News Archives for Business & Finance - 2025-07-04

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Business & Finance - 2025-07-04

Markets

Haval maker: Sazgar says not increasing vehicle prices despite new tax

Sazgar Engineering Works (SAZEW) - company engaged in manufacturing and sale of automobiles, automotive parts and...

Published 04 Jul, 2025 11:15pm

Companies

Sazgar records ‘second-highest’ 4-wheeler sales in June 2025

The Sazgar Engineering Works (SAZEW) reported on Friday that it had sold 1,349 units of its 4-wheelers in June 2025,...

Published 04 Jul, 2025 10:10pm

Companies

Status-quo: Chishti suffers Supreme Court reversal in battle for TRG Pakistan control

In a reversal for former TRG Pakistan CEO Zia Chishti, the battle for the control of PSX-listed TRG Pakistan Limited...

Updated 16 Jan, 2026 01:40pm

Stocks

TSX edge higher; US tariff deadline approaches

Canada’s main stock index edged higher on Friday, buoyed by gains in real estate stocks, while concerns over U.S....

Published 04 Jul, 2025 08:30pm

South Asia

India ready for trade deals but not to meet deadlines, minister says

NEW DELHI: India is ready to make trade deals in the national interest, but not just to meet deadlines, Trade...

Published 04 Jul, 2025 08:11pm

Markets

India market regulator to widen probe into Jane Street, source says

MUMBAI: India’s markets regulator has widened its probe into alleged market manipulation by U.S. securities trading...

Published 04 Jul, 2025 07:56pm

Energy

Discount on Russian Urals oil shipped to India is smallest since 2022, traders say

MOSCOW/NEW DELHI: Discounts for Russia’s flagship Urals crude oil for delivery to Indian ports in August shrank to...

Published 04 Jul, 2025 07:53pm

Commodities

Gold price per tola decreases Rs1,500 in Pakistan

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

Published 04 Jul, 2025 07:19pm

Forex

South African rand falls, US bill and tariff updates in focus

JOHANNESBURG: The South African rand fell on Friday as traders mulled the impact of U.S. President Donald Trump’s...

Published 04 Jul, 2025 06:50pm

Stocks

UAE stocks inch higher as geopolitical tensions ease, AI sector shines

Stock markets in the United Arab Emirates closed slightly higher on Friday, buoyed by easing geopolitical tensions...

Published 04 Jul, 2025 06:46pm

Companies

Dabur India says first-quarter profit growth hit by unseasonal rains, short summer

Dabur India said on Friday it expects first-quarter operating profit to marginally lag revenue growth, which it...

Published 04 Jul, 2025 05:43pm

Financial

India bond yields rise tracking US Treasuries, end flattish for week

MUMBAI: Indian government bond yields edged higher on Friday, tracking a rise in U.S. Treasury yields, while...

Published 04 Jul, 2025 05:28pm

Stocks

Sri Lankan shares close higher on broad-based gains

CSE All-Share index rose about 0.3% to 18,148.34, and ended the week 1.5% higher

Published 04 Jul, 2025 05:24pm

Markets

India’s $700 billion plus FX reserve pile, leaner forward book bolster rupee shield

MUMBAI: India’s foreign exchange reserves topped $700 billion last week to hit a 9-month high, which, alongside the...

Published 04 Jul, 2025 05:22pm

Companies

India’s Tata Steel gets 19-billion-rupee demand notice over Odisha mineral sales shortfall

India’s Tata Steel on Friday said the eastern state of Odisha has issued a demand notice for 19.03 billion rupees...

Published 04 Jul, 2025 05:18pm

Forex

Indian rupee ends week little changed, looming tariff deadline in focus

MUMBAI: The Indian rupee witnessed muted price action on Friday to end the week little changed as traders awaited...

Published 04 Jul, 2025 05:03pm

Forex

Sterling heads for weekly loss as fiscal concerns loom

Sterling was poised for a weekly loss on Friday, marking a lacklustre end to a week that saw fiscal and political...

Published 04 Jul, 2025 05:00pm

Business & Finance

United Distributors Pakistan, International Brands mull legal action against CCP penalty

Following penalties imposed by the Competition Commission of Pakistan (CCP), United Distributors Pakistan Limited...

Published 04 Jul, 2025 04:48pm

Markets

India liquidity surplus may not push growth in bank credit up, J.P. Morgan economists say

MUMBAI: Bank lending to the Indian economy may not see a meaningful boost despite the large liquidity surplus in the...

