News Archives for Business & Finance - 2025-07-03

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Business & Finance - 2025-07-03

Business & Finance

SECP proposes amendments in Voluntary Pension System Rules, 2005

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments in Voluntary Pension...

Published 03 Jul, 2025 10:24pm

Technology

Microsoft ‘ends’ operations in Pakistan after 25 years

Former president Arif Alvi says decision 'troubling sign' for Pakistan

Published 03 Jul, 2025 09:47pm

Stocks

UK stocks stabilise a day after selloff on fiscal concerns

London’s main stock indexes closed higher on Thursday as political tensions appeared to ease after finance minister...

Published 03 Jul, 2025 09:46pm

South Asia

Why are farm goods holding up the India-US trade deal?

MUMBAI: U.S. and India trade negotiators were pushing on Wednesday to finalise a tariff-reducing deal ahead of...

Published 03 Jul, 2025 09:43pm

Forex

SBP reserves hit nearly 40-month high on multilateral, commercial loans

Pakistan’s central bank reserves hit around 40-month high this week, helped by multilateral and commercial loans...

Published 03 Jul, 2025 09:12pm

Companies

Only 15 electric vehicle brands in China will be financially viable by 2030, AlixPartners says

BEIJING: Only 15 out of the 129 brands that currently sell electric vehicles and plug-in hybrids in China will be...

Published 03 Jul, 2025 09:03pm

Stocks

Chip design software firms climb as US lifts curbs on China exports

Shares of Synopsys and Cadence Design Systems jumped on Thursday after the U.S. lifted export curbs on chip design...

Published 03 Jul, 2025 08:18pm

Stocks

TSX hits record high as investors assess economic data, trade talks

Canada’s main stock index hit a record high on Thursday as investors assessed economic data from Canada and the...

Published 03 Jul, 2025 08:12pm

Technology

Over 12mn mobile handsets assembled in Pakistan in Jan-May

ISLAMABAD: A total of 12.5 million mobile handsets were assembled/manufactured in Pakistan in the first five months...

Published 03 Jul, 2025 07:55pm

Commodities

Wheat steady-up 2 cents, corn up 4-5, soy up 7-11

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

Published 03 Jul, 2025 07:15pm

South Asia

Sri Lanka’s economic outlook positive but global trade concerns pose risks, IMF says

COLOMBO: Sri Lanka’s economic outlook remains positive, but global trade policy uncertainties pose significant risks...

Published 03 Jul, 2025 07:11pm

USA

US trade deficit widens in May on weak exports

WASHINGTON: The U.S. trade deficit widened sharply in May as exports fell, but subsiding imports suggested trade...

Published 03 Jul, 2025 07:03pm

Stocks

Major Gulf Shares rise as steady PMIs signal growth

Major Gulf stock markets rebounded on Thursday, supported by steady non-oil private sector growth and investor...

Published 03 Jul, 2025 06:57pm

Pakistan

FIA arrests former RAILCOP officials over Rs1.17bn fake bank guarantees scam

The Federal Investigation Agency (FIA) has arrested three former senior officials of RAILCOP, a subsidiary of...

Published 03 Jul, 2025 06:15pm

USA

Canada’s trade deficit in May narrows, exports to US drop

OTTAWA: Canada’s trade deficit in May met expectations and narrowed after a record breaking deficit in April, data...

Published 03 Jul, 2025 06:14pm

Companies

Volvo Cars delays scale production at new Slovak plant to early 2027

STOCKHOLM: Volvo Cars has pushed back large-scale production at its factory under construction in Slovakia to early...

Published 03 Jul, 2025 06:04pm

Currency

Sterling steadies after selloff, fiscal worries prevail

Sterling edged higher on Thursday, stabilising after fiscal concerns and uncertainty about Rachel Reeves’ future as...

Published 03 Jul, 2025 06:00pm

Companies

Alibaba looking to raise $1.53bn through exchangeable bonds for cloud, commerce push

Chinese tech giant Alibaba Group said on Thursday it is seeking to raise around HK$12 billion ($1.53 billion)...

Published 03 Jul, 2025 05:57pm

Companies

Tesla’s German car sales continue to fall in June

Tesla’s sales volume in Germany fell by 60% in June, the German road traffic agency KBA said on Tuesday, although...

Published 03 Jul, 2025 05:42pm

Commodities

Asia rice: India prices steady as demand remains subdued, Thai rice falls on strong baht

Indian rice prices remained unchanged from the previous week as demand remained subdued and supplies stayed on the...

