News Archives for Business & Finance - 2025-05-28

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Business & Finance - 2025-05-28

Stocks

Wall St edges lower as markets await Nvidia earnings

Wall Street’s main indexes fell slightly on Wednesday, after a sharp rally in the previous session sparked by easing...

Published 28 May, 2025 09:03pm

Stocks

US stocks edge higher ahead of Nvidia results

NEW YORK: Wall Street stocks edged higher early Wednesday ahead of earnings from Nvidia that are expected to broadly...

Published 28 May, 2025 07:07pm

Energy

OPEC+ may discuss 2027 baselines and agree July hike this week, sources say

OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from...

Published 28 May, 2025 06:08pm

Companies

GameStop buys bitcoin worth $513 million in crypto push

GameStop has purchased bitcoin worth about $513 million, the company said on Wednesday as the ailing video game...

Published 28 May, 2025 06:04pm

Companies

Global Payments to sell payroll unit to fintech Acrisure for $1.1 billion

Global Payments said on Wednesday it would sell its payroll division, Heartland Payroll Solutions, to financial...

Published 28 May, 2025 05:48pm

Companies

Macy’s cuts annual profit forecast amid tariff uncertainty

Macy’s cut its annual profit forecast on Wednesday as the top U.S. department store operator navigates tariff-led...

Published 28 May, 2025 05:40pm

Forex

US banks tiptoe toward crypto, awaiting more green lights from regulators

Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger...

Published 28 May, 2025 05:37pm

USA

Minutes of Fed’s May meeting likely to show officials grappling with uncertainty

The U.S. Federal Reserve at its May 6-7 meeting undercut expectations that it would change its policy interest rate...

Published 28 May, 2025 05:30pm

Companies

Ford recalls nearly 1.1 million vehicles over rearview camera software issue

Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display...

Updated 28 May, 2025 05:46pm

Companies

Taptap Send introduces direct donations to charities in Pakistan from abroad

For overseas Pakistanis looking for a more seamless way to give back to their communities, Taptap Send has launched...

Published 28 May, 2025 05:11pm

Business & Finance

CCP fines Kingdom Valley (Pvt.) Limited Rs150mn for ‘misleading advertising’

In order to curb deceptive marketing practices, the Competition Commission of Pakistan (CCP) has imposed a penalty...

Updated 28 May, 2025 05:16pm

Business & Finance

India’s JK Lakshmi Cement posts quarterly profit drop on weaker prices

India’s JK Lakshmi Cement reported a lower fourth-quarter profit on Tuesday, as rising costs and softer prices...

Published 28 May, 2025 12:38pm

Business & Finance

British American Tobacco sells $1.5 billion stake in India’s ITC via block deal

British American Tobacco has sold a $1.5 billion stake in Indian consumer goods company ITC at 413 Indian rupees per...

Published 28 May, 2025 12:32pm

Forex

Indian rupee bogged down by month-end importer dollar bids, firmer greenback

MUMBAI: The Indian rupee declined on Wednesday in the face of month-end dollar demand from importers and a broad...

Published 28 May, 2025 12:10pm

Bullion Rate

Gold rises as investors buy on dip, eye US economic data for clues

Gold prices rose on Wednesday, as investors bought on the dip, although gains were capped by easing US-EU trade...

Published 28 May, 2025 11:36am

Business & Finance

China’s 2025 crude steel output to fall to 968 million tons, S&P Global Commodity Insights says

SINGAPORE: China’s crude steel output in 2025 is expected to fall to 968 million metric tons, down 37 million tons...

Published 28 May, 2025 11:30am

Energy

Saudi Arabia may drop July oil prices to Asia to 6-month lows after OPEC+ boosts supply

SINGAPORE: The world’s biggest oil exporter Saudi Arabia may cut its crude prices for Asian buyers in July to the...

Published 28 May, 2025 11:22am

Stocks

South Korean shares hit near 9-month high on Wall Street boost

The benchmark KOSPI was up 43.92 points, or 1.67%, at 2,681.14

Published 28 May, 2025 11:09am

Mutual Funds

India bonds seen steady as benchmark yield struggles to break below 6.20%

MUMBAI: Indian government bond yields are expected to move sideways in early deals on Wednesday, with traders...

Published 28 May, 2025 11:05am

Commodities

Copper steadies as tariff reprieve lifts risk appetite

Copper prices in London were stable on Wednesday, supported by improved risk appetite across financial markets...

Published 28 May, 2025 11:03am

Stocks

India’s equity benchmarks set for muted start; ITC in focus

India’s benchmark indexes are likely to open little changed on Wednesday, as positive global sentiment is expected...

Published 28 May, 2025 11:01am

Business & Finance

NZ central bank cuts rates 25 bps, flags slightly deeper easing cycle amid global risks

WELLINGTON: New Zealand’s central bank cut its benchmark rate by 25 basis points to 3.25% and flagged a slightly...

Published 28 May, 2025 10:40am

Commodities

Iron ore dips on tepid China demand, higher shipments

SINGAPORE: Iron ore futures prices dipped for a fourth consecutive session on Wednesday, pressured by subdued demand...

