News Archives for Business & Finance - 2025-07-23

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Business & Finance - 2025-07-23

Markets

Pakistan rupee gains amid reported crackdown against US dollar smugglers

KARACHI: Pakistan’s law enforcement agencies have reportedly launched a crackdown against foreign currency...

Published 23 Jul, 2025 10:12pm

Industry

Privatisation of Discos: NA panel raises objection to selection criteria

Pakistan govt plans to sell loss-making, state-owned Discos, starting from Islamabad Electric Supply Company, Gujranwala Electric Power Company, and Faisalabad Electric Supply Company

Updated 23 Jul, 2025 11:19pm

Companies

From Amazon to Walmart, global e-commerce firms face regulatory scrutiny in India

Foreign companies operating in India’s booming e-commerce sector face many regulatory and legal challenges from...

Published 23 Jul, 2025 08:56pm

Companies

McDonald’s India operator falls significantly short of profit estimates as competition, costs bite

Westlife Foodworld, a McDonald’s franchisee in India, missed quarterly profit estimates by a wide margin on...

Published 23 Jul, 2025 08:51pm

Commodities

Wheat down 1-2 cents, corn steady-up 1, soy up 5-6

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

Published 23 Jul, 2025 08:13pm

Stocks

Most Gulf stocks rebound on earnings, US-Japan trade deal

Most Gulf stocks rebounded on Wednesday, buoyed by corporate earnings announcements and optimism following U.S....

Published 23 Jul, 2025 08:09pm

Money & Banking

IndusInd Bank to raise up to $3.5 billion, allow Hindujas to nominate two board seats

India’s IndusInd Bank will raise up to $3.47 billion and allow promoters to nominate two board directors, the...

Published 23 Jul, 2025 08:02pm

Stocks

Wall Street rises on US-Japan trade deal, hopes for more tariff talks

Wall Street climbed on Wednesday after President Donald Trump secured a trade deal with Japan, sparking optimism for...

Published 23 Jul, 2025 07:57pm

Companies

India’s Force Motors logs quarterly profit jump on strong demand for vans

India’s Force Motors clocked a 52% jump in first-quarter profit, on the back of strong demand for its multi-seater...

Published 23 Jul, 2025 07:50pm

Financial

India bonds end steady as lack of cues continue to dominate

MUMBAI: Indian government bond yields ended largely flat on Wednesday, extending a recent trend of muted moves, as...

Published 23 Jul, 2025 05:56pm

Commodities

Robusta coffee prices fall while sugar and cocoa also ease

LONDON: Robusta coffee futures fell on Wednesday, slipping towards the previous session’s 16-month low on ample...

Published 23 Jul, 2025 05:43pm

Companies

India’s Tata Consumer misses profit estimates as tea, coffee inflation weigh

India’s Tata Consumer Products missed first-quarter profit estimates on Wednesday, hurt by elevated tea and coffee...

Published 23 Jul, 2025 05:39pm

Companies

India’s Infosys narrows annual forecast helped by banking and financial unit strength

BENGALURU: India’s Infosys narrowed its full-year forecast on Wednesday after reporting stronger-than-expected...

Published 23 Jul, 2025 05:17pm

Companies

India accuses Walmart’s Myntra of breaching foreign investment rules

BENGALURU: India’s financial crime agency said on Wednesday it was investigating Walmart’s fashion business Myntra...

Updated 23 Jul, 2025 09:02pm

Companies

India’s Bajaj Housing posts rise in quarterly profit on strong loan growth

India’s Bajaj Housing Finance reported a jump in first-quarter profit on Wednesday, bolstered by strong credit...

Published 23 Jul, 2025 05:12pm

Technology

Pakistan Single Window: Auto makers can now apply for import quotas digitally

The move is meant to enhance ease of doing business and ensuring transparency in regulatory approvals

Published 23 Jul, 2025 05:05pm

Forex

Sterling stronger, supported by global market optimism

LONDON: Sterling firmed against the dollar and the euro on Wednesday helped by the optimism across global markets...

