News Archives for Business & Finance - 2025-07-18

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Business & Finance - 2025-07-18

Business & Finance

Consensus reached on business community’s demands, says ministry

The Ministry of Industries and Production announced on Friday that the government has reached a consensus with...

Published 18 Jul, 2025 11:48pm

Currency

Gohar says ‘essential to maintain market-based exchange rate’

ISLAMABAD: The country is on track for positive economic development and growth, and any attempt to manipulate the...

Published 18 Jul, 2025 11:14pm

Money & Banking

India’s IndusInd Bank to consider raising funds

IndusInd Bank will consider a proposal to raise funds by issuing long-term bonds at its board meeting on July 23,...

Published 18 Jul, 2025 08:52pm

Stocks

TSX flat as investors assess domestic trade updates

Canada’s main stock index was subdued on Friday, with gains in utilities offsetting declines in industrials, as...

Published 18 Jul, 2025 08:45pm

Technology

India’s LTIMindtree aiming for near double-digit revenue growth by end of FY26

BENGALURU: Indian IT services firm LTIMindtree is targeting near double-digit revenue growth by the end of fiscal...

Published 18 Jul, 2025 08:42pm

Commodities

Wheat up 7-10 cents, corn up 3-6, soybeans up 8-12

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

Published 18 Jul, 2025 08:34pm

South Asia

UK, India likely to unveil trade deal next week, including whisky, EVs, textiles, sources say

NEW DELHI/LONDON: India and Britain are expected to seal a long-awaited free trade deal next week, two Indian...

Published 18 Jul, 2025 08:31pm

Middle East

UAE developer Arada seeks $500 million Islamic bond as construction booms

DUBAI: United Arab Emirates property firm Arada Developments is seeking up to $500 million from an Islamic bond, or...

Published 18 Jul, 2025 08:25pm

Commodities

Global LNG: Asian spot LNG prices decline on muted demand, high inventories

LONDON: Asian spot liquefied natural gas (LNG) prices declined this week due to weaker demand and strong inventories...

Published 18 Jul, 2025 08:19pm

Currency

Pakistan’s real effective exchange rate hits 21-month low in June 2025

REER index clocks in at 96.61, a level last seen in September 2023

Published 18 Jul, 2025 08:04pm

Technology

Pakistan’s IT exports surge to all-time high of $3.8 billion in FY25

Pakistan’s IT exports continued their strong growth trajectory, reaching a record high of $3.8 billion in the...

Published 18 Jul, 2025 07:44pm

Companies

India’s Reliance quarterly profit surges 78%, tops view

Indian billionaire Mukesh Ambani’s Reliance Industries beat estimates for quarterly profit on Friday, powered by...

Published 18 Jul, 2025 07:42pm

Money & Banking

India’s Bandhan Bank quarterly profit slumps on higher bad loan provisions

Indian private lender Bandhan Bank reported a steeper-than-expected 65% drop in first-quarter profit on Friday, hit...

Published 18 Jul, 2025 06:01pm

Commodities

Copper hits one-week high on Chinese buying, hopes for trade deal

LONDON: Copper climbed to a more than one-week high on Friday, driven by Chinese buyers, hopes for a U.S.-China...

Published 18 Jul, 2025 05:56pm

Commodities

Gold price per tola gains Rs2,500 in Pakistan

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

Published 18 Jul, 2025 05:46pm

Companies

CCP raids transformer material suppliers over suspected bid rigging

The Competition Commission of Pakistan (CCP) team raided the offices of four suppliers involved in the provision of...

Published 18 Jul, 2025 05:45pm

Stocks

Abu Dhabi index gains on oil surge, Dubai falls on profit-taking

Abu Dhabi index closed higher on Friday, supported by an increase in oil prices after the European Union introduced...

Published 18 Jul, 2025 05:42pm

Financial

India bonds bound in tight range with fewer cues in sight

MUMBAI: Indian government bonds ended largely unchanged on Friday, as traders eased back after a brief rally...

Published 18 Jul, 2025 05:37pm

Financial

India markets regulator proposes several changes to mutual fund rules

India’s markets regulator on Friday proposed a series of changes to mutual fund scheme rules, including allowing...

