News Archives for Business & Finance - 2025-05-07

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Business & Finance - 2025-05-07

USA

Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and...

Published 07 May, 2025 11:37pm

Commodities

Gold price per tola gains Rs800 in Pakistan

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

Published 07 May, 2025 08:11pm

Stocks

China’s defence stocks advance after Pakistan-India tensions: Bloomberg report

Shares of Chinese defense-manufacturing companies rallied on Wednesday, as the escalation in border tensions between...

Published 07 May, 2025 07:33pm

Technology

All airports across Pakistan remain fully operational, says Airports Authority

The Pakistan Airports Authority (PAA) on Wednesday said all airports across the country “remain fully operational”...

Published 07 May, 2025 06:04pm

Companies

Secure Logistics gets CCP approval to acquire Trax Online

The Competition Commission of Pakistan (CCP) on Wednesday approved the complete acquisition of Trax Online (Pvt.)...

Published 07 May, 2025 02:55pm

Stocks

European shares fall on profit booking; Fed policy meeting in focus

European shares fell on Wednesday on profit booking after a recent rally, while traders assessed corporate earnings...

Published 07 May, 2025 02:28pm

Business & Finance

Vodafone finance boss Luka Mucic to step down by early 2026

Mobile group Vodafone said on Wednesday finance chief Luka Mucic will be stepping down from his role by early next...

Published 07 May, 2025 01:25pm

Business & Economy

Aurangzeb reviews economic situation after Indian aggression

Finance Minister Muhammad Aurangzeb convened an emergency meeting on Wednesday to assess the current financial...

Published 07 May, 2025 01:21pm

Forex

South African rand flat with global focus on US rate decision

JOHANNESBURG: The South African rand was little changed in early trade on Wednesday, as global investors focused on...

Published 07 May, 2025 01:20pm

Industry

Jewellery sector: govt temporarily suspends SRO regulating precious metals and gems

The government has temporarily put on hold the implementation of SRO 760(I)/2013, which is the “Import and Export of...

Published 07 May, 2025 12:48pm

Business & Finance

BMW keeps 2025 outlook, but warns US tariffs will bite this quarter

FRANKFURT/LONDON: German premium carmaker BMW on Wednesday confirmed its 2025 outlook and said it expected some of...

Published 07 May, 2025 12:35pm

Forex

China’s yuan dips after rate cut announcement

HONG KONG: China’s yuan slipped against the US dollar on Wednesday after the central bank flagged interest rate cuts...

Published 07 May, 2025 11:49am

Stocks

China stocks jump at open on trade optimism, stimulus hopes

HONG KONG: Chinese markets opened higher on Wednesday, buoyed by investor optimism ahead of upcoming Sino-US trade...

Published 07 May, 2025 11:45am

Financial

Pakistan dollar bonds fall around 1 cent after India strikes over tourist killings

LONDON: Pakistan’s international bonds slipped around 1 cent after India attacked Pakistan and Azad Kashmir on...

Published 07 May, 2025 11:30am

Companies

Semeen Akhter resigns as CEO of Engro Powergen Qadirpur, BoD to appoint successor

Semeen Akhter is stepping down as the Chief Executive Officer (CEO) of Engro Powergen Qadirpur Limited (EPQL),...

Published 07 May, 2025 11:21am

Commodities

Palm slips, market awaits key MPOB data

JAKARTA: Malaysian palm oil futures fell on Wednesday, continuing their decline for the seventh straight session, as...

Published 07 May, 2025 10:57am

Commodities

Chicago soy, corn and wheat futures gain on China-US trade optimism

BEIJING: Chicago soybean and grain futures climbed on Wednesday, lifted by news of an upcoming meeting between the...

Published 07 May, 2025 10:55am

Companies

Pakistan steel exporter sets up subsidiary in Ireland to tap European markets

International Industries Limited (IIL), one of Pakistan’s largest manufacturers and exporters of steel and polymer...

Published 07 May, 2025 10:54am

Forex

Australian dollar hits new five-month top on US-China trade talks

SYDNEY: The Australian dollar hit a new five-month peak on Wednesday, buoyed by progress in US-China trade talks...

