News Archives for Business & Finance - 2025-05-29

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Business & Finance - 2025-05-29

Business & Economy

Pakistan inflation in May seen at 1.5%-2%

Pakistan’s Finance Ministry expects inflation to ease to between 1.5% and 2% year-on-year in May, before picking up...

Updated 29 May, 2025 10:33pm

Money & Banking

US Fed could cut rates if tariffs reduced: official

WASHINGTON: The US Federal Reserve could be in a position to cut rates if President Donald Trump’s tariffs are...

Published 29 May, 2025 09:39pm

Business & Economy

‘Pakistan salaried class paid 5 times more taxes than exporters, retailers in outgoing FY25’

Pakistan salaried people’s contribution to the tax net was projected to be five times higher than that of the...

Updated 29 May, 2025 11:28pm

Forex

SBP-held foreign exchange reserves increase $70mn to $11.52bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $70 million on a weekly basis,...

Published 29 May, 2025 08:22pm

Companies

Shahid Nazir appointed as managing director of NGC Pakistan

The Board of Directors of the National Grid Company (NGC) of Pakistan Limited (formerly NTDC), in its 297th meeting,...

Published 29 May, 2025 08:21pm

Markets

Budget 2025-26 to be announced on June 10, finance minister’s adviser reaffirms

Pakistan finance minister’s adviser reaffirmed on Thursday that the government would present the federal budget for...

Updated 29 May, 2025 07:20pm

Commodities

Gold prices remain stable in Pakistan

Gold prices remained stable in Pakistan in line with no change in the international market. In the local market,...

Published 29 May, 2025 06:19pm

Business & Finance

Attock Cement’s Lebanese owner says investors showing interest in stake

Pharaon Investment Group Limited (Holding) S.A.L, Lebanon, the parent company of Attock Cement Pakistan Limited...

Updated 29 May, 2025 04:06pm

Companies

Dost Steels secures Rs2.08bn investment

Dost Steels, in a move to stabilise its financial position, has entered into a restructuring agreement with a...

Published 29 May, 2025 02:53pm

Business & Finance

Pakistan, ADB eye carbon markets as next frontier for green growth

Authorities in Islamabad and the Asian Development Bank (ADB) have agreed to chart a collaborative strategy on...

Published 29 May, 2025 01:42pm

Business & Finance

ILO lowers job creation forecast for 2025

The International Labour Organization (ILO) has lowered its global employment forecast for 2025, projecting the...

Published 29 May, 2025 01:02pm

Technology

Big BYD dealer in eastern China goes out of business, local media reports

SHANGHAI: A large dealer of Chinese electric vehicle maker BYD’s, cars in the eastern province of Shandong has gone...

Published 29 May, 2025 12:57pm

Bullion Rate

Gold hits over one-week low as US tariff ruling dents safe-haven appeal

Gold prices slipped on Thursday to their lowest levels in more than a week after a US federal court blocked...

Published 29 May, 2025 12:53pm

Stocks

European shares rise as US court ruling on Trump tariffs boosts sentiment

European shares climbed on Thursday as a U.S. trade court’s decision to block President Donald Trump’s proposed...

Published 29 May, 2025 12:49pm

Companies

PECO factory sealed over non-payment of Rs1.9mn property tax

The Excise and Taxation Department of the Punjab government has sealed the factory premises of Pakistan Engineering...

Published 29 May, 2025 11:46am

Business & Finance

Markets ask how soon Nippon Steel will benefit from $15 billion bid for U.S. Steel

TOKYO: Nippon Steel investors and analysts are asking if its $15-billion deal to buy U.S. Steel, backed but not yet...

Published 29 May, 2025 11:05am

Stocks

KSE-100 settles near 119,000 level

Positive momentum persisted at the Pakistan Stock Exchange (PSX), following a worldwide bull run sparked after a US...

Updated 29 May, 2025 10:22pm

Companies

Driving Pakistan’s export future: LMC initiates export to Africa

In a major milestone for Pakistan’s automotive sector, Lucky Motor Corporation (LMC) has commenced its exports with...

