News Archives for Business & Finance - 2025-07-01

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Business & Finance - 2025-07-01

Money & Banking

Open market: currency dealers aim to double remittance inflows with increased margin in FY26

Currency dealers in the open market have projected to double the inflows of workers’ remittances sent home by...

Published 01 Jul, 2025 10:35pm

Stocks

India’s NSE to open electricity futures trading from July 14

India’s National Stock Exchange (NSE) will open trading of monthly electricity futures from July 14, the bourse...

Published 01 Jul, 2025 09:21pm

Energy

Saudi Arabia raised crude exports in June, Kpler data shows

LONDON: Saudi Arabia’s oil exports jumped to the highest level in more than a year in June as the kingdom shipped...

Published 01 Jul, 2025 09:16pm

Stocks

S&P 500, Nasdaq edge lower on cautious Fed; Trump tax bill in focus

The S&P 500 and Nasdaq indexes inched down on Tuesday as Federal Reserve Chair Jerome Powell stayed cautious on...

Published 01 Jul, 2025 09:05pm

Companies

Top Indian carmakers’ sales slump in June amid weak urban demand

Three of India’s top carmakers together reported lower domestic sales for June, data from the companies showed on...

Published 01 Jul, 2025 08:15pm

Commodities

Wheat up 2-4 cents, corn down 5-7, soy down 8-10

CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago...

Published 01 Jul, 2025 08:06pm

Companies

India orders antitrust probe of Asian Paints after billionaire rival Birla’s complaint

India’s antitrust body on Tuesday ordered a probe into Asian Paints after billionaire Kumar Mangalam Birla’s paints...

Published 01 Jul, 2025 08:00pm

USA

Powell reiterates Fed will wait for more data before cutting rates

SINTRA: U.S. Federal Reserve chair Jerome Powell reiterated the U.S. central bank plans to “wait and learn more”...

Published 01 Jul, 2025 07:56pm

USA

US job openings unexpectedly rise in May, hiring falls

WASHINGTON: U.S. job openings unexpectedly increased in May, but a decline in hiring added to signs that the labor...

Published 01 Jul, 2025 07:53pm

Business & Economy

Pakistan looking to sell excess LNG amid supply glut curbing local gas output: document

KARACHI/SINGAPORE: Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply...

Published 01 Jul, 2025 07:44pm

Commodities

FY25: gold shines with robust 45% return in Pakistan

Gold, considered a hedge during times of uncertainty, gave 45% return to investors in Pakistan in the fiscal year...

Published 01 Jul, 2025 05:59pm

Companies

India’s Bajaj Finserv hikes customer target to 250 million

LONDON: Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next...

Updated 01 Jul, 2025 09:30pm

Stocks

Most Gulf markets retreat ahead of vote on Trump’s tax bill

Most stock markets in the Gulf gave up early gains to close lower on Tuesday, as investors booked profits and turned...

Published 01 Jul, 2025 05:54pm

South Asia

India cabinet approves $11.7bn employment incentives plan to create 35mn jobs

NEW DELHI: India’s federal cabinet on Tuesday approved an employment-linked incentive (ELI) scheme budgeted at 1...

Published 01 Jul, 2025 05:32pm

Money & Banking

Standard Chartered Bank faces $2.7bn lawsuit over alleged role in 1MDB fraud

KUALA LUMPUR: Liquidators trying to recover money from Malaysia’s sovereign wealth fund 1MDB have sued Standard...

Published 01 Jul, 2025 05:19pm

South Asia

Bessent says US trade deal with India is very close

The U.S. and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help...

Updated 01 Jul, 2025 09:11pm

Markets

HSBC raises average gold price forecasts for 2025 and 2026

HSBC raised its 2025 average gold price forecast to $3,215 an ounce from $3,015 and its 2026 forecast to $3,125 from...

Published 01 Jul, 2025 05:07pm

Stocks

IT, healthcare stocks drag Sri Lankan shares lower

CSE All-Share index settled 0.17% lower at 17,996.73

Published 01 Jul, 2025 05:04pm

Financial

India bond yields dip, tracking US Treasury peers, oil prices

MUMBAI: Indian government bond yields eased on Tuesday, in line with their U.S. Treasury peers and lower oil prices,...

