News Archives for Business & Finance - 2025-07-29

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Business & Finance - 2025-07-29

Markets

IMF projects Pakistan’s GDP growth at 3.6% for FY26, below govt target of 4.2%

Fund upgrades Pakistan GDP growth estimates for FY25 by 0.1% to 2.7%

Updated 29 Jul, 2025 11:04pm

Pakistan

PM Shehbaz launches Pak Business Express train

Prime Minister Shehbaz Sharif on Tuesday inaugurated the Pak Business Express train at the Lahore Railway Station,...

Published 29 Jul, 2025 08:19pm

Companies

Boeing’s quarterly loss shrinks as jet deliveries rebound, but shares drop

Boeing’s quarterly loss more than halved and was much smaller than analysts expected as the U.S. planemaker ramped...

Published 29 Jul, 2025 08:12pm

Business & Finance

Pakistan’s crackdown on black market dollar trade pushes deals online

Since crackdown began, rupee has rebounded from a sharp fall against the dollar earlier in July

Updated 29 Jul, 2025 11:04pm

Money & Banking

US Fed opens policy meeting, set to hold rates steady

WASHINGTON: The US Federal Reserve opened its two-day policy meeting Tuesday, with the central bank widely expected...

Published 29 Jul, 2025 07:06pm

World

IMF lifts 2025 global growth forecast on tariff distortion

WASHINGTON: The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump’s sweeping...

Published 29 Jul, 2025 06:12pm

Commodities

Gold price per tola decreases Rs1,600 in Pakistan

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

Published 29 Jul, 2025 05:24pm

Markets

USA’s Fluor gets final go-ahead for Reko Diq project in Pakistan

Fluor Corporation, an American engineering and construction firm, has received final notice to proceed from Barrick...

Published 29 Jul, 2025 04:12pm

Stocks

Gulf markets steady amid mixed earnings, muted reaction to EU-US trade deal

Gulf equities were little changed in early trade on Tuesday as investors cautiously greeted a trade agreement...

Published 29 Jul, 2025 03:05pm

Companies

India’s GMR Energy in talks with investors to issue 5-year bonds

MUMBAI: India’s GMR Energy plans to raise 16 billion rupees ($184 million) via five-year bonds, two sources told...

Published 29 Jul, 2025 03:01pm

Companies

Asian Paints meets profit view as India retail demand cushions discounts hit

Asian Paints met first-quarter profit expectations on Tuesday as a modest recovery in retail demand supported volume...

Published 29 Jul, 2025 02:51pm

Markets

Pakistan to expand shipping capacity by 600% in next three years

The Ministry of Maritime Affairs has launched a major initiative to expand and modernise the national shipping fleet...

Updated 29 Jul, 2025 03:26pm

Companies

Highnoon Labs partners with Bangladesh’s Beximco to target high-burden diseases in Pakistan

Highnoon Laboratories Limited (HINOON), a Pakistani pharmaceutical company, has announced a strategic partnership...

Published 29 Jul, 2025 02:08pm

Commodities

Iron ore stays above $100 metric ton amid Sino-US trade talks; coal slump continues

BEIJING: Iron ore futures prices held well over the key psychological level of $100 a metric ton on Tuesday, while...

Published 29 Jul, 2025 01:40pm

Forex

South African rand extends losses as traders await outcomes of rate meeting, US tariffs

JOHANNESBURG: The South African rand weakened in early trading on Tuesday, with investor attention pinned on the...

Published 29 Jul, 2025 01:37pm

Commodities

Copper prices ease on caution amid tariff talks

Copper prices slipped on both the London and Shanghai exchanges on Tuesday, as traders weighed U.S.-China...

Published 29 Jul, 2025 01:35pm

Companies

Zubair Shaikh to continue as Wafi Energy Pakistan CEO

Wafi Energy Pakistan Limited, formerly Shell Pakistan Limited, announced on Tuesday that Zubair Shaikh would...

Updated 29 Jul, 2025 03:16pm

Stocks

European stocks rise amid earnings flurry, investors asses US-EU trade deal

European equities edged higher on Tuesday, lifted by gains in EssilorLuxottica amid a slew of corporate results,...

Published 29 Jul, 2025 01:22pm

Commodities

TPL Insurance dismisses report of unusual movement in trading volume

TPL Insurance – Window Takaful Operation (WTO), an insurance and Takaful services provider, dismissed on Tuesday the...

