News Archives for Business & Finance - 2025-05-01

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Business & Finance - 2025-05-01

Markets

GM cuts 2025 outlook, projects up to $5bn hit from tariffs

NEW YORK: General Motors on Thursday lowered its 2025 earnings outlook and said it expects a $4-5 billion hit from...

Published 01 May, 2025 05:21pm

Business & Finance

Zoho suspends $700 million chipmaking plan in latest setback for India, sources say

NEW DELHI: Indian software firm Zoho has suspended its year-long pursuit of a $700 million plan to foray into chip...

Published 01 May, 2025 04:50pm

Technology

Bangladesh approves Starlink, Pakistan still pending

The interim government of Bangladesh has granted SpaceX’s Starlink, which provides internet access to remote...

Published 01 May, 2025 04:16pm

Companies

Master Changan Motors honored with prestigious Global Awards

Master Changan Motors Limited (MCML), a joint venture partnership between the conglomerate Master Group of...

Published 01 May, 2025 04:08pm

Commodities

Japan rubber futures end flat as BOJ cuts growth forecast

TOKYO: Japanese rubber futures ended flat on Thursday as investors remained cautious amid fears over a slowing...

Published 01 May, 2025 03:39pm

Companies

Unilever to shut down REN skincare business

Unilever on Thursday said that it was taking steps to close its skincare business REN, citing internal challenges...

Published 01 May, 2025 03:36pm

Stocks

UK’s FTSE 100 flat as investors assess mixed earnings, global trade developments

Britain’s benchmark stock index was flat on Thursday as investors weighed a mixed bag of corporate earnings, a...

Published 01 May, 2025 03:30pm

Energy

Pakistan plans to save $17bn by removing high-cost energy projects under revised IGCEP

The government intends to save Rs4,743 billion (USD17 billion) by excluding 7,967MW of high-cost energy projects and...

Updated 01 May, 2025 08:42pm

Stocks

KSE-100 suffers heavy losses in April amid Pakistan-India tensions

Pakistan’s stock market suffered due to rising tensions with India as the benchmark KSE-100 shed over 6,480 points...

Published 01 May, 2025 02:23pm

Stocks

LSEG first-quarter income up 8.2%, reiterates 2025 outlook

The London Stock Exchange Group on Thursday said first-quarter income rose 8.2%, beating estimates, boosted by...

Published 01 May, 2025 02:13pm

Money & Banking

Britain’s Lloyds quarterly profit drops 7%, provisions $133 million for tariffs

Lloyds Banking Group reported a near 7% drop in first-quarter profit on Thursday, hurt by higher costs, and said it...

Published 01 May, 2025 02:12pm

Stocks

Tech, real estate stocks lead Australian shares higher

Australian shares ended slightly higher on Thursday, extending their winning streak to six sessions, on the back of...

Published 01 May, 2025 02:05pm

Stocks

Japan’s Nikkei climbs as BOJ signals longer road to rate hikes

TOKYO: Japan’s Nikkei share average rose on Thursday, extending early gains after the Bank of Japan slashed growth...

Published 01 May, 2025 02:03pm

Forex

Yen slides as tariffs keep BOJ on hold

SINGAPORE: A sliding yen helped the dollar higher on Thursday as the Bank of Japan lowered growth forecasts in light...

Published 01 May, 2025 01:56pm

Commodities

London copper gains; firm dollar, soft US growth data cap rise

NEW DELHI: London copper edged up on Thursday after U.S. President Donald Trump hinted at a potential trade deal...

Published 01 May, 2025 01:54pm

Energy

Oil steady after drop on US economic contraction, possible Saudi supply rise

NEW DELHI: Oil prices steadied on Thursday a day after a steep decline triggered by signs that Saudi Arabia, the...

Published 01 May, 2025 01:51pm

Companies

India’s JSW Steel faces challenges importing coking coal from Mongolia

NEW DELHI: JSW Steel, India’s largest steelmaker by capacity, has hit a roadblock in sourcing coking coal from...

Published 01 May, 2025 01:43pm

Commodities

US export demand pulls corn prices higher

CANBERRA: Chicago corn and wheat futures rose on Thursday after sharp declines earlier in the week, with corn...

