News Archives for Business & Finance - 2025-04-15

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Business & Finance - 2025-04-15

Companies

Mali shuts Barrick Gold’s Bamako office over alleged non-payment of taxes

DAKAR: Malian authorities have shut the Canadian miner Barrick Gold’s office in the capital Bamako over the alleged...

Published 15 Apr, 2025 09:39pm

Companies

Apple airlifted iPhones worth a record $2 billion from India in March as Trump tariffs loomed

NEW DELHI: Apple’s main India suppliers Foxconn and Tata shipped nearly $2 billion worth of iPhones to the United...

Published 15 Apr, 2025 08:04pm

Stocks

TSX rises on cooler inflation data, US tariff relief hopes

Canada’s main stock index rose on Tuesday as domestic inflation rate unexpectedly cooled, while prospects of...

Published 15 Apr, 2025 08:00pm

Commodities

Soy down 6-8 cents, wheat down 2-4 cents, corn flat-up 2 cents

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

Published 15 Apr, 2025 07:27pm

Stocks

Most Gulf markets end higher on potential US tariff exemptions

Most stock markets in the Gulf ended higher on Tuesday after U.S. President Donald Trump suggested he might grant...

Published 15 Apr, 2025 07:24pm

Business & Finance

European rating agency Scope sends US downgrade warning

LONDON: European credit ratings agency Scope has warned that the United States could be downgraded if a lengthy...

Published 15 Apr, 2025 07:19pm

Stocks

Wall St edges up as investors hold on to tariff relief hopes

Wall Street inched higher on Tuesday, as investors assessed the possibility of tariff relief for the auto sector,...

Published 15 Apr, 2025 07:12pm

Energy

World oil demand, US supply to grow more slowly on tariff tensions, IEA says

LONDON: Global oil demand will grow at its slowest rate for five years in 2025 and U.S. production rises will also...

Published 15 Apr, 2025 06:20pm

Commodities

Coffee rallies on tight stocks and wider relief over tariff reprieves

LONDON: Coffee prices rose on Tuesday as investor focus returned to extremely tight stocks and relief in wider...

Published 15 Apr, 2025 05:37pm

Commodities

Gold price per tola gains Rs600 in Pakistan

Gold prices in Pakistan gained on Tuesday, in line with their increase in the international market. In the local...

Published 15 Apr, 2025 05:29pm

Companies

Citigroup profit surges as stock trading jumps 23%

NEW YORK: Citigroup’s profit surged in the first quarter as its traders reaped a windfall from volatile markets that...

Published 15 Apr, 2025 05:12pm

Commodities

Palm oil falls on estimates of improved output, weak rivals

JAKARTA: Malaysian palm oil futures fell for a second consecutive session on Tuesday, weighed down by expectations...

Published 15 Apr, 2025 04:57pm

Companies

Honda to make 90% of US sales locally by relocating Mexico, Canada production, Nikkei reports

TOKYO: Honda is considering switching some car production from Mexico and Canada to the United States, aiming for...

Published 15 Apr, 2025 04:50pm

Business & Economy

Fitch Ratings upgrade ‘strong’ endorsement of govt policies: Aurangzeb

Finance Minister Muhammad Aurangzeb on Tuesday said Fitch Ratings’ decision to upgrade Pakistan’s rating from CCC+...

Updated 15 Apr, 2025 05:43pm

South Asia

India’s retail inflation slows to over 5-year low in March

NEW DELHI: India’s retail inflation eased to 3.34% in March, the slowest pace in over five years, as food prices...

Published 15 Apr, 2025 04:47pm

Europe

US policy on stablecoins more dangerous than tariffs, Italian minister says

ROME: US policy on stablecoins offers European citizens an attractive payment method for cross-border transactions...

Published 15 Apr, 2025 04:44pm

Money & Banking

Bank of America’s first-quarter profit rises on trading strength

Bank of America’s profit rose in the first quarter, as market volatility boosted its trading fees, lifting the...

Published 15 Apr, 2025 04:38pm

Energy

HSBC lowers Brent price forecasts on trade tensions, sluggish oil demand

HSBC revised down its Brent crude price forecast on Tuesday, citing rising trade tensions and an expected reduction...

