News Archives for Business & Finance - 2025-04-23

<<>>

Business & Finance - 2025-04-23

Markets

Highway blockade in Sindh halts business, export activities across Pakistan

Pakistan’s economic activities remained suspended on Wednesday as a week-long blockade on the National Highway in...

Published 23 Apr, 2025 10:25pm

Energy

OPEC+ to consider another accelerated oil output increase for June

LONDON: Several OPEC+ members will suggest accelerating oil output hikes in June for a second consecutive month,...

Published 23 Apr, 2025 08:41pm

Business & Finance

Power minister sacks 7 NTDC officials over ‘negligence, unnecessary project delays’

Federal Power Minister Sardar Awais Ahmed Khan Leghari has ordered the immediate removal of seven senior National...

Published 23 Apr, 2025 07:44pm

USA

White House would consider cutting China tariffs as part of talks, source says

The Trump administration would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a...

Updated 23 Apr, 2025 08:37pm

USA

US Treasury’s Bessent calls on IMF, World Bank to refocus on core missions

WASHINGTON: US Treasury Secretary Scott Bessent on Wednesday called on the International Monetary Fund and World...

Published 23 Apr, 2025 07:23pm

World

IMF says tariff pressures to push global public debt past pandemic levels

WASHINGTON: Economic pressures from steep new U.S. tariffs will push global public debt above pandemic-era levels to...

Published 23 Apr, 2025 06:46pm

Stocks

Most Gulf markets gain as Trump retreats on Fed pressure

Most stock markets in the Gulf ended higher on Wednesday, after U.S. President Donald Trump said he had no plans to...

Published 23 Apr, 2025 06:38pm

Commodities

Corn and wheat down 2-4 cents, soybeans mixed

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

Published 23 Apr, 2025 06:32pm

Markets

Kohinoor Energy profit declines 60% to Rs180mn in Jan-Mar 2025

Kohinoor Energy Limited registered a decline of 60% in its profit for the quarter ended March 31, 2025, against the...

Published 23 Apr, 2025 05:32pm

Companies

India’s Bajaj Housing Finance posts bigger quarterly profit on home loan demand

India’s Bajaj Housing Finance reported a rise in fourth-quarter profit on Wednesday, supported by strong credit...

Published 23 Apr, 2025 05:31pm

Companies

India’s Tata Consumer beats revenue estimates on robust volumes, price hikes

India’s Tata Consumer Products beat quarterly revenue estimates on Wednesday, on higher sales volume and price hikes...

Published 23 Apr, 2025 05:25pm

Business & Finance

Govt set to scrap federal excise duty on property to boost real estate

The government is set to eliminate Federal Excise Duty (FED) on property transactions after Prime Minister Shehbaz...

Updated 23 Apr, 2025 07:11pm

Middle East

Saudi flyadeal confirms order for 10 Airbus A330neo jets

Saudi budget carrier flyadeal on Wednesday confirmed a deal to order 10 Airbus A330neo wide-body passenger jets as...

Published 23 Apr, 2025 04:52pm

Companies

Barkat Frisian says to set up Rs500mn dried egg powder plant

Barkat Frisian Agro Limited (BFAGRO) said on Wednesday it would set up a dried egg powder production facility with...

Updated 23 Apr, 2025 07:08pm

Companies

Intel to lay off more than 20% of workforce

Intel is set to unveil plans this week to slash more than 20% of its workforce, in a move to streamline operations...

Published 23 Apr, 2025 04:48pm

Technology

Apple fined $570 million and Meta $228 million for breach of EU law

BRUSSELS: Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European...

Published 23 Apr, 2025 04:45pm

Commodities

Soybeans hit 2-month high on hopes of easing US-China trade tensions

PARIS/SINGAPORE: Soybean prices rose to a two-month high on Wednesday, underpinned by expectations of a...

Published 23 Apr, 2025 04:36pm

Forex

Russian rouble weakens amid Ukraine peace talks uncertainty

MOSCOW: The Russian rouble weakened against the U.S. dollar and China’s yuan on Wednesday amid uncertainty over...

Published 23 Apr, 2025 04:33pm

Stocks

Sri Lankan shares fall as IT, consumer staples drag

CSE All-Share index settled 0.08% lower at 15,543.99

Published 23 Apr, 2025 04:31pm

Stocks

IT stocks power India’s stocks to their best close of 2025

India’s benchmark indexes ended Wednesday at their highest levels in 2025, led by a rally in information technology...

