News Archives for Business & Finance - 2025-06-25

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Business & Finance - 2025-06-25

Markets

Telenor Group awaits approvals for PTCL acquisition of Telenor Pakistan, Orion Towers

ISLAMABAD: Telenor Group is still anticipating receiving the required approvals regarding the Pakistan...

Published 25 Jun, 2025 10:15pm

Money & Banking

Trump says he is considering three or four candidates for next Fed chair

THE HAGUE: President Donald Trump called Federal Reserve Chair Jerome Powell “terrible” and said he knows three or...

Published 25 Jun, 2025 08:55pm

Money & Banking

Fed’s Collins says rate cuts later this year are possible

NEW YORK: Federal Reserve Bank of Boston President Susan Collins said on Wednesday she’s leaning toward the central...

Published 25 Jun, 2025 08:16pm

Money & Banking

Pakistan banking sector backs federal budget for FY2025-26

ISLAMABAD: The Pakistan Banks Association (PBA) has expressed full support for the federal budget 2025–26,...

Published 25 Jun, 2025 06:18pm

Business & Finance

UAE fintech market set to hit $5.71 billion by 2029

Dubai dominates fintech sector with over 62% firms housed in city

Updated 25 Jun, 2025 09:58pm

Companies

Amtex Textile Limited announces sale of two lands to pay off debt

Amtex Textile Limited announced on Wednesday the sale of two lands to pay off its debt. The company, in its notice...

Published 25 Jun, 2025 04:02pm

Technology

Symmetry Group launches Pakistan’s first generative AI creative studio

Symmetry Group Limited has officially launched Pakistan’s first generative AI creative studio. “AffairStudio.ai is...

Updated 25 Jun, 2025 10:29pm

Business & Finance

Reciprocal tariffs: Pakistan, US agree to wrap up negotiations next week

Finance Minister Muhammad Aurangzeb holds virtual meeting with US Commerce Secretary Howard Lutnick

Updated 25 Jun, 2025 11:05pm

Business & Finance

PM pledges tax cuts on farm inputs, boost to agritech

Prime Minister Shehbaz Sharif on Wednesday pledged to reduce taxes on agricultural inputs and promote investment in...

Published 25 Jun, 2025 02:29pm

Bullion Rate

Gold price per tola gains Rs300 in Pakistan

Gold prices in Pakistan increased on Wednesday in line with their rise in the international market. In the local...

Updated 25 Jun, 2025 02:17pm

Technology

Tesla sales skid in Europe in May despite EV rebound

PARIS: Tesla sales sank again in Europe last month as rising competition and Elon Musk’s ties to US President Donald...

Published 25 Jun, 2025 12:59pm

Companies

Barrick, Komatsu ink $440mn deal for Pakistan’s Reko Diq mines

Canadian mining giant Barrick Gold Corporation, operator of the Reko Diq Mining joint venture, has finalised a $440...

Updated 25 Jun, 2025 08:05pm

Exchange

Rupee inches up against US dollar

Currency settles at 283.72 against US dollar

Updated 25 Jun, 2025 09:16pm

Business & Finance

World Bank approves $194mn to support education & access to water in Balochistan

ISLAMABAD: The World Bank Board of Executive Directors on Tuesday approved $194 million for two projects to enhance...

Updated 25 Jun, 2025 10:39pm

Energy

Pakistan’s power generation increases 21% in May

Power generation in Pakistan clocked in at 12,755 GWh in May 2025, an increase of over 21% MoM compared to the...

Published 25 Jun, 2025 11:46am

Stocks

Australian shares flat as banks offset mining drag; inflation data eyed

Australian shares were largely unchanged on Wednesday as a rise in banks offset a drag in miners and energy stocks,...

Published 25 Jun, 2025 11:46am

Stocks

Automakers boost South Korean shares higher

The benchmark KOSPI added 12.43 points, or 0.4%, to 3,116.07

Published 25 Jun, 2025 11:43am

Commodities

Chicago soy rises on oil rebound; wheat, corn fall on ample supply outlook

BEIJING: Chicago soybean and soyoil futures edged higher on Wednesday, supported by a rebound in oil prices as...

Published 25 Jun, 2025 11:40am

Forex

Thai baht/US dollar little changed on Wednesday

The baht was 0.03% lower at 32.61 versus the dollar

Published 25 Jun, 2025 11:33am

Commodities

Copper edges higher on softer dollar, tentative Middle East truce

SINGAPORE: Copper prices on the London Metal Exchange and the Shanghai Futures Exchange edged higher on Wednesday,...

Published 25 Jun, 2025 11:31am

Commodities

Palm oil rises on stronger crude, Chicago soyoil

KUALA LUMPUR: Malaysian palm oil futures inched higher on Wednesday, snapping losses from the previous session,...

Published 25 Jun, 2025 11:28am

Stocks

Japan’s Nikkei slips as US futures fall, investors eye Israel-Iran ceasefire

TOKYO: Japan’s Nikkei share average inched lower on Wednesday, weighed down by declines in US stock futures, as...