Published 01 Jul, 2025 05:01pm

Europe

Switzerland faces downside risks if full US tariffs bite, IMF says

BERN: The Swiss economy faces significant downside risks if the country is hit by the full force of looming U.S....

Published 01 Jul, 2025 04:49pm

Forex

Sterling firms to three-year peak, focus on welfare bill vote

Sterling neared a three-year high on Tuesday, aided by a broad dollar weakness, as uncertainty about the health of...

Published 01 Jul, 2025 04:44pm

Companies

NLC – Pakistan’s largest fleet now fueled by TAJ GASOLINE

Taj Gasoline is proud to announce its nationwide fueling partnership with National Logistics Cell (NLC),...

Updated 01 Jul, 2025 06:38pm

Stocks

India’s equity benchmarks muted as Reliance Industries offsets broader losses

India’s benchmark indexes ended flat on Tuesday, as gains in heavyweight Reliance Industries on solar business...

Published 01 Jul, 2025 04:30pm

Commodities

Copper hits three-month high on stronger China data

LONDON: Copper prices hit three-month highs on Tuesday as growing optimism about demand in top consumer China...

Published 01 Jul, 2025 04:27pm

Commodities

Palm slips on weak soyoil and crude, lack of fundamental signals

JAKARTA: Malaysian palm oil futures closed lower for the second straight session on Tuesday, tracking soyoil...

Published 01 Jul, 2025 04:24pm

Commodities

Gold price per tola jumps Rs6,600 in Pakistan

Gold prices in Pakistan continued to increase on Tuesday in line with their gain in the international market. In the...

Updated 01 Jul, 2025 09:41pm

Markets

Inflation in Pakistan rises to 3.2% in June 2025

CPI inflation average during FY25 stands at 4.49%

Updated 01 Jul, 2025 07:05pm

Companies

Highnoon appoints Tariq Wajid as chairman

Highnoon Laboratories Limited announced on Tuesday the appointment of Tariq Wajid (Independent Director) as new...

Published 01 Jul, 2025 01:59pm

Mutual Funds

JGBs rise after strong auction for 10-year bonds

TOKYO: Japanese government bonds rose following strong demand at an auction for 10-year bonds, prompting investors...

Published 01 Jul, 2025 12:45pm

Mutual Funds

Euro zone bond yields fall before inflation data, ECB forum

LONDON: Euro zone government bond yields fell slightly on Tuesday but remained within their recent range as markets...

Published 01 Jul, 2025 12:40pm

Business & Finance

Renault to report $11.2 billion loss on Nissan stake in first half

PARIS: French carmaker Renault said on Tuesday it will report an extraordinary loss of about 9.5 billion euros...

Published 01 Jul, 2025 12:36pm

Industry

Gwadar Port: govt announces new shipping lines, ferry service to GCC

The Ministry of Maritime Affairs on Tuesday unveiled a strategic plan to expand Gwadar Port’s operational capacity...

Updated 01 Jul, 2025 10:00pm

Commodities

Palm falls on weak rival oils and crude, lack of fundamental signals

JAKARTA: Malaysian palm oil futures extended losses for the second straight session on Tuesday, tracking weaknesses...

Published 01 Jul, 2025 12:34pm

Business & Finance

India to finalise interim trade deal with US as early as this week, FT reports

India is on track to finalise an interim trade agreement with the US as soon as this week, the Financial Times...

Published 01 Jul, 2025 12:32pm

Stocks

European shares edge higher; investors eye trade developments

European shares nudged higher on Tuesday, while uncertainty around trade deals remained a drag on sentiment. The...

Published 01 Jul, 2025 12:29pm

Companies

Mari Energies completes tax compliance on 800% bonus shares

Mari Energies Limited, one of Pakistan’s largest E&Ps, has completed the tax compliance process related to its...

Published 01 Jul, 2025 12:20pm

Business & Finance

Asian factories hobbled by US tariff risks despite modest relief

TOKYO: Factory activity in many Asian economies shrank in June as U.S. tariff uncertainty kept demand low, but signs...