Published 29 May, 2025 11:00am

Currency

Rupee strengthens against US dollar

Currency settles at 282.07 against US dollar

Updated 29 May, 2025 09:43pm

Business & Finance

South Korea central bank cuts rate, slashes 2025 growth forecast

SEOUL: South Korea’s central bank cut interest rates Thursday in a bid to cushion the export-dependent economy from...

Published 29 May, 2025 10:35am

Technology

From crisis to crypto: Pakistan launches strategic Bitcoin reserve

Bilal also announced establishment of national Bitcoin wallet

Updated 29 May, 2025 10:23pm

Companies

Pakistan’s Feroze1888 Mills to establish subsidiary in Dubai

Feroze1888 Mills Limited (FML), a leading Pakistani textile exporter, approved on Thursday the formation of a...

Published 29 May, 2025 10:18am

Money & Banking

Bank Alfalah approves sale of Bangladesh operations to Bank Asia

The Board of Directors of Bank Alfalah Limited (BAFL), one of the largest commercial banks in Pakistan, has approved...

Updated 29 May, 2025 04:52pm

Forex

US court ruling on tariffs lifts dollar, dragging Indian rupee lower

MUMBAI: The Indian rupee is set to open weaker on Thursday, weighed by the dollar’s strength after a U.S. court...

Published 29 May, 2025 08:11am

Stocks

India’s equity benchmarks eye positive open after US court blocks Trump tariffs

India’s benchmark indexes are poised for a positive open on Thursday, tracking gains in broader Asian peers and Wall...

Published 29 May, 2025 07:53am

Business & Finance

RBI to cut rates by 25 bps on June 6, then once more in August

BENGALURU: The Reserve Bank of India will cut interest rates on June 6 for a third consecutive meeting and once more...

Published 29 May, 2025 07:44am

Forex

Dollar rallies after US court blocks Trump’s tariffs

SINGAPORE: The U.S. dollar rallied sharply on Thursday after a court blocked President Donald Trump from imposing...

Published 29 May, 2025 07:30am

Energy

Oil prices advance as US court blocks Trump tariffs

LONDON: Oil prices rose on Thursday after a U.S. court blocked most of President Donald Trump’s tariffs, while the...

Updated 29 May, 2025 05:39pm

Stocks

Stocks, dollar rally as Trump tariffs hit court hurdle

SYDNEY: Asian shares and Wall Street futures jumped in Asia on Thursday after a U.S. federal court blocked President...

Published 29 May, 2025 07:25am

Companies

PTCL Group partners with NETS International

KARACHI: Pakistan Telecommunication Company Limited (PTCL) Group, consisting of PTCL and Ufone 4G, has joined forces...

Published 29 May, 2025 06:50am

Companies

Misleading advertisements: CCP imposes Rs150m penalty on housing society

ISLAMABAD: In a significant move to curb deceptive marketing practices, the Competition Commission of Pakistan (CCP)...

Published 29 May, 2025 05:55am

Pakistan

Govt plans modernisation of Korangi fish harbour

ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhary has said that his ministry has...

Updated 29 May, 2025 08:33am

Business & Finance

PAIB Committee of ICAP holds ‘CFO Conference 2025’

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

Published 29 May, 2025 05:55am

Industry

PRGMEA opposes 18pc tax imposition under EFS

LAHORE: The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) on Wednesday opposed any...

Published 29 May, 2025 05:55am

Money & Banking

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 29 May, 2025 05:55am

Energy

Jinko Solar launches Tiger Neo X20 Panel

LAHORE: Jinko Solar, one of the leading solar brands has launched its latest innovation — the Tiger Neo X20 panel...

Published 29 May, 2025 05:55am

Business & Finance

‘Pakistan Pavilion shines at Expo 2025 Osaka’: Jam Kamal

OSAKA (Japan): “The theme of Pakistan pavilion at Expo 2025, Osaka is inspired by unique natural treasure Pink ...

Published 29 May, 2025 05:55am

Business & Finance

CFO Summit: Azfar calls for structural reforms and investor confidence

LAHORE: Muhammad Azfar Ahsan, Pakistan’s former Minister for Investment and Chairman of Nutshell Group, delivered ...

