News Archives for Business & Finance - 2025-07-02

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Business & Finance - 2025-07-02

Markets

Pakistan’s e-commerce sector faces operational costs surge amid new taxes

The cost of doing business for Pakistan’s e-commerce sector has significantly increased following the imposition of...

Updated 02 Jul, 2025 10:24pm

Stocks

TSX flat; investors focus on economic data, trade talks

Canada’s main stock index was flat in choppy trading on Wednesday as investors assessed weak domestic and U.S....

Published 02 Jul, 2025 08:06pm

Financial

India’s Max Financial reports cyber threat at unit

India’s Max Financial Services said on Wednesday that its unit, Axis Max Life Insurance, received communication...

Published 02 Jul, 2025 07:59pm

Commodities

Gold price per tola decreases Rs600 in Pakistan

Gold prices in Pakistan declined on Wednesday in line with their decrease in the international market. In the local...

Published 02 Jul, 2025 07:52pm

Technology

Musk’s X down for thousands of US users, Downdetector shows

Elon Musk’s X was down for thousands of users in the U.S. on Wednesday, according to outage tracking website...

Published 02 Jul, 2025 07:48pm

Companies

Volvo Cars sales fall 12% in June, fully electric tumble 26%

STOCKHOLM: Sweden-based Volvo Cars reported on Wednesday a fourth straight month of falling sales volumes, pressured...

Published 02 Jul, 2025 07:45pm

Stocks

Wall St edges down after ADP shock; focus on trade talks, payrolls data

U.S. stocks nudged lower on Wednesday as surprisingly weak U.S. private jobs data raised concerns about the labor...

Published 02 Jul, 2025 07:40pm

Companies

Two firms found guilty of Rs1.13bn anti-competitive pact in pharmaceutical sector

The Competition Commission of Pakistan (CCP) has found two companies, United Distributors Pakistan Limited (UDPL)...

Published 02 Jul, 2025 07:22pm

Technology

Microsoft to lay off up to 9,000 employees, Seattle Times reports

Microsoft is laying off as much as 4%, or roughly 9,100, of its employees in the largest round of job cuts since...

Published 02 Jul, 2025 06:51pm

Stocks

Gulf bourses end mixed on US tariff uncertainty

Stock markets in the Gulf ended mixed on Wednesday as investors monitored global trade developments ahead of the...

Published 02 Jul, 2025 06:33pm

Industry

OCAC seeks SIFC intervention over petroleum levy on furnace oil

The Oil Companies Advisory Council (OCAC) has sought intervention from the Special Investment Facilitation Council...

Published 02 Jul, 2025 06:31pm

Commodities

Wheat and corn down 2-3 cents, soy up 7-9

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

Published 02 Jul, 2025 06:15pm

Business & Finance

Overseas Pakistanis offered 120-day tax-free mobile registration facility

The Pakistan Telecommunication Authority (PTA) on Wednesday announced that overseas Pakistanis can now avail a...

Published 02 Jul, 2025 05:58pm

Technology

Google offers new proposal to stave off EU antitrust fine, document shows

BRUSSELS: Alphabet’s Google has proposed fresh changes to its search results in an attempt to fend off growing...

Published 02 Jul, 2025 05:57pm

USA

US private payrolls unexpectedly decrease in June; layoffs remain low

WASHINGTON: U.S. private payrolls unexpectedly fell in June and job gains in the prior month were smaller than...

Published 02 Jul, 2025 05:40pm

Stocks

India adopts single contract note for BSE and NSE

India used a common contract note for trading on both its main stock exchanges for the first time on Wednesday, the...

Published 02 Jul, 2025 05:32pm

Financial

India bonds tick up as foreign flows, ample liquidity lift sentiment

MUMBAI: Indian government bonds rose slightly on Wednesday, buoyed by foreign inflows and a growing liquidity...

Published 02 Jul, 2025 05:26pm

Stocks

Sri Lankan shares end higher on broad-based gains

CSE All-Share index settled 0.81% higher at 18,141.79 points

Published 02 Jul, 2025 05:23pm

Commodities

Corn stuck near lows on supply pressure

PARIS/SINGAPORE: Chicago corn eased on Wednesday to remain near contract lows as favourable crop weather was...

