News Archives for Business & Finance - 2025-05-17

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Business & Finance - 2025-05-17

Business & Finance

IMF backs Pakistan’s economic recovery, says program implementation has contributed to improved financing

IMF Deputy Chief Clarke praises Pakistan's macroeconomic progress amid challenges

Updated 17 May, 2025 08:56pm

Commodities

Gold price per tola gains Rs2,400 in Pakistan

Gold prices in Pakistan continued to grow in line with their increase in the international market. In the local...

Published 17 May, 2025 01:40pm

Business & Economy

Trump praises ‘brilliant’ Pakistanis, says Islamabad ‘would love to trade with US’

We don’t do much trading with them, and yet I have a good relationship with them, US president says

Updated 17 May, 2025 04:54pm

Business & Finance

Vietnam steps up talks with US to reduce hefty tariff

HANOI: Vietnam and the United States held their first direct ministerial-level negotiations on Friday against the...

Published 17 May, 2025 11:16am

Companies

Nissan considering plant closures in Japan, overseas

TOKYO: Nissan is considering plans to shut two car assembly plants in Japan and overseas factories, including in...

Published 17 May, 2025 11:08am

Companies

Nvidia CEO says next chip after H20 for China won’t be from Hopper series

TAIPEI: Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its...

Published 17 May, 2025 11:02am

Commodities

Indonesia palm oil group GAPKI urges government to delay levy hike

JAKARTA: The Indonesia Palm Oil Association, GAPKI, on Friday urged the government to delay a planned hike in the...

Published 17 May, 2025 10:57am

Money & Banking

Rupiah, won lead Asian currency rally

BENGALURU: Asian currencies surged on Friday, with Indonesia’s rupiah and South Korea’s won leading the charge...

Published 17 May, 2025 07:05am

Money & Banking

Indian rupee close flat

MUMBAI: The Indian rupee closed nearly flat on Friday but notched its second consecutive weekly fall as a relief...

Published 17 May, 2025 07:05am

Money & Banking

US dollar climbs after data

NEW YORK: The dollar rose on Friday after the latest round of economic data showed a jump in import prices while...

Published 17 May, 2025 07:02am

Industry

Ahsan articulates govt’s long-term economic vision

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Prof Ahsan Iqbal, on Thursday,...

Published 17 May, 2025 07:01am

Companies

Mehdi joins Jazz as Group Head Corporate, Regulatory Affairs

ISLAMABAD: Zaheer Mehdi has joined Jazz as Group Head Corporate and Regulatory Affairs, effective June 16, 2025. In...

Published 17 May, 2025 06:48am

Companies

New paint warranty programme ‘Aitmaad Ka Naya Rung’ launched

LAHORE: Nearly three in every four Pakistani homeowners today prioritize quality and long-term performance while...

Published 17 May, 2025 06:45am

Industry

PVMA seeks govt’s help to recover dues against USC

KARACHI: Sheikh Umer Rehan, Chairman of Pakistan Vanaspati Manufacturers Association (PVMA), has urged Prime ...

Published 17 May, 2025 06:39am

Business & Finance

SECP urges companies to ramp up cybersecurity amid Indian cyber-attacks threat

ISLAMABAD: To avert Indian cyber attacks on financial institutions of Pakistan, the Securities and Exchange...

Updated 17 May, 2025 03:35pm

Business & Finance

Gems and jewellers: Incentive package for importers, exporters on the cards

ISLAMABAD: The government is planning to announce an incentive package for the importers and exporters of gems and...

Updated 17 May, 2025 07:47am

Business & Finance

NBFCs operation: SECP unveils business-specific checklists

ISLAMABAD: In a move to facilitate stakeholders and enhance regulatory clarity and operational convenience, the...

Published 17 May, 2025 06:05am

Business & Finance

Hybrid cotton seed: Govt’s decision to allow import welcomed

LAHORE: Stakeholders across the cotton industry — from seed providers and farmers to ginners and textile...

Published 17 May, 2025 06:05am

Commodities

PHDEC’s mango-bagging initiative boosts export opportunities

MULTAN: Pakistan Horticulture Development and Export Company (PHDEC) launched its Mango Bagging Pilot Project and...

Updated 17 May, 2025 07:12am

Companies

FlyDubai commences its operations at BKIAP

KARACHI: FlyDubai has commenced its operations at Bacha Khan International Airport, Peshawar (BKIAP). The inaugural...

Published 17 May, 2025 06:05am

Business & Finance

Electric vehicles technology: Ministry vows to provide facilities, incentives

ISLAMABAD: The Ministry of Industries and Production is committed to provide all the facilities, incentives and...

Published 17 May, 2025 06:05am

Business & Finance

FBR issues licensing procedure for aspiring freight forwarders

ISLAMABAD: The Federal Board of Revenue (FBR) has laid down strict procedure for persons intended to obtain licences...

Published 17 May, 2025 06:05am

Industry

Illicit tobacco trade thrives as TTS fails to help curb violations

KARACHI: Inefficiency of the Track and Trace System (TTS) in the tobacco sector is causing huge losses to the tune ...

Published 17 May, 2025 06:05am

Companies

ABHI partners with LuLu Financial Holdings

KARACHI: Pakistan's fintech ABHI, through its Middle East chapter, has partnered with LuLu Financial Holdings, a...

