News Archives for Business & Finance - 2025-04-17

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Business & Finance - 2025-04-17

Business & Economy

PIA privatisation: govt to seek bids to sell national airline next week

Pakistan seeks to sell 51-100% stake in debt-ridden carrier

Published 17 Apr, 2025 08:31pm

Companies

Indian billionaire Adani to sell Australia terminal to Adani Ports

Indian billionaire Gautam Adani will transfer ownership of an Australian port terminal to Adani Ports & Special...

Published 17 Apr, 2025 08:26pm

Business & Finance

SBP-held foreign exchange reserves decrease $127mn, now stand at $10.57bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $127 million on a weekly basis,...

Published 17 Apr, 2025 08:24pm

Stocks

TSX set for best week in 7 months; US-Japan trade talks in focus

Energy stocks led Canada’s main stock index higher on Thursday, as investors took stock of U.S.-Japan trade...

Published 17 Apr, 2025 08:20pm

Money & Banking

ECB cuts rates, promises agility in face of trade war uncertainty

FRANKFURT: The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop...

Published 17 Apr, 2025 07:33pm

USA

IMF expects ‘notable markdowns’ in growth forecasts, but no global recession

WASHINGTON: Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions...

Published 17 Apr, 2025 07:29pm

Forex

South African rand firms, markets await clarity on tariffs and local politics

JOHANNESBURG: South Africa’s rand firmed on Thursday, as markets awaited clarity on U.S. tariffs and local investors...

Published 17 Apr, 2025 07:22pm

Stocks

S&P 500, Nasdaq advance after selloff; UnitedHealth plunges

The S&P 500 and the Nasdaq rose on Thursday on the final trading day of the week, with focus on U.S.-Japan...

Published 17 Apr, 2025 07:19pm

Commodities

Wheat and soybeans up 3-5 cents, corn flat-to-1 cent higher

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

Published 17 Apr, 2025 07:13pm

Markets

Pakistan’s REER index clocks in at 101.62 in March 2025

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Published 17 Apr, 2025 07:10pm

Stocks

Gulf markets end mixed on tariff concerns

Stock markets in the Gulf ended mixed on Thursday as uncertainties around U.S. tariff policies and fears of an...

Published 17 Apr, 2025 06:43pm

Commodities

Gold price per tola reaches Rs350,000 for first time in Pakistan

Gold prices continued to increase on Thursday and reached a fresh record in Pakistan. In the local market, gold...

Published 17 Apr, 2025 05:59pm

USA

Trump clashes with Fed chief Powell over interest rates

WASHINGTON: US President Donald Trump blasted Federal Reserve chairman Jerome Powell on Thursday for not lowering...

Published 17 Apr, 2025 05:30pm

Companies

Q2 2025: adapting to global economic shifts

Financial analysis provided by Exness’ Michael Stark, the financial content leader, Stanislav Bernukhov, the senior...

Published 17 Apr, 2025 05:29pm

Companies

Hyundai to suspend EV production in S Korea due to slow demand, US tariffs

SEOUL: Hyundai Motor plans to temporarily suspend production of some of its electric vehicles (EVs) in South Korea...

Published 17 Apr, 2025 05:13pm

Markets

Turkish central bank surprises with rate hike to 46% after market turmoil

ISTANBUL: Turkiye’s central bank hiked its key interest rate by 350 basis points to 46% on Thursday, in a surprise...

Published 17 Apr, 2025 05:03pm

Stocks

Sri Lankan shares end flat as energy stocks offset broad-based gains

Sri Lankan markets closed largely unchanged on Thursday as losses in energy stocks and utilities offset gains across...

Published 17 Apr, 2025 04:54pm

Commodities

Copper falls in thin-volume trade as dollar edges up

LONDON: Copper prices fell in London on Thursday under pressure from a stronger dollar, but remained in a tight...

Published 17 Apr, 2025 04:52pm

Commodities

Palm falls for fourth session as higher production weighs

JAKARTA: Malaysian palm oil futures fell for a fourth straight session on Thursday and closed at the lowest since...

Published 17 Apr, 2025 04:49pm

Commodities

Global LNG: Asian spot prices hold at 1-year low amid supply disruptions

SINGAPORE: Asian spot liquefied natural gas (LNG) prices remained at a near one-year low this week, as supply...

Published 17 Apr, 2025 04:24pm

Technology

India’s Infosys misses fourth-quarter revenue estimates

BENGALURU: Infosys on Thursday projected weak revenue growth for the fiscal year as ongoing softness in North...

