News Archives for Business & Finance - 2025-06-13

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Business & Finance - 2025-06-13

Stocks

European shares tumble as Israel-Iran conflict escalates

European shares closed lower on Friday as Israel’s wide-scale strike against Iran triggered a broad market selloff,...

Published 13 Jun, 2025 09:58pm

Stocks

FTSE 100 pulls back from record as Middle East tensions escalate

London’s FTSE 100 retreated on Friday after closing at a record high in the previous session as Israel’s attacks on...

Published 13 Jun, 2025 09:56pm

Business & Economy

Sindh budget for FY2025-26 at a glance

The Sindh government announced its budget for the financial year 2025-26 on Friday, with Chief Minister Murad Ali...

Published 13 Jun, 2025 09:27pm

Business & Finance

Detailed comments on Sales Tax

Published 13 Jun, 2025 08:46pm

Stocks

Wall Street falls as Israel-Iran conflict hits risk appetite

Wall Street’s main indexes fell on Friday after Israel’s deadly strike on Iranian nuclear facilities inflamed...

Published 13 Jun, 2025 08:23pm

Stocks

TSX falls as Israel’s strikes on Iran dampen risk appetite

Canada’s main stock index declined on Friday, dragged down by losses in technology shares, as Israel’s widescale...

Published 13 Jun, 2025 08:17pm

Business & Economy

IFC to provide $400mn loan for Pakistan’s copper-gold Reko Diq mine

ISLAMABAD: The International Finance Corporation will provide a $400 million subordinated loan for Pakistan’s Reko...

Updated 13 Jun, 2025 09:33pm

Business & Finance

KP govt presents Rs2.12trn surplus budget 2025-26 with no new tax

Finance Minister Aftab Alam announces 10% increase in salary, 7% pension

Published 13 Jun, 2025 08:01pm

Business & Economy

Budget FY2025-26: Sindh announces to expand sales tax to all major services

The Sindh government has announced to tax “all services” excluding essential and social services, aiming to “expand...

Published 13 Jun, 2025 08:00pm

Stocks

Sri Lankan shares decline as IT leads losses; logs tenth weekly gain

CSE All-Share Index fell 1.3% to 17,434.33

Published 13 Jun, 2025 07:16pm

Commodities

Gold price per tola gains Rs4,600 in Pakistan

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

Published 13 Jun, 2025 07:05pm

Commodities

Wheat up 2-5 cents, corn down 1-3 cents, soy up 2-5 cents

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

Published 13 Jun, 2025 07:04pm

Business & Economy

Sindh govt presents Rs1.02trn Annual Development Programme for FY2025-26

Sindh Chief Minister Syed Murad Ali Shah, while unveiling the annual budget in the assembly, presented the Annual...

Published 13 Jun, 2025 05:38pm

Energy

Global LNG: Asian spot prices gain on geopolitical tensions, rising temperatures

SINGAPORE: Asian spot liquefied natural gas (LNG) prices saw gains this week as rising temperatures in the northeast...

Published 13 Jun, 2025 05:32pm

Forex

Russian rouble gains as oil prices jump on Middle East tensions

The rouble gained against the dollar on Friday, supported by a sharp jump in prices for oil, Russia’s main export,...

Published 13 Jun, 2025 05:27pm

Technology

Google rejects app store age verification for online content

PARIS: American tech heavyweight Google on Friday reiterated its opposition to verifying the age of a device’s user...

Published 13 Jun, 2025 05:14pm

Business & Finance

Sindh CM Murad presents Rs3.45trn provincial budget for FY2025-26

Sindh Chief Minister Syed Murad Ali Shah presented the provincial budget for the fiscal year 2025-26 on Friday. The...

Updated 13 Jun, 2025 08:56pm

Companies

AstraZeneca signs AI research deal with China’s CSPC for chronic diseases

AstraZeneca has signed an AI-led research agreement with China’s CSPC Pharmaceutical Group worth up to $5.3 billion,...

Published 13 Jun, 2025 04:54pm

World

Airlines suspend flights after Israel strikes

Israel launching widescale strikes against Iran has prompted international airlines to halt flights to the region....

Published 13 Jun, 2025 04:46pm

Markets

Status quo likely as rising oil prices play on SBP’s mind, say analysts

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is expected to hold the key policy rate at...