Published 23 Apr, 2025 04:28pm

Commodities

Copper hits three-week high, buoyed easing trade tensions

LONDON: Copper prices scaled three-week peaks on Wednesday as worries about global trade tensions eased after U.S....

Published 23 Apr, 2025 04:25pm

Commodities

Palm oil ends higher on bargain hunting, stronger sentiment

JAKARTA: Malaysian palm oil futures closed higher on Wednesday, supported by bargain hunting and firmer sentiment...

Published 23 Apr, 2025 04:22pm

Commodities

Gold falls massive Rs11,700 per tola in Pakistan

After hitting record high in the previous session, gold prices decreased in the local market and international...

Updated 23 Apr, 2025 08:43pm

Technology

Xiaomi denies report of YU7 SUV launch delay, Lei Jun to skip Shanghai auto show

SHANGHAI: Xiaomi on Wednesday denied a report that the launch of its highly-anticipated YU7 had been delayed and...

Published 23 Apr, 2025 01:33pm

Commodities

Jordan issues tender to buy up to 120,000 T wheat, traders say

HAMBURG: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling...

Published 23 Apr, 2025 01:19pm

Markets

Aurangzeb highlights Panda, ESG bonds in key meetings at Washington: Finance Division

Finance minister meets delegations of Deutsche Bank, Moody’s

Updated 23 Apr, 2025 07:06pm

Stocks

European shares rise on SAP earnings, Trump’s Fed backflip

European shares climbed on Wednesday, boosted by strong earnings from Europe’s largest software maker SAP, while...

Published 23 Apr, 2025 01:05pm

Commodities

Soybeans hit 2-month high on hopes of easing US-China trade woes

SINGAPORE: Soybeans gained more ground on Wednesday, rising to a two-month high, underpinned by expectations of a...

Published 23 Apr, 2025 01:00pm

Commodities

London copper near 3-week high on hopes of US-China tensions easing

NEW DELHI: Copper prices in London hit a near three-week high on Wednesday following US President Donald Trump’s...

Published 23 Apr, 2025 12:55pm

Business & Finance

Mercedes CEO urges EU to find equitable solution to China-made EV tariff dispute

SHANGHAI: Mercedes-Benz CEO Ola Källenius said on Wednesday the German automaker was urging the European Union to...

Published 23 Apr, 2025 12:38pm

Forex

China’s yuan holds ground on trade optimism, regulator vows stability

HONG KONG: China’s yuan held steady against the US dollar on Wednesday, supported by regulatory pledges to maintain...

Published 23 Apr, 2025 12:15pm

Stocks

Hong Kong stocks near 3-week high on trade hopes, Trump’s Fed assurance

SHANGHAI: Hong Kong shares climbed to a near three-week peak on Wednesday, tracking global peers higher, amid...

Published 23 Apr, 2025 12:13pm

Business & Finance

Cathay Pacific expects lower US-China air cargo demand from tariffs impact

SEOUL: Cathay Pacific Airways , one of Asia’s largest air freight carriers, expects air cargo demand between...

Published 23 Apr, 2025 12:08pm

Stocks

Selling returns to PSX, KSE-100 Index closes over 1,200 points lower

Selling returned to the Pakistan Stock Exchange (PSX) as its benchmark KSE-100 Index lost over 1,200 points during...

Updated 23 Apr, 2025 06:30pm

Energy

Europe on track to smash solar power output record in 2025: Maguire

LITTLETON: Solar electricity production in Europe during the first quarter of 2025 was up by over 30% from the same...

Published 23 Apr, 2025 11:43am

Technology

China EV giant BYD reboots Europe operations after strategic stumbles, sources say

MILAN/SHANGHAI: China’s leading EV maker BYD is overhauling its European operations after strategic missteps...

Published 23 Apr, 2025 11:38am

Business & Finance

Sri Lanka to grow 3.5% in 2025 despite tariff headwinds, says World Bank

COLOMBO: Sri Lanka is on track to achieve growth of 3.5% this year, the World Bank said in its latest report on...

Published 23 Apr, 2025 11:32am

Mutual Funds

Vietnam raises $322 million in government bond auction

HANOI: Vietnam’s State Treasury raised 8.36 trillion dong ($322 million) in a government bond auction on Wednesday,...

Published 23 Apr, 2025 11:27am

Stocks

Australia shares hit 3-week peak as miners, banks surge

Miners and banks propelled Australian shares to a three-week high on Wednesday, as hopes of a US-China trade thaw...

