News Archives for Business & Finance - 2025-08-04

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Business & Finance - 2025-08-04

Companies

Pakistani startup Myco takes highest global win of Rs420mn from Tim Draper’s global startup reality show

Myco wins in Investment & Saas Business with support of PakLaunch

Published 04 Aug, 2025 10:48pm

Stocks

Most Gulf shares gain on Fed easing bets; Egypt on winning streak

Most Gulf equities rose on Monday, recovering some of the previous session’s losses due to prospects the U.S....

Published 04 Aug, 2025 09:22pm

Stocks

Wall Street springs higher after Friday’s tumultuous selloff

Wall Street’s main indexes rose on Monday, clawing back losses from the previous session’s tumble as hopes for...

Published 04 Aug, 2025 09:19pm

Technology

Kaynes Tech unit to invest $570mn in India’s Tamil Nadu state

Kaynes Technology India said on Monday its unit will invest roughly 49.95 billion rupees ($570.40 million) over the...

Published 04 Aug, 2025 09:16pm

Companies

Tata Sons-backed Tata Capital files for India IPO

India’s Tata Capital has filed for an initial public offering, draft papers showed on Monday. The Tata Sons-backed...

Published 04 Aug, 2025 09:13pm

Energy

India’s biggest refiner buys US, Middle East crude as Trump slams Russia purchases

SINGAPORE/NEW DELHI: Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the...

Published 04 Aug, 2025 09:06pm

Technology

Toyota Fortuner & Revo GR-S: built for adventure, tuned for performance

In Pakistan’s sport utility vehicles (SUV) and pickups market, Toyota’s Fortuner GR-S and Revo GR-S stand out as...

Published 04 Aug, 2025 07:39pm

Commodities

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

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

Published 04 Aug, 2025 07:01pm

Companies

India GreenLine to invest $46mn in electric truck fleet for Hindustan Zinc

India’s GreenLine Mobility Solutions said on Monday it will invest 4 billion rupees ($45.7 million) to boost its...

Published 04 Aug, 2025 06:55pm

Markets

India’s markets regulator proposes to relax limits for approval, disclosure of related-party transactions

India’s markets regulator has proposed relaxing the threshold for which companies need to seek shareholder approval...

Published 04 Aug, 2025 06:49pm

Commodities

Gold price per tola gains Rs500 in Pakistan

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

Published 04 Aug, 2025 06:18pm

Commodities

Copper climbs on supply disruptions after Chile tragedy

LONDON: Copper prices rose on Monday on supply fears after a fatal mining collapse in Chile, the world’s biggest...

Published 04 Aug, 2025 05:57pm

Companies

China’s Ant Group to exit India’s Paytm, term sheet shows

China’s Ant Group will exit Indian payments firm Paytm by selling its remaining equity stake in block deals that...

Published 04 Aug, 2025 05:53pm

Financial

India’s 10-year bond yield falls most in 12 weeks tracking US peers

MUMBAI: India’s 10-year government bond yield posted its steepest decline in 12 weeks, mirroring the move in U.S....

Published 04 Aug, 2025 05:49pm

Commodities

Cocoa falls as U.S. tariffs, jobs data ignite growth fears

LONDON: Cocoa futures on ICE slid on Monday as speculators trimmed their net long position amid worries over U.S....

Published 04 Aug, 2025 05:25pm

Companies

India’s Marico beats profit view on steady demand for packaged oil

Indian consumer goods maker Marico reported a first-quarter profit on Monday that topped analyst expectations,...

Published 04 Aug, 2025 05:17pm

Companies

India’s Ather Energy posts narrower quarterly loss, shares hit record high

India’s Ather Energy reported a narrower first-quarter loss on Monday, helped by higher demand for its e-scooters,...

Published 04 Aug, 2025 05:02pm

Companies

India’s Escorts Kubota posts first-quarter profit rise as margins improve

India’s Escorts Kubota posted a 19% rise in first-quarter profit on Monday on improvement in its margins as higher...

Published 04 Aug, 2025 04:58pm

Companies

India’s Bharti Airtel launches cloud, AI services for businesses, telcos

Bharti Airtel’s digital unit Xtelify on Monday announced a new cloud platform and AI-powered software offerings for...

