News Archives for Business & Finance - 2025-06-23

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Business & Finance - 2025-06-23

Financial

Indian rupee, bonds under pressure as US strike on Iran deepens Middle East conflict

MUMBAI: The Indian rupee and government bonds are poised to face pressure this week following a U.S. strike on Iran,...

Published 23 Jun, 2025 09:42pm

Forex

Indian Rupee weakens alongside Asian peers, oil pullback cushions losses

MUMBAI: The Indian rupee declined on Monday alongside Asian currencies, as investors turned to safe-havens such as...

Published 23 Jun, 2025 09:39pm

South Asia

India prioritises national interest in US trade talks, trade ministry source says

NEW DELHI: Protecting India’s interest remains “supreme” in bilateral trade talks with the United States, a senior...

Published 23 Jun, 2025 09:33pm

Markets

Bank of England’s Bailey defends bond programme after Reform UK criticism

LONDON: Bank of England Governor Andrew Bailey defended the central bank’s programme of government bond purchases...

Published 23 Jun, 2025 07:28pm

USA

Fed’s Bowman open to cutting rates at July policy meeting

NEW YORK: Federal Reserve Vice Chair for Supervision Michelle Bowman, recently tapped by President Trump as the...

Published 23 Jun, 2025 07:25pm

Commodities

Aluminium hits three-month highs after US airstrikes on Iran

LONDON: Aluminium prices jumped to three-month highs on Monday as U.S. airstrikes on Iran’s nuclear facilities...

Published 23 Jun, 2025 07:18pm

Stocks

Most Gulf markets in black despite regional conflict

Most stock markets in the Gulf ended higher on Monday amid rising oil prices, as investors anxiously waited to see...

Published 23 Jun, 2025 06:17pm

Forex

Sterling at five-week low against dollar as markets mull Middle East risk

LONDON: The pound fell against the dollar on Monday with the greenback benefiting from safe-haven demand as...

Published 23 Jun, 2025 05:38pm

Energy

Saudi Arabia’s crude exports rise to 6.166mn bpd in April

Saudi Arabia’s crude oil exports in April rose to 6.166 million barrels per day (bpd) from 5.754 million bpd in...

Published 23 Jun, 2025 05:31pm

Financial

US investor strikes $1 billion merger to create bitcoin treasury company

BOSTON: US investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury...

Published 23 Jun, 2025 05:26pm

Companies

Air France suspends flights to Tel Aviv until July 14

PARIS: Air France will suspend flights to the Israeli city of Tel Aviv until July 14, a spokesperson said on Monday,...

Published 23 Jun, 2025 05:23pm

Africa

South Africa agrees $1.5bn World Bank loan to upgrade infrastructure

Published 23 Jun, 2025 04:59pm

South Asia

Sri Lanka’s consumer prices rose 0.6% year-on-year in May

Sri Lanka’s consumer prices climbed 0.6% year-on-year last month, official data showed on Monday, after a 0.8%...

Published 23 Jun, 2025 04:49pm

Middle East

Three tankers divert away from Strait of Hormuz amid rising tensions: shipping data

LONDON: Three empty oil and chemical tankers have diverted away from the Strait of Hormuz and changed course, Marine...

Published 23 Jun, 2025 04:46pm

Stocks

Indian equity benchmarks track Asian peers lower on Mideast tensions

India’s equity benchmarks inched lower on Monday, tracking Asian peers, as investors assessed the likelihood of...

Published 23 Jun, 2025 04:36pm

Stocks

Broad-based losses drag Sri Lankan shares lower

CSE All Share index settled down 1.89% at 16,765.4

Published 23 Jun, 2025 04:29pm

Commodities

Palm rises for fourth straight session on firm crude, soft ringgit

KUALA LUMPUR: Malaysian palm oil futures ended higher after reversing earlier losses on Monday, as stronger crude...

Published 23 Jun, 2025 04:26pm

Commodities

Gold price per tola falls Rs300 in Pakistan

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

Published 23 Jun, 2025 04:26pm

Companies

Dost Steels to raise Rs4.45bn via rights issue to fund billet production

Dost Steels Limited, a Pakistani steel manufacturer, plans to raise Rs4.45 billion (USD 15.6 million) through a...

Published 23 Jun, 2025 04:18pm

Companies

Pakistan’s PET bottle maker to install 2MW solar system

Ecopack Limited has taken a significant step towards sustainable energy consumption, announcing plans to install a 2...

Published 23 Jun, 2025 02:39pm

Markets

Aurangzeb unveils new tax measures, targets poultry, mutual funds & govt securities

Finance Minister Muhammad Aurangzeb unveiled new taxation measures, including levies on income generated from mutual...

