News Archives for Business & Finance - 2025-06-16

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Business & Finance - 2025-06-16

Business & Economy

Punjab budget for FY2025-26 at a glance

Pakistan’s Punjab government on Monday presented the provincial budget for the financial year 2025-26. A week after...

Published 16 Jun, 2025 10:19pm

Forex

Indian rupee ends nearly flat following choppy trading; forward premiums dip

MUMBAI: The Indian rupee experienced choppy trading before ending nearly flat on Monday as a broad based decline in...

Published 16 Jun, 2025 09:19pm

Stocks

TSX hits new record high as investors shrug off Middle East concerns

Canada’s main stock index hit a new all-time high on Monday, led by gains in information technology stocks, with...

Published 16 Jun, 2025 08:28pm

Stocks

Wall St climbs as oil prices ease, Fed meeting in focus

U.S. stock indexes rose on Monday as oil prices retreated after the Israel-Iran attacks left crude production and...

Published 16 Jun, 2025 07:36pm

Stocks

Gulf markets rebound amid Israel-Iran conflict

Stock markets in the Gulf ended higher on Monday, recovering some of their losses from previous sessions when they...

Published 16 Jun, 2025 06:55pm

USA

Investment flows in 2023 into developing countries at lowest since 2005, World Bank says

WASHINGTON: Foreign direct investment flows into developing economies dropped to $435 billion in 2023, the lowest...

Published 16 Jun, 2025 06:49pm

USA

Trump Organisation enters phone market with $499 Trump Mobile device

NEW YORK: The Trump Organisation launched a self-branded mobile service and a $499 smartphone on Monday, dubbed...

Published 16 Jun, 2025 06:25pm

Stocks

Sri Lankan shares end lower as materials stocks weigh

CSE All-Share Index settled 0.38% lower at 17,360.19

Published 16 Jun, 2025 06:14pm

Business & Finance

Sindh budget draws criticism over fiscal deficit, neglect of Karachi and local governance

The Policy Research and Advisory Council (PRAC) has raised serious concerns over the Sindh government’s budget for...

Updated 16 Jun, 2025 11:30pm

South Asia

India’s unemployment rate rises to 5.6% in May as farm jobs decline post-harvest

NEW DELHI: India’s unemployment rate rose to 5.6% in May from 5.1% in April, partly due to a drop in farm activity...

Published 16 Jun, 2025 05:54pm

Middle East

Riyadh Air orders 25 Airbus A350-1000 jets

PARIS: Saudi startup Riyadh Air signed a deal at the Paris Airshow on Monday to buy 25 Airbus A350-1000 jets, the...

Published 16 Jun, 2025 05:40pm

Forex

Russian rouble strengthens against dollar, tracking higher oil prices

MOSCOW: The Russian rouble strengthened against the U.S. dollar on Monday, following a surge in oil prices due to...

Published 16 Jun, 2025 05:31pm

Africa

Gold mining companies in Ghana, Ivory Coast resist tax hikes, sources say

DAKAR: Gold miners operating in Ghana and Ivory Coast are refusing to comply with tax increases imposed this year,...

Published 16 Jun, 2025 05:27pm

Middle East

Saudi leasing firm AviLease orders 40 Airbus jets

PARIS: Saudi leasing company AviLease placed a firm order for 30 Airbus single-aisle jets and 10 A350 freighters in...

Published 16 Jun, 2025 04:34pm

Forex

Sterling steady on the dollar as Middle East conflict endures, BoE meeting in sight

Sterling was muted against the dollar on Monday ahead of a Bank of England meeting this week, with markets adopting...

Published 16 Jun, 2025 04:26pm

Stocks

India’s equity benchmarks snap two-day losing streak as IT and financials rise

India’s equity benchmarks rose on Monday, clawing back from early range-bound trades as gains in IT and financial...

Published 16 Jun, 2025 04:15pm

Commodities

Copper gains on demand hopes from Chinese data

LONDON: Copper prices rose on Monday after higher consumer spending in China raised hopes of a boost to metals...

Published 16 Jun, 2025 04:12pm

Commodities

Palm ends higher on Chicago soyoil gains

JAKARTA: Malaysian palm oil futures closed higher for the third straight session on Monday, tracking gains in...

