News Archives for Business & Finance - 2025-06-20

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Business & Finance - 2025-06-20

Markets

SBP injects record high Rs14.3trn in banks for seven days

The State Bank of Pakistan (SBP) has injected a record high Rs14.3 trillion in conventional commercial and...

Published 20 Jun, 2025 10:33pm

Markets

Budget FY25-26: Finance bill still being discussed, says FBR

The Federal Board of Revenue (FBR) on Friday said the Finance Bill 2025 was still being discussed in the National...

Published 20 Jun, 2025 10:20pm

Stocks

UK’s FTSE 100 sees first weekly fall in six; Middle East tensions in focus

Britain’s FTSE 100 snapped a five-week winning streak on Friday, closing out a week marred by a wave of global risk...

Published 20 Jun, 2025 10:03pm

Stocks

European shares edge up as US stalls its Middle East moves

European stocks snapped a three-day losing streak and closed higher on Friday, as investors’ nerves eased following...

Published 20 Jun, 2025 10:01pm

Stocks

Wall Street edges up with Trump’s Middle East decision in focus

Wall Street’s main indexes nudged higher on Friday, tracking strength in global stocks after President Donald Trump...

Published 20 Jun, 2025 08:08pm

Stocks

TSX rises as US delays decision on direct Mideast involvement

Canada’s main stock index rose on Friday, helped by gains in the materials sector, after concerns around immediate...

Published 20 Jun, 2025 08:04pm

Markets

Lucky Cement says ‘unidentified flying object’ hit Iraq plant

Lucky Cement Limited issued on Friday a clarification to the Pakistan Stock Exchange (PSX) to address what it called...

Updated 20 Jun, 2025 10:09pm

Energy

Global LNG: Asian spot LNG prices at 4-month high on supply concerns

LONDON: Asian spot liquefied natural gas (LNG) prices rose to their highest level in four months this week on...

Published 20 Jun, 2025 07:39pm

Business & Finance

EU imposes measures to curb ethanol imports from Pakistan

PARIS: The European Commission has ended tariff preferences for non-fuel ethanol imports from Pakistan, answering EU...

Published 20 Jun, 2025 07:34pm

Pakistan

Pakistan signs $4.5bn loans with local banks to ease power sector debt

KARACHI: Pakistan has signed term sheets with 18 commercial banks for a 1.275 trillion Pakistani rupee ($4.50...

Updated 20 Jun, 2025 10:08pm

Commodities

Copper gains on dollar dip but geopolitical, tariff uncertainty linger

LONDON: Copper prices edged higher on Friday, supported by a slightly softer dollar, although gains were capped by...

Published 20 Jun, 2025 06:31pm

Business & Finance

Govt launches Rs180mn Skardu International Airport upgrade project

The government has formally launched the upgrade project of Skardu International Airport, marking a key milestone in...

Published 20 Jun, 2025 05:20pm

Financial

Indian bond yields end a tad higher on week amid worries over oil surge

MUMBAI: Indian government bond yields ended marginally higher for the week on Friday, as elevated oil prices...

Published 20 Jun, 2025 05:12pm

Europe

Russia signs investment deal with Myanmar, sees offshore oil and gas prospects

ST PETERSBURG: Russia signed an investment agreement with Myanmar on Friday that it said could open up new...

Published 20 Jun, 2025 05:06pm

Companies

Audi could build plant in US to placate Trump, Spiegel reports

BERLIN: Volkswagen’s premium brand Audi could build a plant at a new location in the United States under scenarios...

Published 20 Jun, 2025 04:40pm

Stocks

Financials help Indian shares log weekly gains

Indian equity benchmarks rose on Friday, driven by gains in financials after the central bank eased project...

Published 20 Jun, 2025 04:37pm

Stocks

Sri Lankan shares snap ten weeks of gains

The Sri Lankan benchmark index rose on Friday, boosted by broad-based sectoral gains excluding energy, although...

Published 20 Jun, 2025 04:31pm

Commodities

Palm oil logs sixth weekly gain, highest in two months

KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday, logging a sixth consecutive weekly gain, despite...

Published 20 Jun, 2025 04:29pm

Companies

Adamjee Insurance to divest 6.5% stake in subsidiary

Adamjee Insurance Company Limited (AICL) has announced to divest 6.5% of its shareholding, amounting to 16.25...

Published 20 Jun, 2025 03:53pm

Commodities

Gold price per tola falls Rs1,595 in Pakistan

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

Updated 20 Jun, 2025 06:26pm

Energy

Taxing solar panels to backfire as Pakistan needs time to bolster manufacturing: Experts

Energy experts believe that the imposition of General Sales Tax (GST) on the import of solar panels, regardless of...

