News Archives for Business & Finance - 2025-04-22

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Business & Finance - 2025-04-22

Business & Finance

Fitch forecasts Pakistan rupee at 285 against US dollar by June, 295 by FY26 end

Credit rating agency projects Pakistan to gradually devalue its currency to avert likely pressure on current account

Updated 22 Apr, 2025 11:00pm

Business & Finance

Aurangzeb highlights Pakistan’s macroeconomic stability at G-24 meeting

Federal Minister for Finance and Revenue Muhammad Aurangzeb on Tuesday highlighted the country’s progress in...

Published 22 Apr, 2025 08:20pm

World

IMF cuts growth forecasts for most countries in wake of century-high US tariffs

WASHINGTON: The International Monetary Fund on Tuesday slashed its forecasts for growth in the United States, China...

Published 22 Apr, 2025 06:51pm

Companies

CCP approves merger of Junaid Jamshed, U&I Garments

The Competition Commission of Pakistan (CCP) has approved proposed merger of Junaid Jamshed (Private) Limited (JJPL)...

Published 22 Apr, 2025 06:37pm

Business & Finance

Madina to Wall Street: World’s first Shariah-compliant ESG Index launches

Agreement merges Islamic finance principles with contemporary Environmental, Social, and Governance (ESG) standards

Updated 22 Apr, 2025 06:03pm

Business & Economy

Trump tariffs: Pakistan to boost US imports, investments, Aurangzeb tells Bloomberg

Islamabad has announced to send high-level delegation to US to promote trade relations, hold talks on reciprocal tariffs

Updated 22 Apr, 2025 07:36pm

Business & Finance

Volkswagen plans exports from China to Asia, South America, Middle East

SHANGHAI: Volkswagen plans to start exporting cars from China, aiming to sell in other Asian markets, South America...

Published 22 Apr, 2025 04:01pm

Money & Banking

Bank of Punjab profit increases 6% to Rs1.79 billion in 1QCY25

The Bank of Punjab (BOP) posted an increase of 6% in its profit-after-tax (PAT) for the quarter ended March 31, 2025...

Published 22 Apr, 2025 03:48pm

Commodities

Gold continues to soar, gains further Rs5,900 to hit fresh record high in Pakistan

Gold prices continued to soar in Pakistan in line with their increase in the international market. In the local...

Updated 22 Apr, 2025 08:42pm

Technology

Aramco and BYD unveil car technology alliance

SHANGHAI: Saudi Aramco and the Chinese electric vehicle giant BYD announced Monday an agreement to work together on...

Published 22 Apr, 2025 02:37pm

Business & Finance

BoE’s Greene says US tariffs likely to put downward pressure on UK inflation

Britain is more likely to see lower than higher inflation as a result of US President Donald Trump’s tariffs, Bank...

Published 22 Apr, 2025 02:16pm

Stocks

Ugandan shilling stable on slow business activity

Commercial banks quoted the shilling at 3,660/3,670

Published 22 Apr, 2025 02:15pm

Stocks

European shares fall as Novo sees US challenger; Trump’s anti-Powell tirade adds pressure

European shares fell on Tuesday, dragged down by heavyweight Novo Nordisk, while US President Donald Trump’s fresh...

Published 22 Apr, 2025 02:13pm

Markets

Engro Fertilizers profit plunges 63% to Rs2.9bn in Jan-Mar 2025

Engro Fertilizers Limited posted a profit after tax (PAT) of Rs2.90 billion for the quarter ended March 31, 2025, a...

Updated 22 Apr, 2025 07:31pm

Bullion Rate

In Dubai’s Gold Souk, bullion’s record run brings little joy for jewellers

DUBAI: In the bustling Gold Souk in Dubai, dubbed the ‘City of Gold’, 22-karat gold jewellery is a traditional...

Updated 22 Apr, 2025 01:50pm

Stocks

KSE-100 Index ends flat after range-bound trading

The Pakistan Stock Exchange (PSX) witnessed range-bound trading on Tuesday, with its benchmark KSE-100 Index swaying...