Published 02 Jul, 2025 05:16pm

South Asia

India plans new strategic oil reserve to enhance energy security

NEW DELHI: India is exploring building three new strategic oil reserves to boost its emergency stockpile and...

Published 02 Jul, 2025 05:02pm

Money & Banking

ECB should keep rates at 2% unless new shocks hit, IMF says

SINTRA: The European Central Bank should keep its deposit rate at the current 2% level unless new shocks materially...

Published 02 Jul, 2025 04:39pm

Stocks

Indian shares dip as financials drag; HDB Financial gains 13.6% in debut trade

Indian shares edged lower on Wednesday as financials retreated from recent highs, overshadowing optimism over a...

Published 02 Jul, 2025 04:35pm

Commodities

Copper edges up as stronger yuan offsets tariff uncertainty

LONDON: Copper prices rose on Wednesday as a stronger yuan currency in top metals consumer China and weak dollar...

Published 02 Jul, 2025 04:30pm

Commodities

Palm ends higher on better demand, likely lower June production

JAKARTA: Malaysian palm oil futures closed higher on Wednesday, snapping two straight sessions of losses, supported...

Published 02 Jul, 2025 04:28pm

Interest Rates

National Saving Schemes: CDNS lowers rates of return

The Central Directorate of National Savings (CDNS) has reduced the rates of return on a number of its National...

Published 02 Jul, 2025 03:12pm

Business & Finance

Pakistan’s trade deficit surges 9% YoY to $26.3bn in FY25

Pakistan’s trade deficit significantly increased by 9% to $26.3 billion in FY 2024-25, as compared to the previous...

Updated 02 Jul, 2025 07:57pm

Stocks

European shares rise; investors await signs on trade progress

European shares edged higher on Wednesday, led by banks, while investors assessed the prospects for trade deals...

Published 02 Jul, 2025 01:50pm

Technology

Baidu launches AI video generator, overhauls search features

BEIJING: China’s Baidu on Wednesday launched an AI-driven video generator for businesses as well as a major upgrade...

Published 02 Jul, 2025 01:47pm

Business & Finance

Aurangzeb urges global push to revive development cooperation at FfD4

Finance Minister Muhammad Aurangzeb has called for a renewed global commitment to revitalising international...

Published 02 Jul, 2025 01:19pm

Taxes

PM orders to digitise all industrial production processes

Prime Minister Shehbaz Sharif has ordered authorities to digitise all industrial production processes, bringing them...

Published 02 Jul, 2025 12:30pm

Currency

Pakistan rupee slips lower against US dollar

Currency settles at 283.95 against greenback

Updated 02 Jul, 2025 06:44pm

Stocks

India’s equity benchmarks inch higher at the open after Trump comment on trade deal

India’s equity benchmarks opened marginally higher on Wednesday following US President Donald Trump’s remark that...

Published 02 Jul, 2025 11:47am

Stocks

Japanese long-term bond yields slip as trade talks flounder

SINGAPORE: Japanese government bonds rose slightly on Wednesday, pushing yields at the long-end of the curve down,...

Published 02 Jul, 2025 11:45am

Stocks

Japan’s Nikkei edges lower, tech a mixed bag

SINGAPORE: Japanese shares fell slightly on Wednesday, reacting to a selloff in US technology heavyweights and...

Published 02 Jul, 2025 11:43am

Forex

Yuan near 8-month high on support from softer dollar, hopes for easing trade tensions

SHANGHAI: The yuan held steady against the US dollar on Wednesday, trading near an eight-month high hit in the...

Published 02 Jul, 2025 11:43am

Stocks

China stocks flat, HK gains as trade tensions weigh

HONG KONG: Chinese stocks were little changed, while Hong Kong shares climbed on Wednesday following a local...

Published 02 Jul, 2025 11:41am

Mutual Funds

Indian bonds confined as traders await RBI’s liquidity steps, US data

MUMBAI: Indian government bond yields were barely changed in early deals on Wednesday, as market participants...

Published 02 Jul, 2025 11:40am

Markets

Australia’s Qantas says 6 million customer accounts accessed in cyber hack

A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in...

