News Archives for Business & Finance - 2025-07-24

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Business & Finance - 2025-07-24

Business & Finance

Canada pension fund to pocket $631 million from India mall JV exit

Canada’s biggest pension fund will exit a joint venture with India’s Phoenix Mills in a cash deal worth 54.49...

Published 24 Jul, 2025 09:57pm

Companies

SBP foreign exchange reserves fall by $69mn, now stand at $14.46bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $69 million during the week...

Updated 24 Jul, 2025 08:36pm

Business & Finance

S&P Global upgrades Pakistan’s credit rating to ‘B-’ from ‘CCC+’; outlook stable

Pakistan's finances, reserves stabilised by IMF support, rating agency says

Updated 24 Jul, 2025 06:53pm

Money & Banking

ECB holds rates with US tariffs decision on horizon

FRANKFURT: The European Central Bank held interest rates steady Thursday as policymakers waited to see whether the...

Published 24 Jul, 2025 06:08pm

Commodities

Forced curtailments, low demand drag down Pakistan’s oil & gas output in FY25

Oil and gas production in Pakistan declined significantly by 12% and 7% year-on-year (YoY), respectively, in FY25,...

Published 24 Jul, 2025 04:06pm

Companies

First Dawood Properties divests over 2.2mn shares in 786 Investments Ltd

First Dawood Properties Limited shared on Thursday that it successfully divested 2,246,070 shares of 786 Investments...

Published 24 Jul, 2025 04:01pm

Commodities

Gold price per tola falls Rs5,900 in Pakistan

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

Published 24 Jul, 2025 03:40pm

Money & Banking

BankIslami granted SBP approval to establish exchange company

BankIslami announced on Thursday that it was allowed to establish an exchange company in the name of BIPL Exchange...

Published 24 Jul, 2025 02:44pm

Pakistan

China’s BYD to assemble EVs in Pakistan from 2026

KARACHI: Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August...

Published 24 Jul, 2025 02:11pm

Business & Finance

PM Shehbaz lauds World Bank’s support on Indus Waters Treaty dispute

Prime Minister Shehbaz Sharif on Thursday lauded the World Bank’s principled support for Pakistan’s stance on the...

Published 24 Jul, 2025 01:10pm

Forex

South African rand slips after week of gains

JOHANNESBURG: The South African rand slipped in early trade on Thursday after a week of gains, dragged down by an...

Published 24 Jul, 2025 12:45pm

Stocks

European shares hit 6-week high on US trade deal optimism, earnings boost

European shares rose to a six-week high on Thursday, buoyed by optimism over a potential EU-US trade agreement and...

Published 24 Jul, 2025 12:42pm

Markets

SBP likely to cut policy rate in upcoming MPC meeting, say analysts

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is expected to cut the policy rate by 50...

Published 24 Jul, 2025 12:16pm

Energy

TotalEnergies posts 23% drop in quarterly income as oil, gas prices sag

PARIS: TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major’s...

Published 24 Jul, 2025 12:05pm

Business & Finance

ECB to keep rates steady as trade conflict clouds economic outlook

FRANKFURT: The European Central Bank was set to keep interest rates on hold on Thursday, pausing after seven...

Published 24 Jul, 2025 11:51am

Forex

China’s yuan rises to 8-month high as PBOC moves to boost investor confidence

SHANGHAI: China’s yuan jumped to the strongest in eight months against the dollar on Thursday, reflecting growing...

Published 24 Jul, 2025 11:33am

Business & Finance

Hyundai Motor Q2 profit falls 16% as US tariffs weigh

SEOUL: Hyundai Motor posted a decline in second-quarter operating profit on Thursday, down 16% from a year earlier,...

Published 24 Jul, 2025 11:19am

Markets

Thai June exports rise 15.5% y/y, below forecast

BANGKOK: Thailand’s customs-cleared exports rose 15.5% in June from a year earlier, the commerce ministry said on...

Published 24 Jul, 2025 11:10am

Commodities

Wheat recoups some losses but ample supply caps gains

CANBERRA: Chicago wheat futures on Thursday clawed back some of their losses from a day before, but expectations of...

Published 24 Jul, 2025 11:08am

Mutual Funds

India bond yields seen flattish as traders eye debt supply, rate-cut cues

MUMBAI: Indian government bond yields will continue to be in a narrow range in early deals on Thursday, as traders...

Published 24 Jul, 2025 11:06am

Commodities

Palm opens in tight range as strong rival oils counter firm ringgit

KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Thursday, as support from stronger rival edible...

Published 24 Jul, 2025 11:05am

Stocks

China stocks rise on tourism surge, trade optimism

Hong Kong: China and Hong Kong stocks rose on Thursday as tourism shares rallied and signs of easing U.S.-China...

Published 24 Jul, 2025 11:04am

Stocks

South Korean shares cut gains as US postpones trade talks

The benchmark KOSPI was up 26.40 points, or 0.83%, at 3,210.17

Published 24 Jul, 2025 11:00am

Stocks

Australian shares flat as tech, energy offset losses in miners, gold stocks

Australian shares were little changed on Thursday, as gains in tech and energy stocks offset losses in gold and...