Published 17 Apr, 2025 04:21pm

Stocks

London stocks fall, but set to end holiday-shortened week with gains

Britain’s benchmark index fell on Thursday, but was on track for a strong weekly gain on the last day of a...

Published 17 Apr, 2025 04:18pm

Commodities

Indonesian nickel smelter group asks for royalty hike delay until prices rise

JAKARTA: Indonesia’s nickel smelters association has requested the government delay its new mineral royalty fees...

Published 17 Apr, 2025 04:16pm

Companies

AmEx profit rises on resilient card spending

American Express reported a 6% rise in first-quarter profit on Thursday, as its premium customers shrugged off fears...

Published 17 Apr, 2025 04:12pm

Stocks

Financials haul Indian stocks to best week in over 4 years

India’s benchmark indexes closed higher on Thursday to log their best week in more than four years and erase all...

Published 17 Apr, 2025 04:10pm

Markets

Pakistan posts record $1.2bn current account surplus in March 2025

On YoY basis, C/A increases 230% against $363 million surplus in same month last year

Updated 17 Apr, 2025 07:11pm

Forex

Russian rouble firms vs dollar, bolstered by stronger oil

MOSCOW: The Russian rouble strengthened against the US dollar and China’s yuan on Thursday, boosted by stronger oil...

Published 17 Apr, 2025 03:40pm

Stocks

Major Gulf markets decline as tariffs concerns weigh

Major stock markets in the Gulf fell in early trade on Thursday as uncertainties around US tariff policies and fears...

Published 17 Apr, 2025 03:37pm

Business & Finance

IMF says it concludes visit to Bangladesh

The International Monetary Fund has concluded a visit to Bangladesh as part of discussions to reach a staff-level...

Published 17 Apr, 2025 02:33pm

Business & Finance

UAE startup Metric, founded by Pakistanis, announces 7-figure seed round

Launches 'world’s first Chief Financial AI' called Max

Published 17 Apr, 2025 01:04pm

Companies

Haleon Pakistan names Qawi Naseer as next CEO

Consumer healthcare company Haleon Pakistan Limited on Thursday named Qawi Naseer as the next Chief Executive...

Published 17 Apr, 2025 11:55am

Stocks

South Korean shares slightly higher as central bank holds rates

The benchmark KOSPI was up 8.98 points, or 0.37%, at 2,456.41

Published 17 Apr, 2025 11:30am

Forex

Thai baht/US dollar weaker on Thursday

The baht was 0.14% lower at 33.14 per dollar

Published 17 Apr, 2025 11:27am

Commodities

Palm snaps three-session losing run on strong rival vegetable oils

JAKARTA: Malaysian palm oil futures rose on Thursday, after hitting their lowest close since October 1 in the...

Published 17 Apr, 2025 11:24am

Commodities

Iron ore gains as focus shifts to favourable fundamentals

BEIJING: Iron ore futures drifted higher on Thursday, as the focus shifted back to favourable fundamentals of firm...

Published 17 Apr, 2025 11:21am

Business & Finance

Malaysia Airlines reports lower profit in 2024 amid operational challenges

KUALA LUMPUR: Malaysia Airlines’ parent company Malaysia Aviation Group reported a second consecutive annual profit...

Published 17 Apr, 2025 11:02am

Stocks

Wipro shares drop after weak first quarter forecast flags growth worries

BENGALURU: Shares of Wipro fell as much as 6.3% on Thursday, a day after the company forecast a weak June quarter,...

Published 17 Apr, 2025 11:01am

Business & Finance

South Korea signals rate cuts in May, year ahead as Trump tariffs pose ‘significant’ risks

SEOUL: South Korea’s central bank on Thursday signalled it would cut rates in May and left the door wide open to...

Published 17 Apr, 2025 10:59am

Energy

South Korea’s KOGAS seeks LNG supplies from 2025-2026 delivery

SINGAPORE: South Korea’s Korea Gas Corp (KOGAS) is seeking liquefied natural gas (LNG) supplies for delivery between...

Published 17 Apr, 2025 10:54am

Business & Finance

ABB Q1 profit beats forecasts as company announces robotics spin-off

ZURICH: ABB reported better than expected profit during its first quarter as the Swiss industrial group said it also...

Published 17 Apr, 2025 10:48am

Bullion Rate

Profit-booking pulls gold off all-time high

Gold prices eased on Thursday as investors booked profits after bullion hit an all-time high earlier in the session...