Published 04 Aug, 2025 04:53pm

Companies

India’s Godrej Properties plans its largest-ever bond issue, sources say

MUMBAI: Godrej Properties, the real estate unit of India’s Godrej Industries, is set to tap the corporate bond...

Published 04 Aug, 2025 04:43pm

Companies

India’s IOC buys 7 million barrels US, Mideast crude after Russian oil pause

SINGAPORE/NEW DELHI: Indian Oil Corp (IOC), the country’s top refiner, has bought 7 million barrels of...

Published 04 Aug, 2025 04:41pm

Companies

India’s JSW Steel, Japan’s JFE to invest $669 million to boost electrical steel output

A joint venture between India’s JSW Steel and Japan’s JFE Steel will invest 58.45 billion rupees ($669 million) to...

Published 04 Aug, 2025 04:38pm

Currency

India central bank delivers maturing $5 billion dollar-rupee swap, bankers say

MUMBAI: The Reserve Bank of India will deliver a $5 billion dollar-rupee swap maturing on Monday, with surplus rupee...

Published 04 Aug, 2025 04:36pm

Commodities

India’s July palm oil imports drop as soyoil shipments surge, dealers say

MUMBAI: India’s palm oil imports fell in July because of cancellations in import contracts, while soyoil shipments...

Published 04 Aug, 2025 04:31pm

Business & Finance

Bangladesh seeks Pakistani coal, limestone to meet industrial demand in trade talks

In a bid to meet its growing industrial and energy demands, Bangladesh is seeking closer trade cooperation with...

Updated 04 Aug, 2025 10:54pm

Commodities

India’s June tea output drops 9% y/y on lower rainfall

MUMBAI: India’s tea production in Junedropped 9% from a year earlier to 133.5 million kilograms, the state-run Tea...

Published 04 Aug, 2025 04:28pm

Forex

Indian rupee extends slide on foreign outflows, dollar demand from oil firms

MUMBAI: The Indian rupee extended its decline against the U.S. dollar on Monday, pressured by persistent foreign...

Published 04 Aug, 2025 04:25pm

Stocks

Metal, IT stocks drive Indian stock benchmarks higher

India’s equity benchmarks rose on Monday, led by gains in metals and IT stocks, as hopes of a U.S. rate cut...

Published 04 Aug, 2025 04:23pm

Stocks

Sri Lanka shares snap eleven-session rally

Sri Lankan shares halted an eleven-session gaining streak on Monday, dragged lower by losses in information...

Published 04 Aug, 2025 04:19pm

Commodities

Palm oil slips over concerns of rising output, stocks

KUALA LUMPUR: Malaysian palm oil futures closed lower on Monday, weighed down by concerns over the rising stock and...

Published 04 Aug, 2025 04:16pm

Business & Finance

PNSC appoints Syed Zeeshan Taqvi as Chief Financial Officer

Pakistan National Shipping Corporation (PNSC) has appointed Syed Zeeshan Taqvi as Chief Financial Officer. His...

Published 04 Aug, 2025 03:38pm

Stocks

European shares tick higher after Friday selloff; Swiss stocks slump

European shares edged higher on Monday, recovering some ground after a sharp selloff on Friday, while Swiss stocks...

Published 04 Aug, 2025 01:00pm

Forex

Thai baht/US dollar weaker on Monday

The baht was 0.11% lower at 32.49 versus the dollar

Published 04 Aug, 2025 12:25pm

Commodities

Iron ore ticks higher on firm demand, healthy steel margins

BEIJING: Iron ore futures prices ticked up on Monday, helped by firm near-term demand, falling portside stocks and...

Published 04 Aug, 2025 12:23pm

Commodities

Malaysian palm oil firm FGV to be delisted on August 28

KUALA LUMPUR: Malaysia’s FGV Holdings , one of the world’s largest palm oil producers, will be delisted on August 28...

Published 04 Aug, 2025 12:22pm

Forex

Australia, NZ dollars hold onto gains as greenback feels rate cut drag

SYDNEY: The Australian and New Zealand dollars held onto gains on Monday after the greenback was badly bruised by a...

Published 04 Aug, 2025 12:21pm

Markets

Philippines awards $494mn in T-bills

BTr awards 7 billion pesos of 91-day T-bills at avg rate of 5.318%

Published 04 Aug, 2025 12:20pm

Markets

Thai Airways share prices rise after trading resumes

BANGKOK: Thai Airways International’s stock price surged as much as 231% after shares in the airline resumed trading...

