News Archives for Business & Finance - 2025-08-07

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Business & Finance - 2025-08-07

Pakistan

Nepra approves Rs1.89 cut in uniform tariff for Aug-Oct

The National Electric Power Regulatory Authority (Nepra) approved on Thursday a decrease of Rs1.89 in the uniform...

Published 07 Aug, 2025 09:11pm

USA

US expects $50 billion a month in tariff revenues, US Commerce chief Lutnick says

WASHINGTON: US Commerce Secretary Howard Lutnick said on Thursday he expects the country to collect $50 billion a...

Published 07 Aug, 2025 08:29pm

USA

Waller is favorite for Fed chair among Trump team, Bloomberg News reports

Federal Reserve Governor Christopher Waller is emerging as a top candidate to serve as the central bank’s chair...

Published 07 Aug, 2025 08:14pm

Money & Banking

Russia allows transfers from foreigners’ blocked accounts as part of asset swaps

MOSCOW: Russia’s central bank has tweaked its rules for non-residents, allowing foreigners’ funds from special...

Published 07 Aug, 2025 06:59pm

Money & Banking

India’s AU Small Finance Bank gets first universal banking licence in a decade

India’s AU Small Finance Bank, on Thursday, got the banking regulator’s ‘in-principle’ approval to transition into a...

Published 07 Aug, 2025 06:56pm

Markets

SBP-held reserves decline by $72 million to $14.2 billion

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $72 million on a weekly basis,...

Updated 07 Aug, 2025 10:48pm

USA

Trump calls on Intel CEO to resign

U.S. President Donald Trump called for the immediate resignation of Intel’s new CEO, Lip-Bu Tan, saying he was...

Published 07 Aug, 2025 05:35pm

Forex

Ripple to buy stablecoin platform Rail for $200 million

Ripple will buy stablecoin payments platform Rail for $200 million, the company said on Thursday, weeks after U.S....

Published 07 Aug, 2025 05:32pm

Money & Banking

Bank of England cuts rate as keeps watch over tariffs

LONDON: The Bank of England on Thursday cut its key interest rate by a quarter point to four percent, the lowest...

Published 07 Aug, 2025 05:25pm

Energy

Pakistan Refinery to buy its first Nigerian Bonny Light oil from Vitol, sources say

KARACHI: Pakistan Refinery Limited will import its first cargo of Nigerian Bonny Light crude from Vitol in...

Published 07 Aug, 2025 04:20pm

Commodities

Gold price per tola increases to over Rs362,000 in Pakistan

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

Updated 07 Aug, 2025 05:41pm

Commodities

Adani to build India’s biggest privately funded coal power plant in a decade

Indian billionaire Gautam Adani’s group will build and operate a $3 billion coal-fired power plant in Bihar state...

Published 07 Aug, 2025 01:20pm

Markets

Pakistan risks wasting ‘golden opportunity’ in US market: FPCCI

Despite securing the lowest tariff rates on exports to the United States in the region, Pakistan risks losing this...

Published 07 Aug, 2025 01:11pm

Forex

China’s yuan firms on stronger fix and upbeat trade data

SHANGHAI: China’s yuan firmed slightly against the U.S. dollar on Thursday, supported by a stronger official...

Published 07 Aug, 2025 12:37pm

Stocks

China, Hong Kong stocks extend gains as Chinese exports beat forecasts

HONG KONG: China and Hong Kong stocks rose in morning trade on Thursday as upbeat Chinese trade data added fuel to...

Published 07 Aug, 2025 12:32pm

Commodities

Palm prices expected to hover around 4,000 ringgit this year, says SD Guthrie

KUALA LUMPUR: Malaysia’s palm oil plantation company SD Guthrie Berhad said on Thursday that crude palm oil prices...

Published 07 Aug, 2025 12:21pm

Companies

Meat exporter TOMCL qualifies for all Carrefour retail networks in UAE

The Organic Meat Company Limited (TOMCL) announced on Thursday that it has qualified for direct exports to Carrefour...

Published 07 Aug, 2025 12:17pm

Commodities

Wheat steadies after ample supply pushes prices to 5-year low

CANBERRA: Chicago wheat futures rose on Thursday after ample supply and the placing of bearish bets by speculators...

Published 07 Aug, 2025 11:42am

Markets

Toyota says it will build new car factory in Japan

TOKYO: Toyota Motor said on Thursday it would build a new vehicle factory in its namesake city in central Japan to...

