News Archives for Business & Finance - 2025-04-30

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Business & Finance - 2025-04-30

Business & Finance

Govt cuts petrol, diesel prices by Rs2 per litre for next fortnight

The federal government has announced a reduction in petroleum prices for the next fortnight, lowering both petrol...

Published 30 Apr, 2025 11:46pm

Companies

TRG Pakistan posts Rs4 billion profit in 9MFY25

TRG Pakistan Limited on Wednesday posted a profit-after-tax (PAT) of Rs4 billion in the first nine months of the...

Updated 16 Jan, 2026 01:34pm

Bullion Rate

Record gold prices dampen demand during Indian festival

MUMBAI: Gold demand remained lower than normal on Wednesday during an Indian festival when buying gold is considered...

Published 30 Apr, 2025 10:09pm

Companies

India’s Jindal Steel posts surprise loss on weak steel prices, impairment charges

India’s Jindal Steel and Power, opens new tab reported a surprise loss in the fourth quarter on Wednesday, due to...

Published 30 Apr, 2025 10:06pm

Pakistan

Pakistan to introduce industrial policy focused on growth, exports: Haroon Akhtar

Special Assistant to Prime Minister, Haroon Akhtar Khan on Wednesday said the government would soon introduce an...

Published 30 Apr, 2025 09:27pm

Commodities

Wheat and corn down 1 cent to up 1 cent, soy down 9-10 cents

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

Published 30 Apr, 2025 07:50pm

Stocks

Most Gulf markets gain ahead of earnings, US data

Most stock markets in the Gulf ended higher on Wednesday ahead of more corporate earnings announcements, while...

Published 30 Apr, 2025 07:47pm

USA

Fed seen cutting policy rate by a full percentage point this year

Federal Reserve policymakers won’t take much signal from a decline in first-quarter U.S. GDP, but by June clearer...

Published 30 Apr, 2025 07:43pm

Technology

TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms

STOCKHOLM/HELSINKI: TikTok plans to invest 1 billion euros ($1.14 billion) to build its first data centre in Finland...

Published 30 Apr, 2025 07:39pm

Companies

Russia’s Gazprom returns to annual profit in 2024, earning $14.8bn

MOSCOW: Russian energy giant Gazprom swung to a full-year 2024 net profit of 1.2 trillion roubles ($14.76 billion)...

Published 30 Apr, 2025 07:35pm

Middle East

Saudi wealth fund PIF Expects to raise $1.25bn from 7-year sukuk

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, expects to raise $1.25 billion from sale of U.S....

Published 30 Apr, 2025 07:32pm

Companies

GE HealthCare cuts annual profit forecast on impact from Trump’s tariffs

GE HealthCare Technologies cut its full-year profit forecast on Wednesday as the medical device maker faces hits on...

Published 30 Apr, 2025 05:38pm

Middle East

Dubai airports CEO says tariff war makes tourism unpredictable

DUBAI: U.S. tariffs have increased volatility in international tourism, but visitor numbers to the Middle East have...

Published 30 Apr, 2025 05:35pm

Companies

India’s Adani Power fourth-quarter profit falls on lower tariffs, higher costs

Indian thermal power firm Adani Power reported a 5% fall in fourth-quarter profit on Wednesday, hurt by lower tariff...

Published 30 Apr, 2025 05:27pm

Energy

Indian Oil signs five-year LNG deal with Trafigura, chairman says

NEW DELHI: Indian Oil Corp has signed a five-year import deal with trader Trafigura to buy 2.5 million metric tons...

Published 30 Apr, 2025 05:25pm

Companies

Caterpillar’s profit drops on weak demand, warns of annual sales hit from tariff

Caterpillar on Wednesday posted a drop in first-quarter profit, hurt by weak demand for its construction equipment...

Published 30 Apr, 2025 05:09pm

Money & Banking

Santander Brasil’s net profit up in Q1 despite ‘challenging’ macro scenario

SAO PAULO: Lender Santander Brasil on Wednesday reported a 27.8% year-on-year rise in its first-quarter net profit,...

