News Archives for Business & Finance - 2025-08-21

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Business & Finance - 2025-08-21

Industry

Power sector: NEPRA asked to play a ‘more proactive’ role

NA panel directs National Electric Power Regulatory Authority to oversee restoration of electricity infrastructure demanded due to floods, rains

Published 21 Aug, 2025 10:51pm

South Asia

Four killed in gas leak at pharma company in India, CNN-News18 reports

At least four workers were killed in a gas leak at a pharmaceutical company in India’s western state of Maharashtra,...

Published 21 Aug, 2025 09:36pm

Technology

India’s Nazara Tech set for record two-day fall after India moves to ban online money games

Shares of Nazara Tech slumped over 21% in two sessions and were headed for their steepest two-day fall on Thursday,...

Published 21 Aug, 2025 09:34pm

Companies

The daily dilemma: what to cook today?

In every Pakistani household, the biggest mystery isn’t where the socks disappear or who left the lights on. It’s...

Published 21 Aug, 2025 08:19pm

Pakistan

ADB to provide $410 million package for Barrick-run Pakistan mine, sources say

Islamabad hopes project to serve as springboard to draw more foreign interest to its mineral sector

Published 21 Aug, 2025 08:01pm

Companies

Boeing in talks to sell up to 500 planes to China: Bloomberg

NEW YORK: US aviation giant Boeing is in talks to sell up to 500 aircraft to Chinese companies, Bloomberg News...

Published 21 Aug, 2025 07:03pm

Commodities

Copper falls as markets await Powell’s Jackson Hole speech

LONDON: Copper prices fell on Thursday in thin summer trading, with markets waiting for the Federal Reserve’s annual...

Published 21 Aug, 2025 06:57pm

USA

Fed’s Bostic still sees a single rate cut this year, amid uncertainty

NEW YORK: Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that he still thinks the U.S....

Published 21 Aug, 2025 06:50pm

Commodities

India imports canola oil after 5 years as local prices surge

MUMBAI: India bought canola oil for delivery in August for the first time in nearly five years, as local prices hit...

Published 21 Aug, 2025 06:18pm

Commodities

Arabica coffee hovers just below recent 2-1/2 month peak

LONDON: Arabica coffee futures on ICE were barely changed on Thursday with prices holding just below the prior...

Published 21 Aug, 2025 05:49pm

Stocks

Sri Lanka shares end flat; July inflation rises

CSE All Share index settled flat at 20,715.49

Published 21 Aug, 2025 05:44pm

Commodities

India snaps up steeply discounted palm oil from Colombia, Guatemala

MUMBAI: Indian importers for the first time bought palm oil from Colombia and Guatemala as producers sitting on...

Published 21 Aug, 2025 05:42pm

Europe

India, Russia agree to boost trade ties after foreign ministers meet in Moscow

MOSCOW: India and Russia agreed to boost trade ties on Thursday as their foreign ministers met in Moscow, giving...

Updated 21 Aug, 2025 06:24pm

Financial

Fiscal worries, fresh debt supply drag India bonds lower

MUMBAI: Indian government bonds fell further on Thursday as traders cut positions before new debt supply, while...

Published 21 Aug, 2025 05:33pm

Business & Finance

SBP-held foreign exchange reserves rise $13mn, clock in at $14.26bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $13 million to $14.26 billion during the...

Updated 21 Aug, 2025 05:57pm

Technology

India’s Wipro to buy Harman Connected Services for $375 million

Indian software-services exporter Wipro said it will buy U.S.- based firm Harman’s digital transformation solutions...

Published 21 Aug, 2025 05:27pm

Markets

India’s PayNearby plans to go public next year, CEO says

BENGALURU: Indian fintech firm PayNearby plans to launch an initial public offering in the next financial year to...

Published 21 Aug, 2025 05:22pm

Commodities

Asia rice: Vietnam rates rise on low domestic supplies; improved demand lifts India prices

Vietnamese rice prices rose this week as domestic supplies tumbled, while Indian rates also ticked higher on rupee...

Published 21 Aug, 2025 05:16pm

Middle East

Kuwait’s merged Warba-Gulf Bank can grow for 10 years without capital hike, CEO says

KUWAIT CITY: The new Islamic banking entity resulting from the merger of Kuwait’s Warba Bank and Gulf Bank will be...

Published 21 Aug, 2025 05:13pm

Companies

Global beauty firms look to carve up Indian market as ‘last bastion’ of growth

CHENNAI: From Japan’s Shiseido to France’s L’Oreal, global cosmetics giantsare doubling down on India, betting on...

