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

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Business & Finance - 2025-08-08

Pakistan

Pakistan court jails 3 illegal currency dealers for 5 years, fines Rs1mn each

KARACHI: A Pakistan court sentenced on Friday three illegal currency dealers to five years in prison and imposed a...

Published 08 Aug, 2025 09:48pm

Markets

Entering Pakistan startup ecosystem, UAE-based Yango Group acquires stake in fintech Trukkr

Yango Group, a UAE based tech company, has acquired a stake in Trukkr, a fintech platform in Pakistan, making its...

Published 08 Aug, 2025 08:46pm

Stocks

Wall Street gains as Trump’s interim Fed choice stokes dovish bets

Wall Street rose on Friday, setting up a strong finish to the week, after President Donald Trump’s interim pick for...

Published 08 Aug, 2025 08:32pm

Stocks

TSX set for biggest weekly gain in 11 months; earnings, fed revamp in focus

Canada’s main stock index inched up on Friday and was on track for its largest weekly gain in 11 months as investors...

Published 08 Aug, 2025 08:29pm

Business & Finance

Govt, FFCL discuss fertiliser supply, pricing ahead of cropping seasons

Federal Minister for National Food Security and Research Rana Tanveer Hussain on Friday met Fauji Fertiliser Company...

Published 08 Aug, 2025 08:03pm

Stocks

Amlak Finance and DEWA Lead Dubai’s Recovery; Abu Dhabi edges lower

The Dubai index ended Friday on a positive note, led by investor optimism that U.S. interest rates could decline...

Published 08 Aug, 2025 06:35pm

Financial

India’s Manappuram Finance posts drop in profit on microfinance weakness

Indian gold-loan financier Manappuram Finance reported a drop in first-quarter profit on Friday, as bad-loan...

Published 08 Aug, 2025 05:19pm

Companies

Indian automaker Tata Motors’ quarterly profit plunges as tariffs, slow sales bite

Indian automaker Tata Motors’ posted a 63% slump in first quarter profit on Friday, as U.S. tariffs hurt its...

Published 08 Aug, 2025 05:13pm

Companies

Rolls-Royce nears deal to offload $5.37 billion of UK pension liabilities, Bloomberg News reports

UK’s Rolls-Royce is close to announcing a deal with insurer Pension Insurance Corporation (PIC) to offload almost 4...

Published 08 Aug, 2025 05:10pm

Forex

Sterling at two-week high as traders digest BoE vote split

LONDON: The pound neared two-week highs versus the dollar on Friday as traders continued to digest Thursday’s Bank...

Published 08 Aug, 2025 05:07pm

Financial

India bond yields a tad up this week amid RBI-led selloff

MUMBAI: Indian government bond yields ended higher on Friday and for the week after the central bank maintained...

Published 08 Aug, 2025 05:02pm

Energy

HUBCO shareholders approve $51mn guarantees for Thar-based coal projects

The shareholders of Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), have...

Published 08 Aug, 2025 04:51pm

Companies

India’s Reliance Infra to recover $2.44 billion in unpaid power dues from New Delhi consumers

India’s Reliance Infrastructure said on Friday that its power distribution companies in New Delhi will recover...

Published 08 Aug, 2025 04:50pm

Technology

India tech giant TCS layoffs herald AI shakeup of $283 billion outsourcing sector

BENGALURU: Indian outsourcing giant Tata Consultancy Services’ decision to cut over 12,000 jobs signals the start of...

Published 08 Aug, 2025 04:47pm

Companies

India’s HPCL explores Russian oil alternative amid price, sanction worry

NEW DELHI: India’s Hindustan Petroleum Corp is scouting for alternative crudes to protect itself if it were to stop...

Published 08 Aug, 2025 04:42pm

Companies

Venky’s India reports 79% slump in quarterly profit as poultry business shrinks

Venky’s India posted a nearly 79% drop in first-quarter profit on Friday, as its poultry business margins shrank,...

Published 08 Aug, 2025 04:39pm

Markets

State Bank of India beats profit view on treasury boost, but margin declines

State Bank of India beat quarterly profit estimates on Friday, driven by treasury income and curtailed expenses, but...

