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

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Business & Finance - 2025-05-05

Markets

Conduct of FBR officers visiting private premises closely monitored by civil agencies: Finance Division

The conduct of the Federal Board of Revenue (FBR) officers who visit private sector industries is closely monitored...

Published 05 May, 2025 11:06pm

Commodities

Soybeans fall as traders await US-China trade talks

CHICAGO: Chicago soybean futures fell on Monday as traders awaited updates on possible U.S.-China trade talks amid...

Published 05 May, 2025 09:51pm

Energy

Commonwealth LNG signs 20-year supply deal with major Asian buyer

U.S. energy firm Commonwealth LNG said on Monday it signed a Sale and Purchase Agreement with a major Asian energy...

Published 05 May, 2025 09:45pm

Middle East

Saudi Arabia’s flynas plans to kick off IPO this month

RIYADH: Saudi Arabian budget airline flynas backed by billionaire Prince Alwaleed Bin Talal is planning to start a...

Published 05 May, 2025 09:41pm

Stocks

STOXX 600 posts longest winning streak in nearly four years; focus on Fed, tariff updates

European shares extended their winning streak on Monday, with investors focussing on developments from the trade war...

Published 05 May, 2025 09:36pm

Stocks

Wall St lower after Trump’s fresh tariffs at start of Fed-decision week

Wall Street’s main indexes fell on Monday after U.S. President Donald Trump rekindled worries about the fallout of a...

Published 05 May, 2025 08:40pm

Companies

Indian IT firm Coforge’s profit misses expectations on higher costs

India’s Coforge, opens new tab posted fourth-quarter profit below estimates, as the IT services company was hurt by...

Published 05 May, 2025 08:37pm

Money & Banking

Egypt’s net foreign assets jump in March after IMF review approval

CAIRO: Egypt’s net foreign assets jumped by $4.9 billion in March, central bank data showed, apparently boosted by...

Published 05 May, 2025 08:29pm

Stocks

TSX dips after new Trump tariffs; Fed decision in focus

Canada’s main stock index slipped on Monday, as U.S. President Donald Trump’s new tariffs sparked fresh investor...

Published 05 May, 2025 08:19pm

Energy

Brazil’s Petrobras lowers diesel prices for third time this year

SAO PAULO: Brazilian state-run oil company Petrobras will reduce the price of diesel sold to distributors by an...

Published 05 May, 2025 08:18pm

Markets

FY2024-25: achieving targeted primary surplus appears to be challenging, says SBP

Central bank urges reforms to put fiscal sector on more sustainable footing to achieve primary surplus, especially by expanding tax net and reforming SOEs

Published 05 May, 2025 08:17pm

Companies

Footwear brand Skechers to be taken private in $9 billion deal

Skechers said on Monday it had agreed to be taken private by investment firm 3G Capital in a $9.4 billion deal, at a...

Updated 05 May, 2025 07:29pm

Commodities

Wheat down 3-4 cents, corn down 2-4, soy down 2-8

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

Published 05 May, 2025 06:48pm

Commodities

Russian wheat prices down last week as new crop approaches the market

MOSCOW: Russian wheat export prices fell last week as the new crop approached the market, with no confirmation of...

Published 05 May, 2025 06:44pm

Stocks

Most Gulf markets ease on falling oil prices

Most stock markets in the Gulf ended lower on Monday, pressured by falling oil prices and investor caution ahead of...

Published 05 May, 2025 06:41pm

South Asia

ADB president calls for collective action to solve complex challenges

The uncertainties facing Asia and the Pacific are also an opportunity to build a more resilient and sustainable...

Published 05 May, 2025 06:38pm

Companies

Volvo Cars’ battery company Novo Energy to cut half of workforce

COPENHAGEN: Volvo Cars’ Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after evaluating...

Published 05 May, 2025 06:18pm

Stocks

Materials and utilities lift Sri Lankan shares higher

CSE All-Share index settled 0.41% higher at 15,916.69 points

Published 05 May, 2025 06:13pm

Middle East

Saudi Arabia reports deficit of $15.65 billion in Q1 2025, finance ministry says

Saudi Arabia reported a fiscal deficit of 58.701 billion riyals ($15.65 billion) in the first quarter of 2025, as...

