News Archives for Business & Finance - 2025-07-31

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Business & Finance - 2025-07-31

Business & Finance

Govt slashes petrol price by Rs7.54, hikes diesel by Rs1.48 per litre

New prices come into effect from August 1, 2025

Published 31 Jul, 2025 11:38pm

Pakistan

Pakistan govt closes all state-owned utility stores

All sales, purchases at utility stores closed with effect from July 31, 2025 except shifting of stock from stores to warehouses and returned to vendors and handing-taking of stores inventories, notification reads

Updated 31 Jul, 2025 10:56pm

Business & Finance

SBP foreign exchange reserves fall by $153 million to $14.30 billion

Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $153 million on a weekly basis, reaching...

Published 31 Jul, 2025 09:19pm

Stocks

Middle East equities up ahead of earnings, Dubai pulls back from 17-year high

Middle East stock markets gained on Thursday as anticipation of strong blue-chip earnings offset signals that U.S....

Published 31 Jul, 2025 07:59pm

Stocks

Wall Street jumps as Microsoft enters $4 trillion club after results

The S&P 500 and Nasdaq climbed to new record highs on Thursday, as Microsoft’s blockbuster earnings propelled...

Published 31 Jul, 2025 07:54pm

Stocks

TSX rise on tech boost; eyes on trade updates

Canada’s main stock index rose on Thursday, led by technology shares, as cautious investors assessed a spate of...

Published 31 Jul, 2025 07:49pm

Financial

India tax authorities review documents at Jane Street, local partner Nuvama’s offices, sources say

India’s income tax authorities are reviewing documents across the local offices of U.S. trading firm Jane Street and...

Published 31 Jul, 2025 07:30pm

Companies

India’s TVS Motor beats quarterly profit view, seeks rare-earth alternatives

TVS Motor, India’s top electric two-wheeler maker by sales, beat quarterly profit estimates on Thursday on strong...

Published 31 Jul, 2025 07:25pm

USA

US takes in $87bn from tariffs in first half of 2025

PARIS: The United States took in more revenue from tariffs in the first six months of 2025 than it did in all of...

Published 31 Jul, 2025 07:21pm

Commodities

Wheat down 1-3 cents, corn down 1-2, soybeans down 1-2

CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading on Thursday. Wheat...

Published 31 Jul, 2025 07:07pm

Commodities

Coffee prices rise as US imposes tariffs on top exporter Brazil

LONDON: Arabica coffee prices rose on Thursday but gains were muted overall as traders continued to hold out hope...

Published 31 Jul, 2025 07:02pm

Technology

Microsoft races past $4 trillion valuation after solid results

Microsoft soared past $4 trillion in market valuation on Thursday, becoming the second publicly traded company after...

Published 31 Jul, 2025 07:00pm

Markets

India’s garment and jewellery sectors fear for US orders after tariff shock

NEW DELHI/MUMBAI: India’s apparel and jewellery exporters are bracing for a drop in orders fromtheir biggest market...

Published 31 Jul, 2025 06:53pm

Commodities

Coal India’s quarterly profit falls on weak power demand

Coal India, which produces about 80% of the country’s coal, reported a quarterly profit decline on Thursday as...

Published 31 Jul, 2025 06:49pm

USA

Trump renews attacks on Fed chair after rates held again

WASHINGTON: President Donald Trump lashed out Thursday at Jerome Powell after the US central bank continued to hold...

Published 31 Jul, 2025 06:41pm

Companies

India’s Sun Pharma reports higher adjusted quarterly profit on strong domestic demand

Sun Pharmaceutical Industries, India’s largest drugmaker by revenue, reported a higher adjusted profit on Thursday,...

Published 31 Jul, 2025 06:22pm

Companies

Tata will keep Iveco’s industrial footprint, employees after acquisition, Iveco CEO says

ROME: India’s Tata Motors has committed to maintaining Iveco’s “industrial footprint and employee communities” after...

Published 31 Jul, 2025 06:20pm

Companies

Adani Enterprises posts first-quarter profit fall on weak coal demand

India’s Adani Enterprises, the flagship company of the Adani Group, reported a decline in first-quarter profit on...

Published 31 Jul, 2025 06:18pm

Commodities

Asia rice: Vietnam rates hit near three-month peak on higher demand

Vietnam rice export rates rose to a near three-month high this week, helped by strong demand, while Indian prices...