Published 03 Jul, 2025 05:29pm

Currency

Nigerian and Ugandan currencies could gain

KAMPALA: The Nigerian and Ugandan currencies are seen advancing in the next week to Thursday, while Kenya’s, Ghana’s...

Published 03 Jul, 2025 05:25pm

Financial

RBI action in focus as Indian bonds stay put before US data

MUMBAI: Indian government bond yields ended largely flat on Thursday, with investors awaiting clarity on the central...

Published 03 Jul, 2025 05:21pm

Companies

Ambani’s Reliance to spin off India consumer goods business into new unit

MUMBAI: Indian billionaire Mukesh Ambani’s Reliance Industries said it will spin off its consumer goods unit into a...

Published 03 Jul, 2025 05:18pm

Companies

Uniper to cut 400 jobs over ‘challenging’ market environment

FRANKFURT: German state-owned utility Uniper on Thursday said it was planning to cut 400 jobs, or around 5% of its...

Published 03 Jul, 2025 05:15pm

Stocks

Indian stocks down as profit booking in financials overshadows trade deal optimism

Indian shares inched lower on Thursday as continued profit taking in financials overshadowed optimism over easing...

Published 03 Jul, 2025 05:08pm

Stocks

Utilities, communication services stocks drag Sri Lankan shares

CSE All-Share index settled 0.23% lower at 18,100.92 points

Published 03 Jul, 2025 05:05pm

Commodities

Copper retreats on profit-taking ahead of US jobs data

LONDON: Copper prices eased on Thursday as some traders and funds took profits on long positions ahead of jobs data...

Published 03 Jul, 2025 05:03pm

Commodities

Palm up as strong Dalian oils counter weak crude, Chicago soyoil

KUALA LUMPUR: Malaysian palm oil futures rose for the second consecutive session on Thursday, as stronger rival...

Published 03 Jul, 2025 05:00pm

Companies

CCP approves acquisition of shareholding in IMS Electric

The Competition Commission of Pakistan (CCP) has approved the acquisition of shareholding in IMS Electric (Private)...

Published 03 Jul, 2025 04:52pm

Bullion Rate

Gold price per tola gains Rs800 in Pakistan

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

Published 03 Jul, 2025 04:22pm

Business & Finance

Aurangzeb engages global partners at FFD4 in Spain

Finance Minister Muhammad Aurangzeb held a series of high-level bilateral meetings and strategic engagements on the...

Updated 03 Jul, 2025 10:14pm

Companies

SEARL appoints Tahir Ahmed as CEO

The Searle Company Limited (SEARL) has appointed Tahir Ahmed as the Chief Executive Officer (CEO). The...

Published 03 Jul, 2025 01:34pm

Business & Finance

Major garment producer Bangladesh eyes US trade deal

DHAKA: Bangladesh, the world’s second-biggest garment manufacturer, aims to strike a trade deal with the United...

Published 03 Jul, 2025 01:06pm

Money & Banking

SBP plans to ease digital payment mechanisms for traders

In a bid to promote cashless payments, the State Bank of Pakistan (SBP) is formulating a strategy to simplify...

Published 03 Jul, 2025 01:03pm

Stocks

Australian shares inch lower as financial stocks weigh

Australian shares inched lower on Thursday, dragged by heavyweight financial stocks, although gains in mining and...

Published 03 Jul, 2025 11:47am

Forex

Thai baht/US dollar little changed on Thursday

BANGKOK: The Thai baht was little changed against the US dollar on Thursday. At 0152 GMT, the baht was 0.03% lower...

Published 03 Jul, 2025 11:39am

Stocks

South Korean shares rise on US tariff optimism; steelmakers rally

The benchmark KOSPI added 32.27 points, or 1.05%, to 3,107.33

Published 03 Jul, 2025 11:36am

Stocks

Japan’s Nikkei meanders on US trade deal uncertainty; steelmakers

TOKYO: Japan’s Nikkei share gauge swung between gains and losses on Thursday as uncertainty over a trade deal with...

Published 03 Jul, 2025 11:34am

Commodities

Copper prices linger near multi-month highs on supply crunch, US tariff jitters

SINGAPORE: Copper on the London Metal Exchange and the Shanghai Futures Exchange held near the highest levels since...