Published 01 May, 2025 01:37pm

Companies

India’s Adani Ports beats quarterly profit view on higher cargo growth

India’s Adani Ports and Special Economic Zone reported fourth-quarter profit above estimates on Thursday, as growth...

Published 01 May, 2025 01:35pm

Companies

Rio Tinto says 19.35% of shareholders voted for dual-listing review

MELBOURNE/LONDON: Rio Tinto said on Thursday that 19.35% of its shareholders had voted for a review of the company’s...

Published 01 May, 2025 01:30pm

Asia

Thailand to seek tariffs similar to trade competitors, minister says

BANGKOK: Thailand’s economy is expected to encounter temporary “air pockets” due to the impact of tariffs, the...

Published 01 May, 2025 12:08pm

Markets

JGB yields slide after BOJ cuts economic growth forecasts

TOKYO: Japan’s government bonds (JGBs) rose on Thursday, driving yields lower, after the nation’s central bank said...

Published 01 May, 2025 12:05pm

Commodities

Gold slips to two-week low as trade tensions ease; US payrolls data on tap

Gold eased on Thursday to hit its lowest level in two weeks as the dollar’s strength and easing trade tensions...

Published 01 May, 2025 12:02pm

Money & Banking

BOJ keeps rates steady, cuts growth forecasts on US tariffs hit

TOKYO: The Bank of Japan kept interest rates steady and sharply cut its growth forecasts on Thursday, suggesting...

Published 01 May, 2025 11:59am

Companies

Sumitomo Corp eyes record profit, creates loss buffer against US tariffs

TOKYO: Japanese trading house Sumitomo Corp on Thursday forecast a record net profit of 570 billion yen ($4 billion)...

Published 01 May, 2025 11:45am

Business & Finance

US has reached out to China to talk tariffs, state media says

BEIJING: The Trump administration has approached China seeking talks on U.S. President Donald Trump’s singling...

Published 01 May, 2025 11:29am

Business & Finance

US tariffs would take percentage point off Dutch economic growth, CPB says

AMSTERDAM: The sweeping trade tariffs announced by U.S. President Donald Trump would reduce economic growth in the...

Published 01 May, 2025 11:24am

Companies

Kia cuts Sportage prices by up to Rs1.85mn in Pakistan

Kia on Thursday slashed the prices of its compact SUV – Sportage L lineup – by up to Rs1,851,000 in Pakistan. In a...

Published 01 May, 2025 09:44am

Industry

Dry port will be outsourced to Chamber: Railways, ICCI sign agreement

ISLAMABAD: Pakistan Railways (PR) and Islamabad Chamber of Commerce and Industry (ICCI) have signed an agreement,...

Published 01 May, 2025 06:23am

Pakistan

Grand finale of 2nd Life Pakistan 2.0 held

KARACHI: Some six standout teams were awarded cash prizes totaling Rs 2.625 million to further develop and scale...

Published 01 May, 2025 06:19am

Business & Finance

Case regarding violations of Rule 150ZEO: Sealing of outlet will harm business entity and economy: ATIR bench

ISLAMABAD: A division bench of the Appellate Tribunal Inland Revenue (ATIR), Islamabad bench, in a landmark ...

Published 01 May, 2025 06:19am

Money & Banking

Asian currencies: Taiwan dollar leads monthly rally

BENGALURU: Thailand’s currency was steady and its stocks extended gains after the central bank cut rates as...

Published 01 May, 2025 06:17am

Money & Banking

Dollar gains after GDP contraction

NEW YORK: The US dollar rallied against major currencies on a data-packed Wednesday after a report showed the...

Published 01 May, 2025 06:16am

Companies

ABHI, Matco Foods to empower employees with instant salary access

KARACHI: ABHI has entered into a strategic partnership with Matco Foods Limited to offer the Earned Wage Access ...

Published 01 May, 2025 06:13am

Energy

Chashma Nuclear Power Plant Unit-1 makes continuous operation record

ISLAMABAD: Chashma Nuclear Power Plant Unit-1 (C-1) has achieved the milestone of continuous operation for 400 days...

