News Archives for Business & Finance - 2025-06-27

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Business & Finance - 2025-06-27

Business & Finance

My family tried grocery delivery instead of our weekly grocery trip — here’s what changed

The Sunday grocery routine For years, our family spent every Sunday doing one thing: groceries. It was always the...

Published 27 Jun, 2025 11:15pm

Business & Economy

Gohar blames external fuel shocks for ‘boom and bust cycles’ in 2018, 2022

ISLAMABAD: The boom and bust cycles in the country was caused by the surge in international fuel prices and not by...

Published 27 Jun, 2025 10:36pm

Business & Finance

ECC approves Rs2.63trn in supplementary grants for various ministries, divisions

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday approved 14 summaries seeking...

Published 27 Jun, 2025 09:57pm

Energy

Hindustan Oil Exploration Company halts output in west Indian basin

Hindustan Oil Exploration Company said on Friday it has temporarily suspended production at one of its oilfields in...

Published 27 Jun, 2025 09:29pm

Stocks

India markets regulator says probing ‘pump and dump’ instances

India’s markets regulator said on Friday that it found “incriminating evidence” as a part of its ongoing...

Published 27 Jun, 2025 09:26pm

Stocks

TSX hits record high as investors assess economic data

Canada’s main stock index inched up to an all-time high on Friday, but losses in heavyweight mining shares kept...

Published 27 Jun, 2025 09:02pm

Technology

Cybersecurity company identifies over 7mn ‘compromised accounts’ belonging to Netflix, Prime, others

ISLAMABAD: A cybersecurity company Kaspersky has identified over 7 million compromised accounts belonging to...

Published 27 Jun, 2025 08:58pm

Business & Finance

Commentary on Finance Act, 2025

Published 27 Jun, 2025 08:52pm

Stocks

Wall Street back at records, erasing losses from Trump tariff blitz

NEW YORK: Major US stock indices soared back into record territory Friday, rebounding from a market rout triggered...

Published 27 Jun, 2025 08:44pm

Commodities

Gold price per tola falls Rs5,000 in Pakistan

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

Updated 27 Jun, 2025 06:52pm

Global Business & Economy

How rising US interest rates could cause currency volatility in emerging markets

Market insights by Quoc Dat Tong, Senior Financial Markets Strategist at Exness.

Published 27 Jun, 2025 03:12pm

Companies

Philip Morris accepts buyback price of Rs1,300 for voluntary delisting from PSX

Philip Morris Investments B.V., the majority shareholder of Philip Morris (Pakistan) Limited (PMPK), has accepted...

Updated 27 Jun, 2025 05:02pm

Forex

Sterling keeps climbing on struggling dollar

LONDON: The pound was set for its biggest weekly gain against the dollar in nearly four months on Friday and held...

Published 27 Jun, 2025 02:40pm

Business & Finance

World Bank reaffirms commitment to $40bn CPF with Pakistan

Pakistan and the World Bank reaffirmed their development partnership during high-level consultations in Washington,...

Updated 27 Jun, 2025 09:54pm

Technology

DeepSeek faces expulsion from app stores in Germany

FRANKFURT: Germany has taken steps towards blocking Chinese AI startup DeepSeek from the Apple and Google app stores...

Published 27 Jun, 2025 02:20pm

Companies

JSW strengthens India paints push with $1.6 billion Akzo Nobel unit deal

BENGALURU: JSW Paints will buy Dutch paint maker Akzo Nobel’s Indian arm for about $1.6 billion, in what will be the...

Published 27 Jun, 2025 02:12pm

Money & Banking

State Bank of India likely to tap debt market by Aug via tier II issue, sources say

MUMBAI: State Bank of India is likely to kick off a debt fundraising cycle for state-run lenders in this fiscal year...

Published 27 Jun, 2025 01:53pm

Forex

South Africa’s rand flat, traders eye coalition tension

JOHANNESBURG: The South African rand was largely flat in early trade on Friday after sharp falls a day earlier, with...

Published 27 Jun, 2025 01:45pm

Money & Banking

Bank holiday on Tuesday

The State Bank of Pakistan (SBP) on Friday said it will remain closed on Tuesday, July 1, 2025, which shall be...

Published 27 Jun, 2025 01:43pm

Commodities

Copper prices poised for weekly gain on weaker dollar, tariff concerns

SINGAPORE: London and Shanghai copper prices were poised to log weekly gains on Friday, underpinned by a weaker U.S....

Published 27 Jun, 2025 01:43pm

USA

US says deal with Beijing will expedite rare earth exports from China

WASHINGTON: The United States has reached an agreement with China on how to expedite rare earth shipments to the...