Published 04 Jul, 2025 04:40pm

Energy

OPEC+ set to make another accelerated oil output hike on Saturday, sources say

LONDON: Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on...

Published 04 Jul, 2025 04:35pm

Money & Banking

Commerzbank official tells UniCredit CEO to sell and go home

FRANKFURT: UniCredit’s recent push for a tie-up with Commerzbank has prompted calls by a top official of the German...

Published 04 Jul, 2025 04:33pm

Energy

Global LNG: Asian spot prices fall on weak demand and rising supply

SINGAPORE: Asian spot liquefied natural gas (LNG) eased this week as subdued demand, rising supply and ample...

Published 04 Jul, 2025 04:31pm

Stocks

Indian benchmarks log weekly losses on caution over trade deal, Jane Street ban

Indian benchmarks edged up on Friday, lifted by IT stocks after upbeat U.S. jobs data eased economic concerns and a...

Published 04 Jul, 2025 04:27pm

Commodities

Copper slides as focus shifts to July 9 U.S. tariff deadline

LONDON: Copper prices retreated on Friday as focus switched to President Donald Trump’s July 9 deadline when...

Published 04 Jul, 2025 04:25pm

Commodities

Palm logs weekly gain despite weakness in rival oils, profit taking

KUALA LUMPUR: Malaysian palm oil futures closed lower on Friday, weighed by weaker rival edible oils at the Chicago...

Published 04 Jul, 2025 04:23pm

Companies

Payments from Power Division ‘part of routine business’, says SNGPL

The Sui Northern Gas Pipeline (SNGPL) clarified on Friday that it had received payments from the Power Division on...

Published 04 Jul, 2025 04:13pm

Business & Finance

End of tax-free loophole for low-value goods disrupts air shipments to US from China

SHANGHAI/SEOUL: Air cargo shipment volume from Asia has declined by double digits since the U.S. cancelled a...

Published 04 Jul, 2025 01:26pm

Companies

Pakistan’s textile manufacturer move towards tech & EV sectors amid ongoing operational suspension

Amid continued operational suspension, Bilal Fibres Limited, a textile manufacturer, said on Friday that it is now...

Published 04 Jul, 2025 12:18pm

Business & Finance

Tax on imported solar panels: what does it mean for Pakistan’s renewable energy future?

Govt insists tax decision balances fiscal needs while maintaining support for clean energy

Published 04 Jul, 2025 12:14pm

Stocks

India bars Jane Street from its securities market, citing manipulation of stock indexes

MUMBAI: Indian regulators barred U.S. securities trading company Jane Street from the local market and seized $567...

Published 04 Jul, 2025 11:46am

Exchange

Rupee lowers against US dollar

Currency settles at 283.97 against greenback in inter-bank market

Updated 04 Jul, 2025 07:47pm

Business & Finance

Philippine annual inflation at 1.4% in June

MANILA: Philippine annual inflation slightly quickened to 1.4% in June, compared to the previous month’s 1.3% print,...

Published 04 Jul, 2025 11:10am

Stocks

Financials, tech stocks nudge Aussie shares near record high

Australian shares moved closer to a record high on Friday, boosted by technology and financial stocks ahead of an...

Published 04 Jul, 2025 11:08am

Commodities

Copper set for weekly gains; potential US tariffs on metal eyed

SINGAPORE: Copper prices on the London Metal Exchange and Shanghai Futures Exchange were set for a second straight...

Published 04 Jul, 2025 11:07am

Stocks

Japan’s Nikkei inches higher as chip stocks track Wall Street’s record finish

TOKYO: Japan’s Nikkei share average inched higher on Friday, as chip-related stocks tracked a strong overnight...

Published 04 Jul, 2025 11:06am

Mutual Funds

India’s long-term bonds decline before debt sale, Treasury moves pinch

MUMBAI: India’s long-term government bonds slipped in early deals on Friday, as the debt supply of such notes will...

Published 04 Jul, 2025 11:05am

Business & Finance

Air France-KLM to take majority stake in SAS

PARIS: Air France-KLM said on Friday it plans to increase its stake in Scandinavian airline SAS to 60.5%, up from...

Published 04 Jul, 2025 10:53am

Commodities

Palm falls on weakness in rival oils, profit taking

KUALA LUMPUR: Malaysian palm oil futures fell on Friday, pressured by weaker rival edible oils at the Chicago and...

