News Archives for Business & Finance - 2025-07-15

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Business & Finance - 2025-07-15

Business & Finance

Govt hikes petrol price by Rs5.36, diesel by Rs11.37 per litre

The new prices come into effect from midnight

Published 15 Jul, 2025 11:57pm

Business & Finance

Cabinet committee expresses concern over failure by SOEs to complete their financial audits

Instructs SECP to examine such cases and present findings in due course

Published 15 Jul, 2025 09:59pm

Companies

Traders agree to defer strike after progress in talks with govt, says Finance Ministry

The government on Tuesday agreed to form a high-powered committee to address the business community’s concerns over...

Published 15 Jul, 2025 09:30pm

Money & Banking

India’s MTNL defaults on $1 billion of loans from seven public sector banks

BENGALURU: India’s Mahanagar Telephone Nigam has defaulted on loans totaling 85.85 billion rupees ($1 billion), the...

Published 15 Jul, 2025 09:29pm

Technology

BYD’s Shark 6 pickup to launch in Pakistan next week

Launch comes as Chinese-made cars gain popularity in country

Published 15 Jul, 2025 06:02pm

Business & Finance

Revoo Dealers Conference 2025: igniting the future of electric mobility in Pakistan

Under the sparkling lights of PC Hotel Lahore, Revoo Pakistan gathered its nationwide network of dealers, corporate...

Published 15 Jul, 2025 05:54pm

Money & Banking

Pakistan’s banking sector’s ADR drops to 38% as of June

The banking sector’s gross Advance-to-Deposit Ratio (ADR) maintained its downward trajectory, clocking in at 38% as...

Published 15 Jul, 2025 03:19pm

Commodities

Gold price per tola falls Rs700 in Pakistan

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

Updated 15 Jul, 2025 06:48pm

Stocks

Most Gulf markets gain ahead of key US data, trade talks

Most major stock markets in the Gulf rose in early trade on Tuesday ahead of U.S. inflation data due later in the...

Published 15 Jul, 2025 02:30pm

Technology

Oracle to invest $3 billion in AI, cloud expansion in Germany, Netherlands

Oracle will invest $3 billion over the next five years in artificial intelligence and cloud infrastructure in...

Published 15 Jul, 2025 02:21pm

Financial

India’s trade deficit in June at $18.78 billion

NEW DELHI: India’s merchandise trade deficit in June stood at $18.78 billion, according to Reuters’ calculations...

Published 15 Jul, 2025 02:12pm

Companies

Fazal Cloth Mills denies knowledge of price trigger as stock soars 132% in 30 days

Fazal Cloth Mills Limited (FZCM) said that it was not aware of any matter contributing to the unusual movement in...

Published 15 Jul, 2025 01:50pm

Companies

Pakistan’s Zarea sets up subsidiary in Dubai to drive global expansion

Zarea Limited, one of Pakistan’s largest commodities B2B platforms, has taken a key step towards global expansion...

Published 15 Jul, 2025 01:07pm

Markets

Govt presents ‘compelling evidence’ of Pakistan’s economic recovery to Moody’s

Discussions with US on preferential tariff access making encouraging headway, says Aurangzeb

Updated 15 Jul, 2025 07:10pm

Financial

Euro area bond yields drop before US inflation data

Euro area government bond yields edged lower on Tuesday as investors await U.S. inflation data later in the session...

Published 15 Jul, 2025 12:40pm

Markets

Pakistan develops its first-ever indigenous biomolecule to make anti-rabies vaccine

KARACHI: In a historical breakthrough in health and medical sciences, Dow University of Health Sciences (DUHS) has...

Updated 15 Jul, 2025 02:52pm

Forex

Standard Chartered launches bitcoin, ether spot trading for institutional clients

HONG KONG: Standard Chartered has introduced spot trading for bitcoin and ether through its UK branch for...

Published 15 Jul, 2025 12:35pm

Commodities

Japan rubber futures snap five-day winning streak on seasonal weather relief

Japanese rubber futures dipped on Tuesday, snapping a five-day winning streak, as easing rainfall in top producer...

Published 15 Jul, 2025 12:30pm

Stocks

European shares edge higher as US-EU trade talks hopes buoy sentiment

European shares nudged higher on Tuesday, driven by automobile stocks, as sentiment improved after U.S. President...

Published 15 Jul, 2025 12:25pm

Commodities

Pakistan cuts volume sought in sugar tender to 50,000 tons

HAMBURG: Pakistan’s state agency the Trading Corporation of Pakistan has reduced the volume of white refined sugar...