Published 08 Aug, 2025 04:35pm

Forex

Indian rupee logs worst losing streak in 6 months on US tariff woes; RBI caps damage

MUMBAI: The Indian rupee ended lower for a fifth straight week, its biggest consecutive weekly drop in six months,...

Published 08 Aug, 2025 04:33pm

Companies

Indian state refiners step up non-Russian oil purchases under Trump pressure

NEW DELHI/SINGAPORE: India’s biggest state refiners Indian Oil Corp and Bharat Petroleum have bought at least 22...

Published 08 Aug, 2025 04:31pm

Energy

India government approves $4.8 billion to subsidise cooking gas

MUMBAI: Indian Prime Minister Narendra Modi’s cabinet approved spending 300 billion rupees ($3.42 billion) to...

Published 08 Aug, 2025 04:28pm

Stocks

India’s Nifty, Sensex suffer longest weekly losing streak in five years on trade, earnings fears

India’s equity benchmarks fell on Friday, posting their sixth straight weekly loss as U.S. tariffs, trade...

Published 08 Aug, 2025 04:26pm

Commodities

Copper edges higher on US rate cut hopes and Chinese demand

LONDON: Copper prices crept higher for a third consecutive session on Friday, bolstered by hopes of U.S. interest...

Published 08 Aug, 2025 04:22pm

Commodities

Palm snaps two-week losing streak on demand hopes

KUALA LUMPUR: Malaysian palm oil futures rose on Friday, snapping a two-week losing streak, supported by...

Published 08 Aug, 2025 04:20pm

Markets

Pakistan receives $3.2bn in remittances in July 2025

Saudi Arabia remains Pakistan's top source of remittance inflows

Updated 08 Aug, 2025 10:06pm

Markets

Govt urges timber traders to grow forests

Federal Minister for Commerce Jam Kamal Khan has urged the timber trade sector to play a proactive role in forest...

Published 08 Aug, 2025 01:45pm

Business & Finance

PM Shehbaz orders roadmap to boost Pakistan’s IT exports to $30bn

Prime Minister Shehbaz Sharif has directed authorities to present a comprehensive roadmap with phased annual targets...

Published 08 Aug, 2025 01:39pm

Commodities

Gold price per tola gains Rs500 in Pakistan

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

Published 08 Aug, 2025 01:24pm

Technology

Pakistan Petroleum thwarts ransomware attempt, says no critical data compromised

Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has reported a ransomware attack on parts of its...

Published 08 Aug, 2025 12:15pm

Forex

Australia, NZ dollars set for weekly gains, RBA policy meet next week

SYDNEY: The Australian and New Zealand dollars were set for weekly gains on Friday with the U.S. dollar burdened by...

Published 08 Aug, 2025 11:51am

Stocks

Banks, energy stocks drag Australia shares lower

Australian shares inched lower on Friday as banks and energy stocks declined, while investors braced for peak...

Published 08 Aug, 2025 11:48am

Stocks

Japan’s Topix tops 3,000 for first time as SoftBank surges 10%

TOKYO: Japan’s Topix index rose above the psychological 3,000-point mark on Friday for the first time ever, as...

Published 08 Aug, 2025 11:44am

Mutual Funds

India bonds edge down in thin trade before debt sale

MUMBAI: Indian government bonds dipped in early trading on Friday, as investors remained wary ahead of the weekly...

Published 08 Aug, 2025 11:24am

Energy

Trump tariffs on Russia’s oil buyers bring economic, political risks

WASHINGTON/LONDON: From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has...

Published 08 Aug, 2025 11:17am

Markets

Moody’s warns US tariffs may hurt India’s manufacturing push, slow growth

US President Donald Trump’s steep 50% tariffs on Indian imports could severely undermine India’s manufacturing...

Published 08 Aug, 2025 11:10am

Commodities

Palm rises on demand revival, on track to snap two-week losing streak

KUALA LUMPUR: Malaysian palm oil futures climbed on Friday and are poised to snap a two-week losing streak, as...

Published 08 Aug, 2025 11:03am

Commodities

Wheat, corn and soy steady after price falls stoke demand

CANBERRA: Chicago wheat, corn and soybean futures rose slightly on Friday, building on the previous session’s gains...

Published 08 Aug, 2025 11:01am

Business & Finance

BankIslami announces changes in key positions

BankIslami Pakistan Limited announced on Friday the appointments of an acting Chief Financial Officer (CFO) and an...