Published 15 Apr, 2025 04:36pm

Business & Economy

Fitch upgrades Pakistan rating to ‘B-’

Upgrade reflects increased confidence that Pakistan will sustain its recent progress

Updated 15 Apr, 2025 09:29pm

Companies

J&J earnings beat estimates on strong cancer drug sales

Johnson & Johnson on Tuesday reported first-quarter revenue and profit above Wall Street estimates, driven again...

Published 15 Apr, 2025 04:26pm

Stocks

India’s Sensex erases post-tariff losses as Trump signals exemptions

Indian shares joined a global relief rally on Tuesday after U.S. President Donald Trump signaled more tariff...

Published 15 Apr, 2025 04:22pm

Commodities

Copper drifts lower on confusion over tariffs, growth

LONDON: Copper prices slipped on Tuesday after three sessions of gains on uncertainty about tariffs being imposed by...

Published 15 Apr, 2025 04:20pm

Markets

Pakistan sees sharp decline in worker emigration to UAE: report

Frequent changes in UAE visa policies attributed to the decline

Published 15 Apr, 2025 03:51pm

Stocks

European shares rise as Trump touts auto-related tariff break; LVMH plunges

European shares rose on Tuesday as investors digested fast-changing US tariff plans, while shares of LVMH slumped...

Published 15 Apr, 2025 03:33pm

Energy

Pakistan mulls US oil imports to ease trade imbalance, sources say

Pakistan faces a 29% tariff due to a $3 billion trade surplus with the US

Updated 15 Apr, 2025 10:09pm

Forex

Sterling edges up; UK data shows softer jobs market

LONDON: The pound edged up on Tuesday, clawing back some gains from the euro in particular, as the volatility that...

Published 15 Apr, 2025 03:18pm

Energy

IEA, like OPEC, cuts 2025 oil demand forecast on trade tensions

LONDON: The International Energy Agency (IEA) on Tuesday sharply cut its forecast for the growth in global oil...

Published 15 Apr, 2025 03:16pm

Technology

Ericsson profit rises but ‘not immune’ from trade war

STOCKHOLM: Swedish telecommunications equipment giant Ericsson posted a jump in first-quarter net profit Tuesday as...

Published 15 Apr, 2025 01:42pm

Companies

OGDCL’s Masud discusses plans for organizing Pakistan Minerals Investment Forum 2026

ISLAMABAD: Chairman of Oil and Gas Development Company Limited (OGDCL), Zafar Masud, visited the company’s head...

Published 15 Apr, 2025 12:52pm

Asia

South Korea unveils $23 billion support package for chips amid US tariff uncertainty

SEOUL: South Korea announced on Tuesday an increase in its support package for the country’s vital semiconductor...

Published 15 Apr, 2025 11:53am

Asia

China’s murky bankruptcies expose hazards for foreign investors

DALIAN: When a Chinese pork producer filed for bankruptcy in 2019, the news came as a jolt to Alan Hill. The retired...

Published 15 Apr, 2025 11:46am

USA

Trump administration sued over tariffs in US Court of International Trade

A legal advocacy group on Monday asked the U.S. Court of International Trade to block President Donald Trump’s...

Published 15 Apr, 2025 11:40am

Companies

TRG Pakistan tender offer deadline extended amid ongoing legal battle

Amid ongoing legal proceedings, the public acceptance period for PSX-listed Greentree Holdings’ tender offer for TRG...

Published 15 Apr, 2025 11:40am

Technology

Tencent-backed China Ruyi raises $302 million in convertible bonds

Chinese media firm China Ruyi Holdings said on Tuesday it had raised HK$2.34 billion ($301.74 million) in a...

Published 15 Apr, 2025 11:35am

Stocks

South Korean shares rise as automakers jump on tariff exemption hope; drugmakers fall

The benchmark KOSPI was up 10.64 points, or 0.43%, at 2,466.53

Published 15 Apr, 2025 11:32am

Business & Finance

UBS lowers forecast for China 2025 GDP growth to 3.4% on tariff hikes

BEIJING: UBS has downgraded its China GDP growth forecast to 3.4% for 2025, on the assumption that tariff hikes...

Published 15 Apr, 2025 11:21am

Commodities

Iron ore consolidates as market awaits more China data

BEIJING: Iron ore futures prices dangled in a tight range on Tuesday, as investors and traders were awaiting a raft...

