News Archives for Business & Finance - 2025-06-12

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Business & Finance - 2025-06-12

Taxes

IHC affirms tax department’s stance in Rs59.3bn tower business transaction

A Division Bench of the Islamabad High Court (IHC), led by Justice Babar Sattar, has delivered a ruling in favour of...

Published 12 Jun, 2025 11:28pm

Markets

Pakistan tanners invited to organise leather show in Malaysia

Consul General of Malaysia Herman Hardynata Ahmad invited on Thursday Pakistan tanners to consider organising a...

Published 12 Jun, 2025 10:45pm

Forex

SBP-held foreign exchange reserves rise $167mn to clock in at $11.68bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $167 million on a weekly basis,...

Updated 12 Jun, 2025 09:04pm

Technology

Federal ministers propose revision in e-commerce taxation framework to support SMEs

Govt proposed 18% sales tax on sales of goods to be sold by e-commerce platforms

Published 12 Jun, 2025 08:19pm

Commodities

Gold prices per tola gains Rs4,000 in Pakistan

Gold prices in Pakistan increased on Thursday in line with their surge in the international market. In the local...

Published 12 Jun, 2025 04:04pm

Business & Finance

Dubai property: buyers purchase shares in one-bedroom apartment in record time

Dubai govt's tokenised project allows users to buy shares in properties through blockchain-based tokens, starting from AED 2,000 ($545)

Published 12 Jun, 2025 03:55pm

Money & Banking

Monetary Policy Committee to meet on Monday: SBP

The Monetary Policy Committee (MPC) of SBP will meet on Monday, June 16, 2025, to decide on the policy rate, the...

Published 12 Jun, 2025 03:30pm

Stocks

Boeing shares fall 5% after Air India’s Dreamliner jet crashes

Boeing’s shares fell 5% on Thursday after an Air India 787-8 Dreamliner jet crashed minutes after taking off, posing...

Updated 12 Jun, 2025 08:14pm

Energy

Pakistan’s solar boom continues as govt proposes 18% tax

Cherat Cement Company Limited (CHCC) has further enhanced its renewable portfolio with the commissioning of a 2.935...

Published 12 Jun, 2025 03:14pm

Stocks

Energy stocks keep FTSE 100 steady as trade deal optimism wanes

London’s FTSE 100 was slightly lower on Thursday as recent optimism around the U.S.-China trade deal waned, but...

Published 12 Jun, 2025 03:05pm

Technology

Ministers propose eCommerce tax reforms

In a bid to support Pakistan’s rapidly growing eCommerce sector and support small and medium enterprises (SMEs),...

Published 12 Jun, 2025 02:47pm

Forex

Ugandan shilling flat ahead of budget reading

KAMPALA: The Ugandan shilling was flat on Thursday data from the London Stock Exchange Group showed, ahead of the...

Published 12 Jun, 2025 02:05pm

Energy

OGDCL finds significant gas reserves in Sindh

Oil & Gas Development Company Limited (OGDCL), along with its partner Government Holdings (Private) Limited...

Published 12 Jun, 2025 01:57pm

Business & Finance

Govt under fire for salary hike for top parliamentarians while minimum wage remains static

The federal government’s decision to significantly raise the salaries and financial perks of top parliamentary...

Published 12 Jun, 2025 01:14pm

Financial

Euro zone bond yields dip, traders eye Middle East tensions

LONDON: Euro zone bond yields dropped on Thursday as traders weighed the impact of the previous day’s soft U.S....

Published 12 Jun, 2025 01:13pm

Stocks

Major Gulf markets retreat on geopolitics

Major stock markets in the Gulf fell in early trade on Thursday amid uncertainty following the U.S. decision to...

Published 12 Jun, 2025 12:54pm

Stocks

European shares tumble as trade, geopolitical tensions mount

European shares dropped on Thursday, in their fourth straight session of declines, as trade optimism stemming from...

Published 12 Jun, 2025 12:52pm

Commodities

Palm rises on bargain buying, Chicago soyoil

JAKARTA: Malaysian palm oil futures rebounded on Thursday after two straight sessions of losses, supported by...

Published 12 Jun, 2025 12:14pm

Commodities

India’s palm oil imports in May rise over 84% m/m, trade body says

India’s palm oil imports in May rose 84% from April to 592,888 metric tons, the Solvent Extractors’ Association of...

Published 12 Jun, 2025 12:01pm

Forex

South African rand edges higher before mining data

JOHANNESBURG: The South African rand edged higher in early trade on Thursday, ahead of the release of local mining...