Published 04 Jul, 2025 10:51am

Commodities

Iron ore set for second weekly gain as China pledges crackdown on price wars

SINGAPORE: Prices of iron ore futures extended gains on Friday and headed for a second consecutive weekly gain,...

Published 04 Jul, 2025 10:48am

Mutual Funds

Japan’s 10-year bonds track US Treasury declines after strong jobs data

TOKYO: Japan’s 10-year government bonds (JGBs) inched down on Friday, tracking declines in US Treasuries after...

Published 04 Jul, 2025 10:47am

Stocks

China stocks edge up on signs of de-escalating Sino-US trade tensions; HK slips

SHANGHAI: Mainland China stocks edged higher on Friday, led by gains in banking and steel sectors, as market...

Published 04 Jul, 2025 10:33am

Forex

Yuan set for fifth week of gains ahead of US tariff deadline

HONG KONG: China’s yuan strengthened against the US dollar on Friday, and was heading towards the fifth week of...

Published 04 Jul, 2025 10:32am

Stocks

KSE-100 continues record run, gains further 1,262 points to close at fresh high

Buying continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1% to close...

Updated 04 Jul, 2025 08:24pm

Stocks

Asian stocks wobble, dollar edges down with tariff deadline in focus

TOKYO: Most Asian equity markets struggled on Friday, despite record highs for Wall Street overnight, as U.S....

Published 04 Jul, 2025 08:20am

Forex

Indian rupee to weaken after ‘rare’ positive news for dollar from US jobs report

MUMBAI: The Indian rupee is set to decline at open on Friday after data showed the U.S. labour market remained...

Published 04 Jul, 2025 08:09am

Markets

Gold heads for weekly gain as US tax-cut bill stokes fiscal worries

Gold edged up on Friday, poised for a weekly gain as U.S. President Donald Trump’s tax-cut and spending bill passed...

Published 04 Jul, 2025 08:01am

Forex

Dollar holds firm against euro, yen as US trade pressure mounts

TOKYO: The dollar held gains on Friday after President Donald Trump got his signature tax cut bill across the final...

Published 04 Jul, 2025 07:58am

Energy

Oil dips ahead of expected OPEC+ output increase

CALGARY: Oil futures fell more than 1% on Friday, pressured by expectations that OPEC+ producers will decide this...

Updated 04 Jul, 2025 07:44pm

Industry

Smeda, Jica ink agreement on ‘Capacity enhancement of women entrepreneurs’

LAHORE: The Small and Medium Enterprises Development Authority (Smeda) and the Japan International Cooperation ...

Published 04 Jul, 2025 07:41am

World

Japan plans ‘world first’ deep-sea mineral extraction

TOKYO: Japan will from January attempt to extract rare earth minerals from the ocean floor in the deepest trial of...

Published 04 Jul, 2025 06:02am

Business & Finance

‘Around 8,500 users from SMBs face cyberattacks’

ISLAMABAD: A global cybersecurity company Thursday disclosed that around 8,500 users from small and medium-sized...

Published 04 Jul, 2025 06:02am

Energy

KE fighting a ‘power’ struggle, one phase at a time

There was no noise. Just an air of calmness, and sense of satisfaction. The Karachi Electronics Dealers Association...

Updated 04 Jul, 2025 12:04pm

Industry

Sections 37A & 37B: Business community threatens to go on nationwide strike

KARACHI: In a strong show of resistance, the major representative trade bodies of business community including...

Published 04 Jul, 2025 06:02am

Companies

Sami Wahid joins Coca-Cola Pakistan & Afghanistan Region as new GM

KARACHI: Sami Wahid has assumed the role of General Manager for the Pakistan and Afghanistan Region of Eurasia &...

Published 04 Jul, 2025 06:02am

Companies

BML accelerates recapitalization with major capital injections

KARACHI: In a decisive move to strengthen its financial foundation and position itself for accelerated growth, Bank...

Published 04 Jul, 2025 06:02am

Companies

IMS Electric: Shares acquisition gets CCP nod

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

Published 04 Jul, 2025 06:02am

Money & Banking

Asian currencies: Taiwan’s dollar hits highest since April 2022

BENGALURU: Most stock markets in emerging Asian economies rose on Thursday, after trade discussions between the...

Published 04 Jul, 2025 06:02am

Money & Banking

Dollar advances after US jobs data

NEW YORK: The US dollar rose against major currencies including the yen, euro and Swiss franc on Thursday after data...