Published 03 Jul, 2025 11:29am

Forex

Indian rupee supported by hopes of India-US trade deal, weak US jobs data

MUMBAI: The Indian rupee is likely to open marginally higher on Thursday, supported by an uptick in most Asian...

Published 03 Jul, 2025 11:27am

Forex

Australia, NZ dollars wary as much rides on US jobs report

SYDNEY: The Australian and New Zealand dollars drifted away from multi-month highs on Thursday as investors took...

Published 03 Jul, 2025 11:24am

Commodities

Corn climbs to 2-week high; soybeans, wheat firm

SINGAPORE: Chicago corn climbed to a more than two-week high on Thursday, with bargain-buying supporting prices...

Published 03 Jul, 2025 11:16am

Business & Finance

BOJ policymaker calls for resuming rate hikes after temporary pause

TOKYO: The Bank of Japan should resume interest rate hikes following a temporary pause to evaluate the impact of US...

Published 03 Jul, 2025 11:13am

Stocks

Rupee inches up against US dollar

Currency settles at 283.86 against greenback in inter-bank market

Updated 03 Jul, 2025 05:53pm

Mutual Funds

Japanese government bonds fall as 30-year auction tests demand

TOKYO: Japanese government bonds (JGBs) fell on Thursday as the finance ministry carried out its first super-long...

Published 03 Jul, 2025 11:00am

Stocks

PSX rally continues as KSE-100 settles at new high

Analysts attribute market’s record-breaking trajectory to aggressive institutional buying, strong earnings expectations, and positive macroeconomic indicators

Updated 03 Jul, 2025 10:12pm

Forex

China’s yuan slips as investors evaluate US trade negotiations with other countries

SHANGHAI: China’s yuan slipped against the dollar on Thursday, as market participants closely monitored trade...

Published 03 Jul, 2025 10:55am

Energy

ADNOC restores most Murban oil supply to equity holders in July, sources say

SINGAPORE: Abu Dhabi National Oil Company (ADNOC) has restored most of the Murban crude oil supply going to equity...

Published 03 Jul, 2025 10:48am

Mutual Funds

India bond traders eye US data, RBI liquidity operation for cues

MUMBAI: Indian government bond yields were largely unchanged in early deals on Thursday, as market participants...

Published 03 Jul, 2025 10:46am

Stocks

Hong Kong shares slip as tech stocks weigh on fears of e-commerce price war

SHANGHAI: Hong Kong shares fell on Thursday, led by tech stocks, as investors fretted that intensifying competition...

Published 03 Jul, 2025 10:39am

Stocks

Indian stocks gain as US trade talks boost sentiment

Indian shares edged higher on Thursday, mirroring gains in broader Asia after a US–Vietnam trade deal and as...

Published 03 Jul, 2025 10:36am

Commodities

Palm trades sideways as strong Dalian oils counter weak crude, Chicago soyoil

KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Thursday, as strength in rival Dalian oils...

Published 03 Jul, 2025 10:30am

Companies

Bunny’s Limited starts bread production in Islamabad

Bunny’s Limited announced on Thursday that it had installed a bread production plant in 1-9 Industrial Area,...

Published 03 Jul, 2025 10:23am

Industry

After Lucky Motor, Pak Suzuki hikes car prices amid new NEV levy

After Lucky Motor Corporation (LMC), Pak Suzuki Motor Company (PSMC) has become the latest auto manufacturer in...

Published 03 Jul, 2025 10:02am

Technology

Tesla’s China EV sales rise 3.7% y/y to 61,000 vehicles in June

BEIJING: Tesla’s electric vehicle sales in June rose 3.7% from a year earlier, according to Tesla China on Thursday....

Published 03 Jul, 2025 08:08am

South Asia

US, India push for trade pact after Trump strikes deal with Vietnam, sources say

WASHINGTON/NEW DELHI: US and India trade negotiators were pushing on Wednesday to try to land a tariff-reducing deal...

Published 03 Jul, 2025 08:02am

Markets

Gold eases as investors await US payroll data for Fed policy clues

Gold fell on Thursday as investors held back from making significant bets, awaiting the U.S. payroll data later in...

Published 03 Jul, 2025 07:56am

Stocks

Oil softens on US tariff uncertainty and OPEC+ output expectations

LONDON: Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised demand...

Updated 03 Jul, 2025 06:27pm

Forex

Dollar drifts as traders hunker down for US payrolls

SINGAPORE: The dollar wobbled on Thursday after a trade agreement between the United States and Vietnam fuelled...