Published 08 Aug, 2025 10:15am

Currency

Rupee strengthens against US dollar

Currency settles at 282.47 against greenback

Updated 08 Aug, 2025 06:14pm

Stocks

KSE-100 Index closes marginally lower after late-session selling

Profit-taking was observed at the Pakistan Stock Exchange (PSX) during the second half of the trading session on...

Updated 08 Aug, 2025 06:55pm

Business & Finance

Gohar Ejaz hails Field Marshal for ‘safeguarding business community’

ISLAMABAD: Economic Policy & Business Development (EPBD) Chairman Gohar Ejaz gave full credit to Field Marshal...

Published 08 Aug, 2025 09:31am

Markets

Trump tariffs hit India’s garment makers as US buyers say move production

MUMBAI/CHENNAI: Ever since Donald Trump’s tariff salvo on India this week, garment maker Pearl Global - whose U.S....

Published 08 Aug, 2025 08:45am

Bullion Rate

Gold futures hit record high after report of US tariffs on gold bars

Gold futures climbed to a record high on Friday after a report that the United States had imposed tariffs on imports...

Published 08 Aug, 2025 08:39am

Stocks

India stock benchmarks set to open higher on proposed Trump-Putin meeting

India’s equity benchmarks are set to open higher on Friday, after last session’s steep intraday losses, on optimism...

Published 08 Aug, 2025 08:22am

Forex

Indian rupee likely to rise after central bank rattles short NDF bets

MUMBAI: The Indian rupee is poised to appreciate at open on Friday after traders unwound short positions in the...

Published 08 Aug, 2025 08:20am

Forex

Trump’s Fed pick, Bank of England’s ‘hawkish’ cut weigh on dollar

SINGAPORE: The dollar was under pressure on Friday and was on course for a weekly fall as U.S. President Donald...

Published 08 Aug, 2025 08:17am

Stocks

Japan index hits record high on earnings boost, other Asian markets ease

SINGAPORE: Japanese shares surged on Friday after positive earnings reports and expectations the U.S. would remove...

Published 08 Aug, 2025 08:15am

Energy

Oil ticks down on reports of US-Russia deal

Brent crude futures were down 7 cents at $66.36 a barrel

Updated 08 Aug, 2025 09:38pm

Energy

Ogra holds awareness seminar on lube oil sector

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) conducted a seminar in Karachi on lube oil sector in Pakistan...

Published 08 Aug, 2025 07:59am

Pakistan

Punjab Revenue Authority launches crackdown on unregistered service providers

LAHORE: The Punjab Revenue Authority (PRA) has formed special monitoring teams to ensure sales tax compliance and...

Published 08 Aug, 2025 07:57am

Business & Finance

Further empowerment for MUFAP: Mutual funds to go digital with SECP support

ISLAMABAD: To make mutual funds more accessible to the general public, the Securities and Exchange Commission of...

Published 08 Aug, 2025 07:47am

Companies

NBP expands digital services to various organisations

KARACHI: National Bank of Pakistan (NBP) has taken another major step towards promoting a cashless economy by...

Published 08 Aug, 2025 07:40am

Industry

Issues facing traders: LCCI, MBCCI agree to strengthen cooperation

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and Mandi Bahauddin Chamber of Commerce and Industry...

Published 08 Aug, 2025 07:34am

Pakistan

Punjab launches first ‘Life Insurance Company’

LAHORE: Punjab Finance Minister Mujtaba Shuja-ur-Rehman has said that the Punjab government has taken a new step in...

Published 08 Aug, 2025 07:23am

Industry

Businessmen urge govt to capitalise on US tariffs

KARACHI: Businessmen urged the government to tap the US tariffs in competitive advantage over different regional...

Published 08 Aug, 2025 06:36am

Cotton & Textile

Cabinet body underscores need for enhancing cotton production, profitability

ISLAMABAD: The Cabinet Committee on Essential Crops had emphasised the need for coordinated, evidence based, and...

Published 08 Aug, 2025 06:32am

Companies

Jazz invests over Rs25.5bn in infrastructure expansion

KARACHI: With an investment of PKR 25.5 billion, Jazz has reported a strong growth of 17.7 percent in the first half...