Published 21 Aug, 2025 04:57pm

South Asia

India sees Asia’s biggest earnings downgrades as US tariffs loom

Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S....

Published 21 Aug, 2025 04:51pm

South Asia

Indian regulator plans to extend equity derivatives’ tenure to curb losses

MUMBAI: India’s markets regulator is planning to increase the tenure and maturity of equity derivatives contracts,...

Published 21 Aug, 2025 04:45pm

South Asia

India government has not quantified loss to exchequer due to tax cuts, says state minister

NEW DELHI: India’s federal government has not quantified the loss to the exchequer due to a lowering of the goods...

Published 21 Aug, 2025 04:41pm

South Asia

India business activity fastest in at least two decades, price rises sharp, PMI shows

BENGALURU: India private sector activity expanded at the fastest pace on record in August, fuelled by a robust surge...

Published 21 Aug, 2025 04:24pm

Forex

Indian rupee slips as oil importers step up dollar purchases

MUMBAI: The Indian rupee fell on Thursday as aggressive dollar buying by oil importers towards the end of the...

Published 21 Aug, 2025 04:01pm

Stocks

Reliance, financials power India’s stock benchmarks to 6th day of gains

India’s equity benchmarks rose for a sixth straight session on Thursday, boosted by financial shares that jumped on...

Published 21 Aug, 2025 03:52pm

Commodities

Palm falls on weak Dalian rival vegetable oils

JAKARTA: Malaysian palm oil futures extended losses to a third session on Thursday despite strong exports over the...

Published 21 Aug, 2025 03:48pm

Commodities

Pakistan gets offers in 200,000 tons sugar tender, traders say

HAMBURG: The lowest price offered in an international tender from Pakistan to buy 200,000 metric tons of sugar on...

Published 21 Aug, 2025 03:44pm

Business & Finance

Poland agrees to boost employment opportunities for Pakistani workers

The governments of Pakistan and Poland have agreed to strengthen cooperation to create employment opportunities for...

Published 21 Aug, 2025 03:38pm

Energy

Pakistan tyre maker commissions 2.5MW solar power system at manufacturing facility

Panther Tyres Limited, a Pakistani tyre maker, has commissioned a 2.5MW solar power system at its manufacturing...

Published 21 Aug, 2025 03:04pm

Bullion Rate

Gold price per tola rises by Rs2,000 in Pakistan

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

Updated 21 Aug, 2025 06:07pm

Business & Finance

Coty forecasts fall in quarterly sales, to raise premium fragrance prices

Coty on Wednesday forecast a drop in current-quarter sales as weak spending in the U.S. sapped demand for beauty...

Published 21 Aug, 2025 01:55pm

Markets

Russia orders state-backed app, WhatsApp rival, to be pre-installed on all phones and tablets

MOSCOW: A Russian state-backed messenger application cast as a rival to WhatsApp which critics have said could be...

Published 21 Aug, 2025 01:43pm

Stocks

European shares flat; all eyes on Jackson Hole

European equities were little changed on Thursday as investors awaited updates from the Federal Reserve’s Jackson...

Published 21 Aug, 2025 01:33pm

Forex

Asia’s wealthy investors seek more crypto in portfolios

HONG KONG/SINGAPORE: Wealthy Asian families and family offices are ramping up their cryptocurrency investments,...

Published 21 Aug, 2025 01:30pm

Markets

India sees Asia’s biggest earnings downgrades as US tariffs loom

Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S....

Published 21 Aug, 2025 01:17pm

Companies

Chashma Sugar Mills approves amalgamation with wholly-owned subsidiary

The Board of Directors of Chashma Sugar Mills Limited (CHAS), one of the largest sugar mills in the country, has...

Published 21 Aug, 2025 12:23pm

Business & Finance

Pakistan, Bangladesh hold talks on industrial collaborations

Minister of Commerce Jam Kamal Khan held high-level talks with Bangladesh’s Adviser for Industries, Adilur Rahman...

Updated 21 Aug, 2025 01:08pm

Companies

Ministry of Energy’s Imran Ahmed joins PPL board

Pakistan Petroleum Limited (PPL), one of Pakistan’s largest E&P companies, announced on Thursday the appointment...

