News Archives for Business & Finance - 2025-07-08

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Business & Finance - 2025-07-08

Business & Economy

Pakistan’s Rs7.2trn annual debt burden should finance growth-generating activities, says think tank

ISLAMABAD: Economic Policy & Business Development (EPBD) a think tank, called for fundamental restructuring of...

Published 08 Jul, 2025 10:08pm

Business & Economy

Pakistan approves four potential bidders for struggling national airline PIA

Govt has been seeking to sell 51-100% stake in struggling national airline to raise funds and reform cash-draining, state-owned enterprises as envisaged under $7 billion IMF programme

Published 08 Jul, 2025 09:32pm

Markets

India’s markets regulator says no proposal to link options leverage limits to cash positions

India’s markets regulator said on Tuesday that there was no proposal under consideration to link options leverage...

Published 08 Jul, 2025 08:30pm

Forex

South African rand steady on hopes for further trade talks with the US

JOHANNESBURG: The South African rand was steady on Tuesday, buoyed by hopes the country could still salvage a less...

Published 08 Jul, 2025 08:21pm

Stocks

Wall St steadies as investors focus on trade talks after latest tariff shock

Wall Street’s main indexes largely held firm on Tuesday, as jitters over President Donald Trump’s latest tariff...

Published 08 Jul, 2025 08:17pm

Markets

India central bank announces two-day rate reverse repo auction on July 9

India’s central bank said on Tuesday it will conduct a two-day variable rate reverse repo auction worth one trillion...

Published 08 Jul, 2025 08:14pm

Commodities

Wheat steady-down 5 cents, corn down 1-4, soy mixed

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

Published 08 Jul, 2025 07:21pm

Africa

South Africa says Trump’s 30% tariff is based on inaccurate trade view

JOHANNESBURG: South African President Cyril Ramaphosa pushed back against U.S. President Donald Trump’s imposition...

Published 08 Jul, 2025 06:49pm

Business & Finance

‘$50mn in FDI’: CCP approves 69 merger and acquisition in FY2024-25

The Competition Commission of Pakistan (CCP) approved a total of 69 merger and acquisition (M&A) transactions...

Published 08 Jul, 2025 06:47pm

Stocks

Gulf stocks mixed on US tariff uncertainty

Gulf equities ended mixed on Tuesday, with investors exercising caution over U.S. trade policies after President...

Published 08 Jul, 2025 06:45pm

Business & Economy

Pakistan to import 500,000MT of sugar, govt says

ISLAMABAD: Pakistan plans to import 500,000 metric tons of sugar to help to maintain price stability, the country’s...

Updated 08 Jul, 2025 06:36pm

Commodities

Gold price per tola increases Rs1,500 in Pakistan

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

Published 08 Jul, 2025 06:13pm

Stocks

Sri Lanka shares close little changed

Sri Lankan shares ended largely flat on Tuesday as losses in five sectors, led by real estate, were countered by...

Published 08 Jul, 2025 05:19pm

Commodities

India’s MCX to launch electricity futures as hedge against weather-driven demand shifts

MUMBAI: India’s Multi Commodity Exchange will launch the country’s first electricity futures contracts on Thursday,...

Published 08 Jul, 2025 05:16pm

Financial

India bonds end lower on tepid demand for state debt

MUMBAI: Indian government bonds slipped on Tuesday, after remaining largely range bound through the day, as...

Published 08 Jul, 2025 05:08pm

Companies

IBM rolls out new chips and servers, aims for simplified AI

SAN FRANCISCO: International Business Machines on Tuesday announced a new line of data center chips and servers that...

Published 08 Jul, 2025 04:43pm

Markets

Jane Street to challenge India ban, says it engaged in basic arbitrage

BENGALURU: Jane Street has told staff it will contest a ban by India’s financial regulator which has accused the...

Published 08 Jul, 2025 04:41pm

South Asia

India’s Kerala state seeks $1.1 billion in compensation from MSC over oil spill

NEW DELHI: India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1...

Published 08 Jul, 2025 04:37pm

Energy

India aims to import about 10% of its cooking gas from US from 2026, say sources

NEW DELHI: India plans to source about 10% of its cooking gas imports from the U.S. beginning in 2026 as part of a...

Published 08 Jul, 2025 04:33pm

Forex

Indian rupee inches up tracking regional peers, spotlight stays on tariffs

MUMBAI: The Indian rupee posted modest gains on Tuesday, tracking strength in regional peers, as markets looked past...

Published 08 Jul, 2025 04:28pm

Stocks

Financials lead Indian equity benchmarks higher; tariff jitters cap gains

India’s benchmark indexes inched up on Tuesday, led by gains in financials, though broader market weakness and...

Published 08 Jul, 2025 04:26pm

Commodities

Growth concerns weigh, but dollar helps buoy copper prices

LONDON: Copper prices held firm on Tuesday, supported by a lower dollar while gains were capped by worries about...

Published 08 Jul, 2025 04:23pm

Commodities

Palm firms tracking rival oils

JAKARTA: Malaysian palm oil futures rose for a second session on Tuesday to its highest closing innearly three...

