News Archives for Business & Finance - 2025-08-19

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Business & Finance - 2025-08-19

Business & Finance

Pakistan’s IT exports grow $354mln in July

ISLAMABAD: The country’s information technology and IT-enabled services (ITeS) exports remittances comprising...

Published 19 Aug, 2025 09:18pm

Money & Banking

Moody’s upgrades deposit ratings of five Pakistani banks

The agency changes the outlook on long-term deposit ratings of all banks from positive to stable

Published 19 Aug, 2025 07:05pm

World

Air Canada flight attendants end strike after reaching ‘tentative’ deal

TORONTO: Air Canada flight attendants said Tuesday they had reached a “tentative” deal with the airline to end a...

Published 19 Aug, 2025 06:03pm

Business & Finance

Pakistan’s current account posts $254mn deficit in July 2025

Pakistan’s current account posted a deficit of $254 million in July 2025, data released by the State Bank of...

Updated 19 Aug, 2025 06:12pm

Exchange

Pakistan rupee registers 8th successive gain against US dollar

Currency settles at 281.96 in inter-bank market

Updated 19 Aug, 2025 08:57pm

Business & Finance

CCP’s Appellate Tribunal upholds penalty against telecom operators for non-competitive practice

LDI revenues 'jumped 308%', from $8.37 million to $59 million

Updated 19 Aug, 2025 04:25pm

Commodities

Gold price per tola sheds Rs1,100 in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local...

Published 19 Aug, 2025 01:49pm

Companies

Fauji Foundation, KAPCO move forward with ACPL acquisition

Kot Addu Power Company Limited (KAPCO) and Fauji Foundation (FF) have stepped up efforts to jointly acquire a...

Published 19 Aug, 2025 01:24pm

Markets

Japan’s SoftBank to invest $2bn in Intel

TOKYO: Japan-based tech investor SoftBank Group said Tuesday it will invest $2 billion in Intel, as the US...

Published 19 Aug, 2025 01:02pm

Business & Finance

Pakistan, Bangladesh explore energy and mineral collaboration

Pakistan and Bangladesh are looking to deepen their economic and energy ties, with both countries exploring new...

Published 19 Aug, 2025 12:53pm

Markets

China’s Lenovo to establish regional headquarters in Saudi Arabia

BEIJING: China’s Lenovo Group announced plans on Tuesday to set up a regional headquarters in Saudi Arabia, aiming...

Published 19 Aug, 2025 12:46pm

Forex

South African rand weaker as markets eye Fed symposium, local inflation print

The rand traded at 17.6550 against the dollar

Published 19 Aug, 2025 12:43pm

Stocks

European shares rise as investors weigh potential Russia-Ukraine peace deal

The pan-European STOXX 600 index was up 0.1%

Published 19 Aug, 2025 12:41pm

Mutual Funds

Euro zone bonds struggle for direction after Washington talks, eyes on Jackson Hole

LONDON: Euro zone government bonds were in a holding pattern on Tuesday as traders looked ahead to a symposium of...

Published 19 Aug, 2025 12:40pm

Markets

Pakistan launches PRISM+ to upgrade payment and settlement system

The State Bank of Pakistan (SBP) launched its upgraded payment and settlement system, PRISM+, on Tuesday....

Updated 19 Aug, 2025 03:51pm

Commodities

Copper rangebound as investors navigate mixed market signals

BEIJING: Copper prices traded in a tight range on Tuesday, with traders staying cautious as mixed market signals...

Published 19 Aug, 2025 12:27pm

Commodities

Iron ore slides as demand outlook blurs on weakening steel

BEIJING: Iron ore futures prices slid on Tuesday, as the production controls in the northern region of top consumer...

Published 19 Aug, 2025 12:22pm

Commodities

India removes import duty on cotton in temporary relief for garment industry

NEW DELHI: India has exempted import duties on cotton from August 19 to September 30, fulfilling the demand of...