Updated 22 Apr, 2025 06:07pm

Business & Economy

Pakistan reiterates pledge to IMF on economic reforms

Finance Minister Aurangzeb meets IMF Managing Director Kristalina Georgieva

Updated 22 Apr, 2025 07:27pm

Stocks

Australian shares in red as Trump’s attack on Fed spooks market

Australian shares fell on Tuesday, with traders fretting about the Federal Reserve’s independence following US...

Published 22 Apr, 2025 12:00pm

Forex

Thai baht/US dollar weaker on Tuesday

The baht was 0.28% lower at 33.20 versus the dollar

Published 22 Apr, 2025 11:54am

Technology

Walmart-backed Flipkart to shift base back to India from Singapore

Flipkart will shift its holding company from Singapore to India, the e-commerce company said on Tuesday, as its...

Published 22 Apr, 2025 11:52am

Business & Finance

Dubai’s Emirates NBD beats profit view on higher interest income, loan growth

DUBAI: Emirates NBD, Dubai’s biggest bank by assets, beat estimates for first-quarter profit on Tuesday, helped by...

Published 22 Apr, 2025 11:39am

Business & Finance

Thai-U.S tariff negotiations were postponed to review issues, Thai PM says

BANGKOK: Thailand’s negotiations with Washington on steep trade tariffs were postponed because the United States has...

Published 22 Apr, 2025 11:37am

Forex

China’s yuan pulls back, trade row keeps markets wary

SHANGHAI: China’s yuan slipped to the weakest level in a week against the dollar on Tuesday as traders remained wary...

Published 22 Apr, 2025 11:34am

Stocks

China, HK stocks steady despite Wall Street declines

HONG KONG: China and Hong Kong stocks held firm on Tuesday, bucking modest losses across Asia after Wall Street fell...

Published 22 Apr, 2025 11:29am

Markets

Pakistan, Malaysia explore digital finance alliance

Pakistan Crypto Council (PCC) CEO Bilal Bin Saqib met Malaysia’s Foreign Minister Mohamad Bin Haji Hasan to explore...

Updated 22 Apr, 2025 07:30pm

Mutual Funds

Indian bond yields rise on RBI’s revised liquidity norms

MUMBAI: Indian government bond yields inched up early on Tuesday, snapping a week-long drop, after the central...

Published 22 Apr, 2025 11:28am

Energy

Chevron cuts output at Wheatstone LNG facility for planned maintenance

SINGAPORE: Chevron is conducting minor planned maintenance at its Wheatstone natural gas facility in Australia,...

Published 22 Apr, 2025 11:26am

Business & Finance

Roche to invest $50 billion in United States over next five years

ZURICH: Roche on Tuesday said it will invest $50 billion in the United States over the next five years, in one of...

Published 22 Apr, 2025 11:25am

Technology

China’s Nio delays Europe launch of Firefly EV to third quarter

SHANGHAI: China’s Nio said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter,...

Published 22 Apr, 2025 11:24am

Stocks

South Korean shares flat ahead of US tariff talks

The benchmark KOSPI fell 1.19 points, or 0.05%, to 2,487.23

Published 22 Apr, 2025 11:21am

Business & Finance

UBS to sell India wealth business to 360 ONE, take 5% stake in India partner

UBS will sell its Indian onshore wealth business to asset manager 360 ONE WAM in a deal valued at 3.07 billion...

Published 22 Apr, 2025 11:20am

Commodities

Palm tracks rival edible oils, crude oil higher at open

KUALA LUMPUR: Malaysian palm oil futures opened higher on Tuesday, and were set to snap six straight sessions of...

Published 22 Apr, 2025 11:16am

Commodities

London copper hits over two-week high as dollar tumbles

NEW DELHI: Copper prices in London hit a more than two-week high on Tuesday, tracking a sharp fall in the dollar as...

Published 22 Apr, 2025 11:15am

Commodities

Iron ore ticks up on near-term China demand prospects

SINGAPORE: Iron ore futures prices edged higher on Tuesday, underpinned by near-term demand in top consumer China,...

Published 22 Apr, 2025 11:14am

Commodities

Wheat gains as dryness hits US winter crops; corn firms on plating delay

SINGAPORE: Chicago wheat futures gained some ground on Tuesday, underpinned by worries over dry weather threatening...