Published 30 Apr, 2025 05:02pm

Commodities

Chicago wheat rises after losses, improved US weather caps gains

SINGAPORE/PARIS: Chicago wheat futures rose for the first time in three sessions on Wednesday, with bargain-hunting...

Published 30 Apr, 2025 04:59pm

Commodities

Gold price per tola falls Rs3,400 in Pakistan

Gold prices in Pakistan declined on Wednesday, in line with their decrease in the international market. In the local...

Published 30 Apr, 2025 04:57pm

Asia

Thailand cuts rates again, could face recession as US tariffs loom

BANGKOK: Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on...

Published 30 Apr, 2025 04:54pm

Stocks

Indian benchmarks notch monthly gains on trade deal hopes, tensions with Pakistan weigh

Indian benchmarks closed flat on Wednesday but wrapped up a strong month, with both the Nifty 50 and Sensex logging...

Published 30 Apr, 2025 04:46pm

Companies

Askari Zabardast Current Account: Sab Kuch Tou Hai Is Mein!

In a rapidly evolving financial landscape, modern banking demands more than just basic functionality — it calls for...

Published 30 Apr, 2025 04:45pm

Stocks

Sri Lanka shares end four-session rally as financials drag

CSE All Share index settled down 0.42% at 15,799.94

Published 30 Apr, 2025 04:43pm

Commodities

Copper falls over 2%, heads for worst month since November

Copper prices fell over 2% on Wednesday, heading towards their worst month since November amid weak data from top...

Published 30 Apr, 2025 04:41pm

Commodities

Palm closes lowest in 7 months as higher production, stock levels weigh

KUALA LUMPUR: Malaysian palm oil futures extended losses for a third straight session on Wednesday as concerns over...

Published 30 Apr, 2025 04:38pm

Markets

Pakistan’s current account to remain positive for full fiscal year 2024-25, says Aurangzeb

Finance Minister Muhammad Aurangzeb has projected that Pakistan’s balance of current account will remain in surplus...

Updated 30 Apr, 2025 10:38pm

Business & Economy

Pakistan dollar bonds drop amid rising tensions with India

LONDON: Pakistan’s international bonds dropped more than 1 cent on Wednesday after Islamabad said it has “credible...

Published 30 Apr, 2025 03:15pm

Stocks

European shares edge higher as traders gauge mixed earnings, economic data

European shares edged higher on Wednesday as investors assessed mixed corporate earnings and key economic data,...

Published 30 Apr, 2025 03:14pm

Commodities

Palm opens lower on weaker rival oils, crude oil prices

KUALA LUMPUR: Malaysian palm oil futures fell for a third straight session on Wednesday, pressured by weaker rival...

Published 30 Apr, 2025 01:47pm

Stocks

Japan’s Nikkei rises on trade talk hopes; set for first monthly gain in four

HONG KONG: Japan’s Nikkei share average rose slightly on Wednesday as investors awaited developments in US-Japan...

Published 30 Apr, 2025 01:45pm

Commodities

Wheat firms after losses, improved US weather caps gains

SINGAPORE: Chicago wheat futures rose for the first time in three sessions on Wednesday, with bargain-hunting...

Published 30 Apr, 2025 01:28pm

Forex

China’s yuan inches lower, set for losing month, as tariff damage starts to emerge

SHANGHAI: China’s yuan inched lower against the dollar on Wednesday and looked set to post a loss for the month, as...

Published 30 Apr, 2025 12:48pm

Money & Banking

Monetary Policy Committee to meet on May 5: SBP

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, May 05, 2025 to decide...

Published 30 Apr, 2025 12:48pm

Asia

China creates list of US-made goods exempt from 125% tariffs, sources say

SHANGHAI: China has created a list of US-made products that would be exempted from its 125% tariffs and is quietly...