Published 19 Aug, 2025 12:20pm

Business & Finance

Malaysia’s July exports jump 6.8% y/y, much stronger than market forecast

KUALA LUMPUR: Malaysia’s exports jumped by an unexpectedly strong 6.8% in July from a year earlier, driven by a...

Published 19 Aug, 2025 12:18pm

Companies

Air Canada cabin crew strike enters day four as talks resume

MONTREAL/TORONTO: Air Canada flight attendants extended their strike into a fourth day on Tuesday, although the...

Published 19 Aug, 2025 12:16pm

Business & Finance

Govt finalises plan to speed up cargo clearance at Karachi, Qasim ports

The government has finalised a set of recommendations to reduce container dwell time at Karachi Port and Port Qasim,...

Updated 19 Aug, 2025 01:40pm

Commodities

Palm oil prices seen above 4,300 ringgit/T in the near term, says MPOC

KUALA LUMPUR: Palm oil prices are expected to hold above 4,300 ringgit ($1,018) in the near term due to less soybean...

Published 19 Aug, 2025 12:07pm

Markets

India curbs solar power output to keep grid stable amid low demand, ministry says

SINGAPORE/NEW DELHI: India is curbing solar output during periods of low demand to keep its power grid stable and to...

Published 19 Aug, 2025 12:05pm

Markets

S&P affirms US ‘AA+’ credit rating, cites tariff revenue

S&P Global on Monday affirmed its ‘AA+’ credit rating on the US, saying the revenue from President Donald...

Published 19 Aug, 2025 11:59am

Stocks

China shares extend gains on ample liquidity, trade optimism; HK edges higher

HONG KONG: China stocks inched higher on Tuesday, extending gains after a decade-high close in the previous session,...

Published 19 Aug, 2025 11:55am

Mutual Funds

JGBs fall after weaker-than-expected 20-year bond auction By Junko Fujita

TOKYO: Japanese government bonds fell on Tuesday after a 20-year bond auction drew weaker-than-expected demand. The...

Published 19 Aug, 2025 11:52am

Commodities

Chicago wheat extends losses; markets watch Midwest crop tour

BEIJING: Chicago wheat futures fell for a second session on Tuesday on technical selling and better-than-expected...

Published 19 Aug, 2025 11:42am

Mutual Funds

India bonds fall; 10-year yield hits 4-month high as fiscal worries sap demand

MUMBAI: Indian government bonds continued to decline on Tuesday after the government’s proposed tax overhaul stoked...

Published 19 Aug, 2025 11:35am

Forex

Yuan steady against dollar as market focuses on Ukraine talks, Fed

HONG KONG: China’s yuan held steady against the US dollar on Tuesday as traders weighed diplomatic efforts to end...

Published 19 Aug, 2025 11:31am

Forex

Australia, NZ dollars stuck in a rut as markets await rate cues

SYDNEY: The Australian and New Zealand dollars traded within familiar ranges on Tuesday as markets awaited...

Published 19 Aug, 2025 11:29am

Stocks

Australian shares off record high as CSL plummets on job cuts, demerger plans

Australian shares slipped off their all-time peak on Tuesday, dragged down by biotech major CSL’s steepest fall in...

Published 19 Aug, 2025 11:27am

Business & Finance

Hardware contribution to IT exports remains minimal

According to estimates, 99% of local hardware demand is met through imports

Updated 19 Aug, 2025 12:53pm

Stocks

Japan’s Nikkei slips from record high as investors weigh Wall Street lull

TOKYO: Japan’s Nikkei share average slipped from a record high to trade flat on Tuesday, as investors weighed Wall...

Published 19 Aug, 2025 11:23am

Companies

Sitara Chemical Industries announces key appointments

Sitara Chemical Industries Limited announced on Tuesday the appointment of Ahmad Hassan as its chairman. This was...

Published 19 Aug, 2025 10:50am

Stocks

New record: KSE-100 settles below 150,00 level

Benchmark index hit an all-time intraday high of 150,323.38

Updated 19 Aug, 2025 04:20pm

Energy

OGDCL, PPL boost Reko Diq commitments to $715mn apiece

Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) have revised their funding...