Published 21 Aug, 2025 10:55am

Currency

Pakistani rupee registers 10th successive gain against US dollar

Currency settles at 281.92 against greenback

Updated 21 Aug, 2025 06:51pm

Stocks

Profit-taking grips PSX, KSE-100 sheds over 1,300 points

The Pakistan Stock Exchange (PSX) witnessed profit-taking on Thursday, as its benchmark KSE-100 Index closed the...

Updated 21 Aug, 2025 07:47pm

Bullion Rate

Gold holds steady as investors await Fed remarks at Jackson Hole

Spot gold was down 0.2% at $3,339.97 per ounce.

Published 21 Aug, 2025 09:59am

Forex

Indian rupee to rise at open on soft dollar, favourable momentum

MUMBAI: The Indian rupee is expected to inch higher at open on Thursday, helped by a slightly softer dollar and...

Published 21 Aug, 2025 09:57am

Stocks

India share benchmarks inch higher, led by financials, Reliance

The Nifty 50 was up 0.23% to 25,106.5 points and the BSE Sensex gained 0.27% to 82,067.85

Published 21 Aug, 2025 09:53am

Forex

Dollar drifts as investors ponder Fed independence ahead of Powell speech

That left the dollar index , which measures the US currency against six other peers, steady at 98.301.

Published 21 Aug, 2025 09:49am

Stocks

Dollar drifts, Asian stocks mixed as markets brace for Jackson Hole

Japan's Nikkei drooped 0.6% in the morning session

Published 21 Aug, 2025 09:43am

Energy

Oil rises 1% on signs of strong demand, Russia-Ukraine peace uncertainty

LONDON: Oil prices rose 1% on Thursday, bolstered by signs of strong demand in the United States, with uncertainty...

Updated 21 Aug, 2025 05:04pm

Pakistan

Businessman stresses need for better water management

LAHORE: A prominent business figure has expressed serious concerns over the massive wastage of Pakistan’s precious...

Published 21 Aug, 2025 06:06am

World

Japan’s exports log biggest drop in 4 years as US tariff impacts intensify

TOKYO: Japan’s exports posted the biggest monthly drop in about four years in July, government data showed on...

Published 21 Aug, 2025 06:06am

Energy

EPGL secures additional gas supply for power plant

KARACHI: In a significant development for Pakistan’s energy sector, Engro Powergen Qadirpur Limited (EPQL) has...

Published 21 Aug, 2025 06:06am

Industry

International shipping lines: LCCI EC says concerned over deteriorating performance

LAHORE: The Executive Committee of the Lahore Chamber of Commerce and Industry (LCCI) has expressed grave concern...

Published 21 Aug, 2025 06:06am

Business & Finance

EPBD demands immediate cut in interest rate

ISLAMABAD: The Economic Policy & Business Development (EPBD) think tank has urged for an immediate and...

Published 21 Aug, 2025 06:06am

Money & Banking

US dollar falls

NEW YORK: The dollar fell on Wednesday after US President Donald Trump called on Federal Reserve Governor Lisa Cook...

Published 21 Aug, 2025 06:06am

Industry

Karachi continues to suffer big losses: KCCI chief

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Jawed Bilwani has said despite the best...

Updated 21 Aug, 2025 07:07am

Business & Finance

SECP operationalises CMDF

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has operationalized the Capital Market ...

Published 21 Aug, 2025 06:06am

Business & Finance

China-Pakistan cooperation scores 12 deals worth 235m yuan in Kashgar

BEIJING: As many as twelve China-Pakistan cooperation projects, valued at RMB 235 million, were signed at the...

Published 21 Aug, 2025 06:06am

Companies

Mobilink Bank upgrades its core banking system

ISLAMABAD: Pakistan's leading digital microfinance bank, Mobilink Bank, has successfully upgraded its core banking...

Published 21 Aug, 2025 06:06am

Companies

Varioline becomes public limited company

KARACHI: Varioline Intercool, a pioneer in Pakistan’s commercial refrigeration and cold chain industry, has...

Published 21 Aug, 2025 06:06am

Business & Finance

SECP introduces ‘Angel Fund’ for startups in Pakistan

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced “Angel Fund” a new category of...