Published 24 Jul, 2025 10:58am

Forex

Yen, euro lifted by progress on trade

SINGAPORE: The euro crept toward its highest level in nearly four years on Thursday while the yen held to gains...

Published 24 Jul, 2025 10:57am

Stocks

KSE-100 loses 562 points on profit-taking

After a positive start, profit-taking returned to the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark...

Updated 24 Jul, 2025 05:32pm

Stocks

Japan’s Topix rallies 2% to record high in trade deal afterglow

TOKYO: Japan’s Topix index climbed to a record high on Thursday and the Nikkei share average hit a new one-year...

Published 24 Jul, 2025 10:55am

Companies

Air Arabia Abu Dhabi expands flight operations in Pakistan

Air Arabia Abu Dhabi, the UAE capital’s first low-cost carrier, has expanded its operations in Pakistan with...

Published 24 Jul, 2025 10:46am

Exchange

Rupee gains against US dollar amid reported crackdown

Currency settles at 284.22 against US dollar in interbank market

Updated 24 Jul, 2025 06:17pm

Companies

Pakistan’s PNSC partners with Chinese firm to explore maritime investments

Pakistan National Shipping Corporation (PNSC) has signed a non-binding Memorandum of Understanding (MoU) with...

Updated 24 Jul, 2025 01:28pm

Energy

Pakistan’s bread maker shifts to renewable energy, targets 1MW solar capacity to cut costs

Following the footsteps of various companies, Bunny’s Limited, a Pakistani manufacturer of bakery goods, has...

Published 24 Jul, 2025 09:40am

Business & Finance

Trump to visit Federal Reserve on Thursday, White House says

WASHINGTON: US President Donald Trump, a strong critic of Federal Reserve Chair Jerome Powell, will visit the...

Published 24 Jul, 2025 08:28am

Stocks

India’s equity benchmarks may open higher on UK trade deal, earnings optimism

India’s stock benchmarks will likely open marginally higher on Thursday, lifted by robust earnings from Infosys and...

Published 24 Jul, 2025 08:25am

Forex

Indian rupee likely to get a fleeting lift on US trade deals-driven risk rally

MUMBAI: The Indian rupee is poised to open higher on Wednesday, supported by upbeat risk appetite following progress...

Published 24 Jul, 2025 08:22am

Markets

Gold flat as easing trade tensions offset support from weak dollar

Gold prices held steady on Thursday after a sharp drop in the previous session, as easing trade tensions dented...

Published 24 Jul, 2025 08:19am

Industry

Food security, mines, minerals: Pakistan, KSA to expand cooperation

ISLAMABAD: Pakistan and Kingdom of Saudi Arabia (KSA) on Wednesday agreed to further expanding cooperation across ...

Published 24 Jul, 2025 08:18am

Stocks

Asian shares, Aussie dollar climb on trade, earnings optimism

TOKYO: Shares in Asia rallied and the Australian dollar hit an eight-month high on Thursday as optimism over...

Published 24 Jul, 2025 08:16am

Companies

FBL and Fauree launch Islamic digital supply chain platform

KARACHI: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has taken a groundbreaking step ...

Published 24 Jul, 2025 08:16am

Industry

PCJCCI to announce initiation of Chinese language courses

LAHORE: In a strategic move aimed at strengthening economic ties between Pakistan and China and enhancing job...

Published 24 Jul, 2025 08:13am

Business & Finance

IFC, SECP launch ESG Pakistan Project

ISLAMABAD: International Finance Corporation (IFC) in collaboration with the SECP has officially launched the ESG...

Published 24 Jul, 2025 08:12am

Energy

Oil prices gain on US trade optimism, drop in crude inventories

LONDON: Oil prices rose on Thursday, buoyed by optimism over U.S. trade negotiations that would ease pressure on the...

Updated 24 Jul, 2025 05:09pm

Industry

Ghangra concerned at dismal condition of industrial area

HYDERABAD: Chairman of the Hyderabad SITE Association of Trade and Industry, Zubair Ghangra, has expressed deep...

Published 24 Jul, 2025 07:48am

Industry

Malaysia keen to improve mutual trade relations: HC

PESHAWAR: Mohammad Azhar Bin Mazlan, High Commissioner of Malaysia in Pakistan stated that his country gave much...

Published 24 Jul, 2025 06:58am

Business & Finance

MIU of CCP achieves 92pc efficiency rate

ISLAMABAD: The Market Intelligence Unit (MIU) of the Competition Commission of Pakistan (CCP) has achieved a...

Published 24 Jul, 2025 06:53am

Industry

‘Need for implementing key developments to strength Pak-UK trade ties’

KARACHI: The Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Aman...

Published 24 Jul, 2025 06:48am

Business & Finance

SECP issues Investment Finance Services licence to Alif Finance

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued an Investment Finance Services...

Published 24 Jul, 2025 06:40am

Companies

Zindigi launches Visa Virtual Debit Card

KARACHI: Zindigi, powered by JS Bank, has introduced its Visa Virtual Debit Card. A secure, fully digital payment...

Published 24 Jul, 2025 06:37am

Business & Finance

Import of used vehicles: Rana, APDA team discuss policy recommendations

ISLAMABAD: The Coordinator to the Prime Minister on Commerce, Rana Ihsaan Afzal Khan, held a meeting with...