Published 04 Aug, 2025 12:19pm

Commodities

Wheat hits lowest since May amid plentiful supplies

CANBERRA: Chicago wheat futures fell to their lowest level since May on Monday, and hovered near their lowest since...

Published 04 Aug, 2025 12:16pm

Commodities

London copper gains as weaker dollar lends support

London copper rose on Monday, helped by a softer dollar after weaker-than-expected U.S. jobs data boosted bets for a...

Published 04 Aug, 2025 12:15pm

Business & Finance

UBS to pay $300 million to resolve US mortgage securities cases

ZURICH: UBS on Monday said it will pay $300 million to settle outstanding obligations related to the misselling of...

Published 04 Aug, 2025 12:13pm

Mutual Funds

India bonds rise tracking US peers; RBI policy in focus

MUMBAI: Indian government bonds edged higher in early deals on Monday, with bulls lapping up debt after an uptick in...

Published 04 Aug, 2025 11:53am

Stocks

China, Hong Kong stocks rebound after steep weekly loss

HONG KONG: Chinese and Hong Kong stocks inched higher on Monday, recovering from last week’s sharp declines, as...

Published 04 Aug, 2025 11:52am

Stocks

Japanese shares slide most in almost four months on US economic concerns

TOKYO: Japanese shares slid the most in almost four months on Monday, as concerns mounted over the U.S. economy and...

Published 04 Aug, 2025 11:45am

Stocks

South Korean shares start week higher on tech boost

The benchmark KOSPI was up 33.51 points, or 1.07%, at 3,152.92

Published 04 Aug, 2025 11:39am

Stocks

Australian shares slip as bank, energy stocks drag

Australian shares inched lower on Monday as losses in banks and energy stocks outweighed gains in miners, while...

Published 04 Aug, 2025 11:37am

Markets

Pakistan tenders to buy 100,000 metric tons of sugar, traders say

HAMBURG: The Trading Corporation of Pakistan (TCP), Pakistan’s state agency, has issued a new international tender...

Published 04 Aug, 2025 11:02am

Exchange

Rupee strengthens further against US dollar

Currency settles at 282.66 against greenback

Updated 04 Aug, 2025 09:38pm

Companies

Pakistan’s TOMCL enters into Tajikistan with $3.24mn export deal

The Organic Meat Company Limited (TOMCL), a Pakistani meat processor, announced on Monday that it has secured...

Published 04 Aug, 2025 10:11am

Stocks

KSE-100 closes above 142,000 for the first time

Benchmark index gains over 1,000 points during trading

Updated 04 Aug, 2025 07:03pm

Companies

Circular debt plan: OGDCL receives Rs7.7bn first interest payment

Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest E&P firm, has received the first interest...

Published 04 Aug, 2025 09:46am

Bullion Rate

Gold succumbs to profit-taking after US jobs data-fuelled rally

Gold prices slipped on Monday as investors booked profits after a sharp rise in the previous session following...

Published 04 Aug, 2025 08:20am

Stocks

Indian equity benchmarks to open higher after five weeks of losses

India’s equity benchmarks are expected to open higher on Monday, following five straight weeks of losses as...

Published 04 Aug, 2025 08:17am

Forex

US jobs jolt fans Fed rate cut buzz; Indian rupee to ride dollar slump

MUMBAI: The Indian rupee is set to open higher on Monday, riding the dollar’s plunge after a weak U.S. jobs data...

Published 04 Aug, 2025 08:15am

Markets

India central bank seen holding rates, but US tariffs raise odds of cut

MUMBAI: India’s central bank is expected to hold rates steady on Wednesday, but the odds of another cut have risen...

Published 04 Aug, 2025 08:12am

Stocks

Asia shares sideswiped by US economic jitters, oil slips

SYDNEY: Asian share markets followed Wall Street lower on Monday as fears for the U.S. economy returned with a...

Published 04 Aug, 2025 08:09am

Forex

Dollar steadies after tumble as investors eye imminent Fed cuts

SINGAPORE: A battered dollar edged marginally higher on Monday after a dismal U.S. jobs report and President Donald...