Published 02 Jul, 2025 11:39am

Commodities

Iron ore futures rise on supply dip, but China property woes cap gains

SINGAPORE: Iron ore futures climbed on Wednesday as shipments from top exporters Australia and Brazil dropped,...

Published 02 Jul, 2025 11:33am

Commodities

Wheat rises to 1-week high on bargain-buying; corn eases

SINGAPORE: Chicago wheat rose for a second session on Wednesday to a one week high, as bargain-buying supported...

Published 02 Jul, 2025 11:32am

Forex

Dollar wallows near 3-1/2-year low as Fed cuts, Trump bill in focus

TOKYO: The US dollar hunkered near the lowest since February 2022 against major peers on Wednesday, as traders...

Published 02 Jul, 2025 11:31am

Industry

Lucky Motor hikes KIA car prices by up to Rs700,000 amid NEV levy imposition

Citing recent developments, including measures introduced in the federal budget, Lucky Motor Corporation (LMC) has...

Published 02 Jul, 2025 11:30am

Bullion Rate

Gold prices ease ahead of US data as investors weigh Fed rate stance

Gold prices edged lower on Wednesday as investors awaited US payroll data and assessed Federal Reserve Chair Jerome...

Published 02 Jul, 2025 11:27am

Stocks

Real estate stocks, miners propel Australian shares higher

Australian shares rose on Wednesday, helped by mining stocks due to a rise in commodity prices, while favourable...

Published 02 Jul, 2025 11:26am

Energy

Oil prices gain as Iran suspends cooperation with UN nuclear watchdog

NEW YORK: Oil futures edged up on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog but a...

Updated 02 Jul, 2025 08:04pm

Stocks

Asian stocks waver, dollar sags under weight of Trump tariffs, Fed uncertainty

SINGAPORE: Asian stocks stumbled on Wednesday and the dollar languished near 3-1/2-year lows as investors pondered...

Published 02 Jul, 2025 11:23am

Commodities

Copper gains as traders likely to continue shipping ahead of possible US tariffs

SINGAPORE: Copper rose on the London Metal Exchange and Shanghai Futures Exchange on Wednesday, as traders are...

Published 02 Jul, 2025 11:22am

Forex

Australia, NZ dollars off fresh highs, data soft again

SYDNEY: The Australian and New Zealand dollars levelled out on Wednesday after scaling fresh highs for the year...

Published 02 Jul, 2025 11:19am

Stocks

South Korean shares drop as US ramps up trade pressure ahead of tariff deadline

The benchmark KOSPI was down 45.97 points, or 1.49%, at 3,044.09

Published 02 Jul, 2025 11:10am

Commodities

Palm rises tracking Dalian contract, weaker ringgit

JAKARTA: Malaysian palm oil futures snapped two straight sessions of losses and rose on Wednesday, tracking strength...

Published 02 Jul, 2025 11:08am

Forex

Thai baht/US dollar weaker on Wednesday

The baht was 0.14% lower at 32.48 versus the dollar

Published 02 Jul, 2025 11:06am

Stocks

PSX soars: KSE-100 settles above 130,000 level

Local institutional investors driving buying rally

Updated 02 Jul, 2025 07:44pm

Pakistan

CAT dismisses Reckitt Benckiser appeal in Strepsils case

ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by Reckitt Benckiser in the...

Published 02 Jul, 2025 08:43am

Industry

‘Rise in POL products prices, gas tariffs will negatively impact SMEs’

KARACHI: The leadership of the United Business Group (UBG) has warned that increase in petroleum products prices and...

Published 02 Jul, 2025 08:34am

Taxes

ICT service providers: Businesses integration with FBR system mandatory

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for large categories of service providers to...

Published 02 Jul, 2025 08:19am

Industry

LCCI organises ‘2nd LCCI IT Freelancing Awards 2025’

LAHORE: The 2nd LCCI IT Freelancing Awards 2025, organized by the Lahore Chamber of Commerce and Industry, honoured...

Published 02 Jul, 2025 07:50am

Industry

KATI urges FBR to extend deadline for sales tax e-invoicing

KARACHI: Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has called on the Federal...