Published 20 Jun, 2025 02:17pm

Forex

China’s yuan rises on stronger fixing, weaker dollar outlook

HONG KONG: China’s yuan firmed against the US dollar on Friday as the central bank set the daily fixing stronger and...

Published 20 Jun, 2025 12:13pm

Stocks

Hong Kong stocks set for biggest weekly loss since April on trade, Mideast jitters

SHANGHAI: Hong Kong stocks rebounded on Friday after three sessions of losses but remained on track for their...

Published 20 Jun, 2025 12:11pm

Commodities

Palm oil falls on weak demand; set for sixth weekly gain

KUALA LUMPUR: Malaysian palm oil futures fell on Friday due to weak demand in key markets, although the contract was...

Published 20 Jun, 2025 12:08pm

Mutual Funds

Euro zone yields on track for a weekly drop, Middle East in focus

Euro zone government bond yields were on track for a weekly decline as the Israel-Iran air war entered its eighth...

Published 20 Jun, 2025 11:59am

Business & Finance

Pakistan to lease ships for PNSC to curb $4bn forex drain

In a bid to save much-needed foreign exchange, Prime Minister Shehbaz Sharif on Friday directed authorities to lease...

Updated 20 Jun, 2025 08:52pm

Forex

Australia, NZ dollars steady after setback, geopolitics a drag

SYDNEY: The Australian and New Zealand dollars found some footing on Friday as the Israel-Iran conflict continued...

Published 20 Jun, 2025 11:15am

Stocks

Japan’s Nikkei trades lower as uncertainties in Middle East conflict weigh

TOKYO: Japan’s Nikkei share average reversed early gains to trade lower on Friday as geopolitical risks surrounding...

Published 20 Jun, 2025 11:14am

Stocks

Australian shares set for first weekly drop in six as Middle East conflict weighs

Australian shares fell to a two-week low in early trade on Friday, poised to snap a five-week winning streak, as...

Published 20 Jun, 2025 11:12am

Commodities

Chicago wheat slips as harvest pressure sets in; soybeans set for weekly gain

BEIJING: Chicago wheat futures pulled back on Friday after a pre-holiday short-covering rally in the US, as harvest...

Published 20 Jun, 2025 11:09am

Mutual Funds

India bond yields may rise before debt supply, oil worries persist

MUMBAI: Indian government bond yields are expected to continue their uptrend in opening deals on Friday, ahead of...

Published 20 Jun, 2025 11:08am

Stocks

Indian markets set for muted open as Middle East tensions spur caution

India’s equity benchmarks are poised for a subdued start on Friday, in line with broader Asian markets, as...

Published 20 Jun, 2025 11:06am

Markets

Gold heads for weekly fall as fewer Fed rate cut prospects weigh

Gold prices fell on Friday and were on track for a weekly decline, as an overall stronger dollar and the prospect of...

Published 20 Jun, 2025 10:50am

Forex

Dollar set to finish week on upbeat note buoyed by safe-haven appeal

The dollar was set to log its biggest weekly rise in over a month on Friday, as uncertainties about a raging war in...

Published 20 Jun, 2025 10:42am

Energy

Oil prices fall as US delays decision on direct Iran involvement

SINGAPORE: Oil prices fell on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran...

Updated 20 Jun, 2025 06:37pm

Stocks

Stocks struggle, oil up for 3rd week as Trump weighs US action on Iran

SYDNEY: Share markets in Asia struggled for direction on Friday as fears of a potential US attack on Iran hung over...

Published 20 Jun, 2025 10:34am

Business & Finance

UniCredit CEO says likely to withdraw offer for Banco BPM

ROME: The chief executive of UniCredit said in a newspaper interview on Friday the Italian bank was likely to...

Published 20 Jun, 2025 10:25am

Currency

Rupee registers marginal decline against US dollar

Currecy settles at 283.70 against US dollar

Updated 20 Jun, 2025 06:53pm

Stocks

KSE-100 Index closes flat after volatile trading

The Pakistan Stock Exchange (PSX) witnessed volatile trading on Friday, as its benchmark KSE-100 Index swayed in...

Updated 20 Jun, 2025 10:09pm

Industry

Business activities indispensable for economic stability: governor

LAHORE: Governor Punjab Sardar Saleem Haider Khan said that the business community is the backbone of the ...