Published 04 Aug, 2025 08:06am

Energy

Oil falls as OPEC+ proceeds with September output increase

Brent crude futures fell $1.17, or 1.7%, to $68.50 a barrel

Updated 04 Aug, 2025 06:09pm

Money & Banking

Latam FX rises after US economic worries weigh on dollar

BRASILIA: Most Latin American currencies firmed on Friday as the dollar tumbled after signs of a cooling US labor...

Published 04 Aug, 2025 07:28am

Money & Banking

Canadian dollar gains against the greenback

TORONTO: The Canadian dollar rebounded from a two-month low against its US counterpart on Friday as...

Published 04 Aug, 2025 07:26am

World

Iran moves to remove zeros from plunging national currency

TEHRAN: The economic commission of Iran’s parliament revived long-delayed plans on Sunday to cut four zeros from...

Published 04 Aug, 2025 05:45am

Taxes

Complaints of tax frauds: Businessmen laud formation of grievance-redressal bodies

ISLAMABAD: Business community has appreciated the constitution of Grievance Redressal Committees to first ...

Published 04 Aug, 2025 05:45am

Pakistan

Transfers, postings in FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has undertaken the transfers and postings of officers in BS-17, BS-18,...

Published 04 Aug, 2025 05:45am

Business & Finance

Electricity Pakistan & EVS World Exhibition Concludes

LAHORE: The three-day Electricity Pakistan and EVS World exhibitions concluded on Sunday at Expo Centre Lahore....

Published 04 Aug, 2025 05:45am

Industry

KP-EZDMC organises ‘Amazon training’

PESHAWAR: The Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC), through its Inclusive...

Published 04 Aug, 2025 05:45am

Cotton & Textile

Weekly Cotton Review: Prices swing wildly

KARACHI: The cotton market experienced unusual price fluctuations last week, with per-maund rates recording dramatic...

Updated 04 Aug, 2025 07:13am

Companies

From Dubai to Pakistan: Mashreq well on its way to $100mn expansion in digital banking sector

KARACHI: Mashreq, a global digital bank headquartered in Dubai, is looking to transform the banking landscape in...

Updated 04 Aug, 2025 08:59am

Business & Finance

Heavy external debt hurting economy: PDP

KARACHI: Heavy external debt is stagnating economy and social uplift of Pakistan, and unless this debt trap is...

Published 04 Aug, 2025 05:45am

Business & Finance

SECP registers DIGI Insurance to carry on non-life insurance business

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered M/s DIGI Insurance Limited to...

Published 04 Aug, 2025 05:45am

Taxes

PTBA holds Tax Bar Summit: Govt initiates reforms in tax system to bring in transparency: minister

ISLAMABAD: Federal Minister for Law and Justice Azam Nazeer Tarar has said that the present government has ...

Published 04 Aug, 2025 05:45am

Business & Finance

China welcomes 183 Brazil coffee sellers in wake of US tariffs

SAO PAULO: China has approved 183 new Brazilian coffee companies to export products to the Chinese market, according...

Published 04 Aug, 2025 05:45am

Business & Finance

OPEC+ makes another large oil output hike in market share push

LONDON: OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a...

Published 04 Aug, 2025 05:45am

Companies

ABL unveils next-generation metaverse banking experience

LAHORE: Allied Bank has officially launched its upgraded immersive banking experience in the Metaverse, marking a...

Published 04 Aug, 2025 05:45am

Companies

Volkswagen takes 1.3-bn-euro hit from Trump tariffs

FRANKFURT: German auto giant Volkswagen said Friday that tariffs imposed by US President Donald Trump had cost it ...

Published 04 Aug, 2025 05:45am

Companies

Saudi chemical maker SABIC reports another surprise loss in Q2

DUBAI: Saudi chemicals company SABIC reported another surprise quarterly loss on Sunday, after deciding to shut a...

Published 04 Aug, 2025 05:45am

Industry

Agricultural, industrial and mineral sectors: Significance of forming JVs with Chinahighlighted

LAHORE: Khadim Hussain, an active member of the Founders Group, Board Member of Pakistan Stone Development Company,...

Published 04 Aug, 2025 05:45am

Companies

Hyundai Pakistan celebrates historic milestone with 50,000 locally-assembled units

FAISALABAD: Hyundai Nishat Motor (Private) Limited proudly marks a major milestone with the line-off of its 50,000th...