Published 23 Apr, 2025 11:15am

Business & Finance

Truck maker Volvo profit falls more than expected, cuts North America market outlook

Swedish truck maker AB Volvo reported a bigger-than-expected fall in first-quarter operating profit on Wednesday and...

Published 23 Apr, 2025 11:13am

Mutual Funds

Indian bond yields dip ahead of RBI’s policy minutes release

MUMBAI: Indian government bond yields slipped on Wednesday, tracking a decline in US peers, as market sentiments...

Published 23 Apr, 2025 11:11am

Commodities

Palm slips on lower ringgit; stronger crude oil caps downside

JAKARTA: Malaysian palm oil futures opened lower on Wednesday, tracking weakness in the ringgit, while a stronger...

Published 23 Apr, 2025 11:10am

Bullion Rate

Gold falls as Trump backs down from threat to fire Fed chief

Gold prices fell on Wednesday as US President Donald Trump retracted his threats to dismiss Federal Reserve Chair...

Published 23 Apr, 2025 11:09am

Stocks

Japan’s Nikkei tracks Wall Street rebound, jumps to three-week high

TOKYO: Japan’s Nikkei share average climbed to a three-week high on Wednesday as a strong rebound in Wall Street...

Published 23 Apr, 2025 11:07am

Forex

Australia, NZ dollars gain as policy confusion dogs greenback

SYDNEY: The Australian and New Zealand dollars were on the rise again on Wednesday as the latest changes in White...

Published 23 Apr, 2025 10:57am

Business & Finance

IMF must be more active on debt restructurings, Georgieva says

WASHINGTON: The International Monetary Fund must be more active in debt restructuring processes, the global lender’s...

Published 23 Apr, 2025 10:54am

Currency

Rupee registers marginal decline against US dollar

Local currency settles at 280.97 against greenback

Updated 23 Apr, 2025 08:08pm

Stocks

Indian shares may open higher on hopes of easing US-China trade woes

India’s benchmark indexes are set to open higher on Wednesday, on hopes of easing trade tensions after U.S....

Published 23 Apr, 2025 08:16am

Forex

Indian rupee to dip as dollar rally stoked by Trump’s Fed comments, US-China optimism

MUMBAI: The Indian rupee is likely to open weaker on Wednesday, pressured by the dollar index rallying after U.S....

Published 23 Apr, 2025 08:14am

Technology

Musk, facing criticism and falling Tesla sales, to cut back DOGE work

Tesla CEO Elon Musk said on Tuesday he would cut back significantly the time he devotes to the Trump administration...

Published 23 Apr, 2025 08:10am

USA

Trump says he has no plans to fire Fed’s Powell; market jumps

WASHINGTON: President Donald Trump on Tuesday backed off from threats to fire Federal Reserve Chair Jerome Powell...

Published 23 Apr, 2025 08:05am

Business & Finance

Trump says US will set terms if China does not do a trade deal

WASHINGTON: President Donald Trump said on Tuesday that if China does not agree to a deal on trade, the U.S. will...

Published 23 Apr, 2025 08:00am

Commodities

Trump tariffs threaten to pile more pain on Thailand’s rice sector

NAKHON PATHOM: Thai farmer Daeng Donsingha was already worried for her family of nine when rice prices in the...

Published 23 Apr, 2025 07:56am

Technology

BMW to integrate DeepSeek AI in its new vehicles in China later this year

SHANGHAI: German automaker BMW plans to start integrating artificial intelligence from Chinese startup DeepSeek in...

Published 23 Apr, 2025 07:52am

Forex

Dollar surges then steadies as Trump backs down on Fed attacks

SINGAPORE: The U.S. dollar rose sharply and then steadied on Wednesday as President Donald Trump backed away from...

Published 23 Apr, 2025 07:49am

Business & Finance

Hyundai Steel’s $6 bln US investment draws investor ire, tests Seoul’s tariff strategy

SEOUL: In late March, as investors kept hammering Hyundai Steel shares after the South Korean steelmaker announced a...

Published 23 Apr, 2025 07:45am

Stocks

Stocks, dollar rebound in Asia as Trump steps back

SYDNEY: Stock markets were enjoying a much-needed relief rally in Asia on Wednesday after President Donald Trump...

Published 23 Apr, 2025 07:39am

Energy

Oil prices fall nearly 2%, sources say OPEC+ to consider accelerating oil output in June

HOUSTON: Oil prices fell almost 2% on Wednesday as sources said OPEC+ could accelerate its oil output increases next...