Published 19 Aug, 2025 10:10am

Forex

Dollar bides time as markets brace for Ukraine summit

SINGAPORE:The US dollar held steady against its major peers on Tuesday as global markets awaited the outcome of a...

Published 19 Aug, 2025 08:22am

Bullion Rate

Gold steadies ahead of Fed’s Jackson Hole summit

Gold prices were little changed on Tuesday as investors awaited the Federal Reserve’s annual conference this week...

Published 19 Aug, 2025 08:13am

Stocks

Indian equities set to open higher on GST reform, Ukraine summit hopes

India’s equity benchmarks are set to open higher on Tuesday, building on gains from the previous session, led by...

Published 19 Aug, 2025 08:11am

Forex

Indian rupee to shrug off dollar strength, recent weakening bias on pause

MUMBAI: The Indian rupee is expected to open little changed on Tuesday, defying the dollar’s advance against major...

Published 19 Aug, 2025 08:10am

Stocks

Asia shares dip before Fed gathering; European futures up on Ukraine summit hopes

TOKYO: Stocks in Asia and oil prices edged lower on Tuesday before a key meeting of central bankers and as traders...

Published 19 Aug, 2025 08:06am

Energy

Oil prices fall as Ukraine talks raise prospect of sanctions easing

LONDON: Oil prices fell on Tuesday as traders assessed the possibility that talks between Russia, Ukraine and the...

Updated 19 Aug, 2025 07:28pm

Business & Finance

FTO says President upheld their 98pc decisions against FBR

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah said Monday that the President of Pakistan has upheld 98...

Published 19 Aug, 2025 07:11am

Business & Finance

CDC and PICG launch ‘Shareholder Agahi’ portal

KARACHI: A landmark initiative aimed at strengthening investor education and corporate governance in Pakistan was...

Published 19 Aug, 2025 07:09am

Industry

PPPA holds discussions on trade, economic situation

LAHORE: The PIAF Pioneer Progressive Alliance (PPPA) convened an important meeting under the chairmanship of Mian...

Published 19 Aug, 2025 07:06am

Companies

MCB Islamic Bank inaugurates Dolmen Mall Branch in Lahore

LAHORE: MCB Islamic Bank inaugurated its new, state-of-the-art branch at Dolmen Mall, Lahore on Pakistan’s...

Published 19 Aug, 2025 07:04am

Industry

Ahsan Iqbal visits Millat Tractors factory

LAHORE: Millat Tractors Limited (MTL) hosted Federal Minister for Planning Development & Special initiatives,...

Published 19 Aug, 2025 07:03am

Pakistan

Applied Development Economics: LSE launches International Conference

LAHORE: The Lahore School of Economics launched its 7th International Conference on Applied Development Economics...

Published 19 Aug, 2025 07:00am

Business & Finance

Working on key points regarding PSM: Russian CG

KARACHI: Russian Consul General Andrey Viktorovich Fedorov said that discussions between Pakistan and Russia on...

Published 19 Aug, 2025 06:57am

Business & Finance

Miftah says Pakistan’s current system hinders progress, calls for reforms

KARACHI: Former federal finance minister Dr Miftah Ismail called for bold reforms to benefit people and businesses,...

Published 19 Aug, 2025 06:56am

Business & Finance

Foreign incomes, assets: FBR issues new e-declaration for resident individuals

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new, “Electronic Foreign Income and Assets Declaration...

Updated 19 Aug, 2025 08:19am

Business & Finance

Punjab tax collection outstanding in 1MFY

LAHORE: The Punjab Revenue Authority (PRA) has posted outstanding results in the very first month of the ongoing...

Published 19 Aug, 2025 06:52am

Business & Finance

All CMOs commence services in AJ&K, G-B

ISLAMABAD: All the Cellular Mobile Operators have commenced mobile broadband services in Azad Jammu and Kashmir...

Published 19 Aug, 2025 06:18am

Money & Banking

Asia FX steady

BENGALURU: Asian currencies held steady and stock markets traded mixed on Monday as investors braced for a meeting...