Published 29 Jul, 2025 12:47pm

Financial

Euro zone bond yields edge up as focus shifts to Fed, BoJ and data

Euro zone government bond yields edged higher on Tuesday as investors turned their focus to upcoming policy meetings...

Published 29 Jul, 2025 12:42pm

Commodities

Japan rubber futures dip on China auto price war, firmer yen

Japanese rubber futures fell on Tuesday, pressured by a stronger yen and prolonged price war in China’s automobile...

Published 29 Jul, 2025 12:30pm

Companies

Indian refiner Nayara trims crude runs in wake of EU sanctions, sources say

NEW DELHI: Russia-backed Indian refiner Nayara Energy has reduced operations at its 400,000-barrel-per-day refinery...

Published 29 Jul, 2025 12:28pm

Forex

Indian rupee falls to four-month low on firmer greenback, state-run banks’ dollar bids

MUMBAI: The Indian rupee declined to its weakest level since mid-March in early trade on Tuesday, as a slump in the...

Published 29 Jul, 2025 12:17pm

Business & Finance

Industrialists demand single-digit policy rate

Lower interest rates will encourage traders to expand businesses and exports, say experts

Published 29 Jul, 2025 12:15pm

Commodities

Palm climbs on bargain buying, short covering

KUALA LUMPUR: Malaysian palm oil futures inched higher on Tuesday, reversing earlier losses, as bargain buyers...

Published 29 Jul, 2025 12:12pm

Financial

Japan’s 2-year bonds rise after strong auction outcome

TOKYO: Japan’s two-year government bonds rose on Tuesday after a strong auction outcome, as the market viewed the...

Published 29 Jul, 2025 12:10pm

Commodities

Gold hovers near 3-week low as trade war fears ebb, dollar firms

Gold prices were little changed on Tuesday, hovering near a three-week low, as easing fears of a global tariff war...

Published 29 Jul, 2025 12:08pm

Companies

India’s April-June finished steel imports fall nearly 30% as China, Japan shipments slow

NEW DELHI: India’s finished steel imports dropped nearly 30% in the first three months of the financial year that...

Published 29 Jul, 2025 11:53am

Business & Economy

Pakistan’s central bank seen cutting interest rate by 50 bps as inflation cools

KARACHI : Pakistan’s central bank is expected to cut its key interest rate by 50 basis points to 10.5% on Wednesday,...

Published 29 Jul, 2025 11:49am

Commodities

Kumba Iron Ore half-year profit flat despite increased sales

Anglo American’s South African unit Kumba Iron Ore said on Tuesday its half-year profit was flat despite a 3%...

Published 29 Jul, 2025 11:22am

Markets

National Saving Schemes: CDNS reduces rates of return

The Central Directorate of National Savings (CDNS) has reduced the rates of return on a number of its National...

Published 29 Jul, 2025 11:20am

Stocks

South Korean shares hit four-year high on hopes of US trade deal

KOSPI ended the session up 21.05 points, or 0.66%, at 3,230.57

Updated 29 Jul, 2025 01:31pm

Financial

India bonds inch up before state debt supply, US rate decision

MUMBAI: Indian government bonds edged higher in early deals on Tuesday after a two-day selloff, while volumes...

Published 29 Jul, 2025 11:10am

Stocks

Asia shares ease, euro flatlines as tariff costs counted

SYDNEY: Asia shares slipped on Tuesday while the euro nursed its losses as investors pondered the downside of the...

Published 29 Jul, 2025 11:08am

Stocks

Australian shares end mostly flat over tariff worries

Australian shares finished Tuesday little changed as investors scrutinised the long-term economic impact of elevated...

Updated 29 Jul, 2025 12:44pm

Stocks

Japan’s Nikkei falls for third session on corporate outlook concerns

TOKYO: Japan’s Nikkei share average ended lower for a third straight session on Tuesday, as concerns over the...

Updated 29 Jul, 2025 12:33pm

Stocks

Indian stocks linger around 6-week low on trade deal jitters, foreign outflows

Indian shares were muted in early trades on Tuesday, with benchmark indexes near six-week lows, as concerns over a...

Published 29 Jul, 2025 11:00am

Forex

Jun-Apr 2025: SBP buys $7.2bn from domestic FX market to boost reserves

The State Bank of Pakistan (SBP) purchased $7.23 billion from domestic foreign exchange (FX) markets between June...

