News Archives for Business & Finance - 2025-05-24

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Business & Finance - 2025-05-24

Business & Finance

Gold price per tola jumps Rs3,100 in Pakistan

Gold prices in Pakistan increased on Saturday in line with their increase in the international market. In the local...

Updated 26 May, 2025 05:56pm

Technology

X says working to resolve issues from yesterday’s data centre outage

Social media platform X, formerly Twitter, said it was working to resolve issues with various services that...

Published 24 May, 2025 04:26pm

Markets

Restrictive trade practices may attract Rs75 million fine, says CCP

The Competition Commission of Pakistan (CCP) on Saturday issued a cautionary notice to undertakings that enter into...

Published 24 May, 2025 03:43pm

Business & Economy

Pakistan budget 2025-26: Rs2.8 trillion defence budget proposed citing ‘war-like situation’ with India

With Pakistan scheduled to unveil its federal government budget for fiscal year 2025-26, Tola Associates, a tax...

Published 24 May, 2025 03:03pm

Markets

NAB recovers, disburses over Rs88bn during 1st quarter of 2025

The National Accountability Bureau (NAB) recovered and disbursed over Rs88 billion during the first quarter of 2025...

Published 24 May, 2025 02:29pm

Middle East

Saudi Aramco considers asset sales to free up funds, sources say

DUBAI/NEW YORK: Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with...

Published 24 May, 2025 01:23pm

Markets

PTC says textile sector can add $3–4bn in export earnings

The Pakistan Textile Council (PTC), a not-for-profit research and advocacy platform, says that the industry could...

Published 24 May, 2025 01:18pm

Business & Finance

Pakistan budget 2025-26: expenditure likely to fall by massive Rs2 trillion, says report

Pakistan government is anticipated to unveil a budget outlay of Rs16.9 trillion for the upcoming fiscal year...

Updated 24 May, 2025 10:26pm

USA

Trump greenlights Nippon Steel ‘partnership’ with US Steel

WASHINGTON: US President Donald Trump on Friday threw his support behind a new “partnership” between US Steel and...

Published 24 May, 2025 12:44pm

World

Trump expands Apple tariff threat to all smartphones

WASHINGTON: US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25...

Updated 24 May, 2025 10:25pm

Markets

IMF, govt to continue FY26 budget discussions ‘over the coming days’

Discussions also covered ongoing energy sector reforms, says IMF

Updated 24 May, 2025 10:26pm

World

Indonesia to launch economic stimulus to boost consumption

JAKARTA: Indonesia plans to announce economic stimulus measures on June 5 to boost economic activity and consumer...

Published 24 May, 2025 11:20am

Money & Banking

Turkish central bank raises two reserve requirement ratios

ISTANBUL: The Turkish Central Bank said on Saturday it was raising reserve requirement ratios for short-term...

Published 24 May, 2025 11:07am

Budget 2025-26

ACCA releases budget proposal for FY 2025–26

KARACHI: ACCA Pakistan has released its Budget Proposal for FY 2025–26, offering a strategic, reform-driven ...

Published 24 May, 2025 07:43am

Industry

Jam, Burkina Faso envoy discuss trade, economic ties

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan, and Ambassador-designate of Burkina Faso to Pakistan,...

Published 24 May, 2025 07:41am

Industry

Meeting of Cement & Clinker Export Task Force held

ISLAMABAD: In a significant move to enhance the competitiveness of Pakistan’s cement and clinker exports, the...

Published 24 May, 2025 07:39am

Companies

Strategic partnership with ‘Engro Corp’: Jazz secures all regulatory approvals

ISLAMABAD: Jazz has announced that it has secured all regulatory approvals for its strategic partnership with Engro...

Published 24 May, 2025 07:37am

Pakistan

Pharma bodies decry being ignored by SCQB

KARACHI: In violation of the Sindh Drug Rules, pharmaceutical manufacturers and distributors have expressed dismay...

Published 24 May, 2025 07:36am

Industry

Iran, Türkiye, Azerbaijan: FPCCI terms PM’s visit ‘positive, timely’ step

KARACHI: Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Amaan Paracha, has...

Published 24 May, 2025 07:35am

Industry

Appeals by PSMA, member mills: CAT remands case to CCP for fresh hearing

ISLAMABAD: The Competition Appellate Tribunal (CAT), while deciding the appeals filed by the Pakistan Sugar Mills...

Published 24 May, 2025 07:33am

Industry

Energy, minerals: Pakistan, Turkiye explore collaboration opportunities

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with Irfan Neziroglu, ambassador of...

Published 24 May, 2025 07:29am

Industry

Fair share of taxes: PHMA objects to FBR’s claim

KARACHI: The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Chairman Muhammad Babar Khan has...

Published 24 May, 2025 07:25am

Industry

Tobacco exports surpasses $100m

ISLAMABAD: Federal Minister for National Food Security and Research Rana Tanveer Hussain on Friday said that...

Published 24 May, 2025 07:21am

Industry

SAPM assures PVMA of prompt dues clearance

ISLAMABAD: Pakistan Vanaspati Manufacturers Association (PVMA) raised the challenges facing the ghee manufacturing...

Published 24 May, 2025 07:19am

Business & Finance

SBP launches drive for digitalisation of payments in cattle markets

KARACHI: The State Bank of Pakistan (SBP), in collaboration with 22 leading commercial banks, is launching a...

Published 24 May, 2025 07:17am

World

Local currencies: Taliban in talks with Russia, China for trade transactions

KABUL: The Taliban administration is in advanced talks with Russia for banks from both sanctions-hit economies to...