News Archives for Business & Finance - 2025-07-10

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Business & Finance - 2025-07-10

Taxes

Reviews filed by importers: FBR directs customs officials to conduct virtual hearings

ISLAMABAD: In a major move to promote trade facilitation, the Federal Board of Revenue (FBR) has directed customs...

Published 10 Jul, 2025 09:51pm

Markets

Stakeholders urge global promotion of Sindhri Mango, emphasise IP rights and R&D

KARACHI: Exporters, importers, progressive farmers, and officials have pleaded for promoting Sindhri Mango at...

Published 10 Jul, 2025 09:22pm

Business & Finance

Pakistan signs €20mn grant deal with EU to boost governance, business environment

ISLAMABAD: Pakistan and the European Union (EU) on Thursday signed a €20 million grant agreement to launch the...

Updated 10 Jul, 2025 10:02pm

Markets

Car sales in Pakistan jump 43% in fiscal year 2024-25

KARACHI: Car sales in Pakistan jumped by 43% in the fiscal year 2024-25, the Pakistan Automotive Manufacturers...

Published 10 Jul, 2025 08:33pm

Stocks

S&P 500, Nasdaq slip as investors eye trade talks; Delta Air soars

The S&P 500 and the Nasdaq nudged lower on Thursday, as investors monitored developments around U.S. President...

Published 10 Jul, 2025 07:50pm

Financial

India central bank raises quantum for seven-day liquidity withdrawal operation

India’s central bank said on Thursday it will conduct a seven-day variable rate reverse repo (VRRR) auction worth...

Published 10 Jul, 2025 07:46pm

Stocks

Gulf stocks steady as investors await clarity on US trade policies

Gulf stocks ended Thursday’s session largely unchanged as investors sought further clarity on U.S. trade policy...

Published 10 Jul, 2025 07:08pm

Commodities

Wheat steady-up 6 cents, corn steady-down 2, soy down 1-7

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

Published 10 Jul, 2025 07:04pm

Financial

India’s ban on Jane Street hits options volumes; rebound expected in coming weeks

The Indian markets regulator’s ban on Wall Street trading giant Jane Street has squeezed volumes in the country’s...

Published 10 Jul, 2025 06:56pm

Business & Finance

Tribunal upholds CCP’s order against price fixing in home appliances sector

CCP urges all undertakings to refrain from all forms of price fixing

Published 10 Jul, 2025 06:33pm

Companies

India plans to tighten oversight of claims portal to curb rising healthcare costs, source says

NEW DELHI: India plans to bring an existing health insurance claims portal under the finance ministry and insurance...

Published 10 Jul, 2025 05:46pm

Companies

India’s TCS misses first quarter revenue view as CEO flags demand contraction

BENGALURU: India’s Tata Consultancy Services reported lower-than-expected first-quarter revenue on Thursday as...

Published 10 Jul, 2025 05:38pm

Currency

Nigerian and Ghanaian currencies among those seen stable

ABUJA: The Nigerian, Ghanaian, Ugandan, Kenyan and Zambian currencies are expected to be stable against the dollar...

Published 10 Jul, 2025 05:32pm

Companies

India’s Glenmark Pharma unit, Abbvie sign exclusive licensing pact

India’s Glenmark Pharmaceuticals said on Thursday its innovation arm, Ichnos Glenmark Innovation (IGI), and AbbVie...

Published 10 Jul, 2025 05:17pm

Financial

India bonds flat; traders eye debt supply, RBI liquidity move

MUMBAI: Indian government bonds ended largely unchanged on Thursday as traders awaited a fresh debt supply and...

Published 10 Jul, 2025 05:14pm

Money & Banking

State Bank of India to plan $2.9bn share sale as soon as next week

State Bank of India, the country’s largest lender by assets, is preparing to sell as much as 250 billion rupees...

Published 10 Jul, 2025 04:36pm

Companies

Indian Oil to upgrade Panipat diesel refinery for green jet fuel production

NEW DELHI: Indian Oil Corp plans to shut its 300,000 barrels-per-day diesel desulphuriser unit at its Panipat...

Published 10 Jul, 2025 04:34pm

Companies

India automaker Mahindra, parts maker Minda eye local magnet production

NEW DELHI: Indian auto company Mahindra & Mahindra and parts maker Uno Minda are looking to make rare earth...

Published 10 Jul, 2025 04:32pm

Forex

Indian rupee ends nearly flat, importer dollar bids hinder attempts to rise

MUMBAI: The Indian rupee ended little changed on Thursday, as traders steered clear of aggressive directional bets...

Published 10 Jul, 2025 04:27pm

Stocks

India’s benchmarks slip on IT drag ahead of TCS earnings

India’s equity benchmarks slipped on Thursday, dragged by information technology stocks on expectations of “soft”...

Published 10 Jul, 2025 04:21pm

Commodities

US copper bounces after Trump sets a tariff date, but below peak

LONDON: U.S. copper prices rebounded on Thursday after U.S. President Donald Trump said a 50% tariff would start on...