Published 13 Jun, 2025 04:41pm

Commodities

Rubber rises as oil jumps after Israel launches strikes on Iran

BEIJING: Japanese rubber futures rose on Friday, as Israel’s strikes on Iran sent oil prices soaring and Asian...

Published 13 Jun, 2025 04:34pm

Stocks

Indian benchmarks log weekly losses as Mideast tensions, trade woes rattle sentiment

India’s equity benchmarks declined on Friday and posted weekly losses as Israel’s military strikes on Iran escalated...

Published 13 Jun, 2025 04:26pm

Energy

Energy ministry seeks cabinet nod for fuel levies in line with IMF commitments

The Ministry of Energy (Petroleum Division) has proposed amendments to the Petroleum Products (Petroleum Levy)...

Published 13 Jun, 2025 04:26pm

South Asia

India, China agree to expedite resumption of direct flights as ties improve

India and China have agreed to expedite the resumption of direct air services and step up communication, the two...

Published 13 Jun, 2025 04:23pm

Commodities

Copper, other metals drop as investors shed risk after Israel strikes Iran

LONDON: Prices of copper and other industrial metals fell on Friday, weighed down by a stronger dollar as investors...

Published 13 Jun, 2025 04:17pm

Commodities

Palm oil ends with a five-week streak of gains

JAKARTA: Malaysian palm oil futures closed higher on Friday, tracking soaring crude oil prices and rival edible oils...

Published 13 Jun, 2025 04:15pm

Companies

Bolan Castings extends shutdown as weak demand continues

Bolan Castings Limited (BCL), a subsidiary of Millat Tractors Limited, has decided to extend its temporary...

Published 13 Jun, 2025 03:58pm

Markets

Pakistan set to hold rates as Israel-Iran conflict overshadows growth push

KARACHI: Pakistan’s central bank is expected to hold its policy rate on Monday, a Reuters poll showed, as many...

Updated 13 Jun, 2025 03:11pm

Stocks

UAE markets fall after Israel strikes Iran

DUBAI: Markets in the United Arab Emirates (UAE) fell in early trade on Friday after Israel launched widescale...

Published 13 Jun, 2025 01:29pm

Forex

Kenya’s shilling barely changed versus dollar, LSEG data shows

The shilling traded at 128.90/129.40 per dollar

Published 13 Jun, 2025 12:51pm

Mutual Funds

Pakistan, Israeli and Egyptian dollar bonds slide after Israeli strikes on Iran

LONDON: Long-dated dollar bonds for Pakistan, Israel and Egypt slipped on Friday, and Israel’s shekel tumbled, after...

Published 13 Jun, 2025 12:48pm

Stocks

European shares drop amid caution after Israel’s attacks on Iran

European shares opened sharply lower on Friday after Israel’s attack on Iran dented global risk sentiment and sent...

Published 13 Jun, 2025 12:43pm

Commodities

Copper eases, aluminium up on fundamental support

SINGAPORE: Copper prices edged lower on Friday as market optimism waned after the US-China trade talks, while...

Published 13 Jun, 2025 12:25pm

Technology

Meta finalizes $14.3 billion investment in Scale AI, sources say, poaching CEO Wang

Facebook-owner Meta has finalized the $14.3 billion purchase of a 49% stake in data-labeling startup Scale AI,...

Published 13 Jun, 2025 12:23pm

Commodities

Japan’s May aluminium stocks rise 3.3% m/m, Marubeni says

Aluminium stocks at three major Japanese ports rose to 331,000 metric tons at the end of May, up 3.3% from the...

Published 13 Jun, 2025 12:20pm

Mutual Funds

JGBs rise on safe-haven bets as Israel strikes Iran

TOKYO: Japanese government bonds (JGBs) rose on Friday as investors bought safe-haven assets after Israel said it...

Published 13 Jun, 2025 12:15pm

Forex

China’s yuan slips as Middle East tensions rise

SHANGHAI: China’s yuan eased against the US dollar on Friday, retreating from a more than two-week high reached...

Published 13 Jun, 2025 11:59am

Stocks

China, Hong Kong stocks fall as Israeli strikes on Iran weigh on risk assets

SHANGHAI: Mainland China and Hong Kong stocks slipped on Friday, mirroring losses across regional markets, as...