Published 01 May, 2025 06:03am

Industry

Apparel sector: PRGMEA, BGMEA sign MoU to drive export growth

KARACHI: In a significant step towards strengthening trade and investment ties between Pakistan and Bangladesh, the...

Published 01 May, 2025 06:03am

Industry

Economic revival: Bureaucracy, traders must change their mindset: FCCI

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

Published 01 May, 2025 06:03am

Companies

KE’s ‘Farq Parta Hai’ campaign wins Grand Prix

KARACHI: K-Electric (KE) has been awarded top honours at the Effie Awards Pakistan 2025, securing the prestigious...

Published 01 May, 2025 06:03am

Companies

Bond Advertising wins at Effie Awards 2025 for PSI

KARACHI: Bond Advertising has been honored with an Award in the Non-Profit / Social Good category at the prestigious...

Published 01 May, 2025 06:03am

Companies

Mobilink Bank and Daraz Pakistan partner to empower MSMEs

ISLAMABAD: Pakistan’s leading digital microfinance bank, Mobilink Bank, has announced a strategic partnership with...

Published 01 May, 2025 06:03am

Business & Finance

‘SECP committed to building transparent capital market’

ISLAMABAD: Chairman Securities and Exchange Commission of Pakistan (SECP) Akif Saeed Wednesday reaffirmed the...

Published 01 May, 2025 06:03am

Business & Finance

ST returns: PCDMA urges FBR to extend deadline to May 31

KARACHI: The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has requested the Federal Board of Revenue...

Published 01 May, 2025 06:03am

Business & Finance

Solar energy and housing projects: Panel assails Sindh govt for ‘mismanagement’

ISLAMABAD: A parliamentary panel, Wednesday, slamming Sindh government for mismanagement in solar energy and housing...

Published 01 May, 2025 06:03am

Companies

EBM wins three Golds and one Bronze at Effie Awards 2025

KARACHI: English Biscuit Manufacturers (EBM) has showcased its marketing mastery by clinching three Golds and a...

Published 01 May, 2025 06:03am

Companies

Zarea Limited unveils record growth, expansion plans

LAHORE: Zarea Limited, Pakistan’s fastest-growing B2B commodities marketplace, announced outstanding financial...

Published 01 May, 2025 06:03am

Companies

Wafi Energy reports Rs873m PAT for Q1 2025

KARACHI: Wafi Energy Pakistan Limited (formerly Shell Pakistan Limited) has reported a profit after tax of PKR 873...

Published 01 May, 2025 06:03am

Business & Finance

LPG price reduced by Rs3.2 per kg for May

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Wednesday notified reduction in the maximum price for LPG...

Published 01 May, 2025 06:03am

Business & Finance

Investor confidence: Minister praises SIFC for being key driver

ISLAMABAD: Federal Minister for Information Technology Shaza Fatima Khawaja on Wednesday praised the Special...

Updated 01 May, 2025 07:19am

Industry

SME sector: SAPM extends support to enhance employments

LAHORE: Haroon Akhtar, Special Assistant to the Prime Minister on Industries and Production, Saif Anjum, Federal...

Published 01 May, 2025 06:03am

Taxes

Erstwhile tribal areas: Senate panel endorses proposal for not extending sales tax exemption

ISLAMABAD: The Senate Standing Committee on Finance and Revenue, Wednesday, endorsed a proposal of the business...

Published 01 May, 2025 06:03am

Industry

Korangi industrial area: Sindh committed to improve infrastructure: minister

KARACHI: Sindh Minister for Industries and Commerce Jam Ikramullah Dharejo has said that Sindh Government is...

Published 01 May, 2025 06:03am

Business & Finance

Monetary policy on 5th

KARACHI: The Monetary Policy Committee (MPC) of SBP will meet on May 05, 2025 to decide about the Monetary Policy....

Published 01 May, 2025 06:03am

Energy

Petrol, HSD prices slashed

ISLAMABAD: Federal government has decided on Wednesday to reduce the ex-depot rates of petrol and high speed diesel...

Published 01 May, 2025 06:03am

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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