Published 12 Jun, 2025 11:59am

Commodities

London copper rises; volatility fears linger

SINGAPORE: London copper prices inched up on Thursday, though analysts expect continued volatility amid persistent...

Published 12 Jun, 2025 11:41am

Commodities

Japanese rubber futures dip on weak demand

BEIJING: Japanese rubber futures dropped on Thursday, snapping two sessions of gains, as weak demand and tariff...

Updated 12 Jun, 2025 03:12pm

Commodities

Gold climbs on rising Middle East tensions, weaker dollar

Gold prices rose on Thursday, bolstered by rising tensions in the Middle East and a weaker dollar, while...

Published 12 Jun, 2025 11:31am

Currency

Rupee posts marginal decline against US dollar

Currency settles at 282.67 against greenback

Updated 12 Jun, 2025 07:02pm

Commodities

Iron ore consolidates, market awaits clarity on Sino-US trade talk progress

BEIJING: Iron ore futures prices were range-bound on Thursday, as investors awaited more details on the trade talks...

Published 12 Jun, 2025 11:19am

Forex

China’s yuan ticks up as US-China trade truce lifts sentiment

SHANGHAI: China’s yuan strengthened against the dollar on Thursday, as the latest trade truce between Washington and...

Published 12 Jun, 2025 11:16am

Financial

Super-long JGB yields rise after weak auction, reversing earlier declines

TOKYO: Long-dated Japanese government bond yields rose briefly on Thursday, reversing earlier declines, following...

Published 12 Jun, 2025 11:13am

Markets

Thai consumer confidence hits 27-month low in May over U.S. tariffs

BANGKOK: Thai consumer confidence dropped for a fourth consecutive month in May, falling to its lowest level in 27...

Published 12 Jun, 2025 11:11am

Commodities

Soybeans dip on US-China trade jitters, benign US weather; wheat firms

BEIJING: Chicago soybeans declined for a second session on Thursday following the U.S.-China trade truce framework,...

Published 12 Jun, 2025 11:04am

Forex

India to tighten remittance rules, bar offshore time deposits, sources say

MUMBAI: India’s central bank plans to tighten rules for overseas remittances by resident Indians, barring them from...

Published 12 Jun, 2025 11:02am

Forex

Indian rupee ends a tad lower, hurt by corporate dollar bids, outflows

MUMBAI: The Indian rupee weakened slightly on Thursday, pressured by corporate dollar demand and likely portfolio...

Updated 12 Jun, 2025 03:17pm

Stocks

South Korean shares continue to rally after President promises reforms

KOSPI closed up 12.99 points, or 0.45%, at 2,920.03

Updated 12 Jun, 2025 01:34pm

Financial

India bond yields dip on value buying, fall in US peers

MUMBAI: Indian government bond yields fell on Thursday amid value buying and a dip in U.S. peers, while traders...

Published 12 Jun, 2025 10:54am

Stocks

Australian shares erase early gains to close lower

Australian shares gave up early advances to close lower on Thursday, as investors booked profits after encouraging...

Updated 12 Jun, 2025 12:56pm

Stocks

Japan’s Nikkei falls as US stock futures decline, firmer yen weighs

TOKYO: Japan’s Nikkei share average fell on Thursday as a stronger yen prompted a sell-off of exporters, while...

Updated 12 Jun, 2025 12:57pm

Stocks

India shares stumble on trade uncertainty, Middle East tensions

Indian shares declined on Thursday as lingering uncertainty around the U.S.-China trade deal and mounting...

Updated 12 Jun, 2025 03:21pm

Stocks

India’s Paytm slumps after government says reports of UPI transaction fees false

Shares of digital payments firm Paytm slumped as much as 10% on Thursday after India’s finance ministry said that...

Published 12 Jun, 2025 10:45am

Stocks

China, Hong Kong stocks fall as initial Sino-US trade optimism wanes

HONG KONG: Stocks in China and Hong Kong traded lower on Thursday, led by declines in the tech sector, as markets...

Updated 12 Jun, 2025 01:59pm

Commodities

Oil prices ease as market assesses Middle East tension

LONDON: Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market...

Updated 12 Jun, 2025 02:27pm

Forex

Dollar slides on easing trade tensions, Fed expectations

SINGAPORE: The dollar slid on Thursday on further signs that U.S. President Donald Trump may adopt a softer stance...

Published 12 Jun, 2025 10:36am

Energy

Pakistani energy consortium signs key agreement with ADNOC

In a key development for Pakistan’s energy sector, a consortium of leading Pakistani oil and gas exploration...