Published 17 Apr, 2025 10:46am

Commodities

Shanghai copper gains on weaker dollar, improving Chinese economy

Shanghai copper firmed on Thursday, as a softer dollar and improving economic data from top metals consumer China...

Published 17 Apr, 2025 10:45am

Stocks

Japan’s Nikkei rebounds, yen weakens as trade talks begin in Washington

TOKYO: Japan’s Nikkei share average bounced back on Thursday from the previous session’s declines, helped by a...

Published 17 Apr, 2025 10:43am

Stocks

Indian shares open lower, dragged by IT on Wipro’s bleak outlook

India’s benchmark indexes inched lower at the open on Thursday, dragged by information technology stocks after Wipro...

Published 17 Apr, 2025 10:41am

Forex

Australia, NZ dollars off highs, data causes few ripples

SYDNEY: The Australian and New Zealand dollars gave back a little of their recent gains on Thursday as their US...

Published 17 Apr, 2025 10:40am

Currency

Rupee posts marginal decline against US dollar

Local currency settles at 280.62 against greenback

Updated 17 Apr, 2025 06:20pm

Commodities

Weak US dollar lifts wheat prices

CANBERRA: Chicago wheat futures rose on Thursday, supported by a weak US dollar, although much-needed rains in the...

Published 17 Apr, 2025 10:39am

Forex

China’s yuan slips on tariff woes

HONG KONG: China’s yuan fell against the US dollar on Thursday, as trade frictions between the world’s two biggest...

Published 17 Apr, 2025 10:37am

Stocks

Hong Kong stocks rise, led by property and tech shares

SHANGHAI: Hong Kong shares rose on Thursday, led by property, tech and chip stocks, while investors awaited more...

Published 17 Apr, 2025 10:36am

Business & Finance

BOJ’s Ueda says US tariff uncertainty heightening sharply

TOKYO: Bank of Japan Governor Kazuo Ueda said on Friday uncertainty surrounding US policy, particularly that on...

Published 17 Apr, 2025 10:35am

Stocks

Miners and energy stocks lift Australian shares

Australian shares rose on Thursday, aided by heavyweight miners and energy stocks, although US Federal Reserve Chair...

Published 17 Apr, 2025 10:33am

Mutual Funds

Indian bond yields dip ahead of central bank debt purchase

MUMBAI: Indian government bond yields dipped in early deals on Thursday ahead of the central bank’s bond purchase...

Published 17 Apr, 2025 10:12am

Stocks

KSE-100 Index closes 881 points higher amid buying momentum

Buying returned to the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index gained 881 points during...

Updated 17 Apr, 2025 08:54pm

Technology

OpenAI’s $500 billion Stargate venture weighs future UK investment, FT reports

Stargate, the $500 billion US data-centre project funded by SoftBank, OpenAI and Oracle, is weighing a future...

Published 17 Apr, 2025 10:10am

Industry

PACC launched in Chicago

KARACHI: The Pakistani American Chicagoland Chamber of Commerce (PACC) was launched in Chicago, with Consul General...

Published 17 Apr, 2025 08:32am

Companies

FBL terminates talks on potential acquisition of Ithmaar’s portfolio

KARACHI: Faysal Bank Limited’s (FBL) has announced to terminate the discussions regarding the potential ...

Published 17 Apr, 2025 08:27am

Industry

COPHC shares plan to develop high-tech aquaculture industry in Gwadar

ISLAMABAD: The China Overseas Ports Holding Company (COPHC), Wednesday, shared a comprehensive plan with Pakistan of...

Published 17 Apr, 2025 08:22am

Industry

FPCCI emphasizes special steps for development of SMEs in budget

KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh emphasized ...

Published 17 Apr, 2025 08:16am

Industry

‘Pakistan’s connectivity gap represents deeper national capability divide’

ISLAMABAD: Pakistan’s connectivity gap is not just a matter of missing telecom infrastructure—it represents a...

Published 17 Apr, 2025 08:16am

Industry

Pakistan charts sustainable future at ‘Leaders in Islamabad Business Summit’s’ 8th Edition

ISLAMABAD: Day 1 of the 8th Edition of Pakistan’s biggest corporate event, Leaders. In Islamabad Business Summit...

Published 17 Apr, 2025 08:04am

Forex

Indian rupee set for modest uptick on possible inflows, wobbling dollar

MUMBAI: The Indian rupee is poised to inch up at open on Thursday, supported by prospects of foreign equity inflows...