Published 28 May, 2025 10:38am

Mutual Funds

Demand at 40-year JGB auction lowest since November

TOKYO: Demand at an auction of 40-year Japanese government bonds on Wednesday fell to the lowest since November,...

Published 28 May, 2025 10:37am

Commodities

Wheat rebounds on lower-than-expected US crop ratings

CANBERRA: Chicago wheat futures rose on Wednesday after US crop condition ratings came in below market expectations,...

Published 28 May, 2025 10:36am

Business & Finance

Nissan plans $7 billion funding, backed partly by UK government, Bloomberg News says

TOKYO: Japanese automaker Nissan is considering raising more than 1 trillion yen ($7 billion) by issuing convertible...

Published 28 May, 2025 10:35am

Stocks

Asian shares, US dollar climb on rosy data, tech optimism

TOKYO: Asian shares continued a rally from Wall Street and the dollar held gains on Wednesday on promising economic...

Published 28 May, 2025 10:33am

Forex

Yen drifts ahead of Japan bond auction, dollar steady

SINGAPORE: The Japanese yen wobbled in volatile trading on Wednesday as ructions in the bond market kept the...

Published 28 May, 2025 10:29am

Energy

Oil prices inch up as US bans Chevron from exporting Venezuelan crude

BEIJING: Oil prices ticked up in early trading on Wednesday as the US barred Chevron from exporting crude from...

Published 28 May, 2025 10:26am

Stocks

Australian shares pare early gains after core inflation nudges up; RBNZ cuts rate

Australian shares pared some early gains on Wednesday after monthly inflation report showed that consumer prices...

Published 28 May, 2025 10:23am

Stocks

Nikkei rises as chips rally before Nvidia earnings; weaker yen supports

TOKYO: Japan’s Nikkei share average rose on Wednesday, setting the benchmark index on course for a fourth straight...

Published 28 May, 2025 10:19am

Taxes

Rs700m tax evasion: Crackdown on import fraud intensified

KARACHI: The Southern Region of Appraisement has intensified its crackdown on import fraud, with the Collectorate of...

Published 28 May, 2025 06:02am

Money & Banking

Dollar gains, yen slips

NEW YORK: The dollar strengthened on Tuesday as the yen came under pressure from a sharp fall in Japan’s ...

Published 28 May, 2025 06:02am

Money & Banking

Asian currencies retreat after bonds rally

BENGALURU: Asian currencies reversed course to trade lower on Tuesday as a rally in global bonds whipsawed markets...

Published 28 May, 2025 06:02am

Money & Banking

China’s yuan slips

SHANGHAI: China’s yuan slipped against the dollar on Tuesday, as the central bank set a slightly...

Published 28 May, 2025 06:02am

Industry

‘Skilled workers can pave way for industrial revolution’

FAISALABAD: Focused approach is required to produce skilled manpower fully capable of meeting the current and future...

Published 28 May, 2025 06:02am

Energy

SNGPL tells APTMA all gas-related issues will be resolved on a priority basis

LAHORE: Managing Director Sui Northern Gas Pipelines Ltd (SNGPL) Amer Tufail has assured All Pakistan Textile Mills...

Published 28 May, 2025 06:02am

Industry

Rs1.2bn allocation made to revive citrus industry

LAHORE: The Punjab government has allocated a huge sum of Rs1.2 billion for citrus revival initiative in the ...

Published 28 May, 2025 06:02am

Taxes

WHO asks FBR to reassess, boost tobacco tax policy

ISLAMABAD: The World Health Organization (WHO) has strongly recommended the Federal Board of Revenue (FBR) to...

Published 28 May, 2025 06:02am

Business & Finance

Two-day SECP session on mutual funds concludes

ISLAMABAD: The second and final day of the Securities and Exchange Commission of Pakistan’s (SECP) 2025 Mutual ...

Published 28 May, 2025 06:02am

Business & Finance

Aurangzeb seeks roadmap for transition to a digital economy

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a high-level meeting on...

Published 28 May, 2025 06:02am

Energy

Ogra launches e-licensing system for oil & gas sector

ISLAMABAD: In a major step towards digital transformation and regulatory efficiency, the Oil and Gas Regulatory...

Published 28 May, 2025 06:02am

Startup Recorder

FPCCI praises Sindh Innovative Startups Exhibition 2025

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that Syed Murad Ali Shah, CM Sindh, inaugurated the Sindh...

Published 28 May, 2025 06:02am

Industry

Pakistan’s ceramics industry: Ministry forms joint committee to address key challenges

ISLAMABAD: The Ministry of Industries and Production has announced the formation of a joint committee to address key...

Updated 28 May, 2025 10:38am

Industry

SAI submits comprehensive proposals for federal budget

ISLAMABAD: The SITE Association of Industry (SAI) has submitted comprehensive budget proposals for the Federal ...

Published 28 May, 2025 06:02am

Industry

Karachi handles 99pc of country’s cargo through roads: Call to shift road freight to railways

KARACHI: Divisional Superintendent Pakistan Railways Mehmood ur Rehman Lakho has said that Karachi handles 99 ...