Published 16 Jun, 2025 04:09pm

Commodities

Gold price per tola falls Rs700 in Pakistan

Gold prices in Pakistan decreased on Monday in line with their fall in the international market. In the local...

Updated 16 Jun, 2025 04:33pm

Interest Rates

Status quo: MPC keeps policy rate unchanged at 11%

Regional tensions may keep SBP from easing policy further, say analysts

Updated 16 Jun, 2025 10:06pm

Budgets

Budget FY2025-26: Punjab govt presents Rs5.3trn ‘tax-free’ budget

Punjab unveils provincial budget week after federal announcement

Updated 16 Jun, 2025 09:33pm

Stocks

European shares edge higher after weekly declines; Kering jumps

European shares were slightly higher on Monday, after rounding off last week with losses, as some corporate...

Published 16 Jun, 2025 02:25pm

Forex

Kenyan shilling flat versus dollar, LSEG data shows

Commercial banks quoted the shilling at 129.00/129.50

Published 16 Jun, 2025 02:21pm

Stocks

Major Gulf markets rebound amid Iran-Israel conflict

Major stock markets in the Gulf rose in early trade on Monday, recovering some of their losses from previous...

Published 16 Jun, 2025 02:19pm

Business & Finance

India trade deficit in May at $21.88 billion

NEW DELHI: India’s merchandise trade deficit in May narrowed to $21.88 billion, according to government data...

Published 16 Jun, 2025 02:07pm

Companies

Pakgen Power rejects reports of unusual share price increase

Pakgen Power Limited (PKGP) on Monday reports of increase in the prices of the shares of the company. “We...

Published 16 Jun, 2025 01:42pm

Energy

Pakistan sets up crisis committee to oversee fuel prices, supply as Middle East tensions rise

Committee to safeguard Pakistan’s energy security following regional conflict

Updated 16 Jun, 2025 11:28pm

Energy

Middle East conflict slows tanker bookings, lifts rates

SINGAPORE: The costs of chartering tankers to move oil from the Middle East to Asia have climbed and ship bookings...

Published 16 Jun, 2025 12:24pm

Stocks

Energy stocks lift Australian shares; Santos jumps on $18.7bn takeover bid

Australian shares rose in early trade on Monday, buoyed by energy stocks gaining on oil strength as Israel-Iran...

Published 16 Jun, 2025 12:20pm

Business & Finance

ECB has learned its lesson about ills of easy money, de Guindos says

FRANKFURT: The European Central Bank has learned its lesson about aggressive money printing and will pay more...

Published 16 Jun, 2025 12:18pm

Commodities

Chicago soyoil futures hit 18-month high on biofuel mandate, Mideast tensions

BEIJING: Chicago soyoil futures surged to their highest level in nearly 18 months, buoyed by higher-than-expected...

Published 16 Jun, 2025 12:14pm

Forex

Australia, New Zealand dollars vulnerable as Israel-Iran conflict escalates

SYDNEY: The Australian and New Zealand dollars remained vulnerable to declines on Monday as the conflict between...

Published 16 Jun, 2025 12:10pm

Mutual Funds

JGB falls to track US Treasury declines; investors eye BOJ’s tapering plans

TOKYO: Japanese government bonds (JGBs) fell on Monday, tracking declines in US Treasuries on Friday, as investors...

Published 16 Jun, 2025 12:04pm

Business & Finance

Renault boss De Meo quits; report says he will head Gucci-owner Kering

PARIS: Renault CEO Luca de Meo is leaving the French carmaker to pursue a role outside the auto industry, the...

Published 16 Jun, 2025 12:01pm

Business & Finance

Thai Airways to exit debt restructuring programme

BANGKOK: Flag carrier Thai Airways International on Monday said it will exit its debt restructuring programme and...

Published 16 Jun, 2025 11:59am

Mutual Funds

Philippines awards $474mn T-bill offer

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday: BTr...

Published 16 Jun, 2025 11:57am

Business & Finance

Nissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei

TOKYO: Nissan Motor CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault, the...

Published 16 Jun, 2025 11:56am

Commodities

China’s crude steel output falls, keeping industry on track for cuts

BEIJING: China’s crude steel output slipped sharply in May compared to the prior year, surprising analysts and...