Published 18 Jul, 2025 05:35pm

Money & Banking

India to issue climate risk disclosure rules for banks in the next few months, sources say

India’s central bank is close to finalising rules for banks and financial institutions to disclose and manage risks...

Published 18 Jul, 2025 05:31pm

Companies

Stylo makes school shopping fun with free gifts

We all know kids spend over 30 hours a week in their school shoes, so finding a pair that’s comfortable and lasts is...

Published 18 Jul, 2025 05:24pm

Forex

Indian rupee falls for 2nd straight week as dollar perks up, outflows weigh

MUMBAI: The Indian rupee weakened slightly on Friday, falling for a second consecutive week, as the dollar recovered...

Published 18 Jul, 2025 05:21pm

Companies

India’s JSW Steel beats first-quarter profit view as margins improve

India’s JSW Steel reported a bigger-than-expected rise in first-quarter profit on Friday, as easing raw material...

Published 18 Jul, 2025 05:17pm

Forex

South Africa’s rand and stocks gain as G20 finance meeting nears conclusion

JOHANNESBURG: South Africa’s rand and stocks gained on Friday as investors turned their attention to the final day...

Published 18 Jul, 2025 05:08pm

Commodities

Cocoa regains some ground, still set for weekly loss

LONDON: Cocoa futures on ICE rose on Friday but were still set for weekly declines driven by weak second quarter...

Published 18 Jul, 2025 05:06pm

Currency

Pound mixed at end of busy data week, BoE policy top of mind for traders

LONDON: The pound was set to finish the week down on the dollar and a fraction stronger against the euro as traders...

Published 18 Jul, 2025 05:03pm

Commodities

Soybean heads for 3% weekly gain on US demand hopes

CANBERRA/PARIS: Chicago soybean futures rose for a third consecutive session on Friday, on track for a weekly gain...

Published 18 Jul, 2025 04:54pm

Stocks

Financials, IT drag India’s equity benchmarks to third weekly loss

India’s equity benchmarks fell on Friday, logging a third straight weekly decline, as weak earnings from key...

Published 18 Jul, 2025 04:51pm

Stocks

Sri Lankan shares notch fourth straight weekly gain

Sri Lankan shares logged their fourth straight week of gains on Friday, as gains in health care and consumer...

Published 18 Jul, 2025 04:48pm

Commodities

Palm oil makes more than 3% weekly gain for highest close in 14 weeks

JAKARTA: Malaysian palm oil futures closed higher on Friday and posted a third consecutive weekly gain, supported by...

Published 18 Jul, 2025 04:46pm

Money & Banking

Pakistan’s current account posts $2.1bn surplus in FY25

C/A surplus comes amid 27% increase in remittances during FY25

Updated 18 Jul, 2025 04:23pm

Stocks

European shares rise as investors focus on earnings

European shares rose on Friday, boosted by gains in Vestas and Saab, while investors focused on corporate earnings...

Published 18 Jul, 2025 03:36pm

Taxes

FBR notifies NEV adoption levy on local, imported vehicles

The Federal Board of Revenue (FBR) has notified the rate of New Energy Vehicle (NEV) adoption levy on locally...

Published 18 Jul, 2025 02:46pm

Companies

Ghani Chemical Industries begins commissioning of calcium carbide project

Ghani Chemical Industries Limited announced on Friday that it had formally commenced the commissioning after the...

Published 18 Jul, 2025 01:48pm

Markets

US Commerce Dept sets 93.5% anti-dumping tariff on Chinese anode graphite

The US Commerce Department said on Thursday it will impose preliminary anti-dumping duties of 93.5% on anode-grade...

Published 18 Jul, 2025 11:42am

Industry

PM Shehbaz orders expansion of national shipping fleet

Prime Minister Shehbaz Sharif on Friday directed authorities to increase the number of ships in the national...

Published 18 Jul, 2025 11:36am

Technology

Indian Apple reseller Ample to grow revenue by a third as it expands presence, portfolio, CEO says

Indian Apple reseller Ample is banking on store expansion and adding more brands and clients to achieve 35% revenue...