Published 05 May, 2025 06:10pm

Energy

Sonatrach and Saudi Aramco cut May LPG prices by 1-11%

MOSCOW: Saudi Aramco and Algeria’s Sonatrach have cut May’s official selling prices for liquefied petroleum gas by...

Published 05 May, 2025 05:31pm

Energy

Saudi Arabia raises Arab Light June OSP for Asia

Saudi Arabia, the world’s top oil exporter, increased its prices for Asian buyers despite crude prices falling on...

Published 05 May, 2025 05:24pm

Stocks

US media stocks fall as Trump threatens 100% tariff on foreign-made films

American media stocks tumbled on Monday after President Donald Trump unveiled a 100% tariff on all movies produced...

Published 05 May, 2025 05:20pm

Forex

Russian rouble strengthens vs US dollar in thin holiday trade

MOSCOW: The Russian rouble strengthened against both the U.S. dollar and the Chinese yuan on Monday, despite falling...

Published 05 May, 2025 05:15pm

Forex

Sterling gains against dollar ahead of this week’s BoE meeting

Sterling rose against a weaker dollar on Monday, ahead of the Bank of England’s next policy decision due later this...

Published 05 May, 2025 05:04pm

Energy

Russia’s LNG exports down 4.6% y/y in January-April, data shows

MOSCOW: Russia’s exports of liquefied natural gas (LNG) in the first four months of the year declined by 4.6% from a...

Published 05 May, 2025 05:01pm

Financial

Money laundering risks remain high in Switzerland, financial regulator says

Money laundering and cyber risks remained high in Switzerland, the head of the country’s financial market regulator...

Published 05 May, 2025 04:51pm

Forex

Share of gold in India’s forex reserves doubles in four years, central bank report shows

MUMBAI: The share of gold held by India’s central bank in its foreign exchange reserves has doubled in the last four...

Published 05 May, 2025 04:46pm

Stocks

India’s equity benchmarks rise on trade optimism, lower oil prices

India’s equity benchmarks rose on Monday, aided by persistent foreign buying amid hopes of a U.S. trade deal, while...

Published 05 May, 2025 04:42pm

Commodities

Palm falls on firmer ringgit, weak crude, Chicago soyoil

JAKARTA: Malaysian palm oil futures extended losses on Monday, continuing their decline for the fifth straight...

Published 05 May, 2025 04:39pm

Financial

Gold price per tola gains massive Rs7,800 in Pakistan

Gold prices in Pakistan rose on Monday in line with their increase in the international market. In the local market,...

Updated 05 May, 2025 05:47pm

Markets

Sustained Pakistan-India tensions could derail Islamabad’s economic recovery, warns Moody’s

Says persistent tensions with India could impair Pakistan’s access to external financing

Updated 05 May, 2025 11:32pm

Forex

South African rand stable ahead of Eskom’s winter outlook briefing

JOHANNESBURG: The South African rand was steady in early trade on Monday, ahead of a briefing by state utility Eskom...

Published 05 May, 2025 01:00pm

Business & Finance

Turkiye annual inflation slides to 37.86% in April

ANKARA: Turkiye annual consumer price inflation dropped to 37.86% in April, official data showed on Monday, lower...

Published 05 May, 2025 12:56pm

Business & Finance

Volvo Cars sales fall 11% in April

STOCKHOLM: Volvo Cars sold 58,881 cars in April, down 11% from a year earlier, the Sweden-based company said on...

Published 05 May, 2025 12:54pm

Stocks

European shares edge lower as investors await tariff updates

European shares inched lower on Monday as investors awaited further details on the US-China trade negotiations,...

Published 05 May, 2025 12:53pm

Technology

Foxconn says April revenue rose 25.54% y/y, sees Q2 growth

TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler,...

Published 05 May, 2025 12:51pm

Commodities

Soybeans ease after rally, wheat rises for fourth session

SINGAPORE: Chicago soybean futures slid on Monday for the first time in three sessions, as traders awaited updates...