Published 08 Aug, 2025 06:29am

Companies

PTCL Group partners with Teradata

ISLAMABAD: The PTCL Group (Pakistan Telecommunication Company Limited and Ufone 4G), Pakistan’s leading telecom ...

Published 08 Aug, 2025 06:28am

Industry

Traders oppose demolition of Shahi Katha market

PESHAWAR: Traders on Thursday took a unified stance regarding the anti-encroachment campaign and declared no...

Published 08 Aug, 2025 06:27am

Pakistan

Top Customs official appointed as FBR Member Operations

ISLAMABAD: After announcement of federal budget (2025-26), the Federal Board of Revenue (FBR) has announced major...

Published 08 Aug, 2025 06:00am

Money & Banking

Asian currencies: Taiwan dollar hits one-week high

BENGALURU: Asian currencies firmed and most stock markets rose on Thursday as investors appeared to dismiss US...

Published 08 Aug, 2025 06:00am

Money & Banking

Dollar gains on report Waller favored to head Fed

NEW YORK: The US dollar rose on Thursday after Bloomberg News reported that Federal Reserve Governor Christopher...

Published 08 Aug, 2025 06:00am

Industry

Gems & jewellery: MoC fails to rescind SRO 760 issued to suspend export, import

ISLAMABAD: Ministry of Commerce (MoC) has reportedly failed to honour its commitment to rescind the Statutory...

Published 08 Aug, 2025 06:00am

Taxes

STGO issuance welcomed: Businessmen laud curbs on FBR arrest powers

ISLAMABAD: Business community lauded government’s move to restrict Federal Board of Revenue (FBR) arrest powers ...

Published 08 Aug, 2025 06:00am

Industry

Home appliances: CCP receives Rs90m penalties from two brands

ISLAMABAD: The Competition Commission of Pakistan (CCP) has received a total amount of PKR 90 million from two...

Updated 08 Aug, 2025 08:15am

Industry

Pakistan should take advantage of ‘lowest’ US tariffs: FPCCI

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

Published 08 Aug, 2025 06:00am

Business & Finance

Dar reviews energy sector’s issues

ISLAMABAD: Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar, chaired a meeting to review ...

Published 08 Aug, 2025 06:00am

Industry

Industrial policy: Govt considering serious reforms: SAPM

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan, Thursday,...

Published 08 Aug, 2025 06:00am

Industry

GSMA warns Pakistan likely to lag in digital race without urgent reforms

ISLAMABAD: The GSMA has issued a strong warning that Pakistan risks falling behind regional peers in the digital ...

Published 08 Aug, 2025 06:00am

Business & Finance

FBR PRAL vow seamless tax, digital services for taxpayers

ISLAMABAD: Federal Board of Revenue (FBR) and the Pakistan Revenue Automation (Pvt.) Limited (PRAL) are committed to...

Published 08 Aug, 2025 06:00am

Business & Finance

‘Overseas Pakistanis are entitled to import vehicles under gift scheme’

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday categorically clarified that only overseas Pakistanis are...

Published 08 Aug, 2025 06:00am

Business & Finance

Selected in past three years: FBR grants audit immunity to taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has given immunity from income tax audit to those persons whose income...

Published 08 Aug, 2025 06:00am

Business & Finance

Risk disclosure docs: Customers’ acknowledgment mandatory for futures brokers: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for futures brokers to...

Published 08 Aug, 2025 06:00am

Business & Finance

Weekly forex reserves decline $111m

KARACHI: The country’s total liquid foreign exchange reserves declined by $111 million in a week mainly due to...

Published 08 Aug, 2025 06:00am

Taxes

KPRA advises wedding halls to pay taxes, file ST returns

PESHAWAR: A team of Khyber Pakhtunkhwa Revenue Authority (KPRA) headed by Assistant Collector Hizbullah Khan held a...