Published 22 Apr, 2025 11:12am

Business & Finance

LG, Samsung sue Indian government over electronic-waste pricing policy

NEW DELHI: South Korea’s LG and Samsung have sued India’s government to quash a policy which increases payouts to...

Published 22 Apr, 2025 11:00am

Stocks

Japan’s Nikkei dips as US tariffs, Trump’s attacks on Fed chief weigh

TOKYO: Japan’s Nikkei edged lower in a choppy session on Tuesday, as investor caution prevailed amid lingering...

Published 22 Apr, 2025 10:53am

Currency

Rupee registers marginal gain against US dollar

Local currency settles at 280.77 against greenback

Updated 22 Apr, 2025 08:43pm

Bullion Rate

Gold touches $3,500/oz amid Trump’s attacks on Powell

Gold prices briefly broke above $3,500 per ounce to an all-time high on Tuesday, after US President Donald Trump...

Updated 22 Apr, 2025 04:03pm

Forex

Dollar wallows near 3-year low as Trump’s attacks on Fed chief unnerve traders

TOKYO: The dollar languished near its lowest level in three years on Tuesday as President Donald Trump’s unrelenting...

Published 22 Apr, 2025 08:14am

Forex

Indian rupee winning streak threatened by yuan losses, technical hurdle

MUMBAI: The Indian rupee’s winning run is likely to halt on Tuesday, pressured by a drop in Asian currencies stoked...

Published 22 Apr, 2025 08:09am

Stocks

Indian benchmarks may open flat; banks in focus after RBI’s liquidity boost

Indian stocks are set to open little changed on Tuesday as the domestic central bank’s liquidity-enhancing measures...

Published 22 Apr, 2025 08:05am

USA

US finalises tariffs on Southeast Asian solar imports

United States (US) trade officials finalised steep tariff levels on most solar cells from Southeast Asia, a key step...

Updated 22 Apr, 2025 08:45pm

Business & Finance

China’s Q1 automobile exports up 16% y/y, industry official says

BEIJING: China’s automobile exports reached 1.54 million units in the first quarter of the year, up 16% compared...

Published 22 Apr, 2025 07:42am

Money & Banking

BMP provides relief of Rs1.65bn to banking customers

KARACHI: The Institution of Banking Mohtasib Pakistan (BMP) has provided relief amounting to Rs 1.65 billion to the...

Published 22 Apr, 2025 07:40am

Stocks

Asia fights drag from Wall St as US assets buckle

SYDNEY: Asian stock markets fought to hold their footing on Tuesday after a furious flight from U.S. assets...

Published 22 Apr, 2025 07:38am

Pakistan

Financial Literacy Week marked

PESHAWAR: SBP BSC Peshawar observed Financial Literacy Week 2025 in line with the State Bank of Pakistan’s vision...

Published 22 Apr, 2025 07:35am

Energy

Oil prices stage recovery on new Iran sanctions, equities rally

NEW YORK: Oil prices rose more than $1 per barrel on Tuesday as new U.S. sanctions against Iran and rising equity...

Updated 22 Apr, 2025 09:36pm

Industry

FPCCI hosts ASEAN delegation

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

Published 22 Apr, 2025 07:33am

Pakistan

‘FBL commitment to social responsibility, nation building’

KARACHI: Faysal Bank Limited (FBL) reinforced its commitment to social responsibility and nation-building through a...

Published 22 Apr, 2025 07:31am

Industry

Tech, energy, and textile sectors: Growing interest of American companies highlighted

LAHORE: Honorary Consul General of Pakistan in Boston, USA, Shahid Khan has underscored the importance of long-term...

Published 22 Apr, 2025 07:28am

Companies

JS Bank, Instant Cash partner for launch of ‘JS GharPay’

KARACHI: JS Bank is partnered with Instant Cash to launch Pakistan’s First Door-to-Door Remittance Service, “JS...

Published 22 Apr, 2025 07:26am

Taxes

KCCI urges FBR to adopt pragmatic, tech-driven approach

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI), Muhammad Jawed Bilwani has expressed serious...