Published 31 Jul, 2025 06:16pm

Markets

India’s online delivery platform Swiggy posts wider quarterly loss on higher expenses

Indian online delivery platform Swiggy posted a wider quarterly loss on Thursday, as rising investments in its...

Published 31 Jul, 2025 06:08pm

Companies

Exports help India’s top carmaker Maruti Suzuki post surprise profit rise

India’s top carmaker Maruti Suzuki posted an unexpected rise in quarterly profit on Thursday, boosted by strong...

Published 31 Jul, 2025 06:05pm

Companies

India’s Royal Enfield motorcycle maker posts quarterly profit beat

Indian automaker Eicher Motors reported a bigger-than-expected quarterly profit on Thursday, helped by strong demand...

Published 31 Jul, 2025 06:02pm

Commodities

India’s gold demand to hit 5-year low as record prices dent jewellery sales, WGC says

MUMBAI: India’s gold consumption in 2025 is set to fall to a five-year low, as record-high prices are denting...

Published 31 Jul, 2025 05:58pm

Companies

Gillette India’s quarterly profit rises on grooming products demand

Gillette India reported a 25.6% increase in profit for the quarter ended June 30 on Thursday, helped by robust...

Published 31 Jul, 2025 05:54pm

Markets

India’s RBI unlikely to re-introduce fixed-rate liquidity operations, sources say

MUMBAI: India’s central bank is unlikely to re-introduce the policy of lending money daily to banks at a fixed rate,...

Published 31 Jul, 2025 05:51pm

Companies

India’s GMR Airports finalises details of its biggest bond issue, sources say

MUMBAI: India’s GMR Airports has finalised the terms of what would be its biggest corporate debt issue as it aims to...

Published 31 Jul, 2025 05:49pm

Currency

Indian rupee suffers worst monthly drop since 2022 on tariff blow, portfolio outflows

MUMBAI: The Indian rupee suffered its worst monthly drop in nearly three years on Thursday, weighed down by U.S....

Published 31 Jul, 2025 05:46pm

Energy

Indian state refiners pause Russian oil purchases, sources say

NEW DELHI: Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month...

Published 31 Jul, 2025 05:43pm

Companies

Trump’s tariff on India to do little to upset iPhone manufacturing plans

BENGALURU: President Donald Trump’s 25% tariffs on Indian goods will do little to slow the role of the Asian country...

Published 31 Jul, 2025 05:37pm

Companies

Dabur India beats first-quarter profit view on rural demand strength, retail expansion

Dabur India reported first-quarter profit above estimates on Thursday, benefiting from strong demand and as it...

Published 31 Jul, 2025 05:33pm

Companies

India’s top court to revisit order scrapping JSW Steel’s $2.3 billion Bhushan Power deal

India’s top court said on Thursday it would reconsider its order that quashed Indian steelmaker JSW Steel’s $2.3...

Published 31 Jul, 2025 05:31pm

Markets

India’s April-June fiscal deficit at 17.9% of full-year target

NEW DELHI: India’s fiscal deficit for April-June was 2.8 trillion rupees ($31.96 billion) or 17.9% of the estimate...

Published 31 Jul, 2025 05:28pm

Financial

India 10-year bond yields rise for second month on liquidity withdrawal, rate cut doubts

MUMBAI: Indian government bond yields ended higher for the second consecutive month in July as the central bank...

Published 31 Jul, 2025 05:26pm

Stocks

Indian shares trim losses as investors see US tariff threat as bargaining chip

Indian benchmark stock indexes trimmed losses on Thursday, recovering from a sharp drop in early trade, as investors...

Published 31 Jul, 2025 05:24pm

Stocks

Sri Lankan shares log best month so far in 2025

CSE All Share index settled up 0.39% to 19,642.48

Published 31 Jul, 2025 05:22pm

Commodities

US copper tumbles on tariff news, LME erodes on tepid demand

LONDON: US copper prices registered the biggest one-day decline on record on Thursday as investors scrambled to...

Published 31 Jul, 2025 05:20pm

Commodities

Palm slips on weak rival edible oils, rising output, sluggish demand

KUALA LUMPUR: Malaysian palm oil futures snapped two straight sessions of gains on Thursday, as weak rival edible...