Published 15 Jul, 2025 12:02pm

Stocks

China stocks wobble after GDP data while HK gains on tech rally

HONG KONG: China stocks struggled for direction on Tuesday as the second quarter economic growth slowed, while a...

Updated 15 Jul, 2025 02:27pm

Companies

Nvidia to resume sales of AI chip to China as CEO visits Beijing

BEIJING/HONG KONG: Nvidia said it plans to resume sales of its H20 artificial intelligence chip to China, days after...

Published 15 Jul, 2025 11:37am

Companies

Indian drugmaker Anthem Biosciences’ $395 million IPO fully subscribed on day two

Indian drugmaker Anthem Biosciences’ $395 million public listing was fully subscribed on the second day of bidding,...

Published 15 Jul, 2025 11:34am

Technology

India markets regulator approves WeWork franchisee’s IPO

India’s markets regulator has approved an initial public offering by WeWork India Management , the domestic...

Published 15 Jul, 2025 11:26am

Companies

Nissan says Oppama plant will stop production by end of FY2027/28

TOKYO: Nissan Motor Co will cease vehicle production at its Oppama plant in Japan by the end of March 2028 and...

Published 15 Jul, 2025 11:20am

Companies

IHC suspends earlier order directing TRG Pakistan to hold elections

TRG Pakistan Limited (TRG) informed that the Islamabad High Court (IHC) has issued an interim order suspending its...

Updated 16 Jan, 2026 01:07pm

World

Some airlines checking Boeing fuel switches after Air India crash

NEW DELHI: India on Monday ordered its airlines to examine fuel switches on several Boeing models, while South Korea...

Published 15 Jul, 2025 11:17am

Financial

Japan’s 30-year bond yield hits record high ahead of key election

TOKYO: Japan’s 30-year government bond fell on Tuesday, with the yield hitting a record high, on concerns about the...

Published 15 Jul, 2025 11:12am

Commodities

Copper prices fluctuate as China GDP meets forecast, markets eye US data

SINGAPORE: Copper prices on the London Metal Exchange and the Shanghai Futures Exchange saw narrow fluctuations on...

Published 15 Jul, 2025 11:08am

Commodities

Iron ore dips as sluggish China property data weighs

SINGAPORE: Iron ore futures prices eased on Tuesday as persistent weakness in China’s property sector dampened...

Published 15 Jul, 2025 11:05am

Forex

Australia, NZ dollars little inspired by mixed China GDP data

SYDNEY: The Australian and New Zealand dollars found little support on Tuesday from mixed Chinese GDP data, with...

Published 15 Jul, 2025 11:02am

Companies

Pakistan’s Fast Cables joins UAE’s energy giant vendor network

Fast Cables Limited has achieved a significant milestone by becoming the ‘first cable manufacturer in Pakistan’ to...

Published 15 Jul, 2025 10:55am

Companies

Tesla to sell Model Y cars in India, starting at $69,770

MUMBAI: Tech entrepreneur Elon Musk’s Tesla is selling its Model Y cars in India starting at about $69,770, its...

Published 15 Jul, 2025 10:51am

Currency

China’s yuan holds steady amid stimulus hopes after Q2 GDP data

SHANGHAI: China’s yuan held steady against the dollar on Tuesday as a firmer-than-expected official guidance rate...

Published 15 Jul, 2025 10:40am

Commodities

Gold supported by trade tensions ahead of US inflation data

Gold prices rose on Tuesday with global trade tensions supporting demand for safe-haven assets, and investors...

Published 15 Jul, 2025 10:37am

Commodities

Palm trades lower on profit-taking, market awaits export data

JAKARTA: Malaysian palm oil futures extended losses on Tuesday due to profit-taking, snapping a two-session winning...

Published 15 Jul, 2025 10:35am

Stocks

South Korean shares close at near four-year high as Samsung Electronics jumps

KOSPI closed up 13.25 points, or 0.41%, at 3,215.28

Updated 15 Jul, 2025 12:37pm

Currency

Indian rupee to dig its heels near 86/USD before US inflation data test

MUMBAI: The Indian rupee is expected to hold near the key 86-per-dollar level on Tuesday, with traders awaiting U.S....

Published 15 Jul, 2025 10:30am

Financial

India bonds yields steady around key levels as RBI to mop up liquidity

MUMBAI: Indian government bond yields were largely steady after rising in opening trades on Tuesday, as traders cool...

Published 15 Jul, 2025 10:27am

Stocks

Australian shares rise to record close as investors shrug off US tariff fears

Australian shares settled at a record high closing level on Tuesday, driven by gains in banks, healthcare and...