Published 23 Jul, 2025 05:02pm

Forex

Indian rupee dips but firmer yuan, exporter dollar sales cushion losses

MUMBAI: The Indian rupee ended marginally weaker on Wednesday with the strength in the Chinese yuan and exporter...

Published 23 Jul, 2025 04:48pm

Stocks

Indian benchmarks shares track global rally on US-Japan trade deal boost

India’s equity benchmarks rose on Wednesday, tracking other Asian markets as the United States’ surprise trade deal...

Published 23 Jul, 2025 04:46pm

Stocks

Sri Lanka shares drift higher after local rates held as expected

CSE All Share index settled up 0.8% at 19,243.08

Published 23 Jul, 2025 04:41pm

Commodities

Copper edges up to two-week peak on hopes for trade deals

LONDON: Copper prices touched their highest in over two weeks on Wednesday as a U.S.-Japan trade deal boosted...

Published 23 Jul, 2025 04:39pm

Commodities

Palm climbs on short-covering, firmer palm olein, Chicago soyoil

KUALA LUMPUR: Malaysian palm oil futures settled higher on Wednesday, extending gains from the previous session,...

Published 23 Jul, 2025 04:37pm

Forex

India central bank net bought $1.76 billion in forex market in May

MUMBAI: The Reserve Bank of India (RBI) bought a net of $1.76 billion in the foreign exchange market in May, data...

Published 23 Jul, 2025 04:35pm

Markets

Pakistan, Afghanistan ink Preferential Trade Agreement: report

In a key development on the economic front, Pakistan and Afghanistan have inked a Preferential Trade Agreement (PTA)...

Updated 23 Jul, 2025 10:10pm

Commodities

Gold price per tola gains Rs3,700 in Pakistan

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

Updated 23 Jul, 2025 06:42pm

Companies

Babar Ali Foundation, IGI Investments exit Mitchells Fruit Farms with stake sale

Key stakeholders of Mitchells Fruit Farms Limited (MFFL), including the Babar Ali Foundation—founded by the...

Updated 23 Jul, 2025 11:21pm

Stocks

Rupee sees improvement against US dollar

Currency hovers at 284-285 level in inter-bank market

Updated 23 Jul, 2025 07:52pm

Technology

Pakistan’s Systems Limited explores acquisition in IT and ITES sector

Systems Limited, one of Pakistan’s largest software firms, has announced that it is exploring the potential...

Published 23 Jul, 2025 02:22pm

Business & Finance

Finance minister lauds CCP’s for ‘reducing pending court cases’

Federal Minister for Finance Muhammad Aurangzeb expressed satisfaction over the performance of the Competition...

Published 23 Jul, 2025 01:00pm

Business & Finance

ADB revises Pakistan’s FY2025 growth to 2.7% amid uptick in industry & services

ADB forecasts region’s economies to grow by 4.7% this year

Updated 23 Jul, 2025 11:20pm

Stocks

Australia shares climb as miners, energy stocks rally; Woodside jumps on upbeat results

Australian shares rose on Wednesday led by miners and energy stocks, as investors stayed cautious ahead of the...

Published 23 Jul, 2025 12:00pm

Business & Finance

Sri Lanka central bank holds rates on tariff uncertainty

COLOMBO: Sri Lanka’s central bank held its benchmark interest rate steady at 7.75% on Wednesday, pausing after May’s...

Published 23 Jul, 2025 11:48am

Forex

Australia, NZ dollars underpinned as trade deals buff sentiment

SYDNEY: The Australian and New Zealand dollars held firm on Wednesday as news of a potential U.S. trade deal with...

Published 23 Jul, 2025 11:47am

Business & Finance

US tariffs, trade tensions to slow growth in developing Asia and Pacific, ADB says

MANILA: Higher US tariffs and trade uncertainty have worsened the economic outlook for developing Asia and the...

Published 23 Jul, 2025 11:46am

Commodities

Iron ore slides on China property weakness; stimulus stems losses

SINGAPORE: Iron ore futures fell on Wednesday, weighed down by ongoing weakness in China’s property sector, which...