Published 01 Jul, 2025 12:13pm

Companies

Mari Energies, Ghani Chemical join hands for emissions reduction project

In a move aimed at promoting sustainable industrial practices, Mari Energies Limited and Ghani Chemical Industries...

Updated 01 Jul, 2025 10:39pm

Forex

Thai baht/US dollar stronger on Tuesday

The baht was 0.08% higher at 32.45 versus the dollar

Published 01 Jul, 2025 11:24am

Commodities

Corn drops for second session on improved US crop rating; soybeans, wheat down

SINGAPORE: Chicago corn fell on Tuesday, with prices under pressure from a weekly US report showing robust crop...

Published 01 Jul, 2025 11:22am

Commodities

Copper inches up on weaker dollar; investors watch US trade talks

SINGAPORE: Coppers prices on the London Metal Exchange and the Shanghai Futures Exchange inched up on Tuesday on the...

Published 01 Jul, 2025 11:17am

Markets

Gold rises on weaker dollar, tariff uncertainty before deadline

Gold rose on Tuesday, supported by a weaker dollar and heightened uncertainty over US President Donald Trump’s...

Published 01 Jul, 2025 11:11am

Stocks

Australian shares rise on rate cut hopes, US trade deal optimism

Australian shares began the second half of 2025 on a positive note on Tuesday, supported by gains in gold, real...

Published 01 Jul, 2025 11:08am

Stocks

South Korean shares hit more than 3-year high, tracking Wall Street rally

The benchmark KOSPI added 59.11 points, or 1.92%, to 3,130.81

Published 01 Jul, 2025 11:01am

Forex

Australia, NZ dollars make most of US dollar malaise

SYDNEY: The Australian and New Zealand dollars paused near multi-month peaks on Tuesday after clearing another set...

Published 01 Jul, 2025 10:57am

Stocks

Nikkei falls after sharp gains as US-Japan trade talk weighs

TOKYO: Japan’s Nikkei share average slipped on Tuesday as investors sold stocks after the index’s sharp gains, and...

Published 01 Jul, 2025 10:53am

Mutual Funds

India bonds up tracking US Treasuries; traders stay guarded

MUMBAI: Indian government bonds rose slightly in early deals on Tuesday, tracking a rise in US Treasuries, but the...

Published 01 Jul, 2025 10:50am

Forex

Indian rupee poised to rise after dollar slumps; importer flows remain in focus

MUMBAI: The Indian rupee is likely to inch up at open on Tuesday, helped by the dollar falling to a fresh multi-year...

Published 01 Jul, 2025 10:48am

Stocks

India shares muted as financials retreat, US trade talks eyed

India’s equity benchmark indexes were flat on Tuesday, as heavyweight financials came off after a four-month rally,...

Published 01 Jul, 2025 10:44am

Forex

Dollar struggles near 4-year lows as Trump’s tax bill and tariffs weigh

SINGAPORE: The US dollar languished at its weakest against the euro since September 2021 on Tuesday, as President...

Published 01 Jul, 2025 10:42am

Stocks

Asian shares rise, dollar weaker as US bill debate lingers; gold jumps

TOKYO: Asian shares crept higher and the dollar languished near multi-year lows on Tuesday as markets awaited a vote...

Published 01 Jul, 2025 10:39am

Energy

Oil rises on signs of strong demand, investors await OPEC+ output decision

NEW YORK: Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also...

Updated 01 Jul, 2025 09:33pm

Stocks

PSX starts FY26 on a positive note, KSE-100 settles at new record high

Rally driven by clarity on budget for FY26

Updated 01 Jul, 2025 10:39pm

Taxes

Vehicles, immovable properties: tax rules set purchase limits

LAHORE: Addition of a new Fifteenth Schedule to the Income Tax Ordinance in the Finance Bill has impacted a number ...

Published 01 Jul, 2025 07:35am

Pakistan

Agenda of sustainable economic progress being implemented: Ahsan

LAHORE: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said on Monday the government...

Published 01 Jul, 2025 07:32am

Industry

High Commissioner of Kenya visits FCCI

FAISALABAD: Lt General Peter Mbogo Nijru (R), High Commissioner of Kenya has appreciated the “Look Africa” ...