Published 31 Jul, 2025 05:15pm

Business & Economy

Pakistan receives offers in 100,000 ton white sugar tender, traders say

Lowest offer of $539.00 a metric ton said to have been submitted by trading house ED&F Man

Updated 31 Jul, 2025 10:58pm

Business & Finance

Analysts see major economic gains in Pakistan’s trade deal with US

In a key development on the economic front, Pakistan and the United States have finalised a landmark agreement that...

Published 31 Jul, 2025 03:38pm

Business & Finance

Unilever profit slides ahead of ice cream demerger

LONDON: British consumer goods giant Unilever on Thursday said net profit fell five percent in the first six months...

Published 31 Jul, 2025 01:23pm

Companies

Pakistan’s textile manufacturer to double solar capacity with 7MW expansion

J.K. Spinning Mills Limited (JKSM), a Pakistani textile firm, plans to boost its green energy capacity and intends...

Published 31 Jul, 2025 01:09pm

Stocks

European shares edge higher amid earnings flurry, US tariff blitz

European shares edged higher on Thursday, helped by a slate of upbeat corporate updates, with investors keeping an...

Published 31 Jul, 2025 12:36pm

Stocks

China, Hong Kong stocks fall after Politburo meeting, weak factory data

HONG KONG: China and Hong Kong shares tumbled on Thursday, led by property and commodity stocks, as a lack of...

Published 31 Jul, 2025 12:35pm

Stocks

China’s yuan bounces from two-month low on stronger central bank guidance

SHANGHAI/SINGAPORE: China’s yuan rebounded from a near two-month low against the dollar on Thursday, bolstered by...

Published 31 Jul, 2025 12:33pm

Business & Finance

Zahur Cotton Mills transitions to Itanz Technologies

Zahur Cotton Mills Limited announced on Thursday that it had successfully completed its transition to Itanz...

Published 31 Jul, 2025 12:30pm

Companies

Porsche, Aston Martin hike US prices as hopes for tariff sweeteners fade

BERLIN: European luxury carmakers including Porsche and Aston Martin have surged ahead with US price hikes, which...

Published 31 Jul, 2025 11:41am

Commodities

China iron ore imports hold up as storm clouds gather: Russell

LAUNCESTON: Iron ore remains a standout performer among major commodities this year as it holds above $100 a metric...

Published 31 Jul, 2025 11:22am

Markets

StanChart sets $1.3 billion buyback as first-half profit outstrips forecasts

HONG KONG/LONDON: Standard Chartered (StanChart) reported on Thursday a higher-than-expected 26% jump in first-half...

Published 31 Jul, 2025 11:20am

Markets

Renault posts first-half loss of 11.2 billion euros

PARIS: Renault reported a first-half net loss attributable to the group of 11.19 billion euros ($12.78 billion) on...

Published 31 Jul, 2025 11:18am

Markets

SocGen lifts targets after French retail rebounds sharply

PARIS: Societe Generale, France’s third-largest listed bank, raised its annual profit target on Thursday after a...

Published 31 Jul, 2025 11:16am

Commodities

Chicago soybeans, corn steady on favourable weather; wheat prices slip

BEIJING: Chicago soybean futures were flat on Thursday, holding near a four-month low amid favourable weather,...

Published 31 Jul, 2025 11:13am

Business & Finance

Pakistan’s business community applauds new trade deal with US

Federation of Pakistan Chambers of Commerce & Industry (FPCCI), the country’s apex body of trade and industry,...

Published 31 Jul, 2025 11:12am

Markets

Swiss National Bank posts H1 loss of 15.3bn francs as dollar weakness weighs

ZURICH: The Swiss National Bank on Thursday reported a loss of 15.3 billion Swiss francs ($18.83 billion) for the...

Published 31 Jul, 2025 11:09am

Forex

Australia, NZ dollars find support after setback; Aussie data aids

SYDNEY: The Australian and New Zealand dollars steadied on Thursday after losing ground to a broadly firmer U.S....

Published 31 Jul, 2025 11:07am

Stocks

Australian shares fall on Powell’s remarks, trade deal concerns

Australian shares slipped on Thursday, led by mining stocks, as appetite for risk assets declined after U.S. Federal...

Published 31 Jul, 2025 11:05am

Stocks

Japan’s Nikkei rises ahead of BOJ policy decision

TOKYO: Japan’s Nikkei share average gained in early trading on Thursday as market participants focused on the Bank...

Published 31 Jul, 2025 11:03am

Markets

Sanofi revises annual sales growth expectations on strong Dupixent demand

France’s Sanofi said on Thursday that it expects annual sales to grow by high single-digit percentage, helped by...