Published 23 Jul, 2025 11:41am

Forex

China’s yuan rises to 3-week high on fresh signs of easing trade tensions, firmer guidance

SHANGHAI: China’s yuan climbed to a three-week high against the dollar on Wednesday, buoyed by fresh signs of easing...

Published 23 Jul, 2025 11:40am

Mutual Funds

India bonds little changed as traders await fresh cues

MUMBAI: Indian government bonds traded in a tight range on Wednesday, as traders sought directional cues ahead of...

Published 23 Jul, 2025 11:39am

Business & Finance

Renault second-quarter sales volumes flat on drop in demand for vans

PARIS: Renault reported zero growth in second-quarter sales volume on Wednesday, after a plunge in demand for vans...

Published 23 Jul, 2025 11:38am

Stocks

China, HK stocks power ahead as eased trade tensions fuel rally

SHANGHAI: China and Hong Kong stocks powered ahead on Wednesday as signs of eased Sino-U.S. trade tensions added...

Published 23 Jul, 2025 11:16am

Commodities

Palm rises on short-covering, firmer palm olein, Chicago soyoil

KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, extending gains from the previous session, as...

Published 23 Jul, 2025 11:15am

Business & Finance

UniCredit posts surprise profit jump, ups guidance after dropping Banco BPM bid

MILAN: UniCredit on Wednesday posted a much higher than expected quarterly profit and raised its 2025 outlook, a day...

Published 23 Jul, 2025 11:13am

Business & Finance

France’s Alstom tops market views on first-quarter sales

French train maker Alstom on Wednesday reported slightly higher than expected sales for its first quarter, driven by...

Published 23 Jul, 2025 11:12am

Taxes

PM Shehbaz lauds FBR reforms as tax filers jump to 7.2mn

The number of income tax return filers in Pakistan has crossed 7.2 million by June 30, 2025, up from 4.5 million in...

Updated 23 Jul, 2025 11:20pm

Companies

Nestle Pakistan reappoints Joselito Jr. Avancena as CEO

Also appoints Syed Yawar Ali as Chairman of the Board

Published 23 Jul, 2025 10:38am

Stocks

KSE-100 closes marginally lower as late-session selling erases intra-day gains

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index ended Wednesday’s session slightly lower, as...

Updated 23 Jul, 2025 06:27pm

Forex

Muted open for rupee despite Asia cheer on US-Japan trade pact

MUMBAI: The Indian rupee is expected to open largely unchanged on Wednesday, shrugging off the modest boost to its...

Published 23 Jul, 2025 08:32am

USA

Trump strikes trade deal with Japan to cut tariffs

WASHINGTON/TOKYO: The United States and Japan struck a deal to lower the hefty tariffs President Donald Trump...

Published 23 Jul, 2025 08:25am

Markets

Gold eases as US-Japan trade deal lifts risk appetite, but weak dollar caps losses

Gold eased on Wednesday as risk appetite improved after U.S. President Donald Trump announced a trade deal with...

Published 23 Jul, 2025 08:20am

Stocks

India equity benchmarks set to track Asian peers higher after US-Japan deal

India’s equity benchmarks are set to open higher on Wednesday, tracking gains in their Asian peers after the U.S....

Published 23 Jul, 2025 08:17am

Stocks

Nikkei surges in boost to Asia as Trump announces Japan trade deal

SYDNEY: A rally in Japanese shares led Asian markets on Wednesday after President Donald Trump announced a trade...

Published 23 Jul, 2025 08:15am

Energy

Oil prices edge lower with trade talks in focus

LONDON: Oil prices fell for the fourth consecutive session on Wednesday, as investors assessed trade developments...

Updated 23 Jul, 2025 05:59pm

Forex

Dollar under pressure against yen after Trump announces Japan trade deal

TOKYO: The dollar was on a shaky footing against the yen on Wednesday, having lost ground overnight, after US...

Published 23 Jul, 2025 08:09am

Energy

Ogra holds seminar to initiate comprehensive digital platform

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has conducted a seminar at its headquarters to formally...