Published 13 Jun, 2025 11:56am

Business & Finance

Bilal Kayani assumes charge as Minister of State for Finance

Bilal Azhar Kayani has formally assumed the charge of his office as Minister of State for Finance, read a statement...

Published 13 Jun, 2025 11:55am

Mutual Funds

India bond yields hit 5-week high as surging oil prices add to bearishness before auction

MUMBAI: Indian government bond yields hit a five-week high on Friday as higher oil prices and caution before the...

Published 13 Jun, 2025 11:53am

Technology

Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump’s tariffs

NEW DELHI: Nearly all the iPhones exported by Foxconn from India went to the United States between March and May,...

Published 13 Jun, 2025 11:48am

Commodities

Palm rises on crude and rival oils; set for first weekly loss in five

JAKARTA: Malaysian palm oil futures traded higher on Friday, tracking soaring crude oil prices and rival edible oils...

Published 13 Jun, 2025 11:45am

Technology

Tesla upgrades its Model S and X cars in US, raises prices by $5,000

Tesla said on Thursday it upgraded its Model S and Model X cars in the US and raised their prices by $5,000,...

Published 13 Jun, 2025 11:36am

Commodities

Iron ore set for weekly loss as Trump’s fresh tariffs on steel weigh

BEIJING: Iron ore futures extended decline for a second consecutive session on Friday, set for a weekly loss, as US...

Published 13 Jun, 2025 10:57am

Commodities

Soybeans rise on oil rally, still on track for weekly loss

BEIJING: Chicago soybeans rose on Friday, buoyed by surging soyoil prices, but remain on track for a weekly loss...

Published 13 Jun, 2025 10:54am

Stocks

Australia shares rangebound; traders assess Middle East escalations

Australian shares were trading in a tight range on Friday as escalating tensions in the Middle East lifted oil...

Published 13 Jun, 2025 10:50am

Forex

Australia, New Zealand dollars tumble as Israel’s strike on Iran hammers global risk

SYDNEY: The Australian and New Zealand dollars tumbled on Friday as Israel’s strike on Iran hammered global stocks...

Published 13 Jun, 2025 10:48am

Stocks

Japan’s Nikkei falls on geopolitical concerns after Israel attacks Iran

TOKYO: Japan’s Nikkei share average fell on Friday, mirroring moves in US stock futures, oil and other stock markets...

Published 13 Jun, 2025 10:45am

Currency

Rupee inches lower against US dollar

Currency settles at 282.96 against the US dollar

Updated 13 Jun, 2025 08:36pm

Stocks

Selling pressure at PSX as geopolitical tensions flare after Israeli strike on Iran

KSE-100 Index closes session down by 1,950 points or 1.57%

Updated 13 Jun, 2025 06:27pm

Business & Finance

Air India crash is the latest test for new Boeing leadership

SEATTLE/BENGALURU: Boeing leadership was back in crisis mode on Thursday following the deadly crash of an Air India...

Published 13 Jun, 2025 08:17am

Forex

Oil spike, risk off on Middle East flare up may drag Indian rupee past 86/USD

MUMBAI: The Indian rupee is expected to slip past 86 to the U.S. dollar at the open on Friday, hit by surging oil...

Published 13 Jun, 2025 08:06am

Stocks

Indian shares set to open lower, tracking Asian peers, after Israel strikes Iran

Indian equities are set to open lower on Friday, tracking declines in Asian markets, after Israel launched military...

Published 13 Jun, 2025 08:02am

Markets

Gold tops 1-month high as Middle East tensions spur safe-haven demand

Gold prices climbed on Friday to their highest point in more than a month, on track for a weekly gain, as investors...

Published 13 Jun, 2025 07:22am

Pakistan

PITB, ISL sign accord to implement PayZen

LAHORE: The Punjab Information Technology Board (PITB) and International School Lahore (ISL) have signed an ...

Published 13 Jun, 2025 07:18am

Stocks

Stocks slide, oil and gold jump after Israel strikes Iran

TOKYO: Stocks dived in early Asian trade on Friday, led by a selloff in U.S. futures, while oil prices jumped after...

Published 13 Jun, 2025 07:17am

Forex

Dollar and other safe havens rise as Israel strikes Iran

The US dollar rallied alongside the safe-haven Japanese yen and Swiss franc, with currency markets abruptly...