Published 02 Jul, 2025 07:39am

Industry

PBF, industrial bodies oppose Section 37AA of Income Tax Ordinance

KARACHI: In a unified stance against the recently introduced Section 37AA of the Income Tax Ordinance, the Pakistan...

Published 02 Jul, 2025 07:35am

Industry

PCDMA chief exposes rampant EFS exploitation

KARACHI: Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has ...

Published 02 Jul, 2025 07:34am

Industry

Export businesses from upper Sindh: TDAP organises consultative session

SUKKUR: Trade Development Authority of Pakistan (TDAP) Sukkur organised a consultative session on ‘Encouraging...

Published 02 Jul, 2025 07:33am

Energy

SEHC achieves revenue target of Rs113m for FY25: minister

KARACHI: Sindh Provincial Minister for Energy, Development, and Planning, Syed Nasir Hussain Shah, has stated that...

Published 02 Jul, 2025 07:28am

Taxes

KPRA collects Rs51.56bn, surpassing target by Rs4.56bn

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has successfully collected Rs 51.56 billion against the...

Published 02 Jul, 2025 07:27am

Taxes

A comment on Finance Act 2025—II

Disruption and distortion The tax regime introduced is a final tax regime. This means that such transactions which...

Published 02 Jul, 2025 07:24am

World

Tariff risks muddy global outlook for factories

WASHINGTON/ LONDON/ TOKYO: Worries over future US tariffs are clouding the outlook for factories across much of the...

Updated 02 Jul, 2025 06:27am

South Asia

Adani Enterprises to sell 2-5 year debt at public bond sale next week

MUMBAI: Indian billionaire Gautam Adani’s flagship firm plans to raise up to 10 billion rupees ($116.77 million)...

Published 02 Jul, 2025 06:01am

Business & Finance

Aurangzeb calls for equitable global financial reforms

SEVILLE, (Spain): Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, represented Pakistan at the...

Published 02 Jul, 2025 06:01am

Business & Finance

Govts, multilateral lenders launch push for debt payment pauses

SEVILLE (Spain): A number of wealthy creditor nations and multilateral lenders have launched an initiative that aims...

Published 02 Jul, 2025 06:01am

Business & Finance

June CPI inflation clocks in at 3.2pc YoY

ISLAMABAD: The Consumer Price Index-based inflation clocked in at 3.2 percent on year-on-year basis in June 2025 as...

Published 02 Jul, 2025 06:01am

Stocks

PM applauds PSX’s historic rally

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday welcomed a record rally in the country’s benchmark stock ...

Published 02 Jul, 2025 06:01am

Money & Banking

Taiwan dollar leads Asia FX rally

BENGALURU: The Taiwan dollar bounced back on Tuesday, driving gains among Asian currencies as the US dollar ...

Published 02 Jul, 2025 06:01am

Business & Finance

World Bank, Spain launch Global Hub for debt swaps

LONDON: Spain has partnered with the World Bank to help countries free up money to spend on sustainable development...

Published 02 Jul, 2025 06:01am

Money & Banking

Bank holidays

KARACHI: The State Bank of Pakistan (SBP) will remain closed on July 05 and 06, 2025 (Saturday & Sunday) being...

Published 02 Jul, 2025 06:01am

Business & Finance

Customs appraisement: Southern region collects Rs3339bn revenue in FY25

KARACHI: During the FY 2024-25, the Southern region of Customs appraisement collected revenue of Rs. 3339 billion...

Updated 02 Jul, 2025 06:23am

Money & Banking

China yuan hits 8-month high

SHANGHAI: China’s yuan advanced further on Tuesday after enjoying two consecutive months of gains, briefly ...

Published 02 Jul, 2025 06:01am

Money & Banking

Dollar gains ground against major peers

NEW YORK: The US dollar gained ground against major currencies including the euro and the Swiss franc on Tuesday...

Published 02 Jul, 2025 06:01am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.62
USD PKR Interbank Buying / Jun 4	278.42
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 4	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
Crude Oil USD/Barrel / Jun 4	95.52
Gold 10 Grams PKR / Jun 4	402,335
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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