News Archives for Business & Finance - 2025-06-03

<<>>

Business & Finance - 2025-06-03

Business & Finance

Former Kia India workers, scrap dealers face probe over theft of 1,008 engines

NEW DELHI: Two former Kia India workers are under investigation over accusations that they colluded with scrap...

Published 03 Jun, 2025 09:53pm

Technology

Coinbase breach linked to customer data leak in India, sources say

WASHINGTON: Cryptocurrency exchange Coinbase knew as far back as January about a customer data leak at an...

Published 03 Jun, 2025 09:44pm

Commodities

Gold price per tola gains further Rs1,000 in Pakistan

Gold prices in Pakistan increased further on Tuesday in line with their rise in the international market. In the...

Published 03 Jun, 2025 09:23pm

Markets

Eid-ul-Adha 2025: trade peaks at Asia’s largest cattle market in Karachi

Northern Bypass market alone expected to record over Rs38 billion worth of business this year

Updated 03 Jun, 2025 07:54pm

Forex

Kenyan shilling flat against dollar, traders say

NAIROBI: Kenya’s shilling was unchanged against the dollar on Tuesday as manufacturers’ demand for foreign currency...

Published 03 Jun, 2025 03:41pm

Stocks

London shares edge lower as mining, bank stocks weigh

Britain’s main indexes fell on Tuesday, pressured by mining and financial stocks, with investors growing cautious...

Published 03 Jun, 2025 03:40pm

Business & Economy

Structural reforms position Pakistan for sustainable growth, says Aurangzeb

Finance Minister Muhammad Aurangzeb on Tuesday said that the ongoing structural reforms have ‘well-positioned’...

Updated 03 Jun, 2025 10:33pm

Currency

Russian rouble strengthens slightly vs US dollar after Ukraine talks in Istanbul

MOSCOW: The Russian rouble strengthened slightly against the U.S. dollar on Tuesday, regaining some ground after a...

Published 03 Jun, 2025 03:32pm

Currency

Sterling tiptoes lower; 40-year gilt auction, BoE speakers in focus

LONDON: The pound trod water on Tuesday, holding mostly steady against the dollar and the euro, ahead of a raft of...

Published 03 Jun, 2025 03:29pm

Commodities

India’s May palm oil imports jump 87% to six-month high, dealers say

MUMBAI: India’s palm oil imports in May surged to a six-month high, as lower inventories and the tropical oil’s...

Published 03 Jun, 2025 03:27pm

Money & Banking

Bank of England’s Dhingra sees downside risks to inflation outlook

Bank of England policymaker Swati Dhingra said on Tuesday that she saw downside risks to the outlook for British...

Published 03 Jun, 2025 03:15pm

Stocks

Gulf bourses in green as oil prices rise

Most stock markets in the Gulf were trading higher early on Tuesday as oil prices ticked up on concerns about...

Published 03 Jun, 2025 03:05pm

Stocks

European shares tumble as economic, trade uncertainty muddies growth outlook

European shares dropped on Tuesday, weighed down by economically-sensitive bank and mining stocks as investors...

Published 03 Jun, 2025 03:03pm

Companies

Lufthansa extends suspension of Tel Aviv flights until June 22

BERLIN: Lufthansa has extended the suspension of its flights to and from Tel Aviv until June 22, the German airline...

Published 03 Jun, 2025 01:48pm

Money & Banking

Julius Baer to make further cost cuts of $159 million by 2028

ZURICH: Julius Baer will implement more cost-saving measures amounting to 130 million Swiss francs ($159.02 million)...

Published 03 Jun, 2025 01:37pm

Business & Finance

ADB approves $800mn public finance program for Pakistan

Programme designed to help Pakistan build long-term fiscal resilience, stability, says Asian Development Bank

Updated 03 Jun, 2025 07:03pm

Industry

CCP fines fertilizer firms, FMPAC Rs375mn for price fixing

The Competition Commission of Pakistan (CCP) has imposed penalties to the tune of Rs375 million on companies and an...

Published 03 Jun, 2025 01:17pm

Commodities

Palm rises as Dalian oils firm, India cuts import duty on crude edible oils

JAKARTA: Malaysian palm oil futures rose on Tuesday, tracking stronger Dalian’s edible oil market and India’s...

Published 03 Jun, 2025 12:44pm

Companies

Toyota to take private key unit in $26 billion deal

TOKYO: Toyota Motor will take private a key supplier of its group, it said on Tuesday, in a $26 billion deal,...

Published 03 Jun, 2025 12:21pm

World

OECD trims global outlook as Trump trade war hits US growth

PARIS: Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump...

Published 03 Jun, 2025 12:15pm

Forex

South African rand slips before Q1 GDP data, analysts forecast no growth

JOHANNESBURG: The South African rand was slightly weaker in early trade on Tuesday before the release of...