Published 30 Apr, 2025 12:45pm

Markets

‘Cartelisation’: CCP imposes Rs155 million fine on poultry hatcheries

The Competition Commission of Pakistan (CCP) has imposed a collective fine of Rs155 million on eight major poultry...

Published 30 Apr, 2025 12:33pm

Bullion Rate

Gold falls as easing trade tensions dampen appeal; US data in focus

Gold prices dropped on Wednesday, pressured by a firmer dollar and a de-escalation in trade tensions, while...

Published 30 Apr, 2025 12:30pm

Stocks

China, Hong Kong stocks little changed ahead of long holiday as trade war hits factories

SHANGHAI: China and Hong Kong stocks were flat on Wednesday, as many traders were reluctant to take fresh positions...

Published 30 Apr, 2025 12:27pm

Currency

Pakistan rupee posts marginal gain against US dollar

Local currency settles at 280.97 against greenback

Updated 30 Apr, 2025 09:35pm

Mutual Funds

Yields on shorter-dated JGBs slip on bets of BOJ not raising rates soon

TOKYO: Yields on Japan’s shorter-dated bonds inched down on Wednesday as investors bet the Bank of Japan will not...

Published 30 Apr, 2025 11:28am

South Asia

Sri Lanka says not proposed a specific tariff to the US

COLOMBO: Sri Lanka has not proposed a specific tariff to the US but is focused on maintaining a competitive...

Published 30 Apr, 2025 11:26am

Business & Finance

Kenya inflation rate rises to 4.1% in April

NAIROBI: Kenya’s inflation rate in April rose to 4.1% year-on-year, up from 3.6% a month before, the statistics...

Published 30 Apr, 2025 11:23am

Business & Finance

Mercedes reports profit drop in Q1 as tariffs bite

BERLIN: Mercedes-Benz on Wednesday reported lower profitability in its cars business in the first quarter and warned...

Published 30 Apr, 2025 11:15am

Business & Finance

China’s factory activity falls sharply as Trump tariffs bite

BEIJING: China’s factory activity contracted at the fastest pace in 16 months in April, a factory survey showed on...

Published 30 Apr, 2025 11:14am

Business & Finance

Thailand says Moody’s acted too soon in downgrading ratings outlook

BANGKOK: The decision by ratings agency Moody’s to downgrade Thailand’s outlook was premature as trade talks with...

Published 30 Apr, 2025 11:11am

Business & Finance

Volkswagen says trade tensions, EV costs to weigh on profits

STUTTGART: Volkswagen expects its operative profit, net cash flow and net liquidity to land at the bottom end of...

Published 30 Apr, 2025 11:08am

Business & Finance

Samsung Elec drops Q2 outlook due to trade uncertainties

SEOUL: Samsung Electronics on Wednesday dropped its business outlook for the current quarter and warned US tariff...

Published 30 Apr, 2025 11:00am

Forex

Australian dollar ticks up on CPI data, rate cut still in view

SYDNEY: The Australian dollar ticked higher on Wednesday after consumer price data proved a little firmer than...

Published 30 Apr, 2025 10:57am

Stocks

Banks propel Aussie shares to nearly 2-month high; local inflation data on tap

Australian shares extended gains on Wednesday, hitting a near two-month high, with financials at the helm of gains,...

Published 30 Apr, 2025 10:54am

Mutual Funds

Indian bond yields edge higher as traders book profits

MUMBAI: Indian government bond yields rose in early deals on Wednesday, with traders paring positions to book...

Published 30 Apr, 2025 10:53am

Forex

Indian rupee traders monitor border news flow, eye yuan strength

MUMBAI: The Indian rupee is expected to find support from the Chinese yuan at Wednesday’s open while market...

Published 30 Apr, 2025 10:52am

Commodities

Shanghai copper set to surge on dwindling stocks, traders say

SHANGHAI: Copper inventories on the Shanghai Futures Exchange (ShFE) are expected to decline again this week,...