Published 08 Jul, 2025 04:21pm

Industry

PM Shehbaz calls for comprehensive agri-plan

Prime Minister Shahbaz Sharif on Tuesday called for a comprehensive action plan to increase agricultural production...

Published 08 Jul, 2025 03:59pm

Business & Finance

United Brands Limited appoints Zubair Razzak as CEO

United Brands Limited (UBDL) announced on Tuesday the appointment of Zubair Razzak Palwala as its Chief Executive...

Published 08 Jul, 2025 03:37pm

Companies

Pakistan’s banknotes manufacturer PSPC absorbs NSPC in strategic merger

Pakistan Security Printing Corporation (PSPC), the company engaged in manufacturing banknotes and other security...

Published 08 Jul, 2025 02:51pm

Business & Finance

Pakistan’s EV sector is ‘like a newborn baby’, needs time to evolve, say experts

With global battery costs dropping, a mass EV transition is expected by 2027, says one expert

Published 08 Jul, 2025 02:21pm

Mutual Funds

Euro zone bond yields inch higher as traders await tariff news

LONDON: Euro zone bond yields nudged up in early trading on Tuesday, a muted reaction to the United States’...

Published 08 Jul, 2025 01:05pm

Forex

South African rand firms despite Trump tariff news

JOHANNESBURG: The South African rand edged up in early trade on Tuesday, buoyed by hopes the country could still...

Published 08 Jul, 2025 01:04pm

Stocks

European shares flat as investors assess new US tariff proposals

European shares were muted on Tuesday as investors assessed US President Donald Trump’s new tariff proposals for a...

Published 08 Jul, 2025 01:02pm

Business & Finance

Shein files for Hong Kong IPO to save London listing, FT reports

China-founded fast-fashion retailer Shein has filed for an IPO in Hong Kong to accelerate the listing process and...

Published 08 Jul, 2025 12:10pm

Companies

ELFA and Bykea: powering Pakistan’s gig economy with electric mobility

In a landmark collaboration to help accelerate Pakistan’s transition toward electric mobility, ELFA Electric...

Published 08 Jul, 2025 12:07pm

Business & Finance

Vietnam central bank to prioritise growth for rest of year amid global uncertainties

HANOI: Vietnam’s central bank said on Tuesday it will continue to adopt flexible monetary policies for the rest of...

Published 08 Jul, 2025 11:54am

Mutual Funds

India bond yields may inch higher tracking US peers, oil

MUMBAI: Indian government bond yields are likely to rise marginally in early deals on Tuesday, in line with the...

Published 08 Jul, 2025 11:54am

Mutual Funds

Philippines raises $532mn from T-bond offer

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of reissued 2032 T-bonds...

Published 08 Jul, 2025 11:53am

Mutual Funds

Japan’s super-long bonds slide ahead of crucial upper house election

TOKYO: Japan’s super-long-dated bonds continued to decline on Tuesday as investors evaluated the potential outcome...

Published 08 Jul, 2025 11:51am

Companies

Novartis gets approval for first malaria drug for babies and children

ZURICH: Novartis on Tuesday said it had received approval in Switzerland for Coartem, which it said was the first...

Published 08 Jul, 2025 11:50am

Forex

Australia dollar jumps as RBA shocks with steady rates

SYDNEY: The Australian dollar bolted higher on Tuesday after the country’s central bank shocked investors by not...

Published 08 Jul, 2025 11:48am

Business & Finance

Australia’s central bank keeps rates at 3.85%, stuns markets

SYDNEY: Australia’s central bank on Tuesday left its cash rate steady at 3.85%, a shock for markets that had...

Published 08 Jul, 2025 11:47am

Commodities

Iron ore stays calm amid China uncertainty, US tariff turmoil: Russell

LAUNCESTON: Iron ore prices have been a model of stability in recent months despite the increasing clouds over the...

Published 08 Jul, 2025 11:46am

Commodities

Indonesia palm oil group says palm oil exports to US may fall due to tariffs

JAKARTA: Indonesian palm oil exports to the United States may fall due to the 32% tariffs threatened on Indonesian...

Published 08 Jul, 2025 11:45am

Forex

Yuan hits two-week low on renewed US tariff worries, prompts state bank buying

SHANGHAI: China’s yuan briefly weakened to a two-week low against the dollar on Tuesday on renewed investor worries...

Published 08 Jul, 2025 11:44am

Stocks

China, Hong Kong shares rise as Beijing’s efforts to curb price wars lift sentiment

China's blue-chip CSI300 Index climbed 0.7% by the lunch break

Published 08 Jul, 2025 11:42am

Commodities

Corn falls for second session, near one-week low on US crop outlook

SINGAPORE: Chicago corn futures lost more ground on Tuesday, dropping to their lowest in almost a week as improved...

Published 08 Jul, 2025 11:41am

Forex

South Korean won, Thai baht firm on hopes US trade deals still salvageable

The South Korean won and Thai baht rebounded on Tuesday after President Donald Trump confirmed their US tariff rates...