Published 03 Jun, 2025 12:08pm

Commodities

Iron ore at nearly 2-month low, hurt by Trump’s tariff hike plan, weak China data

BEIJING: Iron ore futures slipped to their lowest in nearly two months on Tuesday, dragged down by demand fears...

Published 03 Jun, 2025 11:54am

Financial

Japanese government bond yields retreat after strong 10-year note auction

TOKYO: Yields on 10-year Japanese government bonds sank on Tuesday, reversing an earlier rise, after results of an...

Published 03 Jun, 2025 11:48am

Companies

India’s Adani Group stocks slip on report US probing alleged Iran sanctions evasion

Shares of India’s Adani Group firms fell between 1% and 2.5% on Tuesday, a day after the Wall Street Journal...

Published 03 Jun, 2025 11:46am

Middle East

Saudi Arabia’s non-oil private sector growth accelerates in May, PMI shows

ABU DHABI: The expansion in Saudi Arabia’s non-oil private sector activity quickened in May, driven by accelerated...

Published 03 Jun, 2025 11:43am

Forex

China’s yuan slips as caution prevails ahead of Trump-Xi talks

SHANGHAI: China’s yuan weakened against the dollar on Tuesday, the first trading session after the holiday, as...

Published 03 Jun, 2025 11:34am

Companies

Attock Cement acquisition: Alpha Cement files PAI as Bestway exits the race

Alpha Cement Company Limited, a Karachi-based company, intends to acquire the majority stake and control of Attock...

Published 03 Jun, 2025 11:32am

Forex

Australia, NZ dollars back away from resistance, data a drag

SYDNEY: The Australian and New Zealand dollars backed away from resistance on Tuesday as soft economic data...

Published 03 Jun, 2025 11:24am

Companies

Airbus deliveries fell 4% in May, sources say

NEW DELHI: Airbus delivered around 51 airplanes in May, industry sources said, down 4% from the same month last...

Published 03 Jun, 2025 11:22am

Financial

Indian bonds flat ahead of state debt supply, RBI policy decision

MUMBAI: Indian government bonds traded in a tight range in early deals on Tuesday, as investors awaited the state...

Published 03 Jun, 2025 11:19am

Companies

TSMC says US tariffs have some impact but AI demand robust

HSINCHU, TAIWAN: Taiwan’s TSMC said on Tuesday that U.S. tariffs were having some impact on the company and had been...

Published 03 Jun, 2025 11:17am

Currency

Indian rupee steady after initial dip; implied volatility softens

MUMBAI: The Indian rupee held steady on Tuesday after a slight dip at open, while implied volatility eased further...

Published 03 Jun, 2025 11:14am

Commodities

Japan rubber futures hit one-year lows on supply outlook, weak China demand

SINGAPORE: Japanese rubber futures slid on Tuesday to their lowest levels in more than a year, pressured by weak...

Published 03 Jun, 2025 11:09am

Stocks

Australian main index led higher by banks, RBA minutes boost rate cut bets

Australian shares ended higher on Tuesday, helped by banks as investors expectations for further rate cuts were...

Updated 03 Jun, 2025 03:06pm

Stocks

Japan’s Nikkei erases day’s gains as caution grows over global trade

TOKYO: Japan’s Nikkei share average dropped in the final minute of trading on Tuesday, extending its losing streak...

Updated 03 Jun, 2025 03:08pm

Stocks

China, HK shares rise as banks and carmakers rally; trade talks in focus

HONG KONG: China and Hong Kong shares edged up on Tuesday, as banking stocks hit record highs and automakers...

Updated 03 Jun, 2025 01:33pm

Stocks

Financials, IT weigh on Indian shares; Adani stocks fall on US probe report

Financials and IT stocks dragged Indian shares down on Tuesday on worries of foreign outflows amid strong US...

Updated 03 Jun, 2025 03:37pm

Commodities

London copper prices little changed; tariff concerns resurface

SINGAPORE: London copper prices held steady as investors weighed a weaker U.S. currency and renewed concerns over...

Published 03 Jun, 2025 10:58am

Commodities

Wheat drops on improved US crop rating; corn hits six-month low

SINGAPORE: Chicago wheat slid on Tuesday, giving up some of previous session’s gains, as improved U.S. crop...

Published 03 Jun, 2025 10:56am

Commodities

Gold retreats from near four-week peak as dollar ticks up

Gold prices fell on Tuesday, retreating from near a four-week high, as a modest rise in the dollar weighed on the...

Published 03 Jun, 2025 10:54am

Forex

Dollar holds near six-week low as trade war wears on US economy

TOKYO: The dollar touched a six-week low on Tuesday on signs of fragility in the U.S. economy because of damage from...