Published 07 Aug, 2025 11:39am

Stocks

Australia, NZ dollars hit one-week highs amid US dollar malaise

SYDNEY: The Australian and New Zealand dollars hit one-week highs on Thursday as their U.S. counterpart felt the...

Published 07 Aug, 2025 11:38am

Stocks

Australia shares slip from record peak as banks drag

Australian shares were muted on Thursday, slipping from a record peak hit in the previous session as losses in banks...

Published 07 Aug, 2025 11:35am

Stocks

Japan’s Topix hits record high on Wall Street rally, solid earnings

TOKYO: Japan’s Topix index touched a record high on Thursday, tracking strong overnight gains on Wall Street, while...

Published 07 Aug, 2025 11:32am

Energy

Pakistan’s renewable rush: Another textile firm plans 7.2MW solar system

In a move aligned with Pakistan’s industrial sector’s growing shift toward renewable energy, Kohinoor Textile Mills...

Updated 07 Aug, 2025 04:16pm

Companies

Top 10 cement companies at Pakistan Stock Exchange as of August 2025

The cement sector plays an important role in Pakistan’s economic development, serving as a backbone for...

Published 07 Aug, 2025 11:03am

Companies

Pakistani textile exporter to establish subsidiary in US to tap global markets

Kohinoor Mills Limited (KML), a Pakistani yarn exporter, is set to expand its global footprint with the...

Updated 07 Aug, 2025 04:15pm

Exchange

Rupee registers gain against US dollar

Currency hovers at 282.56 against greenback

Updated 07 Aug, 2025 06:50pm

Stocks

Records tumble at PSX as buying rally continues

KSE-100 settles at 145,647.13, following a gain of over 550 points

Updated 07 Aug, 2025 07:16pm

USA

Trump says US will levy 100% tariff on some chip imports

WASHINGTON: The United States will impose a tariff of about 100% on semiconductor chips imported from countries not...

Published 07 Aug, 2025 08:35am

Markets

Sony hikes annual profit forecast by 4%, citing smaller trade war impact

TOKYO: Sony raised its full-year operating profit forecast on Thursday by 4% to 1.33 trillion yen ($9.01 billion),...

Published 07 Aug, 2025 08:30am

Bullion Rate

Gold gains as Trump doubles India tariffs, boosting safe-haven demand

Gold rose on Thursday, supported by renewed safe-haven demand after U.S. President Donald Trump slapped an...

Published 07 Aug, 2025 08:29am

Stocks

Indian shares set for muted open after Trump doubles tariff

MUMBAI: Indian shares are poised for a muted start on Thursday after the United States imposed an additional 25%...

Published 07 Aug, 2025 08:20am

Forex

Indian rupee likely to hold ground after Trump ramps up tariff heat on Indian goods

MUMBAI: The Indian rupee is expected to open largely unchanged on Thursday, showing limited reaction to U.S....

Published 07 Aug, 2025 08:17am

Stocks

Asian stocks climb, dollar droops on Fed easing bets

TOKYO: Asian equities rose on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall...

Published 07 Aug, 2025 08:15am

Forex

Dollar holds losses on US economy concerns, Fed appointments

TOKYO: The dollar remained lower against major peers on Thursday, as expectations of Federal Reserve rate cuts grew...

Published 07 Aug, 2025 07:59am

Energy

Oil dips on announcement of Trump-Putin meeting

NEW YORK: Oil prices dipped on Thursday, wiping out gains earlier in the session, after the Kremlin said Russian...

Updated 07 Aug, 2025 09:43pm

Business & Finance

PCA is ‘functionally weak with less strength’: Chief Collector Customs

KARACHI: The Chief Collector of Customs Appraisement South, Jamil Nasir, has challenged the credibility of the...

Published 07 Aug, 2025 07:32am

Companies

MCB Bank delivers Rs58.06bn PBT in H1CY25

LAHORE: The Board of Directors of MCB Bank Limited (MCB), in its meeting held under the chairmanship of Mian ...

Published 07 Aug, 2025 07:19am

Industry

Pakistan Mart Project to connect local products with global markets: DG NLC

LAHORE: The Pakistan Mart project is a revolutionary initiative that will serve as a modern and comprehensive...

Published 07 Aug, 2025 07:18am

Business & Finance

PBIT decides to initiate high-priority projects in first phase

LAHORE: The first meeting of the Project & Business Development Committee, established under the Government of...

