News Archives for Business & Finance - 2025-05-30

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Business & Finance - 2025-05-30

Markets

Govt working to lift ban on new gas connections, says minister

Federal Minister for Petroleum Ali Pervaiz Malik said on Friday the government was working to lift the nationwide...

Published 30 May, 2025 11:22pm

Markets

SBP says collaborating with Pakistan Crypto Council on regulatory framework for virtual assets

The State Bank of Pakistan (SBP) on Friday clarified that it was collaborating with the Pakistan Crypto Council...

Published 30 May, 2025 09:48pm

Commodities

Asia gold: India gold demand lags as prices rise, wedding buying cools

Physical gold demand in India was subdued this week, as an uptick in domestic prices and a winding up of wedding...

Published 30 May, 2025 09:32pm

Stocks

Foreign investors raise bets that India stock market rally may stall

Foreign investors are becoming more cautious about the Indian stock market, indicating a three-month rally may run...

Published 30 May, 2025 09:29pm

Forex

Indian rupee flips back to monthly decline, lags Asian peers

MUMBAI: The Indian rupee declined by about 1% in May, reversing course after gaining in the previous two months,...

Published 30 May, 2025 09:25pm

Companies

Adani’s Mumbai airport spars with IndiGo, Air India over payment terms

NEW DELHI: The airport in India’s financial capital of Mumbai, run by the Adani Group, has triggered a lobbying...

Published 30 May, 2025 09:21pm

Markets

Pakistan begins talks with US on Trump’s reciprocal tariffs, says finance minister’s adviser

Both sides express confidence in advancing negotiations for successful conclusion at the earliest, says Khurram Schehzad

Published 30 May, 2025 09:13pm

Middle East

Saudi firms to place orders for dozens of Airbus jets, sources say

NEW DELHI: Saudi Arabia is set to place orders for billions of dollars of Airbus jets as the kingdom balances...

Published 30 May, 2025 09:13pm

Middle East

UAE’s biggest bank FAB seeks to raise $480mn from secondary offering

DUBAI: First Abu Dhabi Bank (FAB), the UAE’s biggest bank by assets, is looking to raise around $480 million from a...

Published 30 May, 2025 09:09pm

Stocks

TSX slips as Trump says China violated tariff agreement

Canada’s main stock index slipped on Friday, as trade worries over U.S. President Donald Trump’s accusation in a...

Published 30 May, 2025 08:20pm

Stocks

Wall St falls as Trump says China violated tariff terms

Wall Street’s main indexes fell on Friday as U.S. President Donald Trump accused China of violating a tariff...

Published 30 May, 2025 08:18pm

Markets

Smuggling control: Pakistan govt may approve fees to digitise fuel supply, petrol pumps

Pakistan government is likely to approve additional fees for oil marketing companies (OMCs) and dealers to digitise...

Updated 30 May, 2025 11:23pm

Companies

Thyssenkrupp putting 20,000 jobs at risk in overhaul

BERLIN: Germany’s IG Metall union sees around a fifth of jobs at Thyssenkrupp at risk, a senior official was quoted...

Published 30 May, 2025 07:48pm

Stocks

UAE markets fall but Dubai index ends May at multi-year high

Dubai’s main share index ended May at its highest level since July 2008, even as global trade uncertainty and...

Published 30 May, 2025 07:45pm

Forex

South African rand falls back after strong gains

JOHANNESBURG: The South African rand retreated on Friday following strong recent gains, but analysts said the...

Published 30 May, 2025 07:15pm

Companies

India extends IndiGo’s Turkish Airlines lease by just three months

NEW DELHI: IndiGo’s Turkish Airlines lease has been extended by three months, less than the six-month extension...

Published 30 May, 2025 07:11pm

Commodities

Wheat down 1-2 cents, corn up 1-down 1, soy down 4-6

CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago...

Published 30 May, 2025 06:31pm

Commodities

Gold price per tola falls Rs700 in Pakistan

Gold prices in Pakistan decreased on Friday in line with their decline in the international market. In the local...

Published 30 May, 2025 06:30pm

Forex

Indian central bank’s FX forward book shrinks to $52.48 billion

MUMBAI: The size of the Indian central bank’s FX forward book shrank to $52.48 billion at the end of April, down...

Published 30 May, 2025 06:25pm

Stocks

Sri Lankan shares notch eighth straight weekly gain

Sri Lankan shares logged their eighth straight week of gains on Friday, as gains in utilities stocks overpowered...

Published 30 May, 2025 05:39pm

Commodities

OPEC+ may discuss oil output hike larger than 411,000 bpd for July

LONDON/MOSCOW: OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the...