Published 27 Jun, 2025 01:30pm

Stocks

European shares rise on easing US-China trade tensions

European shares rose on Friday as investors assessed signs of easing trade tensions between the United States and...

Updated 27 Jun, 2025 05:17pm

Stocks

Australian shares wipe out early gains as banks drag

Australian shares gave up early gains to close lower on Friday, as losses in heavyweight financials offset a rise in...

Updated 27 Jun, 2025 05:15pm

Stocks

Japan’s Nikkei ends at 6-month high, tracking Wall Street rally

TOKYO: Japan’s Nikkei share average closed at a six-month high on Friday, as technology stocks tracked Wall Street’s...

Updated 27 Jun, 2025 05:13pm

Forex

Indian rupee posts best week in over two years as dollar’s struggles resurface

MUMBAI: The Indian rupee had its best week since January 2023, as an Iran-Israel ceasefire cooled oil prices and...

Updated 27 Jun, 2025 05:11pm

Stocks

South Korean shares fall on profit-taking but post fifth weekly gain

KOSPI closed down 23.62 points, or 0.77%, at 3,055.94

Published 27 Jun, 2025 12:03pm

Commodities

Japan rubber futures log largest weekly gain in 9 months on supply woes

Japanese rubber futures climbed on Friday, posting their biggest weekly gain since last September on weather...

Updated 27 Jun, 2025 01:32pm

Forex

China’s yuan inches lower on weak industrial profit data

HONG KONG: China’s yuan slipped from a seven-month high against the US dollar on Friday, weighed by disappointing...

Updated 27 Jun, 2025 05:08pm

Financial

Indian bond yields inch up ahead of large debt supply

MUMBAI: Indian government bond yields were slightly higher in early deals on Friday, ahead of debt supply due later...

Updated 27 Jun, 2025 04:49pm

Commodities

Iron ore posts largest weekly gain in six on falling inventories

SINGAPORE: Iron ore futures rose on Friday, posting their largest weekly gain since May 16 on falling iron ore and...

Updated 27 Jun, 2025 04:48pm

Commodities

Asia gold: India demand muted despite price correction; buying picks up in China, Singapore

Demand for physical gold in India remained subdued this week despite a correction in prices, as buyers held out for...

Published 27 Jun, 2025 11:32am

Stocks

Asia shares hit over three year high; dollar struggles on Fed concerns

SINGAPORE: Asia shares hit their highest level in more than three years on Friday as they tracked a Wall Street...

Published 27 Jun, 2025 11:27am

Commodities

Safe-haven gold near a one-month low as global tensions ebb

Gold fell more than 1% to its lowest level in nearly a month on Friday due to easing geopolitical and trade tensions...

Updated 27 Jun, 2025 04:46pm

Commodities

Thai rice exports to reach 7.5 million tons target this year, official says

BANGKOK: Thailand’s rice exports will reach a target of 7.5 million metric tons this year as Thai rice is still in...

Published 27 Jun, 2025 11:21am

Stocks

China stocks log best week in nearly two months on financials boost, Mideast truce

SHANGHAI: China stocks edged lower on Friday but posted their strongest weekly gain in nearly two months, led by...

Updated 27 Jun, 2025 04:44pm

Stocks

Financials, metals lift Indian benchmarks to weekly gains as geopolitical, trade fears ease

India’s benchmark indexes closed higher on Friday, with financials and metals stocks lifting them to weekly gains,...

Updated 27 Jun, 2025 04:41pm

Energy

Oil set for steepest weekly decline in two years as risk subsides

HOUSTON: Oil prices rose on Friday but were set for their steepest weekly decline since March 2023, as the absence...

Updated 27 Jun, 2025 09:16pm

Forex

Dollar hovers near 3-1/2-year low as traders wager on US rate cut

SINGAPORE: The U.S dollar wobbled on Friday, hovering near its lowest level in 3-1/2 years against the euro and...

Published 27 Jun, 2025 11:07am

Exchange

Rupee records marginal loss against US dollar

Currency settles at 283.72 against US dollar

Updated 27 Jun, 2025 09:23pm

Stocks

KSE-100 Index hits new record high on budget approval

Bullish sentiment follows federal budget approval

Updated 27 Jun, 2025 06:15pm

Energy

Pakistan Oilfields Limited strikes hydrocarbons in Khyber Pakhtunkhwa

Pakistan Oilfields Limited (POL) on Thursday announced a significant hydrocarbon discovery at the Makori Deep-03...

Updated 27 Jun, 2025 02:03pm

Industry

KCCI slams FBR for its ‘authoritarian’ conduct, ‘indifference’

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI), Muhammad Jawed Bilwani criticised the Federal...