Published 31 Jul, 2025 10:57am

Markets

BMW maintains guidance but forecasts tariff blow to auto profitability

BERLIN: German carmaker BMW maintained its full-year guidance on Thursday, holding strong against the threat of U.S....

Published 31 Jul, 2025 10:56am

Stocks

Lufthansa reports higher-than-expected Q2 earnings

BERLIN: Lufthansa on Thursday reported better second-quarter results than expected, boosted by low oil prices and...

Published 31 Jul, 2025 10:55am

Business & Finance

Crescent Star Insurance resumes guarantee-backed business

Crescent Star Insurance Limited (CSIL) announced on Thursday that it had resumed its guarantee business. This was...

Published 31 Jul, 2025 10:49am

Currency

Rupee strong run continues against US dollar

Local currency settles at 282.87 against greenback

Updated 31 Jul, 2025 08:21pm

Stocks

Bullish momentum grips PSX as Pakistan, US strike strategic trade deal

KSE-100 settles with a gain of nearly 1,000 points

Updated 31 Jul, 2025 08:41pm

Business & Finance

Pakistan, US strike ‘win-win’ trade deal, says Aurangzeb

Finance Minister Muhammad Aurangzeb on Thursday termed the trade deal struck between Pakistan and the United States...

Updated 31 Jul, 2025 04:42pm

Asia

Trump says US will set 15% tariff on South Korean imports under new deal

WASHINGTON/SEOUL: President Donald Trump said on Wednesday the U.S. will charge a 15% tariff on imports from South...

Published 31 Jul, 2025 08:35am

Forex

Trump’s tariff threat puts Indian rupee in firing line, traders reckon RBI may step in

MUMBAI: The Indian rupee is set to open weaker on Thursday after U.S. President Donald Trump threatened a 25% levy...

Published 31 Jul, 2025 08:26am

Stocks

Indian stocks set to open lower after Trump threatens 25% tariff, penalty

Indian shares are set to open lower on Thursday after U.S. President Donald Trump threatened a 25% tariff on goods...

Published 31 Jul, 2025 08:24am

Markets

Gold rebounds from 1-month low on renewed trade uncertainty

Gold prices rebounded on Thursday from a one-month low hit in the previous session, as trade uncertainty stemming...

Published 31 Jul, 2025 08:21am

Forex

Dollar eyes first monthly gain for the year as Fed in no hurry to ease rates

SINGAPORE: The dollar flirted with a two-month peak on Thursday after Federal Reserve Chair Jerome Powell stuck to...

Published 31 Jul, 2025 08:19am

Stocks

Asian stocks slide on weak China data, plunging copper prices

SINGAPORE: Asian equities slipped on Thursday after weaker-than-expected Chinese activity data and a plunge in...

Published 31 Jul, 2025 08:15am

Markets

Fed leaves rates steady despite Trump pressure, gives no hint of September cut

WASHINGTON: The US central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell’s...

Published 31 Jul, 2025 08:05am

Business & Finance

Digital economy & virtual assets: Pakistan takes a giant leap

KARACHI: Pakistan took a significant step forward in its digital transformation journey, as leaders from government,...

Published 31 Jul, 2025 07:52am

Energy

Oil prices ease as market weighs Trump tariff threats and US stock build

LONDON: Oil prices fell on Thursday as investors weighed the supply risks from U.S. President Donald Trump’s push...

Updated 31 Jul, 2025 06:56pm

Companies

FFC announces its financial results

ISLAMABAD: Fauji Fertilizer Company Limited (FFC) has announced its financial results for the period ended June 30,...

Published 31 Jul, 2025 07:50am

Companies

Honda Atlas Cars launches Pakistan’s first Honda HR-V e: HEV

LAHORE: Honda Atlas Cars (Pakistan) Limited announced the launch of Pakistan’s first Honda HR-V e:HEV, setting a...

Published 31 Jul, 2025 07:47am

Industry

Unchanged policy rate disappoints business community

KARACHI: The State Bank of Pakistan (SBP) has decided to maintain the policy rate at 11 percent, disappointing...

Published 31 Jul, 2025 07:44am

Companies

NBP Aitemaad Islamic branch inaugurated in DHA Phase-2 Karachi

KARACHI: NBP Aitemaad Islamic Banking unveiled the new premises of Islamic Banking Branch in DHA Phase-2 Karachi,...