Published 30 May, 2025 05:32pm

Financial

Indian FY25 fiscal deficit slightly above target

MUMBAI: Fiscal deficit for 2024-25 was 100.5% of the fiscal year target, data released on Friday showed. In...

Published 30 May, 2025 05:28pm

Companies

India’s EV makers Tata, Mahindra seek to block hybrids in govt fleets, documents show

NEW DELHI: India’s biggest automakers are seeking to block a pollution management body’s attempts to promote hybrid...

Published 30 May, 2025 05:25pm

South Asia

Sri Lanka’s Colombo consumer price index falls 0.7% y/y in May

Sri Lanka’s Colombo Consumer Price Index fell 0.7% year-on-year in May after dropping 2% in April, the statistics...

Published 30 May, 2025 05:08pm

Financial

China’s central bank injects 700bn yuan of outright reverse repos in May

SHANGHAI: China’s central bank has injected 700 billion yuan ($97 billion) into its banking system during May...

Published 30 May, 2025 05:02pm

Companies

S&P lowers outlook on Volvo Cars rating citing US tariffs, competition in China

STOCKHOLM: S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to “negative” from...

Published 30 May, 2025 05:00pm

Currency

Sterling set for fourth monthly rise against a weakened dollar

Sterling held steady on Friday, set for its fourth month in a row of gains against the dollar, as recent favourable...

Published 30 May, 2025 04:56pm

Companies

Japan’s Dai-Ichi Life to take 15% stake in British insurer M&G

PARIS/LONDON: Japanese insurer Dai-ichi Life will take a 15% stake in British financial group M&G and has agreed...

Published 30 May, 2025 04:54pm

South Asia

India beats forecasts with 7.4% growth in January-March

NEW DELHI: India’s economy grew 7.4% in the January-March quarter from a year earlier, much faster than forecasts...

Published 30 May, 2025 04:48pm

Energy

Global LNG: Asian spot prices flat as weak demand, rising Europe supply caps gains

SINGAPORE: Asian spot liquefied natural gas (LNG) prices were flat this week after three weeks of gains, as low...

Published 30 May, 2025 04:42pm

Middle East

Saudi Aramco could soon issue Islamic bonds, prospectus shows

DUBAI: Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling...

Published 30 May, 2025 04:29pm

Stocks

Indian benchmarks end May with gains as investors wait for growth data

India’s benchmark indexes edged lower on Friday but logged a third straight monthly gain, supported by steady...

Published 30 May, 2025 04:24pm

Commodities

LME copper on track for biggest monthly rise since September on nearby supply tightness

LONDON: Copper prices in London were little changed on Friday, but on course for their biggest monthly rise in eight...

Published 30 May, 2025 04:22pm

Commodities

Palm logs third weekly gain despite Chicago soyoil drag

KUALA LUMPUR: Malaysian palm oil futures logged a third straight weekly gain, though the market retreated on Friday...

Published 30 May, 2025 04:18pm

Currency

Pakistan Crypto Council to discuss digital asset rules in upcoming meeting

Establishment of Pakistan Virtual Assets Regulatory Authority to also be discussed

Updated 30 May, 2025 07:58pm

Companies

Cherat, Bestway interested in Attock Cement as Pharaon mulls exit: Bloomberg

Pharaon Investment Group Ltd., a Lebanon-based company exploring a strategic sale of its stake in Attock Cement...

Updated 30 May, 2025 10:07pm

Bullion Rate

Gold falls as dollar strengthens ahead of key US inflation data

Gold prices fell on Friday as the dollar ticked up, while investors remained cautious ahead of key U.S. inflation...

Published 30 May, 2025 02:10pm

Stocks

STOXX 600 edges down on US trade uncertainties; set for monthly gains

European shares dipped on Friday as caution prevailed after a U.S. court reinstated President Donald Trump’s...

Published 30 May, 2025 02:06pm

Business & Finance

Volkswagen CEO flags ‘massive’ US investments, ‘fair’ tariff talks, newspaper reports

BERLIN/FRANKFURT: Volkswagen is holding “fair” and “constructive” talks with the United States government on tariffs...

Published 30 May, 2025 01:53pm

Business & Finance

China’s BYD says it is against import of 5-year-old used vehicles

Says move will hurt local manufacturers and environment

Published 30 May, 2025 11:11am

Currency

Rupee registers slight improvement against US dollar

Currency settles at 282.02 against greenback

Updated 30 May, 2025 08:13pm

Stocks

KSE-100 adds 720 points amid bullish momentum

Buying rally continued at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index closing the...

Updated 30 May, 2025 08:33pm

Forex

Indian rupee to rise at open after dollar reverses tariff ruling-spurred rally

MUMBAI: The Indian rupee is poised to open higher on Friday, after the U.S. dollar’s rally, which was sparked by a...