Published 05 May, 2025 12:24pm

Business & Finance

Saudi Arabia’s non-oil business sector growth eases in April, PMI shows

Saudi Arabia’s non-oil private sector activity expansion slowed in April as growth in new orders decelerated...

Published 05 May, 2025 12:04pm

Commodities

South Korea’s MFG bought 65,000 to 70,000 T corn in private deal, traders say

HAMBURG: South Korea’s Major Feedmill Group (MFG) purchased an estimated 65,000 to 70,000 metric tons of animal feed...

Published 05 May, 2025 12:00pm

Mutual Funds

Philippines awards $451mn T-bill offer

BTr fully awards 25 billion pesos

Published 05 May, 2025 11:58am

Business & Finance

Global economy already feeling drag from Trump tariffs

US President Donald Trump’s tariffs are increasingly clogging up the wheels of a world economy which for decades...

Published 05 May, 2025 11:55am

Markets

SBP reduces key interest rate by 100bps, takes it to 11%

This is the lowest policy rate since March 2022

Updated 05 May, 2025 07:04pm

Mutual Funds

Indian bond yields dip ahead of RBI’s mega bond purchase

MUMBAI: Indian government bond yields fell in early trading hours on Monday, as traders mopped up debt ahead of the...

Published 05 May, 2025 10:49am

Forex

Australian dollar perched at five-month top, outlook brightens

SYDNEY: The Aussie hit a five-month peak on Monday on the back of a soft US dollar, which has been constrained by a...

Published 05 May, 2025 10:46am

Stocks

Aussie shares fall after 7-session rally as banks tumble; Westpac misses profit estimates

Australian shares fell on Monday, after a seven-session rally, dragged down by a sell-off in banking stocks, with...

Published 05 May, 2025 10:43am

Commodities

Palm slips on firmer ringgit, weak crude, Chicago soyoil

JAKARTA: Malaysian palm oil futures fell on Monday, continuing their decline for the fifth straight session,...

Published 05 May, 2025 10:41am

Companies

Hascol Petroleum appoints Javed Ahmedjee as CEO

Hascol Petroleum Limited has appointed Javed Ahmedjee as its Chief Executive Officer (CEO), effective 05 May 2025....

Published 05 May, 2025 10:33am

Currency

Pakistan rupee declines further against US dollar

Local currency settles at 281.22 against greenback in inter-bank market

Updated 05 May, 2025 07:46pm

Stocks

KSE-100 Index recovers intra-day losses, ends the day flat

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed flat after recovering from over 1,000-point loss...

Updated 05 May, 2025 05:03pm

Bullion Rate

Gold gains on weaker dollar; traders brace for Fed rate decision

Gold prices firmed on Monday, helped by a weaker dollar, while investors awaited more clarity on trade policy...

Published 05 May, 2025 07:50am

Stocks

Indian benchmarks may open higher on easing trade woes, foreign inflows

Indian equity benchmarks are poised to open higher on Monday, supported by easing global trade tensions, robust U.S....

Published 05 May, 2025 07:47am

Business & Finance

Qantas soars as drop in oil prices signals lower jet fuel costs

Shares of Australia’s Qantas Airways rose more than 5% on Monday to an over one-month high after oil prices dropped...

Published 05 May, 2025 07:41am

South Asia

Adani reps meet Trump officials in push to end US bribery cases, Bloomberg News reports

Representatives for Indian billionaire Gautam Adani and his companies met officials from U.S. President Donald...

Published 05 May, 2025 07:34am

USA

Trump says he wants a fair trade deal with China

ABOARD AIR FORCE ONE: U.S. President Donald Trump on Sunday said the U.S. was meeting with many countries, including...

Published 05 May, 2025 07:29am

Industry

Implementation plan of SMEDA revamping approved

LAHORE: The 30th meeting of the Small and Medium Enterprises Development Authority (SMEDA) Board of Directors held...

Published 05 May, 2025 07:15am

Forex

Indian rupee to eye Fed meet, bond yields may decline on mega RBI bond buy

MUMBAI: The Indian rupee is likely to hold a slightly positive bias this week, and alongside government bonds, will...