Published 01 Jul, 2025 07:26am

Pakistan

Supplementary budget: Punjab Assembly approves 38 demands exceeding Rs509.71bn

LAHORE: Punjab Assembly on Monday approved 38 demands exceeding Rs509.71 billion under the supplementary budget for...

Published 01 Jul, 2025 07:21am

Industry

ABAD undertakes significant constitutional reform

KARACHI: Association of Builders and Developers (ABAD) has undertaken its most significant constitutional reform in...

Updated 01 Jul, 2025 07:41am

Business & Finance

PACRA makes debut on PSX GEM Board with oversubscribed IPO

KARACHI: In a landmark development for Pakistan’s capital market, the Pakistan Credit Rating Agency Limited ...

Published 01 Jul, 2025 07:15am

Industry

KATI opposes gas price hike decision

KARACHI: Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has strongly opposed the...

Published 01 Jul, 2025 07:13am

Industry

PSW CEO explains trade facilitation, regional connectivity agenda

KARACHI: Syed Aftab Haider CEO of Pakistan Single Window (PSW) explained that as part of its trade facilitation and...

Published 01 Jul, 2025 07:12am

Taxes

A comment on Finance Act 2025—I

Introduction: The Finance Act, 2025 has been passed by the National Assembly. This Act has introduced some major...

Published 01 Jul, 2025 06:42am

Pakistan

SAPM to visit Russia from 5th

ISLAMABAD: To take up the matters related to the revival of Pakistan Steel Mills (PSM) or construction of a new ...

Updated 01 Jul, 2025 08:14am

Industry

Vietnam envoy for expanding economic ties with Pakistan

KARACHI: Ambassador of the Socialist Republic of Vietnam, Pham Anh Tuan, has expressed Vietnam’s keen interest in...

Published 01 Jul, 2025 05:49am

Money & Banking

Asian currencies: Taiwan dollar drops sharply

BENGALURU: Taiwan dollar fell sharply on Monday after a month of strong gains, stoking market talk about ...

Published 01 Jul, 2025 05:49am

Money & Banking

Dollar languishes against major peers

NEW YORK: The dollar languished against the euro and Swiss franc on Monday as markets weighed the prospect of a...

Published 01 Jul, 2025 05:49am

Money & Banking

Indian rupee ends month and quarter a tad lower

MUMBAI: The Indian rupee slipped on Monday to end the month and quarter slightly lower, trailing most Asian peers...

Published 01 Jul, 2025 05:49am

Business & Finance

Aurangzeb departs for Spain to participate in ‘FFD4’

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb departed from Islamabad today (Monday) for...

Updated 01 Jul, 2025 08:10am

Industry

HCSTSI condemns collapse of internet services in Hyderabad

HYDERABAD: Acting President of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Ahmed Idrees ...

Published 01 Jul, 2025 05:49am

Business & Finance

PBC appoints Javed Kureishi as new CEO

KARACHI: The Pakistan Business Council (PBC) board has announced the appointment of Javed Kureishi as its new Chief...

Published 01 Jul, 2025 05:49am

Business & Finance

Outlook strong for FY26: Pakistan Stock Exchange delivers stellar performance

KARACHI: The Pakistan Stock Exchange (PSX) delivered one of its most remarkable performances in recent history ...

Updated 01 Jul, 2025 07:39am

Industry

TDAP charts export roadmap for olive sector

LORALAI: The Trade Development Authority of Pakistan (TDAP), in collaboration with the Agriculture Department...

Published 01 Jul, 2025 05:49am

Business & Finance

Traders reject imposition of 2pc IDC on export from KP

PESHAWAR: Traders expressed outcry over enforcement of 2 per cent Infrastructure Development Cess (IDC) on export...

Published 01 Jul, 2025 05:49am

Taxes

GST e-invoicing: KTBA urges FBR to allow 3-month extension

KARACHI: Karachi Tax Bar Association (KTBA) has formally requested the Federal Board of Revenue (FBR) to allow a...