Published 10 Jul, 2025 04:18pm

Commodities

Palm oil falls on rising June stockpile

JAKARTA: Malaysian palm oil futures fell on Thursday, snapping three sessions of gains as inventory in the world’s...

Published 10 Jul, 2025 04:16pm

Companies

Beco Steel makes first copper export to Hong Kong

Beco Steel Limited (BECO) has successfully shipped its first export consignment of copper ingot to Hong Kong, China....

Published 10 Jul, 2025 04:11pm

Financial

Gold price per tola gains Rs3,200 in Pakistan

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

Published 10 Jul, 2025 03:44pm

Business & Finance

Finance minister urges population as key criterion in NFC Award formula

Finance Minister Muhammad Aurangzeb has called for the population to be recognised as a core allocation criterion in...

Published 10 Jul, 2025 03:32pm

Business & Economy

Pakistan eyes $1bn valuation in Roosevelt Hotel redevelopment plan, source says

Roosevelt Hotel is seen as one of Pakistan’s most valuable foreign assets

Updated 10 Jul, 2025 10:14pm

Companies

Dewan Farooque Motors starts manufacturing 300km range EVs

Dewan Farooque Motors Limited (DFML) has initiated manufacturing and assembly of 300km range electric vehicles (EVs)...

Published 10 Jul, 2025 02:31pm

Stocks

European shares rise as investors focus on US-EU trade talks

European shares rose on Thursday, underpinned by mining stocks, as investors awaited progress on a potential trade...

Published 10 Jul, 2025 02:17pm

Stocks

Gulf markets show mixed reaction to Trump’s tariffs

Major stock markets in the Gulf were mixed in early trade on Thursday, as investors weighed the potential impact of...

Published 10 Jul, 2025 02:14pm

Companies

Ford recalls more than 850,000 vehicles in US over fuel pump defect

Ford Motor is recalling 850,318 vehicles in the US due to a potential low-pressure fuel pump failure, which could...

Published 10 Jul, 2025 02:09pm

Companies

Kohat Cement enters real estate sector with Rs750mn investment

Kohat Cement Company Limited has announced the formation of a wholly-owned subsidiary, Ultra Properties (Private)...

Published 10 Jul, 2025 01:54pm

Companies

Tata Textile denies knowledge of price trigger as stock soars 250% in 30 days

Tata Textile Mills Limited said on Thursday that it was not aware of any matter contributing to the unusual movement...

Published 10 Jul, 2025 12:35pm

Technology

TSMC’s half-year revenue surges 40 percent

TAIPEI: Taiwanese chip giant TSMC reported on Thursday a 40-percent surge in revenue in the first six months on...

Published 10 Jul, 2025 12:23pm

Technology

OpenAI to release web browser in challenge to Google Chrome

SAN FRANCISCO: OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s...

Published 10 Jul, 2025 11:49am

Stocks

South Korean shares rise on Nvidia-driven chip rally, central bank decision

The benchmark KOSPI was up 19.24 points, or 0.61%, at 3,152.98

Published 10 Jul, 2025 11:32am

Stocks

Banks and miners lead Australian shares higher; Trump broadens trade war

Australian shares tracked Wall Street higher on Thursday with banks and miners leading the gain, while US President...

Published 10 Jul, 2025 11:29am

Commodities

Donald Trump announces 50% tariff on copper effective August 1

WASHINGTON: US President Donald Trump announced on Wednesday a new 50% tariff on copper to start on August 1 in a...

Published 10 Jul, 2025 11:27am

Companies

786 Investments Limited secures three-year license renewal

The 786 Investments Limited said on Thursday that its license was renewed for a period of three years. The company...

Published 10 Jul, 2025 11:23am

Commodities

Corn, soybeans fall on US weather; wheat slips for fifth session

SINGAPORE: Chicago corn futures slid on Thursday, falling for three out of four sessions, while soybeans lost more...

Published 10 Jul, 2025 11:18am

Stocks

Japan’s Nikkei slips as election, US tariffs weigh; Disco gains

TOKYO: Japan’s Nikkei share gauge slipped on Thursday, stalling ahead of the key 40,000 level, as trade frictions...

Published 10 Jul, 2025 11:15am

Mutual Funds

Long-term JGBs rally ahead of 20-year auction as election weighs

TOKYO: Long-term Japanese government bonds (JGBs) rallied on Thursday ahead of an auction that will test investor...

Published 10 Jul, 2025 11:12am

Forex

Australia, NZ dollars lean on support as stocks shrug off tariff concerns

SYDNEY: The Australian and New Zealand dollars edged up on Thursday, having managed to hold onto key support levels...

Published 10 Jul, 2025 11:01am

Technology

Tesla to expand robotaxi service to San Francisco Bay Area within two months

SAN FRANCISCO: Tesla will expand its robotaxi service in the San Francisco Bay Area “in a month or two”, depending...