Published 03 Jul, 2025 07:46am

Stocks

Asian shares tick up ahead of US payrolls test; Trump’s tax bill in focus

SYDNEY: Asian shares edged higher on Thursday as investors braced for a key U.S. jobs report that may justify...

Published 03 Jul, 2025 07:43am

Money & Banking

Ringgit, rupiah lead losses in Asia FX

BENGALURU: Most Asian currencies were under pressure on Wednesday, led by a decline in the Malaysian ringgit and...

Published 03 Jul, 2025 02:51am

Taxes

Airports, dry ports: FBR intensifies enforcement steps

ISLAMABAD: The Federal Board of Revenue (FBR) has intensified enforcement operations at airports and dry ports and...

Published 03 Jul, 2025 02:51am

Business & Finance

APCMA seeks cut in duties, taxes: Cement’s domestic sales drop during FY2024-25

LAHORE: Cement sector’s domestic sales dropped to 37.017 million tons during the financial year 2024-2025 as...

Published 03 Jul, 2025 02:51am

Money & Banking

US dollar gains against peers

NEW YORK: The US dollar gained against major currencies including the yen, Swiss franc and the euro on Wednesday as...

Published 03 Jul, 2025 02:51am

Money & Banking

Yuan near 8-month high

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

Published 03 Jul, 2025 02:51am

Companies

inDrive reports 57pc increase in number of courier partners in Pakistan

KARACHI: In Pakistan, inDrive has reported a 57 percent increase in the number of its courier partners during the...

Updated 03 Jul, 2025 10:42am

Business & Finance

A comment on Finance Act 2025—III

Though the Finance Act, 2025 is applicable from July 1, 2025; however, these provisions would be applicable on the...

Published 03 Jul, 2025 02:51am

Money & Banking

‘Businesses can’t expand while banks earn from govt debt’

LAHORE: Economic Policy and Business Development, a think tank, has feared that Pakistani businesses cannot compete,...

Published 03 Jul, 2025 02:51am

Industry

Minister calls for groundbreaking of KIP on September 4

Islamabad: Planning Minister Ahsan Iqbal chaired a meeting with officers from the Ministry of Industries and...

Published 03 Jul, 2025 02:51am

Industry

Manufacturing cools as HBL PMI hits 10-month low of 50.5 in June

KARACHI: Pakistan’s manufacturing sector showed signs of cooling as the HBL Manufacturing Purchasing Managers’...

Published 03 Jul, 2025 02:51am

Business & Finance

PYMA rejects inclusion of Articles 37-A, 37-B in ST Act

KARACHI: The Pakistan Yarn Merchants Association (PYMA) has categorically rejected the inclusion of Articles 37-A...

Published 03 Jul, 2025 02:51am

Industry

KPT handles all-time high cargo in FY25

KARACHI: Karachi Port Trust closes fiscal year 2024-25 with flying colors to record a cargo handling milestone of 54...

Published 03 Jul, 2025 02:51am

Money & Banking

VIS upgrades entity ratings of Faysal Bank Ltd

KARACHI: VIS Credit Rating Company Limited (VIS) has upgraded entity ratings of Faysal Bank Limited (‘FABL’ or...

Published 03 Jul, 2025 02:51am

Industry

Small traders reject hike in rates of fuel prices

KARACHI: The All Pakistan Organisation of Small Traders and Cottage Industries, Karachi chapter on Wednesday come ...

Published 03 Jul, 2025 02:51am

Taxes

Taxation steps: Opposition slams federal, Punjab govts

LAHORE: Opposition Leader in Punjab Assembly Malik Ahmad Bhachar castigated the Pakistan Muslim League-Nawaz (PML-N)...

Published 03 Jul, 2025 02:51am

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	160
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 4	7,584.31
India Sensex / Jun 4	74,360.01
Tokyo Nikkei / Jun 4	67,470.69
Nasdaq / Jun 4	26,830.96
Hang Seng / Jun 4	25,253.40
FTSE 100 / Jun 4	10,332.30
Dow Jones / Jun 4	51,561.93
Germany DAX 30 / Jun 4	24,944.95
France CAC40 / Jun 4	8,244.29

Item	Value
Crude Oil USD/Barrel / Jun 4	92.89
Gold 10 Grams PKR / Jun 4	402,335
Gold Spot USD/Ounce / Jun 4	4,470.19
Cotton US¢/pound / Jun 4	78.49
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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