Published 20 Jun, 2025 07:58am

Pakistan

Dar discusses challenges facing power sector

ISLAMABAD: Deputy Prime Minister Ishaq Dar presided over a high-level meeting to discuss challenges facing the power...

Published 20 Jun, 2025 07:52am

Money & Banking

Dollar holds steady

LONDON: The dollar edged up on Thursday as the threat of a broader Middle East conflict loomed over markets, while a...

Published 20 Jun, 2025 07:33am

Pakistan

CBD Punjab attracts Rs2.288bn through plot auction

LAHORE: The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District...

Published 20 Jun, 2025 07:32am

Industry

Import of 250,000MT raw sugar: policy to be submitted to Cabinet

ISLAMABAD: A high-level meeting has decided to submit the policy for the import of 250,000MT raw sugar to the ...

Published 20 Jun, 2025 07:30am

Technology

International travellers: Kaspersky launches new connectivity solution

ISLAMABAD: A global cybersecurity company on Thursday introduced a new connectivity solution for international...

Published 20 Jun, 2025 07:27am

Industry

PPA opposes ‘draconian powers’ to tax officials

ISLAMABAD: Pakistan Poultry Association (PPA) has expressed serious concern that tax authorities are being given...

Published 20 Jun, 2025 07:13am

Business & Finance

Finance Bill 2025–26: Salaried class demands substantial relief

KARACHI: With deep concern and in the spirit of national responsibility, representatives of Pakistan’s salaried...

Published 20 Jun, 2025 07:05am

Industry

TDAP, KCCI hold seminar on ‘Int’l Standards, Labelling & Packing’

PESHAWAR: The Trade Development Authority of Pakistan (TDAP) Peshawar, in collaboration with the Khyber Chamber of...

Published 20 Jun, 2025 06:56am

Taxes

Experts urge FBR to broaden tax base to meet FY26 target

ISLAMABAD: Experts recommended that Federal Board of Revenue (FBR) needs to increase the tax base to achieve revenue...

Published 20 Jun, 2025 06:20am

Business & Finance

Minister, Chinese delegation discuss projects under CPEC Phase-2

ISLAMABAD: A senior Chinese delegation, Thursday, discussed development projects under the China-Pakistan Economic...

Published 20 Jun, 2025 06:20am

Business & Finance

Corridor linking Kazakhstan, Uzbekistan dry ports with Pakistan seaports proposed

ISLAMABAD: Pakistan has suggested developing a trade corridor, linking Kazakhstan and Uzbekistan’s dry ports with...

Published 20 Jun, 2025 06:20am

Business & Finance

PM heaps praise on World Bank country director

ISLAMABAD: In a sendoff dripping with praise, the World Bank’s outgoing Pakistan boss Najy Benhassine on Thursday...

Published 20 Jun, 2025 06:20am

Industry

Tax officials’ new powers: FPCCI mulling moving the court

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has unequivocally rejected the new...

Updated 20 Jun, 2025 07:02am

Budget 2025-26

Punjab budget: $428.54m foreign-funded uplift projects included

LAHORE: Foreign-funded development projects of USD 428.54 million have been included in Punjab budget for FY ...

Updated 20 Jun, 2025 07:01am

Business & Finance

SPIEF 2025: Minister highlights country’s mining sector reforms

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik presented the country’s transformative mining sector...

Published 20 Jun, 2025 06:20am

Business & Finance

‘Palm oil remains cornerstone of Pakistan’s edible oils and fats sector’

KARACHI: Palm oil remains a cornerstone of Pakistan’s edible oils and fats sector, supporting food security,...

Published 20 Jun, 2025 06:20am

Business & Finance

Iran adapts to maintain oil exports during conflict: trackers

LONDON: Iran is maintaining crude oil supply by loading tankers one at a time and moving floating oil storage much...

Published 20 Jun, 2025 06:20am

Business & Finance

National Electric Vehicle Policy 2025–30 launched

ISLAMABAD: The government has officially launched the National Electric Vehicle (NEV) Policy 2025–30, aiming to...

Published 20 Jun, 2025 06:20am

Business & Finance

Forex reserves cross $17bn mark

KARACHI: Pakistan’s total liquid foreign exchange reserves crossed the $17 billion mark by the end of last week,...

Published 20 Jun, 2025 06:20am

Technology

Ministry aims to boost IT exports to $15bn by 2029: Shaza

ISLAMABAD: Minister for Information Technology and Telecommunication Shaza Fatima Khawaja said her ministry was...

Updated 20 Jun, 2025 07:24am

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Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

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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