Published 10 Jul, 2025 10:59am

Mutual Funds

India bond yields to be rangebound before debt sale; RBI liquidity plan key

MUMBAI: Indian government bond yields are expected to be largely unchanged in early deals on Thursday, as market...

Published 10 Jul, 2025 10:55am

Exchange

Rupee declines against US dollar

Currency settles at 284.56 against greenback in interbank market

Updated 10 Jul, 2025 06:16pm

Exchange

Bulls return to bourse, KSE-100 settles at new record high

After observing a sharp correction in the previous session, optimism returned to the Pakistan Stock Exchange (PSX),...

Updated 10 Jul, 2025 06:49pm

Stocks

Indian shares set for higher open on trade, earnings optimism

India’s stock benchmarks are poised to open higher on Thursday, supported by expectations of a trade deal with the...

Published 10 Jul, 2025 08:23am

Forex

Indian rupee likely to open slightly higher, tracking Asia; Trump tariff impact muted

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

Published 10 Jul, 2025 08:21am

Markets

Gold edges higher on softer dollar, trade war intensifies

Gold prices edged higher on Thursday, helped by a slight retreat in the dollar and bond yields, while investors kept...

Published 10 Jul, 2025 08:17am

Forex

Dollar catches breath, Brazil real slides on tariff threat; bitcoin near record high

TOKYO: The US dollar slipped further from a two-week high versus major peers on Thursday, as President Donald...

Published 10 Jul, 2025 08:15am

Currency

Bitcoin soars to all-time peak just shy of $112,000

NEW YORK: Bitcoin climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk...

Published 10 Jul, 2025 08:06am

Energy

Oil edges down amid bearish Trump tariff outlook

LONDON: Oil prices edged lower on Thursday as investors weighed the potential impact of U.S. President Donald...

Updated 10 Jul, 2025 05:49pm

Stocks

Asia shares helped by Nvidia high as investors unfazed by Trump’s tariff moves

SINGAPORE: Asian stocks rose slightly on Thursday, riding on optimism from Nvidia’s brief rise to a world-record $4...

Published 10 Jul, 2025 08:01am

Companies

NBP and Jubilee Life launch Shariah-compliant insurance plans

KARACHI: Jubilee Life Insurance has partnered with National Bank of Pakistan (NBP) to launch two financial ...

Published 10 Jul, 2025 07:56am

Companies

‘Eighteen Welcomes You’ campaign launched

ISLAMABAD: Eighteen, Pakistan’s premier luxury real estate development, announced the launch of its latest...

Published 10 Jul, 2025 07:49am

Industry

Seminar discusses role of AI in corporate sector

HYDERABAD: An engaging seminar on the role of Artificial Intelligence (AI) in the corporate sector and industries ...

Published 10 Jul, 2025 07:46am

Pakistan

PAD to distribute 10,000 subsidised tractors to farmers

LAHORE: The Punjab agriculture department is all set to invite applications for second phase of the green tractor...

Published 10 Jul, 2025 07:45am

Business & Finance

Commercial properties: UBG slams imposition of 16pc ST on rental

LAHORE: S. M. Tanveer, Patron-in-Chief United Business Group (UBG) has expressed concern over the imposition of a ...

Published 10 Jul, 2025 07:40am

Industry

PCJCCI underscores vast potential of food-processing sector

LAHORE: The Pakistan China Joint Chamber of Commerce & Industry (PCJCCI) today underscored the vast potential of...

Published 10 Jul, 2025 07:37am

Business & Finance

CAT dismisses ICAP’s plea against CCP order

ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by the Institute of Chartered...

Published 10 Jul, 2025 07:31am

Industry

Alleged cartelization & anti-competitive conduct: CCP issues notices to PSMA, member sugar mills

ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued notices to the Pakistan Sugar Mills Association...

Published 10 Jul, 2025 07:30am

Pakistan

Climate resilience: CEO speaks about Telenor’s increasing focus

ISLAMABAD: At the National Conference on Climate Challenges in Pakistan, Khurrum Ashfaque, CEO of Telenor Pakistan,...

Published 10 Jul, 2025 07:27am

Industry

Experts for tapping potential of marine, inland fisheries

ISLAMABAD: Speakers at a seminar have emphasised the urgent need to recognise and harness the untapped potential of...

Published 10 Jul, 2025 07:23am

Business & Finance

Cashless economy: Minister assures support to PM’s vision

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja reaffirmed full...

Published 10 Jul, 2025 07:16am

Industry

Govt to import sugar through TCP

ISLAMABAD: The government on Wednesday decided that sugar will be imported through the Trading Corporation of...

Published 10 Jul, 2025 07:03am

Money & Banking

SBP selects PDs, SPDs for current fiscal year

KARACHI: The State Bank of Pakistan (SBP) has announced the appointment of Primary Dealers (PDs) and Special Purpose...

Published 10 Jul, 2025 06:11am

Business & Finance

Panda Bond: MoF makes pre-marketing initiatives

ISLAMABAD: Representatives of the Ministry of Finance, government of Pakistan, have initiated a series of...