Published 29 Jul, 2025 10:59am

Stocks

China stocks rise, HK lower as investors await trade talk details

HONG KONG: China stocks ended higher on Tuesday as a new round of Sino-U.S. trade talks continued, while the Hong...

Updated 29 Jul, 2025 02:55pm

Energy

Oil prices rise 1% on trade war relief, US pressure on Russia

NEW YORK: Oil prices rose on Tuesday, extending the previous day’s rally, on optimism that a trade war between the...

Updated 29 Jul, 2025 09:42pm

Forex

Euro under pressure as US-EU trade deal fails to impress

SINGAPORE: The euro struggled to recoup its steep losses on Tuesday as investors sobered up to the fact that terms...

Published 29 Jul, 2025 10:53am

Currency

Rupee gains further ground against US dollar

Local currency settles at 283.05 against greenback

Updated 29 Jul, 2025 09:02pm

Stocks

Profit-taking grips bourse, KSE-100 drops over 1,400 points

After initial buying momentum, profit-taking gripped the Pakistan Stock Exchange (PSX), causing the benchmark...

Updated 29 Jul, 2025 09:19pm

Business & Finance

Digitisation and cashless economy: Major hurdles impede govt’s push

ISLAMABAD: Lack of infrastructure, affordability, legislation and cyber threats are among the major hindrances in...

Published 29 Jul, 2025 07:50am

Industry

Chaman Chamber urges SBP to cut interest rate

KARACHI: President of the Chaman Chamber of Commerce and Industry (CCCI), Abdul Nafay Jan has said that the State...

Published 29 Jul, 2025 07:34am

Industry

Economic growth: Ahsan highlights role of creative industry

KARACHI: Federal Minister for Planning, Development and Reforms Prof Ahsan Iqbal has said that creative industries...

Published 29 Jul, 2025 07:34am

Pakistan

Punjab to provide DAP fertilizer subsidy to small farmers

LAHORE: The Punjab government is considering providing a subsidy of Rs 3,000 per bag of DAP fertilizer to farmers...

Published 29 Jul, 2025 07:30am

Business & Finance

Rupee valuation is 259.6/1 USD after adjusting CAB of FY25: Tola

LAHORE: Renowned tax expert Ashfaq Yousuf Tola said on Monday the value of PKR is 259.6/USD after adjusting the...

Published 29 Jul, 2025 07:28am

Industry

PCJCCI urges SBP to reduce interest rate to 6pc

LAHORE: As Pakistan navigates a delicate economic recovery, the Pakistan China Joint Chamber of Commerce and ...

Published 29 Jul, 2025 07:27am

Pakistan

Miftah for probe into sugar export ‘crisis’

KARACHI: Former federal finance minister Miftah Ismail on Monday called for a thorough investigation into the...

Published 29 Jul, 2025 07:25am

Industry

Business community demands ‘single-digit’ interest rate

KARACHI: Members of the business community urged the government and the State Bank of Pakistan to cut interest rates...

Published 29 Jul, 2025 07:22am

Business & Finance

Ghangra urges SBP, govt to reduce policy rate to single-digit

HYDERABAD: Chairman Hyderabad SITE Association of Trade & Industry (HSATI), Zubair Ghangra, has strongly...

Published 29 Jul, 2025 07:19am

Industry

PBF urges PM to address artificial control of exchange rate

KARACHI: The Pakistan Business Forum (PBF) has strongly urged the Prime Minister Shehbaz Sharif to address the...

Published 29 Jul, 2025 07:10am

Business & Finance

February 9, 2026: PSX will adopt T+1 settlement cycle: SECP

KARACHI: In a move to modernize Pakistan’s capital markets, the Securities and Exchange Commission of Pakistan...

Published 29 Jul, 2025 07:07am

Companies

AkzoNobel expands Karachi footprint

KARACHI: AkzoNobel Pakistan, a global leader in decorative paints and coatings, has entered into a strategic...

Published 29 Jul, 2025 06:57am

Business & Finance

What is Dubai’s ‘ground-breaking’ One Freezone Passport?

Companies licensed at one free zone can benefit from facilities located in other free zones across the emirate without requiring additional licensing.

Published 29 Jul, 2025 06:26am

Industry

PNSC HR practices criticised by shareholder director

ISLAMABAD: A shareholder director on the board of Pakistan National Shipping Corporation (PNSC) has strongly...