Updated 23 Jun, 2025 07:59pm

Business & Finance

Digital payments should be made easier than cash: PM Shehbaz

Prime Minister Shehbaz Sharif directed on Monday to make digital transactions cheaper and easier than cash for the...

Published 23 Jun, 2025 02:11pm

Companies

TRG takeover battle: Zia Chishti lands favourable SHC ruling amid mounting financial pressure

TRG Pakistan says assessing legal options

Published 23 Jun, 2025 01:22pm

Technology

Tesla rolls out robotaxis in Texas test

AUSTIN: Tesla deployed a small group of self-driving taxis picking up paying passengers on Sunday in Austin, Texas,...

Published 23 Jun, 2025 12:42pm

Business & Finance

Aluminium outperforms copper on energy cost concerns amid US-Iran tensions

SINGAPORE: Aluminium prices outperformed copper on Monday, with the most-traded contracts on the London and Shanghai...

Published 23 Jun, 2025 12:36pm

Business & Finance

Indonesia central bank to continue interventions in FX markets to ensure rupiah reflect fundamentals, official says

JAKARTA: Indonesia central bank to continue intervening in the foreign currency markets to ensure the rupiah...

Published 23 Jun, 2025 12:34pm

Mutual Funds

India bonds end off lows as oil gives up most gains

MUMBAI: Indian government bonds came off lows to end little changed on Monday as oil prices gave up gains that were...

Updated 23 Jun, 2025 05:35pm

Stocks

South Korean shares off 3-1/2-year high after US strikes on Iran

The benchmark KOSPI lost 19.10 points, or 0.63%, to 3,002.74

Published 23 Jun, 2025 11:40am

Forex

Yuan slips to 3-week low on Iran tensions, HK dollar hits weaker end of band

SHANGHAI: China’s yuan slipped to a three-week low against the dollar on Monday as investors rushed to perceived...

Published 23 Jun, 2025 10:55am

Stocks

Hong Kong stocks edge down as investors eye funding conditions

SHANGHAI: Hong Kong shares were slightly down on Monday, as investors assessed the potential for tighter cash...

Published 23 Jun, 2025 10:54am

Commodities

Soybeans edge higher as soyoil rises on Middle East tensions; corn dips on favourable weather

BEIJING: Chicago soybean futures inched higher on Monday, supported in part by gains in soyoil prices after a US...

Published 23 Jun, 2025 10:53am

Commodities

Palm subdued as strong crude oil, Chicago soyoil counter weak Dalian

KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Monday, as support from stronger Chicago soyoil...

Published 23 Jun, 2025 10:52am

Forex

Australia, New Zealand dollars fall with global stocks after US strikes Iran

SYDNEY: The Australian and New Zealand dollars fell with global stocks on Monday after the US bombed nuclear...

Published 23 Jun, 2025 10:50am

Mutual Funds

JGB prices slip as crude oil spike fans inflation worries

TOKYO: Japanese government bond (JGB) prices slid on Monday, as concerns about the inflationary impact of higher oil...

Published 23 Jun, 2025 10:49am

Commodities

Dalian iron ore hits one-week high on improved near-term China demand

SINGAPORE: Dalian iron ore futures prices touched on Monday their highest levels in more than a week, supported by...

Published 23 Jun, 2025 10:48am

Markets

Gold subdued as dollar gains, markets await Iran response

Gold prices edged lower on Monday as investors favoured the dollar following the US attack on key Iranian nuclear...

Published 23 Jun, 2025 10:46am

Business & Finance

South Korea June 1-20 exports up as US shipments rise despite tariffs

SEOUL: South Korea’s exports for the first 20 days of June rose 8.3% from a year earlier, after falling in May for...

Published 23 Jun, 2025 10:45am

Stocks

Banks, miners drag Aussie stocks lower; Mideast tensions loom

Australian shares slipped on Monday, pressured by banks and miners, as cautious investors braced for possible...

Published 23 Jun, 2025 10:44am

Stocks

Japan’s Nikkei drops on Iran risks but weaker yen limits losses

TOKYO: Japan’s Nikkei share average fell on Monday as US attacks on Iranian nuclear sites fueled risk aversion,...

Published 23 Jun, 2025 10:42am

Currency

Rupee falls further against US dollar

Currency settles at 283.87 against the greenback in inter-bank market

Updated 23 Jun, 2025 04:32pm

Stocks

KSE-100 nosedives nearly 3,900 points as US-Iran tensions spike

Investors wait to see whether Iran will retaliate against US attacks

Updated 23 Jun, 2025 04:59pm

Technology

Xiaomi to unveil prices for new YU7 SUV at June 26 launch

SHANGHAI: Xiaomi’s CEO Lei Jun said on Monday that the firm plans to hold an official launch event for its new YU7...