Published 13 Jun, 2025 07:15am

Energy

Oil jumps over 7% after Israel strikes Iran

HOUSTON: Oil prices jumped over 7% on Friday to multi-month highs after Israel launched air strikes against Iran,...

Updated 13 Jun, 2025 10:00pm

Industry

Federal budget not beneficial for industrial sector: UBG

KARACHI: United Business Group (UBG) President Zubair Tufail, Core Committee members Malik Khuda Bakhsh, Syed Mazhar...

Published 13 Jun, 2025 07:07am

Industry

Budget: LCCI urges govt to address concerns ahead of NA debate

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to ensure immediate ...

Published 13 Jun, 2025 06:58am

Industry

Finance Bill: FPCCI demands withdrawal of anti-business measures

KARACHI: On behalf of the entire business, industry and trade community of Pakistan Atif Ikram Sheikh, President...

Published 13 Jun, 2025 06:57am

Pakistan

KICT fails to act against theft, cargo mishandling: KCAA

KARACHI: Karachi International Container Terminal Limited (KICT) has reportedly failed to implement effective...

Published 13 Jun, 2025 06:56am

Business & Finance

Key issues in E-Commerce sector discussed

ISLAMABAD: In a high-level meeting held to address key issues in Pakistan’s rapidly expanding E-Commerce sector,...

Published 13 Jun, 2025 05:59am

Money & Banking

Asian currencies: Taiwan dollar, South Korean won lead gains

BENGALURU: The South Korean won and the Taiwan dollar led Asian currencies higher on Thursday, as the US-China trade...

Published 13 Jun, 2025 05:59am

Money & Banking

US dollar sinks as inflation cools

NEW YORK: The dollar slumped on Thursday as weaker-than-expected inflation data suggested the Federal Reserve could...

Published 13 Jun, 2025 05:59am

Industry

Formation of multiple chambers in Karachi: KCCI irked by ‘cold’ response from Senate body

ISLAMABAD: The Karachi Chamber of Commerce and Industry (KCCI) is facing a potential erosion of its influence in...

Updated 13 Jun, 2025 07:15am

Budget 2025-26

Auto sector in Pakistan posts strong growth in 11MFY25; car sales surge 35pc YoY

KARACHI: Pakistan’s automobile sector demonstrated robust growth in the first eleven months of the fiscal year...

Updated 13 Jun, 2025 08:26am

Energy

Khatri slams imposition of GST on imported solar panels

KARACHI: Abdul Shakoor Khatri, prominent industrialist and founding chairman of the All-Pakistan Textile Processing...

Published 13 Jun, 2025 05:59am

Energy

OGDCL announces oil, gas discovery at Faakir-1 Well in Khairpur

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) on Thursday announced a significant oil and gas discovery...

Published 13 Jun, 2025 05:59am

Industry

Industrial organisations: Cyberattacks cause over $1,000,000 financial losses: study

ISLAMABAD: The majority of industrial organizations have estimated their financial losses caused by cyberattacks at...

Published 13 Jun, 2025 05:59am

Pakistan

IHC ruling favours FBR: Leading telecom co to pay Rs22bn

ISLAMABAD: The Islamabad High Court (IHC) has issued a judgement against a leading telecom operator, which would...

Published 13 Jun, 2025 05:59am

Business & Finance

DRAP STRN deregistration case: FTO orders swift conclusion

ISLAMABAD: Federal Tax Ombudsman (FTO) has instructed the Large Taxpayers Office (LTO), Islamabad to promptly...

Published 13 Jun, 2025 05:59am

Business & Finance

Forex reserves see slight increase

KARACHI: The country’s total liquid foreign exchange reserves saw a slight increase of $ 277 million during the...

Published 13 Jun, 2025 05:59am

Industry

Chemical-makers for structural reforms, forward-looking policy framework

LAHORE: The Pakistan Chemical Manufacturers Association (PCMA) has formally expressed its observations regarding the...

Updated 13 Jun, 2025 07:26am

Agriculture and Allied

Budget boosts agri loans, but growth uncertainty remains

LAHORE: While the budget 2025 continues to present agriculture as the backbone of Pakistan’s economy - ...

Updated 13 Jun, 2025 07:24am

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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