Updated 23 Apr, 2025 08:33pm

Business & Finance

‘Bank guarantee can be enforced if principal debtor defaults’

LAHORE: An appellate forum has held that a bank guarantee can be enforced if the principal debtor defaults. ...

Updated 23 Apr, 2025 07:14am

Money & Banking

Dollar close to multi-year lows vs euro, franc

NEW YORK: The dollar hovered around multi-year lows versus the euro and the Swiss franc on Tuesday as President...

Published 23 Apr, 2025 05:50am

Business & Finance

Dubai serves as gateway for German businesses eyeing Pakistan market

Despite growing global economic headwinds resulting from an escalation in the US-China trade war, German companies...

Updated 23 Apr, 2025 03:00pm

Industry

Kyrgyz envoy, Jam discuss trade, economic cooperation

ISLAMABAD: Ambassador of Kyrgyzstan to Pakistan, Avazbek Atakhanov, called on Federal Minister for Commerce Jam ...

Published 23 Apr, 2025 05:50am

Business & Finance

Mineral resources: CM Maryam seeks feasible plan for local, foreign investors

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has directed to prepare an easy and feasible plan for the local ...

Published 23 Apr, 2025 05:50am

Business & Finance

Revitalised Appellate Bench Registry: SECP enhances quasi-judicial operations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has enhanced its quasi-judicial operations...

Published 23 Apr, 2025 05:50am

Industry

KCCI says prolonged road obstructions paralysing supply line

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Jawed Bilwani, while expressing serious concern...

Updated 23 Apr, 2025 07:13am

Companies

BOP registers historic growth in operating profit in 1Q’25 of 353pc

LAHORE: In a meeting held on Tuesday, the Board of Directors of The Bank of Punjab (BOP) reviewed and approved the...

Published 23 Apr, 2025 05:50am

Companies

POL signs 15-year hydrogen supply deal with Archroma Pakistan Ltd

KARACHI: Pakistan Oxygen Limited (POL), a leading provider of industrial and medical gases in Pakistan, announced ...

Published 23 Apr, 2025 05:50am

Industry

ACCA partners with OICCI to foster sustainable business practices

KARACHI: The Association of Chartered Certified Accountants (ACCA) and the Overseas Investors Chamber of Commerce ...

Updated 23 Apr, 2025 07:13am

Companies

CCP approves Junaid Jamshed-U&I Garments merger

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed merger of Junaid Jamshed (Private)...

Published 23 Apr, 2025 05:50am

Industry

National highways: HCSTSI concerned over sit-ins, road blockages

HYDDERABAD: President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has...

Published 23 Apr, 2025 05:50am

Industry

KPTMA seeks action to address critical issues of industries

PESHAWAR: The Khyber Pakhtunkhwa Textile Mills Association (KPTMA) has urgently appealed to Chief Minister Sardar ...

Published 23 Apr, 2025 05:50am

Industry

Minister, CBC delegates discuss establishment of China Business Park

LAHORE: A delegation of Chinese Business Council met with Punjab Minister for Industries, Commerce, and Auqaf...

Published 23 Apr, 2025 05:50am

Business & Finance

PCDMA submits budget proposals to FBR

KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) has submitted budget proposals to the Federal...

Published 23 Apr, 2025 05:50am

Taxes

President endorses 92pc of FTO orders against FBR

ISLAMABAD: President Asif Ali Zardari has endorsed over 92 percent of the orders of the Federal Tax Ombudsman (FTO)...

Published 23 Apr, 2025 05:50am

Business & Finance

SECP, RCCI join forces to promote incorporation, expand corporate landscape

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in partnership with the Rawalpindi Chamber of...

Published 23 Apr, 2025 05:50am

Business & Finance

IMF slashes global growth outlook

WASHINGTON: The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...

Published 23 Apr, 2025 05:50am

Business & Finance

G-24 meeting: Aurangzeb highlights macroeconomic stability

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb participated in the G-24 Finance Ministers ...

Published 23 Apr, 2025 05:50am

Business & Finance

US tariffs have increased financial stability risks: IMF

WASHINGTON: Donald Trump’s stop-start tariff rollout has “significantly” increased global financial stability...

Published 23 Apr, 2025 05:50am

Money & Banking

Asia currencies subdued

BENGALURU: Currencies in emerging Asia were subdued on Tuesday, weighed down by President Donald Trump’s renewed...

Published 23 Apr, 2025 05:50am

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

Most Popular