Published 18 Jul, 2025 11:16am

Forex

Australia and NZ dollars bounce, rate cut buzz still a burden

SYDNEY: The Australian and New Zealand dollars regained some footing on Friday as their U.S. counterpart ran into...

Published 18 Jul, 2025 10:56am

Stocks

Miners power Aussie shares to record high on BHP copper output, firm iron ore

Miners propelled Australian shares to an all-time high on Friday, driven by BHP Group’s record quarterly copper...

Published 18 Jul, 2025 10:52am

Forex

Pause in dollar rally offers relief to Indian rupee after 86 breach

MUMBAI: The Indian rupee is set to open higher on Friday, tracking a broader recovery in Asian peers and supported...

Published 18 Jul, 2025 10:42am

Stocks

India’s equity benchmarks to open higher as firm US data boosts global sentiment

India’s equity benchmarks are likely to open higher on Friday, tracking positive cues from global markets, as...

Published 18 Jul, 2025 10:38am

Forex

Dollar set for weekly gain as firm US data tempers Fed easing bets

TOKYO: The dollar headed for a second straight weekly gain against major peers, buoyed by some solid U.S. economic...

Published 18 Jul, 2025 10:35am

Stocks

Japan’s Nikkei edges down, off near 2-week high amid election outcome worries

TOKYO: Japan’s Nikkei share average slipped from a more than two-week high to trade lower on Friday as investors...

Published 18 Jul, 2025 10:30am

Companies

SSGC greenlights agreement with Jamshoro Joint Venture to resume gas supply

Sui Southern Gas Company Limited (SSGC) has approved a key agreement with Jamshoro Joint Venture Limited (JJVL) for...

Published 18 Jul, 2025 10:29am

Stocks

Asian shares track Wall Street higher, yen weak ahead of Japan vote

SYDNEY: Asian shares tracked Wall Street higher on Friday as still-strong US economic data and robust corporate...

Published 18 Jul, 2025 10:27am

Energy

Oil prices rise after EU new sanctions on Russia

LONDON: Crude oil futures rose on Friday while gasoil futures jumped to a 17-month high as investors weighed new...

Updated 18 Jul, 2025 06:03pm

Currency

Rupee improves against US dollar

Currency settles at 284.87 against greenback

Updated 18 Jul, 2025 06:53pm

Stocks

KSE-100 closes flat after hitting record intra-day high

Benchmark index crosses 140,000 for first time during intra-day trading on Friday

Updated 18 Jul, 2025 07:32pm

Industry

PHMA Faisalabad gets command of zonal office for 5 years

FAISALABAD: Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Faisalabad has been given the command of...

Published 18 Jul, 2025 07:55am

Industry

Printing & packaging industry and paper merchants: Director of Customs Valuation under fire for ‘mismanagement’

KARACHI: The printing & packaging industry, along with paper merchants, have expressed serious concerns over...

Published 18 Jul, 2025 07:24am

Pakistan

Gulf countries: Govt keen to facilitate overseas Pakistanis via PayPak: Chairman PYMP

KARACHI: The federal government is keen to facilitate overseas Pakistanis and Pakistani youth in Gulf countries,...

Published 18 Jul, 2025 07:22am

Business & Finance

64,553 cashless transactions recorded in cattle markets

KARACHI: In a major push towards digital financial inclusion, a total of 64,553 cashless transactions amounting to ...

Published 18 Jul, 2025 07:20am

Business & Finance

FBR introduces virtual hearings for Customs reviews

LAHORE: In a bid to enhance transparency and facilitate trade, the Federal Board of Revenue (FBR) has introduced...

Published 18 Jul, 2025 07:18am

Pakistan

CM for digital payment system for public transport

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif presided over a special meeting in which a detailed review was...

Published 18 Jul, 2025 07:16am

Pakistan

Yutong launches DMT, YEA technologies: Punjab govt promoting EVs for public mobility: minister

LAHORE: Punjab Minister for Transport and Mass Transit, Minister Bilal Akbar Khan has said the provincial government...

Published 18 Jul, 2025 07:15am

Industry

CPEC framework: PCJCCI vows to strengthen institutional linkages

LAHORE: The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has reaffirmed its commitment to...