Published 30 May, 2025 08:17am

Stocks

Indian shares set to open higher on strong inflows, growth optimism

Indian benchmark indexes are poised to open higher on Friday, supported by robust institutional inflows and...

Published 30 May, 2025 08:14am

Stocks

Stocks slip, dollar sags as Trump tariffs remain after latest courtroom twist

TOKYO: Stocks slipped in Asia on Friday and the U.S. dollar drooped with Treasury yields as investors digested an...

Published 30 May, 2025 07:50am

Forex

Dollar poised for fifth-straight monthly drop on trade, fiscal uncertainty

SINGAPORE: The U.S. dollar softened on Friday, heading for its fifth-straight monthly decline as traders braced for...

Published 30 May, 2025 07:46am

Energy

Oil prices fall on possible larger OPEC+ output hike for July

HOUSTON: Oil prices fell on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially...

Updated 30 May, 2025 09:39pm

Industry

Networking within importers: PKBC to organise expo in Nairobi on July 22

KARACHI: The Pakistan Kenya Business Council (PKBC) has announced plans to organize an importers networking expo on...

Published 30 May, 2025 06:03am

Pakistan

Senate body approves IT (Second Amendment) Bill 2025

Islamabad: The Senate Standing Committee on Finance and Revenue Thursday approved Income Tax (Second Amendment) Bill...

Updated 30 May, 2025 07:07am

Budget 2025-26

Salaried people: SCAP demands immediate relief

KARACHI: The Salaried Class Alliance of Pakistan (SCAP) has called on the government to provide immediate relief to...

Published 30 May, 2025 06:03am

Pakistan

Rs500m loss inflicted on national exchequer? Senate body raises questions over role of Nespak, NTDC

ISLAMABAD: The Senate Standing Committee on Economic Affairs raised serious questions over the role of National...

Published 30 May, 2025 06:03am

Pakistan

Punjab, UK to collaborate on farming and livestock reforms

LAHORE: The Punjab government and the British High Commission have agreed to work together on supporting farmers,...

Published 30 May, 2025 06:03am

Pakistan

Pakistan provides shorter trade route for Central Asia: Aleem

ISLAMABAD: Federal Minister for Communications Abdul Aleem Khan emphasised the need to focus on enhancing trade with...

Published 30 May, 2025 06:03am

Money & Banking

Dollar falls as investors see long court battle on tariffs

NEW YORK: The US dollar fell on Thursday, reversing earlier gains, as investors prepared for a battle over US...

Published 30 May, 2025 06:03am

Money & Banking

Asian currencies: Malaysian ringgit, Thai baht down

BENGALURU: Asian currencies traded lower on Thursday as the dollar strengthened after a US trade court halted the...

Published 30 May, 2025 06:03am

Industry

LCCI polls 2024: Commerce secy upholds DGTO’s decision

LAHORE: The Commerce secretary has upheld the decision of the Director General Trade Organizations, declaring the...

Published 30 May, 2025 06:03am

Industry

Minister opens 20th Plastic, Packaging Industry expo

LAHORE: Provincial Minister for Industries and Commerce, Chaudhry Shafay Hussain, inaugurated the three-day 20th...

Published 30 May, 2025 06:03am

Industry

Bilateral trade: APTMA & textile bodies of Uzbekistan reach understanding

LAHORE: All Pakistan Textile Mills Association (APTMA) & Textile Associations of Uzbekistan have reached an...

Published 30 May, 2025 06:03am

Industry

Reko Diq mining company holds ‘supplier road show’ in Karachi

KARACHI: Reko Diq Mining Company (RDMC), operated by Barrick Mining Corporation, hosted the Pakistan Supplier Road...

Published 30 May, 2025 06:03am

Business & Finance

Energy sector: Key investment opportunities outlined

KARACHI: Federal Minister for Petroleum, Ali Pervaiz Malik outlined key investment opportunities in upstream...

Published 30 May, 2025 06:03am

Industry

KP CM visits inaugurates KP-EZDMC Tower

PESHAWAR: Chief Minister Khyber Pakhtunkhwa, Ali Amin Khan Gandapur visited the head office of the Khyber ...

Published 30 May, 2025 06:03am

Business & Finance

Defaulting consumers issued notices: Various federal, provincial depts owe over Rs3.7136bn to SNGPL

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) has issued reminder notices to several public sector ...

Published 30 May, 2025 06:03am

Taxes

Tobacco taxation discourse: Concern raised over recurring pattern of global interventions

ISLAMABAD: Mubashir Akram, National Convenor of ACT Alliance Pakistan, has emphasised the need to safeguard...