Published 07 Aug, 2025 07:17am

Business & Finance

SECP registers record 4,065 cos in July

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has achieved a historic milestone by ...

Published 07 Aug, 2025 07:04am

Companies

Interloop Ltd embarks on strategic digital transformation journey with SAP Ariba

KARACHI: Interloop Limited, one of the world’s largest vertically integrated textile manufacturers and a leading...

Published 07 Aug, 2025 07:02am

Companies

Cabinet appoints Shoaib as SLIC CEO for another 3 years

KARACHI: Shoaib Javed Hussain has been appointed as the Chief Executive Officer of State Life Insurance Corporation...

Published 07 Aug, 2025 06:56am

Companies

foodpanda added $1.2bn to economic activity in FY24: study

KARACHI: An independent study has revealed that foodpanda contributed a remarkable $1.2 billion to Pakistan’s...

Published 07 Aug, 2025 06:54am

Business & Finance

Cut in circular debt: FPCCI leader for benefiting consumers

KARACHI: Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Amaan Pracha has...

Published 07 Aug, 2025 06:48am

Asia

Hong Kong’s Cathay Pacific unveils deal to buy 14 Boeing jets

HONG KONG: Hong Kong carrier Cathay Pacific said on Wednesday it would place a US$8.1 billion order for 14 Boeing...

Published 07 Aug, 2025 05:56am

Business & Finance

KP govt’s loan scheme improves small businesses

PESHAWAR: The Khyber Pakhtunkhwa government's interest-free loan provision project to improve the quality of life of...

Published 07 Aug, 2025 05:56am

Industry

HBL, SEDF sign MoU on SMEs development in Sindh

KARACHI: HBL and Sindh Enterprise Development Fund (SEDF) signed a MoU on Wednesday to provide subsidized loans to...

Published 07 Aug, 2025 05:56am

Industry

FPCCI chief seeks clarification about IDC on imports in Sindh

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has strongly...

Published 07 Aug, 2025 05:56am

Money & Banking

Asian currencies: Philippine peso, South Korean won slip amid Fed uncertainty

BENGALURU: Asian currencies were subdued on Wednesday and regional equities were mixed, as investors warily awaited...

Published 07 Aug, 2025 05:56am

Money & Banking

Dollar falls as traders bet on more rate cuts

NEW YORK: The dollar dropped on Wednesday and the euro hit a one-week high as traders bet that the Federal Reserve...

Published 07 Aug, 2025 05:56am

Money & Banking

Yuan edges lower in tight trade

SHANGHAI: China’s yuan softened against a steady US dollar on Wednesday, trading in tight ranges as investors...

Published 07 Aug, 2025 05:56am

Business & Finance

SECP strongly recommends that personal lines insurance should be exempted from ST

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has strongly recommended the Federal Board of...

Updated 07 Aug, 2025 08:46am

Business & Finance

‘Economy to suffer if PTB dissolved’

LAHORE: Pakistan’s economy could face a substantial loss of estimated Rs700 billion from the tobacco sector if the...

Published 07 Aug, 2025 05:56am

Business & Finance

NLC-DP World delegation meets commerce minister

ISLAMABAD: In a major push towards boosting Pakistani exports, a delegation from NLC and DP World, led by Director...

Published 07 Aug, 2025 05:56am

Business & Finance

Iraq interested in ferry service, rice import

ISLAMABAD: Iraq has informed Pakistan that it was ready to welcome a ferry service between Umm Qassar Port of Iraq...

Published 07 Aug, 2025 05:56am

Business & Finance

SOEs: streamlining board position appointments recommended

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) recommended for reviewing and streamlining the...

Published 07 Aug, 2025 05:56am

Industry

PCJCCI, Pakpattan chamber discuss areas of cooperation under CPEC

LAHORE: The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) welcomed a delegation from the Pakpattan...