Published 30 Apr, 2025 10:51am

Stocks

Pak-India tensions: KSE-100 Index closes over 3% lower amid strong selling pressure

Rise in tensions between Pakistan, India following Pahalgam attack has kept stock market under pressure since last week

Updated 30 Apr, 2025 10:38pm

Stocks

India’s equity benchmarks set to open flat amid escalating geopolitical tensions

India’s benchmark equity indexes are set to open flat on Wednesday as caution due to escalating geopolitical...

Published 30 Apr, 2025 08:00am

Stocks

Shares wobble, oil prices weak as tariffs fuel global growth concerns

SINGAPORE: Shares struggled for direction on Wednesday and oil prices slid as relief over a potential easing of...

Published 30 Apr, 2025 07:56am

Business & Finance

Trump set to soften auto tariffs after industry pushback

WASHINGTON: U.S. President Donald Trump on Tuesday will soften the blow of his auto tariffs through an executive...

Published 30 Apr, 2025 07:51am

Forex

Dollar steady but vulnerable as tariff worries take hold

SINGAPORE: The U.S. dollar was steady on Wednesday but poised for its weakest monthly performance since November...

Published 30 Apr, 2025 07:46am

Energy

Falling oil prices poised for biggest monthly decline since 2021

Brent crude futures were down $1.16, or 1.81%, at $63.09 a barrel

Updated 30 Apr, 2025 11:04pm

Industry

Joint IGC ends: Important protocols, MoUs inked with Kazakhstan

ISLAMABAD: The session of Pakistan-Kazakhstan Joint Intergovernmental Commission (IGC) on trade, economic,...

Published 30 Apr, 2025 07:01am

Money & Banking

Quarter ended Mar 31st: Allied Bank posts Rs17.315bn PBT

LAHORE: Allied Bank posted markup income of Rs. 71,647 million for the quarter ended March 31, 2025. This represents...

Published 30 Apr, 2025 06:59am

Energy

PSO demonstrates operational resilience amid market challenges in 9MFY25

KARACHI: The Pakistan State Oil (PSO) has posted a net profit of Rs 15.3 billion for the nine months ended March 31,...

Published 30 Apr, 2025 06:28am

Money & Banking

Q1FY25: BoK PAT surges 108pc YoY

PESHAWAR: The Bank of Khyber (BoK) reported an impressive performance for the first quarter of financial Year 2025...

Published 30 Apr, 2025 06:25am

Taxes

Probationary officers of IRS visit FBR

ISLAMABAD: The probationary officers of the Inland Revenue Service (IRS) from the 51st Specialized Training Program...

Published 30 Apr, 2025 06:24am

Industry

‘All segments should be united for economic revival’

FAISALABAD: All patriotic segments including bureaucracy and the business community must change their mindset for ...

Published 30 Apr, 2025 06:22am

Energy

OMCs and dealers: Body reviews matter of revision in margins

ISLAMABAD: The 8th meeting of the Standing Committee on Energy (Petroleum Division) of the National Assembly was ...

Published 30 Apr, 2025 06:21am

Companies

ROX to launch Nothing’s iconic devices in country

ISLAMABAD: ROX, Pakistan’s leading youth lifestyle brand from Jazz, has partnered with Nothing, the London-based...

Published 30 Apr, 2025 05:57am

Business & Finance

China waives tariffs on US ethane imports

SINGAPORE: China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two...

Published 30 Apr, 2025 05:57am

Business & Finance

IT exports grow 25pc in 9MFY25: minister

ISLAMABAD: Minister for Information Technology Shaza Fatima Khawaja, Tuesday, shared with foreign IT investors that...

Published 30 Apr, 2025 05:57am

Business & Finance

PM extends support for investments in value-added dairy sector

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday extended full support for investments aimed at enhancing the...

Published 30 Apr, 2025 05:57am

Business & Finance

Japan CAA commissioner meets CCP chairman: Digital market regulation, consumer protection discussed

ISLAMABAD: Consumer Affairs Agency (CAA) of Japan on Tuesday conveyed to the Competition Commission of Pakistan ...