Published 23 Jul, 2025 07:48am

Pakistan

Gilgit, Hunza, and Skardu: TDAP organises exporters training programme

KARACHI: The Trade Development Authority of Pakistan (TDAP) successfully conducted three impactful sessions of the...

Published 23 Jul, 2025 07:40am

Industry

FPCCI extends gratitude to COAS for meeting with Ejaz-led team

LAHORE: Atif Ikram Sheikh, President FPCCI; President ECO-CCI and VP CACCI, has said that FPCCI extends its deepest...

Published 23 Jul, 2025 06:18am

Business & Finance

PQAMC achieves strong performance with 117pc AUM growth

KARACHI: Pak-Qatar Asset Management Company Limited (PQAMC)-rated AM2 with a Stable Outlook by PACRA and part of...

Published 23 Jul, 2025 06:02am

Business & Finance

‘Businessmen should avail from Sindh Bank’s packages’

FAISALABAD: Business community should avail from the lucrative and most competitive packages offered by the Sindh...

Published 23 Jul, 2025 06:02am

Money & Banking

US dollar falls

NEW YORK: The dollar slid on Tuesday, with the yen one of the major gainers versus the greenback, as investors...

Published 23 Jul, 2025 06:02am

Money & Banking

Asia currencies: S Korean won and Thai baht edges lower

BENGALURU: Emerging Asian equities trended lower on Tuesday as investors took stock of regional governments’ trade...

Published 23 Jul, 2025 06:02am

Business & Finance

Pakistan’s pharma sector export growth hits two-decade high

KARACHI: Pakistan’s pharmaceutical exports growth hit a two-decade high of 34% in the fiscal year ended June 30,...

Published 23 Jul, 2025 06:02am

Business & Finance

Customs’ values on import of a wide range of tiles fixed

ISLAMABAD: The Directorate General of Customs Valuation Karachi has fixed new customs values on the import of wide...

Published 23 Jul, 2025 06:02am

Business & Finance

SCA rejects ‘45pc agricultural income tax’

HYDERABAD: The Sindh Chamber of Agriculture (SCA) has completely rejected the 45 percent agricultural income tax,...

Published 23 Jul, 2025 06:02am

Business & Finance

KSA oil facility, rollover of time deposits keep things afloat

ISLAMABAD: The resumption of Saudi Oil facility and rollover of time deposits by China and Saudi Arabia kept the...

Updated 23 Jul, 2025 07:53am

Companies

NBP installs two ATMs on Murree Road

PESHAWAR: National Bank of Pakistan (NBP) has installed two ATM machines on Murree Road Rawalpindi to facilitate...

Published 23 Jul, 2025 06:02am

Companies

BMR initiative to spur SPL business revival

KARACHI: Sitara Peroxide Limited (SPL), the Faisalabad-based chemical manufacturer, continues to battle financial...

Published 23 Jul, 2025 06:02am

Companies

BankIslami unveils ‘aik’, first digital Islamic banking solution

KARACHI: In a significant move toward the future of Islamic finance, BankIslami has launched ‘aik’, Pakistan’s...

Published 23 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 / Aug 12	277.86
USD PKR Interbank Buying / Aug 12	277.66
USD to Japanese Yen / Aug 13	159.33
USD to Swiss Franc / Aug 13	0.81
Pound Sterling to USD / Aug 13	1.35
Euro to USD / Aug 13	1.15
SOFR % / Aug 12	3.62

Stock	Volume
S&P 500 / Aug 12	7,748.50
Nasdaq / Aug 12	26,588.49
Dow Jones / Aug 12	53,770.27
India Sensex / Aug 13	77,689.35
Tokyo Nikkei / Aug 13	68,621.41
Hang Seng / Aug 13	25,406.75
FTSE 100 / Aug 13	10,788.71
Germany DAX 30 / Aug 13	26,428.08
France CAC40 / Aug 13	8,685.18