Updated 07 Aug, 2025 07:12am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	278.57
USD PKR Interbank Buying / Jun 9	278.37
USD to Japanese Yen / Jun 10	160.36
USD to Swiss Franc / Jun 10	0.80
Pound Sterling to USD / Jun 10	1.34
Euro to USD / Jun 10	1.15
SOFR % / Jun 9	3.63

Stock	Volume
S&P 500 / Jun 9	7,386.65
Nasdaq / Jun 9	25,678.82
FTSE 100 / Jun 9	10,227.33
Dow Jones / Jun 9	50,872.11
Germany DAX 30 / Jun 9	24,433.06
France CAC40 / Jun 9	8,203.43
India Sensex / Jun 10	74,322.20
Tokyo Nikkei / Jun 10	64,166.71
Hang Seng / Jun 10	24,292.95

Item	Value
Gold 10 Grams PKR / Jun 9	389,534
Petrol/Litre / Jun 10	377.78
Crude Oil USD/Barrel / Jun 10	88.87
Gold Spot USD/Ounce / Jun 10	4,174.27
Diesel/Litre / Jun 10	380.78
Cotton US¢/pound / Jun 10	75.60

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 10 First Fidelity Leasing Modaraba(FFLM)	10.67 ▲ 1 (10.34%)
Burshane LPG / Jun 10 Burshane LPG (Pakistan) Limited(BPL)	62.55 ▲ 5.69 (10.01%)
Redco Textile / Jun 10 Redco Textiles Limited(REDCO)	31.55 ▲ 2.87 (10.01%)
Pak. P.V.C. / Jun 10 Pakistan PVC Limited(PPVC)	23.63 ▲ 2.15 (10.01%)
Kohat Textile / Jun 10 Kohat Textile Mills Limited(KOHTM)	122.68 ▲ 11.15 (10%)
Leather Up Ltd. / Jun 10 Leather Up Limited(LEUL)	42.60 ▲ 3.87 (9.99%)
Ansari Sug. / Jun 10 Ansari Sugar Mills Limited(ANSM)	18.74 ▲ 1.7 (9.98%)
Asia Ins. / Jun 10 Asia Insurance Company Limited(ASIC)	37.19 ▲ 3.35 (9.9%)
IGI Life Ins / Jun 10 IGI Life Insurance Limited(IGIL)	21.75 ▲ 1.94 (9.79%)
Ahmad Hassan / Jun 10 Ahmad Hassan Textile Mills Limited(AHTM)	93.94 ▲ 8.32 (9.72%)

Stock	Price
Idrees Tex. / Jun 10 Idrees Textile Mills Limited(IDRT)	57.68 ▼ -6.41 (-10%)
PIA Holding Co.B / Jun 10 PIA Holding Company Limited B(PIAHCLB)	17,014 ▼ -1376 (-7.48%)
JS Global Cap. / Jun 10 JS Global Capital Limited(JSGCL)	157.01 ▼ -12.31 (-7.27%)
Pak Qatar Family / Jun 10 Pak Qatar Family Takaful Limited(PAKQATAR)	23.98 ▼ -1.74 (-6.77%)
Gulistan Sp. / Jun 10 Gulistan Spinning Mills Limited(GUSM)	8.60 ▼ -0.59 (-6.42%)
Khalid Siraj / Jun 10 Khalid Siraj Textile Mills Limited(KSTM)	11.65 ▼ -0.75 (-6.05%)
Pak Qatar Gen.Takaful / Jun 10 Pak Qatar General Takaful Limited(PQGTL)	16.38 ▼ -0.96 (-5.54%)
Aisha Steel (CPS) / Jun 10 Aisha Steel Mills Limited (CPS)(ASLCPS)	67 ▼ -3 (-4.29%)
Cresent Jute / Jun 10 Crescent Jute Products Limited(CJPL)	13.40 ▼ -0.46 (-3.32%)
Askari Life Assur. / Jun 10 Askari Life Assurance Company Limited(ALAC)	22.70 ▼ -0.66 (-2.83%)

Stock	Volume
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	23,252,312 ▼ -0.21
Telecard Limited / Jun 10 Telecard Limited(TELE)	22,000,213 ▲ 0.47
TPL Corp Ltd / Jun 10 TPL Corp Limited(TPL)	12,708,265 ▲ 0.13
TPL REIT Fund I / Jun 10 TPL REIT Fund I(TPLRF1)	10,359,779 ▲ 0.38
Loads Limited / Jun 10 Loads Limited(LOADS)	9,531,358 ▲ 0.66
Big Bird Foods / Jun 10 Big Bird Foods Limited(BBFL)	8,563,036 ▲ 1.83
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	7,660,817 ▼ -0.24
Maple Leaf Cement / Jun 10 Maple Leaf Cement Factory Limited(MLCF)	7,171,225 ▲ 0.86
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	7,120,690 ▼ -0.01
B.O.Punjab / Jun 10 The Bank of Punjab(BOP)	5,391,695 ▲ 0.52

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