Published 03 Jun, 2025 10:52am

Energy

Oil prices climb 2% to 2-week high on geopolitical tension concerns

LONDON: Oil edged up on Tuesday, in the face of rising geopolitical tensions as the war in Ukraine ramped up despite...

Updated 03 Jun, 2025 10:15pm

Stocks

KSE-100 hits all-time high as investors cheer IMF breakthrough

PM said talks with IMF on upcoming budget successful

Updated 03 Jun, 2025 09:56pm

Exchange

Rupee records marginal decline against US dollar

Currency settles at 282.12 against greenback

Updated 03 Jun, 2025 09:42pm

Companies

Fauji Foundation, KAPCO eye majority stake in ACPL

Fauji Foundation and Kot Addu Power Company Limited (KAPCO) have formally expressed their intention to jointly...

Updated 03 Jun, 2025 11:48am

Industry

Seafood sector: performance highlighted

LAHORE: Pakistan’s seafood sector continues to demonstrate resilience and growth, supported by the country’s...

Published 03 Jun, 2025 07:25am

Industry

Centralised fund: pharma sector urges govt to let it utilise 1% of profit on in-house R&D activities

While the government is striving hard to boost exports to achieve sustainable economic growth, the pharmaceutical...

Published 03 Jun, 2025 06:24am

Real Estate

Dubai’s first tokenised real estate project signals ‘major transformation’ for property sector

Initiative allows buyers to own a share in a prime real estate project in Dubai through blockchain-based tokens, starting from AED 2,000

Updated 03 Jun, 2025 11:25am

Companies

MCL joins MDCN to expand country’s presence in regional network

KARACHI: Manhattan Communications (Pvt.) Ltd (MCL) is proud to announce its affiliation with Müller’s Digital...

Published 03 Jun, 2025 06:14am

World

Australian job ads fall for second month in May

SYDNEY: Australian job advertisements fell for a second successive month in May in a sign that the tight labour...

Published 03 Jun, 2025 06:14am

Business & Finance

Regulatory framework for digital, virtual assets discussed

ISLAMABAD: A high-level meeting of the Pakistan Crypto Council (PCC) was held on Monday at the Finance Division,...

Published 03 Jun, 2025 06:14am

Energy

Issues facing industrialists to be resolved on a priority basis: SNGPL CEO

LAHORE: CEO of Sui Northern Gas Pipelines Limited (SNGPL) Aamir Tufail has said that the gas-related issues of...

Published 03 Jun, 2025 06:14am

Money & Banking

US dollar slips as tariff worries resurface

NEW YORK: The US dollar slipped across the board on Monday, giving up the previous week’s gains, as markets ...

Published 03 Jun, 2025 06:14am

Pakistan

AirSial commences ‘Islamabad to Dubai’ flight

KARACHI: AirSial has commenced its international flight operations, connecting Islamabad directly to Dubai....

Published 03 Jun, 2025 06:14am

Business & Finance

Advisor highlights agri output decline

PESHAWAR: Advisor to the Chief Minister of Khyber Pakhtunkhwa on Finance and Inter-Provincial Coordination, ...

Published 03 Jun, 2025 06:14am

Taxes

Germany plans tax cuts to boost stagnant economy

FRANKFURT, (Germany): Europe’s top economy is planning tax cuts to help kick-start growth, a German government...

Published 03 Jun, 2025 06:14am

Business & Finance

Japan to raise foreign direct investment target

TOKYO: Japan is set to raise its 2030 foreign direct investment target by 20% and push the figure as high as 150...

Published 03 Jun, 2025 06:14am

Business & Finance

Ministries & Divs: ECC clears TSG summaries

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet was held on Monday under the...

Updated 03 Jun, 2025 08:47am

Business & Finance

Nepra’s KE MYT decision: Power Div. submits review motion

ISLAMABAD: The Power Division on Monday submitted the much-talked about review motion challenging the National...

Updated 03 Jun, 2025 09:20am

Energy

Move to cushion PSO: Exchange rate losses adjusted into petrol prices

ISLAMABAD: To cushion Pakistan State Oil (PSO) against exchange rate losses, the federal government has adjusted its...

Published 03 Jun, 2025 06:14am

Taxes

FPCCI opposes new taxes in budget

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Muhammad Aman Paracha...

Published 03 Jun, 2025 06:14am

Money & Banking

Aussie, kiwi gain as tariff risks drag on dollar

SYDNEY: The Australian and New Zealand currencies gained on Monday as the US dollar weakened on an escalation in...

Published 03 Jun, 2025 06:14am

Companies

SMTA, KFC sign MoU to provide scooter training to women

KARACHI: Sindh Senior Minister and Provincial Minister for Information, Transport, and Mass Transit Sharjeel Inam...

