News Archives for Business & Finance - 2025-04-18

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Business & Finance - 2025-04-18

Industry

Discos privatisation: govt to make transaction committee for private sector participation

Decision taken in 233rd meeting of Privatisation Commission Board

Published 18 Apr, 2025 09:34pm

Commodities

Gold price per tola decreases Rs300 in Pakistan

After hitting record high in the previous session, gold prices decreased in the local market. In Pakistan, gold...

Published 18 Apr, 2025 06:33pm

Markets

CCP says recovered Rs10mn penalty from PIA for ‘abusing dominant position’

Development comes a day after govt announced to seek expressions of interest next week for sale of national carrier

Updated 18 Apr, 2025 08:52pm

Stocks

UAE markets track oil prices higher

Stock exchanges in the United Arab Emirates closed higher on Friday, driven by oil prices that rose on hopes of a...

Published 18 Apr, 2025 05:15pm

Markets

Samba Bank profit declines over 50% YoY in Jan-Mar 2025

Samba Bank Limited (SBL) posted a decline of 53% in its profit-after-tax (PAT) for the quarter ended March 31, 2025...

Published 18 Apr, 2025 05:00pm

Companies

Italian fashion house Valentino suffers 22% profit drop in 2024

ROME: Italian fashion house Valentino’s operating profit dropped 22% last year, the company said on Friday, as the...

Published 18 Apr, 2025 04:38pm

Commodities

Palm records third weekly loss, lowest in 28 weeks

JAKARTA: Malaysian palm oil futures reversed earlier gains, tracking rival oils at Dalian and booked a third...

Published 18 Apr, 2025 04:27pm

Industry

Cargo throughput charges: Islamabad airport collects Rs72.3mn in March 2025

The Islamabad International Airport (IIAP) collected record Rs72.3 million in cargo throughput charges (CTC) during...

Published 18 Apr, 2025 03:19pm

Stocks

KSE-100 ends 414 points higher as buying persists

The Pakistan Stock Exchange (PSX) closed the last session of the week, with its benchmark KSE-100 Index gaining 414...

Updated 18 Apr, 2025 06:57pm

Markets

Karachi port operations paralysed as transporters’ strike enters 4th day

The Transporters of Goods Association (TGA) has intensified its strike at Karachi ports, halting the movement of...

Updated 18 Apr, 2025 09:47pm

Technology

Apple’s China smartphone shipments slide 9% in first quarter

BEIJING: Apple’s shipments of smartphones in China slumped 9% in the first quarter from a year earlier and it was...

Published 18 Apr, 2025 11:53am

Stocks

South Korean shares set to snap 3-week decline on tariff negotiation hopes

The benchmark KOSPI added 6.89 points, or 0.28%, to 2,477.30

Published 18 Apr, 2025 11:51am

Business & Finance

BOJ will keep raising rates if inflation on track, Governor Ueda says

TOKYO: Bank of Japan Governor Kazuo Ueda said on Friday the central bank will keep raising interest rates if...

Published 18 Apr, 2025 11:49am

Commodities

Iron ore set for weekly gain on resilient demand despite Trump tariff shock

BEIJING: Iron ore futures dipped on Friday, but were headed for a weekly gain due to resilient demand, upbeat...

Published 18 Apr, 2025 11:43am

Forex

China’s yuan rises to 2-week high on hopes of de-escalation in US-China tensions

SHANGHAI: China’s yuan strengthened to a more than two-week high against the dollar on Friday, underpinned by broad...

Published 18 Apr, 2025 11:38am

Stocks

China stocks edge lower, set to end week flat

SHANGHAI: China stocks edged down on Friday and looked set to end the week flat, as the market took a breather...

Published 18 Apr, 2025 11:36am

Commodities

China’s March aluminium imports decline

SHANGHAI: China’s imports of unwrought aluminium and aluminium products in March fell 10.6% year-on-year to 340,000...

Published 18 Apr, 2025 11:33am

Commodities

Shanghai copper gains as Trump signals possible end to China tariff hikes

Copper prices in Shanghai rose on Friday as a possible end to the tit-for-tat tariff hikes between the US and China...

Published 18 Apr, 2025 11:28am

Mutual Funds

JGBs mixed in market lull as US starts talks with trade partners

TOKYO: Shorter-dated Japanese government bond yields declined on Friday while super-long yields rose as investors...

Published 18 Apr, 2025 11:04am

Business & Finance

Malaysia’s economy grew 4.4% y/y in Q1, exports to US surge in March

KUALA LUMPUR: Malaysia’s economy grew 4.4% in the first quarter of 2025 from a year earlier and the country’s...

Published 18 Apr, 2025 11:01am

Commodities

Palm trades higher, but on track for third weekly loss

JAKARTA: Malaysian palm oil futures extended gains on Friday, snapping a four-session losing streak on strength in...

Published 18 Apr, 2025 10:40am

Stocks

Japan’s Nikkei heads for best week in 3 months on trade deal hopes

TOKYO: Japan’s Nikkei share average headed for its best week in three months on Friday, as investors turned more...

Published 18 Apr, 2025 10:36am

Markets

Rupee posts marginal decline against US dollar

Local currency settles at 280.72 against greenback

Updated 18 Apr, 2025 09:46pm

Industry

Pharma exports: PSW joins DRAP to introduce digital certification

KARACHI: The Pakistan Single Window (PSW) has introduced digital certification for pharmaceutical exports in...

Published 18 Apr, 2025 08:13am

Industry

Jam Kamal, Afghan minister discuss trade ties, transit-related issues

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan and visiting Afghan Minister of Industry and Commerce Alhaj...