Published 07 May, 2025 10:52am

Stocks

Banks, miners lead Australia shares higher; NAB beats estimates

Australian shares rose on Wednesday, with banks and miners leading the charge, boosted by a surge in National...

Published 07 May, 2025 10:49am

Stocks

Japan’s Nikkei heavy as US tariff woes counter China optimism

TOKYO: Japan’s Nikkei share average ticked lower on Wednesday, threatening to end a seven-session winning streak, as...

Published 07 May, 2025 10:40am

Mutual Funds

Indian bond yields likely to rise after India strikes Pakistan

MUMBAI: Indian government bond yields are likely to swing up in early deals on Wednesday as investors will trade...

Published 07 May, 2025 10:33am

Forex

Indian rupee falls most in a month after Indian strikes in Pakistan raise tensions

MUMBAI: The Indian rupee weakened on Wednesday to log its worst single-day decline in a month as worries over an...

Updated 07 May, 2025 04:44pm

Currency

Rupee registers marginal decline against US dollar

Currency settles at 281.47 against greenback

Updated 07 May, 2025 08:42pm

Stocks

KSE-100 stages partial recovery, but still closes over 3,500 points lower

Heaviest fighting in more than two decades between Pakistan, India took a toll on stock market

Updated 07 May, 2025 08:38pm

Bullion Rate

Gold slips on US-China trade talk hopes; traders eye Fed policy

Gold prices retreated on Wednesday as optimism over potential U.S.-China trade talks weakened demand for safe-haven...

Published 07 May, 2025 08:13am

Forex

Dollar languishes ahead of Fed meeting, Asian currencies calmer

TOKYO: The dollar steadied on Wednesday before a Federal Reserve meeting to determine policy for an uncertain...

Published 07 May, 2025 08:00am

Business & Finance

China central bank eases policy ahead of US trade meeting

BEIJING: China’s central bank governor on Wednesday flagged interest rate cuts and a liquidity injection into the...

Published 07 May, 2025 07:44am

Stocks

Indian benchmarks set to open lower as tensions with Pakistan dent sentiment

India’s benchmark indexes are set to open lower on Wednesday amid geopolitical tensions, following Indian strikes on...

Published 07 May, 2025 07:40am

Energy

Oil steadies as market eyes US-China trade talks

NEW YORK: Oil prices steadied on Wednesday after bouncing back from a sharp sell-off earlier in the week as...

Updated 07 May, 2025 08:08pm

Industry

LCCI SVP presents budget proposals to Senate body

LAHORE: Senior Vice President of the Lahore Chamber of Commerce and Industry Engineer Khalid Usman has presented the...

Published 07 May, 2025 07:12am

Cotton & Textile

Kharif season: All set to meet cotton seed demand

ISLAMABAD: The country is set to meet its cotton seed demand for the upcoming Kharif season (2025-26), with over...

Published 07 May, 2025 07:12am

Companies

Bank Alfalah launches app ‘Worklee’

KARACHI: Bank Alfalah has launched the country’s first, human resources hiring and remote working app called...

Published 07 May, 2025 07:11am

Industry

Business community express mix reaction over policy rate cut

KARACHI: Business community has expressed mix reaction over monetary policy announced by state bank of Pakistan on...

Published 07 May, 2025 07:09am

Business & Finance

Penalty imposed by CCP: CAT reserves verdict in a case filed by ICAP

ISLAMABAD: The Competition Appellate Tribunal (CAT) has reserved its verdict in a case filed by the Institute of...

Published 07 May, 2025 07:08am

Industry

Financial management: CFOs are agents of transformation, says ICAP chief

KARACHI: The Professional Accountants in Business (PAIB) Committee of the Institute of Chartered Accountants of...

Published 07 May, 2025 07:04am

Taxes

EPBD asks govt to withdraw Tax Laws Ordinance

ISLAMABAD: Economic Policy and Business Development (EPBD) - a Think Tank has asked the government to immediately...

Published 07 May, 2025 07:02am

Business & Finance

Rate cut: KIBOR drops across all tenors

KARACHI: The Karachi Interbank Offered Rate (KIBOR) declined across all tenors on Tuesday, following a cut in the ...

