News Archives for Business & Finance - 2025-06-24

<<>>

Business & Finance - 2025-06-24

Taxes

FBR extends deadline for electronic integration of sales tax system by one month

ISLAMABAD: The Federal Board of Revenue (FBR) has further extended the deadline up to July 1, 2025 for corporate...

Published 24 Jun, 2025 10:34pm

Markets

Middle East crisis: solar imports in Pakistan could become costlier on increased freight

The cost of solar panel imports was feared to increase in Pakistan if Iran-Israel conflict continued for a longer...

Published 24 Jun, 2025 10:13pm

Business & Finance

Pakistan seeks fourth restructuring of $393.73mn WB-funded higher education project

ISLAMABAD: Pakistan government has requested the World Bank (WB) for restructuring of the Higher Education...

Published 24 Jun, 2025 06:41pm

Money & Banking

US Fed chair to signal no rush for rate cuts despite Trump pressure

WASHINGTON: US Federal Reserve Chair Jerome Powell will tell Congress Tuesday that the central bank can afford to...

Published 24 Jun, 2025 05:46pm

Exchange

Rupee records slight improvement against US dollar

Currency settles at 283.77 against US dollar in inter-bank market

Updated 24 Jun, 2025 09:07pm

Commodities

Gold price per tola falls Rs3,800 in Pakistan

Gold prices in Pakistan decreased significantly on Tuesday in line with their fall in the international market. In...

Published 24 Jun, 2025 04:22pm

Companies

PIA resumes flight operations to Gulf countries following Iran-Israel ceasefire

Pakistan International Airlines (PIA) has resumed its scheduled flight operations to several Gulf destinations...

Updated 24 Jun, 2025 04:26pm

Companies

Ali Asghar Textile Mills denies unusual price movement reports

Ali Asghar Textile Mills Limited (AATM) has dismissed news of unusual price movement. “No matter as such. And no...

Published 24 Jun, 2025 01:31pm

Companies

Pakistan Refinery reappoints Zahid Mir as MD & CEO

The Board of Directors (BoD) of Pakistan Refinery Limited has reappointed Zahid Mir as Chief Executive Officer (CEO)...

Published 24 Jun, 2025 12:01pm

Mutual Funds

De-escalation of Iran-Israel conflict pushes oil down, aids India bond bulls

MUMBAI: Indian government bonds climbed in early deals on Tuesday, following a sharp drop in oil prices, as US...

Published 24 Jun, 2025 11:24am

Commodities

Chicago soybeans rebound after early pressure from weaker soyoil; corn, wheat dip

BEIJING: Chicago soybean futures stabilised after being briefly weighed down by slumping soyoil prices, which fell...

Published 24 Jun, 2025 11:17am

Commodities

Palm oil snaps four-day rally on weaker rival soyoil and crude

JAKARTA: Malaysian palm oil futures snapped a four-session rally on Tuesday, weighed down by rival soyoil at the...

Published 24 Jun, 2025 11:14am

Stocks

Japan’s Nikkei rises after Trump announces Iran-Israel ceasefire

TOKYO: Japan’s Nikkei share average rose on Tuesday as investors’ risk appetite was boosted after US President...

Published 24 Jun, 2025 11:12am

Forex

Australia, NZ dollars back from the brink as risk recovers

SYDNEY: The Australian and New Zealand dollars were up from deep lows on Tuesday as the prospect of an Israel-Iran...

Published 24 Jun, 2025 11:09am

Stocks

Banks, miners lift Aussie stocks; Trump’s Iran-Israel truce announcement boosts sentiment

Australian shares rose on Tuesday, led by gains in banks and miners, as US President Donald Trump’s announcement of...

Published 24 Jun, 2025 11:06am

Business & Finance

National EV Policy: Atlas Honda to launch electric scooter in Pakistan this fiscal year

Says working closely with regulatory bodies to secure permissions and approvals to ensure a smooth rollout

Updated 24 Jun, 2025 10:10am

Stocks

KSE-100 settles with over 6,000 points gain amid ceasefire reports

During trading a one-hour market halt was triggered

Updated 24 Jun, 2025 10:48pm

Business & Finance

Adani’s Mumbai Airport inks $750 million deal with Apollo-led investor group

Mumbai International Airport Ltd, a subsidiary of Adani Airport Holdings, has secured a $750 million investment from...

Published 24 Jun, 2025 08:31am

Markets

Gold at near 2-week low after Trump announces Israel-Iran ceasefire

Gold prices fell to a near two-week low on Tuesday as risk appetite improved after U.S. President Donald Trump said...

Published 24 Jun, 2025 08:27am

Business & Finance

Virgin Australia shares surge 8.3% on trading debut

SYDNEY: Virgin Australia shares opened 8.3% higher on Tuesday after raising A$685 million ($439 million) in an...

Published 24 Jun, 2025 08:13am

Forex

Indian rupee set to rally as crude dives on Israel-Iran de-escalation

MUMBAI: The Indian rupee is poised to climb at open on Tuesday as the plunge in crude oil on fading Middle East...

Published 24 Jun, 2025 08:11am

Stocks

Indian shares set to open higher on ceasefire optimism, weaker oil prices

India’s equity benchmark indexes are expected to open higher on Tuesday, tracking gains in broader Asian markets,...

Published 24 Jun, 2025 08:06am

Forex

Dollar slips in broad risk rally after Trump announces Israel-Iran ceasefire

SINGAPORE: The dollar fell on Tuesday while the Australian and New Zealand dollars rose after U.S. President Donald...