Updated 08 Aug, 2025 08:02am

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 9	160.41
USD to Swiss Franc / Jun 9	0.80
Pound Sterling to USD / Jun 9	1.34
Euro to USD / Jun 9	1.15
SOFR % / Jun 9	3.63

Stock	Volume
S&P 500 / Jun 9	7,386.65
India Sensex / Jun 9	73,918.76
Tokyo Nikkei / Jun 9	65,416.63
Nasdaq / Jun 9	25,678.82
Hang Seng / Jun 9	24,565.90
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

Item	Value
Crude Oil USD/Barrel / Jun 9	89.03
Gold 10 Grams PKR / Jun 9	389,534
Gold Spot USD/Ounce / Jun 9	4,242.54
Cotton US¢/pound / Jun 9	75.30
Petrol/Litre / Jun 10	377.78
Diesel/Litre / Jun 10	380.78

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / Jun 9 First Al-Noor Modaraba(FANM)	7.39 ▲ 0.86 (13.17%)
First Fid. Leasing / Jun 9 First Fidelity Leasing Modaraba(FFLM)	9.67 ▲ 1 (11.53%)
Chenab Ltd / Jun 9 Chenab Limited(CHBL)	10.25 ▲ 1 (10.81%)
TPL REIT Fund I / Jun 9 TPL REIT Fund I(TPLRF1)	9.06 ▲ 0.83 (10.09%)
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	11.31 ▲ 1.03 (10.02%)
Popular Islamic / Jun 9 Popular Islamic Modaraba(PIM)	25.69 ▲ 2.34 (10.02%)
Redco Textile / Jun 9 Redco Textiles Limited(REDCO)	28.68 ▲ 2.61 (10.01%)
Burshane LPG / Jun 9 Burshane LPG (Pakistan) Limited(BPL)	56.86 ▲ 5.17 (10%)
Cherat Packaging / Jun 9 Cherat Packaging Limited(CPPL)	83.72 ▲ 7.61 (10%)
Leather Up Ltd. / Jun 9 Leather Up Limited(LEUL)	38.73 ▲ 3.52 (10%)

Stock	Price
Pak Qatar Family / Jun 9 Pak Qatar Family Takaful Limited(PAKQATAR)	25.72 ▼ -2.86 (-10.01%)
Zuma Resources / Jun 9 Zuma Resources Limited(ZUMA)	79.08 ▼ -8.79 (-10%)
Ideal Spinning / Jun 9 Ideal Spinning Mills Limited(IDSM)	69.56 ▼ -7.71 (-9.98%)
D.S. Ind. Ltd. / Jun 9 D.S. Industries Limited(DSIL)	11.32 ▼ -0.99 (-8.04%)
Ruby Textile / Jun 9 Ruby Textile Mills Limited(RUBY)	17.06 ▼ -1.43 (-7.73%)
Javedan Corp.(Pref) / Jun 9 Javedan Corp.(Pref)(JVDCPS)	63.15 ▼ -5.25 (-7.68%)
Shakarganj / Jun 9 Shakarganj Limited(SML)	122.02 ▼ -7.83 (-6.03%)
Cresent Jute / Jun 9 Crescent Jute Products Limited(CJPL)	13.86 ▼ -0.85 (-5.78%)
Pak Qatar Gen.Takaful / Jun 9 Pak Qatar General Takaful Limited(PQGTL)	17.34 ▼ -1.03 (-5.61%)
Shahtaj Sugar / Jun 9 Shahtaj Sugar Mills Limited(SHJS)	161.83 ▼ -9.17 (-5.36%)

Stock	Volume
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	56,532,004 ▲ 1.03
TPL Corp Ltd / Jun 9 TPL Corp Limited(TPL)	50,805,586 ▲ 1.3
Pace (Pak) Ltd. / Jun 9 Pace (Pakistan) Limited(PACE)	46,226,087 ▲ 0.49
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	25,502,243 ▲ 0.01
Waves Home Appliances / Jun 9 Waves Home Appliances Limited(WAVESAPP)	23,147,389 ▲ 0.42
TRG Pak Ltd / Jun 9 TRG Pakistan Limited(TRG)	19,523,819 ▲ 2.13
First Dawood Prop. / Jun 9 First Dawood Properties Limited(FDPL)	16,241,622 ▲ 0.31
TPL REIT Fund I / Jun 9 TPL REIT Fund I(TPLRF1)	16,207,570 ▲ 0.83
D.S. Ind. Ltd. / Jun 9 D.S. Industries Limited(DSIL)	16,047,600 ▼ -0.99
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	15,523,458 ▲ 0.17

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