Published 03 Jun, 2025 06:14am

Money & Banking

Euromoney Islamic Finance Awards: BankIslami named Best Islamic Bank in Pakistan

KARACHI: BankIslami has been named the Best Islamic Bank in Pakistan at the Euromoney Islamic Finance Awards 2025, a...

Published 03 Jun, 2025 06:14am

Companies

KE highlights future outlook

KARACHI: K-Electric (KE), Pakistan’s only vertically integrated power utility, held its Corporate Briefing Session...

Published 03 Jun, 2025 06:14am

Business & Finance

FPCCI worried over cut in uplift budget

KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh has said that...

Published 03 Jun, 2025 06:14am

Industry

LCCI’s SVP made acting president of industry

LAHORE: Senior Vice President of the Lahore Chamber of Commerce and Industry (LCCI) Engineer Khalid Usman will be ...

Published 03 Jun, 2025 06:14am

Industry

Need for apex chambers of Turkey, Iran & Azerbaijan urged

KARACHI: The leaders of the United Business Group (UBG) President Zubair Tufail, Central Leaders Khalid Tawab, Hanif...

Published 03 Jun, 2025 06:14am

Industry

PPMA urges govt to prioritize tariff reforms & SME support in budget

ISLAMABAD: The Pakistan Plastic Manufacturers Association (PPMA), representing over 300 plastic manufacturers...

Published 03 Jun, 2025 06:14am

Business & Finance

May CPI-based inflation increases 3.5pc YoY

ISLAMABAD: The Consumer Price Index (CPI)-based inflation increased to 3.5 percent on Year-on-Year basis in May 2025...

Published 03 Jun, 2025 06:14am

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 5	160.29
USD to Swiss Franc / Jun 5	0.80
Pound Sterling to USD / Jun 5	1.33
Euro to USD / Jun 5	1.15
SOFR % / Jun 7	3.63

Stock	Volume
S&P 500 / Jun 5	7,383.74
India Sensex / Jun 5	74,243.34
Tokyo Nikkei / Jun 5	66,588.12
Nasdaq / Jun 5	25,709.43
Hang Seng / Jun 5	24,961.95
FTSE 100 / Jun 5	10,368.05
Dow Jones / Jun 5	50,866.78
Germany DAX 30 / Jun 5	24,759.05
France CAC40 / Jun 5	8,218.24

Item	Value
Crude Oil USD/Barrel / Jun 5	90.54
Gold 10 Grams PKR / Jun 5	401,012
Gold Spot USD/Ounce / Jun 5	4,328.45
Cotton US¢/pound / Jun 5	77.48
Petrol/Litre / Jun 8	377.78
Diesel/Litre / Jun 8	380.78

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	7.76 ▲ 1 (14.79%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.03 ▲ 0.97 (13.74%)
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.41 ▲ 1 (13.5%)
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	8.98 ▲ 1 (12.53%)
First Capital Equities / Jun 5 First Capital Equities Limited(FCEL)	5.30 ▲ 0.52 (10.88%)
Merit Packaging / Jun 5 Merit Packaging Limited(MERIT)	10.35 ▲ 1 (10.7%)
D.S. Ind. Ltd. / Jun 5 D.S. Industries Limited(DSIL)	11.19 ▲ 1.02 (10.03%)
Askari Life Assur. / Jun 5 Askari Life Assurance Company Limited(ALAC)	23.28 ▲ 2.12 (10.02%)
Waves Corporation / Jun 5 Waves Corporation Limited(WAVES)	10.98 ▲ 1 (10.02%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	66.80 ▼ -7.4 (-9.97%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.96 ▼ -2.48 (-7.64%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.17 ▼ -2.48 (-6.1%)
Bela Auto / Jun 5 Bela Automotives Limited(BELA)	55.85 ▼ -3.14 (-5.32%)
Tandlianwala Sugar / Jun 5 Tandlianwala Sugar Mills Limited(TSML)	385.55 ▼ -19.67 (-4.85%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
Dewan Textile / Jun 5 Dewan Textile Mills Limited(DWTM)	9.65 ▼ -0.48 (-4.74%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40.01 ▼ -1.99 (-4.74%)
Frontier Ceramics / Jun 5 Frontier Ceramics Limited(FRCL)	75.03 ▼ -3.61 (-4.59%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	42,057,629 ▲ 0.57
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,999,765 ▲ 0.49
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,811,517 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,493,657 ▼ -0.2
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,842,888 ▼ -0.01
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	22,157,441 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	18,104,460 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,319,572 ▲ 1
B.O.Punjab / Jun 5 The Bank of Punjab(BOP)	15,286,456 ▼ -0.46
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,013,265 ▼ -0.11

Most Popular