Published 16 Jun, 2025 11:53am

Stocks

China, HK stocks flat as investors digest mixed macro data

SHANGHAI: China and Hong Kong stocks held steady on Monday, as investors weighed mixed macroeconomic data and...

Published 16 Jun, 2025 11:50am

Energy

Oil and gas important in times of conflict, Saudi Aramco CEO says

KUALA LUMPUR: The importance of oil and gas can’t be underestimated at times when conflicts occur, something that...

Published 16 Jun, 2025 11:48am

Business & Finance

China’s May factory output slows, retail sales surprisingly upbeat

BEIJING: China’s industrial output rose 5.8% year-on-year in May, slowing from the 6.1% pace in April and missing...

Published 16 Jun, 2025 11:45am

Commodities

Palm rises on higher rival soyoil, crude oil

JAKARTA: Malaysian palm oil futures jumped on Monday, extending gains for three straight sessions, tracking rival...

Published 16 Jun, 2025 11:43am

Commodities

Iron ore ticks higher on firmer China demand; tariff concerns cap rise

SINGAPORE: Iron ore futures prices edged up on Monday as rising crude steel production in top consumer China...

Published 16 Jun, 2025 11:42am

Forex

Thai baht/US dollar weaker on Monday

The baht was 0.25% lower at 32.45 versus the dollar

Published 16 Jun, 2025 11:40am

Commodities

China’s coal output rises 4% year-on-year in May

BEIJING: China’s coal production rose 4% year-on-year in May, official data showed on Monday, as domestic production...

Published 16 Jun, 2025 11:38am

Real Estate

China property investment falls 10.7% yr/yr in January-May

BEIJING: Property investment in China declined 10.7% in the first five months of 2025 from the same period a year...

Published 16 Jun, 2025 11:37am

Energy

Pakistan’s cement sector joins solar wave as Gharibwal doubles down on renewable

Gharibwal Cement Limited has taken a significant step towards sustainable energy consumption with the successful...

Published 16 Jun, 2025 11:36am

Stocks

Japan’s Nikkei rises as weaker yen provides boost to exporters

TOKYO: Japan’s Nikkei share average rose on Monday even as the conflict between Israel and Iran continued, with a...

Published 16 Jun, 2025 11:26am

Forex

China’s yuan flat, economic headwinds cap gains as market eyes annual financial forum

SHANGHAI: China’s yuan steadied against the dollar on Monday, as a firmer-than-expected official guidance fix...

Published 16 Jun, 2025 11:13am

Currency

Pakistan rupee slips to 18-month low against US dollar

Currency settles at 283.17 against greenback

Updated 16 Jun, 2025 08:54pm

Stocks

KSE-100 closes nearly flat after mixed trading

The Pakistan Stock Exchange (PSX) witnessed mixed trading on Monday, with its benchmark KSE-100 Index swaying in...

Updated 16 Jun, 2025 08:44pm

Companies

Pakistan’s Fauji Fertilizer seeks entry into aviation, eyes PIA acquisition

Fauji Fertilizer Company Limited (FFC), one of Pakistan’s largest fertilizer manufacturers, has formally expressed...

Updated 16 Jun, 2025 11:29pm

Stocks

Indian shares set for muted start to week as Middle East conflict dents sentiment

India’s equity benchmarks are set to open little changed on Monday after two straight sessions of losses, as the...

Published 16 Jun, 2025 08:55am

Forex

Indian rupee braces for more losses on oil risks; RBI likely to provide support

MUMBAI: The Indian rupee is set to extend losses at Monday’s open, weighed by fears that the intensifying...

Published 16 Jun, 2025 08:52am

Markets

Gold hits near 2-month high as Middle East conflict boosts safe-haven demand

Gold rose for a fourth straight session to a near two-month high on Monday, as intensified clashes between Israel...

Published 16 Jun, 2025 08:50am

Forex

Dollar inches up as markets on edge over Middle East conflict

The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the...

Published 16 Jun, 2025 08:40am

Stocks

Stocks, dollar show resilience in Asia as oil gains

SYDNEY: Asian markets kept their nerve on Monday and oil prices climbed anew as the conflict between Israel and Iran...

Published 16 Jun, 2025 08:38am

Energy

Oil slips as Israel-Iran strikes spare key energy infrastructure

LONDON: Oil prices edged down onMonday, paring back Friday’s 7% surge, as renewed military strikes by Israel and...