Published 31 Jul, 2025 07:43am

Energy

Thar coal: TCEB approves strategic tariff, policy measures

KARACHI: Sindh Chief Minister Syed Murad Ali Shah presided over the 29th meeting of the Thar Coal & Energy Board...

Published 31 Jul, 2025 07:39am

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 12	159.43
USD to Swiss Franc / Aug 12	0.81
Pound Sterling to USD / Aug 12	1.35
Euro to USD / Aug 12	1.15
SOFR % / Aug 12	3.62

Stock	Volume
S&P 500 / Aug 12	7,748.50
India Sensex / Aug 12	77,966.35
Nasdaq / Aug 12	26,588.49
FTSE 100 / Aug 12	10,833.15
Dow Jones / Aug 12	53,770.27
Germany DAX 30 / Aug 12	26,331.07
France CAC40 / Aug 12	8,674.94
Tokyo Nikkei / Aug 13	68,621.41
Hang Seng / Aug 13	25,406.75

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 11	18,580
Crude Oil USD/Barrel / Aug 12	82.60
Gold 10 Grams PKR / Aug 12	397,750
Gold Spot USD/Ounce / Aug 12	4,407.12
Cotton US¢/pound / Aug 12	84.38
Petrol/Litre / Aug 13	324.98
Diesel/Litre / Aug 13	382.79

Gainers
Losers
Leaders

Stock	Price
Ideal Dynamics / Aug 13 Ideal Dynamics Limited(IDEAL)	49.13 ▲ 4.47 (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%)
Rupali polyester / Aug 13 Rupali Polyester Limited(RUPL)	33 ▲ 3 (10%)
Ashfaq Textile / Aug 13 Ashfaq Textile Mills Limited(ASHT)	49.32 ▲ 4.48 (9.99%)
Shadman Cotton / Aug 13 Shadman Cotton Mills Limited(SHCM)	75.40 ▲ 6.48 (9.4%)

Stock	Price
Supernet Tech. / Aug 13 Supernet Technologies Limited(STL)	29.80 ▼ -11.93 (-28.59%)
First Tri-Star Mod. / Aug 13 First Tri-Star Modaraba(FTSM)	44.76 ▼ -4.53 (-9.19%)
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	13.70 ▼ -1.37 (-9.09%)
JS Investments / Aug 13 JS Investments Limited(JSIL)	44 ▼ -2.84 (-6.06%)
Escorts Bank / Aug 13 Escorts Investment Bank Limited(ESBL)	11.19 ▼ -0.47 (-4.03%)
Adam Sugar / Aug 13 Adam Sugar Mills Limited(ADAMS)	63.15 ▼ -2.27 (-3.47%)
Pak Tobacco / Aug 13 Pakistan Tobacco Company Limited(PAKT)	1,416 ▼ -44.79 (-3.07%)
First Capital Equities / Aug 13 First Capital Equities Limited(FCEL)	5.25 ▼ -0.15 (-2.78%)
Cresent Jute / Aug 13 Crescent Jute Products Limited(CJPL)	24.50 ▼ -0.6 (-2.39%)
Merit Packaging / Aug 13 Merit Packaging Limited(MERIT)	10.10 ▼ -0.24 (-2.32%)

Stock	Volume
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	5,427,818 ▼ -1.37
Thatta Cement / Aug 13 Thatta Cement Company Limited(THCCL)	1,978,260 ▲ 3.27
Cnergyico PK / Aug 13 Cnergyico PK Limited(CNERGY)	1,910,093 ▲ 0.03
B.O.Punjab / Aug 13 The Bank of Punjab(BOP)	810,336 ▲ 0.3
Hascol Petrol / Aug 13 Hascol Petroleum Limited(HASCOL)	770,925 ▼ -0.01
Cres.Star Ins. / Aug 13 Crescent Star Insurance Limited(CSIL)	692,593 ▲ 0.19
Sui South Gas / Aug 13 Sui Southern Gas Company Limited(SSGC)	690,524 ▲ 0.28
Pak Refinery / Aug 13 Pakistan Refinery Limited(PRL)	523,344 ▼ -0.04
TPL Properties / Aug 13 TPL Properties Limited(TPLP)	497,421 ▲ 0.17
WorldCall Telecom / Aug 13 Worldcall Telecom Limited(WTL)	350,001 ▲ 0

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