Published 15 Apr, 2025 11:19am

Forex

China’s yuan steady, markets remain on edge over US tariff policy

SHANGHAI: China’s yuan held steady against the US dollar on Tuesday even as markets grappled with the Trump...

Published 15 Apr, 2025 11:18am

Commodities

Wheat slips on forecasts for rain in US cropping regions

CANBERRA: Chicago wheat futures edged lower for a second day on Tuesday after weather forecasts predicted better...

Published 15 Apr, 2025 11:17am

Business & Finance

Nissan to cut Japanese production of top-selling US model due to tariffs, source says

TOKYO: Nissan will cut Japanese production of its top-selling US model, the Rogue SUV, over May-July, said a person...

Published 15 Apr, 2025 11:14am

Stocks

China, Hong Kong shares flat; losses in chip stocks offset banks’ gains

HONG KONG: China and Hong Kong stocks were flat on Tuesday, as investors awaited more clarity on the trade situation...

Published 15 Apr, 2025 11:13am

Commodities

LME copper firms on US tariff reprieve, China stimulus bets

London copper firmed on Tuesday, holding near the more-than-one-week high hit in the previous session, aided by...

Published 15 Apr, 2025 10:58am

Bullion Rate

Gold firms as markets grapple with US tariff uncertainty

Gold firmed on Tuesday amid continued uncertainty over US President Donald Trump’s tariff plans and their impact on...

Published 15 Apr, 2025 10:54am

Commodities

Palm tracks weakness in Chicago soyoils, Dalian vegetable oils

JAKARTA: Malaysian palm oil futures fell for a second consecutive session on Tuesday, weighed down by lacklustre...

Published 15 Apr, 2025 10:36am

Forex

Indian rupee likely to inch up, dollar drifts amid US tariffs crosswinds

MUMBAI: The Indian rupee is poised to open marginally higher on Tuesday as the US dollar faces headwinds from...

Published 15 Apr, 2025 10:34am

Forex

Australia, NZ dollars extend winning streak as greenback loses lustre

SYDNEY: The Australian and New Zealand dollars were trying for a fifth straight session of gains on Tuesday as their...

Published 15 Apr, 2025 10:33am

Stocks

Australian shares edge higher as miners, energy firms outweigh consumer weakness

Australian shares posted marginal gains on Tuesday, supported by energy stocks and miners, though the upside was...

Published 15 Apr, 2025 10:32am

Mutual Funds

Indian bond yields lower on RBI’s surprise liquidity move

MUMBAI: Indian government bond yields slipped early on Tuesday after the country’s central bank surprised markets...

Published 15 Apr, 2025 10:30am

Stocks

Indian benchmarks set to open higher after US tariff exemptions

India’s benchmark equity indexes are set to open higher on Tuesday after an extended weekend as US President Donald...

Published 15 Apr, 2025 10:28am

Exchange

Rupee registers marginal improvement against US dollar

Currency hovers at 280.57 against the US dollar

Updated 15 Apr, 2025 06:12pm

Stocks

Japan automakers propel Nikkei after Trump hints at tariff relief

TOKYO: Japan’s Nikkei share average climbed on Tuesday, propelled by a sharp rally for automakers after US President...

Published 15 Apr, 2025 10:15am

Energy

Oil prices dip after IEA cuts demand growth outlook

LONDON: Oil prices inched down on Tuesday after the International Energy Agency followed OPEC in slashing its oil...

Updated 15 Apr, 2025 05:33pm

Forex

Dollar steady as traders grapple with tariff uncertainty, volatility

SINGAPORE: The dollar was steady on Tuesday but stayed close to the three-year low against the euro and a six-month...

Published 15 Apr, 2025 10:12am

Stocks

Asia shares rise, bonds hold steady on some tariff reprieve

SINGAPORE: Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after US President Donald...

Published 15 Apr, 2025 10:11am

Stocks

KSE-100 adds further 385 points as buying continues

The Pakistan Stock Exchange (PSX) continued its buying spree on Tuesday, with the benchmark KSE-100 Index closing...

Updated 15 Apr, 2025 06:27pm

Industry

Tobacco control policies & taxation framework: FTT asks FBR to scrutinise data provided by int’l bodies/NGOs

ISLAMABAD: Fair Trade in Tobacco (FTT), a think tank has asked the Federal Board of Revenue, and the Ministry of...