Published 07 May, 2025 06:17am

Money & Banking

Most Asian currencies weaker

BENGALURU: Most Asian currencies weakened on Tuesday with Taiwan’s dollar retreating from three-year highs after...

Published 07 May, 2025 06:06am

Money & Banking

Dollar trades lower, euro gains

NEW YORK: The US dollar traded lower against major currencies including the yen on Tuesday amid market jitters over...

Published 07 May, 2025 06:06am

Business & Finance

TMA advocates critical budgetary reforms at Senate body moot

KARACHI: Towel Manufacturers Association of Pakistan (TMA) played an active role in the Standing Committee of the...

Updated 07 May, 2025 07:17am

Taxes

PTBA urges President to withdraw tax amendments ordinance

KARACHI: Pakistan Tax Bar Association (PTBA) has requested President Asif Ali Zardari to immediately withdraw the ...

Published 07 May, 2025 06:06am

Industry

4th ECO TPO forum meeting held

KARACHI: The 4th Economic Cooperation Organization, Trade Promotion Organization’s forum was held at Trade...

Published 07 May, 2025 06:06am

Business & Finance

PRAC raises concern over ‘insufficient’ policy rate cut

KARACHI: The Policy Research Advocacy Council (PRAC) has expressed concern over the SBP’s decision to cut the...

Published 07 May, 2025 06:06am

Business & Finance

US trade delegation calls on Dar

ISLAMABAD: A delegation of the US Pakistan Business Council (USPBC), US Chamber of Commerce, called on the Deputy...

Published 07 May, 2025 06:06am

Business & Finance

Carriers/transport operators: FBR to conduct 3rd-party audit of tracking services

ISLAMABAD: The Federal Board of Revenue (FBR) will conduct third party audit of tracking services provided by...

Published 07 May, 2025 06:06am

Taxes

FTO receives 7,919 anti-FBR complaints only in April

ISLAMABAD: Federal Tax Ombudsman (FTO) has received the highest number of complaints 7,919 against the Federal Board...

Published 07 May, 2025 06:06am

Business & Finance

ICCI rejects Tax Laws (Amendment) Ordinance 2025

ISLAMABAD: The business community of the federal capital has rejected Tax Laws (Amendment) Ordinance 2025 with the...

Published 07 May, 2025 06:06am

Industry

KCCI and RCCI unite to tackle economic challenges

KARACHI: In a powerful show of unity, two of Pakistan’s most influential business chambers, the Karachi Chamber of...

Published 07 May, 2025 06:06am

Industry

Mohmand Chamber opposes unlimited powers for taxmen

PESHAWAR: The President of the Mohmand Chamber of Commerce and Industry, Haji Amir Muhammad Khan Tuesday rejected ...

Published 07 May, 2025 06:06am

Industry

NKATI President rejects promulgated tax laws

KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI) has strongly...

Published 07 May, 2025 06:06am

Business & Finance

Rising protectionism could derail trade flows: PBC chief

KARACHI: Ehsan Malik, Chairman of the Pakistan Business Council (PBC), has cautioned against the global rise in...

Published 07 May, 2025 06:06am

Business & Finance

Key enhancements to EMR launched: SECP approves significant cut in access fees

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved a significant reduction in access...

Published 07 May, 2025 06:06am

Business & Finance

Sweeping tax reforms needed for sustainable economy: Mian Zahid

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

Published 07 May, 2025 06:06am

Business & Finance

Traders reject SRO 175, issue ultimatum

KARACHI: Expressing deep frustration and alarm over the Presidential Ordinance introducing SRO 175, trader...

Published 07 May, 2025 06:06am

Business & Finance

Global debt hits record of over $324trn: IIF

NEW YORK: Global debt rose by around $7.5 trillion in the first three months of the year to hit a record high of ...

Published 07 May, 2025 06:06am

Energy

Europe and China, ME tensions: Oil prices climb 4pc on signs of more demand

NEW YORK: Oil prices climbed about 4% on Tuesday on signs of higher demand in Europe and China, rising tensions in...