Published 29 May, 2025 05:55am

Business & Finance

Ahsan vows to deepen cooperation with World Bank

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

Published 29 May, 2025 05:55am

Business & Finance

NBP opens ATM service at cattle market

KARACHI: National Bank of Pakistan (NBP) has installed an ATM booth at the cattle market near the Northern Bypass in...

Published 29 May, 2025 05:55am

Industry

PHMA for abolishing peak, off-peak power tariff structure

LAHORE: The Pakistan Hosiery Manufacturers Association (PHMA) has called upon the government to abolish the outdated...

Published 29 May, 2025 05:55am

Industry

Hub industrial sector decides to go on strike over water shortages

KARACHI: The industrial sector of Hub, a key manufacturing sector in the region, has announced plans to go on an...

Published 29 May, 2025 05:55am

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	73,529.06
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
Gulistan Sp. / Jun 8 Gulistan Spinning Mills Limited(GUSM)	9.03 ▲ 1 (12.45%)
Cresent Jute / Jun 8 Crescent Jute Products Limited(CJPL)	14.73 ▲ 1.34 (10.01%)
Oilboy Energy / Jun 8 Oilboy Energy Limited(OBOY)	16.82 ▲ 1.53 (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%)
GOC (Pak) / Jun 8 GOC (Pak) Limited.(GOC)	118.13 ▲ 10.74 (10%)
Kohat Textile / Jun 8 Kohat Textile Mills Limited(KOHTM)	109.78 ▲ 9.98 (10%)
Service Textile / Jun 8 Service Industries Textiles Limited(SERT)	37.85 ▲ 3.44 (10%)
S.G.Power / Jun 8 S.G. Power Limited(SGPL)	50.27 ▲ 4.57 (10%)
Zahid Jee Textile / Jun 8 Zahidjee Textile Mills Limited(ZAHID)	66.88 ▲ 6.08 (10%)

Stock	Price
Dawood Lawrencepur / Jun 8 Dawood Lawrencepur Limited(DLL)	60.80 ▼ -564.03 (-90.27%)
Azgard Nine (Non-Voti) / Jun 8 Azgard Nine (Non-Voti)(ANLNV)	7.42 ▼ -0.98 (-11.67%)
Ideal Spinning / Jun 8 Ideal Spinning Mills Limited(IDSM)	77.24 ▼ -8.58 (-10%)
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%)
First Imrooz Mod. / Jun 8 First Imrooz Modaraba(FIMM)	195 ▼ -19.64 (-9.15%)
Fateh Ind. / Jun 8 Fateh Industries Limited(FIL)	165 ▼ -15.06 (-8.36%)
Tariq Corp.Pref. / Jun 8 Tariq Corporation Limited-Preference Shares(TCORPCPS)	12.25 ▼ -1.11 (-8.31%)
Int. Knit. / Jun 8 International Knitwear Limited(INKL)	80 ▼ -7.13 (-8.18%)
Shahtaj Sugar / Jun 8 Shahtaj Sugar Mills Limited(SHJS)	157.10 ▼ -13.9 (-8.13%)

Stock	Volume
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	35,750,710 ▲ 0.57
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	25,738,980 ▲ 0.7
Pace (Pak) Ltd. / Jun 8 Pace (Pakistan) Limited(PACE)	21,565,688 ▲ 0.18
Waves Home Appliances / Jun 8 Waves Home Appliances Limited(WAVESAPP)	20,760,115 ▲ 0.23
Pak Qatar Gen.Takaful / Jun 8 Pak Qatar General Takaful Limited(PQGTL)	19,514,431 ▲ 1.6
Thatta Cement / Jun 8 Thatta Cement Company Limited(THCCL)	18,601,364 ▲ 4.27
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	18,023,652 ▲ 0.67
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	17,795,841 ▼ -0.01
Beco Steel Ltd / Jun 8 Beco Steel Limited(BECO)	16,726,041 ▼ -0.25
Pak Qatar Family / Jun 8 Pak Qatar Family Takaful Limited(PAKQATAR)	15,957,600 ▼ -0.12

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