking

Wells Fargo says tech banking team grew by 20% over past year

Wells Fargo said on Monday its technology banking unit increased its headcount by 20% over the past year on the back...

Published 14 Apr, 2025 06:20pm

Stocks

Most Gulf markets gain on US tariff exemptions

Most Gulf stock markets ended higher on Monday, in line with global shares, supported by an easing of trade tensions...

Published 14 Apr, 2025 06:18pm

Companies

Warner Bros Discovery decides against sale of Polish broadcaster TVN

WARSAW: Warner Bros Discovery has decided not to sell Polish broadcaster TVN, it said on Monday, drawing a line...

Published 14 Apr, 2025 05:26pm

South Asia

India and China discuss resuming flights, no date set

NEW DELHI: India and China have held one round of talks on resuming direct passenger air services, but no dates have...

Published 14 Apr, 2025 05:22pm

Energy

BP makes oil discovery off US Gulf coast

BP has made an oil discovery at the Far South field in the U.S. Gulf of Mexico, it said on Monday, as the energy...

Published 14 Apr, 2025 05:17pm

Money & Banking

UniCredit gets German cartel office nod on big Commerzbank stake

DUESSELDORF/FRANKFURT: Germany’s antitrust authorities on Monday approved UniCredit’s plans to own just under 30% of...

Published 14 Apr, 2025 05:14pm

Asia

China, Vietnam sign deals as Xi visits Hanoi amid US tariff tensions

HANOI: China’s President Xi Jinping on Monday called for stronger ties with Vietnam on trade and supply chains amid...

Published 14 Apr, 2025 04:57pm

Money & Banking

Goldman Sachs’ profit jumps as traders deliver gains

Goldman Sachs reported a 15% rise in first-quarter profit as market volatility led to record revenue in equities...

Published 14 Apr, 2025 04:47pm

Commodities

Copper gains as tariff exemptions and China stimulus hopes provide support

LONDON: Copper prices continued to recover on Monday as some exemptions from U.S. tariffs and hopes that top metals...

Published 14 Apr, 2025 04:44pm

Commodities

Palm ends lower on Chicago soyoil, concerns over economic headwind

JAKARTA: Malaysian palm oil futures closed down on Monday, tracking weakness in rival soyoil in the Chicago market,...

Published 14 Apr, 2025 04:41pm

Markets

Dubai retains top spot as World’s Busiest International Airport in 2024

Dubai International Airport (DXB) retained the title of the World’s Busiest International Airport in 2024, reaching...

Updated 14 Apr, 2025 07:56pm

Commodities

Gold price per tola decreases Rs1,800 in Pakistan

After maintaining an upward trajectory, gold prices decreased in Pakistan on Monday. In the local market, gold price...

Updated 14 Apr, 2025 07:32pm

Forex

Sterling gains on dollar and euro as focus remains on US tariffs

The British pound climbed against the dollar and the euro on Monday after US President Donald Trump excluded...

Published 14 Apr, 2025 03:32pm

Business & Finance

IFC committed to ‘work closely’ with Pakistan, eyes investment opportunities

Finance Minister Muhammad Aurangzeb met with a high-level delegation of the International Finance Corporation (IFC),...

Updated 14 Apr, 2025 10:42pm

Business & Finance

UK govt races against time to keep steel furnaces running

LONDON: Britain’s government on Monday raced to secure raw materials to keep the country’s last steelmaking blast...

Published 14 Apr, 2025 02:11pm

Technology

Sony announces PS5 price hikes in some regions

TOKYO: Japan’s Sony said it has hiked the price of some PlayStation 5 consoles in select markets, but not the United...

Published 14 Apr, 2025 01:54pm

Mutual Funds

Philippines awards $438mn T-bill offer

BTr fully awards 25 billion pesos

Published 14 Apr, 2025 01:38pm

Mutual Funds

Japan’s 10-year bond yield falls as BOJ rate-hike bets ease

TOKYO: Japan’s 10-year government bond yield fell on Monday, as investors continued to unwind positions they had...

Published 14 Apr, 2025 01:35pm

Mutual Funds

Euro zone government bond yields rise after electronics tariff break

Euro area government bond yields rose on Monday, after falling on Friday, as possible exclusion for Chinese...

Published 14 Apr, 2025 01:34pm

Business & Finance

Ryanair may cut more flights from small Spanish airports, El Economista reports

Ryanair is considering cutting more flights from medium and small Spanish airports next winter and in 2026 if...

Published 14 Apr, 2025 01:32pm

Forex

South Africa’s rand recovery continues with volatile global and local backdrop

JOHANNESBURG: South Africa’s rand recovered further against a weaker dollar on Monday, extending a recent bout of...

Published 14 Apr, 2025 01:31pm

Energy

From crisis to clean energy: Pakistan emerges as top solar market in 2024

Despite being a low-income country plagued by economic and social issues, a green revolution is taking place in...