Published 22 Apr, 2025 07:23am

Industry

PAJCCI welcomes Dar’s visit to Afghanistan

PESHAWAR: Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has warmly welcomed the first official visit of...

Published 22 Apr, 2025 07:21am

Industry

PFMMS 2025 concludes with tremendous success

LAHORE: The Pakistan Footwear Material and Machinery Show (PFMMS) 2025 concluded with tremendous success, ...

Published 22 Apr, 2025 07:18am

Business & Finance

Salt export to China rises

ISLAMABAD: Pakistan's salt exports to China witnessed a significant increase in the first quarter of 2025, rising by...

Published 22 Apr, 2025 07:17am

Energy

‘Unwarranted’ drive initiated by SNGPL ‘entirely baseless’, says regulator

ISLAMABAD: The Sui Northern Pipeline Limited (SNGPL) has recently filed a writ petition against the Oil and Gas...

Published 22 Apr, 2025 07:12am

Money & Banking

Asian currencies: Singapore dollar hits six-month peak

BENGALURU: Emerging Asian currencies strengthened on Monday as renewed pressure on the dollar, this time from...

Published 22 Apr, 2025 05:55am

Money & Banking

Dollar slides to three-year low

NEW YORK: The dollar tumbled on Monday to its lowest level in three years as investor confidence in the US economy...

Published 22 Apr, 2025 05:55am

Money & Banking

Dollar helps Indian rupee extend winning streak

MUMBAI: The Indian rupee extended its winning streak on Monday as the dollar remained on the defensive, with ...

Published 22 Apr, 2025 05:55am

Industry

DRAP issues advisory regarding oral liquid preparations contaminated with DEG, EG

ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) in accordance with the World Health Organisation (WHO)...

Published 22 Apr, 2025 05:55am

Industry

Pakistan, Rwanda agree to boost ties in diverse fields

ISLAMABAD: Pakistan and Rwanda have agreed to bolster their bilateral cooperation in areas of trade, investment,...

Published 22 Apr, 2025 05:55am

Industry

Pakistan Auto Show to be held in Nov

KARACHI: The Pakistan Auto Show 2025 (PAPS 2025), which is the country’s largest and only official automotive...

Updated 22 Apr, 2025 07:55am

Business & Finance

Developers at International Property Show say Pakistan ripe for investment

DUBAI: Property investment - both commercial and residential - can bring reliable returns, said Pakistani exhibitors...

Updated 22 Apr, 2025 11:03am

Industry

KCCI, PBC Dubai sign MoU

KARACHI: In a significant move to strengthen economic ties between Pakistan and the United Arab Emirates, the ...

Updated 22 Apr, 2025 07:44am

Companies

Meezan Bank earns Rs22bn PAT in Q1

KARACHI: Meezan Bank (MEBL) recorded a profit after tax of Rs22.042 billion (EPS of Rs12.28) in the first quarter of...

Published 22 Apr, 2025 05:55am

Business & Finance

Resumption of direct flights to improve trade: Nepali envoy

LAHORE: The Ambassador of Nepal to Pakistan Ms Rita Dhital has said that the resumption of direct flights between...

Published 22 Apr, 2025 05:55am

Business & Finance

Transportation of goods: Tribunal rejects customs’ objection regarding change of vehicle

LAHORE: A tribunal has rejected customs objection regarding change of vehicle for transportation of imported goods...

Published 22 Apr, 2025 05:55am

Business & Finance

SSGCL files plea for price increase

ISLAMABAD: The Sui Southern Gas Company Limited (SSGCL) filed an amended petition for raise in natural gas price for...

Published 22 Apr, 2025 05:55am

Business & Finance

PM lauds 9.38pc textiles exports surge

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday appreciated the 9.3% increase in the exports of Pakistan’s...

Published 22 Apr, 2025 05:55am

Business & Finance

Aurangzeb meets IFC Regional VP

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Hela...

Published 22 Apr, 2025 05:55am

Industry

Concern over precarious water supply in SITE area

KARACHI: Patron-in-Chief Zubair Motiwala, Chief Coordinator Saleem Parekh, President Ahmed Azeem Alvi of SITE...

Updated 22 Apr, 2025 07:38am

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 13	373.78
Diesel/Litre / Jun 13	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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