Published 04 Aug, 2025 05:45am

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
Tokyo Nikkei / Aug 12	67,524.06
Nasdaq / Aug 12	26,588.49
Hang Seng / Aug 12	25,440.17
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

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
Paramount Spinning / Aug 12 Paramount Spinning Mills Limited(PASM)	12.39 ▲ 1.13 (10.04%)
Ashfaq Textile / Aug 12 Ashfaq Textile Mills Limited(ASHT)	44.84 ▲ 4.08 (10.01%)
Cordoba Logistics / Aug 12 Cordoba Logistics & Ventures Limited(CLVL)	22.96 ▲ 2.09 (10.01%)
Al-Khair Gadoon / Aug 12 Al-Khair Gadoon Limited(AKGL)	72.28 ▲ 6.57 (10%)
Aisha Steel (CPS) / Aug 12 Aisha Steel Mills Limited (CPS)(ASLCPS)	104.39 ▲ 9.49 (10%)
Asim Textile / Aug 12 Asim Textile Mills Limited(ASTM)	82.27 ▲ 7.48 (10%)
Buxly Paints / Aug 12 Buxly Paints Limited(BUXL)	305.49 ▲ 27.77 (10%)
Fecto Cement / Aug 12 Fecto Cement Limited(FECTC)	122.41 ▲ 11.13 (10%)
J.A.Textile / Aug 12 J.A. Textile Mills Limited(JATM)	62.58 ▲ 5.69 (10%)
Ruby Textile / Aug 12 Ruby Textile Mills Limited(RUBY)	25.51 ▲ 2.32 (10%)

Stock	Price
Pak Gen.Ins. / Aug 12 The Pakistan General Insurance Co. Ltd.(PKGI)	23.82 ▼ -2.65 (-10.01%)
D.S. Ind. Ltd. / Aug 12 D.S. Industries Limited(DSIL)	15.07 ▼ -1.67 (-9.98%)
First Tri-Star Mod. / Aug 12 First Tri-Star Modaraba(FTSM)	49.29 ▼ -5.39 (-9.86%)
Jubilee Spinning / Aug 12 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	50.79 ▼ -3.6 (-6.62%)
Din Tex. / Aug 12 Din Textile Mills Limited(DINT)	63.59 ▼ -4.4 (-6.47%)
Sindh Abadgar / Aug 12 Sindh Abadgar's Sugar Mills Limited(SASML)	362 ▼ -24.07 (-6.23%)
Elahi Cotton / Aug 12 Elahi Cotton Mills Limited(ELCM)	233.96 ▼ -12.98 (-5.26%)
Saritow Spinning / Aug 12 Saritow Spinning Mills Limited(SSML)	24.98 ▼ -1.36 (-5.16%)
Aisha Steel(ConPS) / Aug 12 Aisha Steel(ConPS)(ASLPS)	26.73 ▼ -1.33 (-4.74%)
IbrahimFibres / Aug 12 Ibrahim Fibres Limited(IBFL)	274.91 ▼ -13.65 (-4.73%)

Stock	Volume
Cnergyico PK / Aug 12 Cnergyico PK Limited(CNERGY)	67,754,373 ▲ 0.27
D.S. Ind. Ltd. / Aug 12 D.S. Industries Limited(DSIL)	67,531,272 ▼ -1.67
Hascol Petrol / Aug 12 Hascol Petroleum Limited(HASCOL)	47,270,202 ▲ 0.14
WorldCall Telecom / Aug 12 Worldcall Telecom Limited(WTL)	31,081,052 ▼ -0.03
Trust Sec.& Brok. / Aug 12 Trust Securities & Brokerage Limited(TSBL)	27,947,995 ▲ 0.13
Siddiqsons Tin / Aug 12 Siddiqsons Tin Plate Limited(STPL)	25,565,990 ▼ -0.2
Thatta Cement / Aug 12 Thatta Cement Company Limited(THCCL)	24,972,760 ▲ 3.09
Cres.Star Ins. / Aug 12 Crescent Star Insurance Limited(CSIL)	20,798,571 ▲ 0.31
Unity Foods Ltd / Aug 12 Unity Foods Limited(UNITY)	20,640,954 ▼ -0.33
B.O.Punjab / Aug 12 The Bank of Punjab(BOP)	18,147,542 ▲ 0.29

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