Published 07 May, 2025 06:06am

Companies

Free SIMs, roaming services: Zong 4G to facilitate over 91,000 pilgrims

KARACHI: Zong 4G is partnering with the Ministry of Religious Affairs (MoRA) for Hajj 2025 in a strategic initiative...

Published 07 May, 2025 06:06am

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
FTSE 100 / Jun 9	10,227.33
Dow Jones / Jun 9	50,872.11
Germany DAX 30 / Jun 9	24,433.06
France CAC40 / Jun 9	8,203.43
India Sensex / Jun 10	74,322.20
Tokyo Nikkei / Jun 10	64,166.71
Hang Seng / Jun 10	24,292.95

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%)
Burshane LPG / Jun 10 Burshane LPG (Pakistan) Limited(BPL)	62.55 ▲ 5.69 (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%)
Kohat Textile / Jun 10 Kohat Textile Mills Limited(KOHTM)	122.68 ▲ 11.15 (10%)
Leather Up Ltd. / Jun 10 Leather Up Limited(LEUL)	42.60 ▲ 3.87 (9.99%)
Ansari Sug. / Jun 10 Ansari Sugar Mills Limited(ANSM)	18.74 ▲ 1.7 (9.98%)
Asia Ins. / Jun 10 Asia Insurance Company Limited(ASIC)	37.19 ▲ 3.35 (9.9%)
IGI Life Ins / Jun 10 IGI Life Insurance Limited(IGIL)	21.75 ▲ 1.94 (9.79%)
Ahmad Hassan / Jun 10 Ahmad Hassan Textile Mills Limited(AHTM)	93.94 ▲ 8.32 (9.72%)

Stock	Price
Idrees Tex. / Jun 10 Idrees Textile Mills Limited(IDRT)	57.68 ▼ -6.41 (-10%)
PIA Holding Co.B / Jun 10 PIA Holding Company Limited B(PIAHCLB)	17,014 ▼ -1376 (-7.48%)
JS Global Cap. / Jun 10 JS Global Capital Limited(JSGCL)	157.01 ▼ -12.31 (-7.27%)
Pak Qatar Family / Jun 10 Pak Qatar Family Takaful Limited(PAKQATAR)	23.98 ▼ -1.74 (-6.77%)
Gulistan Sp. / Jun 10 Gulistan Spinning Mills Limited(GUSM)	8.60 ▼ -0.59 (-6.42%)
Khalid Siraj / Jun 10 Khalid Siraj Textile Mills Limited(KSTM)	11.65 ▼ -0.75 (-6.05%)
Pak Qatar Gen.Takaful / Jun 10 Pak Qatar General Takaful Limited(PQGTL)	16.38 ▼ -0.96 (-5.54%)
Aisha Steel (CPS) / Jun 10 Aisha Steel Mills Limited (CPS)(ASLCPS)	67 ▼ -3 (-4.29%)
Cresent Jute / Jun 10 Crescent Jute Products Limited(CJPL)	13.40 ▼ -0.46 (-3.32%)
Askari Life Assur. / Jun 10 Askari Life Assurance Company Limited(ALAC)	22.70 ▼ -0.66 (-2.83%)

Stock	Volume
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	23,252,312 ▼ -0.21
Telecard Limited / Jun 10 Telecard Limited(TELE)	22,000,213 ▲ 0.47
TPL Corp Ltd / Jun 10 TPL Corp Limited(TPL)	12,708,265 ▲ 0.13
TPL REIT Fund I / Jun 10 TPL REIT Fund I(TPLRF1)	10,359,779 ▲ 0.38
Loads Limited / Jun 10 Loads Limited(LOADS)	9,531,358 ▲ 0.66
Big Bird Foods / Jun 10 Big Bird Foods Limited(BBFL)	8,563,036 ▲ 1.83
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	7,660,817 ▼ -0.24
Maple Leaf Cement / Jun 10 Maple Leaf Cement Factory Limited(MLCF)	7,171,225 ▲ 0.86
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	7,120,690 ▼ -0.01
B.O.Punjab / Jun 10 The Bank of Punjab(BOP)	5,391,695 ▲ 0.52

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