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 11	18,580
Gold 10 Grams PKR / Aug 12	397,750
Petrol/Litre / Aug 13	324.98
Crude Oil USD/Barrel / Aug 13	82.94
Gold Spot USD/Ounce / Aug 13	4,386.51
Diesel/Litre / Aug 13	382.79
Cotton US¢/pound / Aug 13	83.85

Gainers
Losers
Leaders

Stock	Price
Gammon Pak / Aug 13 Gammon Pakistan Limited(GAMON)	28.25 ▲ 2.57 (10.01%)
Ideal Dynamics / Aug 13 Ideal Dynamics Limited(IDEAL)	49.13 ▲ 4.47 (10.01%)
Leather Up Ltd. / Aug 13 Leather Up Limited(LEUL)	49.58 ▲ 4.51 (10.01%)
Al-Khair Gadoon / Aug 13 Al-Khair Gadoon Limited(AKGL)	79.51 ▲ 7.23 (10%)
Arctic Textile / Aug 13 Arctic Textile Mills Limited(ARCTM)	47.19 ▲ 4.29 (10%)
Aisha Steel (CPS) / Aug 13 Aisha Steel Mills Limited (CPS)(ASLCPS)	114.83 ▲ 10.44 (10%)
Asim Textile / Aug 13 Asim Textile Mills Limited(ASTM)	90.50 ▲ 8.23 (10%)
Buxly Paints / Aug 13 Buxly Paints Limited(BUXL)	336.04 ▲ 30.55 (10%)
J.A.Textile / Aug 13 J.A. Textile Mills Limited(JATM)	68.84 ▲ 6.26 (10%)
MACPAC Films / Aug 13 MACPAC Films Limited(MACFL)	73.07 ▲ 6.64 (10%)

Stock	Price
Supernet Tech. / Aug 13 Supernet Technologies Limited(STL)	29.87 ▼ -11.86 (-28.42%)
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	13.56 ▼ -1.51 (-10.02%)
First Tri-Star Mod. / Aug 13 First Tri-Star Modaraba(FTSM)	44.36 ▼ -4.93 (-10%)
Universal Ins. / Aug 13 The Universal Insurance Company Limited(UVIC)	20.71 ▼ -2.3 (-10%)
Cordoba Logistics / Aug 13 Cordoba Logistics & Ventures Limited(CLVL)	21 ▼ -1.96 (-8.54%)
First Imrooz Mod. / Aug 13 First Imrooz Modaraba(FIMM)	201.02 ▼ -18.13 (-8.27%)
Mughal Energy / Aug 13 Mughal Energy Limited(GEM)(GEMMEL)	27.50 ▼ -2.42 (-8.09%)
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	5.21 ▼ -0.36 (-6.46%)
Shadman Cotton / Aug 13 Shadman Cotton Mills Limited(SHCM)	64.60 ▼ -4.32 (-6.27%)
Tri-Star Mutual / Aug 13 Tri-Star Mutual Fund Limited(TSMF)	17.49 ▼ -1.08 (-5.82%)

Stock	Volume
Cnergyico PK / Aug 13 Cnergyico PK Limited(CNERGY)	204,602,223 ▲ 0.6
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	66,915,314 ▼ -0.36
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	38,970,465 ▼ -1.51
Pak Refinery / Aug 13 Pakistan Refinery Limited(PRL)	35,517,484 ▲ 5.75
WorldCall Telecom / Aug 13 Worldcall Telecom Limited(WTL)	22,684,313 ▲ 0.03
Thatta Cement / Aug 13 Thatta Cement Company Limited(THCCL)	18,488,745 ▲ 3.56
Hascol Petrol / Aug 13 Hascol Petroleum Limited(HASCOL)	12,489,733 ▼ -0.37
B.O.Punjab / Aug 13 The Bank of Punjab(BOP)	12,158,128 ▲ 0.25
Cres.Star Ins. / Aug 13 Crescent Star Insurance Limited(CSIL)	10,473,324 ▼ -0.06
TPL Properties / Aug 13 TPL Properties Limited(TPLP)	10,347,988 ▼ -0.18

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