Published 18 Jul, 2025 07:12am

Middle East

KRG has agreed on export resumption to state oil marketer: Baghdad

BAGHDAD: Iraqi Kurdistan will resume oil exports through a pipeline to Turkey after a two-year halt, Iraq’s ...

Published 18 Jul, 2025 07:01am

Pakistan

Cybersecurity firm warns Pakistanis of risks associated with fake QR codes

ISLAMABAD: A renowned cybersecurity company warned Pakistanis about the security risks associated with scanning of...

Published 18 Jul, 2025 06:21am

Money & Banking

Dollar gains broadly, yen dips

NEW YORK: The dollar rose on Thursday after data showed retail sales rose more than expected in June, following a...

Published 18 Jul, 2025 06:21am

Industry

SECP revises framework for public offering regime

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revised the framework for public offering...

Published 18 Jul, 2025 06:21am

Money & Banking

Asian currencies downbeat against dollar

BENGALURU: Equities in emerging Asia advanced on Thursday, lifted by recent US trade deals with Vietnam and ...

Published 18 Jul, 2025 06:21am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.61
USD PKR Interbank Buying / Jun 5	278.41
USD to Japanese Yen / Jun 5	160.29
USD to Swiss Franc / Jun 5	0.80
Pound Sterling to USD / Jun 5	1.33
Euro to USD / Jun 5	1.15
SOFR % / Jun 7	3.63

Stock	Volume
S&P 500 / Jun 5	7,383.74
India Sensex / Jun 5	74,243.34
Tokyo Nikkei / Jun 5	66,588.12
Nasdaq / Jun 5	25,709.43
Hang Seng / Jun 5	24,961.95
FTSE 100 / Jun 5	10,368.05
Dow Jones / Jun 5	50,866.78
Germany DAX 30 / Jun 5	24,759.05
France CAC40 / Jun 5	8,218.24

Item	Value
Crude Oil USD/Barrel / Jun 5	90.54
Gold 10 Grams PKR / Jun 5	401,012
Gold Spot USD/Ounce / Jun 5	4,328.45
Cotton US¢/pound / Jun 5	77.48
Petrol/Litre / Jun 7	377.78
Diesel/Litre / Jun 7	380.78

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	7.76 ▲ 1 (14.79%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.03 ▲ 0.97 (13.74%)
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.41 ▲ 1 (13.5%)
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	8.98 ▲ 1 (12.53%)
First Capital Equities / Jun 5 First Capital Equities Limited(FCEL)	5.30 ▲ 0.52 (10.88%)
Merit Packaging / Jun 5 Merit Packaging Limited(MERIT)	10.35 ▲ 1 (10.7%)
D.S. Ind. Ltd. / Jun 5 D.S. Industries Limited(DSIL)	11.19 ▲ 1.02 (10.03%)
Askari Life Assur. / Jun 5 Askari Life Assurance Company Limited(ALAC)	23.28 ▲ 2.12 (10.02%)
Waves Corporation / Jun 5 Waves Corporation Limited(WAVES)	10.98 ▲ 1 (10.02%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	66.80 ▼ -7.4 (-9.97%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.96 ▼ -2.48 (-7.64%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.17 ▼ -2.48 (-6.1%)
Bela Auto / Jun 5 Bela Automotives Limited(BELA)	55.85 ▼ -3.14 (-5.32%)
Tandlianwala Sugar / Jun 5 Tandlianwala Sugar Mills Limited(TSML)	385.55 ▼ -19.67 (-4.85%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
Dewan Textile / Jun 5 Dewan Textile Mills Limited(DWTM)	9.65 ▼ -0.48 (-4.74%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40.01 ▼ -1.99 (-4.74%)
Frontier Ceramics / Jun 5 Frontier Ceramics Limited(FRCL)	75.03 ▼ -3.61 (-4.59%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	42,057,629 ▲ 0.57
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,999,765 ▲ 0.49
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,811,517 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,493,657 ▼ -0.2
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,842,888 ▼ -0.01
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	22,157,441 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	18,104,460 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,319,572 ▲ 1
B.O.Punjab / Jun 5 The Bank of Punjab(BOP)	15,286,456 ▼ -0.46
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,013,265 ▼ -0.11

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