Updated 16 Jun, 2025 05:22pm

Pakistan

Balochistan’s Rs1trn budget to be presented tomorrow

QUETTA: The Balochistan government is scheduled to present its budget for the fiscal year 2025–26 on June 17, with...

Published 16 Jun, 2025 06:57am

Pakistan

HCSTSI irked by meagre allocation for Sukkur-Hyderabad motorway

HYDERABAD: The office-bearers of the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) regretted that...

Published 16 Jun, 2025 06:25am

Energy

Hike in petrol, diesel prices announced

ISLAMABAD: The federal government announ-ced on Sunday a substantial increase in petroleum product prices, effective...

Published 16 Jun, 2025 06:25am

Companies

SMCL extends its financial services to Korangi

HYDERABAD: SAFCO Microfinance Company has extended its financial services to Korangi, Karachi. While inaugurating a...

Published 16 Jun, 2025 06:25am

Business & Finance

Taiwan adds Chinese tech champions to export control list

TAIPEI: Taiwan has added China’s Huawei Technologies and Semiconductor Manufactu ring International Corp (SMIC) to...

Published 16 Jun, 2025 06:25am

Energy

Investors on edge over Israel-Iran conflict, oil price volatility

NEW YORK/GDANSK: Investors were on edge ahead of markets reopening late on Sunday, with risks ranging from ...

Published 16 Jun, 2025 06:25am

Money & Banking

Indian rupee slides

MUMBAI: The Indian rupee posted its worst day in more than a month on Friday after Israeli strikes on Iran’s...

Published 16 Jun, 2025 06:25am

Money & Banking

Russian rouble gains

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

Published 16 Jun, 2025 06:25am

Money & Banking

Sterling drops as Israel’s strikes on Iran boost dollar

LONDON: The pound fell on Friday, in sync with other volatile currencies such as the Australian dollar, after Israel...

Published 16 Jun, 2025 06:25am

Industry

Tashkent-Islamabad: Chambers, business leaders hail direct flight

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) leadership and Chamber of...

Published 16 Jun, 2025 06:25am

Industry

Sindh needs liberal industrial policy: NKATI

KARACHI: Commenting on the Sindh budget, North Karachi Association of Trade and Industry (NKATI) President Faisal...

Published 16 Jun, 2025 06:25am

Companies

HBL’s ‘Agahi Program’ drives agricultural progress in Pakpattan

KARACHI: HBL held the ‘Agahi Program’ for farmers in Pakpattan, Punjab. The event took place at the Dera of HBL...

Published 16 Jun, 2025 06:25am

Energy

Sahiwal coal power plant implementing Nepra’s safety awareness drive

LAHORE: The 1320 MW Sahiwal coal power plant has taken immediate and effective steps to launch a comprehensive...

Updated 16 Jun, 2025 08:40am

Companies

ASCF announces sponsorship deal with Sana and Saif

KARACHI: Amir S. Chinoy Foundation, a non-profit organization and member of the Amir S. Chinoy Group (ASC), proudly...

Published 16 Jun, 2025 06:25am

Industry

FBR’s Budget Anomaly Committee: Businessmen praise LCCI president’s induction

LAHORE: Mian Abuzar Shad, President of the Lahore Chamber of Commerce and Industry (LCCI), has been appointed as a...

Published 16 Jun, 2025 06:25am

Business & Finance

18pc duty on solar panels rejected: FPCCI opposes withdrawal of tax exemptions on merged districts

PESHAWAR: Akbar Khan, Coordinator of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for Khyber...

Updated 16 Jun, 2025 08:38am

Budgets

External fragility calls for policy patience

The Monetary Policy Committee is likely to keep interest rates unchanged today. Market rates suggest a cut—down by...

Published 16 Jun, 2025 06:25am

Business & Finance

Collection of ST on services: KPRA registers 27.3pc growth

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) has registered a growth of 27.3% in collection of Sales Tax...

Published 16 Jun, 2025 06:25am

Business & Finance

Fed set to hold rates steady in the face of Trump pressure

WASHINGTON: The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting...

Published 16 Jun, 2025 06:25am

Business & Finance

Govt increases petrol price by Rs4.80, diesel by Rs7.95 per litre

New prices effective from June 16

Updated 16 Jun, 2025 12:37am

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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