Published 30 Apr, 2025 05:57am

Business & Finance

KOTRA hosts event to strengthen economic ties with Pakistan

KARACHI: The Korea Trade-Investment Promotion Agency (KOTRA) Karachi, in collaboration with the Embassy of the...

Updated 30 Apr, 2025 06:18am

Business & Finance

Non-corporate distributors: PCDA urges FBR to reconsider real-time invoicing mandate

KARACHI: The Pakistan Chemists & Druggists Association (PCDA) has appealed to the Federal Board of Revenue (FBR)...

Published 30 Apr, 2025 05:57am

Business & Finance

Senate Functional Committee meets: SBP, NBP present various plans to promote agri, aiding farmers

ISLAMABAD: Both the governor of the State Bank of Pakistan (SBP) and the president of the National Bank of Pakistan...

Published 30 Apr, 2025 05:57am

Business & Finance

World Bank approves $108m more aid for KP projects

ISLAMABAD: The World Bank has approved $108 million in additional financing for the Rural Accessibility Project ($78...

Published 30 Apr, 2025 05:57am

Money & Banking

Indian rupee hit by geopolitical jitters

MUMBAI: The Indian rupee swung sharply before ending lower on Tuesday as the possibility of rising tensions between...

Published 30 Apr, 2025 05:57am

Business & Finance

IMF EB to consider loan review on May 9

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on May 9 to consider...

Published 30 Apr, 2025 05:57am

Business & Finance

Oil prices fall 2pc to 2-week low

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC+ to boost output and...

Published 30 Apr, 2025 05:57am

Money & Banking

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) will remain closed on May 01, 2025 (Thursday) being public holiday on the...

Published 30 Apr, 2025 05:57am

Business & Finance

No regular member yet: Contract of Ogra Member (Finance) extended

ISLAMABAD: The Cabinet Division extended contract of Member Finance, Oil and Gas Regulatory Authority (Ogra) for one...

Published 30 Apr, 2025 05:57am

Industry

Trade community flays Indian decision to suspend IWT

KARACHI: Pakistan’s business community has strongly criticised India’s suspension of the Indus Waters Treaty...

Published 30 Apr, 2025 05:57am

Companies

SPL announces increased profit for 9 months ended FY25

KARACHI: Security Papers Limited (SPL) has reported a gross profit of Rs 1.599 billion for the nine months ended...

Published 30 Apr, 2025 05:57am

Industry

NTC working to protect domestic industry: Naeem Anwar

KARACHI: Chairman of the National Tariff Commission (NTC) Naeem Anwar stated that the NTC is working to protect the...

Published 30 Apr, 2025 05:57am

Money & Banking

Rouble strengthens versus US dollar

MOSCOW: The Russian rouble, supported by news of a three-day ceasefire in the war in Ukraine, strengthened against...

Published 30 Apr, 2025 05:57am

Money & Banking

Yuan hits highest level since April 2

HONG KONG: China’s yuan rose on Tuesday to its strongest level against the US dollar in nearly a month, recovering...

Published 30 Apr, 2025 05:57am

Money & Banking

Dollar recovers on prospect of tariff deals

NEW YORK: The US dollar drifted higher on Tuesday, lifted by the Trump administration’s plan to ease the impact of...

Published 30 Apr, 2025 05:57am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	278.57
USD PKR Interbank Buying / Jun 9	278.37
USD to Japanese Yen / Jun 10	160.36
USD to Swiss Franc / Jun 10	0.80
Pound Sterling to USD / Jun 10	1.34
Euro to USD / Jun 10	1.15
SOFR % / Jun 9	3.63

Stock	Volume
S&P 500 / Jun 9	7,386.65
Nasdaq / Jun 9	25,678.82
Dow Jones / Jun 9	50,872.11
India Sensex / Jun 10	74,322.20
Tokyo Nikkei / Jun 10	64,166.71
Hang Seng / Jun 10	24,292.95
FTSE 100 / Jun 10	10,250.38
Germany DAX 30 / Jun 10	24,501.24
France CAC40 / Jun 10	8,216.19