Updated 21 Aug, 2025 05:43pm

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	278.60
USD PKR Interbank Buying / Jun 8	278.40
USD to Japanese Yen / Jun 8	160.18
USD to Swiss Franc / Jun 8	0.80
Pound Sterling to USD / Jun 8	1.33
Euro to USD / Jun 8	1.15
SOFR % / Jun 8	3.62

Stock	Volume
S&P 500 / Jun 8	7,405.73
India Sensex / Jun 8	73,524.26
Tokyo Nikkei / Jun 8	64,024.60
Nasdaq / Jun 8	25,929.66
Hang Seng / Jun 8	24,657.06
FTSE 100 / Jun 8	10,373.20
Dow Jones / Jun 8	50,786.01
Germany DAX 30 / Jun 8	24,616.22
France CAC40 / Jun 8	8,199.29

Item	Value
Crude Oil USD/Barrel / Jun 8	91.34
Gold 10 Grams PKR / Jun 8	386,987
Gold Spot USD/Ounce / Jun 8	4,326.41
Cotton US¢/pound / Jun 8	77.61
Petrol/Litre / Jun 9	377.78
Diesel/Litre / Jun 9	380.78

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 8 First Fidelity Leasing Modaraba(FFLM)	8.76 ▲ 1 (12.89%)
Gulistan Sp. / Jun 8 Gulistan Spinning Mills Limited(GUSM)	9.03 ▲ 1 (12.45%)
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	10.33 ▲ 1 (10.72%)
Pak. P.V.C. / Jun 8 Pakistan PVC Limited(PPVC)	19.53 ▲ 1.78 (10.03%)
Cresent Jute / Jun 8 Crescent Jute Products Limited(CJPL)	14.73 ▲ 1.34 (10.01%)
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	12.31 ▲ 1.12 (10.01%)
Oilboy Energy / Jun 8 Oilboy Energy Limited(OBOY)	16.82 ▲ 1.53 (10.01%)
Quantum Data Tech. / Jun 8 Quantum Data Technologies Limited(QTECH)	33.95 ▲ 3.09 (10.01%)
Nagina Cot. / Jun 8 Nagina Cotton Mills Limited(NAGC)	77.94 ▲ 7.09 (10.01%)
Shams Textile / Jun 8 Shams Textile Mills Limited(STML)	41.99 ▲ 3.82 (10.01%)

Stock	Price
Dawood Lawrencepur / Jun 8 Dawood Lawrencepur Limited(DLL)	60.49 ▼ -564.34 (-90.32%)
Azgard Nine (Non-Voti) / Jun 8 Azgard Nine (Non-Voti)(ANLNV)	7.42 ▼ -0.98 (-11.67%)
Ruby Textile / Jun 8 Ruby Textile Mills Limited(RUBY)	18.49 ▼ -2.05 (-9.98%)
Aisha Steel(ConPS) / Jun 8 Aisha Steel(ConPS)(ASLPS)	28.85 ▼ -3.15 (-9.84%)
Elahi Cotton / Jun 8 Elahi Cotton Mills Limited(ELCM)	176.66 ▼ -19.18 (-9.79%)
Javedan Corp.(Pref) / Jun 8 Javedan Corp.(Pref)(JVDCPS)	68.40 ▼ -7.27 (-9.61%)
Ideal Spinning / Jun 8 Ideal Spinning Mills Limited(IDSM)	77.65 ▼ -8.17 (-9.52%)
Power Cem(Pref) / Jun 8 Power Cement (Pref)(POWERPS)	25.57 ▼ -2.46 (-8.78%)
F.Credit & Inv / Jun 8 First Credit and Investment Bank Limited(FCIBL)	37 ▼ -3.49 (-8.62%)
Tri-Star Mutual / Jun 8 Tri-Star Mutual Fund Limited(TSMF)	17.48 ▼ -1.64 (-8.58%)

Stock	Volume
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	60,567,709 ▲ 1
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	42,410,725 ▲ 0.74
Pace (Pak) Ltd. / Jun 8 Pace (Pakistan) Limited(PACE)	26,156,618 ▼ -0.07
Waves Home Appliances / Jun 8 Waves Home Appliances Limited(WAVESAPP)	24,010,462 ▲ 0.06
Thatta Cement / Jun 8 Thatta Cement Company Limited(THCCL)	22,234,491 ▲ 3.04
Beco Steel Ltd / Jun 8 Beco Steel Limited(BECO)	20,895,260 ▼ -0.26
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	20,707,751 ▼ -0.01
Pak Qatar Family / Jun 8 Pak Qatar Family Takaful Limited(PAKQATAR)	20,529,844 ▲ 0.58
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	20,239,775 ▲ 1.12
Pak Qatar Gen.Takaful / Jun 8 Pak Qatar General Takaful Limited(PQGTL)	19,782,746 ▲ 1.67

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