Published 28 May, 2025 06:02am

Business & Finance

East-West Economic Corridor: Formal launch of landmark research report

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal has emphasised...

Published 28 May, 2025 06:02am

Industry

Pakistan’s Zaki Bashir joins Heimtextil advisory board

KARACHI: Heimtextil, the world’s leading trade fair for home and contract textiles, has announced the appointment...

Updated 28 May, 2025 10:37am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.61
USD PKR Interbank Buying / Jun 5	278.41
USD to Japanese Yen / Jun 8	160.04
USD to Swiss Franc / Jun 8	0.80
Pound Sterling to USD / Jun 8	1.33
Euro to USD / Jun 8	1.15
SOFR % / Jun 7	3.63

Stock	Volume
S&P 500 / Jun 5	7,383.74
Nasdaq / Jun 5	25,709.43
Dow Jones / Jun 5	50,866.78
India Sensex / Jun 8	73,524.26
Tokyo Nikkei / Jun 8	64,024.60
Hang Seng / Jun 8	24,657.06
FTSE 100 / Jun 8	10,325.11
Germany DAX 30 / Jun 8	24,522.58
France CAC40 / Jun 8	8,152.50

Item	Value
Gold 10 Grams PKR / Jun 5	401,012
Petrol/Litre / Jun 8	377.78
Crude Oil USD/Barrel / Jun 8	94.86
Gold Spot USD/Ounce / Jun 8	4,292.04
Diesel/Litre / Jun 8	380.78
Cotton US¢/pound / Jun 8	78.21

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 8 First Fidelity Leasing Modaraba(FFLM)	8.76 ▲ 1 (12.89%)
Gulistan Sp. / Jun 8 Gulistan Spinning Mills Limited(GUSM)	9.03 ▲ 1 (12.45%)
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	10.33 ▲ 1 (10.72%)
Pak. P.V.C. / Jun 8 Pakistan PVC Limited(PPVC)	19.53 ▲ 1.78 (10.03%)
Cresent Jute / Jun 8 Crescent Jute Products Limited(CJPL)	14.73 ▲ 1.34 (10.01%)
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	12.31 ▲ 1.12 (10.01%)
Oilboy Energy / Jun 8 Oilboy Energy Limited(OBOY)	16.82 ▲ 1.53 (10.01%)
Quantum Data Tech. / Jun 8 Quantum Data Technologies Limited(QTECH)	33.95 ▲ 3.09 (10.01%)
Nagina Cot. / Jun 8 Nagina Cotton Mills Limited(NAGC)	77.94 ▲ 7.09 (10.01%)
Shams Textile / Jun 8 Shams Textile Mills Limited(STML)	41.99 ▲ 3.82 (10.01%)

Stock	Price
Dawood Lawrencepur / Jun 8 Dawood Lawrencepur Limited(DLL)	60.49 ▼ -564.34 (-90.32%)
Azgard Nine (Non-Voti) / Jun 8 Azgard Nine (Non-Voti)(ANLNV)	7.42 ▼ -0.98 (-11.67%)
Ruby Textile / Jun 8 Ruby Textile Mills Limited(RUBY)	18.49 ▼ -2.05 (-9.98%)
Aisha Steel(ConPS) / Jun 8 Aisha Steel(ConPS)(ASLPS)	28.85 ▼ -3.15 (-9.84%)
Elahi Cotton / Jun 8 Elahi Cotton Mills Limited(ELCM)	176.66 ▼ -19.18 (-9.79%)
Javedan Corp.(Pref) / Jun 8 Javedan Corp.(Pref)(JVDCPS)	68.40 ▼ -7.27 (-9.61%)
Ideal Spinning / Jun 8 Ideal Spinning Mills Limited(IDSM)	77.65 ▼ -8.17 (-9.52%)
Power Cem(Pref) / Jun 8 Power Cement (Pref)(POWERPS)	25.57 ▼ -2.46 (-8.78%)
F.Credit & Inv / Jun 8 First Credit and Investment Bank Limited(FCIBL)	37 ▼ -3.49 (-8.62%)
Tri-Star Mutual / Jun 8 Tri-Star Mutual Fund Limited(TSMF)	17.48 ▼ -1.64 (-8.58%)

Stock	Volume
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	60,567,709 ▲ 1
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	42,410,725 ▲ 0.74
Pace (Pak) Ltd. / Jun 8 Pace (Pakistan) Limited(PACE)	26,156,618 ▼ -0.07
Waves Home Appliances / Jun 8 Waves Home Appliances Limited(WAVESAPP)	24,010,462 ▲ 0.06
Thatta Cement / Jun 8 Thatta Cement Company Limited(THCCL)	22,234,491 ▲ 3.04
Beco Steel Ltd / Jun 8 Beco Steel Limited(BECO)	20,895,260 ▼ -0.26
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	20,707,751 ▼ -0.01
Pak Qatar Family / Jun 8 Pak Qatar Family Takaful Limited(PAKQATAR)	20,529,844 ▲ 0.58
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	20,239,775 ▲ 1.12
Pak Qatar Gen.Takaful / Jun 8 Pak Qatar General Takaful Limited(PQGTL)	19,782,746 ▲ 1.67

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