Published 18 Apr, 2025 07:52am

Industry

LIIBS 2025 concludes: Criticality of unified approach, consistency of reforms, technology highlighted

ISLAMABAD: At the 8th Leaders in Islamabad Business Summit 2025, themed Navigating the Unknown, came to a powerful...

Published 18 Apr, 2025 07:48am

Industry

TDAP hosts ‘Pakistan Pavilion’ at MEE event in Dubai

KARACHI: The Trade Development Authority of Pakistan (TDAP) hosted a Pakistan Pavilion at the Middle East Energy...

Published 18 Apr, 2025 07:46am

Pakistan

C/A surplus: PM expresses satisfaction

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday expressed satisfaction over the country’s current account...

Published 18 Apr, 2025 07:44am

Taxes

FTO declares non-compliance of stay order as maladministration

LAHORE: The Federal Tax Ombudsman (FTO) has declared non-compliance of stay order by the tax assessment officer...

Published 18 Apr, 2025 07:30am

Industry

Insurance Industry: CCP offers strategic recommendations for reform

ISLAMABAD: The Competition Commission of Pakistan (CCP) has strongly recommended to end support to the State-Owned...

Published 18 Apr, 2025 07:29am

Taxes

FBR decides to conduct 3rd party audit of tracking services

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to conduct third party audit of tracking services provided...

Published 18 Apr, 2025 07:26am

Companies

‘Jazz invests over $10.9bn in Pakistan’

ISLAMABAD: Burak Ozer, CFO of VEON Group—a global digital operator with a presence in six frontier markets—stated...

Published 18 Apr, 2025 07:23am

Money & Banking

Dollar gains from selling exhaustion

NEW YORK: The US dollar rallied on Thursday after its recent weakness across peer currencies appeared exhausted for...

Published 18 Apr, 2025 05:52am

Money & Banking

Asian currencies: Thai baht hang around 6-month highs

BENGALURU: Emerging Asian equities ticked higher on Thursday as investors assessed trade negotiations between the US...

Published 18 Apr, 2025 05:52am

Money & Banking

ECB cuts rates as Trump tariffs raise fears for eurozone growth

FRANKFURT: The European Central Bank cut interest rates again Thursday amid fears that US President Donald Trump’s...

Published 18 Apr, 2025 05:52am

Industry

Pakistan Interior Furniture Expo inaugurated

KARACHI: Sindh Minister for Energy, Planning, and Development, Syed Nasir Hussain Shah, stated that quality and...

Published 18 Apr, 2025 05:52am

Industry

TDAP inaugurates 4th Health, Engineering & Minerals Show

LAHORE: The Trade Development Authority of Pakistan (TDAP) is proud to host HEMS 2025, the largest and most dynamic...

Updated 18 Apr, 2025 08:31am

Business & Finance

FBR imposes major restrictions on ST-registered persons

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed major restrictions on sales tax registered persons, who...

Published 18 Apr, 2025 05:52am

Companies

Bank Alfalah announces Rs7.04bn PAT for Q1 2025

KARACHI: Bank Alfalah Limited (BAFL) reported a profit after tax of Rs 7.04 billion, translating into an Earning Per...

Published 18 Apr, 2025 05:52am

Business & Finance

Reverse Career Expo: IMC partners with NASTP, Ashrei as title sponsor

KARACHI: Indus Motor Company (IMC), in collaboration with the National Aerospace Science & Technology Park...

Updated 18 Apr, 2025 06:24am

Business & Finance

‘Banking on Equality’ Policy: SBP praised for taking significant steps to promote women empowerment

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

Published 18 Apr, 2025 05:52am

Business & Finance

Pharma industry: Sectoral exports witness 52pc surge in a year

ISLAMABAD: The Pakistan Pharmaceutical Manufacturers Association (PPMA) has claimed that following the government...

Published 18 Apr, 2025 05:52am

Industry

Seminar held at LCCI to strengthen taxpayers-FTO Office engagement

LAHORE: The Federal Tax Ombudsman Secretariat convened a high-level meeting of its Advisory Committee, followed by...

Published 18 Apr, 2025 05:52am

Business & Finance

Steps being taken to transform country into ‘techno-economy’: Ahsan

ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that the government is taking...

Published 18 Apr, 2025 05:52am

Companies

United Insurance, 1Link sign agreement

LAHORE: United Insurance Company of Pakistan Ltd has entered into a strategic partnership with 1Link (Pvt) Ltd to...

Published 18 Apr, 2025 05:52am

Business & Finance

ATIR Islamabad orders transfer of tax appeals involving SOEs to ADRC

ISLAMABAD: In a major development in tax litigation, the Appellate Tribunal Inland Revenue (ATIR), Islamabad has...

Published 18 Apr, 2025 05:52am

Business & Finance

Forex reserves fall $91m

KARACHI: Pakistan’s total liquid foreign reserves declined by $91 million during the last week due to external ...

Published 18 Apr, 2025 05:52am

Business & Finance

IMF expects no global recession

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

Published 18 Apr, 2025 05:52am

Business & Finance

March C/A posts $1.2bn surplus

KARACHI: Pakistan’s current account posted a record all-time high monthly surplus of $1.2 billion in March 2025,...

Published 18 Apr, 2025 05:52am

Business & Finance

PC to seek bids to sell PIA next week

ISLAMABAD: The Privatisation Commission Board on Thursday decided to publish fresh EOI for the divestment of PIACL...

Published 18 Apr, 2025 05:52am

Pakistan

Digitization of economy: PM for formation of working group

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed the relevant ministries and institutions to fully...

Published 18 Apr, 2025 05:52am

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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