Published 15 Apr, 2025 07:24am

Industry

Delay in tender offer by Greentree Holdings for TRG Pakistan irks investors

KARACHI: The delay in the tender offer by Bermuda-based Greentree Holdings for PSX-listed TRG Pakistan has caused...

Updated 16 Jan, 2026 01:10pm

Pakistan

Gwadar Port: Call for building oil refuelling depot for ships

LAHORE: Commander Central Punjab, Commandant Pakistan Navy War College Lahore, Rear Admiral Jawad Ahmed called on...

Published 15 Apr, 2025 07:02am

Industry

Comprehensive industrial policy being pursued: SAPM

ISLAMABAD: Special Assistant to Prime Minister on Industries and Production, Haroon Akhtar Khan Monday said the...

Published 15 Apr, 2025 06:59am

Pakistan

Crackdown against sales tax violators; super mart sealed

HYDERABAD: The Focal Person Point of Sale, Assistant Commissioner Inland Revenue, Aijaz Ali, on directions of the...

Published 15 Apr, 2025 06:58am

Business & Finance

Surge in remittances: PM terms a ‘huge trust’ in govt policies

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday boasted that Pakistanis living abroad pumped a record-breaking $4...

Published 15 Apr, 2025 06:30am

Business & Finance

Criticality of sustainable economic growth highlighted

KARACHI: Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal, while underscoring the...

Updated 15 Apr, 2025 07:32am

Business & Finance

Trade tensions can lead to stock market crashes: IMF

WASHINGTON: Major geopolitical risk events, including trade tensions, can trigger large corrections in stock prices,...

Published 15 Apr, 2025 05:54am

Money & Banking

Bruised dollar languishes near three-year lows on tariff anxiety

NEW YORK: The dollar drifted lower on Monday, while the Japanese yen and the euro progressed higher as investor...

Published 15 Apr, 2025 05:54am

Money & Banking

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 15 Apr, 2025 05:54am

Money & Banking

Australia, NZ 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 15 Apr, 2025 05:54am

Business & Finance

Fiza named among 40 Under-40 global leaders

KARACHI: Fiza Farhan, CEO of ORA Global Development Advisors and advisor on various development agendas, has been...

Updated 15 Apr, 2025 07:55am

Business & Finance

SECP asks AMCs to incorporate KFS for investors

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced a Key Fact Statement (KFS) by ...

Updated 15 Apr, 2025 07:49am

Money & Banking

Cross-border payment efficiency: Bank Alfalah teams up with Swift

KARACHI: Bank Alfalah, has announced a strategic collaboration with Swift to enhance security and efficiency for...

Published 15 Apr, 2025 05:54am

Companies

FAST Cables hosts ‘FAST Forward Sustainable Development’

LAHORE: FAST Cables hosted the FAST Forward Sustainable Development Forum on April 12, 2025, at the University of...

Published 15 Apr, 2025 05:54am

Energy

OGRA hikes imported RLNG transmission rate

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) in accordance with the policy guidelines of the federal...

Published 15 Apr, 2025 05:54am

Pakistan

Zaka elected PSMA-Centre chief

LAHORE: Chaudhry Zaka Ashraf has been elected as Chairman of the PSMA-Centre, Chaudhry Muhammad Aslam as Chairman...

Published 15 Apr, 2025 05:54am

Industry

PCJCCI to organise ‘Pak-China Love Festival’ on 25th

LAHORE: Pakistan China Chamber of Commerce and Industry (PCJCCI) collaborated with Consulate General of the...

Published 15 Apr, 2025 05:54am

Business & Finance

‘Digital Livestock Management System’ proposed

FAISALABAD: The chain of livestock sector must be redefined from introduction of high yielding domestic breeds of...

Published 15 Apr, 2025 05:54am

Energy

OPEC cuts global oil demand growth forecasts

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

Published 15 Apr, 2025 05:54am

Money & Banking

Asian currencies: Philippine peso, Malaysia’s ringgit gain slightly

KUALA LUMPUR: In Southeast Asia, the Philippine peso and Malaysia’s ringgit appreciated slightly on Monday, while...

Published 15 Apr, 2025 05:54am

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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