Updated 12 Jun, 2025 04:37pm

Stocks

Late profit-taking wipes out intra-day gains at KSE-100 Index

Benchmark index settles at 124,093.12

Updated 12 Jun, 2025 06:27pm

Industry

Pakistan’s construction industry says concerned at curbs on non-filers

KARACHI: The construction industry has raised serious concerns over proposed financial restrictions for non-tax...

Updated 12 Jun, 2025 11:59am

Industry

Budget to spell doom for Pakistan’s IT industry: P@SHA

KARACHI: Outrightly rejecting the budget 2025-26, IT industry said budget has fatally ignored Pakistan’s IT and...

Updated 12 Jun, 2025 12:00pm

Budget 2025-26

Rs23.27bn tagged for uplift projects

ISLAMABAD: The federal government has proposed Rs23.27 billion budget allocation for development projects for fiscal...

Published 12 Jun, 2025 07:11am

Middle East

IMF team makes first Syria visit since 2009

WASHINGTON: An IMF team visited Syria for the first time since 2009 to take part in efforts to rebuild the economy...

Published 12 Jun, 2025 06:19am

World

US, China reach deal to ease export curbs

WASHINGTON/LONDON: A deal getting the fragile truce in the US-China trade war back on track is done, US President...

Published 12 Jun, 2025 06:18am

Industry

Pakistan govt’s budget steps may hinder cashless economy drive: TOAP

ISLAMABAD: As the government unveils a raft of new taxes on digital transactions and e-commerce in the federal...

Updated 12 Jun, 2025 12:04pm

Stocks

PM hails rising remittances and PSX boost

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday hailed a sharp rise in remittances and record gains in the...

Published 12 Jun, 2025 06:18am

Industry

Seafood export target set at $450m, minister told

ISLAMABAD: The Ministry of Maritimes Affairs has set seafood export target at $450 million this year and a non-tax...

Published 12 Jun, 2025 06:18am

Taxes

Pakistan traders, consumers, politicians reject taxation measures

PESHAWAR: Traders, consumers and politicians have rejected the federal budget and warned that imposition of massive...

Updated 12 Jun, 2025 12:05pm

Industry

Business bodies say budget lacks required incentives to revive struggling industries

LAHORE: Major business bodies have expressed significant reservations about the Federal Budget 2025-26, warning it...

Published 12 Jun, 2025 06:18am

Business & Finance

Budget has failed to provide any relief to agri sector, business community: PBF

KARACHI: The Pakistan Business Forum (PBF) has expressed serious reservations over the federal budget for the fiscal...

Published 12 Jun, 2025 06:18am

Energy

18pc GST on imported solar panels to help attract foreign investment: experts

KARACHI: Industry experts have welcomed the federal government’s decision to impose 18 percent sales tax on...

Published 12 Jun, 2025 06:18am

Industry

Budget 2025-26: ‘Priority is given to defence, interest payments on debt, revenue generation’

KARACHI: The Chairman of National Business Group Pakistan, President of the Pakistan Businessmen and Intellectuals...

Updated 12 Jun, 2025 08:43am

Business & Finance

PSA opposes 18pc GST on imported solar panels

LAHORE: The Pakistan Solar Association (PSA) has voiced strong opposition to the proposed imposition of 18% General...

Published 12 Jun, 2025 06:18am

Industry

APTMA, US CG discuss ways to foster bilateral trade

LAHORE: Kristin K Hawkins, United States Consul General in Lahore, and All Pakistan Textile Mills Association ...

Published 12 Jun, 2025 06:18am

Companies

Air Karachi inks MRO deal with PIA

KARACHI: Air Karachi has signed a maintenance agreement with Pakistan International Airlines (PIA) to acquire...

Updated 12 Jun, 2025 08:40am

Industry

KATI concerned at imposition of 18pc GST on imported solar panels

KARACHI: The President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, has termed the Federal...

Published 12 Jun, 2025 06:18am

Industry

No package given to exporters under URAAN Pakistan: FCCI

FAISALABAD: Expressing his immediate reaction to the Finance Minister’s presentation of the annual budget for...

Published 12 Jun, 2025 06:18am

Industry

PCJCCI president expresses satisfaction over Economic Survey, federal budget

LAHORE: Nazir Hussain, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), appreciated the...

Updated 12 Jun, 2025 08:45am

Money & Banking

Dollar falters as US inflation cools

NEW YORK: The US dollar slid against most major currencies after data showed underlying inflation in the world’s...

Published 12 Jun, 2025 06:18am

Money & Banking

Asian currencies range bound

BENGALURU: Most emerging Asian stock markets rose on Wednesday after US and Chinese officials agreed on a framework...

Published 12 Jun, 2025 06:18am

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 7	377.78
Diesel/Litre / Jun 7	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

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