Item	Value
Gold 10 Grams PKR / Jun 9	389,534
Petrol/Litre / Jun 10	377.78
Crude Oil USD/Barrel / Jun 10	88.87
Gold Spot USD/Ounce / Jun 10	4,174.27
Diesel/Litre / Jun 10	380.78
Cotton US¢/pound / Jun 10	75.60

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 10 First Fidelity Leasing Modaraba(FFLM)	10.67 ▲ 1 (10.34%)
J.A.Textile / Jun 10 J.A. Textile Mills Limited(JATM)	26.25 ▲ 2.39 (10.02%)
Burshane LPG / Jun 10 Burshane LPG (Pakistan) Limited(BPL)	62.55 ▲ 5.69 (10.01%)
Inter.Steel Ltd / Jun 10 International Steels Limited(ISL)	85.65 ▲ 7.79 (10.01%)
Redco Textile / Jun 10 Redco Textiles Limited(REDCO)	31.55 ▲ 2.87 (10.01%)
Pak. P.V.C. / Jun 10 Pakistan PVC Limited(PPVC)	23.63 ▲ 2.15 (10.01%)
Cherat Packaging / Jun 10 Cherat Packaging Limited(CPPL)	92.09 ▲ 8.37 (10%)
IBL HealthCare / Jun 10 IBL HealthCare Limited(IBLHL)	54.25 ▲ 4.93 (10%)
Kohat Textile / Jun 10 Kohat Textile Mills Limited(KOHTM)	122.68 ▲ 11.15 (10%)
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	20.35 ▲ 1.85 (10%)

Stock	Price
Dadabhoy Cement / Jun 10 Dadabhoy Cement Industries Limited(DBCI)	7.35 ▼ -0.85 (-10.37%)
Idrees Tex. / Jun 10 Idrees Textile Mills Limited(IDRT)	57.68 ▼ -6.41 (-10%)
Tariq Corp.Pref. / Jun 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	10.94 ▼ -1.21 (-9.96%)
Shams Textile / Jun 10 Shams Textile Mills Limited(STML)	40.31 ▼ -3.14 (-7.23%)
Haseeb Waqas / Jun 10 Haseeb Waqas Sugar Mills Limited(HWQS)	17.85 ▼ -1.29 (-6.74%)
Sindh Abadgar / Jun 10 Sindh Abadgar's Sugar Mills Limited(SASML)	380.07 ▼ -25.94 (-6.39%)
First IBL Mod. / Jun 10 First IBL Modaraba(FIBLM)	11.50 ▼ -0.73 (-5.97%)
Quantum Data Tech. / Jun 10 Quantum Data Technologies Limited(QTECH)	32.20 ▼ -2.03 (-5.93%)
Security Investment Bank / Jun 10 Security Investment Bank Limited(SIBL)	7.20 ▼ -0.44 (-5.76%)
Grays Leasing / Jun 10 Grays Leasing Limited(GRYL)	21.70 ▼ -1.31 (-5.69%)

Stock	Volume
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	63,737,085 ▲ 0.09
TPL Corp Ltd / Jun 10 TPL Corp Limited(TPL)	40,626,361 ▲ 0.32
Telecard Limited / Jun 10 Telecard Limited(TELE)	40,238,477 ▲ 0.12
Loads Limited / Jun 10 Loads Limited(LOADS)	33,866,305 ▲ 0.68
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	30,153,254 ▲ 1.85
Amreli Steels / Jun 10 Amreli Steels Limited(ASTL)	27,013,807 ▲ 0.61
Agha Steel Ind. / Jun 10 Agha Steel Ind.Ltd(AGHA)	21,875,782 ▲ 0.29
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	21,604,281 ▼ -0.01
TPL REIT Fund I / Jun 10 TPL REIT Fund I(TPLRF1)	20,436,423 ▲ 0.01
Beco Steel Ltd / Jun 10 Beco Steel Limited(BECO)	18,815,133 ▼ -0.02

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