Published 24 Jun, 2025 08:02am

Stocks

Shares rally, oil slumps as Trump announces Iran-Israel ceasefire

SYDNEY: Global shares rallied and the dollar extended declines on Tuesday after U.S. President Donald Trump said...

Published 24 Jun, 2025 07:59am

Energy

Oil prices drop nearly 6% as Israel-Iran ceasefire reduces Middle East supply risk

Brent crude futures fell $4.02, or 5.6%, to $67.46 a barrel

Updated 24 Jun, 2025 11:58pm

Business & Finance

Punjab made substantial investments across key sectors

LAHORE: The Punjab government has made substantial investments across key sectors, including climate change,...

Published 24 Jun, 2025 06:58am

Pakistan

ME crisis poses credible risk of economic disruption to Pakistan: Tola

LAHORE: The ongoing unrest in the Middle East, coupled with Pakistan’s dependence on imported petroleum, poses a...

Published 24 Jun, 2025 06:06am

Money & Banking

Asian currencies slide during vigil over Iran retaliation

BENGALURU: Emerging Asian currencies and equities fell on Monday as fears of retaliation by Iran following US ...

Published 24 Jun, 2025 06:06am

Money & Banking

Dollar falls on dovish Fed comments

NEW YORK: The dollar fell on Monday after Federal Reserve Vice Chair for Supervision Michelle Bowman said that the ...

Published 24 Jun, 2025 06:06am

Industry

PQFTL named ‘fastest growing family Takaful co’

KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) has been honoured with the prestigious title of ‘Fastest growing...

Published 24 Jun, 2025 06:06am

Industry

Turkish CG visits LCCI to explore ways aimed at boosting trade

LAHORE: The Consul General of Turkiye, Durmus Bastug visited the Lahore Chamber of Commerce and Industry on Monday ...

Published 24 Jun, 2025 06:06am

Business & Finance

Textile industry: PHMA, PRGMEA for implementation of budget proposals through FBR’s body

LAHORE: The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) and the Pakistan Readymade Garments...

Published 24 Jun, 2025 06:06am

Industry

PQA: charges cut in half for exporters

ISLAMABAD: The Ministry of Maritime Affairs, Monday, announced cutting port charges at Port Qasim Authority (PQA) by...

Published 24 Jun, 2025 06:06am

Industry

FCCI seeks cut in policy rate to single digit

FAISALABAD: Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI) has expressed...

Updated 24 Jun, 2025 07:25am

Energy

Oil falls 6pc

HOUSTON: Oil prices tumbled $5 a barrel, or over 6%, on Monday after Iran attacked a US military base in Qatar in...

Published 24 Jun, 2025 06:06am

Business & Finance

Truckers demand withdrawal of WHT hike on logistic services

KARACHI: Good transporters while expressing serious concern over the government policies, demanded withdrawal of...

Published 24 Jun, 2025 06:06am

Companies

Ecopack approves 2.03MW solar power project

KARACHI: In a major step towards embracing clean energy solutions, Ecopack Limited, a listed company specialising in...

Published 24 Jun, 2025 06:06am

Industry

All set for ‘Pakistan Chemical Expo’

KARACHI: The Pakistan Chemical Manufacturers Association (PCMA) has formally announced the staging of the Pakistan...

Published 24 Jun, 2025 06:06am

Taxes

PAA urges reversal of WHT hike decision

KARACHI: The Pakistan Advertisers Association (PAA) has strongly criticized the hike in Withholding Tax (WHT)...

Published 24 Jun, 2025 06:06am

Business & Finance

Proposed tariff changes perturb chemical, plastic manufacturers

KARACHI: Pakistan’s chemical and plastic manufacturing sector has sounded the alarm over proposed tariff ...

Published 24 Jun, 2025 06:06am

Companies

MCB Islamic Bank recognised for excellence in promoting Islamic banking

LAHORE: MCB Islamic Bank has been recognised as one of the best-performing banks in conducting activities related to...

Published 24 Jun, 2025 06:06am

World

Russia and Mali sign trade deals, eye nuclear energy cooperation

MOSCOW: Russia signed agreements to bolster trade and economic ties with Mali on Monday and President Vladimir Putin...

Updated 24 Jun, 2025 06:48am

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	377.78
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%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.06 ▲ 1 (14.16%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
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%)
Dewan Automotive Eng. / Jun 5 Dewan Automotive Engineering Limited(DWAE)	29 ▲ 2.64 (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)	66.78 ▼ -7.42 (-10%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.21 ▼ -3.23 (-9.96%)
Fateh Ind. / Jun 5 Fateh Industries Limited(FIL)	166.02 ▼ -14.04 (-7.8%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.10 ▼ -2.55 (-6.27%)
Mandviwala / Jun 5 Mandviwala Mauser Plastic Industries(MWMP)	65 ▼ -4 (-5.8%)
Mughal Energy / Jun 5 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Husein Industries / Jun 5 Husein Industries Limited(HUSI)	34.13 ▼ -1.87 (-5.19%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40 ▼ -2 (-4.76%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	41,992,586 ▲ 0.53
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,990,948 ▲ 0.53
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,639,369 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,329,637 ▼ -0.23
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,800,560 ▲ 0.02
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	21,604,921 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	17,744,957 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,209,572 ▲ 1
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,002,213 ▼ -0.09
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	14,836,146 ▼ -0.86

Most Popular