Published 17 Apr, 2025 08:01am

Stocks

Stocks, dollar on back foot as trade war, Powell comments weigh

SINGAPORE: Asian stocks wavered on Thursday after Federal Reserve Chair Jerome Powell warned of the risk of slowing...

Published 17 Apr, 2025 07:55am

Industry

KATI, UAE CG discuss strengthening trade ties

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, met with the Consul General...

Published 17 Apr, 2025 07:51am

Asia

China says it will ignore US ‘tariff numbers game’

BEIJING: China will pay no attention if the United States continues to play the “tariff numbers game”, China’s...

Published 17 Apr, 2025 07:51am

Companies

HBL Zarai Services Ltd launches wheat procurement initiative

LAHORE: In line with its core mission to empower farmers and transform Pakistan’s agriculture landscape, HBL Zarai...

Published 17 Apr, 2025 07:47am

Currency

Bhutan turns to ‘green’ cryptocurrency to fuel economy

NEW DELHI: The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using...

Published 17 Apr, 2025 07:40am

Energy

Asian countries, including Pakistan, look to buy more US energy to offset trade imbalance

SINGAPORE: Asian governments, including Pakistan’s, are looking to buy more US oil and gas as they scramble to lower...

Updated 17 Apr, 2025 08:54pm

Forex

Dollar slides towards Easter weekend

SINGAPORE: The dollar looked set to notch a fourth straight weekly loss on Thursday as tariffs drive investors from...

Published 17 Apr, 2025 07:26am

Energy

Oil set for weekly rise on new Iran sanctions

LONDON: Oil prices rose to the highest in two weeks on Thursday after the United States imposed new sanctions to...

Updated 17 Apr, 2025 04:28pm

Business & Finance

World Bank urges developing states to lower tariffs, focus on regional trade

WASHINGTON: World Bank President Ajay Banga urged developing countries on Wednesday to liberalize trade, saying many...

Published 17 Apr, 2025 05:42am

Business & Finance

WTO slashes 2025 trade growth forecast, warns of deeper slump

GENEVA: The World Trade Organization sharply cut its forecast for global merchandise trade from solid growth to a...

Published 17 Apr, 2025 05:42am

Business & Finance

CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

ISLAMABAD: The Competition Commission of Pakistan (CCP) has cracked down on Nishat Hyundai Motors, slapping the auto...

Published 17 Apr, 2025 05:42am

Business & Finance

Women: SBP urged to ease account opening, loan provisions

ISLAMABAD: The Special Committee on Gender Mainstreaming acknowledged the State Bank of Pakistan (SBP) for taking...

Published 17 Apr, 2025 05:42am

Pakistan

Crackdown on road-unfit vehicles: Goods transporters suspend operations at 3 port terminals

KARACHI: Goods transporters have suspended operations at Karachi’s ports in protest against the traffic police ...

Updated 17 Apr, 2025 08:37am

Money & Banking

Dollar resumes fall as investors wait on trade talks

NEW YORK: The dollar resumed its fall on Wednesday with both safe havens and risk sensitive currencies outperforming...

Published 17 Apr, 2025 05:42am

Money & Banking

Asian currencies: Thai baht rallies to near 6-month high

BENGALURU: Stock markets in emerging Asia fell on Wednesday, snapping a four-day winning streak, as US curbs on some...

Published 17 Apr, 2025 05:42am

Companies

Soneri Bank posts Rs1,147m PAT in 1Q25

KARACHI: The Board of Directors of Soneri Bank Limited, in their 210th meeting held in Karachi on Tuesday, approved...

Published 17 Apr, 2025 05:42am

Energy

Petrol and HSD: Govt to raise PL beyond permitted limit

ISLAMABAD: The federal government decided to raise petroleum levy (PL) on petrol by Rs8.02 per litre and high speed...

Published 17 Apr, 2025 05:42am

Business & Finance

Unlocking country’s true potential: OICCI proposes ‘economic execution plan’

KARACHI: Yousaf Hussain, President of the Overseas Investors Chamber of Commerce and Industry (OICCI), Wednesday...

Published 17 Apr, 2025 05:42am

Business & Finance

Iraqi CG underscores need for promoting bilateral business ties

KARACHI: Consul General of Iraq in Karachi Maher Mjhid Jejan has expressed the Iraqi Consulate’s firm commitment ...

Published 17 Apr, 2025 05:42am

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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