Published 05 May, 2025 07:15am

Pakistan

Abbottabad: DG I&I IR Peshawar officers can’t recover ST liabilities: PHC

ISLAMABAD: Peshawar High Court (PHC) has declared that the Audit Officers of Directorate General of Intelligence and...

Published 05 May, 2025 07:15am

Commodities

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities remained high in the retail market. A weekly market survey conducted...

Published 05 May, 2025 07:12am

Forex

Dollar gets limited lift from jobs, trade questions linger

SYDNEY: The dollar was struggling to hold its ground on Monday even as concerns about a U.S. recession eased just a...

Published 05 May, 2025 07:12am

Energy

Oil prices drop as OPEC+ accelerates output hikes, surplus looms

LONDON: Oil prices fell more than 1% on Monday after OPEC+ decided over the weekend to further speed up oil output...

Updated 05 May, 2025 05:13pm

Business & Finance

What Pakistani-founded Dubizzle Group’s recent acquisitions mean for potential UAE IPO

Pakistani-founded, Dubai-based Dubizzle Group - an online marketplace giant whose well-known brands include the...

Updated 05 May, 2025 06:13pm

Pakistan

SCA concerned over prevailing water shortage

HYDERABAD: The Sindh Chamber of Agriculture (SCA) has expressed grave concern over the prevailing water shortage,...

Published 05 May, 2025 06:14am

Industry

‘Prosper Pakistan’ conference from 16th

KARACHI: A two-day economic conference titled “Prosper Pakistan,” is scheduled to be held on May 16–17, 2025,...

Updated 05 May, 2025 08:23am

Business & Finance

Businessman seeks ‘significant’ cut in interest rates

KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and...

Published 05 May, 2025 06:14am

Technology

Global crypto diplomacy: PCC positions Pakistan as rising force in just 50 days

ISLAMABAD: The Pakistan Crypto Council (PCC), in just 50 days since its launch on March 14, 2025, has achieved what...

Published 05 May, 2025 06:14am

Business & Finance

Businessmen demand reduction in policy rate

PESHAWAR: Members of the business community urged the governor State Bank of Pakistan to reduce interest rate to...

Published 05 May, 2025 06:14am

Cotton

Weekly Cotton Review: Prices surge amid improved trading volumes

KARACHI: Last week, the cotton market witnessed a significant surge in prices alongside improved trading volumes,...

Published 05 May, 2025 06:14am

Business & Finance

LCCI urges FBR to review SRO 578(I)/2025

LAHORE: Lahore Chamber of Commerce and Industry has urged the Federal Board of Revenue to review the recently issued...

Published 05 May, 2025 06:14am

Money & Banking

Annual Awards 2024 in Lahore: MCB Islamic Bank celebrates excellence

LAHORE: MCB Islamic Bank proudly hosted its Annual Awards 2024 in Lahore, celebrating outstanding achievements,...

Published 05 May, 2025 06:14am

Industry

Hayatabad Economic Zone: Need to address violations of environmental regulations

PESHAWAR: The KP Department of Industries has directed the concerned authorities to organise a joint meeting of...

Published 05 May, 2025 06:14am

Industry

UBG calls for cut in markup rate to stabilise economy

LAHORE: S M Tanveer, Patron-in-Chief of United Business Group (UBG), has called for a single-digit markup rate in ...

Published 05 May, 2025 06:14am

Business & Finance

Digital infrastructure landscape: Major telecom providers expand footprint

LAHORE: Pakistan’s cloud computing and data center industry is witnessing rapid evolution as major telecom...

Published 05 May, 2025 06:14am

Industry

HCSTSI says concerned at FBR’s ‘excessive’ powers

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

Published 05 May, 2025 06:14am

Companies

Buffett to step down as Berkshire CEO after 60 years

OMAHA (Nebraska): Warren Buffett is ending his career as perhaps the world’s most famous and revered investor,...

Updated 05 May, 2025 08:13am

Companies

Samsung fights $520m India tax demand, points to Reliance practice

NEW DELHI: Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying...

Published 05 May, 2025 06:14am

Business & Finance

Fed May pause cuts again and wait for clarity on tariffs

WASHINGTON: The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to...

Published 05 May, 2025 06:14am

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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