Updated 30 May, 2025 06:54am

Taxes

FTO terms forced tax registration, fraud allegations maladministration

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has held that illegal compulsory sales tax registration of a...

Published 30 May, 2025 06:03am

Business & Finance

Budget on June 10: advisor

ISLAMABAD: Amid rumours regarding a possible delay due to Eid holidays, Khurram Shahzad, advisor to the finance...

Published 30 May, 2025 06:03am

Technology

Bitcoin Vegas in US: Pakistan unveils first govt-led Bitcoin reserve

ISLAMABAD: Minister for Crypto & Blockchain Bilal Bin Saqib on Thursday announced Strategic Bitcoin Reserve at...

Published 30 May, 2025 06:03am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	279.32
USD PKR Interbank Buying / Jan 1	279.12
USD to Japanese Yen / Jan 1	158.66
USD to Swiss Franc / Jan 1	0.79
Pound Sterling to USD / Jan 1	1.33
Euro to USD / Jan 1	1.16
SOFR % / Jan 1	3.63

Stock	Volume
S&P 500 / Jan 1	6,575.32
India Sensex / Jan 1	73,134.32
Tokyo Nikkei / Jan 1	53,739.68
Nasdaq / Jan 1	21,840.95
Hang Seng / Jan 1	25,294.03
FTSE 100 / Jan 1	10,364.79
Dow Jones / Jan 1	46,565.74
Germany DAX 30 / Jan 1	23,298.89
France CAC40 / Jan 1	7,981.27

Item	Value
Petrol/Litre / Jan 1	321.17
Crude Oil USD/Barrel / Jan 1	98.98
Gold 10 Grams PKR / Jan 1	423,578
Gold Spot USD/Ounce / Jan 1	4,772.97
Diesel/Litre / Jan 1	335.86
Cotton US¢/pound / Jan 1	70.76

Gainers
Losers
Leaders

Stock	Price
Gulistan Sp. / Jun 8 Gulistan Spinning Mills Limited(GUSM)	9.03 ▲ 1 (12.45%)
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%)
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%)
Zuma Resources / Jun 8 Zuma Resources Limited(ZUMA)	87.87 ▲ 7.99 (10%)
Pakistan Services / Jun 8 Pakistan Services Limited(PSEL)	944.46 ▲ 85.86 (10%)
Khalid Siraj / Jun 8 Khalid Siraj Textile Mills Limited(KSTM)	12.02 ▲ 1.09 (9.97%)
GOC (Pak) / Jun 8 GOC (Pak) Limited.(GOC)	118 ▲ 10.61 (9.88%)

Stock	Price
Dawood Lawrencepur / Jun 8 Dawood Lawrencepur Limited(DLL)	60.10 ▼ -564.73 (-90.38%)
Azgard Nine (Non-Voti) / Jun 8 Azgard Nine (Non-Voti)(ANLNV)	7.42 ▼ -0.98 (-11.67%)
Javedan Corp.(Pref) / Jun 8 Javedan Corp.(Pref)(JVDCPS)	68.20 ▼ -7.47 (-9.87%)
Ideal Spinning / Jun 8 Ideal Spinning Mills Limited(IDSM)	77.40 ▼ -8.42 (-9.81%)
First Imrooz Mod. / Jun 8 First Imrooz Modaraba(FIMM)	195 ▼ -19.64 (-9.15%)
National Silk / Jun 8 The National Silk & Rayon Mills Limited(NSRM)	122.05 ▼ -11.45 (-8.58%)
Tri-Star Mutual / Jun 8 Tri-Star Mutual Fund Limited(TSMF)	17.50 ▼ -1.62 (-8.47%)
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%)
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)	21,967,131 ▲ 0.35
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	20,495,404 ▲ 0.68
Waves Home Appliances / Jun 8 Waves Home Appliances Limited(WAVESAPP)	19,792,732 ▲ 0.25
Pace (Pak) Ltd. / Jun 8 Pace (Pakistan) Limited(PACE)	19,197,257 ▲ 0.17
Thatta Cement / Jun 8 Thatta Cement Company Limited(THCCL)	15,956,399 ▲ 5.59
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	15,521,980 ▲ 1.1
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	15,517,084 ▼ -0.02
Pak Qatar Gen.Takaful / Jun 8 Pak Qatar General Takaful Limited(PQGTL)	15,354,173 ▲ 1.3
Pak Qatar Family / Jun 8 Pak Qatar Family Takaful Limited(PAKQATAR)	14,308,208 ▼ -0.37
Beco Steel Ltd / Jun 8 Beco Steel Limited(BECO)	12,967,566 ▼ -0.2

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