Published 25 Jun, 2025 11:26am

Forex

Australia, NZ dollars ride risk recovery, rate cut priced in

SYDNEY: The Australian and New Zealand dollars edged higher on Wednesday as a truce in the Middle East seemed to be...

Published 25 Jun, 2025 11:21am

Companies

Mari Energies reappoints Lt-Gen Anwar Ali (retd) as chairman

The Board of Directors (BoD) of Mari Energies Limited, formerly known as Mari Petroleum Company Limited (MARI), has...

Published 25 Jun, 2025 11:19am

Technology

OpenAI CEO Altman says he has spoken with Microsoft CEO Nadella, NYT reports

OpenAI chief executive Sam Altman had a call with Microsoft CEO Satya Nadella on Monday and discussed their future...

Published 25 Jun, 2025 11:16am

Mutual Funds

Philippines raises $618 million in T-bonds

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of reissued 2028 and 2050...

Published 25 Jun, 2025 11:15am

Commodities

Some Japan buyers agree to pay Q3 aluminium premium of $108/T

TOKYO: Some Japanese aluminium buyers have agreed to pay global producers a premium of $108 per metric ton over the...

Published 25 Jun, 2025 11:14am

Mutual Funds

India’s 5-year bond yield leads rise on RBI’s cash withdrawal plan

MUMBAI: Indian government bond yields rose in early deals on Wednesday, led by an uptick in the five-year yield, as...

Published 25 Jun, 2025 11:11am

Stocks

China, HK stocks rise as Middle East truce lifts sentiment

SHANGHAI: Mainland China and Hong Kong stocks edged higher on Wednesday as global sentiment improved following a...

Published 25 Jun, 2025 11:09am

Forex

China’s yuan hovers near one-month high on Mideast ceasefire optimism

HONG KONG: China’s yuan edged higher against the US dollar on Wednesday, nearing its strongest level in a month, as...

Published 25 Jun, 2025 11:08am

Commodities

Iron ore extends decline on rise in supplies, off-season demand woes

SINGAPORE: Iron ore futures prices fell for a second straight session on Wednesday, as increased shipments from...

Published 25 Jun, 2025 11:07am

Mutual Funds

Vietnam raises $532 million in government bond auction, highest since March 19

HANOI: Vietnam’s State Treasury raised 13.9 trillion dong ($532 million) in a weekly government bond auction on...

Published 25 Jun, 2025 11:06am

Stocks

Buying rally continues, KSE-100 settles with over 500 points gain

A day after gaining over 6,000 points, the buying rally continued at the Pakistan Stock Exchange (PSX), with the...

Updated 25 Jun, 2025 10:01pm

Forex

Indian rupee to hold above 86 as safe haven premium in dollar erodes

MUMBAI: The Indian rupee is expected to open higher on Wednesday, sustaining its rally past the 86 level, supported...

Published 25 Jun, 2025 08:33am

Markets

Gold firms as dollar, yields slip; markets watch Israel-Iran truce

Gold firmed on Wednesday as the U.S. dollar and Treasury yields retreated, while market participants monitored the...

Published 25 Jun, 2025 08:30am

Stocks

Indian equity benchmarks to open higher tracking positive global cues

India’s benchmark indexes are likely to open higher on Wednesday, tracking positive cues from global equities on...

Published 25 Jun, 2025 08:18am

Forex

Dollar stumbles as optimism from fragile Israel-Iran truce lingers

SINGAPORE: The dollar struggled to regain lost ground on Wednesday as investors who have been starved of good news...

Published 25 Jun, 2025 08:06am

Stocks

Asia markets stabilise, dollar droops following Middle East truce

TOKYO: Asian stocks stabilised on Wednesday as crude oil hovered near multi-week lows as a ceasefire between Israel...

Published 25 Jun, 2025 08:03am

Energy

Oil prices gain on signs of strong US demand

NEW YORK: Oil prices rose over 1% on Wednesday, recovering from a sharp slide early this week, as data showed...

Updated 25 Jun, 2025 09:48pm

Industry

TDAP officials meet PFMA delegation

LAHORE: Chief Executive of the Trade Development Authority of Pakistan (TDAP), Faiz Ahmad, met with a high-level...

Published 25 Jun, 2025 07:06am

Companies

Lahore–Islamabad Motorway: BYD, HUBCO Green and PSO expand NEV charging network

KARACHI: BYD Pakistan – Mega Motor Company (MMC), HUBCO Green (HGL), and Pakistan State Oil (PSO) jointly unveiled...

Published 25 Jun, 2025 06:51am

Companies

Digital supply chain finance solution: UBL and CashNow join hands

KARACHI: UBL has entered into a strategic alliance with CashNow, a leading fintech platform, to revolutionize supply...

Published 25 Jun, 2025 06:48am

Business & Finance

‘Pakistan needs to align fiscal, monetary policies’

ISLAMABAD: Former caretaker Commerce Minister, Gohar Ejaz said that Pakistan needs to shift towards export-led ...

Updated 25 Jun, 2025 09:01am

Industry

‘Pakistan, Kenya can open new avenues to enhance trade, investment’

LAHORE: Kenya High Commissioner Lt Gen Peter Mbogo Njiru (Retd) has said that Kenya and Pakistan have a lot of...