Updated 14 Apr, 2025 10:42pm

Stocks

South Korean shares rise on easing tariff woes; won hits 4-month high

The benchmark KOSPI closed up 23.17 points, or 0.95%, at 2,455.89

Published 14 Apr, 2025 12:41pm

Stocks

Tech rally lifts European shares as Trump eases China tariffs on key electronics

A rally in technology stocks helped lift European shares on Monday after US President Donald Trump granted...

Published 14 Apr, 2025 12:39pm

Business & Economy

Pakistan’s remittances surge 37% YoY in March, cross $4bn mark for first time

Experts warn that the momentum may not be sustained

Updated 14 Apr, 2025 02:12pm

Business & Finance

BOJ Ueda warns of heightened uncertainty from US tariff policy

TOKYO: Bank of Japan Governor Kazuo Ueda said on Monday global and domestic economic uncertainty has increased...

Published 14 Apr, 2025 12:09pm

Business & Finance

BNP Paribas cuts year-three return forecast on AXA IM deal

PARIS: BNP Paribas, France’s biggest bank, has cut its forecast for the return on invested capital from its 5.1...

Published 14 Apr, 2025 12:06pm

Technology

TSMC first-quarter profit likely soared but Trump policies cloud outlook

TAIPEI: TSMC, the main global producer of advanced chips used in artificial intelligence applications, is set to...

Published 14 Apr, 2025 12:04pm

Commodities

China’s March coal imports sink 6% as domestic prices slide

BEIJING: China’s coal imports fell 6% in March, hurt by high inventories at ports and weak domestic demand that have...

Published 14 Apr, 2025 12:03pm

Commodities

China’s March soybean imports hit 17-year low on tariff fears, Brazil harvest delays

BEIJING: China’s soybean imports tumbled in March to their lowest for the month since 2008, as tariff-weary...

Published 14 Apr, 2025 11:55am

Commodities

Malaysian palm tracks rival Chicago soyoil lower

JAKARTA: Malaysian palm oil futures fell on Monday, tracking weakness in rival soyoil at the Chicago market. The...

Published 14 Apr, 2025 11:54am

Business & Finance

China’s March exports jump in temporary boost as Trump 2.0 heaps pressure

BEIJING: China’s exports rose sharply in March after factories rushed out shipments before the latest US tariffs...

Published 14 Apr, 2025 11:08am

Currency

Rupee declines against US dollar

Currency settles at 280.60 against the greenback

Updated 14 Apr, 2025 08:29pm

Forex

Australia, New Zealand dollars rebound like trade war never happened

SYDNEY: The Australian and New Zealand dollars have recouped all of the losses since April 2 when President Donald...

Published 14 Apr, 2025 10:55am

Stocks

Positive momentum at PSX, KSE-100 closes over 1,500 points up

Bullish momentum was observed at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index closed with a...

Updated 14 Apr, 2025 11:00pm

Stocks

Australia shares rebound on optimism from select US tariff exemptions

Australian shares bounced back on Monday, with heavyweight miners leading the advance, after US tariff exemptions...

Published 14 Apr, 2025 10:53am

Bullion Rate

Gold prices ease from record highs as Trump grants tariff exemptions

Gold prices retreated on Monday from a record high hit earlier in the session as trade tensions eased after US...

Published 14 Apr, 2025 10:51am

Stocks

Stocks bounce in Asia as some US tariffs paused

SYDNEY: Wall Street share futures rallied in Asia on Monday after the White House exempted smartphones and computers...

Published 14 Apr, 2025 10:45am

Markets

Pakistan receives record $4.1bn in remittances in March, says SBP governor

Central bank revises remittance forecast to $38bn for FY25

Updated 14 Apr, 2025 11:02pm

Commodities

London copper pares gains on concerns over US semiconductor tariffs

London copper prices on Monday gave up the earlier gains weighed down by concerns over US President Donald Trump’s...

Published 14 Apr, 2025 10:38am

Commodities

Iron ore rangebound as investors weigh upbeat China data against tariff woes

BEIJING: Iron ore futures prices traded within a narrow range on Monday, as investors weighed upbeat data from top...

Published 14 Apr, 2025 10:37am

Stocks

Tariff relief on tech goods drives rally in China, Hong Kong shares

HONG KONG: China and Hong Kong stocks rose on Monday as tech shares climbed after the White House exempted...

Published 14 Apr, 2025 10:36am

Energy

China’s crude oil imports highest since August 2023 on Iranian surge

SINGAPORE: China’s crude oil imports in March rebounded sharply from the previous two months and were up nearly 5%...

Published 14 Apr, 2025 10:34am

Forex

China’s yuan slips as tariff uncertainty casts cloud over outlook

SHANGHAI: The yuan fell against the dollar on Monday, following a bounce from a 2007 low last week, as broad...

Published 14 Apr, 2025 10:33am

USA

Trump says chips from China will face national security probe; further tariffs expected

WASHINGTON/WEST PALM BEACH: US President Donald Trump on Sunday bore down on his administration’s latest message...