Updated 15 Jul, 2025 12:42pm

Stocks

Rupee records slight gain against US dollar

Currency settles at 284.67 against greenback

Updated 15 Jul, 2025 06:31pm

Stocks

Japan’s Nikkei rises as Nvidia’s AI China news lifts chip-related shares

TOKYO: Japan’s Nikkei ended higher on Tuesday as chip stocks rallied after Nvidia’s plan to resume AI chip sales in...

Updated 15 Jul, 2025 12:27pm

Stocks

India’s HCLTech slides on lower annual operating margin forecast

Shares of HCLTech dropped about 4% on Tuesday, a day after India’s No. 3 software services provider lowered its...

Published 15 Jul, 2025 10:21am

Stocks

Currencies, stocks in tight range as markets gauge tariffs, China data

Currencies and equities in emerging Asia traded in a tight range on Tuesday, as investors remained cautious over...

Published 15 Jul, 2025 10:19am

Forex

Dollar holds near 3-week high before CPI; bitcoin eases back from record peak

TOKYO: The dollar hovered near a three-week high versus major peers on Tuesday as traders awaited the release of...

Published 15 Jul, 2025 10:16am

Energy

Oil eases as Trump’s 50-day deadline for Russia reduces supply fears

NEW YORK: Oil prices edged lower on Tuesday after U.S. President Donald Trump’s 50-day deadline for Russia to end...

Updated 15 Jul, 2025 09:55pm

Stocks

Late profit-taking wipes out intra-day gains at KSE-100 Index

Benchmark index settles at 135,939.87

Updated 15 Jul, 2025 07:07pm

Industry

Traders vow their unwavering support to LCCI

LAHORE: The Lahore Chamber of Commerce and Industry witnessed a massive show of strength at its Traders Convention,...

Published 15 Jul, 2025 07:12am

Industry

Trade bodies urge PM to abolish all ‘black laws’

KARACHI: Leaders of trade bodies have urged the Prime Minister Shehbaz Sharif to abolish all black laws like Section...

Published 15 Jul, 2025 07:09am

Industry

Build Pakistan Exhibition and Conference 2025: Housing ministry and Fakt Exhibitions sign MoU

ISLAMABAD: The Ministry of Housing and Works has entered into a strategic partnership with Fakt Exhibitions (Pvt.)...

Published 15 Jul, 2025 07:06am

Business & Finance

Customs Directorate: FBR issues SOP to boost audit capacity

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a Standard Operating Procedure (SOP) to assist 60 external...

Published 15 Jul, 2025 06:51am

Business & Finance

Virtual Asset Ordinance 2025: Explanation and comments—II

Redemption of Asset Reference Token An Issuer of an Asset-Referenced token shall maintain arrangements for the...

Updated 15 Jul, 2025 07:57am

Industry

FCCI chief visits Makkah Chamber: ‘Direct contacts between traders should be promoted’

FAISALABAD: Brotherly relations between Pakistan and Saudi Arabia must be translated into economic terms and in this...

Published 15 Jul, 2025 06:40am

Business & Finance

Sugar imports, exports: ‘Govt’s handling inflicts billions of rupees in losses’

KARACHI: Syed Aman Shah, Provincial Convener Balochistan of the Awam Pakistan Party, has said that the ...

Published 15 Jul, 2025 06:34am

Business & Finance

Inaccurate accounts: Audit firms to undergo AOB inspection

ISLAMABAD: The Federal Board of Revenue (FBR) will refer audit firms for inspection by the Audit Oversight Board in...

Published 15 Jul, 2025 06:31am

Companies

Meezan Bank, THF ink MoU to assist youths

KARACHI: Meezan Bank has signed a Memorandum of Understanding (MoU) with The Hunar Foundation (THF) to bridge the...

Published 15 Jul, 2025 06:29am

Business & Finance

Financial property of MoFA: PAC panel highlights serious lapses

ISLAMABAD: A sub-committee of the Public Accounts Committee (PAC) on Monday highlighted serious lapses in financial...

Published 15 Jul, 2025 06:23am

Companies

Second edition of Foodpreneur Programme launched

LAHORE: National Foods Limited, in collaboration with Master Class Pakistan, has launched the second edition of the...

Published 15 Jul, 2025 06:20am

Asia

Malaysia clamps down on export, transit of US-made AI chips

KUALA LUMPUR: Malaysia clamped down Monday on the export, transshipment and transit of all US-made artificial...