Published 08 Jul, 2025 11:40am

Stocks

Japan’s Nikkei buoyed by weak yen as Trump tariff deadline delayed

TOKYO: Japan’s Nikkei share average rose on Tuesday, buoyed by a weakening yen and as US President Donald Trump gave...

Published 08 Jul, 2025 11:38am

Commodities

Copper prices ease on trade tariff uncertainty, Chile supply outlook

SINGAPORE: Copper prices eased on the London Metal Exchange and Shanghai Futures Exchange on Tuesday, as uncertainty...

Published 08 Jul, 2025 11:37am

Stocks

South Korean shares rise as Trump extends tariff pause

The benchmark KOSPI was up 27.86 points

Published 08 Jul, 2025 11:35am

Stocks

Australian shares retreat ahead of rate cut; Trump tariff warnings stir unease

Australian shares slipped on Tuesday, dragged by energy and mining stocks, with investors retreating to the...

Published 08 Jul, 2025 11:33am

Business & Finance

‘Honri-VE’: Dewan Farooque Motors assembles over 300 units of Chinese EV

Dewan Farooque Motors Limited (DFML) has locally assembled more than 300 units of a Chinese electric vehicle (EV)...

Published 08 Jul, 2025 10:55am

Stocks

KSE-100 settles flat amid late profit-taking

During trading, the benchmark index crossed 134,000 level

Updated 08 Jul, 2025 11:00pm

Exchange

Rupee slips lower against US dollar

Currency settles at 284.36 against greenback

Updated 08 Jul, 2025 06:58pm

Companies

Moonis Alvi reappointed K-Electric CEO

K-Electric, the sole electricity provider in Karachi, has reappointed Syed Moonis Abdullah Alvi as the company’s...

Published 08 Jul, 2025 10:03am

Business & Finance

Goldman Sachs lifts S&P 500 return forecasts on Fed outlook, large-cap stocks

SINGAPORE: Goldman Sachs has raised its three-, six- and 12-month return forecasts for the S&P 500, citing...

Published 08 Jul, 2025 08:28am

Markets

Gold holds ground as investors assess US tariff hike

Gold held steady on Tuesday after U.S. President Donald Trump unveiled higher tariffs on imports from Japan, South...

Published 08 Jul, 2025 08:25am

Taxes

Textile exporters demand govt address unresolved budget anomalies

FAISALABAD: The textile export industry has urged the Government to immediately address unresolved budget anomalies...

Published 08 Jul, 2025 08:16am

Industry

Naqvi assures KCCI: Efforts will be made to help UAE visa issue

KARACHI: Federal Minister for Interior & Narcotics Control, Syed Mohsin Raza Naqvi, while acknowledging the...

Published 08 Jul, 2025 08:14am

Stocks

Indian shares to open muted on tariff jitters; Trump says India deal close

India’s benchmark shares are likely to open muted on Tuesday due to uncertainty over U.S. trade policies, as...

Published 08 Jul, 2025 08:13am

Companies

PTCL deploys 5G-ready connectivity solutions at Sukh Chayn Residence

KARACHI: PTCL Group (PTCL & Ufone 4G) in collaboration with Huawei, has deployed state-of-the-art connectivity...

Published 08 Jul, 2025 08:11am

Forex

Relief for Indian rupee after India left out of US tariff hike; Asia shrugs off Trump move

MUMBAI: The Indian rupee is likely to open marginally higher on Tuesday, helped by the calm in Asian markets despite...

Published 08 Jul, 2025 08:10am

Asia

Japan, South Korea face 25% tariffs as Trump ramps up trade war in letters to leaders

WASHINGTON/BRUSSELS: US President Donald Trump on Monday began telling trade partners - from powerhouse suppliers...

Published 08 Jul, 2025 07:59am

Forex

Yen stumbles as Trump imposes 25% tariffs on Japan

SINGAPORE: The yen fell broadly on Tuesday while the dollar held steady as U.S. President Donald Trump unveiled 25%...

Published 08 Jul, 2025 07:53am

Energy

Oil prices ease as traders assess US tariffs and OPEC+ output boost

LONDON: Oil prices retreated on Tuesday, having climbed almost 2% in the previous session, as investors assessed the...

Updated 08 Jul, 2025 07:11pm

Stocks

Shares steady, dollar firms on US tariff letters; oil dips

TOKYO: Stock markets in Asia took in stride the latest twist in U.S. President Donald Trump’s tariff roll-out on...

Updated 08 Jul, 2025 10:23am

Energy

OGDCL boosts oil, gas production at Rajian-05 well in Chakwal

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has successfully enhanced production at its Rajian ...

Published 08 Jul, 2025 07:24am

Industry

TDAP approves Pakistan’s strategic export initiatives, restructuring plans

ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) Board approved Strategic Export Initiatives and...

Updated 08 Jul, 2025 12:11pm

Taxes

MVT more than doubled in FY25

ISLAMABAD: In the outgoing financial year, the motor vehicle tax increased by more than 100 percent in both urban ...

Published 08 Jul, 2025 06:36am

Business & Finance

PM launches first-ever AI-powered customs clearance, RSM

ISLAMABAD: In a game-changing move set to revolutionise the trade and tax landscape, Prime Minister Shehbaz Sharif ...