Published 14 Apr, 2025 08:08am

Energy

Goldman Sachs expects oil prices to decline through 2026

Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of...

Published 14 Apr, 2025 08:01am

Forex

Battered dollar drifts lower, spooked by tariff news

SINGAPORE: The dollar drifted lower on Monday as an early bump off a three-year low fizzled, with markets spooked by...

Published 14 Apr, 2025 07:58am

Stocks

Japan’s Nikkei rises as iPhone-related stocks jump

TOKYO: Japan’s Nikkei share average rose on Monday, led by iPhone-related shares after the United States excluded...

Published 14 Apr, 2025 07:54am

Energy

Oil rises on tariff exemptions and Chinese imports rebound

LONDON: Oil prices rose 1% on Monday after U.S. exclusions on some tariffs and Chinese data showing a sharp rebound...

Updated 14 Apr, 2025 05:29pm

Industry

KPTMA condemns Off-the-Grid (CPPS) Levy Ordinance 2025

PESHAWAR: Chairman, Khyber Pakhtunkhwa Textile Mills Association (KPTMA), Sikandar Kuli Khan Khattak, condemned the...

Published 14 Apr, 2025 07:10am

Sports

ICC Champions Trophy 2025: Tax exemption granted to income derived by IBC or ICC

ISLAMABAD: The Federal Board of Revenue (FBR) has granted income tax exemption to any income derived by ICC Business...

Published 14 Apr, 2025 07:03am

Pakistan

ECO ambassadors and representatives visit PITB

LAHORE: A distinguished delegation of Ambassadors and Permanent Representatives from the Economic Cooperation...

Published 14 Apr, 2025 07:00am

Industry

PMIF25 lays groundwork for new era of mining

ISLAMABAD: Pakistan has taken a decisive step towards unlocking its immense mineral wealth through responsible,...

Published 14 Apr, 2025 06:58am

Business & Finance

Dubai’s venture-capital-backed FDI soars 39pc in 2024

Dubai’s position on the global investment map has never been more pronounced. In 2024, the emirate experienced...

Updated 14 Apr, 2025 02:18pm

Industry

HCSTSI condemns HESCO over increased load-shedding

HYDERABAD: Acting President Hyderabad Chamber of Small Traders and Small Industry (HCSTSI), Ahmed Idrees Chohan, has...

Published 14 Apr, 2025 05:20am

Business & Finance

Industrial Policy 2025-30: Stakeholders call for establishing one-stop facilitation centre

PESHAWAR: Stakeholders have called for establishing One Stop Facilitation Centre, to integrate all regulatory ...

Published 14 Apr, 2025 05:20am

Business & Finance

UK pledges £20bn to help firms amid US tariff turmoil

LONDON: The UK pledged £20 billion ($26 billion) on Sunday to help exporters including those affected by US ...

Published 14 Apr, 2025 05:20am

Business & Finance

Tariff war could cut US-China goods trade by 80pc: WTO chief

GENEVA: The World Trade Organization chief said Wednesday the US-China tariff war could reduce trade in goods ...

Updated 14 Apr, 2025 05:42am

Business & Finance

China no longer welcome in UK steel sector: minister

LONDON: China is no longer welcome in Britain’s steel sector after the government had to pass emergency ...

Published 14 Apr, 2025 05:20am

Cotton & Textile

Cotton Review: Market navigates a volatile week

KARACHI: The cotton sector in Pakistan is grappling with a worsening crisis marked by volatile trends, declining...

Published 14 Apr, 2025 05:20am

Business & Finance

Discrimination in load assessment procedures: ABAD lodges complaint with NEPRA against KE

KARACHI: Association of Builders and Developers of Pakistan (ABAD) has formally lodged a complaint in the National...

Published 14 Apr, 2025 05:20am

Money & Banking

China’s yuan rebounds from 2007 lows

SHANGHAI: China’s yuan bounced off a 2007 trough against a weaker dollar on Friday, but it slipped to a 19-month...

Published 14 Apr, 2025 05:20am

Money & Banking

Russian rouble weakens

MOSCOW: The Russian rouble weakened on Friday, unravelling some of the more than 3% gains in the previous session...

Published 14 Apr, 2025 05:20am

Money & Banking

Sterling falls against euro

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

Published 14 Apr, 2025 05:20am

Money & Banking

Indian rupee posts worst week in two months

MUMBAI: The Indian rupee logged its worst week since February as drastic shifts in US trade policy sparked ...

Published 14 Apr, 2025 05:20am

Business & Finance

Trump trade war has put US ‘close to a recession’: Dalio

NEW YORK: Ray Dalio, billionaire founder of one of the world’s largest hedge funds, said on Sunday that President...

Published 14 Apr, 2025 05:20am

Business & Finance

China urges US to ‘completely cancel’ reciprocal tariffs

BEIJING: China on Sunday called on the United States to “completely cancel” its reciprocal tariffs after...

Published 14 Apr, 2025 05:20am

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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