Published 01 Jul, 2025 05:49am

Business & Finance

LPG prices decrease Rs7.51 per kg

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Monday notified Rs7.51 per kg decrease in LPG consumer...

Published 01 Jul, 2025 05:49am

Energy

HSD price up by Rs10.39, petrol’s by Rs8.36

ISLAMABAD: The federal government Monday announced a massive increase in the prices of petroleum products with ...

Published 01 Jul, 2025 05:49am

Business & Finance

President signs Finance Bill into law

ISLAMABAD: President Asif Ali Zardari on Monday gave formal assent to the Finance Bill for the fiscal year 2025-26,...

Published 01 Jul, 2025 05:49am

Energy

FCA: Nepra, Karachi stakeholders oppose PD proposal

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) and several Karachi-based stakeholders have...

Published 01 Jul, 2025 05:49am

Companies

Sindh Bank selects PTCL to enhance bank’s digital connectivity infrastructure

KARACHI: Pakistan Telecommunication Company Limited (PTCL) and Sindh Bank have signed an agreement for deployment of...

Published 01 Jul, 2025 05:49am

Business & Finance

Govt hikes petrol price by Rs8.36, diesel by Rs10.39 per litre

The new prices will take effect from July 1, 2025

Published 01 Jul, 2025 01:11am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
Dow Jones / Jun 3	50,687.07
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79
FTSE 100 / Jun 4	10,349.70
Germany DAX 30 / Jun 4	24,899.30
France CAC40 / Jun 4	8,185.81

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Cotton US¢/pound / Jun 4	80.34
Petrol/Litre / Jun 5	381.78
Diesel/Litre / Jun 5	380.78

Gainers
Losers
Leaders

Stock	Price
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	5.19 ▲ 0.62 (13.57%)
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Escorts Bank / Jun 4 Escorts Investment Bank Limited(ESBL)	13.59 ▲ 1.24 (10.04%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.41 ▲ 1.04 (10.03%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Ansari Sug. / Jun 4 Ansari Sugar Mills Limited(ANSM)	15.72 ▲ 1.43 (10.01%)
Grays Leasing / Jun 4 Grays Leasing Limited(GRYL)	22.98 ▲ 2.09 (10%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	90.73 ▲ 8.25 (10%)

Stock	Price
Crescent Cotton / Jun 4 Crescent Cotton Mills Limited(CCM)	36.91 ▼ -2.69 (-6.79%)
Ghazi Fabrics / Jun 4 Ghazi Fabrics International Limited(GFIL)	32 ▼ -2.25 (-6.57%)
Shams Textile / Jun 4 Shams Textile Mills Limited(STML)	39.03 ▼ -2.58 (-6.2%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28.06 ▼ -1.72 (-5.78%)
Ashfaq Textile / Jun 4 Ashfaq Textile Mills Limited(ASHT)	33.25 ▼ -1.89 (-5.38%)
Mughal Energy / Jun 4 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.43 ▼ -2.45 (-4.91%)
Premier Sugar / Jun 4 The Premier Sugar Mills(PMRS)	423.01 ▼ -20.78 (-4.68%)
Gulistan Sp. / Jun 4 Gulistan Spinning Mills Limited(GUSM)	7.06 ▼ -0.32 (-4.34%)
First AL-Noor Mod. / Jun 4 First Al-Noor Modaraba(FANM)	6.60 ▼ -0.28 (-4.07%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	112,742,147 ▲ 0.26
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	32,085,063 ▲ 0.65
WorldCall Telecom / Jun 4 Worldcall Telecom Limited(WTL)	30,602,865 ▼ -0.01
Hascol Petrol / Jun 4 Hascol Petroleum Limited(HASCOL)	29,547,446 ▲ 0.88
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	22,915,829 ▲ 0.56
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	21,952,752 ▲ 2.38
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	21,604,812 ▲ 0.03
Kohinoor Spinning / Jun 4 Kohinoor Spinning Mills Limited(KOSM)	20,173,269 ▼ -0.13
Maple Leaf Cement / Jun 4 Maple Leaf Cement Factory Limited(MLCF)	18,998,070 ▲ 1.39
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	18,802,886 ▲ 0.24

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