Published 17 May, 2025 06:05am

Industry

Tanveer urges business community to end internal conflicts

KARACHI: S.M. Tanveer, Patron-in-Chief of the ruling United Business Group (UBG), said that the time has come for...

Published 17 May, 2025 06:05am

Business & Finance

April C/A posts $12m surplus

KARACHI: Pakistan’s current account remained in surplus in April 2025, posting a modest $12 million surplus ...

Published 17 May, 2025 06:05am

Business & Finance

Jul-Apr FDI down 3pc to $1.784bn YoY

KARACHI: Foreign Direct Investment (FDI) in Pakistan declined by 3 percent during the first 10 months of the current...

Published 17 May, 2025 06:05am

Business & Finance

CDWP approves 5 uplift projects

ISLAMABAD: The Central Development Working Party (CDWP) approved five development projects at cost of Rs15.9 billion...

Published 17 May, 2025 06:05am

Business & Finance

Debt management, climate funding: Malaysia’s ‘green finance model’ being adopted: Aurangzeb

KARACHI: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, Friday said Pakistan is adopting the ...

Published 17 May, 2025 06:05am

Business & Finance

New tariff policy: customs duties capped at 15pc

ISLAMABAD: In a bold move aimed at revitalizing Pakistan’s struggling economy, Prime Minister Shehbaz Sharif on...

Published 17 May, 2025 06:05am

USA

Moody’s pushes U.S. out of elite ‘AAA’ club citing rising debt

Moody’s on Friday downgraded its credit rating of the United States by a notch to “Aa1” from “Aaa”, citing rising...

Published 17 May, 2025 02:24am

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Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / Jun 9 First Al-Noor Modaraba(FANM)	7.45 ▲ 0.92 (14.09%)
First Fid. Leasing / Jun 9 First Fidelity Leasing Modaraba(FFLM)	9.67 ▲ 1 (11.53%)
Gulistan Sp. / Jun 9 Gulistan Spinning Mills Limited(GUSM)	10.02 ▲ 1 (11.09%)
Chenab Ltd / Jun 9 Chenab Limited(CHBL)	10.25 ▲ 1 (10.81%)
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	11.31 ▲ 1.03 (10.02%)
S.G.Power / Jun 9 S.G. Power Limited(SGPL)	55.30 ▲ 5.03 (10.01%)
Burshane LPG / Jun 9 Burshane LPG (Pakistan) Limited(BPL)	56.86 ▲ 5.17 (10%)
Leather Up Ltd. / Jun 9 Leather Up Limited(LEUL)	38.73 ▲ 3.52 (10%)
LSE Financial Serv. / Jun 9 LSE Financial Services Limited(LSEFSL)	24.54 ▲ 2.23 (10%)
Sally Textile / Jun 9 Sally Textile Mills Limited(SLYT)	14.96 ▲ 1.36 (10%)

Stock	Price
East West Ins. / Jun 9 East West Insurance Company Limited(EWIC)	48.55 ▼ -3.75 (-7.17%)
Elahi Cotton / Jun 9 Elahi Cotton Mills Limited(ELCM)	185 ▼ -10.84 (-5.54%)
ZIL Limited / Jun 9 ZIL Limited(ZIL)	334.01 ▼ -15.95 (-4.56%)
OLP Modaraba / Jun 9 OLP Modaraba Limited(OLPM)	23.11 ▼ -0.89 (-3.71%)
Fateh Ind. / Jun 9 Fateh Industries Limited(FIL)	160 ▼ -5.96 (-3.59%)
Universal Ins. / Jun 9 The Universal Insurance Company Limited(UVIC)	25 ▼ -0.85 (-3.29%)
Reliance Weaving / Jun 9 Reliance Weaving Mills Limited(REWM)	175 ▼ -5.68 (-3.14%)
JS Investments / Jun 9 JS Investments Limited(JSIL)	41 ▼ -1.26 (-2.98%)
Shadab Textile / Jun 9 Shadab Textile Mills Limited(SHDT)	53.40 ▼ -1.61 (-2.93%)
Ruby Textile / Jun 9 Ruby Textile Mills Limited(RUBY)	17.97 ▼ -0.52 (-2.81%)

Stock	Volume
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	47,849,971 ▲ 1.03
TPL Corp Ltd / Jun 9 TPL Corp Limited(TPL)	26,060,930 ▲ 1.03
Pace (Pak) Ltd. / Jun 9 Pace (Pakistan) Limited(PACE)	15,223,478 ▲ 0.67
Oilboy Energy / Jun 9 Oilboy Energy Limited(OBOY)	9,312,679 ▲ 1.68
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	8,900,995 ▲ 0
F. Nat.Equities / Jun 9 First National Equities Limited(FNEL)	7,031,650 ▲ 0
D.S. Ind. Ltd. / Jun 9 D.S. Industries Limited(DSIL)	6,851,290 ▲ 0.49
Siddiqsons Tin / Jun 9 Siddiqsons Tin Plate Limited(STPL)	6,383,792 ▲ 0.62
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	4,712,376 ▲ 0.27
Maple Leaf Cement / Jun 9 Maple Leaf Cement Factory Limited(MLCF)	4,575,042 ▲ 0.75

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