Published 23 Jun, 2025 08:28am

Stocks

Indian stocks set to slip after US attack on Iran’s nuclear sites

India’s shares are set to open lower on Monday, in line with Asian peers, as investors anxiously wait to see if Iran...

Published 23 Jun, 2025 08:15am

Forex

Indian rupee under fire after US strikes on Iran jolt oil, stoke risk aversion

MUMBAI: The Indian rupee is set to open weaker on Monday, pressured by the rise in crude oil prices and risk-off...

Published 23 Jun, 2025 08:13am

Currency

Bitcoin falls 4% to $99,237

Bitcoin, the world’s largest cryptocurrency by market value, was down by 4.13% at $99,237 at 10:52 a.m. ET (1452...

Published 23 Jun, 2025 08:11am

Energy

Goldman Sachs warns of oil price surge on Strait of Hormuz risks

Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of...

Published 23 Jun, 2025 08:09am

Stocks

Shares slip, oil rises as investors weigh Iran scenarios

SYDNEY: Shares slipped in Asia on Monday and oil prices briefly hit five-month highs as investors anxiously waited...

Published 23 Jun, 2025 08:06am

Forex

Dollar firms as markets brace for Iran response to US attacks

SINGAPORE: The US dollar firmed slightly on Monday as anxious investors sought safety, although the moves were muted...

Published 23 Jun, 2025 07:58am

Energy

Oil falls nearly 4% as Iran’s retaliation focuses on regional US military bases

HOUSTON: Oil prices slipped more than $3, or 4%, on Monday after Iran attacked the U.S. military base in Qatar in...

Updated 23 Jun, 2025 11:10pm

Business & Finance

ICAP says AOB in finance bill may not be appropriate forum

KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) has reviewed the discussions held during the...

Published 23 Jun, 2025 06:29am

Energy

Eco-friendly industries: Minister says investors to be granted tax exemptions

KARACHI: Provincial Minister for Energy, Syed Nasir Hussain Shah, inaugurated the first ENVEREX EV electric car...

Published 23 Jun, 2025 06:24am

Cotton & Textile

Weekly Cotton Review: Market shows signs of stability

KARACHI: The cotton market has shown signs of stability, with business activity also picking up. The spot rate has...

Published 23 Jun, 2025 06:12am

Commodities

Prices of kitchen items in retail market remain high

PESHAWAR: Prices of important kitchen items including vegetables, pulses, live chicken/meat, grocery items and ...

Published 23 Jun, 2025 06:07am

Business & Finance

Mian Zahid urges govt to focus on administrative reforms

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

Published 23 Jun, 2025 06:06am

Energy

Timely completion of energy projects top priority: secy E&P

PESHAWAR: KP Secretary Energy and Power Mohammad Zubair Khan has said that timely completion of the Bala Kot, Lawi...

Published 23 Jun, 2025 06:01am

Industry

FPCCI’s BMP says budget lacks strategy to revive economy

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has raised strong...

Published 23 Jun, 2025 05:45am

Money & Banking

Brazil’s real set for third weekly gain

BRASILIA: The Brazilian real lost ground on Friday but still looked poised to notch its third straight week of gains...

Published 23 Jun, 2025 05:45am

Money & Banking

Sterling gain slightly against dollar

LONDON: Sterling gained slightly against the dollar on Friday but was set for a loss on the week as uncertainty over...

Published 23 Jun, 2025 05:45am

Business & Finance

CDNS collects Rs24bn investment in Islamic finance

ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved the annual collection target of Rs 24...

Updated 23 Jun, 2025 07:38am

Industry

PYMA slams duty structures, policy ambiguities in federal budget

KARACHI: Muhammad Saqib Goodluck, Chairman of The Pakistan Yarn Merchants Association (PYMA), has risen significant...

Published 23 Jun, 2025 05:45am

Industry

HCSTSI lauds ‘food & consumer expo’

HYDERABAD: A delegation of the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), led by acting...

Published 23 Jun, 2025 05:45am

Industry

PAJCCI greets new visa policy for Afghan drivers

PESHAWAR: Senior Vice President Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) Zia-ul-Haq Sarhadi has...

Published 23 Jun, 2025 05:45am

Companies

Air India cuts less than 5pc of narrowbody jet routes

NEW DELHI: Air India said on Sunday it is temporarily reducing less than 5% of its narrowbody jet routes for...

Published 23 Jun, 2025 05:45am

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 5	3.65

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 6	381.78
Diesel/Litre / Jun 6	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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