Published 04 Jul, 2025 06:02am

Business & Finance

Proposed ferry service between Gwadar, Oman: Govt to earn estimated $10–15bn annually: Minister

ISLAMABAD: Pakistan stands to earn an estimated $10–15 billion annually through maritime operations linked to a...

Published 04 Jul, 2025 06:02am

Industry

Payoneer’s Connect 2025: Gaming industry eyes global expansion

KARACHI: Pakistan’s gaming industry, expected to surpass $1 billion in revenue this year, took the spotlight at...

Published 04 Jul, 2025 06:02am

Business & Finance

‘CPEC's success hinges on inclusive development in Balochistan’

QUETTA: CPEC's success hinges on inclusive development in Balochistan, emphasized speakers at a seminar held in...

Published 04 Jul, 2025 06:02am

Business & Finance

Hussain Dawood lauds Pak-China partnership at WEF summit

KARACHI: Chairman of Engro, Hussain Dawood, appreciates enduring China-Pakistan partnership at WEF summit with...

Published 04 Jul, 2025 06:02am

Industry

Bikes, rickshaws and Evs: Insurers told to submit separate rate quotes

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan has...

Published 04 Jul, 2025 06:02am

Energy

STDC playing key role in affordable power supply: Minister

KARACHI: Sindh Minister for Energy, Development, and Planning, Syed Nasir Hussain Shah, presided over a high-level...

Published 04 Jul, 2025 06:02am

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
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.28 ▲ 0.87 (11.74%)
Zephyr Textile / Jun 5 Zephyr Textiles Limited(ZTL)	17.57 ▲ 1.6 (10.02%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	20.54 ▲ 1.87 (10.02%)
Pak Qatar Gen.Takaful / Jun 5 Pak Qatar General Takaful Limited(PQGTL)	16.70 ▲ 1.52 (10.01%)
Zahid Jee Textile / Jun 5 Zahidjee Textile Mills Limited(ZAHID)	60.80 ▲ 5.53 (10.01%)
Leiner Pak Gelat / Jun 5 Leiner Pak Gelatine Limited(LPGL)	99.09 ▲ 9.01 (10%)
Zuma Resources / Jun 5 Zuma Resources Limited(ZUMA)	79.88 ▲ 7.26 (10%)
Kohinoor Power / Jun 5 Kohinoor Power Company Limited(KOHP)	28.51 ▲ 2.59 (9.99%)
Pak Qatar Family / Jun 5 Pak Qatar Family Takaful Limited(PAKQATAR)	27.97 ▲ 2.54 (9.99%)
Shadab Textile / Jun 5 Shadab Textile Mills Limited(SHDT)	53.50 ▲ 4.86 (9.99%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Aisha Steel(ConPS) / Jun 5 Aisha Steel(ConPS)(ASLPS)	29.43 ▼ -3.27 (-10%)
AN Textile Mills / Jun 5 AN Textile Mills Limited(ANTM)	29.10 ▼ -2.7 (-8.49%)
Fateh Ind. / Jun 5 Fateh Industries Limited(FIL)	166.02 ▼ -14.04 (-7.8%)
Shakarganj / Jun 5 Shakarganj Limited(SML)	115.10 ▼ -7.04 (-5.76%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	70 ▼ -4.2 (-5.66%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.48 ▼ -2.24 (-5.37%)
Shadman Cotton / Jun 5 Shadman Cotton Mills Limited(SHCM)	49.20 ▼ -2.47 (-4.78%)
Frontier Ceramics / Jun 5 Frontier Ceramics Limited(FRCL)	75 ▼ -3.64 (-4.63%)
Next Capital / Jun 5 Next Capital Limited(NEXT)	12.50 ▼ -0.58 (-4.43%)

Stock	Volume
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	13,885,287 ▲ 0.65
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	11,893,517 ▲ 0.77
Pak Qatar Gen.Takaful / Jun 5 Pak Qatar General Takaful Limited(PQGTL)	10,031,833 ▲ 1.52
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	9,414,020 ▲ 0.01
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	9,251,942 ▲ 0.31
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	7,971,895 ▲ 1.2
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	7,946,857 ▲ 0.03
TRG Pak Ltd / Jun 5 TRG Pakistan Limited(TRG)	7,848,545 ▲ 1.45
Thatta Cement / Jun 5 Thatta Cement Company Limited(THCCL)	7,781,081 ▲ 4.72
Treet Battery / Jun 5 Treet Battery Limited(TBL)	5,008,053 ▲ 0.18

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